Higher Investment Returns Research Articles

Dynamic multiscale analysis of causality among mining stock prices

This paper combines the ensemble empirical mode decomposition(EEMD) method, the transfer entropy(TE) method and complex network theory to analyze the causal relationships among Chinese mining stock prices on multiple time scales. The results show that the strength of the causal relationship among mining stocks increases with cycle growth and that the causal relationship between stocks and subindustries is asymmetric and time-varying. On the three time scales, the weighted in-degree, weighted out-degree and weighted betweenness centrality of the five subindustries all show a trend of increasing and decreasing at the same time. In addition, we construct high and low transfer entropy portfolios and find that the high transfer entropy portfolio has higher investment returns when the stock market is good, and the low transfer entropy portfolio has less investment loss when the stock market is bad. Investors are advised to pay attention to the stocks included in the high transfer entropy portfolio when the market is good, and vice versa when the market is bad. Regulators are advised to pay attention to the subindustries with heavy positions in the high transfer entropy portfolio.

The effect of high-yielding variety on rice yield, farm income and household nutrition: evidence from rural Bangladesh

Abstract Background High-yielding variety (HYV) seed breeding has been one key approach to improving agricultural productivity and to reduce global hunger and poverty. This paper explores the causal relationship between high-yielding rice variety, rice productivity, farm income and household nutrition. A challenge with evaluating the impact of changes such as crop varieties on yield is self-selection and endogeneity. This article robustly identifies marginal input contributions, correcting for self-selection potential by applying matched Difference in Difference method. Results We found that the farms that switched from local to HYV, experienced around 35% higher yield and 76% higher profit from Aman rice than non-adopting farms. More calorie intake, more protein and especially higher fruit and vegetable intake meant less calorie poverty for adopted households. Conclusion This recent evidence suggests improved seed remains a high potential return investment for regions of the world where smallholder farming and malnutrition is a wider phenomenon.

Hybrid data decomposition-based deep learning for Bitcoin prediction and algorithm trading

In recent years, Bitcoin has received substantial attention as potentially high-earning investment. However, its volatile price movement exhibits great financial risks. Therefore, how to accurately predict and capture changing trends in the Bitcoin market is of substantial importance to investors and policy makers. However, empirical works in the Bitcoin forecasting and trading support systems are at an early stage. To fill this void, this study proposes a novel data decomposition-based hybrid bidirectional deep-learning model in forecasting the daily price change in the Bitcoin market and conducting algorithmic trading on the market. Two primary steps are involved in our methodology framework, namely, data decomposition for inner factors extraction and bidirectional deep learning for forecasting the Bitcoin price. Results demonstrate that the proposed model outperforms other benchmark models, including econometric models, machine-learning models, and deep-learning models. Furthermore, the proposed model achieved higher investment returns than all benchmark models and the buy-and-hold strategy in a trading simulation. The robustness of the model is verified through multiple forecasting periods and testing intervals.

Risk Aversion and Gender Gaps in Technology Adoption by Smallholder Farmers: Evidence from Ethiopia

Adoption of chemical fertilizers is a high-risk and high-return investment option for smallholder agricultural households that heavily rely on rainfall. I document a persistent gap of above 10% in the adoption of chemical fertilizer between male- and female-headed smallholder farmers in Ethiopia. This gender gap remains after accounting for household characteristics, access to complimentary farm inputs, access to credit, soil quality, and crop selection. Using historical variability of rainfall at the district level as a measure of a district’s risk of crop failure, I find strong evidence that the gender gap in fertilizer adoption increases with the level of risk in the district. I explore the role of two competing hypotheses to explain this observation: gender difference in risk aversion and differential access to consumption smoothing/liquidity constraints by male- and female-headed households. I find strong evidence that gender differences in access to consumption smoothing/liquidity constraints play a minimal role, implying that gender difference in risk aversion plays the dominant role. This is consistent with a bulk of lab and field experimental studies that find evidence that women tend to be more risk-averse than men.

A Comparative Study of Fundamental and Technical Analysis on Private Sector Banks

All investment is the allocation of money to assets that are expected to yield some gain over a period of time. One of the best high risk and return investments was buying shares in stock exchange. Through these fundamental and technical analysis helps to reduce the risk. The fundamental analysis is used to understand the trend and growth of the economic, industry and company. For this analysis investor used many tools like EPS, PE ratio, Book value, ROE, etc. The technical analysis is used to understand price moment of the stocks and index. For this analysis investor used many tools like Trend, Support and Resistance, RSI, MACD, etc. From this study investors can able to understand and find low risk stocks in Nifty Private Bank. There is no analysis tools and strategy to find the risk free stock. This analysis helps to find the profitable stocks in Nifty Private Bank.

