bluuebunny/crossref_metadata_2025_split huggingface dataset:
Portfolio revision and optimal diversification strategy choices
Authors: Mroua Mourad , Abid Fathi 
Published: August 2014

Purpose
– Since equity markets have a dynamic nature, the purpose of this paper is to investigate the performance of a revision procedure for domestic and international portfolios, and provides an empirical selection strategy for optimal diversification from an American investor's point of view. This paper considers the impact of estimation errors on the optimization processes in financial portfolios.

Design/methodology/approach
– This paper introduces the concept of portfolio resampling using Monte Carlo method. Statistical inferences methodology is applied to construct the sample acceptance regions and confidence regions for the resampled portfolios needing revision. Tracking error variance minimization (TEVM) problem is used to define the tracking error efficient frontiers (TEEF) referring to Roll (1992). This paper employs a computation method of the periodical after revision return performance level of the dynamic diversification strategies considering the transaction cost.

Findings
– The main finding is that the global portfolio diversification benefits exist for the domestic investors, in both the mean-variance and tracking error analysis. Through TEEF, the dynamic analysis indicates that domestic dynamic diversification outperforms international major and emerging diversification strategies. Portfolio revision appears to be of no systematic benefit. Depending on the revision of the weights of the assets in the portfolio and the transaction costs, the revision policy can negatively affect the performance of an investment strategy. Considering the transaction costs of portfolios revision, the results of the return performance computation suggest the dominance of the global and the international emerging markets diversification over all other strategies. Finally, an assessment between the return and the cost of the portfolios revision strategy is necessary.

Originality/value
– The innovation of this paper is to introduce a new concept of the dynamic portfolio management by considering the transaction costs. This paper investigates the performance of a revision procedure for domestic and international portfolios and provides an empirical selection strategy for optimal diversification. The originality of the idea consists on the application of a new statistical inferences methodology to define portfolios needing revision and the use of the TEVM algorithm to define the tracking error dynamic efficient frontiers.
Determinants and market implications of differentiated dividends in Korea
Authors: Bae Choi Bo , Kang Jangkoo , Lee Doowon 
Published: August 2014

Purpose– The purpose of this paper is to explore unequal dividend payment policies called differentiated dividends (DDs) in Korea. The characteristics of firms are examined which allocate higher dividends to small shareholders than large shareholders within the same share class.Design/methodology/approach– Logit analysis is used to compare firms that initiate DDs with those that pay conventional equal dividends. The abnormal market reaction to news of initiation of DDs is also examined.Findings– Managers of firms facing cash insufficiency are more likely to initiate DDs. The DD scheme is used as a method to cater to high dividend demands in the market. The stock price reaction to the initiation of DDs is positive when the total dividend payments are increased, signifying that the market interprets it as good news.Practical implications– Firms facing cash insufficiency can avoid an increase in the cost of capital by retaining extra cash from DDs rather than borrowing external funds. Additionally, managers can foster favorable market reactions by using DDs which helps firms in attracting new capital investments. Finally, regulatory bodies can consider encouraging managers to adopt unequal dividend schemes to allow higher dividend payments to small shareholders, especially in countries with weak legal protection for minority shareholders.Originality/value– Similar unequal dividend policies exist in European countries but there is a lack of research conducted on those policies. The paper provides implications for the strategic use of unequal dividends to maximize firm value.
The relationship between ownership structure, capital structure and corporate governance practices
Authors: Reddy Krishna , Locke Stuart 
Published: August 2014

Purpose– The purpose of this paper is to investigate the nature of corporate governance practised by co-operatives and mutual societies in New Zealand and whether there is any relationship between co-operatives’ ownership structure, capital structure and agency costs. The study also explores whether the capital structure and the ownership structure changed during the period 2005-2011.Design/methodology/approach– Panel data for the period 2005-2011 are analysed using ordinary least squares regression and the Tobit model regression. The authors have used operating expense to sales, asset utilisation and ROA as the dependent variables.Findings– The findings indicate that an increase in independent directors, board member experience and size (measured by total annual sales) reduces agency costs in co-operatives and mutuals in New Zealand. Also, borrowing from members rather than banks reduces agency cost and increases profitability in co-operatives and mutuals.Research limitations/implications– Caution should be exercised when generalising the findings of the study as it is restricted to New Zealand environment and the sample size used is relatively small.Practical implications– This study offers insights for policy makers internationally who are interested in adopting similar corporate governance practices in their own countries. Within New Zealand, the corporate governance debate associated with co-operatives and mutual societies will be better informed as a direct consequence of this research.Originality/value– This is the first study that extends the research undertaken by Anget al.(2000) and Singh and Davidson (2003) to the cooperative and mutual business model in New Zealand.
Synthesis of a long chain alkylbiphenyl base stock and study on the lubricating properties
Authors: Wang Tinggui , Cai Guoxing , Zhang Letao , Ma Li , Yu Erlei , Eli Wumanjiang 
Published: August 2014

