ABSTRACT OF JULY EDITION 2018
Volume 14*Number 1* JULY2018
1. Twitter and Initial Jobless Claims
Bing Anderson, California Polytechnic State University, USA (Corresponding Author)
Karen Freberg, University of Louisville, USA
Shuyun Li, Cuesta College, USA
Laura Freberg, California Polytechnic State University, USA
If someone loses his job, he could easily be on Twitter talking about it that very same day. For that person to file an initial unemployment insurance claim, and for the initial claims statistics to be compiled and released, that process could easily take a lot more time. Hence, studying tweets on job losses could help one gain information about the upcoming initial jobless claims statistics release. Studying the correlation between “lost”+”job” tweet counts and the non-seasonally-adjusted initial jobless claims, we found a statistically significant positive relationship between the two time series. We are limited by the availability of data from exploring further in this paper. Nevertheless, we point out a promising direction for future studies.
2. Determinants of Derivative Use: An Empirical Analysis of Selected ASEAN+3 Countries
Dulani Jayasuriya Daluwathumullagamage
PhD, MPhil, BSc(Hons),Lecturer
Department of Accounting and Finance
University of Auckland
This study examines the relationship between several factors such as firm value, agency costs and profitability and a firms’ use of financial derivatives. The analysis differentiates between derivative assets and derivative liabilities and utilize a annual panel data set of nonfinancial firms from 2011 to 2015 for Singapore, Malaysia, Thailand and Philippines. Several firm-specific factors are identified to be associated with derivatives usage. The results are robust to alternative specifications, econometric procedures that correct for potential clustering of errors and endogeneity issues.
Keywords: Derivatives, corporate finance, risk management, hedging
JEL Classification: G3, F4, F3
3. Economy and Market in China: The State, Wage Labour and The Construction of the ‘China Price’
The University of Sydney Business School
China’s entry into the world trade, investment and production system and the economic growth of the last four decades have culminated in a rigid labour market duality that is based on the division of the urban-rural residential registry system, hukou. A migrant labour population has been created, the burdens of which have become augmented despite the long period of growth. Migrant labour is the producer of the “China price” which is the significantly low cost of production that the country provides to investors. This paper analyses the context of migrant labour and its origins. The discussion extends into the state policies on labour institutions (minimum wage system, All-China Federation of Trade Unions [ACFTU] and the welfare measures) and further analyses the conditions of the female and youth labour markets.
Keywords: Chinese economy, the state, market, growth, trade, economic geography, labour,
4. Economic Feasibility of The Next-Generation Vehicles of Transportation
Digital Business, Information Systems, and
Management of Technology and Innovation
Leon Hess Business School
West Long Branch, NJ 07764-1898
U. S. A.
Relative to the large number of published artifacts associated with testing alternative fuel technology for vehicles for transportation, a rather small proportion is dedicated to studying its economic impact on consumers.
Absence of a globally standard metric system for the purpose of measuring accurate fuel economy for consumer vehicles of transportation across a gamut of makes and models complicated the economics for a number of decades.
This paper reports the rational and background study for such a metric, and proposes the ‘Unit Fuel Economy’. The Unit Fuel Economy (UFE) is expected to convey to the global consumers, government, business, and technology communities a standardized, objective, and universal measurement for the fuel economy of transportation vehicles.
Keywords: Unit Fuel Economy, Transportation Vehicle, Alternative Fuel, Energy Management, Energy Policy, Sustainability, Hybrid Vehicle, Petrol Vehicles, Fully Electric Vehicle, Hydrogen Cell Vehicle, Battery Technology, Power Management, Econometrics, Technology Management, Technology S-Curve, Environment Conservation, Global Warming.
