Journal of Applied Business Research最新文献_第2页

Meeting Or Beating Analysts’ Revenue Forecasts Using Advertising Activities 利用广告活动达到或超过分析师的收入预测

Journal of Applied Business Research Pub Date : 2020-01-01 DOI: 10.19030/jabr.v36i1.10320

D. Son

引用次数: 0

Correlation of Radiomorphometric Indices of the Mandible and Biochemical Parameters in Patients with Secondary Hyperparathyroidism Due to Chronic Kidney Disease. 慢性肾病导致的继发性甲状旁腺功能亢进症患者下颌骨放射形态指标与生化指标的相关性

Journal of Applied Business Research Pub Date : 2019-07-01 Epub Date: 2019-12-03 DOI: 10.1055/s-0039-1688738

Stenio Medeiros Queiroz, Ana Luiza Dias Leite De Andrade, Patrícia Teixeira De Oliveira, Paulo Raphael Leite Maia, Ângelo Giuseppe Roncalli Da Costa Oliveira, Roseana De Almeida Freitas, Hébel Cavalcanti Galvão

{"title":"Correlation of Radiomorphometric Indices of the Mandible and Biochemical Parameters in Patients with Secondary Hyperparathyroidism Due to Chronic Kidney Disease.","authors":"Stenio Medeiros Queiroz, Ana Luiza Dias Leite De Andrade, Patrícia Teixeira De Oliveira, Paulo Raphael Leite Maia, Ângelo Giuseppe Roncalli Da Costa Oliveira, Roseana De Almeida Freitas, Hébel Cavalcanti Galvão","doi":"10.1055/s-0039-1688738","DOIUrl":"10.1055/s-0039-1688738","url":null,"abstract":"Objective: The aim was to correlate radiomorphometric indices and biochemical analyses as an auxiliary method in bone evaluation in male and female patients with chronic kidney disease-mineral and bone disorder (CKD-MBD) and controls.Materials and methods: Nine radiomorphometric indices and four biochemical parameters were obtained: mental index (MI), height at the mental foramen, total mandibular height (THM), panoramic mandibular index (PMI), original height of the mandible, alveolar bone resorption, distance from the mental foramen to the alveolar bone crest (MF-ABC), mandibular cortical index (MCI), trabecular bone pattern, parathyroid hormone (PTH), calcium (Ca), phosphorus (P), and Ca × P product (Ca × P).Statistical analysis: The Mann-Whitney U-test, chi-squared test, and Spearman's correlation were applied at a significance level of 95%.Results: There was a moderate negative and significant correlation between MI, PMI, and PTH in female patients with CKD-MBD as well as between THM, MF-ABC, and Ca × P. The MCI and trabecular bone pattern indicated altered bone quality in male patients.Conclusions: The radiomorphometric evaluation was an auxiliary, noninvasive method to detect possible alterations in the cortex and mandibular bone trabeculation in male and female patients with CKD-MBD.","PeriodicalId":40064,"journal":{"name":"Journal of Applied Business Research","volume":"25 1","pages":"303-309"},"PeriodicalIF":0.0,"publicationDate":"2019-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6890480/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90161048","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Inferring The Cost Of Equity: Does The CAPM Consistently Outperform The Income And Multiples Valuation Models? 推断股权成本：CAPM是否始终优于收益和倍数估值模型？

Journal of Applied Business Research Pub Date : 2018-05-07 DOI: 10.19030/jabr.v34i3.10174

Vusani Moyo, Fidelis Mache

{"title":"Inferring The Cost Of Equity: Does The CAPM Consistently Outperform The Income And Multiples Valuation Models?","authors":"Vusani Moyo, Fidelis Mache","doi":"10.19030/jabr.v34i3.10174","DOIUrl":"https://doi.org/10.19030/jabr.v34i3.10174","url":null,"abstract":"A number of surveys reveal that a large number of analysts, valuation experts, investors, chief financial officers and finance academics employ the capital asset pricing model (CAPM) of Sharpe (1962) and Lintner (1965) to estimate the cost of equity. There are, however, a number of alternative valuation models that can be used to infer the cost of equity. These alternative equity valuation models include the constant growth dividend discount, the earnings and book market multiples, the residual income and the Ohlson and Juettner-Nauroth (2005) abnormal earnings growth (AEG) models. Using four mature retail firms listed on the Johannesburg Stock Exchange, this paper tested for the equivalence of these models to the CAPM in estimating the cost of equity. The study found that the variants of the constant growth dividend discount and the AEG models give similar estimates which are closer to those of the CAPM. The variants of the price-to-earnings market multiples, price-to-book market multiples, and residual income models all yield estimates that are higher than those of the CAPM. Finally, the estimates seem to be affected by the stability of the firm’s earnings and financial position.","PeriodicalId":40064,"journal":{"name":"Journal of Applied Business Research","volume":"34 1","pages":"519-532"},"PeriodicalIF":0.0,"publicationDate":"2018-05-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44378355","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: 2

