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Article
Publication date: 3 April 2018

Yoko Nakagaki

This study aims to apply two recently discovered relationships that describe fertility recovery in developed countries to East Asia: the U-shaped relationship between fertility…

Abstract

Purpose

This study aims to apply two recently discovered relationships that describe fertility recovery in developed countries to East Asia: the U-shaped relationship between fertility and FLP (female labor participation) and the inverse-J-shaped relationship between fertility and income.

Design/methodology/approach

It uses a panel data set of 176 countries including 13 East Asian countries from 1990 to 2014. Pooled ordinary least squares, fixed-effects and random-effects models are tested.

Findings

The main findings are the following points concerning East Asia: The U-shape and the inverse-J-shape are confirmed, suggesting that fertility recovery could be realized if both FLP and income are high enough and increasing; in the region, the U-shape is peculiar. Lower-income countries’ data move from the upper-right to the bottom, whereas higher-income countries’ data move from the upper-left to the bottom; no country in the region has reached the stage where both FLP and income are high enough.

Originality/value

This is the first paper on East Asia to show the U-shape and the inverse-J-shape concerning fertility recovery and the peculiarity of the U-shape in East Asia. It explains the background of low fertility using the relationship between fertility, FLP and income.

Details

International Journal of Development Issues, vol. 17 no. 1
Type: Research Article
ISSN: 1446-8956

Keywords

Article
Publication date: 9 June 2021

Eyup Kadioglu

This study investigates the impact of simultaneously replacing both midday single-price call auction and lunch break with multi-price continuous trading on intraday…

Abstract

Purpose

This study investigates the impact of simultaneously replacing both midday single-price call auction and lunch break with multi-price continuous trading on intraday volatility–volume patterns as well as the intraday volatility–volume nexus.

Design/methodology/approach

The analysis utilises 150 m tick-by-tick transaction data related to 333 stocks traded on Borsa Istanbul Equity Market covering a period of 2 months prior to and following the change. In addition to graphic comparisons, the study uses difference in mean tests, panel-fixed generalized least squares (GLS), panel-random GLS and random-effects linear models with AR(1) disturbance regression estimations.

Findings

The results show that intraday volatility and trading volume form an inverse J-shape and are positively correlated. It is observed that the implementation of the regulation change decreased intraday volatility and increased trading volume. Additionally, the results indicate a negative volatility–liquidity and a positive volume–liquidity relationship, supporting the mixture of distribution hypothesis.

Research limitations/implications

Enhanced market efficiency provides greater opportunity for investment and risk management. Investors can benefit from the findings on the intraday volatility–volume nexus, which is an indicator of informed trading, and regulatory authorities can use volume to oversight volatility.

Originality/value

This very rare regulation change of the simultaneous replacement of the lunch break and midday call auction with continuous trading is investigated in the context of intraday volume and volatility. This study also expands upon some important findings on the volume–volatility nexus for the Turkish Stock Market.

Book part
Publication date: 7 November 2018

Kevin Stainback, Kendra Jason and Charles Walter

Organizational approaches to racial inequality have provided contextual insight into a host of traditional stratification outcomes (e.g., hiring, earnings, authority). This…

Abstract

Organizational approaches to racial inequality have provided contextual insight into a host of traditional stratification outcomes (e.g., hiring, earnings, authority). This chapter extends the organizational approach by drawing on the health-stress framework to explore how organizational context affects experiential and health-related outcomes – discrimination, social support, and psychological distress. Drawing on a sample of Black workers in the United States, we examine the relationship between workplace racial composition and psychological distress, as well as two potential mediators – racial discrimination and workplace social support. Our findings reveal that psychological distress is similar for Black workers in token (<25% Black coworkers), tilted other race (25–49.99% Black coworkers), and tilted same race (50–74.99% Black coworkers) job contexts. Workers in Black-dominated jobs (>75% Black coworkers), however, experience significantly less psychological distress than other compositional thresholds, net of individual, job, and workplace characteristics. This relationship is not explained by either racial discrimination experiences or supervisor and coworker social support. This finding suggests that researchers need to theorize and examine other protective factors stemming from coworker racial similarity.

