bluuebunny/crossref_metadata_2025_split huggingface dataset:
Market Timing and Stock Selection Ability of Mutual Funds in India: An Empirical Investigation
Authors: Deb Soumya Guha , Banerjee Ashok , Chakrabarti B B 
Published: June 2019

Evaluation of performance of mutual funds and identification of successful fund managers are of great interest to both investors and academicians. Two possible methods that are presumed to be used by fund managers for generating superior performance are identified as: Market timing: Market timing skills imply assessing correctly the direction of the market, whether bull or bear, and positioning their portfolios accordingly. Stock selection: Stock selection skills involve micro forecasting, which generally forecasts price movements of individual stocks relative to stocks and identification of individual stocks that are under-or over-valued relative to equities in general. The two pioneering works in this field is by Treynor Mazuy( 1966) and Henriksson Merton ( 1981). They developed two different models for testing the market timing and stock selection abilities of the fund managers but found little evidence of timing by the fund managers in their samples. Most of the other works mentioned in the paper have used these two models (which we name as traditional/unconditional models) or slight variations of the same for testing market timing and stock selection abilities of the fund managers. Person and Scadt (1996) modified the classical performance measures (of timing and stock selection ability) to take account of well-known information variables like interest rate, market dividend yield, etc. They termed it as ‘conditional approach’ of measuring mutual fund performance and claimed that conditioning on public information controls for biases in traditional market timing and stock selection models. Traditional models have taken the view that ‘any information’ correlated with the future market returns is superior information; in other words, they are unconditional models. Person and Scadt's approach used basically the same simplifying assumptions as the traditional models but they assumed, in addition, semi-strong form of market efficiency. The idea was to distinguish between market timing based on public information from market timing information that is superior to the lagged publicly available information variables. Although the academic literature on stock selection and market timing ability of mutual fund managers is rich and spans several decades, not many studies exist on this issue using emerging market data. This paper attempts to find the stock selection and market timing abilities of the Indian mutual fund managers using unconditional as well as conditional approaches. With a sample of 96 Indian mutual fund schemes, a lack of market timing ability and presence of stock selection ability were observed among the Indian funds managers in both unconditional as well as conditional approaches. A pooled regression was carried out for various categories of funds as well as for the entire sample, which also showed a lack of market timing abilities and presence of stock selection abilities.
Hedonism and Culture: Impact on Shopping Behaviour A Research Agenda
Authors: Kaul Subhashini 
Published: June 2019

Increasingly consumer shopping behaviour is being seen from the holistic perspective of the entire shopping experience. The holistic view requires a retailer to focus on the shopper experience with the store. Thus the retailer focus is not on the store itself but what the store means to the shoppers. This implies that a retailer needs to understand the ‘way in which’ different shoppers perceive the same store. This paper refers to three key dimensions that influence the ‘way in which’ consumers look at a retail store: Shopping environment Socio-cultural context Individual roles, motivations, and behaviour. These dimensions take into account not just the differences between shoppers in terms of their individual motivations, but also try to model the variations caused in shoppers due to cultural influences. One key theme of this paper is the variation caused in the perceived hedonic value of shoppers. Hedonic value refers to the ‘sense of pleasure’ associated with shopping. In the Indian context especially, several retailers have referred to cultural differences and the resultant differences in shopper hedonic orientations. However, there are a few existing frameworks available that enable assessing the association between hedonism and culture in the Indian shopping behavioural context. This paper provides a theoretical framework and a robust research agenda that will help researchers and retailers alike address this need.
Entrepreneurial Process: A Personalistic-Cognitive Platform Model
Authors: Mathews Jose 
Published: June 2019

