Source Of Profit Research Articles

Analysis of agricultural exports based on deep learning and text mining.

Agricultural exports are an important source of economic profit for many countries. Accurate predictions of a country’s agricultural exports month on month are key to understanding a country’s domestic use and export figures and facilitate advance planning of export, import, and domestic use figures and the resulting necessary adjustments of production and marketing. This study proposes a novel method for predicting the rise and fall of agricultural exports, called agricultural exports time series-long short-term memory (AETS-LSTM). The method applies Jieba word segmentation and Word2Vec to train word vectors and uses TF-IDF and word cloud to learn news-related keywords and finally obtain keyword vectors. This research explores whether the purchasing managers’ index (PMI) of each industry can effectively use the AETS-LSTM model to predict the rise and fall of agricultural exports. Research results show that the inclusion of keyword vectors in the PMI values of the finance and insurance industries has a relative impact on the prediction of the rise and fall of agricultural exports, which can improve the prediction accuracy for the rise and fall of agricultural exports by 82.61%. The proposed method achieves improved prediction ability for the chemical/biological/medical, transportation equipment, wholesale, finance and insurance, food and textiles, basic materials, education/professional, science/technical, information/communications/broadcasting, transportation and storage, retail, and electrical and machinery equipment categories, while its performance for the electrical and optical categories shows improved prediction by combining keyword vectors, and its accuracy for the accommodation and food service, and construction and real estate industries remained unchanged. Therefore, the proposed method offers improved prediction capacity for agricultural exports month on month, allowing agribusiness operators and policy makers to evaluate and adjust domestic and foreign production and sales.

Blockholder Disclosure Thresholds and Hedge Fund Activism

AbstractBlockholder disclosure thresholds shape incentives for hedge fund activism, which are jointly determined with real investment and managerial behavior. Uninformed investors value lower thresholds (greater transparency) when the cost of trading against an informed activist outweighs the benefits of the activist’s disciplining of management. Conversely, activists may desire disclosure thresholds if the threat of their participation discourages managerial malfeasance, which is their source of profits. Hedge fund activism can be excessive: If market opacity sufficiently harms uninformed investors, the costs of reduced real investment outweigh the social benefits from managerial disciplining, and society benefits from lower thresholds.

Economic importance of correlations for energy and other commodities

This paper uses a non-parametric model to examine time-varying correlations for energy and other commodities and tests their economic importance by combining dynamic correlations with the momentum strategy. Our empirical analysis offers three new findings. First, the profits from a trading strategy that accounts for the patterns in correlations are higher than the profits that do not account for the time-varying correlations. Second, profits are asymmetric to higher and lower levels of correlation. Profits are maximized at higher levels of correlation. These profits are robust to the financialization period and the backwardation and contango phases of the commodity market. Finally, the economic source of profits reveals that profits are largely explained by the basis and momentum factors, the exception being grains and softs portfolios at higher correlation levels.

How much does the firm's alliance network matter?

AbstractResearch SummaryExtant empirical work partitioning the variance in firm (business segment) profitability has identified industry, corporate parent, business segment, and time as key sources. However, this variance decomposition research stream has treated firms as atomistic, autonomous entities. We employ a fast‐unfolding community‐detection algorithm to detect firms' network memberships and use the Shapley Value method to isolate the effect of the firm's alliance network, in addition to industry, corporate parent, business segment, and year effects, on the variance in business unit performance. Our findings demonstrate that the effect of the firm's alliance network explains 11% of the variance in firm ROA among 16,381 business segments from 1979 through 1996. We also extend the time period through 2018 and find that our results broadly hold.Managerial SummaryIn the search for superior firm performance, managers typically focus their attention externally on profitable industries in which to operate, as well as internally on their firms' idiosyncratic and valuable resources and capabilities. In addition to these profitability sources, our work suggests another important, but heretofore overlooked, factor in the managerial quest for competitive advantage: the value‐creating potential of alliance networks. We employ a machine‐learning algorithm to detect firms' network memberships. Our findings indicate that as much as 11% of the variance in firm profitability (ROA) is explained by the network of alliances of which the firm is a part. Our study also implies that the emphasis on networks continues to be relevant in a technology age in which industry boundaries are blurring.

