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1 – 10 of 94L. Hicks and J.B. Brown
MY LETTER in the September issue seems to have kindled the flame and the pot is on the boil again.
Chi Aloysius Ngong, Kesuh Jude Thaddeus and Josaphat Uchechukwu Joe Onwumere
This paper aims to examine the causation linking financial technology to economic growth in the East African Community states from 1997 to 2019.
Abstract
Purpose
This paper aims to examine the causation linking financial technology to economic growth in the East African Community states from 1997 to 2019.
Design/methodology/approach
Autoregressive distributed lag is used. Gross domestic product per capita proxies economic growth, automated teller machines, point of sale, debit card ownership and mobile banking measure financial technology.
Findings
The results unveil a significant relationship between financial technology and economic growth. The findings show bidirectional causality between automated teller machine and economic growth, with unidirectional causation from economic growth to point of sales and internet banking, mobile banking and government effectiveness to economic growth. The error correction term is negatively significant, demonstrating a long-term convergence between Fintech measures and economic growth.
Research limitations/implications
The governments should effectively enact and implement policies that protect investments in financial technologies to boost economic growth in the East African Community countries. The government should reduce taxes on financial technology equipment and related services. The use of automated teller machine, debit card ownership and internet banking should be encouraged through cashless transactions. Financial institutions should adopt cashless operation policies to encourage the use of financial technologies.
Originality/value
Research results on the bond between financial technology and economic growth are not conclusive. These studies demonstrate that technological innovations are double edged-swords, with both positive and negative sides. The results are conflicting; some reveal positive relationships, while others show negative links. Hence, research is required to fill the lacuna.
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Bappaditya Biswas and Abhijeet Bag
It is a well-known fact that economic development and rise in the volume of trade due to globalization have led to more production which has further led to the increase in the…
Abstract
It is a well-known fact that economic development and rise in the volume of trade due to globalization have led to more production which has further led to the increase in the emission of carbon dioxide in the environment. Under the backdrop, the aim of this chapter is to examine the relationships among per capita CO2 emissions as the proxy for exploitation of the environment with international trade and per capita GDP in India. It analyzed cointegration and short-run causal relationships between the variables based on a time series data set for the period of 1979–2018. The data found to be stationary at first integration; hence the researchers ran cointegration. The study found that the carbon emissions are an outcome of economic growth and more and more trade with the foreign countries.
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Ekrem Tufan, Türker Savaş and Mithat Atabay
Introduction: It is commonly observed that the ratio of food prices during the war times had become significantly more important than usual periods within the countries including…
Abstract
Introduction: It is commonly observed that the ratio of food prices during the war times had become significantly more important than usual periods within the countries including Turkey, known as the Ottoman Empire that previously defeated in Balkans just before the Great World War. The scope of the study is to analyze increased or decreased wheat prices together with price fluctuations during the war period.
Aim: This study investigates the food pricing progress during The Great World War and its relationship with wheat prices.
Method: A model for the behavior of time series is applied to compare the important days of the war data against the timeline of wheat prices for British, German, and French. The statistical test named Holt–Winters uses exponential smoothing technique to encode the various values from the past and predicts “typical” values for the present and the future.
Findings: As a result, it can be said that wheat prices had anomaly patterns during the specific dates in war for French, British, and German sides. Great Britain’s wheat prices increased significantly on April 1915 when landings began on the Gallipoli Peninsula. Wheat prices in Great Britain and Germany dropped significantly just before on July 1916 when the first Battle of the Somme began. However, it increased in Great Britain whilst decreased considerably in Germany in March 1918 when the Soviet Government signed a separate peace agreement with the Central Powers. A significant increase for France was observed only at the end of this war.
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Tests a new series of models which attempt to describe the relationship between advertising and sales. Describes an attempt to obtain information of this kind by investigating the…
Abstract
Tests a new series of models which attempt to describe the relationship between advertising and sales. Describes an attempt to obtain information of this kind by investigating the effect of advertising on sales and brand shares. States that a number of researchers are now attempting to develop models to explain the workings of the market for a particular product. Emphasises that the prime area of interest of the study is the effect of advertising on sales and brand shares. States the study does not have the objective of constructing a complete marketing model involving all the variables that are thought to influence a brand's share of a product. Concludes that many results herein are disappointing, but it is perhaps too optimistic to expect the models dealt with earlier to be successful.
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Bingfei Gu, Pinying Gu and Guolian Liu
The purpose of this paper is to focus on how to automatically generate the individualized patterns for women’s suits based on the 3D body point-cloud images.
