scholarly journals MARKET COMPETITION FOR HIGH‐DENSITY RESIDENTIAL LAND

2010 ◽  
Vol 14 (1) ◽  
pp. 19-34
Author(s):  
Matthew L. Cypher ◽  
Darren K. Hayunga
Keyword(s):  
Formation Process ◽  
Market Competition ◽  
High Growth ◽  
High Density ◽  
Price Formation ◽  
Sample Period ◽  
Entire Sample ◽  
Residential Land ◽  
Potential Competition ◽  
The U.S

We investigate the potential competition between multifamily and condominium developers for raw land throughout the U.S. When considering the entire sample period, we find evidence that condominium developers paid, on average, more for land than their multifamily counterparts. Alternatively, when we separate the sample into low versus high‐growth locations and two time subperiods, we observe that the premium is not entirely consistent. The average premiums appear to be largely a result of the high‐growth locations from 2004 to mid‐2008. Indeed, the results demonstrate that condominium developers paid over 60 percent more for land in high‐growth states during the later subperiod. This extraordinary premium calls into question the price formation process in these locations. Santruka Savo darbe nagrinejame potencialia konkurencija tarp daugiabučiu namu ir kooperatiniu namu vystytoju del žemes sklypu visoje JAV teritorijoje. Nagrinedami visa imties laikotarpi, aptinkame irodymu, kad kooperatiniu namu vystytojai už sklypus vidutiniškai mokejo daugiau nei ju kolegos, statantys daugiabučius namus. Kita vertus, suskirsčius imti i letai ir sparčiai besivystančias vietoves bei du laikotarpius, pastebima, kad priemoka ne visiškai pastovi. Regis, priemoku vidurki iš esmes lemia sparčiai besivystančios vietoves ir laikotarpis nuo 2004 m. iki 2008 m. vidurio. Iš tiesu rezultatai rodo, kad per ši laikotarpi kooperatiniu namu vystytojai sparčiai besivystančiose valstijose už sklypus mokejo per 60 proc. daugiau. Tokia neitiketina priemoka verčia abejoti tose vietovese taikomu kainodaros procesu.

An Evaluation of Chinese Firms' Profitability: 2005–2013

2015 ◽  
Vol 29 (4) ◽  
pp. 799-828 ◽  
Author(s):  
Jing Liu ◽  
James A. Ohlson ◽  
Weining Zhang
Keyword(s):  
Cash Flow ◽  
Balance Sheet ◽  
High Growth ◽  
Cash Flows ◽  
Free Cash Flow ◽  
Sample Period ◽  
Chinese Firms ◽  
Capital Growth ◽  
Free Cash Flows ◽  
The U.S

SYNOPSIS We empirically examine the profitability of leading Chinese firms, benchmarked against comparable U.S. firms, for the period 2005–2013. Return on invested capital (ROIC), which excludes leverage effects on performance, provides the primary metric. Averaged over firms and years, the two sets of firms have similar profitability, about 11 percent annually. Decomposing ROIC into free cash flow yield and invested capital growth, we show that the same ROIC has very different compositions: while the Chinese firms have high growth and negative free cash flows, the U.S. firms have low growth and positive free cash flows. Due to balance sheet conservatism, we infer that Chinese (U.S.) firms' free cash flow yields and the resulting ROICs have been biased downward (upward). After correcting for the bias, we show that Chinese firms have much higher profitability than their U.S. counterparts: 15.1 percent versus 8.1 percent. This result is driven by the abundance of growth opportunities in China in our sample period. When we control for the growth rates, we find U.S. firms have been more “efficient” in generating more free cash flows than Chinese firms.

Introduction: Moral and Market disordering in the time of Covid-19

2021 ◽  
Vol 33 (3) ◽  
pp. 145-161
Author(s):  
Michaeline A Crichlow ◽  
Dirk Philipsen
Keyword(s):  
Economic System ◽  
High Growth ◽  
Special Issue ◽  
Relational Approach ◽  
Market Values ◽  
The Social ◽  
The World ◽  
World Economic ◽  
Triadic Relationship ◽  
The U.S

This special issue composed of essays that brainstorm the triadic relationship between Covid-19, Race and the Markets, addresses the fundamentals of a world economic system that embeds market values within social and cultural lifeways. It penetrates deep into the insecurities and inequalities that have endured for several centuries, through liberalism for sure, and compounded ineluctably into these contemporary times. Market fundamentalism is thoroughly complicit with biopolitical sovereignty-its racializing socioeconomic projects, cheapens life given its obsessive focus on high growth, by any means necessary. If such precarity seemed normal even opaque to those privileged enough to reap the largess of capitalism and its political correlates, the onset of the Covid-19 pandemic with its infliction of sickness and death has exposed the social and economic dehiscence undergirding wealth in the U.S. especially, and the world at large. The essays remind us of these fissures, offering ways to unthink this devastating spiral of growth, and embrace an unadulterated care centered system; one that offers a more open and relational approach to life with the planet. Care, then becomes the pursuit of a re-existence without domination, and the general toxicity that has accompanied a regimen of high growth. The contributors to this volume, join the growing global appeal to turn back from this disaster, and rethink how we relate to ourselves, to our neighbors here and abroad, and to the non-humans in order to dwell harmoniously within socionature.

