scholarly journals Economic Policy Uncertainty and the Co-Movement between REITs and Exchange Rate

2021 ◽  
Vol 13 (3) ◽  
Author(s):  
Ibrahim Raheem ◽  
Ismail O. Fasanya ◽  
Agboola H. Yusuf
Keyword(s):  
Exchange Rate ◽  
Linear Models ◽  
Policy Implications ◽  
Future Research ◽  
Policy Uncertainty ◽  
Currency Markets ◽  
Financial Variables ◽  
Market Participants ◽  
Bds Test

The REITs market has attracted a lot of interest among the academic, policymakers, and market participants. The linkages between REITs and macroeconomic and financial variables have been adequately explored in the literature, with more emphasis on linear models. This study expands the frontier of knowledge by examining the role of uncertainty in the comovement/spillover between REITs and the currency markets. Some interesting results were observed. First, using the Diebold and Yilmaz (2012) spillover test, we find that there is strong connectedness between the REITs and currency markets. Second, the BDS test shows that nonlinearity is a very crucial factor to be put into consideration when examining the role of EPU in affecting the interactions between REITs and exchange rate markets. Third, the non-parametric causality-in-quantile test confirms that the connectedness between the markets and EPU is stronger around the lower and middle quantiles. These results have important policy implications for policymakers and market participants. The study also offers suggestions for future research.

scholarly journals Exploring the Relationship between Formal Management Control Systems, Organisational Performance and Innovation: The Role of Leadership Characteristics

2021 ◽  
Vol 14 (1) ◽  
pp. 207-224
Author(s):  
Dhiona Ayu Nani ◽  
Vera Apri Dina Safitri
Keyword(s):  
Control System ◽  
Management Control ◽  
Policy Implications ◽  
Equation Modeling ◽  
Leadership Characteristics ◽  
Future Research ◽  
Organisational Performance ◽  
Management Control System ◽  
The Relationship

Manuscript type: Research paper Research aims: This study aims to examine the relationship between the formal management control system (MCS) on organisational performance and innovation. It also evaluates the role of leadership characteristics as the moderating variable between MCS and innovation. Design/Methodology/Approach: This study employs a survey questionnaire, and data collected from business units of Indonesian manufacturing and services firms. The warp partial least squares structural equation modeling (PLS-SEM) approach was employed to analyse the data and test the proposed model. Research findings: The findings demonstrate that: (1) A welldesigned formal MCS can improve organisational performance and innovation; (2) managers with good characteristics such as showing good behaviour through compliance with company rules, involving themselves in subordinates’ activities, and supporting subordinates’ ideas, can improve subordinates’ creativity in producing innovation. Theoretical contribution/Originality: This study expands the existing literature by examining the role of leadership characteristics as a moderating variable between the formal management control system (MCS) and innovation. Practitioner/Policy implications: The findings of this study demonstrate that, for Indonesian firms to compete in globally-competitive markets, they need to implement well-designed formal MCS. For formal MCS to contribute to innovation, managers who demonstrate good leadership characteristics are crucial. Research limitation/Implications: Future research can investigate comparative analyses of different ASEAN countries since different Asian countries have different dominant cultures and values, which may have some impact on MCS, organisational performance and innovation. It may also consider how different types of MCS improve organisational performance and innovation performance.

ON THE CHARACTERISTICS OF INNOVATIVE FIRMS IN KOREA: THE ROLE OF R&D AND INNOVATION TYPE

1999 ◽  
Vol 03 (01) ◽  
pp. 111-131 ◽  
Author(s):  
YONG-TAE PARK ◽  
CHUL-HYUN KIM ◽  
JI-HYO LEE
Keyword(s):  
Large Scale ◽  
Data Gathering ◽  
Policy Implications ◽  
Future Research ◽  
Different Types ◽  
Innovative Firms ◽  
Unexpected Findings ◽  
Innovation Type ◽  
Recent Extension

In spite of the recent extension of our knowledge on technological innovation, little inquiry has been made of the distinctive characteristics between R&D firms and non-R&D firms, as well as between product-innovative firms and process-innovative firms. To this end, the main objective of this empirical study, grounded on a large-scale innovation survey of Korean manufacturing firms, is to contrast these two types of firms. The results were mixed. Some hypotheses were confirmed while others were discordant with expectation. By and large, R&D firms and product-innovative firms seem to share a similar propensity, whereas non-R&D firms and process-innovative firms are alike in character. However, there were some unexpected findings which merit attention and are worthy of in-depth examination. Although the study is subject to limitations in terms of its research design and data gathering, the results render some important policy implications. Furthermore, comparative analyses between different types of innovations need to be addressed more extensively in future research.

What Can Help? Examining Levels of Substance (Non)use as a Protective Factor in the Effect of ACEs on Crime

2017 ◽  
Vol 17 (1) ◽  
pp. 42-61 ◽  
Author(s):  
Jessica M. Craig ◽  
Jonathan Intravia ◽  
Kevin T. Wolff ◽  
Michael T. Baglivio
Keyword(s):  
Substance Use ◽  
Protective Factor ◽  
Policy Implications ◽  
Future Research ◽  
Southern State ◽  
Childhood Experiences ◽  
Adverse Childhood ◽  
Race Ethnicity ◽  
The Relationship

Although the deleterious impact of adverse childhood experiences (ACEs) on offending has been established, less is known about the possible protective factors that may buffer this relationship. Using a sample of over 28,000 adjudicated delinquents from a large southern state, the current study investigated the role of substance (non)use on the relationship between ACEs and recidivism and whether these results differed by race/ethnicity and sex. Results illustrate that ACEs increase the likelihood of recidivism among youth who engaged in moderate-to-high substance use. However, this effect was not found among youth who reported little-to-no substance use. Furthermore, these effects were largely consistent across race/ethnicity and sex. Policy implications of this buffering effect are discussed as well as limitations and directions for future research.

