scholarly journals The impact of ownership concentration and shareholder identity on dividend payout probabilities: New evidence from the German stock market

2017 ◽  
Vol 15 (1) ◽  
pp. 18-32 ◽  
Author(s):  
Sebastian Kuhlmann ◽  
Joachim Rojahn

Numerous studies analyse the impact of ownership concentration and shareholder identity on dividend payout probabilities. In this paper, we seek to provide additional information about the importance different ownership proxies have for dividend payments. Because the importance of those proxies varies with the classification techniques applied, we use both traditional and machine learning techniques. We examine the dividend payout behaviour of German issuers, which is considered rather flexible in terms of its distribution frequencies and dividend yields compared to international practice. Our sample period covers the years 2007 to 2014. Despite considerable differences in the classification techniques applied, we find that previous years’ dividend payments, corporate profitability and firm size are consistently the most important firm-specific determinants of dividend payout probabilities. Only the largest shareholders with equity stakes that are either between 25% and 50% or above 50% rank among the most important variables. The impact is nonlinear. When controlling for shareholders’ identities, we find that both financial institutional and managerial ownership are especially important. Taking the location of institutional investors into account, only foreign financial investors influence payout probabilities.

2020 ◽  
Vol 9 (11) ◽  
pp. e86691110491
Author(s):  
Amanda Ferreira de Moura ◽  
Cíntia Maria de Araújo Pinho ◽  
Domingos Márcio Rodrigues Napolitano ◽  
Fellipe Silva Martins ◽  
João Carlos Franco de Barros Fornari Junior

The provision of credit to customers of banking chains through call center services has always been one of the resources that generate significant income for financial institutions, however, the service offers a cost, which is often above desirable to guarantee profitable contracting to Bank. Based on this, this work aims to evaluate the optimization of operational costs of call center, using classification techniques, through experimentation of supervised machine learning techniques to perform the classification task, in order to generate a predictive model, which offers a better performance in the operation of offering bank credit, to carry out an effective and productive action, conceiving greater savings for the company in identifying the public with greater adherence. For this, a database comprising 11,162 call records made from a bank offering its customers a letter of credit was employed. The results showed value correlations between variables, such as duration of the call, marital status, education level and even recurrence in adhering to subscribers' credit agreements. Through the application of the PCA to reduce dimensionality and classification models, such as AdaBoost, Gradient Boosting, SVM RBF, Naive Bayes, Random Forest, it was possible to perceive the consumer profile with good acquiescence for the investment proposal and a group of people with a high probability of not adhering to the letter of credit, so it was possible to outline an action directed to the public predisposed to the offer, minimizing expenses reaching greater profitability.


2019 ◽  
Vol 19 (11) ◽  
pp. 2541-2549
Author(s):  
Chris Houser ◽  
Jacob Lehner ◽  
Nathan Cherry ◽  
Phil Wernette

Abstract. Rip currents and other surf hazards are an emerging public health issue globally. Lifeguards, warning flags, and signs are important, and to varying degrees they are effective strategies to minimize risk to beach users. In the United States and other jurisdictions around the world, lifeguards use coloured flags (green, yellow, and red) to indicate whether the danger posed by the surf and rip hazard is low, moderate, or high respectively. The choice of flag depends on the lifeguard(s) monitoring the changing surf conditions along the beach and over the course of the day using both regional surf forecasts and careful observation. There is a potential that the chosen flag is not consistent with the beach user perception of the risk, which may increase the potential for rescues or drownings. In this study, machine learning is used to determine the potential for error in the flags used at Pensacola Beach and the impact of that error on the number of rescues. Results of a decision tree analysis indicate that the colour flag chosen by the lifeguards was different from what the model predicted for 35 % of days between 2004 and 2008 (n=396/1125). Days when there is a difference between the predicted and posted flag colour represent only 17 % of all rescue days, but those days are associated with ∼60 % of all rescues between 2004 and 2008. Further analysis reveals that the largest number of rescue days and total number of rescues are associated with days where the flag deployed over-estimated the surf and hazard risk, such as a red or yellow flag flying when the model predicted a green flag would be more appropriate based on the wind and wave forcing alone. While it is possible that the lifeguards were overly cautious, it is argued that they most likely identified a rip forced by a transverse-bar and rip morphology common at the study site. Regardless, the results suggest that beach users may be discounting lifeguard warnings if the flag colour is not consistent with how they perceive the surf hazard or the regional forecast. Results suggest that machine learning techniques have the potential to support lifeguards and thereby reduce the number of rescues and drownings.


