Business Commons^™

Loss Aversion, Adaptive Beliefs, And Asset Pricing Dynamics, Kamal Samy Selim Prof, Ahmed Eltabee Okasha Dr., Heba M. Ezzat Dr.

Business Administration

We study asset pricing dynamics in artificial financial markets model. The financial market is populated with agents following two heterogeneous trading beliefs, the technical and the fundamental prediction rules. Agents switch between trading rules with respect to their past performance. The agents are loss averse over asset price fluctuations. Loss aversion behaviour depends on the past performance of the trading strategies in terms of an evolutionary fitness measure. We propose a novel application of the prospect theory to agent-based modelling, and by simulation, the effect of evolutionary fitness measure on adaptive belief system is investigated. For comparison, we study pricing …

2015-09-10 General Education Council Meeting Minutes, Morehead State University. Faculty Senate., General Education Council.

Faculty Senate Records

General Education Council meeting minutes from September 10, 2015.

Egyptian Teachers’ Burnout: The Role Of Work Environment Characteristics And Job Stress, Sahar Mohamed Badawy

Business Administration

Recent research has pinpointed the serious effects of job burnout on both personal life and productivity in work. Yet, there is a gap in the research directed to service professions in developing countries. The aim of this study is to investigate the relationship between work environment, stress and burnout within the Egyptian context. The research proposes that stress mediates the relationship between work environment characteristics and burnout. An explanatory model was tested for the hypothesized relationships. The study was conducted on 325 Egyptian teachers with a response rate of 79.9% (250 teacher).The proposed model included 10 work environment components measured …

Strategies For Adopting Consumer-Generated Media In Small-Sized To Medium-Sized Tourism Enterprises, Stephen Burgess, Carmine Sellitto, Carmen Cox, Jeremy Buultjens

Carmen Cox

Consumer-generated media (CGM) are created when consumers submit, review or respond to online content. The bulk of research into CGM has focussed upon its use by consumers, with less research examining the use of CGM by small businesses. This article discusses small business sector use of online technologies such as CGM, concentrating on tourism small businesses as a key industry sector affected by CGM activities. A CGM ‘strategy’ framework, developed from an existing small business strategy framework, is proposed. This serves as a practical tool for developing CGM strategies and as a theoretical foundation for conducting research into the use …

Consumer Experiences Of Accommodation Deals Purchased Via Social Coupon Promotions: An Australian Perspective, Carmen Cox

Carmen Cox

The growing popularity of social coupons presents new marketing opportunities for the travel industry, with accommodation properties promoting deals to entice new visitors through the promise of a highly discounted stay. While their popularity has been well determined, little is known about the experience of guests who have purchased via these deals. This article explores guests’ evaluations of Australian accommodation properties by travelers who purchased their accommodation through daily deals, otherwise known as “social coupons.” A qualitative analysis of approximately 500 online reviews from travelers who had purchased an accommodation “daily deal” reveals 11 key themes in their poststay evaluations. …

Programación Patrimonial En La Empresa Familiar, Carlos Molina Sandoval

Carlos Molina Sandoval

Si bien el margen de libertad es mayor en las uniones convivenciales que en el matrimonio, aun en este caso la posibilidad concreta del régimen de separación de bienes brinda muchos elementos en la estructuración de negocios, acuerdos y demás instrumentos. Los cónyuges tiene la posibilidad de fijar no sólo las cuestiones tradicionales sino que podrán pautarse esquemas más sofisticados, en los que la comunión entre la propiedad, la gestión y la familia se relacionen con ratios de rendimientos, con asignación de beneficios económicos en función del logro de objetivos empresariales, con tableros de planificación que tengan en cuenta las …

Cynicism In Negotiation: When Communication Increases Buyers’ Skepticism, Eyal Ert, Stephanie J. Creary, Max H. Bazerman

Stephanie J. Creary

The economic literature on negotiation shows that strategic concerns can be a barrier to agreement, even when the buyer values the good more than the seller. Yet behavioral research demonstrates that human interaction can overcome these strategic concerns through communication. We show that there is also a downside of this human interaction: cynicism. Across two studies we focus on a seller-buyer interaction in which the buyer has uncertain knowledge about the goods for sale, but has a positive expected payoff from saying “yes” to the available transaction. Study 1 shows that most buyers accept offers made by computers, but that …

Circuit Breakers, Steven D. Dolvin

All Chapters

The U.S. has had market-wide circuit breakers in place since the late 1980s, and individual stock circuit breakers were put in place more recently. Given the increasing volatility in Chinese markets, they are now following suit. See article here, Reuters.

