WorldWideScience

Sample records for cost-based equity weight

  1. Equity weighting and the marginal damage costs of climate change

    Energy Technology Data Exchange (ETDEWEB)

    Anthoff, David [The Economic and Social Research Institute, Dublin (Ireland)]|[International Max Planck Research School on Earth System Modelling, Hamburg (Germany)]|[Research Unit Sustainability and Global Change, Hamburg University and Centre for Marine and Atmospheric Science, Hamburg (Germany); Hepburn, Cameron [Smith School of Enterprise and the Environment, and James Martin Institute, Said Business School, University of Oxford, and New College, Oxford (United Kingdom); Tol, Richard S.J. [The Economic and Social Research Institute, Dublin (Ireland)]|[Research Unit Sustainability and Global Change, Hamburg University and Centre for Marine and Atmospheric Science, Hamburg (Germany)]|[Institute for Environmental Studies, Vrije Universiteit, Amsterdam (Netherlands)]|[Engineering and Public Policy, Carnegie Mellon University, Pittsburgh, PA (United States)

    2009-01-15

    Climate change will give rise to different impacts in different countries, and different countries have different levels of development. Equity-weighted estimates of the (marginal) impact of greenhouse gas emissions reflect these differences. This paper analyses the impact of equity weighting on the marginal damage cost of carbon dioxide emissions, and reaches four main conclusions. First, equity-weighted estimates are substantially higher than estimates without equity-weights; equity-weights may even change the sign of the social cost estimates. Second, estimates differ by two orders of magnitude depending on the region to which the equity weights are normalised. Third, equity-weighted estimates are sensitive to the resolution of the impact estimates. Depending on the assumed intra-regional income distribution, estimates may be more than twice as high if national rather than regional impacts are aggregated. Fourth, variations in the assumed inequality aversion have different impacts in different scenarios, not only because different scenarios have different emissions and hence warming, but also because different scenarios have different income differences, different growth rates, and different vulnerabilities. (author)

  2. Investigating the Influence Relationship Models for Stocks in Indian Equity Market: A Weighted Network Modelling Study

    Science.gov (United States)

    Acharjee, Animesh

    2016-01-01

    The socio-economic systems today possess high levels of both interconnectedness and interdependencies, and such system-level relationships behave very dynamically. In such situations, it is all around perceived that influence is a perplexing power that has an overseeing part in affecting the dynamics and behaviours of involved ones. As a result of the force & direction of influence, the transformative change of one entity has a cogent aftereffect on the other entities in the system. The current study employs directed weighted networks for investigating the influential relationship patterns existent in a typical equity market as an outcome of inter-stock interactions happening at the market level, the sectorial level and the industrial level. The study dataset is derived from 335 constituent stocks of ‘Standard & Poor Bombay Stock Exchange 500 index’ and study period is 1st June 2005 to 30th June 2015. The study identifies the set of most dynamically influential stocks & their respective temporal pattern at three hierarchical levels: the complete equity market, different sectors, and constituting industry segments of those sectors. A detailed influence relationship analysis is performed for the sectorial level network of the construction sector, and it was found that stocks belonging to the cement industry possessed high influence within this sector. Also, the detailed network analysis of construction sector revealed that it follows scale-free characteristics and power law distribution. In the industry specific influence relationship analysis for cement industry, methods based on threshold filtering and minimum spanning tree were employed to derive a set of sub-graphs having temporally stable high-correlation structure over this ten years period. PMID:27846251

  3. Investigating the Influence Relationship Models for Stocks in Indian Equity Market: A Weighted Network Modelling Study.

    Science.gov (United States)

    Bhattacharjee, Biplab; Shafi, Muhammad; Acharjee, Animesh

    2016-01-01

    The socio-economic systems today possess high levels of both interconnectedness and interdependencies, and such system-level relationships behave very dynamically. In such situations, it is all around perceived that influence is a perplexing power that has an overseeing part in affecting the dynamics and behaviours of involved ones. As a result of the force & direction of influence, the transformative change of one entity has a cogent aftereffect on the other entities in the system. The current study employs directed weighted networks for investigating the influential relationship patterns existent in a typical equity market as an outcome of inter-stock interactions happening at the market level, the sectorial level and the industrial level. The study dataset is derived from 335 constituent stocks of 'Standard & Poor Bombay Stock Exchange 500 index' and study period is 1st June 2005 to 30th June 2015. The study identifies the set of most dynamically influential stocks & their respective temporal pattern at three hierarchical levels: the complete equity market, different sectors, and constituting industry segments of those sectors. A detailed influence relationship analysis is performed for the sectorial level network of the construction sector, and it was found that stocks belonging to the cement industry possessed high influence within this sector. Also, the detailed network analysis of construction sector revealed that it follows scale-free characteristics and power law distribution. In the industry specific influence relationship analysis for cement industry, methods based on threshold filtering and minimum spanning tree were employed to derive a set of sub-graphs having temporally stable high-correlation structure over this ten years period.

  4. Exploring Weighted Student Formulas as a Policy for Improving Equity for Distributing Resources to Schools: A Case Study of Two California School Districts

    Science.gov (United States)

    Chambers, Jay G.; Levin, Jesse D.; Shambaugh, Larisa

    2010-01-01

    This paper presents a case study of two California school districts, San Francisco and Oakland, each of which have implemented their own versions of what is popularly known as a weighted student formula (WSF). One primary goal of the WSF policy is to increase the equity with which resources are distributed to schools. With respect to equity, the…

  5. Implementation of the Weighted Student Formula Policy in San Francisco: A Descriptive Study of an Equity-Driven, Student-Based Planning and Budgeting Policy. Issues & Answers. REL 2008-No. 061

    Science.gov (United States)

    Shambaugh, Larisa S.; Chambers, Jay G.; DeLancey, Danielle

    2008-01-01

    This report describes the planning and implementation of San Francisco's weighted student formula policy, an equity-driven student-based planning and budgeting policy. It examines one district's policy goals, planning and implementation considerations, and how the policy interacted with other local, state, and federal policies. Although limited to…

  6. An Empirical Study on the Impacts of Ownership Structure and the Equity Agency Cost--Based on the Data of Listed Companies in 2011 from the GEM Board%股权结构与股权代理成本关系的实证研究--基于2011年创业板上市公司的数据研究

    Institute of Scientific and Technical Information of China (English)

    尤华; 李恩娟

    2014-01-01

    Equity structure is the basis of corporate governance, the core problem of corporate governance is how to reduce agency cost, but due to special historical reasons, the existing disadvantages of equity division system in China has seriously affect on the corporate governance. According to agency theory, agency cost of equity can be divided into the first kind agent cost caused by conflicts of interest between shareholders and management and the second agent cost caused by conflicts of interest between controlling shareholders and minority shareholders. So this article is based on the perspective of after equity division reform, and takes data of listed companies in 2011 from the GEM board as samples. By adopting the combination of theory and empirical analysis method to analyze the relationship between equity structure and equity agency costs, the results shows that equity concentration can reduce the first agent cost and the second agency cost. To a certain degree, equity balance can reduce the second agency cost, but will improve the first agent cost. Debt would also help reduce the first agent cost. But holdings of managers and institutional investors does not have the effect of reducing agency cost.%公司治理的基础是股权结构,核心问题就是如何降低代理成本,但是由于特殊的历史原因,我国股权分置制度存在的弊端严重影响着公司治理。根据代理理论,股权代理成本可以划分为管理层与股东之间利益冲突引起的第一类代理成本和控股股东与中小股东之间利益冲突引起的第二类代理成本。所以本文就基于股权分置改革后的视角,以2011年创业板上市公司为样本,采用理论与实证相结合的分析方法来分析股权结构与股权代理成本之间的关系,得出股权集中度可以降低第一类代理成本和第二类代理成本;股权制衡度在一定程度上可以降低第二类代理成本,但会提高第一类代理成本

  7. The Influence of Accounting Robustness for Equity Financing Cost---Based on the Research of Shanghai and Shenzhen A-share Market%会计稳健性对股权融资成本的影响--基于沪深A股市场的研究

    Institute of Scientific and Technical Information of China (English)

    邱玉莲; 彭冲

    2013-01-01

    Accounting conservatism,also known as prudence,in large measure will affect corporate capital structure and financing costs.Paper through empirical testing and model building study accounting conservatism on equity financing costs.%会计稳健性又称谨慎性,在很大程度上会影响企业资本结构和融资成本。文中通过实证检验和模型构建研究了会计稳健性对股权融资成本的影响。

  8. Equity Valuation

    DEFF Research Database (Denmark)

    Christensen, Peter Ove; Feltham, Gerald A.

    -coupon interest rates. We show that standard estimates of the cost of capital, based on historical stock returns, are likely to be a significantly biased measure of the firm’s cost of capital, but also that the bias is almost impossible to quantify empirically. The new approach recognizes that, in practice......We review and critically examine the standard approach to equity valuation using a constant risk-adjusted cost of capital, and we develop a new valuation approach discounting risk-adjusted fundamentals, such as expected free cash flows and residual operating income, using nominal zero...

  9. PATTERNS FOR DETERMINING THE COST OF EQUITIES

    Directory of Open Access Journals (Sweden)

    GHEORGHE HOLT

    2012-12-01

    Full Text Available The cost of equities represents the rate of return required by the shareholders of the company, to provide a return on their investment in its heritage. Significant in this respect, there are the size of future profit and general meeting of shareholders decisions on distribution ratio of net profit for the year for dividends. The return required by shareholders is an opportunity cost based on return expected by investors for investment with the same risk.

  10. EBRD equity investment

    Directory of Open Access Journals (Sweden)

    Simen, A.

    2012-01-01

    Full Text Available The EBRD is the largest investor in private equity funds, mainly focusing on growth and expansion in countries of operation. The significant support to its private equity fund managers accelerates the development and institutionalisation of the private equity industry in the region. For EBRD, equity investments are made indirectly through regional and sector funds. These funds are created by groups of investors, mostly private, to which the EBRD participates with capital.

  11. Information and Equity.

    Science.gov (United States)

    Lievrouw, Leah A.; Farb, Sharon E.

    2003-01-01

    Reviews a selection of recent studies from various disciplines on information and social equity and on the digital divide in order to outline a basic conceptual framework for considering information equity. Highlights include equity versus equality; vertical and horizontal perspectives; social capital and public goods; and intellectual property.…

  12. A Recommitment Strategy for Long Term Private Equity Fund Investors

    NARCIS (Netherlands)

    G.J. de Zwart (Gerben); B. Frieser (Brian); D.J.C. van Dijk (Dick)

    2007-01-01

    textabstractThis paper develops a reinvestment strategy for private equity which aims to keep its portfolio weight equal to a desired strategic allocation, while taking into account the illiquid nature of private equity. Historical simulations (1980-2005) show that our dynamic strategy is capable of

  13. Using Cost-Effectiveness Analysis to Address Health Equity Concerns.

    Science.gov (United States)

    Cookson, Richard; Mirelman, Andrew J; Griffin, Susan; Asaria, Miqdad; Dawkins, Bryony; Norheim, Ole Frithjof; Verguet, Stéphane; J Culyer, Anthony

    2017-02-01

    This articles serves as a guide to using cost-effectiveness analysis (CEA) to address health equity concerns. We first introduce the "equity impact plane," a tool for considering trade-offs between improving total health-the objective underpinning conventional CEA-and equity objectives, such as reducing social inequality in health or prioritizing the severely ill. Improving total health may clash with reducing social inequality in health, for example, when effective delivery of services to disadvantaged communities requires additional costs. Who gains and who loses from a cost-increasing health program depends on differences among people in terms of health risks, uptake, quality, adherence, capacity to benefit, and-crucially-who bears the opportunity costs of diverting scarce resources from other uses. We describe two main ways of using CEA to address health equity concerns: 1) equity impact analysis, which quantifies the distribution of costs and effects by equity-relevant variables, such as socioeconomic status, location, ethnicity, sex, and severity of illness; and 2) equity trade-off analysis, which quantifies trade-offs between improving total health and other equity objectives. One way to analyze equity trade-offs is to count the cost of fairer but less cost-effective options in terms of health forgone. Another method is to explore how much concern for equity is required to choose fairer but less cost-effective options using equity weights or parameters. We hope this article will help the health technology assessment community navigate the practical options now available for conducting equity-informative CEA that gives policymakers a better understanding of equity impacts and trade-offs.

  14. Endogenous average cost based access pricing

    OpenAIRE

    Fjell, Kenneth; Foros, Øystein; Pal, Debashis

    2006-01-01

    We consider an industry where a downstream competitor requires access to an upstream facility controlled by a vertically integrated and regulated incumbent. The literature on access pricing assumes the access price to be exogenously fixed ex-ante. We analyze an endogenous average cost based access pricing rule, where both firms realize the interdependence among their quantities and the regulated access price. Endogenous access pricing neutralizes the artificial cost advantag...

  15. Equity in health care.

    Science.gov (United States)

    La Rosa-Salas, Virginia; Tricas-Sauras, Sandra

    2008-01-01

    It has long been known that a segment of the population enjoys distinctly better health status and higher quality of health care than others. To solve this problem, prioritization is unavoidable, and the question is how priorities should be set. Rational priority setting would seek equity amongst the whole population, the extent to which people receive equal care for equal needs. Equity in health care is an ethical imperative not only because of the intrinsic worth of good health, or the value that society places on good health, but because, without good health, people would be unable to enjoy life's other sources of happiness. This paper also argues the importance of the health care's efficiency, but at the same time, it highlights how any innovation and rationalization undertaken in the provision of the health system should be achieved from the consideration of human dignity, making the person prevail over economic criteria. Therefore, the underlying principles on which this health care equity paper is based are fundamental human rights. The main aim is to ensure the implementation of these essential rights by those carrying out public duties. Viewed from this angle, equity in health care means equality: equality in access to services and treatment, and equality in the quality of care provided. As a result, this paper attempts to address both human dignity and efficiency through the context of equity to reconcile them in the middle ground.

  16. Marketing assets: Relating brand equity and customer equity

    Directory of Open Access Journals (Sweden)

    Jaime Romero

    2016-03-01

    Full Text Available Purpose: Brand equity and customer equity are inextricably linked. Some authors propose that marketing activities build these intangible assets simultaneously. In contrast, others suggest that brand equity is an antecedent of customer equity. In this research, we aim to shed light about the relationship between brand equity and customer equity, by empirically testing these two alternative explanations. Design/methodology/approach: We propose four research models that reflect these two alternatives explanations regarding the link between brand equity and customer equity. In order to estimate these models we employ Structural Equations Modelling. We measure model variables using data collected through a survey to marketing managers of services companies that operate in Spain. We compare these four research models in terms of explanatory power and goodness of fit. Findings: Our results indicate that the models that correspond to the simultaneity approach have a higher explanatory power and goodness of fit than the models that suggest that brand equity is an antecedent of customer equity, thus supporting that these intangible assets are built by marketing activities at the same time. Research limitations/implications: Our results recommend caution when interpreting previous research about the effects of brand (customer equity, as they might indeed correspond to customer (brand management. Similarly, future research focusing on customer and brand management need to take into account both managerial areas in their studies. Practical implications: From a practitioners’ point of view, our findings suggest adopting a brand-customer portfolio approach to enhance company profitability. Similarly, we derive implications for firm valuation processes, which incorporate brand equity and customer equity in their calculations. Originality/value: We empirically study the relationship between brand equity and customer equity, while previous research has analyzed

  17. Individual Differences in Equity Models

    Science.gov (United States)

    Hofmans, Joeri

    2012-01-01

    In the present paper, we (1) study whether people differ in the equity models they use, and (2) test whether individual differences in equity models relate to individual differences in equity sensitivity. To achieve this goal, an Information Integration experiment was performed in which participants were given information on the performance of two…

  18. Private Equity and Industry Performance

    DEFF Research Database (Denmark)

    Bernstein, Shai; Lerner, Josh; Sørensen, Morten

    2017-01-01

    The growth of the private equity industry has spurred concerns about its impact on the economy. This analysis looks across nations and industries to assess the impact of private equity on industry performance. We find that industries where private equity funds invest grow more quickly in terms...

  19. Equity in the Classroom

    Science.gov (United States)

    DiMartino, Joseph; Miles, Sherri

    2004-01-01

    In this article, the authors discuss three reform strategies designed to produce educational equity. The first strategy, heterogeneous grouping, does away with the controversial practice of placing students in different tracks based on their ability, which can polarize the student population into pro- and anti-school camps, create a "caste system"…

  20. GRADE Equity Guidelines 3

    DEFF Research Database (Denmark)

    Welch, Vivian A; Akl, Elie A; Pottie, Kevin

    2017-01-01

    OBJECTIVE: The aim of this paper is to describe a conceptual framework for how to consider health equity in the GRADE (Grading Recommendations Assessment and Development Evidence) guideline development process. STUDY DESIGN AND SETTING: Consensus-based guidance developed by the GRADE working grou...

  1. Valuing Private Equity

    DEFF Research Database (Denmark)

    Sørensen, Morten; Wang, Neng; Yang, Jinqiang

    2014-01-01

    We investigate whether the performance of private equity (PE) investments is sufficient to compensate investors (LPs) for risk, long-term illiquidity, management, and incentive fees charged by the general partner (GP).We analyze the LPs’ portfolio-choice problem and find that management fees...

  2. Equity Literacy for All

    Science.gov (United States)

    Gorski, Paul C.; Swalwell, Katy

    2015-01-01

    If the authors have learned anything working with schools across the United States, they've learned this: When it comes to educational equity, the trouble is not a lack of multicultural programs or diversity initiatives in schools. Nor is it a lack of educators who appreciate and even champion diversity. The trouble lies in how so many diversity…

  3. 7 CFR 1980.391 - Equity sharing.

    Science.gov (United States)

    2010-01-01

    ... property. Shared equity will be the lesser of the interest assistance granted or the amount of value appreciation available for shared equity. Value appreciation available for shared equity means the market value... amount of shared equity. The RHS approval official will calculate shared equity when a borrower's...

  4. Customer equity of Pakistani fast food restaurant: A study of attitudinal customer equity

    Directory of Open Access Journals (Sweden)

    Zubair

    2017-02-01

    Full Text Available Customer Equity is true representative of relationship marketing. There are two major approach-es to measure Customer Equity: Transaction/sales based approach and Attitudinal Approach. This research is an effort to check customer equity of fast food restaurants of Pakistan by using attitudinal approach. Transactional customer equity is treated as criterion for attitudinal customer equity. Three drivers of Customer Equity are Value Equity, Brand equity and Relationship equity are taken as independent variables in this research. Convenient sampling technique was used and sample size was 393 respondents. The results show that attitudinal customer equity had strong association with transactional equity. Brand equity, value equity and relationship equity show positive associations with attitudinal customer equity.

  5. Equity and development

    OpenAIRE

    2015-01-01

    World Development Report 2006 analyzes the relationship between equity and development. The report documents the persistence of inequality traps by highlighting the interaction between different forms of inequality. It presents evidence that the inequality of opportunity that arises is wasteful and inimical to sustainable development and poverty reduction. It also derivespolicy implications that center on the broad concept of leveling the playing field-both politically and economically and in...

  6. Emerging Equity Market Volatility

    OpenAIRE

    Geert Bekaert; Harvey, Campbell R.

    1995-01-01

    Returns in emerging capital markets are very different from returns in developed markets. While most previous research has focused on average returns, we analyze the volatility of the returns in emerging equity markets. We characterize the time-series of volatility in emerging markets and explore the distributional foundations of the variance process. Of particular interest is evidence of asymmetries in volatility and the evolution of the variance process after periods of capital market refor...

  7. Developing Agency for Equity-Minded Change

    Science.gov (United States)

    Felix, Eric R.; Bensimon, Estela Mara; Hanson, Debbie; Gray, James; Klingsmith, Libby

    2015-01-01

    This chapter highlights the use of the Equity Scorecard with the Community College of Aurora. The Equity Scorecard is a theory-based strategy that assists community colleges in embedding equity into their institutional norms, practices, and policies.

  8. Equity Versus Non-Equity International Strategic Alliances

    DEFF Research Database (Denmark)

    Globerman, Steven; Nielsen, Bo Bernhard

    A substantial literature has evolved focusing on the ownership structure of international strategic alliances (ISAs). Most of the relevant studies are theoretical in nature and concentrate on the conceptual factors that influence the choice between equity and non-equity structures. A smaller number...

  9. Is Nordic Private Equity Different?

    DEFF Research Database (Denmark)

    Spliid, Robert

    2013-01-01

    Most research on private equity is based on American theory, tested on American empirical data. Nevertheless, the private equity concept has gained a solid foothold in the Nordic region, especially in Sweden. This article analyzes whether American-biased assumptions prevail in the Nordic countries...

  10. Cost Based Droop Schemes for Economic Dispatch in Islanded Microgrids

    DEFF Research Database (Denmark)

    Chen, Feixiong; Chen, Minyou; Li, Qiang

    2017-01-01

    In this paper, cost based droop schemes are proposed, to minimize the total active power generation cost in an islanded microgrid (MG), while the simplicity and decentralized nature of the droop control are retained. In cost based droop schemes, the incremental costs of distributed generators (DGs......) are embedded into the droop schemes, where the incremental cost is a derivative of the DG cost function with respect to output power. In the steady state, DGs share a single common frequency, and cost based droop schemes equate incremental costs of DGs, thus minimizing the total active power generation cost......, in terms of the equal incremental cost principle. Finally, simulation results in an islanded MG with high penetration of intermittent renewable energy sources are presented, to demonstrate the eectiveness, as well as plug and play capability of the cost based droop schemes....

  11. Challenges of Ensuring Equity

    DEFF Research Database (Denmark)

    Pasgaard, Maya

    and on a conceptual framework to examine equity in REDD+. Qualitative research with a case study in Cambodia provides the empirical foundation for the thesis, supplemented with a quantitative analysis of climate change research to address the fourth research question. Together, these articles and approaches...... these challenges, specific recomm ndations are summarized in the thesis, namely: better integration of qualitative methods in social assessments, greater emphasis on local inclusion and representativeness in relation to resource access and decision-making, more field research and cross...... of departure in a case study of REDD+ in the Oddar Meanchey province in Northern Cambodia, which hosts the country’s first REDD+ demonstration project, and in a publication analysis of climate change research. The thesis addresses the overall research questions and the four sub-questions To what extent is REDD...

  12. Sustainability : Intergeneration Equity and Environment

    Energy Technology Data Exchange (ETDEWEB)

    Kim, Y.D. [Korea Energy Economics Institute, Euiwang (Korea)

    2001-06-01

    Regarding intergenerational equity as prerequisite for sustainability, we derive an optimal investment rule for intergenerational equity from an optimization model allowing for capital accumulation and pollution. This rule provides a condition for intergenerational equity such that an economy maintains constant net value of investment the difference between the physical capital investment value and the environmental resource depletion(pollution) value. This rule is more generalized condition for intergenerational equity than the 'keep capital intact' rule suggested by Hartwick(1977) and Solow(1999), in a sense that this rule includes their condition as a special. Also, we expect this rule to offer an empirical measure of sustainability. In addition, we discuss a variety of recent environmental issues in practice, especially associated with the implications from the rule. (author). 13 refs.

  13. Brand Policy and Brand Equity

    OpenAIRE

    Silvio M. Brondoni

    2001-01-01

    A brand represents the awareness and the image that a product has managed with a segment of customers. In business terms, a brand can be defined as a specific relationship created within a given market for the promotion of a particular product. The specific existing relationship between a brand and a given market indicates the functional and symbolic values that demand attributes to the product through the brand. Brand equity expresses brand value in operating conditions. Brand equity shapes ...

  14. Cost-Based Domain Filtering for Stochastic Constraint Programming

    NARCIS (Netherlands)

    Rossi, R.; Tarim, S.A.; Hnich, B.; Prestwich, S.

    2008-01-01

    Cost-based filtering is a novel approach that combines techniques from Operations Research and Constraint Programming to filter from decision variable domains values that do not lead to better solutions [7]. Stochastic Constraint Programming is a framework for modeling combinatorial optimization pro

  15. Cost-Based Domain Filtering for Stochastic Constraint Programming

    NARCIS (Netherlands)

    Rossi, R.; Tarim, S.A.; Hnich, B.; Prestwich, S.

    2008-01-01

    Cost-based filtering is a novel approach that combines techniques from Operations Research and Constraint Programming to filter from decision variable domains values that do not lead to better solutions [7]. Stochastic Constraint Programming is a framework for modeling combinatorial optimization pro

  16. Energy and equity

    Energy Technology Data Exchange (ETDEWEB)

    Illich, I.

    1974-01-01

    Discussions of a seminar on traffic, which met at the Center for Intercultural Documentation in Cuernavaca, Mexico, are summarized in this book. Future social relationships of society will depend on the energy policies now being selected. In facing the reality of finite energy, it is important to cut through the language of crisis in order to understand that social relations as well as the physical environment are destroyed by high consumption of energy. In addition to the government policy options of tight controls or thermodynamic efficiency, there is the option of setting a ceiling on energy use. A slower speed of development and a low energy technology can be the choice. Traffic (the movement of people) illustrates the nature of energy equity--on foot people are nearly equal, but as speed and complexity increases, social relationships become less equal, with the individual becoming dependent on the transportation system to dictate his social space. Inequities in speed of motors allows the rich and powerful to exploit the poor. The bicycle illustrates the balance of production and equipment needed for an effective post-industrial society. (102 references) (DCK)

  17. Reconciliation of economic concerns and health policy: illustration of an equity adjustment procedure using proportional shortfall.

    Science.gov (United States)

    Stolk, Elly A; van Donselaar, Gijs; Brouwer, Werner B F; Busschbach, Jan J V

    2004-01-01

    Economic evaluations have become an important and much used tool in aiding decision makers in deciding on reimbursement or implementation of new healthcare technologies. Nevertheless, the impact of economic evaluations on reimbursement decisions has been modest; results of economic evaluations do not have a good record in predicting funding decisions. This is usually explained in terms of fairness; there is increasing awareness that valuations of QALYs may differ when the QALYs accrue to different patients. The problem, however, is that these equity concerns often remain implicit, and therefore frustrate explicitness and transparency in evidence-based decision making. It has been suggested that a so-called equity adjustment procedure may (partially) solve this problem. Typically this would involve the application of so-called equity weights, which can be used to recalculate the value of QALY gains for different patients. This paper explores such an equity adjustment procedure, using the equity concept of proportional shortfall. Proportional shortfall assumes that measurement of inequalities in health should concentrate on the fraction of QALYs that people lose relative to their remaining life expectancy, and not on the absolute number of QALYs lost or gained. It is the ratio of QALYs lost over the QALYs remaining. This equity concept combines elements of two popular but conflicting notions of equity: fair innings and severity-of-illness. We applied the concept of proportional shortfall to ten conditions and tentatively explored how an equity adjustment procedure using proportional shortfall might affect priority setting. Our equity adjustment procedure lowered the cost-effectiveness threshold when a condition was relatively mild. Because the proportional shortfall caused by the ten conditions differed considerably, the equity-adjustment procedure discriminated strongly between the ten conditions, and this experiment provided a good opportunity to explore the impact

  18. Equity Portfolio Management Using Option Price Information

    DEFF Research Database (Denmark)

    Christoffersen, Peter; Pan, Xuhui (Nick)

    We survey the recent academic literature that uses option-implied information to construct equity portfolios. Studies show that equity managers can earn a positive alpha by using information in individual equity options, by using stocks' exposure to information in market index options, and by usi...

  19. Shareowners' Equity at Campbell Soup: How Can Equity Be Negative?

    Science.gov (United States)

    Mohrman, Mary Beth; Stuerke, Pamela S.

    2014-01-01

    This paper presents an instructional case based on the 2001 annual report of the Campbell Soup Company (CPB). During that year, CPB's shareowners' equity went from a surplus of USD137 million to a deficit of USD247 million. The analysis will allow students to determine that the change resulted from borrowing to purchase treasury stock. Students…

  20. Shareowners' Equity at Campbell Soup: How Can Equity Be Negative?

    Science.gov (United States)

    Mohrman, Mary Beth; Stuerke, Pamela S.

    2014-01-01

    This paper presents an instructional case based on the 2001 annual report of the Campbell Soup Company (CPB). During that year, CPB's shareowners' equity went from a surplus of USD137 million to a deficit of USD247 million. The analysis will allow students to determine that the change resulted from borrowing to purchase treasury stock. Students…

  1. Making Way for Equity: Elementary Principals' Interpretations of Equity

    Science.gov (United States)

    Fishman, Christine A.

    2010-01-01

    Treating education as a socially transformative and morally conscious enterprise calls for educators to expose and improve social conditions related to oppression. These beliefs herald a different kind of practice for teachers and administrators in public schools, a practice that deals directly with dilemmas of equity and pluralism. Limited…

  2. Strategic operating indicators point to equity growth.

    Science.gov (United States)

    Cleverley, W O

    1988-07-01

    As healthcare managers become more business-like in their behavior, they are becoming increasingly concerned with the equity growth rate of their organizations. Strong equity growth means a financially healthy organization. Equity growth can be expressed as a product of five financial ratios--the most important ratio being the operating margin. Improvements in operating margins will lead to improvements in equity growth. Thirty indicators, called strategic operating indicators, have been developed to monitor operating margins. These indicators, when compared with values from other peer groups, can help point to strategies for improvement of operating margins, and hence equity growth.

  3. The Factor Structure in Equity Options

    DEFF Research Database (Denmark)

    Christoffersen, Peter; Fournier, Mathieu; Jacobs, Kris

    Principal component analysis of equity options on Dow-Jones firms reveals a strong factor structure. The first principal component explains 77% of the variation in the equity volatility level, 77% of the variation in the equity option skew, and 60% of the implied volatility term structure across...... equities. Furthermore, the first principal component has a 92% correlation with S&P500 index option volatility, a 64% correlation with the index option skew, and a 80% correlation with the index option term structure. We develop an equity option valuation model that captures this factor structure...

  4. Equity in health care prioritisation: an empirical inquiry into social value.

    Science.gov (United States)

    Stolk, Elly A; Pickee, Stefan J; Ament, André H J A; Busschbach, Jan J V

    2005-11-01

    The value of QALY gains for different patients may be recalculated using equity weights, but it is unclear which interpretation of equity should be used: severity of illness, fair innings or proportional shortfall. We set up an experiment to analyze which of these equity concepts best reflects people's distributional preferences. Sixty respondents assigned a priority rank to the treatment of 10 conditions using the paired comparison technique. We described these real-life conditions by their actual QALY profiles, i.e. in terms of age, disease free period, duration of disease, quality of life, and life years lost. Next we determined the priority rank order of the 10 conditions by the three equity concepts, using the weights that each equity concept attributes to the different units of the QALY profile describing the 10 conditions. To explore the social interpretation of equity, we compared the observed and theoretical rank orderings using Spearman correlations. All correlations were significant at a 0.05 level. Fair innings best predicted the observed rank order of the 10 conditions (r=0.95). Weaker correlations were found for proportional shortfall (r=0.82) and severity of illness (r=-0.65). This result calls attention to health policy, because actual health care decisions often reflect concerns of severity of illness. This raises the question if health care decision makers evaluate the claims of different patients for health care by appropriate criteria.

  5. Digital Equity and Intercultural Education

    Science.gov (United States)

    Resta, Paul; Laferrière, Thérèse

    2015-01-01

    Digital equity and intercultural education continue to be areas of concern in the emerging knowledge-based society. The digital divide is present across the globe as the result of a complex of factors such as the inequality in: access to hardware and connectivity; autonomy of use; digital and literacy skills; availability of technical and social…

  6. Mathematics Equity. A Resource Book.

    Science.gov (United States)

    Tyree, Eddy; And Others

    Provided in this document is a brief summary of current research on equity in mathematics, readings on the topic, and lists of selected programs and resource materials. Readings presented include: "Teaching Mathematics in a Multicultural Setting: Some Considerations when Teachers and Students are of Differing Cultural Backgrounds"…

  7. Consumption-based Equity Valuation

    DEFF Research Database (Denmark)

    Bach, Christian; Christensen, Peter O.

    2016-01-01

    through a risk-adjusted cost of equity in the denominator. The risk adjustments are derived based on assumptions about the time-series properties of residual income returns and aggregate consumption rather than on historical stock returns. We compare the performance of the model with several...

  8. The Economics of Private Equity

    NARCIS (Netherlands)

    J.T.J. Smit (Han)

    2003-01-01

    textabstractThe development of theory about private equity during the last decades follows the pattern of economic development. While buyouts have found their origin in restructuring we observe more recently a trend of facilitating growth, where the firm and financier follow a path of acquisitions.

  9. Style drift in private equity

    NARCIS (Netherlands)

    D. Cumming; G. Fleming; A. Schwienbacher

    2009-01-01

    We introduce the concept of style drift to private equity investment. We present theory and evidence pertaining to style drifts in terms of a fund manager's stated focus on particular stages of entrepreneurial development. We develop a model that derives conditions under which style drifts are less

  10. Consumer Learning and Brand Equity

    NARCIS (Netherlands)

    S.M.J. van Osselaer (Stijn); J.W. Alba (Joseph)

    2000-01-01

    textabstractA series of experiments illustrates a learning process that enhances brand equity at the expense of quality-determining attributes. When the relationship between brand name and product quality is learned prior to the relationship between product attributes and quality, inhibition of the

  11. The Cross-Section of Credit Risk Premia and Equity Returns

    DEFF Research Database (Denmark)

    Friewald, Nils; Wagner, Christian; Zechner, Josef

    Structural models a la Merton (1974) imply that rms' risk premia in equity and credit markets are related. We explore this relation, using the joint crosssection of stock returns and risk premia estimated from forward credit default swap (CDS) spreads. Consistent with structural models, we nd...... that rms' equity returns and Sharpe ratios increase with estimated credit risk premia and that the returns of buying high and selling low credit risk premium rms cannot be explained by traditional risk factors. Credit risk premia contain equity-relevant information neither captured by risk-neutral nor...... by actual default probabilities. This sheds new light on the distress puzzle, i.e. the lack of a positive relation between equity returns and default probabilities reported in previous studies. Our results are robust across pre-crisis and crisis sub-samples, return weighting schemes, full- and out...

  12. Cost based interconnection charges as a way to induce competition

    DEFF Research Database (Denmark)

    Falch, Morten

    The objective of this paper is to analyse the relationship between regulation of interconnection charges and the level of competition. One of the most important issues in the debate on interconnect regulation has been use of forward looking costs for setting of interconnection charges. This debate...... has been ongoing within the EU as well as in US. This paper discusses the European experiences and in particular the Danish experiences with use of cost based interconnection charges, and their impact on competition in the telecom market....

  13. Equity Index in the School Systems of Selected OECD Countries

    Science.gov (United States)

    Ozmusul, Mustafa

    2013-01-01

    The purpose of this study is to analysis the equity in the school systems of selected OECD countries. For this purpose, the international data for selected OECD countries was analyzed in terms of four dimensions of equity as learning equity, school resource equity, participating in education, and digital equity. When analyzing data, the equity…

  14. A Racial Equity Toolkit for Midwifery Organizations.

    Science.gov (United States)

    Gordon, Wendy M

    2016-11-01

    Midwifery associations are increasing awareness and commitment to racial equity in the profession and in the communities we serve. Moving these commitments from words into action may be facilitated by a racial equity toolkit to help guide midwifery organizations to consider all policies, initiatives, and actions with a racial equity lens. Racial equity impact analyses have been used in recent years by various governmental agencies in the United States and abroad with positive results, and emerging literature indicates that nonprofit organizations are having similarly positive results. This article proposes a framework for midwifery organizations to incorporate a racial equity toolkit, starting with explicit intentions of the organization with regard to racial equity in the profession. Indicators of success are elucidated as the next step, followed by the use of a racial equity impact analysis worksheet. This worksheet is applied by teams or committees when considering new policies or initiatives to examine those actions through a racial equity lens. An organizational change team and equity advisory groups are essential in assisting organizational leadership to forecast potential negative and positive impacts. Examples of the components of a midwifery-specific racial equity toolkit are included. © 2016 by the American College of Nurse-Midwives.

  15. Equity Versus Non-Equity International Strategic Alliances

    DEFF Research Database (Denmark)

    Globerman, Steven; Nielsen, Bo Bernhard

    A substantial literature has evolved focusing on the ownership structure of international strategic alliances (ISAs). Most of the relevant studies are theoretical in nature and concentrate on the conceptual factors that influence the choice between equity and non-equity structures. A smaller number...... of studies provide some empirical evidence on the importance of some of the conceptual factors. The theoretical literature highlights the potential influence of relational capital and transaction costs as determinants of ISA structure; however, there is little empirical evidence on the relative importance...... of these potential determinants. Moreover, there is only limited and indirect evidence bearing upon the impact of host country governance attributes on ISA ownership structure. In this study, we provide statistical evidence on the importance of potential determinants of governance mode choice for a sample of ISAs...

  16. The case of Geely acquiring Volvo Car : A study on low brand equity acquiring high brand equity

    OpenAIRE

    Zheng, Xiaoshu; Shi, Yuan

    2013-01-01

    Much previous research has studied high brand equity acquiring high brand equity or high brand equity acquiring low brand equity. However, very little research has been conducted to understand how that low brand equity acquiring high brand equity changes the low brand equity especially in China. This paper is on the case of Geely Group acquiring Volvo Car which was a typical acquisition of a high brand equity company by a low brand equity company. The aim of the paper is to verify whether thi...

  17. Minimum Variance Portfolios in the Brazilian Equity Market

    Directory of Open Access Journals (Sweden)

    Alexandre Rubesam

    2013-03-01

    Full Text Available We investigate minimum variance portfolios in the Brazilian equity market using different methods to estimate the covariance matrix, from the simple model of using the sample covariance to multivariate GARCH models. We compare the performance of the minimum variance portfolios to those of the following benchmarks: (i the IBOVESPA equity index, (ii an equally-weighted portfolio, (iii the maximum Sharpe ratio portfolio and (iv the maximum growth portfolio. Our results show that the minimum variance portfolio has higher returns with lower risk compared to the benchmarks. We also consider long-short 130/30 minimum variance portfolios and obtain similar results. The minimum variance portfolio invests in relatively few stocks with low βs measured with respect to the IBOVESPA index, being easily replicable by individual and institutional investors alike.

  18. Corporate Governance and Private Equity

    OpenAIRE

    Pindroch, Michal

    2013-01-01

    The thesis aspires to address two fundamental aims, one of which is to undertake a systematic review of the existing literature and empirical evidence on corporate governance issues relevant for leveraged buyout investing (LBO); while the second aim is to develop, currently missing, evidence regarding the pre- and post- buyout corporate governance, including its role for buyout investing, in the Czech portfolio companies acquired via LBO by private equity firms. The first aim of the thesis is...

  19. Governing health equity in Scandinavian municipalities

    DEFF Research Database (Denmark)

    Scheele, Christian Elling; Little, Ingvild; Diderichsen, Finn

    2017-01-01

    to health equity goals outside of the health sector and inadequate economic prioritization budget curbs implementation. Concerning evidence, there is a lack of epidemiological data, detailed evidence of health equity interventions as well as indicators relevant for monitoring implementation. Concerted......AIMS: Local governments in the Scandinavian countries are increasingly committed to reduce health inequity through 'health equity in all policies' (HEiAP) governance. There exists, however, only very sporadic implementation evidence concerning municipal HEiAP governance, which is the focus...

  20. International Investors, Exchange Rates and Equity Prices

    OpenAIRE

    Baur, Dirk G.; Isaac Miyakawa

    2013-01-01

    The correlation between equity returns and currency returns affects the risk of international equity portfolios. We analyze the equity index and currency returns of 53 countries and find that correlations are mainly positive. Negative correlations are found for currencies which play a special role in the global financial system like the US dollar, the Japanese yen, the British pound, the euro and the Swiss franc. Correlations generally increased in recent years and are often larger in extreme...

  1. Equity Portfolio Management Using Option Price Information

    DEFF Research Database (Denmark)

    Christoffersen, Peter; Pan, Xuhui (Nick)

    We survey the recent academic literature that uses option-implied information to construct equity portfolios. Studies show that equity managers can earn a positive alpha by using information in individual equity options, by using stocks' exposure to information in market index options, and by using...... stocks' exposure to crude oil option information. Option-implied information can also help construct better mean-variance portfolios and better estimates of market beta....

  2. Equity Portfolio Management Using Option Price Information

    DEFF Research Database (Denmark)

    Christoffersen, Peter; Pan, Xuhui (Nick)

    We survey the recent academic literature that uses option-implied information to construct equity portfolios. Studies show that equity managers can earn a positive alpha by using information in individual equity options, by using stocks' exposure to information in market index options, and by using...... stocks' exposure to crude oil option information. Option-implied information can also help construct better mean-variance portfolios and better estimates of market beta....

  3. Cost-based droop scheme for DC microgrid

    DEFF Research Database (Denmark)

    Nutkani, Inam Ullah; Wang, Peng; Loh, Poh Chiang

    2014-01-01

    voltage level, less on optimized operation and control of generation sources. The latter theme is perused in this paper, where cost-based droop scheme is proposed for distributed generators (DGs) in DC microgrids. Unlike traditional proportional power sharing based droop scheme, the proposed scheme...... considers the generation costs of DGs and dynamically tunes their droop gradients to produce more power from less costly DGs and vice versa. The proposed scheme is fully autonomous, simple to implement in dispatchable and non-dispatchable sources coupled with storage, support islanded and grid......-connected operation. Most importantly, the proposed scheme can reduce overall total generation cost in DC microgrids without centralized controller and communication links. The performance of the proposed scheme has been verified under different load conditions....

  4. 48 CFR 2452.216-70 - Estimated cost, base fee and award fee.

    Science.gov (United States)

    2010-10-01

    ... Provisions and Clauses 2452.216-70 Estimated cost, base fee and award fee. As prescribed in 2416.406(e)(1), insert the following clause in all cost-plus-award-fee contracts: Estimated Cost, Base Fee and Award Fee... 48 Federal Acquisition Regulations System 6 2010-10-01 2010-10-01 true Estimated cost, base fee...

  5. Poverty, equity, human rights and health.

    Science.gov (United States)

    Braveman, Paula; Gruskin, Sofia

    2003-01-01

    Those concerned with poverty and health have sometimes viewed equity and human rights as abstract concepts with little practical application, and links between health, equity and human rights have not been examined systematically. Examination of the concepts of poverty, equity, and human rights in relation to health and to each other demonstrates that they are closely linked conceptually and operationally and that each provides valuable, unique guidance for health institutions' work. Equity and human rights perspectives can contribute concretely to health institutions' efforts to tackle poverty and health, and focusing on poverty is essential to operationalizing those commitments. Both equity and human rights principles dictate the necessity to strive for equal opportunity for health for groups of people who have suffered marginalization or discrimination. Health institutions can deal with poverty and health within a framework encompassing equity and human rights concerns in five general ways: (1) institutionalizing the systematic and routine application of equity and human rights perspectives to all health sector actions; (2) strengthening and extending the public health functions, other than health care, that create the conditions necessary for health; (3) implementing equitable health care financing, which should help reduce poverty while increasing access for the poor; (4) ensuring that health services respond effectively to the major causes of preventable ill-health among the poor and disadvantaged; and (5) monitoring, advocating and taking action to address the potential health equity and human rights implications of policies in all sectors affecting health, not only the health sector.

  6. On the Real Effects of Private Equity

    NARCIS (Netherlands)

    P.G.J. Roosenboom (Peter)

    2009-01-01

    textabstractPrivate equity has become an increasingly important part of our economy. Around the world the companies owned by private equity investors account for a substantial percentage of Gross Domestic Product (GDP) and private sector employment. These investors have recently been under fire in t

  7. Achieving Sex Equity via Vocational Education.

    Science.gov (United States)

    Goetsch, David L.; Gulledge, Earl N.

    1981-01-01

    Reviews the women's rights movement and discusses the evolution of society's attitudes toward women. Discusses the goals and methods of Okaloosa-Walton Junior College Sex Equity Plan, a vocational education program for achieving sex equity. Highlights five major components: education, student recruitment, self-paced, self-directed instruction, job…

  8. Orwell and the Politics of Equity.

    Science.gov (United States)

    Townsend, Richard G.

    1983-01-01

    Reviews three general themes--each related to contemporary situations affecting educational equity--in the works of George Orwell. These include (1) that it is difficult for the weak to preserve their "inner core"; (2) that revolutions for equality can fail; and (3) that all people, including those who work for educational equity, are…

  9. 7 CFR 930.60 - Equity holders.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 8 2010-01-01 2010-01-01 false Equity holders. 930.60 Section 930.60 Agriculture Regulations of the Department of Agriculture (Continued) AGRICULTURAL MARKETING SERVICE (Marketing Agreements... Regulations § 930.60 Equity holders. (a) Inventory reserve ownership. The inventory reserve shall be the...

