scholarly journals Leaky building stigma

2017 ◽  
Vol 10 (3) ◽  
pp. 328-351 ◽  
Author(s):  
Song Shi ◽  
Iona McCarthy ◽  
Uyen Mai
Keyword(s):  
New Zealand ◽  
Principal Component ◽  
Ordinary Least Squares ◽  
Individual Characteristics ◽  
Survey Respondent ◽  
Data Set ◽  
Content Type ◽  
Transaction Data ◽  
Regulatory Standards ◽  
Value Loss

Purpose This paper aims to investigate the stigma effect on property valuation/sale price for remediated residential leaky buildings constructed in New Zealand during the 1990s and 2000s. In particular, the authors want to know whether meeting the regulatory standards for remediation work will totally eliminate the negative stigma effect on remediated properties. Design/methodology/approach Property transaction data for remediated leaky homes are often limited and not well recorded. Thus, it is very difficult or even impossible to identify those remediated properties in a standard property transaction data set. Moreover, a vast amount of information regarding the nature of property defects, remediation process and method is very difficult to obtain. In this study, members of the Property Institute of New Zealand (PINZ) and the Real Estate Institute of New Zealand were invited to participate in an online website survey. The results were then analysed using the principal component analysis, ordinary least squares and multinomial logit regressions. Findings This study indicates that for monolithic-clad dwellings, the price discount due to leaky building stigma is significant. Depending on the severity of the leaking problems, this is about 11 per cent on average for general market stigma and an additional 5-10 per cent for post-remediation stigma. The results highlight that meeting the regulatory standards for remediation work cannot totally eliminate the negative stigma effect on remediated properties. The findings are in line with the lemon theory introduced by Akerlof (1970) and robust to individual characteristics of the survey respondent. Originality/value General market stigma has been widely researched and documented in the literature. In contrast, there is a lack of research as to whether remediation will eliminate stigma, particularly in the presence of general market stigma. The authors are the first to show that post-remediation stigma can cause value loss in addition to general market stigma based on the lemon theory proposed by Akerlof (1970).

Does sustainability reporting promote university ranking? Australian and New Zealand evidence

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Yuan George Shan ◽  
Junru Zhang ◽  
Manzurul Alam ◽  
Phil Hancock
Keyword(s):  
New Zealand ◽  
Generalized Method Of Moments ◽  
Sustainability Reporting ◽  
Ordinary Least Squares ◽  
University Rankings ◽  
University Ranking ◽  
Data Set ◽  
Content Type ◽  
The University ◽  
Reporting Channels

Purpose This study aims to investigate the relationship between university rankings and sustainability reporting among Australia and New Zealand universities. Even though sustainability reporting is an established area of investigation, prior research has paid inadequate attention to the nexus of university ranking and sustainability reporting. Design/methodology/approach This study covers 46 Australian and New Zealand universities and uses a data set, which includes sustainability reports and disclosures from four reporting channels including university websites, and university archives, between 2005 and 2018. Ordinary least squares regression was used with Pearson and Spearman’s rank correlations to investigate the likelihood of multi-collinearity and the paper also calculated the variance inflation factor values. Finally, this study uses the generalized method of moments approach to test for endogeneity. Findings The findings suggest that sustainability reporting is significantly and positively associated with university ranking and confirm that the four reporting channels play a vital role when communicating with university stakeholders. Further, this paper documents that sustainability reporting through websites, in addition to the annual report and a separate environment report have a positive impact on the university ranking systems. Originality/value This paper contributes to extant knowledge on the link between university rankings and university sustainability reporting which is considered a vital communication vehicle to meet the expectation of the stakeholder in relevance with the university rankings.

Performance of agricultural cooperative banks in Japan

2019 ◽  
Vol 80 (1) ◽  
pp. 38-50
Author(s):  
Kozo Harimaya ◽  
Koichi Kagitani
Keyword(s):  
Stochastic Frontier ◽  
Ordinary Least Squares ◽  
Agricultural Cooperatives ◽  
Least Squares Regression ◽  
Business Services ◽  
Lower Efficiency ◽  
Data Set ◽  
Content Type ◽  
Banking Business ◽  
Insurance Business

Purpose The purpose of this paper is to investigate the efficiency of the banking business of Japan’s agricultural cooperatives (JAs), which depend heavily on financial business with non-farmers, contradictory to cooperative principles. Design/methodology/approach The authors construct a panel data set over 2005–2016 from the financial statements of JAs’ prefectural-level federations and use the input distance stochastic frontier model with a time-variant inefficiency effect for analysis. Both the flow and stock measures of the banking output are used in identical models and the efficiency results are compared. The authors also investigate the determinants of efficiency by using the Tobit and ordinary least squares regression models. Findings There is strong evidence of significant prefectural differences in efficiency values. The ratio of lending to non-members to total loans is positively related to efficiency. In contrast, the higher reliance on a central organization and credit business leads to lower efficiency. Research limitations/implications Apart from banking, JAs provide mutual insurance business services. As the authors investigate only the efficiency of JAs’ banking business in this study, it would be necessary to investigate the efficiency of their insurance business as well when evaluating JAs’ overall financial business. Originality/value There are few studies that investigate the efficiency of JAs’ banking business and its determinants, although significant attention has been paid to their excessive dependence on the financial business.

