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This study examines the relationship between the wealth of European societies and their investment decisions in «sinful» industries, including tobacco, alcohol, and gambling. The study aims to challenge the widely held belief that... more
This study examines the relationship between the wealth of European societies and their investment decisions in «sinful» industries, including tobacco, alcohol, and gambling. The study aims to challenge the widely held belief that wealthier countries are more socially responsible in their investment choices and to investigate the impact of familiarity bias on investment decisions in these industries. An experimental research design with panel data compares the returns from a portfolio of sin stocks from Northern Europe with a portfolio of sin stocks from Southern and Eastern Europe. The study utilises multiple models, including the CAPM single-factor, the Fama-French three-factor, and the Fama-French five-factor, to measure the risk-adjusted returns of sin stocks across various European countries. Findings reveal that sin stocks from wealthier countries tend to have higher risk-adjusted returns compared to those from less wealthy countries. Sin stocks have a significant relation wit...
Impact of Capstone in enhancing Masters Students experience in UK/EU HEIs: using Bloom’s taxonomy
In this thesis, I examine the impact of energy price shocks in the United Kingdom using a New-Keynsian Dynamic Stochastic General Equilibrium (DSGE) model and a classic Real Business Cycle (RBC) model. The models are augmented with real... more
In this thesis, I examine the impact of energy price shocks in the United Kingdom using a New-Keynsian Dynamic Stochastic General Equilibrium (DSGE) model and a classic Real Business Cycle (RBC) model. The models are augmented with real rigidities and driven by exogenous shocks. Chapter 1 examines a DSGE model with New-Keynesian Philips Curve with three outputs of energy (petrol and utility), and non-energy output, using filtered data (1981:Q1-2014:Q4) of the UK. Chapter 2 examines a two-sector (RBC) model of energy intensive output and non-energy intensive output, using unfiltered data (1990:Q1-2014:Q4) of the UK. The models are econometrically estimated using indirect inference test that includes Monte Carlo simulation. I show how the study can be quantitatively applied by evaluating the effects of different shocks on output, relative prices and interest rate. I also show how energy price shocks affect output, asset prices and aggregate consumption in a classic RBC model. By decom...
There is a global competitive demand for graduates with soft skills, and higher education institutions are tasked to reduce the employee skill gap. Thus, we investigated the students' perceptions of peer assessment in facilitating... more
There is a global competitive demand for graduates with soft skills, and higher education institutions are tasked to reduce the employee skill gap. Thus, we investigated the students' perceptions of peer assessment in facilitating engagement in soft-skill development through group work activities. Using group work to measure the effectiveness of students' feedback on their assessment, we posit that students perceive self-assessment in group work as a tool that represents fairness. By focusing on learning in a peer-assisted learning environment, the study is a two-period different observation on the effectiveness and validity of peer assessment practice. We applied a group learning model over two academic sessions to investigate if students can self-evaluate accurately in a peer-learning environment. The employed methods included both qualitative and quantitative analysis. The findings of the study differ from previous findings that students cannot self-assess accurately. Emp...
Self-evaluation in a Peer Learning Environment: An Active-learning Process