scholarly journals OpenUP Measuring Research Impact: Concepts, Methods, Limitations and Solutions

2018 ◽  
Author(s):  
Mappet Walker ◽  
Stephanie Oeben ◽  
Richard Walker
Keyword(s):  
Return On Investment ◽  
Applied Research ◽  
Basic Research ◽  
Research Impact ◽  
Financial Health ◽  
Short Term ◽  
Policy Makers ◽  
Scientific Impact ◽  
Research Metrics

Watch the VIDEO.The immediate Return on Investment (ROI) for basic scientific research is scientific impact – improvements in knowledge of our physical, biological and social world. The Return on Investment (ROI) for applied research and the long-term Return on Investment for basic research is societal impact (i.e. impact on health, environment, the economy, etc.). However, many of these impacts are hard to measure and may only be apparent decades after the original investment. This creates demand from funders and policy makers for metrics that predict impacts before they can be measured. Here we define a preliminary conceptual framework describing the chain of events leading from the outputs of basic research  (publications, data, software, cell lines, equipment, methodologies, theories etc.) to the outputs of applied research (products, treatments, technology components etc.) to societal, financial, health and environmental impact. We go on to discuss how these impacts are currently measured in the short term (days and weeks), the medium term (years) and the long term (decades), and to identify the main providers of impact metrics. We highlight the different ways in which research metrics are used by different categories of user (researchers, institutions, national and European policymakers). Finally, we discuss the limitations of current metrics and possible solutions.

Financial health of Syariah and non-Syariah banks: a comparative analysis

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Elok Heniwati ◽  
Nella Yantiana ◽  
Gita Desyana
Keyword(s):  
Comparative Analysis ◽  
Financial Stability ◽  
Influential Factors ◽  
Financial Health ◽  
Short Term ◽  
Liquid Asset ◽  
Content Type ◽  
Explanatory Variables ◽  
Insolvency Risk

Purpose This paper aims to investigate whether Syariah banks are more financially stable than non-Syariah banks and check the differential impact of explanatory variables in financial health and efficiency in the context of Indonesia. Design/methodology/approach By using unbalanced panel data from Bankfocus over the period 2011–2018, regression analysis is performed with two response variables representing financial health, ZSCORE for return on average assets, liquid asset to deposit and short-term funding ratio. A number of control variables are used as tools to confirm the hypotheses. To check the robustness of the findings, a model with different specifications has been used. Findings The results indicate that while Syariah banks present higher insolvency risk (less health) for long-term activity, the opposite is true for short-term activity. Other findings show that Syariah and non-Syariah banks contribute differently to the national system of financial stability owing to varying influential factors on the bank’s health. Originality/value This paper presents a comparative analysis between the financial stability of Syariah banks and that of non-Syariah banks in Indonesia by building an empirical framework that allows the author to examine the differential effects of each underlying feature on financial stability in Syariah and non-Syariah banks.

scholarly journals PHENOMENOLOGICAL APPROACH TO PROFILE IMPACT OF SCIENTIFIC RESEARCH: CITATION MINING

2002 ◽  
Vol 05 (01) ◽  
pp. 19-42 ◽  
Author(s):  
J. A. DEL RIO ◽  
R. N. KOSTOFF ◽  
E. O. GARCIA ◽  
A. M. RAMIREZ ◽  
J. A. HUMENIK
Keyword(s):  
Text Mining ◽  
Applied Research ◽  
Citation Index ◽  
Scientific Research ◽  
Basic Research ◽  
Research Impact ◽  
Phenomenological Approach ◽  
The Novel ◽  
Research Papers ◽  
Novel Concept

