18,965 results on '"SPECULATION"'
Search Results
2. How much did pandemic uncertainty affect real-estate speculation? Evidence from on-market valuation of for-sale versus rental properties
- Author
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Petersen, Alexander M
- Subjects
Economics ,Commercial Services ,Applied Economics ,Commerce ,Management ,Tourism and Services ,COVID-19 ,quasi-experiment ,difference-in-difference ,unit-level matching ,real-estate ,speculation ,excess price growth ,Public Health and Health Services ,Banking ,Finance and Investment ,Finance ,Banking ,finance and investment ,Applied economics ,Other economics - Published
- 2024
3. Liquidity constraints and speculation: Evidence from the housing-resale restriction policy in Qingdao, China.
- Author
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Wang, Xiaodong, Yu, Shan, and Zhang, Li
- Subjects
REAL estate sales ,PRICE increases ,HOME prices ,SUBWAY stations ,HOUSING policy - Abstract
This article seeks to explore the efficacy of the Housing-Resale Restriction (HRR) policy in curtailing housing speculation, complementing existing literature that primarily examines the impact of taxation. The HRR policy directly reduces speculative opportunities through heightened liquidity constraints. Employing the methodology of regression discontinuity in time (RDiT), this study analyzes the impact of liquidity constraints on housing price growth rates based on the monthly community-level data from Qingdao, China, where the HRR policy was the most stringent in terms of scope and holding time requirement. The results show that the HRR policy reduced housing price growth rates by 1.3881 to 2.1001% points on average. Moreover, the disincentive impact was less pronounced in affluent, recently developed communities and those near subway stations. These findings provide valuable insights for policymakers to regulate the real estate market, mitigate excessive speculation, and prevent market bubbles. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
4. Proceeding toward the maximum of solar cycle 25 with a radiation environment similar to the previous cycle.
- Author
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Rahmanifard, Fatemeh, MacLeod, Morgan L., de Wet, Wouter C., Jordan, Andrew P., Wilson, Jody K., Spence, Harlan E., and Schwadron, Nathan A.
- Subjects
- *
GALACTIC cosmic rays , *SOLAR activity , *SPACE exploration , *RADIATION , *SPECULATION - Abstract
The Sun exhibited lower-than-average activity levels, including a weak maximum and a prolonged minimum in the solar cycle (SC) 24. Thiswas following a 60-year trend of weakening solar activity, leading to speculations that we could be moving into another secular minimum scenario like the Dalton or the Gleissberg periods. During such periods, the fluxes of galactic cosmic rays (GCRs) increase significantly, introducing radiation hazards for long-term crewed space explorations. In our previous work, we predicted the level of solar activity, and thus, the radiation environment for SC25 will be similar to SC24. In this paper, we show that, to date, the radiation environment observed by CRaTER has been similar to SC24, as we predicted. Furthermore, we predict that if the radiation environment remains similar to SC24, the maximum value for permissible mission duration (PMD) for SC25 will be 917 - 230 + 234 days based on NASA's latest permissible exposure limit (PEL). [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
5. Sanctions and second home tourism: the experience of rural areas in Shemiranat, Iran.
- Author
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Torabi, Zabih-allah, Hall, C. Michael, Allam, Zaheer, Ghaderi, Zahed, and Sharifi, Ayyoob
- Abstract
This study explores the impact of sanctions on the development of second home tourism in the context of a rentier state. The subject was examined with special reference to rural regions of Shemiranat County in Tehran, Iran, where second homes have developed over the past four decades. The results indicating that devaluation of the national currency, caused by the sanctions, led to turmoil in the second home market of Shemiranat. This, in turn, resulted in the development of unique and complicated relationships. Sanctions, coupled with the institutional inefficiency of the rentier state, including heavy dependence on oil-based revenues, legal loopholes, and the absence of efficient executive and supervisory institutions, have exacerbated speculation and expanded informal economies and corruption in the second home market. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
6. Zur Frage der Lokalisierung des sasanidischen Vizekönigtums Gēlān im 3. Jhd. n. Chr.
- Author
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Mosig-Walburg, Karin
- Subjects
SPECULATION ,INHERITANCE & succession ,PROVINCES ,ARGUMENT ,SONS ,INSCRIPTIONS - Abstract
Copyright of KLIO: Beiträge zur Alten Geschichte is the property of De Gruyter and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Published
- 2024
- Full Text
- View/download PDF
7. The Self in the Consulting Room1.
- Author
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Stein, Leslie
- Subjects
- *
SELF-realization , *HOLY Spirit , *SELF , *MYTH , *SPECULATION - Abstract
The realization of the Self, although the absolute basis of Jungian psychology, has internal inconsistencies, is difficult to understand, and offers a promise of realization that cannot be fulfilled. This has weakened it, and its existence is now one of speculation. If this is the case, what is to be done with it in the consulting room? How should it be introduced and accounted for, if at all? This paper suggests some alternatives but concludes that the myth of the Self has gravitas in other established traditions, and it is those that offer a more coherent framework for the emergence of the Self. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
8. The bumpy paths of online sleuthing: Exploring the interactional accomplishment of familiarity, evidence, and authority in online crime discussions.
- Author
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Wästerfors, David, Burcar Alm, Veronika, and Hannerz, Erik
- Subjects
- *
CRIME , *ETHNOLOGY , *POSTERS , *SPECULATION , *INTERNET - Abstract
Much of today's public discourse on crime cases take place on online platforms, as long chains of high-speed posts: speculations, analyses, and laments, as well as ironic, sarcastic, and derogatory comments. These give excellent (and yet risky) possibilities to engage in homemade investigation, with other posters as instant reviewers and audiences. In this article, we explore the interactional origin of case-related familiarity, evidence and authority in crime discussions on the Swedish platform Flashback. Through Internet data and interviews, we show how online sleuths interact digitally with one another so that familiarity with the case is performed, leads and evidence suggested, and investigative authority recognized. We argue that an interactionist and ethnographic approach is needed to uncover such recurring processes in online crime case discussions. The accomplishment of sleuthing is highly dependent on others' shifting responses, and is, therefore, a "bumpy" path. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
9. Were the Cretulae (Clay Sealings) from the Indus Port Town of Lothal Part of an Administrative Archive? Contextual, Interpretive, and Comparative Evidence.
