Organized Labor and Inventory Stockpiling

2021 ◽  
Author(s):  
Sophia J.W. Hamm ◽  
Boo Chun Jung ◽  
Woo-Jong Lee ◽  
Daniel G. Yang
Keyword(s):  
Capital Market ◽  
Bargaining Power ◽  
Investment Decision ◽  
Organized Labor ◽  
Costs And Benefits ◽  
Investment Decision Making ◽  
Major Stakeholder ◽  
Information Spillover ◽  
Labor Negotiations ◽  
Market Pressure

We document that managers stockpile excess inventory to mitigate the operational risk posed by labor unions and to maintain bargaining power in labor negotiations. Inventory levels are higher for union firms and are incrementally higher preceding the renegotiation of collective bargaining agreements with unions. Inventory stockpiling at union firms is more salient when capital market pressure for transparency or information spillover from peers constrains managers from using disclosure strategies. We further show that managers weigh the costs and benefits of inventory stockpiling, as holding excess inventory due to the presence of a union is negatively associated with future profitability but provides the benefits of avoiding a stockout and mitigating negative outcomes from a strike. Our findings highlight the importance of a major stakeholder, i.e., labor, in managers' investment decision-making.

scholarly journals A földrajzi diverzifikáció szerepe a globális tőkepiacokon

2020 ◽  
Vol 144 (3) ◽  
pp. 258-273
Keyword(s):  
Decision Making ◽  
Real Time ◽  
Market News ◽  
Capital Markets ◽  
Capital Market ◽  
Statistical Data ◽  
Investment Decision ◽  
Market Prices ◽  
Investment Decision Making ◽  
Geographical Diversification

This study illustrates the effectiveness of geographical diversification using capital market data. The paper uses historical capital market prices to show how the neglect of geographical diversification results in a deterioration in investment decision-making. In addition, the correlations between the capital markets of the former socialist countries are presented, which in many cases can be explained by real economic processes and geopolitical events. Quantitative, real-time financial and statistical data provided by capital markets can also be used to justify the dependence systems between countries and groups of countries, but the method can also be used in many cases to show the economic and geopolitical changes between countries. The study shows how concentrated the world’s stock markets are, which means that smaller capital markets cannot separate themselves from economic events, money and capital market news, or events of the largest ones.

scholarly journals FAKTOR–FAKTOR YANG MEMPENGARUHI PENGAMBILAN KEPUTUSAN INVESTASI DI PASAR MODAL INDONESIA

2018 ◽  
Author(s):  
Lilis Susilawaty ◽  
Edi Purwanto ◽  
Stela Febrina
Keyword(s):  
Decision Making ◽  
Corporate Governance ◽  
Risk Aversion ◽  
Capital Market ◽  
Investment Decision ◽  
Descriptive Analysis ◽  
Primary Data ◽  
Firm Level ◽  
Quantitative Descriptive Analysis ◽  
Investment Decision Making

<h5><em>The purpose of this research</em><em> to determine what factors affect the return on investment in the Indonesian capital market. By replicating the research conducted by Quershi et al (2012) found 4 (four) factors that influence investment decision making, namely heuristics, risk aversion, financial tools and firm levels of corporate governance. Data analysis technique is quantitative descriptive analysis using primary data with information that is in accordance with respondents who are investors who have invested in the Indonesian capital market. Hypothesis testing is done using multiple analysis by first testing the validity, reliability test, and classical assumption test.</em></h5><h5><em>With a total of 185 respondents, the results of the </em><em>research</em><em> show that heuristics, risk aversion, financial tools and corporate levels of corporate governance together have a significant influence on investment decision making. However, partially, heuristics and risk aversion have no effect on investment decision making, while financial tools and corporate governance levels are significant to investment decision making.</em><em></em></h5><h5><em> </em></h5><p><strong><em>Keywords</em></strong><strong><em>: </em></strong><em>investment decision making, heuristic, risk aversion, financial tools, firm level corporate governance</em></p>

scholarly journals PSYCHOLOGICAL FACTORS AND INVESTMENT DECISIONS IN THE NIGERIA CAPITAL MARKET

2021 ◽  
Vol 6 (1) ◽  
pp. 33-41
Author(s):  
Esther Ikavbo Evbayiro-Osagie ◽  
Michael Ify Chijuka
Keyword(s):  
Decision Making ◽  
Stock Market ◽  
Capital Market ◽  
Psychological Factors ◽  
Investment Decision ◽  
Investment Decisions ◽  
Factors Affecting ◽  
Availability Bias ◽  
Investment Decision Making ◽  
Behavioral Influences

