• Title/Summary/Keyword: the event study

Search Result 4,764, Processing Time 0.036 seconds

Event Valence Matters: Investigating the Moderating Role of Event Valence on Event Markers' Systematic Effect

  • Lee, Hyejin;Choi, Jinhee
    • Asia Marketing Journal
    • /
    • v.16 no.4
    • /
    • pp.59-73
    • /
    • 2015
  • Previous research has revealed that people feel past target events are more distant when they recall more intervening events, event markers, that are both accessible in memory and perceived to be related to that target event (Zauberman, Levav, Diehl, and Bhargave 2010). This phenomenon was called the systematic effect of event markers (SEEM). In this research, we explore the moderating effect of the valence of the target event on SEEM and suggest the difficulty of recalling event markers as the possible mechanism. Study 1 shows that SEEM mainly occur when the valence of the target event is negative rather than positive. Study 2 showed that even though people have more difficulty recalling four event markers than one regardless of event valence, the difficulty of recalling event markers only mediates SEEM when the target event valence is negative. Furthermore, when the target event is positive, SEEM does not exist, confirming that the mediating role of the difficulty of recalling event markers on SEEM is moderated by the valence of the target event.

COVID-19 Pandemic and the Reaction of Asian Stock Markets: Empirical Evidence from Saudi Arabia

  • SHAIK, Abdul Rahman
    • The Journal of Asian Finance, Economics and Business
    • /
    • v.8 no.12
    • /
    • pp.1-7
    • /
    • 2021
  • The study examines the influence of COVID-19 on the stock market returns of Saudi Arabia. The data was analyzed through event study methodology using daily price data of Tadawul All Share Index (TASI). The study examines the behavior pattern of the Saudi Arabian stock market in different phases during the event period by selecting six-event windows with a range of 10 days. The results report a negative Abnormal Return (AR) of -0.003 on the event date, while the abnormal returns reversed the next day to 0.005 positively. The result of Cumulative Abnormal Return (CAR) is negative and significant at the 1 percent level in all the six-event windows starting from the event date to day 59 after the event for the TASI index. Even though the influence of the COVID-19 pandemic decreased after 30 days of the event date, it increased during the last ten days of the event window. The stock market volatility of Saudi Arabia increased during the post-event period compared to the pre-event period with a negative mean return of -0.326 and a greater standard deviation. In a conclusion, the study found a significant influence of the COVID-19 pandemic on the stock market returns of TASI.

The Design of an Extended Complex Event Model based on Event Correlation using Aspect Oriented Programming

  • Kum, Deuk-Kyu
    • Journal of the Korea Society of Computer and Information
    • /
    • v.22 no.10
    • /
    • pp.109-119
    • /
    • 2017
  • In recent through development of IOT owing to that mass stream data is being generated in variety of application complex event processing technology is being watched with keen interest as a technology to analyze this kind of real-time continuous data. However, the existing study related with complex event processing only comes to an end at simple event processing based on low-level event or comes to an end at service defect discovery with providing limited operator and so on. Accordingly, there would be limitation to provide useful analysis information. In this paper in consideration of complex event along with aspect-oriented programming an extended complex event model is provided, which is possible to provide more valuable and useful information. Specifically, we extend the model to support hierarchical event structures and let the model recognize point-cuts of aspect-oriented programming as events. We provide the event operators designed to specify the events on instances and handle temporal relations of the instances. It is presented that syntax and semantics of constructs in our event processing language including various and progressive event operators, complex event pattern, etc. In addition, an event context mechanism is proposed to analyze more delicate events. Finally, through application studies application possibility of this study would be shown and merits of this event model would be present through comparison with other event model.