Integrated Intellectual Investment Portfolio as an Efficient Instrument to Manage Personal Financial Investment

The redistribution of resources in global stock markets is prevalent: the capital is transferred from one investor to another. Sometimes, earning a substantial return in the stock market seems complicated to implement for an individual investor. Investing contributes to the welfare of society and the wealth of citizens. This is why people should look for efficient ways to invest. Investment should become a natural part of personal finance management in the majority of households. For this reason, an investment model is developed where stocks are selected based only on market intelligence using historical data. The model helps find one or several stocks that generate the highest return on a separate step. Applying this model, experiments were performed with daily data from German, US, and UK stock markets. The possibility of obtaining higher than average returns in these markets has been noticed. In the German market, during the 97-day period, the authors obtained a 1.46 return, which implies a 2.31 annual return: in the USA market, a 2.37 return (7.93 annual return), and in the UK market, a 1.90 return (4.09 annual return). Thus, the proposed investment decision-making system could be an efficient tool for forming a sustainable individual or household portfolio. It can generate higher investment returns for an investor and, moreover, make the market more efficient by applying market intelligence and related historical data.

Development Status and Trends in the Eel Farming Industry in Asia

AbstractGlobal eel production has dramatically increased over the last 30 years because of the expansion of eel farming. In 2018, 47 countries were engaged in eel production, with a total output of 277,103 metric tons and a total value of US$2.67 × 109 for eel imports and exports. To better understand the development status of the eel industry, especially in China, and to protect glass eel resources and promote the healthy development of the industry, we summarize the current development status of eel culture in terms of eel production, natural recruitment, imports, and exports. Japanese and Chinese production, imports, and exports are the main focus of this study. The eel production industry is characterized by high investment, high risk, and high returns. Since the mid‐1990s, China has been the world’s leading country for eel culture in terms of yield, accounting for over 80% of global yield. The profit margin is over 60% for eel farming in China. Japan has a long history of eel culture, and it is the dominant consumer market for eels, with 50% of the world’s consumption. Countermeasures and suggestions are proposed to promote the development of the eel industry due to severe problems, such as declines in wild glass eel recruitment since 2018, an increasing demand for eels, the excessive dependence on exports to the Japanese market, and the effects of environmental protection policies on the eel industry in China. These measures include protecting eel germplasm resources and developing other cultured varieties as well as developing international emerging markets and cultivating domestic markets to strengthen the eel brand. Furthermore, trade associations should be developed in order to provide information for farmers and strengthen interactions with the government.

Examining the relationship between farmers' perceived trust and investment preferences

AbstractThis paper investigates whether trust influences investment decisions. We analyse the 2015/2016 Nigeria General Household Survey data from 4582 households. We find that trust, risk and time preferences are important determinants of investment choice. A high trust decreases the chance of investing in low risk and low‐profit businesses. That is, more trusting individuals prefer riskier high return investments. In contrast, impatience and risk avoidance increase the chances of investing in low‐risk, low‐return businesses. This paper will be useful in planning an investment instrument that is both suitable for specific individuals and aligns with the expectations of financial institutions and government.

The Performance of Canadian Listed Cannabis Equities: 1996-2020

This research investigates the investment performance of Canadian listed cannabis stocks. Canada legalized medical marijuana in 2001, following the initiation of medical marijuana authorization by some states in the US starting in 1996, and completely approved cannabis products in 2018. Investing in the 89 Canadian cannabis equities (listed on the Toronto Stock Exchange, Canadian Securities Exchange, Toronto Venture Stock Exchange, and Over-the-Counter Market) as an industry portfolio, based on weekly returns for the 1996 to 2020 period, generated high mean returns, standard deviation, positive skewness, and kurtosis. Robustness tests taking the winsorised returns (deleting the top and bottom 10 percent of returns) produced qualitatively similar results. Further, both the portfolio alpha and beta were extremely high. More so, the Canadian cannabis portfolio garnered excess returns when compared to the Standard and Poor’s Toronto Stock Exchange Composite Index. Money managers, financial analysts, and investors should contemplate including Canadian listed  cannabis stocks based on their high investment return. 

Supporting Drug Development for Neglected Tropical Diseases Using Mathematical Modeling.

Drug-based interventions are at the heart of global efforts to reach elimination as a public health problem (trachoma, soil-transmitted helminthiases, schistosomiasis, lymphatic filariasis) or elimination of transmission (onchocerciasis) for 5 of the most prevalent neglected tropical diseases tackled via the World Health Organization preventive chemotherapy strategy. While for some of these diseases there is optimism that currently available drugs will be sufficient to achieve the proposed elimination goals, for others—particularly onchocerciasis—there is a growing consensus that novel therapeutic options will be needed. Since in this area no high return of investment is possible, minimizing wasted money and resources is essential. Here, we use illustrative results to show how mathematical modeling can guide the drug development pathway, yielding resource-saving and efficiency payoffs, from the refinement of target product profiles and intended context of use to the design of clinical trials.

