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Journal articles on the topic 'Portfolio allocation, co-variance, co-skewness and co-kurtosis'

Author: Grafiati

Published: 9 March 2023

Last updated: 10 March 2023

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1

Chaudhary, Rashmi, Dheeraj Misra, and Priti Bakhshi. "Conditional relation between return and co-moments – an empirical study for emerging Indian stock market." Investment Management and Financial Innovations 17, no. 2 (2020): 308–19. http://dx.doi.org/10.21511/imfi.17(2).2020.24.

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Due to many theoretical and practical shortcomings of the traditional CAPM model, this study aims at analyzing the CAPM with possible extensions. The analysis aims to know the empirical soundness of Conditional Higher Moment CAPM in emerging India’s capital market. The sample consists of 69 company’s daily stock price data from April 2004 to March 2019 from NSE 100. Panel data analysis is used on 21 cross-sections. The overall results show that when both up and down markets are incorporated separately, all three moments, namely, co-variance, co-skewness, and co-kurtosis, are priced during the

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Khan, Kanwal Iqbal, Syed M. Waqar Azeem Naqvi, Muhammad Mudassar Ghafoor, and Rana Shahid Imdad Akash. "Sustainable Portfolio Optimization with Higher-Order Moments of Risk." Sustainability 12, no. 5 (2020): 2006. http://dx.doi.org/10.3390/su12052006.

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Sustainable economic growth and development of stock market plays an important role in diversifying the investment opportunities that can be assessed accordingly. However, a true diversification in portfolio is impossible without inclusion of higher-order moments, skewness and kurtosis. However, the risk-taking behavior of investors is modelled with the help of higher-order moments of risk. Therefore, this study is intended to construct optimal portfolios and efficient frontiers with the inclusion of higher-order moments of risk. The findings show that optimized portfolios with inclusion of sk

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DA FONSECA, JOSÉ, MARTINO GRASSELLI, and FLORIAN IELPO. "HEDGING (CO)VARIANCE RISK WITH VARIANCE SWAPS." International Journal of Theoretical and Applied Finance 14, no. 06 (2011): 899–943. http://dx.doi.org/10.1142/s0219024911006784.

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In this paper, we quantify the impact on the representative agent's welfare of the presence of derivative products spanning covariance risk. In an asset allocation framework with stochastic (co)variances, we allow the agent to invest not only in the stocks but also in the associated variance swaps. We solve this optimal portfolio allocation program using the Wishart Affine Stochastic Correlation framework, as introduced in Da Fonseca, Grasselli and Tebaldi (2007): it shares the analytical tractability of the single-asset counterpart represented by the [36] model and it seems to be the natural

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Mounir, Amine Mohammed. "Prudence and temperance in portfolio selection with Shariah-compliant investments." International Journal of Islamic and Middle Eastern Finance and Management 14, no. 4 (2021): 753–66. http://dx.doi.org/10.1108/imefm-07-2019-0292.

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Purpose This paper aims to explore the impact of Sharīʿah-compliant stocks on other investor risk preferences beyond the risk aversion, namely, prudence and temperance. Design/methodology/approach This paper uses the non-parametric model data envelopment analysis with the shortage function as a measure of performance. The model uses three specifications considering skewness and kurtosis that describe according to expected utility theory, prudence and temperance. Findings Results show that first, efficient portfolios consist mainly of conventional stocks in the three-model specification. Second

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Bt Abdul Halima, Nurfadhlina, Dwi Susanti, Alit Kartiwa, and Endang Soeryana Hasbullah. "Abnormal Portfolio Asset Allocation Model: Review." International Journal of Business, Economics, and Social Development 1, no. 1 (2020): 46–54. http://dx.doi.org/10.46336/ijbesd.v1i1.18.

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It has been widely studied how investors will allocate their assets to an investment when the return of assets is normally distributed. In this context usually, the problem of portfolio optimization is analyzed using mean-variance. When asset returns are not normally distributed, the mean-variance analysis may not be appropriate for selecting the optimum portfolio. This paper will examine the consequences of abnormalities in the process of allocating investment portfolio assets. Here will be shown how to adjust the mean-variance standard as a basic framework for asset allocation in cases where

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Caldeira, João Frois, and Marcelo Savino Portugal. "Estratégia Long-Short, Neutra ao Mercado, e Index Tracking Baseadas em Portfólios Cointegrados." Brazilian Review of Finance 8, no. 4 (2010): 469. http://dx.doi.org/10.12660/rbfin.v8n4.2010.1534.

