Multinomial Logistic Regression to Estimate the Financial Education and Financial Knowledge of University Students in Chile

All individuals face decisions during their lifetime that directly influence the economic well-being of their families. Therefore, financial education can be a fundamental tool to maximize our economic resources and use them wisely. A virtual survey was administered to 410 volunteer students belonging to a public university in southern Chile. The objective was to determine the level of financial knowledge and appreciation of financial education of future professionals. The most important results demonstrate a reality in which young people said they had the habit of saving and budgeting at home and were responsible for paying their bills on time. However, only a very small number of participants claimed having a superior level of knowledge regarding financial literacy. The main challenge for universities is to include this topic in the elective curriculum of all degree programs to promote financial criterion development that contributes to the comprehensive training and professional competencies of future graduates.

National culture dimensions as predictors of innovation, creativity, and entrepreneurship

The purposes of this study were twofold. The first was to encourage other investigators to examine more closely three indices related to economic growth, specifically innovation, entrepreneurship, and creativity. The second was to encourage further investigation of Hofstede’s national culture as explanatory variables. This investigation addressed this research gap by examining the relationships among indices of nations’ creativity, entrepreneurship, and innovation, and their relationships with Hofstede’s (2015) national culture dimensions. No previous research was identified which examined countries’ creativity, entrepreneurship, and innovation in the same study. The relationships among four measures associated with economic development—the Global Innovation Index (GII), the Global Entrepreneurship Index (GEI), the Global Creativity Index (GCI), and Bloomberg 50 most innovative countries (B50) were studied. Two rarely investigated indices (B50 and GCI) were included in this research. Results indicated that all four indices were highly correlated. The factor structure of Hofstede’s six cultural dimensions was reduced to three major factors: heteronomy-autonomy, gratification, and competition-altruism. Using multiple regression analysis, heteronomy-autonomy and gratification predicted GII. Gratification predicted the remaining three criteria. This study addressed this research gap of criterion development by examining the relationships among these variables, their relationships with national culture, and their predictability from different national culture dimensions. Practical implications of these findings for decision-makers and policymakers who want to increase their country’s economic growth through the support of creativity, innovation, and entrepreneurship were discussed.

Applications of the Hill 1948 Yield Criterion Development, Performance Evaluation and Comparison for Describing the Behaviour of Different CRCA Grades

The sheet metal forming processes in several industries like automobile and aerospace suppose the yielding of the sheet metals once strained. Yielding is categorized by the plastic flow of the materials once strained. The yield purpose just in case of uniaxial tension may be simply determined from the stress strain graph, however just in case of multi axial stresses it gets complicated. A relationship among the principal stresses is required requiring the circumstances underneath that plastic flow happens. This complexity is addressed by the anisotropic yield functions. Also, the investigation to get yield loci could also be expensive and time taking. In such case these yield functions prove to be very effective. The yield criteria also facilitate in decisive planar distribution of yield stresses and anisotropic coefficients which gives a decent estimate of these mechanical parameters while not having to through the pain of experimental determination. This study aims at using Hill 1948 criterion to get the Yield Surface Diagrams for three different grades of CRCA Sheets such as ordinary (o), Deep Drawing (DD) and Extra Deep Drawing (EDD) to get the planar distribution of the uniaxial yield stress and anisotropic coefficient. Also, the performance analysis of different grades the distributions are done using accuracy index.