Domestic Value Added of Chinese Brand Mobile Phones

In this paper, we evaluate the domestic value added of Chinese brand mobile phones using the teardown data of two sample phones: Xiaomi MIX 2 and OPPO R11s. For calculation of the distribution of value added by country, we adopt two benchmarks: production cost and retail price. In terms of the production cost of the sample phones, which consists of bill of materials, manufacturing cost and royalty, Chinese domestic value added embedded in the MIX 2 is 15.4% and 16.7% in the R11s. The teardown analysis reveals that no indigenous Chinese firms are involved in the manufacture of the printed circuit board assembly, which explains the relatively low Chinese domestic value added. Using retail price to measure total value added, we find that the domestic value added of the MIX 2 to be 41.7% while that of the R11s to be 45.3%. The cost of retail services and gross marginal profits contribute most to the increase, which implies that nurturing mobile phone brands has not only enabled the Chinese mobile phone industry to move up ladder of value chains, but also to improve domestic value added.JEL Classification Codes: L63, F23http://www.grips.ac.jp/list/jp/facultyinfo/xing_yuqing

DATA MINING TWITTER TO PREDICT STOCK MARKET MOVEMENTS

Abstract: In this paper we apply sentiment analysis of Twitter data from July through December, 2013 to find correlation between users’ sentiments and NASDAQ closing price and trading volume. Our analysis is based on the Affective Norms for English Words (ANEW). We propose a novel way of determining weighted mood level based on PageRank algorithm. We find that sentiment data is Granger-causal to financial market performance with high degree of significance. “Happy” and “sad” sentiment variables’ lags are strongly correlated with closing price and “excited” and “calm” lags are strongly correlated with trading volume

Experimental learning in the arts

Includes bibliographical references. Title from coverAvailable from British Library Document Supply Centre- DSC:3597. 8907(no 34) / BLDSC - British Library Document Supply CentreSIGLEGBUnited Kingdo

Lost in the Store: Assessing the Confusion Potential of Store Environments

Confusion in retailing has attracted increasing attention in the literature. Most of the extant studies concentrate on product-related confusion or the mental state retail shopper confusion. Nevertheless, several recent studies have emphasized the relevance of exploring confusion as an objective property of the store environment. Drawing on this literature stream, the present research conceptualizes the construct store environmental confusion and its six formative dimensions, of which each can be measured through two environmental properties: complexity and conflict. This research seeks to develop, validate, and test a parsimonious index for store environmental confusion. The predictive and nomological validity of the store environmental confusion index is assessed by structural equation modelling and results confirm the hypothesis that store environmental confusion produces undesirable consumer intentions. This research is the first to quantitatively assess the confusion potential of different design factors. The resulting store environmental confusion index can be used to evaluate the confusion potential of various store environments, thereby helping retailers provide customers with a clear and non-confusing store design.© The Author(s) 201

One color fits all: product category color norms and (a)typical package colors

Despite the growing amount of research on different aspects of product package design, there is lack of empirical evidence with regard to how package color perceptions may influence consumer preferences. Based on categorization theory, the present paper explores responses to package colors that conform or do not conform to product category color norms. Results of two experiments show that atypical package colors implicate negative consequences to the brand. Findings indicate that perceived package color atypicality increases consumers’ skepticism and, contrary to expectations, decreases interest. These affective reactions negatively influence consumers’ product attitude which subsequently translates into lower purchase intention. The results provide important insights for theory and practice.© The Author(s) 201

Research and Development Expenditures and Subsidies, Firm Productivity, Employment Creation and Survival, 1997-2012: Secure Access

