A brief history and recent developments in day‐of‐the‐week effect literature

2011 ◽  
Vol 37 (9) ◽  
pp. 808-816 ◽  
Author(s):  
James Philpot ◽  
Craig A. Peterson
Keyword(s):  
Research Question ◽  
Weekend Effect ◽  
Content Type ◽  
Recent Developments ◽  
Research Findings ◽  
The Subject ◽  
Day Of The Week ◽  
Practical Implications ◽  
Effect Literature ◽  
Insight Into

PurposeThe purpose of this paper is to provide a brief review of pre‐2003 work on the weekend effect and then discuss how recent selected work has extended our knowledge of the subject.Design/methodology/approachResults of recently published studies are organized and summarized by research question and outcomes.FindingsWhile early literature found a fairly consistent weekend effect, with positive returns on Fridays and negative returns on Mondays, more recent research shows the effect moving to other days, reversing or vanishing.Research limitations/implicationsWhile it is difficult to compare studies made across different time periods, the direction of present research gives insight into how markets are adjusting to the weekend effect anomaly.Practical implicationsInvestors may find it very hard to adequately identify a trading strategy based on current research.Originality/valueThis work conveniently synthesizes and presents current research findings from a variety of published sources.

Need to pioneer Islamic tourism in tourist resorts in Maldives

2019 ◽  
Vol 11 (4) ◽  
pp. 895-916
Author(s):  
Aishath Muneeza ◽  
Zakariya Mustapha ◽  
Fathimath Nashwa Badeeu ◽  
Aminath Reesha Nafiz
Keyword(s):  
Design Methodology ◽  
Secondary Data ◽  
Legal Framework ◽  
Tourism Industry ◽  
Qualitative Approach ◽  
Financing Structure ◽  
Content Type ◽  
The Subject ◽  
Practical Implications ◽  
Insight Into

Purpose The purpose of this paper is to formulate ways in which Maldives could pioneer Islamic tourism on a befitting framework and financing structure as a leverage to develop its tourism industry. Design/methodology/approach The research uses qualitative approach whereby primary and empirical data on tourism practices as well as relevant laws and guidelines, issued in Maldives and in other Muslim jurisdictions of the Muslim, are analyzed. Doctrinal approach is used in analyzing secondary data on the subject. Findings The research reveals the potential of Islamic tourism in Maldives as well as the challenges that have constrained its development in the country. Certainty is needed in halal products, services and conducts. Codifying extant Maldives Halal Tourism Standards will establish legal framework for a standard Shariah-compliant tourism industry. Islamic financing structure enables mobilizing required funds and address financing constraints. Practical implications This research presents an insight into establishing and developing Islamic tourism industry in the Maldives. Harmonizing tourism regulations with Shariah shall bring about the required consciousness on Shariah compliance in target tourists and their desires. Private individuals can contribute in mobilizing the much needed Shariah-compliant resources to finance Islamic model resorts befitting an Islamic tourism industry. Originality/value The research puts forward proposal that identifies and recognizes a more viable Islamic financing alternative as well as Shariah-compliant regulations to pioneer the development of Islamic tourism in Maldives. The research recommends how to overcome related challenges helps government understand the proposed strategies for establishing Islamic tourism industry.

Dynamics of succession planning for Indian family-owned businesses: learning from successful organizations

2018 ◽  
Vol 26 (4) ◽  
pp. 31-33 ◽  
Author(s):  
Sunil Budhiraja ◽  
Ujjwal Kumar Pathak
Keyword(s):  
Succession Planning ◽  
Content Type ◽  
Indian Family ◽  
Succession Plan ◽  
The Family ◽  
Recent Developments ◽  
The Usa ◽  
Pertinent Information ◽  
Practical Implications ◽  
Insight Into

