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Exploring The Impact Of Information And Communication Technology (Ict) On Intermediation Market Structure In The Microfinance Industry, Frederick Riggins, David Weber 2016 North Dakota State University

Exploring The Impact Of Information And Communication Technology (Ict) On Intermediation Market Structure In The Microfinance Industry, Frederick Riggins, David Weber

The African Journal of Information Systems

The microfinance industry provides financial services to the world’s poor in hopes of moving individuals and families out of poverty. In 2013 there were 4.7 million active microfinance borrowers in Africa. This represents a smaller percentage of the population compared to other regions of the world, indicating the potential for rapid growth of microfinance in Africa. However, microfinance is maturing, in part due to the adoption of information and communication technologies (ICTs). This research examines how ICTs are changing the microfinance industry given recent advancements in mobile banking, Internet usage, and connectivity. By examining the microfinance market structure ...


Living With Terminal Capitalization Rates: A Look At Real Estate Valuation Model Parameter Setting, John B. Corgel, Hyun Seok Lee 2016 Cornell University School of Hotel Administration

Living With Terminal Capitalization Rates: A Look At Real Estate Valuation Model Parameter Setting, John B. Corgel, Hyun Seok Lee

Jack Corgel

This paper examines assumptions about future prices used in real estate applications of DCF models. We confirm both the widespread reliance on an ad hoc rule of increasing period-zero capitalization rates by 50 to 100 basis points to obtain terminal capitalization rates and the inability of the rule to project future real estate pricing. To understand how investors form expectations about future prices, we model the spread between the contemporaneously period-zero going-in and terminal capitalization rates and the spread between terminal rates assigned in period zero and going-in rates assigned in period N. Our regression results confirm statistical relationships between ...


The Causes And Consequences Of Corporate Short-Termism, Mark R. DesJardine 2016 The University of Western Ontario

The Causes And Consequences Of Corporate Short-Termism, Mark R. Desjardine

Electronic Thesis and Dissertation Repository

Corporate short-termism is one of the most significant concerns facing companies and society today. It demands that companies maximize profits in the short term regardless of the long-term consequences. Corporate short-termism can destroy long-run wealth generation, fuel job lay-offs, impede innovation, and neglect society’s social and environmental interests. Paul Polman, CEO of Unilever, declares that short-termism, “lies at the heart of many of today’s problems.”

In spite of the potential harm it may cause, corporate short-termism is one of least understood topics in management research. Anecdotal evidence suggests that financial market pressures fuel corporate short-termism, but little research ...


Findings From The 2015 Institutional Real Estate Capital Allocations Monitor, Matthew Green 2016 Cornell University

Findings From The 2015 Institutional Real Estate Capital Allocations Monitor, Matthew Green

Cornell Real Estate Review

Since 2013, the Baker Program in Real Estate and Hodes Weill & Associates have co-sponsored the Institutional Real Estate Capital Allocations Monitor (the “Allocations Monitor”). The Allocations Monitor was created to conduct a comprehensive annual assessment of institutional allocations to real estate investments through analyzing trends and collecting survey responses of institutional portfolios and allocations by region, type, and size of institution. The Allocations Monitor reports on the role of real estate investments in institutional portfolios, and the impact of institutional allocation trends on the investment management industry.


Do Individuals Or Firms Matter More? The Case Of Patent Generation, Tong Liu, Yifei Mao Ph.D., Xuan Tian 2016 Peking University

Do Individuals Or Firms Matter More? The Case Of Patent Generation, Tong Liu, Yifei Mao Ph.D., Xuan Tian

Yifei Mao

This paper studies the relative importance of individual inventors’ human capital and firms’ organizational capital in promoting a firm’s innovation output. We decompose the variation in innovation output into inventor- and firm-specific components. Inventors’ human capital is about 13 times as important as firms’ organizational capital in explaining a firm’s innovation performance in terms of patent counts and citations, while inventors’ human capital is only about the same as important when explaining the firm’s innovation styles in terms of patent exploratory and exploitive scores. In the cross section, inventors contribute more to innovation output when they are ...


Hunting For Financial Literacy, Georgia Sozou 2016 CUNY Hunter College

Hunting For Financial Literacy, Georgia Sozou

School of Arts & Sciences Theses

This paper summarizes and explores the results of a survey conducted at Hunter College of the City University of New York that surveys 211 students. It examines the relationships between the students’ individual characteristics, previous personal finance education and the levels of financial literacy of the Hunter College population.


