Female Board Representation And Corporate Acquisition Intensity, Guoli Chen, Craig Crossland, Sterling Zhenrui Huang
Research Collection School Of Accountancy
This study examines the impact of female board representation on firm-level strategic behavior within the domain of mergers and acquisitions (M&A). We build on social identity theory to predict that greater female representation on a firm's board will be negatively associated with both the number of acquisitions the firm engages in and, conditional on doing a deal, acquisition size. Using a comprehensive, multi-year sample of U.S. public firms, we find strong support for our hypotheses. We demonstrate the robustness of our findings through the use of a difference-in-differences analysis on a sub-sample of firms that experienced exogenous ...
The Benefits Of Having A Comprehensive Financial Plan For The Average Consumer, And The Necessary Components Comprised To Make An Effective And Efficient Plan, Nicholas M. Lund
CMC Senior Theses
Socioeconomic changes in American society over the past few decades, as well as an overwhelming amount of uncertainty and misconceptions, have resulted in a majority of Americans to fall short of their financial goals in the short-term, the mid-term, and the long-term. Without proper preparation and financial planning, it is likely that these Americans, and many more, will be unable to reach these goals as well as retire comfortably. Many Americans are overwhelmed with the immense amount of financial information, tools and resources, and as a consequence are unable to plan their finances efficiently and effectively. Americans need a better ...
Chinese Approach To Exchange Rates And Impact On Trade, 2015 Keiser College - Ft Lauderdale
Chinese Approach To Exchange Rates And Impact On Trade, Kimberly D. Scott
Kimberly D Scott
The United States and China have embarked on considerable deliberation in the United States trade and the value of the Chinese currency among academics and politicians alike. Over the years, research on the two topics has consistently addressed the subject by investigating the equilibrium real exchange rate between the yuan (CNY) and the dollar (USD), with results exposing the undervaluation in the yuan since the 1990’s.
Cny & Usd: Foreign Exchange Rates, 2015 Keiser College - Ft Lauderdale
Cny & Usd: Foreign Exchange Rates, Kimberly D. Scott
Kimberly D Scott
A forward rate is related to a spot rate that is set to take place in the future (Bekaert & Hodrick, 2012). Interestingly, one issue that can be challenging when performing transactions is not knowing what the rate will yield in the future versus at present. Due to market pressures or even policy decisions, either a devaluation or revaluation of domestic currency to foreign currencies can transpire.
Purchased Goodwill And Its Accounting Treatment, 2015 Dublin Institute of Technology
Purchased Goodwill And Its Accounting Treatment, Terence Sheridan
The ITB Journal
When a company decides to purchase another company or enterprise, the consideration paid will, in many cases, exceed the total of the separate valuation of each of the assets and liabilities of the company or enterprise being purchased. The extent of the premium paid is sometimes dependent on the growth potential of the company in question. In other cases, the premium is linked to the possibilities for cost-cutting when synergies between the existing and new companies are exploited. Occasionally, the fact that a company has an established reputation or an established customer base will result in a considerable premium being ...
Behavioral Finance: Its History And Its Future, 2015 Southeastern University - Lakeland
Behavioral Finance: Its History And Its Future, Robert Christopher Hammond
Selected Honors Theses
The field of behavioral finance has attempted to explain a litany of biases, heuristics, and
inefficiencies present in financial markets since its creation in the 1980’s. This paper is structured as a comprehensive literature review of behavioral finance, and includes both the seminal works as well as more recent papers. The various subtopics of behavioral finance will also be analyzed, which include loss aversion, corporate finance, and momentum/contrarian investing. Finally, this paper will draw unique conclusions across behavioral finance and hypothesize about what topics within behavioral finance are likely to yield the most interesting research in the near ...