Entrepreneurship theories and research deal with a variety of behavioural and non-behavioural processes and issues that explain the nature of entrepreneurship in different ways. The advances made in entrepreneurship research now centre on entrepreneurial cognitions, entrepreneurial personality, and motivation even though the other areas of research are not without significance, considering the importance of the field. The personalistic-cognitive platform model proposed accounts for the composite dynamics of the entrepreneurial behaviour that focus on the behavioural dynamics of the entrepreneur. The superimposition of the behavioural processes on the economic/social attributes of the environment gives rise to a platform of personality and cognition that overarches itself to the generalization, prediction, and dynamics of entrepreneurship. The platform is constructed based on the �bricks and mortars� of entrepreneurial syndrome, entrepreneurial motivational dynamics, environmental scanning, decisional processes, and cognitive mediation circumscribed in the entrepreneurial mental model. Entrepreneurial syndrome is formed by the cluster of an array of entrepreneurial traits of venture significance. The syndrome gets manifested as a stable dynamic formation of personality that seeks new ventures and produces goods and services of economic value. Entrepreneurial motivational dynamics unravels the nature of entrepreneurial drive that has push and pull forces that direct the person to different economic realms. The performance motivation of the person is characterized by goal setting, expectancy, and selfefficacy motivation. Together they explain the motivational dynamics of entrepreneurial behaviour that aims to derive something of lasting value. Scanning the environment enables the entrepreneur to distill the trends and the significant attributes that will lay the base of his entire business ventures. The scanned attributes are transformed in the person. As the decisional activity involves the identification of a specific alternative, the complexity that surrounds the selection of an alternative has special place in the entrepreneurial context. In the highly uncertain and novel situation, an entrepreneur is to take causal or effectual decisions. The cognitive mediational activity exemplified in the entrepreneur�s mental model transforms the environmental complexity into useable forms of entrepreneurial outcomes. The cognitive strategies of differing natures help the entrepreneur in bringing about entrepreneurial ventures that are ultimately the products of entrepreneurial cognitions and related personal variables.
Validating Service Convenience Scale and Profiling Customers: A Study in the Indian Retail Context
Authors: Aagja Jayesh P , Mammen Toby , Saraswat Amit 
Published: June 2019

Customer retention has become very important in the heightened competitive environment unleashed in India, post liberalization. Recently, some researchers have made attempts to evolve and link the service convenience construct to customer satisfaction and repeat purchase from a service organization. Service convenience — a multidimensional construct with five dimensions, involves aspects beyond locational nearness or convenient operating hours. The present study aims at validating the service convenience (ServCon) scale originally developed in the West, in the Indian organized food and grocery retail context, and develop linkage between service convenience on one side, and satisfaction/behavioural intentions on the other. Convenience samples, comprising of respondents from SEC A and SEC B with experience of shopping from organized retail food and grocery outlets, were drawn from various parts of Ahmedabad city. Through the scale validation process, five dimensions emerged, as in the original 17 items ServCon scale, though with 15 items (Seiders et al, 2007). Scale validity was evaluated using correlation and confirmatory factor analysis while neural networks were used for nomological model testing. Subsequently, using cluster analysis, an attempt was made to segment respondents based on their service convenience scores which resulted in four customer segments being identified: Aspirers Fatalists Balance-oriented Pre-purchase convenience seekers. Statistically insignificant differences were observed amongst these clusters based on demographics. In the Indian context, it is found that access, benefit, and decision convenience dimensions have more importance whereas dimensions like transaction and post-benefit convenience are less relevant. Hence, retail mall managers should focus on providing better access, benefit, and decision convenience rather than transaction and post-benefit convenience. In the same vein, shopping enjoyment appears to be having a major effect on service convenience as compared to customer involvement in product category implying that shoppers experiencing higher levels of shopping enjoyment should be accorded more importance by mall managers. On the other hand, it is found that higher the perceived service convenience level, the greater the impact on shopper�s behavioural intentions as compared to satisfaction. This implies that organized retail mall managers should focus on shoppers who perceive higher levels of service convenience from malls, as they are more likely to patronize such malls by way of either positive word of mouth or increasing their visit/purchase frequency.
On Classification of All-rounders of the Indian Premier League (IPL): A Bayesian Approach
Authors: Saikia Hemanta , Bhattacharjee Dibyojyoti 
Published: June 2019

An all-rounder can take an imperative role in any version of the game of cricket, whether it is a test match or any other limited-over format of the game. The study classifies the performance of all-rounders who participated in IPL based on their strike rate and economy rate. Based on the factors mentioned, the all-rounders can be divided into four non-overlapping classes, viz., Performer, Batting All-rounder, Bowling All-rounder, and Under-performer. Several predictor variables that are supposed to influence the performance of all-rounders are considered. Step-wise multinomial logistic regression (SMLR) is used to identify the significant predictors. Samples of six incumbent all-rounders who had not participated in the first three seasons of IPL are considered. The significant predictors were then used to predict the expected class of an incumbent all-rounder using naive Bayesian classification model. The relevant data were collected from the websites, www.cricinfo.org and www.cricketnirvana.com. The key points of this study are as follows: The training sample is populated with 35 all-rounders who had performed in the first three seasons of IPL. Two variables, viz., strike rate (number of runs scored per 100 balls faced) and economy rate (average number of runs scored per over against the bowler) are used to classify the all-rounders as follows: Performer: An all-rounder with strike rate above median and economy rate below median. Batting All-rounder: An all-rounder with strike rate above median and economy rate above median. Bowling All-rounder: An all-rounder with strike rate below median and economy rate below median. Under-performer: An all-rounder with strike rate below median and economy rate above median. The step-wise multinomial logistic regression (SMLR) was used to identify the significant variables that are actually responsible for classification of the all-rounders. The strike rate in ODI, strike rate in Twenty-20, economy rate in ODI, economy rate in Twenty-20 and bowling type (Spin or Fast) of the all-rounders are found to be significant in determining the class of an all-rounder. The naive Bayesian classification model is used for forecasting the expected class of allrounders based on the significant predictors for six incumbent all-rounders who had played only in fourth season of IPL. The prediction done before IPL IV was then compared with the actual situation at the end of the tournament. It is found that four predictions were performed correctly out of the six. This model would be useful for the participating teams' management while deciding the bid of an all-rounder in the upcoming season of IPL as per their requirement.
The Credit Rating Agencies — Are They Reliable? A Study of Sovereign Ratings
Authors: Iyengar Shreekant 
Published: June 2019

