1,720,953 research outputs found
Svingprisingens rolle i fondsforvaltning
Get PDFDenne masteroppgaven utforsker svingprising, en metode som benyttes for å håndtere transaksjonskostnader i fond. Hensikten med metoden er å hindre at eksisterende andelseiere blir skadelidende som følge av nye tegninger eller innløsninger. Det innebærer at investorene som skaper en kostnad for fondet ved at forvalter må justere fondsbeholdningen, også må bære kostnaden. I utredningen vil vi bli bedre kjent med denne kostnaden, kalt svingfaktor, med mål om å øke forståelsen rundt og utforske svingprisingens rolle i fondsforvaltning.
Utredningen analyserer hva som påvirker svingfaktoren gjennom to hovedhypoteser med tilhørende underhypoteser for to av KLPs indeksnære aksjefond: KLP AksjeGlobal Indeks og KLP AksjeFremvoksende Indeks. Den første analysen undersøker hvordan makroøkonomiske faktorer påvirker en svingfaktorjustering i fondene. Den andre analysen vurderer om avviket mellom KLPs svingfaktor og en beregnet svingfaktor basert på direkte transaksjonskostnader blir påvirket av makroøkonomiske faktorer, med søkelys på ulikheter mellom ordinære og ekstraordinære markeder. Metodene som brukes er generaliserte lineære modeller og multippel regresjon, hvor resultatene diskuteres i lys av relevant teori og litteratur om svingprising og kostnadssensitivitet i fondsforvaltning.
Våre resultater viser at svingfaktorjustering i KLP AksjeGlobal Indeks og KLP AksjeFremvoksende Indeks i hovedsak drives av historiske trender, snarere enn makroøkonomiske faktorer. Et sentralt funn er svingfaktorens høye grad av stabilitet («stickiness»), noe som gjør at den sjeldent justeres. Videre viser resultatene fra den andre analysen at makroøkonomiske faktorer, som økonomisk og politisk usikkerhetsindeks samt fryktindeks, påvirker avviket mellom KLPs svingfaktor og en beregnet svingfaktor. Funnene indikerer at effektene varierer avhengig av om markedene er ordinære eller ekstraordinære, samt om fondet opererer i utviklede eller fremvoksende markeder. Resultatene gir derfor ikke støtte til en generell hypotese uten å ta hensyn til fondsspesifikke karakteristikker.This master's thesis explores swing pricing, a method used to manage transaction costs in funds. The purpose of this method is to ensure that existing unitholders are not adversely affected by new subscriptions or redemptions. It requires that investors who generate costs for the fund, by necessitating adjustments to the portfolio, also bear those costs. This study examines these costs, known as the swing factor, with the aim of increasing understanding and analyzing the role of swing pricing in fund management.
The study analyzes factors influencing the swing factor through two main hypotheses and related sub-hypotheses for two of KLP's index-based equity funds: KLP AksjeGlobal Indeks and KLP AksjeFremvoksende Indeks. The first analysis investigates how macroeconomic factors influence swing factor adjustments in the funds. The second analysis assesses whether the difference between KLP's swing factor and a calculated swing factor, based on direct transaction costs, is affected by macroeconomic factors, with a focus on variations between ordinary and extraordinary markets. The methodologies employed include generalized linear models and multiple regression analyses, with results discussed in the context of relevant theories and literature on swing pricing and cost sensitivity in fund management.
Our findings show that swing factor adjustments in KLP AksjeGlobal Indeks and KLP AksjeFremvoksende Indeks are primarily driven by historical trends rather than macroeconomic factors. A key finding is the high degree of stability ("stickiness") of the swing factor, which leads to infrequent adjustments. Furthermore, results from the second analysis indicate that macroeconomic factors, such as economic and political uncertainty indices and the fear index, influence the difference between KLP's swing factor and the calculated swing factor. The findings suggest that the effects vary depending on whether markets are ordinary or extraordinary and whether the fund operates in developed or emerging markets. As such, the results do not support a general hypothesis without considering fund-specific characteristics
Going Beyond Counting First Authors in Author Co-citation Analysis
Get PDFThe present study examines one of the fundamental aspects of author co-citation analysis (ACA) - the way co-citation
counts are defined. Co-citation counting provides the data on which all subsequent statistical analyses and mappings
are based, and we compare ACA results based on two different types of co-citation counting - the traditional type that
only counts the first one among a cited work's authors on the one hand and a non-traditional type that takes into
account the first 5 authors of a cited work on the other hand. Results indicate that the picture produced through this non-traditional author co-citation counting contains more coherent author groups and is therefore considerably clearer. However, this picture represents fewer specialties in the research field being studied than that produced through the traditional first-author co-citation counting when the same number of top-ranked authors is selected and analyzed. Reasons for these effects are discussed
Variations on the Author
Get PDF“Variations on the Author” discusses two of Eduardo Coutinho’s recent films (Um Dia na Vida, from 2010, and Últimas Conversas, posthumously released in 2015) and their contribution to the general question of documentary authorship. The director’s filmography is characterized by a consistent yet self-effacing form of authorial self-inscription: Coutinho often features as an interviewer that rather than express opinions propels discourses; an interviewer that is good at listening. This mode of self-inscription characterizes him as an author who is not expressive but who is nonetheless markedly present on the screen. In Um Dia na Vida, however, Coutinho is completely absent form the image, while Últimas Conversas, on the contrary, includes a confessional prologue that moves the director from the margins to the center of his films. This article examines the ways in which these works stand out in the filmography of a director who offers new insights into the notion of cinematic authorship