The Determinants Of The Capital Structure : Empirical Evidence From Indonesian Stock Exchange Companies, 2015 Pelita Indonesia School of Business
The Determinants Of The Capital Structure : Empirical Evidence From Indonesian Stock Exchange Companies, Teddy Chandra
Effect Of Leadership Style, Motivation, And Giving Incentives On The Performance Of Employees—Pt. Kurnia Wijaya Various Industries, 2015 Pelita Indonesia School of Business
Effect Of Leadership Style, Motivation, And Giving Incentives On The Performance Of Employees—Pt. Kurnia Wijaya Various Industries, Teddy Chandra, Elqadri Zainal Mustafa, Priyono Iyon Priyono, Management, Rahayu Puji Suci Poppy Poppy, Management
Perceived Risk Reduction In E-Commerce Environments, 2015 University of North Georgia
Perceived Risk Reduction In E-Commerce Environments, C. Michael Powell, Chris Conca
Atlantic Marketing Association Proceedings
During the past three decades, the growth of e-commerce has presented marketers with many new arenas for research and application. Certainly e-commerce has become a significant portion of the world economy and in particular the consumer sector. As previous literature has consistently considered perceived risk as a major factor consumer purchase decisions, this research identifies several major components of consumer perceived risk (PR) and their normative implications in the e-commerce environment
National Culture Dimensions And Consumer Digital Piracy: A European Perspective, 2015 University of Ljubljana
National Culture Dimensions And Consumer Digital Piracy: A European Perspective, Irena Vida, Monika Kukar-Kinney, Mateja Kos Kokli, James Reardon
Atlantic Marketing Association Proceedings
Digital piracy as a ubiquitous phenomenon affects a number of stakeholders, such as consumers, enterprises, and governments. Considering its global nature, it has been of particular interest to consumer researchers. Hence, a large body of digital piracy literature sheds light on the demand side and illuminates various predictors of digital piracy behavior (Harris & Daunt, 2011). Despite these efforts, very little attention has been devoted to applying international perspective in investigating digital piracy across different countries (Ki, Chang, & Khang, 2006). This study aims to fill this void by examining the digital piracy behavior in three EU countries. In addition, it examines ...
Have We Solved The Idiosyncratic Volatility Puzzle?, 2015 Ohio State University
Have We Solved The Idiosyncratic Volatility Puzzle?, Kewei Hou, Roger Loh
Research Collection Lee Kong Chian School Of Business
We propose a simple methodology to evaluate a large number of potential explanations for the negative relation between idiosyncratic volatility and subsequent stock returns (the idiosyncratic volatility puzzle). We find that surprisingly many existing explanations explain less than 10% of the puzzle. On the other hand, explanations based on investors’ lottery preferences, short-term return reversal, and earnings shocks show greater promise in explaining the puzzle. Together they account for 60-80% of the negative idiosyncratic volatility-return relation. Our methodology can be applied to evaluate competing explanations for a broad range of topics in asset pricing and corporate finance.
Corporate Lobbying And Firm Performance, 2015 Leeds School, Univ. of Colorado
Corporate Lobbying And Firm Performance, Hui Chen, David C. Parsley, Ya-Wen Yang, Hui Chen, David C. Parsley, Ya-Wen Yang
David C. Parsley
Counteracting Fraud, Waste And Abuse In Drug Test Billing, 2015 La Salle University
Counteracting Fraud, Waste And Abuse In Drug Test Billing, Allison Walton
Economic Crime Forensics Capstones
Medicaid, Medicare, and major insurance companies are being faced with increased costs for drug test screening. These costs are not caused by a spike in the use of narcotics by subscribers, but from unnecessary testing and overbilling by doctors and drug screening companies. Recovering drug addicts are required to have random drug tests during their treatment program, but instead of being random, the drug tests have become prescriptive. Testing is performed at specific times weekly on a single patient, for substances that return results that are unimportant to the doctors. Doctors are given drug testing kits by large drug testing ...
