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Article
Publication date: 1 November 2024

Christopher Cain, Daniel Huerta, Norman Maynard and Bennie Waller

This paper aims to investigate the effect of the COVID-19 pandemic market shock on house pricing, time-on-market (TOM) and probability-of-sale functions using local multiple…

Abstract

Purpose

This paper aims to investigate the effect of the COVID-19 pandemic market shock on house pricing, time-on-market (TOM) and probability-of-sale functions using local multiple listing service data from Richmond, Virginia, USA.

Design/methodology/approach

The empirical analyses use a two-stage residual inclusion model to simultaneously address endogeneity and nonlinearity in modeling sales price and TOM, and a Heckman two-stage procedure to account for sample selection bias in estimating the probability-of-sale.

Findings

The pandemic shock not only directly impacted average home prices, TOM and probability-of-sale, but it also caused the coefficients of some of the factors that influence these metrics to change while others were stable to the exogenous shock of the pandemic. The authors find that coefficients in the hedonic pricing, TOM and probability-of-sale models did not shift instantaneously; instead, the impact evolved over several months at the beginning of the pandemic until stabilization.

Originality/value

The results should be of interest to buyers and sellers of residential properties, agents specializing in residential properties and researchers looking to better capture the impact of exogenous events on housing prices and buyer preferences.

Details

International Journal of Housing Markets and Analysis, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1753-8270

Keywords

Open Access
Article
Publication date: 17 May 2023

Jurica Lucyanda and Mahfud Sholihin

This research aims to study budgetary slack from a behavioural perspective, especially examining the effect of gender and code of ethics on budgetary slack ethical judgment.

2417

Abstract

Purpose

This research aims to study budgetary slack from a behavioural perspective, especially examining the effect of gender and code of ethics on budgetary slack ethical judgment.

Design/methodology/approach

This study adopts the experimental method of 2 × 3 between-subjects mixed factorial design with 102 participants to test the hypotheses. The participants are undergraduate and postgraduate accounting students at a major university in Indonesia.

Findings

The results show that gender affects budgetary slack ethical judgment, in which women judge budgetary slack as more unethical than men. Additionally, the results indicate that individuals consider budgetary slack more unethical when a code of ethics is present than when it is absent.

Originality/value

This study contributes to the management accounting literature and behavioural research by understanding budgetary slack from an ethical perspective. Additionally, this study contributes to ethics literature by identifying the effect of gender and code of ethics on budgetary slack righteous judgment.

Details

Journal of Economics, Finance and Administrative Science, vol. 28 no. 56
Type: Research Article
ISSN: 2077-1886

Keywords

Article
Publication date: 1 December 2004

Nigel Jackson

Members of Parliament (MPs) want to communicate their ideas, messages and activities to their constituents. Within the modern political campaigning era the central party…

723

Abstract

Members of Parliament (MPs) want to communicate their ideas, messages and activities to their constituents. Within the modern political campaigning era the central party organisation has dominated most political communication through its control of national media management. As a result many MPs have sought to reach constituents via their local media. The rise of the post‐modern era has encouraged many MPs to consider unmediated communication via the internet. E‐newsletters represent a mechanism by which MPs can reduce their reliance on party hierarchies and journalists to communicate with constituents. This article will look at the growth of e‐newsletters, and whether certain factors make some MPs more likely than others to provide an e‐newsletter. The findings suggest that e‐newsletters are a slow‐moving bandwagon, with MPs in marginal seats and certain parties more likely to hop on, but that MPs have not yet escaped from the straitjacket of the centrally controlled campaign.

Details

Aslib Proceedings, vol. 56 no. 6
Type: Research Article
ISSN: 0001-253X

Keywords

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