  10. Locus of Equity and Brand Extension

    NARCIS (Netherlands)

    S.M.J. van Osselaer (Stijn); J.W. Alba (Joseph)

    2003-01-01

    textabstractPrevailing wisdom assumes that brand equity increases when a brand touts its desirable attributes. We report conditions under which the use of attribute information to promote a product can shift the locus of equity from brand to attribute, thereby reducing the attractiveness of extensio

  11. Locus of Equity and Brand Extension

    NARCIS (Netherlands)

    S.M.J. van Osselaer (Stijn); J.W. Alba (Joseph)

    2003-01-01

    textabstractPrevailing wisdom assumes that brand equity increases when a brand touts its desirable attributes. We report conditions under which the use of attribute information to promote a product can shift the locus of equity from brand to attribute, thereby reducing the attractiveness of extensio

  12. Elementary Mathematics Teachers' Knowledge of Equity Pedagogy

    Science.gov (United States)

    Jackson, Christa

    2013-01-01

    Currently, mathematics instruction in U.S. classrooms is far from achieving equity for African American students. This qualitative study reports the results of eight successful elementary mathematics teachers' knowledge of equity pedagogy, specifically their knowledge of culturally relevant pedagogy, cultural competence, and critical…

  13. Elementary Mathematics Teachers' Knowledge of Equity Pedagogy

    Science.gov (United States)

    Jackson, Christa

    2013-01-01

    Currently, mathematics instruction in U.S. classrooms is far from achieving equity for African American students. This qualitative study reports the results of eight successful elementary mathematics teachers' knowledge of equity pedagogy, specifically their knowledge of culturally relevant pedagogy, cultural competence, and critical…

  14. Margin Requirements and Equity Option Returns

    DEFF Research Database (Denmark)

    Hitzemann, Steffen; Hofmann, Michael; Uhrig-Homburg, Marliese

    In equity option markets, traders face margin requirements both for the options themselves and for hedging-related positions in the underlying stock market. We show that these requirements carry a significant margin premium in the cross-section of equity option returns. The sign of the margin pre...

  15. Balancing equity and efficiency in the Dutch basic benefits package using the principle of proportional shortfall

    NARCIS (Netherlands)

    E.J. Lawerman-van de Wetering (Elisabeth); E.A. Stolk (Elly); N.J.A. van Exel (Job); W.B.F. Brouwer (Werner)

    2013-01-01

    textabstractEconomic evaluations are increasingly used to inform decisions regarding the allocation of scarce health care resources. To systematically incorporate societal preferences into these evaluations, quality-adjusted life year gains could be weighted according to some equity principle, the m

  16. Discussion of "Using accounting information for consumption planning and equity valuation"

    DEFF Research Database (Denmark)

    Christensen, Peter Ove

    2007-01-01

    This paper discusses Yee (2007), who investigates the role of accounting information for consumption planning and equity valuation. Higher earnings quality increases investor welfare and ex ante stock prices as well as the weight on earnings in valuation equations based on both cash flows...

  17. Education's Quest for the Grail: The Search for Fiscal Equity in the Bluegrass State.

    Science.gov (United States)

    Steffy, Betty E.

    1992-01-01

    Summarizes Kentucky's progress toward educational equity, concentrating on (1) the Kentucky Supreme Court's 1989 decision declaring the state's educational finance system unconstitutional and (2) a description and preliminary evaluation of the state's new four-part funding formula featuring pupil weighted averages for expenditure by wealth…

  18. Investigating different factors influencing on brand equity

    Directory of Open Access Journals (Sweden)

    Afsane Zamanimoghadam

    2014-07-01

    Full Text Available The purpose of this paper is to determine and prioritize factors influencing on brand equity in consumer’s point of view for a case study of Samsung appliance consumers in city of Tehran, Iran. The study investigates the effects of four factors in terms of the customer's perspective, price, advertisement, family and brand image, by dimensions of brand equity, perceived quality, brand awareness, brand association, brand loyalty, on brand equity. The research method is based on a descriptive-survey research. The questionnaire includes Samsung consumers in city of Tehran, Iran. To test the hypotheses, SPSS and LISREL software packages are used. For data analysis, descriptive statistics and inferential statistical tests including structural equation modeling and path analysis are used. The results of the survey have indicated that family and brand image influence positively on brand equity but the effects of advertisement and price on brand equity were not confirmed.

  19. INTEREST ON EQUITY AND THE WEIGHTED AVERAGE COST OF CAPITAL

    OpenAIRE

    LUCAS AUGUSTO DE MORAIS PILOTO

    2008-01-01

    Diversos métodos são utilizados para o cálculo do valor justo de uma empresa. Dentre os métodos mais usados, estão o método do fluxo de caixa descontado, onde os fluxos de caixa estimados da empresa são trazidos a valor presente por uma taxa para se chegar a uma estimativa de valor da empresa. Esta taxa é uma média ponderada do custo de capital próprio e do custo de capital de terceiros, sendo conhecida pela sigla WACC. No Brasil, entretanto, existe uma peculiaridade na legi...

  20. Banking Firm, Equity and Value at Risk

    Directory of Open Access Journals (Sweden)

    Udo Broll

    2012-12-01

    Full Text Available The paper focuses on the interaction between the solvency probability of a banking firm and the diversification potential of its asset portfolio when determining optimal equity capital. The purpose of this paper is to incorporate value at risk (VaR into the firm-theoretical model of a banking firm facing the risk of asset return. Given the necessity to achieve a confidence level for solvency, we demonstrate that diversification reduces the amount of equity. Notably, the VaR concept excludes a separation of equity policy and asset-liability management.

  1. Advancing Efforts to Achieve Health Equity: Equity Metrics for Health Impact Assessment Practice

    Directory of Open Access Journals (Sweden)

    Jonathan Heller

    2014-10-01

    Full Text Available Equity is a core value of Health Impact Assessment (HIA. Many compelling moral, economic, and health arguments exist for prioritizing and incorporating equity considerations in HIA practice. Decision-makers, stakeholders, and HIA practitioners see the value of HIAs in uncovering the impacts of policy and planning decisions on various population subgroups, developing and prioritizing specific actions that promote or protect health equity, and using the process to empower marginalized communities. There have been several HIA frameworks developed to guide the inclusion of equity considerations. However, the field lacks clear indicators for measuring whether an HIA advanced equity. This article describes the development of a set of equity metrics that aim to guide and evaluate progress toward equity in HIA practice. These metrics also intend to further push the field to deepen its practice and commitment to equity in each phase of an HIA. Over the course of a year, the Society of Practitioners of Health Impact Assessment (SOPHIA Equity Working Group took part in a consensus process to develop these process and outcome metrics. The metrics were piloted, reviewed, and refined based on feedback from reviewers. The Equity Metrics are comprised of 23 measures of equity organized into four outcomes: (1 the HIA process and products focused on equity; (2 the HIA process built the capacity and ability of communities facing health inequities to engage in future HIAs and in decision-making more generally; (3 the HIA resulted in a shift in power benefiting communities facing inequities; and (4 the HIA contributed to changes that reduced health inequities and inequities in the social and environmental determinants of health. The metrics are comprised of a measurement scale, examples of high scoring activities, potential data sources, and example interview questions to gather data and guide evaluators on scoring each metric.

  2. Equity, Economic Growth and Lifestyle

    DEFF Research Database (Denmark)

    Meyer, Niels I; Nørgaard, Jørgen; Hvelplund, Frede

    2011-01-01

    Consequences of global warming are appearing much faster than assumed just a few years ago and irreversible ”tipping points” are few years ahead [IPCC, James Hansen]. So far, strategies for mitigation of global warming have mostly been focusing on technological solutions e.g. renewable energy...... sources (RES) in the supply sector and energy efficiency in the demand sector. Much less attention has been given to potential changes in life style and to alternative economic and social systems. This chapter will focus on non-technological strategies for mitigation of global warming including...... such questions as national and international equity, “limits to growth”, alternative employment policies, military and security policy and alternatives to traditional GDP as the dominant indicator of welfare and of sound development....

  3. The Equity-Equality Conflict

    DEFF Research Database (Denmark)

    Scheuer, Steen

    2013-01-01

    This article investigatesthe factors that determine workplace actors’ appeal to social norms of fairness in some situations and what ‘fairness’ is perceived as consisting of. When is a pay level considered as relativity fair, and when is it not? When are contingent pay systems (i.e. pay-for-perfo......This article investigatesthe factors that determine workplace actors’ appeal to social norms of fairness in some situations and what ‘fairness’ is perceived as consisting of. When is a pay level considered as relativity fair, and when is it not? When are contingent pay systems (i.e. pay......-for-performance systems) perceived as fair and when are they not? When can differences in contribution (equity) overrule the social norm of equality? Which contingent reward structure should be applied for teamwork members, if any? Which structure to motivate employees to a continuous search for smarter working...

  4. Equity Theory Ratios as Causal Schemas

    Directory of Open Access Journals (Sweden)

    Alexios Arvanitis

    2016-08-01

    Full Text Available Equity theory approaches justice evaluations based on ratios of exchange inputs to exchange outcomes. Situations are evaluated as just if ratios are equal and unjust if unequal. We suggest that equity ratios serve a more fundamental cognitive function than the evaluation of justice. More particularly, we propose that they serve as causal schemas for exchange outcomes, that is, they assist in determining whether certain outcomes are caused by inputs of other people in the context of an exchange process. Equality or inequality of ratios in this sense points to an exchange process. Indeed, Study 1 shows that different exchange situations, such as disproportional or balanced proportional situations, create perceptions of give-and-take on the basis of equity ratios. Study 2 shows that perceptions of justice are based more on communicatively accepted rules of interaction than equity-based evaluations, thereby offering a distinction between an attribution and an evaluation cognitive process for exchange outcomes.

  5. Paving the Way For Private Equity

    Institute of Scientific and Technical Information of China (English)

    2007-01-01

    Since China fully opened its financial market on December 11 last year, a variety of foreign financial institutions have come to share in the blossoming Chinese market. Global private equity firms have also attached keen interest to this emerging market.

  6. Equity versus Warm Glow in Intergenerational Giving

    NARCIS (Netherlands)

    Sadrieh, A.

    2003-01-01

    In different treatments of an intergenerational common resource experiment, monetary payoff maximization by each generation causes either negative or positive externalities for future generations.Two behavioral types have been observed previously in single generation games: equity motivated

  7. Improvement of Educational Equity & Teacher Training

    Directory of Open Access Journals (Sweden)

    María J. Rodríguez

    2013-10-01

    Full Text Available Educational improvement for equity and professional teacher development are crucial issues concerning the essential right all students have of a good education. Firstly the article proposes a contextual reflection on improvement, some considerations related to well known traditions in the field and particularly the social justice and its relationships and implication for educational politics, curriculum, teaching, teacher and community. Secondly, it claims for the coherence of teacher professional development to educational equity. Different analysis and proposals are outlined related to policies and tasks the public administration should undertake and some dimensions of teacher education are considered attending educational equity criteria. Professional learning communities are described and valued as a hypothetical framework in order to improve equity and teacher education relationships.

  8. What Drives Private Equity Investments in Romania?

    Directory of Open Access Journals (Sweden)

    Precup Mihai

    2015-11-01

    Full Text Available This paper aims at presenting the determinants of private equity investments in Romania over the period 2000 - 2013. Additionally, this paper presents the main highlights in terms of evolution, source of funding and activities in which the private equity funds invested during the crisis. Starting from the existing literature, this paper extends the analysis of private equity drivers to Romanian market by including variables such as: economic growth, market capitalization, interest rate, unemployment rate and public R&D expenditure which were already tested in previous papers. In addition, this paper introduces new variables such us productivity and corruption index which we consider important factors in explaining the evolution of private equity investments in Romania.

  9. Measuring perinatal health equity and migration indicators for international comparisons.

    Science.gov (United States)

    Gagnon, Anita J; Small, Rhonda; Sarasua, Irene; Lang, Carly

    2015-01-01

    An international research collaboration answered, "Can equity in perinatal health for migrant women be measured for comparison across countries?" In nine countries, perinatal databases were assessed for the availability of equity indicators. Equity data were also sought from women and health records. Optimal sources of data differed depending on the migrant perinatal health equity indicator. Health and migration data, required to capture equity, were often not reported in the same location. Migration indicators other than country of birth were underreported. Perinatal health equity can be measured for international comparisons, although a standardized protocol is required to capture all indicators.

  10. Keynes, population, and equity prices.

    Science.gov (United States)

    Tarascio, V J

    1985-01-01

    Keynes in 1937 examined the phenomenon of the Great Depression from a longrun perspective in contradiction to the "General Theory," where the focus was on the shortrun. "Some Economic Consequences of a Declining Population," Keynes' article, reveals the context in which the "General Theory" was written. In the "General Theory," the focus is on short-term fluctuations, i.e., business cycles, but Keynes fails to provide any theoretical explanation as to why the depression of the 1930s was so severe and intractable. In the 1937 article, the depression is seen as the result of the combined effects of a decline in longrun growth due to population growth decline and a shortrun cyclical decline, together producing severe economic consequences. What is important for the purposes of this discussion is the implication, within the context of the 1937 article, that not only was the stock market crash of 1929 related to population change (with its accompanying collapse in expectations) but that, in general, changes in the rate of growth of population are accompanied by stock price movements in the same direction. The remainder of the discussion is devoted to a simple empirical test of this relationship. The data used are population size (POP), defined as the total residential population in the US from 1870-1979, and the Standard and Poor 500 Stock index (SP) for the corresponding 109-year period. In addition, a 3rd series was constructed, a price deflated Standard and Poor index (RSP) with a base period of 1870, to account for possible inflationary distortion of the index. The empirical results do not invalidate the hypothesis that population growth rates affect equity markets. In fact, there seems to be strong evidence that they are related in a manner suggestive of Keynes' intutition, namely, that the stock market crash of 1929 was due to factors more fundamental than those often perceived from a shortrun perspective. According to Keynes (1937), population is the most

  11. Slum Upgrading and Health Equity.

    Science.gov (United States)

    Corburn, Jason; Sverdlik, Alice

    2017-03-24

    Informal settlement upgrading is widely recognized for enhancing shelter and promoting economic development, yet its potential to improve health equity is usually overlooked. Almost one in seven people on the planet are expected to reside in urban informal settlements, or slums, by 2030. Slum upgrading is the process of delivering place-based environmental and social improvements to the urban poor, including land tenure, housing, infrastructure, employment, health services and political and social inclusion. The processes and products of slum upgrading can address multiple environmental determinants of health. This paper reviewed urban slum upgrading evaluations from cities across Asia, Africa and Latin America and found that few captured the multiple health benefits of upgrading. With the Sustainable Development Goals (SDGs) focused on improving well-being for billions of city-dwellers, slum upgrading should be viewed as a key strategy to promote health, equitable development and reduce climate change vulnerabilities. We conclude with suggestions for how slum upgrading might more explicitly capture its health benefits, such as through the use of health impact assessment (HIA) and adopting an urban health in all policies (HiAP) framework. Urban slum upgrading must be more explicitly designed, implemented and evaluated to capture its multiple global environmental health benefits.

  12. Urban planning and health equity.

    Science.gov (United States)

    Northridge, Mary Evelyn; Freeman, Lance

    2011-06-01

    Although the fields of urban planning and public health share a common origin in the efforts of reformers to tame the ravages of early industrialization in the 19th century, the 2 disciplines parted ways in the early 20th century as planners increasingly focused on the built environment while public health professionals narrowed in on biomedical causes of disease and disability. Among the unfortunate results of this divergence was a tendency to discount the public health implications of planning decisions. Given increasingly complex urban environments and grave health disparities in cities worldwide, urban planners and public health professionals have once again become convinced of the need for inclusive approaches to improve population health and achieve health equity. To make substantive progress, intersectoral collaboration utilizing ecological and systems science perspectives will be crucial as the solutions lie well beyond the control of any single authority. Grounded in the social determinants of health, and with a renewed sense of interconnectedness, dedicated and talented people in government agencies and communities who recognize that our future depends on cultivating local change and evaluating the results can come to grips with the enormous challenge that lies ahead to create more equitable, sustainable, and healthier cities worldwide.

  13. 22 CFR 17.4 - Equity and good conscience.

    Science.gov (United States)

    2010-04-01

    ... DISABILITY FUND UNDER THE FOREIGN SERVICE RETIREMENT AND DISABILITY SYSTEM (FSRDS) AND THE FOREIGN SERVICE PENSION SYSTEM (FSPS) § 17.4 Equity and good conscience. (a) Defined. Recovery is against equity and...

  14. The effect of sales promotions characteristics on brand equity

    National Research Council Canada - National Science Library

    Bahram Jabarzadeh Karbasi; Ali Jafari Rad

    2014-01-01

    .... One of the influential factors in this field is brand equity. Concerning this issue, the aim of this paper is to examine the effectiveness of sale promotions on the brand equity of ETKA chain stores...

  15. Framework for monitoring equity in access and health systems ...

    African Journals Online (AJOL)

    paper, proposes a framework for monitoring equity in access and health .... get additional data through in—depth and qualitative studies. Equity and health .... characteristics of HIV infected patients seeking care in relation to access to the Drug ...

  16. ACCOUNTING, TAX AND FINANCIAL APPROACHES CONCERNING THE CONCEPT OF EQUITY

    Directory of Open Access Journals (Sweden)

    Mihaela TULVINSCHI

    2016-12-01

    Full Text Available Substantiating the concept of equity is an issue of interest to specialists in accounting, taxation and finance. The purpose of this article is to present three of the sensitive issues generated by the concept of equity. One aspect considered is the demarcation of financial liabilities from the equity instruments. The distinction between equity and debt instruments is necessary because it has consequences on financial reporting. A second part of the study focuses on the fiscal side, trying to find the answer to the question: Are there deferred taxes recognized in equity? Deferred tax liabilities will be presented at the end of the year in equity and not debt, because they are related to gains recorded directly in equity. The third part of the article discusses the financial importance of equity, focusing on subscription and attribution rights as financial instruments used when raising capital. By creating subscription rights it is desired to obtain immediate funds needed to finance the entity.

  17. Mutual Fund Performances of Polish Domestic Equity Fund Managers 1

    National Research Council Canada - National Science Library

    Gözde Ünal; Ömer Faruk Tan

    2015-01-01

    .... A total of 14 equity fund managers' performances are analyzed. The study can be guiding especially for investors who are interested in Polish equity fund performances in a period where emerging stock markets outperformed with QE.

  18. ACCOUNTING, TAX AND FINANCIAL APPROACHES CONCERNING THE CONCEPT OF EQUITY

    Directory of Open Access Journals (Sweden)

    Mihaela TULVINSCHI

    2016-12-01

    Full Text Available Substantiating the concept of equity is an issue of interest to specialists in accounting, taxation and finance. The purpose of this article is to present three of the sensitive issues generated by the concept of equity. One aspect considered is the demarcation of financial liabilities from the equity instruments. The distinction between equity and debt instruments is necessary because it has consequences on financial reporting. A second part of the study focuses on the fiscal side, trying to find the answer to the question: Are there deferred taxes recognized in equity? Deferred tax liabilities will be presented at the end of the year in equity and not debt, because they are related to gains recorded directly in equity. The third part of the article discusses the financial importance of equity, focusing on subscription and attribution rights as financial instruments used when raising capital. By creating subscription rights it is desired to obtain immediate funds needed to finance the entity.

  19. Pay Equity Act, 17 May 1988.

    Science.gov (United States)

    1988-01-01

    This document contains major provisions of the 1988 Pay Equity Act of Prince Edward Island, Canada. (Nova Scotia enacted similar legislation in 1988.) This act defines "female-dominated class" or "male-dominated class" as a class with 60% or more female or male incumbents, respectively. The objective of this act is to achieve pay equity among public sector employers and employees by identifying systemic gender discrimination through a comparison of the relative wages and value of the work performed by female- and male-dominated classes. The value of work is to be determined by considering the skill, effort, and responsibility required by the work as well as the conditions under which it is performed. A difference in wages between a female- and male-dominated class performing work of equal or comparable value can be justified by a formal performance appraisal system or formal seniority system that does not discriminate on the basis of gender or by a skills shortage which requires a temporary inflation in wages to attract workers for a certain position. No wages shall be reduced to implement pay equity. Implementation of pay equity will include the work of bargaining agents to achieve agreement on salient points. Pay equity may be implemented in four stages over a period of 24 months.

  20. Equity market liberalization, credit constraints and income inequality

    OpenAIRE

    Sun, Puyang; Sen, Somnath; Jin, Shujing

    2012-01-01

    This paper provides compelling evidence that equity market liberalization, the most efficient way to smooth financial market frictions such as credit constraints, can alleviate persistent cross-dynastic income inequality through increasing the accumulation of human capital. We examine the impact of equity market liberalization on inequality by using the data of 72 countries during 1980-2006. The effect is robust to alternative measurements of equity market liberalization. Furthermore, equity ...

  1. Gender Equity and Mass Communication's Female Student Majority.

    Science.gov (United States)

    Golombisky, Kim

    2002-01-01

    Provides an overview of the history and politics of gender equity to make problematic the phrase "gender equity," to introduce the gender equity in education literature, and to outline some issues relevant to mass communication. Suggests that equal access represents a sex-blind approach dependent on a male standard. (SG)

  2. Value at risk, bank equity and credit risk

    OpenAIRE

    Broll, Udo; Wahl, Jack E.

    2003-01-01

    We study the implications of the value at risk concept for the bank's optimum amount of equity capital under credit risk. The market value of loans is risky and lognormally distributed. We show that the required equity capital depends upon managerial and market factors. Furthermore, the bank's equity and asset/liability management has to be addressed simultaneously by bank managers.

  3. 46 CFR 67.31 - Stock or equity interest requirements.

    Science.gov (United States)

    2010-10-01

    ... 46 Shipping 2 2010-10-01 2010-10-01 false Stock or equity interest requirements. 67.31 Section 67... VESSELS DOCUMENTATION OF VESSELS Citizenship Requirements for Vessel Documentation § 67.31 Stock or equity interest requirements. (a) The stock or equity interest requirements for citizenship under this...

  4. The Sublime Objects of Education Policy: Quality, Equity and Ideology

    Science.gov (United States)

    Clarke, Matthew

    2014-01-01

    Quality and equity are touchstones of education policy in the twenty-first century in a range of global contexts. On the surface, this seems fitting: after all, who could object to more quality and greater equity in education? Yet what do we mean by quality and equity, and how are they related? This paper draws on Lacanian psychoanalytic theory to…

  5. Brand Equity Evolution: a System Dynamics Model

    Directory of Open Access Journals (Sweden)

    Edson Crescitelli

    2009-04-01

    Full Text Available One of the greatest challenges in brand management lies in monitoring brand equity over time. This paper aimsto present a simulation model able to represent this evolution. The model was drawn on brand equity concepts developed by Aaker and Joachimsthaler (2000, using the system dynamics methodology. The use ofcomputational dynamic models aims to create new sources of information able to sensitize academics and managers alike to the dynamic implications of their brand management. As a result, an easily implementable model was generated, capable of executing continuous scenario simulations by surveying casual relations among the variables that explain brand equity. Moreover, the existence of a number of system modeling tools will allow extensive application of the concepts used in this study in practical situations, both in professional and educational settings

  6. Who cares about equity in the NHS?

    Science.gov (United States)

    Whitehead, M

    1994-05-14

    The concept of equity in relation to the National Health Service in Britain encompasses not one but at least eight distinct principles. Until the 1980s the NHS had a good record of incorporating these principles into practice. Throughout the 1980s, however, there has been a pronounced change, with the gradual introduction of business values into the service, culminating in the market based reforms of the 1990s. Several recent policies seem to be taking the NHS away from the goal of an equitable system--for example, the new arrangements for community care and the incentives within contracting to select patients on financial grounds. To restore equity as a value demands priority for ethical values, monitoring of policies for their effects on equity, some national planning, and a new debate about the entitlement to services such as continuing care.

  7. Investigating of Brand Equity on Hospital Image

    Directory of Open Access Journals (Sweden)

    Maryam Karbalaei

    2013-10-01

    Full Text Available This study identifies five factors that influence the creation of brand equity through successful customer relationships: trust, customer satisfaction, relationship commitment, brand loyalty and brand awareness. An empirical test of the relationships among these factors suggests that hospitals can be successful in creating image and positive brand equity if they can manage their customer relationships well. The subjects were 318 customers of hospitals in Tehran area. Structural Equation Modeling (SEM with Lisrel software was used for the data analysis. Results from the research hypothesis testing suggest the following information. First, the study found that trust, customer satisfaction and relationship commitment all had a positive influence on brand loyalty and brand awareness. And brand equity, trust, customer satisfaction and relationship commitment also had a significant positive influence on hospital image. All of hypothesis is supported.

  8. Country brand equity model: Sustainability perspective

    Directory of Open Access Journals (Sweden)

    Teodorović Milivoj

    2016-01-01

    Full Text Available This paper proposes a model of country brand equity that incorporates the issue of sustainability in determining destination brand equity. In particular, the model includes elements of sustainability as its core dimensions and promotes the concept of the country sustainability promise that transforms destination resources into the positive perception and experience. The theoretical model is empirically tested using global secondary data confirming that country image is the most important element followed by sustainability and loyalty. Also, the analysis suggests the existence of the higher order construct confirming the country brand equity concept. Based on the research findings, the article offers some implications to the destination managers by suggesting the direction for further development and strategy implementation.

  9. Net worth and housing equity in retirement

    OpenAIRE

    Sinai, Todd; Nicholas S. Souleles

    2007-01-01

    This paper documents the trends in the life-cycle profiles of net worth and housing equity between 1983 and 2004. The net worth of older households significantly increased during the housing boom of recent years. However, net worth grew by more than housing equity, in part because other assets also appreciated at the same time. Moreover, the younger elderly offset rising house prices by increasing their housing debt, and used some of the proceeds to invest in other assets. We also consider ho...

  10. Equity Concerns over Climate Change Mitigation

    Institute of Scientific and Technical Information of China (English)

    Chen Ying; Pan Jiahu

    2004-01-01

    As a complicated concept with ethical implications, equity or fairness in the field of climate change mitigation concerns the relations not only between individual human beings but also between human beings and the nature. In this paper, after the review of equity between individuals, market and non-market attributes of emissions rights are distinguished and discussed. Based on the argument of equal per capita emissions rights, three types of emissions rights and the concept of minimum emissions rights as social security are proposed.

  11. How well does consumer-based brand equity align with sales-based brand equity and marketing mix response?

    NARCIS (Netherlands)

    Datta, Hannes; Ailawadi, Kusum L.; van Heerde, H.J.

    Brand equity is the differential preference and response to marketing effort that a product obtains because of its brand identification. Brand equity can be measured based on either consumer perceptions or on sales. Consumer-based brand equity (CBBE) measures what consumers think and feel about the

  12. How well does consumer-based brand equity align with sales-based brand equity and marketing mix response?

    NARCIS (Netherlands)

    Datta, Hannes; Ailawadi, Kusum L.; van Heerde, H.J.

    2016-01-01

    Brand equity is the differential preference and response to marketing effort that a product obtains because of its brand identification. Brand equity can be measured based on either consumer perceptions or on sales. Consumer-based brand equity (CBBE) measures what consumers think and feel about the

  13. How well does consumer-based brand equity align with sales-based brand equity and marketing mix response?

    NARCIS (Netherlands)

    Datta, Hannes; Ailawadi, Kusum L.; van Heerde, H.J.

    2017-01-01

    Brand equity is the differential preference and response to marketing effort that a product obtains because of its brand identification. Brand equity can be measured based on either consumer perceptions or on sales. Consumer-based brand equity (CBBE) measures what consumers think and feel about the

  14. Weight Management

    Science.gov (United States)

    ... Anger Weight Management Weight Management Smoking and Weight Healthy Weight Loss Being Comfortable in Your Own Skin Your Weight Loss Expectations & Goals Healthier Lifestyle Healthier Lifestyle Physical Fitness Food & Nutrition Sleep, Stress & Relaxation Emotions & Relationships HealthyYouTXT ...

  15. Relationship between Major Developed Equity Markets and Major Frontier Equity Markets of World

    OpenAIRE

    Muhammad Mansoor Baig; Muhammad Bilal; Waheed Aslam

    2016-01-01

    The core aim of this study is to compute the long run relationship between frontier equity markets Pakistan (KSE 100 Index), Argentina (MERVAL BUENOS AIRES) stock Exchange, NSE.20 (Kenya), MSM 30 (MSI) Oman and equity markets of developed world (OMXS30) Sweden, SMI (Switzerland), SSE Composite Index (China) and STI index (Singapore) by taking weekly values from stock return prices for the period 1st week of January-2000 to last week of January/2014. Descriptive statistic, Corre...

  16. Equity trade-offs in conservation decision making.

    Science.gov (United States)

    Law, Elizabeth A; Bennett, Nathan J; Ives, Christopher D; Friedman, Rachel; Davis, Katrina J; Archibald, Carla; Wilson, Kerrie A

    2017-09-01

    Conservation decisions increasingly involve multiple environmental and social objectives, which result in complex decision contexts with high potential for trade-offs. Improving social equity is one such objective that is often considered an enabler of successful outcomes and a virtuous ideal in itself. Despite its idealized importance in conservation policy, social equity is often highly simplified or ill-defined and is applied uncritically. What constitutes equitable outcomes and processes is highly normative and subject to ethical deliberation. Different ethical frameworks may lead to different conceptions of equity through alternative perspectives of what is good or right. This can lead to different and potentially conflicting equity objectives in practice. We promote a more transparent, nuanced, and pluralistic conceptualization of equity in conservation decision making that particularly recognizes where multidimensional equity objectives may conflict. To help identify and mitigate ethical conflicts and avoid cases of good intentions producing bad outcomes, we encourage a more analytical incorporation of equity into conservation decision making particularly during mechanistic integration of equity objectives. We recommend that in conservation planning motivations and objectives for equity be made explicit within the problem context, methods used to incorporate equity objectives be applied with respect to stated objectives, and, should objectives dictate, evaluation of equity outcomes and adaptation of strategies be employed during policy implementation This article is protected by copyright. All rights reserved. This article is protected by copyright. All rights reserved.

  17. Modelling home equity conversion loans with life insurance models

    Directory of Open Access Journals (Sweden)

    Baškot Bojan

    2013-01-01

    Full Text Available Home equity represents a reserve that can be used for providing additional money for its owners during their retirement. Life insurance models can be successfully applied to model home equity conversion loans. The home equity conversion loan is a financial product that provides a certain flexibility by using home equity as a resource for a quality life during retirement. Home equity conversion loans do not have a predetermined maturity date, as do conventional loans. But, like every loan, it must be repaid. One potential advantage of using a home equity conversion loan during tough financial times instead of some types of need-based assistance is that eligibility is straightforward. Home equity conversion loans can be useful tools in the process of pension system reform.

  18. Empirical Study on Customer Equity of the Pesticide Industry

    Institute of Scientific and Technical Information of China (English)

    Anqi ZHAO; Yucheng HE; Shuang CAO

    2016-01-01

    The focus of modern marketing has shifted from products and enterprise level of traditional marketing to customer level,and customer equity is receiving closer attention. No. 1 document of central government proposed innovating agricultural production and operation system and establishing new agricultural business entities. Seizing these customers becomes a great challenge for pesticide enterprises in the new trend. Therefore,pesticide enterprises need to find out key factors driving customer equity,so as to carry out pertinent marketing and grab the maximum market share. Based on the first-hand survey data,this paper analyzed the influence of value equity,brand equity and relation equity on customer equity by factor analysis and structural equation analysis. It found that the relation equity has the highest driving effect,especially training,community building and visiting experience. Finally,it came up with some recommendations to make pertinent marketing.

  19. Where Discipline and Racial Equity Intersect

    Science.gov (United States)

    Colbert, Kimberly

    2016-01-01

    This article describes how "Courageous Conversations" workshops have assisted teachers charged with training colleagues in how to talk about racism with students and with each other, and how to do something about it. Such professional development around equity issues often includes personal reflection and discussion with colleagues about…

  20. Social Design Experiments: Toward Equity by Design

    Science.gov (United States)

    Gutiérrez, Kris D.; Jurow, A. Susan

    2016-01-01

    In this article, we advance an approach to design research that is organized around a commitment to transforming the educational and social circumstances of members of non-dominant communities as a means of promoting social equity and learning. We refer to this approach as social design experimentation. The goals of social design experiments…

  1. Addressing Gender Equity in Nonfaculty Salaries.

    Science.gov (United States)

    Toukoushian, Robert K.

    2000-01-01

    Discusses methodology of gender equity studies on noninstructional employees of colleges and universities, including variable selection in the multiple regression model and alternative approaches for measuring wage gaps. Analysis of staff data at one institution finds that experience and market differences account for 80 percent of gender pay…

  2. Status Characteristics, Reward Allocation, and Equity

    Science.gov (United States)

    Parcel, Toby L.; Cook, Karen S.

    1977-01-01

    The relationship between a group's power and prestige or status hierarchy and group members' patterns of reward allocation was investigated. The addition of evidence concerning actual task performance results in the alignment of reward and status rankings and encourages the use of distribution rules stressing equity as opposed to equality.…

  3. Housing equity, residential mobility and commuting

    DEFF Research Database (Denmark)

    Bloze, Gintautas; Skak, Morten

    2016-01-01

    Highly productive economies require a flexible labor force with workers that move in accordance with the changing demand for goods and services. In times with falling housing prices, the mobility of home owning workers may be hampered by a lock-in effect of low or even negative housing equity. Th...

  4. The Information Age vs. Gender Equity.

    Science.gov (United States)

    Hildebrand, Suzanne

    1999-01-01

    Considers gender equity in libraries and library education, particularly the identification of men with information science experience involving computers. Discusses the history of gender imbalance in library education; computers and gender; changes in library education; demographic implications of curriculum changes; the use of adjuncts; library…

  5. PARTNERSHIPS FOR GENDER EQUITY IN NIGERIAN ...

    African Journals Online (AJOL)

    UDS-CAPTURED

    responsibilities, attitudes and behaviour of men as well as women and new and active roles for men in the .... In addition, northern compared to southern states have lower female ..... The journey to gender equity and equality in our universities ...

  6. Skill and Luck in Private Equity Performance

    DEFF Research Database (Denmark)

    Korteweg, Arthur; Sørensen, Morten

    2017-01-01

    Private equity (PE) performance is persistent, with PE firms consistently producing high (or low) net-of-fees returns. We use a new variance decomposition model to isolate three components of persistence. We find high long-term persistence: the spread in expected net-of-fee future returns between...

  7. Addressing Gender Equity in Nonfaculty Salaries.

    Science.gov (United States)

    Toukoushian, Robert K.

    2000-01-01

    Discusses methodology of gender equity studies on noninstructional employees of colleges and universities, including variable selection in the multiple regression model and alternative approaches for measuring wage gaps. Analysis of staff data at one institution finds that experience and market differences account for 80 percent of gender pay…

  8. Option-implied measures of equity risk

    DEFF Research Database (Denmark)

    Chang, Bo-Young; Christoffersen, Peter; Vainberg, Gregory;

    2012-01-01

    Equity risk measured by beta is of great interest to both academics and practitioners. Existing estimates of beta use historical returns. Many studies have found option-implied volatility to be a strong predictor of future realized volatility. We find that option-implied volatility and skewness a...... able to reflect sudden changes in the structure of the underlying company....

  9. Illiquidity Premia in the Equity Options Market

    DEFF Research Database (Denmark)

    Christoffersen, Peter; Goyenko, Ruslan; Jacobs, Kris

    Illiquidity is well-known to be a significant determinant of stock and bond returns. We are the first to estimate illiquidity premia in equity option markets using effective spreads for a large cross-section of firms. The risk-adjusted return spread for illiquid over liquid options is 23 bps per ...

  10. Illiquidity Premia in the Equity Options Market

    DEFF Research Database (Denmark)

    Christoffersen, Peter; Goyenko, Ruslan; Jacobs, Kris

    Illiquidity is well-known to be a significant determinant of stock and bond returns. We report on illiquidity premia in the equity options market. An increase in option illiquidity decreases the current option price and implies higher expected option returns. This effect is statistically and econ...

  11. Volatility Spillover Effects in European Equity Markets

    NARCIS (Netherlands)

    Baele, L.

    2003-01-01

    This paper quantifies the magnitude and time-varying nature of volatility spillovers from the aggregate European (EU) and US market to 13 local European equity markets.I develop a shock spillover model that decomposes local unexpected returns into a country speciffic shock, a regional European shock

  12. 76 FR 6774 - Equity and Excellence Commission

    Science.gov (United States)

    2011-02-08

    ... Equity and Excellence Commission AGENCY: Office for Civil Rights, Department of Education. ACTION: Notice... view this document, as well as all other documents of this Department published in the Federal Register...: Russlynn Ali, Assistant Secretary, Office for Civil Rights. BILLING CODE 4000-01-P...

  13. Achieving Equity: New Ideas for Teacher Education

    Science.gov (United States)

    Davis, Brent; Sumara, Dennis

    2011-01-01

    The route to greater equity in education is tied to a clearer understanding of learning theory, including current research findings that are "game changers" for educators. These "game changers" include rapidly evolving definitions of "learning" and "learners"; an understanding that intelligence and ability are more learned than bestowed; a…

  14. Market impact costs of institutional equity trades

    NARCIS (Netherlands)

    Bikker, Jacob A.; Spierdijk, Laura; van der Sluis, Pieter Jelle

    2007-01-01

    This article analyzes market impact costs of equity trading by one of the world's largest pension funds. We find that, on average, these costs are small in terms of market disruption, but substantial in terms of costs for the pension fund. Average market impact costs equal 20 basis points for buys a

  15. Intergenerational equity and dynamic duality principles

    Directory of Open Access Journals (Sweden)

    Hirofumi Uzawa

    2002-01-01

    Full Text Available The concept of intergenerational equity concerning intertemporal paths of consumption and capital accumulation is introduced and the analysis of the dynamic processes of capital accumulation and changes in environmental quality that are intergenerationally equitable is developed. The analysis is based upon the dynamic duality principles, as originally developed by Koopmans and Uzawa, and later extended to the case involving environmental quality.

  16. Measuring the Equity of School Finance Systems.

    Science.gov (United States)

    Garms, Walter I.

    1979-01-01

    Presents a new method of measuring the adequacy and equity of school finance systems using the multiple regression technique. It enables the separation of provisions for differences in district wealth from differences in tax rate, and of both of these from the differences in provision for needs and costs. (Author/IRT)

  17. What does equity in health mean?

    Science.gov (United States)

    Mooney, G

    1987-01-01

    The author posits some ethical concerns and theories of distribution in order to gain some insight into the meaning of equity in health, as referred to in WHO documents. It is pointed out that the lack of clarity in the WHO positions is evidenced by examining 1) the European strategy document, which focuses on giving equal health to all and equity access to health care, and 2) the Global Strategy for Health, which talks about reducing inequality and health as a human right. The question raised in document 1 is whether more equal sharing of health might mean less health for the available quantity of resources. The question raised in document 2 is whether there is a right to health per se. The question is how does one measure health policy effects. Health effects are different for an 8-year-old girl and an octogenarian. How does one measure the fairness of access to health care in remote mountain villages versus an urban area? Is equal utilization which is more easily measured comparable to equal need as a measure? How does one distribute doctors equitably? The author espouses the determinant of health as Aday's illness and health promotion, which is not biased by class and controversy. The Aday definition embraces both demand and need, although his definition is still open to question. Concepts of health with distinction between need and demand are made. Theories of Veatch which relate to distributive justice and equity in health care are provided as entitlement theory (market forces determine allocation of resources), utilitarianism (greatest good for the greatest number regardless of redistribution issues), maximum theory (maximize the minimum position or giver priority to the least well off), and equality (fairness in distribution). Different organizational and financing structures will influence the approach to equity. The conclusion is that equity is a value laden concept which has no uniquely correct definition. 5 theories of equity in distribution of health

  18. Urban environmental health hazards and health equity.

    Science.gov (United States)

    Kjellstrom, Tord; Friel, Sharon; Dixon, Jane; Corvalan, Carlos; Rehfuess, Eva; Campbell-Lendrum, Diarmid; Gore, Fiona; Bartram, Jamie

    2007-05-01

    This paper outlines briefly how the living environment can affect health. It explains the links between social and environmental determinants of health in urban settings. Interventions to improve health equity through the environment include actions and policies that deal with proximal risk factors in deprived urban areas, such as safe drinking water supply, reduced air pollution from household cooking and heating as well as from vehicles and industry, reduced traffic injury hazards and noise, improved working environment, and reduced heat stress because of global climate change. The urban environment involves health hazards with an inequitable distribution of exposures and vulnerabilities, but it also involves opportunities for implementing interventions for health equity. The high population density in many poor urban areas means that interventions at a small scale level can assist many people, and existing infrastructure can sometimes be upgraded to meet health demands. Interventions at higher policy levels that will create more sustainable and equitable living conditions and environments include improved city planning and policies that take health aspects into account in every sector. Health equity also implies policies and actions that improve the global living environment, for instance, limiting greenhouse gas emissions. In a global equity perspective, improving the living environment and health of the poor in developing country cities requires actions to be taken in the most affluent urban areas of the world. This includes making financial and technical resources available from high-income countries to be applied in low-income countries for urgent interventions for health equity. This is an abbreviated version of a paper on "Improving the living environment" prepared for the World Health Organization Commission on Social Determinants of Health, Knowledge Network on Urban Settings.

  19. Corporate Negative Equity: The Evidence from the European Union

    Directory of Open Access Journals (Sweden)

    Natalia Mokhova

    2016-01-01

    Full Text Available After the Global Financial Crisis the frequency of reported losses of companies has increased significantly in countries of the European Union. Moreover, the financial leverage of companies have increased and even exceeded 100% in several countries. The reason of this development is negative equity that companies find themselves to report. At first sight negative equities are caused by accumulated losses from prior periods. However, there are some other reasons that can result in increasing negative equities in companies. They remain adequate as long as a company is able to pay its bills. Nevertheless, a company with negative equity is exposed to risks. This paper investigates whether the corporate negative equity is a sign of the future failure of a company. We examine non-financial manufactured companies from selected countries of the European Union within the period 2005–2012 from database Amadeus (Czech Republic, Slovakia, Hungary, Poland and Germany. By the means of comparison between negative and positive equities we applied descriptive statistics and Pearson correlation analysis. We find that in all surveyed countries the size positively influences the equity of companies. Other factors as profitability and growth opportunities do not influence the corporate equity. In addition the binary logistic regression analysis has been conducted based on the evidence from Czech companies. Our results indicate that negative equities are not a sign of bankruptcy or insolvency of a company. But the low profitability or low business activities (that are predictors of bankruptcy might lead to negative equities in the balance sheet.

  20. Analyzing the Effect of Customer Equity on Repurchase Intentions

    Directory of Open Access Journals (Sweden)

    Ali Kazemi

    2013-06-01

    Full Text Available Recently there is a shift in the interest of managers and researchers from a traditional focus on product management to a more recent focus on customer equity that considers customers as the most important company’s asset. The current exploratory study examine the relationships among value equity, brand equity, relationship equity, attitude, subjective norms, perceived behavioral control and repurchase intentions through a structural equation model . For the purposes of this study, questionnaires were distributed to a randomly selected group of 200 customers of Fast food unit of Kalleh Company that are divided into three groups included fast foods, restaurants and coffee shops in Isfahan city. A total of 190 responses were received. Of these, ten (10 responses had to be discarded due to invalid or incomplete data entries. Thus the sample comprising of a total of 180 respondents was used for analysis. The data was analyzed by AMOS software. As for repurchase intentions, value equity had significant positive effects indirectly via perceived behavioral control, while brand equity and relationship equity had no significant influences. In addition, The results indicate that the effects of value, brand and relationship equity on attitude are positive and significant, while subjective norms are influenced by value equity and relationship equity. The perceived behavioral control is just influenced by value equity. Attitude and subjective norms have no significant influence on repurchase intentions, while perceived behavioral control has positive effect on them. Therefore, value equity emerges as the strongest driver of customer equity that effects repurchase intentions indirectly through perceived behavioral control. The findings of this study can enable many businesses like distribution companies to forecast the customers repurchase intentions more accurately and provide a guide to managing their assets and marketing activities as well.

  1. Understanding the cost bases of Space Shuttle pricing policies for commercial and foreign customers

    Science.gov (United States)

    Stone, Barbara A.

