To see the other types of publications on this topic, follow the link: Equity factors.
Dissertations / Theses on the topic 'Equity factors'
Create a spot-on reference in APA, MLA, Chicago, Harvard, and other styles
Consult the top 50 dissertations / theses for your research on the topic 'Equity factors.'
Next to every source in the list of references, there is an 'Add to bibliography' button. Press on it, and we will generate automatically the bibliographic reference to the chosen work in the citation style you need: APA, MLA, Harvard, Chicago, Vancouver, etc.
You can also download the full text of the academic publication as pdf and read online its abstract whenever available in the metadata.
Browse dissertations / theses on a wide variety of disciplines and organise your bibliography correctly.
1
Carlson, Andreas, and Carl Johansson. "Category Extensions : Factors enhancing brand equity." Thesis, Linköping University, Department of Management and Economics, 2006. http://urn.kb.se/resolve?urn=urn:nbn:se:liu:diva-5766.
Full textAbstract:
In today’s world, where the consumer is constantly exposed to more and more brands in almost any kind of environment, the importance of exploiting those brands which have managed to reach the consumer’s mind and gained a strong position has increased. A majority of new product launches are extensions of existing brands. Brand extensions can be seen as a less expensive as well as less risky way to satisfy the consumer’s demands and needs within several segments by providing several products under the same brand rather than creating a new name for every new product. Even though the extension of brands has become a popular strategy, it can still be somewhat of a troublesome affaire to extend the brand without loosing its original value. A “very good” brand extension not only creates additional cash-flow but also enhances the brand name. Thus, the purpose of this thesis is to identify factors that enable enhanced brand equity through category brand extension. A category extensions is when an existing brand name is applied to a product category that is new to the firm.
The study is conducted based on exclusively written data whereas a presentation of textual analysis will appear. As the focus is on theoretical findings and not empirical, no entire chapter in this thesis will concern empirical findings. Elementary variables of brands are defined, explained and discussed as well as the concept of brand equity, identity and image. Further, we present a discussion concerning definitions and the research that has been conducted on the subject of extensions. A discussion on the potential benefits and difficulties that are involved in brand extension follows and the concept of extension fit as well as aspects of lifestyle are presented. The conclusions reach are seven factors, all benefiting from having a high level of abstraction. The factors enhancing brand equity through category extensions are: Brand Context Distance, Lifestyle, Brand Awareness, Fit, Guarantee Function, Personality and Relationship.
2
Thorson, Anna. "Equity and equality : case detection of tuberculosis among women and men in Vietnam /." Stockholm, 2003. http://diss.kib.ki.se/2003/91-628-5689-8/.
Full text
3
Zucchi, York Arnim Vigoni. "Factors affecting the equity-split decisions at business start-up in South Africa." Diss., University of Pretoria, 2011. http://hdl.handle.net/2263/25225.
Full textAbstract:
The issue of the division of equity is one that founders of joint ventures inevitably face during the start-up phase of business development. Whilst this is an issue of great importance in that it shapes the capital structure of the business (Roberts and Zender, 2008) and impacts on the future productivity of founder members (Holstrom, 1982), it is an area that has received little systematic attention in academic literature. Hellman and Wasserman (2011) conducted a large scale study of equity splits in start-up’s and noted that the three factors of (1) the value of the idea, (2) past entrepreneurial experience and (3) capital contribution played a significant role in determining the division of equity. This study employs a qualitative research methodology to investigate the process of equity negotiation with the aim of identifying further factors that may guide decisions in equity negotiation. The key findings of the research are that the dynamics of the interpersonal relationships that exist between founder members appear to influence equity negotiations, in that preserving goodwill in these relationships was a factor that motivated founder members to lean towards equal equity splits. The two phenomena that are associated with a need to preserve goodwill within the relationship are the existence of a relationship prior to entering into business, and the business venture being based on a shared idea.CopyrightDissertation (MBA)--University of Pretoria, 2011.
Gordon Institute of Business Science (GIBS)
unrestricted
4
Paelmo, Kay L. (Kay Lee) 1977. "Factors influencing German private equity investment in US real estate." Thesis, Massachusetts Institute of Technology, 2003. http://hdl.handle.net/1721.1/29768.
Full textAbstract:
Thesis (S.M. in Real Estate Development)--Massachusetts Institute of Technology, Dept. of Urban Studies and Planning, 2003.Includes bibliographical references (leaves 75-78).
This thesis identifies and ranks in order of importance the key factors influencing high net-worth German investors' decisions about US real estate private equity investments. Through research and in-depth interviews with key clients and investment advisors of Taurus Investment Holdings, LLC, each factor is examined based on available data and is ranked in a significance hierarchy according to client responses. Interview results indicate that "Higher Expected Returns in US Real Estate," "Trust in the Investment Advisor/Company," and "Diversification" are the three most influential factors for investor decisions about US real estate investment. Investors reported that exogenous factors such as German and US tax laws, US economic/political climate, and currency exchange rates are not as important. However, these exogenous factors are intimately linked to the more personal factors: both rational (Higher expected returns in US real estate, Diversification benefits) and emotional ones (Trust in the Investment Advisor). Furthermore, investors' decisions to invest in US real estate is crucially dependent on their trust in the investment advisor, regardless of high promised returns or diversification benefits. In a global recession where the sagging US economy and the weakening US dollar have eroded the returns for German investors with US real estate investments, the element of trust is more important than ever. A carefully chosen US investment advisor / partner plays a critical role in accomplishing investment objectives and achieving optimal results for German investors.
by Kay L. Paelmo.
S.M.
5
Limthanakom, Natcha. "A FRAMEWORK FOR UNDERSTANDING STYLE ROTATION IN U.S. EQUITY MARKETS." NSUWorks, 2010. http://nsuworks.nova.edu/hsbe_etd/61.
Full textAbstract:
In the first essay, I document sample-specific and time period-specific style returns in two distinct sets of U.S. equities: Fama and French style portfolios and the S&P 1500 style indexes. The value and size effects are apparent in the Fama and French portfolios. Only the size effect is evident in the S&P data. In general, the Fama and French style returns are greater than those of the S&P 1500 styles. Style returns tend to be time-varying and exhibit momentum over a variety of formation period-holding period horizons.
In the second essay, I utilize a bootstrap procedure to test for the presence of styleswitchers - as defined in Barberis and Shleifer (2003). I document style winner and loser continuations. There are some periods when no matter which particular style won (lost) in the past, it is more likely to continue winning (losing) in the future. I also test some Barberis and Shleifer (2003) propositions regarding style momentum. One proposition holds that Sharpe ratios from style-level momentum strategies should be at least as large as asset-level momentum Sharpe ratios. While many style momentum strategies generate significant returns, the implied Sharpe ratios are lower than those reported for asset-level momentum strategies. The Barberis and Shleifer (2003) model also suggests that style momentum could be time-varying. I condition style momentum returns on January, lagged market state, lagged monetary policy changes and lagged changes in relative dispersion and find significant conditional style-level momentum.
In the third essay, I identify and test explanatory factors that potentially predict style momentum returns. Several macroeconomic, relative dispersion, market related and volatility related factors are associated with future short-term style momentum returns. Interactions of many of these variables with market and monetary state indicator variables are significant in the
regressions as well.
6
Hoover, Carole J. "Sociological Factors Affecting Career Aspiration Level of High School Seniors." Diss., Virginia Tech, 1998. http://hdl.handle.net/10919/11279.
Full textAbstract:
This study was conducted to determine the significant factors that affected career aspirations for high school seniors in a suburban school. It also analyzed differences in females' and minorities' college plans, diploma type, and changes in career aspirations from 1986 to 1996.
The research design was a causal comparative statistical analysis replicating a 1986 study at the same school. In-depth investigations into female and minority aspirations were also expanded in this 1996 study. The population (N = 577) was 81% Caucasian, 9.5% Asian, 4.5% African American, 4% Hispanic and 1% American Indian.
A preliminary survey established the ratings of the occupations based on societal prestige. Data on career aspiration, ethnicity, gender, parents' education, grade-point average, diploma type and college plans were collected from the seniors using the Harrington-O'Shea career cluster form and two other surveys. The researcher operationally defined student aspiration levels by assigning the mean occupational rank from the preliminary survey to each student's choice of career. The seniors' aspiration data were analyzed using Chi-square Tests of Association, One-Way Analyses of Variance, Pearson Correlation and Scheffe comparisons.
There was a significant correlation between the 1996 seniors' career aspirations and two variables: grade-point average (p=.000) and fathers' education (p=.003). There was a significant relationship between the female seniors' career aspiration and their graduation years, 1986 and 1996 (p=.000); the 1996 females had higher career aspirations. Both the 1996 female and minority seniors achieved significantly higher percentages of Advanced Studies Diplomas with the Governor's seal (p=.000) and significantly higher percentages of aspirations for college (p=.000) than their 1986 peers. Another important finding was that the means of female seniors' career aspirations were just as high as their 1996 male counterparts; this was not true in 1986. Also, the 1996 minority seniors had slightly higher career aspiration means than their Caucasian peers.