This study examines Behavioral Factors and Investment Decision Making in the Nigerian Stock Exchange (NSE). Thus, the research question is what are the psychological factors affecting investment decisions in the Nigerian capital market. A structured questionnaire was used in collecting data and it was able to collect data from 75 investors with the application of a convenient sampling method. Using overconfidence bias, availability bias, conservatism, and herding effect to define the most important behavioral element affecting investment decision making by investors in the Nigerian. Multiple regression analysis was used as the key methodological method for evaluating the research hypothesis, whereas the internal consistency of the questionnaire calculated from Cronbach's alpha on all variables showed values greater than 0.7 with a sufficient level of reliability. The primary beneficiary group would be the buyers on the stock market who would be educated enough about the effect of their own behavioral influences on their stock market decision making. The knowledge would be useful in making optimal investment decisions and avoiding unfavorable decisions to increase their resources. In turn, it will be helpful to policymakers and stock market regulators to help them understand the position of behavioral influences inherited in consumer decision-making and that may be associated with the need for stock market brokers to update their customer's trading practices to a higher level. The findings of this study suggest that overconfidence, availability bias, and herding impact demonstrated a positive significant relationship with NSE investment decision-making except conservatism which showed a negative relationship with investment decision-making but at 0.01 levels statistically significant. On the basis of the results, it can be generalized that the most prevalent factors affecting investor investment decision taking in NSE are overconfidence, availability bias, and herding influence.

scholarly journals Investors’ Structure and Investment Decision Making Factors: Evidence from Capital Market in Bangladesh

2020 ◽  
Vol 9 (1) ◽  
pp. 67
Author(s):  
Md. Hafizur Rahman Khan ◽  
Mohammad Saiful Islam
Keyword(s):  
Decision Making ◽  
Factor Analysis ◽  
Interest Rate ◽  
Capital Market ◽  
Investment Decision ◽  
Descriptive Statistics ◽  
Policy Makers ◽  
Investment Decision Making ◽  
Decision Making Factors ◽  
Structured Questionnaire

The purpose of the paper is to identify the investors’ structure and vital investment decision making factors in the context of capital market in Bangladesh. Total 104 investors have been surveyed in the study with close ended and structured questionnaire. Descriptive statistics and factor analysis have been conducted to analyze the collected data. The results of the study reveal that policy adoption of government together with fundamental analysis and deposit interest rate as alternative of return from share market for investors are vital investment decision making factors of investors of capital market in Bangladesh. The paper is significant for the investors for proper investment decision making and policy makers to work with development of capital market in Bangladesh.

scholarly journals MARKET REACTIONS TO DOMESTIC MARKET OBLIGATION (DMO) COAL PRICE POLICY CHANGES: EVIDENCE FROM INDONESIA

2021 ◽  
Vol 19 (2) ◽  
pp. 376-383
Author(s):  
Titis Dyah Safitri ◽  
◽  
Satia Nur Maharani ◽  
Dwi Narullia ◽  
◽  
...  
Keyword(s):  
Market Efficiency ◽  
Capital Market ◽  
Market Reaction ◽  
Investment Decision ◽  
Price Policy ◽  
Domestic Market ◽  
Market Reactions ◽  
Coal Price ◽  
Investment Decision Making ◽  
The Government

The announcement of the Domestic Market Obligation (DMO) coal price policy becomes the signal for investment decision making. The event was an announcement related to the government that can affect shares in the capital market. The form of capital market efficiency knows how equal the information that investors can absorb and the signal that indicates investors’ response, whether it is positive or negative. This research is a descriptive event study that uses twenty-one samples of coal mining subsector companies to determine capital market reactions to the Domestic Market Obligation (DMO) coal price policy announcement. During the observation period, there was a significant market reaction with a marked abnormal negative return. There is a leak of information before implementing policy, which makes the form of capital market efficiency is semi-strong form. Also, this is caused by the investor, which gets the difference of information degree based on the market efficiency hypothesis. The next research can use different event windows to increase the knowledge about the effect of the announcement of the Domestic Market Obligation (DMO) coal price policy towards market reaction.

