Vol 18, No 2

Table of Contents


An Empirical Examination of the Arbitrage Pricing Theory: Evidence from Jordan PDF
Mohammad K. Elshqirat
Investors in the stock market need a valid and accurate model to predict the expected rate of return on their portfolios which necessitate testing many pricing models and determining which model is the most accurate. The problem is that both single-factor and multi-factor capital asset pricing models (CAPM) are not valid for predicting the expected rate of return. The purpose of this quantitative study was to test the validity of the arbitrage pricing theory (APT) in the Jordanian stock market as an alternative to the CAPM. The study was theoretically based on the arbitrage pricing theory introduced by Stephen Ross. The main focus of the research questions was on examining the relationship between stocks' rate of return calculated using the price index of Amman stock exchange (ASE) and a set of macroeconomic variables. The website of ASE, central bank of Jordan, and department of statistics were used to collect data about ASE price index and the independent macroeconomic variables of unemployment rate, gross domestic product (GDP), industrial producers' price index (IPPI), and exports for the period from 2000 to 2016. Collected data were analyzed using multiple-linear regression. Due to the detected multicollinearity between GDP and exports, GDP was excluded from the proposed model. The results revealed that among three variables tested, only IPPI had a significant negative effect on the stocks' rate of return.

A Hermeneutic Phenomenological Inquiry: Probing Challenges and Prospects of Left-behind Children Education in the Northern Shaanxi Province, China PDF
Lin Ge, Douglas Durst
This research presents the lived experience of left-behind children living in the northern Shaanxi province, China. Herein hermeneutic phenomenological inquiry is employed to identify the main challenges faced by those left-behind children who are in the primary school stage and underlying causes. Unstructured observations in classroom and recess sessions are conducted. Ten left-behind children in the age range from 9-13 years, their guardians, and teachers in two towns are interviewed. The findings report the personal feelings and experiences of these children, including academic skills, socializing abilities, life, and psychological stress. Recommendations for policy and practice are offered. Arguably, the findings in the study might not only potentially serve as viable targets for universal preventive interventions and socially inclusive education of the group but also facilitate a more supportive and inclusive life and educational process for similarly marginalized groups outside China.

The African Verbal Art Artist PDF
Andrew Bula
This paper probes three broad characteristics of the African verbal art artist, namely: the sources from which materials are derived for oral performance, the aesthetics of the artist’s oral art, and the functional role of the same. Bias attention is paid to the verbal art artist among the Tivs in Nigeria in West Africa and particularly to the artist’s art of oral poetry, although references to other art forms and other African peoples or places are made without being heavy-handed with the geographical zones of the continent. It is postulated that the sources where ideas are gotten to produce oral poetry are from personal and social experiences; the amusement provided by the artist through verbal art has a modicum of usefulness; and the utility of the art of the verbal artist also offers diversionary.

Improvement of Public Health Services in the Era of Regional Autonomy in Sidoarjo Regency, Indonesia PDF
Rr Herini Siti Aisyah, Hadi Shubhan, Nur Basuki Minarno, L. Budi Kagramanto
The World Health Organization (WHO) states that there are three dimensions, that must absolutely be considered, to improve the public health, namely (1) what the percentage of the population is guaranteed, (2) how complete the services are guaranteed, and (3) how much the direct costs are borne to the population. Meeting the need for health services must be supported by various health facilities and institutions. Procurement of health facilities is carried out jointly by the government and the private sectors by taking into account the factors of effectiveness and achievement for the poor and special groups such as infants, toddlers and pregnant women. The higher the demand of the people for the quality of health services and facilities, the harder the government must strive to meet them to gain the excellent service. The quality service must be implemented in all facilities of government and private health centers. Through the better quality of health service, it is highly epected that the people will be more interested in utilizing the health care facilities such as primary health cares, hospitals and others. It is expected that the greater authority of the regional goernment in the era of autonomy can accelerate the bureaucratic reform encouraging the realization of the excellent service in the health sector. In order to be able to provide satisfactory services to the people, some various systematic and comprehensive efforts are necessary to carry out related to the development of technology in the health sector and the better treatment of the diseases. Improving excellent service is compulsory to serve the people satisfactorily.

The Mueller Report: More Questions Than Answers PDF
Richard J. Hunter, John H. Shannon
This paper considers three major points of the Mueller Report, namely: Was the entire matter of Russian interference in the 2016 Presidential election a “hoax”? Did the Trump Campaign conspire with, coordinate with, or collude with Russia? And, did the President obstruct justice? The paper also includes our conclusions and commentary relating to Special Counsel Mueller’s decision-making and choices, many of which we argue were flawed, leaving more questions than answers for the American people.

Research on Ranciere’s Artistic Systems from Aesthetic Theory PDF
Peng Haiyan
This paper mainly discusses three kinds of artistic systems of Ranciere, i.e. the ethical system of image, the reproduction system of art and the aesthetic system of art, revealing that Ranciere’s aesthetic system is essentially an equal and democratic politics.

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