A simple valuation model with time varying investment opportunities is developed and estimated. The model assumes that the investment opportunity set is completely described by the real interest rate and the maximum Sharpe ratio, which follow correlated Ornstein-Uhlenbeck processes. The model parameters and time series of the state variables are estimated using US Treasury bond yields and expec...

The five-factor model by Fama-French was obtained adding the profitability factor (RWM) and investment (CMA) to three-factor Fama-French. It is still first paradigm for asset pricing research imitate compare. In case of Chinese stock market, there no consensus on whether explains anomalies better than other models, a lack comparative studies models specific markets such as SME. Based empirical ...

This study examined the factorial validity of the Maslach Burnout Inventory General Survey (MBI-GS; Schaufeli et al., 1996) in eight different occupational groups of employees (N = 2919), who were recruited through the Internet. Results of multi-group confirmatory factor analyses favored the proposed Three-Factor Model over alternative Two-Factor and One-Factor Models. Exhaustion, cynicism, and...

Despite the inroads that are currently being made into research in the area of organisational energy, measuring instruments for this construct remain scant. This research explores the construct of POE with the aim to determine whether significant differences exist in the respondents perceptions of POE based on their biographical characteristics. A cross-sectional survey design was used, with a ...

The objectives of this study are to assess the psychometric properties of an adapted version of the Maslach Burnout Inventory-General Survey (MBI-GS) for academic staff in South African higher education institutions and to investigate differences between the burnout levels of different demographic groups. A survey design was used, with stratified random samples (N = 595) taken of academics in s...

Objectives: To develop an original self-report instrument for the assessment of athletes’ coping strategies in competitive sport settings and to provide preliminary evidence for its factorial, convergent, concurrent, and differential validity. Method: French–Canadian athletes (N=316; M age=17.4 years) completed l’Inventaire des Stratégies de Coping en Compétition Sportive (ISCCS) along with thr...

The study empirically investigates the relationship between the value anomaly and firms’ investment and financing environment. The evidence supports the relevance of investment irreversibility and the value anomaly as suggested in Zhang (2005). The higher the investment irreversibility gap between value and growth firms, the higher the value premium. While the Fama and French three factor model...