Reviving Green With Accounting in the Era of Sustainability

2021 ◽  
pp. 53-70
Author(s):  
Mansi Shah
Keyword(s):  
Economic Growth ◽  
Decision Making ◽  
Investment Decision ◽  
Triple Bottom Line ◽  
Environmental Costs ◽  
Costs And Benefits ◽  
New Paradigm ◽  
Bottom Line ◽  
The Third ◽  
Investment Decision Making

In the era of ‘Reviving Green', sustainability is no longer a luxury; it has become a global necessity. The late 1990s saw the evolving concept of triple bottom line. The growing importance of the environmental agenda that ‘sustainability' had been mainly focused upon to that point led to the inclusion of the environment as one of the defining factors of ‘sustainability'. The new paradigm in the third millennium puts business in the driving seat. Consequently, their role and responsibility towards the environment is manifold. The tradeoff between economic growth and the environmental costs has become one of the major challenges for businesses. This chapter examines the traditional accounting practiced by organizations. The premise of internalizing environmental costs in the investment decision making is highlighted. The costs and benefits that arise through the environment protection and depletion of the existing capital have been held forth.

scholarly journals PKM Pelatihan Analisis Fundamental dan Teknikal Sebagai Alat Analisis Pengambilan Keputusan Investasi di Pasar Modal Pada Guru MGMP Akuntansi dan Ekonomi SMA/SMK Kota Bukittinggi

2019 ◽  
Vol 7 (2) ◽  
pp. 1567
Author(s):  
Erly Mulyani ◽  
Firman Fifrman ◽  
Gesit Thabrani ◽  
Muthia Roza Linda
Keyword(s):  
Decision Making ◽  
Community Service ◽  
Capital Market ◽  
Investment Decision ◽  
Technical Analysis ◽  
Analysis Tool ◽  
Investment Decision Making ◽  
The Capital Market

This community service aims to increase partners' understanding and knowledge of fundamental and technical analysis as an analysis tool for investment decision making in the capital market. This community service provide training, discussion, practice and monitoring to the partners. There was 28 participants followed the activity. After the training, the participants were able to conduct fundamental and technical analysis well, and made transaction in the BEI Jakarta. This can be seen from the activities of the participants who directly carry out buying and selling transactions using fundamental and technical analysis using the POST application of securities where. Keywords: Fundamental, technical, analysis, trading

scholarly journals The Compounding Effect of Investors’ Cognition and Risk Absorption Potential on Enhancing the Level of Interest towards Investment in the Domestic Capital Market

2021 ◽  
Vol 14 (3) ◽  
pp. 95
Author(s):  
Yadav Devi Prasad Behera ◽  
Sudhansu Sekhar Nanda ◽  
Saroj Kumar Sahoo ◽  
Tushar Ranjan Sahoo
Keyword(s):  
Capital Market ◽  
Investment Decision ◽  
Vital Role ◽  
Absorption Capacity ◽  
Sources Of Information ◽  
Investment Decision Making ◽  
Domestic Capital ◽  
Different Dimensions ◽  
Different Characteristics ◽  
Absorption Characteristics

It is eminent to understand, be aware of and encourage domestic retail investors towards investment in the capital market in a developing economy such as India for tackling the situation of capital insufficiency and financial instability. Therefore, the study was purposed to find out the different dimensions of cognition that affect investment attitude and the different characteristics of risk absorption affecting the investment decision making. The study also intended to find the direct and the mediating impact of investors’ cognition directly and through risk-absorption scenarios on the level of interest on investment. The study used the causative research design and by using stratified random sampling, received 392 responses from investors with risk-absorption characteristics from four strata of Odisha (a state of India) through a self-constructed questionnaire. Factor analysis was used to find out the factor of cognition and risk absorption. Multiple linear regression was used to find out the effect of both factors of cognition and risk absorption on the intensity of purchase financial product or level of interest in investment. Mediation analysis was used to find the mediating impact showing the direct and indirect impact of cognition on interest in investment and through the factors risk absorption. The study found that the dimensions of cognition (hot, cold, social and meta) have a significant impact on the level of interest towards investment, so financial product sellers must use these dimensions and sources of cognition to bring up interest from the domestic investor to invest in the domestic capital market. It has also been found that the risk-absorption characteristics play a mediating and vital role in the relation between investors’ cognition and level of interest in investment. Therefore, it is imperative to uplift the risk-absorption capacity through different dimensions of cognition and sources of information, which can reflect in a better understanding of the market and investment scenarios.

Sign in / Sign up

Export Citation Format

Share Document