A communicative efficiency and effectiveness model for using metaphor and metonymy in financial news reporting

2015 ◽  
Vol 23 (3) ◽  
pp. 216-230 ◽  
Author(s):  
Michael O'Mara-Shimek
Keyword(s):  
Stock Market ◽  
News Media ◽  
Domain Model ◽  
Content Type ◽  
Source Domain ◽  
Financial News ◽  
Efficiency And Effectiveness ◽  
Communicative Efficiency ◽  
Metaphor And Metonymy

Purpose – The purpose of this paper is to propose a model to increase the efficiency and effectiveness of metaphor when used in financial news media reporting. Design/methodology/approach – Theory in Cognitive Linguistics, Conceptual Metaphor Theory and Frame Semantics are used to demonstrate metaphor’s central role shaping human thought and understanding, producing conceptual frameworks used to understand abstract concepts in not only financial news media but also all human discourse. The deontological principles of the major financial news sources are presented which demonstrate a commitment to common core principles, such as “balance” and “accuracy”, yet few consider the potential role of metaphor toward achieving them. This research presents a minimum source domain model for describing stock market phenomenon to increase “interpretation reliability” based on the concepts of communicative efficiency and effectiveness. Findings – This research presents a model for communicative efficiency and effectiveness of metaphor and metonymy (CEEMM) in financial reporting by presenting a minimum source domain model for describing stock market phenomenon to increase “interpretation reliability” when metaphor is used in financial news media sources. Research limitations/implications – While evidence for the role of metaphor and metonymy on behavior has been provided and in economic contexts, more research into the role that it plays in financial news media and the dynamics of how it influences consumer decisions is necessary. Practical implications – CEEMM provides news media sources with a tool for standardizing the modes they use to semantically create and communicate knowledge of the stock market and stock market phenomenon. Reporting on stock market phenomenon will have, for the first time, objective parameters for using metaphor toward the fulfillment of journalism deontological principles. Social implications – CEEMM has the potential to increase clarity in the metaphors used, as they require less creative exploration on the part of readers. This results in greater levels of trust in news media sources and permits news consumers to make more well-informed financial decisions, as their perceptions of events will be less subjective to creative interpretation. This research should urge news media companies to publicly declare principles for metaphor and metonymic practice in their communication of financial data. Originality/value – The paper presents the first model for increasing the communicative efficiency and effectiveness in the use of metaphor in financial news media.

scholarly journals Do steering committees really steer?

2019 ◽  
Vol 12 (3) ◽  
pp. 785-807
Author(s):  
Stephen Keith McGrath ◽  
Stephen Jonathan Whitty
Keyword(s):  
Internal Conflict ◽  
Future Research ◽  
Structured Interviews ◽  
Tree Model ◽  
Content Type ◽  
Governance Model ◽  
Efficiency And Effectiveness ◽  
Project Coordination ◽  
Governance Arrangements

Purpose The purpose of this paper is to investigate the confusion among project management practitioners about the role of steering committees. Design/methodology/approach Semi-structured interviews were conducted with highly experienced participants selected from a range of industries and disciplines in Queensland, Australia. Findings Six separate confusions on the role of steering committees were identified within that practitioner community. However, despite participants expressing various opposing views, they had actually come to the same working arrangements for their committees; all that was missing was a common conceptualisation of these working arrangements and consistent terminology. Research limitations/implications The paper provides clear evidence to the academic literature that confusion over the role of steering committees actually exists within the practitioner community and identifies six separate ways in which this occurs. It also identifies a problematic error in the widely used PRINCE2 governance model. Clarity in committee governance arrangements will facilitate future research endeavours through the removal of confusion surrounding committee labelling and accountability. Practical implications A committee decision tree model that guards against all six confusions is proposed for practitioner use, providing a means of avoiding unnecessary internal conflict within organisational governance arrangements. It can be used to check terms of reference of existing or proposed committees, facilitating organisational efficiency and effectiveness. The suggested renaming of project control groups to project coordination groups, and discontinuance of the practice of labelling committees that cannot authorise their decisions as either steering committees or boards, further supports this. Social implications Reconciliation of terminology with actual practice and the consequent clarity of governance arrangements can facilitate building social and physical systems and infrastructure, benefitting organisations, whether public, charitable or private. Originality/value Clarity regarding committee accountability can avoid confusion, misunderstanding and their consequent waste of time, resources and money.