Stock Returns And Disagreement Among Sell-Side Analysts 股票收益率与卖方分析师的分歧

Journal of Applied Business Research Pub Date : 2018-05-07 DOI: 10.19030/JABR.V34I3.10171

Jeffrey J. Hobbs, David L. Kaufman, Heiwai Lee, Vivek Singh

引用次数: 0

The Influence Of Firm’s Fair Value System On Earnings Quality Under IFRS 国际财务报告准则下企业公允价值制度对盈余质量的影响

Journal of Applied Business Research Pub Date : 2018-05-07 DOI: 10.19030/JABR.V34I3.10166

C. Rhee, Eun-Sil Choi, Ji-Yeon Ryu

{"title":"The Influence Of Firm’s Fair Value System On Earnings Quality Under IFRS","authors":"C. Rhee, Eun-Sil Choi, Ji-Yeon Ryu","doi":"10.19030/JABR.V34I3.10166","DOIUrl":"https://doi.org/10.19030/JABR.V34I3.10166","url":null,"abstract":"This paper analyzes the influence of firms’ fair value system on earnings quality under IFRS. Korean firms are required to adopt IFRS in 2011. IFRS adoption was expected to increase value relevance of book value of equity and benefit information users’ decision making. However, prior Korean studies report that value relevance of book value of equity is indifferent between under K-GAAP and IFRS. We consider that the indifference in value relevance of book value of equity after IFRS adoption is due to different level of fair value system among firms. We investigate whether the different level of fair value system among firms lead to the difference in earnings quality. Furthermore, we examine how each firm’s fair value system affect earnings quality under IFRS. \u0000 This study finds following results. First, firms with weak fair value system smooth income more frequently. Second, firms with weak fair value system experience small amount of positive profit and slight increase in net income compared to prior period more frequently. Third, firms with weak fair value system make less timely loss recognition. Lastly, book value of equity and goodwill has low relative value relevance for weak fair value systemic firms, while both book value of equity and goodwill have incremental value relevance for firms with strong fair value evaluation system.","PeriodicalId":40064,"journal":{"name":"Journal of Applied Business Research","volume":"34 1","pages":"427-436"},"PeriodicalIF":0.0,"publicationDate":"2018-05-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46407474","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

Leapfrogging under a sequential investment strategy 在连续投资策略下实现跨越式发展

Journal of Applied Business Research Pub Date : 2018-05-07 DOI: 10.19030/JABR.V34I3.10167

H. Yim

{"title":"Leapfrogging under a sequential investment strategy","authors":"H. Yim","doi":"10.19030/JABR.V34I3.10167","DOIUrl":"https://doi.org/10.19030/JABR.V34I3.10167","url":null,"abstract":"A common FDI pattern observed across Korean parents investing in China is that they invest sequentially. Revoking that Korean parents are intended to achieve production efficiency in China, the economies of scale of a sequential investment strategy is relatively lower compared to a large scale one-shot investment; however, the latest production technologies can be applied to sequentially established subsidiaries, which can open a strategic pathway to leapfrog other competitors in the long run. A game model is constructed to demonstrate that as longer the Korean parents are expected to stay in China, they are better off by pursuing a sequential investment strategy. Unfortunately, this result does not mean that they can leapfrog competitors through sequential investment strategy. This can happen only when they begin with larger resource endowments. The model predicts that, under the lack of resources in establishing Chinese subsidiaries, Korean firms’ leapfrogging through sequential investment strategy can occur if technology shocks occur to follow-up investments after an initial investment is done. A scenario approach is performed to prove this prediction empirically. It turns out that the firm value of those Korean parents that pursue sequential investment strategy increases the most when the longer they operate in China and when their research and development investments are higher at the same time. Also, as they stay longer in China, they are intended to make more sequential investments.","PeriodicalId":40064,"journal":{"name":"Journal of Applied Business Research","volume":"34 1","pages":"437-446"},"PeriodicalIF":0.0,"publicationDate":"2018-05-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46004171","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

Key Management Model Of Added Value In The Historical Tourist Attractions: The Case Studies The Emerald Buddha Temple Bangkok Thailand 历史旅游景点的关键增值管理模式——以泰国曼谷翡翠佛寺为例

