An Analysis of Restaurant Characteristics and Meal Prices in Melbourne, Australia

1996 ◽  
Vol 2 (1) ◽  
pp. 79-93 ◽  
Author(s):  
Pemasiri J. Gunawardana ◽  
Inka I. Havrila
Keyword(s):  
Investment Decisions ◽  
Marketing Strategies ◽  
Point Of View ◽  
Function Approach ◽  
Hedonic Price ◽  
Short Term ◽  
Hedonic Price Function ◽  
Price Functions ◽  
Restaurant Meals

This paper applies the hedonic price function approach to identify and estimate the variations in meal prices according to various characteristics of a sample of restaurants in Melbourne, Australia. The estimated hedonic price functions have important implications for restaurant marketing strategies and provide useful information to customers, and may serve to improve the efficiency in the market for restaurant dining. From the point of view of restaurant operators, the results indicate how short-term and long-term investment decisions may be made to impart particular characteristics. From the perspective of customers, the results provide information on price premia and discounts for restaurant meals according to each of the characteristics, including locations.

Does salience matter in investment decision?

Kybernetes ◽  
2019 ◽  
Vol 48 (8) ◽  
pp. 1894-1912
Author(s):  
Samra Chaudary
Keyword(s):  
Investment Decision ◽  
Investment Decisions ◽  
Equation Modeling ◽  
Individual Investors ◽  
Short Term ◽  
Content Type ◽  
Multigroup Analysis ◽  
Money Managers ◽  
The Impact

Purpose The paper takes a behavioral approach by making use of the prospect theory to unveil the impact of salience on short-term and long-term investment decisions. This paper aims to investigate the group differences for two types of investors’ groups, i.e. individual investors and professional investors. Design/methodology/approach The study uses partial least square-based structural equation modeling technique, measurement invariance test and multigroup analysis test on a unique data set of 277 active equity traders which included professional money managers and individual investors. Findings Results showed that salience has a significant positive impact on both short-term and long-term investment decisions. The impact was almost 1.5 times higher for long-term investment decision as compared to short-term decision. Furthermore, multigroup analysis revealed that the two groups (individual investors and professional investors) were statistically significantly different from each other. Research limitations/implications The study has implications for financial regulators, money managers and individual investors as it was found that individual investors suffer more with salience heuristic and may end up with sub-optimal portfolios due to inefficient diversification. Thus, investors should be cautious in fully relying on salience and avoid such bias to improve investment returns. Practical implications The study concludes with a discussion of policy and regulatory implications on how to minimize salience bias to achieve optimum and diversified portfolios. Originality/value The study has significantly contributed to the growing body of applied behavioral research in the discipline of finance.

Design of Microgrid Energy Management System Based on LabVIEW

2014 ◽  
Vol 960-961 ◽  
pp. 1562-1566 ◽  
Author(s):  
Teng Yu Ge ◽  
Bu Han Zhang ◽  
Jun Li Wu ◽  
Bing Jie Jin ◽  
Shuang Zhao ◽  
...  
Keyword(s):  
Energy Management ◽  
Management System ◽  
Point Of View ◽  
System Structure ◽  
Energy Management System ◽  
Short Term ◽  
Optimization Management ◽  
Term Energy ◽  
Microgrid Energy Management

Microgrid can be applied in different locations, relative to traditional power technology. It can improve the reliability of users of electricity and power system operation. Distributed power in microgrid needs real-time and multi-objective optimization management. This paper discusses functions and structure of microgrid energy management system(MGEMS) when connected with the main grid. Problems in long-term and short-term energy management of microgrid are discussed. From the point of view of the software platform, the system structure of MGEMS software are proposed. On this basis, this paper discusses the way to construct modules of MGEMS and their functions.

