Proceedings of the 51st International Academic Conference, Vienna最新文献

{"title":"FACTORS AFFECTING STOCK PRICE: THE CASE OF THAILAND STOCK EXCHANGE SET 100 INDEX","authors":"Tharinee Pongsupatt, Apichat Pongsupatt","doi":"10.20472/iac.2019.051.032","DOIUrl":"https://doi.org/10.20472/iac.2019.051.032","url":null,"abstract":"A number of researches have been examined the volatility of stock price in capital market for quite some time. Many studies have been undertaken to explore determinants influencing fluctuation in stock prices in different markets and dissimilar conclusions are found. The purpose of this study attempts to determine the factors that cause stock prices to increase or decrease. Eight explanatory variables including dividend yield, growth, leverage, return on equity, bookvalue per share, earnings per share, price-earning (P/E) ratio, and net profit after tax have been selected, while one controllable variable is set as firm-size. Completed financial data of577 samples from companies listed in Thailand Stock Exchange (TSE) SET 100 Index, excluding financing and banking sector, during the period of 2009-2018 are analyzed. Multiple regression model with statistic testing at the significant level 0.05 has been implemented. The results indicate strongly positive significant association between return on equity, earnings per share, price earnings and net profit after tax on firm?s stock price. Whereas dividend yield is the only factor that has negatively relationship with stock price. This model is supported with high R2 of 0.88. The findings in this study can assist investors or managers to comprehend the effect of specific determinants to company?s stock price in Thai capital market.","PeriodicalId":419018,"journal":{"name":"Proceedings of the 51st International Academic Conference, Vienna","volume":"16 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":"131108904","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":"COOPERATION BETWEEN AKUREYRI UNIVERSITY AND THE TOURISM INDUSTRY","authors":"Vera Kristín Kristjánsdóttir, Hafdís Björg Hjálmarsdóttir","doi":"10.20472/iac.2019.051.017","DOIUrl":"https://doi.org/10.20472/iac.2019.051.017","url":null,"abstract":"Iceland is a popular tourist destination and the number of tourists has increased rapidly in Iceland in recent years, although this increase has now slowed down. During the winter months, tourists mainly visit the south and the southwest part of Iceland, while other regions have fewer tourist during the winter months. Concentration has occurred in the south-western corner of the country, contrary to the goal of better distribution of tourist. One way of distributing tourists is the project Arctic Coast Way.The Arctic Coast Way is an attraction for tourists who want to stay out of the main roads and do so by crossing the coastal north coast. The route is a total of 900 kilometres. In May 2019, the Arctic Coast Way was chosen as the top 10 list of European destinations that are worth a visit by Lonely Planet, one of the world's most popular travel guidebooks. The project was first introduced two years ago. The Arctic Coast Way main objective should be to attract tourists' attention to the coastline along North Iceland. Such roads are known in the global tourism industry, as a tool for directing travellers by certain roads in a particular area. The overall goal of the project is to create increased opportunities for tourism companies by creating brands with which they can connect. With this, they could become more visible both in domestic and foreign markets, as well as a tool for getting tourists to travel abroad and in the peripheral areas of so-called, and to get them to stay longer in the North.The main goal of this presentation is to explain how students at the University of Akureyri took part and contributed to this project. Many good ideas from students were put forward and were used when this route was formally introduced on June 8th 2019.","PeriodicalId":419018,"journal":{"name":"Proceedings of the 51st International Academic Conference, Vienna","volume":"24 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":"123521379","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":"BASIC VALUES AND ENTREPRENEURIAL BEHAVIOUR IN FAMILY AND NON-FAMILY SMALL AND MEDIUM-SIZED FIRMS","authors":"Gergely Farkas, Éva Málovics, B. Vajda","doi":"10.20472/iac.2019.051.008","DOIUrl":"https://doi.org/10.20472/iac.2019.051.008","url":null,"abstract":"We used the Schwartz theory of basic values to examine the effect of them on entrepreneurial behaviour. According to the literature, family businesses tend to act in business based on family values. In non-family business, the connection between the leader?s values and the organizational values is less tight. We measured entrepreneurial behaviour with Entrepreneurial Orientation (EO), Learning Orientation (LO), Growth Orientation (GO), and