Sovereign credit ratings estimate the future ability and willingness of the sovereign governments to service their commercial and financial obligations in full and on time. The process of evaluating the nations and assigning ratings is a business involving various international rating agencies. Governments seek the credit ratings so as to improve their access to the international capital markets. The sovereign credit ratings are an important scale for determining the cost of borrowing to a country. The ratings provide a perception to the lenders about the level of credit risk of the national governments. However, the reliability of the ratings has been a matter of debate in the past due to the methodology followed by the rating agencies. The present paper attempts to check the reliability of these ratings by considering the ratings assigned by two of the major international rating agencies — Moody's and Standard and Poor's. This is done through comparison of the ratings assigned by them and checking whether the difference is significant and responsive for the countries rated by both. A regression analysis of the ratings and some of the commonly used indicators by the two agencies to determine the ratings is also done. The results indicate an increase in the average rating difference of the two agencies over time and that the difference in the ratings assigned by the two agencies is statistically significant. Moreover, these agencies are also found to be non-responsive to each other's ratings. This raises reasonable doubts on the consistency of these ratings as the methodology followed by these agencies involves several common determinants. The regression of the ratings over the determinants indicate that the ratings of these two agencies have more or less the common determinants except the ‘external balances’ indicator exclusively determining the S&P ratings. Considering the fact that the ratings provided by these two agencies are significantly different from each other, the differences in the ratings could be explained by the differences in the weights attached to the determinants by the two agencies. However, a test of significance for the differences in weights of the given set of indicators attached by the two agencies reveals that there is no significant difference in the weights. Thus, the differences can also be attributed to the weights attached to the subjective criteria used by these agencies in order to decide the ratings. Such criteria imply the qualitative biases built by the agencies against nations on the basis of social and political conditions and their reactions to news regarding the changes in the capital markets of a nation.
Assessing Physical Activity Behavior of Cancer Survivors by Race and Social Determinants of Health
Authors: Asare Matthew , McIntosh Scott , Culakova Eva , Alio Amina , Umstattd Meyer M. Renee , Kleckner Amber S. , Adunlin Georges , Kleckner Ian R. , Ylitalo Kelly R. , Kamen Charles S. 
Published: June 2019

Introduction Black cancer survivors remain at a higher risk for secondary cancers, cancer recurrence, and comorbid conditions than non-Hispanic White survivors. Physical activity may help improve health outcomes and overall quality of life. We assessed cancer survivors’ physical activity by race/ethnicity and the effect of social determinants of health (SDH) constructs (i.e., economic stability, education, and access to health care) on physical activity. Methods This was a cross-sectional analysis of data from the 2016 Behavioral Risk Factor Surveillance System. The outcome variable was physical activity after cancer diagnosis and the predictor variables were SDH and race. Multivariable logistic regressions were used to examine associations between race and physical activity and the effect of SDH on physical activity. Results Among 3,787 cancer survivors, 91.6% self-identified as White and 8.4% as Black. Blacks were more likely than Whites to report low economic stability, low access to health care, and low health literacy (all ps < .01). Blacks were less likely than Whites to engage in physical activity after controlling for demographic and clinical factors (adjusted odds ratio [ORAdj] = 0.71; 95% confidence interval [CI] = 0.56–0.91; p = .01) and after additional adjustment of SDH (ORAdj = 0.77; 95% CI = 0.60–0.99; p = .04). Conclusions The findings suggest that though Black cancer survivors are less than White to engage in physical activity, and SDH partially explained the racial difference in physical activity behaviors. These findings highlight the need to address barriers to health-care access, economic stability, and educational attainment.
Assessing the Role of Governance in West African Fiscal Performance
Authors: Fagbemi Fisayo 
Published: June 2019