Purpose
– The Friedel-Crafts alkylation of biphenyl with 1-octene was completed using methanesulfonic acid (MSA) as catalyst.

Design/methodology/approach
– Single factor experiments were carried out to investigate the influence of the molar ratio of biphenyl to 1-octene, the amount of MSA, reaction temperature and reaction time on the olefins conversion and the yield of product to obtain the optimal reaction conditions. Under the optimum conditions, a lubricating base stock was synthesized, and its physical, chemical and electrical properties were determined.

Findings
– The experimental results showed that after a 5 h reaction time at 353 K, the olefins conversion of 94.9 per cent and the yield of product of 69.3 per cent were obtained with a molar ratio of biphenyl to 1-octene of 1.2 and a molar ratio of MSA to 1-octene of 1. Under the optimum conditions, a lubricating base stock was synthesized, and its physical, chemical and electrical properties were determined. The results suggested that the synthetic base stock could be used as refrigeration oil.

Originality/value
– In this manuscript, biphenyl was alkylated with 1-octene using MSA as the catalyst and 2.6-di-t-butylphenol as polymerization inhibitor. Compared with traditional catalysts, it has so many advantages as low tendency to oxidize organic compounds, low toxicity and less corrosion. In addition, it can be readily separated from the reaction mixture and can be reused. Moreover, MSA is an environmentally friendly material.
The role of product and brand emotion in purchase behavior, a study in Iranian home appliance context
Authors: Rahmanian Koshkaki Emad 
Published: August 2014

Purpose
– This paper aims to explore the role and influence of product emotion and brand emotion on consumer purchase behavior in the Iranian market and consumption context. As products are almost homogenized, it is assumed that product emotion and brand emotion can elicit emotions in consumer purchase behavior, which results in experiences or a different kind of purchase behavior outcome. Also, this study aims to investigate how consumers emotionally relate to brand and products and how this relation affects their purchase behavior.

Design/methodology/approach
– This study is a field descriptive, applied research which uses structural equation modeling. Paper-pencil self-report questionnaire was used to gather required data. Pilot tests were conducted on 40 respondents, and the results were used for checking validity and reliability of the questionnaire. In the second phase, 400 questionnaires were subjected to respondents. Exploratory factor analyses were used to investigate the data and the correlation between constructs.

Findings
– The results were in line with previous research works and fulfilled the goals of current study. The estimation and fit indices meet or even exceed the criteria and the measurement model fits the data well. Using structural equation modeling, correlations were found significant. Brand emotion and product emotion both influence consumer purchase behavior significantly, through four constructs of purchase behavior.

Research limitations/implications
– Due to the research approach, data gathering tool and sampling process, the generalizability of this research is limited or may be market or product oriented; the results of this research must be interpreted within its limitation and scope.

Originality/value
– This study shows that in the Iranian market and consumption context, product emotion and brand emotion are correlated and directly and indirectly elicit emotions in consumer’s behavior. Also this study helps to understands how Iranian consumers perceive brands and products emotionally and how they evaluate alternatives based on their emotion.
Musical intelligence: explication, measurement, and implications for consumer behavior
Authors: Krishnan Vijaykumar , A. Machleit Karen , J. Kellaris James , Y. Sullivan Ursula , W. Aurand Timothy 
Published: August 2014

Purpose
– The purpose of the paper is to develop and test a psychometrically valid scale for musical intelligence as an individuating variable. This scale can elicit individual differences on reactions to sonic branding stimuli such as audio logos, radio jingles and commercial music.

Design/methodology/approach
– A two-step confirmatory factor analysis followed by structural equation modeling was used to develop and test the scale. Data were collected across three studies consisting of 470 participants. The scale was developed and nomologically validated.