Assessing the Benefits and Economic Feasibility of Stand Improvement for Central Hardwood Forests

Abstract Stand improvement (SI) has been widely accepted as an effective forest management tool. Yet most studies on its economic feasibility for nonindustrial private forest (NIPF) landowners are outdated and focus on the single stand level. The objective of this study was to conduct an economic assessment of SI’s effects and feasibility in hardwood stands for a case study in the White River Basin in Indiana. It is shown that SI could make these forests more productive and sustainable than the prevalent “hands-off” practice by enhancing the timber value of the residual stand (TV), generating regular timber income, and to some degree, reversing the decline in oak dominance. On average, a 25% increment in the TV could be achieved. Although costly for some NIPFs, once combined with voluntary financial incentive programs, SI could meet landowners’ demands for low-cost, high-return investment options. In particular, participation in the Environmental Quality Incentive Program could, on average, increase the net present value of timber income from thinning activities by nearly $1,600 per hectare over the course of 30 years. The spatial analysis revealed that there existed considerable spatial heterogeneity in SI benefits and impacts, suggesting that public incentive programs should be spatially targeted to achieve greater efficiency.

Inclusive banking, financial regulation and bank performance: Cross-country evidence

Abstract This paper investigates whether inclusive banking can boost bank-level performance, using an international sample of 1,740 banks over the period 2004-2015. We find that there is a significant positive association between financial inclusion and bank efficiency. Greater financial inclusion helps banks in reducing the volatility of their deposit-funding share as it provides more stable long-term funds for banks, while also mitigating the adverse effects of their return volatility. The association is stronger in countries with limited restrictions on banking activities or more capital regulation stringency as the deposit channel enables greater flow of low-cost funds for high-return investments. The results are robust to instrumental variable analysis, multiple dimensions of financial inclusion (supply, demand, and pro-access policy), and a difference-in-differences estimator that exploits cross-country and temporal variations in actively promoting an inclusive agenda, further confirming that inclusive financial development can be beneficial for banks.

DSGE-МОДЕЛЮВАННЯ У ФОКУСІ ФІСКАЛЬНО-МОНЕТАРНОЇ ПРОБЛЕМАТИКИ

Due to the intensification of the economic crisis in the late 20th – early 21st, fiscal and monetary issues have activated an impressive discourse, which became the prominent markers of helpful research engines for supporting sustainable development in the face of increasing debt burden. One of the most effective scenario modeling methods for implementing economic policy is the Dynamic Stochastic General Equilibrium (DSGE) model. The global practice in operating with such a tool is focused mainly on developed countries, while developing economies have significant differences and require notable adjustments. The goal of the presented study is to highlight the exercise of solving fiscal and monetary issues using a DSGE modeling toolkit for a developing economy. An incomplete list of proven features of DSGE modeling for a developing economy regarding the solution of fiscal and monetary issues includes: a high proportion of non-Ricardian consumers, forced unemployment, limited competition in the labor market, a significant volume of remittances, low efficiency and high capital return of public investment, low degree of home bias, smoothing crowding-out effect, financial repressions, limited mobility in the international capital market, lack of clear and transparent rules, and overruled fiscal and monetary spaces. In the context of the fiscal and monetary study, problematic issues of DSGE modeling are not limited only to the difficulties of theoretical and technical solutions. With the gradual elimination of barriers between the sectors in the world economy due to global transformations, the driving forces of growth require reviewing the anti-crisis management toolkit. Taking into account the progressive technological shifts in the field of information transmission and processing, the solution of the listed problematic issues related to the theoretical and technical support of DSGE modeling for a developing economy adds a new definition to the powerful hardware tool that reproduces specific scenario conditions for assessing the consequences of economic policy implementations.

When A Girl Becomes A Tree: The Seductive Promise of the Girl Effect

Investing in girls’ education and economic opportunity has become a growing focus area within international development and corporate philanthropy, often framed as a long-term economic growth strategy first and a gender equality strategy second. Through feminist and postcolonial lenses, Kathryn Moeller’s The Gender Effect: Capitalism, Feminism, and the Corporate Politics of Development uncovers the shaky ground on which this narrative of girl empowerment has been built and poses fundamental questions regarding the need for girls to be high-return investments to be worthy of aid and attention. In her Rio de Janeiro-based ethnography, Moeller chooses to center and humanize the experiences of the young female participants of the Nike Foundation’s interventions, exploring their aspirations, needs, and challenges which the interventions often fail to meaningfully address. Ultimately, Moeller makes a persuasive case for not letting the macro theory of change get in the way of understanding the unique forms of structural discrimination and violence girls experience that are deeply tied to local culture and institutions that no amount of corporate goodwill alone can solve.

