scholarly journals Cognitive Biases as an Integral Part of Behavioral Finance

2020 ◽  
Vol 58 (1) ◽  
pp. 75-96
Author(s):  
Milјan Leković
Keyword(s):  
Qualitative Research ◽  
Behavioral Finance ◽  
Portfolio Management ◽  
Cognitive Biases ◽  
Decision Makers ◽  
Complex World ◽  
Small Companies ◽  
Portfolio Strategy ◽  
Qualitative Research Methodology ◽  
Capital Value

AbstractThe complex world of finance is characterised by numerous irrationalities that representatives of behavioral finance seek to explain by cognitive biases (flaws, inclinations or anomalies). Cognitive biases represent imperfect perception of reality and are caused by limited cognitive capacities of decision-makers. By analysing cognitive biases, the paper aims to answer the following questions that standard finance fails: Why active portfolio strategy is still the most influential strategy in portfolio management despite the mounting evidence of unsuitability of its application? Why investors prefer dividend payout over increase in capital value (dividend puzzle)? Why investors ignore benefits of investment diversification and choose to invest in a small number of shares of well-known local businesses (diversification puzzle)? Why investors avoid to sell “loser” shares and thus reduce the tax burden? Why shares of small companies usually bring higher returns compared to shares of large companies? The answers to these questions are obtained by using qualitative research methodology, which also represents the main result of the research.

scholarly journals Capital structure construct: a new approach to behavioral finance

2019 ◽  
Vol 16 (4) ◽  
pp. 86-97
Author(s):  
Jose Anselmo Perez Reyes ◽  
Montserrat Reyna Miranda ◽  
Jorge Vera-Martínez
Keyword(s):  
Capital Structure ◽  
Behavioral Finance ◽  
Latent Variables ◽  
Cognitive Biases ◽  
Decision Makers ◽  
Financial Behavior ◽  
Chief Financial Officers ◽  
New Approach ◽  
Financial Decision ◽  
Construct Dimensions

Within the framework of behavioral finance, this research shows that financial behavior can be assessed as a cognitive construct. Using certain variables, a multidimensional “cognitive finance” construct can thus be established. Through a technological – psychometric type design with descriptive data analysis, a factor analysis is presented to determine which latent variables tend to charge significantly in order to assess the validity of the dimensions comprising the construct of capital structure and explore its dimensions in relation to financial theory. A 44-item questionnaire is adapted and applied to a sample of chief financial officers from diverse public and nonpublic companies in Mexico. The analysis reveals the existence of four construct dimensions consistent with corporate financial theory. The model helps to explain how decision-makers react to uncertainty and environmental conditions, directly affecting the valuation of firm’s losses or earnings. As evidenced by the results, application of the Item Response Theory to the field of behavioral finance could open up new avenues to the study of cognitive biases, involved in the financial decision-making process. Thus, this implies that behavioral finance can also be treated as “cognitive finance.”

FOSTERING STUDENTS’ EXPERIENCES IN ENGLISH WRITING WITH MICROBLOGGING IN TWITTER

2019 ◽  
Vol 13 (2) ◽  
pp. 113
Author(s):  
Pham Thi Thu Hien
Keyword(s):  
Qualitative Research ◽  
Language Learning ◽  
Research Design ◽  
Research Methodology ◽  
Learning Tools ◽  
Structured Interviews ◽  
English Writing ◽  
Qualitative Research Methodology

Twitter and Microblogging are two separate entities but completes each other. Both of them can be used as language learning tools and their potential has been proved by several scholars. This study tries to examine students’ experiences in integrating microblogging with twitter. It is also study about the beneficial roles of microblogging with Twitter in language learning, its relation to writing, and its appropriateness in language learning. This study employs a qualitative research methodology, and case study as its research design. Semi-structured interviews and questionnaires were employed in this study to find out about participants' views about microblogging and Twitter. From this study, it can be concluded that the participants of the study underwent various experiences during the implementation of microblogging with Twitter. They also felt that microblogging with Twitter at some point advantages them to systematically arrange their ideas, and allows them to choose appropriate diction of their ideas. They also stated that Twitter can be an appropriate means in language learning, especially in English writing<em>.</em>

