现代城市女性消费的新变化

女性消费者因其独特的文化角色,使她们在消费领域一直扮演着重要的购买角色。在我国,随着女性受教育程度越来越高以及由此引起的经济地位的提高,女性消费能力日益增强。企业界应在了解当前我国城市女性消费特征和心理的基础上,开展针对女性的营销活动。     

Neighborhood effect on stock price comovement

We investigate how the geographic distance between firms’ headquarters affects their stock price comovement. Our results show that a firm's stock return has stronger comovement with the returns of nearby firms than with those of distant firms. Being in the same state and/or in the same industry strengthens the return comovement, but does not substitute for the negative effect of geographic distance on price comovement. Firms of similar share price and size also show stronger return comovement, but these factors do not mitigate the negative distance impact. Consistent with investor home bias and neighborhood effect literature, our results suggest that investors’ preference for local stocks and their interactions lead to correlated trading in local stocks and therefore stronger local price comovement.     

Foreign investors and stock price efficiency: Thresholds,underlying channels and investor heterogeneity

This paper examines the relationship between foreign shareholding and stock price efficiency for Malaysian public listed firms over the 2002–2009 sample period. We use stock price delay as an inverse measure of price efficiency, and consider the speed of adjustment to local and global common factor information. The results show that foreign investors accelerate the incorporation of both types of common information into the prices of Malaysian stocks, mainly due to their superior skills in processing systematic market-wide factors. However, we find evidence of optimality in foreign shareholding, suggesting that the efficiency benefit disappears after foreign ownership exceeds a certain threshold level. Further analyses shed lights on the channels and moderating variables driving this non-monotonic relationship. Our disaggregate analysis on foreign investor heterogeneity shows that foreign investors who trade through nominee accounts are elite processors of public market-wide and firm-specific news in the Malaysian stock market.     

大学英语教学应注重心理学理论的运用

研究学生的心理活动规律,对提高英语教学质量具有积极意义。在教学中,运用行为动机观点,培养和 激发学生学习英语的动力和兴趣;运用个性及其倾向性观点,在教学中实施因材施教;遵循学生思维规律,发展学生 智力,培养其自学能力;把握师生情感的协调,努力创设轻松、和谐的课堂氛围。     

旅游文化传播中震惊产生的心理机制以及调适

旅游文化传播中震惊产生的心理机制是旅游者认知结构的变动,即由于旅游者的认知心理平衡被破坏导致的。客源地的文化与目的地的文化距离落差越大,越能够提起旅游者的好奇心,对旅游者产生的吸引力也越大。但也可能产生负向的作用,即震惊形成交往障碍。所以,旅游者在旅游过程中要克服障碍,不带有文化成见,把旅游过程当做是增长知识和阅历的过程;作为旅游中介的导游要善于引导旅游者了解目的地旅游文化,并告诉交往技巧;目的地要做好自身文化的介绍,并能根据旅游者的文化背景来接近旅游者,把负向作用转化为正向作用。     

The case for psychology in human resource management research

A recent literature has developed criticising the growing influence of a psychological perspective within research on human resource management (HRM). This paper addresses and rebuts the various criticisms and outlines the positive contribution of work and organisational psychology to HRM research. In looking to the future and the continuing development of HRM research, we argue that there is a need to engage in research that is multidisciplinary, multilevel, multistakeholder, and multimethod. We propose a number of research topics that meet these criteria and to which work and organisational psychology can offer a distinctive contribution. We call for other disciplines to make a more positive contribution to ensure that HRM research continues to flourish.     

Impact of investor sentiment on mutual fund risk taking and performance: evidence from China

ABSTRACT

This study provides empirical rationale and guidance for incorporating investor sentiment into mutual fund enterprise information systems. It investigates the effect of fund-specific investor sentiment on fund risk taking and performance. Working on a sample of equity funds in China, our panel regressions reveal that fund risk-taking is negatively related to lagged fund-specific investor sentiment. Investor sentiment is negatively linked to subsequent fund performance, which conforms with the dumb money effect. Encouragingly, there is evidence that mutual fund managers in China possess investing expertise. Fund-specific investor sentiment shows asymmetric impacts. The dumb money effect is primarily driven by positive sentiment.     

大学生课堂行为的心理学研究

课堂教学效果与大学生心理密切相关。大学生课堂行为的不同表现,有其深刻的心理学原因,高校教师应应用心理学理论知识,洞察学生心理特点,开展有针对性的课堂教学活动。     

地域习俗文化的差异性及移民文化心理分析——以三峡库区移民原居地与迁居地为例

地域环境是导致地域文化差异的重要原因。三峡库区移民原居地与新安置地习俗文化有着明显的差异性。移民对新安置地的不适应,最主要的原因是习俗文化的改变导致移民文化心理的巨大落差,产生文化心理的焦虑、失落感。     

Predicting Equity Markets with Digital Online Media Sentiment: Evidence from Markov-switching Models

The authors examine the predictive capabilities of online investor sentiment for the returns and volatility of MSCI U.S. Equity Sector Indices by including exogenous variables in the mean and volatility specifications of a Markov-switching model. As predicted by the semistrong efficient market hypothesis, they find that the Thomson Reuters Marketpsych Indices (TRMI) predict volatility to a greater extent than they do returns. The TRMI derived from equity specific digital news are better predictors than similar sentiment from social media. In the two-regime setting, there is evidence supporting the hypothesis of emotions playing a more important role during stressed markets compared to calm periods. The authors also find differences in sentiment sensitivity between different industries: it is greatest for financials, whereas the energy and information technology sectors are scarcely affected by sentiment. Results are obtained with the R programming language. Code is available from the authors upon request.