scholarly journals The Impact of Industry Classification Schemes on Financial Research

Author(s):  
Christian Weiner
2020 ◽  
Vol 12 (16) ◽  
pp. 2589
Author(s):  
Tana Qian ◽  
Tsuguki Kinoshita ◽  
Minoru Fujii ◽  
Yuhai Bao

Global land-cover products play an important role in assisting the understanding of climate-related changes and the assessment of progress in the implementation of international initiatives for the mitigation of, and adaption to, climate change. However, concerns over the accuracies of land-cover products remain, due to the issue of validation data uncertainty. The volunteer-based Degree Confluence Project (DCP) was created in 1996, and it has been used to provide useful ground-reference information. This study aims to investigate the impact of DCP-based validation data uncertainty and the thematic issues on map accuracies. We built a reference dataset based on the DCP-interpreted dataset and applied a comparison for three existing global land-cover maps and DCP dataset-based probability maps under different classification schemes. The results of the obtained confusion matrices indicate that the uncertainty, including the number of classes and the confusion in mosaic classes, leads to a decrease in map accuracy. This paper proposes an informative classification scheme that uses a matrix structure of unaggregated land-cover and land-use classes, and has the potential to assist in the land-cover interpretation and validation processes. The findings of this study can potentially serve as a guide to select reference data and choose/define appropriate classification schemes.


2020 ◽  
Vol 12 (3) ◽  
pp. 1150 ◽  
Author(s):  
Fuzhong Chen ◽  
Jingxin Lu ◽  
Jiaying Li ◽  
Wenting Wang ◽  
Horlane Bissielou

Sustainable financial education is defined as the continuous input of money and time on financial knowledge education after formal schooling. The purpose of this paper is to examine the impact of sustainable financial education on consumer life satisfaction. Utilizing the dataset of Household Consumer Finance of Chinese Urban Residents in 2012 by the China Financial Research Center of Tsinghua University, the variable of sustainable financial education is constructed through the variables of the necessity of financial education, the money spent on financial education, and the time spent on financial education. To improve the estimation results, order probit regression is utilized. The results indicate that financial education is significantly positive to consumer life satisfaction only for a consumer with higher education. Consumers who regard financial education to be of high necessity will feel more satisfied. The results also show that consumers who spend more money and time on financial education after formal schooling will be more satisfied. Moreover, the sustainable impacts of financial education on consumer life satisfaction are verified. In addition, this study provides empirical evidence that suggests that sustainable financial education positively contributes to consumer life satisfaction. The results have implications for policymakers to take measures in enhancing sustainable financial education to improve consumer life satisfaction.


2015 ◽  
Vol 25 (1) ◽  
pp. 51-74 ◽  
Author(s):  
Laszlo Sajtos ◽  
Henning Kreis ◽  
Roderick Brodie

Purpose – While service brands are conceptualised as being both the company’s presented brand and the customer’s relationship experience, most research to date has supported the central role of the latter over the former in creating customer value and developing loyalty. Studies supporting the central role of relationship experience have relied on classification schemes that have been developed around the role of employees. In contrast, the purpose of this paper is to propose and test the effect of two new moderators, namely advertising spending- and labour-intensity (LI), in predicting the impact of company image and employee trust. Design/methodology/approach – Four contexts (banking, internet provider, insurance and hairdressing) were selected based on their advertising spending- and LI, and a multi-group structural equation modelling technique was employed to test for differences between contexts. Findings – Company image and employee trust were found to have a significant impact on customer value and loyalty perceptions, with considerable differences in patterns across the chosen contexts. This study has confirmed that differences in advertising spending intensity can explain discrepancies in the relative influence of customer value and loyalty drivers across multiple service industries. Originality/value – The findings of this study shed new light on the results of previous studies that relied solely on classification schemes and which supported the primary importance of employee-customer interactions for service brands. Ultimately, this research can help managers better understand the driving forces of their business.


2017 ◽  
pp. 74-86
Author(s):  
Saut Purba ◽  
Donalson Silalahi

Dividend policy is an interesting theme in financial research. The dividend policy often used to reduce conflicts of interest between shareholders and managers. Therefore, would be argued that the ownership structure affect the dividend policy. This study aims to: First, to explain the ownership structure and dividend policy. Second, to obtain the empirical evidence about the impact of ownership structure on dividend policy by used size, capital structure and profitability of the firm as control variables. The study was conducted in Indonesia Stock Exchange using the 198 companies as samples and use multiple regression as an analytical tool. Based on the results of the study suggested that: First, the institutional ownership before and after the control variables included positive and significant effect on the dividend payout ratio. Second, managerial ownership before and after the control variables included no significant effect on the dividend payout ratio. Third, the size of the company have significant positive effect on the dividend payout ratio. Fourth, capital structure and profitability of the firm has no significant effect on the dividend payout ratio.


Author(s):  
Joseph G. Haubrich

Once a year, financial system regulators and economists meet to present and discuss the latest research on financial stability at a conference sponsored by the Federal Reserve Bank of Cleveland and the Office of Financial Research. The major focus of discussion during the 2020 conference was the impact of the COVID-19 pandemic on the financial system. This Commentary summarizes the ideas and insights presented in the research papers and keynote speeches.


1996 ◽  
Vol 31 (3) ◽  
pp. 309 ◽  
Author(s):  
Kathleen M. Kahle ◽  
Ralph A. Walkling

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