Application of Statutes of Limitations to Islamic Banking: The Case of Malaysia

2020 ◽  
Vol 17 (1) ◽  
pp. 56-69
Author(s):  
Aishath Muneeza ◽  
Zakariya Mustapha
Keyword(s):  
Qualitative Research ◽  
Financial Institutions ◽  
Research Methodology ◽  
Islamic Law ◽  
Islamic Banking ◽  
Legal Action ◽  
Qualitative Research Methodology ◽  
The Right ◽  
Limitation Of Action ◽  
Insight Into

Limitations of action designate extent of time after an event, as set by statutes of limitations, within which legal action can be initiated by a party to a transaction. No event is actionable outside the designated time as same is rendered statute-barred. This study aims to provide an insight into application and significance of Limitations Act 1950 and Limitation Ordinance 1952 to Islamic banking matters in Malaysia as well as Shariah viewpoint on the issue of limitation of action. In conducting the study, a qualitative research methodology is employed where reported Islamic banking cases from 1983 to 2018 in Malaysia were reviewed and analysed to ascertain the application of those statutes of limitations to Islamic banking. Likewise, relevant provisions of the statutes as invoked in the cases were examined to determine possible legislative conflicts between the provisions and the rule of Islamic law in governing the right and limitation of action in Islamic banking cases under the law. The reviewed cases show the extent to which statutes of limitations were invoked in Malaysian courts in determining validity of Islamic banking matters. The limitation provisions so referred to are largely sections 6(1)(a) and 21(1) Limitations Act 1953 and section 19 Limitation Ordinance 1953, which do not conflict with Shariah viewpoint on the matter. This study will prove invaluable to financial institutions and their customers alike in promoting knowledge and creating awareness over actionable event in the course of their transactions.

THE TROUBLED JOURNEYS OF SCHOOL DROP-OUTS: WASTAGE, REDEMPTION AND POLICY CONSIDERATIONS

2016 ◽  
Vol 12 (1) ◽  
pp. 1-14
Author(s):  
Andile Dube ◽  
Mokubung Nkomo
Keyword(s):  
Qualitative Research ◽  
Young People ◽  
Labour Market ◽  
Training And Development ◽  
Focus Group Interviews ◽  
Second Chance Education ◽  
Qualitative Research Methodology ◽  
Group Interviews ◽  
Drop Outs ◽  
Second Chance

The study traces the pathways of young people who dropped out of school between grades 1 to 11 as they seek re-entrance to the education, training and development (ETD) system, or entrance into the labour market. Particular attention is given to the factors that determine the choices that drop-outs make in either re-entering the ETD system or entering the labour market. An analysis of the experiences of the interviewed sample of drop-outs is presented. The study employs a qualitative research methodology, using interviews to elicit the experiences of drop-outs and school managers. Through snowballing, 14 youths and three principals were selected from a township south of Durban. Individual and focus group interviews were conducted. The findings provide insights into the drop-outs’ perceptions regarding the value of investing in education. They are discussed further in relation to the respective theories used in the study. The concluding section suggests the need for investments in second chance education by government and the private sector, and proposes an integrated model to assist young people who re-enter psychologically and emotionally.

Implikatur Ekspresi Tindak Tutur Verdiktif Srimpi Anglir Mendhung

Panggung ◽  
2019 ◽  
Vol 29 (4) ◽  
Author(s):  
Maryono Maryono
Keyword(s):  
Qualitative Research ◽  
Research Methodology ◽  
Speech Acts ◽  
Performing Arts ◽  
Audio Recordings ◽  
Qualitative Research Methodology ◽  
Extrinsic Values

