Haitao Wang, Jiayu Shen and Da Gao
Abutment damage in liquefied ground is an important form of seismic damage of bridge structure. This paper aims to further research the effect of beam restriction on seismic…
Abstract
Purpose
Abutment damage in liquefied ground is an important form of seismic damage of bridge structure. This paper aims to further research the effect of beam restriction on seismic damage mode of abutment in liquefied ground.
Design/methodology/approach
Based on the investigation of the seismic damage of Shengli Bridge in Tangshan earthquake, the finite element software dynamic effective stress analysis for ground (UWLC) is used to simulate the seismic damage of Shengli Bridge, and the results were compared with the actual seismic damage results. Then, the influences of the horizontal binding force of the beam, the liquefaction layer thickness, the top weight of the abutment, the peak acceleration, the liquefaction layer buried depth and the type of the foundation soil on the abutment seismic damage model are studied.
Findings
The results show that numerical simulation results are consistent with the actual seismic damage, and it is feasible to use UWLC software to simulate seismic damage. The results show that the seismic failure mode of the gravity abutment in liquefied ground is slip–rotation coupling type, not single slip type or rotation type. The large deformation of abutment bottom layer, horizontal binding force of the beam and post-stage soil pressure are the main reasons for abutment rotation or even destruction.
Research limitations/implications
A series of basic assumptions are used in the calculation process in this paper. The gravity abutment is defined as the elastic body and neglects its local deformation. The soil layer is a homogeneous isotropic. The consolidation process and the drainage boundary problem are not considered in the calculation process. Therefore, the paper may have some limitations.
Originality/value
To further research the seismic damage mode and influencing factors of abutment in liquefied ground, in this paper, based on the investigation of the seismic damage of Shengli Bridge in Tangshan earthquake, the finite element software UWLC is used to simulate the seismic damage of Shengli Bridge, and the results were compared with the actual seismic damage results. The seismic damage mode and influencing factors of gravity abutment in liquefied ground have been studied.
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Nadia Shakira Nasr and Taufik Faturohman
This study examines the relationship between the Search Volume Index (SVI) and stock return during the COVID-19 pandemic. SVI shows how many people search for a particular query…
Abstract
This study examines the relationship between the Search Volume Index (SVI) and stock return during the COVID-19 pandemic. SVI shows how many people search for a particular query over a specified period or region. This study is based on secondary financial data collected from 25 companies from the LQ45 index listed on the Indonesia Stock Exchange. Data collection uses a weekly period use financial data from March 2019 to March 2020. To examine the relationship between the SVI and stock return, this study uses the Fama-French three-factor model with the SVI as the independent variable using the regression methodology.
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Ralph McKinney Jr, Lawrence Shao, Dale Shao and Marjorie McInerney
The use of social media information for personnel decisions in mergers and acquisitions (M&As) could have greater effects on employees in targeted firms of M&As. Negative…
Abstract
The use of social media information for personnel decisions in mergers and acquisitions (M&As) could have greater effects on employees in targeted firms of M&As. Negative information from social media can facilitate employee departures especially during reorganization efforts. Managers should be aware that personnel decisions using information gained from social media could have legal ramifications. As such, appropriate policies concerning social media should be in place to guide organizational decision making. Although social media has been a part of society and business, research on its influences on human resources, employment decisions, and organizational behaviors has been limited. As such, this paper reviewed the current literature on social media and suggested ways to advance studies in the field.
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Firda Nosita and Rifqi Amrulloh
The authors believe the COVID-19 pandemic has an impact on supply and demand. The potential decline in real sector performance leads to lower expectations of securities…
Abstract
The authors believe the COVID-19 pandemic has an impact on supply and demand. The potential decline in real sector performance leads to lower expectations of securities performance. The uncertainty of future performance can change investor behaviour. This study tried to gain insight into stock investor behaviour during the COVID-19 pandemic. The results showed that the majority of the investor realized and believed the pandemic would affect the stock market performance. Hence, they did not show herding behaviour and were very confident during the COVID-19 pandemic. The survey also indicates that investors tend to avoid risk rather than take the opportunity to buy at a lower price. Moreover, investors believe that the COVID-19 vaccine will soon be found, and the economy will return to normal. Government and self-regulated organizations (SRO) are responsible for making effective policies to convince the investors about the future prospect.
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Ellen Efron Pimentel and Jinyun Liu
In this paper, we model histories of coresidence between two cohorts of urban Chinese couples, married during the Cultural Revolution and early market reform periods. Most…
Abstract
In this paper, we model histories of coresidence between two cohorts of urban Chinese couples, married during the Cultural Revolution and early market reform periods. Most research on coresidence pictures families cross‐sectionally, but nuclear households are a natural part of extended coresidence systems that prefer stem family arrangements. We study histories of coresidence to determine what predicts ever having coresided with the husband’s parents, comparing the predictive power of modernization theory to the impact of demographic change, the availability of household members, and the resources and needs of each generation. While married children’s needs for childcare do not propel them into coresidence, they strongly predict the likelihood of staying coresident.
