Technik für ein langes Leben

Megatrend Ambient Assisted Living - Im Jahr 2035 wird in Deutschland jeder dritte Mensch ?lter sein als 60 Jahre. Die Nachfrage nach Dienstleistungen und unterstützenden Systemen wird steigen. Technische Assistenzsysteme für Pflegende, Pflegebedürftige und deren Angeh?rige sollen das Leben im Alter sicherer und bequemer machen.     

Stock selection using a multi-factor model - empirical evidence from the French stock market

Using a Barra-type factor model, we have attempted to determine whether it is possible to beat the benchmark by taking advantage of anomalies established in the financial empirical literature. More specifically we have built an equity premium model based on three sets of factors (accounting variables, stock market characteristics and sector indicators) using a Bayesian method corrected for heteroscedasticity to estimate risk premiums, a technique that takes agents' learning into account. The results are encouraging: first, the factors that carried most weight on the equity premiums corroborated the results of empirical studies described in the financial literature, secondly, the portfolios constructed from our methodology and simulated outside our sample, returned higher performance than the benchmark and rewarded the supplement of volatility.     

The ever‐declining role of gender equality in the European Employment Strategy

This article analyses the changing position of gender in the European Employment Strategy (EES) since its 2005 relaunch. Overall, we find a picture of mixed progress towards gender equality goals across Member States. There is evidence of the EU soft law approach leading to positive developments as the use of targets in conjunction with Country‐Specific Recommendations and Points‐to‐Watch have had some influence in promoting gender equality policies among Member States. However, the weakened position of gender mainstreaming in European‐level initiatives has led to gender being marginalised or ignored in national and EU policy responses to the crisis. The prominence of gender has declined further in the 2010 revision of the EES under the 2020 banner. This introduces new risks as the emphasis on gender equality falls further down the list of priorities in the streamlining of the Lisbon Process.     

The impact of Nepal's earthquake on the health status of rural children

We study the impact of Nepal's 2015 earthquake on the health status of children aged 0–5 years. Using a difference-in-differences approach we find that the earthquake decreased height-for-age z-scores (HAZ) and that this effect is largely driven by females, who experienced an average decline of −0.763 standard deviations in their HAZ. Further, we find that females in the 0–3 years age group and in the least wealthy households are the most vulnerable. This is particularly unfortunate, as the first 3 years of life can impact long-term health and well-being, and female undernutrition contributes to the intergenerational transmission of poverty and ill health.     

Robust estimation of intraweek periodicity in volatility and jump detection

Opening, lunch and closing of financial markets induce a periodic component in the volatility of high-frequency returns. We show that price jumps cause a large bias in the classical periodicity estimators and propose robust alternatives. We find that accounting for periodicity greatly improves the accuracy of intraday jump detection methods. It increases the power to detect the relatively small jumps occurring at times for which volatility is periodically low and reduces the number of spurious jump detections at times of periodically high volatility. We use the series of detected jumps to estimate robustly the long memory parameter of the squared EUR/USD, GBP/USD and YEN/USD returns.     

Assessing the needs of international markets against an emerging market company's capabilities: A tool for internationalization

Senior managers in emerging markets often strive to ensure that their companies develop sufficient capabilities to confront the needs they encounter in international markets. However, extant research and practice remain unclear as to how senior managers in emerging market companies can approach assessing the needs of their international markets against their own company's capabilities, to aim for a balance between both. This article offers an innovative approach for assessing the needs of international markets against an emerging market company's capabilities. Based on the assessments of 100 senior managers leading emerging market companies, we explain how this approach can provide two key insights. First, evidence of a balance between the needs of international markets and an emerging market company's capabilities, that indicates the company's competitive position is focused; or evidence of an imbalance between the needs of international markets and an emerging market company's capabilities, that indicates the company's competitive position is either vulnerable or overqualified. Second, an understanding of where the gaps between the needs of international markets and an emerging market company's capabilities are, that enables improving the company's competitive position by closing these gaps. Drawing on this approach, we offer an open access tool that allows senior managers in emerging markets to identify and improve their own company's competitive position for internationalization. Using this tool, senior managers can lead their emerging market companies toward a focused competitive position in international markets, providing better chances of successfully capturing potential benefits.