Search results

The purpose of this paper is to investigate how non‐finance departmental involvement in the management of exchange rate risks impacts the extent of foreign exchange speculation in non‐financial firms.

Non‐financial firms in a small open economy (Denmark) are surveyed to investigate the extent of foreign exchange speculation and how it is related to the degree of nonfinance departmental involvement in the management of exchange rate risks. The authors employ binary and ordered probit regression analysis.

A positive link is found between the extent to which departments other than the finance department are involved in the management of exchange rate risks; and second, the extent to which the firm is likely to speculate – whether in the form of selective hedging or active speculation – on the foreign exchange market.

The findings indicate that the trend towards a more integrated risk management approach in which the finance department is not the only department responsible for risk management may have the (unforeseen) consequence that foreign exchange speculation increases.

The paper's findings are important because the link between the extent of foreign exchange speculation and a more integrated risk management approach has not been addressed previously.

The purpose of this study is to explore the influence of founder families in medium‐sized manufacturing firms and to investigate the impact of such influence on risk management – more specifically foreign exchange hedging and speculation.

This empirical study uses survey data and publicly available data for descriptive analysis and ordinary least squares/ordered regression analysis.

The authors find that two thirds of medium‐sized manufacturing firms are founder family firms in which the founder of the firm or members of his/her family are active in the management team, are members of the board of directors, and/or are shareholders of the firm. The study finds no difference between such founder family firms and other firms in terms of the use/non‐use decision related to foreign exchange derivatives but a marked difference in terms of the extent decision. Thus, founder family firms tend not only to hedge but also to speculate more extensively than other firms.

The findings are based on medium‐sized manufacturing firms in Denmark.

This study provides empirical evidence on the influence of founder families in medium‐sized firms and adds to the sparse literature on the impact of founder family influence on risk management.

The purpose of this paper is to study the effect of different parts (predictable and impact) of different types of speculative behavior (intraday speculation, medium-term speculation and long-term speculation) on future fluctuations in the underlying index.

The authors input information about heterogeneous speculative behavior into the HAR-RV model to study the effect of different parts (predictable and impact) of different types of speculative behavior (intraday speculation, medium-term speculation and long-term speculation) on the future fluctuation of the underlying index.

The authors find that the increase in intraday speculation will exacerbate spot market volatility; and the expected increase of long-term value speculation can reduce market volatility, but the shock of speculation will exacerbate market volatility.

The authors suggest that regulators should strictly limit speculative intraday trading, and also focus on the long-term value speculation that decreases market volatility, in order to guide the benign development of the markets that stabilize abnormal market fluctuations.

First, in view of the correlation between the futures and spot markets, the authors put forward a new proxy for the speculation degree. Second, the authors input heterogeneous speculative behavior into the HAR-RV model to study the effects of different parts (predictable and impact) on different types of speculative behavior (intraday speculation, medium-term speculation and long-term speculation) on the future fluctuation of the underlying index.

The construction of geographical indications agri-food (GIAF) brands play an important role in rural revitalization in China, this study aims to explore how to jointly promote brand building among multiple parties.

A tripartite game model of the producers, sales operating enterprises, and local governments is constructed to analyze the strategy choice of the parties in the complex system behavior evolution stability, and the simulation analysis of the influence factors of brand construction of GIAF and verify the game result.

(1) Increased government subsidies and supervision costs are beneficial to accelerating variety improvement and quality improvement of agri-food, but it is not conducive to the government, Therefore, it is necessary to ensure that the subsidy and supervision cost is kept within a reasonable range; (2) The dividend distributed to producers by sales operating enterprises play an important role in encouraging producers to improve the quality safety of agri-food, but it must be kept within a reasonable range to avoid discouraging the enthusiasm of sales operating enterprises; (3) Cost reduction, and revenue improvement are also effective ways to cooperate with all parties in brand co-construction.

This study does not consider consumers or logistics companies in the evolutionary game model.

This study proposes innovative policies and suggestions for improvement of the brand co-construction of all parties.

Based on the “Rural Revitalization” initiative, this study enriches research methods about brand value and provides a new perspective for brand value co-construction, and theoretical guidance, and empirical basis for formulating innovation policies and recommendations.

Though Local Area Networks (LANs) have been much talked about over the past two or three years, their role in libraries has, with a few exceptions, been in the realms of speculation rather than active examples. The commonest way in which libraries encounter LANs is for the parent organisation to introduce the LAN and for the library to be included as part of that campus or organisational network: applications are, therefore, most often directed towards communicating with other departments and sharing common facilities such as electronic mail rather than towards the traditional automation activities of library housekeeping. This is not to say that LANs have no potential for housekeeping: Mel Collier in his introduction to LANs notes a number of ways in which LAN technology may be of direct benefit in a library environment; and the OKAPI online‐public access catalogue project at PCL (see pp 3–13)originated as an investigation into the potential of LANs for specific library‐housekeeping applications. What this preamble is leading up to is the news that Reading University Library has installed a LAN within the library with the intention of using it for library housekeeping operations. However, before going on to look at Reading's implementation in some detail, a little background on LANs may be useful.

This study aims to propose a theoretical model to characterize the optimal forward freight agreement (FFA) procurement strategies and investigate the determinants of FFA trading activities from a new cross-market perspective.