- Author
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Frenez, Dennys
- Subjects
- *
INDUS civilization , *ANCIENT civilization , *CLAY , *SHIPMENT of goods , *SPECULATION - Abstract
Clay sealings (cretulae) have traditionally been assumed to have been used in ancient administrative systems to secure the shipment of commodities and to account for their receipt. However, research in Western Asia has revealed that they were primarily used as a complex administrative tool in the management of storehouses and the goods they contained, ensuring the personal accountability of the individuals under whose seal or combination of seals particular items were stored. Although stamp seals are relatively common finds in the Indus Civilization, clay sealings are not as numerous as in contemporaneous sites throughout Western Asia. This rarity has led to speculation about the actual use of seals in the Indus Civilization. However, the study of an exceptional assemblage of clay sealings found at the Indus site of Lothal in Gujarat, India, has shed light on the function and use of these objects in the Indus Civilization. In particular, the stratigraphic analysis of the discovery context has made it possible to consider the existence of an administrative archive comparable to those excavated in Western Asia. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
10. The Self in the Consulting Room1.
- Author
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Stein, Leslie
- Subjects
SELF-realization ,HOLY Spirit ,SELF ,MYTH ,SPECULATION - Abstract
Copyright of Journal of Analytical Psychology is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Published
- 2024
- Full Text
- View/download PDF
11. Self-organized sports and place: a narrative review accompanied by Gilles Deleuze.
- Author
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Andersson, Åsa
- Subjects
PRACTICE (Sports) ,SPORTS facilities ,ATHLETIC clubs ,SPORTS ,SPECULATION - Abstract
Since the turn of the millennium, the practice of sport has changed significantly as more and more people leave club sports in favor of self-organized sports. A common feature of this change is the need of other spatial conditions than traditional sport facilities. Simultaneously, self-organized sports have largely been overlooked within policy and programs seeking to improve today's sport facilities. The aim of this narrative review is therefore to provide a comprehensive understanding of self-organized sports and their social-spatial needs. From the databases SCOPUS, SportDiscus and ProQuest Social Sciences 66 articles are linked together for reinterpretation and development of three theoretical discussions that are accompanied by Deleuze's philosophy of immanence: The flatness, motion, and the responsivity of self-organized sports. Taking these theoretical aspects into account, it is concluded that self-organized sports need not fully defined places open for unpredictable encounters and that enable speculations of what can be created. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
12. The Ukrainian Gambit: The Sacking of L.H. Mel’nykov and the Post-Stalin Succession.
- Author
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Blauvelt, Timothy
- Subjects
- *
SCHOLARLY method , *ARCHIVAL resources , *COLD War, 1945-1991 , *INHERITANCE & succession , *SPECULATION - Abstract
AbstractA culminating moment in the post-Stalin struggle for power was the abrupt removal in May 1953 of the Ukrainian party boss Leonid Mel’nykov. With no clear succession procedure in place, the main contenders, Beria and Khrushchev, grasped for control over the institutions that might provide them a crucial advantage. Mel’nykov’s sacking became a focus of speculation in Cold War Kremlinology, viewed as a fatal political error by Beria. Utilising more recently available archival sources and the current scholarship of Soviet patronage politics and nationality policy, this article reassesses the clash over the Ukrainian SSR and the likely motivations of the primary actors. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
13. Digital ecologies in practice.
- Author
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Davies, Oscar Hartman, Turnbull, Jonathon, and Searle, Adam
- Subjects
- *
CULTURAL geography , *GEOGRAPHERS , *RESEARCH personnel , *CULTURAL ecology , *GEOGRAPHY , *DIGITAL technology - Abstract
Digital mediation profoundly shapes how cultural geographers understand and encounter nature. Practice-based engagements with digitally mediated natures pose methodological, aesthetic and ethical questions for cultural geographers. Reflecting on a conference held in Bonn, Germany, in July 2022, which brought together a host of artists, practitioners, researchers and designers working at the human-technology-nature interface, this paper introduces the special issue, Digital Ecologies in Practice. The paper reflects on the key themes which cut across contributing articles and sketches a framework for methodologically – and practice – inclined geographers. Specifically, we draw out the ways in which practice-based engagements with digital technologies and processes of digitisation afford novel modes of sensing, speculating and remediating natures that have implications for the doing of both digital ecologies and cultural geographies as fields of research and domains of critical practice. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
14. Cardiac development demystified by use of the HDBR atlas.
- Author
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Anderson, Robert H., Kerwin, Janet, Lamers, Wouter H., Hikspoors, Jill P. J. M., Mohun, Timothy J., Chaudhry, Bill, Lisgo, Steven, and Henderson, Deborah J.
- Subjects
- *
HUMAN biology , *DEVELOPMENTAL biology , *HUMAN embryos , *HISTOLOGY , *SPECULATION , *ARCHES - Abstract
Much has been learned over the last half century regarding the molecular and genetic changes that take place during cardiac development. As yet, however, these advances have not been translated into knowledge regarding the marked changes that take place in the anatomical arrangements of the different cardiac components. As such, therefore, many aspects of cardiac development are still described on the basis of speculation rather than evidence. In this review, we show how controversial aspects of development can readily be arbitrated by the interested spectator by taking advantage of the material now gathered together in the Human Developmental Biology Resource; HDBR. We use the material to demonstrate the changes taking place during the formation of the ventricular loop, the expansion of the atrioventricular canal, the incorporation of the systemic venous sinus, the formation of the pulmonary vein, the process of atrial septation, the remodelling of the pharyngeal arches, the major changes occurring during formation of the outflow tract, the closure of the embryonic interventricular communication, and the formation of the ventricular walls. We suggest that access to the resource makes it possible for the interested observer to arbitrate, for themselves, the ongoing controversies that continue to plague the understanding of cardiac development. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
15. Introducing SWMM5+.
- Author
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Hodges, Ben R., Sharior, Sazzad, Tiernan, Edward D., Jenkins, Eric, Riaño-Briceño, Gerardo, Davila-Hernandez, Cesar, Madadi-Kandjani, Ehsan, and Yu, Cheng-Wei
- Subjects
- *
CIVIL engineering , *CIVIL engineers , *EDITORIAL boards , *READERSHIP , *SPECULATION - Abstract
Forum papers are thought-provoking opinion pieces or essays founded in fact, sometimes containing speculation, on a civil engineering topic of general interest and relevance to the readership of the journal. The views expressed in this Forum article do not necessarily reflect the views of ASCE or the Editorial Board of the journal. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
16. On the dating of sound changes and its implications for language relationship: The case of Proto-Yeniseian *p- > Ket h-, Yugh f-.
