European Journal of Applied Economics最新文献_第3页

Income-health nexus in Sub-Saharan Africa: Evidence from heterogeneous panel models 撒哈拉以南非洲的收入-健康关系:来自异质面板模型的证据

European Journal of Applied Economics Pub Date : 1900-01-01 DOI: 10.5937/EJAE15-16293

I. Odusanya, A. Atanda

引用次数: 4

Herd behaviour in the cryptocurrency market: Fundamental vs. spurious herding 加密货币市场的羊群行为:基本面与虚假羊群

European Journal of Applied Economics Pub Date : 1900-01-01 DOI: 10.5937/EJAE17-22053

Chamil W. Senarathne, W. Jianguo

{"title":"Herd behaviour in the cryptocurrency market: Fundamental vs. spurious herding","authors":"Chamil W. Senarathne, W. Jianguo","doi":"10.5937/EJAE17-22053","DOIUrl":"https://doi.org/10.5937/EJAE17-22053","url":null,"abstract":"This paper sets out to explore whether the investor herding in the cryptocurrency market induces correlations in cryptocurrency returns using the methodology of Chang et al. (2000) and Galariotis et al. (2015) from a daily data sampling period of 3/30/2015 to 5/24/2019. The initial regression results show that the cross-sectional absolute deviation of return can only be explained by GSCI oil and gold index return, but no relationship exists between cross-sectional absolute deviation of return and other regression variables, such as return on CCi30, US equity risk premium and US/Euro exchange rate return. The herding regression results under normal market condition show that a strong tendency exists to herd on non-fundamental information that explains cross-sectional absolute deviation of returns. As such, cryptocurrency returns cannot be predicted on the basis of fundamental economic information (e.g., major macroeconomic announcements). Herding on non-fundamental information is found to be more pronounced during an upward-trending period of the market and other than upward-trending period. No signs of herding on fundamental information could be observed under other market conditions. Although the theory suggests that herding on non-fundamental information results in more efficient outcomes, the above findings do not encourage the diversification of traditional assets with cryptocurrency on the basis of low correlation. Since cryptocurrency lacks intrinsic value, the exchange is shown to provide a pseudo-efficient trading platform for speculative investors. Implications for future research are discussed.","PeriodicalId":341851,"journal":{"name":"European Journal of Applied Economics","volume":"19 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128687795","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}

引用次数: 9

Inflation rate impact on the share returns of real sector companies in AP Vojvodina 通货膨胀率对AP伏伊伏丁那省实体行业公司股票回报的影响

European Journal of Applied Economics Pub Date : 1900-01-01 DOI: 10.5937/EJAE15-17997

Goran B. Anđelić, Nenad D. Penezić, Vilmoš Tot, M. Milošević

{"title":"Inflation rate impact on the share returns of real sector companies in AP Vojvodina","authors":"Goran B. Anđelić, Nenad D. Penezić, Vilmoš Tot, M. Milošević","doi":"10.5937/EJAE15-17997","DOIUrl":"https://doi.org/10.5937/EJAE15-17997","url":null,"abstract":"Taking into account the current trends in the domestic financial market, the subject of this research is the analysis, testing and quantification of the inflation rate impact on the daily share returns of the real sector companies in AP Vojvodina. The aim of the research is to generate concrete, practically tested and quantified knowledge about the possibilities and efficiency of the GARCH models application to quantify the inflation rate impact on the share returns of the observed companies. The period covered by the survey is from 2006 to 2016 and it includes the real sector companies of AP Vojvodina whose shares are quoted within the stock exchange index BELEXline. The research results show the exact correlation between the daily return rates of the observed companies and the financial risk factor - the inflation rate. The results also show a positive impact of the variable inflation rate on the returns of companies NIS a.d (0.013876), Sojaprotein a.d (0.019167) and Vital a.d (0.051056), and a negative impact on the returns of the company Veterinary Institute a.d (-0.000183). The research results confirm the role and significance of the application of econometric models in order to quantify financial risk factors of returns from investment activities in the real sector companies of AP Vojvodina.","PeriodicalId":341851,"journal":{"name":"European Journal of Applied Economics","volume":"25 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124107543","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}

引用次数: 0

Tourist satisfaction with quality of service, food, atmosphere, and value for money in restaurants of major cities of the Western Balkans 游客对西巴尔干主要城市餐馆的服务质量、食物、氛围和物有所值的满意度

European Journal of Applied Economics Pub Date : 1900-01-01 DOI: 10.5937/ejae17-27360

Bojan Živadinović

引用次数: 3

Talent development and education in tourism 旅游业人才培养与教育

European Journal of Applied Economics Pub Date : 1900-01-01 DOI: 10.5937/EJAE14-15571