    1984-01-01

    The principles and underlying cost bases of the 1977 and 1982 Space Shuttle Reimbursement Policies are compared and contrasted. Out-of-pocket cost recovery has been chosen as the base of the price for the 1986-1988 time period. With this cost base, it is NASA's intent to recover the total cost of consumables and the launch and flight operations costs added by commercial and foreign customers over the 1986-1988 time period. Beyond 1988, NASA intends to return to its policy of full cost recovery.

  2. EQUITY EVALUATION OF PADDY IRRIGATION WATER DISTRIBUTION BY SOCIETY-JUSTICE-WATER DISTRIBUTION RULE HYPOTHESIS

    Science.gov (United States)

    Tanji, Hajime; Kiri, Hirohide; Kobayashi, Shintaro

    When total supply is smaller than total demand, it is difficult to apply the paddy irrigation water distribution rule. The gap must be narrowed by decreasing demand. Historically, the upstream served rule, rotation schedule, or central schedule weight to irrigated area was adopted. This paper proposes the hypothesis that these rules are dependent on social justice, a hypothesis called the "Society-Justice-Water Distribution Rule Hypothesis". Justice, which means a balance of efficiency and equity of distribution, is discussed under the political philosophy of utilitarianism, liberalism (Rawls), libertarianism, and communitarianism. The upstream served rule can be derived from libertarianism. The rotation schedule and central schedule can be derived from communitarianism. Liberalism can provide arranged schedule to adjust supply and demand based on "the Difference Principle". The authors conclude that to achieve efficiency and equity, liberalism may provide the best solution after modernization.

  3. EQUITY EVALUATION OF PADDY IRRIGATION WATER DISTRIBUTION BY SOCIETY-JUSTICE-WATER DISTRIBUTION RULE HYPOTHESIS

    Science.gov (United States)

    Tanji, Hajime; Kiri, Hirohide; Kobayashi, Shintaro

    When total supply is smaller than total demand, it is difficult to apply the paddy irrigation water distribution rule. The gap must be narrowed by decreasing demand. Historically, the upstream served rule, rotation schedule, or central schedule weight to irrigated area was adopted. This paper proposes the hypothesis that these rules are dependent on social justice, a hypothesis called the "Society-Justice-Water Distribution Rule Hypothesis". Justice, which means a balance of efficiency and equity of distribution, is discussed under the political philosophy of utilitarianism, liberalism (Rawls), libertarianism, and communitarianism. The upstream served rule can be derived from libertarianism. The rotation schedule and central schedule can be derived from communitarianism. Liberalism can provide arranged schedule to adjust supply and demand based on "the Difference Principle". The authors conclude that to achieve efficiency and equity, liberalism may provide the best solution after modernization.

  4. Stakeholders in Equity-Based Crowdfunding: Respective Risks Over the Equity Crowdfunding Lifecycle

    Directory of Open Access Journals (Sweden)

    Semen Son Turan

    2015-08-01

    Full Text Available Objective. The purpose of this paper is to present a thorough research on the risk categories and specific risk factors that each immediate stakeholder faces over the equity crowdfunding lifecycle.Methodology. This study employs an exploratory approach, supported by current data to understand the global equity crowdfunding setting and the stakes for major players.Findings. Findings show that, although equity crowdfunding, can be a unique opportunity especially for underdeveloped countries and SMEs who have difficulty obtaining funding elsewhere, is also a potential peril for those who ignore or underestimate the overall and stand-alone risks that come along with each stage of the process. The findings have implications for all ventures seeking alternative financing venues, investors and equity crowdsourcing platforms. Furthermore, they pinpoint potential areas of further investigation for researchers and policy makers.Originality/Value. This study differentiates itself from the limited number of papers on equity crowdfunding, as a newly developing field of academic research, in that it underscores financial, regulatory, operational, reputational and strategic risks from several perspectives and offers recommendations on how these risks can be addressed.

  5. International portfolio diversification: United States and south Asian equity markets

    Directory of Open Access Journals (Sweden)

    Mushtaq Rizwan

    2014-01-01

    Full Text Available This paper explores the dynamic liaison between US and three developing South Asian equity markets in short and long term. To gauge the long-term relationship, we applied Johansen co-integration procedure as all the representative indices are found to be non-stationary at level. The findings illustrate that the US equity market index exhibits a reasonably different movement over time in contrast to the three developing equity markets under consideration. However, the Granger-causality test divulge that the direction of causality scamper from US equity market to the three South Asian markets. It further indicates that within the three developing equity markets the direction of causality emanates from Bombay stock market to Karachi and Colombo. Overall, the results of the study suggest that the American investors can get higher returns through international diversification into developing equity markets, while the US stock market would also be a gainful upshot for South Asian investors.

  6. DETERMINANTS OF BRAND EQUITY: AN EMPIRICAL STUDY OF IT INDUSTRY

    Directory of Open Access Journals (Sweden)

    Muhammad Fahid MUQADDAS

    2016-12-01

    Full Text Available The performance of any brand can be measured by many methods. One of the widely used ways to calculate brand performance is through brand equity. Brand equity can be observed by customer’s perspective as well as financial perspective. This research paper investigates the impact of advertising and promotion, research and development (RD and profitability (return on assets on brand equity. In this research paper data is used from 20 international IT brands for a period of 5 years from 2011 to 2015. The results show that advertising and promotion and profitability have statistically significant impact on brand equity whereas RD doesn’t make significant impact on brand equity. Based on the findings, it is observed that advertising is having the strongest impact on brand equity.

  7. Performance Persistence of Equity Funds in Hungary

    Directory of Open Access Journals (Sweden)

    Dariusz Filip

    2011-03-01

    Full Text Available This study examines the phenomenon of performance persistence of equity funds in Hungary in two time perspectives: 1-year and 6-month perspectives. The empirical results confirm the occurrence of performance dependence in consecutive periods. There is also a strong evidence of short-term persistence in the total horizon of the study (from the beginning of 2000 to the end of 2009, and in several sub-periods. The 1-year persistence was also found in the tested sample and, in general, depended on the measure applied. Furthermore, I observed performance reversal, which can be partly explained by trend changes in the financial markets. The persistence of equity funds performance in Hungary is shaped by market factors rather than the diversity of managerial characteristics.

  8. Private Equity, Layoffs, and Job Polarization

    OpenAIRE

    2015-01-01

    Although private equity firms are often criticized for layoffs, little evidence exists regarding which employees lose their jobs and why. We argue that explanations for the job polarization process can also explain layoffs after buyouts. Buyouts reduce agency problems, which triggers automation, offshoring, and tougher bargaining with labor unions. We show that workers in less productive firms who perform routine or offshorable job tasks are more likely to lose their jobs. The opposite trend ...

  9. Health Equity in a Trump Administration.

    Science.gov (United States)

    Stone, Deborah

    2017-10-01

    Donald Trump's rhetoric and leadership are destroying the "culture of community" necessary for progress on health equity. His one-line promises to provide "quality health care at a fraction of the cost" smack of neoliberal nostrums that shifted ever more costs onto patients, thereby preventing many people from getting care. The dangers of Trump go far beyond health policy, however; Trump's presidency threatens the political and cultural institutions that make any good policy possible. Copyright © 2017 by Duke University Press.

  10. Decomposing European bond and equity volatility

    DEFF Research Database (Denmark)

    Christiansen, Charlotte

    The paper investigates volatility spillover from US and aggregate European asset markets into European national asset markets. A main contribution is that bond and equity volatilities are analyzed simultaneously. A new model belonging to the "volatilityspillover" family is suggested: The conditio...... (stock) volatilities are mainly influenced by bond (stock) effects. Global, regional, and local volatility effects are all important. The introduction of the euro is associated with a structural break....

  11. Equity Effects of Road Pricing, A Review

    OpenAIRE

    David Levinson

    2009-01-01

    Are road pricing strategies regressive or progressive? This is a question that has been confronting researchers, practitioners, and policy-makers who seek to implement new mechanisms to raise funds for transportation while simultaneously managing demand. The theoretical literature is mixed, as is the empirical literature. In part this has to do with the various types of road pricing strategies that are being debated, different definitions of equity, and alternative assumptions about revenue r...

  12. FOMC communication and emerging equity markets

    OpenAIRE

    Hayo, Bernd; Ali M. Kutan; Neuenkirch, Matthias

    2009-01-01

    Using a GARCH model, we study the effects of Federal Funds target rate changes and FOMC communication on emerging equity market returns and volatility over the period 1998–2006. First, both types of news have a significant impact on market returns. Second, target rate changes are more important than informal communication. Third, the occurrence of monetary policy reports lowers price volatility. Finally, American emerging markets react more to U.S. news than non-American markets.

  13. Improvement of Educational Equity & Teacher Training

    OpenAIRE

    2013-01-01

    Educational improvement for equity and professional teacher development are crucial issues concerning the essential right all students have of a good education. Firstly the article proposes a contextual reflection on improvement, some considerations related to well known traditions in the field and particularly the social justice and its relationships and implication for educational politics, curriculum, teaching, teacher and community. Secondly, it claims for the coherence of teacher profess...

  14. Globalisation and schooling: equity and access issues

    Science.gov (United States)

    Zajda, Joseph

    2011-03-01

    This review essay focuses on the prominence given to globalisation and discourses of globalisation in education reforms and pedagogy, as well as the way conceptual thinking in this area has changed and developed, due to competing ideologies, forces of globalisation and political, economic and cultural transformations. It analyses and evaluates the shifts in methodological approaches to globalisation and its effects on education policy and pedagogy. It focuses on forces of globalisation, ideology, social inequality and implications for equity and access to quality education.

  15. Networks of equities in financial markets

    Science.gov (United States)

    Bonanno, G.; Caldarelli, G.; Lillo, F.; Miccichè, S.; Vandewalle, N.; Mantegna, R. N.

    2004-03-01

    We review the recent approach of correlation based networks of financial equities. We investigate portfolio of stocks at different time horizons, financial indices and volatility time series and we show that meaningful economic information can be extracted from noise dressed correlation matrices. We show that the method can be used to falsify widespread market models by directly comparing the topological properties of networks of real and artificial markets.

  16. Cooperate! A paradigm shift for health equity.

    Science.gov (United States)

    Chang, Wei-Ching; Fraser, Joy H

    2017-02-21

    The role of competition and cooperation in relation to the goal of health equity is examined in this paper. The authors explain why the win-lose mentality associated with avoidable competition is ethically questionable and less effective than cooperation in achieving positive outcomes, particularly as it relates to health and health equity. Competition, which differentiates winners from losers, often with the winner-takes-all reward system, inevitably leads to a few winners and many losers, resulting in social inequality, which, in turn, engenders and perpetuates health inequity.Competitive market-driven approaches to healthcare-brought about by capitalism, neo-liberalization, and globalization, based primarily on a competitive framework-are shown to have contributed to growing inequities with respect to the social determinants of health, and have undermined equal opportunity to access health care and achieve health equity. It is possible to redistribute income and wealth to reduce social inequality, but globalization poses increasing challenges to policy makers. John Stuart Mill provided a passionate, philosophical defense of cooperatives, followed by Karl Polanyi who offered an insightful critique of both state socialism and especially the self-regulating market, thereby opening up the cooperative way of shaping the future. We cite Hannah Arendt's "the banality of evil" to characterize the tragic concept of "ethical fading" witnessed in business and everyday life all over the world, often committed (without thinking and reflecting) by ordinary people under competitive pressures.To promote equity in health for all, we recommend the adoption of a radically new cooperation paradigm, applied whenever possible, to everything in our daily lives.

  17. Equity in Health Care Expenditure in Nigeria

    Directory of Open Access Journals (Sweden)

    Olanrewaju Olaniyan

    2013-07-01

    Full Text Available Equity isone of the basic principles of health systems and features explicitly in theNigerian health financing policy. Despite acclaimed commitment to theimplementation of this policy through various pro-poor health programmes andinterventions, the level of inequity in health status and access to basichealth care interventions remain high. This paper examines the equity of healthcare expenditure by individuals in Nigeria. The paper evaluated equity in out-of-pocketspending( OOP for the country and separately for the six geopolitical zones ofthe country.The methodological framework rests onKakwani Progressivity Indices (KPIs, ReynoldSmolensky indices andconcentration indices (CIs using data from the 2004 Nigerian National LivingStandard Survey( NLSS collected by the National Bureau of Statistics. .The results reveal that health financing isregressive with the incidence disproportionately rest on poor households withabout 70% of the total expenditure on health is through out-of-pocket paymentsby households. Poor households are prone to bear most of the expenses in theevent of any health shock. The catastrophic consequences thus push some intopoverty, and aggravate the poverty of others.The paper therefore suggests that thecountry’s health financingsystems must be designed not only to allow people to access services when theyare needed, but must also protect household, from financial catastrophe, byreducing OOP spending through risk pooling and prepayment schemes within thehealth system.Keywords:                            Equity, Health careexpenditure, Kakwani progressivity index, Nigeria.

  18. Portfolio Optimization of Equity Mutual Funds—Malaysian Case Study

    OpenAIRE

    Adem Kılıçman; Jaisree Sivalingam

    2010-01-01

    We focus on the equity mutual funds offered by three Malaysian banks, namely Public Bank Berhad, CIMB, and Malayan Banking Berhad. The equity mutual funds or equity trust is grouped into four clusters based on their characteristics and categorized as inferior, stable, good performing, and aggressive funds based on their return rates, variance and treynor index. Based on the cluster analysis, the return rates and variance of clusters are represented as triangular fuzzy numbers in order to refl...

  19. Customer based brand equity: evidence from the hotel industry

    OpenAIRE

    Kayaman, Rüçhan; Araslı, Hüseyin

    2007-01-01

    The paper aims to explore interrelations of the four brand equity components; brand awareness, brand loyalty, perceived quality and brand image in hotel industry and improve the conceptualization of customer-based hotel brand equity. The paper is based on the recommendations of previous studies, the scale constructed to measure consumer-based brand equity included brand awareness, brand loyalty, perceived quality and brand image. The present study used a sample of 345 actual customers from 11...

  20. Equity in health care utilization in Chile

    Science.gov (United States)

    2013-01-01

    One of the most extensive Chilean health care reforms occurred in July 2005, when the Regime of Explicit Health Guarantees (AUGE) became effective. This reform guarantees coverage for a specific set of health conditions. Thus, the purpose of this study is to provide timely evidence for policy makers to understand the current distribution and equity of health care utilization in Chile. The authors analyzed secondary data from the National Socioeconomic Survey (CASEN) for the years 1992–2009 and the 2006 Satisfaction and Out-of-Pocket Payment Survey to assess equity in health care utilization using two different approaches. First, we used a two-part model to estimate factors associated with the utilization of health care. Second, we decomposed income-related inequalities in medical care use into contributions of need and non-need factors and estimated a horizontal inequity index. Findings of this empirical study include evidence of inequities in the Chilean health care system that are beneficial to the better-off. We also identified some key factors, including education and health care payment, which affect the utilization of health care services. Results of this study could help researchers and policy makers identify targets for improving equity in health care utilization and strengthening availability of health care services accordingly. PMID:23937894

  1. DETERMINANTS OF RETURN ON EQUITY OF COOPERATIVE BANKS IN POLAND

    Directory of Open Access Journals (Sweden)

    Anna Bieniasz

    2016-03-01

    Full Text Available The aim of the study was to analyse the diversity of return on equity in the cooperative banks in Poland in 2010– 2014. The analysis was conducted using data of the Polish Financial Supervision Authority, on the basis of a modifi ed decomposition rate of return on equity. Assessment of the rate of return on equity was made in a size of banks, as determined by the value of assets. In addition, in order to determine the strength and direction of impact the individual components of the model on the formation of return on equity method was applied functional. The study suggests that cooperative banks eff ectively use the equity, because the rate of return on equity was signifi cantly higher than the rate of return on assets. The average return on assets in 2010–2014 was relatively lower in the largest banks and ranged from 0.7–0.9%, and the smallest banks return on assets was approximately 1%. In turn, the return on equity was higher at banks with major assets (over 200 million PLN. In 2013–2014 the rate of return both on assets and equity expressly declined. The main determinants of changes in return on equity were changing the multiplier reduction of profi t from banking activities by operating costs and costs of banking risk and return on assets, as well as measured result on banking activities.

  2. Equity Prices, Productivity Growth, and the 'New Economy'

    DEFF Research Database (Denmark)

    Madsen, Jakob Brøchner; Davis, E. Philip

    The sharp increase in equity prices over the 1990s was widely attributed to permanently higher productivity growth derived from the New Economy. This paper establishes a rational expectations model of technology innovations and equity prices, which shows that under plausible assumptions, producti......The sharp increase in equity prices over the 1990s was widely attributed to permanently higher productivity growth derived from the New Economy. This paper establishes a rational expectations model of technology innovations and equity prices, which shows that under plausible assumptions...

  3. Health equity in Lebanon: a microeconomic analysis

    Directory of Open Access Journals (Sweden)

    Raad Firas

    2010-04-01

    Full Text Available Abstract Background The health sector in Lebanon suffers from high levels of spending and is acknowledged to be a source of fiscal waste. Lebanon initiated a series of health sector reforms which aim at containing the fiscal waste caused by high and inefficient public health expenditures. Yet these reforms do not address the issues of health equity in use and coverage of healthcare services, which appear to be acute. This paper takes a closer look at the micro-level inequities in the use of healthcare, in access, in ability to pay, and in some health outcomes. Methods We use data from the 2004/2005 Multi Purpose Survey of Households in Lebanon to conduct health equity analysis, including equity in need, access and outcomes. We briefly describe the data and explain some of its limitations. We examine, in turn, and using standardization techniques, the equity in health care utilization, the impact of catastrophic health payments on household wellbeing, the effect of health payment on household impoverishment, the equity implications of existing health financing methods, and health characteristics by geographical region. Results We find that the incidence of disability decreases steadily across expenditure quintiles, whereas the incidence of chronic disease shows the opposite pattern, which may be an indication of better diagnostics for higher quintiles. The presence of any health-related expenditure is regressive while the magnitude of out-of-pocket expenditures on health is progressive. Spending on health is found to be "normal" and income-elastic. Catastrophic health payments are likelier among disadvantaged groups (in terms of income, geography and gender. However, the cash amounts of catastrophic payments are progressive. Poverty is associated with lower insurance coverage for both private and public insurance. While the insured seem to spend an average of almost LL93,000 ($62 on health a year in excess of the uninsured, they devote a smaller

  4. Weight Management

    Science.gov (United States)

    ... Health Information Weight Management English English Español Weight Management Obesity is a chronic condition that affects more ... Liver (NASH) Heart Disease & Stroke Sleep Apnea Weight Management Topics About Food Portions Bariatric Surgery for Severe ...

  5. Confronting Equity Issues on Campus: Implementing the Equity Scorecard in Theory and Practice

    Science.gov (United States)

    Bensimon, Estela Mara, Ed.; Malcom, Lindsey, Ed.

    2012-01-01

    How can it be that 50 years after the passage of the Civil Rights Act, our institutions of higher education have still not found ways of reducing the higher education gaps for racial and ethnic groups? That is the question that informs and animates the Equity Scorecard model of organizational change. It shifts institutions' focus from what…

  6. Dual Language Immersion Program Equity and Access: Is There Equity for All Students?

    Science.gov (United States)

    Fernandez, Patricia Espinoza

    2016-01-01

    This is a mixed methods study of K-12 school administrators with dual language immersion school leadership expertise. The paramount research focus was to identify equity and access issues in dual language immersion programs serving grades K-12, as identified by school administrators who have led such programs. A total pool of 498 were invited to…

  7. Confronting Equity Issues on Campus: Implementing the Equity Scorecard in Theory and Practice

    Science.gov (United States)

    Bensimon, Estela Mara, Ed.; Malcom, Lindsey, Ed.

    2012-01-01

    How can it be that 50 years after the passage of the Civil Rights Act, our institutions of higher education have still not found ways of reducing the higher education gaps for racial and ethnic groups? That is the question that informs and animates the Equity Scorecard model of organizational change. It shifts institutions' focus from what…

  8. The Economics of Independent Living: Efficiency, Equity and Ethics.

    Science.gov (United States)

    O'Shea, E.; Kennelly, B.

    1996-01-01

    This article explores the meaning of efficiency and equity in the context of independent living programs for people with disabilities. Conflicts in costs and trade-offs in various scenarios of the efficiency/equity equation are examined in terms of theories of utilitarianism, contractarianism, justice and mutual advantage, and justice as…

  9. The Economics of Independent Living: Efficiency, Equity and Ethics.

    Science.gov (United States)

    O'Shea, E.; Kennelly, B.

    1996-01-01

    This article explores the meaning of efficiency and equity in the context of independent living programs for people with disabilities. Conflicts in costs and trade-offs in various scenarios of the efficiency/equity equation are examined in terms of theories of utilitarianism, contractarianism, justice and mutual advantage, and justice as…

  10. A meta-analysis of the equity premium

    NARCIS (Netherlands)

    C. van Ewijk; H.L.F. de Groot; A.J. Santing

    2012-01-01

    The equity premium is a key parameter in asset allocation policies. There is a vigorous debate in the literature regarding the actual measurement of the equity premium, its size and the determinants of its variation. This study aims to take stock of this literature by means of a meta-analysis. We id

  11. Beyond contracts : Governing structures in non-equity alliances

    NARCIS (Netherlands)

    Reuer, Jeffrey; Devarakonda, S.V.

    2012-01-01

    Non-equity alliances are often portrayed in the literature as purely contractual collaborative agreements. This paper questions the notion that contractual safeguards and incentives alone provide the formal governance mechanisms that undergird non-equity alliances. We argue and show that partners cr

  12. Empirical Essays on Debt, Equity, and Convertible Securities

    NARCIS (Netherlands)

    P. Verwijmeren (Patrick)

    2008-01-01

    textabstractThis dissertation consists of four empirical studies on firms’ financing decisions. In the first two studies, we investigate the debt-equity choice for a large number of U.S. firms. We find that firms prefer debt financing over equity financing in case a debt issue allows the firm to kee

  13. Who Invests in Home Equity to Exempt Wealth from Bankruptcy?

    NARCIS (Netherlands)

    Corradin, S.; Gropp, R.; Huizinga, H.P.; Laeven, L.

    2010-01-01

    Homestead exemptions to personal bankruptcy allow households to retain their home equity up to a limit determined at the state level. Households that may experience bankruptcy thus have an incentive to bias their portfolios towards home equity. Using US household data from the Survey of Income and P

  14. Efficiency and Equity in Vocational Education and Training Policies.

    Science.gov (United States)

    Carnoy, Martin

    1994-01-01

    Addresses the question of how to determine the overall effect of the vocational education and training system on efficiency and equity. Suggests criteria to guide allocation of public resources for education and training to meet efficiency and equity goals. (Author/JOW)

  15. Public Value Mapping of Equity in Emerging Nanomedicine

    Science.gov (United States)

    Slade, Catherine P.

    2011-01-01

    Public values failure occurs when the market and the public sector fail to provide goods and services required to achieve the core values of society such as equity (Bozeman 2007). That public policy for emerging health technologies should address intrinsic societal values such as equity is not a novel concept. However, the ways that the public…

  16. The Equity of School Facilities Funding: Examples from Kentucky

    Science.gov (United States)

    Glenn, William J.; Picus, Lawrence O.; Odden, Allan; Aportela, Anabel

    2009-01-01

    While there is an extensive literature analyzing the relative equity of state funding systems for current operating revenues, there is a dearth of research on capital funding systems. This article presents an analysis of the school capital funding system in Kentucky since 1990, using the operating-revenue analysis concepts of horizontal equity,…

  17. Equity prices, productivity growth and 'The New Economy'

    DEFF Research Database (Denmark)

    Madsen, Jakob B.; Davis, E. Philip

    2006-01-01

    The sharp increase in equity prices over the 1990s was widely attributed to permanently higher productivity growth derived from the New Economy. This article establishes a rational expectations model of technology innovations and equity prices, which shows that under plausible assumptions...

  18. Equity Prices, Productivity Growth, and the 'New Economy'

    DEFF Research Database (Denmark)

    Madsen, Jakob Brøchner; Davis, E. Philip

    The sharp increase in equity prices over the 1990s was widely attributed to permanently higher productivity growth derived from the New Economy. This paper establishes a rational expectations model of technology innovations and equity prices, which shows that under plausible assumptions...

  19. The Issue: Sex Equity and Sexuality in Education.

    Science.gov (United States)

    Klein, Susan Shurberg

    1987-01-01

    This introduction to a series of articles whose theme is sex equity and sexuality in education, defines terms (sexuality, sex or sexuality education, sex equity), discusses the importance of issues related to the theme, and highlights findings from articles in the series. (IAH)

  20. Do Professors Have Customer-Based Brand Equity?

    Science.gov (United States)

    Jillapalli, Ravi K.; Jillapalli, Regina

    2014-01-01

    This research endeavors to understand whether certain professors have customer-based brand equity (CBBE) in the minds of students. Consequently, the purpose of this study is to conceptualize, develop, and empirically test a model of customer-based professor brand equity. Survey data gathered from 465 undergraduate business students were used to…

  1. Equity crowdfunding in China : Current practice and important legal issues

    NARCIS (Netherlands)

    Li, Jing

    2017-01-01

    By studying two leading Chinese equity crowdfunding portals, namely, Renrentou and Zhongou8, this paper provides the very first empirical evidence on the practice and regulation of equity crowdfunding in China. In the case of Renrentou, I examine a hand-collected sample consisting of the investment

  2. School Zoning, Equity and Freedom: The Case of New Zealand.

    Science.gov (United States)

    McCulloch, Gary

    1991-01-01

    Discusses implications of major reforms in secondary school zoning in New Zealand, highlighting freedom and equity considerations. Zoning's primary aim has changed from balancing out different schools' declared needs to emphasizing parents' rights. The new zoning provisions involve both a strong role for freedom and a weak role for equity. (72…

  3. Foregrounding Issues of Equity and Diversity in Educational Leadership

    Science.gov (United States)

    Niesche, Richard; Keddie, Amanda

    2011-01-01

    This article documents the leadership practices within one secondary school in Queensland, Australia that uses equity as a central philosophy. Drawing on specific elements of productive leadership as defined by Hayes et al., the article draws attention to how the school's common equity agenda, its supportive social relations, and its dispersed…

  4. Analysis of stage-investing strategy in equity financing market

    Institute of Scientific and Technical Information of China (English)

    XUN Minghui

    2007-01-01

    Stage-investing strategy is a primary measure to mitigate asymmetric information during equity investment. This paper attempts to investigate the problem faced by equity investors wishing to make optimal investment decision under stage-investing strategy.A serial investment-decision making model will be designed to help investors to take the best choice.

  5. Australian Indigenous Students: Addressing Equity Issues in Assessment

    Science.gov (United States)

    Klenowski, Val

    2009-01-01

    This article provides the background and context to the important issue of assessment and equity in relation to Indigenous students in Australia. Questions about the validity and fairness of assessment are raised and ways forward are suggested by attending to assessment questions in relation to equity and culture-fair assessment. Patterns of…

  6. Which Updates During an Equity Crowdfunding Campaign Increase Crowd Participation?

    NARCIS (Netherlands)

    J.H. Block (Jörn); L. Hornuf (Lars); A. Moritz (Alexandra)

    2016-01-01

    textabstractStart-ups often post updates during equity crowdfunding campaigns. Yet, little is known about the effects of such updates on funding success. We investigate this question using hand-collected data from 71 funding campaigns on two German equity crowdfunding portals. Using a combination of

  7. Equity crowdfunding in China : Current practice and important legal issues

    NARCIS (Netherlands)

    Li, Jing

    2017-01-01

    By studying two leading Chinese equity crowdfunding portals, namely, Renrentou and Zhongou8, this paper provides the very first empirical evidence on the practice and regulation of equity crowdfunding in China. In the case of Renrentou, I examine a hand-collected sample consisting of the investment

  8. CHINALCO Repurchased Equity of Ningxia Electric Power Group

    Institute of Scientific and Technical Information of China (English)

    2013-01-01

    <正>On the transformation road to promoting coal-power-aluminum integration, CHINALCO moved another step forward. Following the acquisition of 35.3% equity of Ningxia Electric Power Group in August, CHINALCO again announced to buy 23.66% equity of Ningxia

  9. Teaching for Equity, Learning about Discrimination in a Meritocratic Society

    Science.gov (United States)

    Cruz, Fátima; Stake, Robert E.

    2012-01-01

    In this paper, we will examine key points for research attention in the effort to commit educational systems to equity education. We will examine the concepts of equity, equality and discrimination. We will give specific attention to the role of teacher educators. Teachers need to understand and to be able to see social discrimination in…

  10. A theoretical and practical perspective on the equity risk premium

    NARCIS (Netherlands)

    Salomons, Roelof

    2008-01-01

    In historical perspective, equity returns have been higher than interest rates but have also varied a good deal more. However, the average excess return has been larger than what could be expected based on classical equilibrium theory: the equity risk premium (ERP) puzzle. This paper has two objecti

  11. Rawls, Republicanism, and the Adequacy-Equity Debate

    Science.gov (United States)

    Burroughs, Nathan A.

    2016-01-01

    In this article, I critique the foremost proponents of the adequacy and equity approaches to educational equality. I identify tensions within the adequacy approach related to positionality in education, fostering a democratic elite through higher education, and its defense of private schooling. In contrast, equity theorists are vulnerable to the…

  12. Federal Funding to Promote Sex Equity in Education: 1980.

    Science.gov (United States)

    Klein, Susan S.; Goodman, Melanie A.

    This publication discusses federal funds which are available for research and development in sex equity in education. A major objective is to identify specific Federal funding opportunities for projects focusing on sex equity. Another objective is to help individuals understand the overall Federal pattern of support for activities to promote sex…

  13. Do Professors Have Customer-Based Brand Equity?

    Science.gov (United States)

    Jillapalli, Ravi K.; Jillapalli, Regina

    2014-01-01

    This research endeavors to understand whether certain professors have customer-based brand equity (CBBE) in the minds of students. Consequently, the purpose of this study is to conceptualize, develop, and empirically test a model of customer-based professor brand equity. Survey data gathered from 465 undergraduate business students were used to…

  14. The equity risk premium : emerging versus developed markets

    NARCIS (Netherlands)

    Salomons, R.M.; Grootveld, H.

    2002-01-01

    This paper gives an empirical view of the ex-post equity risk premium in a number of international markets with special attention to emerging ones. Our study yields interesting implications for finance. Firstly, we find that the equity risk premium in emerging markets is significantly higher than in

  15. Renewable Energy Cost Modeling. A Toolkit for Establishing Cost-Based Incentives in the United States

    Energy Technology Data Exchange (ETDEWEB)

    Gifford, Jason S. [Sustainable Energy Advantage, LLC, Framington, MA (United States); Grace, Robert C. [Sustainable Energy Advantage, LLC, Framington, MA (United States); Rickerson, Wilson H. [Meister Consultants Group, Inc., Boston, MA (United States)

    2011-05-01

    This report serves as a resource for policymakers who wish to learn more about levelized cost of energy (LCOE) calculations, including cost-based incentives. The report identifies key renewable energy cost modeling options, highlights the policy implications of choosing one approach over the other, and presents recommendations on the optimal characteristics of a model to calculate rates for cost-based incentives, FITs, or similar policies. These recommendations shaped the design of NREL's Cost of Renewable Energy Spreadsheet Tool (CREST), which is used by state policymakers, regulators, utilities, developers, and other stakeholders to assist with analyses of policy and renewable energy incentive payment structures. Authored by Jason S. Gifford and Robert C. Grace of Sustainable Energy Advantage LLC and Wilson H. Rickerson of Meister Consultants Group, Inc.

  16. Edgeworth Price Cycles, Cost-based Pricing and Sticky Pricing in Retail Gasoline Markets

    OpenAIRE

    Noel, Michael

    2004-01-01

    This paper examines dynamic pricing behavior in retail gasoline markets for 19 Canadian cities over 574 weeks. I find three distinct retail pricing patterns: 1. cost-based pricing, 2. sticky pricing, and 3. steep, asymmetric retail price cycles that, while seldom documented empirically, resemble those of Maskin & Tirole[1988]. Using a Markov switching regression, I estimate the prevalence of patterns and the structural characteristics of the cycles. Retail price cycles prevail in over 40% of ...

  17. Private equity and venture capitalists' investment criteria in the Czech Republic

    Directory of Open Access Journals (Sweden)

    Marek Zinecker

    2010-01-01

    Full Text Available For investment decision making to be rational, the existence of investment criteria is required. In the theory of financial management, the effectiveness of investment is traditionally judged by the degree to which an investment proposal contributes to achieving the main financial goal of business, i.e. market value maximization of the firm.So far, potential businesses for Private Equity and Venture Capital financing in the Czech Republic have not had information regarding investment criteria and their significance, when considered by investors, at their disposal, which is due to absence of relevant research results.This article presents results of the research project whose aim is to establish which criteria are considered to perform an essential role in the selection of business proposals by firms investing Private Equity and Venture Capital in the Czech Republic as well as the most common reasons for rejecting the proposals. Based on practical experience of financing by Private Equity and Venture Capital, the research made it possible to identify the most significant criteria, namely characterization of mana­gement, market, product and the rate of investment capital appreciation. The results of the research are consequently compared with findings which were published in similar studies undertaken in the past (e.g. Tyebjee, Bruno, 1984; Fried, Hisrich, 1994; MacMillan et al., 1985, 1987; Muzyka et al., 1996; Eisele, 2002.The research supports the thesis that, when considering business proposals, above-average weight is attached to criteria concerning the characterization of management, i.e. experience and competencies in all stages of business life cycle. Nevertheless, the fulfilment of the criteria is not sufficient for investors to evaluate a business proposal positively. They also place an emphasis on selected criteria related to market and product. By publishing empirical data, an important signal regarding up-to-date evaluative criteria

  18. Evaluating spatial equity of health service in Minhang District, Shanghai

    Science.gov (United States)

    Shi, Yishao; Chen, Huajie; Chen, Yongjian

    2008-10-01

    Assuring equitable health service is an important factor for promoting sustainable development and constructing harmonious society. Its concept is very necessary for policy makers and health planners. Recent advances in the field of health geography have greatly improved our understanding of the role played by equitable geographic distribution of health services. But equity is difficult to operationalize because it is influenced by lots of non-spatial factors. This paper presents a notion that analyzes spatial equity of health service integrating theories and techniques of spatial accessibility and GIS. By means of modified spatial accessibility index, the authors analyze relative equity status of each subdistrict based on geo-referenced and socio-demographic census exemplified by Minhang District of Shanghai. Due to the demand of residents and using efficiency of every health service are added in the method of accessibility, it makes equity research more valid. The paper also discusses the influence of floating population on spatial equity of health service.

  19. Managing Consumer-Based Brand Equity in Higher Education

    Directory of Open Access Journals (Sweden)

    Tina Vukasovic

    2015-03-01

    Full Text Available The purpose of this study is to establish the key elements of brand equity for international students by exploring existing brand equity theory in its applicability to international higher education (HE. The main objective of this research is to enhance academic understanding of brand equity in the HE sector and explore the implications for management practice. Quantitative data collected via a self-completion survey are used to test a model of brand equity in the context of HE. The empirical setting is Slovenia, which has a mixture of public and private provision and an increasingly competitive environment. The results provide support for the proposed conceptual model, with image-related and awareness-related determinants. The findings of this research provided evidence that the customer-based brand equity model can be applied to the HE context as an element of competitive advantage and used to guide marketing activities for Universities internationally.

  20. Viral Marketing as Antecedent of Customer-Based Brand Equity

    Directory of Open Access Journals (Sweden)

    Elinda Esa

    2012-06-01

    Full Text Available The purpose of this study is to analyze the role of viral marketing on customer-based brand equity. In the proposed model, information of a product provided by viral marketing is analyzed as a source of brand equity and its dimensions. An empirical study was conducted among the young adults (18 to 32 years old in the Malaysian market. Brand equity is analyzed through two types of durable goods namely mobile phone and personal computer. Data were collected from the consumers of mobile phone and personal computer using non probability (mall intercept sampling method. The data collected was analyzed using exploratory factor analysis, reliability test, descriptive statistics and regression analyses. According to the findings, viral marketing shows a positive influence on dimensions of brand equity as well as brand equity.

  1. Shifting the balance: equity and sustainable consumption

    Energy Technology Data Exchange (ETDEWEB)

    Vermeulen, Sonja; Garside, Ben; De Morais, Gabriela Weber

    2009-01-15

    On our finite planet, the dictates of ecology and technology limit growth. Yet a key element of this issue – consumption – has until recently hardly figured on policy agendas. Now there is growing recognition that transformation towards a low-carbon, resource-efficient economy means tackling consumption as well as production. Governments and businesses are beginning to make concerted, if uncoordinated, efforts to reduce energy and resource use. Rethinking consumption could, however, drive an even bigger wedge between rich and poor. Any new agenda for consumption needs to factor in equity as well as environmental benefit.

  2. Equity in multiproduct supply chain network

    Directory of Open Access Journals (Sweden)

    Mina SAEE BOSTANABAD

    2013-01-01

    Full Text Available In this paper, multiproduct supply chain network is investigated with equity consideration,namely, obtaining the optimal flow pattern, in such a way that no user in the network can increasehis(her benefit with change in product’s sending path. However, each kind of products, has anindividual cost function and, at the same time, contributes to its own and other product’s cost functionin an individual way. An algorithm is developed to find optimal flow pattern for such multiproductsupply chain network.

  3. A Confucian defense of gender equity.

    Science.gov (United States)

    Clark, Kelly James; Wang, Robin R

    2004-01-01

    The oppression of Chinese women is typically blamed on Confucianism. We present a version of Confucianism that relies on the metaphysics of the I Ching, one of the "canonical" Confucian texts, and on more characteristic Confucian doctrines. These metaphysical, anthropological, and ethical beliefs would, if fully implemented, replace the early Confucian hierarchy based partly on gender with a hierarchy based on virtue. This would in turn legitimate the full participation of women in society. Through the "canonical" Confucian texts we reconstruct the philosophical grounds for a Confucian vision of gender equity as grounded in a Confucian view of human nature and human excellence.

  4. Weighted Clustering

    CERN Document Server

    Ackerman, Margareta; Branzei, Simina; Loker, David

    2011-01-01

    In this paper we investigate clustering in the weighted setting, in which every data point is assigned a real valued weight. We conduct a theoretical analysis on the influence of weighted data on standard clustering algorithms in each of the partitional and hierarchical settings, characterising the precise conditions under which such algorithms react to weights, and classifying clustering methods into three broad categories: weight-responsive, weight-considering, and weight-robust. Our analysis raises several interesting questions and can be directly mapped to the classical unweighted setting.

  5. Funding innovation for treatment for rare diseases: adopting a cost-based yardstick approach

    Science.gov (United States)

    2013-01-01

    Background Manufacturers justify the high prices for orphan drugs on the basis that the associated R&D costs must be spread over few patients. The proliferation of these drugs in the last three decades, combined with high prices commonly in excess of $100,000 per patient per year are placing a substantial strain on the budgets of drug plans in many countries. Do insurers spend a growing portion of their budgets on small patient populations, or leave vulnerable patients without coverage for valuable treatments? We suggest that a third option is present in the form of a cost-based regulatory mechanism. Methods This article explores the use of a cost-based price control mechanism for orphan drugs, adapted from the standard models applied in utilities regulation. Results and conclusions A rate-of-return style model, employing yardsticked cost allocations and a modified two-stage rate of return calculation could be effective in setting a new standard for orphan drugs pricing. This type of cost-based pricing would limit the costs faced by insurers while continuing to provide an efficient incentive for new drug development. PMID:24237605

  6. 42 CFR 412.75 - Determination of the hospital-specific rate for inpatient operating costs based on a Federal...

    Science.gov (United States)

    2010-10-01

    ... inpatient operating costs based on a Federal fiscal year 1987 base period. 412.75 Section 412.75 Public... hospital-specific rate for inpatient operating costs based on a Federal fiscal year 1987 base period. (a) Base-period costs—(1) General rule. Except as provided in paragraph (a)(2) of this section, for...

  7. The effects of customer equity drivers on loyalty across services industries and firms

    NARCIS (Netherlands)

    Ou, Yi-Chun; Verhoef, Peter C.; Wiesel, Thorsten

    2017-01-01

    Customer equity drivers (CEDs)-value equity, brand equity, and relationship equity-positively affect loyalty intentions, but this effect varies across industries and firms. We empirically examine potential industry and firm characteristics that explain why the CEDs-loyalty link varies across service

  8. The effects of customer equity drivers on loyalty across services industries and firms

    NARCIS (Netherlands)

    Ou, Yi-Chun; Verhoef, Peter C.; Wiesel, Thorsten

    Customer equity drivers (CEDs)-value equity, brand equity, and relationship equity-positively affect loyalty intentions, but this effect varies across industries and firms. We empirically examine potential industry and firm characteristics that explain why the CEDs-loyalty link varies across

  9. Equity Valuation with the Use of Multiples

    Directory of Open Access Journals (Sweden)

    Stauropoulos Antonios

    2012-01-01

    Full Text Available Problem statement: Equity valuation with the use of multiples is widely used by academics and practitioners concerning its functionality. This study aims to explore the sensitivity of three multiples in terms of bias. Approach: The three multiples under consideration are the Price-To-Sales (P/S multiple, the Price-To-Book value of equity (P/B multiple and the Price-To-Earnings (P/E multiple using both current and one-year-ahead earnings forecasts. Results: According to the empirical results, the multiples P/mdfy1 and P/mnfy1 are considered to be biased, with their means being negatively biased and their medians being positively biased. The results can be considered as reliable owing to the large sample and the procedure followed for its selection. Conclusion: This study offers a better understanding of the valuation approach through the use of multiples, in order analysts assumption to be more carefully and properly chosen and their results to be more accurately produced.

  10. Few Considerations On Brand Loyalty and Equity

    Directory of Open Access Journals (Sweden)

    Silvia Muhcina

    2017-03-01

    Full Text Available Considered as one of the most pregnant way to identify a product, a service or an organization, through specific communication means, the brand has an important role in the process of personalizing and sustaining the image of products, services or organizations. The brand is the essence of products and services and the key to express the market success. A powerful brand has a strong position in the consumers’ minds and can be considered a key point between the consumers’ first preference and choice (when they decide to buy a product and the high and constant level of quality of that product. What is more, this connection can be created by fulfilling the company’s promises that the offer’s level of quality will be maintained and even increased over a long period of time. The success of a brand is assured by maintaining the consumers’ loyalty, and the consumers’ trust and loyalty will increase the brand equity. The aim of this paper is to present a few theoretical aspects concerning the concepts of brand loyalty and equity.

  11. Gender equity in health: debates and dilemmas.

    Science.gov (United States)

    Doyal, L

    2000-09-01

    Gender equity is increasingly cited as a goal of health policy but there is considerable confusion about what this could mean either in theory or in practice. If policies for the promotion of gender equity are to be realisable their goal must be the equitable distribution of health related resources. This requires careful identification of the similarities and differences in the health needs of men and women. It also necessitates an analysis of the gendered obstacles that currently prevent men and women from realising their potential for health. This article explores the impact of gender divisions on the health and the health care of both women and men and draws out some of the policy implications of this analysis. It outlines a three point agenda for change. This includes policies to ensure universal access to reproductive health care, to reduce gender inequalities in access to resources and to relax the constraints of rigidly defined gender roles. The article concludes with a brief overview of the practical and political dilemmas that the implementation of such policies would impose.

  12. Equity in public health: an epigenetic perspective.

    Science.gov (United States)

    Stapleton, G; Schröder-Bäck, P; Townend, D

    2013-01-01

    Evidence emerging from the study of epigenetics and epigenomics challenges notions of health by enhancing understanding of disease etiologies and improving awareness of new health risks. New paradigms arising from epigenetic and epigenomic research present challenging cases through which to debate theories of justice in health because they expand the concept of health and, controversially, place value on what was previously assumed to be 'healthy' individual variance. Discoveries of the dynamic nature of the epigenome and its variable sensitivity towards change in numerous phenomena add further complexity to the assessment of health inequalities. Such evidence can cast doubt on perceptions of justice in health, which in turn raises questions over the suitability of actions taken in pursuit of equity. This article discusses how recent developments in epigenetics and epigenomics may impact upon assessments of equity in health. A review of literature discussing possible health risks associated with acquired yet heritable epigenetic variance is used to highlight the diversity of possible pathways through which health may be influenced. From this context, the consideration of health risk with respect to epigenetics, it is argued, demands a more inclusive concept of health when used in discussions of inequities. Copyright © 2013 S. Karger AG, Basel.

