The University of Buckingham Press Journals
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Non-Apology in the Age of Apology
Get PDFAfter more than two decades winding its way through a variety of United Nations (UN) mechanisms, in September 2007 the world’s indigenous peoples welcomed the news that the UN Declaration on the Rights of Indigenous Peoples (hereinafter the Declaration) was at last approved by the vast majority of nation-states.2 The four settler3 states that opposed the Declaration initially (the United States, Canada, Australia and New Zealand) have each in turn voiced their ultimate approval of the declaration and have issued statements in support to their indigenous citizens.In spite of the fact that these statements expressed a measure of regret for past wrongs committed, not one of those endorsements embodied a formal apology. Now that the Declaration has entered its eleventh year, many continue to question to what extent these endorsements have meaningfully advanced reconciliation for indigenous peoples and whether these endorsements were authentic in their stated desire to do more than just acknowledge the aspirations contained in the Declaration.This comment will examine the framework for political apologies in general and then consider the endorsements of the Declaration by the United States, Canada, Australia and New Zealand in light of contemporary apology theory. The article will then examine affirmative actions taken by those states following their endorsements in order to advance the claims of indigenous peoples and look at whether these actions have fallen short in providing meaningful redress for centuries of past wrongs
Does the failure to provide equitable access to treatment lead to action by NHS organisations: the case of biologics for South Asians with inflammatory bowel disease?
No full textAims: The purpose of this study was to identify whether NHS Trusts where discrimination in the delivery of care to patients from the South Asian community had been demonstrated had taken any actions to address the issue over the subsequent year.Methods: Freedom of information requests were sent to three trusts which had provided evidence of disparate provision of biologic therapy to patients with Crohn’s disease, their associated Clinical Commissioning Groups and Healthwatch organisations to seek evidence they had remedied the situation. Requests were also sent to the Care Quality Commission, NHS Improvement and the Equality and Human Rights Commission seeking examples where they had responded to inequitable delivery of care related to ethnicity.Results: No organisation had any evidence of responses to the situation, many unable to accept its existence.Conclusion: Legal duties are discussed and the only remedy appears to be through the tort of negligence.
Event Based Sentiment Analysis on Futures Trading
No full textMarket expectations as well as perception of the investment risks and returns are dependent on information arrivals. News arrival forms the basis for market sentiment, which in turn forms the basis for trading positions. Research in sentiment analysis focuses on quantifying the impact that news has on prevailing market sentiment.However, it is not news but events that impact the market sentiment; and the news is one of the modes to disseminate information about the events. Sentiment analysis must distinguish the events from news and events should be used as the predicting construct for market sentiments. This paper proposes an event-based sentiment analysis model that entails event identification, event-based training data creation, and event representation algorithms.A comparative analysis of news-based and event-based sentiment analysis is done on high-frequency futures trades, using the real-time news as the source of market information. The proposed event-based sentiment analysis performed better than the traditional news-based sentiment analysis when evaluated using both the statistical metrics and simulated trading. This paper presents pivotal research in the direction of event-based sentiment analysis models and its implication on algorithmic trading
Social Media and Sentiment Analysis of Nifty 50 Index
No full textNow-a-days, micro blogging social media platforms such as twitter, foursquare, ello etc. are used extensively by a diverse range of users to express their explicit opinions about a diverse range of topics on the internet. This paper aims to collect this freely available data using web scraping techniques and analyse it to assess the general sentiment prevailing in the market regarding the Nifty 50 index. Opinions are collected explicitly from twitter using the twitter application program interface (APl). A total of 154,398 tweets were collected and analysed to calculate the proportion of positive sentiment in the markets between Jan. 1, 2016 and Dec. 31, 2017. For assessing the sentiment of a given sentence, SentiWordNet, a lexical resource for opinion mining, was used. The average sentiment for all the tweets is calculated to assess the general sentiment prevailing in the market about the Nifty 50 index on a particular day.To understand the relationship between both the variables, linear regression analysis is performed, whereby, natural log of Nifty 50 index has been taken as the dependent variable and 10 days Moving Average (10MA) of proportion of positive sentiments as the independent variable. Based on the regression analysis, the coefficient of regression was obtained as -0.602 and its p-value was obtained as 0.00, indicating that there is a significant relationship between the 10MA of proportion of positive sentiments and natural log of Nifty 50 index. As the p-value of the regression is significant, it gives us a scope to do further analysis on the collected data. If significant, traders can have an additional tool in their technical analysis kit
How the Efficiency of Mutual Funds in India Have Evolved over Time: A Study on Selected Mutual Funds in India
