The Experts below are selected from a list of 26394 Experts worldwide ranked by ideXlab platform

Eric C Chang - One of the best experts on this subject based on the ideXlab platform.

Endurance Okosun - One of the best experts on this subject based on the ideXlab platform.

  • Market Condition and Regional Development Planning in Ekiti-State, South Western Nigeria
    Journal of Marketing and Consumer Research, 2020
    Co-Authors: Endurance Okosun
    Abstract:

    A Market is a geographical space that facilitates trade and enable the distribution and allocation of resources in a society, whereby parties engage in exchange of goods and services which promotes production, distribution and consumption activities and i mprove the welfare and social life of the people. The purpose of this study is to assess the types and Condition of the Market facilities in Ikere, Ise/Orun and Emure region of Ekiti state, South Western Nigeria with a view to enhancing the economic development of the study area. This study adopted the survey research method, and used three different questionnaires to collect research data from the Local Government authorities, Market authorities and the Market traders in the study area. The findings among others revealed that the facilities provided for the Market traders are grossly inadequate and the existing Market facilities are in bad Conditions. Further findings reveal that the Condition of most facilities in the Markets was dilapidated and had not been adequately maintained; which is affecting the level of patronage of the Markets. In view of the these findings, there were need to improve the Market facilities and Conditions through additional provision and maintenance of the existing Markets. It was also suggested that private management firm should be responsible for the inspection and general maintenance of the entire Market in the study area. Keywords: Condition, Ekiti-State, Market, Module, Regional Development

  • A Module on Market Condition and Regional Development Planning in Ekiti-State, South Western Nigeria
    Research on humanities and social sciences, 2020
    Co-Authors: Endurance Okosun
    Abstract:

    A Market place is a geographical space that facilitates trade and enables the distribution and allocation of resources in a society, whereby parties engage in exchange of goods and services which promotes production, promotion, distribution, and consumption activities and i mprove the welfare and social life of the people. The purpose of the study was is to assess the types and Conditions of the Markets facilities in Ikere, Ise/Orun and Emure region of Ekiti state, Nigeria with a view to enhancing the economic development of the study area. This study adopted the survey research method, and used three different questionnaires to collect research data from the authority in Ikere, Ise/Orun and Emure Local Government Councils of Ekiti State, Market authorities in Ikere, Ise/Orun and Emure LG Councils of Ekiti State and the Market traders in the study area which is the main focus of this study. The findings among others revealed that the facilities provided for the Market traders are grossly inadequate, while the existing Market facilities are in bad Conditions. However, the Condition of most facilities in the Markets was dilapidated and had not been adequately maintained, which is affecting the level of patronage of the Markets in Ekiti State. In view of the findings, there were need to improve the Market facilities and Conditions through additional provision and maintenance of the existing Markets; private management firm should be responsible for the inspections and general maintenance of the entire Market in the study area. Keywords: Condition, Market, Module, Planning, Regional Development

Mingsheng Li - One of the best experts on this subject based on the ideXlab platform.

  • volatile Market Condition and investor clientele effects on mutual fund flow performance relationship
    Pacific-basin Finance Journal, 2014
    Co-Authors: Mingsheng Li
    Abstract:

    We analyze mutual fund flow–performance relationship using a novel sample of Chinese mutual funds that trade in a volatile Market environment. Consistent with existing literature, we find that the net flow to a fund is positively related to past fund performance. However, the positive flow–performance relationship weakens when the stock Market is divided into high and low volatile periods or when funds are divided into good and poor performers. Contrary to previous studies using samples in the U.S. and other countries, our results do not exhibit an asymmetric flow–performance relationship, nor do we find any significant Morningstar rating effect or smart money effect. Furthermore, we find that the overall stock Market performance is the primary driving force of flow–performance relationship and the positive relationship is more pronounced in bull Markets. Consistent with Thaler and Johnson's (1990) house money effect and the overconfidence hypothesis proposed by Gervais and Odean (2001), this suggests that Chinese mutual fund investors are vulnerable to Market Conditions. The overall results imply that Market Conditions and investor clientele differences play an important role in fund investments and flow–performance relationships.

  • mutual fund flow performance relationship under volatile Market Condition
    2013
    Co-Authors: Mingsheng Li, Jun Xiao
    Abstract:

    We analyze the relationship between flows and performance of Chinese mutual funds that trade in a volatile Market environment. Consistent with existing literature, we find that the net flow to a fund is positively related to past fund performance. Contrary to previous studies using samples in the U.S. and other countries, our results do not exhibit an asymmetric flow-performance relationship, nor do we find any significant star effect in China. These results imply that Market volatility plays an important role in reducing the asymmetric flow-performance relationship. Furthermore, we find that the positive relationship is more pronounced during bull Markets than during bear Markets. This suggests that Chinese mutual fund investors are more confident and invest more aggressively when stock Markets perform well.

Xin Y - One of the best experts on this subject based on the ideXlab platform.

Yuchen Zhuang - One of the best experts on this subject based on the ideXlab platform.

  • Risk, return and Market Condition: a new functional-beta capital asset pricing model
    2020
    Co-Authors: Yuchen Zhuang
    Abstract:

    In this research, we will focus on investigating the relationship between risk and return. We will propose a new model which leads to a more sensible approach to modelling the relationship between risk and return under different Market Conditions. It is an extension of the traditional single-index capital asset pricing model (CAPM) which reads as: The return Ri on individual Security i can be decomposed into the specific return αi +ei (expected specific return αi and random specific return ei ) and the systematic return βiRm owing to the common Market return Rm. In our new model, we suggest a functional-beta single-index CAPM, extending the work of three-beta CAPM (Galagedera and Faff, 2004) that takes into account the Condition of Market volatility. Differently from the three-beta CAPM, we allow βi changing functionally with the Market volatility σm, which is more flexible and adaptable to the changing structure of financial systems. The main contributions of this thesis are summarised as follows: • A new functional-beta CAPM, taking into account the Conditions of Market volatility, is proposed under the framework of widely applicable data generating processes of near epoch dependence (NED). • A semi-parametric estimation procedure based on least squares local lin-

  • Risk, Return and Market Condition: From a Three-Beta to a Functional-Beta Capital Asset Pricing Model
    Risk Management for the Future - Theory and Cases, 2012
    Co-Authors: Zudi Lu, Yuchen Zhuang
    Abstract:

    In this chapter, we are concerned with how a time-varying beta is linked to Market Condition in capital asset pricing model (CAPM). This is a question that is related to the recent interest in these large and unexpected swings in asset values, revived after the publication of Taleb’s (2007) book, “The Black Swan: The Impact of the Highly Improbable", to explore the merits of beta in the presence of large Market fluctuations (c.f., Estrada and Vargas 2011).