The Relationship Between Dividend Yields and Common Equity Returns for Hotel and Lodging Firms in the United Kingdom, the United States, and Japan: Some Empirical Evidence

1998 ◽  
Vol 22 (1) ◽  
pp. 84-97 ◽  
Author(s):  
Atul Sheel

Dividend policies of hotel and lodging firms are often constrained by various restrictive debt covenants. Such restrictions are imposed by institutional lenders as protective measures, especially when the financial and operating leverage trends in a specific industry group are very high. Given such restrictions and constrained dividend payouts, the question of “dividend relevance” has special importance for firms in the hotel and lodging industry. This research is a cross-sectional analysis of the dividend/return relationship for hotel and lodging firms in three major G7 markets, namely, the United Kingdom, the United States, and Japan. Although empirical findings suggest a positive nonlinear dividend/return relationship for hotel and lodging firms in these countries, they also reveal the presence of distinct country-specific effects in the above relationship. As such, the nature of the relationship between dividend yields and common equity returns for hotel and lodging firms is better understood from a global perspective.

1980 ◽  
Vol 58 (6) ◽  
pp. 658-662 ◽  
Author(s):  
Shozo Takai

Forty-seven isolates of Ceratocystis ulmi collected from Canada, the United States, the United Kingdom, France, the Netherlands, and Iran were classified with respect to their ability to produce cerato-ulmin (CU) and synnemata, their radial growth, mycelial habit, and pathogenicity.Twenty-nine isolates clearly produced CU in a measurable quantity while 18 isolates produced it only in trace quantities. In general, the former produced fluffy mycelium and were active in synnemata formation. They were aggressive in pathogenicity with one exception. The latter group of isolates generally produced waxy, yeastlike mycelium and formed very few synnemata. They were all nonaggressive in pathogenicity. Radial growth was generally higher among the isolates that produced CU in larger quantities than among those producing CU in trace quantities. The relationship between CU production and pathogenicity affords a method for estimating isolate pathogenicity without the need for host inoculation.


2005 ◽  
Vol 47 (02) ◽  
pp. 77-102 ◽  
Author(s):  
Richard C. Jones

Abstract Mexico and Ireland, traditionally countries of emigration, experienced pronounced multinationalization of their economies during the 1990s. In Ireland net emigration declined, but in Mexico it remained quite high, suggesting that Ireland advanced in the mobility transition while Mexico did not. Several reasons are offered to explain this, reflecting Mexico's relationships with the United States, multinational corporations, and local income and social conditions in Mexican regions. In Ireland and its relationship with the United Kingdom, by contrast, these factors generally took the reverse direction. This article uses the comparison to examine the relationship between declining emigration and multinational investment and the question of whether Mexico may be expected eventually to reverse its present trends.


SAGE Open ◽  
2020 ◽  
Vol 10 (3) ◽  
pp. 215824402095126
Author(s):  
Shesen Guo ◽  
Ganzhou Zhang

By using machine learning technique, this article presents sentiment and concept analyses on 48,043 articles published in The Economist from 1991 through 2016. The Economist is one of the world’s most influential political and economic magazines. The article analyzes and compares the magazine’s sentiment orientations toward the Group of Seven’s ingroup member countries (Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States) and its outgroup member country China. The sentiment analyses are performed on and compared between different periods of Clinton’s, Bush’s, and Obama’s administrations in the United States; Major’s, Blair’s, Brown’s, and Cameron’s cabinets in the United Kingdom; and Kohl’s, Schröder’s, and Merkel’s in Germany. The relationship between China hosting the Olympic Games or its growing economic power and the magazine’s sentiment orientations toward the country is examined. The concept analysis on the articles with extreme positivity or negativity shows that there is no difference between the ingroup and outgroup members in the topics covered in The Economist.


Author(s):  
Mark Garnett

This chapter examines the basic features of conservative ideology, with particular emphasis on its strongly contested nature. It begins with a discussion of two major issues: whether conservatism is distinctive ideology and whether the core ideas of conservatism have changed over time. It then shows how conservatism differs from varieties of liberalism and goes on to explore ‘conservatism’ in the United States, along with some apparent manifestations of conservatism in political parties and movements outside the United Kingdom. Finally, it looks at the relationship between conservatism and religion. Case studies on the ideas of Edmund Burke, Winston Churchill, Barry Goldwater, and Friedrich von Hayek are presented.


2019 ◽  
Vol 110 (1) ◽  
pp. 34-40 ◽  
Author(s):  
Long Zhou ◽  
Jeremiah Stamler ◽  
Queenie Chan ◽  
Linda Van Horn ◽  
Martha L Daviglus ◽  
...  

ABSTRACT Background Several studies have reported that dietary salt intake may be an independent risk factor for overweight/obesity, but results from previous studies are controversial, reflecting study limitations such as use of a single spot urine or dietary recall to estimate daily salt intake rather than 24-h urine collections, and population samples from only a single country or center. Objective The aim of this study was to use data from the International Study of Macro-/Micro-nutrients and Blood Pressure (INTERMAP Study) to explore the relation between dietary salt intake estimated from 2 timed 24-h urine collections and body mass index (BMI; in kg/m2) as well as prevalence of overweight/obesity in Japan, China, the United Kingdom, and the United States. Methods Data were from a cross-sectional study of 4680 men and women aged 40–59 y in Japan (n = 1145), China (n = 839), the United Kingdom (n = 501), and the United States (n = 2195). General linear models were used to obtain the regression coefficients (β) of salt intake associated with BMI. Multivariable logistic regression models were used to determine the ORs and 95% CIs of overweight/obesity associated with a 1-g/d higher dietary salt intake. Results After adjustment for potential confounding factors including energy intake, salt intake 1 g/d higher was associated with BMI higher by 0.28 in Japan, 0.10 in China, 0.42 in the United Kingdom, and 0.52 in the United States, all P values < 0.001. Salt intake 1 g/d higher was associated with odds of overweight/obesity 21% higher in Japan, 4% higher in China, 29% higher in the United Kingdom, and 24% higher in the United States, all P values < 0.05. Conclusions Salt intake is positively associated with BMI and the prevalence of overweight/obesity in Japan, China, the United Kingdom, and the United States. This association needs to be further confirmed in well-designed prospective studies with repeated dietary and BMI measurements.This trial was registered at clinicaltrials.gov as NCT00005271.


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