Article
Publication date: 17 August 2015

Ningning Pan and Hongquan Zhu

The purpose of this paper is to investigate how block trading and asymmetric information contribute to the firm-specific information measured by the stock return synchronicity…

Abstract

Purpose

The purpose of this paper is to investigate how block trading and asymmetric information contribute to the firm-specific information measured by the stock return synchronicity. Based on China stock market which is dominated by individual investors, this study focus on whether traders of block trading, which are usually institutional investors, are “information trader.”

Design/methodology/approach

Based on the high frequency data, the paper constructs two measures of information asymmetry, intraday measure and inter-day measure. Then the paper constructs a multiple regression model and examine how block trading and information asymmetry contribute to the firm-specific information measured by the stock return synchronicity.

Findings

The results show that: on the one hand, block trading transmits more firm-specific information, and can reduce the synchronicity; on the other hand, when the degree of information asymmetry is higher, block trading contains more firm-specific information and has a stronger effect on synchronicity. The effect of information asymmetry specifically displays as: block trading during the first half-hour of the trading day has a stronger effect on synchronicity; and block trading occurred in the days with publicly announced trading information has greater impact on synchronicity.

Practical implications

The conclusions have important practical implications: for market regulators, monitoring for block trading can improve the recognition and prevention of insider trading; for individual investors, especially the risk aversion investors, recognition of intraday and inter-day information asymmetry is beneficial for them to avoid the risk of asymmetric information.

Originality/value

First, the domestic and foreign research mostly concentrated impact of block trading on stock prices. However, reasons of stock price changes include the information effect and non-information effect, this paper selects stock return synchronicity as firm-specific information measure, and mainly focus on the information effect of block trading. Second, based on the high frequency data, the paper constructs two measures of information asymmetry, intraday measure and inter-day measure. Compared with general measure of information asymmetry, such as firm size, earnings quality, the two measures based on high frequency data are more precisely.

Details

China Finance Review International, vol. 5 no. 3
Type: Research Article
ISSN: 2044-1398

Keywords

Book part
Publication date: 26 November 2020

Alessio Fusco and Nizamul Islam

This paper investigates the effect of household size, and in particular of the number of children of different age groups, on poverty, defined as being in a situation of low…

Abstract

This paper investigates the effect of household size, and in particular of the number of children of different age groups, on poverty, defined as being in a situation of low income. We apply various static and dynamic probit models to control for the endogeneity of the variables of interest and to account for unobserved heterogeneity, state dependence, and serially correlated error components. Using Luxembourg longitudinal data, we show that the number of children of different age groups significantly affects the probability of being poor. However, the magnitude of the effect varies across different specifications. In addition, we find strong evidence of true poverty persistency due to past experience, spurious poverty persistency due to individual heterogeneity, and transitory random shocks.

Details

Inequality, Redistribution and Mobility
Type: Book
ISBN: 978-1-80043-040-2

Keywords

Article
Publication date: 16 October 2009

Kwan Yi and Lois Mai Chan

The purpose of this paper is to investigate the linking of a folksonomy (user vocabulary) and LCSH (controlled vocabulary) on the basis of word matching, for the potential use of…

4664

Abstract

Purpose

The purpose of this paper is to investigate the linking of a folksonomy (user vocabulary) and LCSH (controlled vocabulary) on the basis of word matching, for the potential use of LCSH in bringing order to folksonomies.

Design/methodology/approach

A selected sample of a folksonomy from a popular collaborative tagging system, Delicious, was word‐matched with LCSH. LCSH was transformed into a tree structure called an LCSH tree for the matching. A close examination was conducted on the characteristics of folksonomies, the overlap of folksonomies with LCSH, and the distribution of folksonomies over the LCSH tree.

Findings

The experimental results showed that the total proportion of tags being matched with LC subject headings constituted approximately two‐thirds of all tags involved, with an additional 10 percent of the remaining tags having potential matches. A number of barriers for the linking as well as two areas in need of improving the matching are identified and described. Three important tag distribution patterns over the LCSH tree were identified and supported: skewedness, multifacet, and Zipfian‐pattern.

Research limitations/implications

The results of the study can be adopted for the development of innovative methods of mapping between folksonomy and LCSH, which directly contributes to effective access and retrieval of tagged web resources and to the integration of multiple information repositories based on the two vocabularies.

