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Article
Publication date: 13 September 2022

Holly Price and Emily Glorney

To understand how females who had recently been street homeless made sense of their lived experience, seven women engaged in semi-structured interviews. This study aims to provide…

Abstract

Purpose

To understand how females who had recently been street homeless made sense of their lived experience, seven women engaged in semi-structured interviews. This study aims to provide an insight into the complexities of the gendered homeless experience, while using theories of trauma and victimisation to propose a new approach to understanding the cycle of female homelessness.

Design/methodology/approach

An interpretative phenomenological analysis approach was chosen to explore the phenomenon of female homelessness. Semi-structured interviews were conducted with a small homogenous sample of women recruited in a city in the south of England.

Findings

Two super-ordinate themes emerged: victimisation and trauma and the group and the individual. In the male-dominated world of homelessness, women were caught in a cycle of multiple traumatic loss, compounded by pervasive gender-based violence, struggles in identity and systematic control. Gendered, trauma-informed women’s homelessness services are required.

Practical implications

Findings demonstrate the desperate need for an expansion in female-only homelessness services. The lived experience of the participants adds to an evidence base, which is vital to inform effective trauma-informed gendered service provision.

Originality/value

Homelessness policies draw principally on the prevalent literature on men; the UK research with women is lacking. This study gives voice to a hidden population, using the lived experience of women to suggest a new model of female homelessness.

Details

The Journal of Forensic Practice, vol. 24 no. 4
Type: Research Article
ISSN: 2050-8794

Keywords

Article
Publication date: 7 April 2015

Shelley-Ann Marion McGee

This paper aims to examine whether authorized generics (AGs) have influenced prices and market shares in markets for molecules facing generic competition in South Africa. AGs…

Abstract

Purpose

This paper aims to examine whether authorized generics (AGs) have influenced prices and market shares in markets for molecules facing generic competition in South Africa. AGs (clones), which are identical to the originator brands, offer a solution for originator companies to protect their markets from independent generic (IG) competition. IG competitors have claimed that AGs have a negative impact on pricing and competition.

Design/methodology/approach

In a retrospective analysis, pricing and quantity data for 24 months post generic entry were extracted for oral solid dosage form products which experienced generic entry into their markets between 2005 and 2011, divided into “Authorized generic affected” and “no authorized generic” markets. A series of indices was calculated, as well as market shares of competing originator and generic products, and the number of generic competitors determined. Indices and market share data for clone affected and unaffected groups were tested at 6, 12, 18 and 24 months using unmatched t-tests, at a 95 per cent significance level.

Findings

None of the evaluated pricing indices showed a consistently significant difference existing between AG-affected and no-AG samples. The only variable for which the two samples consistently differed was market shares, with originator brands experiencing significantly more market share erosion in AG-affected markets. Pricing levels of generics and originator products as well as growth of numbers of generic competitors were similar in both AG-affected and no-AG groups.

Originality/value

A study of this nature on the impacts of AGs in the South African generics has not been previously published and reflects the situation particular to the country.

Details

International Journal of Pharmaceutical and Healthcare Marketing, vol. 9 no. 1
Type: Research Article
ISSN: 1750-6123

Keywords

Article
Publication date: 1 October 2004

John Westmancoat

41

Abstract

Details

Reference Reviews, vol. 18 no. 7
Type: Research Article
ISSN: 0950-4125

Keywords

Article
Publication date: 14 September 2012

Dean C.H. Wilkie, Lester W. Johnson and Lesley White

This research aims to provide an empirical comparison of the results of three brands' marketing defence strategies used in advance of generic brands entering the market. By…

2679

Abstract

Purpose

This research aims to provide an empirical comparison of the results of three brands' marketing defence strategies used in advance of generic brands entering the market. By reviewing the effectiveness of these strategies, this research looks to extend the research on marketing defence strategies into the importance of anticipating competitor launches.

Design/methodology/approach

A data set containing 243 weeks of scanned sales for 21 generic brands was used in a regression model aimed at measuring the effectiveness of each brand's defence strategies in deterring entry and limiting the market share of these generic brands.

Findings

The analysis shows that several marketing mix components were effective in limiting the impact of generic brands. What was critical to each component's success was ensuring that they were implemented before the launch of the generic brands.