  13. Settlement-date Accounting for Equity Share Options - Conceptual Validity and Numerical Effects

    DEFF Research Database (Denmark)

    Møller, Peder Fredslund

    -date accounting are fully conceptually valid. They represent measurements of one partner group's share of total equity with effect for another group's share of total equity and income: the shareholders' part. Partially, this equity and income sharing model is already the basis for existing accounting standards......This paper demonstrates that settlement-date accounting for equity share options can be seen as an accounting method which implements a shareholder focused residually rewarded partners' equity view. This equity view represents a simple, natural extension of the shareholder proprietary view....... It implicates an equity and income sharing model for accounting which is characterized by specification of both shareholders' and non-shareholders' parts of total equity and income. When using this equity and income sharing model, the remeasurements of equity share option obligations made by settlement...

  14. Weight Control

    Science.gov (United States)

    ... obese. Achieving a healthy weight can help you control your cholesterol, blood pressure and blood sugar. It ... use more calories than you eat. A weight-control strategy might include Choosing low-fat, low-calorie ...

  15. Weighted Clustering

    DEFF Research Database (Denmark)

    Ackerman, Margareta; Ben-David, Shai; Branzei, Simina

    2012-01-01

    We investigate a natural generalization of the classical clustering problem, considering clustering tasks in which different instances may have different weights.We conduct the first extensive theoretical analysis on the influence of weighted data on standard clustering algorithms in both...... the partitional and hierarchical settings, characterizing the conditions under which algorithms react to weights. Extending a recent framework for clustering algorithm selection, we propose intuitive properties that would allow users to choose between clustering algorithms in the weighted setting and classify...

  16. Equity in healthcare resource allocation decision making: A systematic review.

    Science.gov (United States)

    Lane, Haylee; Sarkies, Mitchell; Martin, Jennifer; Haines, Terry

    2017-02-01

    To identify elements of endorsed definitions of equity in healthcare and classify domains of these definitions so that policy makers, managers, clinicians, and politicians can form an operational definition of equity that reflects the values and preferences of the society they serve. Systematic review where verbatim text describing explicit and implicit definitions of equity were extracted and subjected to a thematic analysis. The full holdings of the AMED, CINAHL plus, OVID Medline, Scopus, PsychInfo and ProQuest (ProQuest Health & Medical Complete, ProQuest Nursing and Allied Health Source, ProQuest Social Science Journals) were individually searched in April 2015. Studies were included if they provided an original, explicit or implicit definition of equity in regards to healthcare resource allocation decision making. Papers that only cited earlier definitions of equity and provided no new information or extensions to this definition were excluded. The search strategy yielded 74 papers appropriate for this review; 60 of these provided an explicit definition of equity, with a further 14 papers discussing implicit elements of equity that the authors endorsed in regards to healthcare resource allocation decision making. FIVE KEY THEMES EMERGED: i) Equalisation across the health service supply/access/outcome chain, ii) Need or potential to benefit, iii) Groupings of equalisation, iv) Caveats to equalisation, and v) Close enough is good enough. There is great inconsistency in definitions of equity endorsed by different authors. Operational definitions of equity need to be more explicit in addressing these five thematic areas before they can be directly applied to healthcare resource allocation decisions. Copyright © 2016 Elsevier Ltd. All rights reserved.

  17. Birth Weight

    Science.gov (United States)

    ... baby, taken just after he or she is born. A low birth weight is less than 5.5 pounds. A high ... weight is more than 8.8 pounds. A low birth weight baby can be born too small, too early (premature), or both. This ...

  18. The effects of multimedia advertising on building brand equity

    Directory of Open Access Journals (Sweden)

    Reza Pirayesh

    2014-08-01

    Full Text Available This paper presents an empirical investigation to study the effects of multimedia advertisement on building brand equity. The proposed study uses two questionnaires, one for multimedia advertisement, which consists of 17 questions and the other one for measuring brand equity. The survey is applied among 384 randomly selected customers who do their daily businesses with banks located in province of Kordestan, Iran. Using Pearson correlation as well as linear regression techniques, the study has determined a positive and meaningful relationship between these two variables. In our survey, word of mouth advertisement seems to have the highest impact on brand equity followed by having seminars.

  19. Consumer-Based Brand Equity: A literature review

    Directory of Open Access Journals (Sweden)

    A. Szőcs

    2014-06-01

    Full Text Available The concept of brand equity has gained in popularity since the 1980s, and since then, the field has undergone significant development. The concept of consumer-based brand equity has become a central marketing concept due to the increasing scientific and business interest in brands, since the approach according to which brands constitute one of the most valuable intangible assets of the companies is becoming increasingly widespread. The paper offers an updated literature review of this important research topic, providing a classification of brand equity models focusing on consumer based models. The most important models are critically reviewed from the perspective of model structure, methodology used and validity.

  20. Relationship between Major Developed Equity Markets and Major Frontier Equity Markets of World

    Directory of Open Access Journals (Sweden)

    Muhammad Mansoor Baig

    2016-02-01

    Full Text Available The core aim of this study is to compute the long run relationship between frontier equity markets Pakistan (KSE 100 Index, Argentina (MERVAL BUENOS AIRES stock Exchange, NSE.20 (Kenya, MSM 30 (MSI Oman and equity markets of developed world (OMXS30 Sweden, SMI (Switzerland, SSE Composite Index (China and STI index (Singapore by taking weekly values from stock return prices for the period 1st week of January-2000 to last week of January/2014. Descriptive statistic, Correlation, Augmented dickey fuller (ADF, Phillips Perron test, Johanson and Jelseluis test of co-integration, Granger causality test, Variance Decomposition Test and Impulse Response are used to find the relationship among frontier and developed markets. The results of this study reveal that frontier markets have no long run relationship with equity markets of developed world. Furthermore, this study is helpful for investors to enhance the returns by diversifying the unsystematic risk at given level of profit because results of this study confirm that markets are no cointegrated.

  1. European Integration between Equity, Efficiency and Welfare

    Directory of Open Access Journals (Sweden)

    Gabriela Marchis

    2012-05-01

    Full Text Available Throughout this article I tried to highlight the path for improving the Europeans standards ofliving. Poverty, inequality and efficiency are the key concepts of the welfare economic. Similar to many otherarticles about equity, efficiency and welfare, this article offers an account of the challenges facing theEuropean Union welfare in a context of global economy assessing the ability of different components of thewelfare governance to respond to these challenges. The welfare of European Union is analyzed under themultidimensional aspects of integration, such as: internal versus external integration and multilevelintegration. Aging, changes in the labor market, increased mobility are particular aspects that characterize EUand under the fundamental reform of Europe 2020 Strategy, welfare economic becomes a priority even if thepolitical integration comes first to the economic one. As Europe grows more diverse, the welfare economictranslates from desire to necessity.

  2. Comments on Montesquieu’s Equity Theory

    Institute of Scientific and Technical Information of China (English)

    刘辰远

    2014-01-01

    Montesquieu’s equity theory is not only the reflection of sharp confrontation between French bourgeoisie and despo-tism in the middle period of 18th century, but also is the continual caused by British Bacon’s experimentalism and French Des-cartes’s rationalism, etc. Montesquieu acutely criticized the decayed social order of feudalism, but also showed his compromising, mild, and rigorous character because the revolution had not succeeded yet. Montesquieu considers that“law”exists in anything as well as the beginning and end of human society. The spirit of“natural law”is“peace”;the spirit of“man-made law”is“equali-ty”. However, in society and country, equality and freedom are lost easily, so they need to be guaranteed by the spirit and power of law. Therefore, not only“virtue”,“simplicity”,“restraint”, and“toleration”, etc. are required, but also power balance is need-ed.

  3. Equity Market Timing: Testing Using Brazilian IPOs

    Directory of Open Access Journals (Sweden)

    José Luiz Rossi Jr

    2010-04-01

    Full Text Available This paper analyzes whether the behavior related to the equity market timing affected the recent IPO wave of Brazilian firms and exerted an impact on companies'capital structure. Using data from january 2004 to december 2007 the paper classifies the months in the sample in hot or cold according the number of IPOs that took place in each month. The paper confirms an oportunistic behavior by the firms that issue a higher volume of stocks in periods classified as hot. The paper also shows that the impact of this behavior on companies` capital structure is very limited. Although there is a reduction in companies` leverage right after the IPO, this returns to its previous level only a few quarters after the IPO.

  4. Ecology, equity and economics: reframing dryland policy

    Energy Technology Data Exchange (ETDEWEB)

    Hesse, Ced

    2011-11-15

    Drylands are among the world's most variable and unpredictable environments. But people here have long learnt how to live with and harness this variability to support sustainable and productive economies, societies and ecosystems. Policymakers have for too long ignored this wealth of experience and expertise with dire consequences. Attempts to replace traditional land use practices with modern techniques have simply exacerbated poverty, degradation and conflict. In the face of climate change and increasing uncertainty in the drylands, the need to reframe policy and practice has never been greater. The future must be built on sound scientific information, local knowledge, informed participation and the wisdom of customary institutions that emphasise social equity, ecological integrity and economic development.

  5. Public health equity in refugee situations.

    Science.gov (United States)

    Leaning, Jennifer; Spiegel, Paul; Crisp, Jeff

    2011-05-16

    Addressing increasing concerns about public health equity in the context of violent conflict and the consequent forced displacement of populations is complex. Important operational questions now faced by humanitarian agencies can to some extent be clarified by reference to relevant ethical theory. Priorities of service delivery, the allocation choices, and the processes by which they are arrived at are now coming under renewed scrutiny in the light of the estimated two million refugees who fled from Iraq since 2003.Operational questions that need to be addressed include health as a relative priority, allocations between and within different populations, and transition and exit strategies. Public health equity issues faced by the humanitarian community can be framed as issues of resource allocation and issues of decision-making. The ethical approach to resource allocation in health requires taking adequate steps to reduce suffering and promote wellbeing, with the upper bound being to avoid harming those at the lower end of the welfare continuum. Deliberations in the realm of international justice have not provided a legal or implementation platform for reducing health disparities across the world, although norms and expectations, including within the humanitarian community, may be moving in that direction.Despite the limitations of applying ethical theory in the fluid, complex and highly political environment of refugee settings, this article explores how this theory could be used in these contexts and provides practical examples. The intent is to encourage professionals in the field, such as aid workers, health care providers, policy makers, and academics, to consider these ethical principles when making decisions.

  6. Public health equity in refugee situations

    Directory of Open Access Journals (Sweden)

    Crisp Jeff

    2011-05-01

    Full Text Available Abstract Addressing increasing concerns about public health equity in the context of violent conflict and the consequent forced displacement of populations is complex. Important operational questions now faced by humanitarian agencies can to some extent be clarified by reference to relevant ethical theory. Priorities of service delivery, the allocation choices, and the processes by which they are arrived at are now coming under renewed scrutiny in the light of the estimated two million refugees who fled from Iraq since 2003. Operational questions that need to be addressed include health as a relative priority, allocations between and within different populations, and transition and exit strategies. Public health equity issues faced by the humanitarian community can be framed as issues of resource allocation and issues of decision-making. The ethical approach to resource allocation in health requires taking adequate steps to reduce suffering and promote wellbeing, with the upper bound being to avoid harming those at the lower end of the welfare continuum. Deliberations in the realm of international justice have not provided a legal or implementation platform for reducing health disparities across the world, although norms and expectations, including within the humanitarian community, may be moving in that direction. Despite the limitations of applying ethical theory in the fluid, complex and highly political environment of refugee settings, this article explores how this theory could be used in these contexts and provides practical examples. The intent is to encourage professionals in the field, such as aid workers, health care providers, policy makers, and academics, to consider these ethical principles when making decisions.

  7. Attitudes towards and experience of employment equity

    Directory of Open Access Journals (Sweden)

    Rudolf M. Oosthuizen

    2010-03-01

    Full Text Available Orientation: The demography of the South African work force has changed considerably since the implementation of Employment Equity Act 55 of 1998. There is no clarity in the literature on employees’ attitudes towards and experiences of employment equity (EE.Research purpose: The purpose of this research was to contribute to the EE debate by qualitatively identifying and exploring employees’ attitudes towards and experiences of EE in the South African work context.Research design, approach and method: Twenty-one organisations were included in the study and 105 interviews conducted.Main findings: The results indicated that employees at management level perceived government as an EE ‘watchdog’. Furthermore, reverse discrimination and racism were demarcated as the main experience of non-management employees. For previously disadvantaged employees, the main concerns were lack of training and development, whereas for the non-previously disadvantaged the primary concerns were reverse discrimination, racism and victimisation.Pratical/managerial implications: Future research may be that the results can benefit from contrasting, (1 the perspectives of previously disadvantaged management versus previously advantaged management to (2 the perspectives of previously disadvantaged non-management versus previously advantaged non-management. Furthermore, it will be valuable to include other industries in the private and public sector in future samples.Contribution/value-add: The contribution of the research is building and/or supporting the current knowledge base of employees’ attitudes towards and experiences of EE in the South African work context. Proactive measures should be taken to ensure that the majority of previously disadvantaged and the non-previously disadvantaged groups benefit from EE legislation. The introduction of holistic human resource management practices that complement target setting, could overcome the stumbling blocks currently

  8. Ekuitas Merek (Brand Equity) Apple dan Kepuasan Konsumen (Studi Korelasional Ekuitas Merek (Brand Equity) Apple Terhadap Kepuasan Konsumen Pada Mahasiswa Fakultas Hukum Universitas Sumatera Utara)

    OpenAIRE

    Apriza, Ade

    2016-01-01

    The tittle of this research is influence of brand equity to customer satisfication (A Correlational Studies About influence of brand equity to consumen satisfication In Students Of Faculty Of Lawyer University of North Sumatera). The purpose of this research are: to know brand equity HP Apple Ipone at Faculty of lawyer University Of North Sumatera, to know costumer satisfaction at Faculty of lawyer University Of North Sumatera and to know influence of brand equity to customer satisfication at...

  9. Brand Equity – Measuring Corporate Brand Strength in the Swedish Smartphone Market; Dimensions of Corporate Brand Equity from a Consumer Perspective

    OpenAIRE

    2012-01-01

    This study deals with the concept of brand equity composition in the Swedish smartphone market. The three dimensions used to describe brand equity are based on Aaker’s definition of consumer based brand equity namely; brand awareness, brand loyalty and perceived quality. The corporate brands represented on the market are analyzed with regards to consumer rating and brand equity composition using a proven theoretical model and a standardized questionnaire. The findings in this study indicate t...

  10. A Unified Framework for Pricing Credit and Equity Derivatives

    CERN Document Server

    Bayraktar, Erhan

    2007-01-01

    We propose a model which can be jointly calibrated to the bonds and equity options of the same company. We also use the historical stock price, historical spot rate, and treasury yield curve data as inputs to our model for parameter estimation. We observe that the model implied credit default swap (CDS) spread matches the market CDS spread and that our model produces a very desirable CDS spread term structure. This is striking since without calibrating any parameter to the CDS spread data, it is matched by the CDS spread our model generates using the available information from the equity options and corporate bond markets. We also observe that our model matches the equity option implied volatility surface well. We demonstrate the importance of accounting for the default risk and stochastic interest rate in equity option pricing by comparing our results to Fouque et. al. (2003), which proposed a similar modeling framework in the context of stochastic volatility models.

  11. Longevity, Growth and Intergenerational Equity - The Deterministic Case

    DEFF Research Database (Denmark)

    Andersen, Torben M.; Gestsson, Marias Halldór

    . We develop an overlapping generations model in continuous time which encompasses different generations with different mortality rates and thus longevity. Allowing for both trend increases in longevity and productivity, we address the issue of intergenerational equity under a utilitarian criterion...

  12. Fiscal federalism and equity in the state joint local governments ...

    African Journals Online (AJOL)

    Fiscal federalism and equity in the state joint local governments' account: Oyo state in focus. ... Open Access DOWNLOAD FULL TEXT ... Data for this study were collected through secondary sources and descriptive and inferential statistical ...

  13. What determines return risks for bank equities in Turkey?

    Directory of Open Access Journals (Sweden)

    Emre Ozsoz

    2014-03-01

    Full Text Available By using data from thirteen publicly traded commercial and deposit banks this paper estimates the determinants of market risk for banks' equities in the case of an emerging market economy, Turkey. The analysis reveals that maturity composition of banks' loans, share of trading income in banks' overall revenue stream and its foreign-ownership structure are important indicators of the volatility of its equity returns. Banks with shorter loan maturity positions are regarded by investors as safer companies to invest in while increases in trading income as a source of banks' overall revenue increases the volatility of its equity returns. Foreign ownership of a bank also lowers its equity return risk.

  14. Special and Vulnerable Groups on Access, Success and Equity on ...

    African Journals Online (AJOL)

    Special and Vulnerable Groups on Access, Success and Equity on Open and ... Open and Distance Learning (ODL) assisted by the use of ICT, has proven to ... for individual institutions to undertake; Inadequacy of personnel and especially ...

  15. An assessment of Regional and Gender equity in healthcare ...

    African Journals Online (AJOL)

    struggling with universal healthcare coverage, adopt and implement the principle of health .... Northern, Upper East and Upper West (See Figure 1). In terms of ...... Health Policies in Ghana – Implication for Equity: A Policy and Literature.

  16. Advancing the Science of Qualitative Research to Promote Health Equity.

    Science.gov (United States)

    Griffith, Derek M; Shelton, Rachel C; Kegler, Michelle

    2017-10-01

    Qualitative methods have long been a part of health education research, but how qualitative approaches advance health equity has not been well described. Qualitative research is an increasingly important methodologic tool to use in efforts to understand, inform, and advance health equity. Qualitative research provides critical insight into the subjective meaning and context of health that can be essential for understanding where and how to intervene to inform health equity research and practice. We describe the larger context for this special theme issue of Health Education & Behavior, provide brief overviews of the 15 articles that comprise the issue, and discuss the promise of qualitative research that seeks to contextualize and illuminate answers to research questions in efforts to promote health equity. We highlight the critical role that qualitative research can play in considering and incorporating a diverse array of contextual information that is difficult to capture in quantitative research.

  17. Accounting Issues: An Essay Series Part VIII--Stockholders' Equity

    Science.gov (United States)

    Laux, Judy

    2008-01-01

    This eighth installment in the series on accounting theory pertains to stockholders' equity and its related conceptual, measurement and ethical issues. Coverage includes the associated theoretical, empirical, and popular literature. (Contains 5 footnotes.)

  18. Open Schools for improving Equity and Quality Education

    NARCIS (Netherlands)

    Stracke, Christian M.

    2016-01-01

    Invited Speech at International Lensky Education Forum 2016, Yakutsk, Republic of Sakha, Russian Federation, by Stracke, C. M. (2016, 16 August): "Open Schools for improving Equity and Quality Education"

  19. Approaches that Affect Consumer-Based Brand Equity

    National Research Council Canada - National Science Library

    Denise Santos De Oliveira; Mauro Caetano; Ricardo Limongi França Coelho

    2017-01-01

    ...: brand associations, brand awareness, perceived quality and brand loyalty. The extensive analysis of literature shows that there are significant differences between factors affecting each of the brand equity dimensions...

  20. The Informatics of the Equity Markets - A Collaborative Approach

    National Research Council Canada - National Science Library

    Claudiu, VINTE

    2009-01-01

    .... It is meant to offer a succinct introduction to the various technologies tailored to tackle the data transfer between the participants on an equity market, the architectural approaches regarding...

  1. BRAND EQUITY WITHIN THE FRAMEWORK OF BRANDING CONCEPT

    Directory of Open Access Journals (Sweden)

    Hande BİLSEL ENGİN

    2016-08-01

    Full Text Available Contemporary marketing theory and practice is founded upon the descriptive and explanatory premises of how brands are managed and utilized. In this study, learning and approaches concerning brand equity and its assessment will be discussed. This theoretical evaluation will present an indication in terms of being both an important step on the way of developing the marketing theory and also of showing how far the conceptual structures can differ from one another. Within this framework, a taxonomical synthesis of approaches towards these concepts will be presented as well as putting together a study which might light the way of future studies to be conducted towards a more unified brand equity theory. Principally, sources of brand equity and determining factors of brand equity formation will be considered in theoretical and historical terms.

  2. Employment equity in Canada and South Africa: a comparative review

    OpenAIRE

    Jain, Harish; Horwitz, Frank M.; Wilkin, Christa L.

    2011-01-01

    The South African Government has sought to redress the historical legacy of workplace discrimination by introducing the Employment Equity Act (1998), which was largely modeled on the Canadian Employment Equity Act. Although there is very little comparative information between South Africa and Canada, we fill this gap by reviewing the literature in both countries, highlighting common features of the legislation, discussing the effectiveness of legislation in both countries as well as the progr...

  3. Financial crises and volatility spillovers among emerging European equity markets

    OpenAIRE

    Ugur Ergun; Zehra Mahmutović

    2014-01-01

    Financial crisis not only have statistically but also economically significant impact on global equity market returns. This study analyzes whether current financial crisis affect the equity market returns of Balkan transition economies and what is the extent of such impact by employing Generalized Autoregressive Conditional Heteroscedasticity model is employed on daily data spans from 2006 to 2012 for three transition economies which are Bosnia-Herzegovina, Croatia and Serbia. Empirical resul...

  4. Financial crises and volatility spillovers among emerging European equity markets.

    OpenAIRE

    Ugur Ergun, Zehra Mahmutović.

    2014-01-01

    Financial crisis not only have statistically but also economically significant impact on global equity market returns. This study analyzes whether current financial crisis affect the equity market returns of Balkan transition economies and what is the extent of such impact by employing Generalized Autoregressive Conditional Heteroscedasticity model is employed on daily data spans from 2006 to 2012 for three transition economies which are Bosnia-Herzegovina, Croatia and Serbia. Empirical resul...

  5. Designing a health equity audit model for Iran in 2010

    Directory of Open Access Journals (Sweden)

    Saeed Karimi

    2011-01-01

    Full Text Available Background: Health equity audit, as an alternative solution, is a process by which local partners systematically review inequalities in the patients` health, their access to appropriate services and health system outputs. Then, necessary activities needed in order to have more equitable services are agreed on and these concurrences become the executive scheme and action initiates. Therefore, it is pivotal for health care organizations to pay special attention to this important topic. The objective of the current study was to review the health equity audit model in different countries to gather viewpoints of various involved groups in health sector, particularly health experts, and to offer a practical and appropriate model for health equity audit in Iran. Methods: This study adopted applied research approach in two phases. In the first step, this study conducted theoretical health equity audit models in the texts; the experiences of other countries were studied and the most appropriate model for Iranian health system was selected. In the second step, this study employed the Delphi technique. According to the Delphi technique the questionnaire applied in order to gather data and then, the final model was extracted. Results: Agreeable topics, performing agencies, 6 equity audit stages, and equity indicators under 3 main parts with 16 sub-sections were elaborated and viewpoints of Iranian experts in the above fields were gathered and presented as the proposed health equity audit model for Iran. Conclusions: This study reviewed the model of health equity audit for UK and provided a comparative model for health system of Iran with respect to the opinions of academic experts.

  6. Prominent Determinants of Consumer-Based Brand Equity

    OpenAIRE

    Elisa Battistoni; Andrea Fronzetti Colladon; Giulia Mercorelli

    2013-01-01

    In this paper we investigate the most prominent drivers of brand equity, from a consumerbased point of view. We present a new approach for measuring brand equity, which can be applied regardless of the brand sector and is based on the Analytic Hierarchy Process. This approach has the main advantage of allowing for comparisons to be made between non‐directly measurable elements and also has the advantage of enabling the ranking of intangible criteria, such as consumers’ feelings or purchase in...

  7. FACTORS INFLUENCING BRAND EQUITY OF BALI AS A TOURISM DESTINATION

    OpenAIRE

    I Ketut Surya Diarta; I Gde Pitana; Nyoman Darma Putra; Agung Suryawan Wiranatha

    2016-01-01

    Globally, competition among tourism destinations is more stringent in getting foreign tourists, including Bali. One effort to win the competition is increasing destination brand equity through maintaining its influencing factors and gaining tourist positive behavior toward destination. This effort, in long run, will increase and stabilize destination revenue and sustainability. This research aims to analyze factors influencing brand equity of Bali as a tourism destination. This research was c...

  8. FACTORS INFLUENCING BRAND EQUITY OF BALI AS A TOURISM DESTINATION

    Directory of Open Access Journals (Sweden)

    I Ketut Surya Diarta

    2016-03-01

    Full Text Available Globally, competition among tourism destinations is more stringent in getting foreign tourists, including Bali. One effort to win the competition is increasing destination brand equity through maintaining its influencing factors and gaining tourist positive behavior toward destination. This effort, in long run, will increase and stabilize destination revenue and sustainability. This research aims to analyze factors influencing brand equity of Bali as a tourism destination. This research was conducted in Bali’s five major tourism objects. The 240 foreign tourists were chosen as respondents through convenience sampling technique. Data were analyzed using factor analysis. The results showed that factors that significantly influenced Bali brand equity were: symbolic and experiential benefit factor, direct and indirect destinations attributes, destination reliability and tangibility, assurance and empathy, brand destinations recognition and recall, destinations common psychological attributes, destination common functional attributes, unique functional attributes, behavioral loyalty, destination awareness, and attitudinal loyalty. Given the fluctuative nature of brand equity, Bali needs a consistent effort to maintain or to enhance brand equity of Bali as a tourism destination. Maintaining the dominant factors that influence the strength of brand equity can be used as a basis to develop destination branding strategy to expand market segment,  choose the right target market, and anchoring destination position in world market competition.

  9. An equity tool for health impact assessments: Reflections from Mongolia

    Energy Technology Data Exchange (ETDEWEB)

    Snyder, Jeremy, E-mail: jeremycsnyder@sfu.ca [Faculty of Health Sciences, Simon Fraser University, 8888 University Drive, Burnaby, BC, V5A 1S6 (Canada); Wagler, Meghan, E-mail: meghanwagler@gmail.com [Department of Health, Enkhtaivan Street, Building 13b, Suukhbaatar District, First Khoroo, Ulaanbaatar (Mongolia); Lkhagvasuren, Oyun, E-mail: l_oyun2002@yahoo.com [Department of Health, Enkhtaivan Street, Building 13b, Suukhbaatar District, First Khoroo, Ulaanbaatar (Mongolia); Laing, Lory, E-mail: lory.laing@ualberta.ca [School of Public Health, University of Alberta, 3-50E University Terrace, Edmonton, AB, T6G 2T4 (Canada); Davison, Colleen, E-mail: cmdaviso@ucalgary.ca [Department of Community Health and Epidemiology, 2nd and 3rd Floors, Carruthers Hall, Queen& #x27; s University Kingston, ON, K7L 3N6 (Canada); Janes, Craig, E-mail: craigj@sfu.ca [Faculty of Health Sciences, Simon Fraser University, 8888 University Drive, Burnaby, BC, V5A 1S6 (Canada)

    2012-04-15

    A health impact assessment (HIA) is a tool for assessing the potential effects of a project or policy on a population's health. In this paper, we discuss a tool for successfully integrating equity concerns into HIAs. This discussion is the product of collaboration by Mongolian and Canadian experts, and it incorporates comments and suggestions of participants of a workshop on equity focused HIAs that took place in Mongolia in October, 2010. Our motivation for discussing this tool is based on the observation that existing HIAs tend either to fail to define equity or use problematic accounts of this concept. In this paper we give an overview of socio-demographic and health indicators in Mongolia and briefly discuss its mining industry. We then review three accounts of equity and argue for the importance of developing a consensus understanding of this concept when integrating considerations of equity into an HIA. Finally, we present findings from the workshop in Mongolia and outline a tool, derived from lessons from this workshop, for critically considering and integrating the concept of equity into an HIA.

  10. Creating the Business Case for Achieving Health Equity.

    Science.gov (United States)

    Chin, Marshall H

    2016-07-01

    Health care organizations have increasingly acknowledged the presence of health care disparities across race/ethnicity and socioeconomic status, but significantly fewer have made health equity for diverse patients a true priority. Lack of financial incentives is a major barrier to achieving health equity. To create a business case for equity, governmental and private payors can: 1) Require health care organizations to report clinical performance data stratified by race, ethnicity, and socioeconomic status. 2) Incentivize preventive care and primary care. Implement more aggressive shared savings plans, update physician relative value unit fee schedules, and encourage partnerships across clinical and non-clinical sectors. 3) Incentivize the reduction of health disparities with equity accountability measures in payment programs. 4) Align equity accountability measures across public and private payors. 5) Assist safety-net organizations. Provide adequate Medicaid reimbursement, risk-adjust clinical performance scores for sociodemographic characteristics of patients, provide support for quality improvement efforts, and calibrate cuts to Disproportionate Share Hospital (DSH) payments to the pace of health insurance expansion. 6) Conduct demonstration projects to test payment and delivery system reform interventions to reduce disparities. Commitment to social justice is essential to achieve health equity, but insufficient without a strong business case that makes interventions financially feasible.

  11. BRAND EQUITY OF LAHORE FORT AS A TOURISM DESTINATION BRAND

    Directory of Open Access Journals (Sweden)

    Muhammad Kashif

    2015-06-01

    Full Text Available Studies that measure the brand equity of destination brands by using the Customer-Based Brand Equity (CBBE model in a developing country context are scarce. The present study investigates the destination brand equity of the Lahore Fort by employing the CBBE model in a developing country context of Pakistan. Following the positivist tradition, we adopted a survey-based approach to collect data from 237 tourists visiting the Lahore Fort. Data were collected through a questionnaire developed to explain the relationship of brand awareness, brand image, brand association, and brand loyalty with Lahore Fort’s overall brand equity. We used various robust statistical techniques such as correlation, regression and confirmatory factor analysis (using PLS method to reach meaningful conclusions and found that brand image and brand associations positively contribute to brand loyalty. Furthermore, brand loyalty significantly contributes towards overall brand equity. Pragmatically, this study measures the customer based brand equity of the Lahore Fort, a destination brand. The results are useful as they suggest a few strategies that can help policy makers to enhance Lahore Fort’s brand performance.

  12. Examining Equity Sensitivity: An Investigation Using the Big Five and HEXACO Models of Personality.

    Science.gov (United States)

    Woodley, Hayden J R; Bourdage, Joshua S; Ogunfowora, Babatunde; Nguyen, Brenda

    2015-01-01

    The construct of equity sensitivity describes an individual's preference about his/her desired input to outcome ratio. Individuals high on equity sensitivity tend to be more input oriented, and are often called "Benevolents." Individuals low on equity sensitivity are more outcome oriented, and are described as "Entitleds." Given that equity sensitivity has often been described as a trait, the purpose of the present study was to examine major personality correlates of equity sensitivity, so as to inform both the nature of equity sensitivity, and the potential processes through which certain broad personality traits may relate to outcomes. We examined the personality correlates of equity sensitivity across three studies (total N = 1170), two personality models (i.e., the Big Five and HEXACO), the two most common measures of equity sensitivity (i.e., the Equity Preference Questionnaire and Equity Sensitivity Inventory), and using both self and peer reports of personality (in Study 3). Although results varied somewhat across samples, the personality variables of Conscientiousness and Honesty-Humility, followed by Agreeableness, were the most robust predictors of equity sensitivity. Individuals higher on these traits were more likely to be Benevolents, whereas those lower on these traits were more likely to be Entitleds. Although some associations between Extraversion, Openness, and Neuroticism and equity sensitivity were observed, these were generally not robust. Overall, it appears that there are several prominent personality variables underlying equity sensitivity, and that the addition of the HEXACO model's dimension of Honesty-Humility substantially contributes to our understanding of equity sensitivity.

  13. Do the equity-efficiency preferences of the Israeli Basket Committee match those of Israeli health policy makers?

    Science.gov (United States)

    Shmueli, Amir

    2017-01-01

    Prioritization of medical technologies requires a multi-dimensional view. Often, conflicting equity and efficiency criteria should be reconciled. The most dramatic manifestation of such conflict is in the prioritization of new medical technologies asking for public finance performed yearly by the Israeli Basket Committee. The aim of this paper is to compare the revealed preferences of the 2006/7 Basket Committee's members with the declared preferences of health policy-makers in Israel. We compared the ranking of a sample of 18 accepted and 16 rejected technologies evaluated by the 2006/7 Basket Committee with the ranking of these technologies as predicted based on the preferences of Israeli health policy-makers. These preferences were elicited by a recent Discrete Choice Experiment (DCE) which estimated the relative weights of four equity and three efficiency criteria. The candidate technologies were characterized by these seven criteria, and their ranking was determined. A third comparative ranking of these technologies was the efficiency ranking, which is based on international data on cost per QALY gained. The Committee's ranking of all technologies show no correspondence with the policy-makers' ranking. The correlation between the two is negative when only accepted technologies are ranked. The Committee's ranking is positively correlated with the efficiency ranking, while the health policy-makers' ranking is not. The Committee appeared to assign to efficiency considerations a higher weight than assigned by health policy-makers. The main explanation is that while policy-makers' ranking is based on stated preferences, that of the Committee reflects revealed preferences. Real life prioritization, made under a budget constraint, enhances the importance of efficiency considerations at the expense of equity ones. In order for Israeli health policy to be consistent and well coordinated across policy-makers, some discussions and exchanges are needed, to arrive at a

  14. Instigating involvement through consumer-based brand equity : an attitudinal study of consumer-based brand equity and consumer involvement

    OpenAIRE

    Bredberg, David; Holmquist, Johan

    2009-01-01

    Recent research on links between dimensions of consumer-based brand equity, as well as links to consumer involvement, has shown that it is a significant predictor of purchase behavior. The purpose of this dissertation is to explore the affect brands have on consumer involvement. We attempt to investigate how consumer-based brand equity affects the level of consumer involvement. Based on consumer behavior theory and previous research of these areas, gathered primary data (an empirical investig...

  15. Life Cost Based FMEA Manual: A Step by Step Guide to Carrying Out a Cost-based Failure Modes and Effects Analysis

    Energy Technology Data Exchange (ETDEWEB)

    Rhee, Seung; Spencer, Cherrill; /Stanford U. /SLAC

    2009-01-23

    definition of detection difficulty (D) is how well the organization controls the development process. Another definition relates to the detectability of a particular failure in the product when it is in the hands of the customer. The former asks 'What is the chance of catching the problem before we give it to the customer'? The latter asks 'What is the chance of the customer catching the problem before the problem results in a catastrophic failure?' (Palady, 1995) These differing definitions confuse the FMEA users when one tries to determine detection difficulty. Are we trying to measure how easy it is to detect where a failure has occurred or when it has occurred? Or are we trying to measure how easy or difficult it is to prevent failures? Ordinal scale variables are used to rank-order industries such as, hotels, restaurants, and movies (Note that a 4 star hotel is not necessarily twice as good as a 2 star hotel). Ordinal values preserve rank in a group of items, but the distance between the values cannot be measured since a distance function does not exist. Thus, the product or sum of ordinal variables loses its rank since each parameter has different scales. The RPN is a product of 3 independent ordinal variables, it can indicate that some failure types are 'worse' than others, but give no quantitative indication of their relative effects. To resolve the ambiguity of measuring detection difficulty and the irrational logic of multiplying 3 ordinal indices, a new methodology was created to overcome these shortcomings, Life Cost-Based FMEA. Life Cost-Based FMEA measures failure/risk in terms of monetary cost. Cost is a universal parameter that can be easily related to severity by engineers and others. Thus, failure cost can be estimated using the following simplest form: Expected Failure Cost = {sup n}{Sigma}{sub i=1}p{sub i}c{sub i}, p: Probability of a particular failure occurring; c: Monetary cost associated with that particular failure; and

  16. Cost-based optimization of a nuclear reactor core design: a preliminary model

    Energy Technology Data Exchange (ETDEWEB)

    Sacco, Wagner F.; Alves Filho, Hermes [Universidade do Estado do Rio de Janeiro (UERJ), Nova Friburgo, RJ (Brazil). Inst. Politecnico. Dept. de Modelagem Computacional]. E-mails: wfsacco@iprj.uerj.br; halves@iprj.uerj.br; Pereira, Claudio M.N.A. [Instituto de Engenharia Nuclear (IEN), Rio de Janeiro, RJ (Brazil). Div. de Reatores]. E-mail: cmnap@ien.gov.br

    2007-07-01

    A new formulation of a nuclear core design optimization problem is introduced in this article. Originally, the optimization problem consisted in adjusting several reactor cell parameters, such as dimensions, enrichment and materials, in order to minimize the radial power peaking factor in a three-enrichment zone reactor, considering restrictions on the average thermal flux, criticality and sub-moderation. Here, we address the same problem using the minimization of the fuel and cladding materials costs as the objective function, and the radial power peaking factor as an operational constraint. This cost-based optimization problem is attacked by two metaheuristics, the standard genetic algorithm (SGA), and a recently introduced Metropolis algorithm called the Particle Collision Algorithm (PCA). The two algorithms are submitted to the same computational effort and their results are compared. As the formulation presented is preliminary, more elaborate models are also discussed (author)

  17. Cost-based droop scheme with lower generation costs for microgrids

    DEFF Research Database (Denmark)

    Nutkani, Inam Ullah; Loh, Poh Chiang; Blaabjerg, Frede

    2014-01-01

    In an autonomous microgrid where centralised management and communication links are not viable, droop control has been the preferred scheme for distributed generators (DGs). At present, although many droop variations have surfaced, they mainly focus on achieving proportional power sharing based...... on the DG kilovolts ampere (kVA) ratings. Other factors like generation costs, efficiencies and emission penalties at different load demands have not been considered. This omission might not be appropriate if different types of DGs are present in the microgrids. As an alternative, this study proposes a cost......-based droop scheme, whose objective is to reduce a generation cost function realised with various DG operating characteristics taken into consideration. Where desired, proportional power sharing based on the DG kVA ratings can also be included, whose disadvantage is a slightly higher generation cost, which...

  18. Cost-based droop scheme with lower generation costs for microgrids

    DEFF Research Database (Denmark)

    Nutkani, I. U.; Loh, Poh Chiang; Blaabjerg, Frede

    2013-01-01

    In an autonomous microgrid where centralized management and communication links are not viable, droop control has been the preferred scheme for power sharing among distributed generators (DGs). At present, although many droop variations have been proposed to achieve proportional power sharing based...... on the DG kVA ratings. Other operating characteristics like generation costs, efficiencies and emission penalties at different loadings have not been considered. This makes existing droop schemes not too well-suited for standalone microgrids without central management system, where different types of DGs...... usually exist. As an alternative, this paper proposes a cost-based droop scheme, whose objective is to reduce a generation cost realized with various DG operating characteristics taken into consideration. The proposed droop scheme therefore retains all advantages of the traditional droop schemes, while...

  19. Modeling Equity for Alternative Water Rate Structures

    Science.gov (United States)

    Griffin, R.; Mjelde, J.

    2011-12-01

    The rising popularity of increasing block rates for urban water runs counter to mainstream economic recommendations, yet decision makers in rate design forums are attracted to the notion of higher prices for larger users. Among economists, it is widely appreciated that uniform rates have stronger efficiency properties than increasing block rates, especially when volumetric prices incorporate intrinsic water value. Yet, except for regions where water market purchases have forced urban authorities to include water value in water rates, economic arguments have weakly penetrated policy. In this presentation, recent evidence will be reviewed regarding long term trends in urban rate structures while observing economic principles pertaining to these choices. The main objective is to investigate the equity of increasing block rates as contrasted to uniform rates for a representative city. Using data from four Texas cities, household water demand is established as a function of marginal price, income, weather, number of residents, and property characteristics. Two alternative rate proposals are designed on the basis of recent experiences for both water and wastewater rates. After specifying a reasonable number (~200) of diverse households populating the city and parameterizing each household's characteristics, every household's consumption selections are simulated for twelve months. This procedure is repeated for both rate systems. Monthly water and wastewater bills are also computed for each household. Most importantly, while balancing the budget of the city utility we compute the effect of switching rate structures on the welfares of households of differing types. Some of the empirical findings are as follows. Under conditions of absent water scarcity, households of opposing characters such as low versus high income do not have strong preferences regarding rate structure selection. This changes as water scarcity rises and as water's opportunity costs are allowed to

  20. Significant components of service brand equity in healthcare sector.

    Science.gov (United States)

    Chahal, Hardeep; Bala, Madhu

    2012-01-01

    The purpose of the study is to examine three significant components of service brand equity--i.e. perceived service quality, brand loyalty, and brand image--and analyze relationships among the components of brand equity and also their relationship with brand equity, which is still to be theorized and developed in the healthcare literature. Effective responses were received from 206 respondents, selected conveniently from the localities of Jammu city. After scale item analysis, the data were analyzed using factor analysis, correlations, t-tests, multiple regression analysis and path modeling using SEM. The findings of the study support that service brand equity in the healthcare sector is greatly influenced by brand loyalty and perceived quality. However, brand image has an indirect effect on service brand equity through brand loyalty (mediating variable). The research can be criticized on the ground that data were selected conveniently from respondents residing in the city of Jammu, India. But at the same time the respondents were appropriate for the study as they have adequate knowledge about the hospitals, and were associated with the selected hospital for more than four years. Furthermore, the validity and reliability of the data are strong enough to take care of the limitations of the convenience sampling selection method. The study has unique value addition to the service marketing vis-à-vis healthcare literature, from both theoretical and managerial perspectives. The study establishes a direct and significant relationship between service brand equity and its two components, i.e. perceived service quality and brand loyalty in the healthcare sector. It also provides directions to healthcare service providers in creating, enhancing, and maintaining service brand equity through service quality and brand loyalty, to sustain competitive advantage.

  1. Brand equity and willingness to pay for condoms in zimbabwe

    Science.gov (United States)

    2011-01-01

    Background Zimbabwe suffers from one of the greatest burdens of HIV/AIDS in the world that has been compounded by social and economic instability in the past decade. However, from 2001 to 2009 HIV prevalence among 15-49 year olds declined from 26% to approximately 14%. Behavior change and condom use may in part explain this decline. PSI-Zimbabwe socially markets the Protector Plus (P+) branded line of condoms. When Zimbabwe converted to a dollar-based economy in 2009, the price of condoms was greatly increased and new marketing efforts were undertaken. This paper evaluates the role of condom marketing, a multi-dimensional scale of brand peceptions (brand equity), and price in condom use behavior. Methods We randomly sampled sexually active men age 15-49 from 3 groups - current P+ users, former users, and free condom users. We compared their brand equity and willingness to pay based on survey results. We estimated multivariable logistic regression models to compare the 3 groups. Results We found that the brand equity scale was positive correlated with willingness to pay and with condom use. Former users also indicated a high willingness to pay for condoms. We found differences in brand equity between the 3 groups, with current P+ users having the highest P+ brand equity. As observed in previous studies, higher brand equity was associated with more of the targeted health behavior, in this case and more consistent condom use. Conclusions Zimbabwe men have highly positive brand perceptions of P+. There is an opportunity to grow the total condom market in Zimbabwe by increasing brand equity across user groups. Some former users may resume using condoms through more effective marketing. Some free users may be willing to pay for condoms. Achieving these objectives will expand the total condom market and reduce HIV risk behaviors. PMID:22029874

  2. Brand equity and willingness to pay for condoms in zimbabwe

    Directory of Open Access Journals (Sweden)

    Snider Jeremy

    2011-10-01

    Full Text Available Abstract Background Zimbabwe suffers from one of the greatest burdens of HIV/AIDS in the world that has been compounded by social and economic instability in the past decade. However, from 2001 to 2009 HIV prevalence among 15-49 year olds declined from 26% to approximately 14%. Behavior change and condom use may in part explain this decline. PSI-Zimbabwe socially markets the Protector Plus (P+ branded line of condoms. When Zimbabwe converted to a dollar-based economy in 2009, the price of condoms was greatly increased and new marketing efforts were undertaken. This paper evaluates the role of condom marketing, a multi-dimensional scale of brand peceptions (brand equity, and price in condom use behavior. Methods We randomly sampled sexually active men age 15-49 from 3 groups - current P+ users, former users, and free condom users. We compared their brand equity and willingness to pay based on survey results. We estimated multivariable logistic regression models to compare the 3 groups. Results We found that the brand equity scale was positive correlated with willingness to pay and with condom use. Former users also indicated a high willingness to pay for condoms. We found differences in brand equity between the 3 groups, with current P+ users having the highest P+ brand equity. As observed in previous studies, higher brand equity was associated with more of the targeted health behavior, in this case and more consistent condom use. Conclusions Zimbabwe men have highly positive brand perceptions of P+. There is an opportunity to grow the total condom market in Zimbabwe by increasing brand equity across user groups. Some former users may resume using condoms through more effective marketing. Some free users may be willing to pay for condoms. Achieving these objectives will expand the total condom market and reduce HIV risk behaviors.