This study suggests that educators can reflect on what has been done during the last decade to empower females and minorities. It also challenges educators to continue to seek better curriculum and career opportunity programs to overcome the institutional sexism and racism that may interfere with students' aspirations.Ed. D.
7
Sohn, Bumjean Ghysels Eric. "Cross-section of equity returns stock market volatility and priced factors /." Chapel Hill, N.C. : University of North Carolina at Chapel Hill, 2009. http://dc.lib.unc.edu/u?/etd,2347.
Full textAbstract:
Thesis (Ph. D.)--University of North Carolina at Chapel Hill, 2009.Title from electronic title page (viewed Jun. 26, 2009). "... in partial ful?llment of the requirements for the degree of Doctor of Philosophy in the Kenan-Flagler Business School Finance." Discipline: Business Administration; Department/School: Business School, Kenan-Flagler.
8
Zhou, Hang. "Three essays of Empirical Asset Pricing in the UK." Thesis, University of Edinburgh, 2018. http://hdl.handle.net/1842/31364.
Full textAbstract:
The first empirical chapter examines the existence of a 'net equity issuance' (NEI) effect in the UK stock market. Net Equity Issuance (NEI) refers to the change in a firm's shares outstanding due to events such as SEOs, acquisitions financed by share issues, issues to staff and share repurchases. The NEI effect is the ability of share issuance by firms to predict their subsequent stock returns. My results mainly suggest that there is an NEI effect in the UK. However, a discrepancy exists between the UK results and those found in the US. In the UK market, negative-NEI stocks tend to show negative subsequent returns while zero-NEI stocks have the highest subsequent returns. I also find that the abnormal returns from the NEI effect disappear when transaction costs are taken into account. Furthermore, the asset pricing test results suggest that the new factor models partially explain the NEI effect in the UK. The second empirical chapter evaluates the information content of new asset pricing factors in the UK. I find that two new risk factors, the investment factor and the profitability factor, improve the factor model's performance in the UK while both the size factor 'small minus big' (SMB) and the value factor 'high minus low' (HML) are redundant. There is also evidence that factor construction methods matter to the information content of the profitability factor. The most informative profitability factor in the UK among the possible candidates is constructed using income before extraordinary items scaled by book equity. The third empirical chapter explores the information content of the two new factors by linking them to the state variables which predict future investment opportunities. By doing this, I find confirmative evidence that the two new risk factors may proxy for state variables that capture time variations in the investment opportunity set. I find empirical evidence which confirms that the investment factor predicts future economic growth, proxied by GDP growth, investment growth and consumption growth. In addition, the investment factor is found to be related to dividend yield shocks, whereas the profitability factor is related to inflation shocks. In addition, the pricing significance of macroeconomic variable shocks disappears when loadings on the two new factors are presented in the model. The evidence therefore provides economic interpretation to the information content of the new asset pricing factors in the UK market.
9
Turner, Edward. "Factors affecting the performance of branded apparel retailers under private equity ownership." Thesis, Lancaster University, 2016. http://eprints.lancs.ac.uk/84082/.
Full textAbstract:
Branded apparel retailers are part of a high growth sub-sector in UK retail (PwC, 2016). The growth of this sub-sector has attracted investment from middle market private equity firms (Clark and Bawden, 2011), yet little research has been undertaken into the role that private equity firms play in the growth of these firms. This is surprising given that private equity investors have had a mixed impact on the performance of branded apparel retailers. Using a grounded theory approach (Glaser & Strauss, 1967; Locke, 2001; Charmaz, 2008), this study identifies the factors affecting the performance of branded apparel retailers under private equity ownership. Data was collected from private equity professionals and branded apparel retailers, as well as other industry stakeholders such as corporate finance professionals. From the grounded theory process, the researcher developed a Three-Stage Private Equity Model to demonstrate the factors that affect branded apparel retailers through different stages of private equity ownership. This study makes the following contributions to theory. First, the Three-Stage Private Equity Model provides insight into the private equity and branded apparel retailer relationship. This study provides an in-depth understanding of the factors affecting firm performance. Second, the study contributes to parenting theory by questioning the static nature of the Heartland Matrix (formerly the Ashridge Portfolio Display Matrix). This study highlights that parenting relationships are far more dynamic than the Heartland Matrix suggests. Third, the Three-Stage Private Equity Model is used as a substantive theory to question the value adding and value subtracting mechanism proposed by Campbell et al (2014). The study finds the value adding and value subtracting behaviours identified by Campbell et al (2014) do not fully apply to buy-to-sell parenting relationships. The study contributes to parenting theory by highlighting the differences and similarities between the factors identified within the Three-Stage Private Equity Model and the value adding/subtracting behaviours proposed by Campbell et al (2014). Key Words: Private Equity, Branded Apparel Retailers, Grounded Theory, Parenting Theory.
10
Johansson, Tom-Filip, and Tommi Määttä. "Abnormal Returns of Swedish Equity Funds : Are Managers Skilled or Lucky?" Thesis, Umeå universitet, Företagsekonomi, 2012. http://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-56783.
Full textAbstract:
The fund market has grown substantially during the past decades and the majority of Swedish citizens are invested in funds directly or through pension savings. There is mixed evidence on the performance of Swedish equity funds depending on the method employed and the time period studied. In this study, we set out to estimate abnormal performance using acknowledged methods during a time-period that is both longer and more recent than previous studies. Our sample is survivorship-free and consists of 150 mutual equity funds during January 1993 to December 2011. We use a four-factor model to estimate abnormal performance compared to an index and additional risk factors. We find that the average performance is neutral net of costs and that funds outperform with 1.7 percent before costs, the difference is approximately the average management fee. Over time, we find that the average abnormal performance and the share of funds that have significant outperformance have decreased while the share of significant underperformance has increased. Since the study of fund performance started in the 1960's the twin questions has been; does funds outperform the market and is this a result of pure chance or are managers skilled? Since we observe funds with significant positive and negative abnormal performance, we want to know if the results can attributed to luck or skill. We employ the latest technique, a bootstrap simulation, to test for skill or luck. This is the first study to employ the bootstrap to distinguish skill from luck in sample of Swedish funds. By ranking funds on performance after costs, we find that the performance of the majority of funds can be attributed to skill or "bad skill". The evidence is strongest in the top 95th percentile and above, and from the bottom 50th percentile and below.
11
Loos, Nicolaus. "Value creation in leveraged buyouts : analysis of factors driving private equity investment performance /." Wiesbaden : Deutscher Universität-Verlag, 2006. http://www.springerlink.com/content/u44p65/.
Full text
12
Schoeman, Nico. "The drivers and restraining factors for achieving employment equity at management level in gold mining companies." Diss., University of Pretoria, 2010. http://hdl.handle.net/2263/26042.
Full textAbstract:
South African gold mining companies fail to meet employment equity targets at management level. The research aimed at establishing the level of Blacks in junior, middle and senior management positions in South African gold mining companies and to gain an understanding of the drivers and restraining factors for achieving employment equity at management level. Qualitative research was undertaken comprising focus group discussions with Black managers in the gold mining industry and with the Department of Mineral Resources. This was supplemented with in-depth interviews with gold mining HR and transformation managers/executives, labour unions and the Department of Labour. The research confirmed the current level of Blacks in management in gold mining companies, ranging between 23% and 29.6%. A conflict was identified between the Department of Mineral Resource’s “compliance” approach compared to gold companies’ “commitment” approach to employment equity transformation. Transformation Planning, Individual Development Support and Employment Equity Support Structures emerged as the key employment equity transformation themes. These were captured in the “three pillar” model to guide improved employment equity transformation in South African gold mining companies. CopyrightDissertation (MBA)--University of Pretoria, 2010.
Gordon Institute of Business Science (GIBS)
unrestricted
13
Chandorkar, Pankaj. "A systematic review of the determinants and the behaviour of equity risk premium." Thesis, Cranfield University, 2013. http://dspace.lib.cranfield.ac.uk/handle/1826/12492.