Media discourse in a hyper connected society: a comparison between media frame and Twitter discourse during media strike

Info ◽  
2014 ◽  
Vol 16 (2) ◽  
pp. 67-79 ◽  
Author(s):  
Seong Eun Cho ◽  
Dong-Hee Shin
Keyword(s):  
New Media ◽  
News Media ◽  
Social Issues ◽  
Semantic Network ◽  
News Frames ◽  
Data Set ◽  
Media Environment ◽  
Content Type ◽  
The Impact

Purpose – This study aims to examine the impact of news frames associated with traditional media and with Twitter discourse on social issues. Design/methodology/approach – Using semantic network analysis, it identifies the role of new alternative channels as well as discussing ways of understanding and consuming news content in the changing media environment. Additionally, it focuses on the dominant Twitter communicators who rank high in betweenness centrality. Findings – The results confirmed that traditional news media tend to superficially describe main events and media strikes without comment. They tended to consciously or unconsciously favor media corporations by engendering anxiety and conflict or by restraining reports on the rationales of the strike. Twitter discourse, on the contrary, positively represents the striker's arguments and frequently reveals support of the strike. Research limitations/implications – The data set of this study was specialized, not generalized. However, the findings extend literature relating to the role of journalism and alternative channel. For example, this study indicated that the change of media environment has reinforced partiality of news, including both traditional and alternative channels. Practical implications – The findings imply that the advent of new media does not purely represent a laymen's voice and rather tends to strengthen the partiality of media, including both traditional and new media, beyond selective exposure on content of the receiver. Originality/value – By clarifying the influence of alternative channels, this study suggests the counterpart of traditional journalism in the near future.

News media and perceptions of police: a state-of-the-art-review

2019 ◽  
Vol 42 (2) ◽  
pp. 209-225 ◽  
Author(s):  
Lisa M. Graziano
Keyword(s):  
News Media ◽  
Television News ◽  
News Coverage ◽  
Media Consumption ◽  
Content Type ◽  
High Profile ◽  
Causal Pathways ◽  
Meta Review ◽  
Perceptions Of Police

PurposeThe purpose of this paper is to provide a systematic review of the literature examining the role of news media consumption and awareness in shaping public attitudes about police.Design/methodology/approachA comprehensive, systematic search of multiple academic databases (e.g. EBSCO Host) was undertaken, supplemented by the use of Google Scholar to search among journals indicated as having cited the articles found in the databases.FindingsA total of 42 studies were identified that met the selection criteria for this meta-review and examined exposure to high-profile incidents involving police, awareness of negative news coverage of police, and/or consumption of specific news mediums (e.g. newspapers). Overall, research supports a relationship between negative perceptions of police and both exposure to high-profile incidents and awareness of negative coverage. Some support for the influence of consuming television news on attitudes exists, but more research is needed on the role of different news sources in shaping perceptions. Future research should also include determining causal pathways and how news about police is selected.Originality/valueThis is the first meta-review of the research examining how news media and attitudes about police are related. This study will provide a useful resource for those researchers wishing to continue to examine different aspects of news media consumption as a predictor of perceptions.

scholarly journals Mountain tourism and second home tourism as post COVID-19 lockdown placebo?