  3. Brand equity and willingness to pay for condoms in Zimbabwe.

    Science.gov (United States)

    Evans, W Douglas; Taruberekera, Noah; Longfield, Kim; Snider, Jeremy

    2011-10-26

    Zimbabwe suffers from one of the greatest burdens of HIV/AIDS in the world that has been compounded by social and economic instability in the past decade. However, from 2001 to 2009 HIV prevalence among 15-49 year olds declined from 26% to approximately 14%. Behavior change and condom use may in part explain this decline.PSI-Zimbabwe socially markets the Protector Plus (P+) branded line of condoms. When Zimbabwe converted to a dollar-based economy in 2009, the price of condoms was greatly increased and new marketing efforts were undertaken. This paper evaluates the role of condom marketing, a multi-dimensional scale of brand peceptions (brand equity), and price in condom use behavior. We randomly sampled sexually active men age 15-49 from 3 groups - current P+ users, former users, and free condom users. We compared their brand equity and willingness to pay based on survey results. We estimated multivariable logistic regression models to compare the 3 groups. We found that the brand equity scale was positive correlated with willingness to pay and with condom use. Former users also indicated a high willingness to pay for condoms. We found differences in brand equity between the 3 groups, with current P+ users having the highest P+ brand equity. As observed in previous studies, higher brand equity was associated with more of the targeted health behavior, in this case and more consistent condom use. Zimbabwe men have highly positive brand perceptions of P+. There is an opportunity to grow the total condom market in Zimbabwe by increasing brand equity across user groups. Some former users may resume using condoms through more effective marketing. Some free users may be willing to pay for condoms. Achieving these objectives will expand the total condom market and reduce HIV risk behaviors.

  4. DISPOSITION EFFECT AMONG BRAZILIAN EQUITY FUND MANAGERS

    Directory of Open Access Journals (Sweden)

    Eduardo Pozzi Lucchesi

    2015-01-01

    Full Text Available The disposition effect predicts that investors tend to sell winning stocks too soon and ride losing stocks too long. Despite the wide range of research evidence about this issue, the reasons that lead investors to act this way are still subject to much controversy between rational and behavioral explanations. In this article, the main goal was to test two competing behavioral motivations to justify the disposition effect: prospect theory and mean reversion bias. To achieve it, an analysis of monthly transactions for a sample of 51 Brazilian equity funds from 2002 to 2008 was conducted and regression models with qualitative dependent variables were estimated in order to set the probability of a manager to realize a capital gain or loss as a function of the stock return. The results brought evidence that prospect theory seems to guide the decision-making process of the managers, but the hypothesis that the disposition effect is due to mean reversion bias could not be confirmed.

  5. Equity, sustainability and governance in urban settings.

    Science.gov (United States)

    Rice, Marilyn; Hancock, Trevor

    2016-03-01

    In this commentary the urban setting is explored from the perspective of ecological sustainability and social equity. Urban-related issues are highlighted related to social inequality, deficits in urban infrastructures, behavior-related illnesses and risks, global ecological changes, and urban sprawl. Approaches to addressing these issues are described from the perspective of urban governance, urban planning and design, social determinants of health, health promotion, and personal and community empowerment. Examples of successful strategies are provided from Latin America, including using participatory instruments (assessments, evaluation, participatory budgeting, etc.), establishing intersectoral committees, increasing participation of civil society organizations, and developing virtual forums and networks to channel participatory and collaborative processes. A way forward is proposed, using the urban setting to show the imperative of creating intersectoral policies and programs that produce environments that are both healthy and sustainable. It will be important to include new forms of social participation and use social media to facilitate citizen decision-making and active participation of all sectors of society, especially excluded groups. © The Author(s) 2015.

  6. Developmental Origins, Epigenetics, and Equity: Moving Upstream.

    Science.gov (United States)

    Wallack, Lawrence; Thornburg, Kent

    2016-05-01

    The Developmental Origins of Health and Disease and the related science of epigenetics redefines the meaning of what constitutes upstream approaches to significant social and public health problems. An increasingly frequent concept being expressed is "When it comes to your health, your zip code may be more important than your genetic code". Epigenetics explains how the environment-our zip code-literally gets under our skin, creates biological changes that increase our vulnerability for disease, and even children's prospects for social success, over their life course and into future generations. This science requires us to rethink where disease comes from and the best way to promote health. It identifies the most fundamental social equity issue in our society: that initial social and biological disadvantage, established even prior to birth, and linked to the social experience of prior generations, is made worse by adverse environments throughout the life course. But at the same time, it provides hope because it tells us that a concerted focus on using public policy to improve our social, physical, and economic environments can ultimately change our biology and the trajectory of health and social success into future generations.

  7. Substitution among exhaustible resources and intergenerational equity

    Energy Technology Data Exchange (ETDEWEB)

    Hartwick, J.M.

    1978-06-01

    Hartwick (American Econ. Rev., 66 (Dec. 1977)) showed that implicit in R.M. Solow's model of intergenerational equity and exhaustible resources (Rev. Econ. Studies (Symposium, 1974) 29-46) was the savings-investment rule: society should invest in reproducible capital precisely the current returns from the use of flows of exhaustible resources in order to maintain per capita consumption constant. Population was assumed to remain constant. Solow and Hartwick assumed that there was only one exhaustible resource. Beckmann (American Econ. Rev., 65, 695-99 (Sept 1975)) investigated optimal growth in models with many exhaustible resources. In this paper the case of many exhaustible resources is considered and results are derived on substitution among resources and on the nature of paths of development. One of Beckmann's results on substitution is analyzed. The approach is first to analyze efficient paths under the assumption of general savings functions and then to analyze efficient paths under the assumption of the special savings function referred to above. Results indicate the Solow's existence theorem remains valid for the case of many exhaustible resources and some light is shed on the existence of paths for production functions not of the Cobb-Douglas form. 12 references.

  8. International For-Profit Investments in Microfinance Institutions Equity

    Directory of Open Access Journals (Sweden)

    Carlos Rodriguez Monroy

    2013-07-01

    Full Text Available Purpose: The purpose of this document is to review the funding options for Microfinance Institutions (MFIs, define the size of the holdings of international investors in MFI equity and in particular the MFIs listed in stock exchanges, analyze the characteristics of these subset of the financial world and study the stock exchange evolution of some listed MFIs amid the financial crisis. Design/methodology/approach: Since academic literature on listed MFI equity is virtually inexistent, most of the information has been obtained from the World Bank, annual accounts of the listed MFIs, stock exchanges and from equity research documents. Findings and Originality/value: Microfinance Institutions share several common characteristics that make them a resilient business and the few MFIs that are listed in stock exchanges seem to have performed better in the financial crisis. Microfinance can be considered as one of the new frontiers of the expansion of the global banking industry. Practical implications: Presently, international for-profit investors have very few ways of investing in microfinance equity. Most of the equity of the MFI equity is funded locally or thanks to the local public sector. The stock exchange listing of the MFIs should drive MFIs towards a more professional management, more transparency and better governance. Social implications: Microfinance Institutions provide credit to microenterprises in poor countries that have no other alternative sources of external capital to expand its activity. If global investors could easily invest in the listed equity of the MFIs these institutions would expand its lending books and would improve its governance, part of the population living in poor areas or with lower income could ameliorate its standard of living. Originality/value: The number of Microfinance Institutions that are professionally run like commercial banks is still scarce and even more scarce are the MFI listed in public stock exchanges

  9. BRAND EQUITY SUSU CAIR UHT DAN PENGARUHNYA PADA PURCHASE INTENTION

    Directory of Open Access Journals (Sweden)

    Dharmawan Santoso

    2015-03-01

    Full Text Available Based on the Top Brand Survey of liquid milk products of 2012–2015, the rank of Frisian Flag has decreased since 2014. The objectives of this study were to 1 analyze the brand equity of Ultramilk, Indomilk, Frisian Flag, Milo and Bear Brand  and influences of brand equity on purchase intention for the UHT milk products. The descriptive analysis, Cochran test, semantic differential scale, and multiple-linear regression were used in the data analysis. As many as 105 respondents were involved in this study and selected by a purposive sampling method. The results showed that 1 Ultramilk is the top of mind and has five brand image associations, and it has attributes of food safety and healthy and good taste with extremely good scales. Bear Brand has attributes of food safety and complete nutritional content, and Milo has the best pyramid of loyalty, and 2 Brand equity simultaneously has a significant influence on purchase intention. However, in partial, the elements of brand equity that have significant influences on purchase intention include brand association and brand loyalty. Keywords: brand equity, Giant, purchase intention, milk, UHTABSTRAKTop Brand Survey 2012-2015 menunjukkan bahwa Frisian Flag mengalami penurunan peringkat dalam Top Brand Index produk susu cair. Penelitian ini bertujuan untuk menganalisis brand equity susu cair UHT Ultramilk, Indomilk, Frisian Flag, Milo dan Bear Brand beserta pengaruh brand equity pada purchase intention. Pengolahan data dengan menggunakan analisis deskriptif, uji cochran, skala semantic differential, dan regresi linier berganda. Responden dalam penelitian ini berjumlah 105 orang dengan metode penarikan contoh purposive sampling. Hasil penelitian menunjukkan bahwa 1 Ultramilk menjadi top of mind serta memiliki jumlah asosiasi pembentuk brand image terbanyak dari merek lainnya; kesan kualitas produk aman menyehatkan dan rasa enak berskala sangat baik dimiliki Ultramilk, sedangkan Bear Brand yaitu  produk

  10. Do social media marketing activities enhance customer equity? An empirical study of luxury fashion brand

    National Research Council Canada - National Science Library

    Kim, Angella J; Ko, Eunju

    2012-01-01

    ... equity, customer equity, and purchase intention through a structural equation model. Five constructs of perceived SSM activities of luxury fashion brands are entertainment, interaction, trendiness, customization, and word of mouth...

  11. Anomalous Returns in a Neural Network Equity-Ranking Predictor

    CERN Document Server

    Satinover, J B

    2008-01-01

    Using an artificial neural network (ANN), a fixed universe of approximately 1500 equities from the Value Line index are rank-ordered by their predicted price changes over the next quarter. Inputs to the network consist only of the ten prior quarterly percentage changes in price and in earnings for each equity (by quarter, not accumulated), converted to a relative rank scaled around zero. Thirty simulated portfolios are constructed respectively of the 10, 20,..., and 100 top ranking equities (long portfolios), the 10, 20,..., 100 bottom ranking equities (short portfolios) and their hedged sets (long-short portfolios). In a 29-quarter simulation from the end of the third quarter of 1994 through the fourth quarter of 2001 that duplicates real-world trading of the same method employed during 2002, all portfolios are held fixed for one quarter. Results are compared to the S&P 500, the Value Line universe itself, trading the universe of equities using the proprietary ``Value Line Ranking System'' (to which this...

  12. the effect of external knowledge on brand equity

    Directory of Open Access Journals (Sweden)

    sajad khani

    2014-09-01

    Full Text Available Most traditional organizations managers focus on tangible and financial assets such as land, money, labor and ... One of the industries where competition is intense day by day the concept of competitive advantage and value creation in its resolution finds the banking industry. In this regard, the present study sought to examine the impact of intangible assets (external knowledge to improve service quality and brand equity in the banking industry and the Export Development Bank of Iran. This type of survey and the statistical community with both customers and employees. Sampling survey is stratified, the sample size is 384 customers Cochran formula and the size of the staff, according to Morgan, is 86. Well for structural equation modeling analysis of data, ‌ Model (SEM and Confirmatory Factor Analysis (CFA is used. Research findings show that external knowledge is directly significant effect on brand equity. Also, the effect of foreign knowledge through knowledge chain mediator variable exerts a positive impact on the quality of service and if there is a direct impact of foreign knowledge will affect the quality of service. The changing role of mediating variable chain is very strong. Significant impact on brand equity but also the quality of individual customers, suppliers and competitors are not the only dimensions of brand equity through a chain of significant impact on brand equity to the.

  13. CUSTOMER EQUITY:MAKING MARKETING STRATEGY FINANCIALLY ACCOUNTABLE

    Institute of Scientific and Technical Information of China (English)

    Ashwin ARAVINDAKSHAN; Roland T. RUST; Katherine N. LEMON; Valerie A. ZEITHAML

    2004-01-01

    The article presents an overview of the literature on customer equity and how customer equity provides an opportunity for marketers to make marketing strategy financially accountable.Traditionally, Return on Investment (ROI) models have been used to evaluate the financial expenditures required by the strategies as well as the financial returns gained by them. However in addition to requiring lengthy longitudinal data, these models also have the disadvantage of not evaluating the effect of the strategies on a firm's customer equity. The dominance of customer-centered thinking over product-centered thinking calls for a shift from product-based strategies to customer-based strategies. Hence, it is important to evaluate a firm's marketing strategies in terms of the drivers of its customer equity. The article summarizes a unified strategic framework that enables competing marketing strategy options to be traded off on the basis of projected financial return, which is operationalized as the change in a firm's customer equity relative to the incremental expenditure necessary to produce the change.

  14. Social innovation for the promotion of health equity.

    Science.gov (United States)

    Mason, Chris; Barraket, Jo; Friel, Sharon; O'Rourke, Kerryn; Stenta, Christian-Paul

    2015-09-01

    The role of social innovations in transforming the lives of individuals and communities has been a source of popular attention in recent years. This article systematically reviews the available evidence of the relationship between social innovation and its promotion of health equity. Guided by Fair Foundations: The VicHealth framework for health equity and examining four types of social innovation--social movements, service-related social innovations, social enterprise and digital social innovations--we find a growing literature on social innovation activities, but inconsistent evaluative evidence of their impacts on health equities, particularly at the socio-economic, political and cultural level of the framework. Distinctive characteristics of social innovations related to the promotion of health equity include the mobilization of latent or unrealised value through new combinations of (social, cultural and material) resources; growing bridging social capital and purposeful approaches to linking individual knowledge and experience to institutional change. These have implications for health promotion practice and for research about social innovation and health equity. © The Author 2015. Published by Oxford University Press. All rights reserved. For Permissions, please email: journals.permissions@oup.com.

  15. [The virtual library in equity, health, and human development].

    Science.gov (United States)

    Valdés, América

    2002-01-01

    This article attempts to describe the rationale that has led to the development of information sources dealing with equity, health, and human development in countries of Latin America and the Caribbean within the context of the Virtual Health Library (Biblioteca Virtual en Salud, BVS). Such information sources include the scientific literature, databases in printed and electronic format, institutional directories and lists of specialists, lists of events and courses, distance education programs, specialty journals and bulletins, as well as other means of disseminating health information. The pages that follow deal with the development of a Virtual Library in Equity, Health, and Human Development, an effort rooted in the conviction that decision-making and policy geared toward achieving greater equity in health must, of necessity, be based on coherent, well-organized, and readily accessible first-rate scientific information. Information is useless unless it is converted into knowledge that benefits society. The Virtual Library in Equity, Health, and Human Development is a coordinated effort to develop a decentralized regional network of scientific information sources, with strict quality control, from which public officials can draw data and practical examples that can help them set health and development policies geared toward achieving greater equity for all.

  16. MODELING MARKET RISK IN FRONTIER EQUITY MARKETS—EVIDENCE FROM SERBIA

    Directory of Open Access Journals (Sweden)

    Marko Milojević

    2014-07-01

    Full Text Available The need for understanding financial risk management and unique models for measuring risk in transitional capital markets increasingly gains in importance and becomes a very current issue. This article studies predictive ability of various classes of Value-at-Risk (VaR models focusing on Serbian equity market in both stressed and normal market conditions. The five VaR models adopted in our evaluation procedure include: historical simulation with rolling window of 500 days, Risk Metrics, exponentially-weighted moving average (EWMA with optimized decay factor, VaR based on models from GARCH family under three distributional assumptions (normal, generalized error, and Student-t, and Filtered historical simulation. In order to verify the forecasting performance of different VaR models, we employ a backtesting procedure, which consists of statistical tests. The results indicate that VaR based on conditional volatility models with asymmetric distribution of innovations behave reasonably well in both tranquil and crisis period.  Standard VaR models developed for liquid and efficient markets seriously underestimate risk forecast in Serbian equity market under all circumstances.

  17. Life cycle cost-based risk model for energy performance contracting retrofits

    Science.gov (United States)

    Berghorn, George H.

    Buildings account for 41% of the primary energy consumption in the United States, nearly half of which is accounted for by commercial buildings. Among the greatest energy users are those in the municipalities, universities, schools, and hospitals (MUSH) market. Correctional facilities are in the upper half of all commercial building types for energy intensity. Public agencies have experienced reduced capital budgets to fund retrofits; this has led to the increased use of energy performance contracts (EPC), which are implemented by energy services companies (ESCOs). These companies guarantee a minimum amount of energy savings resulting from the retrofit activities, which in essence transfers performance risk from the owner to the contractor. Building retrofits in the MUSH market, especially correctional facilities, are well-suited to EPC, yet despite this potential and their high energy intensities, efficiency improvements lag behind that of other public building types. Complexities in project execution, lack of support for data requests and sub-metering, and conflicting project objectives have been cited as reasons for this lag effect. As a result, project-level risks must be understood in order to support wider adoption of retrofits in the public market, in particular the correctional facility sub-market. The goal of this research is to understand risks related to the execution of energy efficiency retrofits delivered via EPC in the MUSH market. To achieve this goal, in-depth analysis and improved understanding was sought with regard to ESCO risks that are unique to EPC in this market. The proposed work contributes to this understanding by developing a life cycle cost-based risk model to improve project decision making with regard to risk control and reduction. The specific objectives of the research are: (1) to perform an exploratory analysis of the EPC retrofit process and identify key areas of performance risk requiring in-depth analysis; (2) to construct a

  18. DEVELOPING EXPERIENCE-BASED LUXURY BRAND EQUITY IN THE LUXURY RESORTS HOTEL INDUSTRY

    OpenAIRE

    Jui-Ying Hung; Feng-Li Lin; Wen-Goang Yang

    2012-01-01

    Businesses constantly strive to provide added value and brand equity to gain a competitive advantage, particularly in the contemporary hospitality industry. It is widely accepted that a luxury experience brand enhances the value of a luxury resort hotels industry. Since the 1980s, the concept of brand equity has focused mainly on tangible products, as opposed to services or experiences. This study found that experience-based luxury brand equity is perceived through extensive implicit equity r...

  19. Analyzing the Impact of Brand Equity and Advertisement on Customers’ Loyalty in Isfahan City

    OpenAIRE

    Mohammad Hossein Moshref Javadi; Sayyed Mohsen Allameh; Amir Poursaaedi

    2014-01-01

    The objective of this study was to analyze the impact of advertisement and brand equity on customers’ loyalty in Isfahan city. literature review on advertising, brand equity, customer loyalty research model was presented. A standard questionnaire was used as data collection instrument. To measure SNOWA Corporation brand equity, Keller's brand equity model was used with six dimensions of brand's salience, performance, image, judgments, feelings and resonance. Face validity was used to verify t...

  20. Decision Cost Feature Weighting and Its Application in Intrusion Detection

    Institute of Scientific and Technical Information of China (English)

    QIAN Quan; GENG Huan-tong; WANG Xu-fa

    2004-01-01

    This paper introduces the cost-sensitive feature weighting strategy and its application in intrusion detection.Cost factors and cost matrix are proposed to demonstrate the misclassification cost for IDS.How to get the whole minimal risk, is mainly discussed in this paper in detail.From experiments, it shows that although decision cost based weight learning exists somewhat attack misclassification, it can achieve relatively low misclassification costs on the basis of keeping relatively high rate of recognition precision.

  1. Gender Equity in Materials Science and Engineering

    Energy Technology Data Exchange (ETDEWEB)

    Angus Rockett

    2008-12-01

    At the request of the University Materials Council, a national workshop was convened to examine 'Gender Equity Issues in Materials Science and Engineering.' The workshop considered causes of the historic underrepresentation of women in materials science and engineering (MSE), with a goal of developing strategies to increase the gender diversity of the discipline in universities and national laboratories. Specific workshop objectives were to examine efforts to level the playing field, understand implicit biases, develop methods to minimize bias in all aspects of training and employment, and create the means to implement a broadly inclusive, family-friendly work environment in MSE departments. Held May 18-20, 2008, at the Conference Center at the University of Maryland, the workshop included heads and chairs of university MSE departments and representatives of the National Science Foundation (NSF), the Office of Basic Energy Sciences of the Department of Energy (DOE-BES), and the national laboratories. The following recommendations are made based on the outcomes of the discussions at the workshop. Many or all of these apply equally well to universities and national laboratories and should be considered in context of industrial environments as well. First, there should be a follow-up process by which the University Materials Council (UMC) reviews the status of women in the field of MSE on a periodic basis and determines what additional changes should be made to accelerate progress in gender equity. Second, all departments should strengthen documentation and enforcement of departmental procedures such that hiring, promotion, compensation, and tenure decisions are more transparent, that the reasons why a candidate was not selected or promoted are clear, and that faculty are less able to apply their biases to personnel decisions. Third, all departments should strengthen mentoring of junior faculty. Fourth, all departments must raise awareness of gender biases

  2. An Empirical Study on Education Equity in China, 1978-2004

    Science.gov (United States)

    Zhang, Changzheng; Huan, Zhijian; Li, Huaizu

    2007-01-01

    By using the education Gini coefficient (EGC), as the indicator of education equity, this paper will calculate the degree of education equity in China during 1978-2004. Results show that although education equity as a whole has improved significantly since 1978, it is rather at a low level compared with the international average. Due to the great…

  3. Health Equity Considerations for Developing and Reporting Patient-reported Outcomes in Clinical Trials

    DEFF Research Database (Denmark)

    Petkovic, Jennifer; Barton, Jennifer L; Flurey, Caroline

    2017-01-01

    and how to address equity issues within the core outcome sets of domains and instruments. METHODS: We surveyed current and previous OMERACT meeting attendees and members of the Campbell and Cochrane Equity Group regarding whether to address equity issues within the OMERACT Filter 2.0 Core Outcome Sets...

  4. Asymmetric Return and Volatility Transmission in Conventional and Islamic Equities

    Directory of Open Access Journals (Sweden)

    Zaghum Umar

    2017-03-01

    Full Text Available Abstract: This paper analyses the interdependence between Islamic and conventional equities by taking into consideration the asymmetric effect of return and volatility transmission. We empirically investigate the decoupling hypothesis of Islamic and conventional equities and the potential contagion effect. We analyse the intra-market and inter-market spillover among Islamic and conventional equities across three major markets: the USA, the United Kingdom and Japan. Our sample period ranges from 1996 to 2015. In addition, we segregate our sample period into three sub-periods covering prior to the 2007 financial crisis, the crisis period and the post-crisis period. We find weak support for the decoupling hypothesis during the post-crisis period.

  5. Portfolio Optimization of Equity Mutual Funds—Malaysian Case Study

    Directory of Open Access Journals (Sweden)

    Adem Kılıçman

    2010-01-01

    Full Text Available We focus on the equity mutual funds offered by three Malaysian banks, namely Public Bank Berhad, CIMB, and Malayan Banking Berhad. The equity mutual funds or equity trust is grouped into four clusters based on their characteristics and categorized as inferior, stable, good performing, and aggressive funds based on their return rates, variance and treynor index. Based on the cluster analysis, the return rates and variance of clusters are represented as triangular fuzzy numbers in order to reflect the uncertainty of financial market. To find the optimal asset allocation in each cluster we develop a hybrid model of optimization and fuzzy based on return rates, variance. This was done by maximizing the fuzzy return for a tolerable fuzzy risk and minimizing the fuzzy risk for a desirable fuzzy return separately at different confidence levels.

  6. A Causal Model of Consumer-Based Brand Equity

    Directory of Open Access Journals (Sweden)

    Szőcs Attila

    2015-12-01

    Full Text Available Branding literature suggests that consumer-based brand equity (CBBE is a multidimensional construct. Starting from this approach and developing a conceptual multidimensional model, this study finds that CBBE can be best modelled with a two-dimensional structure and claims that it achieves this result by choosing the theoretically based causal specification. On the contrary, with reflective specification, one will be able to fit almost any valid construct because of the halo effect and common method bias. In the final model, Trust (in quality and Advantage are causing the second-order Brand Equity. The two-dimensional brand equity is an intuitive model easy to interpret and easy to measure, which thus may be a much more attractive means for the management as well.

  7. Variety of Behavior of Equity Returns in Financial Markets

    Science.gov (United States)

    Bonanno, Giovanni; Lillo, Fabrizio; Mantegna, Rosario N.

    2001-03-01

    The price dynamics of a set of equities traded in an efficient market is pretty complex. It consists of almost not redundant time series which have (i) long-range correlated volatility and (ii) cross-correlation between each pair of equities. We perform a study of the statistical properties of an ensemble of equities returns which is fruitful to elucidate the nature and role of time and ensemble correlation. Specifically, we investigate a statistical ensemble of daily returns of n equities traded in United States financial markets. For each trading day of our database, we study the ensemble return distribution. We find that a typical ensemble return distribution exists in most of the trading days [1] with the exception of crash and rally days and of the days following to these extreme events [2]. We analyze each ensemble return distribution by extracting its first two central moments. We call the second moment of the ensemble return distribution the variety of the market. We choose this term because high variety implies a variated behavior of the equities returns in the considered day. We observe that the mean return and the variety are fluctuating in time and are stochastic processes themselves. The variety is a long-range correlated stochastic process. Customary time-averaged statistical properties of time series of stock returns are also considered. In general, time-averaged and portfolio-averaged returns have different statistical properties [1]. We infer from these differences information about the relative strength of correlation between equities and between different trading days. We also compare our empirical results with those predicted by the single-index model and we conclude that this simple model is unable to explain the statistical properties of the second moment of the ensemble return distribution. Correlation between pairs of equities are continuously present in the dynamics of a stock portfolio. Hence, it is relevant to investigate pair correlation

  8. Start-up Funding via Equity Crowdfunding in Germany

    DEFF Research Database (Denmark)

    Angerer, Martin; Brem, Alexander; Kraus, Sascha

    2017-01-01

    Entrepreneurs often struggle to find sufficient funding for their start-ups. A relatively new way for companies to attract capital is via an internet platform, locating investors who in return receive something in return for their ventures. Equity crowdfunding is one of several types of crowdfund......Entrepreneurs often struggle to find sufficient funding for their start-ups. A relatively new way for companies to attract capital is via an internet platform, locating investors who in return receive something in return for their ventures. Equity crowdfunding is one of several types...... of crowdfunding, and is also known as crowdinvesting in the German-speaking realm. This article predominantly advances the scientific knowledge regarding the success factors of equity crowdfunding for German start-ups. The study conducted nine qualitative interviews with start-ups and crowdinvesting platforms...

  9. PERBANDINGAN BRAND EQUITY PRODUK SHAMPOO MEREK SUNSILK DENGAN MEREK PANTENE

    Directory of Open Access Journals (Sweden)

    Ida Ayu Raras Aristyani

    2013-01-01

    Full Text Available The objectives of the study were to know the difference in brand equity and its elements between shampoo products with brand Sunsilk and Pantene. The data analysis technique used was the mean difference test with paired samples. Based on the results of the study, it was found that there is no difference between brand equity Sunsilk with Pantene. the four dimensions of brand equity, just a different one, namely brand perceived quality. Therefore the next shampoo brand Sunsilk should be more focus on the improvement of the quality of its products by way of innovation in flavor, ingredients, and overall quality so as to always be in the top brand position together Pantene.

  10. Aspects of volatility targeting for South African equity investors

    Directory of Open Access Journals (Sweden)

    Bhekinkosi Khuzwayo

    2014-11-01

    Full Text Available We consider so-called volatility targeting strategies in the South African equity market. These strategies are aimed at keeping the volatility of a portfolio consisting of a risky asset, typically an equity index, and cash fixed. This is done by changing the allocation of the assets based on an indicator of the future volatility of the risky asset. We use the three month rolling implied volatility as an indicator of future volatility to influence our asset allocation. We compare investments based on different volatility targets to the performance of bonds, equities, property as well as the Absolute Return peer mean. We examine risk and return characteristics of the volatility targeting strategy as compared to different asset classes.

  11. THE RETURN ON EQUITY INDICATORS SYSTEM – METHODOLOGICAL PROPOSAL

    Directory of Open Access Journals (Sweden)

    Zbigniew Gołaś

    2015-06-01

    Full Text Available The aim of the study was to present a suggestion for the methodical decomposition rate of return on equity (ROE. The developed ROE decomposition model includes nine factors: the rate of value added, the rate of depreciation costs, salaries expense ratio, the ratio of other operating income and expenses, the rate of fi nancial income and expenses, the rate of extraordinary events, the rate of tax, the assets rotation and capital gearing. In addition, based on deterministic methods, the study presents the analysis of changes in the level of return on equity on the example of the domestic furniture manufacturing sector in the period 2009–2013.

  12. The Informatics of the Equity Markets - A Collaborative Approach

    Directory of Open Access Journals (Sweden)

    Claudiu VINTE

    2009-01-01

    Full Text Available This paper aims to provide a high-level overview upon the information technology that supports the electronic transactions performed on the equity markets. It is meant to offer a succinct introduction to the various technologies tailored to tackle the data transfer between the participants on an equity market, the architectural approaches regarding trading system design, and the communication in a collaborative distributed computing environment. Our intention here is not to provide solutions, or to propose definitive designs, merely to scratch the surface of this vast domain, and open the path for subsequent researches.

  13. Weighted approximation with varying weight

    CERN Document Server

    Totik, Vilmos

    1994-01-01

    A new construction is given for approximating a logarithmic potential by a discrete one. This yields a new approach to approximation with weighted polynomials of the form w"n"(" "= uppercase)P"n"(" "= uppercase). The new technique settles several open problems, and it leads to a simple proof for the strong asymptotics on some L p(uppercase) extremal problems on the real line with exponential weights, which, for the case p=2, are equivalent to power- type asymptotics for the leading coefficients of the corresponding orthogonal polynomials. The method is also modified toyield (in a sense) uniformly good approximation on the whole support. This allows one to deduce strong asymptotics in some L p(uppercase) extremal problems with varying weights. Applications are given, relating to fast decreasing polynomials, asymptotic behavior of orthogonal polynomials and multipoint Pade approximation. The approach is potential-theoretic, but the text is self-contained.

  14. Sharp Weighted Estimates for a Class of n-dimensional Hardy-Steklov Operators

    Institute of Scientific and Technical Information of China (English)

    ZHENG QING-YU; SHI SHAO-GUANG; Ji You-qing

    2011-01-01

    In this paper,we study one class of n-dimensional Hardy-Steklov operators which has important applications in the technical analysis in equity markets.We establish their weighted boundedness and the corresponding operator norms on both Lp(Rn) and BMO(Rn).

  15. Schools of Excellence AND Equity? Using Equity Audits as a Tool to Expose a Flawed System of Recognition

    Directory of Open Access Journals (Sweden)

    Kathleen M Brown

    2010-01-01

    Full Text Available The purpose of this article is to demonstrate how equity audits can be used as a tool to expose disparate achievement in schools that, on the surface and to the public, appear quite similar. To that end, the researcher probed beyond surface-level performance composite scores into deeper, more hidden data associated with state-recognized "Honor Schools of Excellence." How is "excellence" defined and operationalized in these schools? Are these schools "excellent" for all students? Can a school really be classified by the state as "excellent" and yet still have significant "gaps" and disparities? If so, is the state's formula used to identify exemplary schools too simple, dogmatic, and institutionally flawed? Through the use of equity audits, quantitative data was collected to scan for systemic patterns of equity and inequity across multiple domains of student learning and activities within 24 elementary schools. The intent was to document and distinguish between schools that are promoting and supporting both academic excellence (small gap schools; SGS and systemic equity and schools that are not (large gap schools; LGS. Results reveal that although demographic, teacher quality, and programmatic audits all indicated a fair amount of equity between SGS and LGS, the achievement audit between both types of schools indicated great disparities. By controlling for or eliminating some of the external variables and internal factors often cited for the achievement gaps between white middle-class children and children of color or children from low-income families, the findings from this study raise more questions than answers. Results do indicate that equity audits are a practical, easy-to-apply tool that educators can use to identify inequalities objectively.

  16. Financial claims and product market competition: An explanation for permitting banks to hold equity in firms

    Directory of Open Access Journals (Sweden)

    Pao Shin-Heng

    2008-01-01

    Full Text Available This paper examines financial claims for lending if banks are permitted to hold equity in productive firms. We demonstrate that in situations where an oligopolistic product market has relatively high competition, e.g., quasi-competitive behavior, equity holding by banks is likely to do little damage. However, where the product market has relatively high collusion, e.g., corporative behavior, equity holding by banks are very unlikely to hold equity in firms. Our findings provide an alternative argument that lifting the Glass-Steagall Act restricting banks from holding equity in firms should give little cause for concern.

  17. Is Pakistani Equity Market Integrated to the Equity Markets of Group of Eight (G8) Countries? An Empirical Analysis of Karachi Stock Exchange

    OpenAIRE

    Syed Muhammad Aamir Shah; Muhammad Husnain; Ashraf Ali

    2012-01-01

    This study looks at the dynamic relationship between the Pakistani equity market and equity markets of Group of Eight countries (G8) which includes Canada, France, Germany, Italy, Japan, Russia, UK and USA by using weekly time series data starting from June 2004 to May 2009. Multivariate Co-integration approach by Johnson and Julius (1990) shows there exists no long-term relationship between the G8 and Pakistani equity market. Vector error correction (VECM) model suggests that 100% of the lag...

  18. Case Study: Implementing Employment Equity at Carleton University.

    Science.gov (United States)

    Farquhar, Robin H.; And Others

    Carleton University (Ontario, Canada) has implemented an employment equity plan and has received a federal merit award for this program. The program has involved a concrete investment of time and resources for training, review of employment systems, implementation and monitoring, and ongoing attention at the senior policy level. At the outset the…

  19. College Level One: Articulation, Equity, and Literacy Issues. Workshop Report.

    Science.gov (United States)

    Bisgaard, Soren; Brillhart, Lia V.; Burgess, Ann B.; Cramer, Jane Harris; Denton, Denice D.; Downer, Janice D.; Dunwoody, Sharon L.; Ellis, Arthur B.; Hewson, Peter W.; Secada, Walter G.; Tobias, Sheila

    This document reports on a workshop entitled "Articulation, Equity, and Literacy Issues" hosted by the College Level One (CL-1) project of the National Institute for Science Education (NISE). CL-1 identifies important issues in undergraduate education and determines the best strategies for addressing them. Workshop discussions examine…

  20. Delegating Mathematical Authority as a Means to Strive toward Equity

    Science.gov (United States)

    Dunleavy, Teresa K.

    2015-01-01

    In this article, the author provides insight into the pedagogical processes for delegating mathematical authority to students, through the use of specific classroom structures, as a means to strive toward equity. Employing qualitative methods, the author analyzes transcripts of classroom video, along with field notes and teacher and student…

  1. Informal privatisation of community taps: issues of access and equity

    NARCIS (Netherlands)

    Bhushan Udas, P.; Roth, D.; Zwarteveen, M.

    2014-01-01

    On the basis of a detailed case study this paper questions the equity of centralised piped drinking water supply systems installed by the government of Nepal in rural areas. The study shows how processes of socio-technical interaction and change alter the physical water supply infrastructure of the

  2. Bridging the Wage Gap: Pay Equity and Job Evaluations.

    Science.gov (United States)

    Ferraro, Geraldine A.

    1984-01-01

    Discusses the growing gap between the wages of women and men and reviews arguments opposing pay equity. Cites occupational segregation and sex-based wage discrimination as causes for the wage gap, and considers some remedies that have proven to be effective: negotiation, collective bargaining, litigation, and job evaluation studies. (KH)

  3. Attributes for Measuring Equity and Excellence in District Operation.

    Science.gov (United States)

    DeMoulin, Donald F.; Guyton, John W.

    In the quest for excellence, school districts have a variety of indicators or attributes available by which to gauge their progress. This model, used By the Equity and Excellence Research school districts in Mississippi, monitors achievement in relation to educational excellence. Team members established a list of attributes and various means of…

  4. Longevity, Growth and Intergenerational Equity: The Deterministic Case

    DEFF Research Database (Denmark)

    Andersen, Torben M.; Gestsson, Marias Halldór

    2016-01-01

    Challenges raised by aging (increasing longevity) have prompted policy debates featuring policy proposals justified by reference to some notion of intergenerational equity. However, very different policies ranging from presavings to indexation of retirement ages have been justified in this way. We...

  5. The Equity Challenge in China's Higher Education Finance Policy

    Science.gov (United States)

    Sun, Fengshou; Barrientos, Armando

    2009-01-01

    Sustaining China's rapid economic growth in the future will come to depend in large part on the quantity and quality of the human resources it can mobilize. The paper considers the prospects for higher education financing, and highlights the importance of improving equity in access to higher education as a precondition for a sustainable expansion…

  6. Pay Equity: An Issue of Race, Ethnicity, and Sex.

    Science.gov (United States)

    National Committee on Pay Equity, Washington, DC.

    While the continuing wage gap between men and women, Whites and non-Whites has been well documented, the purpose of this study was to examine the role which discrimination on the basis of race/ethnicity as well as sex plays in the setting of wages. Whether pay equity is an effective means of remedying race-based wage discrimination was also…

  7. Equity and Social Justice in Teaching and Teacher Education

    Science.gov (United States)

    Kaur, Baljit

    2012-01-01

    This essay presents a review on the theme of equity and social justice in teaching and teacher education based on articles published in TATE since its inception. It is a part of an initiative started by the current editors of TATE to "encourage us all to look backward to deepen our understandings of how earlier research has shaped our current…

  8. 75 FR 3593 - Concept Release on Equity Market Structure

    Science.gov (United States)

    2010-01-21

    ... primary driver and enabler of this transformation of equity trading has been the continual evolution of... trading volume percentages: NASDAQ; NYSE Group; BATS; Direct Edge; data compiled from Forms ATS for 3d... ] TP21JA10.002 Percent Registered Exchanges NASDAQ 19.4 NYSE 14.7 NYSE Arca 13.2 BATS 9.5 NASDAQ OMX BX...

  9. Financing energy transformation : The role of renewable energy equity indices

    NARCIS (Netherlands)

    Rezec, Michael; Scholtens, Bert

    2017-01-01

    The support of financial markets for the transformation of the energy system to a low carbon society seems critical for its success. But will they support this transformation on the basis of market incentives alone? This study analyses how equity indices that try to capture renewable energy

  10. Equity, the Arts, and Urban Education: A Review

    Science.gov (United States)

    Kraehe, Amelia M.; Acuff, Joni B.; Travis, Sarah

    2016-01-01

    This review examines empirical studies of educational equity in and through the arts with broad implications for urban education. It extends the literature by (a) describing the interrelated spaces of urban education and the arts, (b) integrating knowledge of arts education across formal and informal learning environments, and (c) examining the…

  11. An approach to the understanding of equity in health

    Directory of Open Access Journals (Sweden)

    Sergio Antonio Clavijo Clavijo

    2014-02-01

    Full Text Available The world health should be considered a social welfareof human beings, since this is a prerequisite for thedevelopment of humanity. In the context of human rights,health equity is an inherent principle based on social justice,looking for all individuals regardless of their social, entitledto the same opportunities. Historically, have developedhealth services that provide social welfare to individuals, butthe concept has prevailed mercantilist, which has reducedhealth systems to simple utilities, ignoring the underlyingproblems of the population. It is proposed Primary HealthCare as an alternative, speaking as population includes theresponsibility to ensure health services accessibility and apossible response to the inequalities inherent in a systemfocused on health insurance. For this study was conductedreflects on the concept of equity, carrying out searches withthe terms equity, health, equity in health, health economics,quality health, public health, public health policy, healthhistory, primary health care with the aim of being able tocollect partial abstracts or full text. Additional to search forelectronic journals, books that will argue the importance ofequity in the companies were consulted, different economicmodels, the history of health and disease; nature relatingbills that argument on these definitions were consulted.

  12. Creating Teacher Incentives for School Excellence and Equity

    Science.gov (United States)

    Berry, Barnett; Eckert, Jon

    2012-01-01

    Ensuring that all students in America's public schools are taught by good teachers is an educational and moral imperative. Teacher incentive proposals are rarely grounded on what high-quality research indicates are the kinds of teacher incentives that lead to school excellence and equity. Few of the current approaches to creating teacher…

  13. Transformative Leadership: Building Social Equity through Individualized Professional Development

    Science.gov (United States)

    Gunn, Curtis D.

    2015-01-01

    Developing social justice awareness is a challenging task. Many educational institutions have limited discourse related to race and equity. This autoethnography examines one leader's attempt to become a transformational leader by having ongoing conversations about race and racism, applying the individualized transformative model of professional…

  14. Alternative Education, Equity and Compromise: Dilemmas for Practice Development

    Science.gov (United States)

    Bryson, Peter

    2010-01-01

    The focus of this article is to provide a child rights analysis of the equity of educational experience afforded to young people outside mainstream schools by alternative providers. The dilemma for policy and existing practice is that alternative education supports children's right to an education as stated in Article 28 of the United Nations…

  15. Gender Equity and Renewable Energies : Thematic Background Paper

    NARCIS (Netherlands)

    Clancy, Joy; Oparaocha, Sheila; Roehr, Ulrike

    2004-01-01

    The aim of this paper is to review existing evidence on the role of renewable energies in bringing gender equity. The paper first explores the evolution of thinking on gender and energy, in particular that practitioners no longer specifically focus on women and stoves (often referred to as “househol

  16. Equity Audit: A Teacher Leadership Tool for Nurturing Teacher Research

    Science.gov (United States)

    View, Jenice L.; DeMulder, Elizabeth; Stribling, Stacia; Dodman, Stephanie; Ra, Sophia; Hall, Beth; Swalwell, Katy

    2016-01-01

    This is a three-part essay featuring six teacher educators and one classroom teacher researcher. Part one describes faculty efforts to build curriculum for teacher research, scaffold the research process, and analyze outcomes. Part two shares one teacher researcher's experience using an equity audit tool in several contexts: her teaching practice,…

  17. Pedagogy for Equity: Teaching in a Hispanic-Serving Institution

    Science.gov (United States)

    Nunez, Anne-Marie; Ramalho, Elizabeth Murakami; Cuero, Kimberley K.

    2010-01-01

    Three female tenure-track faculty members at a Hispanic-Serving Institution explored how their cultural backgrounds inform their pedagogical approaches toward equity. They drew upon Mills's (1959) and Collins's (1993) frameworks to examine how their personal biographies, local social contexts, and broader systemic institutions affect their…

  18. Efforts Towards Gender Equity in Academic and Employment ...

    African Journals Online (AJOL)

    Efforts Towards Gender Equity in Academic and Employment Opportunities in The Open University ... The paper starts by highlighting the roles of education as a means of ... It is high time that a study be carried out on how to improve increased ...

  19. The Equity Challenge in China's Higher Education Finance Policy

    Science.gov (United States)

    Sun, Fengshou; Barrientos, Armando

    2009-01-01

    Sustaining China's rapid economic growth in the future will come to depend in large part on the quantity and quality of the human resources it can mobilize. The paper considers the prospects for higher education financing, and highlights the importance of improving equity in access to higher education as a precondition for a sustainable expansion…

  20. COMPULSORY EDUCATION IN ROMANIA BETWEEN EQUITY AND EFFICIENCY

    Directory of Open Access Journals (Sweden)

    Asandului Laura

    2009-05-01

    Full Text Available The paper aims at investigating the two main characteristics of a modern system of compulsory education with a focus on Romania. It assumes that the equity of the education sector and the efficiency of resource use are strongly correlated, both supporting

  1. Uneven Terrain: Educational Policy and Equity in Nepal

    Science.gov (United States)

    Shields, Robin; Rappleye, Jeremy

    2008-01-01

    This paper investigates the relationship between educational policy, equity, and national development in Nepal. It argues that current inequities in educational opportunities and outcomes are largely attributable to persistent inequities and biases in the educational policy framework. We begin by surveying the complex, multifaceted reality of…

  2. The Risk Premium for Equity : Explanations and Implications

    NARCIS (Netherlands)

    Grant, S.; Quiggin, J.

    2001-01-01

    The equity premium puzzle shows that using standard parameters and setup, the Consumption-based Capital Asset Pricing Model's (CCAPM's) prediction of the premium associated with systematic risk is out by an order of magnitude.The object of this paper is to consider the implications of each of the

  3. Studying the relationship between brand equity and consumer behavior

    Directory of Open Access Journals (Sweden)

    Satvati Razavi Shadi

    2016-01-01

    Full Text Available The present study was conducted to investigate the relationship between brand equity and consumer behavior. In today's competitive world, where the consumer is faced with a broad range of products made in different countries, companies should further seek to identify the factors of customers' trends towards products to encourage customers to select and purchase the product. In the model proposed in this study, the relationship between brand equity and the dimensions of consumer behavior including the willingness to pay for extra cost, brand preference and purchase intention is investigated. The research method is a descriptive correlational. Structural equations and descriptive and inferential statistics and factor analysis were used to analyze the data. The statistical population of the study includes the owners of Grand Vitara, Sportage and Santafe from the companies of Iran Khodro, Kia and Hyundai. The population was unlimited including 384 people using Cochran formula; and cluster sampling and endemic questionnaire tool were used. In the marketing literature, the lack of empirical research that seeks to explore the relationship between brand equity and consumer behavior is tangible. This research focuses on those reactions that provide more sales and the ability to grow. According to the results, it seems that there is a relationship between brand equity and consumer behavior including paying extra cost, brand preference and purchase intention.

