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Article
Publication date: 27 June 2024

Bo Wang, Xin Jin and Ning Ma

Existing research has predominantly concentrated on examining the factors that impact consumer decisions through the lens of potential consumer motivations, neglecting the…

Abstract

Purpose

Existing research has predominantly concentrated on examining the factors that impact consumer decisions through the lens of potential consumer motivations, neglecting the sentiment mechanisms that propel guest behavioral intentions. This study endeavors to systematically analyze the underlying mechanisms governing how negative reviews exert an influence on potential consumer decisions.

Design/methodology/approach

This paper constructs an “Aspect-based sentiment accumulation” index, a negative or positive affect load, reflecting the degree of consumer sentiment based on affect infusion model and aspect-based sentiment analysis. Initially, it verifies the causal relationship between aspect-based negative load and consumer decisions using ordinary least squares regression. Then, it analyzes the threshold effects of negative affect load on positive affect load and the threshold effects of positive affect load on negative affect load using a panel threshold regression model.

Findings

Aspect-based negative reviews significantly impact consumers’ decisions. Negative affect load and positive affect load exhibit threshold effects on each other, with threshold values varying according to the overall volume of reviews. As the total number of reviews increases, the impact of negative affect load diminishes. The threshold effects for positive affect load showed a predominantly U-shaped course of change. Hosts respond promptly and enthusiastically with detailed, lengthy text, which can aid in mitigating the impact of negative reviews.

Originality/value

The study extends the application of the affect infusion model and enriches the conditions for its theoretical scope. It addresses the research gap by focusing on the threshold effects of negative or positive review sentiment on decision-making in sharing accommodations.

Details

Kybernetes, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0368-492X

Keywords

Book part
Publication date: 13 December 2013

Kirstin Hubrich and Timo Teräsvirta

This survey focuses on two families of nonlinear vector time series models, the family of vector threshold regression (VTR) models and that of vector smooth transition regression…

Abstract

This survey focuses on two families of nonlinear vector time series models, the family of vector threshold regression (VTR) models and that of vector smooth transition regression (VSTR) models. These two model classes contain incomplete models in the sense that strongly exogeneous variables are allowed in the equations. The emphasis is on stationary models, but the considerations also include nonstationary VTR and VSTR models with cointegrated variables. Model specification, estimation and evaluation is considered, and the use of the models illustrated by macroeconomic examples from the literature.

Details

VAR Models in Macroeconomics – New Developments and Applications: Essays in Honor of Christopher A. Sims
Type: Book
ISBN: 978-1-78190-752-8

Keywords

Article
Publication date: 15 April 2022

Xiao Xiao, Fabian Müller, Martin Marco Nell and Kay Hameyer

The ordinary vector hysteresis stop model with constant threshold values is not able to prohibit the hysteretic property after the saturation correctly. This paper aims to develop…

Abstract

Purpose

The ordinary vector hysteresis stop model with constant threshold values is not able to prohibit the hysteretic property after the saturation correctly. This paper aims to develop an improved vector hysteresis stop model with threshold surfaces. This advanced anisotropic vector hysteresis stop model can represent the magnetic saturation properties and the hysteresis losses under alternating and rotating magnetizations.

Design/methodology/approach

By integrating anhysteretic surfaces into the elastic element of a vector hysteresis stop model, the anisotropy of the permeability of an electrical steel sheet can be represented. Instead of the commonly used constant threshold value for plastic elements of the hysteresis model, threshold surfaces are applied to the stop hysterons. The threshold surfaces can be derived directly from measured alternating major loops of the material sample. By saturated polarization, the constructed threshold surfaces are vanishing. In this way, the reversible magnetic flux density is in the same direction of the applied magnetic flux density. Thus, the saturation properties are satisfied.

Findings

Analyzing the measurements of the electrical steel sheets sample obtained from a rotational single sheet tester shows that the clockwise (CW) and counter-CW (CCW) rotational hysteresis losses decrease by saturated flux density. At this state, instead of the domain wall motion, the magnetization rotation is dominant in the material. As a result, the hysteresis losses, which are related to the domain wall motion, are vanished near the saturation. In one stop operator, the plastic element represents the hysteresis part of the model. Integrating threshold surface into the plastic element, the hysteresis part can be modified to zero near the saturation to represent the saturation properties.