The Impact Of Credit Default Swaps On Corporate Investment Policy, Xinshu Xue

Theses & Dissertations

Credit Default Swaps (CDSs) play an important role in the financial markets. The introduction of CDSs has impacts on the bond market, and the financial characteristics and creditworthiness of the underlying reference entities. When financing is not frictionless, the investment policies of firms are related to their financial conditions. However, whether or how the introduction of CDS will directly affect the investment policy of the firm has not been examined empirically in the literature. To shed light on this issue, my study investigates the relation between credit default swaps trading and corporate investment policy for the listed firms in the …

Ada News - 09/07/2015, American Dental Association, Publishing Division

ADA News

Established in 1970 as the official newspaper of the American Dental Association, the ADA News serves practicing dentists and others allied to the dental profession in the U.S. and internationally. It is the No. 1 source of news and information about the many benefits and services the ADA delivers to members daily as well as timely information on scientific, social, political and economic developments affecting dentistry and health care.

Designing Multi-Target Salesforce Incentive Contract, Wenxin Huang

Theses & Dissertations

Multi-target incentive contracts are widely observed in practice to stimulate salesforce effort. However, little is known about their effectiveness and the issues involved in designing them. In this thesis, we investigate the incentive contracting problem between a manufacturer and an agent when the realized sales of a product are affected by both the agent's selling effort and the type of the agent. The agent's type is uncertain to the manufacturer, whereas the agent can observe the actual type when exerting her selling effort. Again, this is unobservable by the manufacturer. For contract design problem, we develop a principal-agent model with …

Geishapoker--.Png, Geisha Poker, Geisha Poker

Geisha Poker

Returns To Scale Pattern And Efficient Firm Size In The Public Accounting Industry: An Empirical Investigation, Carolyn Galantine, H. Chang, A. Thevaranjan

Carolyn A Galantine CPA., PhD

This paper employs Data Envelopment Analysis to investigate returns to scale patterns and efficient firm size in the public accounting industry in the USA post-Sarbanes–Oxley Act. Using contemporary survey data from Accounting Today's top-100 accounting firms for the years 2003 and 2004, our results indicate that the very largest accounting (first tier) firms display constant returns to scale, whereas approximately half of the smaller (second tier) firms exhibit increasing returns to scale. These findings suggest that while very large firms are optimally scaled, there still are economic efficiencies to be gained through expanding the size of nearly half of the …

A Financial Statement Analysis Project For Introductory Financial Accounting, Carolyn Galantine, Marilyn Misch

Carolyn A Galantine CPA., PhD

This paper describes a financial statement analysis project useful in both preparer- based and user-based introductory courses in financial accounting. The project requires students to analyze trends in corporate performance, to evaluate corporate financial decisions, to discuss non-financial statement issues that would be important to potential investors, to compare two companies within an industry, and to make investment recommendations. The project’s requirements are completely detailed on a single page, and the project is applicable to companies in any industry. The project requires only limited introduction in the classroom, is easily adaptable to reflect instructor preferences, and may be used as …

Salesforce Compensation Plans Incorporating Multidimensional Sales Effort And Salesperson Efficiency, Sunil Erevelles, Indranil Dutta, Carolyn Galantine

Carolyn A Galantine CPA., PhD

Sales force compensation models are often constrained by the assumption that salesperson effort is unidimensional. Some models have extended this scenario to multiple products but retain the "single-effort" assumption. In addition, salesperson efficiency has been ignored. As selling is clearly multidimensional, we present a formulation of an agency model (MIPAM) that incorporates multidimensional sales effort as well as salesperson efficiency. Using the model, we also show that under certain assumptions, we can build the second-order condition of the agent's maximization into the principal-agent problem, instead of assuming it, as has been done in the past.

Past Practices & Labor Relations: The Importance Of Institutional Memory, James Burkel

Journal of Collective Bargaining in the Academy

No abstract provided.

Past Practices & Labor Relations: The Importance Of Institutional Memory, Scott Laderman

Journal of Collective Bargaining in the Academy

No abstract provided.

Past Practice & Labor Relations: The Importance Of Institutional Memory, Scott Laderman, James Burkel, John Hamlin, Angela Latham

Journal of Collective Bargaining in the Academy

No abstract provided.

Music & Bargaining: Negotiating In Tune At Music Schools & Departments -- Associated Musicians Of Greater New York, Local 802, American Federation Of Musicians, Afl-Cio -And- The New School For Jazz And Contemporary Music

Journal of Collective Bargaining in the Academy

No abstract provided.

Berklee Faculty Union -- Faculty Contract Agreement 2013-2016

Journal of Collective Bargaining in the Academy

No abstract provided.