  4. Accountability for Equity: Can State Policy Leverage Social Justice?

    Science.gov (United States)

    Skrla, Linda; Scheurich, James Joseph; Johnson, Joseph F., Jr.; Koschoreck, James W.

    2001-01-01

    Presenting evidence of widespread racism in schools and its negative effect on children of color, authors argue for the use of state accountability systems to achieve educational equity and social justice for racial minorities. Results of Texas achievement test showing a narrowing of academic achievement gap between whites and minorities are cited…

  5. Leading with Ideas : Skills for Growth and Equity in Thailand

    OpenAIRE

    World Bank

    2012-01-01

    In Thailand, enhancing workforce skills and promoting innovation is part of the country's strategy to facilitate the transformation toward a more knowledge-intensive and creative economy generating good jobs. This report provides valuable insight for Thailand to develop the skills necessary to boost ideas-led growth and equity. The report draws on findings from employer surveys, analyses T...

  6. Connecting to Learn: Promoting Digital Equity among America's Hispanic Families

    Science.gov (United States)

    Katz, Vikki S.; Levine, Michael H.

    2015-01-01

    This brief combines original research and policy analysis to examine a key issue that is often overlooked in debates about the proliferation of new technologies, education, and equity: the potential for digital media investments to support a promising learning pathway for children in our nation's increasingly diverse, low-income families. A…

  7. Gender Equity in the American Classroom: Where Are the Women?

    Science.gov (United States)

    Hannan, Dennis J.

    1995-01-01

    Provides a sampling of gender discriminating behaviors in the classroom, a look at the psychological data collected by Carol Gilligan and her associates, and strategies and tactics to bring about gender equity in the classroom. Documents the falling self-esteem of school-age girls and the domineering behavior of school-age boys. (TB)

  8. Towards Equity and Efficiency in the Education System of Mauritius.

    Science.gov (United States)

    Topor, Helen

    Like many developing countries, Mauritius has invested massively in its education system in the hope of redressing inequalities among its ethnically mixed population and developing the economy through the provision of manpower. But Mauritius is a very economically troubled country, and providing educational equity will be extremely difficult. In…

  9. 33 CFR 385.19 - Environmental and economic equity.

    Science.gov (United States)

    2010-07-01

    ... 33 Navigation and Navigable Waters 3 2010-07-01 2010-07-01 false Environmental and economic equity. 385.19 Section 385.19 Navigation and Navigable Waters CORPS OF ENGINEERS, DEPARTMENT OF THE ARMY, DEPARTMENT OF DEFENSE PROGRAMMATIC REGULATIONS FOR THE COMPREHENSIVE EVERGLADES RESTORATION PLAN...

  10. The market for equity release products: lessons from the ...

    African Journals Online (AJOL)

    with risks such as longevity of the client, interest rates and property price movements, ... Equity that is in the house is returned to the owner (via loan funding) either as a once-off ...... Melbourne: Australian Government Department of Family and.

  11. 138 PUSHING THE FRONTIERS OF EQUITY AS A MEANS FOR ...

    African Journals Online (AJOL)

    Fr. Ikenga

    witnessed the emergence of sustainable development as an important .... 9 Robin Attfied 'Intergenerational Equity and Environmental Ethics' (2010) ... being sustainable if the legacy left for the next generation is of equal value to that inherited by .... local and traditional knowledge, ensuring adequate protection for it and ...

  12. What does equity sector orderflow tell us about the economy?

    NARCIS (Netherlands)

    Beber, A.; Brandt, M.W.; Kavajecz, K.A.

    2008-01-01

    Investors rebalance their portfolios as their views about expected returns and risk change. We use empirical measures of portfolio rebalancing to back out investors views, specifically views about the state of the economy. We show that aggregate portfolio rebalancing across equity sectors is

  13. Equity in Educational Resources at the School Level in Korea

    Science.gov (United States)

    Woo, Myung Suk

    2010-01-01

    This paper analyzed the equity of resources at the elementary school level in Korea using hierarchical linear modeling (HLM). The data included 2,327 Korean public elementary schools in 101 Local Governments within five Local Educational Offices (LEOs). This study found that schools in low property tax per resident areas receive fewer grants,…

  14. Policy statement--health equity and children's rights.

    Science.gov (United States)

    2010-04-01

    Many children in the United States fail to reach their full health and developmental potential. Disparities in their health and well-being result from the complex interplay of multiple social and environmental determinants that are not adequately addressed by current standards of pediatric practice or public policy. Integrating the principles and practice of child health equity-children's rights, social justice, human capital investment, and health equity ethics-into pediatrics will address the root causes of child health disparities. Promoting the principles and practice of equity-based clinical care, child advocacy, and child- and family-centered public policy will help to ensure that social and environmental determinants contribute positively to the health and well-being of children. The American Academy of Pediatrics and pediatricians can move the national focus from documenting child health disparities to advancing the principles and practice of child health equity and, in so doing, influence the worldwide practice of pediatrics and child health. All pediatricians, including primary care practitioners and medical and surgical subspecialists, can incorporate these principles into their practice of pediatrics and child health. Integration of these principles into competency-based training and board certification will secure their assimilation into all levels of pediatric practice.

  15. Urban Place and Health Equity: Critical Issues and Practices

    Directory of Open Access Journals (Sweden)

    Jason Corburn

    2017-01-01

    Full Text Available Urban places and health equity are two of the most challenging concepts for 21st century environmental health. More people live in cities than at any other time in human history and health inequities are increasing. Health inequities are avoidable differences in the social, environmental and political conditions that shape morbidity and mortality, and disproportionately burden the poor, racial, ethnic and religious minorities and migrants. By linking urban place and health inequities, research and action brings into sharp relief the challenges of achieving urban environmental justice. This article briefly reviews the complex definitions of urban places and how they can shape health equity in cities. I suggest that a more relational or integrated approach to defining urban places and acting on health equity can complement other approaches and improve the ability of public health to meet 21st century challenges. I close with suggestions for research and practice that might focus environmental public health on healthy urban place making. The practices include community driven map making, Health in All Policies (HiAP, promoting urban ecosystem services for health, and participatory and integrated approaches to urban slum upgrading. I conclude that if the global community is serious about the sustainable development goals (SDGs, greater attention must be paid to understanding and acting to improve urban places, living conditions and the social and economic conditions that can promote health equity.

  16. Urban Place and Health Equity: Critical Issues and Practices.

    Science.gov (United States)

    Corburn, Jason

    2017-01-26

    Urban places and health equity are two of the most challenging concepts for 21st century environmental health. More people live in cities than at any other time in human history and health inequities are increasing. Health inequities are avoidable differences in the social, environmental and political conditions that shape morbidity and mortality, and disproportionately burden the poor, racial, ethnic and religious minorities and migrants. By linking urban place and health inequities, research and action brings into sharp relief the challenges of achieving urban environmental justice. This article briefly reviews the complex definitions of urban places and how they can shape health equity in cities. I suggest that a more relational or integrated approach to defining urban places and acting on health equity can complement other approaches and improve the ability of public health to meet 21st century challenges. I close with suggestions for research and practice that might focus environmental public health on healthy urban place making. The practices include community driven map making, Health in All Policies (HiAP), promoting urban ecosystem services for health, and participatory and integrated approaches to urban slum upgrading. I conclude that if the global community is serious about the sustainable development goals (SDGs), greater attention must be paid to understanding and acting to improve urban places, living conditions and the social and economic conditions that can promote health equity.

  17. The Fine Structure of Equity-Index Option Dynamics

    DEFF Research Database (Denmark)

    Andersen, Torben G.; Bondarenko, Oleg; Todorov, Viktor;

    We analyze the high-frequency dynamics of S&P 500 equity-index option prices by constructing an assortment of implied volatility measures. This allows us to infer the underlying fine structure behind the innovations in the latent state variables driving the movements of the volatility surface. In...

  18. Engendering Gender Equity: Using Literature to Teach and Learn Democracy

    Science.gov (United States)

    Kraver, Jeraldine R.

    2007-01-01

    The question of how "teachers and students [can] connect their learning to the broader society" drives Jeraldine R. Kraver's search for ways to use critical pedagogy in secondary school and university classrooms. Focusing on the topic of gender equity, she shows how teachers can use literature to create critical classrooms. In addition, she offers…

  19. Cultivating Equity and Access: Focus on Men in Dance

    Science.gov (United States)

    McGreevy-Nichols, Susan; Dooling-Cain, Shannon

    2017-01-01

    This year, the National Dance Education Organization (NDEO) is taking a special look at the questions of equity and access in the field of dance education. The Decade of Dance Education (2015-2025), NDEO's ten-year campaign designed to raise the profile of dance education in the arts, provides a unique opportunity to examine their commitment to…

  20. School-to-Work Jump-Start Equity Kit.

    Science.gov (United States)

    Education Development Center, Inc., Newton, MA. Women's Educational Equity Act Dissemination Center.

    This starter kit is a resource for state and local school-to-work (STW) directors, educators, parents, students, business and community, and economic development organizations serving all students through STW. The kit begins with four articles: "STW and Gender Equity: Opportunity for or Barrier to Economic Parity?" (Katherine Hanson, Joyce…

  1. Pedagogy for Equity: Teaching in a Hispanic-Serving Institution

    Science.gov (United States)

    Nunez, Anne-Marie; Ramalho, Elizabeth Murakami; Cuero, Kimberley K.

    2010-01-01

    Three female tenure-track faculty members at a Hispanic-Serving Institution explored how their cultural backgrounds inform their pedagogical approaches toward equity. They drew upon Mills's (1959) and Collins's (1993) frameworks to examine how their personal biographies, local social contexts, and broader systemic institutions affect their…

  2. Social Equity Theory and Racial-Ethnic Achievement Gaps

    Science.gov (United States)

    McKown, Clark

    2013-01-01

    In the United States, racial-ethnic differences on tests of school readiness and academic achievement continue. A complete understanding of the origins of racial-ethnic achievement gaps is still lacking. This article describes social equity theory (SET), which proposes that racial-ethnic achievement gaps originate from two kinds of social process,…

  3. Transformative Leadership: Building Social Equity through Individualized Professional Development

    Science.gov (United States)

    Gunn, Curtis D.

    2015-01-01

    Developing social justice awareness is a challenging task. Many educational institutions have limited discourse related to race and equity. This autoethnography examines one leader's attempt to become a transformational leader by having ongoing conversations about race and racism, applying the individualized transformative model of professional…

  4. Evaluating Diversity Metrics: A Critique of the Equity Index Method

    Science.gov (United States)

    Royal, Kenneth D.; Flammer, Keven

    2015-01-01

    Background: Evaluating diversity, inclusivity, and equity remains both a prevalent topic in education and a difficult challenge for most evaluators. Traditional metrics used to evaluate these constructs include questionnaires, focus groups, and anonymous comment solicitations. While each of these approaches offer value, they also possess a number…

  5. Burnout among general practitioners: a perspective from equity theory.

    NARCIS (Netherlands)

    Dierendonck, D. van; Schaufeli, W.B.; Sixma, H.J.

    1994-01-01

    Investigated the relationship of harassment by patients, feelings of inequity, and social support on burnout in 567 Dutch GPs. Burnout was measured using the Maslach Burnout Inventory, and LISREL VII was used to test an a priori specified linear structural equation model that was based on equity the

  6. Critical Fusion--Technology and Equity in Secondary Education

    Science.gov (United States)

    Magolda, Peter

    2006-01-01

    This manuscript reports on the first year of a formative, external program evaluation of the Critical Fusion Initiative (CFI), which involved a higher education institution, a public high school, a corporation, and two nonprofit organizations. The initiative fused technology and education to address the issue of equity by assisting 16 high school…

  7. Analysis of the Effect of Monetary Policy Development on Equity ...

    African Journals Online (AJOL)

    2012-12-01

    Dec 1, 2012 ... West African Journal of Industrial and Academic Research Vol.5 No. 1 December ... for inflation) on the equity prices (proxied by all share price index). The first .... financial assets by adjusting too, to many ... Thus, we obtain the familiar version of present value model ... expand or contract money supply or.

  8. Moving Knowledge Around: Strategies for Fostering Equity within Educational Systems

    Science.gov (United States)

    Ainscow, Mel

    2012-01-01

    This paper describes and analyses the work of a large scale improvement project in England in order to find more effective ways of fostering equity within education systems. The project involved an approach based on an analysis of local context, and used processes of networking and collaboration in order to make better use of available expertise.…

  9. Equity, Emotion, and Household Division of Labor Response

    Science.gov (United States)

    Lively, Kathryn J.; Steelman, Lala Carr; Powell, Brian

    2010-01-01

    Building upon insights generated by social psychological scholarship on equity, emotions, and identity, we use the General Social Survey (1996) Modules on Emotion and Gender and the National Survey of Family and Households (1992-1994) to investigate the relationship between perceived inequity in the household division of labor and emotion. These…

  10. Advancing Equity in Accountability and Organizational Cultures of Data Use

    Science.gov (United States)

    Gannon-Slater, Nora; La Londe, Priya G.; Crenshaw, Hope L.; Evans, Margaret E.; Greene, Jennifer C.; Schwandt, Thomas A.

    2017-01-01

    Purpose: Data use cultures in schools determine data use practices. Such cultures can be muted by powerful macro accountability and organizational learning cultures. Further, strong equity-oriented data use cultures are challenging to establish. The purpose of this paper is to engage these cultural tensions. Design/methodology/approach: The data…

  11. 7 CFR 1773.43 - Capital and equity accounts.

    Science.gov (United States)

    2010-01-01

    ..., retained earnings, margins and other equities, and any related reserve accounts. Based upon the CPA's...) Determined whether, under the terms of the RUS security instrument, restrictions of retained earnings or... the articles of incorporation, bylaws, and RUS loan documents. (c) Patronage capital, retained...

  12. Equity in Dance Education Where Are We Now?

    Science.gov (United States)

    Risner, Doug

    2006-01-01

    As issues of equity consistently surface as a fundamental concern for dance education's past, present, and future, this commentary is the first of a number of pieces that will focus on root common goals, new ways of seeing the field, and acting upon both of these realizations in one's own site. In this initial commentary, the author discusses…

  13. Examining Equity Sensitivity: An Investigation Using the Big Five and HEXACO Models of Personality

    Directory of Open Access Journals (Sweden)

    Hayden J. R. Woodley

    2016-01-01

    Full Text Available The construct of equity sensitivity describes an individual’s preference about his/her desired input to outcome ratio. Individuals high on equity sensitivity tend to be more input oriented, and are often called Benevolents. Individuals low on equity sensitivity are more outcome oriented, and are described as Entitleds. Given that equity sensitivity has often been described as a trait, the purpose of the present study was to examine major personality correlates of equity sensitivity, so as to inform both the nature of equity sensitivity, and the potential processes through which certain broad personality traits may relate to outcomes. We examined the personality correlates of equity sensitivity across three studies (total N = 1170, two personality models (i.e., the Big Five and HEXACO, the two most common measures of equity sensitivity (i.e., the Equity Preference Questionnaire and Equity Sensitivity Inventory, and using both self and peer reports of personality (in Study 3. Although results varied somewhat across samples, the personality variables of Conscientiousness and Honesty-Humility, followed by Agreeableness, were the most robust predictors of equity sensitivity. Individuals higher on these traits were more likely to be Benevolents, whereas those lower on these traits were more likely to be Entitleds. Although some associations between Extraversion, Openness, and Neuroticism and equity sensitivity were observed, these were generally not robust. Overall, it appears that there are several prominent personality variables underlying equity sensitivity, and that the addition of the HEXACO model’s dimension of Honesty-Humility substantially contributes to our understanding of equity sensitivity.

  14. Pay Equity Act (No. 34 of 1987), 29 June 1987.

    Science.gov (United States)

    1987-01-01

    This document contains major provisions of Ontario, Canada's 1987 Pay Equity Act. The Act seeks to redress systemic gender discrimination in compensation for work performed by employees in "female job classes" and applies to all private sector employers in Ontario with 10 or more employees, all public sector employers, and the employees of applicable employers. The Act continues to apply even if an employer subsequently reduces the number of employees below 10. The Act calls for identification of systemic gender discrimination in compensation through comparisons between female job classes and male job classes in terms of compensation and value of work performed, which is a composite of skill, effort, and responsibility normally required. Pay equity is deemed achieved when the job rate for the female job class is at least equal to the rate for a male job class in the same establishment. If there is no male job class to use for comparison, pay equity is achieved when the female job rate is at least equal to the job rate of a male job class in the same establishment that, at the time of comparison, had a higher job rate while performing work of lower value than the female job class. Differences in compensation between a female and a male job class are allowed if they result from a formal seniority system that does not discriminate on basis of gender, a temporary training or development assignment equally available to males and females, a specified merit compensation plan, actions taken as the result of a gender-neutral reevaluation process, or a skills shortage leading to a temporary inflation in compensation. Pay equity will not be achieved by reducing any employee's compensation. The Act establishes a Pay Equity Commission to oversee implementation.

  15. Female Perceptions On Employment Equity: Is The Glass Ceiling Cracking?

    Directory of Open Access Journals (Sweden)

    Betsi Van Zyl

    2003-11-01

    Full Text Available The primary objective of this study was to assess if there were any perceptual differences between gender groups regarding employment equity practices. A sample of 4729 participants from different companies and industries completed the Employment Equity Questionnaire. Results from an ANOVA indicated that there were significant differences between gender groups, but only a small portion of the variance was explained by perceptual differences on employment equity practices. The instrument thus possesses some discriminant validity. Further analyses on an item level indicated that there were significant differences between gender groups, but these differences were not attributable to gender stereotypes. Specific employment equity practices were identified that need closer attention from management’s side to address gender discrimination. OpsommingDie primêre doelwit van hierdie studie was om vas te stel of daar enige perseptuele verskille tussen geslagsgroepe bestaan ten opsigte van werkgelykheidspraktyke. ’n Steekproef van 4729 deelnemers uit verskillende ondernemings en bedrywe het die Employment Equity Questionnaire voltooi. Die resultate van ’n ANOVA het aangedui dat daar beduidende verskille tussen geslagsgroepe bestaan, maar dat slegs ’n klein gedeelte van die variansie aan perseptuele verskille ten opsigte van werksgelykheidspraktyke toegeskryf kan word. Die instrument beskik dus ook ’n mate van diskriminante geldigheid. Verdere ontledings op itemvlak het aangedui dat daar betekenisvolle verskille tussen geslagsgroepe is, maar dat hierdie verskille nie aan geslagstereotipes toegeskryf kan word nie. Spesifieke werkgelykheidspraktyke is geïdentifiseer wat nadere aandag deur die bestuurskader verdien om geslagsdiskriminasie aan te spreek.

  16. Science and Mathematics Teachers Working Toward Equity Through Teacher Research: Tracing Changes Across Their Research Process and Equity Views

    Science.gov (United States)

    Brenner, Mary E.; Bianchini, Julie A.; Dwyer, Hilary A.

    2016-12-01

    We investigated secondary science and mathematics teachers engaged in a two-and-a-half-year professional development effort focused on equity. We examined how teachers conducting research on their own instructional practices—a central learning strategy of the professional development project—informed and/or constrained their views related to three strands of equity: teachers and teaching, students and learning, and students' families and communities. Data collected included recordings of professional development seminars and school-site meetings, three sets of individual interviews with teacher researchers, and drafts and final products of the classroom research teachers conducted. From our qualitative analyses of data, we found that most teachers addressed at least two of the three equity strands in researching their own practice. We also found that most transformed their understandings of teachers and students as a result of their teacher research process. However, teachers' views of families and communities changed in less substantive ways. We close with recommendations for other researchers and professional developers intent on supporting science and mathematics teachers in using teacher research to work toward equity.

  17. 78 FR 69143 - Guggenheim Equal Weight Enhanced Equity Income Fund and Guggenheim Funds Investment Advisers, LLC...

    Science.gov (United States)

    2013-11-18

    ... request an order to permit a registered closed-end investment company to make periodic distributions of... companies to such Fund during the year. Under the Distribution Policy of a Fund, such Fund would distribute... companies to make periodic distributions of long-term capital gains with respect to their outstanding...

  18. Weighted sums of subexponential random variables and asymptotic dependence between returns on reinsurance equities

    NARCIS (Netherlands)

    J.L. Geluk (Jaap); C.G. de Vries (Casper)

    2004-01-01

    textabstractAsymptotic tail probabilities for bivariate linear combinations of subexponential random variables are given. These results are applied to explain the joint movements of the stocks of reinsurers. Portfolio investment and retrocession practices in the reinsurance industry, for reasons of

  19. Equity: Policy Rhetoric or a Matter of Meaning of Knowledge? Towards a Framework for Tracing the "Efficiency-Equity" Doctrine in Curriculum Documents

    Science.gov (United States)

    Wahlstrom, Ninni

    2014-01-01

    In this article, the focus is on exploring the perspective of equity in curriculum. From a background of understanding curriculum as embedded in wider transnational policy movements, in this article the author suggests a framework for exploring the trajectories between equity policy and different types of curricula with implications for what…

  20. Renewable Energy Cost Modeling: A Toolkit for Establishing Cost-Based Incentives in the United States; March 2010 -- March 2011

    Energy Technology Data Exchange (ETDEWEB)

    Gifford, J. S.; Grace, R. C.; Rickerson, W. H.

    2011-05-01

    This report is intended to serve as a resource for policymakers who wish to learn more about establishing cost-based incentives. The report will identify key renewable energy cost modeling options, highlight the policy implications of choosing one approach over the other, and present recommendations on the optimal characteristics of a model to calculate rates for cost-based incentives, feed-in tariffs (FITs), or similar policies. These recommendations will be utilized in designing the Cost of Renewable Energy Spreadsheet Tool (CREST). Three CREST models will be publicly available and capable of analyzing the cost of energy associated with solar, wind, and geothermal electricity generators. The CREST models will be developed for use by state policymakers, regulators, utilities, developers, and other stakeholders to assist them in current and future rate-setting processes for both FIT and other renewable energy incentive payment structures and policy analyses.

  1. Fair value or cost-based measurement for PPE and IP: evidence from accounting practice under IFRS

    OpenAIRE

    Fonseca, Maria

    2007-01-01

    Some standards permit a choice between different measurement bases. IAS 16 and IAS 40 allow entities to choose between fair value and cost-based measurement for property, plant and equipment (PPE) and investment property (IP), respectively. This study analyzes the accounting practice concerning measurement of PPE and IP after recognition, under IFRS. The sample was extracted from stock exchange listed European companies included in the S&P Europe 350 Index. Data was hand collec...

  2. Designing realised kernels to measure the ex-post variation of equity prices in the presence of noise

    DEFF Research Database (Denmark)

    Barndorff-Nielsen, Ole Eiler; Hansen, Peter Reinhard; Lunde, Asger

    This paper shows how to use realised kernels to carry out efficient feasible inference on the ex-post variation of underlying equity prices in the presence of simple models of market frictions. The issue is subtle with only estimators which have symmetric weights delivering consistent estimators...... with mixed Gaussian limit theorems. The weights can be chosen to achieve the best possible rate of convergence and to have an asymptotic variance which is close to that of the maximum likelihood estimator in the parametric version of this problem. Realised kernels can also be selected to (i) be analysed...... using endogenously spaced data such as that in databases on transactions, (ii) allow for market frictions which are endogenous, (iii) allow for temporally dependent noise. The finite sample performance of our estimators is studied using simulation, while empirical work illustrates their use in practice....

  3. The Scientific Approach to Development Calls for a Concept of General Equity

    Institute of Scientific and Technical Information of China (English)

    LuoGuiguo

    2005-01-01

    The object of this round of discussions on efficiency and equity is the question of distribution. Should distribution be based on efficiency, i.e., more pay for more work and more pay for more investment, or should it take account of the interests of different groups and be based on the number of people, i.e., roughly equal pay per person? However, giving priority to efficiency or to equity is, in fact, putting the discussions on a wrong footing, for it sets efficiency against equity: stressing efficiency means giving up equity while stressing equity means egalitarian distribution. In fact, academic circles do not all agree with the thesis that one or the other of efficiency and equity has to be the first priority;

  4. Cointegration and causality analysis of dynamic linkage between stock market and equity mutual funds in Australia

    Directory of Open Access Journals (Sweden)

    Sasipa Pojanavatee

    2014-12-01

    Full Text Available The existing literature finds conflicting results on the magnitude of price linkages between equity mutual funds and the stock market. The study contends that in an optimal lagged model, the expectations of future prices using knowledge of past price behaviour in a particular equity mutual fund category will improve forecasts of prices of other equity mutual fund categories and the stock market index. The evidence shows that the long-run pricing of equity mutual funds is cointegrated with the stock market index. In the short run, the results indicate that some equity mutual fund categories possess both long-run and short-run exogeneity with the stock market. Therefore, the short-run dynamic indicates short-run Granger causal links running between different equity mutual fund categories.

  5. Equity and REDD+ in the Media: a Comparative Analysis of Policy Discourses

    Directory of Open Access Journals (Sweden)

    Monica Di Gregorio

    2013-06-01

    Full Text Available Reducing emissions from deforestation and forest degradation (REDD+ is primarily a market-based mechanism for achieving the effective reduction of carbon emissions from forests. Increasingly, however, concerns are being raised about the implications of REDD+ for equity, including the importance of equity for achieving effective carbon emission reductions from forests. Equity is a multifaceted concept that is understood differently by different actors and at different scales, and public discourse helps determine which equity concerns reach the national policy agenda. Results from a comparative media analysis of REDD+ public discourse in four countries show that policy makers focus more on international than national equity concerns, and that they neglect both the need for increased participation in decision making and recognition of local and indigenous rights. To move from addressing the symptoms to addressing the causes of inequality in REDD+, policy actors need to address issues related to contextual equity, that is, the social and political root causes of inequality.

  6. Assessing equity of public transport: the case of Palma (Mallorca, Illes Balears

    Directory of Open Access Journals (Sweden)

    Maurici Ruiz

    2017-01-01

    Full Text Available The practice of sustainable transport planning must take into account the level of territorial and social equity of service. The equity analysis requires a deep understanding of the service and the territorial and social characteristics where it is implanted. We propose a simplified method to analyze the equity of the public bus system that has been used in the city of Palma de Mallorca. The bus service level was calculated from the spatial analysis of the offer and was contrasted with the population and with a multidimensional index of social need for public transportation leading to horizontal and vertical equity respectively. Next the overall equity of the service was tested with the support of the Lorenz curve and Gini coefficient. Finally, a sensitivity analysis of bus routes depending on the role they play in the equity of the service was performed.

  7. Governance of Transnational Global Health Research Consortia and Health Equity.

    Science.gov (United States)

    Pratt, Bridget; Hyder, Adnan A

    2016-10-01

    Global health research partnerships are increasingly taking the form of consortia of institutions from high-income countries and low- and middle-income countries that undertake programs of research. These partnerships differ from collaborations that carry out single projects in the multiplicity of their goals, scope of their activities, and nature of their management. Although such consortia typically aim to reduce health disparities between and within countries, what is required for them to do so has not been clearly defined. This article takes a conceptual approach to explore how the governance of transnational global health research consortia should be structured to advance health equity. To do so, it applies an account called shared health governance to derive procedural and substantive guidance. A checklist based on this guidance is proposed to assist research consortia determine where their governance practices strongly promote equity and where they may fall short.

  8. Capital raising of aerospace companies: equities or debts?

    Science.gov (United States)

    Hui-Shan, L.; Taw-Onn, Y.; Wai-Mun, H.

    2016-10-01

    Aerospace products enhance national and economic activities, thus maintaining the sustainability of aerospace industry is crucial. One of the perspectives in ensuring sustainability of aerospace companies is expansion of firms by raising funds for research and development in order to provide a reasonable profitability to the firms. This study comprises a sample of 47 aerospace companies from 2009 to 2015 to analyze the impact of raising fund by equities or debts to the profitability of the firms. The result indicates that capital raising through equities is preferable than debts. Moreover, the study also identifies that the profit of aerospace industry is volatile and there is cyclical reduction of the net income in the first quarter of the year. The management needs to make wise decisions in raising fund to ensure a healthy growth of the aerospace company.

  9. Generational equity and the politics of the welfare state.

    Science.gov (United States)

    Quadagno, J

    1990-01-01

    The concept of generational equity--that the nation is squandering its wealth on entitlements to the elderly while children remain impoverished--has received considerable media attention. The author traces the source of that message to an organization, Americans for Generational Equity, which is dedicated to restructuring the Social Security system along the lines of a social assistance program: reduced benefits available at later ages only to those who qualify through means tests. The impact of this agenda would be to increase the labor force participation of older people, particularly women and minorities, those presently without private pension coverage and already heavily represented in that sector of the economy where labor shortage is developing. Defining national spending priorities in terms of intergenerational conflict obscures the fact that Social Security is the only U.S. welfare program that has been successful in reducing poverty levels.

  10. The equity imperative in tertiary education: Promoting fairness and efficiency

    Science.gov (United States)

    Salmi, Jamil; Bassett, Roberta Malee

    2014-06-01

    While the share of the tertiary education age cohort (19-25) which is being given the opportunity to study has increased worldwide over the past two decades, this does not in fact translate into reduced inequality. For many young people, especially in the developing world, major obstacles such as disparities in terms of gender, minority population membership or disabilities as well as academic and financial barriers are still standing in their way. The authors of this article propose a conceptual framework to analyse equity issues in tertiary education and document the scope, significance and consequences of disparities in tertiary education opportunities. They throw some light on the main determinants of these inequalities and offer suggestions about effective equity promotion policies directed towards widening participation and improving the chances of success of underprivileged youths in order to create societies which uphold humanistic values.

  11. Financial crises and volatility spillovers among emerging European equity markets

    Directory of Open Access Journals (Sweden)

    Ugur Ergun

    2014-08-01

    Full Text Available Financial crisis not only have statistically but also economically significant impact on global equity market returns. This study analyzes whether current financial crisis affect the equity market returns of Balkan transition economies and what is the extent of such impact by employing Generalized Autoregressive Conditional Heteroscedasticity model is employed on daily data spans from 2006 to 2012 for three transition economies which are Bosnia-Herzegovina, Croatia and Serbia. Empirical result indicates that volatility of Serbian stock price is influenced by the volatility of Bosnian and Croatian stock prices. There is one way volatility transmission from Bosnian and Croatian stock markets to Serbian stock market. High degree of volatility is observed in the stock markets during latest financial crises.

  12. AN ANALYSIS REGARDING DESCRIPTIVE DIMENSIONS OF BRAND EQUITY

    Directory of Open Access Journals (Sweden)

    Ioan MOISESCU

    2007-01-01

    Full Text Available The competitive potential of any company is significantly influenced by the brands held in the company’s portfolio. Brands are definitely valuable marketing assets. As the brand is a central element of any marketing strategy it is essential to be aware of the descriptive dimensions of its equity. This paper tries to outline these dimensions as follows: brand loyalty, brand awareness, brand perceived quality, brand personality, brand image, brand identity and brand associations, as analyzed in the specialized literature. Identifying and comparing different approaches regarding each brand equity dimension and revealing interdependencies between these dimensions, focusing on the importance of scientifically determining their role in generating a long-term increase in marketing efforts efficiency, are among the main objectives of this paper.

  13. Computer technology in education and issues of power and equity

    Directory of Open Access Journals (Sweden)

    Alper Kesten

    2010-05-01

    Full Text Available This study aims to use ‘techniques of power’ classified (based on Foucault’s work by Gore in order to illustrate power relations between supporters (or non-supporters of computer technology and teachers. For this purpose, six out of eight techniques of power (surveillance, normalization, exclusion, classification, distribution and regulation is used in formulating thoughts about computer technology and issues of power and equity. In this study, these techniques of power were discussed more detailed both to exemplify how supporters (or non-supporters of computer technology exercise power over teachers (preservice or inservice by using of major techniques of power and to show how they are related to the issue of equity.

  14. [Equity and health systems reform in Latin America].

    Science.gov (United States)

    Vargas, Ingrid; Vazquez, Maria Luisa; Jane, Elisabet

    2002-01-01

    The aim of any health care system is to help improve the people's health, and to do so as efficiently as possible. In order to improve the efficiency and equity of health services provision, many countries around the world have implemented reforms, including several Latin American nations. However similar the objectives may appear, the various ways societies implement such reforms reflect different values and concepts. This article analyzes the egalitarian and neoliberal values underlying different concepts of equity in health care. The authors develop criteria to interpret selected health services funding and provision strategies in Latin American health system reforms. These criteria are then applied to health care financing and delivery policies under the reforms currently being implemented in Colombia and Costa Rica.

  15. The effect of unethical behavior on brand equity

    Directory of Open Access Journals (Sweden)

    Seyedeh Faezeh Rezazadeh Baei

    2015-06-01

    Full Text Available This study explains the components of ethical behavior and their impacts on life insurance companies in province of Mazandaran, Iran. There were 367 insurance representatives and the study selects a sample of 187 ones based on Cochran formula and 2 questionnaires were distributed among them. The first questionnaire, unethical behavior, includes 8 items including Bribery, Cheating, Deception, Interact with colleagues, Act as social behavior, Uncommitted to firm and Irresponsibility. In addition, the questionnaire of brand equity contains three components of Awareness, Perceived quality and Loyalty. Using structural equation modeling, the study has determined that the effects of cheating and deception on unethical behaviors were not confirmed but the effects of other factors, bribery, interact with colleagues, act as social behavior, uncommitted to firm and irresponsibility on unethical behavior were confirmed. In addition, three components of Awareness, Perceived quality and Loyalty had positive relationship with brand equity.

  16. Three Approaches to Gender Equity in Science Education

    Directory of Open Access Journals (Sweden)

    Astrid Sinnes

    2012-12-01

    Full Text Available In this article I use feminist critique of science as a point of departure to discuss different understandingsof how sex/gender impacts on pupils’ approaches to science education. I construct a theoreticalframework that shows three different approaches to increase gender equity in science education. Eachapproach is grounded in a distinct understanding of how sex/gender impacts pupils’ engagementin science education. The analytical frame that is developed thereby represents descriptions of threealternative ways to address gender inequity in science education. The framework shows how differentunderstandings of how sex/gender impact on pupils’ engagement in science education require distinctinitiatives to increase gender equity. The framework can be used in the planning and analysis ofhow gender initiatives work to address gender inequity in science education.

  17. The effect of sales promotions characteristics on brand equity

    Directory of Open Access Journals (Sweden)

    Bahram Jabarzadeh Karbasi

    2014-09-01

    Full Text Available In the recent years, retail industry in Iran has faced an increasing competition and this has encouraged the managers of chain stores to find ways to differentiate their own companies. One of the influential factors in this field is brand equity. Concerning this issue, the aim of this paper is to examine the effectiveness of sale promotions on the brand equity of ETKA chain stores. Therefore, a sample of 500 people among the customers of these stores in Tehran was examined. The achieved information obtained from the questionnaire was analyzed through structural equation modeling. The results showed that monetary and non-monetary promotions could influence on brand association, brand awareness and the perceived quality. On the other hand, it came out that brand association and the perceived quality are influential on brand loyalty. At last, a few suggestions were presented based on the results of this research.

  18. Start-up Funding via Equity Crowdfunding in Germany

    DEFF Research Database (Denmark)

    Angerer, Martin; Brem, Alexander; Kraus, Sascha

    2017-01-01

    Entrepreneurs often struggle to find sufficient funding for their start-ups. A relatively new way for companies to attract capital is via an internet platform, locating investors who in return receive something in return for their ventures. Equity crowdfunding is one of several types...... of crowdfunding, and is also known as crowdinvesting in the German-speaking realm. This article predominantly advances the scientific knowledge regarding the success factors of equity crowdfunding for German start-ups. The study conducted nine qualitative interviews with start-ups and crowdinvesting platforms....... Its first result is that German start-ups select crowdinvesting because (1) it is a funding opportunity and (2) it has an expected marketing effect. To organize the results of relevant success factors, the Crowdinvesting Success Model was designed by the researchers. This supports German entrepreneurs...

  19. Venture capital and private equity investment preferences in selected countries

    Directory of Open Access Journals (Sweden)

    Krzysztof Dziekoński

    2016-01-01

    Full Text Available Sources of capital to finance companies in the SME sector is one of the basic conditions for the functioning and development of enterprises, especially in the early phase of their development. Increasingly popular is the use of capital market instruments, Private Equity, Venture Capital, Business Angels or Mezzanine. Funding of this kind can finance risky investments in return for a higher expected rate of return on capital. Access to financial resources and the conditions under which entrepreneurs can use them can determine the introduction of new technology, new products and services, expand distribution channels, implement changes that may lead to the growth in competitiveness and above all, innovation, thus the growth of the company. The paper presents results of statistical analysis of the venture capital and private equity funds investment strategies in selected countries. As a result investment profiles are created.

  20. Using Incomplete Information for Complete Weight Annotation of Road Networks

    DEFF Research Database (Denmark)

    Yang, Bin; Kaul, Manohar; Jensen, Christian S.

    2014-01-01

    We are witnessing increasing interests in the effective use of road networks. For example, to enable effective vehicle routing, weighted-graph models of transportation networks are used, where the weight of an edge captures some cost associated with traversing the edge, e.g., greenhouse gas (GHG......) emissions or travel time. It is a precondition to using a graph model for routing that all edges have weights. Weights that capture travel times and GHG emissions can be extracted from GPS trajectory data collected from the network. However, GPS trajectory data typically lack the coverage needed to assign...... weights to all edges. This paper formulates and addresses the problem of annotating all edges in a road network with travel cost based weights from a set of trips in the network that cover only a small fraction of the edges, each with an associated ground-truth travel cost. A general framework is proposed...

  1. Using Incomplete Information for Complete Weight Annotation of Road Networks

    DEFF Research Database (Denmark)

    Yang, Bin; Kaul, Manohar; Jensen, Christian S.

    2014-01-01

    We are witnessing increasing interests in the effective use of road networks. For example, to enable effective vehicle routing, weighted-graph models of transportation networks are used, where the weight of an edge captures some cost associated with traversing the edge, e.g., greenhouse gas (GHG......) emissions or travel time. It is a precondition to using a graph model for routing that all edges have weights. Weights that capture travel times and GHG emissions can be extracted from GPS trajectory data collected from the network. However, GPS trajectory data typically lack the coverage needed to assign...... weights to all edges. This paper formulates and addresses the problem of annotating all edges in a road network with travel cost based weights from a set of trips in the network that cover only a small fraction of the edges, each with an associated ground-truth travel cost. A general framework is proposed...

  2. The impact of brand communication on brand equity through Facebook

    OpenAIRE

    Schivinski, B; Dabrowski, D

    2015-01-01

    Purpose: The purpose of this study is to fill the gap in the discussion of the ways in which firm-created and user-generated social media brand communication impacts consumer-based brand equity metrics through Facebook. Design/methodology/approach: We evaluated 302 data sets that were generated through a standardized online-survey to investigate the impact of firm-created and user-generated social media brand communication on brand awareness/associations, perceived quality, and brand loyalty ...

  3. Destination brand equity research from 2001 to 2012

    OpenAIRE

    Kladou, Stella; Giannopoulos, Antonios A.; Mavragani, Eleni

    2015-01-01

    The present study delves into a review of the destination brand equity literature published since 2001, aiming to offer tourism researchers a reference guide to the general context, corresponding methods,and focus of previous works. A multisource search resulted in the identification of 64 relevant papers. Content analysis using multiple classifier variables provides further insights into specific geographical, conceptual, and methodological aspects. Conclusions pertain to the multidimensiona...

  4. Urban Place and Health Equity: Critical Issues and Practices

    OpenAIRE

    Jason Corburn

    2017-01-01

    © 2017 by the authors; licensee MDPI, Basel, Switzerland. Urban places and health equity are two of the most challenging concepts for 21st century environmental health. More people live in cities than at any other time in human history and health inequities are increasing. Health inequities are avoidable differences in the social, environmental and political conditions that shape morbidity and mortality, and disproportionately burden the poor, racial, ethnic and religious minorities and migra...

  5. Dispersed Equity Holding and Financial Performance of Banks in Nigeria

    OpenAIRE

    Mansur Lubabah Kwambo; Ahmad Bawa Abdul-Qadir

    2013-01-01

    The Nigerian banking system went through another type of reform since the completion of banking consolidation exercise in 2005, this came after a stress test which was done to ascertain the level of compliance with corporate governance code and soundness of banks in the country. Consequently, the sector witnessed another merger and acquisition, nationalization of some banks considered unhealthy and the granting of clean bill to some banks considered healthy. The directives on dispersed equity...

  6. A Sociological Framework to Address Gender Equity in the Geosciences

    Science.gov (United States)

    Holmes, Mary Anne

    2017-04-01

    Lack of equity in the science workforce is a sociological problem; those wishing to seek its amelioration can benefit by viewing the issue with a sociological lens (and a sociologist). One useful framework that we have used to think strategically about how to lower barriers to equity is Barbara Risman's (2004): this framework views barriers to equity as individual, interpersonal ("interactional"), and institutional. Any given barrier may fit into one or more of these frames. Individual barriers include those intrinsic to an individual and may include: lack of access to vital networks and mentors, lack of preparation, etc. Such barriers can be addressed through mentoring programs and attention to building networks (e.g., through professional society memberships). Interpersonal or "interactional" barriers are those that arise from how we perceive and treat one another. Implicit bias underlies many of these barriers, including whether we perceive women as scientists, as competent, as dedicated (etc) as men. Such barriers can be reduced through implicit bias awareness. Institutional barriers arise from the structure and history of the academy itself, from its policies and procedures. Many such policies and procedures have a differential impact on men or women, generally without that intention. Policies that reduce equity barriers include family leave, childcare facilities, search committee training, clearly articulated practices for evaluation of applications and personnel reviews, equal starting pay and startup packages, equable canvassing for names to consider for nominations for honors and awards, to name a few. By viewing the issue through such a framework, the appropriate response can be generated for a more effective result.

  7. Equity Price-Volume Relationship On The Russian Stock Exchange

    OpenAIRE

    Tov Assogbavi; Jennifer Schell; Siméon Fagnissè

    2011-01-01

    This paper analyses the stock price?volume relationship of individual equities in the Russian Stock Exchange. Using a vector auto-regression analysis on weekly data, we present a strong evidence of bi-directional relationship between volume and price change. This finding confirms the evidence reported by studies on many developed markets. However, the weak support for the positive price-volume relationship may imply that the differences in institutions and information flows in the Russian Sto...

  8. Equity in health care financing: The case of Malaysia

    OpenAIRE

    Sach Tracey H; Whynes David K; Yu Chai

    2008-01-01

    Abstract Background Equitable financing is a key objective of health care systems. Its importance is evidenced in policy documents, policy statements, the work of health economists and policy analysts. The conventional categorisations of finance sources for health care are taxation, social health insurance, private health insurance and out-of-pocket payments. There are nonetheless increasing variations in the finance sources used to fund health care. An understanding of the equity implication...

  9. Required Steps of Managing International Equity Placement Strategic Alliance

    Directory of Open Access Journals (Sweden)

    Harimukti Wandebori

    2012-01-01

    Full Text Available The purpose of the research is to unravel the steps of managing international equity placement strategic alliance (IEPSA. The steps of managing an IEPSA are obtained by conducting theoretical review. The theoretical reviews consist of theory of strategic alliance; definition, classification, and finding definition of an IEPSA, political and analytical considerations and the necessary steps. These steps of managing IEPSA can be classified into analyzing of macro consideration, micro consideration, domestic company’s stakeholder support, cultural understanding, strategic planning, internal support, human resource management, organizational arrangement, management control system, evolved cultural understanding, and evaluating results. In this research, the domestic partners who formed the IEPSAs are limited to State-Owned Enterprises (SOEs. The IEPSA was one of the means of privatization. The research will be beneficial for both foreign and domestic partners who form an IEPSA in the previous SOEs. By knowing the steps of managing the IEPSA both partners will be able to secure a successful implementation of IEPSA. By identifying the steps of managing the IEPSA, the stakeholder will not see IEPSA as threat rather as an opportunity to improve performance, to create synergy, and generate benefits for both partners and stakeholder. By knowing the necessary steps of managing the IEPSA, the stakeholder including society and politician will envisage the IEPSA as a means of effectively improving the SOEs’ performances.The research was espected to provide contributions for the research on strategic alliances. Apparently, there exist no literatures discussing about IEPSA in the domain of strategic alliances. Keywords: strategic alliance, equity placement, international equity placement strategic alliance, privatization, steps of international equity placement strategic alliance, state-owned enterprises

  10. Disclosure-Derived Financial Statement Adjustments in Equity Valuation

    OpenAIRE

    George Batta; Ananda Ganguly; Joshua George Rosett

    2014-01-01

    In this paper, we assess the equity value relevance of disclosure-derived financial statement adjustments. In price levels and returns tests, we find that reported financial numbers have relatively superior explanatory power over adjusted numbers. Only when adjustments are included along with reported numbers in pricing regressions do adjustments retain significant explanatory power. Our results suggest that for summary valuation inputs like operating profitability, assets, and liabilities, a...