ЦИФРОВАЯ ТРАНСФОРМАЦИЯ СПОРТИВНОЙ ИНДУСТРИИ: ТРЕНДЫ И ПРАКТИКА БИЗНЕСА

In the article reviewed digital transformation as the up to day engine of improving all aspects of business. The main part is about influence on the sport, that is supplier of adrenaline and source of profit. The contribution is really strong in digital transformation in broadening opportunities different kind of sport, that we can see on basketball and football industry. Also showed qualities and importance of implementing digital transformation in different stages of business realisation. The example is global crisis, which lead to restrictions in the period of COVID-19. It also influenced all spheres of live and opened perspectives using digital transformation in the real life. On the foreground, we see the problem of providing convenience of using resources and supplies information for fans with several platforms. Moreover, reviewed current methods that improve and facilitate work at different levels of the sports industry.

Reinforcement Learning for Systematic FX Trading

We explore online inductive transfer learning, with a feature representation transfer from a radial basis function network formed of Gaussian mixture model hidden processing units to a direct, recurrent reinforcement learning agent. This agent is put to work in an experiment, trading the major spot market currency pairs, where we accurately account for transaction and funding costs. These sources of profit and loss, including the price trends that occur in the currency markets, are made available to the agent via a quadratic utility, who learns to target a position directly. We improve upon earlier work by targeting a risk position in an online transfer learning context. Our agent achieves an annualised portfolio information ratio of 0.52 with a compound return of 9.3\%, net of execution and funding cost, over a 7-year test set; this is despite forcing the model to trade at the close of the trading day at 5 pm EST when trading costs are statistically the most expensive.

ПОЛІТИЧНІ ТА МЕНТАЛЬНІ ЗАСАДИ РОСІЙСЬКОГО ІМПЕРІАЛІЗМУ

Today, Russian imperialism is undergoing a new phase of its transformation, moving from covert interference in the internal affairs of sovereign states to open territorial expansion. Its primary task is plans to seize the sovereign state of Ukraine through military aggression, forced inoculation of its own model of the world order and return to the space of a single "Russian world". The former post-Soviet Baltic republics, Belarus, Moldova, Georgia are considered as the next territories for integration into the imperial space of Russia. And this is a war not only and not so much for territories, but for ideas, a worldview that will dominate them. The main features of imperialism as an ideology and policy are an irrational desire for military expansion and absolute security, an unobsessed regime with a “center-periphery” subordination relationship, a patronage-client scheme, and the “privatization” of state functions by the ruling elite, turning them into a source of private profits. A distinctive feature of Russian imperialism is that it carries out not only territorial expansion, but above all ideological and ideological expansion, instilling its ideological picture of the world on the conquered peoples. The Russian imperial ideology has been formed over the centuries and is based on such mental traits as: superiority, dominance, psychological inclination towards permissiveness and robbery, servile submission to power in various forms, abnormal patience, religious fanaticism and more. These features of mentality became the basis of the imperial ideology of state building as a system of views, ideas and worldview of Russians. Russian imperialism (rashism) is a syncretism of Russian Nazism, Orthodoxy and psychotraumatic nostalgia for the USSR, which has turned into an imperial identity.

Research on Sustainable Development of Transport Infrastructure Based on Corporate Culture and Low-Carbon Perspective.

Excellence in corporate culture is the key to achieving sustainable business development. Sustainability can be a source of success, innovation and profitability for a company, driving the achievement of low-carbon goals for transport infrastructure enterprises. The aim of this study is to examine the relationship between corporate culture and corporate sustainability from the perspective of transport infrastructure enterprises, and to identify which corporate culture factors may have an impact on the sustainable low carbon development of transport infrastructure enterprises. To achieve this, we constructed a structural equation model based on 351 cases in Hunan Province and examined the relationship between corporate culture and sustainable low-carbon development using partial least squares structural equation modeling. The findings suggest that corporate values and corporate culture management capabilities play an important role in promoting sustainable development of transport infrastructure enterprises at the economic and low-carbon levels.