ABSTRACTUnderstanding of art will be complete if it can express a particular value. One source of values in art is the pleasure of its objectivity, which encompasses intrinsic and extrinsic values with aesthetical visualization. The values of implicature in the Srimpi Anglir Mendhung can be found by referring to the expression of verdictive speech acts in its verbal and nonverbal components. In order to study the implicature values contained in Srimpi Anglir Mendhung, the researcher uses a qualitative research methodology based on the theory of pragmatics and theory of performing arts. The strategies used for collecting data are a library study, a study of visual recordings, a study of audio recordings, and interviews. The technique of analysis is interactive and involves the triangulation of data, methodology, and theory. The results of the discussion show that the implicature in the expression of verdictive speech acts in Srimpi Anglir Mendhung is a form of adulation and homage to the noble king, Sultan Agung Hanyakra Kusuma from the Mataram Kingdom. The values of heroism and virtue contained in Srimpi Anglir Mendhung are a reflection of the values of life, which should be emulated and appreciated by the audience and general public.Keywords: implicature, expression of verdictive speech acts, and Srimpi Anglir Mendhung dance. ABSTRAKPemahaman tentang seni terjadi secara lengkap apabila mampu untuk mengungkapkan suatu nilai. Satu sumber nilai seni adalah kenikmatan yang diberikan oleh objektifitas terhadap nilai-nilai instrinsik dan ekstrinsik dengan visualisasi estetis. Merujuk pada ekspresi tindak tutur verdiktif pada komponen verbal dan nonverbal, Tari Srimpi Anglir Mendhung dapat ditarik implikatur nilainya. Untuk mengkaji implikatur nilai yang terkandung dalam Tari Srimpi Anglir Mendhung, peneliti menggunakan metodologi penelitian kualitatif dengan berlandaskan teori pragmatik dan teori seni pertunjukan. Strategi pengumpulan data berupa studi pustaka, studi rekaman visual, studi rekaman audio, dan wawancara. Teknik analisisnya bersifat interaktif dengan mentrianggulasikan data, metodologis, dan teori. Hasil pembahasan ditemukan bahwa implikatur ekspresi tindak tutur verdiktif Srimpi Anglir Mendhung merupakan bentuk sanjungan dan penghormatan terhadap raja yang dimuliakan yaitu Sultan Agung Hanyakra Kusuma dari Kerajaan Mataram. Nilai-nilai keprajuritan dan kebajikan yang terkandung dalam Srimpi Anglir Mendhung merupakan cerminan nilai-nilai kehidupan, layak diteladani dan diapresiasi oleh audiens maupun masyarakat luas.Kata kunci: ekspresi, implikatur, Tari Srimpi Anglir Mendhung, tindak tutur verdiktif

Contemplating Framing: Unpacking the Possibilities of Printmaking in Narrative Inquiry

2021 ◽  
pp. 194084472199108
Author(s):  
Michelle Lavoie ◽  
Vera Caine
Keyword(s):  
Qualitative Research ◽  
Young Adults ◽  
Narrative Inquiry ◽  
School Children ◽  
Research Methodology ◽  
Visual Narrative ◽  
Refugee Families ◽  
Art Form ◽  
Qualitative Research Methodology ◽  
The Relationship

In this paper, we explore, name, and unpack the possibilities that printmaking, as an art form, holds in visual narrative inquiry. We also explore the relationship between visual narrative inquiry and narrative inquiry, a relational qualitative research methodology that attends to experiences. Drawing on two different ongoing narrative inquiry studies, where we engage with either trans young adults or refugee families from Syria with pre-school children, we explore how printmaking practices facilitate processes of inquiry. The etymology of the word “frame” helps us understand framing as a process that is future oriented and reflects a sense of doing, making, or preforming. In this way, framing allows us to see otherwise, to respond to and with participants, and to engage with experiences in ways that open new possibilities of inquiry.

scholarly journals How Does Sustainability Affect Consumer Choices in the Fashion Industry?