The article analyzes the short-run and long-run dynamic relationship between the quality of institutions and fiscal performance in 12 West African countries over the period of 1984 to 2016 using Pooled Mean Group and Mean Group estimator. The results show that, in the long run as well as in the short run, improved governance appears to lead to decreasing deficits. In comparison with other measures, in the long run, democratic accountability dimension seems to have the most significant effect on West African fiscal performance. However, the empirical evidence further reveals that, in the short run, the institutional dimensions are found to be insignificant in explaining West African fiscal performance. Hence, given that increased public debt could harm the quality of sustainable fiscal measures, the study suggests that creating incentives for the building of sound institutions and securing enabling governance would enhance fiscal prudence and sustainability in West Africa. JEL Classifications: G, H
Investigation of Direct-Acting Oral Anticoagulants and the Incidence of Venous Thromboembolism in Patients Weighing ≥120 kg Compared to Patients Weighing <120 kg
Authors: Aloi Kristin G. , Fierro Joseph J. , Stein Bradley J. , Lynch Sullivan M. , Shapiro Robert J. 
Published: June 2019

Background: Direct oral anticoagulants (DOACs) present a favorable alternative to warfarin based on the decreased burden of monitoring and fewer drug and food interactions. Although studied in the general population, limited clinical data justifying efficacy in patients weighing ≥120 kg present concern for using DOACs in this specific population. Objective: The purpose was to identify if a difference exists in incidence of recurrent thromboembolic events in patients receiving a DOAC for the indication of venous thromboembolism (VTE) weighing ≥120 kg compared to patients weighing <120 kg. Methods: A retrospective database analysis was conducted with patients on apixaban, dabigatran, or rivaroxaban for treatment of VTE from the Veterans Integrated Service Network 8 between January 2012 and June 2017. The primary outcome was incidence of recurrent VTEs while on anticoagulation. Fisher’s exact tests were used to evaluate difference in VTEs between the groups. Results: There were 133 patients weighing ≥120 kg and 1063 patients weighing <120 kg identified within the 5-year time frame that met inclusion criteria. Although no statistically significant difference was found in incidence of recurrent VTEs between study groups (0.8% vs 1.1%; odds ratio: 0.66; 95% confidence interval: 0.09-5.14; P = .69) few events occurred limiting the power to be able to detect a difference. Conclusion: This study found no difference in VTE recurrence in patients weighing ≥120 kg compared to patients <120 kg with few events in either group. Although promising, additional studies are needed to confirm these findings.
Documenting psychiatric risk: more than ticking boxes
Authors: Ng Lillian , Zeng Irene , Kalinowski Coni , Watson Peter 
Published: June 2019

Objective: The purpose of this study was to audit the completion of risk assessment documentation by staff working within an acute adult mental health setting. Method: Fifty risk assessment forms in a district health board’s acute adult mental health service were audited for completion. Clinicians provided verbal feedback on the audit results. Results: Risk assessment forms were completed in 58.3% of cases. A risk formulation statement was completed in 43.8% of cases. Rates of completion varied between senior medical officers, registrars and nurses. Conclusion: Accurate risk formulation and safety planning are more important than ensuring all boxes are ticked on a form. Optimising the design of electronic forms may enhance access to information about historical risk.
The vacant chair: headless psychiatry departments in the Group of Eight universities of Australia
Authors: Looi Jeffrey CL , Velakoulis Dennis 
Published: June 2019

Objective: This paper considers reasons that may be contributing to the unusual synchronicity of five vacancies for Chairs/Heads of Department of Psychiatry in the Group of Eight University Medical Schools in March 2019. Conclusion: University psychiatric departmental head vacancies arise from a number of factors: challenges and limitations in public sector psychiatry and universities; structural problems with such appointments; lack of a developmental pipeline for academic psychiatry; and other attractive alternative options, such as private practice.
Efficacy of second-line targeted agents in kras wild metastatic colorectal cancer patients who received prior targeted agent: First anti-epidermal growth factor receptor or vascular endothelial growth factor in right and left colon?
Authors: Dogan Ender , Firat Sedat T , Cosar Ramazan , Bozkurt Oktay , Inanc Mevlude , Ozkan Metin 
Published: June 2019

Introduction We aimed to investigate the impact of first biological agents on second-line biological agents in kras wild-type metastatic colon patients in right and left colon. Patients and methods The patients received anti-EGFR compared with anti-VEGF in right and left colon separately according to progression-free survival and overall survival in second line. Results A total of 84 patients were included in the study. In left colon, progression-free survival and overall survival were 9 and 14 months for anti-EGFR and 9 and 16 months for anti-VEGF in the second line. In right colon, progression-free survival and overall survival were 5 and 9 months for anti-EGFR and 4 and 6 months for anti-VEGF in the second line. Conclusions Progression-free survival was higher in patients who received bevacizumab first followed by anti-EGFR than reverse sequencing in right colon. Overall survival was similar between two groups.