Effectiveness of F-SCORE on the Loser Following Online Portfolio Strategy in the Korean Value Stocks Portfolio
Taegyu Jeong,
Kyuhyong Kim
Issue:
Volume 5, Issue 1, March 2019
Pages:
1-13
Received:
26 December 2018
Accepted:
17 January 2019
Published:
9 February 2019
Abstract: This paper compares the effectiveness of six online portfolio strategies when they are applied to the Korean value stock portfolio. Firstly, using F-SCORE of Piotroski the value stock portfolio is divided into buying group and selling group. Then the six loser following online portfolio strategies are applied for each group and the whole portfolio. RMR strategy for the whole stock portfolio is far superior to the other strategies in terms of the total cumulative return, Sharpe ratio and Calmar ratio. This implies that value stock portfolio has mean reverting or trend following properties that can be utilized by various machine learning techniques.
Abstract: This paper compares the effectiveness of six online portfolio strategies when they are applied to the Korean value stock portfolio. Firstly, using F-SCORE of Piotroski the value stock portfolio is divided into buying group and selling group. Then the six loser following online portfolio strategies are applied for each group and the whole portfolio....
Show More
Determinants and Solutions for Improving the Efficiency of Tourism Business
Nguyen Ngoc Tien,
Tran Thi Cam Thanh,
Nguyen Thi Le Hang
Issue:
Volume 5, Issue 1, March 2019
Pages:
14-19
Received:
20 January 2019
Accepted:
14 March 2019
Published:
8 April 2019
Abstract: Tourism is a combined business including four main fields: hotel business; eating and drinking; travelling and entertainment business. The efficiency of tourism business has the huge impact on many aspects of socioeconomic life but tourism business is also influenced by many factors because of tourism characteristics such as the seasonal in business, state and local policy, tourist resource, geographic position, etc. Hence, the objective of this study is to identify groups of factors that affect on the efficiency of tourism business. This is the basis for the authors to suggest solutions for improving the efficiency of tourism business. This study was conducted on the basis of survey questionnaires and interviews with 120 tourist enterprises in Binh Dinh, Phu Yen and Gia Lai in Vietnam about the evaluation perspective of enterprises for factors affecting tourism business efficiency. Data collected from enterprises is handled through SPSS 22.0 software. The results show that there are 6 groups of factors affecting the efficiency of tourism businesses.
Abstract: Tourism is a combined business including four main fields: hotel business; eating and drinking; travelling and entertainment business. The efficiency of tourism business has the huge impact on many aspects of socioeconomic life but tourism business is also influenced by many factors because of tourism characteristics such as the seasonal in busines...
Show More
Business Education as a Predictor of Socio-Economic Security in Niger Delta States
Ikpesu Oghenerukevwe Christian
Issue:
Volume 5, Issue 1, March 2019
Pages:
20-27
Received:
8 February 2019
Accepted:
14 March 2019
Published:
12 April 2019
Abstract: The cross-sectional research conducted explained the predictive influence of business education as key indicators of socio-economic security and national development in the oil-rich Niger Delta States. Sample of 250 graduate students in public-owned universities in five states were sampled through cluster sampling technique. The constructed survey instrument rated scale was pilot tested using Spearman Rank Order statistics to obtain 0.78 reliability coefficients. Descriptive and inferential statistics were adopted to analyze quantitative data while the hypotheses tested with regression at p<0.05 level of significance to determine influence of employable competencies, socio-economic value of business education and economic security representing the response variables in the study. The findings thus revealed financial literacy, applied knowledge, higher order thinking employable competencies for enhanced capacity of graduate students through the various learning experiences. Again, higher wages, healthy living, greater life satisfaction, assurance for advancement, social relations identified as socio-economic values guarantees their economic security. Business education employable competencies, socio-economic values were found to have partial associations with economic security variables in the Niger Delta States. It was therefore concluded that young adults which are basically source of insecurity in the region should refocus their latent abilities to productive career development in business education in order to be successful in life. The various governments should equally organize regional education summit that will address challenges of insecurity and lay the solid foundation for economic growth.
Abstract: The cross-sectional research conducted explained the predictive influence of business education as key indicators of socio-economic security and national development in the oil-rich Niger Delta States. Sample of 250 graduate students in public-owned universities in five states were sampled through cluster sampling technique. The constructed survey ...
Show More