No full textThis paper studies the long term memory of the returns from selected mutual funds from the large, mid & small cap and hybrid categories in India, over 10 years starting from 2008-09. The Hurst exponent is used to study the persistence and anti-persistent or mean-reverting trends and hence the market efficiency of the returns of the funds across various categories and periods are analyzed. The findings indicate, that there seems to be no significant difference in the market efficiency of various mutual funds across the categories studied over our period of interest. Although for certain periods all the categories do show persistent or anti-persistent behavior, there does not seem to be any particular pattern in such behaviour
Estimating and Predicting Value-at-Risk in the presence of structural breaks: A Study based on unbiased extreme value volatility estimator
No full textWe provide a framework based on the unbiased extreme value volatility estimator to predict long and short position value-at-risk (VaR). The given framework incorporates the impact of asymmetry, structural breaks and fat tails in volatility. We generate forecasts of both long and short position VaR and evaluate the VaR forecasting performance of the proposed framework using various backtesting approaches for both long and short positions and compare the results with that of various alternative models. Our findings indicate that the proposed framework outperforms the alternative models in predicting the long and the short position VaR. Our findings also indicate that the VaR forecasts based on the proposed framework provides the least total loss score for various long and short positions VaR and this supports the superior properties of the proposed framework in forecasting VaR more accurately. The study contributes by providing a framework to predict more accurate VaR measure based on the unbiased extreme value volatility estimator
Social Casinos: Winning Isn't Everything
No full textAre players who win more likely to be loyal to social casino games, and better customers for the social casino industry? In this research, we investigate the relationship between social casino player success and customer loyalty. We make a case that winning is not a good predictor of customer loyalty for social casino games. Our proposed theoretical model integrates loyalty and spend level with a player’s perceived level of gaming success. The unexpected diminished role of winning as a contributing factor to loyalty challenges the traditional view of thinking that success in a gambling environment is necessary to ensure valuable ongoing customer relationships. Implications for theory and practice are discussed
Producing and Promoting the Sports Gambling Industry since the 2018 United States Supreme Court Ruling: A Review of Organizational Action through Suspense Theory
No full textSports gambling is a way for people to experience the emotions caused by suspense. Suspense is predicated and enhanced along the dimensions of outcome uncertainty and a rooting interest in the outcome. Suspense for a sporting event is increased through gambling by creating outcome uncertainty and a rooting interest beyond the result of an actual game. The 2018 United States Supreme Court ruling that permits states to legalize wagering on sports games altered the sports gambling industry by giving more people the ability to bet on games. Several states are facilitating sports betting by allowing wagering through online and mobile platforms. Beyond what is legally permitted, sports gambling participation is influenced by how the activity is promoted. State governments, sports leagues and teams, sports gambling operators, and media companies are all in position to capitalize economically on an increase in sports gambling, therefore, their actions in producing and promoting the sports gambling industry since the Supreme Court ruling are in need of study. The alignment of organizational action with suspense theory lends insight into what is actually occurring in the sports gambling industry and can serve to better anticipate future industry developments
Legal Practitioners as Potential Money Launderers: Beneficial Ownership Transparency and PEPs: Solicitors Regulation Authority v Sharif (2019)
Get PDFLegal practitioners enjoy a high degree of credibility and trust. With this comes vulnerability. For example, a solicitor’s trust account may be used by criminals through which to launder their proceeds of crime.1 The need to maintain public confidence in the profession remains of paramount importance and it follows that substantial reputational harm can occur where there is a risk that legal practitioners are being used (wittingly or otherwise) to facilitate money laundering
Persuasive Language in Presidential Speeches: A Contrastive Study Based on Aristotelian Rhetoric
Get PDFPersuasive strategies in political discourse provide opportunities for politicians to influence, guide, and control their audiences according to their desires and benefits. This study examines the persuasive side of the language used in presidential speeches delivered by Barack Obama and Hassan Rouhani. This contrastive study delineates persuasive strategies based on the Aristotelian approach towards the methodology of persuasion. Through extracting our corpus from the internet, we analyzed it using Aristotle’s three means of persuasion (ethos, pathos, and logos). The corpus analysis was performed through qualitative content analysis according to the predefined themes and considering earlier investigations within the frame of Aristotelian rhetoric. The results indicated the prominent role of logos in presidential speeches as the most frequent strategy. Also, the analysis indicated three contrastive themes of religion, time, and participant names in the speeches of the presidents which signified their different cultural and political discourse. The impact of contextual aspects has also been discussed