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Book part
Publication date: 27 November 2017

Hung-Chi Li, Syouching Lai, James A. Conover, Frederick Wu and Bin Li

Lai, Li, Conover, and Wu (2010) propose a four-factor financial distress model to explain stock returns in the U.S. and Japanese markets. We examine this model in the…

Abstract

Lai, Li, Conover, and Wu (2010) propose a four-factor financial distress model to explain stock returns in the U.S. and Japanese markets. We examine this model in the stock markets of Australia, and six Asian markets (Hong Kong, Indonesia, Korea, Malaysia, Singapore, and Thailand). We find broad empirical support for the four-factor financial distress risk asset-pricing model in those markets. The four-factor financial distress asset pricing model improves explanatory power beyond the Fama–French (1993) three-factor asset pricing model in six of the seven Asian-Pacific markets (12 of 14 portfolio groupings), while the Carhart (1997) momentum-based asset pricing model only improves explanatory power beyond the Fama–French model in three of the seven markets (4 of 14 portfolio groupings).

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Growing Presence of Real Options in Global Financial Markets
Type: Book
ISBN: 978-1-78714-838-3

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Book part
Publication date: 8 November 2003

Elizabeth F Vann

This essay examines a common assertion among middle-class shoppers in Ho Chi Minh City, Vietnam, that place of manufacture, rather than brand markers, largely determines…

Abstract

This essay examines a common assertion among middle-class shoppers in Ho Chi Minh City, Vietnam, that place of manufacture, rather than brand markers, largely determines the quality of goods. For shoppers in Ho Chi Minh City, unity of place, people, raw materials, and trade secrets at the source – a corporation’s home country – is essential to the production of high quality goods. This stands in contrast to the brand logic through which corporations outsource their production presumably without compromising product quality. By privileging production sites over brands, shoppers in Ho Chi Minh City interpret the recent increase of famous foreign brand name goods in Vietnam as an increase of domestic, rather than foreign goods.

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Anthropological Perspectives on Economic Development and Integration
Type: Book
ISBN: 978-0-76231-071-5

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Article
Publication date: 14 December 2020

Beth Marsden

This paper draws on the archival records of the Victorian Education Department, literature produced by the governing authority of Tally Ho (the Central Mission), and…

Abstract

Purpose

This paper draws on the archival records of the Victorian Education Department, literature produced by the governing authority of Tally Ho (the Central Mission), and newspaper reports produced in the mid-20th century about school and education at Tally Ho. This paper also draws on material from the Victorian Aborigines Welfare Board and the Northern Territory Department of Welfare, as well as two historical key government inquiries into the institutionalisation of children.

Design/methodology/approach

This paper uses Tally Ho Boys’ Training Farm as a case study to examine the intersection of welfare systems, justice systems and schooling and education for Aboriginal children in institutions like Tally Ho in the mid-20th century. Further, it provides perspectives on how institutions such as Tally Ho were utilised by governments in Victoria and the Northern Territory to pursue different agendas – sometimes educational – particular to Aboriginal children. This paper also explores how histories can be reconstructed when archives are missing or silent about histories of Aboriginal childhood.

Findings

This paper demonstrates how governments used Tally Ho to control and govern the lives of Aboriginal children. By drawing together archives from a range of bodies and authorities who controlled legislation and policies, this paper contributes new understandings about the role of institutions in Victoria to the assimilation policies of Victoria and the Northern Territory in the mid-20th century.

Originality/value

Scholarship on the institutionalisation of children in the post-war era in Victoria, including the ways that schooling and justice systems were experienced by children living in care, has failed to fully engage with the experiences of Aboriginal children. Historians have given limited attention to the experiences of Aboriginal children living in institutions off Aboriginal reserves in Victoria. There has been limited historical scholarship examining the experiences of Aboriginal and Torres Strait Islander children at Tally Ho. This paper broadens our understandings about how Aboriginal children encountered institutionalisation in Victoria.

