scholarly journals Identification of information needs in intellectual capital: exploratory study on the Tunisian financial market

2016 ◽  
Vol 4 (1) ◽  
pp. 64 ◽  
Author(s):  
Jihene Ferchichi ◽  
Robert Paturel
Keyword(s):  
Financial Markets ◽  
Financial Market ◽  
Intellectual Capital ◽  
Delphi Method ◽  
Exploratory Study ◽  
Information Needs ◽  
Investment Decisions ◽  
Informational Needs ◽  
Research Show

In an economy concretized by the broadening notion of the intellectual capital and its increasing role in investment decisions, it seems appropriate to conceive the intellectual capital by measuring its perception by 22 Tunisian financial professionals. Therefore, the aim of this work consists, firstly, to enable a better understanding of the intellectual capital of the Tunisian financial market. Secondly, by adopting the Delphi method, we determined the information needs and expectations' consensus in terms of intellectual capital. The results from this research show that the concept of intellectual capital appears well known by the financial actors Tunisians. Besides this research, revealed new aspects of intellectual capital. The Tunisian investors consider these dimensions as important criteria that support making their investment decision.Delphi Method; Financial Markets; Informational Needs; Intellectual Capital; Perception.

scholarly journals Identification of information needs in intellectual capital: exploratory study on the Tunisian financial market

2016 ◽  
Vol 13 (3) ◽  
pp. 179-186
Author(s):  
Jihene Ferchichi ◽  
Robert Paturel
Keyword(s):  
Financial Market ◽  
Intellectual Capital ◽  
Delphi Method ◽  
Exploratory Study ◽  
Information Needs ◽  
Investment Decision ◽  
Investment Decisions ◽  
Research Show

In an economy concretized by the broadening notion of the intellectual capital and its increasing role in investment decisions, it seems appropriate to conceive the intellectual capital by measuring its perception by 22 Tunisian financial professionals. Therefore, the aim of this work consists firstly to enable a better understanding of the intellectual capital of the Tunisian financial market. Secondly, by adopting the Delphi method, we determined the information needs and expectations consensus in terms of intellectual capital. The results of this research show that the concept of intellectual capital appears well known by the financial actors Tunisians. Besides this research, revealed new aspects of intellectual capital .The Tunisian investors consider these dimensions as important criteria that support making their investment decision.

scholarly journals Is Gold as an Alternative Investment a Good Solution During Pandemic?

2021 ◽  
Vol 3 (31) ◽  
pp. 79-88
Author(s):  
Alicja Juras
Keyword(s):  
Financial Markets ◽  
Financial Market ◽  
Pearson Correlation ◽  
Investment Decisions ◽  
Correlation Method ◽  
High Demand ◽  
Factors Influencing ◽  
Price Indexes ◽  
Last Stage ◽  
Alternative Investment

The aim of the article: The crisis, both in the economic and financial markets, can lead to a sudden downturn and a loss of savings. For this reason, during a crisis, safe investments are essential to reduce risks and avoid losses. This year’s coronavirus pandemic has caused a lot of confusion in the financial and investment world as well.The pandemic led to turbulence in the financial market and made investors look for the so-called safe havens. In the literature, these havens often include alternative investments with a high demand for gold. This article aims to check the validity of using gold as an investment during a pandemic. Methodology: In the paper, in order to achieve the formulated aim, the following stages were carried out: critical analysis of the literature regarding the factors influencing investment decisions and the characteristics alternatives instruments. The last stage was based on statistical analysis using the Pearson correlation method. Gold prices were compared with quotations of two price indexes: WIG20 and S&P500. Results of the research: The conducted analysis shows that gold as an alternative investment is a good hedge in times of crisis, therefore, it is also the case during ongoing pandemic. Alternative assets fulfill a hedging function, minimizing the risk of losses. Moreover, thanks to a negative correlation with the market, they give a possibility to increase investors’ capital in times of crisis.

scholarly journals Estimating Dependence Structure and Risk of Financial Market Crash

2016 ◽  
Vol 5 (6) ◽  
pp. 85
Author(s):  
Ogunyiola Ayorinde Joshua ◽  
Peter N. Mwita ◽  
Carolyn N. Njenga
Keyword(s):  
South Africa ◽  
Financial Markets ◽  
Financial Market ◽  
Value At Risk ◽  
Investment Decisions ◽  
Market Value ◽  
Dependence Structure ◽  
Clayton Copula ◽  
International Stock Markets ◽  
Copula Parameter

 In this paper, we estimate the dependence structure between international stock markets using copulas. Different relationships that exist in normal and extreme periods were estimated using Clayton copula.  The Inference Functions for Margins method was used in estimating the clayton copula parameter thereby obtaining dependence estimates used in estimating Value-at-Risk. Extreme events are likely to alter the dependence structure of financial markets.This could have implications for investment decisions and ability to estimate the risk of financial markets crash. Results reveal that during the crisis period (2007-2009), maximum possible loss of market value is 75.9% and 77.6% with a confidence interval of 90% for the Kenya-Nigeria and Kenya-South Africa portfolios respectively. This implies that the Kenya-South Africa portfolio has the highest risk.

scholarly journals Comparative Analysis of Investment Decision Models

2017 ◽  
Vol 9 (2) ◽  
pp. 197-208 ◽  
Author(s):  
Ieva Kekytė ◽  
Viktorija Stasytytė
Keyword(s):  
Financial Markets ◽  
Financial Market ◽  
Portfolio Management ◽  
Financial Risk ◽  
Investment Decision ◽  
Rapid Development ◽  
Investment Decisions ◽  
Decision Models ◽  
Analysis Technique ◽  
New Challenges

Rapid development of financial markets resulted new challenges for both investors and investment issues. This increased demand for innovative, modern investment and portfolio management decisions adequate for market conditions. Financial market receives special attention, creating new models, includes financial risk management and investment decision support systems.Researchers recognize the need to deal with financial problems using models consistent with the reality and based on sophisticated quantitative analysis technique. Thus, role mathematical modeling in finance becomes important. This article deals with various investments decision-making models, which include forecasting, optimization, stochatic processes, artificial intelligence, etc., and become useful tools for investment decisions.