Full textAbstract:
Understanding the Equity Risk Premium (ERP) and the factors affecting it is cardinal to financial economics, particularly to equity research analysts, domestic and international institutional investors and financial economist. Since the seminal work of Mehra and Prescott (1985) there has been an exponential rise in the research explaining the reasons for ERP puzzle. This review, systematically, investigates the literature related to ERP in four key dimensions. The first dimension is regarding the issues related to different techniques of estimating the ERP. The second dimension is regarding the studies that explain the reasons of existence of the ERP puzzle by making modifications to the preference structures. The third is regarding the macroeconomic variables that help in predicting ERP and the fourth deals with studies that are conducted in the international context. In addition to this, this review meticulously captures some important limitations of the existing literature regarding the estimation of ERP and identifies the domestic and international determinants of ERP, in particular the UK ERP and proposes novel future directions of research. These future research directions have two important implications for my PhD. The first is the academic contribution that predominantly comes from methodological contribution of estimating the ERP. The second is the practical contribution that comes mainly from identifying the unique set of variables (UK domestic and international), which are of prime importance to the domestic and foreign institutional investors because of the financial crisis of 2008-2009 and which should affect the UK ERP.
14
Sevil, Esteban Ángel. "Interaction model of private equity and venture capital developing factors in Chile and Latin America." Thesis, Massachusetts Institute of Technology, 2012. http://hdl.handle.net/1721.1/72853.
Full textAbstract:
Thesis (S.M.)--Massachusetts Institute of Technology, Sloan School of Management, 2012.Cataloged from PDF version of thesis..
Includes bibliographical references (p. 83-86).
Private equity and venture capital (PE/VC) are efficient resource allocation systems that provide equity capital to selected entrepreneurs, industries or firms that contribute to advance the economic welfare of society. Private equity and venture capital firms act as a catalyst for initiating, consolidating, professionalizing, growing and globalizing their portfolio companies, and in doing so, they increase their competitiveness and expand their operations in regional and global markets. They create an invaluable ecosystem based on innovation, entrepreneurship and the detection of business opportunities, building local talent and setting up the pillars of new growing industries diversifying countries' economies. From 1999 to 2005 the internet bubble and several economic crises impacted Latin America, collapsing private equity and venture capital activity. Moreover, the confidence of limited partners (LPs) in the fund managers (GPs, general partners) sank. Thanks to the fast growing internal demand of Brazil and the low economy cycle in developed countries, the appetite for private equity assets in emerging markets and in Latin America raised, creating the opportunity for successful exits. However, few success cases have been seen outside Brazil. Why the number of exits in Chile has been limited? What are the drivers of success? How is it possible to accelerate the development of PE/VC given the benefits they provide to the economy and the society? This document answers these questions identifying the most important factors affecting the development of private equity and venture capital. All the factors are linked together and form part of an ecosystem; they are not independent parts that can be studied separately. This ecosystem is modeled be mean of a framework, where the interactions among these factors are defined and their impact is explained in detail. Through the analysis of the model of private equity and venture capital developing factors two main conclusions are extracted: first, the development of PE/VC is a continuous learning process; positive actions implemented now will have a visible impact in the medium or long term. Second, success is the main driver of the PE/VC development as it has a positive amplifying effect in the whole ecosystem. However, success is one of many other factors, and all of them must be considered since all are interconnected. The more positive actions are put into action from all the different factors, the more success cases will be created and as a consequence, the development will be accelerated, creating a synergic reinforcing loop.
by Ángel Sevil Esteban.
S.M.
15
Liu, Jack Wen-Hao. "A quantitative equity strategy based on factors formed by industries in the S&P500." Thesis, Massachusetts Institute of Technology, 2011. http://hdl.handle.net/1721.1/65809.
Full textAbstract:
Thesis (S.M.)--Massachusetts Institute of Technology, Sloan School of Management, 2011.Cataloged from PDF version of thesis.
Includes bibliographical references (p. 25).
This paper presents and simulates a long-short market-neutral quantitative equity trading strategy for US stocks. First, economic intuition and academic researches for which this trading strategy is based upon will be explained. Second, to ensure that the trading strategy simulation would be as realistic as possible, I will introduce some trading constraints, investment guidelines, and other assumptions/ restrictions about the strategy's backtest setting. Third, I will put in detail how the trading model is built and how the strategy is executed. Fourth, the strategy's backtest result will be presented. Fifth, I will use some risk factors to analyze the strategy's performance as well as compare the strategy's results against these risk factors. Lastly, I conclude with several insights drawn from this research on quantitative investment.
by Jack Wen-Hao Liu.
S.M.
16
Pearson, Alex, John Johdet, and Mikael Näselius. "Understanding The Crowd : A quantitative study on investor motivation in equity crowdfunding." Thesis, Högskolan i Jönköping, Internationella Handelshögskolan, 2016. http://urn.kb.se/resolve?urn=urn:nbn:se:hj:diva-30192.
Full textAbstract:
Background - Equity-based crowdfunding is rapidly emerging as a source of funding, as a way for ventures to overcome financial obstacles. It is based on a large number of investors, the crowd, who contributes with smaller investments that together helps fund the venture, where the investor in return receives equity in the venture. In order for the entrepreneur to successfully fund their ventures, it is important to understand what motivates the investors to invest. Problem: The theoretical framework Motivation in Equity-Based Crowdfunding has been developed to understand what drives the investors. However, this framework has mainly been developed on crowdsourcing and general crowdfunding, which is significantly different from equity crowdfunding. Therefore, further research has been suggested by other authors on the topic, to specifically investigate investor motivation in equity crowdfunding. Furthermore, existing research has only studied investors as one group of people and not divided them into smaller segments. Purpose: The aim of this descriptive study is to understand what motivational factors drives investors to invest in equity-based crowdfunding, and how the motivations to invest is different between the demographic characteristics within age, gender, location, income and investor experience. Method: With a deductive research approach, four hypotheses were developed based on the literature review. Using the framework Motivation in Equity-Based Crowdfunding as a basis for the research, the investor motivation was studied on 142 equity crowdfunding investors using a quantitative online survey. The results were then analyzed using frequency analysis, descriptive statistics, t-statistics and multiple regression analysis. Conclusion: Based on the findings, a revision of the framework Motivation in Equity-Based Crowdfunding have been suggested. Furthermore, it was found that investors were primarily driven by enjoyment, philanthropic and financial payoffs in their decision to invest. There were also significant differences found in investor motivation between the demographics age, gender and investor experience, whilst the location or income of the investor did not have any effect on investor motivation. Contribution: By understanding what investors are motivated by, the entrepreneurs can promote these factors in their crowdfunding campaign, which may increase their chances of getting successfully funded. Furthermore, if the entrepreneur wants to bring in a certain type of investor, they can adjust their promotion after the factors that motivates a certain demographic characteristic.
17
Goodell, John W. "Three Essays on the Cross-National Impact of Trust and Social Factors on Culture of Equity." Kent State University / OhioLINK, 2008. http://rave.ohiolink.edu/etdc/view?acc_num=kent1210195277.
Full text
18
Edwards, Tim. "The Influence of Personal, Relational, and Contextual Factors on Forgiveness Communication Following Transgressions in Romantic Relationships." Cleveland State University / OhioLINK, 2015. http://rave.ohiolink.edu/etdc/view?acc_num=csu1430661105.
Full text
19
Ye, Jiali. "Maintaining Online Friendship: Cross-Cultural Analyses of Links among Relational Maintenance Strategies, Relational Factors, and Channel-Related Factors." unrestricted, 2006. http://etd.gsu.edu/theses/available/etd-10092006-150113/.
Full textAbstract:
Thesis (Ph. D.)--Georgia State University, 2006.1 electronic text (153 p.) : digital, PDF file. Title from title screen. Jaye Atkinson, committee chair; Cynthia Hoffner, Yuki Fujioka, Merrill Morris, Elisabeth Burgess, committee members. Description based on contents viewed Mar. 26, 2007. Includes bibliographical references (p. 115-135).
20
Roseiro, Ana Henriques. "Factores psicossociais de motivação nos cientistas: um estudo de caso no Instituto Gulbenkian de Ciência." Master's thesis, Instituto Superior de Economia e Gestão, 2009. http://hdl.handle.net/10400.5/1308.
