Search results for "Econometric"
showing 10 items of 3780 documents
Motivations, engagement and adoption of e-WOM in restaurants.
2022
Resumen El objetivo del presente trabajo fue estudiar el efecto que tienen las motivaciones para consultar y escribir e-WOM sobre el compromiso con el e-WOM y la influencia de dicho compromiso en la adopción del e-WOM consultado. Para analizar estas relaciones, se realizó una investigación empírica aplicada en el contexto de los restaurantes. El ámbito geográfico fue Ecuador, con una muestra de 461 consumidores. Se utilizó un modelo de ecuaciones estructurales y se validó la cadena de relaciones. Los resultados confirmaron las relaciones entre estas variables; además, se presentaron implicaciones académicas interesantes para profundizar en el estudio sobre el compromiso con el e-WOM, así co…
¿Cómo afecta la innovación en la satisfacción y la lealtad hacia el establecimiento minorista?
2021
Resumen En el presente estudio, se examinó el concepto de innovación en el sector minorista y se definieron sus relaciones con otras variables, como la satisfacción y la lealtad, tradicionalmente vinculadas con el establecimiento minorista. Para lograr los objetivos planteados, se delimitó un modelo teórico sustentado en la literatura, que se contrastó mediante un estudio empírico utilizando un cuestionario estructurado ad hoc aplicado a una muestra de 510 clientes de establecimientos de alimentación. El análisis de los datos se desarrolló mediante la técnica de regresión por mínimos cuadrados parciales. Los resultados permiten proponer un conjunto de recomendaciones para la gestión, fundam…
Happy and proactive ?:The role of hedonic and eudaimonic well-being in business owners’ personal initiative
2012
This two-year study with 122 business owners examined the link between affective well-being and task-oriented as well as relationship-oriented personal initiative (PI). We tested two complementary models explaining the link between well-being and PI: (1) broaden-and-build theory and (2) self-regulation as limited resource approach. In line with current research on well-being, we differentiated between hedonic and eudaimonic well-being using life satisfaction and vigor as indicators. Hierarchical regression analyses showed that only vigor predicted both forms of PI. Our results support the self-regulation approach and indicate that eudaimonic well-being is the relevant affective well-being d…
The impact of quantitative easing on UK bank lending: Why banks do not lend to businesses?
2021
Abstract The growing proportion of UK bank lending to the financial sector reached a peak in 2007 just before the onset of the Global Financial Crisis (GFC). This marks a trend in the dwindling amount of bank lending to private sector non-financial corporations (PNFCs), which was exacerbated with the Great Recession. Many central banks aimed to revive bank lending with quantitative easing (QE) and unconventional monetary policy. We propose an agent based computational economics (ACE) model which combines the main factors in the economic environment of QE and Basel regulatory framework to analyse why UK banks do not prioritize lending to non-financial businesses. The lower bond yields caused…
Economic Support during the COVID Crisis. Quantitative Easing and Lending Support Schemes in the UK
2021
Abstract We investigate how UK bank business lending responded to the simultaneous use of quantitative easing, leverage ratio capital requirements, and government COVID lending support schemes. We find no evidence that the Brexit wave increased lending to nonfinancial businesses, compared to the previous waves, except for QE-banks subject to the UK leverage ratio, suggesting that the ratio incentivised QE-banks to lend to businesses. The government schemes helped expand lending especially to SMEs post the COVID wave, indicating that complementing QE with other credit easing programmes can reinforce its impact on lending to the real economy. During COVID-stress, changes to the UK leverage ra…
Análisis de la utilidad del algoritmo Gradient Boosting Machine (GBM) en la predicción del fracaso empresarial
2018
Este estudio, novedoso en cuanto a la utilizacion de la metodologia basada en la cultura de los algoritmos, prueba la capacidad de la tecnica ‘Gradient Boosting Machine’ (GBM) en la prediccion de l...
Adjusting the Knox test by accounting for spatio-temporal crime risk heterogeneity to analyse near-repeats
2020
The near-repeat phenomenon usually occurs with any crime. Hence, to implement preventive measures, it is of great interest to figure out at which spatio-temporal scale crimes are more likely to be repeated by offenders. The Knox test is the most used statistical tool for evaluating the presence of the near-repeat phenomenon given a dataset of crimes that are located in space and time. The classic version of this test assumes that crime risk is homogeneous in both space and time, although this assumption rarely holds in reality. Therefore, the main goal of this article is to highlight the necessity of adjusting the standard version of the Knox test, including spatial and temporal effects th…
Emotions and Digital Delivery Platforms
2021
From the global spread of the infectious disease COVID-19, in Argentina as in other states worldwide, health measures, social emergency, economic and public order measures were taken. One of the main and earliest measures of social order in the face of this disease was the delimitation of a period of population isolation, known as preventive and obligatory social isolation. The compulsory social isolation generated unprecedented growth in the demand for services to the platform economies in Argentina in general and in Buenos Aires in particular, causing the platform delivery activity to be conceived as an essential activity. The purpose of the writing is to explore the configuration of a ce…
Superiority of Optimized Portfolios to Naive Diversification: Fact or Fiction?
2017
Abstract DeMiguel, Garlappi, and Uppal (2009) conducted a highly influential study where they demonstrated that none of the optimized portfolios consistently outperformed the naive diversification. This result triggered a heated debate within the academic community on whether portfolio optimization adds value. Nowadays several studies claim to defend the value of portfolio optimization. The commonality in all these studies is that various portfolio optimization methods are implemented using the datasets generously provided by Kenneth French and the performance is measured by means of the Sharpe ratio. This paper aims to provide a cautionary note regarding the use of Kenneth French datasets …
Optimal Dynamic Portfolio Risk Management
2016
Numerous econometric studies report that financial asset volatilities and correlations are time-varying and predictable. Over the past decade, this knowledge has stimulated increasing interest in various dynamic portfolio risk control techniques. The two basic types of risk control techniques are: risk control across assets and risk control over time. At present, the two types of risk control techniques are not implemented simultaneously. There has been surprisingly little theoretical study of optimal dynamic portfolio risk management. In this paper, the author fills this gap in the literature by formulating and solving the multi-period portfolio choice problem. In terms of dynamic portfoli…