In this paper we present a phenomenological approach to describe a complex systemcolon; scientific research impact through Citation Mining. The novel concept of Citation Mining, a combination of citation bibliometrics and text mining, is used for the phenomenological description. Citation Mining starts with a group of core papers whose impact is to be examined, retrieves the papers that cite these core papers, and then analyzes the bibliometrics characteristics of the citing papers as well as their linguistic and thematic characteristics. The Science Citation Index is used as the source database for the core of citing papers, since its citation-based structure enables the capability to perform citation studies easily. This paper presents illustrative examples in photovoltaics (applied research) and sandpile dynamics (basic research) to show the types of output products possible. Bibliometric profiling is performed over a number of the citing papers' record fields to offer different perspectives on the citing (user) community. Text mining is performed on the aggregate citing papers, to identify aggregate citing community themes, and to identify extra-discipline and applications themes. The photovoltaics applied research papers had of the order of hundreds of citations in aggregate. All of the citing papers ranged from applied research to applications, and their main themes were fully aligned with those of the aggregate cited papers. This seems to be the typical case with applied research. The sandpile dynamics basic research papers had hundreds of citations in aggregate. Most of the citing papers were also basic research whose main themes were aligned with those of the cited paper. This is typically the case with basic research. However, about twenty percent of the citing papers were research or development in other disciplines, or development within the same discipline. In addition, there was a four year lag time between publication and citation by the development papers.

scholarly journals Short-term versus Long-term Investments: A Study of Women Stock Investors of Punjab

2017 ◽  
Vol 4 (01) ◽  
Author(s):  
Tina Vohra
Keyword(s):  
Well Being ◽  
Study Data ◽  
Capital Gains ◽  
Primary Sources ◽  
Economic Empowerment ◽  
Short Term ◽  
Policy Makers ◽  
Significant Difference ◽  
Cross Tabulation

Short term capital gains and long term capital appreciation are important factors influencing the investment decisions of every investor. The purchase of long-term and short term investments by an investor varies across gender. The present study is an attempt to identify the term for which investments are made by women investors of Punjab and to explore if there is a significant difference in the term for which investments are made by women investors based on their demographics. For the purpose of the study, data were collected from primary sources using a pre tested, well-structured questionnaire. Descriptive statistics as well as cross-tabulation analysis have been used in order to analyse the collected data. The results of the study brought out that the majority of women invest for a short term. The term for which the investments are made also varies with the personal monthly income of the respondents. In the light of results, the study suggests that government and the policy makers should undertake various initiatives for the economic empowerment of women as their economic empowerment is a pre requisite for their long term financial well-being.

“But the Pension Fund Was Just SITTING There …”: The Politics of Teacher Retirement Plans

2010 ◽  
Vol 5 (4) ◽  
pp. 587-616 ◽  
Author(s):  
Frederick M. Hess ◽  
Juliet P. Squire
Keyword(s):  
Pension Plans ◽  
The Political ◽  
Retirement Plans ◽  
Public Officials ◽  
Short Term ◽  
Policy Makers ◽  
Political Incentives ◽  
Teacher Retirement ◽  
Retirement Systems

The tension at the heart of pension politics is the incentive to satisfy today's claimants in the here and now at the expense of long-term concerns. Teacher pensions, in particular, pose two challenges. The first is that political incentives invite irresponsible fiscal stewardship, as public officials make outsized short-term commitments to employees. The second is that incentives hinder modernization, as policy makers avoid the politically perilous task of altering plans ill suited to attracting talent in the contemporary labor market. The alignment of the political stars has helped some states and localities to address the first challenge, but far too few have demonstrated a willingness to tackle the second. We illustrate the political dynamics through discussions of pension plans in New Jersey, Oregon, and San Diego, California, and suggest several political strategies that could make pension challenges more tractable and encourage public officials to be responsible fiscal stewards or to revisit anachronistic retirement systems.

Diversification effect of ship investment funds in South Korea

2019 ◽  
Vol 23 (1) ◽  
pp. 62-74 ◽  
Author(s):  
Jae-Boong Lee ◽  
Su-Han Woo ◽  
Jeong Seok Song ◽  
Byeongchan Seong ◽  
Keun-Sik Park
Keyword(s):  
Stock Prices ◽  
Correlation Coefficients ◽  
Investment Fund ◽  
Short Term ◽  
Investment Funds ◽  
Policy Makers ◽  
Content Type ◽  
Cointegration Tests ◽  
The Government