Financial Wellness And Undergraduate Students, Kristin N. O'Donovan 2016 Butler University

Financial Wellness And Undergraduate Students, Kristin N. O'Donovan

BU Well

Liberal Arts Universities often include a core curriculum with the education provided to students. This core curriculum includes a variety of topics, separate from a student’s major, aimed at delivering a well-rounded education. However, one major topic seems to be missing from the core curriculum of many universities across the country: finance. Not only does this have implications to the financial wellness of undergraduate students, but the overall wellness of students as well. Undergraduate students face an increasingly difficult financial landscape with unique needs, and the financial decisions they make may have repercussions years or decades into their futures ...


The Identification And Exploitation Of Terrorist Financing, Jacob S. Gordon 2016 Liberty University

The Identification And Exploitation Of Terrorist Financing, Jacob S. Gordon

Senior Honors Theses

Terrorism and the threat of terrorist attacks have forced the United States to place a high priority on developing a comprehensive counterterrorism strategy. A crucial component of this overarching strategy focuses on targeting the finances of a terrorist organization, hoping to eliminate or stifle their sources of funding in an effort to render the organization incapable of launching successful operations due to an absence of funding. By analyzing the most common financing options that terrorist groups use, the United States can hone its ability to disrupt the funding operations for terrorist groups. Likewise, developing a method for tracking the laundering ...


Bubble Economics How Big A Shock To China’S Real Estate Sector Will Throw The Country Into Recession, And Why Does It Matter?, Bryane Michael, Simon Zhao 2016 University of Hong Kong

Bubble Economics How Big A Shock To China’S Real Estate Sector Will Throw The Country Into Recession, And Why Does It Matter?, Bryane Michael, Simon Zhao

Bryane Michael (bryane.michael@stcatz.ox.ac.uk)

How far do China’s property prices need to drop in order to send the country into a recession? What does this question tell us about the way Bubble Economies work? In this paper, we develop a theory of Bubble Economics – non-linear and often “systemic” (in the mathematical sense of the word) forces which cause significant misallocations of resources. Our theory draws on the standard elements of most stories of Bubble Economics, looking at the way banking, construction, savings/investment, local government and equities sectors interact. We find that Bubble Economies’ GDP growth can depend on property prices changes differently ...


The Effect Of Mortgage Timeline On The Investor's Portfolio, Grace Marie Wylie 2016 University of South Carolina - Columbia

The Effect Of Mortgage Timeline On The Investor's Portfolio, Grace Marie Wylie

Theses and Dissertations

This thesis project creates a hypothetical situation in which individuals choose either a thirty-year or fifteen-year fixed-rate mortgage on the same house at the same time and uses historical data to simulate the stock portfolios resulting from investment strategies based on this choice. Both strategies have the same time horizon and total monthly payment, so investors should be indifferent between the two. Using the fifteen-year strategy, the investor pays a higher mortgage payment every month for fifteen years then invests the entire amount of the payment in the stock market monthly for the next fifteen years. Using the thirty-year strategy ...


Inked With Debt: An Overview Of The Student Debt Market And A Potential For Change, Brian Alexander Kean 2016 University of South Carolina - Columbia

Inked With Debt: An Overview Of The Student Debt Market And A Potential For Change, Brian Alexander Kean

Theses and Dissertations

In a world of rapidly escalating amounts of student debt, the current system harms college stakeholders. Whether governments (state or federal), students, universities, or the economy, all parties are suffering in the current student debt market. At this point in time, student loans have become a sizeable debt vehicle second only to mortgage debt in the United States. A majority of students use loans to attend school, which often become a major decision in post-graduation plans. In addition, it is the only form of debt not dischargeable in bankruptcy. Due to this, an alarming amount of Americans have become ensnared ...