Purpose The purpose of this paper is to highlight the process and challenges faced by Indian family-owned businesses (FoBs) during succession planning and examine the recent advancements in succession planning of successful Indian FoBs. Design/methodology/approach The authors make use of recent developments in terms of succession planning by FoBs to prepare their impartial comments and summary. Findings It is evident that India has the third highest number of FoBs after China and the USA. The challenges for these organizations during the transition of the ownership to the next generation start from finding a competent family member to manage the conflict between the family and the board. Practical implications The paper provides strategic insight into leading FoBs in India for creating a systematic and robust succession plan in their respective organizations. Originality/value The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information, and presenting it in a condensed and easy-to-digest format.

scholarly journals A preventable death? A family’s perspective on an adult safeguarding review regarding an adult with traumatic brain injury

2016 ◽  
Vol 18 (6) ◽  
pp. 341-352 ◽  
Author(s):  
Alyson Norman
Keyword(s):  
Traumatic Brain Injury ◽  
Brain Injury ◽  
Design Methodology ◽  
Care Management ◽  
Case Review ◽  
Content Type ◽  
History Of ◽  
The Subject ◽  
Practical Implications ◽  
Insight Into

Purpose The purpose of this paper is to review the care management of a man with a traumatic brain injury (TBI) from a family member’s perspective. Design/methodology/approach The paper provides a case history of “Tom” both prior to his TBI and after. Findings Tom was the subject of a safeguarding adults case review in Somerset following his death in 2014. Ultimately the paper highlights the shortcomings and failures in the care Tom received by various organisations which ultimately contributed to his suicide. Practical implications The paper highlights the need for more effective communication between professionals managing the care of those with TBI. Furthermore, professionals need training in the need for mental capacity assessments and improved safeguarding and risk assessments with adults with TBI. Originality/value This paper provides insight into the needs of an adult with TBI from the perspective of a family member who is also a trained psychologist.

Earnings management practices in India: a study of auditor's perception

2013 ◽  
Vol 21 (1) ◽  
pp. 100-110 ◽  
Author(s):  
Divya Verma Gakhar
Keyword(s):  
Earnings Management ◽  
Design Methodology ◽  
Management Practices ◽  
Ethical Behaviour ◽  
Socially Responsible ◽  
Content Type ◽  
Research Findings ◽  
Indian Perspective ◽  
Practical Implications ◽  
Insight Into

Purpose – Earnings management are euphemisms referring to accounting practices that may follow the letter of the rules of standard accounting practices, but certainly deviate from the spirit of those rules. Companies across the world follow earning management practices in a way so as to show a favourable position to their stakeholders. Satyam scam in India was a similar type of case. The present study has been carried out with the aim of examining the perception of auditors on earnings management in Indian perspective. Design/methodology/approach – A questionnaire was administered on 65 auditors and was analysed using descriptive statistics and factor analysis methods. Findings – The analysis shows that most of the firms indulge into such practices even in the presence of regulatory framework available to keep a check on these practices. The management tries to interpret and modify the law provisions as per their will and do manipulations in the financial results. Practical implications – The research findings would guide regulators and management to curb such malpractices. The auditors, top management and government have to become more aware, socially responsible, have ethical behaviour, become more transparent to protect the interests of stakeholders associated with the organizations. Originality/value – The paper provides an insight into auditor's perception on earnings management during a time when financial scams like Satyam in India have taken place and auditor's integrity is questioned.

scholarly journals The flash crash: a review

2017 ◽  
Vol 1 (1) ◽  
pp. 89-100
Author(s):  
Ali N. Akansu
Keyword(s):  
Relevant Literature ◽  
Content Type ◽  
Flash Crash ◽  
Current State ◽  
Research Findings ◽  
Pros And Cons ◽  
The Subject ◽  
The Common ◽  
Unequal Access ◽  
Practical Implications

