176 research outputs found
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Donatello Strangio & Giuseppe Sancetta (Eds.), Italy in a European Context: Research in Business, Economics, and the Environment
Get PDFAbstract. Contributing to support the diffusion of an European culture and sense of citizenship. This is the aim of the book “Italy in a European Context: Research in Business, Economics, and the Environment” edited by Donatella Strangio & Giuseppe Sancetta. It is a collection of scholarly articles that cover the main issues related to role of Italy offering different perspectives ranging from economics and management, among others. It is a good read not only for students and scholars with a specific interest in the subject, but also for the institutions willing to reflect on the various issues surrounding the book. The authors contributing to this handbook are leading scholars conducting research on different fields. In fact, one of the main strengths of the book is the variety of perspectives offered by its chapters. After an introduction by the editors, the book is structured into two parts. The first section helps in understanding the critical role played by EU economic policies and aspects that concern political and social inequality. The second section of the book focuses on issues concerning counterfeiting, finance and environment.Keywords. Economic history, Monetary policy, Environmental economics, Political economy, Counterfeiting, Operating risk, Business management, Energy efficiency, Green economy, Climate change.JEL. A10, A33, E40, N20, O10, O20, M20, M38
The 11th Biennial Conference of Asian Consumer and Family Economics Association (ACFEA)
Get PDFAbstract.The 11th Biennial Conference of Asian Consumer and Family Economics Association (ACFEA) was held by Shue Yan University in Hong Kong, China. In this study, the evaluation of the 11th Biennial Conference of Asian Consumer and Family Economics Association held during July 7-10, 2016 in Hong Kong will be mentioned. Keywords. Consumer/family economics, behavioral finance, financial literacy, microcredit, health, happiness, sense of well-being, and cost of living. JEL.D11, D12, D19, G02, G11.
A Literature Review of Behavioural Finance
Get PDFAbstract. The efficient market hypothesis and behavioural finance theory have been the cornerstone of modern asset pricing for the past 50 odd years. Although both theories are fundamental in explaining modern asset pricing, they are opposing views. The efficient market hypothesis dictates that the price of any asset depends on the information, while the behavioural finance theory dictates that the price depends on the reaction of the market participants to the information. Therein lays the key to the argument influencing modern asset pricing, does price immediately reflect the information or market participants’ perception of the information. In this paper, we will critical evaluate the theories influencing the behavioural finance theory. We will review the overreaction/underreaction hypothesis and rational bubbles arguments influencing the behavioural finance theory. In concluding, we find that although the behavioural finance theory has difficulties in testing and the empirical evidence is mixed. Yet it does explain a number of anomalies in the financial world and is a more accurate view of the real world. It is also possible to explain market efficiency using the underreaction/overreaction hypothesis. However, a key advantage of using the efficient market hypothesis is that it is a useful benchmark for regulators and central bankers alike. The lack of a uniformed testable model means that the behavioural finance theory as it stands cannot be used as a benchmark. Conversely, the key to the behavioural finance theory is in its ability to explain the movement from the benchmark. So in essence, both models are required to explain asset pricing.Keywords. Behavioural finance theory, Efficient market hypothesis, Neoclassical economics, Overreaction/underreaction hypothesis, Rational bubblesJEL. B13, G02, G03, G12, G14
Mexican Hat Wavelet Mathematical Formula Applied to Business and Economics
Get PDFAbstract. The Mexican hat wavelet mathematical formula is used in physics, music, and earthquake prediction to allow different equations to equal because the wavelet can approximate the exogenous and the endogenous variables. This spontaneous symmetry breaking equation can have applications to business and economics akin to the game theory Nash equation that enabled companies to provide yields to financial instruments without necessarily go through a zero sum equation scenario. This research will allow the economics and finance practioners to apply the model to their respective disciplines to be able to draw the different uses in business and economics in particular risk analysis.Keywords. Mexican hat wavelength mathematical formula, economics and business theory building, Nash equation.JEL. C40, C50, C57
Export boost of Textile Industry of Pakistan by availing EU’s GSP Plus.
