POST-CRISIS SECURITIES MARKET SUPERVISION POLICIES – STANDARD FINANCE VERSUS BEHAVIOURAL FINANCE
Published In: INTERNATIONAL CONFERENCE ON ADVANCES IN ECONOMICS, SOCIAL SCIENCE AND HUMAN BEHAVIOUR STUDY
Author(s): IAN EDDIE , JINGHUI LIU , PHUONG DUONG
Abstract: the objective of this paper is to analyze the imprints of standard finance and behavioral finance on Securities Market Supervision (SMS) policies before the 2008 Global Financial Crisis (GFC) and to discuss the question why the SMS policies should adopt behavioral finance as a response to issues identified from the crisis. Standard finance has been the most influential theoretical underpinning for securities market supervision before the 2008 GFC. The philosophy of securities market supervision has for long time relied on the notions of Efficient Market Hypothesis (EMH) and Capital Asset Pricing Model (CAPM). Relying on standard finance, securities regulators believed that market is efficient and investors are rational. Therefore securities markets were let to regulate themselves. Emerging behavioral finance provided a different insight, which argues that market is not efficient and investors are bias due to their cognitive errors. The debate between two economic theories seemed endles
- Publication Date: 22-Feb-2015
- DOI: 10.15224/978-1-63248-041-5-56
- Views: 0
- Downloads: 0
SUPPLY CHAIN MANAGEMENT (SCM): ITS APPLICATIONS FOR SERVICE INDUSTRY
Published In: INTERNATIONAL CONFERENCE ON ADVANCES IN ECONOMICS, SOCIAL SCIENCE AND HUMAN BEHAVIOUR STUDY
Author(s): MD. MAMUN HABIB
Abstract: This paper represents theory and evolution of Supply Chain Management (SCM) as well as highlights chronological prospective of SCM in terms of time frame in different areas of manufacturing and service industries. SCM has been widely researched in numerous application domains during the last decade. Despite the popularity of SCM research and applications, considerable confusion remains as to its meaning. There are several attempts made by researchers and practitioners to appropriately define SCM, particularly for the service industries. Amidst fierce competition in all industries, SCM has gradually been embraced as a proven managerial approach to achieving sustainable profits and growth. Finally, this study demonstrates Educational Supply Chain Management, as the application of SCM in the service industry, which would unlock other applications of SCM in different arenas, including service idustries. Integrated Tertiary Educational Supply Chain Management (ITESCM) model would be verifie
- Publication Date: 22-Feb-2015
- DOI: 10.15224/978-1-63248-041-5-101
- Views: 0
- Downloads: 0