  11. Equity impacts of the energy problem: a working bibliography

    Energy Technology Data Exchange (ETDEWEB)

    Arshack, S.; Frankena, F.

    1980-01-01

    The materials selected for this bibliography cite the growing number of impact studies and needs analyses undertaken on the equity aspects of the energy problem. These studies have not kept pace with the growth in the ranks of working and unemployed poor burdened by rising real energy prices and shortfalls in supply, which disproportionately affect low and moderate income consumers. National concern remains to be reflected in a comprehensive national policy.

  12. Prevention, communication and equity in environmental epidemiology: ethical issues.

    Science.gov (United States)

    Pagliarani, Giovanna; Botti, Caterina

    2011-01-01

    In environmental epidemiology research, decisions about when and how to intervene requires adequate ethical reflection. In fact, different kinds of issues may arise about: research methods and knowledge production; management of the results in terms of their overall assessments or for the implementation of preventive actions; reclamation intervention. In this contribution we propose to consider three topics we regard as crucial to this ethical debate: the reporting of conclusive research data; the correct application of the precautionary principle; and the environmental equity issues.

  13. Professor says research shows slow progress in transportation equity

    OpenAIRE

    Micale, Barbara L.

    2005-01-01

    Tom Sanchez of Dumfries, Va., associate professor of urban affairs and planning in the College of Architecture and Urban Studies at Virginia Tech, National Capital Region, was an invited panelist at a national workshop, "Transportation Equity: Past, Present, and Future," sponsored by the U.S. Department of Transportation at Troy University in Montgomery, Ala., to commemorate the 50th anniversary of the Montgomery Bus Boycott.

  14. Developing a structural brand equity model for cultural destinations

    OpenAIRE

    Kladou, Stella; Kehagias, John

    2014-01-01

    Purpose\\ud – This paper aims to investigate the structural relationships between the brand equity (BE) dimensions, when the fifth dimension of cultural brand assets is incorporated. The paper seeks to establish and validate a five-dimensional BE measure for cultural urban destination, by comparing findings in two destinations.\\ud \\ud Design/methodology/approach\\ud – The structural model was tested from the perspective of 399 international tourists visiting Athens. Confirmatory factor analysis...

  15. The impact of SFAS 123R on CEO equity compensation

    OpenAIRE

    Quartin, Rosana Inês Hipólito

    2009-01-01

    A Work Project, presented as part of the requirements for the Award of a Masters Degree in Finance from the NOVA – School of Business and Economics In December of 2004, FASB released SFAS 123R, mandating the expensing of executive stock options. This paper studies the changes that occurred in CEO equity compensation in the period of 2000 to 2006. Complementary, I analyze the relevance of performance conditions in this form of compensation. There are two main findings: (i) in th...

  16. Does School Improve Equity? Some Key Findings from Portuguese Data

    OpenAIRE

    Chagas Lopes, Margarida; Medeiros, João; PINTO, AQUILES

    2005-01-01

    Does School Improve Equity? ABSTRACT Most school inequality research usually emphasize the role played by pupils' family social, cultural and economic condition, their parents' educational achievement, previous own school story and gender, among other factors. Despite also considering these same determinants, our main purpose in this paper had to do with assessing the specific role played both directly and indirectly by the "school effect" upon pupils' scholar trajectories; and thereby ...

  17. Equity, Justice, Interdependence: Intergenerational Transfers and the Ageing Population

    OpenAIRE

    Rydell, Ingrid

    2005-01-01

    The increase in the ratio of the elderly to the working age population as the demographic transition of low fertility and low mortality proceeds, has spurred a discussion concerning the equity of intergenerational transfers. The central question is if and how the state can afford the pensions and healthcare costs for growing older populations, and who should carry the burden. To a large extent, focus has been on public transfers while neglecting private transfers within families. There is als...

  18. Charting equity in higher education: drawing the global access map

    OpenAIRE

    Atherton, G; Dumangane, C; Whitty, G

    2016-01-01

    We know the economic benefit to individuals and to communities of increased levels of Higher Education (HE) participation. We also know that participation in HE has been expanding steadily; we anticipate there will be half a billion students participating in postsecondary education by 2030. But what do existing data tell us about who is accessing HE, and who is currently missing out? Specifically, what do we know about equity in access to high quality HE? Knowing that we are best able to mana...

  19. An Integrated Framework for Gender Equity in Academic Medicine.

    Science.gov (United States)

    Westring, Alyssa; McDonald, Jennifer M; Carr, Phyllis; Grisso, Jeane Ann

    2016-08-01

    In 2008, the National Institutes of Health funded 14 R01 grants to study causal factors that promote and support women's biomedical careers. The Research Partnership on Women in Biomedical Careers, a multi-institutional collaboration of the investigators, is one product of this initiative.A comprehensive framework is needed to address change at many levels-department, institution, academic community, and beyond-and enable gender equity in the development of successful biomedical careers. The authors suggest four distinct but interrelated aspects of culture conducive to gender equity: equal access to resources and opportunities, minimizing unconscious gender bias, enhancing work-life balance, and leadership engagement. They review the collection of eight articles in this issue, which each address one or more of the four dimensions of culture. The articles suggest that improving mentor-mentee fit, coaching grant reviewers on unconscious bias, and providing equal compensation and adequate resources for career development will contribute positively to gender equity in academic medicine.Academic medicine must adopt an integrated perspective on culture for women and acknowledge the multiple facets essential to gender equity. To effect change, culture must be addressed both within and beyond academic health centers (AHCs). Leaders within AHCs must examine their institutions' processes, resources, and assessment for fairness and transparency; mobilize personnel and financial resources to implement evidence-based initiatives; and assign accountability for providing transparent progress assessments. Beyond AHCs, organizations must examine their operations and implement change to ensure parity of funding, research, and leadership opportunities as well as transparency of assessment and accreditation.

  20. Realized Jump Risk and Equity Return in China

    OpenAIRE

    Guojin Chen; Xiaoqun Liu; Peilin Hsieh; Xiangqin Zhao

    2014-01-01

    We utilize the realized jump components to explore a new jump (including nonsystematic jump and systematic jump) risk factor model. After estimating daily realized jumps from high-frequency transaction data of the Chinese A-share stocks, we calculate monthly jump size, monthly jump standard deviation, and monthly jump arrival rate and then use those monthly jump factors to explain the return of the following month. Our empirical results show that the jump tail risk can explain the equity retu...

  1. Dispersed Equity Holding and Financial Performance of Banks in Nigeria

    OpenAIRE

    Mansur Lubabah Kwambo; Ahmad Bawa Abdul-Qadir

    2013-01-01

    The Nigerian banking system went through another type of reform since the completion of banking consolidation exercise in 2005, this came after a stress test which was done to ascertain the level of compliance with corporate governance code and soundness of banks in the country. Consequently, the sector witnessed another merger and acquisition, nationalization of some banks considered unhealthy and the granting of clean bill to some banks considered healthy. The directives on dispersed equity...

  2. Yangtze River Delta:New Opportunities for Equity Investment

    Institute of Scientific and Technical Information of China (English)

    XiangXi

    2003-01-01

    In early November, Cheng Siwei, Vice chairman of the Standing Committee of the National People's Congress, remarked that China's equity market will play an ever-important role as China is building a society with moderate prosperity in an overall way. He said we should resort to legal means in regulating the behaviour of market participants, in defining the relationships between market participants, and in maintaining market competition.

  3. Risk Measurement of Equity Markets and Private Investor Behaviour

    Directory of Open Access Journals (Sweden)

    Stanislav Škapa

    2013-11-01

    Full Text Available Purpose of this article: The aim of this paper is to evaluate and determine risk profile of equities markets and conclude consequency for private investor portfolios. There is summarized broad issue of risk measuremen with a focuse on downside risk measurement principle and giving into context with expected utility theory and loss aversion theory. Methodology/methods: The suitable statistical methods (mainly robust statistical methods have been used for estimation of selected characteristics and ratios. There is used a computer intensive method (a bootstrap method for estimating risk characteristics for equity markets, indicators and ratios. Scientific aim: The main scientific aim is to use a complex of more sophisticated and theoretically advanced statistical techniques and apply them on on the finding of the expected utility theory and the loss aversion theory. Findings: A main finding should be reckon a using of results of loss aversion theory applied into empirical evidence of risk profile of equity markets which led to the finding that more reliable and more suitable evaluation of risk of equity markets is downside risk and Sortino ratio from the perpective of private investor. Conclusion: Using downside risk measurement is revealing as it lays bare the “true” risk of investing in stock markets mainly for risk averse private investors. A bootstrap method with down side risk metric can evaluate risk in more appropriate way, and it is also more suitable if statistical characteristics do not fulfil a normal distribution assumption (mostly because of fat tails or outliers. And lastly in general, investors in emerging market (e.g. Visegrad´s countries are rewarded with higher return, but if things go wrong, the damage can be severe and detrimental to performance.

  4. The Impact of Customer-Based Brand Equity on Customer Acquisition and Customer Retention

    OpenAIRE

    F. Stahl; Heitmann, M.; Lehmann, D R

    2010-01-01

    The topic of marketing accountability is of great interest to marketing researchers and professionals. In this paper, we model the impact of customer-based brand equity on customer acquisition and customer retention which can be used as the basis for calculating customer equity. Using actual purchase data of 39 automobile brands sold in the US between 1999 and 2008 we derive customer acquisition and customer retention from first-order Markov brand-switching matrices. Brand equity is defined b...

  5. How brand personality, brand identification and service quality influence service brand equity

    OpenAIRE

    Sandra Maria Correia Loureiro; Rui Lopes; Hans Ruediger Kaufmann

    2014-01-01

    During the past couple of decades, brand equity has emerged as one of the key concepts in marketing. Literature concerned with consumer brand relationship is calling for more studies in order to increase understanding of brand equity dimensions. Therefore, this study aims to contribute to the existing body of knowledge by examining the strength of relational variables on brand equity perceived by consumers. Findings support the proposed model in the service industry revealing that brand loyal...

  6. The effects of marketing mix elements on Brand equity

    Directory of Open Access Journals (Sweden)

    Aida Ranjbar

    2012-12-01

    With increasing competition and raising phenomena such as global markets, the domestic industries of each country in order to stay in this area should increase their competitive advantage. Brand value is One of the strategic tools that causes commitment and frequency of consumption, increasing economic value for shareholders and expand economic activity beyond the geographic boundaries. It is essential to investigate how the marketing mix elements effect brand value, because of brand importance. In this study, we tried to examine marketing mix effect on brand equity in company of a shirin asal. so we explore relationships between marketing mix of product, price, promotion and distribution as exogenous variables and on the brand equity of the brand awareness / associations, brand loyalty and perceived quality as the theory of endogenous variables. The statistical study were all consumers in the city of Tabriz statistical and 480 consumers were selected as sample. The information collected with Cluster sampling in stores offering products of this company from consumer and was examined using structural equation analysis. Structural equation analysis suggests two elements product and price impact Brand equity. Two-element distribution and promotional activities of the factors influencing awareness / associations.

  7. Are industries resonding differently to the employment equity challenge?

    Directory of Open Access Journals (Sweden)

    Helena Smith

    2003-09-01

    Full Text Available The primary objective of the study was to determine whether the Employment Equity Questionnaire detects significant differences between employment equity practices of companies from different industries in order to assess the discriminant validity of the scale. Samples of convenience from nine different companies representing different industries, constituted a larger sample of 4729. First and second level factor analyses on 41 common items across all nine companies yielded a single scale with an acceptable Alpha coefficient of 0,959. Analysis of variance, followed by post hoc contrast tests, indicated significant differences between some organisations. The discriminant validity of the scale could be established and recommendations for further improvement of the scale were made. Opsomming Die doel van die studie was om te bepaal of die “Employment Equity Questionnaire" betekenisvolle verskille kan uitwys tussen die werkgelykheidspraktyke van maatskappye vanuit verskeie industrieë ten einde die diskriminante geldigheid van die instrument te bepaal. Gerieflikheidsteekproewe van nege verskillende maatskappye, verteenwoordigend van verskillende industrieë, het ’n totale steekproef van 4729 daargestel. Eerste en tweede vlak faktorontledings is op 41 gemeenskaplike items oor al nege maatksappye gedoen en dit het ’n aanvaarbare Alfa koëffisiënt van 0,959 opgelewer. ’n Variansie-ontleding, gevolg deur post hoc kontrastoetse, het op betekenisvolle verskille tussen die onderskeie organisasies gedui. Die diskriminante geldigheid van die instrument kon vasgestel word en aanbevelings ter verbetering daarvan is aan die hand gedoen.

  8. Portfolio Diversification in the South-East European Equity Markets

    Directory of Open Access Journals (Sweden)

    Zaimovic Azra

    2017-04-01

    Full Text Available Diversification potential enables investors to manage their risk and decrease risk exposure. Good diversification policy is a safety net that prevents a portfolio from losing its value. A well-diversified portfolio consists of different categories of property with low correlations, while highly correlated markets have the feature of low possibilities for diversification. The biggest riddle in the world of investments is to find the optimal portfolio within a set of available assets with limited capital. There are numerous studies and mathematical models that deal with portfolio investment strategies. These strategies take advantage of diversification by spreading risk over several financial assets. Modern portfolio theory seeks to find the optimal model with the best results. This paper tries to identify relationships between returns of companies traded in South-East European equity markets. A Markowitz mean-variance (MV portfolio optimization method is used to identify possibilities for diversification among these markets and world leading capital markets. This research also offers insight into to the level of integration of South-East European equity markets. Principal component analysis (PCA is used to determine components that describe the strong patterns and co-movements of the dataset. Finally, we combined MV efficient frontier and equity, which represent PCA components, to draw conclusions. Our findings show that PC analysis substantially simplifies asset selection process in portfolio management. The results of the paper have practical applications for portfolio investors.

  9. Vocational Psychology: Agency, Equity, and Well-Being.

    Science.gov (United States)

    Brown, Steven D; Lent, Robert W

    2016-01-01

    The present review organizes the vocational psychology literature published between 2007 and 2014 into three overarching themes: Promoting (a) agency in career development, (b) equity in the work force, and (c) well-being in work and educational settings. Research on career adaptability, self-efficacy beliefs, and work volition is reviewed in the agency section, with the goal of delineating variables that promote or constrain the exercise of personal agency in academic and occupational pursuits. The equity theme covers research on social class and race/ethnicity in career development; entry and retention of women and people of color in science, technology, engineering, and math (STEM) fields; and the career service needs of survivors of domestic violence and of criminal offenders. The goal was to explore how greater equity in the work force could be promoted for these groups. In the well-being section, we review research on hedonic (work, educational, and life satisfaction) and eudaimonic (career calling, meaning, engagement, and commitment) variables, with the goal of understanding how well-being might be promoted at school and at work. Future research needs related to each theme are also discussed.

  10. Improving Climate and Gender Equity in Physics Departments

    Science.gov (United States)

    Yennello, Sherry

    2010-02-01

    We need to open the door of science to women and minorities. We need to invite them in and encourage them to succeed. We need to teach them the secret handshake and transfer all the writing on the men's room walls and all-white country clubs into accessible places. We need to promote them to positions of national prominence. We need to do this out of respect to our mothers and the pioneering scientists who have come before us. We need to do this for our daughters and sons, so that our grandchildren may only know this discrimination as a piece of history. We need to do this now -- for the sake of our country, our science, our technical workforce, our economy and because it is the right thing to do. The Committee on the Status of Women in Physics (CSWP) has been helping physics departments improve their climate as a means to enhance gender equity. The CSWP site visit program has been giving departments valuable feedback on their climate for many years. In May 2007, a workshop on ``Gender Equity: Enhancing the Physics Enterprise in Universities and National Laboratories'' was held to address the issue of underrepresentation of women in physics by engaging the stake holders. This fall a new ``Conversation on Gender Equity'' has begun. Successful strategies for improving the climate and increasing the representation of women in physics will be presented. )

  11. Equity and length of lifespan are not the same.

    Science.gov (United States)

    Seligman, Benjamin; Greenberg, Gabi; Tuljapurkar, Shripad

    2016-07-26

    Efforts to understand the dramatic declines in mortality over the past century have focused on life expectancy. However, understanding changes in disparity in age of death is important to understanding mechanisms of mortality improvement and devising policy to promote health equity. We derive a novel decomposition of variance in age of death, a measure of inequality, and apply it to cause-specific contributions to the change in variance among the G7 countries (Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States) from 1950 to 2010. We find that the causes of death that contributed most to declines in the variance are different from those that contributed most to increase in life expectancy; in particular, they affect mortality at younger ages. We also find that, for two leading causes of death [cancers and cardiovascular disease (CVD)], there are no consistent relationships between changes in life expectancy and variance either within countries over time or between countries. These results show that promoting health at younger ages is critical for health equity and that policies to control cancer and CVD may have differing implications for equity.

  12. PERAN BRAND IMAGESEBAGAI PEMEDIASI PENGARUH COUNTRY OF ORIGINPADA BRAND EQUITY

    Directory of Open Access Journals (Sweden)

    Pratiwi Ni Luh Putu Mira

    2015-10-01

    Full Text Available The aim of this study is to determine the mediating role of brand image on the influence of countryof origin on brand equity of Toyota car in Denpasar City. This research was conducted to 150 samples by implementing purposive sampling method. The data was collected by using instrument with 5 point Likert’s Scale. The data was analized with Structural Equation Modeling ( SEM technique. The results show that 1 country of origin has a positive effect on brand image, 2 country of origin is positively affect brand equi ty, 3 brand image is positively affect brand equity, and 4 brand image mediates the effect of country of origin on brand equity. It is recommended for Toyota Management to further highlight that Toyota is a made in Japan car with an image of developed countries. Additionally, Toyota  management can also improve  its brand image by making Toyota as the top brand award, so it will be able to increase the brand equityof the Toyota products.

  13. Equity – Connotations in the Current Romanian Legal System

    Directory of Open Access Journals (Sweden)

    Emilian Ciongaru

    2014-05-01

    Full Text Available The underlying principle of the law, and a source of law – equity – has been expressly or explicitly integrated in the judicial development of law, with a view to giving a meaning to the law, for which reason it is aimed at peacefully solving or preventing the social disputes in society. Therefore, equity has a hermeneutic function, strictly for making interpretations when the legislator so allows it, it is intrinsic to the law and contains all phases of good management and enforcement of justice, being a part of all stages of the legal proceedings, from the application initiating proceeding to the actual implementation of the court decision awarded, regardless of the nature or extent of jurisdiction, and of the nature of the litigation referred for judgment. According to the requirements of equity, the judges have special powers for settling specific cases, namely, they may offer resolutions they consider to be fair and conforming to the interests of the parties involved, which is to be grounded on facts, and not on the positive law.

  14. Relationship between Lithuanian Sovereign Credit Risk and Equity Market

    Directory of Open Access Journals (Sweden)

    Aistė Abazoriūtė

    2015-12-01

    Full Text Available We analyse relationship between Lithuanian sovereign credit risk and equity market. The aim of the paper is to find the impact of the sovereign credit risk, which is expressed in the terms of Credit Default Swaps (CDS, on the movements of stocks prices of Lithuania. We use VAR (vector autoregression model in order to find the relationship between Lithuanian CDS spread and OMX Vilnius index. We use impulse reaction method to investigate the impact of CDS spreads on the OMX Vilnius index. After analysis of equity index OMX Vilnius and Lithuanian CDS price relationship it was found out that there exists an opposite relationship between these two variables. When the CDS prices are rising, the equity prices decrease and vice versa. The main finding is that Lithuanian capital market returns reacts immediately to the changes of credit risk of Lithuania which is set by the global capital market and expressed by the CDS prices and Lithuanian capital market is under the great foreign pressure.

  15. Efficiency, new equity capital enable systems to compete.

    Science.gov (United States)

    Brown, M; McCool, B P

    1985-01-01

    Because of limited cash, sponsors of some community and religious hospitals have sought to sell or lease their institutions to a not-for-profit (NFP) system or to a for-profit system. A number of national alliances address the capital formation problem of NFP institutions. Until now they have been almost exclusively concerned with acquiring less costly debt. Without new equity capital, market influence is difficult to obtain. Even well-managed voluntary systems face a serious threat from well-capitalized investor-owned systems. Increased competition among hospitals and physicians will force future advantages to those who have capital. It will also restrict funding of certain programs and services by voluntary enterprises. In anticipation of this, various forms of partnerships have developed with investor-owned systems. To regain the initiative as the premier sponsors of health care, religious and other voluntary systems must go beyond merely competing in their markets to acquiring weaker institutions. They also must revitalize private giving and excel in efficiency to offset threats from ambulatory, day-care operations and from high-technology hospitals. Structural changes in the industry can be predicted, including the following: The trend toward integration for production, financing, and marketing will continue. Public market equity capital will be increasingly used to finance medical practice. Hospitals that sell their equity values will establish service foundations. National alliances will continue, but strictly local systems will maintain operation. Investor-owned systems will move increasingly into high-technology tertiary care.

  16. The distribution of the burden of taxation from the point of view of equity

    Directory of Open Access Journals (Sweden)

    Mateusz Langer

    2016-03-01

    Full Text Available The goal of this paper is to clarify the basic point of view of equity from a perspective of modern finance theory. The author strives to determine whether, and if so, what role does the equity at distribution of the burden of taxation in the state. In particular, research has shown in a broader context the basic approach to get the point of equity, and innovative conceptuality as a reflex of the values and postulates of law. The material in this article is an interdisciplinary investigation of equity as a quite important and complex issue of theory, philosophy and practice of law.

  17. Case Study of the Ways Private Equity Funds Apply to Dodge Capital-flow Control

    Institute of Scientific and Technical Information of China (English)

    张明

    2008-01-01

    In this article,several cases are cited to demonstrate how foreign private equity firms circumvent Chinese government restrictions on capital flows and investing in strategic and sensitive sectors. Speci cally,private equities investing in Chinese companies to be listed abroad can use the Red-chip,Sheng Da or overseas option models. Private equities investing in domestically-listed Chinese companies can resort to foreign-funded banks,underground banking,stock-holder borrowing,stocks held by the third party,equity bonds or local investment company purchases.

  18. Pricing Equity-Indexed Annuities under Stochastic Interest Rates Using Copulas

    Directory of Open Access Journals (Sweden)

    Patrice Gaillardetz

    2010-01-01

    Full Text Available We develop a consistent evaluation approach for equity-linked insurance products under stochastic interest rates. This pricing approach requires that the premium information of standard insurance products is given exogenously. In order to evaluate equity-linked products, we derive three martingale probability measures that reproduce the information from standard insurance products, interest rates, and equity index. These risk adjusted martingale probability measures are determined using copula theory and evolve with the stochastic interest rate process. A detailed numerical analysis is performed for existing equity-indexed annuities in the North American market.

  19. Market, Country and World Effects on Regional Equity Market Integration

    Directory of Open Access Journals (Sweden)

    Chee Wooi Hooy

    2014-08-01

    Full Text Available This study explores the fundamental driving forces of regional equity market integration in a trading bloc. The determinant factors are categorized into market attribute, economic fundamentals and world information. Our sample consists of 26 equity markets of ive regional trading blocs, namely AFTA, CER, EFTA, EU and NAFTA over the period of January 1999 to  August  2005.  We  measure  market  integration  based  on  pricing  errors  as  proposed  by Korajczyk (1996 and Levine and Zervos (1998. Using panel regressions, our results show that  equity  integration  in  these  trading  blocs  is  driven  internally,  where  only  individual-market  volatility  and  economic  fundamentals  play  a  signiicant  role  in  the  process.  Intra-bloc  trade  is  found  to  enhance  regional  equity  market  integration,  supporting  the  notion that  regional  convergence  extends  beyond  the  trade  sector  that  is  promoted  in  the  trade agreements.  We  also  document  regime  shifting  effects  during  stock  market  crises,  where most  of  these  markets  became  strongly  integrated  after  a  regional  crisis,  but  integration was signiicantly weakened during a crisis that affected the world markets. Also, the level of equity market integration differs across trading blocs, where the blocs with a smaller number of country members are relatively more integrated. ";} // -->activate javascript

  20. On the Estimate Method of Construction Engineering Cost Based on the RS-GA-NNA Model

    Directory of Open Access Journals (Sweden)

    Xie Zheng

    2012-07-01

    Full Text Available Given the low intelligent level and the low accuracy of valuation of civil architecture projects, we put forward in the study a constructional engineering assessment method based on Artificial Intelligence which taking advantage of data-calculation from rough set theory, genetic algorithm and neural network algorithm. First, the rough set theory is used to reduce the discrete attributes to optimize the input variables of BP neural network. And then use the global search feature of genetic algorithm to optimize the initial weight and the threshold value of BP neural network. The new algorithm covers both the global random search capability of genetic algorithm and the learning ability and robustness of neural network, thus the computational speed and accuracy have been more significantly improved than the traditional methods. To empirically analyze a case selected from a city in Hunan Province, the results show that the new algorithm model can rely on the engineering features, assess the construction costs scientifically and objectively and have high practical value.

  1. Cost base for hydropower plants : with a generating capacity of more than 10 000 kw : price level 1 January 2010

    Energy Technology Data Exchange (ETDEWEB)

    Slapgaard, Jan

    2012-07-25

    This manual has been prepared as a tool for calculation of average foreseeable contractor costs (civil works) and supplier costs (mechanical and electrical equipment) for large hydroelectric power plants with an early phase generating capacity of more than 10 000 kw. These costs will depend on a number of conditions which may vary from plant to plant, and this requires that the user to have a sound technical knowledge. This applies in particular to the civil works associated with the hydropower plant. The manual is a supplement to our cost base for smaller hydropower projects (Manual No. 2/2010)(au)

  2. 75 FR 5452 - Regulations Under the Paul Wellstone and Pete Domenici Mental Health Parity and Addiction Equity...

    Science.gov (United States)

    2010-02-02

    ... Health Parity and Addiction Equity Act of 2008 AGENCY: Internal Revenue Service (IRS), Treasury. ACTION... regulations under the Paul Wellstone and Pete Domenici Mental Health Parity and Addiction Equity Act of 2008...

  3. The Study of Consumer’s Post-Purchase Evaluation toward Brand Equity of Five Stars Hotels in Thailand

    OpenAIRE

    Dejsiriphun, Chonnikarn; Suviratvithayakit, Kritsana

    2011-01-01

    Date: May 30, 2011 Program: MIMA- International Marketing Course Name: Master Thesis (EFO705) Title: The Study of Consumer’s Post-Purchase Evaluation toward Brand Equity of Five Stars Hotels in Thailand Research Problem: What are the characteristics of brand equity of five star luxury hotels in Thailand and which components of brand equity are the majority concerns from customers’ evaluation? Purpose: The study aims to investigate and analyze the interrelationship of brand equity of five star...

  4. Educational Equity in Spain and Norway: A Comparative Analysis of Two OECD Country Notes

    Science.gov (United States)

    Haugen, Cecilie Ronning

    2011-01-01

    This article undertakes a comparative study of the Organization for Economic Co-operation and Development's (OECD) thematic reviews on "equity in education" for Spain and Norway. The author investigates whether there may be a similar orientation to equity expressed in the two reviews and discusses how social stratification may occur within the…

  5. 76 FR 8265 - Conformance Period for Entities Engaged in Prohibited Proprietary Trading or Private Equity Fund...

    Science.gov (United States)

    2011-02-14

    ... ``hedge fund'' and ``private equity fund'' as an issuer that would be an investment company, as defined... prohibited proprietary trading in the securities of U.S. companies if such trades were booked outside of the... investments in, or relationships with, hedge funds and private equity funds. The Board also consulted with...

  6. An equity-interest rate hybrid model with stochastic volatility and the interest rate smile

    NARCIS (Netherlands)

    Grzelak, L.A.; Oosterlee, C.W.

    2010-01-01

    We define an equity-interest rate hybrid model in which the equity part is driven by the Heston stochastic volatility [Hes93], and the interest rate (IR) is generated by the displaced-diffusion stochastic volatility Libor Market Model [AA02]. We assume a non-zero correlation between the main

  7. Teachers' Perceptions of Equity in Education in High-Poverty Schools

    Science.gov (United States)

    Arvin, Lorraine J.

    2009-01-01

    This study explores teachers' perceptions of equity in education for students in four high-poverty elementary schools in Chicago. Teachers in high-poverty schools in Chicago regularly face dilemmas in serving high-need students with limited resources due to significant gaps in funding of metropolitan public schools. Literature on equity in…

  8. Equity and Early Childhood Education: Reclaiming the Child. A Research Policy Brief

    Science.gov (United States)

    National Council of Teachers of English, 2016

    2016-01-01

    Equity can be described as the elimination of privilege, oppression, disparities, and disadvantage that historically have excluded those belonging to particular groups. This is the first and overarching of several research policy briefs around issues of equity. When taken as a whole, these briefs will create a space and open a dialogue around the…

  9. Revisiting Educational Equity and Quality in China through Confucianism, Policy, Research, and Practice

    Science.gov (United States)

    Mu, Guanglun Michael; Zheng, Xinrong; Jia, Ning; Li, Xiaohua; Wang, Shaoyi; Chen, Yanchuan; He, Ying; May, Lyn; Carter, Merilyn; Dooley, Karen; Berwick, Adon; Sobyra, Angela; Diezmann, Carmel

    2013-01-01

    The promotion of educational equity and improvement of educational quality in China are contextualised in tenets of Confucianism and policy directives, inspiring educational research and practice. In this paper, we first explore the historical and cultural roots of educational equity and quality through Confucianism and elaborate on the current…

  10. Create Better Diversified High-Conviction Equity Portfolios using the Portfolio Diversification Index

    NARCIS (Netherlands)

    D.P. Crezée (Dominiek); L.A.P. Swinkels (Laurens)

    2010-01-01

    textabstractWe investigate the construction of well-diversified high-conviction equity portfolios, building on Rudin and Morgan (2006) who introduced the Portfolio Diversification Index (PDI) as a new measure of portfolio diversification applied to long/short equity hedge funds in an in-sample

  11. Components of equity-oriented health care system: perspective of Iranian nurses.

    Science.gov (United States)

    Rooddehghan, Zahra; Nasrabadi, Alireza Nikbakht; Parsa Yekta, Zohreh

    2014-09-28

    Equity in health is one of key objectives in health care systems world wide. This study aimed to explain the perspective of Iranian nurses about equity in the health care system. A qualitative exploratory design with thematic analysis approach was used to collect and analyze data. Using a purposeful sampling helped the researchers to recruit 16 eligible participants. Data were collected via in-depth semi-structured interviews. Five main categories were extracted through data analysis process including (1) inequity against the nurse, (2) the recommended patient, (3) no claim for equity-oriented care in health system, (4) physicians' dominancy system; and (5) the need to define criteria to measure equity-oriented care. All health care systems around the world struggle to establish equity-oriented care. In perspective of Iranian nurses, the reform of structures in the health system is possible through providing the context of equitable care for caregivers and care recipients. Health system should commit the flow of equity at all of its levels. It should utilize policies to claim equity and consider the interests of all beneficiaries. Furthermore, certain criteria should be defined for equity-oriented care in the health care system, and also provides the possibility to measure and monitor it.

  12. Private equity and hedge fund activism: Explaining the differences in regulatory responses

    NARCIS (Netherlands)

    J.A. McCahery; E.P.M. Vermeulen

    2008-01-01

    Hedge funds and private equity increasingly play an important role in the financial services industry and corporate governance in Europe and the United States. Activist hedge funds and private equity firms have developed similar investment strategies that are designed to influence the corporate gove

  13. The Economic and Human Development Costs of Missing the Millennium Development Goal on Gender Equity.

    Science.gov (United States)

    Abu-Ghaida, Dina; Klasen, Stephan

    2004-01-01

    At the Millennium Summit, the world community pledged to promote gender equality and chose as a specific target the achievement of gender equity in primary and secondary education by the year 2005 in every country of the world. Based on the findings from a growing empirical literature that suggests that gender equity in education promotes economic…

  14. Create Better Diversified High-Conviction Equity Portfolios using the Portfolio Diversification Index

    NARCIS (Netherlands)

    D.P. Crezée (Dominiek); L.A.P. Swinkels (Laurens)

    2010-01-01

    textabstractWe investigate the construction of well-diversified high-conviction equity portfolios, building on Rudin and Morgan (2006) who introduced the Portfolio Diversification Index (PDI) as a new measure of portfolio diversification applied to long/short equity hedge funds in an in-sample perio

  15. Access and Equity in Financing Higher Education: The Case of Morocco

    Science.gov (United States)

    Bougroum, Mohammed; Ibourk, Aomar

    2011-01-01

    This paper explores the higher education financing policy in Morocco in light of the central issue of equity. First, it surveys the current situation, using a critical approach to the present financing policy, and looking at the three dimensions of adequacy, efficiency, and equity. Second, it describes the principal policy challenges in financing…

  16. Agency Theory of Overvalued Equity as an Explanation for the Accrual Anomaly

    NARCIS (Netherlands)

    Kothari, S.P.; Loutskina, E.; Nikolaev, V.

    2006-01-01

    We show that the agency theory of overvalued equity (see Jensen, 2005) rather than investors' fixation on accruals explains the accrual anomaly, i.e., abnormal returns to an accrual trading strategy (see Sloan, 1996).Under the agency theory of overvalued equity, managers of overvalued firms are like

  17. Assessing Credit with Equity : A CEV Model with Jump to Default

    NARCIS (Netherlands)

    Campi, L.; Polbennikov, S.Y.; Sbuelz, A.

    2005-01-01

    Unlike in structural and reduced-form models, we use equity as a liquid and observable primitive to analytically value corporate bonds and credit default swaps.Restrictive assumptions on the .rm.s capital structure are avoided.Default is parsimoniously represented by equity value hitting the zero

  18. Equity and Early Childhood Education: Reclaiming the Child. A Research Policy Brief

    Science.gov (United States)

    National Council of Teachers of English, 2016

    2016-01-01

    Equity can be described as the elimination of privilege, oppression, disparities, and disadvantage that historically have excluded those belonging to particular groups. This is the first and overarching of several research policy briefs around issues of equity. When taken as a whole, these briefs will create a space and open a dialogue around the…

  19. Equity perceptions and marital satisfaction in former and current marriage : A study among the remarried

    NARCIS (Netherlands)

    Buunk, BP; Mutsaers, W

    1999-01-01

    A study among 290 remarried individuals examined equity perceptions in the former and the current marriage. The results showed that equity in the former and the current marriage were not related to each other. In general, respondents perceived much more inequity in the former than in the current mar

  20. State Gender Equity Law & Athletic Participation among Community Colleges in Washington State

    Science.gov (United States)

    Hoffman, Jennifer L.; Horton, David, Jr.

    2011-01-01

    This paper presents an overview of partial tuition waivers for athletic participation among community colleges in Washington State and its implications for state and federal gender equity policy and legislation. Using a mixed-methods approach, this article presents findings from Equity in Athletics Disclosure Act data, document analysis, and…

  1. Bank equity connections, intellectual property protection and enterprise innovation – A bank ownership perspective

    Directory of Open Access Journals (Sweden)

    Xing Liu

    2016-09-01

    Full Text Available This study investigates the effects of bank equity connections and intellectual property protection on enterprises’ innovation behavior, and the regulating effect of intellectual property protection on the relationship between bank equity connections and innovation. In general, bank equity connections and intellectual property protection not only significantly increase innovation input, but also improve innovation performance. However, the efficiency of bank equity connections is influenced by the heterogeneity of enterprises and the value orientation of the subjects. Bank equity connections have a more significantly positive effect on innovation in private and central enterprises, whereas the principal-agent problem and government intervention may weaken the marginal contribution of bank equity connections to the innovation of local state-owned enterprises. Bank equity connections and intellectual property protection are complementary in promoting enterprise innovation. Not only are the combined effects of bank equity connections and intellectual property protection greater than the individual effects, but when the latter is relatively weak, the former’s positive effect on innovation is obviously weakened and may even crowd out innovation.

  2. National Gender Equity and Schooling Policy in Australia: Struggles for a Non-Identitarian Feminist Politics

    Science.gov (United States)

    Keddie, Amanda

    2009-01-01

    This paper tracks the development of gender equity and schooling policy in Australia from the "National Policy on the Education of Girls in 1987", to current policy concerns with boys' educational underperformance. The paper's key focus is on the ways in which feminist informed equity policy has been undermined by broader imperatives of economic…

  3. 17 CFR 1.21 - Care of money and equities accruing to customers.

    Science.gov (United States)

    2010-04-01

    ... § 1.21 Care of money and equities accruing to customers. All money received directly or indirectly by... 17 Commodity and Securities Exchanges 1 2010-04-01 2010-04-01 false Care of money and equities accruing to customers. 1.21 Section 1.21 Commodity and Securities Exchanges COMMODITY FUTURES...

  4. The importance of size in private equity : Evidence from a survey of limited partners

    NARCIS (Netherlands)

    Da Rin, Marco; Phalippou, L.

    Using a comprehensive survey, we show that investors with a larger capital allocation to private equity are more specialized − measured by the degree to which the investor focuses on private equity rather than other classes of investments − and have a wider scope of due diligence and investment

  5. The Future of Private Equity in Europe – The Determinants Across Countries

    Directory of Open Access Journals (Sweden)

    Mihai Precup

    2015-12-01

    Full Text Available This paper examines two aspects related to private equity investments in Europe. First, we will present the evolution of private equity investments across European countries during the last crisis. Second, the paper will analyse and identify the main determinants of the European private equity market, using an empirical panel analysis. The empirical model includes many of the determinants already tested in previous studies (GDP growth, Market Capitalization, Research and Development Expenditures, Interest rates, etc. and also new variables such as productivity and corruption index which we consider important factors in explaining the evolution of private equity investments in Europe. The present research paper follows the equilibrium model of private equity investments (Gompers and Lerner 1998, Jeng and Wells 2000, Romain and de La Potteria 2004, Félix 2007. We will use aggregated data from European private equity market during 2000–2013, as well as macroeconomic data, in order to estimate a panel data model with fixed and random effects. This paper will also run the Hausman specification test in order to compare the consistency of fixed effects models and random effects models. Our results confirm existent hypotheses regarding the importance of some determinants on the evolution of private equity investments in Europe. However, in the context of the last crisis new factors emerged as important for the private equity market in Europe such as productivity or corruption.

  6. "Don't Just Talk about It; Be about It": Doing Equity Work in Mathematics Education

    Science.gov (United States)

    Jett, Christopher C.

    2012-01-01

    During the last few decades, equity concerns have become a priority for some researchers and mathematics (education) organizations. Scholars have begun to address issues of equity through a critical lens (e.g., Boaler, 2007; Darling-Hammond, 2005; Martin, 2003) in their work and scholarship. In this article, the author seeks to add to the equity…

  7. Teacher Leaders and Equity-Centered Pedagogy: Empowerment and Development through Action Research

    Science.gov (United States)

    Jacobs, Jennifer

    2012-01-01

    This qualitative research study examined the experiences of five teacher leaders enrolled in an instructional leadership master's degree cohort who engaged in equity-focused action research. Specifically, the study focused on: "How do teacher leaders describe their development as equity-centered leaders after engaging in action…

  8. The effect of personal bankruptcy exemptions on investment in home equity

    NARCIS (Netherlands)

    Corradin, Stefano; Gropp, Reint; Huizinga, Harry; Laeven, L.A.H.

    2016-01-01

    Homestead exemptions to personal bankruptcy allow households to retain their home equity up to a limit determined at the state level. Households that may experience bankruptcy thus have an incentive to bias their portfolios toward home equity. Using US household data for the period 1996–2006, we fin

  9. Target-Driven Reforms: Education for All and the Translations of Equity and Inclusion in India

    Science.gov (United States)

    Mukhopadhyay, Rahul; Sriprakash, Arathi

    2013-01-01

    This paper critically examines the ways in which inclusion and equity are constituted through education development policies in India. Programmes implemented under global and national Education for All (EFA) policies have largely involved the quantification of "equity" whereby schooling processes are measured against broad targets for…

  10. The role of localization strategy in development of brand equity: A case study of Samsumg firm

    National Research Council Canada - National Science Library

    Babayi, Marzieh; Rahmani, Zeinolabedin

    2015-01-01

    ..., quality/price policy and product category policy on development of brand equity. The study uses two questionnaires, one for measuring bran equity, which is adopted from Buil et al. (2013) [Buil, I., de Chernatony, L., & Martínez, E. (2013...

  11. Close-Form Pricing of Benchmark Equity Default Swaps Under the CEV Assumption

    NARCIS (Netherlands)

    Campi, L.; Sbuelz, A.

    2005-01-01

    Equity Default Swaps are new equity derivatives designed as a product for credit investors.Equipped with a novel pricing result, we provide closedform values that give an analytic contribution to the viability of cross-asset trading related to credit risk.

  12. Assessing Credit with Equity : A CEV Model with Jump to Default

    NARCIS (Netherlands)

    Campi, L.; Polbennikov, S.Y.; Sbuelz, A.

    2005-01-01

    Unlike in structural and reduced-form models, we use equity as a liquid and observable primitive to analytically value corporate bonds and credit default swaps.Restrictive assumptions on the .rm.s capital structure are avoided.Default is parsimoniously represented by equity value hitting the zero ba

  13. The Cross-Section of Credit Risk Premia and Equity Returns

    DEFF Research Database (Denmark)

    Friewald, Nils; Wagner, Christian; Zechner, Josef

    that rms' equity returns and Sharpe ratios increase with estimated credit risk premia and that the returns of buying high and selling low credit risk premium rms cannot be explained by traditional risk factors. Credit risk premia contain equity-relevant information neither captured by risk-neutral nor...

  14. Pengaruh Media Sosial Instagram @Zapcoid Terhadap Brand Equity Zap Clinic

    Directory of Open Access Journals (Sweden)

    Syafira Putri Kinanti

    2017-07-01

    Full Text Available Technological development has provided to our generation an easier life in terms of connecting to each other with the blurring boundaries of time and place. According to a survey conducted by wearesocial.com in 2016, 79.0 million out of 88.1 million Internet users in Indonesia are active social media users. Therefore, there has been an increasing number of companies making use of social media to market their products, including ZAP Clinic. Along with the use of social media by ZAP Clinic, the brand equity of the company has become stronger as signified by the company being selected as TOP Brand Award 2016 for the first time. This research aims at understanding to what extent Instagram, as a social media, influences the brand equity of ZAP Clinic, through the company’s Instagram account @zapcoid. This research used quantitative method with explanatory research as its type of research. The data was collected through online questionnaires that were spread via direct messages to Instagram followers of @zapcoid that had done any treament at ZAP Clinic. Sample used in this research amount a hundred. The sampling technique was purposive, while the analysis technique was simple linear regression with the use of Statistical Package for Social Sciences (SPSS. This research demosntrates that social media (X significantly influences the equity of a brand for 0.621 or 62.1%, while the remnant 37.9% is the contribution of other variables that were not assessed. Perkembangan teknologi internet di kehidupan manusia mempermudah komunikasi tanpa batas jarak dan waktu. Menurut survei yang dilakukan oleh wearesocial.com pada tahun 2016 dari 88.1 juta pengguna internet di Indonesia 79.0 juta merupakan pengguna aktif media sosial. Oleh karena itu banyak perusahaan yang memanfaatkan media sosial sebagai alat komunikasi pemasarannya, salah satunya adalah ZAP Clinic. Seiring dengan peningkatan kualitas media sosial yang dilakukan, brand equity ZAP Clinic pun semakin

  15. Equity Development Programmes: Does Mentoring Make a Difference in Individual and Social Transformation for South African WonderWomen?