Commonalities Of Asset Pricing Bubbles, Lauren Frances Pensegrau 2016 University of South Carolina - Columbia

Commonalities Of Asset Pricing Bubbles, Lauren Frances Pensegrau

Theses and Dissertations

The focus of this thesis will be to examine the similarities between the 2007-2008 Subprime Mortgage Crisis and other crises resulting from the collapse of an asset pricing bubble throughout United States financial history. Particular emphasis will be placed on the real estate and stock bubbles of the 20th century, including the events leading up to the Great Depression and the Savings and Loan (S&L) crisis of the late 1980s. I explore commonalities throughout the life cycle of a bubble, from the catalysts that lead to bubble formation, to the drivers that fuel both expansion and collapse, and finally ...


Manajemen Sumber Daya Manusia, priyono iyon priyono management, marnis marnis marnis managenement 2016 university pgri adi buana

Manajemen Sumber Daya Manusia, Priyono Iyon Priyono Management, Marnis Marnis Marnis Managenement

priyono iyon priyono management

No abstract provided.


Manajemen Sumber Daya Manusia, priyono iyon priyono management, marnis marnis marnis managenement 2016 university pgri adi buana

Manajemen Sumber Daya Manusia, Priyono Iyon Priyono Management, Marnis Marnis Marnis Managenement

priyono iyon priyono management

No abstract provided.


Imports, Unionizationandracial Age Discrimination In The Us, Jacqueline Agesa, Richard U. Agesa 2016 Marshall University

Imports, Unionizationandracial Age Discrimination In The Us, Jacqueline Agesa, Richard U. Agesa

Jacqueline Agesa

Past studies of the relationship between competition and racial wages find that domestic competition reduces racial wage discrimination of nonunion workers. This article examines the effects of foreign competition on racial wages of union and nonunion workers utilizing an empirical model which allows for cluster-adjusted SEs by industry. Such a procedure allows independence of observations across industries but not within industries, thereby not overstating the significance of industry invariant controls. In this analysis, clustered SEs prevent the overstatement of the significance of imports as a means to reduce earnings discrimination. We find evidence of a wage premium for nonunion white ...


Imports, Unionizationandracial Age Discrimination In The Us, Jacqueline Agesa, Richard U. Agesa 2016 Marshall University

Imports, Unionizationandracial Age Discrimination In The Us, Jacqueline Agesa, Richard U. Agesa

Richard Agesa

Past studies of the relationship between competition and racial wages find that domestic competition reduces racial wage discrimination of nonunion workers. This article examines the effects of foreign competition on racial wages of union and nonunion workers utilizing an empirical model which allows for cluster-adjusted SEs by industry. Such a procedure allows independence of observations across industries but not within industries, thereby not overstating the significance of industry invariant controls. In this analysis, clustered SEs prevent the overstatement of the significance of imports as a means to reduce earnings discrimination. We find evidence of a wage premium for nonunion white ...


On The Behavior Of Entrepreneurial Factor Supply To The Firm, Nicos Zafiris 2016 University of Westminster

On The Behavior Of Entrepreneurial Factor Supply To The Firm, Nicos Zafiris

The Journal of Entrepreneurial Finance

This paper draws on an existing, but little used, approach to the choices governing the supply of ‘entrepreneurial’, in the sense of ‘residually remunerated’, resources to an enterprise, especially post start up. It focuses in particular on the hybrid ‘own factor demand/supply curve’ to the firm of Bronfenbrenner (1960), but attempts to treat such supply in conjunction with ‘contractual’ employment of resources, thus making use of gearing and portfolio concepts. To achieve this, it is found necessary for the hybrid schedule to be reinterpreted and recast as the locus of the relevant utility maximising choices. A model is presented ...


How Is The Stock Market Like Stephen Curry?, Mariah Paige Beane 2016 University of Tennessee, Knoxville

How Is The Stock Market Like Stephen Curry?, Mariah Paige Beane

University of Tennessee Honors Thesis Projects

No abstract provided.


How To Decrease Employee Turnover Rates Within Public Accounting Firms, Hannah Jankowski 2016 University of Tennessee, Knoxville

How To Decrease Employee Turnover Rates Within Public Accounting Firms, Hannah Jankowski

University of Tennessee Honors Thesis Projects

No abstract provided.


International Expansion In The Retail Industry: A Multi-Case Study On Strategic Expansionary Variables, Patrick Conaty 2016 University of Tennessee, Knoxville

International Expansion In The Retail Industry: A Multi-Case Study On Strategic Expansionary Variables, Patrick Conaty

University of Tennessee Honors Thesis Projects

No abstract provided.


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