Sebastian Stöckl, Michael Hanke and Martin Angerer
The purpose of this paper is to create a universal (asset-class-independent) portfolio risk index for a global private investor.
Abstract
Purpose
The purpose of this paper is to create a universal (asset-class-independent) portfolio risk index for a global private investor.
Design/methodology/approach
The authors first discuss existing risk measures and desirable properties of a risk index. Then, they construct a universal (asset-class-independent) portfolio risk measure by modifying Financial Turbulence of Kritzman and Li (2010). Finally, the average portfolio of a representative global private investor is determined, and, by applying the new portfolio risk measure, they derive the Private investor Risk IndeX.
Findings
The authors show that this index exhibits commonly expected properties of risk indices, such as proper reaction to well-known historical market events, persistence in time and forecasting power for both risk and returns to risk.
Practical implications
A dynamic asset allocation example illustrates one potential practical application for global private investors.
Originality/value
As of now, a risk index reflecting the overall risk of a typical multi-asset-class portfolio of global private investors does not seem to exist.
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Andreas Oehler, Florian Wedlich, Stefan Wendt and Matthias Horn
The purpose of this study is to analyze whether differences in market-wide levels of investor personality influence experimental asset market outcomes in terms of limit orders…
Abstract
Purpose
The purpose of this study is to analyze whether differences in market-wide levels of investor personality influence experimental asset market outcomes in terms of limit orders, price levels and price bubbles.
Design/methodology/approach
Investor personality is determined by a questionnaire. These data are combined with data from 17 experimental asset markets. Two approaches are used to estimate market-wide levels of investor personality. First, the market-wide average of each personality trait is determined; second, the percentage of individuals with comparable personality in a market is computed. Overall, 364 undergraduate business students participated in the questionnaire and the experimental asset markets.
Findings
Limits and transaction prices are higher in markets with higher mean values in participants’ extraversion and openness to experience and lower mean values in participants’ agreeableness and neuroticism. In markets with lower mean values of subjects’ openness to experiences more overpriced transactions are observed. In markets with a higher proportion of extraverted subjects and a lower proportion of neurotic subjects higher limits and transaction prices are observed. Bubble phases last longer in markets with a higher proportion of extraverted and a lower proportion of neurotic subjects.
Originality/value
Overall, the findings suggest that market-wide personality levels influence market outcomes. As a consequence, market-wide levels of personality help to explain prices in auctions with limited number of participants. Additionally, studies that analyze the influence of subjects’ characteristics, including risk aversion, emotional states or overconfidence, on market outcomes should also consider personality traits as potential underlying factor.
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Arnold Japutra, Sebastian Molinillo and Yuksel Ekinci
This study aims to investigate the role of destination brand stereotypes in predicting destination brand attachment (DBA).
Abstract
Purpose
This study aims to investigate the role of destination brand stereotypes in predicting destination brand attachment (DBA).
Design/methodology/approach
Using survey data from 612 Indonesian respondents, the conceptual framework is tested by applying structural equation modeling analysis.
Findings
The results show that the four components of destination branding contribute to DBA through brand stereotypes.
Originality/value
Based on the stereotype content model, this study explores how two cognitive (i.e. brand awareness and perceived quality) and two affective (i.e. ideal self-congruence and enduring culture involvement) components build destination brand stereotypes, which in turn increase DBA.
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E.P. Abdul Azeez, Dandub Palzor Negi, Tanu Kukreja, Kamini C. Tanwar, M. Surya Kumar, V. Kalyani and Darakhshan Harmain
Intimate partner violence (IPV) is a prevalent public health issue impacting women’s physical and mental health and psychosocial walks of life across cultures and societies…
Abstract
Purpose
Intimate partner violence (IPV) is a prevalent public health issue impacting women’s physical and mental health and psychosocial walks of life across cultures and societies. Despite this, many women continue to stay in such relationships. This study aims to examine, from a constructionist perspective, why women stay in abusive marriages and what factors prevent them from taking appropriate actions. Also, women’s experiences of surviving IPV were explored.
Design/methodology/approach
Using a descriptive qualitative research method, the authors recruited and interviewed 17 women from northern India. The data were analysed thematically.
Findings
The underlying themes that emerged in response to the research questions were the lack of family support, societal ideals, the culture of normalizing violence, fear, love and hope and emotional turmoil. The reason for women not to leave abusive marriages corresponds to the broader social constructions of marriage and women’s perceived positions in family and society.
Originality/value
Research on women’s decision to stay in abusive relationships is limited, especially from the Global South. This study generates fresh evidence on the subject matter, specifically from the Indian context. The study result contributes uniquely by approaching the problem of staying in an abusive relationship from a social constructionist perspective. This study has implications for policy and psychosocial interventions to bring progressive changes in the lives of women experiencing IPV.
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Busra Baspinar and Ayşe Özfer Özçelik
This study aims to compare commonly used dietary assessment methods in non-obese young adults.
Abstract
Purpose
This study aims to compare commonly used dietary assessment methods in non-obese young adults.
Design/methodology/approach
This study was carried out on 22 females and 21 males, who were aged between 20 and 25, with no chronic diseases and were not obese or on any diet. The data was collected face to face. In this study, the authors evaluated the consistency of nonconsecutive three-day 24-h recall method (3 × 24HR), which was chosen as a reference for the determination of food consumption, with one-day 24-h recall method (1 × 24HR), three-day food record method (3 × FR) and food frequency questionnaire (FFQ), which has been frequently used in food consumption research. Intraclass correlation coefficients (ICC), Pearson correlation coefficient (PCC) and Bland–Altman graphs were performed in the statistical analyses to determine the association between dietary assessment methods.
Findings
When the data obtained from the food consumption records were evaluated according to reference method, it was found that the PCC was at moderate and higher level (mean r = 0.513 for 1 × 24HR; r = 0.564 for 3 × FR; and r = 0.452 for FFQ), and the mean ICC was 0.456 for 1 × 24HR, 0.557 for 3 × FR and 0.377 for FFQ. In addition, it was determined that energy and macronutrient values analyzed with Bland–Altman method were consistent with the reference method and that the other methods could also be used instead of the reference method. Under and over reporting was detected in all methods. The method with the highest accurate reporting was 3 × 24HR (72.1%) according to Goldberg standard. In FFQ method, accurate reporting is higher in males (p = 0.01); in other methods, it was determined that there was no significant difference by gender.
Originality/value
In this study, the consistency of the reference, 3 × 24HR method, with the other three methods was determined to be at a moderate and higher level and that they could replace each other according to characteristics of the participants.