Originality/value

The results of this work demonstrate that the presented vector hysteresis stop model allows simulation of anisotropic hysteresis effects, alternating and rotating hysteresis losses. The parameters of the hysteresis model are determined by comparing the measured and modeled minor loops in different alternating magnetization directions. With the identified parameters, the proposed model is excited with rotated excitations in CW and CCW directions. The rotated hysteresis losses, derived from the model, are then compared with those experimentally measured. The modified vector stop model can significantly improve the accuracy of representing hysteresis saturations and losses.

Details

COMPEL - The international journal for computation and mathematics in electrical and electronic engineering , vol. 41 no. 4
Type: Research Article
ISSN: 0332-1649

Keywords

Article
Publication date: 27 July 2021

Papangkorn Pidchayathanakorn and Siriporn Supratid

A major key success factor regarding proficient Bayes threshold denoising refers to noise variance estimation. This paper focuses on assessing different noise variance estimations…

Abstract

Purpose

A major key success factor regarding proficient Bayes threshold denoising refers to noise variance estimation. This paper focuses on assessing different noise variance estimations in three Bayes threshold models on two different characteristic brain lesions/tumor magnetic resonance imaging (MRIs).

Design/methodology/approach

Here, three Bayes threshold denoising models based on different noise variance estimations under the stationary wavelet transforms (SWT) domain are mainly assessed, compared to state-of-the-art non-local means (NLMs). Each of those three models, namely D1, GB and DR models, respectively, depends on the most detail wavelet subband at the first resolution level, on the entirely global detail subbands and on the detail subband in each direction/resolution. Explicit and implicit denoising performance are consecutively assessed by threshold denoising and segmentation identification results.

Findings

Implicit performance assessment points the first–second best accuracy, 0.9181 and 0.9048 Dice similarity coefficient (Dice), sequentially yielded by GB and DR; reliability is indicated by 45.66% Dice dropping of DR, compared against 53.38, 61.03 and 35.48% of D1 GB and NLMs, when increasing 0.2 to 0.9 noise level on brain lesions MRI. For brain tumor MRI under 0.2 noise level, it denotes the best accuracy of 0.9592 Dice, resulted by DR; however, 8.09% Dice dropping of DR, relative to 6.72%, 8.85 and 39.36% of D1, GB and NLMs is denoted. The lowest explicit and implicit denoising performances of NLMs are obviously pointed.

Research limitations/implications

A future improvement of denoising performance possibly refers to creating a semi-supervised denoising conjunction model. Such model utilizes the denoised MRIs, resulted by DR and D1 thresholding model as uncorrupted image version along with the noisy MRIs, representing corrupted version ones during autoencoder training phase, to reconstruct the original clean image.

Practical implications

This paper should be of interest to readers in the areas of technologies of computing and information science, including data science and applications, computational health informatics, especially applied as a decision support tool for medical image processing.

Originality/value

In most cases, DR and D1 provide the first–second best implicit performances in terms of accuracy and reliability on both simulated, low-detail small-size region-of-interest (ROI) brain lesions and realistic, high-detail large-size ROI brain tumor MRIs.

Article
Publication date: 21 July 2021

Olumide Olusegun Olaoye, Ambreen Noman and Ezekiel Olamide Abanikanda

The study examines whether the growth effect of government spending is contingent on the level of institutional environment prevalent in Economic Community of West African States…

Abstract

Purpose

The study examines whether the growth effect of government spending is contingent on the level of institutional environment prevalent in Economic Community of West African States (ECOWAS).

Design/methodology/approach

The study adopts the more refined and more appropriate dynamic threshold panel by Seo and Shin (2016) and made applicable be Seo et al. (2019). The technique models a nonlinear asymmetric dynamics and cross-sectional heterogeneity simultaneously in a dynamic threshold panel data framework.