- Author
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Fries, Simon and Korobzow, Natalie
- Subjects
COMPARATIVE method ,LINGUISTIC change ,HISTORICAL chronology ,EIGHTEENTH century ,SPECULATION - Abstract
Copyright of Diachronica is the property of John Benjamins Publishing Co. and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Published
- 2024
- Full Text
- View/download PDF
17. Experimenting with the Forecasting Power of Speculation in the Predictability of Carbon Prices.
- Author
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Isah, Kazeem O., Adelakun, Johnson O., and Udeaja, Elias A.
- Subjects
CARBON pricing ,DATA libraries ,EMISSIONS trading ,PREDICTIVE tests ,BIG data - Abstract
Drawing from the big data archive of Google Trends, we innovatively construct a novel data set, the composite news-based speculation index, to proxy for the role of speculation in the predictability of carbon prices. We employ a theory-based multi-factor predictive framework to test the hypothesis that both emission compliance and emission noncompliance dynamics of the ETS matter in the predictability of carbon prices. We show that speculation is a good predictor of carbon prices. We find the robustness of the forecasting power of speculation in the predictability of carbon prices evident for both in-sample and out-of-sample forecasts and across different forecast horizons. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
18. إدارة مخاطر عقد المضاربة في البنوك التشاركية بالمغرب.
- Author
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إكرام محمادي and محمد التوزاني
- Subjects
HELP-seeking behavior ,SPECULATORS ,BANK management ,SPECULATION ,CONTRACTS ,BANKING industry - Abstract
Copyright of Majalat Monazaat Al-Aamal is the property of Majalat Monazaat Al-Aamal and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Published
- 2024
19. 'Money Probably Has Something to Do with My Life': Discourse and Materiality in the Working Lives of Start-Up Entrepreneurs.
- Author
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Musílek, Karel, Jamie, Kimberly, and Learmonth, Mark
- Subjects
BUSINESSPEOPLE ,DISCOURSE analysis ,PRODUCTIVE life span ,NEW business enterprises ,NEOLIBERALISM - Abstract
This article contributes to an understanding of work-intensive entrepreneurial lives as part of analysing the intensification of work in society. It offers an empirical extension of Foucauldian analyses, which attribute commitment to work to the influence of neoliberal enterprise discourse while often neglecting the material conditions of entrepreneurial work. The article draws on moderate constructionism and materialist discourse analysis to offer an account that pays attention to discourse and material realities. This ethnographic study shows how participants evoked norms of enterprise discourse to explain their commitment to work. However, they also understood these norms to be fundamentally shaped by their material conditions. The major contribution of the article is to show that the interpenetration of discursive norms with the investment logic of enterprise tends to displace boundaries between work and personal life and shift temporal arrangements of work from work–life 'balance' to prospects of free time in the imagined future. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
20. The Trouble with Speculation: Natures, Futures, Politics
- Author
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Mortimer, Christine, editor and Alejandra Luján Escalante, Maria, editor
- Published
- 2024
- Full Text
- View/download PDF
21. A study to explore the motives of investors to invest in derivative markets: A PLS-SEM approach
- Author
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Sanghvi Manisha, Sharma Pankaj, and Chandani Arti
- Subjects
speculation ,hedging ,financial literacy ,motives to invest ,derivatives ,pls-sem ,Finance ,HG1-9999 - Abstract
The objective of the study is to explore the motives of investors to invest in derivative markets. It is a quantitative study where a survey method was used to collect data from the investors using a probability sampling method. The data was analyzed using PLS-SEM to test the conceptual model. The results of the study show that speculation, hedging, and financial literacy are strong predictors of investors’ motives to invest in the derivatives market. The R2 was 0.447 implying speculation, hedging, and financial literacy explain 44.7% of the variance of the dependent variable, that is, the motives of investors to invest in equity derivatives, and the adjusted R-square is 0.432 (43.2%) which validates the model. Few studies explore the reasons to invest in derivatives using secondary data. However, to the best of the author’s knowledge studies exploring the motives of investors are rare, and there have been none using primary data from an Indian perspective. The study provides empirical evidence that could be useful to companies, investors, brokers, and policymakers to understand the motives of investors to invest in derivatives.
- Published
- 2024
- Full Text
- View/download PDF
22. Children’s Nonfiction, Biography, and Their Responsibilities to Children
- Author
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Joe Sutliff Sanders
- Subjects
children’s literature ,children’s nonfiction ,Russell Freedman ,Marc Aronson ,critical engagement ,speculation ,Literature (General) ,PN1-6790 - Abstract
A debate over whether children’s nonfiction should “speculate” was launched in 2011. Understood within the context of changing demands on children’s nonfiction, it reveals a contested construction of childhood and suggests that the rules of critical engagement might be different in different genres of children’s nonfiction.