Research limitations/implications

This research has the limitation of being confined to a category of pharmaceutical allergy brands, which limits generalisation of the findings.

Practical implications

The managerial relevance of this research has two parts. First, it will encourage managers to move from implementing strategies in reaction to a competitor launch to implementing strategies in advance of their entry. Second, it provides insights into the effectiveness of several strategic options for brands facing the entry of generic brands.

Originality/value

This study brings together literature regarding entry deterrence and market share loss prevention to help highlight the importance of proactive marketing defence strategies in reducing both the number of entrants and the amount of market share lost. It uses a data set to provide an empirical review of a range of marketing mix components used by pharmaceutical brands against low‐price generic brands.

Details

European Journal of Marketing, vol. 46 no. 9
Type: Research Article
ISSN: 0309-0566

Keywords

Article
Publication date: 5 November 2020

Hardik Marfatia

The studies on international housing markets have not modeled frequency domain and focused only on the time domain. The purpose of the present research is to fill this gap by…

Abstract

Purpose

The studies on international housing markets have not modeled frequency domain and focused only on the time domain. The purpose of the present research is to fill this gap by using the state-of-the-art econometric technique of wavelets to understand how differences in the horizon of analysis across time impact international housing markets’ relationship with some of the key macroeconomic variables. The purpose is to also analyze the direction of causation in the relationships.

Design/methodology/approach

The author uses the novel time–frequency analysis of international housing markets’ linkages to the macroeconomic drivers. Unlike conventional approaches that do not distinguish between time and frequency domain, the author uses wavelets to study house prices’ relationship with its drivers in the time–frequency space. The novelty of the approach also allows gaining insights into the debates that deal with the direction of causation between house price changes and macroeconomic variables.

Findings

Results show that the relationship between house prices and key macroeconomic indicators varies significantly across countries, time, frequencies and the direction of causation. House prices are most related to interest rates at the higher frequencies (short-run) and per capita income growth at the lower frequencies (long-run). The role of industrial production and income growth has switched over time at lower frequencies, particularly, in Finland, France, Sweden and Japan. The stock market’s nexus with the housing market is significant mainly at high to medium frequencies around the recent financial crisis.

Research limitations/implications

The present research implies that in contrast to the existing approaches that are limited to the only time domain, the frequency considerations are equally, if not more, important.

Practical implications

Results show that interested researchers and analysts of international housing markets need to account for the both horizon and time under consideration. Because the factors that drive high-frequency movements in housing market are very different from low-frequency movements. Furthermore, these roles vary over time.

Social implications

The insights from the present study suggest policymakers interested in bringing social change in the housing markets need to account for the time–frequency dynamics found in this study.

Originality/value

The paper is novel on at least two dimensions. First, to the best of the author’s knowledge, this study is the first to propose the use of a time–frequency approach in modeling international housing market dynamics. Second, unlike present studies, it is the first to uncover the direction of causation between house prices and economic variables for each frequency at every point of time.

Details

International Journal of Housing Markets and Analysis, vol. 14 no. 4
Type: Research Article
ISSN: 1753-8270

Keywords

Article
Publication date: 1 June 2015

Svein Olav Krakstad and Are Oust

This paper aims to investigate whether the homes in the Norwegian capital, Oslo, are overpriced. While house prices in many countries dropped after the financial crisis, those in…

1115

Abstract

Purpose

This paper aims to investigate whether the homes in the Norwegian capital, Oslo, are overpriced. While house prices in many countries dropped after the financial crisis, those in Norway have continued to increase. Over the past 20 years, real house prices in Oslo have increased by around 7 per cent yearly.

Design/methodology/approach

The authors use a vector error correction model to estimate the equilibrium between house prices, rents, construction costs and wages to examine whether house prices in Oslo are overpriced.

Findings

Long-term relationships between house prices, rents, construction costs and wages are found and used to estimate equilibrium house prices in Oslo. The overpricing in Oslo compared to estimated equilibrium prices is around 35 per cent.

Practical implications

Price–rent, price–construction cost and price–income ratios are often used, by practitioners to say something about over- or underpricing in the housing market. We test and find that house prices, rents and construction costs move toward constant ratios in the long run, while wages are found to be weakly exogenous in the system.

Originality/value

Our estimate of overpricing gives households, investors and policy-makers a better understanding of the risk associated with owning dwellings.