Findings

The results show that there is a threshold effect in the government spending-growth relationship. Specifically, the authors found that the impact of government spending on economic growth is positive and statistically significant only above a certain threshold level of institutional development. Below that threshold, the effect of government spending on growth is insignificant and negative at best. The findings suggest that government spending-growth nexus is contingent on the level of Institutional quality.

Originality/value

Unlike previous studies that adopt the linear interaction model which pre-impose a priori conditional restrictions, this study adopts the dynamic threshold panel framework which allows the lagged dependent variable and endogenous covariates.

Details

International Journal of Emerging Markets, vol. 18 no. 8
Type: Research Article
ISSN: 1746-8809

Keywords

Article
Publication date: 30 July 2020

Xiaoxue Zhou, Yu Li and Yao Zhang

The purpose of this paper is to explore the threshold effect of firm size on technological innovation using panel data from 2007 to 2012 for listed enterprises in China's…

Abstract

Purpose

The purpose of this paper is to explore the threshold effect of firm size on technological innovation using panel data from 2007 to 2012 for listed enterprises in China's manufacturing sector.

Design/methodology/approach

Considering the aim of research question is to examine the nonlinear relationship, this paper utilizes the threshold regression proposed by Hansen's (2000).

Findings

Based on a threshold regression model using panel data from 2007 to 2012 for listed enterprises in China's manufacturing sector, we find a series of new results. This nonlinear relationship is under the restrictions and impacts of various factors, such as industry characteristics and government subsidies. The results suggest that the threshold regression model well explains the complicated nonlinear relationship and transition process, and it can also shed light on management practice and policy.

Originality/value

There are categorical arguments regarding why firm size is not as effective as before in explaining the monotonic principle of industrial innovation, especially for establishing an effective industrial policy in a particular situation. One of the important reasons is that we have begun to adopt a new perspective from the nonlinear view on the relationship between firm size and industrial innovation. In this study, we have examined the threshold effect of firm size on industrial technological innovation, which is the most representative nonlinear relationship.

Details

Journal of Economic Studies, vol. 48 no. 3
Type: Research Article
ISSN: 0144-3585

Keywords

Article
Publication date: 4 March 2014

Rizki E. Wimanda

– This paper aims to investigate the impact of exchange rate depreciation and money growth to the consumer price index (CPI) inflation in Indonesia.

2670

Abstract

Purpose

This paper aims to investigate the impact of exchange rate depreciation and money growth to the consumer price index (CPI) inflation in Indonesia.

Design/methodology/approach

Using threshold model applied to Phillips curve equation.

Findings

Using monthly data from 1980:1 to 2008:12, the econometric evidence shows that there are indeed threshold effects of money growth on inflation, but no threshold effect of exchange rate depreciation on inflation. Even though the threshold value for exchange rate depreciation is found at 8.4 percent, the F-test suggests that there is no significant difference between the coefficient below and that above the threshold value. While two threshold values are found for money growth, i.e. 7.1 and 9.8 percent, and they are statistically different. The impact on inflation is high when money grows by up to 7.1 percent, it is moderate when money grows by 7.1-9.8 percent, and it is low when money grows by above 9.8 percent.

Research limitations/implications

This research is using methodology proposed by Hansen which the threshold is based on the minimum SSR. The value of SSR will differ from one model to one model. For example, model using quarterly data will give the different result from that using monthly or yearly data. Also, when the author uses the new data, the result could be different.

Practical implications

Even though inflation targeting framework has been adopted by Bank Indonesia (BI) since 2005, BI should not disregard the monetary aggregate variable, especially M1. This is because the growth of money is still matter to influence inflation in the short run. The impact on inflation is found to be larger than the impact of exchange rate depreciation when it is below a certain threshold value.

Originality/value

This is the first paper that evaluates the threshold effect of exchange rate and money growth in emerging country, especially in Indonesia.