S. Unković

引用次数: 3

Models for the evaluation of business excellence in capital market of Bosnia and Herzegovina 波黑资本市场企业卓越性评价模型

European Journal of Applied Economics Pub Date : 1900-01-01 DOI: 10.5937/SJAS1201009A

Almir Alihodžić, Jasmina Džafić

引用次数: 1

How to write research articles in computing and engineering disciplines 如何写计算机和工程学科的研究论文

European Journal of Applied Economics Pub Date : 1900-01-01 DOI: 10.5937/SJAS1201042S

I. Stojmenovic, V. Milutinovic

引用次数: 8

The process of risk management in financial business 金融业务风险管理的过程

European Journal of Applied Economics Pub Date : 1900-01-01 DOI: 10.5937/SJAS1202033Z

D. Zigić, M. Hadžić

引用次数: 2

CUSTOMER ORIENTATION AND BUSINESS PERFORMANCE IN COMMUNITy BANKS: A FIVE yEAR COMPARISON 社区银行的客户导向与经营绩效:五年比较

European Journal of Applied Economics Pub Date : 1900-01-01 DOI: 10.5937/SJAS1202009F

J. Fitzgerald, Gerald F. Sullivan, Borivoje Đokić

{"title":"CUSTOMER ORIENTATION AND BUSINESS PERFORMANCE IN COMMUNITy BANKS: A FIVE yEAR COMPARISON","authors":"J. Fitzgerald, Gerald F. Sullivan, Borivoje Đokić","doi":"10.5937/SJAS1202009F","DOIUrl":"https://doi.org/10.5937/SJAS1202009F","url":null,"abstract":"Prior studies involving the influence of market orientation on enhanced business performance have shown mixed results. The purpose of the 2011 study was to determine if over the five year period since the 2006 study, the market orientation of community banks in relationship to their business performance had changed. The authors theorized that this inconsistency may be caused by the investment in a market orientation having a diminishing returns when measuring enhanced business performance. To this end authors surveyed community oriented commercial banks in six states. The authors used the responses of the individual bank’s CEOP as a proxy for the senior management measure of a commitment of market orientation. They used audited numbers from audited financial statements submitted by the individual banks to their governmental regulators to compute a return on assets which was used as the measure of business performance. The result of the study concluded that there was indeed a point of diminishing return on assets when investing in marketing orientation and identified such a point using a seven pint scale. The point of diminishing return was also identified for each of three components of market orientation using the same scale. It appeared that those banks who tended to control their customer orientation in the 2006 time frame, were better positioned to be successful in the stressed economic times. The participating banks corporate culture, relative to the value of a por tion of its customer base that was unprofitable or marginally profitable, and the bank’s willingness to move away from these customers, and their propensity to show profit level not enjoyed by their competitors, allows for their survival today.","PeriodicalId":341851,"journal":{"name":"European Journal of Applied Economics","volume":"22 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126321000","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}

引用次数: 1

Importance of marketing mix in higher education institutions 高等教育机构营销组合的重要性

European Journal of Applied Economics Pub Date : 1900-01-01 DOI: 10.5937/SJAS1201029G

Jelena Gajić

{"title":"Importance of marketing mix in higher education institutions","authors":"Jelena Gajić","doi":"10.5937/SJAS1201029G","DOIUrl":"https://doi.org/10.5937/SJAS1201029G","url":null,"abstract":"Understanding factors and circumstances that create certain market environment conditions is a primary goal of any modern - oriented higher education institution that enables harmonizing the supply with current demands as well as defining appropriate marketing strategies. The process of formulating the strategy of a higher education institution, in addition to reviewing the existing services, includes identifying new opportunities, analyzing relevant competitors and positioning against them and similar. The need for change in marketing strategy, that is market restructuring of a higher education institution, presents a natural consequence of economic oscillations which are the result of market needs and competition dynamics. Continuous monitoring and adjustment of modern developments with the needs of the target market affect the overall perception of service quality and satisfaction of users. Since the choice of marketing strategy involves defining the best ways of achieving the goals, keeping in mind that marketing as a business function, it should contribute to the improvement of educational institutions of governance process, orientation towards the market, or aligning curriculum with the needs of target groups. The Education Reform in Serbia has initiated all educational institutions (private and state) which market-oriented their activities, due to insufficient, inadequate application of current marketing and marketing tools. Using different combinations of marketing mix instruments can lead to achieving competitive advantage in education market. The main role of marketing strategy is to combine competences and other strategies of an educational institution, coordinating the challenges and limitations imposed by its environment and finding the best ways of achieving its mission and vision.","PeriodicalId":341851,"journal":{"name":"European Journal of Applied Economics","volume":"92 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121311978","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}

引用次数: 48