Abstract copyright UK Data Service and data collection copyright owner.The Research and Development Expenditures and Subsidies, Firm Productivity, Employment Creation and Survival study includes four datasets on firm Research and Development compiled from Office for National Statistics business datasets also held separately by the UK Data Archive. The four study datasets are:Research and Development and firm employment creationResearch and Development and firm productivitysubsidies and Research and Development expendituresResearch and Development and firm survivalAll four datasets contain data on UK firms from 1997 to 2012 across all sectors. The employment-related dataset and the productivity-related dataset were both obtained by merging the Business Expenditure on Research and Development database (BERD) (SN 6690) and the Annual Respondents Database (ARD) (SN 6644)/Annual Business Survey (ABS) (SN 7451). Both files contain data on different types of Research and Development expenditures and firm level indicators such as: capital stock, knowledge capital stock and full-time equivalent employment. The files also include knowledge spillover indicators. The employment-related dataset also includes wages and sector level indicators such as the Herfindahl index and Pavitt classes. The subsidies-related dataset and survival-related datasets were both obtained by merging the BERD database and the Business Structure Database (BSD) (SN 6697). The files contain data on demographic variables and different types of Research and Development expenditures. Firm level indicators such as the Herfindahl index and Pavitt classes are also included. The subsidies-related dataset also includes data on salaries and on the sources of Research and Development funding (from central government and EU sources). Main Topics:The key variables in this study include:Research and Development expenditureResearch and Development intensitypublic subsidies on Research and Development investmentphysical capital stockknowledge capital stockwagesemploymentforeign ownershipfirm entryfirm exitturnover and value-addedmarket concentrationPavitt classes</ul

How Different Exchange Rate Regimes affect Foreign Direct Investment Flows, 1980-2003

Abstract copyright UK Data Service and data collection copyright owner.This ESRC-funded project empirically investigated the impact of different exchange rate regimes upon bilateral foreign direct investment (FDI) flows. Using panel data from 27 Organisation for Economic Co-operation and Development (OECD) and non-­OECD high income countries for the period 1980 through to 2003, and drawing from three different classifications of exchange rate regimes, the researchers found that a currency union is the policy framework most conducive to cross-border investment. Being a member of European Economic and Monetary Union (EMU) also appeared to spur greater FDI flows with countries floating their currency vis-à-vis the default regime of a ‘double-float’. For country-pairs fixing or pegging their currency to each other, the impact on FDI flows was found to be negative in most specifications and so was the effect on FDI flows of country-pairs’ regime combinations involving one country fixing its currency and the other floating or being a member of EMU. The dataset includes 35 series and 8,016 observations. The data are presented in the form used for estimation. A full description of the variables used and the sources from which they are taken is available in the documentation. The dataset consists of series for the total level of real-bi-lateral FDI flows between two countries, a large set of economic determinants and three datasets that are used to classify the bi-lateral exchange rate regime. Further information can be found on the ESRC How do different exchange rate regimes affect foreign direct investment flows? award webpage. Main Topics:The database covers:exchange rate regimesforeign direct investment</ul

The distortion principle for insurance pricing: properties, identification and robustness

Distortion (Denneberg in ASTIN Bull 20(2):181–190, 1990) is a well known premium calculation principle for insurance contracts. In this paper, we study sensitivity properties of distortion functionals w.r.t. the assumptions for risk aversion as well as robustness w.r.t. ambiguity of the loss distribution. Ambiguity is measured by the Wasserstein distance. We study variances of distances for probability models and identify some worst case distributions. In addition to the direct problem we also investigate the inverse problem, that is how to identify the distortion density on the basis of observations of insurance premia.© The Author(s) 201

Methods of Studying Economic Decisions in Private Households

Research on joint decision-making processes in households is particularly relevant for marketing, especially for understanding who decides what to buy in purchasing decisions and how decision processes evolve. However, the investigation of such complex processes requires adequate research methods to account for the dynamics in close relationships. We provide a critical overview of past research in the arena of economic decision-making among couples, concentrating on methodological issues. After describing different types of decisions we proceed by describing findings on interaction dynamics, including the nature and occurrence of conflicts. In reviewing relationship structures we focus on the dimensions of harmony and power. The descriptive process model utilized includes the partners’ use of influence tactics, as well as the emergence of utility debts at the end of a decision-making process. Reviewing the adequacy of various research methods, observational and survey techniques are discussed as conventional psychological research methods. The Vienna Partner Diary is introduced as novel method and suggested as being useful for collecting data on the complex interaction processes in the everyday life of couples