Search results

1 – 10 of 32
Article
Publication date: 4 September 2020

Muhammad Jufri Marzuki and Graeme Newell

Mexico REITs are a significant and important REIT market, both in a regional and in emerging property market context. As one of the few emerging economies in the world with an…

Abstract

Purpose

Mexico REITs are a significant and important REIT market, both in a regional and in emerging property market context. As one of the few emerging economies in the world with an active REIT market, Mexico REITs are specifically designed to provide an effective pathway to participate in the investment opportunities offered by the Mexico commercial property market for both domestic and international investors. Importantly, Mexico REITs provide additional property investment benefits such as a high degree of transparency, governance and liquidity. The main focus of this research is to highlight the significance of Mexico REITs and assess their performance dynamics, as well as the added-value benefits of Mexico REITs in mixed-asset investment portfolios.

Design/methodology/approach

Using monthly total returns, the risk-adjusted performance and portfolio diversification potential of Mexico REITs over April 2011–December 2019 were assessed. A constrained mean-variance portfolio optimisation framework was used to develop a three-asset portfolio scenario using the historical returns, risk and correlation of Mexico REITs and the other two major financial assets.

Findings

Despite being more volatile than the mainstream asset classes, Mexico REITs delivered the strongest risk-adjusted performance versus stocks and bonds over April 2011–December 2019, which was made possible by the high premium of their total return performance. Notably, Mexico REITs offered excellent diversification potential with bonds, whilst demonstrating a marginal positive correlation with the stock market. These investment attributes of Mexico REITs have brought immediate benefits towards their ability to add value to the Mexico mixed-asset portfolio fabric across a wide portfolio risk–return spectrum.

Practical implications

Whilst their initial establishment in 2004 was considered unsuccessful, the ongoing regulatory improvements have been pivotal in providing a supportive investment environment to nurture the organic growth of Mexico REITs. This now sees the Mexico REIT market as an exemplar of success for REIT establishments amongst its peers in the Latin American region, as well as for emerging economies worldwide. Mexico REITs are now an important REIT market, as the second largest emerging REIT market in the world. The empirical investigation of this research has established the investment attributes of Mexico REITs as a listed property investment vehicle. The strong risk-adjusted performance of Mexico REITs compared to stocks and bonds sees Mexico REITs contributing to the mixed-asset portfolio across the portfolio risk–return spectrum. This is particularly important as it provides insights into the broader strategic implications of Mexico REITs as an effective, transparent and tax-efficient conduit for high-quality Latin American property exposure in a liquid format.

Originality/value

This paper is the first published empirical research that elucidates the investment attributes of Mexico REITs, highlighting their significance, risk-adjusted and portfolio performance enhancement role as an emerging REIT market. The main outcome of this research enables empirically validated, more informed and practical property investment decision-making regarding the strategic role of Mexico REITs in an investment portfolio.

Details

Journal of Property Investment & Finance, vol. 39 no. 4
Type: Research Article
ISSN: 1463-578X

Keywords

Article
Publication date: 1 April 1950

Professore Angelo Mariotti

Le imprese di trasporto aereo ed automibilistico ci hanno domandato un Corso di istruzione per ausiliarie di linea (non abbiamo una parola italiana che corrisponda esattamente al…

Abstract

Le imprese di trasporto aereo ed automibilistico ci hanno domandato un Corso di istruzione per ausiliarie di linea (non abbiamo una parola italiana che corrisponda esattamente al concetto di «hostess»); da altre parti invece ci sono stati chiesti piuttosto elementi di ricezione, per lo più designati con la qualifica di «accompagnatrici turistiche». Orbene, mentre la parola «hostess» non si presta ad equivoci, il termine «accompagnatrici turistiche» avrebbe potuto ingenerare qualche perplessità sia nel campo delle guide autorizzate che potrebbero temere un'illecita concorrenza da parte di elementi che non hanno subito il vaglio degli appositi esami, sia nel campo delle stesse agenzie di viaggi, che sono giustamente gelose del loro personale già qualificato ed esperto. Ho preferito quindi la denominazione di «informatrici turistiche» per eliminare ogni ragione di malinteso; e l'abinamento della preparazione delle hostesses e delle informatrici — pur determinando nei rispettivi insegnamenti una distinzione di cognizioni e di compiti — sta appunto ad indicare che le une e le altre sono chiamate a svolgere una funzione complementare e sussidiaria dell'attività delle guide e dei funzionari di Agenzie di viaggi, senza menomamente interferire nella specifica rispettiva zona di competenze.