Full textAbstract:
Mestrado em Ciências EmpresariaisA motivação no trabalho tem vindo a ser apresentada como uma variável central na vida organizacional. O interesse pelo tema surge no primeiro quartel do século XX, momento em que o modelo taylorista de organização científica do trabalho começa a ser problematizado e emerge a importância do "factor humano" nas organizações. Desde então, muitas investigações e teorias foram desenvolvidas com o intuito de tentar explicar o funcionamento deste impulso interno que leva os indivíduos a actuar em função da concretização de determinados objectivos. Apesar da relevância do tema, quase não existem estudos sobre a motivação dos cientistas/investigadores em Portugal, uma lacuna para a qual é pertinente contribuir, dada a centralidade que o desenvolvimento científico e tecnológico possui na promoção competitiva do país, a natureza do próprio processo de investigação (que se caracteriza por conter um elevado grau de incerteza quanto ao sucesso na obtenção de resultados) e sobretudo a emergência de novos modos de produzir ciência. Esta transmutação dos modos de produzir ciência, ocorrida nas últimas décadas, fez-se acompanhar pela mudança do sistema de valores que guia a actividade científica. Se antes a ciência seguia os princípios que Merton cunhou de CUDOS (communalism, universality, disinterestedness, organized skepticism), hoje começa a ter como normas o que Zyman designa pelo acrónimo PLACE (proprietary, local, authoritarian, comissioned, expert). O presente projecto de investigação visa contribuir para o melhor conhecimento desta realidade, focalizando-se na análise dos factores psicossociais de motivação dos cientistas que trabalham no Instituto Gulbenkian de Ciência (IGC), um centro de investigação fundado pela Fundação Calouste Gulbenkian e que actua nas áreas da biologia, biomedicina e genética. Em termos metodológicos, esta investigação constitui um estudo de caso, através do qual se pretende examinar a motivação daquele grupo específico de trabalhadores à luz das transformações do ethos científico. O objectivo é apurar que tipo de factores de motivação é que estão na base do comportamento dos cientistas/investigadores do IGC nas suas diferentes categorias - Group Leaders, Trainees e Technicians, Students e Postdocs -, quais os princípios normativos que guiam a sua actividade e se a variável sexo condiciona ou não a forma como se sentem motivados e as normas éticas que partilham.
Motivation at work is often presented as a key variable in organizational life. Interest in the theme first emerged in the early XX century with the Taylor Scientific Management model and recognition of the importance of the "human factor" in organizations. Since then, much research and theory have been developed, seeking to explain the intrinsic impulse that leads individuals to behave in certain ways to attain certain objectives. Despite the relevance of the theme, very few studies examine the motivation of scientists /researchers in Portugal. It is important to fill this gap, given the key role that scientific and technological developments play in enhancing the competitiveness of the country, in addition to the nature of the actual research process, which is characterized by a high degree of uncertainty with regard to success in obtaining results, and above all the emergence of new scientific production modes. This transformation in scientific production modes has taken place over recent decades, and it has been accompanied by a change in the system of values that guides scientific research. While in the past science was guided by the principles coined by Merton: CUDOS (communalism, universality, disinterestedness, organized skepticism), today it is governed by the norms that Zyman calls PLACE (proprietary, local, authoritarian, commissioned, expert).This research project seeks to contribute to a better understanding of the phenomenon of scientific research through an analysis of the psychosocial motivational factors of the scientists who work at the Gulbenkian Institute of Science (GIS), a research centre operating in the fields of biology, biomedicine and genetics, which was founded and is supported by the Calouste Gulbenkian Foundation. This is a case study, whose aim is to examine the motivation of this specific group of workers in light of shifts in scientific ethos. The objective is to determine what kind of motivational factors underpin the behaviour of the scientists/researchers of different categories at GIS (Group Leaders, Trainees and Technicians, Students and Post-doctorate researchers), what normative principles guide their activity and if gender is a variable that conditions their motivation and the ethical norms they share.
21
Halvorson-Fried, Sarah Marie. "Exploring Factors Influencing Employer Attitudes and Practices toward Equity, Diversity, and Inclusion in the New River Valley." Thesis, Virginia Tech, 2016. http://hdl.handle.net/10919/71705.
Full textAbstract:
Although Congress enacted civil rights legislation in the 1960s to address racial inequities in income and employment, the executive branch and the courts have since retreated from efforts to pursue those policies aggressively. Meanwhile, anti-racism advocates, including the Montgomery County, Virginia based Dialogue on Race, have continued to promote strategies aimed at securing employment and income equity for all citizens. This study analyzed the social and economic costs of continued racial inequality in employment and income, and examined the ways in which local employers are addressing this challenge in the Blacksburg, Virginia region by exploring their self-reported rationales for action on the basis of economic efficiency or profit, moral obligation to fairness and justice, adherence to legal requirements, or leader influence. I addressed these concerns through population data analysis, key informant interviews, and a survey of major local employers. I found that New River Valley employers appear to be motivated by economic and moral reasons, as well as legal compliance. I conclude that activists should use this apparent openness to multiple rationales to work to help community leaders and local employers recognize racial equality as a moral imperative rather than as an instrumental claim incidental to its perceived utility.Master of Urban and Regional Planning
22
Forrester, Andrew C. "Equity Returns and Economic Shocks: A Survey of Macroeconomic Factors and the Co-movement of Asset Returns." Miami University / OhioLINK, 2017. http://rave.ohiolink.edu/etdc/view?acc_num=miami1512128483719638.
Full text
23
Stiti, Karim. "Factors Determining Wealth Creation from Divestitures in Sweden." Thesis, KTH, Matematisk statistik, 2018. http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-229816.
Full textAbstract:
Divestitures have grown in importance and popularity over the years, rivaling other strategic transactions in mergers and acquisitions. The dominating opinion in academic research is that divestitures overall generate an abnormal return for the parent company stock. This thesis will focus on how Swedish companies perform in the short-term around the announcement of a divestiture. A multiple linear regression analysis finds significance for divestiture gains being attributed to companies focusing on core competencies and to companies with low returns on assets and high returns on equity. However, no significance is found for the size of the companies or financial distress.Avknoppningar är idag en populär företagstransaktion. Den dominerade åsikten i den globala forskningen kring avknoppningar gör gällande att de generar en överavkastning för företaget i förhållande till marknaden. Denna kandidatuppsats ämnar undersöka vilka faktorer som kan påverka denna överavkastning genom att studera svenska företag på Nasdaq Stockholm. En multipel regressionsanalys visar att företag som säger sig utföra avknoppningar för att fokusera på kärnverksamheten generar en överavkastning. Vidare blir det en överavkastning på företag som har låg avkastning på totalt kapital och hög avkastning på eget kapital. Ingen verkan hittas dock för att storleken på företaget eller skuldstrukturen har en inverkan på överavkastningen.
24
Tshabalala, Phillip Masibi. "Numeracy performance of Grade 3 learners in rural and urban primary schools." Diss., Pretoria : [s.n.], 2009. http://upetd.up.ac.za/thesis/available/etd-06302009-171742.
Full text
25
Tarusikirwa, Moffat. "Understanding the social and institutional factors related to the retention and progression of selected female academics in four higher education institutions in Zimbabwe." University of the Western Cape, 2011. http://hdl.handle.net/11394/8479.
Full textAbstract:
Philosophiae Doctor - PhDThis study set out to investigate the social and institutional factors which impact on the retention and progression of female academics in four universities in Zimbabwe. Drawing on a qualitative research methodology the aim of the study was to understand seeking to unpack the factors that shape the low representation of female academics in occupational spheres, the study finds unequal gender-based patterns in Zimbabwean society as a key condition that finds its way into the four institutions. In this regard, the patterns and shape of gender relations, based on the principles of kinship, become the platform for unequal relations among male and female academic staff. This manifests itself in different ways, including the (negative) role played by the extended kin family in the progression of married women academics to higher level management posts, resistance to women's authority by both men and women, the culture of male domination within institutions which works to the disadvantage of female academics and stereotypical behaviour by men within the institutions stand the social and institutional factors related to the retention and progression of female academics in four institutions in Zimbabwe.
26
Van, Heerden Jakobus Daniël. "The impact of firm-specific factors on the cross- sectional variation in Johannesburg security exchange listed equity returns." Doctoral thesis, University of Cape Town, 2014. http://hdl.handle.net/11427/9543.
Full textAbstract:
Includes bibliographical references.The aim of this study is to examine the impact of technical and fundamental (referred to as firm-specific) factors on the cross-sectional variation in equity returns on the Johannesburg Securities Exchange (JSE). Three approaches to address this objective were identified through an extensive literature study covering more than half a century’s research, namely a cross-sectional regression approach, a factor portfolio approach and an extreme performer approach. All three approaches are applied in this study, allowing for comparison and robustness- tests to be performed on the JSE for the first time. In addition to factors identified through the literature review, factors that make economic sense from a South African point of view have also been included in the dataset, resulting in a total of fifty firm-specific factors to be examined. A fresh data set was created by collecting monthly data through numerous data sources on all shares listed on the JSE for the period January 1994 through May 2011, for these factors. The seventeen and a half year period is the longest period used to date (to the author’s knowledge) for the kind of research conducted in this thesis. Furthermore, the data has been prepared to correct for potential statistical biases that may affect the results, including data snooping, infrequent trading, survivorship bias, look-ahead bias and outliers. This lengthy period further allows for the formation of two independent subsamples, each covering a full investment cycle, enabling in- and out of- sample empirical research and testing to be conducted on the JSE for the first time.
27
Arkoulis, Angelos George. "Important factors for shipping companies in raising funds in the equity and high yield bond public capital markets." Thesis, City, University of London, 2001. http://openaccess.city.ac.uk/18588/.
