212 research outputs found

    Investor attention and Portuguese stock market volatility: we’ll google it for you!

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    The importance of investor attention in financial markets is well established on a theoretical level (e.g. Merton, 1987; Hirshleifer and Teoh, 2003; Sims, 2003), and several proxies for investor attention have already been proposed (e.g. Barber and Odean, 2008). More recently, Da et al. (2014) conducted one of the first studies to incorporate Internet search behaviour as a proxy for retail investors’ attention allocation. This approach recognises that the Internet has become a mainstream platform for the production, intermediation and consumption of information in the financial industry. Search engines are an intuitive research tool that provides access to huge amounts of information at a negligible cost. Investors consider information attention a valuable cognitive resource (Zhang et al., 2013), and investors who pay attention to stock or market indices habitually search for new information about them. Weng et al. (2018) maintain that Google search data, in particular, capture traders’ collective interest.info:eu-repo/semantics/publishedVersio

    DIFFERENCES AT THE IMPULSE PHASE FOR THE FRONT SOMERSAULT ON FLOOR EXERCISE AND ON DIFFERENT TRAMPOLINES

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    The front somersault (FS) on the floor and on the trampoline has been described by several authors, but there are no studies that compare their execution on different apparatuses. Considering that, once airborne, the actions on the trampoline are identical to those for a FS on the floor except that the gymnast has more time at his disposal to perform these actions (Hay, 1978). The present study was designed to analyse only the impulse phase of the FS executed on the floor, trampoline, mini-trampoline and double minitrampoline. On the floor, the double mini-trampoline and mini-trampoline, the somersault is preceded by a small run and a jump to prepare the impulse on both feet. On the trampoline there is no run and the gymnast needs to take off and land on the same spot. The purpose of this study was to verify possible differences in body positioning during the impulse phase of the front somersault on different apparatuses

    Dimensions of football stadium and museum tour experiences: The case of Europe’s most valuable brands

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    In the context of football’s globalisation, some of the most important football clubs (FCs) can currently be classified as ‘entertainment multinationals’. Sport hospitality provides opportunities to maximise club stadiums’ use so that they can increase clubs’ annual turnover and function as branding platforms. This study sought to identify the main narratives shared online about—and the dimensions of—visitors’ experiences with top football brands in stadium tours. The data collected for this research comprised 400 text reviews for 10 European FCs’ stadiums (i.e., 4000 reviews) written by visitors in the post-experience phase. Content analysis of these Web reviews was conducted using Leximancer software. The results confirm the existence of 15 themes: fan, tour, stadium, team, museum, room, staff, game, (best) place, ticket, seating, recommend(ation), food, shop and attraction. Most researchers have examined stadium tours from a supply-side perspective. The present study’s aim was, therefore, to contribute to the existing literature by analysing stadium tours’ dimensions from the visitors’ point of view. Stadium tours and museum visits are important sources of revenue that contribute to FCs’ economic sustainability. Offering outstanding customer experiences is thus of utmost importance to maximise club stadiums’ usage and strengthen fans’ engagement.info:eu-repo/semantics/publishedVersio

    Effects of personal, social and environmental factors on physical activity behavior among adults

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    Despite the guidelines and the well-recognized benefits of regular physical activity, there is evidence that a large number of people is still reported to be inactive. Therefore, the need for interventions that can promote a healthier behavior has increased. As an understanding of the determinants of physical activity behavior by health professionals is an important prerequisite to designing effective interventions, studies on the identification of the determinants of physical activity are warranted. The purpose of this work is to review and update the research on determinants underlying physical activity behaviour in adults and to provide an overview of physical activity patterns among adult populations. The findings highlight the need for an evaluation of the interactive effects of psychosocial, cultural, environmental and public policy influences on physical activity forging a trans-disciplinary paradigm

    Análise dos principais determinantes do empreendedorismo em Portugal

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    Without question, entrepreneurship is present in all spheres of our lives, especially in economic and social areas. This field is significant in the development of societies and is also considered a useful tool in promoting innovation and job creation in many countries. For this reason, it needs to be promoted as a central component of economic growth. As a result, the creation of new businesses or projects and the promotion of self-employment have been stimulated by public and private organisations. The goal of this research is to determine what triggers individuals to be actively involved in entrepreneurial activity in the initial phases, based on a survey by Global Entrepreneurship Monitor conducted in Portugal, in 2012. The results of this analysis revealed that early-stage entrepreneurial activity is associated with younger (25–34 years old) males, who have a medium to higher level of household income, as well as diplomas. They are self-employed, and they have loose ties to other entrepreneurs. They perceive themselves as possessing entrepreneurial skills and have a low level of perceived risk and a positive personal attitude towards individual innovation.info:eu-repo/semantics/publishedVersio

