The purpose of this study is to look at the market reaction to stock dividend announcements of real estate investment trusts (REITs) and further look at their determinants.
Abstract
Purpose
The purpose of this study is to look at the market reaction to stock dividend announcements of real estate investment trusts (REITs) and further look at their determinants.
Design/methodology/approach
The paper uses standard event methodology for market reaction to determine abnormal returns and CARs. Additionally the paper uses a logistic regression to analyze determinants.
Findings
Using a sample of 37 announcements from fourth quarter 2008 till first quarter 2010, the paper finds a mean negative abnormal return of −1.23 percent on the day of the announcement. Further, following the announcement day, the paper finds a weak significant positive abnormal return on the day after that (+1), which may convey some optimism from the investors. Further, when the paper looks at the characteristics of such REITs, it finds that REITs with higher leverage ratio and larger asset bases are more likely to issue stock dividend. Additionally, the results also indicate that the stock dividend announcement lead to an abnormal turnover of 0.24 percent for these REITs on the day following the announcement. This may suggest an increase in the marketability of the stock dividend REITs after the announcement date.
Practical implications
First, the reaction of the market will help gauge the response of investors to such announcements. This could provide REIT managers information on ex‐ante investor reaction to such dividend decisions. Second, this study will help identify the characteristics of REITs that declare stock dividends. For investors who rely on market trading information, study in this regard will help them to build up their portfolios.
Originality/value
This is the only study that looks exclusively at stock dividends in REITs and the second study to look at stock dividends in REITs in general. It is different from the other study in this field because of its methodology, sample size and some distinct results.
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In this chapter, rephrasing Spivak's question into ‘can subaltern children speak?’, I reorient the research on China's gigantic population of children and youths in rural migrant…
Abstract
In this chapter, rephrasing Spivak's question into ‘can subaltern children speak?’, I reorient the research on China's gigantic population of children and youths in rural migrant families towards a critical interpretative approach. Based on life history and longitudinal ethnographic interview gathered with three cases, I unpack the multiple meanings migrants' children attach to mobility in their childhood experiences. First, despite emotional difficulties, children see their parents' out-migration more as a ‘mobility imperative’ than their abandonment of parental responsibilities, which should be contextualized in China's long-term urban-biased social policies and the resultant development gaps in rural and urban societies. Second, the seemingly ‘unstable’ and ‘flexible’ mobility patterns observed in migrant families should be understood in relation to a long-term family social mobility strategy to promote children's educational achievement and future attainment. The combination of absent class politics in an illiberal society with an enduring ideology of education-based meritocracy in Confucianism makes this strategy a culturally legitimate channel of social struggle for recognition and respect for the subaltern. Last, children in migrant families are active contributors to their families' everyday organization amidst mobilities through sharing care and household responsibilities, and developing temporal and mobility strategies to keep alive intergenerational exchanges and family togetherness. The study uncovers coexisting resilience and vulnerabilities of migrants' children in their ‘doing class’ in contemporary China. It also contributes insights into our understanding of the diversity of childhoods in Asian societies at the intersection of familyhood, class dynamics and cultural politics.
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Xiaorong He, Bo Xiang, Zeshui Xu and Dejian Yu
This study aims to provide a comprehensive analysis of two-sided matching (TSM) research, an interdisciplinary field that integrates both theoretical and practical perspectives…
Abstract
Purpose
This study aims to provide a comprehensive analysis of two-sided matching (TSM) research, an interdisciplinary field that integrates both theoretical and practical perspectives. By examining 756 research articles from the Web of Science database, this paper seeks to identify key trends, collaboration patterns and emerging research topics within the TSM domain.
Design/methodology/approach
The research utilizes bibliometric analysis combined with a structural topic model to analyze TSM-related articles published between January 1, 2000, and September 30, 2022. The study identifies leading subfields, journals, countries/regions and institutions based on publication volume, total citations and average citations per article. Interaction and collaboration patterns among these entities are examined through co-occurrence and coupling networks. Additionally, five major research topics are identified and explored using topic modeling and co-word networks. This hybrid knowledge mining approach better reveals the inherent structural changes in topic clusters. Topic distribution and network analysis are beneficial in capturing the attention allocation of different entities to knowledge.