The Importance Of Being Dismissive: The Efficiency Role Of Pleading Stage Evaluation Of Shareholder Litigation, Lawrence A. Hamermesh, Michael L. Wachter
It has been claimed that the risk/reward dynamics of shareholder litigation have encouraged quick settlements with substantial attorneys’ fee awards but no payment to shareholders, regardless of the merits of the case. Fee-shifting charter and bylaw provisions may be too blunt a tool to control agency costs associated with excessive shareholder litigation, and are in any event now prohibited by Delaware statute. We claim, however, that active judicial supervision of public company shareholder litigation at an early stage reduces the costs of frivolous litigation to shareholders by separating meritorious from unmeritorious litigation before the full costs of discovery are ...
The Effect Of Florida’S Timeshare Resale Accountability Act And Securitization Announcements On Vacation Ownership Shareholder Wealth, 2015 University of Nevada, Las Vegas
The Effect Of Florida’S Timeshare Resale Accountability Act And Securitization Announcements On Vacation Ownership Shareholder Wealth, James R. Drake, Iii
UNLV Theses/Dissertations/Professional Papers/Capstones
The focus of this study deals with the vacation ownership, or timeshare, industry, and is two-fold. First, it examines the passage of a criminal law in Florida that deals with the resale of timeshare properties and measures the law’s effects on the timeshare industry in terms of shareholder wealth. Second, the study examines the effect of the announcement of the sale of asset-backed securities in the timeshare industry, also in terms of shareholder wealth. The cumulative abnormal returns of publicly traded lodging corporations that operate in the timeshare industry are calculated and analyzed for both studies.
The passage of ...
Creative Capital: Financing Hotels Via Eb-5, 2015 Cornell University
Creative Capital: Financing Hotels Via Eb-5, Arian Mahmoodi, Jan A. Deroos
Center for Hospitality Research Publications
Administered by the United States Citizenship and Immigration Service (USCIS), the EB-5 program (Employment-Based Immigration, Fifth Preference) allows foreign nationals to invest as little as $500,000 or as much as $1 million in a U.S. enterprise, in consideration of potentially receiving permanent residency in the United States. In recent years, EB-5 financing has grown exponentially and has become a highly utilized funding source for hotel development projects.1 Congress created the program in 1990 to stimulate the U.S. economy through foreign direct investment to create jobs. Despite the growth of the program, the EB-5 market is opaque ...
The Reform Of The Corporate Duty Of Care In China -- From The Introspection Of Delaware And Taiwan, 2015 Indiana University Maurer School of Law
The Reform Of The Corporate Duty Of Care In China -- From The Introspection Of Delaware And Taiwan, Jui-Chien Cheng
Theses and Dissertations
The concept of fiduciary duty, derived from common law, was introduced to the Company Law of People’s Republic of China in 2005. The fiduciary duty plays an extremely important role in common law, particularly in U.S. corporate law. For this reason, one might have expected dramatic consequences from its introduction to Chinese law. In reality, however, few fiduciary lawsuits have been brought to the courts of China since 2005. There are three main reasons for the rarity of due care lawsuits.
First, Chinese fiduciary law has neither clear content nor a practical enforcement. This is especially true of ...
For-Profit Schools: A History Of Abuse And The Need For Reform, 2015 Brigham Young University Law School
For-Profit Schools: A History Of Abuse And The Need For Reform, Stephanie N. Morse
Brigham Young University Education and Law Journal
No abstract provided.
Assessing The Probability Of Bankruptcy, 2015 Utah State University
Assessing The Probability Of Bankruptcy, Jarom Heaps
All Graduate Plan B and other Reports
Knowing whether or not a company is financial stable has always been a top concern for analysts and money managers. This paper compares the effectiveness of default prediction using two different types of measures: accounting and market based. Accounting measures have been the most popular even though, according to theory, a market based measure reflects all available information. Theory goes as far to say that accounting measures can add no incremental value to a market based measure. In my research I found that accounting based measures can be effective in their predictive power; the market-based measure (BSM) results were much ...
Prof. LIN Ping