Full textAbstract:
This thesis attempts to identify factors that are important for shipping companies in tapping the capital markets for finance, either to raise equity or to issue debt in the high yield bond market. The analysis is carried out through the presentation of three research papers. The first paper presents evidence for the first time on the aftermarket perfomance of 27 initial public offerings (IPOs) of common stock in the shipping industry worldwide, for the period 1987-1995. The portfolio of shipping IPOs in the sample underperforms the local stock market indices by as much as 36.79% by the end of their second anniversary of trading, but there is no evidence of underperformance in relation to the Morgan Stanley Capital International Shipping Index. Moreover, univariate regression analysis shows that two year holding period returns are positively related to the initial level of gearing and negatively related to the fleet age of the companies at the time of the offering. The second paper examines for the first time the relationships between a prespecified set of global macroeconomic risk variables and shipping stock returns internationally. The sample consists of 36 companies that are listed in 10 stock exchanges around the world and the analysis concentrates in the period December 1989 - March 1998. The macroeconomic factors included in the analysis are the returns on the world equity market portfolio, and innovations in a prespecified set of global macro variables, namely, industrial production, inflation, oil prices, US dollar exchange rates, and laid up tonnage. Oil prices and laid up tonnage are found to have a negative effect on shipping stocks, whereas the exchange rate variable has a positive effect. In addition, it is found that, in general, the effects of macroeconomic factors exhibit a consistent pattern in the way in which they affect the shipping industry, across countries. The third paper examines for the first time the primary pricing of shipping high yield bonds. This is performed by testing for the relationships between the following factors and the new issue spread of 30 high yield bond offerings issued by shipping companies in the US market, during the period 1993-1998: rating, callability, term, float, default rate, security status, 144A status, gearing, laid up tonnage and fleet age. Findings of the paper are that shipping high yield bonds carry wider spreads, the lower the rating of their issue, the higher their gearing levels, and the higher the laid up tonnage for the two months preceding the issue. Moreover, here is a statistically significant increase in explanatory power arising from the inclusion of gearing and laid up tonnage in the estimation, suggesting that rating agencies have not fully incorporated the potential effects of these variables, as credit risk factors.
28
Hiironen, A. (Antti). "Association of value and size factors with equity systematic risk:research on S&P 500 from 2013 to 2018." Master's thesis, University of Oulu, 2019. http://jultika.oulu.fi/Record/nbnfioulu-201902061154.
Full textAbstract:
Abstract. The purpose of this thesis is to investigate the relation of value and size factor anomalies to the systematic risk of equities. Value and size effects are academically proven market anomalies that have existed on various markets and time periods. Value anomaly refers to the tendency of stocks trading at low price multiples, such as the price to book value of equity (P/B), to outperform stocks trading at higher price multiples. Size anomaly means the tendency of smaller market capitalization stocks to outperform larger market capitalization stocks. For example, Fama & French (1996) and Malkiel (2014) argue that these market anomalies rise from these investment types being exposed to larger than average risk, which would explain the abnormal returns. Because of this proposition, these anomalies are also called risk factors. Investment styles exploiting these anomalies are called factor investment strategies or “Smart Beta” strategies as branded by the investment industry.
Factor investment strategies have become increasingly popular during recent years and there is a wide range of easily available investment vehicles such as ETF:s to employ these strategies. The goal of our research is to investigate if the value and size factor strategies carry with them a higher systematic risk than that of the market. This is done by making a set of regression analyses on the constituent stocks of the Standard & Poor’s 500-index. In the regressions we test for associations between beta and firm size and value factor proxies price-to-book, price-to-earnings, and dividend yield. Value factor proxies are investigated in separate regressions to avoid multicollinearity. The dataset is then further divided into industry sectors and separate regressions are made for each sector to explore for sector differences. The linkage of size effect into large cap S&P 500 stocks can be criticized but we find it relevant to investigate also this factor since the range of company sizes across S&P 500 is by any standards high, with 60-month average market capitalizations ranging from 3 billion USD to 642 billion USD. We aim to answer the question if and how loading an investment portfolio with value or size factor tilts influences the level of systematic risk the portfolio is exposed to.
Our empirical analysis finds that overall the factor proxies do not have an association to either increasing nor decreasing systematic risk. Price-to-earnings ratio, price-to-book ratio, and market capitalization do not have statistically or practically significant relation to beta. Dividend yield has a statistically and practically significant negative association with beta across S&P 500. However, this effect is not observed within separate sector regressions, indicating that the effect across S&P 500 might be caused by sector differences. In short, value and size factor investment strategies do not influence the level of systematic risk of a portfolio except if value factor is proxied by dividend yield, in which case it has a beta decreasing effect.
29
Mselmi, Nada. "Financial distress prediction and equity pricing models : Theory and empirical evidence in France." Thesis, Orléans, 2017. http://www.theses.fr/2017ORLE0502.
Full textAbstract:
Cette thèse porte sur la prédiction de la détresse financière et son impact sur le rendement des actions. L’objet principal de cette thèse est de : (i) prédire la détresse financière des petites et moyennes entreprises françaises en utilisant plusieurs spécifications économétriques tels que, le modèle Logit, les réseaux de neurones artificiels, la méthode SVM et la régression des moindres carrés partiels, et (ii) d’identifier les facteurs de risque de détresse financière à caractère systématique, explicatifs des rendements des actions, et additionnels au modèle de Fama et French (1993) tels que le momentum, la détresse relative, la liquidité et la Value-at-Risk, sur le marché boursier Français. Cette étude comporte deux parties. La première partie, composée de 2 chapitres, s’interroge sur les principaux indicateurs discriminants entre les petites et moyennes entreprises françaises saines et celles en détresse financière un an et deux ans avant la défaillance. Elle mobilise différentes approches de prédiction et aboutit à des résultats empiriques qui font l’objet d’analyse. La deuxième partie, composée aussi de 2 chapitres, étudie le pouvoir explicatif, du modèle de Fama et French (1993) augmenté de certains facteurs de risque, mais aussi des modèles alternatifs à cette approche dans le contexte français. Les tests portent aussi sur le caractère systématique des facteurs de risque additionnels ou alternatifs, explicatifs des rendements des actions. Les résultats empiriques obtenus font l’objet d’analyse et permettent de proposer des implications managériales aux décideursThis thesis focuses on financial distress and its impact on stock returns. The main goal of this dissertation is: (i) to predict the financial distress of French small and medium-sized firms using a number of techniques namely Logit model, Artificial Neural Networks, Support Vector Machine techniques, and Partial Least Squares, and (ii) to identify the systematic risk factors of financial distress that can explain stock returns, in addition to those of Fama and French (1993) such as the momentum, the relative distress, the liquidity, and the Value-at-Risk in the French stock market. This study has been concretized in two parts. The first part, composed of 2 chapters, wonders about the main indicators that can discriminate between distressed and non-distressed French small and medium-sized firms one and two years before default. It mobilizes different prediction techniques and leads to the empirical results that are the subject of the analysis. The second part, composed also of 2 chapters, investigates the explanatory power of Fama and French (1993) model augmented by a number of risk factors, as well as alternative models in the French context. The tests also focus on the systematic nature of the additional or alternative risk factors, explaining the stock returns. The obtained empirical results are analyzed and propose managerial implications to decision makers
30
Ko, Ting-Fang, and 柯婷方. "Exploring Successful Factors of Equity Crowdfunding." Thesis, 2017. http://ndltd.ncl.edu.tw/handle/gt5et5.
Full textAbstract:
碩士國立臺灣師範大學
全球經營與策略研究所
105
Crowdfunding becomes the new way of fundraising for startups. Among the different types of crowdfunding, such as reward–based, donation-based, and equity-based, the campaign volumes of equity crowdfunding have been increasing rapidly. However, the previous studies had yet explored it in depth. This study collects the equity crowdfunding platform data from Seedrs and Crowdcube, and uses quantitative analysis to explore the determinants of campaign success. The factors include early contributions, the number of early discussion post, the number of early update post, and the female ratio of the management team in a startup. The result shows that early contributions and the number of early update post are positively associated with successful fundraising. The female ratio is not significant.
31
Chueh, Yun Jung, and 闕韻容. "Earnings quality, risk factors and cost of equity." Thesis, 2011. http://ndltd.ncl.edu.tw/handle/55502459434427214575.