Practical implications

The linking of controlled vocabularies can be applicable to enhance information retrieval capability within collaborative tagging systems as well as across various tagging system information depositories and bibliographic databases.

Originality/value

This is among frontier works that examines the potential of linking a folksonomy, extracted from a collaborative tagging system, to an authority‐maintained subject heading system. It provides exploratory data to support further advanced mapping methods for linking the two vocabularies.

Details

Journal of Documentation, vol. 65 no. 6
Type: Research Article
ISSN: 0022-0418

Keywords

Article
Publication date: 1 January 2016

Ifeanyi Adigwe

This study aims to analyze the productivity patterns of authors in Nigeria using publications indexed in Medline from 2008 to 2012 based on Lotka’s Law. Lotka’s Law of scientific…

Abstract

Purpose

This study aims to analyze the productivity patterns of authors in Nigeria using publications indexed in Medline from 2008 to 2012 based on Lotka’s Law. Lotka’s Law of scientific productivity provides a platform for studying inequality in authors’ productivity patterns in a given field and over a specified period.

Design/methodology/approach

This study covers all the journal articles on HIV/AIDS pandemic in Nigeria over a period of five years (2008-2012) in Medline, of which 512 articles were reported to have been published during this period. In this paper, 306 articles that had HIV/AIDS in the title, published in 20 journals, and articles that had HIV/AIDS as author keywords were analyzed. Because no local database that indexed biomedical literature from Nigeria was available, Medline was used, which is not only a robust and flexible database that includes articles from Nigeria but is also the largest medical database that indexes over six-and-a-half million articles from 3,400 biomedical journals.

Findings

While HIV/AIDS can be considered a global pandemic, Nigeria has the second highest number of new infections reported each year, and an estimated 3.7 per cent of the population is living with the dreaded disease. This study presents a general picture of the distribution of papers as single-author papers, multiple-author papers and the measures of co-authorship. The findings of the study reveal that in the productivity distribution for authors on the subject of HIV/AIDS, only co-authors and non-collaborative authors’ categories fit in the Lotka’s Law, whereas all-authors and first-author categories differ from the distribution of Lotka’s inverse square law.

Research limitations/implications

The empirical evidence used in this paper was based on only articles of HIV/AIDS pandemic in Nigeria that had HIV/AIDS the title. Therefore, the findings of this study might not be the generalized to other biomedical research studies.

Originality/value

The originality of this paper lies in the fact that the productivity pattern of each of the different author categories on the subject of HIV/AIDS is a first of its kind in the Nigerian context.

Details

The Electronic Library, vol. 34 no. 5
Type: Research Article
ISSN: 0264-0473

Keywords

Article
Publication date: 2 August 2013

Ya‐Ning Chen and Hao‐Ren Ke

The purpose of this paper is to investigate the behaviour preferences and patterns of the organisation of information by taggers, including usage of tags, tag categories and…

Abstract

Purpose

The purpose of this paper is to investigate the behaviour preferences and patterns of the organisation of information by taggers, including usage of tags, tag categories and implicit patterns embedded in social tags.

Design/methodology/approach

The sample was 4,390 social tags (1,777 unique) from 1,661 articles published in 16 library and information science journals selected from CiteULike between February and March 2011. Using application profiles, a tag category model served as a framework to develop two sets of hybrid tag categories for analysing the distribution of tag categories and their implicit patterns.

Findings

The frequency of tag categories was consistent with that of individual tags and obeyed a power law distribution. In total, six implicit patterns embedded in tags – syntactical, semantic, mnemonic, genre, contextual hybrid relations and split term – were discovered.

Research limitations/implications

Although this study focused solely on investigating taggers' behaviour preferences and patterns, the results of this study may shed light on tagging practice, query formulation and construction of controlled vocabularies.

Originality/value

A set of hybrid tag categories consisting of title, function, content and topic‐related categories is proposed to delineate the distribution of social tags and taggers' behaviour preferences, and implicit patterns embedded in tags are generalised. These patterns may be useful for tagging practice, query formulation and construction of controlled vocabularies.

Details

Online Information Review, vol. 37 no. 4
Type: Research Article
ISSN: 1468-4527

Keywords

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