2020 ◽  
Vol 12 (4) ◽  
pp. 485-500 ◽  
Author(s):  
Hugues Seraphin ◽  
Frederic Dosquet
Keyword(s):  
News Media ◽  
Design Methodology ◽  
Tourism Industry ◽  
Narrative Approach ◽  
Content Type ◽  
Second Home ◽  
Significant Interest ◽  
Current Concern

Purpose The purpose of this study adopts a news media narrative approach to Yield insights on aspects of the COVID-19 impact. Design/methodology/approach This study adopts a news media narrative approach as this method can yield insights on aspects of the COVID-19 impact. Findings In the post-COVID-19 lockdown context, second-home tourism and mountain tourism could play the role of placebo. The dual dimension of second-home tourism and mountain tourism reflect the Janus-faced character of the tourism industry. Beyond the fact that this study has highlighted the placebo role that both forms of tourism are probably going to play, it makes the connection between mountain tourism and second-home tourism; highlights the Janus-faced character of both forms of tourism; and highlights the mutation impacts of COVID-19 on tourism trends. Originality/value COVID-19 is the current concern, and this paper offers a timely perspective on a topic of significant interest.

Cultural traits and stock market development: an empirical analysis

2015 ◽  
Vol 4 (1) ◽  
pp. 33-49 ◽  
Author(s):  
Nabamita Dutta ◽  
Deepraj Mukherjee
Keyword(s):  
Stock Market ◽  
Uncertainty Avoidance ◽  
Market Development ◽  
Cultural Dimension ◽  
Content Type ◽  
Stock Market Development ◽  
Cultural Trait ◽  
Cross Country ◽  
Cultural Traits

Purpose – During recent times, the stock market has emerged as a major financial institution of an economy. Yet, cross-country differences, in size and role of stock market, persist. The purpose of this paper is to investigate the correlation between cultural traits and the development of the stock market in a country. Considering multiple dimensions of culture, identified in the literature by Hofstede (1980/2001) and World Value Survey, the authors construct the hypotheses: trust, a key cultural trait, should positively influence stock market development; uncertainty avoidance, Hofstede’s cultural dimension should negatively influence the development of the stock market; and individualism, an alternate cultural dimension of Hofstede’s measures, should be positively correlated with stock market development. The cross-country empirical analysis supports the hypotheses. The results hold for multiple measures of stock market development. Design/methodology/approach – This paper investigates the correlation between various cultural traits and the development of the stock market in a country. Specifically, the authors consider three different cultural trait measures. The authors consider a cross-sectional analysis of an extensive number of countries. While all explanatory variables of interest are considered over the period 2000-2007, the authors consider 2008 figures for the dependent variables of interest, financial development. Ordinary least squares is considered as the benchmark specification. Robust regression has been considered as part of robustness analysis. The authors mention throughout the paper that the results stress on significant association between the variables, only. Findings – The empirical results support the hypotheses. The first measure, trust, is positively associated with stock market development of a nation. Statistically, for one standard deviation rise in trust (1 SD=37.5), stock market capitalization will go up between 11 and 19 percentage points. Uncertainty avoidance, the second measure is negatively correlated and statistically, the impact is much greater. Finally, the third measure, individualism, is positively correlated with stock market development. Statistically, for one SD rise in individualism (SD=23.9), stock market capitalization will rise by 23 percentage points. Originality/value – Existing literature has stressed the role of cultural traits – trust, uncertainty avoidance, individualism – in the promotion of entrepreneurship, innovation and growth. Since most startups need to raise capital in order to implement their new ideas, cross-country heterogeneity in the strength of capital markets may lead to important differences in entrepreneurship and productivity growth across economies (Greenwood and Jovanovic, 1990; Jayaratne and Strahan, 1996; Levine, 1997; Beck et al., 2000; Guiso et al., 2004). Yet, the link between stock market development and cultural traits has not been established in the literature. This paper aims to fill this missing link.