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Gianluca Mattarocci and Georgios Siligardos
The paper aims to investigate the relationship between different investor attention proxies for different types of funds (retail vs institutional ones) looking at a sample of real…
Abstract
Purpose
The paper aims to investigate the relationship between different investor attention proxies for different types of funds (retail vs institutional ones) looking at a sample of real estate funds.
Design/methodology/approach
The authors collect data about searching frequency on Google and all the news published in Italian specialized newspapers for a set of real estate funds. Following the approach proposed by Da, Engelberg and Gao, the authors construct a set of attention proxies and they compare the ranking with some summary statistics and evaluate the causality relationship among them using a Granger causality test.
Findings
Results demonstrate that online search frequency is relevant for both institutional and retail funds and normally internet data are able to anticipate the news that will be published in the newspapers.
Research limitations/implications
The analysis proposed is focused only on a small real estate market (Italy) where funds are specialized for the type of investor. A wider database can allow excluding that results achieved are biased by the specific features of the market analysed.
Practical implications
The role of internet proxies attention measures also for institutional investors demonstrate that the managing companies offering financial instruments reserved to institutional investors should consider both channels of information – newspapers and the internet – to measure any positive or negative sign of investor attention to their products.
Originality/value
The article represents the first analysis of investor attention proxies on the real estate market and the first comparison of investor attention proxies for retail and institutional investors.
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Lanfeng Kao, Anlin Chen and Chih-Hsiang Chen
This chapter investigates attention theory by examining retail investors' true intention to purchase. Attention theory indicates that investors, and especially retail investors…
Abstract
This chapter investigates attention theory by examining retail investors' true intention to purchase. Attention theory indicates that investors, and especially retail investors, typically invest in stocks about which they are aware. Previous studies test attention theory by analyzing stock price behavior or trading volume. However, stock prices and trading volume are primarily driven by institutional investors rather than retail investors. We examine investor attention using initial public offering (IPO) subscriptions in Taiwan because only retail investors are allowed to subscribe to Taiwanese IPOs. We use media coverage as a measure of passive retail investor attention and Google search volume as a measure of active retail investor attention. Our results reveal that active attention has a more profound relationship with retail investor IPO subscriptions than passive attention does. Additionally, information about the value of IPOs taken from trading prices in the pre-IPO market mitigates the effects of attention theory.
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Lijun (Gillian) Lei, Yutao Li and Yan Luo
The emergence of social media as a corporate disclosure channel has caused significant changes in the production and dissemination of corporate information. This review identifies…
Abstract
The emergence of social media as a corporate disclosure channel has caused significant changes in the production and dissemination of corporate information. This review identifies important themes in recent research on the impact of social media on the corporate information environment and provides suggestions for further explorations of this new but fast-growing area of research. Specifically, we first review the evolution of Internet-based corporate disclosure and related regulations, and then focus on three recent streams of research: 1) companies’ use of social media; 2) information produced by non-corporate users and its impact on capital markets; and 3) the credibility of corporate information on social media platforms.
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Lingling Zhao, Vito Mollica, Yun Shen and Qi Liang
This study aims to systematically review the literature in the fields of liquidity, informational efficiency and default risk. The authors outline the key research streams and…
Abstract
Purpose
This study aims to systematically review the literature in the fields of liquidity, informational efficiency and default risk. The authors outline the key research streams and provide possible pathways for future research.
Design/methodology/approach
The study adopts bibliographic mapping to identify the most influential studies in the research fields of liquidity, informational efficiency and default risk from 1984 to 2021.
Findings
The study identifies four key research themes that include efficiency and transparency of markets; corporate yield spreads; market interactions: bonds, stocks and cryptocurrencies; and corporate governance. By assessing publications published from 2018 to 2021, the authors also document seven key emerging research trends: cross markets, managerial learning and corporate governance, state ownership and government subsidies, international evidence, machine learning (FinTech approaches), environmental themes and financial crisis. Drawing on these emerging trends, the authors highlight the opportunities for future research.
Research limitations/implications
Keyword searches have limitations since some studies might be overlooked if they do not match the specified search criteria, even though their relevance to the topic is under investigation. Adopt the R project to expand this review by incorporating more literature from other databases, such as the Scopus database could be a possible solution.
Practical implications
The four key research streams contribute to a comprehensive understanding of liquidity, informational efficiency and default risk. The emerging trends integrate existing knowledge and leave the chance for innovative research to expand the research frontier.
Originality/value
This study fulfills the systematic literature review streams in the fields of liquidity, informational efficiency and default risk, and provides fruitful opportunities for future research.