Development of Robust Measures of Attitude Towards Risk

Risk Analysis ◽  
1991 ◽  
pp. 433-448
Author(s):  
Beverly Fleisher
Keyword(s):  
Robust Measures

scholarly journals Policy Brief: The Case for Using Robust Measures to Evaluate Nonprofit Organizations

2016 ◽  
Vol 7 (1) ◽  
pp. 39-47
Author(s):  
Katherine R. Cooper ◽  
Michelle Shumate
Keyword(s):  
Nonprofit Organizations ◽  
Limited Resources ◽  
Continuous Evaluation ◽  
The Creation ◽  
Robust Measures

AbstractAlthough nonprofit organizations are expected to engage in continuous evaluation, its effectiveness is hampered by limited resources and competing and untested instruments. This paper makes the case for the creation and use of more robust measures in nonprofit evaluation. Specifically, we argue for the involvement of nonprofits in the development of reliable and valid instruments that can be used to benchmark nonprofit organizations against one another and for funders and government to support these efforts through their investment in nonprofit measurement. We cite a particular measure, The Nonprofit Capacities Instrument, as an exemplar.

Corporate payout-form: investors’ preference and catering theory

2018 ◽  
Vol 44 (12) ◽  
pp. 1418-1433
Author(s):  
Abdelaziz Chazi ◽  
Alexandra Theodossiou ◽  
Zaher Zantout
Keyword(s):  
Design Methodology ◽  
Policy Formulation ◽  
Future Research ◽  
Stock Repurchases ◽  
Firm Characteristics ◽  
Content Type ◽  
Robust Measures ◽  
Practical Implications ◽  
Form Preference ◽  
Number Of Firms

Purpose The purpose of this paper is to develop and validate new robust measures of investors’ preference for the form of regular corporate payout. Then, the paper adds to the empirical evidence on catering theory by examining managers’ catering to such preference. Design/methodology/approach The authors use the matching method to control for firm characteristics. The authors apply two robustness tests to validate the measures. The authors use the rigorous multivariate analysis. Findings US investors’ preference for regular dividends vs regular stock repurchases, being different forms of corporate payout, varies over time. Managers cater to investors’ preference for payout form. The findings are consistent with the catering theory of Baker and Wurgler (2004a). The number of firms that pay cash dividends regularly continue to outnumber the ones that purchase their shares regularly. Research limitations/implications The study only uses US data. It does not cover other countries. Practical implications The measures can be used in several future research endeavors, such as examining investors’ payout-form preferences in other countries (see Booth and Zhou, 2017) and exploring their determinants, the corporate governance characteristics of firms that cater to investors’ preference vs firms that do not, etc. Social implications The study contributes to understanding investors’ preferences and corporate payout behavior which is prerequisite to efficient policy formulation. Originality/value The proxies for investors’ payout-form preference control for firm characteristics and are unrelated to investors’ time-varying risk preferences. Also, they are robust to measurement issues. Moreover, the study covers a period of 40 years.

scholarly journals Responses and Impacts of COVID-19 on East Africa’s Tourism Industry

2021 ◽  
Vol 10 (10(6)) ◽  
pp. 1711-1727
Author(s):  
Peter Ezra ◽  
Benard Kitheka ◽  
Edwin Sabuhoro ◽  
Geoffrey K. Riungu ◽  
Agnes Sirima ◽  
...  
Keyword(s):  
Life Support ◽  
Secondary Data ◽  
Tourism Industry ◽  
Collaborative Management ◽  
East African ◽  
Current Crisis ◽  
East African Community ◽  
Global Engagement ◽  
Media Reports ◽  
Robust Measures

The COVID-19 pandemic has affected all economies and life support systems world-wide. Owing to the pandemic's unpredictable nature, experts and policymakers struggle to find a headway to slow infections and further economic deterioration. The purpose of this study is to assess East African Community (EAC) states’ early responses and the pandemic’s impacts on the tourism industry. Data were collected through a review of secondary data, including academic and media reports. Special attention was paid to respective policy responses during the early stages of the pandemic outbreak. Findings show that Kenya, Uganda, and Rwanda employed more robust measures to curb the spread of COVID-19, whereas Tanzania and Burundi resorted to censorship and protectionism. The EAC should quickly learn from the current crisis and devise strategies to handle future shocks to the tourism-system. The states should prioritize economic diversification, retraining of the workforce, global engagement, and collaborative management.

scholarly journals Does the inverse farm size productivity hypothesis hold for perennial monocrop systems in developing countries? Evidence from Kenya

2021 ◽  
Vol 16 (3) ◽  
pp. 237-252
Author(s):  
Josiah Ateka ◽  
◽  
Perez Ayieko Onono-Okelo ◽  
Martin Etyang ◽  
◽  
...  
Keyword(s):  
Developing Countries ◽  
Survey Data ◽  
Agricultural Policy ◽  
Cropping Systems ◽  
Household Survey ◽  
Farm Size ◽  
Mixed Cropping ◽  
Western Kenya ◽  
Household Survey Data ◽  
Robust Measures

The inverse farm size and productivity relationship (IR) is a recurring theme in the literature. However, most previous studies were undertaken within a setting of mixed cropping systems. In this article, we investigate the effect of farm size on productivity within the context of a perennial monocropping system, acute competition for farmland, frequent subdivision of farms and declining yields. We apply household survey data of smallholder tea farms in western Kenya and consider both technical efficiency (TE) and the yield per hectare as indicators of productivity. The findings show that the effect of farm size on productivity is nonlinear, with TE initially declining and then rising with farm size. The findings also demonstrate that the farm size and productivity relationship is important for perennial monocrops and that the use of robust measures of productivity is important for the IR. The findings have important implications for agricultural policy in developing countries.

Outlier detection using robust measures of scale

1982 ◽  
Vol 15 (4) ◽  
pp. 285-293 ◽  
Author(s):  
Boris Iglewicz ◽  
Jorge Martinez
Keyword(s):  
Outlier Detection ◽  
Robust Measures

The Efficacy of Australia Adopting a Debarment Regime in Public Procurement

2020 ◽  
pp. 0067205X2097347
Author(s):  
Olivia Dixon
Keyword(s):  
Public Sector ◽  
Competitive Advantage ◽  
Public Procurement ◽  
Public Funds ◽  
Policy Goals ◽  
The Government ◽  
Corporate Integrity ◽  
Robust Measures ◽  
Procurement Contracts

While transparent and efficient public sector procurement systems facilitate innumerable opportunities for stakeholders, the scale and scope of the global procurement market has rendered it increasingly vulnerable to corruption. The Organisation for Economic Co-operation and Development estimates that annually US$2 trillion of public funds is lost to corruption, yet governments have failed to respond with robust measures to deter such practice. Through comparing the debarment frameworks and policy goals across five jurisdictions, this article argues that Australia should consider adopting a discretionary debarment regime. By excluding bidders who have engaged in ‘corporate integrity offences’ from procurement contracts, debarment policies offer a potentially important mechanism in the fight against corruption. Debarment would not only protect the government from current threats, but it may also deter potential wrongdoers, encourage contractors to rehabilitate themselves, incapacitate actual offenders and facilitate development of a culture of compliance through the competitive advantage gains enjoyed by law-abiding firms.

Robust Measures of Consumer Brand Beliefs

1990 ◽  
Vol 27 (4) ◽  
pp. 477-484 ◽  
Author(s):  
Neil R. Barnard ◽  
Andrew S. C. Ehrenberg
Keyword(s):  
Robust Measures
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