Role of social networks in library and information services in India: a case study of efficiency and effectiveness

2014 ◽  
Vol 31 (5) ◽  
pp. 11-13 ◽  
Author(s):  
Abdul Mannan Khan ◽  
Aslam Ansari
Keyword(s):  
Design Methodology ◽  
Information Science ◽  
Technology Literacy ◽  
Library And Information Science ◽  
Content Type ◽  
Efficiency And Effectiveness ◽  
Develop Technology ◽  
Information Professionals

Purpose – This study aims to examine the effective and efficiency account of social networking (SN) tools and how it affects communication with others and anticipatory awareness. Design/methodology/approach – For the purpose of the study, a set of questionnaires was prepared by the authors and furnished to information professionals. Findings – The findings disclose that some SN tools are gaining popularity among Library and Information Science (LIS) professionals in India. The most active professionals are aged 26-35 years; the habits of using SN are different from traditional searches for research purposes. The professionals provide opinion that SN is very effective to deliver LIS. Research limitations – The present study assesses the role of SN in LIS from information professionals of Indian science and technology institutions. Originality/value – SN is growing rapidly as a medium of communication between individuals to share their experiences and information regarding interests, and also helps to build ongoing relationships. In the field of LIS services, it may help to develop technology literacy and proficiency.

scholarly journals The framing and reframing of corporate financial results

2016 ◽  
Vol 21 (1) ◽  
pp. 103-119 ◽  
Author(s):  
Julian Rosenkranz ◽  
Irene Pollach
Keyword(s):  
Press Releases ◽  
Content Type ◽  
Financial News ◽  
Financial Communication ◽  
News Agencies ◽  
Corporate Earnings ◽  
Positive Statements ◽  
Earnings Releases ◽  
Earnings Press Releases

Purpose – News agencies are important stakeholders for large organizations, since the news they distribute will be adopted by other news outlets, which influence public opinion and hence corporate reputation. The purpose of this paper is to advance the understanding of how corporate earnings press releases are transformed into financial news by investigating whether the frames introduced by companies are adopted or reframed by news agencies. Design/methodology/approach – A content analysis of framing techniques in corporate earnings releases and their corresponding news-agency releases was performed, focussing on the financial figures and benchmarks presented, performance attributions, and the tonality of the texts. Findings – The findings suggest that news agencies reframe earnings releases at the textual-pragmatic level by reducing their length, using fewer financial figures, and changing the position of these figures in the texts; they increase transparency by avoiding adjusted financial figures, qualifying figures, and adding analyst assessments; and they change the tonality by down-toning positive statements and highlighting negative aspects. Originality/value – This paper makes a contribution to the field of corporate financial communication, which has not shed much light on the transformation of earnings press releases into financial news. In addition, this paper contributes to the stream of research on journalistic transformations of corporate press releases in general, which has ignored the influential role of news agencies as both manufacturers and wholesalers of news.

scholarly journals The role of metaphtonymy in verbalizing futurological concepts

2020 ◽  
pp. 251-263
Author(s):  
E. N. Kovyazina ◽  
Keyword(s):  
Hierarchical Structure ◽  
Conceptual Analysis ◽  
Third Wave ◽  
Target Domain ◽  
Source Domain ◽  
Verbal Representation ◽  
The Third ◽  
Dominant Member ◽  
Metaphor And Metonymy