Purpose The purpose of this paper is to present an overview of the flash crash, and explain why and how it happened. Design/methodology/approach The author summarizes several studies suggesting various perspectives on the flash crash and its causes. Furthermore, the author highlights recently proposed and introduced improvements and regulations to reduce the risk of having similar market collapses in the future. Findings It is an overview paper that highlights the state of the art on the subject. Research limitations/implications Paper does not report any research findings of the author. Practical implications High-frequency trading (HFT) along with its pros and cons is the new normal for most of the current electronic trading activity in the markets. It is well recognized by the experts that HFT may have its important shortcomings whenever the rules and regulations are not up to date to match the technological progress offering faster computational and execution capabilities. Social implications HFT has created a societal discussion about its benefits and potential deficiencies as the common practice for trading due to potentially unequal access to market data by various categories of participants. Such arguments help the regulators to develop improvements to reduce the market risk and nurture more robust and fair markets for all. Originality/value The paper has a tutorial value and summarizes the current state of HFT. The readers of more interest are guided to the most relevant literature for further reading.

Events and festivals in Asia and the Middle East/North Africa (MENA) region

2012 ◽  
Vol 3 (1) ◽  
pp. 4-8 ◽  
Author(s):  
Karin Weber ◽  
Jane Ali‐Knight
Keyword(s):  
Mena Region ◽  
Content Type ◽  
Qualitative Approaches ◽  
Recent Developments ◽  
Individual Contributions ◽  
Key Issues ◽  
The Subject ◽  
The Individual ◽  
Insight Into ◽  
Selection Of

PurposeThis editorial aims to provide a brief overview of recent developments in the events industry in general, and in Asia and the MENA region in particular. The discussion forms a prelude for the individual contributions of this special issue.Design/methodology/approachThe papers cover a variety of different research methods and methodologies including both quantitative and qualitative approaches.FindingsSetting the stage for the selection of papers is a thought‐provoking introduction, followed by six papers that aim to provide insights into key issues by examining pertinent literature, addressing relevant research questions, and providing applied and theoretical outcomes relevant to both academics and practitioners in the event and festival fields. These papers cover the variety, scope and diversity of events in Asia and MENA region, with a mixture of papers that examine event‐specific aspects and those that approach the subject from a broader destination/policy perspective.Originality/valueThe selection of papers are unique as they provide a thorough and extensive insight into the opportunities and challenges facing emergent festival and event destinations in Asia and the MENA region.

Teaching and learning cooking skills in Home Economics

2017 ◽  
Vol 119 (5) ◽  
pp. 1067-1078 ◽  
Author(s):  
Albina Granberg ◽  
Viktoria Olsson ◽  
Ylva Mattsson Sydner
Keyword(s):  
Teaching And Learning ◽  
Qualitative Interviews ◽  
Home Economics ◽  
Mild Intellectual Disability ◽  
Content Type ◽  
Teachers Perceptions ◽  
Cooking Skills ◽  
The Subject ◽  
Practical Implications ◽  
Insight Into

Purpose The purpose of this paper is to explore which elements of cooking skills Home Economics (HE) teachers in schools for students with mild intellectual disability (ID) consider important for their students to learn. Design/methodology/approach In total, 22 qualitative interviews with HE teachers of students with mild ID were conducted. The transcripts were analyzed thematically using the sociocultural approach on learning and knowledge as a theoretical framework. Findings The elements of cooking skills that were emphasized included mastering the language of cooking, measuring, following recipes, representing an instrumental and task-centered – knowledge on cooking. Practical implications The results of this study provide an insight into cooking lessons in HE in schools, not only regarding the focus that teachers give to cooking skills, but also to how cooking skills can be understood on a theoretical level. This has implications for both regular schools and schools for students with mild IDs since the elements that teachers consider important then guide what the students are given to learn. Teachers should be conscious that the planning of lessons should also be based on the students’ specific circumstances and context. Originality/value To the authors’ knowledge, this is the first study that provides knowledge about how HE teachers reason regarding which cooking skills they consider important for students to learn. HE is taught to both children and adolescents, and it is important to investigate teachers’ perceptions about the subject and how the teaching is organized, including cooking skills.