Stock Market Response to Elections: An Event Study Method

  • CHAVALI, Kavita;ALAM, Mohammad;ROSARIO, Shireen
    • The Journal of Asian Finance, Economics and Business
    • /
    • v.7 no.5
    • /
    • pp.9-18
    • /
    • 2020
  • The research paper examines the influence of elections on the stock market. The study analyses whether the market reaction would be the same when a party wins and comes to power for the second consecutive time. The study employs Market Model Event study methodology. The sample period taken for the study is 2014 to 2019. A sample of 31 companies listed in Bombay Stock Exchange is selected at random for the purpose of the study. For the elections held in 2014, an event window of 82 days was taken with 39 days prior to the event and 42 days post event. The event (t0) being the declaration of the election results. For the elections held in 2019 an event window of 83 days was taken with 41 days prior to the event and 41 days post event. The results indicate that the market reacts positively with significantly positive Average Abnormal Returns. The findings of the study reveal that the impact on the market is not the same between any two elections even when the same party comes to power for the second time. The semi-strong form of efficient market hypothesis holds true in the context of emerging markets like India.

A survey on Preference of the Event Menus in the Foodservice Operations for University Students (대학생의 이벤트 식단에 대한 선호도 조사)

  • Bae, Hyeon-Ju
    • Journal of the Korean Dietetic Association
    • /
    • v.12 no.3
    • /
    • pp.235-242
    • /
    • 2006
  • The purpose of this study of was to provide basic data for preparing event menus to increase customer's satisfaction by investigating university students' participation and preference for the event menus in the foodservice operations. The questionnaires were distributed to 300 customers from August 1 to 31, 2005. 88.0% of the questionnaires were analyzed. Statistical analysis of data was performed using SAS package program(version 8.2) for descriptive analysis and $χ^2$-test, t-test, one-way ANOVA, Duncan multiple range test. The results of this study can be summarized as follows : 50.4% of the students have participated in foodservice operation's event and the average degree of the satisfaction was 2.67 out of 5. The type of the events customers have most frequently participated in were the national holiday·subdivisions of the season event(47.3%), the day event(34.1%), environment event(26.9%) and so on. In large classification, preferred were season event(85.2%), international food event(76.9%), and healthy food event(73.1%) and so on. In small classification, orgarnic food event(53.0%), summer fruits festival(41.3%), midsummer event(36.6%) and christmas event(34.4%) and so on. From now on, the event reflecting customers' expectation and requirement should be planned and implemented.

  • PDF

Extended CEP Model for Effective Enterprise Systems Service Monitoring

  • Kum, Deuk Kyu
    • KSII Transactions on Internet and Information Systems (TIIS)
    • /
    • v.14 no.2
    • /
    • pp.807-825
    • /
    • 2020
  • In recent years, business environments have become more complex; therefore, enterprises must be capable of responding flexibly and agilely. For these purposes, effective enterprise systems service monitoring and early decision making based on the same, emerge as core competency of the enterprise. In addition, enterprise system techniques that filter meaningful data are needed to event processing. However, the existing study related with this is nothing but discovering of service faults by monitoring depending upon API of BPEL engine or middleware, or is nothing but processing of simple events based on low-level events. Accordingly, there would be limitations to provide useful business information. In this study, we present an extended event processing model that enables delivery of more valuable and useful business information through situation detection. Primarily, the event processing architecture in an enterprise system is proposed as a definite approach, and then define an event meta-model suitable for the proposed architecture. Based on the defined model, we propose the syntax and semantics of the elements that make up the event processing language include various and progressive event operators, the rules, complex event pattern, etc. In addition, an event context mechanism is proposed to analyze more delicate events. Finally, the effectiveness and applicability of proposed approach is presented through a case study.

The Case Study on a Documentation of Mega Sports Event (메가 스포츠이벤트의 기록화를 위한 사례연구)

  • Cheon, Ho Jun
    • The Korean Journal of Archival Studies
    • /
    • no.42
    • /
    • pp.37-71
    • /
    • 2014
  • The purpose of this study was to analyze developed case of archiving on Mega Sport Event for searching effective method on a documentation of Mega Sport Event. In order to conduct this study, literature review method was using about book, thesis and data of internet homepage for exploring the stage on Mega Sports Event and case of Mega Sports Event record management. The field study was conducted about institute related to Olympic record management institution for analysing Mega Sports Event record management. The result of this study is following: Firstly, 2012London Organizing Committee of the Olympic Games's case(The People's Record Project) is useful to ex-ante event phase. Secondly, 2000Sydney Organizing Committee of the Olympic Games's case(Olympic Games Knowledge Management Project) is useful to event operation phase. Thirdly. LA84Foundation's case(Olympic Oral History Project) is useful to ex-post event. The significance of this study which came up with the study result above can be presented as follows. Based on the result of this study, it is assumed that three case for documentation about Mega Sports Event. Lastly, the result of this study was useful to Mega Sports Event record management institution. For the more, it will be conducted to study law of Mega Sport Event record management, humane and Material resource and method related to record management of the Mega Sports Event organizing committee.