The paper touches upon the problem of metaphtonymy in futurological discourse as well as its role in verbalizing futurological concepts FUTURE SHOCK, THE THIRD WAVE, and SUI-CIDE. The investigation aimed to determine the peculiar features of metaphtonymy and de-fine its role in the verbal representation of futurological concepts. The investigation is based on the novels of a prominent American futurologist A. Toffler “The Future Shock,” “The Third Wave” and a famous American publicist P. Buchanan “Suicide of a Superpower: Will America Survive to 2025?”. The techniques employed include conceptual analysis, metaphor, and metonymy modeling. 75 contexts of metaphtonymy of certain types (“metaphor in me-tonymy,” “metonymy in metaphor,” “metonymy, metaphor in metaphor”, “metaphor, meton-ymy, metaphor in metaphor,” etc.) were identified, and all of them proved to be involved in the verbal representation of the futurological concepts. The analysis showed that all the metaphtonymic unities had a hierarchical structure with one prevailing component and one or several subordinate elements. Moreover, metaphors are more likely than metonymies to act as a dominant member of the hierarchy, their target domain or/and source domain being motiva-tors for other components emerging in a metaphtonymic unity. As for the forms of metaphor and metonymy thinking in metaphtonymies under analysis, we found extended metaphors and metonymic chains and clusters. Metaphors (their target or/and source domains) turned to be most active in verbalizing the futurological concepts. The variants of verbalization are as fol-lows: “future shock as a disease,” “the third wave as evolution design,” “suicide as ethnomasochism,” etc.

scholarly journals Downside systematic risk in Pakistani stock market: role of corporate governance, financial liberalization and investor sentiment

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Shahzad Hussain ◽  
Muhammad Akbar ◽  
Qaisar Ali Malik ◽  
Tanveer Ahmad ◽  
Nasir Abbas
Keyword(s):  
Corporate Governance ◽  
Stock Market ◽  
Financial Liberalization ◽  
Investor Sentiment ◽  
Systematic Risk ◽  
Downside Risk ◽  
Market Volatility ◽  
Content Type ◽  
The Impact

Purpose The purpose of this paper is to examine the impact of corporate governance, investor sentiment and financial liberalization on downside systematic risk and the interplay of socio-political turbulence on this relationship through static and dynamic panel estimation models. Design/methodology/approach The evidence is based on a sample of 230 publicly listed non-financial firms from Pakistan Stock Exchange (PSX) over the period 2008–2018. Furthermore, this study analyzes the data through Blundell and Bond (1998) technique in the full sample as well sub-samples (big and small firms). Findings The authors document that corporate governance mechanism reduces the downside risk, whereas investor sentiment and financial liberalization increase the investors’ exposure toward downside risk. Particularly, the results provide some new insights that the socio-political turbulence as a moderator weakens the impact of corporate governance and strengthens the effect of investor sentiment and financial liberalization on downside risk. Consistent with prior studies, the analysis of sub-samples reveals some statistical variations in large and small-size sampled firms. Theoretically, the findings mainly support agency theory, noise trader theory and the Keynesians hypothesis. Originality/value Stock market volatility has become a prime area of concern for investors, policymakers and regulators in emerging economies. Primarily, the existence of market volatility is attributed to weak governance, irrational behavior of market participants, the liberation of financial policies and sociopolitical turbulence. Therefore, the present study provides simultaneous empirical evidence to determine whether corporate governance, investor sentiment and financial liberalization hinder or spur downside risk in an emerging economy. Furthermore, the work relates to a small number of studies that examine the role of socio-political turbulence as a moderator on the relationship of corporate governance, investor sentiment and financial liberalization with downside systematic risk.

New FDI rules cast a shadow over Japan’s stock market

2019 ◽  
Keyword(s):  
Stock Market ◽  
Foreign Trade ◽  
Foreign Exchange ◽  
Foreign Investment ◽  
Content Type ◽  
Japanese Companies

Subject Reform of foreign investment regulations in Japan. Significance The cabinet has approved revisions to the Foreign Exchange and Foreign Trade Act that impose tougher controls on foreign investment in Japanese companies in strategically sensitive industries. The proposal is scheduled for submission to parliament before the current session ends next month. It is likely to pass and could take effect by March 2021. Its full effects will become clear only once the ministries publish rules that clarify ambiguities and as experience accumulates of how it is implemented in practice. Impacts Investors may become more cautious about their acquisitions, but could still be caught in time-consuming bureaucratic reviews. Despite government attempts to allay concerns, the role of foreign activist shareholders in Japanese companies will be tempered. The rules will not necessarily actually block investments, but will delay many and might deter some from even being attempted.

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