Resources ◽  
2021 ◽  
Vol 10 (4) ◽  
pp. 38
Author(s):  
Leandro Pereira ◽  
Rita Carvalho ◽  
Álvaro Dias ◽  
Renato Costa ◽  
Nelson António
Keyword(s):  
Qualitative Research ◽  
Research Methodology ◽  
Great Majority ◽  
Fashion Industry ◽  
Qualitative Research Methodology ◽  
The World ◽  
Consumer Perspectives ◽  
Immense Potential ◽  
General Perspective

The fashion industry being one of the most polluting industries in the world means that it is an industry with an immense potential for change. Consumers are central and are closely intertwined with how companies act. This research reflects consumer perspectives and practices towards the topic of sustainability implemented in the fashion industry. The relevance of sustainability in the fashion industry and the key role of consumers in its implementation are undeniable and confirmed by consumers in a representation of general awareness and concern, despite not always being translated into actual practices. A qualitative research methodology, followed by a set of interviews conducted with consumers, revealed that the great majority are implementing a variety of practices when making their buying choices towards fashion items. Barriers such as lack of education, information, knowledge and transparency were identified, and this aspect was shared by consumers as a reason why they are not motivated to make more conscious decisions. Companies should educate consumers from a general perspective and focus on the group of consumers that are not implementing sustainability in the fashion industry in their buying choices, as they represent the potential for the future.

Heuristics as a new way of adjusting the end market value

2021 ◽  
Vol 27 (7) ◽  
pp. 1581-1599
Author(s):  
Semen Yu. BOGATYREV
Keyword(s):  
Behavioral Finance ◽  
Market Value ◽  
Measurement Methods ◽  
Decision Makers ◽  
Emotional Impact ◽  
Psychological Measurement ◽  
Survey Results ◽  
Financial Decision ◽  
The Cost

Subject. The study deals with heuristics as measures of the emotional impact of people who judge about the value and the final result of the valuation. I review ranges of the value variance when influenced by irrational factors. From psychological perspectives, some phenomena are explained with a set of heuristics that exist as part of behavioral finance. Objectives. Referring to the completed studies, I implement elements of behavioral finance, such as heuristics into the method for assessing how financial decision-makers and their emotions influence the value. Methods. The article is based on methods of induction and deduction to process survey results. Results. The article reveals the content of key methods for measuring emotions of financial decision-maker, which conclude on the value, being influenced by heuristics. I demonstrate tools for implementing psychological measurement methods as part of valuation. Conclusions and Relevance. Considering heuristics of value decision-makers, the appraiser and the cost analyst approximate the valuation result to the real conditions, when market actors are irrational. Doing so, they contribute to the quality of the result of appraisal. The findings are applicable to the practice of appraisers, cost analysts, fundamental analysts. Heuristics enrich and expands the classical apparatus of valuation and increases its quality.

scholarly journals The Exemplary Approach of Islamic Religious Education Teachers in Fostering Emotional Spiritual Quotient

2021 ◽  
Vol 13 (3) ◽  
pp. 2621-2630
Author(s):  
Mohammad Usman ◽  
Muhammad Zainuddin ◽  
Muhammad In’am Esha
Keyword(s):  
Qualitative Research ◽  
Religious Education ◽  
Islamic Education ◽  
Case Study Approach ◽  
Study Approach ◽  
Qualitative Research Methodology ◽  
New Knowledge ◽  
Emotional Approach ◽  
Family Strategies

The purpose of this study was to gain an understanding of Islamic Religious Education Teachers' exemplary approach to developing students' emotional, spiritual quotients. This article employs a qualitative research methodology in conjunction with a case study approach. The approach taken is consistent with the formulation of the problem under investigation. Informants were chosen based on the research's objectives. Formal and informal interviews were conducted. The findings of this study demonstrate two aspects of the emotional approach in Islamic education: Methods of persuasion and education. Teachers develop spiritual, emotional intelligence by providing students with new knowledge that includes exemplary figures dating all the way back to the Prophet Muhammad's time and exemplary national figures, as well as by inviting students to practice family strategies for recognizing and managing their own emotions, the ability to motivate themselves, the ability to recognize the emotions of others, and how to build relationships with others.

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