Abstract
Purpose
The purpose of this paper is to focus on how to automatically generate the individualized patterns for women’s suits based on the 3D body point-cloud images.
Design/methodology/approach
With the software Imageware, the point-cloud data of the female body were measured according to the female body feature to obtain the heights, widths, depths and girths at various landmarks. Then the relationship between the height of each landmark and the body height was analyzed to build the height calculation rules by software SPSS, and the prediction models of body girths were established from the body widths and depths using regression analysis for pattern generation.
Findings
The pattern generation rules were built with the relationships between a human body and the garment patterns using the graphic flattening method. Based on the above rules, the final patterns were drafted automatically by using these dimensions to fit the subjects. The try-on experiment also showed that the individualized suits could fit the subjects’ body well at some feature landmarks.
Originality/value
In order to realize tailor-made and meet the consumers’ demands for individualized clothes, the development of garment CAD system has become inevitable in the garment industry. This paper could provide the foundation for automatic pattern generation, and technical support for tailor-made.
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S. FRED CALHOUN and GEORGE P. MURPHY
This paper is a summary of the work done at Rock Island Arsenal on additives for greases. It covers antioxidants, antiwear and extreme pressure agents and rust preventive…
Abstract
This paper is a summary of the work done at Rock Island Arsenal on additives for greases. It covers antioxidants, antiwear and extreme pressure agents and rust preventive additives. No attempt is made to list the results of all additives tested. Instead the additives are divided into groups of related compounds and the results of typical, ones given. A general evaluation of each group as a whole is given, Classes of compounds which proved good as antioxidants were metal dithiocarbamates, amino‐phenyl ethers, phenylene‐diamines, methane derivatives and certain hindered phenols and di‐substituted amines. The temperature barrier was the major obstacle for the anti‐oxidants and only 9 of the 100 or so which were effective at 21()°F, were equally effective at 250°F. Sulfur, chlorine, and lead‐containing additives were the best for extreme pressure improvement. Those containing only phosphorous were belter for antiwear. Improvements in both properties could be obtained by mixing the additives. Improvement in either property seemed to depend, more upon the type of compound than upon the responsible element. For example, all sulfur containing compounds were not equal in extreme pressure properties. Some of the antiwear and extreme pressure additives were tested for their ability to reduce fretting corrosion. Results indicate that sulfur containing compounds reduce fretting while, compounds containing only phosphorous increased it. Results are given which indicate that molybdenum disulfide added to greases is detrimental to wear at lower loadings. It does improve the extreme pressure abilities of the grease. Us presence in a grease increases the rusting tendencies of greases unless an antirust agent is also present.
Jyoti Dixit, Poonam Singh and Arunima Haldar
Takeovers play a critical role as an external corporate governance mechanism to ensure investor protection. There is a long-standing debate on whether the convergence of corporate…
Abstract
Purpose
Takeovers play a critical role as an external corporate governance mechanism to ensure investor protection. There is a long-standing debate on whether the convergence of corporate governance to global standards can enable emerging economies to ensure investor protection. This paper aims to analyse the evolution of the takeover code, namely, Securities Exchange Board of India’s Substantial Acquisition of Shares and Takeovers (2011) in India from the lens of investor protection. It then compares the takeover provisions in India, the USA, the UK, Singapore and Australia to examine the extent of convergence and its implications for investor protection.
Design/methodology/approach
Using a cross-national comparative analysis of takeover mechanisms in common law countries, the study analyses the extent and relevance of convergence in form. The focus of the comparison is on regulations governing offer size, offer price, creeping acquisition and initial trigger limit for the mandatory open offer.
Findings
The findings suggest that certain provisions such as the initial trigger threshold for the mandatory offer and the offer prices of the Indian takeover code are converging with the standards in common law countries. However, the offer price determination based on market prices may not reflect true market value in an inefficient market like India. Other provisions such as creeping acquisition and offer size are not only diverging from the international standards but are also inconsistent with the key objective of investor protections of the Indian regulator.
Research limitations/implications
Indian takeover regulation needs to converge to higher global standards to ensure adherence to improved investor protection. This needs to be done for the initial trigger limit for mandatory bid and offer prices, after accounting for the differences in institutional structure. The Indian regulators need to revisit provisions on the initial trigger, creeping acquisition to converge to the broader principle of investor protection.
Originality/value
This technical paper provides a comprehensive depiction of takeover mechanisms in an emerging economy context as a means of investor protection. Further using a comparative lens, it analyses the relevance of convergence of takeover laws. Thus, advances the theoretical knowledge of limited extant work on external corporate governance mechanism in an emerging economy context.
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