Publisher: Redfame Publishing   (Total: 7 journals)   [Sort by number of followers]

Showing 1 - 7 of 7 Journals sorted alphabetically
Applied Economics and Finance     Open Access   (Followers: 15)
Applied Finance and Accounting     Open Access   (Followers: 9)
Business and Management Studies     Open Access   (Followers: 20)
Intl. J. of Social Science Studies     Open Access   (Followers: 15)
J. of Education and Training Studies     Open Access   (Followers: 4)
Studies in Engineering and Technology     Open Access  
Studies in Media and Communication     Open Access   (Followers: 16, SJR: 0.401, CiteScore: 1)
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Applied Economics and Finance
Number of Followers: 15  

  This is an Open Access Journal Open Access journal
ISSN (Print) 2332-7294 - ISSN (Online) 2332-7308
Published by Redfame Publishing Homepage  [7 journals]
  • ESG Investments: Filtering versus Machine Learning Approaches

    • Authors: Vincent Margot, Christophe Geissler, Carmine de Franco, Bruno Monnier
      Pages: 1 - 16
      Abstract: We designed a machine learning algorithm that identifies patterns between ESG profiles and financial performances for companies in a large investment universe. The algorithm consists of regularly updated sets of rules that map regions into the high-dimensional space of ESG features to excess return predictions. The final aggregated predictions are transformed into scores which allow us to design simple strategies that screen the investment universe for stocks with positive scores. By linking the ESG features with financial performances in a non-linear way, our strategy based upon our machine learning algorithm turns out to be an efficient stock picking tool, which outperforms classic strategies that screen stocks according to their ESG ratings, as the popular best-in-class approach. Our paper brings new ideas in the growing field of financial literature that investigates the links between ESG behavior and the economy. We show indeed that there is clearly some form of alpha in the ESG profile of a company, but that this alpha can be accessed only with powerful, non-linear techniques such as machine learning.
      PubDate: 2021-02-07
      DOI: 10.11114/aef.v8i2.5097
      Issue No: Vol. 8, No. 2 (2021)
       
  • The Correlation between the Value of Mortgage-Backed Securities & the
           Value of FTSE 100 Shares Price Index: September 2013 Prices

    • Authors: Ghada Gomaa A. Mohamed
      Pages: 17 - 19
      Abstract: Using the latest information and prices for mortgage-backed securities in September 2013 this analytical piece tests the correlation between the value of these instruments and the value of the FTSE 100 share price index.The correlation between the value of mortgage-backed securities and the value of FTSE 100 shares price index.
      PubDate: 2021-02-08
      DOI: 10.11114/aef.v8i2.5156
      Issue No: Vol. 8, No. 2 (2021)
       
  • Natural Resources and the Economic Growth of West Africa Economies

    • Authors: Michael Asiedu, Ebenezer Nana Yeboah, David Owusu Boakye
      Pages: 20 - 32
      Abstract: In this study, we employed the pooled mean group (PMG) regression to examine the effect of natural resources economic rent (coal rent, gas rent, oil rent, forest rent, minerals rent) and foreign direct investment (FDI) on economic growth in West Africa for the period 1996 to 2017. We found strong evidence of a positive relationship between FDI, total natural resources (TNR), total natural gas (TNG), and economic growth in the long-run. However, the study recorded a negative relationship between mineral resources rent, oil rent and gas rent, and economic growth in the long run. The rent from coal also exhibited neutrality on economic growth. While all the short-run coefficients are not statistically significant, the error correction term (ECT) is significant and a negative value of -0.889, signifying cointegration at a 1% significance level. This also implies that the short-run estimates converge towards the long-run estimates to achieve equilibrium at the speed of 89% per annum. Our findings highlight the significance of FDI and total rent from natural resources in stimulating West African economies' growth in the industrialization drive and general welfare. In contrast, this study also highlights the need for policy direction to redesign and realign ownership in the oil and gas sector from multinational co-operations (MNCs) to the locals and the domestic economy to benefit directly from the prevailing environment.
      PubDate: 2021-02-08
      DOI: 10.11114/aef.v8i2.5157
      Issue No: Vol. 8, No. 2 (2021)
       
  • The Effects of Money Supply and Interest Rates on Stock Prices, Evidence
           from Two Behavioral Experiments

    • Authors: Christian A. Conrad
      Pages: 33 - 41
      Abstract: What is the impact of interest rate and monetary policy on the stock market' Some studies find a positive impact of expansive monetary policy on stock prices others prove the opposite. This paper examines the effects of monetary expansion and interest rate changes on investment behavior on the stock market by illustrating two behavioral experiments with students. In our experiments the increase of money supply and the decrease of interest rates had a direct positive impact on share prices. These findings support the hypothesis that extreme expansive monetary policy with low, zero or negative interest rates encourage financial bubbles on the stock market. To avoid a crash the exit from such a policy must be slow. As happened in 1929, crashes can damage the financial system and the real economy. Central banks must take this into account in their monetary policy.
      PubDate: 2021-02-23
      DOI: 10.11114/aef.v8i2.5173
      Issue No: Vol. 8, No. 2 (2021)
       
  • An Empirical Research Survey of the Productivity and Efficiency of the
           Securities Industry

    • Authors: My Tran, Malcolm Abbott
      Pages: 42 - 52
      Abstract: This paper provides a review of the approaches that have been used to evaluate the productivity and efficiency of the securities industry (financial ratios, econometric techniques, data envelopment analysis-DEA, and the estimation of stochastic frontiers). In undertaking this it identifies some of the organisational structure characteristics of securities companies that are associated with high levels of operational efficiency, particularly regarding the impact of regulation, the structure of ownership, and economies of scope and scale. The findings are that from the limited number of studies that have to date been undertaken it appears that the industry does have economies of scale, benefits from deregulation and performs better with foreign and bank ownership.
      PubDate: 2021-03-10
      DOI: 10.11114/aef.v8i2.5185
      Issue No: Vol. 8, No. 2 (2021)
       
  • Reviewer Acknowledgements

    • Authors: Nikki Gibbs
      First page: 53
      Abstract: Applied Economics and Finance (AEF) would like to acknowledge the following reviewers for their assistance with peer review of manuscripts for this issue. Many authors, regardless of whether AEF publishes their work, appreciate the helpful feedback provided by the reviewers. Their comments and suggestions were of great help to the authors in improving the quality of their papers. Each of the reviewers listed below returned at least one review for this issue.Reviewers for Volume 8, Number 2
      Andrey Kudryavtsev, The Max Stern Yezreel Valley Academic College, IsraelAyoub Taha Sidahmed, SIU, SudanJose Solana Ibañez, Centro Universitario de la Defensa, SpainMurad Harasheh, University of Milan-Bicocca, ItalyPayal Chadha, University of Wales Prifysgol Cymru, KuwaitRajeev Rana, APB Govt. P.G. College, IndiaRamona Orastean, Lucian Blaga University of Sibiu, RomaniaRuhet Genc, Turkish-German University, TurkeyVictoria Cociug, Academy of Sciences of Moldova, Moldova 
          Nikki GibbsEditorial AssistantOn behalf of,The Editorial Board of Applied Economics and FinanceRedfame Publishing9450 SW Gemini Dr. #99416Beaverton, OR 97008, USAURL: http://aef.redfame.com
      PubDate: 2021-03-10
      DOI: 10.11114/aef.v8i2.5186
      Issue No: Vol. 8, No. 2 (2021)
       
 
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