Findings
– Findings suggest that musical intelligence discriminates reactions to music as evidenced by the three component conceptualization of musical intelligence.

Originality/value
– This study offers an original, three-component conceptualization of musical intelligence, proposes a measurement scale and then presents evidence of construct validity. Finally, the paper discusses potential applications of the scale in personality research.
Collaborative working in South African construction: contractors’ perspectives
Authors: Emuze F. , Julian Smallwood John 
Published: August 2014

Purpose– The purpose of this paper is to assess the level of collaborative working among project partners in South African construction. The construction industry is made up of a plethora of entities trading as consultants, contractors, subcontractors, suppliers and manufacturers. The effort and contributions of these entities with the input of clients result in completed projects. However, the performance of the industry has continued to generate more negative, rather than positive, headlines. Typical headlines include defects, rework, delays, injuries and accidents, all of which are mostly blamed on the endemic fragmented nature of the industry.Design/methodology/approach– The assessment was undertaken through a quantitative survey conducted among general contractor (GC) members of the Master Builders South Africa.Findings– Selected findings relative to the research include short-term objectives and price-oriented approach are prevalent in the industry; poor problem-solving mechanisms exist between project partners; poor use of modularisation; significant numbers of irregular clients and rigid adherence to contents of contract data.Research limitations/implication– The research findings provide an insight rather than definitive information due to the limited response rate of the survey.Originality/value– The paper concludes that contractors should embrace collaborative procurement methods to improve performance and promote innovation in the industry.Recommendations include the availability of a consistent work load for the supply chain members as well as the improvement of the relationship between project partners, especially between contractors and their subcontractors/suppliers.
Low cost real-time tracking system prototype using GM862 cellular quad band module
Authors: M. El-Medany Wael , Al-Omary Alauddin , Al-Hakim Riyadh , Nusaif Mustafa 
Published: August 2014

Purpose
– The purpose of this paper is to present a development to the hardware and software of a real-time tracking system that provides the position of the tracked vehicle accurately using fairly low-cost equipment and services. Vehicle tracking industries are expanding as businesses are interested to know their fleet vehicles positions minute by minute every day. Many systems were proposed recently that can provide such information.

Design/methodology/approach
– The system is implemented using GM862 cellular quad band module. A monitoring server and a graphical user interface on a Web site have also been implemented to view the current location of a vehicle on a specific map.

Findings
– The experiments were conducted and tested in different areas of the Kingdom Of Bahrain using Google maps, and results are discussed.

Originality/value
– The developed system has been compared to the available and imported tracking systems to some of the telematics companies in Bahrain, and the comparison has been discussed.
Shadow banking in China: expanding scale, evolving structure
Authors: Li Tong 
Published: August 2014

Purpose
– This paper aims to survey available data sources and put China’s shadow banking system in perspective. Although bank loans still account for the majority of credit provided to China’s real economy, other channels of credit extension are growing rapidly. The fast expansion of shadow banking has spurred wide concerns regarding credit quality and financial stability.

Design/methodology/approach
– This paper explores various data sources, provides an overview of shadow banking activities in China, discusses their close ties with banks and summarizes regulatory issues. Extensive descriptive data are included to provide a comprehensive picture of the nature of shadow banking activities in China. In particular, institutions and products are discussed in great details.

Findings
– While China’s shadow banking system is by no means simple, it does not (yet) involve the extensive use of financial derivatives. Rather, shadow banking credit is often directly extended to the real economy. In addition, shadow banks are typically interconnected with commercial banks in various ways. The expanding scale and constantly evolving structure of the shadow banking system has posed challenges for financial regulators.

Originality/value
– This paper attempts to quantify the scale and scope of China’s shadow banking activities and provides a consistent framework as the basis for cross-country comparison of shadow banking systems. This is one of the first scholarly research products that discusses the origin, nature and risks of China’s shadow banking system in a regulatory context.
Marketing an established institutional repository: Marquette Libraries’ research stewardship survey
Authors: Fortier Rose , Laws Emily 
Published: August 2014

Purpose
– The purpose of this paper is to discuss the results of Marquette University Libraries’ survey measuring faculty knowledge and attitudes about the institution’s repository, for the purposes of creating a marketing plan for the institutional repository (IR).

Design/methodology/approach
– The paper adopts a quantitative approach through the use of a survey.