ВПЛИВ ПОДАТКОВОЇ ПОЛІТИКИ НА ІНВЕСТИЦІЙНИЙ КЛІМАТ КРАЇНИ

In the conditions of growth and development of the economy of our country, it is important to find modern sources of growth and formation of the pace of its upward dynamics in connection with a certain limitation of internal resources and constant increased levels of risks for foreign and domestic investors. Investments today play an important role in the economic development of the country and determine the overall growth of its economy. In the modern conditions of the development of the world economy, investments are able to ensure the production of a conceptually new level of business results and create added value, sources of financial resources and additional profits. In view of the above, the introduction of tax methods of state regulation plays an extremely important role in the process of building an investment model for the economic growth of the country's economy. The search for levers for the activation of investment activities is especially relevant at this stage, because the practice of economically developed countries shows the role of investments as the most important factor of economic growth. Today, Ukraine is on the path of comprehensive economic transformations. Under such conditions, one of the main directions of state policy at the current stage is the improvement of the investment climate and the improvement of the efficiency of investment processes. Our country has a high level of investment potential and, unfortunately, does not realize it to the maximum. Ukraine is rich in various resources, which today are extremely necessary for foreign countries, but it almost lacks effective stimulating levers for establishing and strengthening international cooperation. Therefore, the business and investment environment of the country is determined by the investment climate – a set of various factors that determine the degree of risk of capital investments, the possibility of their effective use, and also ensure the investment activity of domestic and foreign investors. Namely, tax policy has a significant impact on investment activity.

Цифровізація як каталізатор подолання негативних наслідків пандемії та воєнного стану

The article is aimed at studying the peculiarities of the manifestation of the digital economy during the COVID-19 pandemic and martial law, identifying the impact of digitalization on the prospects for the development of Ukrainian business. The digital economy, the functioning of which is based on the creation, distribution and use of digital technologies and related products and services, is constantly evolving in accordance with new challenges of economic development, which is reflected in the expansion of its architecture. In recent years, the transformation of economic activity models caused by the use of end-to-end digital technologies (artificial intelligence, robotics, the Internet of Things, wireless technologies, etc.) has been actualized, which has turned digitalization into the most important factor of economic growth. Digital technologies were used in various spheres of economic activity even before the COVID-19 pandemic, but the latter significantly intensified the digital transformation of business processes. The use of online applications, the provision of online services, the creation of hybrid business models that combine the features of offline and online services, has allowed many economic actors to switch to a remote work format, reducing losses from social distancing and other preventive measures, and some companies have even managed to increase the efficiency of their activities. Improving the efficiency of management and production activities based on digital solutions has turned digitalization from an anti-crisis tool into a source of profitability for companies in the long term. A certain similarity of the challenges caused by the coronavirus crisis and the disruption of the domestic economy as a result of Russian aggression has led to the need to intensify the use of digital technologies by business and the State. A number of measures implemented during martial law by the Ministry of Digital Transformation of Ukraine together with other executive bodies create digital preconditions for increasing the resilience of the Ukrainian economy now and in the period of its post-war development.

EFFICIENCY OF USING LAND RESOURCES IN THE AGRICULTURAL SECTOR IN THE CONTEXT OF FINANCIAL INSTABILITY

The article examines the areas of state support for the agricultural sector of Ukraine. The peculiarities of the system of state support of agricultural enterprises and measures to improve the mechanism of state support of domestic agricultural enterprises are considered. It is established that the state support of agricultural producers is an indispensable condition for sustainable development of the agricultural sector of the economy and ensuring food security of the state. The essence of land resources of the agricultural sector of the economy in conditions of financial instability is considered. The dynamics and structure of land resources of agricultural enterprises are studied. The peculiarities of the agricultural sector are also highlighted. Factors influencing the financial support of agricultural enterprises, the main suppliers of borrowed sources of financial resources for agricultural enterprises, internal factors of enterprise efficiency are identified. Possible sources of formation of own capital of agricultural enterprises are proposed. as well as the most profitable sources of attracting financial resources. The positive and negative aspects of bank loans and the dynamics of their growth for all enterprises in Ukraine and the leading countries of the world are considered.

Profitability concepts of non-emission energy production aided by big data.