    Science.gov (United States)

    Geber, Hilary

    2010-01-01

    The equity and transformation challenge for women and black academics at universities in Post-Apartheid South Africa is enormous. Despite a marked increase in equity development programmes since the 1996 Employment Equity legislation, fewer women than expected have advanced through the academic ranks. An indigenous mentoring model for…

  16. Education Resourcing in Post-Apartheid South Africa: The Impact of Finance Equity Reforms in Public Schooling: Research Article

    Science.gov (United States)

    Motala, Shireen

    2006-01-01

    Through an analysis of recent quantitative data on equity and school funding in South Africa, this article aims to explicate the patterns and typology of inequality in post-apartheid South Africa, and to deepen our understanding of the construct of equity. It also aims to understand the application of equity in the context of public schooling…

  17. Guidelines for Promoting Gender Equity in Higher Education in Central and Eastern Europe. Papers on Higher Education.

    Science.gov (United States)

    Miroiu, Mihaela

    This book provides a practically oriented reflection on gender equity in higher education and offers insights on how to achieve such equity. Equity, rather than "equality," is the focus of the discussion, which refines the discussion of gender and higher education to go beyond traditional ideas of equal provision and the mathematical…

  18. Equity in health care financing: The case of Malaysia.

    Science.gov (United States)

    Yu, Chai Ping; Whynes, David K; Sach, Tracey H

    2008-06-09

    Equitable financing is a key objective of health care systems. Its importance is evidenced in policy documents, policy statements, the work of health economists and policy analysts. The conventional categorisations of finance sources for health care are taxation, social health insurance, private health insurance and out-of-pocket payments. There are nonetheless increasing variations in the finance sources used to fund health care. An understanding of the equity implications would help policy makers in achieving equitable financing. The primary purpose of this paper was to comprehensively assess the equity of health care financing in Malaysia, which represents a new country context for the quantitative techniques used. The paper evaluated each of the five financing sources (direct taxes, indirect taxes, contributions to Employee Provident Fund and Social Security Organization, private insurance and out-of-pocket payments) independently, and subsequently by combined the financing sources to evaluate the whole financing system. Cross-sectional analyses were performed on the Household Expenditure Survey Malaysia 1998/99, using Stata statistical software package. In order to assess inequality, progressivity of each finance sources and the whole financing system was measured by Kakwani's progressivity index. Results showed that Malaysia's predominantly tax-financed system was slightly progressive with a Kakwani's progressivity index of 0.186. The net progressive effect was produced by four progressive finance sources (in the decreasing order of direct taxes, private insurance premiums, out-of-pocket payments, contributions to EPF and SOCSO) and a regressive finance source (indirect taxes). Malaysia's two tier health system, of a heavily subsidised public sector and a user charged private sector, has produced a progressive health financing system. The case of Malaysia exemplifies that policy makers can gain an in depth understanding of the equity impact, in order to help

  19. Equity in health care financing: The case of Malaysia

    Directory of Open Access Journals (Sweden)

    Sach Tracey H

    2008-06-01

    Full Text Available Abstract Background Equitable financing is a key objective of health care systems. Its importance is evidenced in policy documents, policy statements, the work of health economists and policy analysts. The conventional categorisations of finance sources for health care are taxation, social health insurance, private health insurance and out-of-pocket payments. There are nonetheless increasing variations in the finance sources used to fund health care. An understanding of the equity implications would help policy makers in achieving equitable financing. Objective The primary purpose of this paper was to comprehensively assess the equity of health care financing in Malaysia, which represents a new country context for the quantitative techniques used. The paper evaluated each of the five financing sources (direct taxes, indirect taxes, contributions to Employee Provident Fund and Social Security Organization, private insurance and out-of-pocket payments independently, and subsequently by combined the financing sources to evaluate the whole financing system. Methods Cross-sectional analyses were performed on the Household Expenditure Survey Malaysia 1998/99, using Stata statistical software package. In order to assess inequality, progressivity of each finance sources and the whole financing system was measured by Kakwani's progressivity index. Results Results showed that Malaysia's predominantly tax-financed system was slightly progressive with a Kakwani's progressivity index of 0.186. The net progressive effect was produced by four progressive finance sources (in the decreasing order of direct taxes, private insurance premiums, out-of-pocket payments, contributions to EPF and SOCSO and a regressive finance source (indirect taxes. Conclusion Malaysia's two tier health system, of a heavily subsidised public sector and a user charged private sector, has produced a progressive health financing system. The case of Malaysia exemplifies that policy makers

  20. NEGATIVE CURRENCY-RISK-EXPOSURE FOR TURKISH EQUITIES

    Directory of Open Access Journals (Sweden)

    Salvatore J. Terregrossa

    2016-04-01

    Full Text Available Currency-risk-exposure is an issue for Turkish equities, from two different angles: internationaltrade and foreign-portfolio-investment. The likely effect is positive for the former, and negative for the latter aspect. Consequently, the overall or net effect on equity value depends on which of these aspects of currency-risk-exposure has the greater impact. The present empirical analysis estimates currency risk of Turkish equities within a multi-factor regression setting, utilizing the framework of the Security Market Plane (SMP model. The SMP model embodies a conditional relation among three variables: beta, realized excess market-return, and expected excess portfolio-return. The SMP empirical framework is extended to include a currency-risk-factor in the present analysis. The currency-risk-factor is specified as the excess return to holding foreign currency (€; $, relative to holding domestic currency (Turkish Lira. The SMP-related factor is the cross-product term of beta and realized excess market-return (β it rMt . A regression of realized excess portfolio-returns against the corresponding currency-risk-factor and cross product-term (β it rMt finds that the Turkish stocks represented in the analysis generally have overall negative currency-risk-exposure; suggesting that unexpected currency depreciation generally leads to lower values for Turkish stocks (and portfolios of Turkish stocks. Thus, after accounting for the SMP-related interaction-effect between beta and realized excess marketreturn, currency risk is found to command a premium for the Turkish stocks represented in the analysis.

  1. Measuring equity in disability and healthcare utilization in Afghanistan.

    Science.gov (United States)

    Trani, Jean-Francois; Barbou-des-Courieres, Cecile

    2012-01-01

    This paper analyses equity in health and healthcare utilization in Afghanistan based on a representative national household survey. Equitable access is a cornerstone of the Afghan health policy. We measured socioeconomic-related equity in access to public health care, using disability--because people with disabilities are poorer and more likely to use health care--and a concentration index (CI) and its decomposition. The socioeconomic-related equity in healthcare utilization was measured using a probit model and compared with an OLS model providing the horizontal inequity index (HI). We found a low rate of healthcare facilities utilization (25%). Disabled persons are using more healthcare facilities and have higher medical expenses. Disability is more frequently associated with older age, unemployed heads of household and lower education. The Cl of disability is 0.0221 indicating a pro-rich distribution of health. This pro-rich effect is higher in small households (CI decreases with size of the household, -0.0048) and safe (0.0059) areas. The CI of healthcare utilization is -0.0159 indicating a slightly pro-poor distribution of healthcare utilization but, overall, there is no difference in healthcare utilization by wealth status. Our study does not show major socioeconomic related inequity in disability and healthcare utilization in Afghanistan. This is due to the extreme and pervasive poverty found in Afghanistan. The absence of inequity in health access is explained by the uniform poverty of the population and the difficulty of accessing BPHS facilities (a basic package of health services), despite alarming health indicators.

  2. Gender equity and tobacco control: bringing masculinity into focus.

    Science.gov (United States)

    Morrow, Martha; Barraclough, Simon

    2010-03-01

    Gender is a key but often overlooked--determinant of tobacco use, especially in Asia, where sex-linked differences in prevalence rates are very large. In this article we draw upon existing data to consider the implications of these patterns for gender equity and propose approaches to redress inequity through gender-sensitive tobacco control activities. International evidence demonstrates that, in many societies, risk behaviours (including tobacco use) are practised substantially more by men and boys, and are also viewed as expressions of masculine identity. While gender equity focuses almost exclusively on the relative disadvantage of girls and women that exists in most societies, disproportionate male use of tobacco has profound negative consequences for men (as users) and for women (nonusers). Surprisingly, health promotion and tobacco control literature rarely focus on the role of gender in health risks among boys and men. However, tobacco industry marketing has masterfully incorporated gender norms, and also other important cultural values, to ensure its symbols are context-specific. By addressing gender-specific risks within the local cultural context--as countries are enjoined to do within the Framework Convention's Guiding Principles--it may be possible to accelerate the impact of mechanisms such as tobacco pricing, restrictions on marketing, smoking bans and provision of accurate information. It is essential that we construct a new research-to-policy framework for gender-sensitive tobacco control. Successful control of tobacco can only be strengthened by bringing males, and the concept of gender as social construction, back into our research and discussion on health and gender equity.

  3. The impacts of individualization on equity educational policies

    Directory of Open Access Journals (Sweden)

    Guadalupe Francia

    2013-01-01

    Full Text Available The present article has as its aim to illustrate and discuss the impacts of individualization strategies on equity educational policies through the analysis of individualized teaching strategies applied within the framework of educational priority policies in Sweden. The methodology used in our research work includes: (a the study of research literature about the individualization of teaching implemented in the Swedish comprehensive compulsory school; and (b the study of research literature about educational priority policies aimed at children from socially and ethnically segregated areas. Comparative research of educational policies considers the individualization of teaching carried out in the Swedish comprehensive compulsory school as a relevant explanation for the successful application of equitable educational policies in that country. However, research studies published during the 2000s in Sweden show a more complex perspective regarding the effects of individualized teaching strategies. This contribution reviews European comparative research studies on individualization strategies followed in the context of equity policies. It raises questions about the lack of analyses referring to the impacts of individualization on schools located in socially and ethnically segregated areas. It argues that this ideology tends to reduce the issue of school failure to ethnic segregation and individualized teacher support. This article claims that Individualization strategies based on differentiated curricula for students run the risk of increasing the discrimination of students for reasons of language or ethnic background. Even though the present study focuses on the Swedish experience, it can lead to a better understanding of the impacts caused by individualization strategies on equity in other European countries.

  4. Measurement of health equity as a driver for impacting policies.

    Science.gov (United States)

    Rashad, Hoda; Khadr, Zeinab

    2014-06-01

    This paper proposes measurement tracks of health equity (HE) and presents practical illustrations to influence, inform and guide the uptake of equity-sensitive policies. It discusses the basic requirements that allow the effective use of the proposed measurement tracks. Egypt is used as a demonstration of this practice. The paper differentiates between the policy needs of two groups of countries. The first set of measurement tracks are specifically tailored to countries at the early stages of considering health equity, requiring support in placing HE on the policy agenda. Key messages for this group of countries are that the policy influence of measurement can be strengthened through the implementation of four self-reinforcing tracks that recognize the need to effectively use the available current databases prior to engaging in new data collection, emphasize the importance of a social justice reframing of the documented health inequities, present health inequity facts in simple visual messages and move beyond the why to what needs to be done and how. The tracks also recognizes that placing an issue on the policy agenda is a complex matter requiring reinforcement from many actors and navigation among competing forces and policy circles. For the second group of countries the paper discusses the monitoring framework. The key messages include the importance of moving toward a more comprehensive system that sustains the monitoring system which is embedded within affective participatory accountability mechanisms. The paper discusses the basic requirements and the institutional, financial, technical and human capacity-building considerations for implementing the proposed measurement tracks.

  5. Health workforce equity in urban community health service of China.

    Science.gov (United States)

    Chen, Rui; Zhao, Yali; Du, Juan; Wu, Tao; Huang, Yafang; Guo, Aimin

    2014-01-01

    To reveal the equity of health workforce distribution in urban community health service (CHS), and to provide evidence for further development of community health service in China. A community-based, cross-sectional study was conducted in China from September to December 2011. In the study, 190 CHS centers were selected from 10 provinces of China via stratified multistage cluster sampling. Human resources profiles and basic characteristics of each CHS centers were collected. Lorenz curves and Gini Coefficient were used to measure the inequality in the distribution of health workforce in community health service centers by population size and geographical area. Wilcoxon rank test for paired samples was used to analyze the differences in equity between different health indicators. On average, there were 7.37 health workers, including 3.25 doctors and 2.32 nurses per 10,000 population ratio. Significant differences were found in all indicators across the samples, while Beijing, Shandong and Zhejiang ranked the highest among these provinces. The Gini coefficients for health workers, doctors and nurses per 10,000 population ratio were 0.39, 0.44, and 0.48, respectively. The equity of doctors per 10,000 population ratio (G = 0.39) was better than that of doctors per square kilometer (G = 0.44) (P = 0.005). Among the total 6,573 health workers, 1,755(26.7%) had undergraduate degree or above, 2,722(41.4%)had junior college degree and 215(3.3%) had high school education. Significant inequity was found in the distribution of workers with undergraduate degree or above (G = 0.52), which was worse than that of health works per 10000 population (Purban CHS centers.

  6. Equity in health care financing: The case of Malaysia

    Science.gov (United States)

    Yu, Chai Ping; Whynes, David K; Sach, Tracey H

    2008-01-01

    Background Equitable financing is a key objective of health care systems. Its importance is evidenced in policy documents, policy statements, the work of health economists and policy analysts. The conventional categorisations of finance sources for health care are taxation, social health insurance, private health insurance and out-of-pocket payments. There are nonetheless increasing variations in the finance sources used to fund health care. An understanding of the equity implications would help policy makers in achieving equitable financing. Objective The primary purpose of this paper was to comprehensively assess the equity of health care financing in Malaysia, which represents a new country context for the quantitative techniques used. The paper evaluated each of the five financing sources (direct taxes, indirect taxes, contributions to Employee Provident Fund and Social Security Organization, private insurance and out-of-pocket payments) independently, and subsequently by combined the financing sources to evaluate the whole financing system. Methods Cross-sectional analyses were performed on the Household Expenditure Survey Malaysia 1998/99, using Stata statistical software package. In order to assess inequality, progressivity of each finance sources and the whole financing system was measured by Kakwani's progressivity index. Results Results showed that Malaysia's predominantly tax-financed system was slightly progressive with a Kakwani's progressivity index of 0.186. The net progressive effect was produced by four progressive finance sources (in the decreasing order of direct taxes, private insurance premiums, out-of-pocket payments, contributions to EPF and SOCSO) and a regressive finance source (indirect taxes). Conclusion Malaysia's two tier health system, of a heavily subsidised public sector and a user charged private sector, has produced a progressive health financing system. The case of Malaysia exemplifies that policy makers can gain an in depth

  7. Teaching About Racial Equity in Introductory Physics Courses

    Science.gov (United States)

    Daane, Abigail R.; Decker, Sierra R.; Sawtelle, Vashti

    2017-09-01

    Even after you have decided to tackle a problem like racial equity, it may seem daunting to broach the subject in a physics classroom. After all, the idea of a (typically White) instructor in power tackling a sensitive topic such as social justice can be scary in any (mostly White) classroom. Not only that, but physics is typically viewed as a "culture with no culture." The physicist's quest for objectivity, along with a general focus on a fixed set of laws and formulae, support the treatment of this subject as untouched by people. Sometimes it is easier to ignore the problem and just focus on the Conservation of Energy Principle. However, ignoring the striking underrepresentation of ethnic/racial minorities and women in both the physics classroom and the field at large is a great disservice to all our students. We take the position that the persistence of representation disparities in physics is evidence that culture plays a role in who and what is involved in physics. Instructors have an opportunity to explicitly address the absence of equitable circumstances in classrooms and highlight the obstacles that contribute to the disparity (e.g., varied access to learning opportunities and support structures, dominant cultural norms, stereotype threat, implicit bias, hidden curricula, etc.). We acknowledge that incorporating these discussions in a physics classroom is fraught with difficulty, but we also believe that trying to lead these discussions is better than ignoring the problem. Furthermore, a set of resources for teachers interested in leading these discussions has been developing in the physics teacher community. Rifkin offers resources for leading a two-week unit on equity designed for secondary science classrooms. Here we describe another possible pathway for integrating a shorter equity unit into the traditional content of a (predominantly White) university physics classroom, addressing racial inequity and sharing common student responses that may arise.

  8. Equity and the social determinants of health in European cities.

    Science.gov (United States)

    Ritsatakis, Anna

    2013-10-01

    Equity in health has been the underlying value of the World Health Organization's (WHO) Health for All policy for 30 years. This article examines how cities have translated this principle into action. Using information designed to help evaluate phase IV (2003-2008) of the WHO European Healthy Cities Network (WHO-EHCN) plus documentation from city programs and websites, an attempt is made to assess how far the concept of equity in health is understood, the political will to tackle the issue, and types of action taken. Results show that although cities continue to focus considerable support on vulnerable groups, rather than the full social gradient, most are now making the necessary shift towards more upstream policies to tackle determinants of health such as poverty, unemployment, education, housing, and the environment, without neglecting access to care. Although local level data reflecting inequalities in health is improving, there is still a long way to go in some cities. The Healthy Cities Project is becoming an integral part of structures for long-term planning and intersectoral action for health in cities, and Health Impact Assessment is gradually being developed. Participation in the WHO-EHCN appears to allow new members to leap-frog ahead established cities. However, this evaluation also exposes barriers to effective local policies and processes to reduce health inequalities. Armed with locally generated evidence of critical success factors, the WHO-EHCN has embarked on a more rigorous and determined effort to achieve the prerequisites for equity in health. More attention will be given to evaluating the effectiveness of action taken and to dealing not only with the most vulnerable but a greater part of the gradient in socioeconomic health inequalities.

  9. How brand personality, brand identification and service quality influence service brand equity

    Directory of Open Access Journals (Sweden)

    Sandra Maria Correia Loureiro

    2014-12-01

    Full Text Available During the past couple of decades, brand equity has emerged as one of the key concepts in marketing. Literature concerned with consumer brand relationship is calling for more studies in order to increase understanding of brand equity dimensions. Therefore, this study aims to contribute to the existing body of knowledge by examining the strength of relational variables on brand equity perceived by consumers. Findings support the proposed model in the service industry revealing that brand loyalty, brand identification, trust, brand personality and brand awareness are the variables that have a greatest impact on brand equity. Thus, this study is the first to measure the strength of assorted relational variables, and variables related with identification and personality on brand equity for brands in the service industry. In this vein, brand managers should be aware of the importance of building a brand regarding the way they communicate the features of the brand.

  10. The Impact of Brand Personality on Product Sale through Brand Equity (Case Study: Cosmetic Products Retailers

    Directory of Open Access Journals (Sweden)

    Hossein Rezaei Dolatabadi

    2012-11-01

    Full Text Available In recent years, understanding the reasons of brand personality attraction for consumers, the determination of its effect on consumer behavior and brand equity has been an area of interest to researchers of consumer behavior. Certainly, this concept can be important for sellers of product that are on the other side of the purchase & sale equation and the results can be effective in promoting their brands. In order to reach this purpose, this study has analyzed the influence of brand personality on sale product through brand equity concept, from view point of retailer cosmetic product in Iran. The findings of this research imply that brand personality influence on brand equity and product sale and the dimensions of brand equity show a mediator role between brand personality and product sale. Furthermore, the results indicate excitement and sincerity as the two dominant dimensions of L'Oreal's personality and show indirect impact of brand personality on brand equity and sale product dimensions.

  11. Equity and the Global Policy on Climate Change: A Law and Economic Perspective

    Directory of Open Access Journals (Sweden)

    Andri Gunawan Wibisana

    2012-09-01

    Full Text Available The opponents of the global commitment to reduce greenhouse gases (GHGs emissions seem to have shifted their arguments from the one emphasising on the issue of uncertainty to the one focusing on the economic burdens disproportionately placed on the current generation in general, and some developed countries in particular. Inevitably, the issue of equity becomes of highly importance in the recent climate policy debates. This paper attempts to analyze the implementation of equity principles, i.e. intergenerational and intragenerational equity, in the global climate policy. In doing so, it will first briefly outline some prominent economic appraisals on the impacts of climate change. Afterwards, some proposals to incorporate equity into the economic appraisals will be analyzed. Emphasizing on the concepts of equity, this paper will finally offer some recommendations for post-Kyoto negotiations.

  12. Financial development and the cost of equity capital:Evidence from China

    Institute of Scientific and Technical Information of China (English)

    Jeong-Bon; Kim; Mary; L.Z.Ma; Haiping; Wang

    2015-01-01

    This study examines the relation between province-level financial development and the cost of equity in China.Our main findings are that(1)stock market development reduces the cost of equity in general,but the effect diminishes significantly in state-owned enterprises(SOEs)and firms with high growth potential or innovation intensity and(2)banking development only marginally lowers the cost of equity,but the effect is stronger in non-SOEs.Further analysis reveals that stock market development substitutes for such institutional factors as accounting quality,law enforcement,stock market integration and the split-share structure reform in lowering the cost of equity.We also find that lack of banking competition and banking marketization and under-development of the non-state economy partially account for the weak effect of banking development on the cost of equity.

  13. Introducing environmental equity dimensions into the sustainable transport discourse: issues and pitfalls

    Energy Technology Data Exchange (ETDEWEB)

    Feitelson, Eran [Hebrew Univ., Dept. of Geography, Jerusalem (Israel)

    2002-07-01

    Environmental equity considerations should be an essential ingredient of any sustainable transport strategy. Yet, it is unclear how environmental equity considerations can be incorporated into the sustainable transport discourse in a meaningful manner. The paper explores the multiple facets of the meaning of environmental equity in the case of transport. Then, the issues that need to be addressed in any analysis of each facet are delineated. On this basis it is suggested that the conventional environmental equity analysis, whereby the affected areas are compared to unaffected areas, is unlikely to render robust or meaningful results. Rather, the focus of research should be on the equity implications of policies geared to mitigate transport systems' environmental externalities of these systems. The results of such studies could provide direct inputs into comprehensive balanced policy packages within a sustainable transport strategy. (Author)

  14. Equity in transportation: new approach in transport planning – preliminary results of case study in Cracow

    Directory of Open Access Journals (Sweden)

    Lidia ZAKOWSKA

    2014-09-01

    Full Text Available The goal of the paper is to present the concept of equity as a new approach in transport and land-use planning. This concept is consistent with the objectives of sustainable development and it is becoming more common in European and world literature. Understanding the idea of equity in the context of the transport system development is very important in creating sustainable cities and regions without discriminating any social groups and creating a cohesive society not exposed to social exclusion due to lack of access to primary and secondary activities. The paper presents some results of the preliminary analysis on transport equity in Cracow. The basic equity level which has been considered here concerns senior citizens, older people living in Cracow area, in terms of their accessibility to transport infrastructure. Taking into account living conditions of elderly pedestrians, contour measures were used, in order to determine accessibility as equity indicator.

  15. Marketing of Transnational Maize Seed Enterprises from the Perspective of Customer Equity

    Institute of Scientific and Technical Information of China (English)

    Xiaojuan HU; Yucheng HE; Wenna DING

    2016-01-01

    Customer is important equity of an enterprise. Customer equity is the total combined customer lifetime values of all of the company’s customers. In the context of invasion of transnational seed companies,how to cope with huge crisis and challenge is a problem to be solved by national companies and government. From the perspective of customer equity driving factors and sub-driving factors,this paper made an empirical study on transnational and national maize seed enterprises using principal component analysis( PCA). Results indicated that the driving factors for customer equity of national and transnational maize seed enterprises are basically similar,while there are large differences in ranking of importance of principal components. Besides,there are great differences in sub-driving factors of customer equity.

  16. A literary analysis of global female identity, health, and equity.

    Science.gov (United States)

    Hagan, Teresa L; Cohen, Susan M

    2014-01-01

    Females' experiences of identity, health, and equity share similar features around the world. This literary analysis describes the narratives of 4 female protagonists from popular fiction novels to identify similarities between their personal and contextualized experiences. The impact these private realities and public structures have on female health will be used to demonstrate the universal ecological threats to women's health. In conclusion, we offer suggestions on how to incorporate the shared female movement from domination and separation toward liberation and connection into modern health care practices that emphasize shared decision making, open communication, and social activism.

  17. Advancing health equity in healthy cities: Framing matters.

    Science.gov (United States)

    Spiegel, Jerry M; Breilh, Jaime

    2017-02-27

    To improve the governance needed to create Healthy Cities, it is essential that policy processes directly engage marginalized populations and address the forces that affect health equity. Framings such as that provided by the Latin American collective health/social medicine/critical epidemiology orientation to critical processes of social determination of health enables a move beyond a reductionist focus to challenge the drivers that undermine health, and are consistent with policy directives such as the Shanghai Declaration on promoting health in the 2030 Agenda for Sustainable Development.

  18. ACCESS AND EQUITY: Challenges for Open and Distance Learning

    Directory of Open Access Journals (Sweden)

    TOJDE

    2008-04-01

    Full Text Available "The emergence of the system of open and distance education is an inevitable and phenomenal evolution in the history of educational developments internationally. While the formal system of education continues to be the mainstream of educational transaction, it has its inherent limitations with regard to expansion, provision of access and equity and cost-effectiveness. On the other hand, the growth of information and communication technologies has facilitated the expansion of distance mode of education. It is now possible to adopt flexible, constructivist, learner-friendly and multi-perspective approaches to teaching-learning, so essential for nurturing creativity, leadership, scholarship and integrated development of human personality.

  19. An equity investigation of attitudinal shifts in introductory physics

    CERN Document Server

    Traxler, Adrienne L

    2014-01-01

    We report on seven years of attitudinal data using the Colorado Learning Attitudes about Science Survey from University Modeling Instruction (UMI) sections of introductory physics at Florida International University. This work expands upon previous studies that reported consistently positive attitude shifts in UMI courses; here, we disaggregate the data by gender and ethnicity to look for any disparities in the pattern of favorable shifts. We find that women and students from statistically underrepresented ethnic groups are equally supported on this attitudinal measure, and that this result holds even when interaction effects of gender and ethnicity are included. We conclude with suggestions for future work in UMI courses and for attitudinal equity investigations generally.

  20. The Malawi National Tuberculosis Programme: an equity analysis

    Directory of Open Access Journals (Sweden)

    Chimzizi Rhehab

    2007-12-01

    Full Text Available Abstract Background Until 2005, the Malawi National Tuberculosis Control Programme had been implemented as a vertical programme. Working within the Sector Wide Approach (SWAp provides a new environment and new opportunities for monitoring the equity performance of the programme. This paper synthesizes what is known on equity and TB in Malawi and highlights areas for further action and advocacy. Methods A synthesis of a wide range of published and unpublished reports and studies using a variety of methodological approaches was undertaken and complemented by additional analysis of routine data on access to TB services. The analysis and recommendations were developed, through consultation with key stakeholders in Malawi and a review of the international literature. Results The lack of a prevalence survey severely limits the epidemiological knowledge base on TB and vulnerability. TB cases have increased rapidly from 5,334 in 1985 to 28,000 in 2006. This increase has been attributed to HIV/AIDS; 77% of TB patients are HIV positive. The age/gender breakdown of TB notification cases mirrors the HIV epidemic with higher rates amongst younger women and older men. The WHO estimates that only 48% of TB cases are detected in Malawi. The complexity of TB diagnosis requires repeated visits, long queues, and delays in sending results. This reduces poor women and men's ability to access and adhere to services. The costs of seeking TB care are high for poor women and men – up to 240% of monthly income as compared to 126% of monthly income for the non-poor. The TB Control Programme has attempted to increase access to TB services for vulnerable groups through community outreach activities, decentralising DOT and linking with HIV services. Conclusion The Programme of Work which is being delivered through the SWAp is a good opportunity to enhance equity and pro-poor health services. The major challenge is to increase case detection, especially amongst the poor

  1. Using connectivity for measuring equity in transit provision

    DEFF Research Database (Denmark)

    Kaplan, Sigal; Popoks, Dmitrijs; Prato, Carlo Giacomo

    2014-01-01

    . In addition, transit connectivity weighs the impedance components according to their relative importance to travelers. The assessment of equity was performed for the multi-modal transit system in the Greater Copenhagen Area, renowned for its transit-oriented finger-plan. The assessment method used a GIS...... representation of the network (i.e., service lines, timetables, metro stations, train stations, and bus stops), and transit assignment results (i.e., level-of-service times, passenger flows). The assessment method proved effective in calculating location-based and potential-accessibility measures and Gini...

  2. Anthropologists address health equity: recognizing barriers to care

    Science.gov (United States)

    2015-01-01

    Systems change is necessary for improving health care in the United States, especially for populations suffering from health disparities. Theoretical and methodological contributions of anthropology to health care design and delivery can inform systems change by providing a window into provider and patient perceptions and practices. Our community-engaged research teams conduct in-depth investigations of provider perceptions of patients, often uncovering gaps between patient and provider perceptions resulting in the degradation of health equity. We present examples of projects where collaborations between anthropologists and health professionals resulted in actionable data on functioning and malfunctioning systemic momentum toward efforts to eliminate disparities and support wellness. PMID:27158189

  3. Analysis of the private equity performance in Brazil

    OpenAIRE

    Soares, Ricardo Jorge Vitorino

    2011-01-01

    Mestrado em Finanças The goal of this paper is to evaluate the performance of private equity activity in Brazil, taking into account the difficult times that the worldwide activity is being through. Considering that Brazil is currently one of the major emerging economies in the world (Enert&Young, 2011) and the fact of private equity‘s activity in this country registered a positive evolution, this study allowed to evaluate not only the evolution of the funds that are implemented in the ...

  4. Let's Do It Again: Bagging Equity Premium Predictors

    DEFF Research Database (Denmark)

    Hillebrand, Eric Tobias; Lee, Tae-Hwy; Medeiros, Marcelo C.

    of the regression coefficient and positivity of the forecast. Bagging constrained estimators can have smaller asymptotic mean-squared prediction errors than forecasts from a restricted model without bagging. Monte Carlo simulations show that forecast gains can be achieved in realistic sample sizes for the stock...... return problem. In an empirical application using the data set of Campbell, J., and S. Thompson (2008): “Predicting the Equity Premium Out of Sample: Can Anything Beat the Historical Average?”, Review of Financial Studies 21, 1511-1531, we show that we can improve the forecast performance further...

  5. Health workforce equity in urban community health service of China.

    Directory of Open Access Journals (Sweden)

    Rui Chen

    Full Text Available OBJECTIVES: To reveal the equity of health workforce distribution in urban community health service (CHS, and to provide evidence for further development of community health service in China. METHODS: A community-based, cross-sectional study was conducted in China from September to December 2011. In the study, 190 CHS centers were selected from 10 provinces of China via stratified multistage cluster sampling. Human resources profiles and basic characteristics of each CHS centers were collected. Lorenz curves and Gini Coefficient were used to measure the inequality in the distribution of health workforce in community health service centers by population size and geographical area. Wilcoxon rank test for paired samples was used to analyze the differences in equity between different health indicators. RESULTS: On average, there were 7.37 health workers, including 3.25 doctors and 2.32 nurses per 10,000 population ratio. Significant differences were found in all indicators across the samples, while Beijing, Shandong and Zhejiang ranked the highest among these provinces. The Gini coefficients for health workers, doctors and nurses per 10,000 population ratio were 0.39, 0.44, and 0.48, respectively. The equity of doctors per 10,000 population ratio (G = 0.39 was better than that of doctors per square kilometer (G = 0.44 (P = 0.005. Among the total 6,573 health workers, 1,755(26.7% had undergraduate degree or above, 2,722(41.4%had junior college degree and 215(3.3% had high school education. Significant inequity was found in the distribution of workers with undergraduate degree or above (G = 0.52, which was worse than that of health works per 10000 population (P<0.001. CONCLUSIONS: Health workforce inequity was found in this study, especially in quality and geographic distribution. These findings suggest a need for more innovative policies to improve health equity in Chinese urban CHS centers.

  6. Prevention, communication and equity in environmental epidemiology: ethical issues

    Directory of Open Access Journals (Sweden)

    Giordana Pagliarani

    2011-01-01

    Full Text Available In environmental epidemiology research, decisions about when and how to intervene requires adequate ethical reflection. In fact, different kinds of issues may arise about: research methods and knowledge production; management of the results in terms of their overall assessments or for the implementation of preventive actions; reclamation intervention. In this contribution we propose to consider three topics we regard as crucial to this ethical debate: the reporting of conclusive research data; the correct application of the precautionary principle; and the environmental equity issues.

  7. Using connectivity for measuring equity in transit provision

    DEFF Research Database (Denmark)

    Kaplan, Sigal; Popoks, Dmitrijs; Prato, Carlo Giacomo

    2014-01-01

    This study proposes the assessment of equity in transit provision by using transit connectivity as a comprehensive impedance measure. Transit connectivity considers in-vehicle time, access/egress times, waiting time, service reliability, frequency, and ‘seamless’ transfers along multi-modal paths...... connectivity provision for students to higher-education and job opportunities. Also, results show that the north-west ‘finger’ is less equitable with lower connectivity for low population density and lower connectivity to higher-education opportunities regardless of the high number of students....

  8. The Public Market Equivalent and Private Equity Performance

    DEFF Research Database (Denmark)

    Sørensen, Morten; Jagannathan, Ravi

    2015-01-01

    betas due to changes in financial leverage, operating leverage, or the nature of the business are automatically taken into account; (2) the public market index used in evaluations should be the one that best approximates the wealth portfolio of the investor considering the PE investment opportunity.......The authors show that the public market equivalent approach is equivalent to assessing the performance of private equity (PE) investments using Rubinstein’s dynamic version of the CAPM. They developed two insights: (1) one need not compute betas of PE investments, and any changes in PE cash flow...

  9. The equity premium puzzle and emotional asset pricing

    OpenAIRE

    Gürtler, Marc; Hartmann, Nora

    2004-01-01

    "Since the equity premium as well as the risk-free rate puzzle question the concepts central to financial and economic modeling, we apply behavioral decision theory to asset pricing in view of solving these puzzles. U.S. stock market data for the period 1960-2003 and German stock market data for the period 1977-2003 show that emotional investors who act in accordance to Bell's (1985) disappointment theory -a special case of prospect theory- and additionally administer mental accounts demand a...

  10. Designing realized kernels to measure the ex post variation of equity prices in the presence of noise

    DEFF Research Database (Denmark)

    Barndorff-Nielsen, Ole Eiler; Hansen, P.R.; Lunde, Asger

    2008-01-01

    This paper shows how to use realized kernels to carry out efficient feasible inference on the ex post variation of underlying equity prices in the presence of simple models of market frictions. The weights can be chosen to achieve the best possible rate of convergence and to have an asymptotic...... variance which equals that of the maximum likelihood estimator in the parametric version of this problem. Realized kernels can also be selected to (i) be analyzed using endogenously spaced data such as that in data bases on transactions, (ii) allow for market frictions which are endogenous, and (iii......) allow for temporally dependent noise. The finite sample performance of our estimators is studied using simulation, while empirical work illustrates their use in practice....

  11. An empirical survey on perceived value from tourism destination based on brand equity model: A case study of Qeshm Island

    Directory of Open Access Journals (Sweden)

    Vahid Qaemi

    2012-10-01

    Full Text Available Tourism destination brand equity is defined as all assets (or debts of brands provided with name and symbol of tourism destination to make changes in value services of experiences. In many cases, brand equity is more than physical assets. This survey performs an investigation to identify effective factors in tourism destination equity, cause and affects relationships, and proposes a model for perceived value of tourism destination. The proposed study is performed in one of free islands named Gheshm. The preliminary results indicate that there is a positive relationship between tourism destination brand awareness and destination brand equity, tourism destination brand image, destination brand equity and tourism destination brand loyalty.

  12. Between Equity and Empathy: Social Professions and the New Accountability

    Directory of Open Access Journals (Sweden)

    2007-05-01

    Full Text Available This article explores the practical and ethical implications of the ‘new accountability’ (working to procedures, targets and standards based on interviews with British social professionals. Although similar tendencies are present in other European countries, in Britain the rule-bound nature of social work is more intense. Practitioners who regard the ‘new accountability’ positively justify their views with reference to utilitarian and rights-based arguments relating to the promotion of good outcomes, the achievement of equity, respecting the consumer rights of service users and the rights of other stakeholders to information and value for money. Those practitioners who view the new accountability requirements negatively seem to speak in a different ‘moral voice’, which can be linked to more personal and situated approaches to ethics, stressing the importance of particular relationships in context, trust, sensitivity and a sense of ‘vocation’. Both ‘voices’ are part of professional practice, but the new accountability stresses the former at the expense of the latter. For social work to play the critical role identified by Walter Lorenz, maintaining a creative balance between equity and empathy will be important.

  13. Energy efficiency and social equity in South Africa: seeking convergence

    Energy Technology Data Exchange (ETDEWEB)

    Van Horen, C.; Simmonds, G. [University of Cape Town, Rondebosch (South Africa). Energy and Development Research Centre

    1998-09-01

    A key challenge facing post-apartheid South Africa is to achieve a balance between equity and efficiency goals. On the one hand, the democratic government wishes to improve the quality of life of the majority of the population, whilst on the other, the country needs an efficient and internationally competitive economy. At the more specific level of household energy policy, this efficiency-equity linkage represents a key challenge for policy-making and implementation: it is essential that convergence is sought between household energy strategies aimed at improving energy efficiency, and those strategies which improve the living conditions of the poor. This paper begins by reviewing developments in South Africa`s household energy sector in the early-1990s, most notably the national electrification plan which was launched in 1991. A second development, in 1994, was the establishment of the National Electricity Regulator. Despite the attention given to energy efficiency in the government`s new energy policy, energy efficiency considerations have not yet emerged as a major force in the energy sector. Electricity prices underestimated the environmental and other impacts of coal and nuclear-generated electricity. A range of economic and institutional reasons for this are identified and considered. Finally, two interventions on which some progress has been made, are described: these include insulation and thermal performance projects in new lost-cost houses, and a compact fluorescent lighting programme. 37 refs., 4 figs.

  14. [Equity and geographic distribution of financial resources in health systems].

    Science.gov (United States)

    Porto, Silvia Marta

    2002-01-01

    This study focuses on equity in health and specifically the geographic distribution of financial resources. The author reviews the main contemporary theories of social justice and discusses the concept of equity in general and specifically in the health field. Based on the discussion of selected international experiences (United Kingdom, Spain, and Italy), the Resource Allocation Working Party (RAWP) formula used in the United Kingdom is identified as the most adequate distributive methodology, sizing the relative needs based on the population's demographic and epidemiological profiles. Finally, the results are presented from a simulation performed for the Brazilian case, showing that a more equitable geographic distribution of financial resources would require a redistribution favoring the States of the North and Northeast. The article concludes by highlighting that a comparison of actual fund outlays by the Ministry of Health in 1994 and the results of the simulation with the RAWP methodology for the Brazilian case show that the principles written into Brazilian legislation were absent from the geographic distribution of financial resources.

  15. Determinants of Success in Private Equity-Venture Capital Investments

    Directory of Open Access Journals (Sweden)

    Antonio Gledson de Carvalho

    2011-06-01

    Full Text Available This paper investigates the determinants of performance of the investments of private equity and venture capital (PEVC funds in Brazil. We use two unique databases: the First Brazilian Private Equity and Venture Capital Census and the Guia-GVcepe Endeavor, with information on this industry for the period 1999 to 2007. As measures of performance we use the percentage and number of exits through IPO, acquisition by a company or by another investor. Our results indicate that the factors influencing the performance of investments are: size of the fund, number of investments, the practice of co-investment, experience and foreign origin of the managing organization, focus on late stage, intensity of contact between managers and portfolio companies and the number of seats on the boards of the invested companies. The number of successes grows with the number of investments at a declining rate. This can indicate 1 a limit to the ability of managers or 2 that a large number of investments allows for greater diversification of risk, directing investments to companies of high risk but with a high upside.

  16. The Role of Courts in Shaping Health Equity.

    Science.gov (United States)

    Hall, Mark A

    2017-10-01

    United States' courts have played a limited, yet key, role in shaping health equity in three areas of law: racial discrimination, disability discrimination, and constitutional rights. Executive and administrative action has been much more instrumental than judicial decisions in advancing racial equality in health care. Courts have been reluctant to intervene on racial justice because overt discrimination has largely disappeared, and the Supreme Court has interpreted civil rights laws in a fashion that restricts judicial authority to address more subtle or diffused forms of disparate impact. In contrast, courts have been more active in limiting disability discrimination by expanding the conditions that are considered disabling and by articulating and applying the operative concepts "reasonable accommodation" and "other qualified" in the context of both treatment and insurance coverage decisions. Finally, regarding constitutional rights, courts have had limited opportunity to intervene because, outside of specially protected arenas such as reproduction, constitutional law gives government wide discretion to define health and safety goals and methods. Thus, courts have had only a limited role in shaping health equity in the United States. It remains to be seen whether this will change under the Affordable Care Act or whatever health reform measure might replace it. Copyright © 2017 by Duke University Press.

  17. Equity Mutual Fund: Performances, Persistence and Fund Rankings

    Directory of Open Access Journals (Sweden)

    Amporn SOONGSWANG

    2011-10-01

    Full Text Available This study focuses on open-ended equity mutual funds in Thailand. The funds’ performances were examined whether the returns significantly and persistently out-perform the market; whether the use of different measures leads funds with similar rankings. The analyses use various metrics: the traditional fund performance evaluation measures and Data Envelopment Analysis (DEA technique; Pearson’s correlation coefficients, and cover six different investment horizons. The results suggest that open-ended equity mutual funds analyzed in this study significantly out-perform the market, and the funds’ positive performance sustains for 3-month time-period of investment, at least. The top five funds managed by the Aberdeen, Bangkok Bank and Siam Commercial Bank Asset Management Companies out-perform the bottom five funds between 0.1912 and 1.3187 for six time-periods of investment from 1-month to 5-year. Finally, it is concluded that for individual investors, the results provided by this study can be guidelines for selecting mutual funds for investment.

  18. Prominent Determinants of Consumer-Based Brand Equity

    Directory of Open Access Journals (Sweden)

    Elisa Battistoni

    2013-08-01

    Full Text Available In this paper we investigate the most prominent drivers of brand equity, from a consumerbased point of view. We present a new approach for measuring brand equity, which can be applied regardless of the brand sector and is based on the Analytic Hierarchy Process. This approach has the main advantage of allowing for comparisons to be made between non‐directly measurable elements and also has the advantage of enabling the ranking of intangible criteria, such as consumers’ feelings or purchase intentions. We focus on the fashion industry, since we believe in the higher value of our approach when applied to brands which offer products with less tangible characteristics. Thanks to a case study – which involved about 250 interviewees – we succeed in finding and prioritizing the elements which can have an impact on the brand value. We also provide a global ranking for three apparel brands: Gap, H&M and Zara. The results from our model are consistent with other popular ratings and can be extremely useful for brand managers.

  19. GENERAL ISSUES CONSIDERING BRAND EQUITY WITHIN THE NATION BRANDING PROCESS

    Directory of Open Access Journals (Sweden)

    Denisa, COTÎRLEA

    2014-11-01

    Full Text Available The present work-paper was written in order to provide an overview of the intangible values that actively contribute to brand capital formation within the nation branding process; through this article, the author tried to emphasize the differences existent between brand capital and brand equity within the context of the nation branding process, which has became a widely approached subject both in the national and international literature. Also, the evolution of brand capital and brand equity was approached, in order to identify and explain their components and their role, by highlighting the entire process of their evolution under a sequence of steps scheme. The results of this paper are focused on the identification of a structured flowchart through which the process of nation branding -and the brand capital itself- are to be perceived as holistic concepts, integrator and inter-correlated ones, easily understood.The methodology used in order to write the present article resumes to all appropriate methods and techniques used for collecting and processing empirical data and information, respectively to observing, sorting, correlating, categorizing, comparing and analyzing data, so that the addressed theoretical elements could have been founded; in the center of the qualitative thematic research addressed in the present article lie general elements belonging to Romania's image and identity promotion.

  20. COMPARITIVE STUDY OF SELECTED EQUITY - DIVERSIFIED MUTUAL FUND SCHEMES

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    Deepika Sharma

    2011-05-01

    Full Text Available With the plethora of schemes available in the Indian markets, aninvestors needs to evaluate and consider various factors beforemaking an investment decision. The present investigation is aimedto examine the performance of safest investment instrument in thesecurity market in the eyes of investors i.e., mutual funds byspecially focusing on equity-diversified schemes. Eight mutual fundschemes have been selected for this purpose. The examination isachieved by assessing various financial tests like Sharpe Ratio,Standard Deviation, Alpha, Beta (b and Coefficient ofDetermination (R2. Furthermore, in-depth analysis also has beendone by considering return over the period of last five years onvarious basis, expenses ratio, corpus-size etc. the data has beentaken from various websites of mutual fund schemes and from www.amfiindia.com. Calculated results are in the favor of RelianceRegular Savings Equity in terms of returns over the last five yearsand Birla Sun Life Dividend Yield Plus in terms of maximum returns by taking minimum risks. The study will be helpful for the researchers and financial analysts to analyze various securities orfunds while selecting the best investment alternative out of thegalaxy of investment alternatives.