Macroeconomic risk factors in Australian commercial real estate, listed property trust and property sector stock returns: A comparative analysis using GARCH-M

This paper employs a Generalised Autoregressive Conditional Heteroskedasticity in Mean (GARCH-M) model to consider the effect of macroeconomic factors on Australian property returns over the period 1985 to 2002 Three direct (office, retail and industrial property) and two indirect (listed property trust and property stock) returns are included in the analysis, along with market returns, short, medium and long-term interest rates, expected and unexpected inflation, construction activity and industrial employment and production. In general, the macroeconomic factors examined are found to be significant risk factors in Australian commercial property returns. However, the results also indicate that forecast accuracy in these models is higher for direct office, listed property trust and property stock returns and that the persistence of volatility shocks varies across the different markets, with volatility half lives of between five and seven months for direct retail and industrial property, two and three months for direct office property and less than two months with both forms of indirect property investment

Cognitive appraisal of dissertation stress among undergraduate students

The present study examined changes in primary and secondary appraisal, and coping strategies utilized in the final weeks leading to dissertation submission. Sixty volunteer Sports Studies dissertation students (male: n = 29; female: n = 31) completed an adapted Cognitive Appraisal of Health Scale (CAHS: Kessler, 1998), and Brief COPE (Carver, Scheier, & Weintraub, 1989) on 4 occasions over the 6 weeks before dissertation submission. Repeated measures multivariate analysis of variance indicated a significant main effect for gender, with no main effect for changes over time and no significant interaction effect. Results demonstrated that males perceived the dissertation to be significantly more threatening and iess challenging than females. With regard to coping, males used more active coping, positive reframing, planning, and acceptance of the stressor, with lower scores for self-blame, venting of emotions, and behavioral disengagement. The results suggest that, for this student population, the dissertation did not become increasingly stressful in the period before submission. Clear relationships were also evidenced between primary appraisal, secondary appraisal, and coping. Future research should seek to identify factors that moderate the influence of situational stressors on coping responses among undergraduate students

Macroeconomic risk factors in Australian commercial real estate, listed property trust and property sector stock returns: A comparative analysis using GARCH-M

This paper employs a Generalised Autoregressive Conditional Heteroskedasticity in Mean (GARCH-M) model to consider the effect of macroeconomic factors on Australian property returns over the period 1985 to 2002. Three direct (office, retail and industrial property) and two indirect (listed property trust and property stock) returns are included in the analysis, along with market returns, short, medium and long-term interest rates, expected and unexpected inflation, construction activity and industrial employment and production. In general, the macroeconomic factors examined are found to be significant risk factors in Australian commercial property returns. However, the results also indicate that forecast accuracy in these models is higher for direct office, listed property trust and property stock returns and that the persistence of volatility shocks varies across the different markets, with volatility half lives of between five and seven months for direct retail and industrial property, two and three months for direct office property and less than two months with both forms of indirect property investment.Property returns; listed property trust, property stocks, market risk; interest rate risk; industrial

The system of the mbira

The existence of a harmonically-based system of the mbira in Africa should be of great interest in itself, in comparison with modern African musical preferences, and for Afro-American music studies, where the blues sequence is another highly generative harmonic system. It demonstrates a unique method of getting harmonically “from here to there”, and offers an almost endless potential for Shona composers. In fact, the special tinge, the appeal, of modern Shona popular, church and school music comes in large part from the principles of the system which fortunately persist even when composers are working in Western harmony.This is a re-edited and updated version of the paper presented at the 7th Symposium on Ethnomusicology (Venda University) in 1988, published by ILAM in “Papers presented at the 7th and 8th Symposiums in Ethnomusicology” (1989). It is reproduced here because of the worldwide interest which has developed in mbira and its system in recent decades

Moving London : Pageantry and Performance in the Early Modern City

Acknowledgements We would like to acknowledge the contribution of all those who participated in the SAA2019 seminar, ‘London as a theatrical space’. We are immensely grateful to all the contributors to this special issue for their work on this project through such a difficult time. This special issue would not have been possible without the labour of the anonymous reviewers and the immense help of Charlie Turpie at The London Journal who saw this project through its formative stages, and of Aidan Norrie who came on board near the end.Peer reviewedPostprin

Employers Should Owe a Duty of Loyalty to Their Workers

An employee’s overarching legal commitment to his or her employer is commonly known as the “duty of loyalty.” This lopsided duty of loyalty exacerbates the inordinate power that employers possess over their workers. We propose that the duty of loyalty owed by workers to their employers be made reciprocal: employers should also owe a general duty of loyalty and care towards their employees