Details

The Tourist Review, vol. 5 no. 4
Type: Research Article
ISSN: 0251-3102

Expert briefing
Publication date: 12 November 2018

AMLO announced the project would be mothballed on October 29, following an ad hoc public consultation carried out between October 25 and 28. The new administration will instead…

Article
Publication date: 13 March 2020

Syed Zameer Hussain, Mushtaq Beigh, Tahiya Qadri, Imtiyaz Ahmad and Bazila Naseer

The purpose of the present study was to develop low Glycemic Index (GI) crackers from water chestnut flour (WCF) and barley flour (BF).

Abstract

Purpose

The purpose of the present study was to develop low Glycemic Index (GI) crackers from water chestnut flour (WCF) and barley flour (BF).

Design/methodology/approach

Five blends were prepared by mixing WCF with BF in the proportion of 100:0, 70:30, 50:50, 30:70 and 0:100, respectively. The baking process as well as ingredients were modified for the production of low GI crackers.

Findings

BF incorporation had significant (p < 0.05) effect on physical characteristics, organoleptic attributes and glycemic response of crackers. The resistant starch content of final product was found to be higher than WCF and BF. The research confirmed that replacement of 30 percent WCF with BF is feasible for development of low GI crackers with desired sensory attributes. The inference drawn from storage studies was that the developed crackers can be stored safely (with an overall acceptability score of greater than three on a 5-point scale) in metallized polyethylene up to 35 days under refrigerated conditions and 28 days under ambient conditions.

Research limitations/implications

Although low GI crackers were developed successfully from WCF and BF in the present study. However, detailed storage studies of such crackers can be done in future so as to perform the tests of type-intensity and temporal dominance of sensation. Also, in view of their low GI, these crops need to be evaluated in future for development of other bakery products like bread, cake, muffins, etc.

Practical implications

Water chestnut and barley despite having good nutritional profile and low GI are still considered as underutilized crops. In the present study, these crops were explored for development of low GI crackers especially for people suffering from diabetes. The outcome of this study will open up a new window in the baking sector to develop low GI crackers viz-a-viz will add value to these crops which will help to provide remunerative returns to those who are directly or indirectly involved in trade of these underutilized crops.

Originality/value

This was the first reported innovative attempt to develop low GI crackers from WCF and BF. For development of crackers having desired sensory characteristics, it was found feasible to blend WCF and BF in the ratio of 70:30.

Details

British Food Journal, vol. 122 no. 4
Type: Research Article
ISSN: 0007-070X

Keywords

Article
Publication date: 1 June 2021

Bazila Naseer, Haroon Rashid Naik, Syed Zameer Hussain, Tashooq Bhat and Abdul Rouf

Low glycemic index gluten-free cookies from high amylose rice flour were prepared by modifying baking conditions and ingredient composition.

Abstract

Purpose

Low glycemic index gluten-free cookies from high amylose rice flour were prepared by modifying baking conditions and ingredient composition.

Design/methodology/approach

Baking temperature, baking time, and concentration of carboxymethyl cellulose (CMC) were varied between 170 and 190° C, 12–25 min, and 0.2–1%, respectively, using central composite rotatable design. The developed cookies were packed in metalized polyester pouches and stored under ambient conditions for a period of 90 days.