Findings
The analysis reveals five prominent research topics in TSM: communication resource allocation, stable matching research, computing task assignment, TSM decision-making and market matching mechanism design. These topics represent the main directions of TSM research. The study also uncovers a shift in research focus from theoretical aspects to practical applications. Furthermore, the distribution of knowledge and interaction patterns among key entities align with the identified research trends.
Originality/value
This study offers a novel and detailed overview of TSM research highlighting significant trends and collaboration patterns within the field. By integrating bibliometric methods with structural topic modeling the study provides unique insights into the evolution of TSM research making it a valuable resource for both academic and professional communities.
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Yalan Yan, Xianjin Zha, Jinchao Zhang and Xiaorong Hou
In this study, the authors use the term “e-quality” to refer to information quality, system quality and service quality. This study aims to focus on e-quality, exploring and…
Abstract
Purpose
In this study, the authors use the term “e-quality” to refer to information quality, system quality and service quality. This study aims to focus on e-quality, exploring and comparing users' perceptions of digital libraries and virtual communities in the hope that the results of this study can help lead to better understanding of the exact nature of e-quality as perceived by users.
Design/methodology/approach
A large-scale survey was conducted for data collection. Data collected from 334 users of digital libraries and virtual communities were used for data analysis.
Findings
The study finds that users are likely to perceive a higher level of information quality, system quality and service quality of digital libraries than of virtual communities.
Practical implications
The authors suggest that librarians do not need to have concerns over the challenge brought by virtual communities, which indeed have an increasing impact on the way a lot of people seek and gather information. Instead, they should encourage their users to use both digital libraries and virtual communities. The authors believe that the usage of these two types of information sources by users can efficiently inform each other, thus facilitating the e-quality of both digital libraries and virtual communities to reach excellence.
Originality/value
Building on the information systems (IS) success model, this study explores and compares users' perceptions of digital libraries and virtual communities in terms of e-quality, which the authors think presents a new view for digital library research and practice alike.
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This paper describes the parent–child relationships of upper-middle-class Chinese parents and their adolescent children who were “parachuted” to the United States for private high…
Abstract
This paper describes the parent–child relationships of upper-middle-class Chinese parents and their adolescent children who were “parachuted” to the United States for private high schools. With parents remaining in China and children in the United States, thousands of miles away, such a transnational educational arrangement complicates the already volatile parent–child relationships during the adolescent years. Through ethnographic interviews of 41 students and 33 parents, I demonstrate different forms of child–parent relationships in a transnational education setting: those who found that the further physical and temporal distance has brought the parent–child relationship closer through frequent communications, children who experienced “accelerated growth” yet questioned the necessity, and delicate parent–child relationships due to increasing transnational cross-cultural or intergenerational differences. These types of parent–child relationships are not comprehensive of all the lived experiences of the “parachute generation,” yet they shed new light on transnational education and the unintended emotional dimensions of educational migration. In a transnational context for an economically well-off group, parental absence or separation of children and parents is no longer a clear-cut concept and has different layers of meanings, taking into account the frequency of communication, duration of spring and winter breaks and the existence of third-party agents such as for-profit intermediaries (or educational consultants) and host families. The diverse patterns of parent–child relations reveal the heterogeneity and complexities of “doing family” across geographic spaces and global educational hierarchies, as well as the roles of communication technologies, the tempo of mobilities and educational intermediaries.
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In transnational families worldwide, different family members have varying degrees of mobility, as well as different physical and emotional experiences with relatives and places…
Abstract
In transnational families worldwide, different family members have varying degrees of mobility, as well as different physical and emotional experiences with relatives and places throughout their lives. For this reason, in recent decades, increasing attention has been placed upon the experiences of migrants' descendants growing up across borders.
