Organizations and Markets in Emerging Economies最新文献_第10页

Formulation of a Dynamic Portfolio With Stocks and Fixed-income Instruments in the Indonesian Capital Market 印尼资本市场股票和固定收益工具动态投资组合的形成

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Organizations and Markets in Emerging Economies Pub Date : 2019-05-28 DOI: 10.15388/OMEE.2019.10.00007

R. Robiyanto, Rihfenti Ernayani, Rendi Susiswo Ismail

{"title":"Formulation of a Dynamic Portfolio With Stocks and Fixed-income Instruments in the Indonesian Capital Market","authors":"R. Robiyanto, Rihfenti Ernayani, Rendi Susiswo Ismail","doi":"10.15388/OMEE.2019.10.00007","DOIUrl":"https://doi.org/10.15388/OMEE.2019.10.00007","url":null,"abstract":"This research creates a crossed asset portfolio formulation dynamically with stocks and fixed-income instruments. This dynamic portfolio formulation did not require normally distributed data and accommodated the correlation among class assets which kept changing across time. This was based on the existing assumptions in the modern portfolio theory which were rarely found in the real world, for example, when stock return was normally distributed, the correlation among securities would be constant at all times. The data used in this research were LQ45 Index as a stock market proxy, S and P Indonesia Corporate Bond Index (representing the corporate bond market) and S and P Indonesia Government Bond Index data (representing the government bond market) during the period of June 4th, 2007 to April 11th, 2016. This research found that the dynamic portfolio of stock with either government or corporate bonds was able to reduce the level of risk significantly despite producing a lower rate of return, compared to the ones specifically invested in the stock market. Investors who believe in the principles of prudent investment may use this dynamic approach in shaping the portfolio with stocks and fixed-income instruments.","PeriodicalId":43076,"journal":{"name":"Organizations and Markets in Emerging Economies","volume":null,"pages":null},"PeriodicalIF":0.9,"publicationDate":"2019-05-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42622928","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: 10

Acquisition Behavior of Emerging Versus Developed Market Multinationals 新兴市场跨国公司与发达市场跨国公司的收购行为

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Organizations and Markets in Emerging Economies Pub Date : 2019-05-28 DOI: 10.15388/OMEE.2019.10.00001

Kashif Ahmed, Ralf Bebenroth

引用次数: 6

Utilitarian or Hedonic? A Cross Cultural Study in Online Shopping 功利主义还是享乐主义？网络购物中的跨文化研究

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Organizations and Markets in Emerging Economies Pub Date : 2018-12-31 DOI: 10.1007/978-3-319-24148-7_71

Hilal Özen, Nil Kodaz

引用次数: 25

The Influence of Organizational Culture and Organizational Justice on Group Cohesion as Perceived by Merger and Acquisition Employees 组织文化和组织公正对并购员工群体凝聚力的影响

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Organizations and Markets in Emerging Economies Pub Date : 2018-12-31 DOI: 10.15388/OMEE.2018.10.00012

M. Ismail, Nordahlia Umar Baki, Z. Omar

引用次数: 3

Profitability of Contrarian Strategies: Evidence From the Stock Exchange of Mauritius 反垄断策略的盈利能力：来自毛里求斯证券交易所的证据

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Organizations and Markets in Emerging Economies Pub Date : 2018-12-31 DOI: 10.15388/OMEE.2010.1.2.14300

U. Subadar, A. R. M. A. Hossenbaccus

{"title":"Profitability of Contrarian Strategies: Evidence From the Stock Exchange of Mauritius","authors":"U. Subadar, A. R. M. A. Hossenbaccus","doi":"10.15388/OMEE.2010.1.2.14300","DOIUrl":"https://doi.org/10.15388/OMEE.2010.1.2.14300","url":null,"abstract":"The aim of this paper is to assess the profitability of contrarian strategies on the Stock exchange of Mauritius. Using data from 2001 till 2009 for all 40 listed companies on the official market, the study shows little support in favour of the contrarian effect. In particular, the losers portfolio seems to outperform the winners portfolio in one out of nine strategies. However, when considering the market return, negative excess returns are noted for all portfolios across all strategies, providing strong support for a passive portfolio management strategy and weak support for overreaction hypothesis. In addition, the Size, Price, Earnings to Price (E/P) and Book to Market (B/M) Effect has been tested. The results suggest that the average market return is greater than size-based portfolios and price-based portfolios. However, when accounting for the E/P and the B/M effect, there seems to be a strategy which can beat the market. Nevertheless, most strategies for E/P and B/M portfolios indicate insignificant excess returns. In general, the results of this paper are undoubtedly in sharp contrast with most popular studies in developed markets. However, it is observed that investors on the SEM may not possess similar characteristics to those of well-advanced markets. In particular, according to Harvey (1995), emerging market countries are sometimes relatively isolated from capital markets of other countries.","PeriodicalId":43076,"journal":{"name":"Organizations and Markets in Emerging Economies","volume":null,"pages":null},"PeriodicalIF":0.9,"publicationDate":"2018-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42362048","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: 4