Journal of Applied Business Research Pub Date : 2018-05-07 DOI: 10.19030/jabr.v34i3.10172

Chayanan Kerdpitak

{"title":"Key Management Model Of Added Value In The Historical Tourist Attractions: The Case Studies The Emerald Buddha Temple Bangkok Thailand","authors":"Chayanan Kerdpitak","doi":"10.19030/jabr.v34i3.10172","DOIUrl":"https://doi.org/10.19030/jabr.v34i3.10172","url":null,"abstract":"The promotion of the historical tourist attractions is an important mission that should be accomplished to ensure that the tourists have admired ancient sites that are valuable, rare, Inimitable andnon – substitution. The tourists are thus enthusiastic to visit the ancient sites and willing to promote and encourage other tourists to visit these tourist attractions. By this reason, the objective of this research is to study the main factors affecting the added value of the tourist to the historical tourist attractions in Thailand. The factors include, Participation Management, Processes Management, Resource Management, Tourists Satisfaction, Tourist Attractions Differentiation and Added Value of Tourists. \u0000In this study, the researcher has applied both quantitative and qualitative research methodologies using questionnaires and in-depth interview. The sample comprises visitors to the Temple of the Emerald Buddha. Meanwhile, the path analysis has been used to analyze the data. At the same time the researcher intends to propose the conceptual framework for this study with an aim to identify of the research question, there are any factors affecting to the added value of the visitors to the ancient sites. Moreover, the researcher has recommended 7 assumptions to find out the factors that have effects on the added value of the visitors to the ancient sites. \u0000The result has shown that the Tourists satisfaction and the differentiation in tourist attractions have affected the visitors’ added value with the significance level at 0.008. The result of this study can be used to set up the business operations policy of the Thai tourism business. The policy focuses on differentiation placing the development of tourist attractions as first priority followed by the environmental management, the promotion of tourist attractions and the renovation of ancient sites respectively.","PeriodicalId":40064,"journal":{"name":"Journal of Applied Business Research","volume":"34 1","pages":"497-506"},"PeriodicalIF":0.0,"publicationDate":"2018-05-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41551365","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

The Impact Of The National Credit Act On Residential Mortgage Lending In South Africa 国家信贷法案对南非住宅抵押贷款的影响

Journal of Applied Business Research Pub Date : 2018-05-07 DOI: 10.19030/JABR.V34I3.10175

Catherine Boonzaaier

引用次数: 1

Agency Theory Approach For The Performance Of Returnee Entrepreneurs 回归企业家绩效的代理理论研究

Journal of Applied Business Research Pub Date : 2018-05-07 DOI: 10.19030/JABR.V34I3.10168

P. Yan, Yunhyeong Choi, Seong-jin Choi, Sukyoon Jung

引用次数: 2

Segment Reporting Level And Analyst Forecast Accuracy 分部报告级别和分析师预测准确性

Journal of Applied Business Research Pub Date : 2018-05-07 DOI: 10.19030/JABR.V34I3.10170

Kyongsun Heo, Seoyoung Doo

{"title":"Segment Reporting Level And Analyst Forecast Accuracy","authors":"Kyongsun Heo, Seoyoung Doo","doi":"10.19030/JABR.V34I3.10170","DOIUrl":"https://doi.org/10.19030/JABR.V34I3.10170","url":null,"abstract":"In a setting where the primary financial statements have been converted from individual financial statements to consolidated financial statements in Korea, we examine the effect of segment information disclosed by the firm on analysts’ consolidated-base earnings forecast accuracy. Since Korean firms have prepared the primary financial statements on a non-consolidated basis in the pre-IFRS regime, the adoption of International Financial Reporting Standards (IFRS) leads to a great deal of difficulties and complexities in making accurate consolidated forecasts for users of financial statements, even for financial analysts who are sophisticated users of financial statements. In this situation, we conjecture that the amount of details and types of information in segment disclosure will influence analysts’ forecast accuracy. Consistent with the prediction, we find that financial analysts are able to make more accurate earnings projections when firms provide more disaggregated accounting figures by each segment. Moreover, we find that analysts can make forecasts more accurately when firms disclose more persistent earnings component (i.e., segment operating income). Furthermore, we find that the effect of the segment disclosure levels on analysts’ forecast accuracy is more pronounced for firms with multi-segments. Our results indicate that disaggregated segment information is a useful source for financial analysts to have better understanding about complete picture of firms’ consolidated earnings and improve their forecasting performance.","PeriodicalId":40064,"journal":{"name":"Journal of Applied Business Research","volume":"34 1","pages":"471-486"},"PeriodicalIF":0.0,"publicationDate":"2018-05-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42659062","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