Findings

Width and bulk density of cookies increased significantly (p < 0.05) with an increase in baking temperature, while thickness, baking loss and yield decreased with an increase in baking temperature. Puffiness increased predominantly with the increase in the concentration of CMC. Design expert predicted baking temperature of 185° C, baking time of 22 min, and 0.8% concentration of CMC as desirable conditions for the development of gluten-free cookies from rice flour. Cookies developed after following optimized conditions recorded dietary fiber of 4.66%, resistant starch (RS) content of 7.20% and predicted glycemic index (pGI) of 44.60. RS, pGI, moisture, water activity, free fatty acids and peroxide value increased significantly, whereas hardness and overall acceptability decreased during storage.

RPractical implications

Gluten-free (GF) foods are in high demand globally due to the prevalence of celiac disease. Rice lacks gluten protein, and thus, can serve as a potential raw material for the development of GF cookies. In the present study, the ingredient modification and freezing interventions during baking were found to be crucial if the development of low GI gluten-free cookies having good RS content is targeted. Optimized GF cookies prepared via technological intervention and packed in metalized polyester were shelf stable for up to 3 months under ambient conditions. Furthermore, resistant starch content was enhanced while the predicted glycemic index was decreased during storage. Adoption of baking conditions and CMC level optimized in the present study can help to develop shelf-stable GF bakery products for people suffering from comorbidities like celiac disease and diabetes.

Originality/value

Resistant starch content was enhanced while predicted glycemic index was decreased during storage of gluten-free cookies prepared from high amylose rice flour. The developed cookies can be a complementary diet to people suffering from comorbidities like celiac disease and diabetes.

Details

British Food Journal, vol. 123 no. 12
Type: Research Article
ISSN: 0007-070X

Keywords

Article
Publication date: 1 October 1990

Every 5 years residents of Brunswick Square and Terrace, Hove, are obliged to restore and repaint their historic buildings. The area has been described as one of the finest…

Abstract

Every 5 years residents of Brunswick Square and Terrace, Hove, are obliged to restore and repaint their historic buildings. The area has been described as one of the finest examples of Regency and early Victorian architecture in the country. So the choice of coating to use is obviously critical.

Details

Pigment & Resin Technology, vol. 19 no. 10
Type: Research Article
ISSN: 0369-9420

Article
Publication date: 1 April 1986

Julia M. Rholes and Jean Kellough

On 13 July 1974, President Nixon signed a proclamation declaring the week of 20 July National Space Week, in honor of man's landing on the moon on 20 July 1969. Although the lunar…

Abstract

On 13 July 1974, President Nixon signed a proclamation declaring the week of 20 July National Space Week, in honor of man's landing on the moon on 20 July 1969. Although the lunar landing was certainly the emotional high point for the American space program, interest in space remains quite high, as evidenced by the tremendous popularity of films and books on the subject. The intention of this article is to provide readers with a guide to materials that serve to focus attention on space exploration, not only during Space Week, but throughout the year.

Details

Reference Services Review, vol. 14 no. 4
Type: Research Article
ISSN: 0090-7324

Article
Publication date: 28 April 2020

Francisco Urdinez

The purpose of this paper is to discuss the motivations behind the accession of Latin American countries to the Asian Infrastructure Investment Bank (AIIB) with a focus on the…

Abstract

Purpose

The purpose of this paper is to discuss the motivations behind the accession of Latin American countries to the Asian Infrastructure Investment Bank (AIIB) with a focus on the cases of Brazil and Chile.

Design/methodology/approach

The author collected data using a case study methodology, primarily through semi-structured interviews with decision-makers and through official government documentation.

Findings

The findings identified that, overall, the Brazilian politicians who made the decision to join the bank had an unclear perception of its economic benefit and believed that the clearest benefit from accession is political (to support China's initiative). After years of domestic political turmoil and economic crisis, Brazil experienced delayed incorporation into the bank, slow ratification processes in the domestic arena and a reduction in its capital commitment. Chilean decision-makers, on the other hand, seemed to have a clearer idea of the benefits from accessing the bank, which explains that their ratification process has been faster and smoother. Yet, a surprising socio-political crisis delayed incorporation into the bank. Both countries have delayed their accession to the bank due to domestic crises.

