Jovi Clemente Dacanay

Publications (18) View all

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  Available from: Jovi Clemente Dacanay

  Dataset: Can Outreach and Sustainability Co-Exist in the Microfinance Industry of the Philippines? An NGO and Rural Banks Performance Analysis

  Jovi C. Dacanay
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  Available from: Jovi Clemente Dacanay

  Dataset: Information Cascades and Social Learning (ECKM 2010 Abstract and Paper Jovi Dacanay et al)

  Jovi Dacanay, Maia Tyche King-Calvo, Angelo Anastacio A. Santos
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  Available from: Jovi Clemente Dacanay

  Article: Pollution mitigation and abatement with productivity: A global look (Second of Two Parts)

  Jovi Dacanay, Guaya Melgar, Krizia Aquino, Bryle Penamante
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  ABSTRACT: Pollution mitigation and abatement with productivity: A global look Firms that have reached a certain level of productivity tend to appreciate more the value of the environment. They are more likely to take the initiative to mitigate externalities and to invest in technology that will abate pollution. The researchers used an empirical model regressing the human development index (HDI) of 41 of the top 45 copper mining countries against environmental taxes, the amount of effluence produced, as well as industrial productivity. They also related environmental sustainability to environmental taxes, the amount of effluence produced, and per capita GDP and gross value added (GVA) of industry. The sample included those countries where the top 10 mining companies are located (host country) and also included the origin country of those firms. For example, BHP Billiton, the biggest mining company for aluminum, is an Australian company and has operations in Chile. Thus, both Australia (origin country) and Chile (host country) were included in the sample. Theoretical framework Pollution, such as emissions, are by-products of the production technology of several companies. The adverse effects of pollution are not desired, per se, by the producers. But producers contribute pollution to the environment wherever they operate. The adverse effects of pollution would mean that pollution has negative effects on the
  UA&P Staff Memos. 09/2011;
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  Available from: Jovi Clemente Dacanay

  Article: Pollution mitigation and abatement with productivity: A global look (First of Two Parts)

  Jovi Dacanay, Guaya Melgar, Krizia Aquino, Bryle Penamante
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  ABSTRACT: Pollution mitigation and abatement with productivity: A global look There are two opposing views on the relationship between industrial productivity and environmental sustainability. One view is that more productive countries are better able to mitigate pollution and make the environment more sustainable. The opposite view is that greater productivity leads to more pollution and in effect to nonsustainability of the environment. Among the values upheld in the 21st century is sustainable development. This is "development that meets the needs of the present without compromising the ability of future generations to meet their own needs." Widespread acceptance of the concept of sustainability has pushed many companies to include environment protection and proper waste management in their undertakings. However, the goal has been especially difficult for corporations whose operations produce a lot of negative externalities or unintended effects, among which are mining corporations and those involved in industrial production. Negative externalities include pollu-tion and environmental degradation. For mining operations, these effects may range from damage to or loss of environmental services and natural habitats to production of waste or pollutants in land, air, and water. Firms may bear some of these exter-nalities in the form of external costs. These potential external costs may be partially or fully mitigated and compensated. If not, the external costs are borne by other stake-holders subsidizing the firms that produce such externalities. Two opposing views are currently being posed when relating the mitigation policies and issues in perspective
  UA&P Staff Memos. 08/2011;
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  Available from: Jovi Clemente Dacanay

  Conference Proceeding: Movie Life Cycles and Knowledge Transmission: Does Learning occur when Viewing Films?

  Jovi C. Dacanay, Maia Tyche King-Calvo, Kristin Marie Chua
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  ABSTRACT: Knowledge and its dissemination can be described through a knowledge life cycle, akin to product life cycles used in marketing and business. Knowledge acquisition happens primarily through information that is accepted and processed, in spite of various signals or information which may alter or distract the learning process. Variations in signals contribute to the accumulation and transmission of knowledge, through positive network externalities. Knowledge about films is transmitted via television programs, advertisements and primarily through word-of-mouth, causing the occurrence of cascades and herding. The phases and length of each step in the life cycle of films, however, is not exact and unknown to movie producers, causing uncertainties in film production. The various uncertain phases of movie making, makes it a risky project. Studios and other film financiers put in large amounts of funds in movie projects without the guarantee of earning high returns. To minimize these risks, it is important for them to understand the risks involved in each type of film and identify, early on, the film types that would allow them to earn higher returns and lessen the uncertainties involved in venturing to such business. In order to assist the Philippines’ local movie and distribution industry to produce the right combination of film genre, based on their probable profitability, this study answers the question: What economic factors could serve as lead indicators in predicting a film’s box-office success, i.e. significantly high box-office ticket sales for films that are sleepers or blockbusters? From this, what explains herd behavior for blockbusters (very high first week box-office sales) vis-à-vis sleepers (very high second to third week box-office sales)? The study aims to determine the factors that would explain a film’s high box-office sales, and, measure the level of volatility and positive leverage present in blockbusters and sleepers. This objective is based on two hypotheses. First, the phenomenon of word-of-mouth in films can be measured through volatility and positive leverage. Second, volatility and positive leverage in film revenues explain the box-office success of blockbusters and sleepers. The theoretical approach makes use of information transmitted via word-of-mouth, and specifically, through information cascades and herd behavior, to describe how information is processed by consumers so that they would be satisfied with the movie they decide to watch, i.e. lessen the chances of watching a low quality movie. The empirical framework aims to systematically explain volatility of sales and leveraging as a trend for successful movies. Empirically, if volatility in box-office ticket sales is observed in the first two weeks of film screening, such ticket sales behavior would have a positive leverage effect which would allow films to be screened for more than three weeks. Using the EGARCH regression method (Exponential Generalized Autocorrelation with Conditional Heteroskedasticity), volatility and leverage effects shall be estimated and used to explain box-office ticket sales in the Philippines in 2003, a period when R-rated films are still being shown. Based on the results, movies, which have lasted four weeks or more, were evident to have positive leverage effects. The results show that knowledge transmission of a film’s quality takes effect in the first two weeks of screening. If high film quality is observed in this period, herd behavior takes place in the succeeding weeks, allowing the film to be rated either as a blockbuster or sleeper. A positive leverage effect is seen for blockbusters and sleepers, explaining knowledge transmission on good film quality. Good film quality denotes a combination of excellent film directing, acting and appropriate script. Such qualities are transmitted to other film directors and producers enabling and incentivizing them to invest on high quality film projects, which though catering to a mass audience, are also of excellent quality and good ethical content.
  Managing Services in the Knowledge Economy 2011, Vila Nova di Famalicao, Portugal; 01/2011