- Published
- 2024
- Full Text
- View/download PDF
23. Cognition: ‘This is a word’. A study of Yaśovijaya-sūri’s <italic>Jaina-tarka-bhāṣā</italic>.
- Author
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Glinicka, Małgorzata
- Subjects
- *
JUDGMENT (Psychology) , *SENSES , *SPECULATION , *INSPIRATION , *LANGUAGE & languages - Abstract
This paper looks at cognition from the perspective of Yaśovijaya-sūri’s
Jaina-tarka-bhāṣā . Considering the nature of sensory cognition (mati-jñāna ), represented by the four stages (sensation, speculation, perceptual judgement, retention) and of verbal cognition (śruta-jñāna ), it reflects on the form and rendering of the word as a raw, physical sound or the meaningful particle of language linked to an infinite number of other such particles, deeply rooted in reliance on linguistic convention. The author considers here what properties such cognition recognises and relates to them especially in light of the theory of viewpoints, providing a contribution to reflections on its meaning. The other questions posed in the article are: which prerequisites are met by people between whom this kind of communication takes place and what role do the scriptures play? Yaśovijaya-sūri’s thought is set in the broader context (Siddhasena Divākara, Jinabhadra Gaṇi, Vādideva-sūri, Dharmabhūṣana, Vinayavijaya Gaṇi), with emphasis of his sources of inspiration. [ABSTRACT FROM AUTHOR]- Published
- 2024
- Full Text
- View/download PDF
24. Does Speculation Matter in the Carbon Pricing Framework? Insights from the EU Emissions Trading System.
- Author
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ISAH, Kazeem O., EBEH, Joy E. A., ABOLUWODI, Damilola, ALIU, Monday, MOHAMMED, Salam S., YAKUBU, Yusuf, and ALI, Muhammad
- Subjects
- *
EMISSIONS trading , *DATA libraries , *BIG data , *SPECULATION , *CLIMATE change , *CARBON pricing - Abstract
To align with the global goal of keeping temperature below 2 ∘ C, a market-based initiative, "Emissions Trading System" (ETS), has been developed to mitigate climate change. However, while the carbon allowances traded at the ETS are mostly held and traded by polluting companies, financial actors engage in "speculation", activities that might be detrimental to the functioning of the ETS have also invested in the ETS. By drawing from the big data archive of Google Trends, we construct a news-based speculation index to proxy for the role of speculation in the dynamics of carbon pricing. Given our preliminary finding of inherent volatility and the mixed-frequency nature of the dataset, we employ the GARCH-MIDAS econometric technique to test the hypothesis that an all-inclusive framework that reflects the emission compliance and emissions non-compliance dynamics of the ETS is the most accurate approach to modeling carbon prices. We show that higher speculation in the ETS fosters higher long-term volatility in carbon prices, that speculation is a good predictor of carbon prices, and that its positive impact on carbon price returns makes the ETS an attractive investment opportunity. We provide a data-driven framework upon which the growing debate about whether the behavior of the non-compliance emission actors in the ETS endangers or benefits the functioning of the ETS can be evaluated empirically. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
25. The LDI (Liability-driven Investment) Debacle, Derivatives and Systemic Risk: There You Go Again!
- Author
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Bavoso, Vincenzo
- Subjects
- *
INTEREST rate swaps , *SYSTEMIC risk (Finance) , *PENSIONS , *SPECULATION , *EMPLOYMENT - Abstract
This article examines the role of derivatives in the context of the recent crisis in the UK pension system, specifically in liability-driven investment schemes. It unveils derivatives' role as instruments that multiply and propagate losses among market participants once specific events (worst-case scenarios) materialise. This article questions the role of derivatives as risk-management and risk-diversification tools, given their employment, in this case as in others before, for speculative purposes. Critically, with speculation came higher than desirable levels of leverage that these financial products elicited, causing in the process a series of systemic concerns. While much criticism has been directed at post-2008 regulation, and particularly at clearing and margin requirements, this article proposes a broader view of the problems posed by derivatives in the different contexts of their applications. More specifically, attention is drawn to legal doctrines that could be redeployed for the purpose of mitigating the speculative nature of derivatives. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
26. Synoptic subjects? The Scope and methods of philosophy, geography and anthropology.
- Author
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Hayes, Emily
- Subjects
- *
OPTICAL instruments , *SCIENTIFIC apparatus & instruments , *HISTORICAL literacy , *ECONOMIC geography , *DRAWING instruments - Abstract
This article identifies the recurring expression 'scope and method/s' in three published lectures by Henry Sidgwick, Halford Mackinder and James George Frazer between 1885 and 1921. It tracks transdisciplinary connections between the thought and practice of late nineteenth-century philosophy, economic science and geography, and early twentieth-century anthropology, thereby illuminating shifting perceptions, and applications, of historical geographical knowledge and imaginations in a broader speculative evolutionary epistemological scheme. At a time when science and humanities subjects were thought to be diverging, it shows that metaphorical uses of optical instruments helped draw synoptic spatio-temporal frames of reference which shaped transdisciplinary and trans -institutional practices. • Speculates about the metaphorical uses of optical instruments in satiotemoral frames of reference. • Presents a projected line of sight between Henry Sidgwick, Halford Mackinder and James George Frazer. • Suggests historical geographical conceptual frameworks were important to philosophy and political economy and anthropology. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
27. An analysis of the effect of audit effort (hours) on stock price volatility: evidence of increasing demand reducing uncertainty.
- Author
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Lim, Hyoung-Joo and Mali, Dafydd
- Subjects
- *
MARKET sentiment , *INVESTMENT information , *DISINVESTMENT , *DISCLOSURE , *SPECULATION , *AUDITING - Abstract
This study uses unique South Korean data to demonstrate whether the public disclosure of audit hour (effort) information influences investor sentiment, proxied by stock price volatility. Over the 2005–2018 sample period, empirical results show that clients that secure increasing levels of audit hours enjoy lower stock price volatility. Furthermore, incrementally higher levels of audit hours reduce stock price volatility to a greater extent for Big4 clients, compared to Non-Big4 clients. Results are consistent after performing various additional tests including endogeneity, fixed/year effects, and after controlling for the audit fee premium effect. The aforementioned findings are interpreted from an audit demand theory perspective. More specifically, following South Korea's unique audit hour disclosure policy, market participants can make audit quality assertions using audit hour information, which influences investment/disinvestment speculation. Given that audit hour information reporting is rare internationally, the results have important audit policy and business planning implications. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
