The Autoregressive Cross-Lagged Effect between Social and Financial Values with the Comparison of Social and Listed Enterprises

2020 ◽  
Vol 28 (1) ◽  
pp. 85-114
Author(s):  
Cheol Young Kim ◽  
Jae Gu Kim
Keyword(s):  
Lagged Effect

scholarly journals Dynamics of Nonlinear Interactions among Forces with Lagged Effect

2017 ◽  
Vol 08 (10) ◽  
pp. 1437-1444
Author(s):  
Jair Silvério dos Santos ◽  
Katia A. G. Azevedo
Keyword(s):  
Nonlinear Interactions ◽  
Lagged Effect

scholarly journals Lagged Effect of Macroeconomic Variables on Stock Returns: A Case of Firm Size

2021 ◽  
Vol 19 (1) ◽  
Keyword(s):  
Stock Returns ◽  
Firm Size ◽  
Small Firms ◽  
Size Group ◽  
Negative Effects ◽  
Macroeconomic Factors ◽  
Large Size ◽  
Negative Effect ◽  
Positive Effect ◽  
Lagged Effect

The evidence of lagged effect regarding firm size between macroeconomic factors and stock returns is found with GARCH model for the UAE firms. More precisely, exchange rate showed a significant effect on stock returns irrespective of size group and lag level. However, a positive effect is observed at lag four and a negative effect is observed on lag five and two for small and large size firms respectively. For majority of the firms in small size, the risk-free rate showed a negative lagged effect on stock returns; however, for the majority of the firms in large size, it showed a positive lagged effect on stock returns. Inflation also showed a significant effect on stock returns on each lag level except for large firms where at lag five it is insignificant. Moreover, as the lags increase from 1- 4 and size from small to large, the negative effect of inflation converts to positive effect on stock returns. The lag effect of real activity showed both positive and negative effects on relatively larger stock returns of small firms than big firms. Money supply showed positive significant effect on stock returns of all firms irrespective of the size group; however, this relationship is even more prominent at lag five. Finally, the oil prices showed a positive effect on stock returns (large size) which further maximizes at lag two; whereas, a negative maximization takes place at lag three. Hence, investors can make informed and effective decisions and UAE policymakers developed effective measures to control and promote macroeconomic growth and stability.

scholarly journals Impact of Sustainability Reporting on Brand Value: An Examination of 100 Leading Brands in Singapore

2020 ◽  
Vol 12 (18) ◽  
pp. 7392
Author(s):  
Lawrence Loh ◽  
Sharmine Tan
Keyword(s):  
Sustainability Reporting ◽  
Public Perceptions ◽  
Environmental Indicators ◽  
Global Reporting Initiative ◽  
Brand Value ◽  
Sustainability Performance ◽  
Sustainability Reports ◽  
Local Companies ◽  
Multi Stakeholder ◽  
Lagged Effect

The recent sustainability reporting (SR) mandate by the Singapore Exchange has heightened stakeholder awareness and propelled sustainability disclosures. Albeit encouraging, more than half of listed companies in Singapore do not produce sustainability reports. This signifies a lack of sustainability commitment, or perhaps, local companies have limited understanding on the potential value of sustainability. Our study aims to fill this gap by examining if (1) the 100 leading brands in Singapore similarly benefit from a higher brand value when they produce sustainability reports; (2) if more disclosure leads to higher brand value; (3) if a lagged effect is present. The methodology of this study included the collation of sustainability information from the 100 leading brands in Singapore, scoring each company’s sustainability performance using the Global Reporting Initiative (GRI) framework. Finally, we examine the correlations using regression analysis to compare the companies’ sustainability performance with the reputed brand rankings by Brand Finance. Our findings revealed that one-fifth of the 100 leading brands in Singapore do not engage in sustainability, despite the positive correlation between sustainability reporting and brand value. Our results also suggest that greater disclosure leads to higher brand value, yet social and environmental indicators are undermanaged. Moreover, there is a lagged effect as public perceptions take time to shape. Internalising a company’s sustainability vision through a multi-stakeholder consultative approach is critical. Brand managers and sustainability practitioners must be aware that failures to meet stakeholder expectations today may consequently impact investors’ decisions.