three more dimensions about how the entrepreneurs connect to their business environment. The study used survey method and reached 298 small and medium-sized firms in the Southern Great Plain region of Hungary.Results show that family and non-family entrepreneurs only differ in conservation values (security, conformity, tradition). This is a well-known difference in the literature. However, our primary goal was to compare groups of family and non-family entrepreneurs when a quadrant of the basic value model has a higher or lower value than the median of the sample. This way, we found, those family businesses with a high value of openness to change (stimulation, self-direction) have higher EO and GO. Both groups with a high value of self-transcendence have higher LO. Family firms with high conservation values have higher LO; meanwhile, in non-family businesses, the higher openness to change is associated with higher LO. We expected higher self-enchantment (achievement, power, hedonism) might lead to higher EO, but it stands only for family firms.The pattern of connection of basic values and behaviour differs in the case of family and non-family firms. Our study confirms that the effect of leader?s basic values is less visible on entrepreneurial behaviour in case of non-family firms, but it exists. In case of family firms, the higher conservation values benefit as higher EO and LO and more intense networking in behaviour.","PeriodicalId":419018,"journal":{"name":"Proceedings of the 51st International Academic Conference, Vienna","volume":"134 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":"116208287","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":"THE IMPACT OF LEARNING ORIENTATION ON PROFESSIONAL IDENTITY AND OCCUPATIONAL WILLINGNESS OF SOCIAL WORK STUDENTS","authors":"Nian Liu","doi":"10.20472/iac.2019.051.020","DOIUrl":"https://doi.org/10.20472/iac.2019.051.020","url":null,"abstract":": Learning orientation refers to students' attitudes, motivations and learning strategies towards professional learning. A four-year follow-up survey of 158 social work undergraduates indicates that deep learning orientation has a positive and significant impact on students' professional identity and willingness to be a social worker. The more interested social worker students are in professional knowledge, the more satisfied they can obtain knowledge through professional education, and the stronger professional identity of social work is, the more likely they are to engage in becoming social workers when graduate. With the reflection on the current curriculum of judicial social work, problem-oriented approach, experiential education and vocational guidance are suggested to be applied into the course.","PeriodicalId":419018,"journal":{"name":"Proceedings of the 51st International Academic Conference, Vienna","volume":"84 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":"116267110","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":"THE IMPACT OF FISCAL RULES IN ACHIEVING THE STABILITY OF PUBLIC FINANCE – RESULTS FOR POLAND","authors":"Agnieszka Przybylska-Mazur","doi":"10.20472/iac.2019.051.034","DOIUrl":"https://doi.org/10.20472/iac.2019.051.034","url":null,"abstract":"","PeriodicalId":419018,"journal":{"name":"Proceedings of the 51st International Academic Conference, Vienna","volume":"8 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":"122862775","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":"STRENGTHENING THE ROLE OF MACROPRUDENTIAL POLICIES TO SUPPORT A SUSTAINABLE DEVELOPMENT. THE CASE OF INDONESIA","authors":"M. Hasan, Achmad Nur Hidayat, Tutut Dewanto","doi":"10.20472/iac.2019.051.007","DOIUrl":"https://doi.org/10.20472/iac.2019.051.007","url":null,"abstract":"The external pressures on the domestic economic stability has prompted Bank Indonesia to focus on its monetary policy on the exchange rate measures. However, as part of the policy mix, the stance of monetary policy has been balanced with accommodative macroprudential policies to continue providing its support for the economic growth. Even though they have different targets and in their implementation there are potential conflicts that may occur when we try to achieve the objectives of both policies, the central bank deems a monetary policy and macroprudential policies to be complementary policies. This situation will provide a space for the macroprudential policies to encourage some kind of bank intermediation and to spur a credit growth. A policy support is needed to accelerate the credit growth to achieve its economic financing targets in the next 5 years, namely at 16% yoy.","PeriodicalId":419018,"journal":{"name":"Proceedings of the 51st International Academic Conference, Vienna","volume":"43 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":"128531773","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":"RANDOMIZATION-BASED CAUSAL INFERENCE