Full textAbstract:
碩士國立政治大學
會計研究所
99
This study investigates the relation among earnings quality, risk factors and cost of equity, especially, the existence of the effect of earnings quality on cost of equity while risk factors are considered, and the impact order of determinants of cost of equity. Fur measures of earnings quality are examined in the study of determinants of cost equity. We investigate how three individual measures of earnings quality and risk factors affect cost of equity. Then, we use the common factor score of these three individual measures of earnings quality as a composite of earnings quality to examine the impact of earnings quality and risk factors on cost of equity. Furthermore, we standardize variables to order the effects of determinants of cost of equity. The empirical result shows that both the absolute value of abnormal accruals and the composite factor score of earnings quality have positive effect on cost of equity. With three individual measures of earnings quality and risk factors as determinants of cost of equity, the effects in order the ratio of book value of equity to market value of equity, are the ratio of debt to market value of equity, unsystematic risk, firm size, shares turnover, momentum effect, systematic risk, absolute value of abnormal accruals and the ratio of debt to book value of equity. While with the composite common factor score and risk factors as determinants of cost of equity, the effect in order are the ratio of debt to market value of equity, unsystematic risk, firm size, shares turnover, momentum effect, the ratio of book value of equity to market value of equity, systematic risk, the ratio of debt to book value of equity and common factor. As a conclusion, the earnings quality is statistically a significant determinant of cost of equity after considering a variety of risk factors.
32
Lai, Chien-Hsun, and 賴建勳. "Industry factors vs. Country factors among Japan, South Korea, and Taiwan Equity Markets." Thesis, 2007. http://ndltd.ncl.edu.tw/handle/08841318137405054473.
Full textAbstract:
碩士國立臺灣大學
財務金融學研究所
95
This thesis investigates whether stock returns in three Asian markets are significantly influenced by country factors or industry factors. The different implications and performance of Japan, South Korea and Taiwan markets from 1994 to 2006 were studied. Results indicate that the TWSE and KOSPI index returns are deeply affected by TOPIX index returns. By scrutinizing the relationships among seven major industries and its index returns, we found that the relationships are one-way or two-way causality for most industries. Granger causality was performed for stock index returns and the effects of stock returns from country factors and industry factors.
33
Lai, Chien-Hsun. "Industry factors vs. Country factors among Japan, South Korea, and Taiwan Equity Markets." 2007. http://www.cetd.com.tw/ec/thesisdetail.aspx?etdun=U0001-1607200721500000.
Full text
34
"Factors affecting private equity firm performance: an Asian study." 2000. http://library.cuhk.edu.hk/record=b5890163.
Full textAbstract:
by Wong Hok-Ying.Thesis (M.B.A.)--Chinese University of Hong Kong, 2000.
Includes bibliographical references (leaves 67-72).
ABSTRACTS --- p.ii
TABLE OF CONTENTS --- p.iii
LIST OF ILLUSTRATIONS --- p.v
LIST OF TABLES --- p.vi
ACKNOWLEDGEMENTS --- p.vii
Chapter I --- INTRODUCTION --- p.1
Research Objectives --- p.5
Organization of This Paper --- p.7
Chapter II --- THE ASIAN PRIVATE EQUITY INDUSTRY: AN OVERVIEW --- p.8
Chapter III --- LITERATURE REVIEW --- p.13
Research on the Private Equity Industry in General --- p.13
Research on the Asian Private Equity Industry --- p.15
Chapter IV. --- Hypothesis Setting --- p.16
Private Equity Firm Structure --- p.16
Specialization vs. Diversification --- p.17
Compensation Issues --- p.23
Board seat --- p.25
General Partners Holdings --- p.26
Percent Ownership in Portfolio Firms --- p.27
Human Capital --- p.29
Investment Flexibility --- p.30
Chapter V --- RESEARCH METHODOLOGY --- p.31
Data Collection --- p.32
Measures --- p.34
Chapter VI --- RESULTS AND DISCUSSIONS --- p.38
Test of Hypothesis 1 --- p.40
Test of Hypothesis 2 --- p.42
Test of Hypothesis 3 --- p.43
Test of Hypothesis 4 --- p.44
Test of Hypothesis 5 --- p.45
Test of Hypothesis 6a & 6b --- p.46
Test of Hypothesis 7 --- p.47
Test of Hypothesis 8 --- p.49
Test of Hypothesis 9 --- p.49
Test of Hypothesis 10a & 10b --- p.51
Test of Hypothesis 11 --- p.52
The Multiple Regression Model --- p.53
Chapter VII --- CONCLUSIONS --- p.56
APPENDIX I --- p.60
APPENDIX II: (Questionnaire) --- p.65
BIBLIOGRAPHY --- p.67
35
Sousa, Luís Miguel Costa e. "Success Factors in Private Equity Investments - a literature review." Dissertação, 2020. https://hdl.handle.net/10216/129466.
Full text
36
Wen, Cheng-Chung, and 溫正忠. "THE STUDY OF AFFECTING FACTORS IN COSMETIC BRAND EQUITY." Thesis, 2002. http://ndltd.ncl.edu.tw/handle/02042586072934777166.
Full textAbstract:
碩士元智大學
管理研究所
91
The Cosmetic industries have always focused on the marketing strategies that are also important to get profits from the operations with high market share. However, the key point of business to operate eternally is not product strategy or price strategy only, the brand equity is the most important asset to create the business long-term value and maintain the lives for brands though it is often disregarded by the owners. This study proposes the integrated concepts of marketing strategy with frameworks and models. The launch of this study is the 4P of marketing and service strategies to try to ascertain the relationships between the affecting factors and cosmetic brand equity. Farther more, I would like to make a study to find out the primary factors for the customers to come again by the compose development of brand equity. We selected five cosmetics brands for testing the proposed model from this point of view. And we got back the 300 sets of effective questionnaire by 350 customers were requested to answer. The complex data was collected and analysis by factory and regression of SPSS. The conclusions of this research are summarized as following： 1.The service strategy is significantly influenced to brand loyalty including the attitude of the beauty consultants is good or not. The most significant are the cautious and attentive service, and the staffs’ attitudes of not pushing to sell their products to customers. 2.The product, place, promotion and service strategy are significantly influenced to brand awareness that some of them are including the enough to provide products to customer, the counter is easy to look for location, the topic of advertising is attractively and the solution easy to understand for identify as skin’s situation. 3.The product and service strategy are significantly influenced to Perceived quality that some of them are including the enough to provide products to customer, the functional of products have effectively, the cautiousness of beauty consultant and the professional of knowledge is well to treat customers. 4.The product, place and promotion strategy are significantly influenced to brand association that some of them are including the package design of product, the decoration design has comfortable and the topic of advertising is attractively to customers needs. 5.The brand loyalty, brand awareness, Perceived quality and brand association are significantly influenced to future purchase of customer.
37
Huang, Tien-Ching, and 黃鈿晴. "The factors affect private equity-issues evidence from Taiwan." Thesis, 2014. http://ndltd.ncl.edu.tw/handle/48624105749564984252.
Full textAbstract:
碩士國立雲林科技大學
財務金融系碩士班
102
Since 2002, our publicly listed companies can raise capital from private funds. Most prior studies focus on the impact and performance of private equity rather on the factors causing private equity. In this paper, we examine the factors affecting private equity during financial crisis period and non-crisis period. The findings show that firms with higher ROA, ROE and stock return engage more private equity. In contrast, Firms with higher leverage and larger size use less private equity. We also find that larger companies use less private equity as source of capital during financial crisis period.
38
Chen, Hsiao Yuan, and 陳筱媛. "An Empirical Study of Critical Factors Affecting Brand Equity." Thesis, 2009. http://ndltd.ncl.edu.tw/handle/51929524089852233250.
Full textAbstract:
碩士大葉大學
事業經營研究所
97
Consumers in the face of the pursuit of differentiation and customization of the environment, the brand has become the most competitive weapon, more and more attention to consumer brand equity management services which can be found most of the early scholars to brand equity directly and products linked together, some scholars have noted that very little brand equity of the service sector, research by a number of products and services, we can see there are indeed gaps, particularly in the user's personal perception of the relationship between the purchase and their service(Good, 1990). How to build a consumer brand recognition, the establishment of both a positive, successful and trustworthy relationship between the brand become a corporate marketing strategy to develop the critical factors. Watson's well-known "I dare to swear, the Watson's cheapest" and " Expensive refund twice the difference ", the Watson's high-profile and high-decibel shouting their prices strong run promotional activities, as well as the promotional advertising of all kinds of prices, continue to appear in the advertisement or other communication media, time and again to inform consumers of their exclusive promotional value of goods, set off in the market price effect of the storm bursts. Therefore this study cosmetic shops choose to use Watson as a leading advertising and price promotions to explore the measure of brand equity. When an effective marketing communication is established, consumers will be turned into consumer’s brand loyalty, as well as purchasers of long-term portfolio to enhance the effectiveness of the company's brand, so a positive impact on brand equity. Therefore, this study was that the marketing strategy to communicate the overall brand equity is a key element of strategy. In this study, the consumer's point of view, the use of structural equation modeling (SEM) to explore advertising, price promotions, the causal model of brand equity. Display advertising and marketing communication of promotional prices on brand equity dimensions of the impact. In this study, convenience sampling, a questionnaire issued to consumers and statistical analysis, research findings were as follows: When companies engage in brand advertising increases, consumers will have positive brand equity contribution; when companies engage in price promotions brand increases, consumers will have a negative brand equity contribution.