How does economic policy uncertainty affect corporate risk-taking? Evidence from China

Using the firm-level data from China over the time period 2007-2018, we investigate how EPU affect the corporate risk-taking. Our empirical results show that EPU can significantly reduce the corporate risk-taking. However, such significant evidence mainly exists on the non-state-owned firms. Moreover, financing constraints level in the enterprise is an essential factor adjusting the effect of EPU on corporate risk-taking, and we find that firms with financing constraints become risk aversion in facing with EPU shocks. The conclusion of this study provides theoretical basis and practical reference for enterprises to make better decisions on high-risk and high-return investment projects.

RECEPTIVENESS OF GOLD ACCUMULATION PROGRAM IN MALAYSIA: AN EMPIRICAL INVESTIGATION

Gold is credence as an essence of deluxe and wealth in the sight of humankind. History has witnessed that gold is one of the best high long-term investment returns. In Malaysia's context, gold investments are broken down into three (3) offerings. These include physical gold investments, gold investment accounts or gold savings accounts and blockchains for improved financial returns of the prospective gold investors or gold investors itself. Public Gold strengthens the emerging popularity of gold investment accounts in Malaysia through the offering of Gold Accumulation Program (GAP) as one of the gold investment account platforms for investors to diversify their investments. Through this facility, investors are hassle-free to invest and keep their gold with Shariah-based products. However, to what extent do people in East Malaysia are willing to perform in Gold Accumulation Program? It remains unexplored in the body of knowledge that warrants the undertaking of the current study to void the gap. This topic is of utmost importance. The significance of investing in Gold Accumulation Program (GAP) can solve the issues of Muslim investors. They are previously might be investing in forbidden forms of gold investments, which are non-Shariah compliant outlets. By all means, the current study examines the receptiveness of retail investors in performing the GAP in East Malaysia, where some deliberations of critical factors are brought into play.

The State of the Food Market: New Signals and Old Problems

ABSTRACT The current situation in the agro-food market is characterized by, on the one hand, the differentiation of food market saturation, and on the other hand, by a reduction in consumer demand. The fall of the real incomes of the population has led to lower consumer demand and an increase in the share of food expenditures in households, which is shown by an analysis of regional statistics. The recent rise in food prices casts doubt on the usefulness of protectionism. The author argues that protectionist policies should not lower the standard of living of the population, but rather combine market mechanisms with appropriate and timely support for those industries that are characterized by growing profitability and high investment return. Arguments are presented for utilizing “green box” tools (in particular, the food stamp program) and for lifting the embargo on food imports and differentiating between export and import customs duties, depending on the degree of market saturation and the formation of domestic markets.

Biofuel from Microalgae: Sustainable Pathways

As the demand for biofuels increases globally, microalgae offer a viable biomass feedstock to produce biofuel. With abundant sources of biomass in rural communities, these materials could be converted to biodiesel. Efforts are being done in order to pursue commercialization. However, its main usage is for other applications such as pharmaceutical, nutraceutical, and aquaculture, which has a high return of investment. In the last 5 decades of algal research, cultivation to genetically engineered algae have been pursued in order to push algal biofuel commercialization. This will be beneficial to society, especially if coupled with a good government policy of algal biofuels and other by-products. Algal technology is a disruptive but complementary technology that will provide sustainability with regard to the world’s current issues. Commercialization of algal fuel is still a bottleneck and a challenge. Having a large production is technical feasible, but it is not economical as of now. Efforts for the cultivation and production of bio-oil are still ongoing and will continue to develop over time. The life cycle assessment methodology allows for a sustainable evaluation of the production of microalgae biomass to biodiesel.

Do Growth Assets Drive Returns: A Critique of the APRA Heatmap Insights

APRA released their “Heatmap” in December 2019, and the accompanying material related growth assets to investment returns, with the implication that higher exposure to growth assets would result in higher investment returns than otherwise would occur. We have used a statistical and systems analysis to identify the dominant asset allocations related to funds with Quartile 1 and Quartile 4 investment returns and concluded that whilst above average exposure to infrastructure and property was a determinant of Quartile 1 performance, above average equity exposure is not. We also found that funds under management are a significant characteristic of determining investment performance and may well be the characteristic driving the allocations to the assets.

Discussion on the application of venture capital management under the condition of capital market

<p>With the continuous development of China's economy and technology, people's living standard and average income have improved, and more and more people participate in venture capital and financial activities.Compared with general financial activities, venture capital has the characteristics of high investment, high risk and high return. It is aimed at people who have strong capital strength and is interested in investment. They often take the pursuit of high return as the internal driving force of investment, and determine their investment through the analysis of enterprises,through the way of investment in the enterprise, we can get part of the profits of the enterprise operation.This paper will discuss the general situation of venture capital, the problems of venture capital management under the condition of capital market and the specific strategies of venture capital management under the condition of capital market for reference.</p>