The Benefits of Social Networking Sites in Building Reputation for Enterprises

2019 ◽  
pp. 65-85
Author(s):  
María Victoria Carrillo-Durán ◽  
Juan Luis Tato-Jiménez
Keyword(s):  
Literature Review ◽  
Social Networking ◽  
Competitive Advantage ◽  
Social Networking Sites ◽  
Point Of View ◽  
Digital Environment ◽  
Short Term

This chapter aims to clarify the role of social networking sites (SNSs) such as Facebook, Twitter, and LinkedIn in building the reputation of enterprises. SNSs have a vast potential in the digital environment to build reputation and thus a long-term competitive advantage for companies. The chapter opts for a literature review with which to discuss the difficulties and possibilities companies have in building reputation through SNSs. The SNSs used in companies are marketing-centered. Engagement is promoted only with customers, and is short-term and centered on results instead of being long-term and centered on competitive advantage and promoting engagement with different stakeholders. This issue is not dependent on the size of the company. Instead, it is dependent on understanding the concept of reputation from a strategic point of view, with companies adapting their management to their own particularities and to the different possibilities offered by SNSs.

scholarly journals The Main Drivers for Sustainable Decisions in a Family Business That Impact the Company’s Performance

2020 ◽  
Vol 12 (20) ◽  
pp. 8659
Author(s):  
Adriana Cioca ◽  
Kassam Wehbe ◽  
Delia Popescu ◽  
Constanta Popescu
Keyword(s):  
Human Resources ◽  
Family Business ◽  
Investment Decisions ◽  
Family Businesses ◽  
Economic Sustainability ◽  
Short Term ◽  
Sustainable Performance ◽  
The Relationship ◽  
Good Operation

The successful ways in which families have conducted their businesses decade after decade have drawn scholars’ attention to what the mainstream ideas are when it comes to making sustainable decisions. This article focuses on the main drivers behind sustainable decisions made by family businesses with respect to three pillars: economic, environmental, and social. In this context, the authors’ aim is to present a statistical model for forecasting companies’ future revenue in the next financial year by analyzing the relationship between the main internal drivers of family businesses and their corresponding financial objectives. Additionally, the analysis of the long-term strategy and the short-term actions indicates an understanding of environmental awareness. Reaction time in investment decisions represents a challenge for the sustainable performance of family companies. Human resources with good operation management in family businesses contribute to the assurance of long-term business stability and high returns on investments. The results will contribute to the literature on economic sustainability of family businesses.

Brazil faces stagnation risk in 2017

2017 ◽  
Keyword(s):  
Government Spending ◽  
Pension Reform ◽  
Investment Decisions ◽  
Fiscal Crisis ◽  
New Wave ◽  
Short Term ◽  
Business Investment ◽  
Content Type ◽  
The Government

Subject The risk that the Brazilian economy will stagnate, rather than recover, this year. Significance The recent passage of legislation freezing government spending and the ambitious pension reform currently under discussion in Congress are the flagship policies of the government of President Michel Temer. Both seek to defuse Brazil’s fiscal time bomb in the long term. However, they offer little support to immediate expansion in an economy that not only has been in recession since the second quarter of 2014 but is also locked in a low-growth trap will few apparent short-term escape routes. Impacts Popular dissatisfaction may trigger a new wave of demonstrations, further weakening the government. As long as the fiscal crisis persists, the government’s ability to stimulate the economy will be limited. Political risk will be a crucial factor in business investment decisions in Brazil.

scholarly journals Misleading Aggregate Considerations in Sector-Specific Causalities: Long-term Bank Credit Usage in Fishing vs. Agriculture in Turkey

2019 ◽  
pp. 1-14
Author(s):  
Celal Demirkol ◽  
Ali Faruk Acikgoz
Keyword(s):  
Financial Analysis ◽  
Control Variable ◽  
Point Of View ◽  
Policy Implications ◽  
Bank Credit ◽  
Short Term ◽  
Alternative Source ◽  
Agriculture Sector ◽  
Fishing Sector