scholarly journals Life Satisfaction Predicts Perceived Social Justice: The Lower Your Life Satisfaction, the Less Just You Perceive Society to Be

2020 ◽  
Vol 11 ◽  
Author(s):  
Qifan Jia ◽  
Jie Zhou ◽  
Mingquan Huang
Keyword(s):  
Life Satisfaction ◽  
Social Justice ◽  
Low Income ◽  
Group Analysis ◽  
Income Group ◽  
Income Level ◽  
Moderation Effect ◽  
Multiple Group ◽  
Random Intercept ◽  
Lagged Effect

It has been well established that life satisfaction is related to perceived social justice. However, current theories provide contrary assumptions on the direction of the influence. In this research, we use data from two longitudinal surveys collected in China to test the reciprocal relations between life satisfaction and perceived social justice over time. With a random intercept cross-lagged panel model, we disaggregate the between-person effect and the within-person effect of the relationship. To specify the conditions of the effect, we consider income levels as the moderator. Study 1 (N = 119) showed that on the between-person level, life satisfaction, and perceived social justice are positively correlated. On the within-person level, cross-lagged effect results showed that an individuals’ deviations from their expected score in life satisfaction predict deviations from their expected perceived social justice at the next time point, while deviations from expected perceived social justice does not predict subsequent deviations from expected life satisfaction. In study 2 (N = 637), we divided participants into three groups based on their household income and conducted a multiple group analysis to test its moderation effect. We found that the between-person correlation of life satisfaction and perceived social justice is not moderated by income level, and it is significant in all the three groups. However, the within-person cross-lagged effect is moderated by income level, and the effect of life satisfaction on perceived social justice only exists in the low income group. This research confirms the unidirectional relationship between life satisfaction and perceived social justice across time, and clarifies the effect in different levels and income groups, providing new insights on the formation of justice perception. It is recommended that future studies apply experimental designs to reach causal effects and explore more possible moderators and mediators.

Why do People Overthink? A Longitudinal Investigation of a Meta-Cognitive Model and Uncontrollability of Rumination

2018 ◽  
Vol 46 (4) ◽  
pp. 504-509 ◽  
Author(s):  
Noboru Matsumoto ◽  
Satoshi Mochizuki
Keyword(s):  
Depressive Symptoms ◽  
Theoretical Model ◽  
Cognitive Therapy ◽  
Longitudinal Studies ◽  
Undergraduate Students ◽  
Cognitive Model ◽  
Causal Analysis ◽  
Longitudinal Investigation ◽  
The Relationship ◽  
Lagged Effect

Background: The meta-cognitive model of rumination is a theoretical model regarding the relationship between rumination and depression. Although meta-cognitive therapy for rumination was established based on this model, insufficient longitudinal studies addressing this model have been conducted. Moreover, the uncontrollability of rumination, suggested to be driven by negative meta-beliefs about rumination, has not been examined using this meta-cognitive model. Aims: We longitudinally examined the meta-cognitive model and its relationship with uncontrollability of rumination and depressive symptoms. Method: Undergraduate students (n = 117) were asked to complete two measurements (with a 6-month gap between them) of positive and negative meta-beliefs about rumination, causal analysis, understanding, uncontrollability of rumination and depression. Results: Cross-lagged effect modelling revealed that positive meta-beliefs predicted high causal analytic rumination. However, the results did not support the causal analytic and understanding aspects of how rumination predicted negative meta-beliefs. Negative meta-beliefs predicted high depressive symptoms, and depressive symptoms predicted high negative meta-beliefs. Negative meta-beliefs predicted high uncontrollability of rumination, whereas uncontrollability of rumination did not predict depressive symptoms. Conclusions: The results partially supported the meta-cognitive model. The prediction of depressive symptoms on negative meta-beliefs suggests that depression-related cognition might be involved in increasing negative meta-beliefs, rather than the repetitive causal analytic and understanding aspects of rumination. In line with meta-cognitive therapy, negative meta-beliefs could be a target for treating depression.

Customer satisfaction and profitability: is there a lagged effect?

2004 ◽  
Vol 12 (3) ◽  
pp. 129-144 ◽  
Author(s):  
Chiquan Guo ◽  
Anand Kumar ◽  
Pornsit Jiraporn
Keyword(s):  
Customer Satisfaction ◽  
Lagged Effect
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