Author(s):  
Jasleen Kaur Sethi ◽  
Mamta Mittal

ABSTRACT Objective: The focus of this study is to monitor the effect of lockdown on the various air pollutants due to the coronavirus disease (COVID-19) pandemic and identify the ones that affect COVID-19 fatalities so that measures to control the pollution could be enforced. Methods: Various machine learning techniques: Decision Trees, Linear Regression, and Random Forest have been applied to correlate air pollutants and COVID-19 fatalities in Delhi. Furthermore, a comparison between the concentration of various air pollutants and the air quality index during the lockdown period and last two years, 2018 and 2019, has been presented. Results: From the experimental work, it has been observed that the pollutants ozone and toluene have increased during the lockdown period. It has also been deduced that the pollutants that may impact the mortalities due to COVID-19 are ozone, NH3, NO2, and PM10. Conclusions: The novel coronavirus has led to environmental restoration due to lockdown. However, there is a need to impose measures to control ozone pollution, as there has been a significant increase in its concentration and it also impacts the COVID-19 mortality rate.


Sensors ◽  
2020 ◽  
Vol 20 (2) ◽  
pp. 369 ◽  
Author(s):  
Semin Ryu ◽  
Seung-Chan Kim

Inspired by spiders that can generate and sense vibrations to obtain information regarding a substrate, we propose an intelligent system that can recognize the type of surface being touched by knocking the surface and listening to the vibrations. Hence, we developed a system that is equipped with an electromagnetic hammer for hitting the ground and an accelerometer for measuring the mechanical responses induced by the impact. We investigate the feasibility of sensing 10 different daily surfaces through various machine-learning techniques including recent deep-learning approaches. Although some test surfaces are similar, experimental results show that our system can recognize 10 different surfaces remarkably well (test accuracy of 98.66%). In addition, our results without directly hitting the surface (internal impact) exhibited considerably high test accuracy (97.51%). Finally, we conclude this paper with the limitations and future directions of the study.


2013 ◽  
Vol 19 (4) ◽  
pp. 505-517 ◽  
Author(s):  
Jui-Sheng Chou ◽  
Chih-Fong Tsai ◽  
Yu-Hsin Lu

This study compares several well-known machine learning techniques for public-private partnership (PPP) project dispute problems. Single and hybrid classification techniques are applied to construct models for PPP project dispute prediction. The single classification techniques utilized are multilayer perceptron (MLP) neural networks, decision trees (DTs), support vector machines, the naïve Bayes classifier, and k-nearest neighbor. Two types of hybrid learning models are developed. One combines clustering and classification techniques and the other combines multiple classification techniques. Experimental results indicate that hybrid models outperform single models in prediction accuracy, Type I and II errors, and the receiver operating characteristic curve. Additionally, the hybrid model combining multiple classification techniques perform better than that combining clustering and classification techniques. Particularly, the MLP+MLP and DT+DT models perform best and second best, achieving prediction accuracies of 97.08% and 95.77%, respectively. This study demonstrates the efficiency and effectiveness of hybrid machine learning techniques for early prediction of dispute occurrence using conceptual project information as model input. The models provide a proactive warning and decision-support information needed to select the appropriate resolution strategy before a dispute occurs.


2020 ◽  
Vol 17 (8) ◽  
pp. 3449-3452
Author(s):  
M. S. Roobini ◽  
Y. Sai Satwick ◽  
A. Anil Kumar Reddy ◽  
M. Lakshmi ◽  
D. Deepa ◽  
...  