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The traditional models to optimize portfolios based on mean-variance analysis aim to determine the portfolio weights that minimize the variance for a certain return level. The covariance matrices used to optimize are difficult to estimate and ad hoc methods often need to be applied to limit or smooth the mean-variance efficient allocations recommended by the model. Although the method is efficient, the tracking error isn’t certainly stationary, so the portfolio can get distant from the benchmark, requiring frequent re-balancements. This work uses cointegration methodology to devise two quantit

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Georgescu, Irina, and Jani Kinnunen. "How the Investor’s Risk Preferences Influence the Optimal Allocation in a Credibilistic Portfolio Problem." Journal of Systems Science and Information 7, no. 4 (2019): 317–29. http://dx.doi.org/10.21078/jssi-2019-317-13.

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Abstract A classical portfolio theory deals with finding the optimal proportion in which an agent invests a wealth in a risk-free asset and a probabilistic risky asset. Formulating and solving the problem depend on how the risk is represented and how, combined with the utility function defines a notion of expected utility. In this paper the risk is a fuzzy variable and the notion of expected utility is defined in the setting of Liu’s credibility theory. Thus, the portfolio choice problem is formulated as an optimization problem in which the objective function is a credibilistic expected utilit

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Füss, Roland, and Felix Schindler. "Diversifikationsvorteile verbriefter Immobilienanlagen in einem Mixed-Asset-Portfolio." Perspektiven der Wirtschaftspolitik 12, no. 2 (2011): 170–91. http://dx.doi.org/10.1111/j.1468-2516.2011.00362.x.

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AbstractThis article examines whether international investors benefit from adding real estate investment trusts (REITs) to a mixed asset portfolio consisting of global stocks, bonds, hedge funds, and commodities. Previous literature has shown that REITs provide a strong co-movement with direct real estate in the long run. We therefore test the diversification potential of international REITs within the strategic asset allocation. Using the Johansen cointegration technique, we show that there is no long-term co-movement between REITs and the other asset classes in the period from January 1990 t

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Tronzano, Marco. "Safe-Haven Assets, Financial Crises, and Macroeconomic Variables: Evidence from the Last Two Decades (2000–2018)." Journal of Risk and Financial Management 13, no. 3 (2020): 40. http://dx.doi.org/10.3390/jrfm13030040.

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This paper focuses on three “safe haven” assets (gold, oil, and the Swiss Franc) and examines the impact of recent financial crises and some macroeconomic variables on their return co-movements during the last two decades. All financial crises produced significant increases in conditional correlations between these asset returns, thus revealing consistent portfolio shifts from more traditional towards safer financial instruments during turbulent periods. The world equity risk premium stands out as the most relevant macroeconomic variable affecting return co-movements, while economic policy unc

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Oliva, I., and R. Renò. "Optimal portfolio allocation with volatility and co-jump risk that Markowitz would like." Journal of Economic Dynamics and Control 94 (September 2018): 242–56. http://dx.doi.org/10.1016/j.jedc.2018.05.004.

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Hung, Ngo Thai. "Co-movements between Bitcoin and other asset classes in India." Journal of Indian Business Research 13, no. 2 (2021): 270–88. http://dx.doi.org/10.1108/jibr-03-2020-0071.

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Purpose This study aims to analyze the dynamic relationship between the Bitcoin market and the conventional asset classes in India Design/methodology/approach This paper aims to cast light on the dynamic linkages between Bitcoin prices and other conventional asset classes in India by using the wavelet transform frameworks, which can allow us to analyze components of time series without losing the information. To do that, the techniques used with the data set include wavelet-based covariance, correlation, coherence spectrum, continuous power spectrum and Granger causality test. Findings The fin

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Naifar, Nader. "Exploring the Dynamic Links between GCC Sukuk and Commodity Market Volatility." International Journal of Financial Studies 6, no. 3 (2018): 72. http://dx.doi.org/10.3390/ijfs6030072.

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This study investigates the impact of commodity price volatility (including soft commodities, precious metals, industrial metals, and energy) on the dynamics of corporate sukuk returns. Using a sample of sukuk indices from Gulf Cooperation Council (GCC) countries, we study the dynamic conditional correlation using a multivariate generalized autoregressive conditional heteroskedasticity dynamic conditional correlation (GARCH-DCC) process. Empirical results show a time-varying negative correlation between GCC sukuk returns and commodity prices. In fact, a negative conditional correlation among a

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Lin, Yu Cheng, Chyi Lin Lee, and Graeme Newell. "The significance of residential REITs in Japan as an institutionalised property sector." Journal of Property Investment & Finance 37, no. 4 (2019): 363–79. http://dx.doi.org/10.1108/jpif-03-2019-0036.