‘Folk’ understandings of quality in UK higher hospitality education

2015 ◽  
Vol 23 (4) ◽  
pp. 326-338 ◽  
Author(s):  
Roy Wood
Keyword(s):  
Design Methodology ◽  
Subject Area ◽  
Future Trends ◽  
Content Type ◽  
Hospitality Education ◽  
The Past ◽  
The Subject ◽  
Practical Implications ◽  
Insight Into

Purpose – The purpose of this paper is to provide an overview of the evolution of “folk” understandings of quality in higher hospitality education and the consequent implications of these understandings for current quality concerns in the field. Design/methodology/approach – The paper combines a historical survey of the stated topic together with an analysis of how the evolution of higher hospitality education provides insight into current issues and problems in the subject area. Findings – The paper suggests that only by thoroughly comprehending the past development of higher hospitality education is it possible to accurately map the field’s current travails and diagnose likely future trends. Practical implications – The paper outlines the implications of current understandings of quality in hospitality education for its future development and provision. Originality/value – The originality and value of this paper lie in its identification of the principal trends that contribute to understanding of current perceptions of the quality of higher hospitality education.

Shapeholders: managing them as allies, partners and significant constituents

2017 ◽  
Vol 45 (5) ◽  
pp. 41-48 ◽  
Author(s):  
Oleksiy Osiyevskyy ◽  
Vladyslav Biloshapka
Keyword(s):  
Business Models ◽  
Social Activism ◽  
Business Success ◽  
Content Type ◽  
Building Relationships ◽  
The Public ◽  
Short Run ◽  
Common Interests ◽  
The Subject ◽  
Practical Implications

Purpose The authors review the concept of building relationships with Shapeholders,: a broad group of players that have no financial stake in the company yet can substantively influence it. The process for doing this is the subject of a new book by Mark Kennedy, Shapeholders: Business success in the age of social activism. Design/methodology/approach The authors examine Mark Kennedy’s framework for managing the firm’s shapeholders, a model composed of seven basic steps (7A’s): Align with a purpose, Anticipate, Assess, Avert, Acquiesce, Advance common interests, and Assemble to win. Findings Managing corporate reputation in alliance with enlightened shapeholders is a potential defense against self-aggrandizing schemes to wantonly maximize shareholder value in the short run. Practical implications Managing shapeholders is part of the messy democratic process that works when power is apportioned fairly among those affected by a firm’s decisions, and this process underpins the winning business models of true market leaders. Social implications Stakeholders previously discredited as mere “mosquitos” have gained new power, particularly when their legitimate concerns and unfair treatment resonate with the interests of a significant segment of the public and influential shapeholders. Originality/value Shapeholders can create enormous opportunities for smart managers capable of effectively engaging with them.

Autonomous vehicles: a review of the ethical, social and economic implications of the AI revolution

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Shweta Banerjee
Keyword(s):  
Artificial Intelligence ◽  
Autonomous Vehicles ◽  
Design Methodology ◽  
Technological Advancement ◽  
Economic Implications ◽  
Content Type ◽  
The Public ◽  
Autonomous Cars ◽  
The Subject ◽  
Practical Implications

PurposeThere are ethical, legal, social and economic arguments surrounding the subject of autonomous vehicles. This paper aims to discuss some of the arguments to communicate one of the current issues in the rising field of artificial intelligence.Design/methodology/approachMaking use of widely available literature that the author has read and summarised showcasing her viewpoints, the author shows that technology is progressing every day. Artificial intelligence and machine learning are at the forefront of technological advancement today. The manufacture and innovation of new machines have revolutionised our lives and resulted in a world where we are becoming increasingly dependent on artificial intelligence.FindingsTechnology might appear to be getting out of hand, but it can be effectively used to transform lives and convenience.Research limitations/implicationsFrom robotics to autonomous vehicles, countless technologies have and will continue to make the lives of individuals much easier. But, with these advancements also comes something called “future shock”.Practical implicationsFuture shock is the state of being unable to keep up with rapid social or technological change. As a result, the topic of artificial intelligence, and thus autonomous cars, is highly debated.Social implicationsThe study will be of interest to researchers, academics and the public in general. It will encourage further thinking.Originality/valueThis is an original piece of writing informed by reading several current pieces. The study has not been submitted elsewhere.

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