28. The extimate essence of speculation.
- Author
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Vranešević, Goran
- Subjects
- *
SPECULATION , *SELF-interest , *GAZE , *CONTEMPLATION , *AXIOMS - Abstract
The article seeks to delineate the often misunderstood idea of speculation that has conceptually been converted from an epitome of pure thought into an economic category of profitability and self-interest. But to define speculation already means to pose a problem. In Augustine speculation designates the mutual relationship between reflection and the mirrored appearance of God's gaze. This dictates an unattainable task of catching God's gaze, which is more inward than my innermost self and which models our thoughts accordingly. Such extimate activity as defined by Lacan is the formal condition for the construction of visibility and is inscribed into contemplation. The article postulates that this fundamental discrepancy was also the foundation upon which Hegel carved a positive determination of thought. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
29. TRASH AS A MEANS OF RELIGIOUS COMMUNICATION: WARM GREETINGS TO THE GENERAL HEATHEN PUBLIC FROM THE TOXIC TEMPLE.
- Author
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JÖRG, KILIAN
- Subjects
RADIOACTIVE wastes ,FUTURES ,WASTE management ,SPIRITUALITY ,ENVIRONMENTALISM - Abstract
Plastic, cement and nuclear waste will not only outlast us as individuals, but probably also as a species. What we pejoratively call 'trash' is that which will stand for us the longest. All our languages, cultures, and communications will be incomprehensible, and it is our waste that will represent us most virulently in the post-human life. In this sense, the speculative religion-turned-artistic project Toxic Temple regards our trash as a transcendent form of communication. Religion and spirituality were always means of speculating about the more-than-human and the beyond-human. At a time in which religion, at least in a European context, has lost its centrality in how we negotiate our desire for eternity, such eternity has instead become immanent in the form of trash, haunting us both in our present moment and in our possible futures. This essayistic, semi-scholastic contribution to On_Culture presents some of the central pillars of this speculative religion of trash, asking questions about wastefulness and eternity that exceed the boundaries between science, art, the humanities, and religion. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
30. A STUDY TO EXPLORE THE MOTIVES OF INVESTORS TO INVEST IN DERIVATIVE MARKETS: A PLS-SEM APPROACH.
- Author
-
SANGHVI, MANISHA, SHARMA, PANKAJ, and CHANDANI, ARTI
- Subjects
INVESTORS ,DERIVATIVE securities ,CONCEPTUAL models ,SECONDARY analysis ,DEPENDENT variables - Abstract
The objective of the study is to explore the motives of investors to invest in derivative markets. It is a quantitative study where a survey method was used to collect data from the investors using a probability sampling method. The data was analyzed using PLS-SEM to test the conceptual model. The results of the study show that speculation, hedging, and financial literacy are strong predictors of investors' motives to invest in the derivatives market. The R2 was O.447 implying speculation, hedging, and financial literacy explain 44.7% of the variance of the dependent variable, that is, the motives of investors to invest in equity derivatives, and the adjusted R-square is O.432 (43.2%) which validates the model. Few studies explore the reasons to invest in derivatives using secondary data. However, to the best of the author's knowledge studies exploring the motives of investors are rare, and there have been none using primary data from an Indian perspective. The study provides empirical evidence that could be useful to companies, investors, brokers, and policymakers to understand the motives of investors to invest in derivatives. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
31. Future[past]: poéticas artificiales especulativas a través de modelos generativos IA.
- Author
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Gallardo, Miguel Rangil
- Subjects
EXTREME weather ,FUTURES ,TERRORIST organizations ,ARTIFICIAL intelligence ,SPECULATION - Abstract
Copyright of ANIAV: Revista de Investigación en Artes Visuales is the property of Universidad Politecnica de Valencia and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
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- 2024
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32. Toraldo's Composed Pupil: A Theoretical Analysis of the Near Field.
- Author
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Mugnai, Daniela, Bolli, Pietro, Burzagli, Laura, and Olmi, Luca
- Subjects
MICROWAVE measurements ,TEST validity ,OPTICS ,MICROWAVES ,SPECULATION - Abstract
Over the years, there has been much speculation to understand whether (and how) it was possible to go below the diffraction limit. An advance in knowledge was achieved with the development of microwave techniques. In fact, more than fifty years after the publication of Toraldo's article dealing with this topic, some experimental measurements in the range of microwaves confirmed the validity of his model. Since some measurements were performed in the region of near field, while Toraldo's model refers to the far field, the need for a theoretical analysis in the framework of the Fresnel optics arose. The main goal of the present paper is to describe the problem of propagation in the near field (Fresnel optics) by using the same theoretical model already proposed by Toraldo. In order to test the validity of this new approach, the theoretical model has been compared with the FEKO simulation. The comparison of the theoretical model with the FEKO simulation in the far field for an open pupil (an open circular aperture) shows perfect agreement, as expected. We will demonstrate that there is also good agreement in the near field, although it is limited to the region around the main lobe, which is usually the region of main physical interest. Moving away from the main lobe, namely away from the optical axis, the agreement becomes less significant. [ABSTRACT FROM AUTHOR]
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- 2024
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33. Children's Nonfiction, Biography, and Their Responsibilities to Children.
- Author
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Sanders, Joe Sutliff
- Subjects
HISTORIOGRAPHY ,NONFICTION ,BIOGRAPHY (Literary form) ,CHILDREN'S literature ,SPECULATION - Abstract
A debate over whether children's nonfiction should "speculate" was launched in 2011. Understood within the context of changing demands on children's nonfiction, it reveals a contested construction of childhood and suggests that the rules of critical engagement might be different in different genres of children's nonfiction. [ABSTRACT FROM AUTHOR]
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- 2024
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34. Gambling preference and entity corporate financialization: evidence from China.
- Author
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Zuo, Jingjing, Guo, Zhuming, Qiu, Baoyin, and Xie, Huili
- Subjects
GAMBLING ,FINANCIALIZATION - Abstract
We use a sample of Chinese firms to examine the impact of local gambling preference on corporate financialization. Our findings suggest that when a firm is located in a region with stronger gambling preference, it commits more corporate financialization. Specifically, strong opportunism and high risk-taking ability are the main mechanisms. In addition, we provide evidence based on gambling psychology that 'house money effect' and 'break-even effect' strengthen the positive relationship between gambling preference and entity corporate financialization. [ABSTRACT FROM AUTHOR]
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- 2024
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35. Future Contracts and Delayed Contracts.