FROM POSSIBLY UNBALANCED SPLIT-PLOT DESIGNS","authors":"R. Mukherjee, Tirthankar Dasgupta","doi":"10.20472/iac.2019.051.027","DOIUrl":"https://doi.org/10.20472/iac.2019.051.027","url":null,"abstract":"Factorial experiments are currently undergoing a popularity surge in social and behavioral sciences. A key challenge here arises from randomization restrictions. Consider an experiment to assess the causal effects of two factors, expert review and teacher bonus scheme, on 40 schools in a state. A completely randomized assignment can disperse the schools undergoing review all over the state, thus entailing prohibitively high cost. A practical alternative is to divide these schools by geographic proximity into four groups called whole-plots, two of which are randomly assigned to expert review. The teacher bonus scheme is then applied to half of the schools chosen randomly within each whole-plot. This is an example of a classic split-plot design. Randomization-based analysis, avoiding rigid linear model assumptions, is the most natural methodology to draw causal inference from finite population split-plot experiments as above. Recently, Zhao, Ding, Mukerjee and Dasgupta (2018, Annals of Statistics) investigated this for balanced split-plot designs, where whole-plots are of equal size. However, this can often pose practical difficulty in social sciences. Thus, if the 40 schools are spread over four counties with 8, 8, 12 and 12 schools, then each county is a natural whole-plot, the design is unbalanced, and the analysis in Zhao et al. (2018) is not applicable.We investigate causal inference in split-plot designs that are possibly unbalanced, using the potential outcomes framework. We start with an unbiased estimator of a typical treatment contrast and first examine how far Zhao et al.?s (2018) approach can be adapted to our more general setup. It is seen that this approach, aided by a variable transformation, yields an expression for the sampling variance of the treatment contrast estimator but runs into difficulty in variance estimation. Specifically, as in the balanced case and elsewhere in causal inference (Mukerjee, Dasgupta and Rubin, 2018, Journal of the American Statistical Association), the resulting variance estimator is conservative, i.e., has a nonnegative bias. But, unlike most standard situations, the bias does not vanish even under strict additivity of treatment effects. To overcome this problem, a careful matrix analysis is employed leading to a new variance estimator which is also conservative, but enjoys the nice property of becoming unbiased under a condition even milder than strict additivity. We also discuss the issue of minimaxity with a view to controlling the bias in variance estimation, and explore the bias via simulations.","PeriodicalId":419018,"journal":{"name":"Proceedings of the 51st International Academic Conference, Vienna","volume":"1 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":"116701552","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":"SOCIALLY CONSTRUCTING AN AIDS DYSTOPIA: REPRESENTING URBAN SPACES AND PLACES IN AMERICAN MOVIES ABOUT HIV/AIDS","authors":"Kylo-Patrick R. Hart","doi":"10.20472/iac.2019.051.013","DOIUrl":"https://doi.org/10.20472/iac.2019.051.013","url":null,"abstract":"With regard to American movies about HIV/AIDS, what has long been clear is that the vast majority of all such offerings created and released during the first two decades of the AIDS pandemic feature one or more U.S. cities as a noteworthy component of their narratives. What has been less clear over time, however, is the ideological messages that the regular inclusion of these urban places communicate to the viewers of such works. This presentation endeavors to expand the scholarly attention paid to this topic. From the earliest days of motion pictures to the present, typical representations of urban places have focused alternately on both their attractive and repulsive attributes. Perhaps unsurprisingly, therefore, common representations of urban spaces and places in AIDS movies have followed the same pattern, with cities simultaneously being socially constructed as welcoming spaces for gay men (and otherwise queer individuals) and, as a direct result, as places of AIDS dystopia. Accordingly, this presentation explores the social construction of urban spaces and places as an AIDS dystopia in representative AIDS movies made and released in the United States during the decade of the 1990s. It demonstrates how the typical message communicated in such offerings is that while urban gay ghettos serve as supportive spaces for their queer residents, those who live in them are at constant risk of attack from disapproving outsiders as well as the ravages of HIV/AIDS.","PeriodicalId":419018,"journal":{"name":"Proceedings of the 51st International Academic