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PurposeResidential Real Estate Investment Trusts in Japan (residential J-REITs) have become an increasingly significant listed property sector recently. The purpose of this paper is to assess the effectiveness of residential J-REITs in a mixed-asset portfolio context in Japan by assessing the significance, risk-adjusted performance and portfolio diversification benefits of residential J-REITs over July 2006–August 2018. The ongoing property investment implications for residential J-REITs are also identified.Design/methodology/approachUsing monthly total returns, the risk-adjusted performance a

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Sulejmani, Artan, and Dragan Tevdovski. "How the Contagion is Transmitted to the Macedonian Stock Market? an Analysis of Co-Exceedances." South East European Journal of Economics and Business 17, no. 1 (2022): 1–13. http://dx.doi.org/10.2478/jeb-2022-0001.

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Abstract The aim of the paper is to analyze the transmission of shocks from selected developed and Southeastern European stock markets to the stock market of North Macedonia. Using the Bae, Karolyi, and Stulz (2003) co-exceedance methodology, we find that the probability of contagion from the stock markets of United States, Serbia and Bosnia and Herzegovina to the Macedonian stock market increased during the Global Financial Crisis. Regarding the asset classes, we show that contagion is positively associated with the volatility of Eurostoxx50 index, while negatively with the return of the euro

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Farshchian, Mohammad Mahdi, Gholamreza Heravi, and Simaan AbouRizk. "Optimizing the Owner’s Scenarios for Budget Allocation in a Portfolio of Projects Using Agent-Based Simulation." Journal of Construction Engineering and Management 143, no. 7 (2017): 04017022. http://dx.doi.org/10.1061/(asce)co.1943-7862.0001315.

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Lin, Yu-Cheng, Chyi Lin Lee, and Graeme Newell. "The added-value role of industrial and logistics REITs in the Pacific Rim region." Journal of Property Investment & Finance 38, no. 6 (2020): 597–616. http://dx.doi.org/10.1108/jpif-09-2019-0129.

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PurposeAs significant listed property investment vehicles, industrial and logistics REITs (I&L REITs) have recently enhanced their property portfolios, often replacing the traditional industrial properties with logistic properties to gain strategic exposure to recent e-commerce trends. This paper aims to assess the investment performance of I&L REITs by assessing the significance, risk-adjusted performance and portfolio diversification benefits of I&L REITs in the Pacific Rim region from July 2011 to December 2018. The strategic property investment implications for I&L REITs ar

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Ehtesham, Qurat Ul Ain, and Danish Ahmed Siddiqui. "Analyzing Stock-Bond Correlation in Emerging Markets." Research in Applied Economics 11, no. 3 (2019): 83. http://dx.doi.org/10.5296/rae.v11i3.15390.

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This study investigates stock-bond correlation in 17 countries of emerging markets during 2011 to 2018 using monthly price data. Data was analyzed using ARCH-LM test, GJR GARCH and Multivariate GARCH type Asymmetric DCC model. Findings of this paper revealed that sequence of return series are stationary containing white noise error, past return volatilities do not have the ability to predict future volatilities and conditional volatility is higher and negative momentum of the market increase the correlation of stock and bond in a country or vice versa and hence increase the diversification ben

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Sharafeldin, Noha, Hai Quang Pham, Long Hoang Nguyen, et al. "Global trends of COVID-19 research in cancer: A scientometric study." Journal of Clinical Oncology 39, no. 15_suppl (2021): e13549-e13549. http://dx.doi.org/10.1200/jco.2021.39.15_suppl.e13549.

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e13549 Background: The scientific literature experienced an unprecedented growth in archived pre-prints and peer-reviewed COVID-19 related publications with regional variations making the task of synthesizing the information burdensome. This study aims to characterize global patterns and domains of COVID-19 research in cancer. Methods: We used the NIH COVID-19 portfolio and Web of Science (WOS) curated databases to extract abstracts using standard search terms for COVID-19 and cancer between Nov 1 2019 and Dec 31 2020. A total of 21,325 publications matched the study search criteria (NIH: 18,0

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Stein, Michael. "German real estate funds: changes in return distributions and portfolio favourability." Journal of European Real Estate Research 7, no. 1 (2014): 87–111. http://dx.doi.org/10.1108/jerer-10-2013-0024.