In this article we discuss some known facts about profitability of non-emission sources of power - initial costs, payback time, exploatation time. First we discussed financial models of green energy on example at photovoltaic installations in particular region in Poland. We have shown how long this installation must work before it will be profitable. In the next part of this article we describe basics of big data and its usage. After that, we discuss our original concepts of database to store necessary data for future multicriterial algorithm, which helps to choose the most profitable source of power on indicated territory.

Geoinformation Methodology of Agricultural Land Evaluation for Agricultural Economic Growth

The formation of an economically developed management system for the country's agro-industrial complex cannot be considered only from the point of view of a separate science. Land resources are the source of profit, which is involved in almost all sectors of society. Land preservation and improvement is required to ensure an economic security and competitiveness of each region of the Russian Federation). The dynamics of changes in the areas of Svetloyarsky district of the Volgograd region in the context of municipalities is analyzed. The actual deviation of the area of Privolzhsky rural settlement amounts to 2,3 % of the statistical data. The boundaries and areas of the used plots of arable land in the Raigorod settlement do not coincide with the data of the state cadastral registration, the discrepancy of only one land plot is 422,44 hectares. By implementing GIS-technologies, the data were obtained for 2355 arable land plots, whereof the irrigated land area amounts to 52138 hectares, instead of the potentially possible 19455 hectares, that exceeds the settlement's capabilities by 2,7 times according to the statistical data.

Sequel outcome of automobile sector on account of covid – 19 through technical analysis

The COVID – 19 pandemic has deteriorated multiple facets of the stable functioning of economies of most countries. Social restrictions associated with the immediate response to the pandemic has curtailed dynamic functioning of many industries that buttress the economic development of countries. Performance of automotive industries was expected to nosedive following the travel restrictions. One of the major sources of profit for the automotive industries in India is their consumer base in countries like U. K, Germany, and China etc. Severity of the pandemic in these countries entailed trade regulations that propelled a negative trend in the market growth of Indian automotive industries. But the economy of automotive sector of India was saved from a free fall by the countering effect of the domestic demand in private transportation. This paper presents the technical analysis on the Maruti Suzuki Private Limited to measure the stock movement of the Automobile sector in the Indian Stock Market.

Optimal Enforcement for Content Industries under Positive External Effects of Piracy

Abstract Content industries have several profit sources that positively interact with one another, and piracy affects them not only negatively but also positively. For copyright holders, choosing to allow piracy depends upon its total external effects. This paper proves that in such case the profit function is convex with respect to the level of enforcement. This paper shows a convex profit function with respect to the level of enforcement. The convexity leads to a corner solution of optimal enforcement for copyright holders. Which corner solution is selected depends on the relative size of the sub-market, and no enforcement is profitable if the submarket size is relatively large. This result compensates for a shortcoming of discussions that assume only two options regarding the level of enforcement, zero or perfect enforcement.

Formation of a range of sports league services

The article discusses the features of sports league services. Special attention is paid to the factors that influence the formation of the nomenclature of sports league services, as a structured list of products offered that may be in the league’s assortment. As the main of such factors, consumers are singled out, which make it possible to divide the services of sports leagues into commercial and non–commercial. The development of these groups of the range of services of sports leagues occurs in different ways. The main sources of profit in the activities of professional sports leagues are the sale of tickets and season tickets for sports competitions, the sale of rights to television and radio broadcasts of competitions, advertising and sponsorship and licensing and commercial activities of clubs. The problems of the formation of the nomenclature of sports league services are highlighted — this is the lack of market conditions, competition and demand, as well as the lack of consumer orientation. The scientific novelty of the work consists in the proposal to form a range of sports league services based on the use of active marketing, analysis of the solvency of the main consumer groups, as well as the introduction of innovative services using digital technologies.