Appropriate Similarity Measures for Author Cocitation Analysis
Get PDFWe provide a number of new insights into the methodological discussion about author cocitation analysis. We first argue that the use of the Pearson correlation for measuring the similarity between authors’ cocitation profiles is not very satisfactory. We then discuss what kind of similarity measures may be used as an alternative to the Pearson correlation. We consider three similarity measures in particular. One is the well-known cosine. The other two similarity measures have not been used before in the bibliometric literature. Finally, we show by means of an example that our findings have a high practical relevance.information science;Pearson correlation;cosine;similarity measure;author cocitation analysis
Dispelling the Myths Behind First-author Citation Counts
Get PDFWe conducted a full-scale evaluative citation analysis study of scholars in the XML research field to explore just how different from each other author rankings resulting from different citation counting methods actually are, and to demonstrate the capability of emerging data and tools on the Web in supporting more realistic citation counting methods. Our results contest some common arguments for the continued
use of first-author citation counts in the evaluation of scholars, such as high correlations between author rankings by first-author citation counts and other citation
counting methods, and high costs of using more realistic citation counting methods that are not well-supported by the ISI databases. It is argued that increasingly available digital full text research papers make it possible for citation analysis studies to go beyond what the ISI databases have directly supported and to employ more
sophisticated methods
koamabayili/VECTRON-author-checklist: VECTRON author checklist
No full textWe have done our best to complete the author checklist relating to the use of animals in the hut study. Note that the objective for the hut study was to evaluate the IRS treatment applications for residual efficacy against Anopheles mosquitoes, including the local An. coluzzii mosquito population. Cows were only used to attract mosquitoes into the huts and no tests were carried out directly on the cows. The author checklist is intended for use with studies where experiments are carried out on animals, which is why we have had such difficulty in completing this for the hut study, as many of the questions do not relate to how the cows were used
Author-wise bibliometric analysis based on entropy.
No full textAuthor-wise bibliometric analysis based on entropy.</p
Author Under Sail The Imagination of Jack London, 1893-1902
No full textIn Author Under Sail, Jay Williams offers the first complete literary biography of Jack London as a professional writer engaged in the labor of writing. It examines the authorial imagination in London's work, the use of imagination in both his fiction and nonfiction, and the ways he defined imagination in the creative process in his business dealings with his publishers, editors, and agents. In this first volume of a two-volume biography, Williams traverses the years 1893 to 1902, from London's "Story of a Typhoon" to The People of the Abyss. The Jack London who emerges in the pages of Author Under Sail is a writer whose partnership with publishers, most notably his productive alliance with George Brett of Macmillan, was one of the most formative in American literary history. London pioneered many author models during the heyday of realism and naturalism, blurring the boundaries of these popular genres by focusing on absorption and theatricality and the representation of the seen and unseen. London created an impassioned, sincere, and extremely personal realism unlike that of other American writers of the time. Author Under Sail is a literary tour de force that reveals the full range of London as writer, creative citizen, and entrepreneur at the same time it sheds light on the maverick side of machine-age literature.Intro -- Title Page -- Copyright Page -- Dedication -- Contents -- Acknowledgments -- Introduction -- 1. Spirit Truth -- 2. From Absorption to Theatricality and Back Again -- 3. "I Will Build a New Present" -- 4. Sons as Authors -- 5. Fathers as Publishers -- 6. The Daughter as Author -- 7. Lovers as Authors -- 8. At Sea with the Family -- 9. Yellow News, Yellow Stories -- 10. The Return Home -- Notes -- Bibliography -- Index -- About Jay WilliamsIn Author Under Sail, Jay Williams offers the first complete literary biography of Jack London as a professional writer engaged in the labor of writing. It examines the authorial imagination in London's work, the use of imagination in both his fiction and nonfiction, and the ways he defined imagination in the creative process in his business dealings with his publishers, editors, and agents. In this first volume of a two-volume biography, Williams traverses the years 1893 to 1902, from London's "Story of a Typhoon" to The People of the Abyss. The Jack London who emerges in the pages of Author Under Sail is a writer whose partnership with publishers, most notably his productive alliance with George Brett of Macmillan, was one of the most formative in American literary history. London pioneered many author models during the heyday of realism and naturalism, blurring the boundaries of these popular genres by focusing on absorption and theatricality and the representation of the seen and unseen. London created an impassioned, sincere, and extremely personal realism unlike that of other American writers of the time. Author Under Sail is a literary tour de force that reveals the full range of London as writer, creative citizen, and entrepreneur at the same time it sheds light on the maverick side of machine-age literature.Description based on publisher supplied metadata and other sources.Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, YYYY. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries
- …