scholarly journals Tourism and social media in the world: an empirical investigation

2019 ◽  
Vol 46 (7) ◽  
pp. 1319-1331 ◽  
Author(s):  
Simplice Asongu ◽  
Nicholas M. Odhiambo
Keyword(s):  
Social Media ◽  
Customer Service ◽  
Positive Relationship ◽  
Negative Binomial ◽  
Empirical Studies ◽  
Ordinary Least Squares ◽  
Data Set ◽  
Content Type ◽  
Development Outcomes ◽  
The Relationship

Purpose The purpose of this paper is to examine the relationship between tourism and social media from a cross section of 138 countries with data for the year 2012. Design/methodology/approach The empirical evidence is based on Ordinary Least Squares, Negative Binomial and Quantile Regressions. Findings Two main findings are established. First, there is a positive relationship between Facebook penetration and the number of tourist arrivals. Second, Facebook penetration is more relevant in promoting tourist arrivals in countries where initial levels in tourist arrivals are the highest and low. The established positive relationship can be elucidated from four principal angles: the transformation of travel research, the rise in social sharing, improvements in customer service and the reshaping of travel agencies. Originality/value This study explores a new data set on social media. There are very few empirical studies on the relevance of social media in development outcomes.

Why do large firms pay higher wages? Evidence from matched worker‐firm data

2005 ◽  
Vol 26 (7/8) ◽  
pp. 705-723 ◽  
Author(s):  
Thierry Lallemand ◽  
Robert Plasman ◽  
François Rycx
Keyword(s):  
Private Sector ◽  
Firm Size ◽  
Wage Premium ◽  
Individual Characteristics ◽  
Substantial Part ◽  
Large Firms ◽  
Skilled Workers ◽  
Data Set ◽  
Content Type ◽  
Firm Data

PurposeThis paper analyses the magnitude and sources of the firm‐size wage premium in the Belgian private sector.Design/methodology/approachUsing a unique matched employer‐employee data set, our empirical strategy is based on the estimation of a standard Mincer wage equation. We regress individual gross hourly wages (including bonuses) on the log of firm‐size and insert step by step control variables in order to test the validity of various theoretical explanations.FindingsResults show the existence of a significant and positive firm‐size wage premium, even when controlling for many individual characteristics and working conditions. A substantial part of this wage premium derives from the sectoral affiliation of the firms. It is also partly due to the higher productivity and stability of the workforce in large firms. Yet, findings do not support the hypothesis that large firms match high skilled workers together. Finally, results indicate that the elasticity between wages and firm‐size is significantly larger for white‐collar workers and comparable in the manufacturing and the service sectors.Research limitation/implicationsUnfortunately, we are not able to control for the potential non‐random sorting process of workers across firms of different sizes.Originality/valueThis paper is one of the few to test the empirical validity of recent hypotheses (e.g. productivity, job stability and matching of high skilled workers). It is also the first to analyse the firm‐size wage premium in the Belgian private sector.

Assessment of performance using MPSS based DEA

2015 ◽  
Vol 22 (4) ◽  
pp. 624-642 ◽  
Author(s):  
Subhadip Sarkar
Keyword(s):  
Principal Component ◽  
Original Data ◽  
Data Envelopment ◽  
Data Set ◽  
Content Type ◽  
Cost Strategy ◽  
A New Technique ◽  
Most Productive Scale Size ◽  
Practical Implications

Purpose – Identification of the best school among other competitors is done using a new technique called most productive scale size based data envelopment analysis (DEA). The paper aims to discuss this issue. Design/methodology/approach – A non-central principal component analysis is used here to create a new plane according to the constant return to scale. This plane contains only ultimate performers. Findings – The new method has a complete discord with the results of CCR DEA. However, after incorporating the ultimate performers in the original data set this difference was eliminated. Practical implications – The proposed frontier provides a way to identify those DMUs which follow cost strategy proposed by Porter. Originality/value – A case study of six schools is incorporated here to identify the superior school and also to visualize gaps in their performances.

