Identifying asset price booms and busts with quantile regressions

This paper presents a methodology for detecting asset price booms and busts using non-parametric quantile regressions. The method consists in estimating the distribution of real stock prices as a function of fundamental determinants of stock returns, namely real economic activity and real interest rates. It is shown that changes in fundamentals affect not only the location but also the shape of the conditional distribution of stock prices. Asset price booms and busts are identified as realizations on the tails of that distribution. Then we use several indicators to analyse the behaviour of money and credit around the boom and bust episodes.

Identification with Averaged Data and Implications for Hedonic Regression Studies

In this estimation of models with averaged data, weighted least squares is often used and recommended as a way of improving the efficiency of the estimator. However, if the size of the different groups is not conditionally independent of the regressand, consistent estimation may not be possible at all. It is argued that in the case of some leading examples of averaged data regression, consistent estimation is possible using the usual weighted estimator.

Business Model Generation: A handbook for visionaries, game changers and challengers

The book entitled “Business Model Generation: A Handbook for visionaries, game changers and challengers” though written by Osterwalder and Pigneur (2010) was also co-created by 470 practitioners from 45 countries. The book is thus a good example of how a global creative collaboration effort can contribute positively to the business and management literature and subsequently to the advancement of society. The book "Business Model Generation" has both narrative and visual detail. Before proceeding to do an in-depth review of “Business Model Generation” we first looked at other publications by the authors which led up to the book

Producing innovation: Comments on Lee and Yu (2010)

The purpose of the article being reviewed (Lee and Yu, 2010), a survey by questionnaire with 182 valid responses, is to analyze “how different relationship styles of employees in the hi-tech industry influence innovation performance” and indeed its conclusions are that “the relationship style of an organization has a significant positive effect on innovation performance”. We see Lee and Yu (2010) as being similar to another highly cited article by Morgan and Hunt in so far as both articles are about relationships, cooperation and trust

Facilitating qualitative research in business studies - Using the business narrative to model value creation

This is a conceptual paper supported by empirical research giving details of a new Business Narrative Modelling Language (BNML). The need for BNML arose given a growing dissatisfaction with qualitative research approaches and also due to the need to bring entrepreneurs, especially those with little training in management theory, closer to the academic (as well as practitioner) discussion of innovation and strategy for value creation. We aim primarily for an improved communication process of events which can be described using the narrative, in the discussion of the value creation process. Our findings, illustrated through a case study, should be of interest to both researchers and practitioners alike

JaSkel: a java skeleton-based framework for structured cluster and grid computing

This paper presents JaSkel, a skeleton-based framework to develop parallel and grid applications. The framework provides a set of Java abstract classes as a skeleton catalogue, which implements recurring parallel interaction paradigms. This approach aims to improve code efficiency and portability. It also helps to structure scalable applications through the refinement and composition of skeletons. Evaluation results show that using the provided skeletons do contribute to improve both application development time and execution performanceFundação para a Ciência e a Tecnologia (FCT) - PPC-VM Project(POSI/CHS/47158/2002); Project SeARCH (contract REEQ/443/2001)

PEANOW Prevalence study of abuse and violence against older women: literature review (Israel)

The present paper pretends to identify, describe and compare the prevalence studies of elder abuse and neglect developed in Israel. The research method used international databases and specific keywords to develop the research. Results show the dominance of communitarian 2 setting in elderly abuse and neglect studies and a comprehensive approach to specific populations (Arab-Israeli, Jewish). The results indicate lower levels of prevalence of abuse and neglect (2.5% and 0.5%) when local sample are considered, whereas when the national survey is taken into account, higher prevalence indices of abuse (18%) and even higher of neglect (26%) can be observed. Emotional / psychological abuses, followed by neglect, were the prevalent forms of abuse. All instruments employed were purposely designed for the different studies through research of international literature. In conclusion, several characteristics of the abused elders and perpetrators do encountered what has been found in other developed countries revealing that family is probably the primary setting where elderly abuse and neglect takes place.Daphne III, University of Minho