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History of Education Review, vol. 50 no. 2
Type: Research Article
ISSN: 0819-8691

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Article
Publication date: 1 September 1998

Tom W. Miller, Bernell Stone and Harold R. Silver

Discusses arbitrage pricing theory as a multifactor model for explaining rates of return on securities; and the use of principal components analysis to reduce the number…

Abstract

Discusses arbitrage pricing theory as a multifactor model for explaining rates of return on securities; and the use of principal components analysis to reduce the number of variables studies. Applies these ideas to returns on treasury bills and government bonds for 1,000 business days ending in March 1997 to obtain a set of three endogenous factors for the term structure of interest rates, forecasts returns for one‐day and 30‐day horizons and produces a time series of the forecast errors for eight short‐term interest rates. Compares the results with those from a single factor autoregessive forecasting model and finds that although their accuracy is similar for short horizons, the multifactor model is superior for longer horizons and shorter time to maturity.

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Managerial Finance, vol. 24 no. 9/10
Type: Research Article
ISSN: 0307-4358

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Article
Publication date: 1 March 1994

Thomas H. Patten

Is organization development (OD) culture‐bound to American and Western applied behavioral science or exportable? There is evidence that one concept and set of techniques…

Abstract

Is organization development (OD) culture‐bound to American and Western applied behavioral science or exportable? There is evidence that one concept and set of techniques (called ho'oponopono), which were developed in ancient Hawaii but are still practiced today, have close parallels to OD techniques in conflict management used by pace‐setting American corporations. Ho'oponopono is apparently culturally transferable. Thus OD has been uniquely addressed in a culture far removed from urban‐industrial America and is, with minor adaptations, applicable to contemporary corporations. Perhaps OD‐and certainly at least the ho'oponopono methodology for conflict management—can be made culturally fungible. The paper concludes with an explanation of how this transferability can be made in ho'oponopono.

Details

The International Journal of Organizational Analysis, vol. 2 no. 3
Type: Research Article
ISSN: 1055-3185

Open Access
Article
Publication date: 23 April 2020

Sonny S.H. Lo

This paper aims at comparing and contrasting the Ao Man-long scandal with the Ho Chio-meng case in Macau, drawing lessons from the two events and casting lights on the…

Abstract

Purpose

This paper aims at comparing and contrasting the Ao Man-long scandal with the Ho Chio-meng case in Macau, drawing lessons from the two events and casting lights on the literature on corruption scandals.

Design/methodology/approach

The study used documentary research and interpretative and analytical approaches.

Findings

The two cases show considerable administrative discretion on the part of the principal officials involved, and remedial measures along the line of having more rigorous and frequent internal auditing may be necessary.

Originality/value

Original analyses were conducted together with literature review and documentary research. This paper would be of interest to scholars and practitioners concerned with how Macau combats corruption.

Details

Public Administration and Policy, vol. 23 no. 1
Type: Research Article
ISSN: 1727-2645

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Article
Publication date: 1 May 2005

Hesham A.E. Magd

Purpose: This paper contains an evaluation of the results from a survey on ISO 9000 certified hotels in Egypt. This study is focused on factors influencing the choice of…

Abstract

Purpose: This paper contains an evaluation of the results from a survey on ISO 9000 certified hotels in Egypt. This study is focused on factors influencing the choice of the registration agency; problems with registration agencies; satisfaction level with the registration agencies and the use of training and consultancy in achieving the certification. Design/methodology/approach: Postal survey was used in this study to gather the required data from a sample size of 40 certified large hotels in Egypt. The sample was drawn from a list provided by ISO 9000 certification office in Egypt. A response rate of 60 per cent was achieved. Findings: The certified hotels in Egypt performed well in their registration process and benefited from ISO implementation. They were using their registration agencies for private consultancy and it has been recommended that they should avoid using their registration agencies for private consultancy as this creates conflict of interest and constitutes a violation of ISO 62. Originality/value: Adds to the body of knowledge concerning the ISO 9000 registration agencies in the service sector with particular focus on Egypt.