An exploratory study of intangibles risk disclosure in annual reports of banking companies from the UK, US, Germany and Italy - Some descriptive insights

2013 ◽  
pp. 81-120 ◽  
Author(s):  
Susanne Durst
Keyword(s):  
Intellectual Capital ◽  
Exploratory Study ◽  
The United States ◽  
Annual Reports ◽  
Risk Disclosure ◽  
Related Risk ◽  
Potential Benefits ◽  
Report Data ◽  
Key Drivers ◽  
The Uk

Intangibles are viewed as the key drivers in most industries, and current research shows that firms voluntarily disclose information about their investments in intangibles and their potential benefits. Yet little is known of the risks relating to such resources and the disclosures firms make about such risks. In order to obtain a more balanced and complete picture of firms' activities, information about the risky side of their intangibles is also needed. This exploratory study provides some descriptive insights into intangibles-related risk disclosure in a sample of 16 large banks from the United States (US), United Kingdom (UK), Germany and Italy. Annual report data is analyzed using the three Intellectual Capital dimensions. Study findings illustrate the variety of intangibles-related risk disclosure as demonstrated by the banks involved.

The profitability of algorithmic trading systems based on football sentiment

2020 ◽  
Vol 42 (1) ◽  
pp. 33-46
Author(s):  
Raúl Gómez-Martínez ◽  
Camila Marqués-Bogliani ◽  
Jessica Paule-Vianez
Keyword(s):  
Financial Markets ◽  
Investment Decisions ◽  
Futures Market ◽  
Algorithmic Trading ◽  
Investment Strategies ◽  
Measurable Effect ◽  
Behavioural Finance ◽  
Trading Systems ◽  
European Football

Behavioural finance has shown that investment decisions are the result of not just rational but also emotional brain processes. On the assumption that emotions affect financial markets, it would seem likely that football results might have a measurable effect on financial markets. To test this, this study describes three algorithmic trading systems based exclusively on the results of three top European football teams (Juventus, Bayern München and Paris St Germain) opening long or short positions in the next market season of the futures market of the index of each country (MIB (Milano Italia Borsa), DAX (Deutscher Aktien Index) and CAC (Cotation Assistée en Continu). Depending on the outcome of the last game played a long position was taken after a victory and a short position after a draw or defeat. The results showed that the algorithmic systems were profitable in the case of Juventus and Bayern whereas in the case of PSG, the system was profitable, but in an inverse way. This study shows that investment strategies that take account of sports sentiment could have a profitable outcome.

An Exploratory Study on Consumer Alienation in Financial Market

2019 ◽  
Vol 30 (5) ◽  
pp. 101-123
Author(s):  
Gayeon Seo ◽  
Hyuncha Choe ◽  
Jihyung Han
Keyword(s):  
Financial Market ◽  
Exploratory Study

Znaczenie czynników behawioralnych w podejmowaniu decyzji inwestycyjnych na rynku kapitałowym

2016 ◽  
pp. 173-183
Author(s):  
Mirosław Wasilewski ◽  
Marta Juszczyk
Keyword(s):  
Capital Market ◽  
Stock Prices ◽  
Stock Price ◽  
Investment Decisions ◽  
Price Volatility ◽  
Decision Making Process ◽  
Emotional States ◽  
Psychological Conditions ◽  
History Of ◽  
Research Show

The aim of the study was to investigate the investors’ opinions concerning the usefulness of behavioral factors for investment decisions. The research was carried out in the group of 100 investors, using the services of five brokerages with a long history of operation. The results of the research show that people’s psychological conditions and sentiment in the stock market play an important role in the decision-making process of investors in the capital market. The importance of this factor increased with the length of the investment period. The emotional states of people and their psychological conditions affect the stock price volatility. However, the complexity of the determinants of stock prices makes the market value of stocks can be affected by many factors at the same time and investors seem aware of this.

scholarly journals Valuing Peace: The Effects of Financial Market Exposure on Votes and Political Attitudes

Econometrica ◽  
2019 ◽  
Vol 87 (5) ◽  
pp. 1561-1588 ◽  
Author(s):  
Saumitra Jha ◽  
Moses Shayo
Keyword(s):  
Financial Markets ◽  
Financial Market ◽  
Political Attitudes ◽  
Peace Process ◽  
Superior Performance ◽  
Financial Assets ◽  
Material Incentive ◽  
Nonfinancial Information ◽  
Political Messages ◽  
Economic Risks

Can participation in financial markets lead individuals to reevaluate the costs of conflict, change their political attitudes, and even their votes? Prior to the 2015 Israeli elections, we randomly assigned Palestinian and Israeli financial assets to likely voters and incentivized them to actively trade for up to 7 weeks. No political messages or nonfinancial information were included. The treatment systematically shifted vote choices toward parties more supportive of the peace process. This effect is not due to a direct material incentive to vote a particular way. Rather, the treatment reduces opposition to concessions for peace and changes awareness of the broader economic risks of conflict. While participants who were assigned Palestinian assets are more likely to associate their assets' performance with peace, they are less engaged in the experiment. Combined with the superior performance of Israeli stocks during the study period, the ultimate effects of Israeli and Palestinian assets are similar.

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