Purpose The purpose of this paper is to examine the diversification effect of the Korean Ship Investment Fund (KSF) under Markowitz portfolio theory by analyzing short-term and long-term relationships with stocks and bonds. Design/methodology/approach For this purpose, unit root, correlation and cointegration tests are performed. Monthly data from 2004 to 2015 for stocks, bonds and KSFs are obtained for this study. Findings The correlation coefficients indicate that KSFs are uncorrelated with stocks and negatively correlated with bonds, and no long-term equilibrium relationships exist with all three variables by the Johansen and Engle-Granger cointegration tests. Research limitations/implications This paper makes contribution to the literature as follows: first, whereas the previous literature investigated diversification effect of ship investment using freight indices or freight rates which are not able to represent returns from ship investment, this study is the first study to use actual stock prices of the KSFs to the authors’ best knowledge; and second, diversification effect of ship investment represented by KSFs is empirically verified in the both short term and long term. Practical implications Policy-makers and managers of shipping companies can have sound ground that the KSFs are alternative and attractive assets to investors. It is also shown that the KSFs have potential to improve risk and return structure of investors on their own regardless of existence of incentives. Therefore, decisions of policy-makers can be made free from expectations for stronger incentives provided by the government. In addition, those countries that do not have such a ship investment platform may consider introducing a similar ship investment fund in order to revitalize the capital markets of the country. Originality/value This study holds its significance in investigating diversification properties of the KSFs for the first time in Korea since the KSFs were introduced.

scholarly journals Implementasi Kebijakan Penanggulangan Banjir dI DKI Jakarta 2013-2017

2018 ◽  
Vol 15 (1) ◽  
pp. 78-87
Author(s):  
Gilang Ramdhan
Keyword(s):  
Policy Implementation ◽  
Prevention Policy ◽  
Medium Term ◽  
Short Term ◽  
Policy Makers ◽  
Flood Prevention ◽  
Government Organization ◽  
Long Time ◽  
The Government

The flood problem is the long-time housework which is continuously done by the DKI Jakarta Government, to overcome the problem of the flood as the output from the policy of DKI Jakarta Government is the implementation of the flood prevention policy, both short-term, medium-term and long-term programs. In the implementation of the policy there are factors that can hamper and support the success of policy implementation there are communication, resources, bureaucratic or implementing attitude, and organizational structure including bureaucratic workflow. In terms of communication the real obstacle is the government are still difficult to establish communication with intermediary parties as one of the stakeholders. In terms of bureaucratic attitudes emphasized the independence of the apparatus to policy makers who have an important role in the success of policy implementation. In the government organization of DKI Jakarta itself has been applied innovation with the yellow, blue, and orange “soldiers” that can support the success of policy implementation. But unfortunately from DKI government's own policy environment does not yet have the full support of Jakarta DPRD so it can hamper the policies to be published by the executive. The conclusion of this paper is the government of DKI has a scope of problems that must be well compromised and which is still a wedge is the communication aspect, both internal and external so that the implementation of flood prevention policy in Jakarta can run well.

An Exploration into the Nature of the Making of Human and Artifcial Intelligence and the Qur’anic Persepctive

1992 ◽  
Vol 9 (4) ◽  
pp. 465-481
Author(s):  
Mahmoud Dhaouadi
Keyword(s):  
Artificial Intelligence ◽  
Applied Research ◽  
Human Intelligence ◽  
Short Term ◽  
Information Process ◽  
Cultural Symbols ◽  
Ongoing Controversy ◽  
Basic And Applied Research