Details

International Journal of Housing Markets and Analysis, vol. 8 no. 2
Type: Research Article
ISSN: 1753-8270

Keywords

Article
Publication date: 1 February 1931

The report of the Chief Veterinary Officer of the Ministry of Agriculture and Fisheries which records the proceedings taken under the Diseases of Animals Act for the year 1929 has…

Abstract

The report of the Chief Veterinary Officer of the Ministry of Agriculture and Fisheries which records the proceedings taken under the Diseases of Animals Act for the year 1929 has just been issued. It indicates clearly the enormous amount and complexity of the work which devolves on the officers of the Ministry. They may very well say with John Wesley, “ All the world is my parish.” For instance in seven outbreaks of anthrax “ which …. occurred a few years ago,” the cause was found to be infected bone meal used as a manure and imported from an Eastern country (p. 43); another outbreak was traced to beans that had been imported from China (p. 44); again, special measures have been taken, at the instance of His Majesty's Government, by the Governments of Uruguay, Brazil, and Argentine to prevent the introduction of foot‐and‐mouth disease into this country by chilled or frozen meat (p. 46); an outbreak of foot‐and‐mouth disease at Los Angeles, California, led to an embargo being placed on the importation of hay and straw from that State (p. 52); while an outbreak in Southern Sweden led to similar steps being taken (p. 52). It is unnecessary to give further instances, but it is evident that the complexities of modern commerce and the development of rapid means of transport imposes world‐wide duties on the Ministry of a nature that were by no means contemplated when in 1865 the Veterinary Department of the Privy Council—of which the present Ministry is a lineal descendant—was instituted as a result of the outbreak of cattle plague which had ravaged the country. Table I. (p. 94) gives the total number of cattle in Great Britain for the five years 1925–1929 inclusive, each year ending in June. The percentage variation in the number of cattle during that time appears to be four per cent., so that the Ministry is responsible under the Act for about 7¼ millions of cattle, the 1929 return gives 7,190,539. The census and the subsequent co‐ordination of the returns made is in itself a task of no inconsiderable magnitude. In addition to this, however, veterinary skill of a high order is demanded, not only in the interests of a trade whose dimensions are indicated by the figures just given, but in the interests of public health in relation to notifiable cases, under the Act, of bovine tuberculosis. The number of cows and heifers in milk or in calf is given as 3,166,292 or 44 per cent. of the total number of bovine animals. It is of course from these that we derive our supplies of fresh milk, so that on their health our own health to a certain extent depends, and to a greater extent the health of invalids and children to whom milk is a prime necessity. It is therefore scarcely possible to over‐rate the weight of responsibility resting on the Ministry when the relation of its duties to the incidence of bovine tuberculosis is considered. Two important facts, however, demand attention. The first is that the Tuberculosis Order of 1925 was, as the Report points out, neither designed nor expected to eradicate bovine tuberculosis. The disease is widespread, and it is to be feared somewhat firmly established in our herds—an evil legacy from the past. The most that can be done at present is by means of the Order to remove as far as possible the danger to human health from the ingestion of the milk of infected animals and to reduce the number of these animals. Any attempt which might be made to completely eradicate the disease would in our present state of knowledge lead to a serious depletion of our herds throughout the country, and large expenditure in compensation (p. 23). In the second place while the Order of 1925 requires certain forms of the disease to be reported, no steps are at present taken or can be taken to search out the disease. An organisation designed so to do would be costly, as it would in the first place involve “ a considerable extension of periodical veterinary inspection of all dairy cows, coupled with the application of the biological test ” (p. 23). Hence leaving out of consideration our deficient knowledge of the disease, though its effects are horribly evident in our national life, the old conflict of public health versus public pocket is presented to us in an acute form.

Details

British Food Journal, vol. 33 no. 2
Type: Research Article
ISSN: 0007-070X

Article
Publication date: 24 August 2021

Tony McGough and Jim Berry

The financial and economic turmoil that resulted from the Global Financial Crisis (GFC), included a marked increase in the volatility in real estate markets. Property asset prices

Abstract

Purpose

The financial and economic turmoil that resulted from the Global Financial Crisis (GFC), included a marked increase in the volatility in real estate markets. Property asset prices were impacted by the real economy and market sentiment, particularly concerning the determination of risk. In an economic downturn, the perception of investment risk becomes increasingly important relative to overall total returns, and thus impacts on yields and performance of assets. In a recovery phase, and particularly within an environment of historically low government bonds, risk and return compete for importance. The aim of this paper is to assess the interrelationships and impacts on pricing between real estate risk, yield modelling outcomes and market sentiment in selective European city office markets.

