The management spectrum

While leadership dominates the attention of many, it is management that drives the work at hand. Julian Birkinshaw and Jules Goddard suggest that you reconsider the management model you practice daily to see if it's really working inside your company.     

Environmental and health benefits of hunting lifestyles and diets for the Innu of Labrador

The Innu of northern Labrador, Canada have undergone profound transitions in recent decades with important implications for conservation, food and health policy. The change from permanent nomadic hunting, gathering and trapping in ‘the country’ (nutshimit) to sedentary village life (known as ‘sedentarisation’) has been associated with a marked decline in physical and mental health. The overarching response of the national government has been to emphasize village-based and institutional solutions. We show that changing the balance back to country-based activities would address both the primary causes of the crisis and improve the health and well-being of the Innu. Drawing on ethnographic fieldwork, interviews with Innu older people (Tshenut), empirical data on nutrition and activity, and comparative data from the experiences of other indigenous peoples, we identify pertinent biological and environmental transitions of significance to the current plight of the Innu. We show that nutrition and physical activity transitions have had major negative impacts on individual and community health. However, hunting and its associated social and cultural forms is still a viable option as part of a mixed livelihood and economy in the environmentally significant boreal forests and tundra of northern Labrador. Cultural continuity through Innu hunting activities is a means to decelerate, and possibly reverse, their decline. We suggest four new policy areas to help restore country-based activities: (i) a food policy for country food; (ii) an outpost programme; (iii) ecotourism; and (iv) an amended school calendar. Finally, we indicate the implications of our analysis for people in other countries.     

Equity yields

We study a new data set of dividend futures with maturities up to ten years across three world regions: the US, Europe, and Japan. We use these asset prices to construct equity yields, analogous to bond yields. We decompose the equity yields to obtain a term structure of expected dividend growth rates and a term structure of risk premia, which decomposes the equity risk premium by maturity. We find that the slope of the term structure of risk premia is pro-cyclical, whereas the slope of the term structure of expected dividend growth rates is counter-cyclical. The comovement of yields across regions is, on average, higher for long-maturity yields than for short-maturity yields, whereas the variation in this comovement is much higher for short-maturity yields.     

Dynamic optimal hedge ratio design when price and production are stochastic with jump

Annals of Finance - In this paper, we focus on the farmer’s risk income when using commodity futures, when price and output processes are randomly correlated and represented by jump-diffusion...     

Multiscale Agricultural Commodities Forecasting Using Wavelet-SARIMA Process

Journal of Quantitative Economics - Forecasts of spot or future prices for agricultural commodities make it possible to anticipate the favorable or above all unfavorable development of future...