Get PDFPakistan is commonly known as agriculture based economy where vast areas of cultivated lands are producing cotton. This enabled to establish and flourish textile industries in Pakistan, therefore Pakistan is vital part of cheap and quality based textile products exporting country. Recently Pakistan is granted European Union's Generalised Scheme of Preferences (GSP) Plus status as a year from January 2014 by European Union because of that Pakistan's Textile exports surged to 14.22 billion (2013-2014 Jul-Jun) compared to export value of the previous fiscal year, reaching from 5 billion figure for the first time in Pakistan history because of the GSP plus status granted by the European Union, and textile exports to the left of the globe fell by 3.5%. Seeing this textile export Pakistan government is ready for a 5-year program to grant subsidies for the textile sector. Under the latest planned textile strategy (2014-19), textile industry will be rewarded. Followed by the strategy, textile exports will increase over the next five years, $ 26 billion, in addition to the creation of employment opportunities.Keywords: European Union's GSP Plus, Textile Export, Fiscal Year, Textile Industry of Pakistan.JEL Classifications: C01, F13, F41, H12, L67, Q4
An investigation of the corporate responsibility report assurance statements of the Big Four banks in Australia
Get PDFThe corporate responsibility report demonstrates an organisation’s commitment to sustainability. Currently, not much is known about the quality of the assurance statements of the corporate responsibility reports of banks in Australia. This research study fills the gap in the literature by investigating the corporate responsibility report assurance statements of the Big Four banks in Australia. The assurance statements are evaluated against the criteria provided by O’Dwyer and Owen (2005) and Perego and Kolk (2012). The results reveal that although the assurance statements, on average, meet the criteria highly, there are areas that need improvement. Keywords: assurance, bank, AA1000AS, ASAE 3000, ISAE 3000 JEL Codes:G21, M14, M4
New Economics Books
Get PDFA wide ranged Editor Selection of economic books published within the last 3 months by the publishers (for now; Edward Elgar, Elsevier, Palgrave MacMillan, Springer, Wiley, and World Scientific) which are reached out “the consensus of no copyright infringement exists” could be found under this title. Afterwards, JEL will continue to publish the economic books published within the last 3 months as listing them in its quarter edition. This is expected to enable the journal readers to follow the related literature and be aware of the new books. The list will continue to expand as accepting the books of new co-operated publishers and personal applications. The list order is organized according to book titles’ alphabetic priority
Labor-Capital Conflict: From Eurocentric Capitalism Towards. A Humanistic World Order
Get PDFAbstract. What Wells summarized in the first quote above was Eurocentric capitalism. It has now become the principal source of instability and inequality in the world. Speculation, not profit, is its driver; profit has taken a back-seat. Capital market, the arena for speculation, is disconnected from the real economy, particularly the labor market which rewards less and less the workers and producers. Rewards, as private wealth are increasingly in speculative capital gains which accrue to the top 1% elite, made up of stock market players and financial institutions, while the rest [workers, middle class and those in lower segments of the socio-economic pyramid] fall behind.Keywords. Wealth; Economic Development; Health and Economic Development; Sustainability; Development Planning and Policy.JEL. E21, F63, I15, Q56, O20.
The Impact of Monetary policy on Consumption and Investment in Jordan during (1989-2013)
Get PDFAbstract. Monetary policy is one of the important monetary subjects that can evaluate the performance of the policy and its tools, recent development in financial markets in the past years led to changes in the behavior of countries monetary policies, concentrated to achieve stability in the price level by creating new ideas of how monetary policy affects the economy and its components through linking macroeconomic activities (private spending components) with nominal interest rate. This study aims to analyze and evaluate the impact of Jordanian monetary policy on consumption and investment spending during the period (1989-2013) to predict the impact of monetary policy and its instruments on real economic activities and inflation. The study finds that lending rate affects investment negatively but it does not affect consumption and real GDP in the short run. However, in the long run investment is affected by the co-movements occurred in consumption lending rate and lagged investment. Also, the study finds that real GDP is affected by the co- movements that occurred in real GDP and lending rate. Furthermore, domestic credit is affected by the co-movements that happened in domestic credit and lending rate.Keywords. Consumption, Error correction model, Investment, Lending rate, Monetary policy.JEL. E20, F22, O23