    ICObench ratings and Initial Coin Offerings’ success

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    Initial coin offerings (ICOs)–commonly referred to as token sales or token offerings– are assisted by blockchain technology. This financing tool helps entrepreneurs finance early-stage ventures on a decentralized, global scale. Researchers have previously called for more research to be carried out vis-à-vis the role of information intermediaries in the ICO ecosystem. The main goal of this study was to analyze the correlation between ICO ratings and the financing success of ICOs. As a result, secondary microdata on 5,581 ICOs were collected from the ICObench website. The results reveal that ICO ratings issued by third parties have a positive influence on the fundraising campaign of these offerings. ICO ratings thus appear to function as an effective signal to buyers and to reduce information asymmetry between sellers and investors.info:eu-repo/semantics/publishedVersio

    Understanding the private label prone shopper of yogurts

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    High tech meets high touch in upscale hotels

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    Purpose: This paper presents an analysis of the impact of current technologies on customer experiences in upscale hotels and assesses the potential of the latest technologies for enhancing customers’ stay. Design/methodology/approach: A two-step approach was applied in this study. The qualitative phase included an examination of upscale hotel websites, interviews with hotel managers and an internet search regarding the latest technological innovations in hotels. In the quantitative stage, a questionnaire was developed for hotel guests, generating a sample of 310 valid completed questionnaires. Findings: The results reveal that hotel guests value digital involvement in their hotel experience. Moreover, business travellers and younger generations give greater importance to latest technologies. Originality/value: This study analyses the most innovative technologies, providing guidance for hoteliers wishing to upgrade or implement new technologies. Based on the findings, hoteliers can achieve greater differentiation by offering the most important and latest technology to guests, enhancing their experience and attracting new customers, which can potentially lead to increased revenues. The study’s results are also important because they include the perceptions of both managers and customers.info:eu-repo/semantics/submittedVersio

    Initial coin offerings (ICOs): Why do they succeed?

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    Recent literature has addressed initial coin offering (ICO) projects, which are an innovative form of venture financing through cryptocurrencies using blockchain technology. Many features of ICOs remain unexplored, leaving much room for additional research, including the success factors of ICO projects. We investigate the success of ICO projects, with our main purpose being to identify factors that influence a project’s outcome. Following a literature review, from which several potential variables were collected, we used a database comprising 428 ICO projects in the banking/financial sector to regress several econometric models. We confirmed the impacts of several variables and obtained particularly valuable results concerning project and campaign variables. We confirmed the importance of a well-structured and informative whitepaper. The proximity to certain markets with high availability of financial and human capital is also an important determinant of the success of an ICO. We also confirm the strong dependency on cryptocurrency and the impact of cryptocurrency valuations on the success of a project. Furthermore, we confirm the importance of social media in ICO projects, as well as the importance of human capital characteristics. Our research contributes to the ICO literature by capturing most of the success factors previously identified and testing their impacts based on a large database. The current research contributes to the building of systems theory and signaling theory by adapting their frameworks to the ICO environment. Our results are also important for regulators, as ICOs are mainly unregulated and have vast future potential, and for investors, who can benefit from our analysis and use it in their due diligence.info:eu-repo/semantics/publishedVersio

    Human capital's importance in Initial Coin Offerings' (ICOs) success

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    The Initial Coin Offerings (ICOs) are an emerging topic in the literature with several gaps still to fulfill. The ICOs have increased its importance not only due to the interest they have been raising but also due to the capital amounts involved in the projects, the innovative solutions they offer and the challenges they pose to regulators. There is some research on the ICOs' success factors but there is still no common measure of success as well as not many researches focused on the human capital importance for the projects success. In our research we will perform a literature review on the ICOs' topic and develop an econometric model with a database composed by 3158 profiles and 340 ICO projects in the banking/financial sector. We will be focusing on the human capital importance in these projects and propose three measures for project's success. With our research we intend to complement the literature on the ICOs projects and shed some light on the factors driving their success.info:eu-repo/semantics/publishedVersio
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