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Purpose – Since 2008, the German open-ended real estate fund (GOEREF) industry has experienced a critical phase of suspensions of redemption of fund shares, announced fund terminations and, eventually, introduction of a new regulation. With assets under the management of over 80 billion, GOEREFs are the dominant indirect real estate investment vehicle in Germany. Thus, it is extremely important to study the effects of this crisis on the risk and return characteristics of the respective funds. The paper aims to discuss these issues. Design/methodology/approach – Both net asset values (NAVs) and

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Rehman, Mobeen Ur, and Xuan Vinh Vo. "Integration and volatility spillover amongst banks: a cross-correlation analysis." Journal of Economic and Administrative Sciences 39, no. 1 (2021): 203–24. http://dx.doi.org/10.1108/jeas-07-2020-0136.

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PurposeThe rising interconnectedness between international banks, at one end, allow participants to share risk and diversification which leads to stable local lending and increase in competitiveness, however, at the other end poses potential for volatility spillover and thereby contagion phenomena. Therefore, investigating the presence of co-integration amongst international banks can provide useful information about risk spillover in times of financial turbulenceDesign/methodology/approachThe authors employ wavelet correlation and wavelet multiple cross-correlation strategies, following an in

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Ercan, Harun, and İlhami Karahanoğlu. "A Wavelet Coherence Analysis: Contagion in Emerging Countries Stock Markets." Periodica Polytechnica Social and Management Sciences 27, no. 2 (2019): 99–107. http://dx.doi.org/10.3311/ppso.11512.

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This study aims to investigate the financial contagion during and after Greek Crisis to observe the impact on global economy. Financial contagion may affect the portfolio risk management, the formulation of monetary, fiscal policy, strategic asset allocation and pricing. To analyse the contagion after Greek Crisis, the co-movements of six stock exchange markets have been studied for an 8-year term. For this study between countries’ time series, bivariate wavelet technique called wavelet coherence is employed, and Matlab 2016a wavelet tool is used for the analysis. Daily closing prices of stock

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Sruthy Madhavan and S. Sreejith. "A Comparative Analysis on the Role and Market Linkages of Gold Backed Assets During COVID-19 Pandemic." Scientific Annals of Economics and Business 69, no. 3 (2022): 417–33. http://dx.doi.org/10.47743/saeb-2022-0019.

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Gold is a traditional favorite investment avenue for investors all over the globe, particularly during the crisis period. Irrespective of the nature of the crisis, investors are allocating their funds to different gold-backed assets. This paper uses various globally traded gold-backed assets to identify its role and market linkages during the Covid 19 pandemic. Daily prices of assets from March 2020 to January 2022 were employed. DCC GARCH model is used to ascertain time-varying correlations and quantile regression was employed to examine the relationship between assets in different quantiles.

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Hiang Liow, Kim. "The dynamics of return co-movements and volatility spillover effects in Greater China public property markets and international linkages." Journal of Property Investment & Finance 32, no. 6 (2014): 610–41. http://dx.doi.org/10.1108/jpif-06-2014-0039.

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Purpose – The purpose of this paper is to examine weekly dynamic conditional correlations (DCC) and vector autoregressive (VAR)-based volatility spillover effects within the three Greater China (GC) public property markets, as well as across the GC property markets, three Asian emerging markets and two developed markets of the USA and Japan over the period from January 1999 through December 2013. Design/methodology/approach – First, the author employ the DCC methodology proposed by Engle (2002) to examine the time-varying nature in return co-movements among the public property markets. Second,

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Luo, Rundong, Yan Li, Zhicheng Wang, and Mengjiao Sun. "Co-Movement between Carbon Prices and Energy Prices in Time and Frequency Domains: A Wavelet-Based Analysis for Beijing Carbon Emission Trading System." International Journal of Environmental Research and Public Health 19, no. 9 (2022): 5217. http://dx.doi.org/10.3390/ijerph19095217.