The ongoing controversy over artificial and human intelligence ischaracterized by open disagreement. Some researchers believe that artificialintelligence has the potential to become equal to or even superior tohuman intelligence, while others say that such a development is impossible.The thesis of this paper is that the gap between human and artificialintelligence is bound to remain considerable, both in the short term andin the long term. The concepts of human cultural symbols and theQur’anic vision of human intelligence are intduced in support of thisthesis. Humanity’s ability to manipulate cultural symbols, upon which thephenomenon of human intelligence depends, is a uniquely human characteristic.And this uniqueness, according to the Qur’an, is the direct resultof a divine decision, not of evolution. As such an ability and many of themysteries of that power, are hardly accessible to humans, how wouldhuman researchers be able to include them in the design of artificial intelligencemachines?In the last two decades, research in the field of artificial intelligence(hereinafter referred to as AI) has made considerable headway on both thetheoretical and the applied levels. The input into the field has not beenrestricted only to cybernetics and information process experts; neurophysiologists,cognitive psychologists, philosophers, and sociologists’ havealso been interested in human intelligence (hereinafter referred to as HI)and AI. As AI infrastructures and authority continue to expand in modemand postmodem societies, specialists in other areas will have to becomeinvolved.For scientists, basic and applied research into A1 constitute an exciting ...

On the Effects of Restricting Short-Term Investment

2019 ◽  
Vol 33 (1) ◽  
pp. 1-43 ◽  
Author(s):  
Nicolas Crouzet ◽  
Ian Dew-Becker ◽  
Charles G Nathanson
Keyword(s):  
Rational Expectations ◽  
Short Term ◽  
Policy Makers ◽  
Oxford University ◽  
Short And Long Term ◽  
Editorial Decision ◽  
Short Term Investment ◽  
Short Termism ◽  
Published Paper

Abstract We study the effects of policies proposed to address “short-termism” in financial markets. We examine a noisy rational expectations model in which investors’ exposures and information about fundamentals endogenously vary across horizons. In this environment, taxing or outlawing short-term investment doesn’t negatively affect the information in prices about long-term fundamentals. However, such a policy reduces short- and long-term investors’ profits and utility. Changing policies about the release of short-term information can help long-term investors—an objective of some policy makers—at the expense of short-term investors. Doing so also makes prices less informative and increases costs of speculation. Received June 24, 2018; editorial decision February 19, 2019 by Editor Stijn Van Nieuwerburgh. Authors have furnished an Internet Appendix, which is available on the Oxford University Press Web site next to the link to the final published paper online.

scholarly journals Quantifying Long-Term Scientific Impact

Science ◽  
2013 ◽  
Vol 342 (6154) ◽  
pp. 127-132 ◽  
Author(s):  
Dashun Wang ◽  
Chaoming Song ◽  
Albert-László Barabási
Keyword(s):  
Temporal Pattern ◽  
Mechanistic Model ◽  
Fundamental Question ◽  
Policy Implications ◽  
Impact Factors ◽  
Short Term ◽  
Scientific Impact ◽  
Single Curve

The lack of predictability of citation-based measures frequently used to gauge impact, from impact factors to short-term citations, raises a fundamental question: Is there long-term predictability in citation patterns? Here, we derive a mechanistic model for the citation dynamics of individual papers, allowing us to collapse the citation histories of papers from different journals and disciplines into a single curve, indicating that all papers tend to follow the same universal temporal pattern. The observed patterns not only help us uncover basic mechanisms that govern scientific impact but also offer reliable measures of influence that may have potential policy implications.

scholarly journals The influence of standards and patents on long-term economic growth

2021 ◽  
Author(s):  
Knut Blind ◽  
Florian Ramel ◽  
Charolotte Rochell
Keyword(s):  
Economic Growth ◽  
Positive Impact ◽  
Growth Models ◽  
Panel Cointegration ◽  
International Standards ◽  
National Standards ◽  
Long Term Effects ◽  
Short Term ◽  
Policy Makers

AbstractFormal standards codify knowledge. Next to patents representing the generation of innovative knowledge, standards can hence be used to proxy the diffusion of innovative knowledge in macroeconomic growth models. Previous work mainly investigates the positive impact of in particular patents, but also standards on economic growth in short term, single country studies. This study is the first to examine the long-term effects of formal standards and patents on economic growth in a panel of eleven EU-15 countries between 1981 and 2014 using panel cointegration techniques. From policy makers' perspective standardization has also gained recently an increasing attention, e.g. in the call for the development of a European standardization strategy in the update of the industrial strategy. Our results show that European and international standards foster growth for the group of countries but that national standards have ambiguous growth effects in the panel. For patents, no significant effect on growth in this group of countries is identified.

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