Insecurity, Unemployment, and Health: A Social Epidemiological Perspective

2015 ◽  
Author(s):  
Clare Bambra ◽  
Terje A. Eikemo
Keyword(s):  
Social Epidemiology ◽  
Job Insecurity ◽  
Policy Implications ◽  
Suicide Mortality ◽  
Future Research ◽  
Working Definition ◽  
Social Safety Nets ◽  
Unemployment And Health ◽  
The Relationship

This chapter draws on research from social epidemiology to examine the relationships between insecurity, unemployment, and health. It outlines the rise of insecurity at work and provides a working definition. It then describes some of the key longitudinal studies that have described the relationship between job insecurity and health outcomes. The key explanations for this association are also explored. The chapter then summarizes the large literature on unemployment and health, examining mental health and suicide, mortality, self-reported health, and health behaviors. The chapter then examines international variations in the relationships between insecurity, unemployment, and health, with a particular focus on the role of welfare state policies and social safety nets. The chapter concludes by reflecting on the policy implications and highlighting key areas for future research.

Conclusion and Recommendations

2014 ◽  
pp. 226-238
Keyword(s):  
Economic Growth ◽  
Growth Process ◽  
Financial Sector ◽  
Policy Implications ◽  
Future Research ◽  
Financial Sector Development ◽  
Research Findings ◽  
Potential Channels

This book started with a brief review of different outlooks on the role of financial sector development in the process of economic growth. Then it highlighted the fact that recent studies, particularly those originating from modern growth theory, suggest that financial intermediation affects growth through various channels. To test this proposition, an empirical model was built, data were obtained, empirical tests were carried out, and results were discussed. The final chapter in this book, therefore, summarises key research findings and discusses the potential channels through which financial sector development affects the economic growth process. The chapter further highlights contributions of this research to growth studies, discusses policy implications arising from the findings of this research, and provides directions for future research and analysis.

Conclusion

2021 ◽  
pp. 206-228
Author(s):  
Stephen E. Gent ◽  
Mark J. C. Crescenzi
Keyword(s):  
Market Power ◽  
Caspian Sea ◽  
International Institutions ◽  
Policy Implications ◽  
Conflict Behavior ◽  
Future Research ◽  
Gray Zone ◽  
The Caspian Sea ◽  
Power Politics

This concluding chapter addresses some additional aspects of market power politics and outlines several implications of this study for scholars and policymakers. First, to complement the previous case studies of violence and strategic delay, it provides a brief discussion of Russia’s decision to abandon a delay strategy and agree to a settlement of the long-running dispute over the Caspian Sea. It then outlines a set of questions for future research on market power politics. Next, the chapter reflects upon how the research in the book informs an understanding of international relations. It highlights some important lessons concerning the effects of market structure on conflict behavior and the limitations of international institutions. It then contemplates the future role of gray zone tactics by countries like Russia and China. The chapter concludes with a discussion of some of the policy implications that follow from this research.

The Role of Cognitive Responses as Mediators of Alcohol Warning Label Effects

1993 ◽  
Vol 12 (1) ◽  
pp. 57-68 ◽  
Author(s):  
J. Craig Andrews ◽  
Richard G. Netemeyer ◽  
Srinivas Durvasula
Keyword(s):  
Public Policy ◽  
Policy Issue ◽  
Policy Implications ◽  
Future Research ◽  
Cognitive Responses ◽  
Warning Label ◽  
Public Policy Issue ◽  
Future Research Directions ◽  
The Relationship

The authors examine an important public policy issue, namely, the effectiveness of federally mandated and proposed alcohol warning labels. Specifically, warning label cognitive responses are tested as mediators of effects of five different alcohol warning label types on label attitudes. On the basis of requirements for ANOVA-based mediation, net support arguments mediated 76% of the warning label treatment effect on label attitudes. Following requirements for regression-based mediation, net support arguments mediated the relationship from attitude toward drinking to label attitudes. Public policy implications and future research directions are provided.

The role of team leadership in Portuguese child protection teams

Leadership ◽  
2012 ◽  
Vol 8 (2) ◽  
pp. 125-143 ◽  
Author(s):  
Ana Margarida Graça ◽  
Ana Margarida Passos
Keyword(s):  
Child Protection ◽  
Linear Models ◽  
Team Leadership ◽  
Future Research ◽  
Multidisciplinary Teams ◽  
Leadership Studies ◽  
Team Processes ◽  
The Impact ◽  
Ongoing Functioning

The majority of team leadership studies have ignored the specific context in which that leadership takes place and the cyclical correlation of inputs and processes on ongoing performance. It is our contention that leadership is a mediator of team processes and team effectiveness on ongoing functioning of multidisciplinary teams (MDT). The members of 126 multidisciplinary teams responded to a survey on several aspects related to the functioning and leadership of their teams. The results support the hypothesis that leadership does mediate the relationship between reflexivity and effectiveness (i.e. team management performance, boundary spanning and satisfaction) within the team. Theoretically, these findings challenge those of linear models that typically analyse the impact of leadership as something that happens in isolation. Future research should describe and consider not just the team type and tasks but also investigate the roles that context and time play in team leadership.

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