In today’s world diabetes is the major health challenges in India. It is a group of a syndrome that results in too much sugar in the blood. It is a protracted condition that affects the way the body mechanizes the blood sugar. Prevention and prediction of diabetes mellitus is increasingly gaining interest in medical sciences. The aim is how to predict at an early stage of diabetes using different machine learning techniques. In this paper basically, we use well-known classification that are Decision tree, K-Nearest Neighbors, Support Vector Machine, and Random forest. These classification techniques used with Pima Indians diabetes dataset. Therefore, we predict diabetes at different stage and analyze the performance of different classification techniques. We Also proposed a conceptual model for the prediction of diabetes mellitus using different machine learning techniques. In this paper we also compare the accuracy of the different machine learning techniques to finding the diabetes mellitus at early stage.


2020 ◽  
Vol 17 (8) ◽  
pp. 3786-3789
Author(s):  
P. Gayathri ◽  
P. Gowri Priya ◽  
L. Sravani ◽  
Sandra Johnson ◽  
Visanth Sampath

Recognition of emotions is the aspect of speech recognition that is gaining more attention and the need for it is growing enormously. Although there are methods to identify emotion using machine learning techniques, we assume in this paper that calculating deltas and delta-deltas for customized features not only preserves effective emotional information, but also that the impact of irrelevant emotional factors, leading to a reduction in misclassification. Furthermore, Speech Emotion Recognition (SER) often suffers from the silent frames and irrelevant emotional frames. Meanwhile, the process of attention has demonstrated exceptional performance in learning related feature representations for specific tasks. Inspired by this, propose a Convolutionary Recurrent Neural Networks (ACRNN) based on Attention to learn discriminative features for SER, where the Mel-spectrogram with deltas and delta-deltas is used as input. Finally, experimental results show the feasibility of the proposed method and attain state-of-the-art performance in terms of unweighted average recall.


2020 ◽  
Author(s):  
Irtesam Mahmud Khan ◽  
Wenyi Zhang ◽  
Sumaira Zafar ◽  
Yong Wang ◽  
Junyu He ◽  
...  

The COVID-19 epidemic had spread rapidly through China and subsequently has proliferated globally leading to a pandemic situation around the globe. Human-to-human transmissions, as well as asymptomatic transmissions of the infection, have been confirmed. As of April 3rd, public health crisis in China due to COVID-19 is potentially under control. We compiled a daily dataset of case counts, mortality, recovery, temperature, population density, and demographic information for each prefecture during the period of January 11 to April 07, 2020 (excluding Wuhan from our analysis due to missing data). Understanding the characteristics of spatiotemporal clustering of the COVID-19 epidemic and R0 is critical in effectively preventing and controlling the ongoing global pandemic. The prefectures were grouped based on several relevant features using unsupervised machine learning techniques. We performed a computational analysis utilizing the reported cases in China to estimate the revised R0 among different regions for prevention planning in an ongoing global pandemic. Finally, our results indicate that the impact of temperature and demographic (different age group percentage compared to the total population) factors on virus transmission may be characterized using a stochastic transmission model. Such predictions will help prioritize segments of a given community/ region for action and provide a visual aid in designing prevention strategies for a specific geographic region. Furthermore, revised estimation and our methodology will aid in improving the human health consequences of COVID-19 elsewhere.


2021 ◽  
Vol 23 (04) ◽  
pp. 356-372
Author(s):  
Manpreet Kaur ◽  
◽  
Dr. Dinesh Kumar ◽  

The classification techniques based on various machine learning techniques are having use for the Big data analysis. This will be useful in identifying the classification and then finally the prediction which will be useful for the decision managers for having quality decisions. There are various types of supervised and unsupervised learning techniques which are having capabilities in the terms of driving the analysis. This analysis will be useful for having identification of relationship between the various attributes which is required to device the analysis. There are various supervised learning techniques which are useful to drive the analysis. These techniques are SVM, Logistic regression, KNN, Naïve Bayes, Tree, Neural network. The relative comparison of this technique is done in the terms of various parameters for example AUC, CA, F1, Recall and precision. The accuracy in the terms of AUC, CA is highest for the Naïve Bayes. This shows the Naïve Bayes is having higher true positives, true negative ratio. The proposed technique is having higher accuracy of 81% which is far above than all the remaining techniques. The confusion matrix for the Naïve Bayes is having true positive count as 729, true negative at 103. This shows that the true positive and true negative count is far above for this technique compared to the other techniques.


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