Practical implications

Three policy implications can be drawn from this study. First, the entry of Latin American countries into the bank reflects the persuasiveness of Chinese diplomacy in this region. Second, the author finds that interviewees are not always able to differentiate the AIIB from the Belt and Road Initiative (BRI) and hold the misguided idea that the AIIB is subordinated to the BRI rather than complementary to it. This might set overly high expectations of the benefits of entering the AIIB. Third, the author foresees that the largest potential of the AIIB in Latin America lies in the possibility of participating in co-financed projects, in particular with the Inter-American Development Bank and the Development Bank of Latin America.

Originality/value

Research on the AIIB has boomed in recent years, yet there are few in-depth studies about Latin American prospective members. The value of this study lies in offering in-depth data for two of the eight prospective members from this region.

Details

Asian Education and Development Studies, vol. 10 no. 3
Type: Research Article
ISSN: 2046-3162

Keywords

Article
Publication date: 10 June 2013

Cristian Geldes and Christian Felzensztein

The purpose of this article is to analyse the characteristics and determinants of marketing innovation in companies, using the agribusiness sector as a case study due its economic…

12387

Abstract

Purpose

The purpose of this article is to analyse the characteristics and determinants of marketing innovation in companies, using the agribusiness sector as a case study due its economic and social importance in Latin America.

Design/methodology/approach

Data refer to the VI Innovation Survey undertaken in Chile (2010), based on the OECD guidelines. The authors compare the determinants of innovation in marketing, first among the agribusiness sector and other sectors of the economy, and then comparing their determinants using logistic regressions on other types of innovations in the agribusiness sector.

Findings

There are differences in the determinants of marketing innovation between agribusiness and other economic sectors. Also, there are differences in relation to the organisational, process and product innovations in the agribusiness sector.

Research limitations/implications

The results imply the need for further study of marketing innovation and its relationship to other innovations considering different economic sectors and territories.

Practical implications

Business strategies and public programs that promote innovation should consider the differences between types of innovations.

Originality/value

This paper highlights and differentiates the marketing innovation with respect to other types of innovations—a topic not widely developed, especially in the agribusiness sector and in emerging countries.

Propósito

El propósito de este artículo es analizar las características y determinantes de la innovación de marketing en empresas, tomando como estudio de caso el sector de agronegocios, de importancia económica y social en Latinoamérica.

Diseño/metodología/enfoque

Los datos corresponden a la VI Encuesta de Innovación de Chile (2010), basada en los lineamientos de la OECD. Se comparan los determinantes de las innovaciones en marketing, primero entre el sector de agronegocios y conjunto de otros sectores de la economía, para luego comparar mediante regresiones logísticas sus determinantes respecto de otros tipos de innovaciones en el sector de agronegocios.

Hallazgos

Se establecen diferencias en los determinantes de la innovación en marketing entre el sector de agronegocios y conjunto de otros sectores de la economía, así como respecto de las innovaciones organizacionales, de procesos y productos para el sector de agronegocios.

Limitaciones/implicancias de la investigación

Los resultados implican la necesidad de profundizar el estudio de la innovación en marketing y sus interrelaciones con otras innovaciones considerando distintos sectores económicos y territorios.

Implicaciones prácticas

Las estrategias empresariales para fomentar la innovación, así como los programas públicos debieran considerar las diferencias entre tipos de innovaciones.

Originalidad/valor

Este artículo destaca y diferencia la innovación en marketing de otros tipos de innovaciones, que es un tópico con poco desarrollo, especialmente en el sector de agronegocios y en países emergentes.

Content available
Book part
Publication date: 24 July 2020

Abstract

Details

Strategy, Power and CSR: Practices and Challenges in Organizational Management
Type: Book
ISBN: 978-1-83867-973-6

1 – 10 of 32