39
Sousa, Luís Miguel Costa e. "Success Factors in Private Equity Investments - a literature review." Master's thesis, 2020. https://hdl.handle.net/10216/129466.
Full text
40
Hsu, Ting-yuan, and 許婷媛. "Effect of Characteristics Factors on The Performance of Equity Funds." Thesis, 2010. http://ndltd.ncl.edu.tw/handle/53416116151905540963.
Full textAbstract:
碩士朝陽科技大學
財務金融系碩士班
98
Most of the investment because of limited funds, and in the face of the type and number range of mutual funds, how to choose a good fund performance is investor goal. In this study, in March 2004 to September 2009 between the stock market during the study period, due to the occurrence of subprime mortgages, so in March 2004 to September 2008 to do it again, and by using 75 open-ended equity mutual fund for the study sample, the use of Carhart (1997) four-factor model to measure fund performance, fund characteristics of the relationship between factors on the performance. The results showed that the number of months and the investment trust fund set up fees for the storage rate and the fund performance was a significant negative correlation, while the other fund size, fund beneficiaries, fund expense ratio and fund managers buy and sell all turnover rate was positively correlated with fund performance.
41
HUANG, CHUN-HSIUNG, and 黃俊雄. "A Study of Factors Influencing Taiwan Equity Fund Primary Market." Thesis, 2017. http://ndltd.ncl.edu.tw/handle/81683582235663451294.
Full textAbstract:
碩士國立臺北大學
國際財務金融碩士在職專班
105
This research explores the factors influencing rapid declination of IPO equity funds issuance in Taiwanese stock markets from 2006 to 2016. We use samples of primary stock market IPO equity funds from the Taiwanese Securities Investment Trust and Consulting Businesses in our research. Our research have found that within the decade, there were many incidents of international finance and political “black swan events” turbulences that had heavy impact on both the domestic and foreign markets, such as the global financial turmoil caused by the bankruptcy of Lehman Brothers in September, 2008, and the 2009-2010 European Debt Crisis. We are able to observe the result through the public announcement of domestic securities investment trust and consulting business public fund issuance from SITCA; new investment fund raising reached its climax in the domestic stock market in 2007, which started to decline in 2009. In contrast, we are able to observe an increase in investment in the foreign stocks or bond market mutual funds and mixed asset funds, and also ETF in centralized trading (such as FTSE TWSE Taiwan 50 index). The proportion of full investment capital stock in domestic listed company at stock exchange market and listed company at over-the-counter exchange is observed to be declining drastically during that period of time, and on top of that, there were no newly issued equity funds in two consecutive years (2013-2014). Also, the TAIEX reached its band new-high at 9698 index point in July, 2007, which then rapidly declines to 3955 index point in November, 2008, the observation presents strong relevance of equity fund raising amount to the TAIEX index point during the same period of time. This research also discovers that the equity fund raisings in Taiwanese stock markets have strong relationships with Taiwanese real estate property projection and global stock markets. The Empirical results in this study include: 1. In 2006 to 2016, Taiwanese Securities Investment Trust and Consulting Businesses have raised higher amount in new fund raising during the time TAIEX index point reached its new high, compared to TAIEX index point’s new low. 2. During the period of positive Taiwanese real estate property projection, equity fund raising for Taiwanese stock market shows relative positive relation compared to the period of recessive Taiwanese real estate property projection. 3. The amount of new Taiwan equity fund raising is relatively higher when global stock market indexes are higher and lower if the global stock market indexes are high. Thus, Taiwan equity stock fund raising has relative dynamic relationship with the high-lows of MSCI world indexes.
42
Ferrão, Joaquim António Martins. "Low leverage policy: factors that may influence debt-equity choices." Doctoral thesis, 2013. http://hdl.handle.net/10071/6274.
Full text
43
Ferreira, Francisco Pedro Santos Miranda. "Success factors in a reward and equity based crowdfunding campaign." Master's thesis, 2017. http://hdl.handle.net/10071/15933.
Full textAbstract:
As the world changes, financial sector changes with it, and alternative finance emerge.
Crowdfunding is part of this evolution and its use is becoming more widespread day by day.
As more entrepreneurs and organizations seek crowdfunding to fund their ventures, it
becomes of uttermost importance to create a framework to help them to succeed raising
finance. It is, therefore, the main goal of this thesis, to provide a valuable framework, a useful
guide, to help entrepreneurs in the hard task of raising finance through crowdfunding, mainly
those using equity crowdfunding. To accomplish the purposed goal, it is important to
understand the underlying motivations of those investing in equity crowdfunding, in order to
offer them what they seek and what motivates them. It is also vital, for those searching for
financing, which kind of crowdfunding fits better with their goals and which one increases
the likelihood of achieving them. Finally, is crucial to understand the specific success factors
for a successful crowdfunding campaign. As an important problem for a successful
crowdfunding or equity crowdfunding campaign is not the information available but rather
its dispersion, this framework pretends to collect several information, from different sources,
such as literature in the topic already existent, data collected from crowdfunding platforms,
specialized people in the area and primary research, in one place to make it easier, for those
searching for financing, through crowdfunding and equity crowdfunding, to achieve their
goals.Enquanto o mundo muda, o setor financeiro muda com ele, e várias formas de financiamento alternativo emergem. O crowdfunding, ou financiamento colaborativo, é parte importante desta evolução, e o seu uso é cada vez mais comum. Como mais empreendedores e organizações procuram o crowdfunding para financiar os seus projetos, é de extrema importância criar uma estrutura que os ajude a ter sucesso em obter esse financiamento. Consequentemente, o principal objetivo desta tese é criar um modelo detalhado, um guia útil, para ajudar os empreendedores na difícil tarefa de angariar financiamento através de crowdfunding, principalmente aqueles que escolhem equity crowdfunding. Para atingir o objetivo proposto é importante compreender as motivações subjacentes daqueles que investem em equity crowdfunding, para lhes oferecer aquilo que procuram e o que os motiva. Também é vital, para aqueles que procuram financiamento, compreender qual das diferentes modalidades de crowdfunding se encaixa melhor nos seus objetivos e aumenta a probabilidade de alcançá-los. Por último, é fundamental compreender quais são os fatores específicos de sucesso para uma bem-sucedida campanha de crowdfunding. Um dos grandes problemas para quem quer criar uma campanha de crowdfunding ou de equity crowdfunding bem-sucedida não é a informação disponível, mas sim a sua dispersão. Esta tese pretende recolher várias informações de diferentes fontes, como literatura já existente sobre o tema, dados recolhidos por plataformas de crowdfunding, pessoas especializadas na área e dados recolhidos através de um inquérito, e organizá-las num único lugar para ajudar aqueles que procuram financiamento, através de crowdfunding e equity crowdfunding, a atingir os seus objetivos.
44
Chiang, Chang-Lung, and 蔣昌隆. "The Influence Factors of Brand Equity—An Example of Dental Clinics." Thesis, 2008. http://ndltd.ncl.edu.tw/handle/93765101975162593414.
Full textAbstract:
碩士國立陽明大學
醫務管理研究所
96
Under national health insurance system, the operation of nosocomial institutes are going through a severe trial. Despite this fact, the competition amongst practitioners in the dental industry in Taiwan is getting more and more intense, especially in Taipei County. According to this research, there are as many as 1226 dental clinics in Taipei City alone—such density of population exceeds that of any convenient store chain. The issue of brand equity has been regarded significant ever since the 1980s, and the brand has evolved from an auxiliary to the commodity to a manageable asset itself. In Taiwan, although brand management has been emphasized in recent years, it has rarely been considered in the medical industry. On the other hand, the rise of patient rights and the management of doctor-patient relationship are regarded with increasing importance. This research integrates relevant documents and proposes the following research purposes: 1、To discuss the factors which influence the brand equity of dental clinics in Taipei. 2、To discuss the factors which affect brand equity with the viewpoint of relationship marketing (including trust and relationship commitment). This research investigates the dental clinics in Beitou District, Taipei City by way of structured questionnaire and random sampling. 390 questionnaires were distributed, and 248 valid questionnaires were retrieved. The valid respond rate was 63.6%. This research has acquired the following results: 1、There is no significant relationship between the level of customer trust and either brand loyalty, brand awareness, perceived quality, or brand association. 2、There are significant positive relationships between the level of the medical customer’s relationship commitment and brand loyalty, brand awareness, perceived quality, as well as brand association. 3、There is no significant relationship between the brand equity of dental clinics and either the brand awareness or the perceived quality of the clinics. 4、There are significant positive relationships between the brand equity of dental clinics and both the brand loyalty and the brand association of clinics.