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Abdulameer, Hussain Hadi
- Subjects
- *
SHORT selling (Securities) , *FUTURES market , *INVESTORS , *MARKET sentiment , *BUYER'S market - Abstract
The contracts which are used by companies and investors to be careful of the risk or speculation of business are called future contracts & delayed contracts. Future & delayed contracts are considered as a good instance of etymological belongings that extract their values from the underlying belongings. A future contract is a unified legitimate deal to buy or sell something at a predetermined price and at a specific time in the future. The traded belonging is mostly a commodity or financial tool. The price which is pre-determined earlier and at which both parties are agreed upon (i.e. to buy and sell the belonging) is known as the delayed price. The specific time in the future is known as the delivery date which means when delivery and payment occur. The contracts which are negotiated on futures exchanges act as a market between buyers and sellers. The person who buys the contract is known as the holder of a long position and the person who sells the contract is known as the holder of the short position. A futures contract for stocks is a cash-settled future contract on the value of a particular stock market index. Future contracts for stocks are defined as one of the high-risk trading tools in the market. Future contracts for Stock market indicator are also used as indicators to determine market sentiment. [ABSTRACT FROM AUTHOR]
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- 2024
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- View/download PDF
36. Place meaning, speculation, and emerging public perceptions of carbonstoring marine sediments in Dundalk Bay, Ireland.
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Buitendijk, Tomas, Thiemt, Britta, Schuitema, Geertje, Crowe, Tasman P., and Coughlan, Mark
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- *
OCEAN zoning , *MARINE sediments , *SCIENTIFIC knowledge , *MARINE parks & reserves , *DREDGING (Fisheries) , *COASTAL sediments - Abstract
The natural capacity of marine sediments to capture, sequester, and store organic carbon has been recognized by researchers and policy makers for its potential to mitigate against climate change. As a result, Marine Spatial Planning (MSP) and Marine Protected Area (MPA) designation processes increasingly aim to protect "blue carbon" stored in marine sediments by reducing anthropogenic activities that disturb the seabed (e.g., bottom trawling). In this research, we engaged with coastal residents around Dundalk Bay, Ireland to explore public perceptions of the presence and management of carbon-storing marine sediments in the context of the multifaceted relationship between communities and the environment. This has not been previously studied in an empirical setting. Given the largely "unknown" character of this source of blue carbon, we theorized that speculation played a key role in sustaining emerging perceptions of the sediments, by creating a link with existing place meanings. We used interviews (n = 12) and a focus group (n = 7). Reflexive thematic analysis of the data showed that local residents associated multiple, overlapping meanings with Dundalk Bay. We found evidence that speculative mechanisms such as analogy and experiential knowledge were used to bridge between existing place meanings and emerging perceptions of carbon-storing marine sediments, which also helped indicate the valence of people's feelings about the sediments. We found different views about the presence of the sediments, and residents varied in their prioritization of measures to protect either nature or economic activity in the bay. Because of scientific knowledge gaps related to the distribution and character of marine sediments and the impacts of anthropogenic activity, participants stressed the need for further research and a careful approach to the management of the bay and its sediments. Our work reiterates the importance of recognizing existing people-place connections to understand potential responses to changes in the use and/or management of marine environments. This can help achieve a more engaged and socially acceptable MSP process. [ABSTRACT FROM AUTHOR]
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- 2024
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37. Getting from here to there: The contingency of historical evidence and the value of speculation.
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Swaim, Daniel G.
- Subjects
- *
SPECULATION , *NARRATIVES - Abstract
Here I look to some work in the historical sciences in order to draw out some of the epistemic benefits of "speculative narratives," which bears on some more general epistemic benefits of speculative reasoning. Due to the contingent nature of much historical evidence, some degree of speculative reasoning is necessary to get the epistemological ball rolling in the historical sciences, and I argue that speculative narratives provide the necessary sort of frameworking apparatus for doing precisely this. I use contemporary work on the first peopling of the Americas (the "Clovis First Debate") for illustration. [ABSTRACT FROM AUTHOR]
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- 2024
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38. Unity in Reason: Mendelssohn on the Conflict between Common Sense and Speculation.
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Sánchez de León Serrano, José María
- Subjects
- *
INTELLECT , *WAKEFULNESS , *SPECULATION , *CONCORD , *GOD - Abstract
The paper aims to clarify Mendelssohn's stance on speculative philosophy by connecting the conflict between common sense and speculation with the notion of approval-drive. It argues that Mendelssohn identifies a principle of existence in the faculty of approval, aligning common sense with the divine nature, thereby challenging the skepticism inherent in metaphysical speculation. By invoking God's creative impetus, Mendelssohn demonstrates that the ontologically abundant world conceived by common sense is more consistent with the divine nature than the ontologically impoverished worlds envisioned by metaphysicians. This approach positions Mendelssohn within the tradition of Descartes, Spinoza and Leibniz, emphasizing the role of the divine intellect as the guarantee of the accord between perceived and actual reality. [ABSTRACT FROM AUTHOR]
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- 2024
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39. An Adoption of the Fractional Maxwell Model for Characterizing the Interfacial Dilational Viscoelasticity of Complex Surfactant Systems.
- Author
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Loglio, Giuseppe, Czakaj, Agnieszka, Jarek, Ewelina, Kovalchuk, Volodymyr I., Krzan, Marcel, Liggieri, Libero, Miller, Reinhard, and Warszynski, Piotr
- Subjects
VISCOELASTICITY ,AQUEOUS solutions ,PHYSICAL constants ,SURFACE active agents ,SPECULATION - Abstract
In this communication, the single-element version of the fractional Maxwell model (single FMM) is adopted to quantify the observed behaviour of the interfacial dilational viscoelasticity. This mathematical tool is applied to the results obtained by the oscillating drop method for aqueous solutions of ethyl lauroyl arginate (LAE). The single FMM adequately fits the experimental results, fairly well characterizing the frequency dependence of the modulus and the inherent phase-shift angle of the complex physical quantity, i.e., the interfacial dilational viscoelasticity. Further speculations are envisaged to apply the FMM to step perturbations in the time domain, allowing for the same parameter set as in the frequency domain. [ABSTRACT FROM AUTHOR]
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- 2024
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40. Ambivalent Speculations: Learning to Live with Barrett’s Esophagus in the UK Using Facebook Support Groups.