Based on data from a multi-sited ethnography and a survey, this chapter explores the experiences of children growing up in Chinese transnational families split between Zhejiang province and their parents' immigration countries, located mainly in Europe. First, it introduces the migration context and methods, presenting the profiles and basic information of the 77 Chinese migrants' descendants who participated in a ‘Roots-seeking Journey’ summer camp held in their family area of origin in China, in 2018. Second, it explores their heterogeneous early childhood paths and conditions, paying particular attention to mobility, care strategies, intergenerational relations and transnational ties. Finally, this chapter introduces the concept of fluid childhoods, and reflects on the key role of care-related mobility and communication technologies in shaping their early life paths and experiences as well as further transnational engagement.
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Jiang Xiaorong and Zhang Wenxian
The economic law of population distribution and migration has beenstudied chiefly based on the Chinese situation. The distribution anddevelopment of productive forces decide the…
Abstract
The economic law of population distribution and migration has been studied chiefly based on the Chinese situation. The distribution and development of productive forces decide the distribution and migration of population, and in turn, the latter influences the former. The population distributions in three different stages of social development, namely agricultural, industrial and information society, are described. A new concept in population economics is introduced, i.e. population economic density, which is different from the concept of population density. The formula of population economic density is P(population)/R(resources). Many kinds of migration are analysed, and it is believed that the main efficient cause of migration is economy.
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Jessica Schwittek, Doris Bühler-Niederberger and Kamila Labuda
This contribution explores intergenerational relations and negotiations in Viet-German families. Due to family members' diverging socialization experiences in Vietnam and Germany…
Abstract
This contribution explores intergenerational relations and negotiations in Viet-German families. Due to family members' diverging socialization experiences in Vietnam and Germany as well as social ties in both societies, we assume that different ideas of intergenerational relations and mutual obligations may be found in Viet-German families. We distinguish between interdependent and independent intergenerational patterns of solidarity. Based on interviews with young adults – the descendants of Vietnamese migrants – four thematic areas are identified, in and through the shaping of which intergenerational relations are continuously negotiated at the face of migration-related challenges. These are (1) a childhood for the future, (2) reciprocal support, (3) individualization of family members and intimization of the family and (4) boundaries against kinship and the Vietnamese community. Our analysis reveals the emergence of a new, hybrid pattern of intergenerational solidarity, for which we suggest the term “individualized interdependence.” The role of young adults in the elaboration of this new family order stands out.
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Frederick de Moll and Akihide Inaba
In recent decades, childhood in Japan has undergone significant transformations. Government policies geared at boosting women's labor force participation, a declining fertility…
Abstract
In recent decades, childhood in Japan has undergone significant transformations. Government policies geared at boosting women's labor force participation, a declining fertility rate, rising costs of having children on the one hand, and increased spending on public childcare and support measures for families, on the other hand, contribute to these ongoing changes. Having only one child is becoming the norm while mothers' role in society is shifting. The traditional family structure is moving from the previously predominant male breadwinner model to more dual-earner families. Children now spend significant amounts of time in care and education institutions.
In this chapter, we analyze current configurations of early childhood in institutions and the family from a policy perspective and regarding children's predominant education and care arrangements. Drawing on various survey data sets and evidence from demographic statistics to pedagogical ethnographies, we look at how childcare policies and families reshape the organization of children's lives and outline how institutions and educators create learning experiences aligned with the values of a collectivist society. However, despite being deeply rooted in traditional child-rearing goals, many parents also subscribe to rigorous educational arrangements from early childhood onwards to prepare children for success in a competitive education system. The chapter finishes with an outlook on future directions of how policymakers and the ongoing institutionalization of childhood continue to change children's lives.
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Jessica Schwittek and Elizer Jay de los Reyes
In the following, the region of Southeast Asia will be introduced by offering an overview of the recent developments regarding demographic transition, socioeconomic change, social…
Abstract
In the following, the region of Southeast Asia will be introduced by offering an overview of the recent developments regarding demographic transition, socioeconomic change, social inequality and the diversification of migration patterns. We will sketch out, how young people fare in the face of these conditions, especially with regard to their own or their families' mobilities. Finally, the four contributions of this section, each reflecting a specific context of Southeast Asia's transnational societies and the related intergenerational dynamics, will be introduced.