45
Chen, Ui-Ling, and 陳玉翎. "A Study on the Determinant Factors of Private Equity Placement Discounts." Thesis, 2008. http://ndltd.ncl.edu.tw/handle/44214441567911330129.
Full textAbstract:
碩士輔仁大學
會計學系碩士班
96
This study explores the determinant factors of private equity placement discounts. The sample comprises 304 sample firms which conduct private equity placement during 2002~2008. The determinant factors of private equity placement discounts are classified into three groups. The first group factors are related to earnings management. The second group factors are related to corporate governance. The last group factors are the other factors. This study finds that the discount of private equity placement is greater when firms are with higher private equity placement, higher marketing value, and higher market to book ratio or the insiders sell shares before or after the year of private equity placement. In addition, this study also finds that the discount of private equity is smaller when firms change directors/supervisor after private equity placement
46
Liu, Yen-ting, and 劉言鼎. "Determining Factors of Abnormal Returns and Volumes for Private Equity Offerings." Thesis, 2008. http://ndltd.ncl.edu.tw/handle/75231625570692384061.
Full textAbstract:
碩士朝陽科技大學
財務金融系碩士班
96
For the deregulation relating the private placement offerings in 2002, Taiwan publicly listed companies turn to focus on private placement offerings. In this study, we provide the evidence on investor behavior and expectations around equity issues by investigating the abnormal return and volume and operating performance of publicly listed firms conducting private equity issues. In contrasting to control the industry effect, our evidence suggests continued positive abnormal return and volume performance following the announcement. On the other hand, this evidence suggests that managers and investors may be too optimistic about the short-run post-announcement underperformance of firms issuing equity privately. Finally, our results are inconsistent with theories that have been advanced previously to explain the positive abnormal return and volume reaction to private placement announcements. Our results also provide further explanation of credit rating on private placement offerings.
47
Huang, Chia-Wen, and 黃佳文. "Factors Influencing Brand Equity - An Example of Instrument Technology Research Center." Thesis, 2015. http://ndltd.ncl.edu.tw/handle/5jh789.
Full textAbstract:
碩士靜宜大學
企業管理學系
103
Past studies put more emphasis on how to enhance brand equity of B2C, and less on that of B2B. The primary focus of this research is about in a B2B condition, how Instrument Technology Research Center’s image, and old clients’ word-of-mouth referrals would impact brand equity. Brand awareness is the mediator in this study, which is investigated to see how it affects the 3 factors that contribute to brand equity: Instrument Technology Research Center’s image, customized service, and old clients’ word-of-mouth referrals. The 152 subjects in this study are from Instrument Technology Research Center’s current and potential clients. Through structural equation modeling analysis, it is found that research institute’s corporate image, customized service, and old clients’ word-of-mouth referrals are beneficial to enhancing brand awareness; also, brand awareness has positive correlation with brand equity. However, research institute’s corporate image, customized service, and old clients’ word-of-mouth referrals do not directly contribute to brand equity improvement. Enhancing brand equity could be achieved only through brand awareness.
48
Hsu, Ming-hua, and 許銘驊. "THE RELATIONSHIP AMONG BRAND BUILDING FACTORS, BRANDING STRATEGY, AND BRAND EQUITY." Thesis, 2006. http://ndltd.ncl.edu.tw/handle/86737150403957231900.
Full textAbstract:
碩士大同大學
事業經營學系(所)
94
Based on how firms build brands distinguished from other competitors and on the profits of OEM and ODM getting worse, the research motive in this study is triggered. Besides, there is little research discussing the relationship among the factors, brand strategy, and brand equity. specifically, we examine the influence of the country of origin, core competence, and international talent on branding. Samples include Top-500 firms of Taiwanese manufacturing industry and Brand International Promotion Association members. There were 600 questionnaires sent out to the respondents, and 106 copies were returned. After deducting 3 invalid returned questionnaires, there were a total of 103 valid responses. The valid response rate was 17.17%. The data is performed through SPSS 13.0. and Amos5.0. Both confirmatory factor analysis and the relationship between brand factors and brand equity are performed by structural equation modeling. The results indicates that (1) Country of origin has no influence on brand equity. The image that products are designed or manufactured by Taiwan won’t have any influence on brand. (2) Core competence positively affect brand equity. The more superior core competence firms own, the better brand equity they will have. (3) There is a positive relationship between international talent and brand equity. Brand value and performance will be better if talents have abundant global perspectives and substantial skills. (4) After exploratory research, country of origin, international talent, and core competences may not effectively discriminate brand strategies, build, buy, and alliance. There are possibilities that making a branding decision needs to ponder more critical factors conditions, such as market reality. (5) Branding strategy has no obvious influence on brand equity. When own brand is originated from one of the branding strategies, firms still need more effort and determination to make an own brand success.
49
Chun-Yin, Li, and 李純瑩. "The study of affecting factors of the performance of equity Fund." Thesis, 2004. http://ndltd.ncl.edu.tw/handle/23954231706446512862.
Full textAbstract:
碩士世新大學
經濟學系
92
Investment in mutual fund has the advantage of diversified investment and risk distribution. Professional investment organization can be commissioned for its investment and this has initiated another kind of new era of investment tool. When the development of mutual fund market prospers, for the investors, how to decide and judge on the buying and selling condition amongst so many domestic and overseas fund market, fund performance is one of the important basis for investors to select fund. This research is mainly based on traditional evaluation model (Sharpe Ratio, Treynor Ratio and Jensen Ratio) and the net return on investment on funds is also utilized as the indicator to evaluate fund performance. In addition, by collection of information in the open information market and by coping with the actual proof method of Panel Data model, this research attempts to find out the factor that may affect fund performance so as to help investor to base on it as a reference to select funds in the future. For research samples, a total of 124 domestic stock funds from 2001 to 2003 is selected and variables include fund flow, fund revolving rate, average net value per person, market rate of return, system risk BETA value and standard deviation STD_DEV are utilized to evaluate the level of effect on four types of evaluation fund performance indicators. 1. Consideration is given that due to the difference in various types of funds, there may be different results. Therefore, all stock fund samples are finely divided as follow: general type, technology category and small-medium type and the different types of funds are utilized to investigate on the relationship between fund performance and various variables. Model test is conducted based on research steps. First, this research conducts LM test to confirm that this research is suitable to adopt Panel Data model. The by order, Hausman test is conducted to decide on whether fixed effect model or random effect model is to be adopted. 2. This research designs six assumptions. As fund performance indicator has consideration in whether there is problem of risk value, therefore, on the explanation of its effect factors, it is also different and the result of the actual proof is as follows: 1. Net fund flow rate and (including risk value) the fund performance are all positive direction relationship. However, with (not including risk value) fund performance, these are all negative direction relationship. 2. For fund revolving rate, it is only with all sample stock funds that is under (not including risk value) fund performance. Only between the two there is positive relationship and is not significant on others. 3. Average net value per person: Mostly there is negative direction relationship with fund performance. 4. Market rate of return: With fund performance, it has positive direction relationship. 5. System risk BETA: With fund performance, mostly it has positive direction relationship. 6. Standard deviation STD_DEV: With fund performance, mostly it has negative relationship.
50
Lai, Tsun-jen, and 賴圳仁. "A Study of Characteristic Factors that is the Performance of Equity Fund." Thesis, 2009. http://ndltd.ncl.edu.tw/handle/55955009821783453923.
Full textAbstract:
碩士雲林科技大學
財務金融系碩士班
97
With the diversification of the financial products and a variety of investment tools which have their own characteristics, investors can invest in accordance with personal demands. As far as most investors are concerned, Systematic Investment Plan is their main investment tool; nevertheless the fund equity is their concern. The purpose of this study is to explore the characteristics of fund equity including the scale of the holding fund company, the scale of fund, fund expenses, the degree of the fund, the fluctuation of the fund equity and the ratio of P/B by the analysis of the Panel Data to probe whether the return on fund investment is relevant to the characteristics of the fund. The research adopts the materials from the database of the Taiwan Economic Journal (TEJ) and the database of the Securities Investment Consulting Association of the Republic of China and selects 150 cases of domestic stock type funds as the samples. The period of the research covers from January 2003 to December 2007 in total of 5 years. The research adopts monthly material type adding up to 60 months. The research reveals that domestic stock type funds can be classified into general type, scientific type, medium- and small-sized type and other type and discovers the fund equity and each factor with its distinctive influence in accordance with different types. The fluctuation of net value, fund expenses and the scale of the company are negatively relevant to fund equity. However, the ratio of P/B is relevant to fund equity positively. The scale of the fund is not relevant to fund equity and they don’t have any dominant relevance.