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Management Research News, vol. 28 no. 5
Type: Research Article
ISSN: 0140-9174

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Article
Publication date: 1 October 2003

Avital Bechar and Yael Edan

Automatic target recognition in agricultural harvesting robots is characterized by low detection rates and high false alarm rates due to the unstructured nature of both…

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Abstract

Automatic target recognition in agricultural harvesting robots is characterized by low detection rates and high false alarm rates due to the unstructured nature of both the environment and the objects. To improve detection human‐robot collaboration levels were defined and implemented. The collaboration level is defined as the level of system autonomy or the level at which the human operator (HO) interacts with the system. Experimental results on images taken in the field indicate that collaboration of HO and robot increases detection and reduces the time required for detection.

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Industrial Robot: An International Journal, vol. 30 no. 5
Type: Research Article
ISSN: 0143-991X

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Article
Publication date: 20 March 2020

Muhammad Shafiq and Kullapa Soratana

purpose of this study is to present a Lean Readiness Assessment Model (LRAM) for assessing the readiness of Humanitarian Organizations (HO) for adopting Lean Management…

Abstract

Purpose

purpose of this study is to present a Lean Readiness Assessment Model (LRAM) for assessing the readiness of Humanitarian Organizations (HO) for adopting Lean Management (LM) (Johanson et al.) practices. Literature reveals that implementation of LM itself is a cost and most organizations have failed to adopt LM techniques due to a non-readiness status and a non-supportive organizational culture. This situation indicates that the assessment of organizations' readiness before implementation of lean techniques is necessary.

Design/methodology/approach

This was an empirical quantitative study. Based on a synthesis of the literature, a conceptual model was developed by identifying seven critical success factors (CSFs). The CSFs were validated by HO professionals via a questionnaire-based survey. The data from the responses were analysed by applying partial least square structured equation modelling (PLS-SEM) using the SmartPLS3 software.

Findings

A proven LRAM was constructed that consists of CSFs (independent and mediating variables), which have reflected positive coefficients and significant t >1.96 and p < 0.05 values. The CSFs that are significant include process management, planning and control management, customer relationship management, human resource management, communication and coordination management and a positive organizational culture. The CSFs of supplier relationship and top management and leadership had insignificant t and p values and were dropped from the final LRAM.

Originality/value

This is a unique and rare study in its nature which developed LRAM for HO sector. The contribution of this model is to improve the efficiency and sustainability (economic and social aspects) of an HO under scarce resource conditions.

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Article
Publication date: 27 March 2008

P.J. Coelho and D. Aelenei

This paper sets out to implement bounded high‐order (HO) resolution schemes in a hybrid finite volume/finite element method for the solution of the radiative transfer equation.

Abstract

Purpose

This paper sets out to implement bounded high‐order (HO) resolution schemes in a hybrid finite volume/finite element method for the solution of the radiative transfer equation.

Design/methodology/approach

The hybrid finite volume/finite element method had formerly been developed using the step scheme, which is only first‐order accurate, for the spatial discretization. Here, several bounded HO resolution schemes, namely the MINMOD, CLAM, MUSCL and SMART schemes, formulated using the normalized variable diagram, were implemented using the deferred correction procedure.

Findings

The results obtained reveal an interaction between spatial and angular discretization errors, and show that the HO resolution schemes yield improved accuracy over the step scheme if the angular discretization error is small.

Research limitations/implications

Although the HO resolution schemes reduce the spatial discretization error, they do not influence the angular discretization error. Therefore, the global error is only reduced if the angular discretization error is also small.

Practical implications

The use of HO resolution schemes is only effective if the angular refinement yields low‐angular discretization errors. Moreover, spatial and angular refinement should be carried out simultaneously.

Originality/value

The paper extends a methodology formerly developed in computational fluid dynamics, and aimed at the improvement of the solution accuracy, to the hybrid finite volume/finite element method for the solution of the radiative transfer equation.

Details

International Journal of Numerical Methods for Heat & Fluid Flow, vol. 18 no. 2
Type: Research Article
ISSN: 0961-5539

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