Design/methodology/approach

This paper specifically considers the modelling of commercial property pricing in relation to the appetite for risk in the financial markets. The paper expands on previous work by determining a specific measure of risk pricing in relationship to changing financial market sentiment. The methodology underpinning the research specifically examines the scope for using national and international risk pricing within specific real estate markets in Europe.

Findings

This paper addresses whether there is a difference between the impact of risk on the pricing of real estate in international versus regional cities in Europe. The analysis, therefore, determines which city centre office markets in Europe have been most impacted by globalisation including the magnitude on real estate prices and market volatility. The outcome of the paper provides important insights into how changes in risk preferences in the international capital markets have driven and continues to drive yield movements under different market conditions.

Research limitations/implications

The paper considers the driving forces which have led to the volatile movements of yields, emanating from the GFC.

Practical implications

This paper considers the property market effects on pricing of commercial real estate and the drivers in selected European cities.

Originality/value

The outcome of the paper provides important insights into how changes in risk preferences in the international capital markets have driven and continue to drive the yield movements in different real estate markets in Europe.

Details

Journal of European Real Estate Research, vol. 15 no. 2
Type: Research Article
ISSN: 1753-9269

Keywords

Article
Publication date: 18 April 2024

Anton Salov

The purpose of this study is to reveal the dynamics of house prices and sales in spatial and temporal dimensions across British regions.

Abstract

Purpose

The purpose of this study is to reveal the dynamics of house prices and sales in spatial and temporal dimensions across British regions.

Design/methodology/approach

This paper incorporates two empirical approaches to describe the behaviour of property prices across British regions. The models are applied to two different data sets. The first empirical approach is to apply the price diffusion model proposed by Holly et al. (2011) to the UK house price index data set. The second empirical approach is to apply a bivariate global vector autoregression model without a time trend to house prices and transaction volumes retrieved from the nationwide building society.

Findings

Identifying shocks to London house prices in the GVAR model, based on the generalized impulse response functions framework, I find some heterogeneity in responses to house price changes; for example, South East England responds stronger than the remaining provincial regions. The main pattern detected in responses and characteristic for each region is the fairly rapid fading of the shock. The spatial-temporal diffusion model demonstrates the presence of a ripple effect: a shock emanating from London is dispersed contemporaneously and spatially to other regions, affecting prices in nondominant regions with a delay.

Originality/value

The main contribution of this work is the betterment in understanding how house price changes move across regions and time within a UK context.

Details

International Journal of Housing Markets and Analysis, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1753-8270

Keywords

Book part
Publication date: 18 January 2022

Arnab Bhattacharjee, Jan Ditzen and Sean Holly

The authors provide a way to represent spatial and temporal equilibria in terms of error correction models in a panel setting. This requires potentially two different processes…

Abstract

The authors provide a way to represent spatial and temporal equilibria in terms of error correction models in a panel setting. This requires potentially two different processes for spatial or network dynamics, both of which can be expressed in terms of spatial weights matrices. The first captures strong cross-sectional dependence, so that a spatial difference, suitably defined, is weakly cross-section dependent (granular) but can be non-stationary. The second is a conventional weights matrix that captures short-run spatio-temporal dynamics as stationary and granular processes. In large samples, cross-section averages serve the first purpose and the authors propose the mean group, common correlated effects estimator together with multiple testing of cross-correlations to provide the short-run spatial weights. The authors apply this model to the 324 local authorities of England, and show that our approach is useful for modeling weak and strong cross-section dependence, together with partial adjustments to two long-run equilibrium relationships and short-run spatio-temporal dynamics. This exercise provides new insights on the (spatial) long-run relationship between house prices and income in the UK.

Details

Essays in Honor of M. Hashem Pesaran: Panel Modeling, Micro Applications, and Econometric Methodology
Type: Book
ISBN: 978-1-80262-065-8

Keywords

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