A two-step model specification is used to empirically test the theoretical results for the Capesize, Panamax and Supramax sectors. It is found that spot demand has a positive relation with FFA trading volume for all three sectors. Moreover, spot demand volatility has a negative relation, while the correlation between spot demand and spot rate has a positive relation with FFA trading volume for the Capesize and Panamax sectors.

The results show that the expected spot demand is scaled by a “quantity premium,” which is the product of a demand covariance term, a demand riskiness term and a demand volatility term. This can be used by the traders in the FFA market to construct their hedging strategies.

This study aims to explore the complex relationship between post-earthquake reconstruction processes and gentrification in neighbourhoods of intermediate cities, calling on the critical role of recovery strategies in altering neighbourhoods physical and social urban structure identities.

The paper uses a case study; the reconstruction process of the neighbourhoods post-2010 earthquake in Talca, Chile, and analyses in a six-year timeline its socio-spatial changes. The latter based on mixed methods, primary data from strategic interviews with key stakeholders, cadastres of land value and real estate housing projects and neighbourhood polls, and secondary data from official documents such as plans and policies.

The findings suggest that patterns of incipient gentrification are an outcome of the reconstruction strategies. Acknowledging the intricate interplay amongst urban neoliberal conditions, historical heritage and identities and post-disaster recovery, inadequate housing subsidies and normative plans are causing the displacement of hundreds of historical residents and resistance, arrival of newcomers with higher debt capacity in new housing typologies and increasing land value. Process related to neoliberal politics of state led to new-build gentrification.

Gentrification and reconstruction are both processes that modify urban structures, society and perceptions, and yet their socio spatial effects have never been studied in a cumulative and integrated manner, even more, in intermediate cities. The value is to rethink the critical role of recovery strategies in halting and containing gentrification in fast transforming secondary cities.

Several aspects of the e‐book revolution are reviewed, as well as some related issues confronting libraries. Regardless of format, texts and text‐bearing devices have relationships of mutual dependence, and readers simultaneously experience both. The dominant relationship between texts and text‐bearing devices is shifting from static to dynamic. The e‐book revolution is more about new distribution systems for content, new digital rights management systems, and perhaps an unwitting or inchoate power struggle among the principal interested parties, than it is about the design and diffusion of dedicated reading devices. The e‐book revolution opens up possibilities for new and improved post‐retrieval processing of texts, defined as anything a person can do with a text after it has been retrieved. Librarians need to reassert – especially to the fledgling e‐book industry – the enduring principle of libraries as a social good. The two biggest challenges facing libraries are how to make the transition to an era dominated by dynamic relationships between texts and text‐bearing devices, and how to foster and facilitate robust and complex post‐retrieval processing of texts.

This article aims to explain how a transnational “retirement industry” in Southeast Asia has emerged recently as a result of interplays between various national and transnational forces, particularly in the domain of elderly care. “Retirement industry” refers to business operations related to the relocation of foreign retirees, primarily Japanese pensioners, who seek affordable social care and alternative retirement life.

This paper is based on extensive documentary studies and multi‐sited ethnographic research from 2004 to date. In‐depth interviews with retirees and relevant agencies were carried out in Thailand, Malaysia, the Philippines and Indonesia.

This article delineates how demographic and economic changes in Japan create demand for the transnational retirement industry, and how Southeast Asian countries actively promote the industry as a national development strategy. As such the boundaries between nation‐state and between the market and the state are simultaneously crossed. The industry opens new transnational routes and spaces and thus further complicates the transnationalization of elderly care in Asia.

Current research on social welfare remains dominated by methodological nationalism, and this article calls attention to the transnational dimension in understanding recent changes in social care. By engaging the predominant paradigm of “care diamond”, the article shows that how boundaries shift between various care providers within nation states is inextricably related to how borders are crossed between nation states.

News consumption is critical in creating informed citizenry; however, in the current context of media convergence, news consumption becomes more complex as social media becomes a primary news source rather than news media. The current study seeks to answer three questions: why the shifted pattern of news seeking only happens to some but not all of the news consumers; whether the differentiated patterns of news seeking (news media vs social media) would result in different misinformation engagement behaviors; and whether misperceptions would moderate the relationship between news consumption and misinformation engagement.

A survey consisted of questions related to personality traits, news seeking, misperceptions and misinformation engagement was distributed to 551 individuals. Multiple standard regression and PROCESS Macro model 1 were used to examine the intricate relationships between personality, news use and misinformation engagement.

Results indicate that extroversion was positively associated with social media news consumption while openness was inversely related to it. Social media news consumption in turn positively predicted greater misinformation sharing and commenting. No association was found between Big Five personality traits and news media news seeking. News media news seeking predicted higher intention to reply to misinformation. Both relationships were further moderated by misperceptions that individuals with greater misperceptions were more likely to engage with misinformation.

The current study integrates personality traits, news consumption and misperceptions in understanding misinformation engagement behaviors. Findings suggest that news consumption via news media in the digital era merits in-depth examinations as it may associate with more complex background factors and also incur misinformation engagement. Social media news consumption deserves continuous scholarly attention. Specifically, extra attention should be devoted to extrovert and pragmatic individuals in future research and interventions. People with these characteristics are more prone to consume news on social media and at greater risk of falling prey to misinformation and becoming a driving force for misinformation distribution.

The peer review history for this article is available at: https://publons.com/publon/10.1108/OIR-10-2021-0520