As an alternative source of financing the assets, bank credits have ever been on the spot of business finance and financial analysis. Those sources of financing have mostly compared with the short-term appearance of either liabilities or liquidity. The relevant finance literature ensures that the long-term appearance of bank credits in the balance sheets of businesses is not only affected by the composition of short-term liabilities but also the liquidity. Nevertheless, bank credit usage, especially in the long-term, may have different characteristics amongst sectors. Some sectors may even deserve a thorough analysis in their challenge of bank credit finance. The fishing sector and the businesses which it contains may have been neglected in terms of revealing the causalities which might have been hidden by considering its aspects as a supplement in the aggregate figures of the agriculture sector in Turkey. Thus, this study aims at the core debt and liability variables along with a liquidity control variable, cash and cash equivalents or cash, to reveal the causality and cointegration aspects on the long-term bank credit potential in the nexus of these two inter-related sectors. We hereby compare the results of the model designed for the study in between fishing and agriculture sectors in Turkey for the time span of available and comparable data which has been represented by the Central Bank of Turkey as a part of nonfinancial or real sector data from 1996 up to 2009. The findings depict that fishing sector, unlikely to agriculture sector in which it is generally added and forced to share the same investment atmosphere of incentives, policy implications, and attitudes of the creditors, does have different features in terms of long-term bank credit usage. Cash and cash equivalents are not significant regressors for the agriculture sector, however, fishing sector has evidence in the long-run that cash and cash equivalents have noteworthy impact in the long-term bank credits. The results of the study will therefore help both the decisions on the creditors’ and fishing sector sides enriching the profound details and sector specific reasoning for which an aggregate point of view where fishing sector is seen as a part of agriculture sector could not reflect the sector’s characteristics on the path to develop the fishing sector and the businesses therein. We also believe that this study will present evidence for any policies and incentives in promoting new investments in the fishing sector of Turkey.

scholarly journals Perilaku Investor Muslim Dalam Bertransaksi Saham di Pasar Modal

2015 ◽  
Vol 1 (12) ◽  
pp. 874
Author(s):  
Pramita Agustin ◽  
Imron Mawardi
Keyword(s):  
Capital Market ◽  
Investment Decision ◽  
Investment Decisions ◽  
Sampling Technique ◽  
Point Of View ◽  
Investor Behavior ◽  
Case Study Method ◽  
Stock Transaction

This research aims to know the muslim investor behavior in a stock transaction in capital market. This research used the qualitative approach, using the case study method by basing on the theory of behavioral finance.Data collection using a purposive sampling technique to determine informants amounted to five muslim investors who at least has a two year stock transaction to be interviewed in depth, observed and evaluated the data by performing a triangulation.The results of this research have findings that muslim investor behavior in a stock transaction is divided into two point of view that is, investors who consider religion in their investment decisions and the invetor did not consider religion in their investment decisions. Investors who consider religion in their investment decisions preferring stock composition of the incoming Sharia index list and nature of investments tend to be long term. Investors who do not consider religion in choosing his investment decision stock blends well in the Shariahcompliantindex or not. The nature of investment investors who did not consider the shortterm nature of the religion.

Does underconfidence matter in short-term and long-term investment decisions? Evidence from an emerging market

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Maqsood Ahmad
Keyword(s):  
Decision Making ◽  
Stock Exchange ◽  
Emerging Market ◽  
Investment Decision ◽  
Investment Decisions ◽  
Investment Strategies ◽  
Short Term ◽  
Content Type ◽  
Investment Decision Making

PurposeThe purpose of this article is to clarify the mechanism by which underconfidence heuristic-driven bias influences the short-term and long-term investment decisions of individual investors, actively trading on the Pakistan Stock Exchange.Design/methodology/approachInvestors' underconfidence has been measured using a questionnaire, comprising numerous items, including indicators of short-term and long-term investment decision. In order to establish the influence of underconfidence on the investment decisions in both the short and long run, a 5-point Likert scale questionnaire has been used to collect data from the sample of 203 investors. The collected data were analyzed using SPSS and AMOS graphics software. Hypotheses were tested using structural equation modeling technique.FindingsThis article provides further empirical insights into the relationship between heuristic-driven biases and investment decision-making in the short and long run. The results suggest that underconfidence bias has a markedly negative influence on the short-term and long-term decisions made by investors in developing markets. It means that heuristic-driven biases can impair the quality of both short-term and long-term investment decisions.Practical implicationsThis article encourages investors to avoid relying on cognitive heuristics, namely, underconfidence or their feelings when making short-term and long-term investment strategies. It provides awareness and understanding of heuristic-driven biases in investment management, which could be very useful for finance practitioners' such as investor who plays at the stock exchange, a portfolio manager, a financial strategist/advisor in an investment firm, a financial planner, an investment banker, a trader/broker at the stock exchange or a financial analyst. But most importantly, the term also includes all those persons who manage corporate entities and are responsible for making its financial management strategies. They can improve the quality of their decision-making by recognizing their behavioral biases and errors of judgment, to which we are all prone, resulting in more appropriate investment strategies.Originality/valueThe current study is the first to focus on links between underconfidence bias and short-term and long-term investment decision-making. This article enhanced the understanding of the role that heuristic-driven bias plays in the investment management and more importantly, it went some way toward enhancing understanding of behavioral aspects and their influence on the investment decision-making in an emerging market. It also adds to the literature in the area of behavioral finance specifically the role of heuristics in investment strategies; this field is in its initial stage, even in developed countries, while, in developing countries, little work has been done.