Findings
– Like many other endeavors to measure faculty engagement with the IR, the investigators discovered that faculty knowledge of the IR is not universal. Moreover, the perceived values and motivators for faculty use of the IR were also not surprising, with faculty viewing online dissemination of their work to be the most valuable feature offered by the IR, and furthering their own careers was the prime motivator. The importance of continual and varied methods of marketing is reaffirmed.

Originality/value
– Whereas many articles on faculty recruitment for IRs agree on the importance of marketing, very few suggest specific strategies. The investigators make suggestions for continual and varied marketing methods based on their findings.
Emotional intelligence in a stupid world
Authors: Klare Diane , Behney Melissa , Kenney Barbara Ferrer 
Published: August 2014

Purpose
– The purpose of this article is to review the five emotional intelligence (EI) competencies as originally outlined by Daniel Goleman but within the context of academic libraries. EI skills can be more important to have than intellectual ability in creating effective organizations. Academic librarians, particularly those in leadership positions, need to be mindful of EI competencies to avoid miscommunication when working with colleagues. Used skillfully, EI has the ability to build more cohesive and stronger collaborations inside and outside the library. EI is just as important for early career librarians as it is for those in senior management positions.

Design/methodology/approach
– This article reviews the five EI competencies as originally outlined by Daniel Goleman but within the context of academic libraries. It focuses on empathy to demonstrate how its application in libraries can facilitate teamwork, engender better cooperation and strengthen an organization’s culture.

Findings
– Most library literature focuses on EI skills as related to senior-level positions. There is a need for researchers to explore the understanding of EI skills throughout the entire library structure, including how to screen for EI during the hiring process and develop EI skills among existing staff.

Practical implications
– Librarians will learn how hiring for EI competencies at all levels will benefit the work environment within academic libraries, as well as how to develop and improve their own EI skills using complementary techniques.

Originality/value
– Readers will increase their awareness of how EI can benefit them and their colleagues regardless of whether they have structural (formal) or informal leadership roles in academic libraries, as well as how it leads to professional and personal growth.
How do you eat an elephant? A summary of the SharePoint Evolution Conference in Manchester, UK
Authors: Harper Ray 
Published: August 2014

Purpose
– The purpose of this article is to summarize five presentations at the SharePoint Evolution Conference, held in Manchester, UK (16 June 2014). This was day 6 of a 12-day road-show across UK cities, and the four key themes included were technical, end user, business and product integration.

Design/methodology/approach
– This article reports from the viewpoint of a first-time attendee of the conference. This summarizes the main issues raised by each presentation, and draws out the key learning points for practical situations.

Findings
– The conference covered major SharePoint issues, like how to build a knowledge-sharing culture, how to manage a major IT project and the new functionality offered by SharePoint 2013. The sessions included demonstrations of new functionality, discussions of intangible aspects like culture and reflections on IT upgrades and projects.

Originality/value
– This conference emphasized the importance of involving businesses in key decisions regarding SharePoint implementation and change. While SharePoint 2013 offers many new technical opportunities for librarians and information professionals, business involvement is critical to ensuring the success of knowledge-sharing cultures.
The mapping, selecting and opening of data
Authors: Esteve Casellas Serra Lluís 
Published: August 2014

Purpose
– This paper aims to share the contribution of records managers to the Open Government in the City Council of Girona (Catalonia), based on the strategy of participation in the Open Data project.

Design/methodology/approach
– The contribution of the Records Management Department is to facilitate locating data sets and to be responsible for the data selection processes. Records Management allows a first global identification of the functions, activities and producers, using the Records Classification Scheme and the General Register of Case Files. In addition, it can obtain a greater detail of information using the Application Catalogue and the Register of Personal Data Files.

Findings
– Records Management can contribute to data selection in the Open Data projects by the appraisal of data, also taking into consideration functions and records of the organization. At the same time, Open Data projects could reinforce the strategies of records preservation in databases, because the same extraction processes could be shared. In addition, Open Data projects could mean an opportunity for Historical Archives if they take charge of the maintenance of the Open Data Archive. This could be relevant in the future for the transformation of data from information systems into documentary heritage.

Research limitations/implications
– The opening of the city’s Open Government portal is scheduled for the beginning of 2014. Thus, it is necessary to consider this work as a work in progress.

Originality/value
– This work is a specific case study of the contribution of Records Management to the Open Data projects; its proposals and reflections have been made from a very practical point of view.