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This study aims to investigate the co-movement and lead–lag relationship between carbon prices and energy prices in the time–frequency domain in the carbon emission trading system (ETS) of Beijing. Based on wavelet analysis method, this study examines the weekly data on oil and natural gas prices and carbon prices in Beijing ETS from its establishment in November 2013 to April 2019. Empirical results show the following important findings: (1) Carbon and natural gas prices are mainly negatively correlated, with natural gas prices occupying a leading position in the 12–20 weeks frequency band, i

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Luo, Rundong, Yan Li, Zhicheng Wang, and Mengjiao Sun. "Co-Movement between Carbon Prices and Energy Prices in Time and Frequency Domains: A Wavelet-Based Analysis for Beijing Carbon Emission Trading System." International Journal of Environmental Research and Public Health 19, no. 9 (2022): 5217. http://dx.doi.org/10.3390/ijerph19095217.

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This study aims to investigate the co-movement and lead–lag relationship between carbon prices and energy prices in the time–frequency domain in the carbon emission trading system (ETS) of Beijing. Based on wavelet analysis method, this study examines the weekly data on oil and natural gas prices and carbon prices in Beijing ETS from its establishment in November 2013 to April 2019. Empirical results show the following important findings: (1) Carbon and natural gas prices are mainly negatively correlated, with natural gas prices occupying a leading position in the 12–20 weeks frequency band, i

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Tan, Celine. "Private Investments, Public Goods: Regulating Markets for Sustainable Development." European Business Organization Law Review 23, no. 1 (2022): 241–71. http://dx.doi.org/10.1007/s40804-021-00236-w.

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AbstractIn the new ecosystem for financing the sustainable development goals (SDGs), private actors are no longer passive bystanders in the development process, nor engaged merely as clients or contractors but as co-investors and co-producers in development projects and programmes. This ‘private turn’ in the financing of international development and other global public goods sees the enmeshment of public and private finance that brings aid and other forms of official development finance into sharp contact with regulatory regimes commonly associated with commercial investments, capital markets

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Saalfeld, Thomas. "Coalition Governance Under Chancellor Merkel's Grand Coalition: A Comparison of the Cabinets Merkel I and Merkel II." German Politics and Society 28, no. 3 (2010): 82–102. http://dx.doi.org/10.3167/gps.2010.280305.

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A comparison of the 2005-2009 cabinet Merkel I (the “Grand“ Coalition) and the Christian Democrat-Liberal coalition cabinet Merkel II formed in 2009 presents an interesting puzzle. Political commentators and coalition theorists alike would have expected the CDU/CSU-SPD coalition to experience a relatively high, and the CDU/CSU-FDP coalition a relatively low level of overt inter-party conflict. In reality, however, relations in the CDU/CSU-FDP coalition were relatively conflictive, whereas the Grand Coalition seemed to manage conflict between reluctant partners successfully. This article seeks

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McDade, Kaci Kennedy, Paige Kleidermacher, Gavin Yamey, and Wenhui Mao. "Estimating Chinese bilateral aid for health: an analysis of AidData’s Global Chinese Official Finance Dataset Version 2.0." BMJ Global Health 7, no. 12 (2022): e010408. http://dx.doi.org/10.1136/bmjgh-2022-010408.

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BackgroundAlthough it is difficult to quantify, previous estimates suggested that China’s global health aid has increased sharply since the early 2000s. Unlike many donors, China has no official aid reporting obligations, nor does it voluntarily disclose detailed aid information. Our study aimed to create a standardised estimate using commonly accepted definitions of aid and frameworks for categorising health projects.MethodsWe categorised AidData’s Chinese Official Finance Dataset health-related projects according to health aid frameworks from the Organisation for Economic Co-operation and De

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Weston, Rae, and Guy Ford. "Optimal Portfolio Allocations For Global Bank Stocks In Local Currencies And Us Dollars 1992-2001." International Business & Economics Research Journal (IBER) 2, no. 11 (2011). http://dx.doi.org/10.19030/iber.v2i11.3859.

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In this paper we examine the optimal composition of global portfolios of bank stocks, expressed in both local currencies and in US dollar terms, over the period January 1992 to June 2001. We estimate optimal global bank stock portfolios using two covariance optimisation algorithms the Markowitz expected return/variance algorithm (MPT), and the Elton, Gruber and Padberg average correlation algorithm (EGP) and compare the composition and performance of these portfolios with a portfolio comprising equally-weighted bank stocks. Our study also includes measures of skewness and kurtosis, and risk ad

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Oliva, Immacolata, and Ilaria Stefani. "Co-jumps and recursive preferences in portfolio choices." Annals of Finance, February 16, 2023. http://dx.doi.org/10.1007/s10436-023-00425-2.