Determinants of SME growth

2016 ◽  
Vol 39 (9) ◽  
pp. 966-986 ◽  
Author(s):  
Habib Kachlami ◽  
Darush Yazdanfar
Keyword(s):  
Random Effects ◽  
Financial Institutions ◽  
Significant Influence ◽  
Fixed Effects ◽  
Explanatory Power ◽  
Ordinary Least Squares ◽  
Firm Level ◽  
Data Set ◽  
Content Type

Purpose The purpose of this paper is to study the firm-level financial variables affecting the growth of small and medium-sized enterprises (SMEs). Design/methodology/approach The study applies a resource-based view to analyze the firm-level as well as industry-level determinants of SME growth. Empirical evidence has also been provided from a data set of SMEs in Sweden to support the hypotheses. For a robust statistical analysis, three models – ordinary least squares (OLS) regression, random-effects regression and fixed-effects regression – are used to examine the influence of explanatory variables on growth. Findings The findings of this study show a positive and significant influence of profitability, short-term debt and size on a firm’s growth across all three models. Results regarding the influence of long-term debt on growth, however, are mixed. While the results of a fixed-effect model show the negative and significant influence of long-term debt on growth, the results according to OLS and random effects show long-term debt positively related to growth. Research limitations/implications This study has been conducted over a period of four years and in the context of Sweden which may limit the generalizability of its results for longer periods and for different contexts. Moreover, the low explanatory power of the models implies the need to also consider other types of variables, such as managerial or socio-economic variables, to better explain the determinants of SME growth. Practical implications Understanding the determinants of growth can be important for policy makers, SME managers and financial institutions. The findings of this study can be used for designing policies which stimulate SME growth. Realizing the financial resources that influence growth can also help SME managers and financial institutions to understand each other’s need for better cooperation. Originality/value This paper applies different models for analyzing large and cross-sectoral data regarding SME growth in the context of Sweden.

scholarly journals Voluntary appointment of independent directors: evidence from Taiwan

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Mao-Feng Kao ◽  
Lynn Hodgkinson ◽  
Aziz Jaafar
Keyword(s):  
Corporate Governance ◽  
Least Squares ◽  
Research Work ◽  
Ordinary Least Squares ◽  
Independent Directors ◽  
Parameter Estimates ◽  
Two Stage ◽  
Data Set ◽  
Content Type ◽  
Two Stage Least Squares

Purpose Using a data set of Taiwanese listed firms from 2002 to 2015, this paper aims to examine the determinants to voluntarily appoint independent directors. Design/methodology/approach This study uses panel estimation to exploit both the cross-section and time-series nature of the data. Further, this paper uses Tobit regression, generalized linear model (GLM) in the additional analysis and the two-stage least squares to mitigate for a possible endogeneity issue. Findings The main findings show that Taiwanese firms with large board sizes tend to voluntarily appoint independent directors and firms that already have independent supervisors more willingly to accept additional independent directors onto the board. Furthermore, ownership concentration and institutional ownership are positively associated with the voluntary appointment of independent directors. On the contrary, firms controlled by family members are generally reluctant to voluntarily appoint independent directors. Research limitations/implications The findings are important for managers, shareholders, creditors and policymakers. In particular, when considering the determinants of the voluntary appointment of independent directors, the results indicate that independent supervisors, outside shareholders and institutional investors are significant factors in influencing effective internal and external corporate governance mechanisms. This research work focuses on the voluntary appointment of independent directors. It would be interesting to compare the effectiveness of voluntary appointments with a mandatory appointment within Taiwan and with other jurisdictions. Originality/value This study incrementally contributes to the corporate governance literature in several ways. First, this study extends the earlier research by using a more comprehensive data set of non-financial Taiwanese firms and using alternative methodologies to investigate the determinants of voluntary appointment of independent directors. Second, prior studies tend to neglect the possible issue of using a censored and fractional dependent variable, the proportion of independent directors, which might yield biased and inconsistent parameter estimates when using ordinary least squares regression estimation. Finally, this study addresses the relevant econometric issues by using the Tobit, GLM and the two-stage least squares for a possible endogeneity concern.

Educational tourism and experiential learning: students’ perceptions of field trips

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Charles Arcodia ◽  
Margarida Abreu Novais ◽  
Nevenka Cavlek ◽  
Andreas Humpe
Keyword(s):  
Experiential Learning ◽  
Principal Component ◽  
Field Trips ◽  
Small Data ◽  
Key Factors ◽  
Data Set ◽  
Content Type ◽  
Future Studies ◽  
Paired Samples ◽  
Educational Tourism