Effect of Satisfaction with Service Quality of County Level Local Sport Event on Local Image and Re-Visit Intention (군단위 농촌지역의 스포츠이벤트에서 서비스품질 만족이 지역 이미지와 재방문의사에 미치는 영향)

  • Kim, Hyun-Sang;Park, Duk-Byeong;Kim, Sung-Rok
    • Journal of Agricultural Extension & Community Development
    • /
    • v.24 no.2
    • /
    • pp.117-125
    • /
    • 2017
  • The service quality and image are a central factor in understanding tourists destination choice. Existing literature suggests that sport event and destination image could interact to influence tourism behaviours. The purpose of this study w as to identify the factors influencing local image and re-visit intention in the 68th Chungcheongnam-do Provincial Sport Event held in Yesan city. The results of the study are as follows; First, as a result of factor analysis on the satisfaction with the sports event composed of 17 items, three factors were categorized, which were 'event management', 'event facility' and 'supporting facilities'. Second, satisfaction with local event had a positive effect on local image. Especially, satisfaction with event management had greater effect on local image than event facilities and supporting facilities. Third, as satisfaction with local event had positive effect on re-visitation intention, satisfaction with sports event had positive effect on the success of the sport event itself and re-visitation intention for the region. Fourth, as local image had a positive effect on re-visitation intention, strategic approaches to linking factors of tourism are required to attract visitors in addition to sports events.

A Comparative Study on the Event-Retrieval Performances of Event Tracking and Information Filtering (사건트래킹과 정보필터링 기법의 사건검색 성능 비교연구)

  • Chung, Young-Mee;Chang, Ji-Eun
    • Journal of the Korean Society for information Management
    • /
    • v.20 no.3
    • /
    • pp.111-127
    • /
    • 2003
  • The purpose of this study is to ascertain whether event tracking is more effective in event retrieval than information filtering. This study examined the two techniques for event retrieval to suggest the more effective one. The event-retrieval performances of the event tracking technique based on a kNN classifier and the query-based information filtering technique were compared. Two event tracking experiments, one with the static training set and the other with the dynamic training set , were carried out. Two information filtering experiments, one with initial queries and the other with refined queries, were also carried out to evaluate the event-retrieval effectiveness. We found that the event tracking technique with the static training set performed better than on with the dynamic training set. It was also found that the information fitering technique using intial queries performed better than one using the refined queries. In conclusion, the comparison of the best cases of event tracking and information filtering revealed that the information filtering technique outperformed the event tracking technique in event retrieval.

A Study on the Applicability of Force Majeure Clause to COVID-19: Focus on Case Studies in China (COVID-19사태에 대한 불가항력조항의 적용가능성에 관한 연구)

  • Ling-Ke Zhou;Kwang-So Park;Eunji Oh
    • Korea Trade Review
    • /
    • v.45 no.3
    • /
    • pp.21-33
    • /
    • 2020
  • This study aims to determine if the current COVID-19 event can be admitted as an excuse for non-performance in international trade transactions. In order to do so, this study selected case study method in the analysis. Firstly, the definitions of Force Majeure addressed in CISG, UCC, Chinese Law, and Korean Law were organized. Secondly, this study reviewed the avian influenza event in 2006 and the natural disaster event occurred in Guangdong, China, in 2017. In the study, three critical evaluation factors are suggested in order to be admitted as a Force Majeure event in international transactions as following: 1) possibility of foresight of the event, 2) possibility to overcome and avoid the event, and 3) the enterprise's countermeasures of the event. As an implication, this study organized the definitions of Force Majeure that were indicated in various kinds of Laws and suggested the basic framework to analyze the possibility of admittance as a Force Majeure event.