Incidence of outbreak-associated COVID-19 cases by industry in Ontario, Canada, 1 April 2020–31 March 2021

ObjectivesThe objective of our study was to estimate the rate of workplace outbreak-associated cases of COVID-19 by industry in labour market participants aged 15–69 years who reported working the majority of hours outside the home in Ontario, Canada.MethodsWe conducted a population-based cross-sectional study of COVID-19 workplace outbreaks and associated cases reported in Ontario between 1 April 2020 and 31 March 2021. All outbreaks were manually classified into two-digit North American Industry Classification System codes. We obtained monthly denominator estimates from the Statistics Canada Labour Force Survey to estimate the incidence of outbreak-associated cases per 100 000 000 hours among individuals who reported the majority of hours were worked outside the home. We performed this analysis across industries and in three distinct time periods.ResultsOverall, 12% of cases were attributed to workplace outbreaks among working-age adults across our study period. While incidence varied across the time periods, the five industries with the highest incidence rates across our study period were agriculture, healthcare and social assistance, food manufacturing, educational services, and transportation and warehousing.ConclusionsCertain industries have consistently increased the incidence of COVID-19 over the course of the pandemic. These results may assist in ongoing efforts to reduce transmission of COVID-19 by prioritising resources, as well as industry-specific guidance, vaccination and public health messaging.

Cross-Sectional Variation of Intraday Liquidity, Cross-Impact, and Their Effect on Portfolio Execution

Over the past decade, there has been a significant rise in assets managed under passive and systematic strategies. Such strategies hold and trade portfolios in a coordinated manner, often concentrating trading around the end of the trading session. Simultaneously, there has been a rise in activity from market participants that act as liquidity providers, themselves trading along portfolio directions. In “Cross-Sectional Variation of Intraday Liquidity, cross-impact, and Their Effect on Portfolio Execution,” Min, Maglaras, and Moallemi investigate the implications of these two observations, specifically exploring how the phenomenon of portfolio liquidity provision leads to cross-security impact and influences the optimal execution schedules of risk-neutral traders that seek to minimize their expected execution costs. They show that the optimized schedules deviate from the naïve approach that trades each security separately and instead, couple the trading intensity across stocks so as to benefit from the liquidity provided along attractive portfolio trading directions. Empirical analysis demonstrates that coupled optimized schedules could lower costs by as much as 15% relative to the naïve approach.

Internal Migration, Living Close to Family, and Individual Labour Market Outcomes in Spain

Migration is often viewed as a way to enhance occupational careers. However, particularly in Mediterranean countries, labour market outcomes may also depend on local family resources. We investigate how men’s and women’s labour market outcomes differ between (1) those who migrated and those who did not; and (2) those who live close to family and those who live farther away. Our main contributions are the investigation of the association between migration and labour market outcomes in a different context than the more commonly studied Northern and Western European countries and the United States, and of the role of living close to family in labour market outcomes. We used a sample of labour market participants from the “Attitudes and Expectations About Mobility” survey, conducted in Spain in 2019. Our results show that the likelihood of being a professional is greater for women who migrated than for those who did not, and that the likelihood of being unemployed or in a temporary job is lower for women who live close to family than for those who do not, but neither association was found for men. The finding for living close to family is in line with the notion that nearby family may protect women in particular from precarious labour market positions. The finding for migration differs from previous findings for Northern and Western Europe and the United States, which indicate that migration is beneficial to men in particular. This difference might be specific to a low-migration context, but data limitations prevent firm conclusions.

Analysis of real estate services digitalisation: current situation and development prospects

The article analyses the digitalisation of real estate services in Russia. Empirical works of leading analytical agencies and experts’ academic papers in the field of economic sciences has been summarised and sysrematised. The development key indicators of Russian digital economy, digitalisation level of certain service sectors, digital production features and digital consumption which characterise the digital economy development, have been considered. It has been noted that at present the digital services of in real estate services are at an early stage of development due to the small number of market participants who have fully implemented digital services and online technologies in their activities. It has been revealed that most of the stages of real estate services for the sale or purchase of residential property can be partly or fully realised using digital services and online technologies. Generalised characteristics of real estate services digitalisation at present and prospects for its development have been formulated.

The emotional cost-of-carry: Chinese investor sentiment and equity index futures basis

PurposeWhile the classic futures pricing tool works well for capital markets that are less affected by sentiment, it needs further modification in China's case as retail investors constitute a large portion of the Chinese stock market participants. Their expectations of the rate of return are prone to emotional swings. This paper, therefore, explores the role of investor sentiment in explaining futures basis changes via the channel of implied discount rates.Design/methodology/approachUsing Chinese equity market data from 2010 to 2019, the authors augment the cost-of-carry model for pricing stock index futures by incorporating the investor sentiment factor. This design allows us to estimate the basis in a better way that reflects the relationship between the underlying index price and its futures price.FindingsThe authors find strong evidence that the measure of Chinese investor sentiment drives the abnormal fluctuations in the basis of China's stock index futures. Moreover, this driving force turns out to be much less prominent for large-cap stocks, liquid contracting frequencies, regulatory loosening periods and mature markets, further verifying the sentiment argument for basis mispricing.Originality/valueThis study contributes to the literature by relying on investor sentiment measures to explain the persistent discount anomaly of index futures basis in China. This finding is of great importance for Chinese investors with the intention to implement arbitrage, hedging and speculation strategies.