An Analysis of the Price Formation Process at a HUD Auction

2000 ◽  
Vol 20 (3) ◽  
pp. 279-298 ◽  
Author(s):  
Marcus Allen ◽  
Judith Swisher
Keyword(s):  
Formation Process ◽  
Price Formation

scholarly journals Correlation of stock market returns in the West African region from 2008 to 2016

2019 ◽  
Vol 16 (3) ◽  
pp. 120-130 ◽  
Author(s):  
Eseosa Obadiaru ◽  
Alex Omankhanlen ◽  
Barnabas Obasaju ◽  
Henry Inegbedion
Keyword(s):  
United States ◽  
United Kingdom ◽  
Stock Market ◽  
United States Of America ◽  
Composite Index ◽  
The United States ◽  
The Other ◽  
Sample Period ◽  
Entire Sample ◽  
Stock Market Returns

Stock markets over the world have become more interconnected due to activities of foreign investors in search for alternative financial assets and markets to invest in order to diversify their portfolio. Stock market indices and index returns have been known to reflect linkages between different markets. This study assesses the extent of correlation of stock market index returns in West Africa and those of the United States of America (US) and United Kingdom (UK) from 2008 to 2016. The correlation between the index returns for the entire sample period and yearly samples were considered for Nigeria, Ghana, the BRVM, the USA and the UK. The indices selected for the five countries considered are the Nigerian All-Share Index, Ghanaian Composite Index, the BRVM Composite Index, the Financial Times 100 Index and the Standards and Poor’s 500 Index. Daily index returns data were used for the study and analyzed using correlation and multiple regression analysis. Findings revealed that the returns of the pairs of the United States of America (US) and the United Kingdom (UK) exhibited stronger positive correlation with each other than the other market pairs in the study both in the entire sample period and the yearly sub-period analysis. The correlations between the other market pairs were either positively or negatively weak or very weak indicating more diversification opportunities.

scholarly journals Aerospace Titanium Alloy Melt Process Quality Improvements

2020 ◽  
Vol 321 ◽  
pp. 04008
Author(s):  
Andrew Woodfield ◽  
Gérard Lemaitre
Keyword(s):  
Titanium Alloy ◽  
Aircraft Engine ◽  
Federal Aviation Administration ◽  
High Density ◽  
Vacuum Arc ◽  
Quality Improvements ◽  
Jet Engine ◽  
Aircraft Accident ◽  
The U.S

This Jet Engine Titanium Quality Committee (JETQC) paper describes industry quality improvements since 1990. Quality refers to freedom from melt-related hard-alpha and high-density inclusions (HDI). JETQC, formed under the auspices of the U.S. Federal Aviation Administration (FAA) following the Sioux City aircraft accident in 1989, is comprised of U.S., E.U. and Japanese aircraft engine manufacturers to address the quality of premium / rotor quality titanium alloy production. Titanium suppliers provide melt-related inclusion data. JETQC focuses on hard-alpha and HDI inclusion rates in premium quality (PQ) titanium alloy products for critical rotating aircraft engine applications. PQ materials typically are produced via triple vacuum arc re-melt (3XVAR) or hearth melt VAR (HMVAR) processes, but more recently, the Skull plus VAR (SVAR) process has been introduced. Hard-alpha rates have continued to decline over the last decade primarily for the HMVAR process. HDI rates declined in the early 90’s, but more recently the overall rate has stayed approximately constant with inclusions confined to the 3XVAR process. Combining the trends for both hard-alpha and HDIs, the HMVAR process has demonstrated in recent years to be higher quality compared with the 3XVAR process.

Impact of Career Experiences on Health Outcomes Among Immigrants in the Midwest

2021 ◽  
pp. 101-123
Author(s):  
Caroline Kingori ◽  
Mohammad Rifat Haider ◽  
Seleshi Ayalew Asfaw ◽  
Senya Afi Ghamli
Keyword(s):  
Health Outcomes ◽  
High Growth ◽  
Immigrant Workers ◽  
Career Experiences ◽  
Skilled Immigrants ◽  
Playing Field ◽  
The Us ◽  
The Impact ◽  
The U.S

Immigrants in the US work in diverse professions and contribute to the economy. They play an important role in the economies in which they settle by complementing the skills lacking and create a level playing field for wages in the labor market. The U.S. Midwest has seen exceptionally high growth in immigrant populations in recent decades. While employment leads to a better quality of life when workers can afford basic necessities, immigrants encounter dire health challenges due to unemployment, underemployment, extreme working conditions, long work hours, and no paid leave. There is limited research examining the connection between career development experiences with the health of immigrant workers. This chapter examines the impact that employment circumstances have on skilled immigrants' health outcomes in the Midwest.

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