5. Combating Inequality for Achieving Global Goals in India: Understanding SDG 10, its Linkages, Dimensions, Indicators and Measures
Dr. Divya Singhal, Associate Professor, Goa Institute of Management, Sanquelim Campus, Goa, India, Email: firstname.lastname@example.org
Sustainable development requires a long-term transformation, which in turn requires longer-term planning processes than the usual annual budgets or medium-term expenditure frameworks. At the United Nations Sustainable Development Summit on 25 September 2015, world leaders adopted the 2030 Agenda for Sustainable Development, which includes a set of 17 Sustainable Development Goals (SDGs), popularly known as Global Goals to end poverty, fight inequality and injustice, and tackle climate change by 2030.
Inequality is multi-faced in nature and probably the most important aspect which has interlinkages with many other sustainable development goals. Therefore, it is emerging as a central issue for the post-2015 development agenda and the establishment of the sustainable development goals.
The present paper is focussed on the issue related to tackling inequality, dimensions and indicators of reducing inequalities (SDG 10). The essay also highlights some efforts made by Indian government in the direction of reducing inequalities.
6. Ethical Theories- Application and Conflict with Effective Organizational Management
Dr. Mrinalini D Kale, Western Governors University, USA
This essay compares and contrasts three theories of corporate ethics. For this purpose three normative theories of ethics namely virtue ethics, Kantian approach, and utilitarian ethics are compared and contrasted. Further, the essay evaluates and analyzes how the Kantian approach applies and conflicts with effective organizational management in current economic climate. For this purpose, effective organizational management is defined and the Kantian approach is evaluated in this context.
7. Organization Factors for ERP Projects in A Developing Country:A Case Study in Jordan
Mohammad Issa Al-Zoubi
Faculty of Administrative and Financial Sciences, Department of MIS, Irbid National University,Jordan,Jordan
The organization factors integral to the successful implementation of ERP systems are identified in this paper, and the organization factors under scrutiny include: Change Management, Business Process Management, and Top Management Support. Survey questionnaires were circulated to ERP users in companies in Jordan, which led to the collection and analysis of 314 responses in total. The results evidence significant relationship between change Management and top management support with ERP implementation success. However, the outcomes did not support the relationship between Business Process Management and ERP implementation success. This study could assist ERP vendors and consultants in developing countries in preparing certain strategies for dealing with the oddity between their ERP products and ERP adopting organizations. Also, both ERP adopting organizations and managers could attain awareness regarding the intricacies that are inherent in ERP installations in order to prevent obstacles while increasing the possibility of attaining the looked-for results.
Keywords : Business Process Management, ERP, Top management support, Change Management, BPR, Developing country, Jordan
8. An Overlooked Opportunity for Sequencing Sales Strategies:The Product Life Cycle Concept
David R. Rink, Indiana University Kokomo, U.S.A.
H. Robert Dodge, Eastern Michigan University, U.S.A.
The traditional scope of sales management has significantly broadened to encompass product planning, pricing, distribution, and advertising. As a result, sales management will require a reconceptualization of its role within organizations. Of overriding importance is the need for a set of carefully conceived sales strategies sequenced in terms of some workable framework. The authors posit and discuss how the product life cycle concept can be used to gauge changing market conditions, and the subsequent impact this has on the development and implementation of timely and effective sales strategies.
Keywords: Sales Strategies, Product Life Cycle, Sales Management
JEL Classification: M31
9. Hedge Funds Clustered by Risk, Return and Correlation
Haiyun Mabel Yuan, Investment Manager at Trawalla Group,Australia
Julia Henker, PhD, CFA, Associate Professor, Bond University,Australia
Thomas Henker, PhD, CFA, Professor, Bond University,Australia
New hedge funds emerge to satisfy high investor demand, but some hedge fund strategies fail to deliver unique return and risk characteristics. Using K means++ clustering and principal component analysis, we find that we can capture the risk profiles of the existing funds with nine clusters. Moreover, we find that some funds deliver risk/return profiles that are not distinct from that of the index. Our results suggest that investors must consider carefully whether a hedge fund can deliver return and diversification benefits befitting its expenses.