{"title":"Assessing the Financial Capability (FC) of Academic Personnel in a Philippine Comprehensive University","authors":"M. B. Mandigma","doi":"10.2139/ssrn.2176020","DOIUrl":"https://doi.org/10.2139/ssrn.2176020","url":null,"abstract":"While a number of studies were conducted to establish the state of financial capability (FC) in several countries, relatively little research exists in a developing country such as the Philippines. This study is an attempt to assess the level of FC of a select group of academic personnel in a comprehensive university as influenced by factors such as knowledge and understanding, skills and competence, attitudes and confidence, and demographic and socioeconomic characteristics. Data yielded by the questionnaire was treated in-depth through inferential statistics. Results indicate that knowledge, skills and attitudes are positively related to financial behavior. However, no significant relationship exists between demographic and socioeconomic characteristics and financial behavior. Interestingly, results show that the academic personnel exhibited popular financial behavior which redounds to above average FC. Results of this exploratory study could serve as a powerful platform for policy proposal, evaluation and adoption on areas like social inclusion, increased financial literacy and financial program effectiveness.","PeriodicalId":246592,"journal":{"name":"Proceedings of 19th International Business Research Conference (Archive)","volume":"96 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-11-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115411693","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Effects of Dividend Ratios and Other Fundamentals on Forward P/Es - Some Evidences from a Worldwide Cross-Sectional Multivariate Analysis","authors":"Marco Taliento","doi":"10.2139/ssrn.2174331","DOIUrl":"https://doi.org/10.2139/ssrn.2174331","url":null,"abstract":"This study seeks to regress the forward P/Es on firms’ fundamentals as measured on global market basis. Starting from theoretical premises (DDM), the paper develops a linear multivariate model in order to capture (for US, Australia / New Zeland / Canada, Europe, Japan and Emerging Markets quoted companies) the underlying value-drivers. The regression is cross-sectional with annual data referred to 2010, a financial year – immediately after the explosion of the GFC – which exhibits signals of both slight recovery and persisting uncertainty. Results about the dividend yield confirm the hypotheses whilst the association with payouts appears surprisingly negative. Other control financial variables are tested.","PeriodicalId":246592,"journal":{"name":"Proceedings of 19th International Business Research Conference (Archive)","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-11-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128874129","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"An Examination of the Value Relevance of Intellectual Capital: The Case of Banking Industry","authors":"Sampath Kehelwalatenna, G. Premaratne","doi":"10.2139/ssrn.2174211","DOIUrl":"https://doi.org/10.2139/ssrn.2174211","url":null,"abstract":"This study examines the value relevance of intellectual capital (IC) to investors. In this respect, associations of IC with contemporaneous market valuation, stock returns, excess returns and share prices are initially tested. In addition, associations for current IC and future data of the above stock performance indicators are estimated to investigate whether the selected performance indicators have delayed response to IC. Pulic’s VAICTM method is selected to measure IC and fixed effects panel regressions are used to analyse data of 191 NYSE listed banking sector firms over 2000-2011. Results of contemporaneous analysis fail to establish conclusive associations between IC and selected stock performance indicators. Analyses to test the delayed reactions evident that contemporaneous IC relates significantly negatively with market valuation and stock returns, and significantly positively with excess returns and stock prices. This suggests that investors perceive IC as firm-specific risk related investments which account for uncertain future benefits. Evidence for investor relevance based on adopted stock performance indicators in this study, and delayed reaction analysis add new attributes to extant IC performance literature.","PeriodicalId":246592,"journal":{"name":"Proceedings of 19th International Business Research Conference (Archive)","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-10-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121219284","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"A Review of the Relationship between Subjective Well-Being and Consumption","authors":"Nattaya Prapaipanich","doi":"10.2139/ssrn.2175662","DOIUrl":"https://doi.org/10.2139/ssrn.2175662","url":null,"abstract":"It is commonly accepted that consumption increases individuals’ well-being. However, does consumption really increase individuals’ subjective well-being (SWB)? The objective of this paper is to review the literature on the linkages between consumption and individuals’ SWB, focusing on material goods and experiential goods. It focuses on papers that have been published in international journals since 1990 both in the area of economics and psychology. In order to search for the literature, key words “subjective well-being”, “consumption”, “material goods”, and “experiential goods” are used. The literature reviewed suggests some interesting findings. Material goods deliver comfort which is temporary and fades with time. It only increases SWB in the short term. Individuals adapt to the gain from material goods through time. On the other hand, experiential goods deliver pleasure. Experiential goods provide more SWB than material goods because of three reasons. The first reason is that experiences are more open to positive reinterpretation. The second reason is that experiences are less likely to disadvantageous comparisons. The final reason is that experiences are more prone to lead to successful social relationships. It is suggested that a person should spend money on experiential goods rather than material goods because experiential goods are less likely to be prone to an adaptation process, and can continually fascinate and provide satisfaction.","PeriodicalId":246592,"journal":{"name":"Proceedings of 19th International Business Research Conference (Archive)","volume":"86 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-09-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133536570","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}