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Davies, Elspeth
- Subjects
- *
SUPPORT groups , *DISEASE risk factors , *ESOPHAGEAL cancer , *ESOPHAGUS , *SPECULATION - Abstract
Drawing on fieldwork in Facebook support groups, in this article I explore how people, now patients, learnt to live with Barrett’s esophagus, a risk state or “precancer” for a type of esophageal cancer. This diagnosis brought the possibility of both facing and averting cancerous futures into the present. Far from passive recipients, members worked to foreground speculations of “wanted futures” in which prompt surveillance successfully prevented cancer deaths, transforming cancer risk into an opportunity for hope. Speculation here was an ambivalent and active process, involving not only the “observation of potentiality,” but the opening up and foreclosing of both desirable and undesirable potentialities. [ABSTRACT FROM AUTHOR]
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- 2024
- Full Text
- View/download PDF
41. Births in Low‐ and Middle‐Income Countries during the COVID‐19 Pandemic.
- Author
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Kim, Seoyoung, Chirinda, Witness, Han, Mansuk Daniel, and Snow, Rachel
- Subjects
- *
FAMILY planning services , *COVID-19 pandemic , *FERTILITY , *PANDEMICS , *MIDDLE-income countries , *SPECULATION - Abstract
The impact of the COVID‐19 pandemic on fertility in low‐ and middle‐income countries (LMICs) remains a subject of much speculation. This article reports monthly birth registration data from 18 United Nations Population Fund (UNFPA) program countries, all predominantly LMICs, both before and after the onset of the COVID pandemic. Despite disruptions in family planning services in many of these countries during the early months of the pandemic, monthly birth data show no observable impact of COVID‐19 on births in four countries (Bahrain, Bangladesh, Cuba, Georgia), a short‐term decline then rebound in six countries (Brazil, Colombia, Kosovo, Serbia, Thailand, Ukraine), a relatively longer decline in six countries (Bolivia, Bhutan, Moldova, Mongolia, Oman, Qatar), and a brief increase before reverting to pre‐COVID levels in two countries (Sao Tome and Principe, Peru). This is not unlike the heterogeneous effects reported from high‐income countries. Nonetheless, the lack of birth registration data from the least developed countries, particularly those in Africa, reminds us of the urgent need to improve coverage and completeness of birth registration to monitor and understand future fertility dynamics. [ABSTRACT FROM AUTHOR]
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- 2024
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42. The Maternal Psychophysical Knot.
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Webster, Jamieson
- Subjects
- *
BIRTHPLACES , *MOTHERS , *SPECULATION , *FATHERS , *ANGLES - Abstract
The idea of birth trauma places a psychophysical knot at the center of the constitution of the psyche tied to maternal space. What does it mean that the maternal is seen as a site of trauma and regressive desire? How do women experience being this place? While Freud's neglect of the importance of the mother and hyper-emphasis on the father has been visited and re-visited, from the angle of birth trauma, an idea he fought against fearsomely, we begin to witness something important concerning his efforts to move away from this battleground. Not to erase the mother, but to leave something Real there intact. Revisiting three wild speculations on the psychoanalytic meaning of birth, I ask about this maternal knot. [ABSTRACT FROM AUTHOR]
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- 2024
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43. Let's speculate about it: When and why consumers want to discuss mystery products.
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Kovacheva, Aleksandra and Wiener, Hillary J. D.
- Subjects
- *
CONSUMERS , *SPECULATION - Abstract
Research suggests that mystery products can be appealing to consumers and can motivate interest and purchase. In this paper, we examine a different benefit of these offerings—their effect on driving conversation. We propose that such products can prompt a conversation due to their ability to motivate joint speculation, or the process of thinking about possible resolutions of the uncertainty with others. We define this novel driver of conversation, delineate it from related constructs, and situate it in the literature. We then provide initial evidence for the proposed theory in seven studies (n = 2835), demonstrating that mystery products increase the desire for conversation (Studies 1, 3–4, Supplemental Studies A–C) and generate joint speculation (Studies 2–4, Supplemental Study B–C). We also rule out alternative explanations (such as information acquisition and savouring, Study 3; novelty, Supplemental Study B). These effects, however, are attenuated for closed‐minded consumers (Study 4), who are less open to considering multiple perspectives and thereby less interested in joint speculation. We conclude with directions for future research and implications for marketers. [ABSTRACT FROM AUTHOR]
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- 2024
- Full Text
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44. Diverse approaches to protecting biodiversity: The different conservation measures discussed as possible other effective area‐based conservation measures.
- Author
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Cook, Carly N.
- Subjects
- *
BIODIVERSITY , *PROTECTED areas , *FORESTS & forestry , *FISHERIES , *SPECULATION , *BIODIVERSITY conservation - Abstract
Other effective area‐based conservation measures (OECMs) create opportunities for a wide range of area‐based conservation strategies. As countries seek to integrate OECMs into conservation planning, it is useful to consider the types of areas that might meet the formal criteria. To support this goal, I analyzed the different types of measures discussed as possible OECMs in the literature, identifying a wide range of measures, far more diverse than those currently recognized as OECMs. There was a strong emphasis on measures with conservation as a secondary management objective, with most studies being supportive of the potential to balance biodiversity conservation and sustainable resource use. However, many studies have highlighted the need to ensure biodiversity outcomes are achieved and sustained, and that appropriate governance and management structures are in place. Concerns were raised about measures associated with resource extraction, such as fisheries and forestry, which were often considered incompatible with conservation. Very few studies offered a nuanced discussion of specific measures or evaluated whether sites offer conservation outcomes, leaving clear knowledge gaps in translating speculation into evidence. Nevertheless, the current literature offers a strong starting point from which to target potential case studies to build the evidence base necessary to advance OECMs. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