Purpose This paper aims to investigate participants’ motivations and perceptions of a field trip. Specifically, this paper examines if and how students’ perceptions change with time and it explores the main factors for ensuring success in an experiential learning tourism program. Design/methodology/approach The study gathered and compared data collected in two points in time – immediately at the end of the experience and two months afterward. T-tests for paired samples were used to examine potential differences in perceptions and principal component analysis was used to identify the key factors determining the success of the experience. Findings The findings indicate that there are various motivations behind participation and that time barely affects perceptions of the experience. Furthermore, three factors emerged as important for meeting expectations, namely, social and professional connections, learning and traditional yet engaging teaching. Research limitations/implications While the outcomes are useful, they need to be thoughtfully applied because of the small data set. It is important to repeat similar investigations to allow more certainty in the propositions formulated. Furthermore, future studies should evaluate a broader variety of outcomes to determine whether perceptions remain constant. The implications are that educators and destination managers can easily apply these conclusions for the benefit and the findings can inform other field trips and broader experiential initiatives. Originality/value Despite research on learning outcomes and perceptions of experiential learning having expanded considerably, a fundamental question that remains unanswered is how perceptions of such experiences change and, consequently, when the most appropriate time is to assess participant perceptions.

scholarly journals The determinants of conventional banks profitability in developing and underdeveloped OIC countries

2019 ◽  
Vol 24 (47) ◽  
pp. 4-28 ◽  
Author(s):  
Ahmad Al-Harbi
Keyword(s):  
Deposit Insurance ◽  
Banking System ◽  
Ordinary Least Squares ◽  
Policy Implications ◽  
Data Set ◽  
Content Type ◽  
Pure Sample ◽  
Insurance System ◽  
Deposit Insurance System ◽  
Conventional Banks

Purpose The purpose of this study is to investigate the effect of internal and external variables on the profitability of conventional banks operating on developing and underdeveloped countries, the Organization of Islamic Cooperation (OIC) states. Design/methodology/approach In this paper, the author uses ordinary least squares fixed-effects model on an unbalanced panel data set of all conventional banks operating in OIC countries (52 countries included from 57) over the period 1989-2008, 686 banks. Findings The results suggest that equity, foreign ownership, off-balance sheet (OBS) activities, real gross domestic product growth, real interest rate and concentration foster banks’ profitability. In addition, the results showed that the banking sector development and loans will increase banks’ profitability in the long run in the countries of the studies. In contrast, the study reported that deposits lower profitability. The study also revealed that GDP per capita, market capitalization and banks size have no impact on profitability. Practical implications The findings of this study have considerable policy implications. First, policymakers need to regulate nontraditional activities to avoid any financial crisis because banks in OIC countries are heavily engaged in nontraditional activities to boost its profit. Second, policymakers are advised to improve the deposit insurance system to insure the stability of the financial system as well as improving banks’ profitability. Third, policymakers need to improve the efficiency of the stock market, maintain small banking system and encourage foreign investments in the banking system. Originality/value The paper adds to the literature on the commercial bank’s profitability determinants. In particular, such study has not been conducted on OIC countries, and the study included all mainstream banks and incorporated the effect of deposit insurance system so far. Also, pure sample of conventional banks used as many conventional banks in OIC countries have Islamic windows or offer Islamic products. In addition, this study investigated the effect of OBS activities on net interest margin (NIM) because the studies that explored this interrelationship are limited especially for developing and under developed countries. The results showed that OBS activities contributed significantly and positively to return on assets and NIM. Moreover, this paper used a pure sample of conventional banks to avoid any biasness; see data section. Moreover, this study gives an idea about the economic situation and financial conditions of OIC countries during the period of the study.

Altmetrics: “big data” that map the influence of New Zealand research

2018 ◽  
Vol 35 (4) ◽  
pp. 1-5 ◽  
Author(s):  
Stacy Konkiel ◽  
Stephanie Guichard
Keyword(s):  
New Zealand ◽  
Citation Analysis ◽  
Design Methodology ◽  
Research Impact ◽  
University Rankings ◽  
Journal Articles ◽  
Data Set ◽  
Content Type ◽  
Mainstream Media ◽  
The Impact

Purpose Altmetrics can offer organizations a unique opportunity to understand the non-traditional scholarly and public influence of their institutions’ research. This paper aims to look at bibliometrics and altmetrics for New Zealand research published in 2016 to understand the country’s research’s reach in social media, mainstream media and public policy, as well as more traditional measures of research impact such as university rankings, citations and publications. Design/methodology/approach Research insights platform Dimensions was searched for author affiliations and publication dates for papers published in 2016 by New Zealand researchers (n = 10,934). The study then used Dimensions to perform citation analysis and Altmetric Explorer to find altmetrics for these journal articles, and to generate visualizations to better interrogate the data set. Findings Of the 10,934 papers published in 2016 by New Zealand (2016 NZ) researchers, 5,413 (49.5 per cent) were mentioned 86,915 times in one of the 16 sources that Altmetric tracks. Twitter, news outlets and Facebook were among the sources that showed the most engagement with New Zealand 2016 research. Citation analysis tools in Dimensions showed that New Zealand 2016 research had a higher than average Field Citation Ratio (1.51) and Relative Citation Ratio (1.29). Originality/value This study combines traditional bibliometric analysis with altmetrics to find new insights into the impact of recent New Zealand research. It suggests new means for organizations to demonstrate the value of the research they produce.

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