On legal facts conditions in criminal executive law and their classification

2019 ◽  
pp. 77-87
Author(s):  
Егор Евгеньевич Новиков
Keyword(s):  
Third Parties ◽  
The State ◽  
Point Of View ◽  
Short Term ◽  
Legal Consequences

В статье рассматриваются юридические факты-состояния, порождающие, изменяющие или прекращающие уголовно-исполнительные правоотношения. Автор на основе анализа дискуссии ученых-юристов, посвященной определению места событий в системе юридических фактов, представил собственную точку зрения, касающуюся роли юридических фактов-состояний в уголовно-исполнительном праве. В работе аргументируется, что состояние следует отнести к одному из видов фактов-событий. Представлена классификация юридических фактов-событий, содержащихся в уголовно-исполнительном праве. Предлагается рассматриваемые правовые явления классифицировать по следующим основаниям: по происхождению (абсолютные (болезнь осужденного/родственников) и относительные (беременность, опьянение, родство); по времени существования (краткосрочные, длительные, постоянные); в зависимости от способности порождать правоотношения (состояния, влекущие стопроцентное возникновение юридических последствий и факты, порождающие возникновение юридических последствий, но при условии участия третьих лиц). The article deals with legal facts-states generating, changing or terminating criminal executive relations. The author, based on an analysis of the discussion of legal scholars devoted to determining the location of events in the system of legal facts, presented his own point of view regarding the role of legal facts-states in the criminal-executive law. The paper argues that the state should be attributed to one of the types of fact-events. The article presents the classification of legal facts-events contained in the criminal-executive law. It is proposed to classify the considered legal phenomena for the following reasons: by origin (absolute (illness of the convict / relatives) and relative (pregnancy, intoxication, kinship); by time of existence (short-term, long-term, permanent); depending on the ability to generate legal relations (conditions entailing 100 % of the occurrence of legal consequences and facts giving rise to the occurrence of legal consequences, but subject to the participation of third parties.

Ethical Values Reassessed: Rethinking the Covid19 Pandemic First Triage Guidelines

2021 ◽  
Vol 66 (Special Issue) ◽  
pp. 89-89
Author(s):  
Sabine Hauser ◽  
◽  
Rouven Porz ◽  
Maria Aluaș ◽  
◽  
...  
Keyword(s):  
Public Health ◽  
Health Professionals ◽  
Point Of View ◽  
Ethical Values ◽  
Short Term ◽  
Political Values ◽  
Meta Level ◽  
Different Types ◽  
The Difference

"In March 2020, many countries in commissions and medical societies moved very quickly to draft fair and transparent triage guidelines; this in order to plan ahead for possible resource bottlenecks in the treatment of COVID-19 patients in intensive care units. There are a lot of consciously chosen (but also less reflected) ethical values in these guidelines. Our presentation compares the values of eight of such guidelines, but first shows how to read such values in the first place. Many health professionals are hardly aware of the explicit presentation of ethical-philosophical values. From a methodological point of view, this presentation is based on a hermeneutic-ethical approach. The guidelines are interpreted, an interpretation aid is developed, and the values of the guidelines are reconsidered in comparison. On a meta-level, we could identify different types of values, besides medical and ethical values, the guidelines were also filled with procedural, structural and legal-political values. On a content level, the unreflective handling of the value of autonomy, which often competes with the value of public health, is particularly evident. This competition is little reflected. Another point of divergence between the guidelines is the degree of precision or the difference between long-term and short-term medical prognosis. We believe that with our analysis we can contribute to making value discussions in health care more open and explicit. We would like to present these conclusions for discussion at this year’s EACME conference in Cluj. "

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