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AbstractThis paper investigates a multivariate, dynamic, continuous-time optimal consumption and portfolio allocation problem when the investor faces recursive utilities. The economy we are considering is described through both diffusion and discontinuities in the dynamics. We derive an approximated closed-form solution to optimal rules by exploiting standard dynamic programming techniques. Our findings are manifold. First, we obtain dynamic optimal weights, inversely proportional to volatility. Second, we show that both co-jumps frequency and intensity play a crucial role, as they considerabl

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Donadelli, Michael, Lorenzo Prosperi, Federica Romei, and Federico Silvestri. "Movements and Co-Movements Across European Asset Classes: Portfolio Allocation and Policy Implications." SSRN Electronic Journal, 2012. http://dx.doi.org/10.2139/ssrn.2201855.

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Mariani, Francesca, Gloria Polinesi, and Maria Cristina Recchioni. "A tail-revisited Markowitz mean-variance approach and a portfolio network centrality." Computational Management Science, January 20, 2022. http://dx.doi.org/10.1007/s10287-022-00422-2.

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AbstractA measure for portfolio risk management is proposed by extending the Markowitz mean-variance approach to include the left-hand tail effects of asset returns. Two risk dimensions are captured: asset covariance risk along risk in left-hand tail similarity and volatility. The key ingredient is an informative set on the left-hand tail distributions of asset returns obtained by an adaptive clustering procedure. This set allows a left tail similarity and left tail volatility to be defined, thereby providing a definition for the left-tail-covariance-like matrix. The convex combination of the

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Musneh, Rapheedah, Mohd Rahimie Abdul Karim, and Caroline Geetha A/P Arokiadasan Baburaw. "Liquidity risk and stock returns: empirical evidence from industrial products and services sector in Bursa Malaysia." Future Business Journal 7, no. 1 (2021). http://dx.doi.org/10.1186/s43093-021-00106-4.

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AbstractThis study investigates the impact of liquidity risk on stock returns of 149 firms in the industrial products and services sectors of Bursa Malaysia from January 2000 to December 2018 with a monthly frequency dataset. This study employed the two-stage standard procedures in asset pricing to estimate the significant effect of liquidity risk on industrial products and services stock returns. The results show that the investors require liquidity premium for stocks whose illiquidity co-moves with market illiquidity and market return while shifting their investment to liquid stocks when the

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Makeham, Paul Benedict, Bree Jamila Hadley, and Joon-Yee Bernadette Kwok. "A "Value Ecology" Approach to the Performing Arts." M/C Journal 15, no. 3 (2012). http://dx.doi.org/10.5204/mcj.490.

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In recent years ecological thinking has been applied to a range of social, cultural, and aesthetic systems, including performing arts as a living system of policy makers, producers, organisations, artists, and audiences. Ecological thinking is systems-based thinking which allows us to see the performing arts as a complex and protean ecosystem; to explain how elements in this system act and interact; and to evaluate its effects on Australia’s social fabric over time. According to Gallasch, ecological thinking is “what we desperately need for the arts.” It enables us to “defeat the fragmentary a

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Glover, Stuart. "Failed Fantasies of Cohesion: Retrieving Positives from the Stalled Dream of Whole-of-Government Cultural Policy." M/C Journal 13, no. 1 (2010). http://dx.doi.org/10.5204/mcj.213.

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In mid-2001, in a cultural policy discussion at Arts Queensland, an Australian state government arts policy and funding apparatus, a senior arts bureaucrat seeking to draw a funding client’s gaze back to the bigger picture of what the state government was trying to achieve through its cultural policy settings excused his own abstracting comments with the phrase, “but then I might just be a policy ‘wank’”. There was some awkward laughter before one of his colleagues asked, “did you mean a policy ‘wonk’”? The incident was a misstatement of a term adopted in the 1990s to characterise the policy w

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Burns, Alex. "Oblique Strategies for Ambient Journalism." M/C Journal 13, no. 2 (2010). http://dx.doi.org/10.5204/mcj.230.

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Alfred Hermida recently posited ‘ambient journalism’ as a new framework for para- and professional journalists, who use social networks like Twitter for story sources, and as a news delivery platform. Beginning with this framework, this article explores the following questions: How does Hermida define ‘ambient journalism’ and what is its significance? Are there alternative definitions? What lessons do current platforms provide for the design of future, real-time platforms that ‘ambient journalists’ might use? What lessons does the work of Brian Eno provide–the musician and producer who coined

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