The Role of Human Resource Accounting in the Business Environment

In this chapter, human resources accounting is comprehensively analyzed. Human capital has been often neglected or inaccurately reported in the financial statements due to its nature. In the new economy, financial market participants such as investors, creditors, and shareholders would like to get information about the firm's investment in human capital. Over the last decades, some accounting methods have been developed for human capital. In this chapter, the methods used in the accounting treatment of human capital are analyzed, and a total of 288 operating reports of banks listed on Borsa Istanbul for the period between 2010 and 2017 are examined through content analysis. The results of content analysis indicate that there is a growing trend in human capital disclosure by banks listed on Borsa Istanbul between the period of 2010 and 2017, implying that banks listed on Borsa Istanbul have become more aware of the importance of human capital.

Securities Analysis and Portfolio Management of Selected NSE Securities

“Technical Analysis is the study of data generated by the action of markets and by the behaviour and psychology of market participants and observers”: -Constitution of the market technicians Association Technical analysis is a completely different approach to stock market investing- it doesn’t try to find the intrinsic value of a company or try to find whether a share is mispriced or undervalued. "Technical analysis is the study of market action, primarily through the use of charts, for the purpose of forecasting future price trends. “A technical analyst is interested only in the price movements in the market. So, it is all about analysing the demand and supply or a price volume analysis. Technical analysis considers only the actual price behaviour of the market or instrument, based on the premise that price reflects all relevant factors before an investor becomes aware of them through other channels. These stock market indicators would help the investor to identify major market turning points. This paper examines the technical analysis of selected companies which helps to understand the price behaviour of the shares, the signals given by them and to assist investment decisions in the Indian stock Market.

Digital transition of industrial enterprises into the “smart” ecosystem

Digital transformation is the foundation for the development of industrial enterprises and inevitably leads to interconnected changes in products, services, strategies, business processes and relations between enterprises and market segments. Smart production cannot develop effectively in the form of isolated projects since development is required in the context of market sectors. So industrial enterprises expand their ecosystems, and thanks to coordinated innovations, the active introduction and dissemination of their digital transformation processes begins. In the context of digitalization, the “smart” ecosystem is becoming a global and growing multisectoral environment not only for industrial enterprises, but also for all market participants – suppliers, partners, public organizations, customers, etc. These associations contribute to faster adoption of innovative technologies, connecting resources for maximum results, flexible response to sharp changes in the market, which, in the context of digital transformation, require enterprises to achieve comprehensive results. The purpose of this study is to identify and identify the features of the digital transition of industrial enterprises to the smart ecosystem. The author determined what conditions contribute to the emergence of fundamentally new ecosystems of industrial enterprises that initiate the active development of innovative technologies and products, as well as the emergence of new opportunities for expanding the sphere of activity. An analysis of the stages of creating an effective “smart” ecosystem of industrial enterprises was carried out, and the characteristics of each of them were identified. It is noted that this smart ecosystem development plan will allow industrial enterprises to make more effective preparations for active external cooperation even in limited industry conditions. The study identifies six key factors, which include: synchronization of the life cycles of the enterprise; providing intelligent software and network connectivity for traditional industrial products; use analytics to take stock of production activities and make decisions based on data from a variety of sources, including products connected to the network; in-house production should be flexible; the transition to a smart ecosystem should start with an all-as-a-service business model; creating and managing smart ecosystems. These factors affect the successful and efficient functioning of the smart ecosystem of industrial enterprises in modern conditions, which will subsequently allow the provision of personalized, contextual, innovative services that generate regular revenues.

Improving the system of quantitative indicators for risk assessment of financial companies

The paper examines the existing methodological recommendations for assessing risk of financial institutions of non-bank financial services market participants. In particular, the focus is on the activities of financial companies, which are the largest non-banking market participants. The purpose of the study is to develop an approach to risk assessment of financial companies. The methodological basis for achieving the goal is a systematic analysis of the existing provisions of the regulator on the criteria for assessing the risk of financial institutions. The paper examines in detail the state of the modern risk assessment system in accordance with the criteria developed by the regulator, identifies key shortcomings of the recommendations and proposes to supplement the existing list of indicators that were taken into account by the previous regulator. An analysis of the legislation on the availability of quantitative indicators for assessing risk of non-banking financial services market participants was carried out, which made it possible to offer an expanded list of criteria for achieving the research goal. The expediency of the proposed system of quantitative indicators for assessing the risks of activity is confirmed by the existing actions of the regulator, which partially coincide with the proposed provisions. The developed recommendations provide an opportunity to improve the risk assessment system both for inspections by supervisors and for financial institutions seeking to strengthen preventive measures for their management.