Details

Journal of Economic Studies, vol. 41 no. 2
Type: Research Article
ISSN: 0144-3585

Keywords

Article
Publication date: 18 February 2021

Cheng-Jun Wang and Jonathan J.H. Zhu

Social influence plays a crucial role in determining the size of information diffusion. Drawing on threshold models, we reformulate the nonlinear threshold hypothesis of social…

Abstract

Purpose

Social influence plays a crucial role in determining the size of information diffusion. Drawing on threshold models, we reformulate the nonlinear threshold hypothesis of social influence.

Design/methodology/approach

We test the threshold hypothesis of social influence with a large dataset of information diffusion on social media.

Findings

There exists a bell-shaped relationship between social influence and diffusion size. However, the large network threshold, limited diffusion depth and intense bursts become the bottlenecks that constrain the diffusion size.

Practical implications

The practice of viral marketing needs innovative strategies to increase information novelty and reduce the excessive network threshold.

Originality/value

In all, this research extends threshold models of social influence and underlines the nonlinear nature of social influence in information diffusion.

Details

Internet Research, vol. 31 no. 5
Type: Research Article
ISSN: 1066-2243

Keywords

Book part
Publication date: 31 January 2015

Soora Rasouli and Harry Timmermans

This chapter reviews models of decision-making and choice under conditions of certainty. It allows readers to position the contribution of the other chapters in this book in the…

Abstract

Purpose

This chapter reviews models of decision-making and choice under conditions of certainty. It allows readers to position the contribution of the other chapters in this book in the historical development of the topic area.

Theory

Bounded rationality is defined in terms of a strategy to simplify the decision-making process. Based on this definition, different models are reviewed. These models have assumed that individuals simplify the decision-making process by considering a subset of attributes, and/or a subset of choice alternatives and/or by disregarding small differences between attribute differences.

Findings

A body of empirical evidence has accumulated showing that under some circumstances the principle of bounded rationality better explains observed choices than the principle of utility maximization. Differences in predictive performance with utility-maximizing models are however small.

Originality and value

The chapter provides a detailed account of the different models, based on the principle of bounded rationality, that have been suggested over the years in travel behaviour analysis. The potential relevance of these models is articulated, model specifications are discussed and a selection of empirical evidence is presented. Aspects of an agenda of future research are identified.

Details

Bounded Rational Choice Behaviour: Applications in Transport
Type: Book
ISBN: 978-1-78441-071-1

Keywords

Article
Publication date: 7 July 2023

John Kwaku Amoh, Abdallah Abdul-Mumuni, Randolph Nsor-Ambala and Elvis Aaron Amenyitor

Most emerging economies have made conscious efforts through policy initiatives to attract foreign direct investment (FDI). However, a significant obstacle to FDI inflow has been…

Abstract

Purpose

Most emerging economies have made conscious efforts through policy initiatives to attract foreign direct investment (FDI). However, a significant obstacle to FDI inflow has been the prevalence of corruption in the host country. This study, therefore, aims to examine whether there is an optimum corruption value that results in threshold effects of corruption on FDI.

Design/methodology/approach

To achieve this objective, this study used Hansen’s (1999) panel threshold regression (PTR) model by using a panel data of 30 sub-Saharan African (SSA) countries from 2000 to 2021.

Findings

This study finds that the nexus between corruption and FDI has a single threshold effect, with a 5.37% optimum corruption threshold value. At this threshold value, corruption affects FDI negatively. Any corruption value that is below the threshold value also elicits a negative corruption–FDI relationship. Despite having a negative relationship when the corruption value is above the optimum corruption threshold, it is not statistically significant.

Research limitations/implications

The implication of the results is that it is deleterious to use corrupt practices to draw FDI to SSA nations.

Originality/value

To the best of the authors’ knowledge, this study is one of the first in the corruption–FDI nexus literature to use Hansen’s PTR model to estimate an optimal corruption threshold. The authors recommend that policymakers in the selected SSA countries reconsider the use of corruption to attract FDI because there is an optimal corruption threshold that could impact FDI in the host country.

Details

Journal of Financial Crime, vol. 31 no. 3
Type: Research Article
ISSN: 1359-0790

Keywords

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