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Article
Publication date: 22 May 2007

Abeyratna Gunasekarage and Hung Wan Kot

The purpose of this paper is to examine the profitability of return‐based investment strategies in the New Zealand stock market; 16 such strategies are examined for the period…

Abstract

Purpose

The purpose of this paper is to examine the profitability of return‐based investment strategies in the New Zealand stock market; 16 such strategies are examined for the period from January 1995 to December 2004.

Design/methodology/approach

The paper shows that, at the end of each month of the sample period, every security is ranked in ascending order using their past J‐month formation period cumulative return (J=3, 6, 9 and 12). Then these securities are allocated to three groups; group 1 represents the loser portfolio, while group 3 represents the winner portfolio. Finally, equally weighted average returns of winner and loser portfolios are calculated over the next K‐month holding period (K=3, 6, 9, and 12). The statistical significance of the returns earned from buying winners and shorting losers is tested in order to determine the profitability of proposed strategies.

Findings

The findings in this paper show that a strong momentum effect, rather than a reversal effect, is present in this market. For example, the strategy, which is based on a six‐month portfolio formation period and a six‐month holding period, generates a monthly return of 1.14 per cent. These strategies are most profitable when they are based on formation and holding periods of three‐to‐six months. Further analyses reveal that the profits generated by such investment strategies cannot be explained by either the small firm effect or the January effect.

Originality/value

The main implication of this paper shows that buying past winners and selling past losers is profitable in the short to medium run in New Zealand.

Details

Pacific Accounting Review, vol. 19 no. 2
Type: Research Article
ISSN: 0114-0582

Keywords

Article
Publication date: 1 December 2004

George K. Stylios

Examines the tenth published year of the ITCRR. Runs the whole gamut of textile innovation, research and testing, some of which investigates hitherto untouched aspects. Subjects…

3702

Abstract

Examines the tenth published year of the ITCRR. Runs the whole gamut of textile innovation, research and testing, some of which investigates hitherto untouched aspects. Subjects discussed include cotton fabric processing, asbestos substitutes, textile adjuncts to cardiovascular surgery, wet textile processes, hand evaluation, nanotechnology, thermoplastic composites, robotic ironing, protective clothing (agricultural and industrial), ecological aspects of fibre properties – to name but a few! There would appear to be no limit to the future potential for textile applications.

Details

International Journal of Clothing Science and Technology, vol. 16 no. 6
Type: Research Article
ISSN: 0955-6222

Keywords

Article
Publication date: 1 December 2002

George K. Stylios

Looks at the eighth published year of the ITCRR and the research, from far and near, involved in this. Muses on the fact that, though all the usual processes are to the fore, the…

Abstract

Looks at the eighth published year of the ITCRR and the research, from far and near, involved in this. Muses on the fact that, though all the usual processes are to the fore, the downside part of the industry is garment making which is the least developed side. Posits that the manufacture of clothing needs to become more technologically advanced as does retailing. Closes by emphasising support for the community in all its efforts.

Details

International Journal of Clothing Science and Technology, vol. 14 no. 6
Type: Research Article
ISSN: 0955-6222

Keywords

Article
Publication date: 1 December 2003

George K. Stylios

Examines the ninth published year of the ITCRR. Runs the whole gamut of textile innovation, research and testing, some of which investigates hitherto untouched aspects. Subjects…

1211

Abstract

Examines the ninth published year of the ITCRR. Runs the whole gamut of textile innovation, research and testing, some of which investigates hitherto untouched aspects. Subjects discussed include cotton fabric processing, asbestos substitutes, textile adjuncts to cardiovascular surgery, wet textile processes, hand evaluation, nanotechnology, thermoplastic composites, robotic ironing, protective clothing (agricultural and industrial), ecological aspects of fibre properties – to name but a few! There would appear to be no limit to the future potential for textile applications.

Details

International Journal of Clothing Science and Technology, vol. 15 no. 6
Type: Research Article
ISSN: 0955-6222

Keywords

Open Access
Book part
Publication date: 29 September 2023

Giuseppe Bolotta

Thailand has seen waves of youth-led protests over the past three years. Pro-democracy youth activists have vociferously criticised authority figures: teachers, parents and…

Abstract

Thailand has seen waves of youth-led protests over the past three years. Pro-democracy youth activists have vociferously criticised authority figures: teachers, parents and political leaders, especially the king. Drawing on vignettes assembled over a 14-year ethnographic work with young people in Thailand, as well as on current research on youth (online and offline) activism in Bangkok, I examine the multi-layered meaning of kinship in Thai society. The chapter reveals the political nature of childhood and parenthood as entangled modes of governance that come into being with other, both local and international cultural entities. I argue that Thai youth activists are attempting to rework dominant tropes that sustain “age-patriarchy” in the Buddhist kingdom. Their “engaged siblinghood” aims to reframe Thailand's generational order, refuting the moral principles that establish citizens' political subordination to monarchical paternalism and, relatedly, children's unquestionable respect to parents. As I show, Thai youth activists are doing so by engaging creatively with transnational discourses such as “democracy” and “children's rights,” while simultaneously drawing on K-pop icons, Japanese manga and Buddhist astrology. In articulating their dissent, these youths are thus bearers of a “bottom-up cosmopolitanism” that channels culturally hybrid, and politically subversive notions of childhood and citizenship in Southeast Asia's cyberspace and beyond. Whatever the outcome of their commitment, Thai youth activism signals the cultural disarticulation of the mytheme of the Father in Thailand, as well as the growing political influence of younger generations in the region.

Details

The Emerald Handbook of Childhood and Youth in Asian Societies
Type: Book
ISBN: 978-1-80382-284-6

Keywords

Article
Publication date: 24 July 2024

Nasreddine Saadouli, Kameleddine Benameur and Mohamed Mostafa

Supply chain (SC) research has boomed over the past two decades. Significant contributions have been made to the field from various analytical and decision-making perspectives…

Abstract

Purpose

Supply chain (SC) research has boomed over the past two decades. Significant contributions have been made to the field from various analytical and decision-making perspectives. This paper, a comprehensive bibliometric study, aims to identify the key research contributors, institutions and themes.

Design/methodology/approach

A comprehensive knowledge domain visualization of over 1,000 articles, published between 2000 and 2022, is carried out to construct a bird’s eye view of the field in terms of research production, key authors, main publication outlets, geographic disparity of the contributions and emerging research trends. Additionally, collaboration patterns among researchers and institutions are mapped to highlight the communication networks underlying research initiatives.

Findings

Results show an explosive growth in the number of articles tackling supply chain optimization (SCO) issues with a significant concentration of the contributions in a relatively small cluster of authors, journals, institutions and countries. Among the many important findings, our analysis indicates that mixed-integer linear programming is the most commonly used model, while robust optimization is the method of choice for handling uncertainty. Furthermore, most SC models are developed at only one level of the organizational hierarchy and consider only one planning horizon. The importance of developing integrated SCO systems is key for future research.

Originality/value

The study fills the optimization techniques gap that exists in SC management bibliometric studies and presents a thematic map for the SCO research highlighting the various research foci.

Details

Journal of Modelling in Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1746-5664

Keywords

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