Search results for "connectedness"
showing 10 items of 86 documents
Time and frequency dynamics of connectedness between renewable energy stocks and crude oil prices
2018
Abstract This paper examines the time and frequency dynamics of connectedness among stock prices of U.S. clean energy companies, crude oil prices and a number of key financial variables using the methodology developed by Barunik and Krehlik (2018). This approach allows measuring the dynamics of return and volatility connectedness over time and across frequencies simultaneously. The empirical results show that most of return and volatility connectedness is generated in the very short-term, i.e. movements up to five days, while the long-term plays a minor role. Our analysis further reveals a greater degree of interconnectedness across crude oil and financial markets since the onset of the U.S…
Oil price shocks, global financial markets and their connectedness
2020
Abstract This paper extends the literature on the relationship between oil price shocks and financial markets by examining the effect of oil shocks on the sovereign bond markets of a large number of advanced and emerging economies and exploring the impact of oil shocks on the degree of connectedness among international financial markets. We show that the effect of oil price shocks is not only limited to stock market returns, but also extends to bond markets, even after controlling for discount rate shocks as well as aggregate capital market effects. Unlike the case for stock markets, the effect on sovereign bonds is found to be rather heterogeneous (in terms of size and sign) and primarily …
Work–Family Practices and Complexity of Their Usage: A Discourse Analysis Towards Socially Responsible Human Resource Management
2020
AbstractThe question of work–family practices commonly arises in both theory and daily practice as a matter of responsibility in today’s organisations. More information is needed about them for socially responsible human resource management (SR-HRM). In this article our interest is in how work–family practices, serve as an important element of SR-HRM, constructed as (un)helpful for employees’ work–family integration, are realised in organisational life. We investigate the discursive ways in which members of two different organisations working at different organisational levels construct the issue in the Finnish context. Three discourses were interpreted: (1) a discourse of compliance with e…
Comparing and Contrasting the Studies Reported: Lessons Learnt
2016
This volume, with its title Beliefs, Agency and Identity in Foreign Language Learning and Teaching and the seven empirical studies reported in Chapters 3–9, has explored the phenomena of believing, acting, and identifying (or identity construction), and the interconnectedness of these phenomena in the learning and teaching of English or other foreign languages.
Designing for Networked Community Resilience
2016
Abstract Communities have been described to be at the heart of the preparedness for and the response to disasters. The increasing connectedness has made communities more vulnerable for their dependence on a complex network of critical infrastructures. At the same time, this very connectedness has the potential to enable communities to self-organise, engage, and connect with other communities to improve their resilience. While the pathway to more resilience is promising and has many advocates, the response to crises and disasters, time and again reveals the challenges related to (i) ad-hoc switching from preparedness to response; (ii) ad-hoc connecting professional responders, communities, v…
¿Se relaciona el ajuste escolar con la empatía ambiental y la conexión con la naturaleza?
2019
ABSTRACT Environmental empathy and connectedness to nature are two main constructs that explain variations in pro-environmental behavior. However, little is known about whether environmental (cognitive and emotional) empathy and connectedness to nature might vary as a function of school adjustment. Participants were 881 Spanish adolescents from 12 to 17 years old (47.2% males). The design was a 2 × 2 MANOVA (school adjustment × sex). Results of the CFA analysis confirmed the theoretical assumptions about two different but related aspects of environmental empathy (cognitive and emotional) and connectedness to nature as a unidimensional construct. Overall, results showed that high school adju…
The relationship between online vigilance and affective well-being in everyday life: Combining smartphone logging with experience sampling
2021
Contains fulltext : 220301.pdf (Publisher’s version ) (Open Access) Through communication technology, users find themselves constantly connected to others to such an extent that they routinely develop a mindset of connectedness. This mindset has been defined as online vigilance. Although there is a large body of research on media use and well-being, the question of how online vigilance impacts well-being remains unanswered. In this preregistered study, we combine experience sampling and smartphone logging to address the relation of online vigilance and affective well-being in everyday life. Seventy-five Android users answered eight daily surveys over five days (N = 1615) whilst having their…
Volatility risk premia and financial connectedness
2014
In this paper we use the Diebold Yilmaz (2009 and 2012) methodology to construct an index of connectedness among five European stock markets: France, Germany, UK, Switzerland and the Netherlands, by using volatility risk premia. The volatility risk premium, which is a proxy of risk aversion, is measured by the difference between the implied volatility and expected realized volatility of the stock market for next month. While Diebold and Yilmaz focus is on the forecast error variance decomposition of stock returns or range based volatilities employing a stationary VAR in levels, we account for the (locally) long memory stationary properties of the levels of volatility risk premia series. The…
Financial connectedness among European volatility risk premia
2015
In this paper we use the Diebold Yilmaz (2009 and 2012) methodology to estimate the contribution and the vulnerability to systemic risk of volatility risk premia for five European stock markets: France, Germany, UK, Switzerland and the Netherlands. The volatility risk premium, which is a proxy of risk aversion, is measured by the difference between the implied volatility and expected realized volatility of the stock market for next month. While Diebold and Yilmaz focus is on the forecast error variance decomposition of stock returns or range based volatilities employing a stationary VAR in levels, we account for the (locally) long memory stationary properties of the levels of volatility ris…
An index of financial connectedness applied to variance risk premia
2014
The purpose is to construct an index of financial connectedness among France, Germany, UK, Switzerland and the Netherlands variance risk premia. The variance risk premium of each country stock market is measured by the difference between the (square) of implied volatility and expected realized variance of the stock market for next month. The total and directional indices of financial connectedness are obtained from the forecast error variance decomposition of a Vector Autoregressive Model, VAR, as recently suggested by Diebold and Yilmaz. While the authors main focus is on connectedness among financial returns, they base their analysis on a short memory stationary VAR. Given the long memory…