Arbitrage,Liquidity, and the Valuation of Exchange Traded Funds

This paper investigates the performance of U.S. and country exchange traded funds currently traded in the United States and provides new insight into their pricing. While the U.S. funds are priced closely to their net asset values, the country funds are not and can exhibit large, positive autocorrelations in fund premium. The mispricing of country funds is related to momentum, illiquidity, and size effects. We also find an inverted U‐shaped relationship between fund premium and market liquidity, which suggests that more active trading does lead to lower mispricing but only after a certain level of liquidity is reached.     

Towards typologies of virtual maltreatment: sport,digital cultures & dark leisure

Abstract

A changing technological context, specifically that of the growth of social media, is transforming aspects of leisure behaviour, especially in terms of negative interactions between followers of sport and athletes. There is a growing body of research into the maltreatment of adult athletes, exploring issues such as abusive acts or behaviours against the individual, including acts of physical and/or psychological violence to the person. Existing research, however, focuses upon face-to-face behaviours, and to date the nature of abuse in online spaces has been overlooked. It is becoming ever more apparent that virtual environments create optimal climates for abuse to occur due to the ability for individuals to communicate in an instantaneous, uncontrolled and often anonymous manner in virtual worlds. Using a netnographic approach, an analysis of a popular social media platform (Twitter) was conducted to examine the types of abuse present in online environments. This paper presents a conceptual typology, identifying four broad types of abuse in this setting; physical, sexual, emotional and discriminatory; examples of each form are presented. Findings highlight how online environments can pose a significant risk to individual emotional and psychological safety.     

An Assessment of Consumer Protection and Consumer Empowerment in Costa Rica

The present exploratory study aims to describe and assess Costa Rica’s regime for protecting and empowering consumers. As the general framework, this study used research conducted in the USA, in Europe—specifically studies conducted by the Organization for Economic Co-operation and Development (OECD) partners—and studies sponsored by the European Union (EU) in Central America. This paper, however, is not intended to provide an exhaustive analysis or to answer all questions and issues related to consumer protection in Costa Rica; rather, it is to identify the main components of the consumer protection framework, its strategies, consumer redress mechanisms, remedies, and consumer protection challenges faced by the country. The last section outlines a conclusion and presents recommendations for improvement.     

Visitor responses to the changing character of the visual landscape as an agrarian area becomes a tourist destination: Yilan County,Taiwan

The development of rural tourism and tourism to protected areas relies heavily on visitors' appreciation of scenery. This paper assesses visitor responses to Taiwan's changing rural landscapes, which have experienced agricultural decline, and a government-aided shift to rural tourism, with landscapes rapidly transformed from farm production scenery to recreation-oriented scenery. The study describes the changing character of the visual landscape characteristics of the Dongshan River Basin in Yilan County, and the influence of those changes on visitors' landscape preferences. Using a recognized nine landscape characteristics typology, survey results indicated participants believed that agricultural landscapes represented the qualities of historicity, naturalness and ephemera more than tourist landscapes, but showed fewer qualities of stewardship, disturbance and visual scale than tourist landscapes. Participants did not perceive the two types of landscapes differently for their qualities of coherence, imageability and complexity. They also preferred tourist landscapes to agricultural landscapes. For agricultural landscapes, when the qualities of ephemera, coherence, imageability, complexity, visual scale, stewardship, naturalness and historicity increased, participants appreciated the landscapes more. However, as the quality of disturbance increased, participants appreciated both landscapes less. Overall, when ephemera, coherence, imageability, complexity, visual scale, stewardship and naturalness increased, participants liked the landscapes more.     

Land use conflict in Kajiado District, Kenya

This study explores land use conflict in S.E. Kajiado District, Kenya. The conflict reflects ongoing competition over access to scarce land and water resources between herding, farming and wildlife, that has been conspicuous for over 30 years and is intensifying. While the complexity of the dynamic interactions and land use conflicts can be described, and significant driving forces identified, future outcomes are uncertain. The existing land use pattern represents the contemporary imprint of these interactions and it sets the basis for the future. Understanding the conditions that have created the present should, therefore, assist in devising future development strategies.     

走出管理学的中世纪

问题的根源在于，我们并没有真正明白组织运作的方式。我们不知道哪些具体细节是重要的，也不知道应该怎样去衡量它们。     

你需要包装吗？

有许多职业咨询专家可以教会你如何自夸，还有许多临床医学家能够帮助你克服心理障碍。但是，我有个更好的主意：把这项工作外包给一个品牌宣传代理人。     

“后雄心”的秘密

无论是对于男性还是对于女性，唯一明智的解决方案是，在一生的不同阶段，关注于雄心；陆志的不同层面。     

Problematizing 'Innovation' as a Critical Project

Based on research experience within US corporations, this paper examines the rhetoric and practices of organizational and technological 'innovation'. Our aim is to identify discourses of innovation as a site for critical studies. Two cases are used to illustrate ways in which initiatives launched in the name of change are based in traditional cultural frames that work in practice to conserve existing institutional orders. We close with some observations on alternative, indigenous sources of innovation and the conditions required to sustain them.