The Impact of Remittances on Domestic Investment in Developing Countries: Fresh Evidence From the Asia-pacific Region 汇款对发展中国家国内投资的影响:来自亚太地区的新证据

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Organizations and Markets in Emerging Economies Pub Date : 2018-12-31 DOI: 10.15388/OMEE.2018.10.00010

L. Tung

引用次数: 17

Impact of Core-self Evaluation and Job Satisfaction on Turnover Intentions: a Study of Indian Retail Sector 核心自我评价和工作满意度对离职意向的影响——对印度零售业的研究

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Organizations and Markets in Emerging Economies Pub Date : 2018-12-31 DOI: 10.15388/OMEE.2018.10.00015

B. Chhabra

{"title":"Impact of Core-self Evaluation and Job Satisfaction on Turnover Intentions: a Study of Indian Retail Sector","authors":"B. Chhabra","doi":"10.15388/OMEE.2018.10.00015","DOIUrl":"https://doi.org/10.15388/OMEE.2018.10.00015","url":null,"abstract":"Attrition is the major problem in the Indian Retail Industry which experienced the attrition rate of 19.4% in FY 2016 according to KPMG Annual Compensation Trends Survey 2017-18. The focus of these organizations is to reduce turnover by focusing on the underlying factors leading to turnover intentions and actual turnover. The present study was conducted to explore the effect of job satisfaction and core self-evaluation on turnover intentions. The purpose of the study was also to see if core self-evaluation (CSE) moderates the relationship between job satisfaction and turnover intentions. The study was conducted using structured questionnaires for measuring the above-mentioned variables. The sample of the study was 347 salespersons from various retail organizations working in Delhi and NCR. Hierarchical multiple regression showed that both job satisfaction and CSE were negatively related to turnover intentions. Also, CSE was found to moderate the relationship between job satisfaction and turnover intentions such that the relationship was stronger for the employees with low core self-evaluation. The present study has important implications for policy makers in the retail sector. Managers should use strategies to increase job satisfaction in order to curb high attrition in this sector. They must be aware of the moderating role played by personality attributes in the relationship between job satisfaction and turnover intentions.","PeriodicalId":43076,"journal":{"name":"Organizations and Markets in Emerging Economies","volume":null,"pages":null},"PeriodicalIF":0.9,"publicationDate":"2018-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46661998","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: 11

Brand Personality Scale: is It Applicable for a Small Emerging Country? 品牌个性量表:适用于新兴小国吗?

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Organizations and Markets in Emerging Economies Pub Date : 2018-12-31 DOI: 10.15388/OMEE.2018.10.00017

V. Dikčius, E. Šeimienė, Ramūnas Časas

引用次数: 1

Preferred Leader Behaviour in the Business Sector of Lithuania: Follower Diversity Perspective 立陶宛商业部门首选领导者行为：追随者多样性视角

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Organizations and Markets in Emerging Economies Pub Date : 2018-12-31 DOI: 10.15388/OMEE.2018.10.00014

I. Minelgaite, R. Littrell, Vida Skudiene

{"title":"Preferred Leader Behaviour in the Business Sector of Lithuania: Follower Diversity Perspective","authors":"I. Minelgaite, R. Littrell, Vida Skudiene","doi":"10.15388/OMEE.2018.10.00014","DOIUrl":"https://doi.org/10.15388/OMEE.2018.10.00014","url":null,"abstract":"Leadership roles in sustaining effective management have recently become paramount due to the need to keep up with the fast technical and societal developments. Moreover, business sectors in the postcommunist transformation settings are facing distinct leadership challenges suggesting a different pattern of leadership behaviour. The main contribution of this study was to build on follower-centric approach in leadership and investigate followers’ diversity in regard to leader behaviour preferences as a means to benchmark followers’ attitudes in the post-communist country still undergoing societal cultural shift. The purpose of the study was to investigate the leadership behaviours in Lithuanian cultural context. This study used 129 responses to the Leader Behaviour Description Questionnaire XII in order to identify the followers’ preferences of the leadership behaviour. ANOVA and correlation analyses were used to identify how followers’ age, level of education, and gender are related to leadership behaviour. The results indicated significant differences in regard to gender and education level of the follower towards the desired leader behaviour. However, the age of the follower did not affect leader behaviour preferences. This indicates that followers in Lithuania have diverse attitudes towards perception of effective leadership. Studying leader behaviour within the context of the followers’ socio-demographic characteristics contributes to the increase of knowledge about leadership behaviour in post-communist emerging economies.","PeriodicalId":43076,"journal":{"name":"Organizations and Markets in Emerging Economies","volume":null,"pages":null},"PeriodicalIF":0.9,"publicationDate":"2018-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44672345","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

Utilitarian or Hedonic? A Cross Cultural Study in Online Shopping 功利主义还是享乐主义?网上购物的跨文化研究

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Organizations and Markets in Emerging Economies Pub Date : 2018-12-31 DOI: 10.15388/omee.2012.3.2.14269

Hilal Ozen,Nil Kodaz

引用次数: 0