Conference, Vienna","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":"124443946","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":"IMPACT OF EXCHANGE RATE DEPRECIATION ON EXTERNAL INDEBTEDNESS: EVIDENCE FROM A SAMPLE OF EMERGING ECONOMIES","authors":"Blessy Augustine","doi":"10.20472/iac.2019.051.004","DOIUrl":"https://doi.org/10.20472/iac.2019.051.004","url":null,"abstract":"Conventional economic theories based on the Marshall-Lerner condition suggest that exchange rate depreciation is expansionary for an economy as it induces export growth, but the recent wisdom from theories on balance sheet effects explains the ill effects of depreciation (Cespedes et al., 2000; Aghion et al., 2004; Berganza et al., 2004). Amongst various consequences that an exchange rate shock can have on the economy, its impact on country?s external indebtedness is humungous. This negative impact becomes particularly relevant for countries with high foreign currency denominated external debt. Countries with high original sin are expected to suffer the most from balance sheet effects, as foreign currency borrowing makes loan repayment more costly in the presence of a depreciating currency. In this paper our attempt is to empirically validate this negative impact of exchange rate depreciation on external debt valuation in a set of developing and emerging economies. The basic trend analysis of the variables show that; for countries that suffers from high original sin, a depreciation in currency is accompanied by rising external indebtedness and/or high debt servicing costs. The study becomes particularly relevant as majority of the emerging or developing economies are facing continuous depreciation of their currencies. The fact that the currency composition can make way for a financial crisis increases the relevance for our study. We also investigate whether countries with high foreign currency denominated debt make use of their exchange rate appreciation episodes to pay off the rising external debt burden. To this end we use the heterogeneous panel data modelling techniques, specifically the pooled mean group (PMG) estimation. We also report the Mean Group (MG) estimation results and the Dynamic fixed effects estimation results. Panel unit root test such as Levin-Lin-Chu test and Im-Pesaran-Shin test are used to find the stationarity of the variables used in the study. We make use of quarterly data for the analysis, which covers the period 2004 - 2017. The results show that there exist a long run relationship between external debt and exchange rate in most of the countries that constitute the panel. At the same time, a depreciation of exchange rate increases external indebtedness in most of these nations significantly, which can lead to situations of financial distress. Depreciating episodes increases the debt servicing cost.","PeriodicalId":419018,"journal":{"name":"Proceedings of the 51st International Academic Conference, Vienna","volume":"54 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":"127639650","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":"THE EFFECT OF CORPUS-BASED INSTRUCTION ON THAI NURSING STUDENTS’ KNOWLEDGE OF ENGLISH LEXICAL COLLOCATION.","authors":"Butsakorn Yodkamlue, Kantapat Trinart","doi":"10.20472/iac.2019.051.047","DOIUrl":"https://doi.org/10.20472/iac.2019.051.047","url":null,"abstract":": This experimental research study investigated the knowledge of Thai nursing students on lexical collocations extracted from a Sample Corpus of Nursing Research Articles (SCNRA) and examined the effect of a corpus-based instruction on the students’ performance. The participants were 51 fourth year nursing students from the Institute of Nursing, Suranaree University of Technology (SUT) in Thailand. The pre-test was administered, followed by a workshop on the target collocations and the post-test administered at the end. The results from the pre-test revealed the overall knowledge of the majority of the students was at a “Fair” level. The pre-test and the post-test results were compared using the paired samples t-test which showed a statistically significant improvement of the students’ performance in the total score (t(50) = (-11.75), p = <0.001) and in each of the three parts: part 1 (t(50) = (-7.47), p = <0.001); part 2 (t(50) = (-8.10), p = <0.001); and part 3 (t(50) = (-7.44), p = <0.001). In terms of the students’ performance, the majority of the students’ scores increased and put them one level higher in all parts from “Fair” to “Good”, except for part 3 where the level of performance was improved from “Poor” to “Fair”. The results imply that both the test and the corpus-based instruction of collocations are beneficial for the learners, thus should be encouraged.","PeriodicalId":419018,"journal":{"name":"Proceedings of the 51st International Academic Conference, Vienna","volume":"1 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":"114242863","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}