Selected benefits and threats arising from internet use by households and enterprises in Poland with respect to the COVID-19 pandemic

The internet has revolutionised the world over the past half of a century, and the COVID-19 pandemic has contributed to an increase in its importance. Although the global network brings with it more advantages than disadvantages, its existence also causes certain threats which have an impact on the life of Polish households and operations of Polish enterprises. This paper is theoretical and empirical in nature. Its aim is to explore the relationship between the internet and the COVID-19 pandemic, i.e. the time household members spend online. The impact of the two factors on survival in the market was examined in the case of enterprises. Moreover, the subjectively most important benefits and threats arising from the global network consumption in the opinion of the business entities mentioned above were illustrated. According to the respondents, facilitating communication is the main advantage of the internet (33.33%), whereas the spreading of hate on the internet is the major threat associated with its use (24.17%). The main benefit derived from the global network resources by enterprises is the possibility of obtaining raw materials from the most profitable sources (28.40%), whereas the major threat identified by them is that a negative opinion published on the internet can weaken the financial standing of a company or even make it disappear from the market (55.56%). Nearly 60% of household members found themselves spending more time online during the COVID-19 pandemic. Nearly 94% of the entrepreneurs who use the internet in running their businesses admitted that it helped them to keep their business in the market during the pandemic.

Cross-Sectional and Time-Series Momentum in the US Sovereign Bond Market

In this article, we undertake a systematic, security-level analysis of momentum and reversal strategies in US Treasuries covering more than 40 years of data. We distinguish between what we call “market” and “self” time-series momentum (reversal) strategies and present an exact identity between these two time-series and the cross-sectional momentum (reversal) strategies. This identity helps us identify the sources of profitability of the various strategies and raises an interesting question regarding the contribution to the profitability of the first and second principal components of yield changes. We find that there exist look-back and investment periods for which momentum <i>time series</i> strategies (both “self” and “market”) give rise to statistically and economically significant positive Sharpe ratios; but we find that after adjusting for duration, the <i>reversal</i> cross-sectional strategy has an even larger Sharpe ratio and is profitable over a wider range of look-back and investment periods. We find an explanation for this finding in the mean-reverting properties of the yield-curve slope. Finally, we discover that the duration-adjusted reversal cross-sectional strategy can be successfully implemented in a long-only fashion.

Feeling to Learn: Ideologies of Race, Aurality, and Manouche Music Pedagogy in France

This article explores how music professionals promote interdiscursive oppositions between musical aurality and musical literacy to unsettle the terms of their racialization. For many French Manouches (a subgroup of Romanies/“Gypsies”), music is a source of pride, profit, and public recognition. Manouche musicians often valorize their own sensorially centered pedagogical approaches in distinction to music literacy as espoused by French schools and conservatories. In doing so, they link notions of expressivity, naturalness, and ethical behavior to their Manouche identity in contrast to White French society. They construct parallel contrasts between Black and White musicalities in the jazz world to convey their value as racialized musicians, pointing to transnational formations of race and White supremacy. Because French color‐blind policy constrains speech about race and racism, advocacy for an aurally centered approach to music pedagogy becomes a way for speakers to denounce the discrimination Manouches face as racialized subjects. For these musicians, self‐exoticization is a multifaceted tactic to develop a market niche, to prove themselves as good neoliberal subjects, and to disrupt the racial logics that render such alterity both an asset and a burden. Their discourse remains powerful even if, in practice, some make use of the very music‐theoretical frameworks they critique.

Moderasi Ukuran Perusahaan pada Profitabilias, Leverage dan Rasio Aktivitas terhadap Kebijakan Dividen

Abstract: Dividend policy is the company's policy in determining how much profit will be paid as dividends to investors. Dividend policy is the most important determination for a company because it is not only a source of investment profit, but also shows the company's performance. In making dividend payment policies the company considers financial ratios that can have an influence on dividend payment policies. The purpose of this study is to examine the role of company size to moderate the effect of profitability ratios, leverage ratios and activity ratios on dividend policy. This study makes the service sector companies listed on the Indonesia Stock Exchange in 2014-2018 as a research population of 289 companies with the research sample taken using purposive sampling technique as many as 69 companies. This research method uses descriptive quantitative method. Data analysis was processed using Partial Least Squares (PLS) analysis with Warp-Pls 6.0 software. The results of this study indicate that the profitability ratios and activity ratios affect the dividend policy positively and significantly, while the leverage ratio affects the dividend policy negatively and significantly. Firm size strengthens the effect of profitability ratios on dividend policy but does not moderate the effect of leverage ratios and activity ratios on dividend policy