45. The iSPAC.
- Author
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Nawaz, Tasawar
- Subjects
SPECIAL purpose acquisition companies ,INTEREST rates ,ISLAMIC finance ,WEALTH distribution ,FINANCIAL services industry ,RISK sharing ,WEALTH ,VOLCKER Rule (U.S.) - Abstract
Special purpose acquisition companies (SPACs) are one of the most celebrated investment vehicles in recent years. Relative to traditional IPOs, SPACs are much more cash-strapped and speculative. Resultantly, the scope for SPACs remains sparse for certain segments of the financial system notwithstanding the SPAC euphoria surrounding the financial markets: one notable exception is Islamic banking and finance. The Islamic banking business model is based upon the ethical ontologies and epistemologies – informed by the divine sources of Quran and Sunnah: the Shariah – operating with the mandate to promote socio-economic justice through a fair redistribution of wealth while embargoing speculative trading or investments and adopting a risk-sharing model between economic agents. Unsurprisingly, – owing to the speculative nature of SPACs – the Islamic finance industry remains reluctant to participate in the SPAC-mania despite the frenzy engulfing global securities markets. This work addresses the misaligned incentives inherent in a conventional SPAC structure and proposes alternative SPAC structure terms i.e., the iSPAC, which potentially mitigates the noted misaligned incentives and offers less dilutive SPAC terms to shareholders. Specifically, iSPAC structure terms address the issues of speculation (gharar), information asymmetry, and transparency in the pre-IPO phase, which may lead to adverse selection and moral hazard. Equally, the proposed structure reconciles post-IPO operational and investment-related risks such as the treatment of proceeds, interest rate (riba), opportunity costs, and management costs in consort with unethical behavior i.e. cashing-out opportunities that may lead to uneven redistribution of wealth thereby, widening the socio-economic voids in the society. [ABSTRACT FROM AUTHOR]
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- 2024
- Full Text
- View/download PDF
46. Whitehead and Victorian Philosophy of Science: A Historical Investigation of the Concept of Hypothesis.
- Author
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Arimura, Naoki
- Abstract
In the Harvard lectures of 1924–1925, Alfred North Whitehead proposed that our various intellectual activities amounted to an attempt to understand the world and our experiences through hypothesizing. He explained the importance of hypothesis in scientific research and extended the idea of hypothesis to the philosophical method called "speculative philosophy." For Whitehead, philosophy was the attempt to formulate general hypotheses that can transcend disciplines. This paper is intended to explore the possible influence of Victorian philosophers on Whitehead. Victorian philosophers such as John Herschel, William Whewell, and John Stuart Mill discussed the role of hypothesis in scientific discovery. Was Whitehead aware of this tradition? Was he influenced by it? This article indicates that Whitehead at least indirectly inherited the Victorian idea of hypothesis, notably in the thought of Whewell, as mediated by Charles Darwin. [ABSTRACT FROM AUTHOR]
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- 2024
- Full Text
- View/download PDF
47. Summoning the ghosts of the AnArchive.
- Author
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Wilke, Tin
- Subjects
ARTIFICIAL neural networks ,COLLECTIVE memory ,FILM archives ,NATURAL resources ,COLD War, 1945-1991 - Abstract
Copyright of Artnodes is the property of Universitat Oberta de Catalunya and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Published
- 2024
- Full Text
- View/download PDF
48. The Postapocalyptic Imagination in the American West.
- Author
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Hay, John
- Subjects
AMERICAN authors ,BIRTHPLACES ,GOLD ,SPECULATION ,FICTION ,IMAGINATION - Abstract
The origins of the postapocalyptic genre are debatable, but modern fictional accounts involving a small band of survivors in the aftermath of a devastating global catastrophe seem to date from the 1880s. This article traces the postapocalyptic imagination to the American West in this era, considering especially the instability and volatility that characterized San Francisco and other Western locales in the wake of the midcentury Gold Rush. The boom-and-bust nature of enterprise in the region encouraged speculation about rapid accumulation and sudden annihilation. Robert Duncan Milne, a Scottish American author who wrote for San Francisco periodicals, emerged as one of the first figures in the world to pen a postapocalyptic fiction. And Milne's work in turn inspired succeeding influential authors, leading eventually to books by Jack London, George R. Stewart, and Kim Stanley Robinson. This article argues that the American West might thus be considered the birthplace of the modern postapocalyptic imagination. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
49. Les routes de la soie en Afrique de l'Est à l'ère de Xi Jinping: une volonté de contrôle ou une stratégie opportuniste?
- Author
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Lasserre, Frédéric and Alexeeva, Olga
- Subjects
BELT & Road Initiative ,INFRASTRUCTURE (Economics) ,AFRICA-China relations ,SPECULATION ,COOPERATION - Abstract
Copyright of Interventions Économiques is the property of Association d'Economie Politique and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Published
- 2024
50. A nascent market for digital assets: Exploration of consumer value of NFTs
- Author
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Tatiana Zalan and Elissar Toufaily
- Subjects
Non-fungible tokens ,NFT ,Consumer value ,Speculation ,Digital assets ,web3 ,Business ,HF5001-6182 - Abstract
Despite widespread academic and practitioner interest in non-fungible tokens (NFTs) as a form of digital assets, little is known about how consumers perceive NFT value. This exploratory research investigates why people create, trade or collect NFTs, what value they derive from them, and how online communities contribute to value co-creation. Over the course of two rounds, we interview 38 participants, most of whom are digital natives. We find that engaging with NFTs is the new form of day trading, reflecting financialization of everyday life. The value of NFTs is mainly speculative and utilitarian, and NFTs themselves are best thought of as derivatives. Value co-creation in NFT project communities is largely focused on gaining superior information about the project. We contribute to the crypto-marketing and web3 literature by advancing a novel model of NFT consumer value that extends Holbrook's (1999) typology and distinguishes both positive and negative aspects of consumer value that have been overlooked in mainstream literature. We shed light on the role of communities in an unusual setting: a nascent, illiquid, speculative, informationally opaque market for digital assets. Our study helps creators and brand managers to develop effective NFT strategies.
- Published
- 2024
- Full Text
- View/download PDF
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