title: Oil prices and Stock Market anomalies

authors: Cheema, Muhammad A.

subjects: oil prices

abstract: This paper examines the relationship between oil prices and stock market anomalies  in China, the largest oil importer country in the world. Prior literature documents both a positive and negative relationship between oil prices and the stock market. The explanation of a positive relationship is supported by the argument that rising oil prices are interpreted as a positive signal by investors. Consequently, rising oil prices lead stock prices above their fundamental values and that they subsequently correct. Therefore, we hypothesise that stock market anomalies are stronger following rising oil prices since returns associated with anomalies reflect mispricing. The results, consistent with the hypothesis, show stronger return predictability for individual anomalies following an increase in oil prices than for a decrease in oil prices. The results are even stronger once we construct a mispricing score based on composite mispricing of all the anomalies.

text: Oil prices and Stock Market anomalies This paper examines the relationship between oil prices and stock market anomalies  in China, the largest oil importer country in the world. Prior literature documents both a positive and negative relationship between oil prices and the stock market. The explanation of a positive relationship is supported by the argument that rising oil prices are interpreted as a positive signal by investors. Consequently, rising oil prices lead stock prices above their fundamental values and that they subsequently correct. Therefore, we hypothesise that stock market anomalies are stronger following rising oil prices since returns associated with anomalies reflect mispricing. The results, consistent with the hypothesis, show stronger return predictability for individual anomalies following an increase in oil prices than for a decrease in oil prices. The results are even stronger once we construct a mispricing score based on composite mispricing of all the anomalies.

year: 2018

title: Industry training organisations in changing times: New research possibilities

authors: Cochrane, William

subjects: Industry Training Organisations

abstract: The tertiary education reforms have placed considerable pressure on Industry Training Organisations (ITOs), which are now required to assume “new roles as strategic leaders in skills and training needs for the industries under their coverage” (Ministry of Education 2003a:21). This paper argues that the Statement of Tertiary Education Priorities (STEP) requirement can lead to productive relationships between ITOs and established research organisations. It considers the new context within which ITOs now operate and offers an illustrative case study of the sort of research that can result from collaborative relationships. Specifically, it reports on research commissioned by the New Zealand Industry Training Organisation (NZITO), which covers dairy manufacturing, meat processing, and leather processing, as part of its strategic planning. The research reported includes: an analysis of the industries covered by the NZITO and their economic significance; the impact of an ageing workforce and other demographic on the labour market and its implications for NZITO industries; the impact of technological change on the labour market; and some of the consequences of the continuing integration of the global economy.

text: Industry training organisations in changing times: New research possibilities The tertiary education reforms have placed considerable pressure on Industry Training Organisations (ITOs), which are now required to assume “new roles as strategic leaders in skills and training needs for the industries under their coverage” (Ministry of Education 2003a:21). This paper argues that the Statement of Tertiary Education Priorities (STEP) requirement can lead to productive relationships between ITOs and established research organisations. It considers the new context within which ITOs now operate and offers an illustrative case study of the sort of research that can result from collaborative relationships. Specifically, it reports on research commissioned by the New Zealand Industry Training Organisation (NZITO), which covers dairy manufacturing, meat processing, and leather processing, as part of its strategic planning. The research reported includes: an analysis of the industries covered by the NZITO and their economic significance; the impact of an ageing workforce and other demographic on the labour market and its implications for NZITO industries; the impact of technological change on the labour market; and some of the consequences of the continuing integration of the global economy.

year: 2007

title: Rangatiratanga - Kawanatanga: Dealing with rhetoric

authors: Nikora, Linda Waimarie

abstract: Numbered among the few Maori appointed to an academic position during the late 1980s, I have seen our discipline and profession, in all its awkward self-consciousness, make genuine attempts to grapple the respond to questions and challenges delivered by Maori and Pakeha alike.  For example, Where is the Maori content in courses?  Why aren’t Maori graduating from professional training programmes?  Why are there not more Maori academics? Where is the place/space for Maori as practitioners, academics, researchers and decision-makers?  Why does it seem that Maori are always on the ‘client’ side of the professional/client equation?  Where are the Maori men?  In responding to these persistent challenges the professional and discipline in Aotearoa/New Zealand has been irreversibly changed, in my opinion.  The change has not been dramatic (psychology is somewhat averse to self-promotion) but, of those changes that have occurred, a definite contribution has been made to advancing Maori development, to building a more bicultural discipline and practice, and to supporting the strength of the Kawanatanga and Rangatiratanga dynamic whose importance I emphasize here.

text: Rangatiratanga - Kawanatanga: Dealing with rhetoric Numbered among the few Maori appointed to an academic position during the late 1980s, I have seen our discipline and profession, in all its awkward self-consciousness, make genuine attempts to grapple the respond to questions and challenges delivered by Maori and Pakeha alike.  For example, Where is the Maori content in courses?  Why aren’t Maori graduating from professional training programmes?  Why are there not more Maori academics? Where is the place/space for Maori as practitioners, academics, researchers and decision-makers?  Why does it seem that Maori are always on the ‘client’ side of the professional/client equation?  Where are the Maori men?  In responding to these persistent challenges the professional and discipline in Aotearoa/New Zealand has been irreversibly changed, in my opinion.  The change has not been dramatic (psychology is somewhat averse to self-promotion) but, of those changes that have occurred, a definite contribution has been made to advancing Maori development, to building a more bicultural discipline and practice, and to supporting the strength of the Kawanatanga and Rangatiratanga dynamic whose importance I emphasize here.

year: 2001