Business Commons^™

The Impact Of Operating System Obsolescence On The Life Cycle Of Distributed Teams, Herbert J. Mattord, Tridib Bandyopadhyay

Herbert J. Mattord

Operating System obsolescence is widely considered an important factor when architectural choices are made during the planning phase of systems development and maintenance. In this work, we seek to understand the importance that planners actually ascribe to this attribute in practice, and ask probing questions to the managers, developers, and analysts of systems in industry in the form of a survey. Initial results suggest that obsolescence is neither perceived as a critical factor during planning for systems development, nor is it viewed as a major contributor to the total cost of operation of client/server systems. However, the survey does identify …

Regulatory Compliance In Information Technology And Information Security, Herbert Mattord, Michael Whitman

Herbert J. Mattord

No abstract provided.

Parallel Sessions (Brand Management): Brand Personality Of Pakistan: Comparison Of Perception – Local Versus Foreign, Manzoor Khalidi

International Conference on Marketing

This paper involves a comparative examination of the country brand personality of Pakistan as perceived by the Pakistanis and that perceived by Non-Pakistanis. The objective is to understand: one, whether there exists a divergence between our self-perception and that of NonPakistanis; two, to understand the difference in perception with reference to the 13 subdimensions of country brand personality noted below; three, to ponder about the possible reasons for the divergence. The scale for measuring country personality was developed by combing four scales that had been developed and used in earlier research publications on brand personality. The scale was based on …

Experimenting In An Ipad Sandbox, Liz Thompson, Jamie Calcagno-Roach, Jennifer Keach, Mark Lane, Jonathan Paulo, Cindi Sandridge

Jennifer A Keach

Many people use personal mobile devices, but what are the advantages to educational and organizational use? The JMU Libraries and Educational Technologies (L&ET) faculty and staff experimented with mobile devices using a Sandbox format. From program structure and budgeting to sample group demonstrations and assessment, get a practical look at the planning necessary to implement a technology Sandbox. This results of the JMU L&ET technology Sandbox was presented at the 2012 VLA Annual Conference in the VLACRL poster session.

Intangible Investments And The Pricing Of Corporate Sga Expenses, Rongbing Huang, Gim S. Seow, Joe S. Shangguan

Rongbing Huang

This study examined whether the market fully prices the reported Selling, General, and Administrative (SGA) expenses when this item includes an intangible investment component. For a sample of intangible investment-intensive firms, we showed that their SGA expenses benefit future operating performances. Evidence suggests some degree of market inefficiency in the pricing of SGA expenses and the intangible investment component. Furthermore, the financial analysts do not appear to appreciate fully the future benefits of the component in their earnings forecasts. Finally, the pertinent disclosures in firms’ annual reports are so inadequate as to attenuate the market mispricing, suggesting a significant room …

Incentivizing Credit Rating Agencies Under The Issuer Pay Model Through A Mandatory Compensation Competition, Robert J. Rhee

Robert Rhee

Credit rating agencies are important institutions of the global capital markets. If they had performed properly, the financial crisis of 2008-2009 would not have occurred. This article offers the simplest fix proposed thus far, and it is contrarian. This Article accepts the central role of rating agencies in the regulation of bond investments, the realities of a duopoly, and the issuer-pay model of compensation. The status quo is the baseline. The role of regulation should be to create the conditions necessary to induce competition. This article proposes that a small, recurring portion of revenue earned by the largest rating agencies …

Do Venture Capitalists Play A Monitoring Role In An Emerging Market? Evidence From The Pay-Performance Relationship Of Chinese Entrepreneurial Firms, Jerry Cao, Qigui Liu, Gary Tian

Qigui Liu

This paper investigates venture capitalists' monitoring of managerial behaviour by examining their impact on CEO pay-performance sensitivity across various controlling structures in Chinese firms. We find that the effectiveness of venture capitalists' monitoring depends on different types of agency conflict. In particular, we find that venture capital (VC) monitoring is hampered in firms that experience severe controlling-minority agency problems caused by disproportionate ownership structures. We provide further evidence that VC is more likely to exert close monitoring in firms that have greater managerial agency conflict, and thus require more direct monitoring. However, controlling-minority agency problems have a greater impact on …

Do Venture Capitalists Play A Monitoring Role In An Emerging Market? Evidence From The Pay-Performance Relationship Of Chinese Entrepreneurial Firms, Jerry Cao, Qigui Liu, Gary Tian

Gary Tian

This paper investigates venture capitalists' monitoring of managerial behaviour by examining their impact on CEO pay-performance sensitivity across various controlling structures in Chinese firms. We find that the effectiveness of venture capitalists' monitoring depends on different types of agency conflict. In particular, we find that venture capital (VC) monitoring is hampered in firms that experience severe controlling-minority agency problems caused by disproportionate ownership structures. We provide further evidence that VC is more likely to exert close monitoring in firms that have greater managerial agency conflict, and thus require more direct monitoring. However, controlling-minority agency problems have a greater impact on …

Does Control-Ownership Divergence Impair Market Liquidity In An Emerging Market? Evidence From China, Xiaojun Chu, Qigui Liu, Gary Tian

Qigui Liu

This paper examines how institutional characteristics of emerging economies influence the effect of control-ownership divergence on market liquidity. We find that the divergence is negatively associated with liquidity and that this negative relationship is more pronounced in firms with more severe agency problems and information asymmetry. We argue that in an emerging market, the negative effect of the divergence on liquidity is worsened by state ownership and poorer shareholder protection, both of which result in more severe agency conflicts; we also find, however, that this effect is alleviated by the NTS reform, which aligns the interest of different shareholders.

Changing The Academic Culture: Valuing Patents And Commercialization Toward Tenure And Career Advancement, Paul R. Sanberg, Morteza Gharib, Patrick T. Harker, Eric W. Kaler, Richard B. Marchase, Timothy D. Sands, Nasser Arshadi, Sudeep Sarkar

Nasser Arshadi

Alumni And Students Launch Campaign, Usu Jon M. Huntsman School Of Business

Jon M. Huntsman School of Business News Collection

Huntsman alumni Craig Morris and Nate Bradshaw knew that Snap would be a success at first glance. The Snap product was originally invented by Eric Child, whose recent invention Fiber fix was featured on ABC’s Shark Tank, but who did not have the time capacity to fully promote the product. With Child’s permission to promote the product, Morris and Bradshaw teamed up with students Spencer Bailey and Kathryn Young, and launched the following Indiegogo campaign.

Why Does Society Support Science? And How To Meet The Expectations?, Fred D. Ledley

Natural & Applied Sciences Faculty Publications

Public support for science is related less to the wonder of scientific discovery than the expectation that scientific and technological advances will lead to new product, jobs, and economic growth. Recent evidence suggests that these outcomes are not certain. Fred Ledley argues that the public is often promised the benefits of scientific discoveries without adequate consideration of the business challenges inherent in translating science for public benefit.

2014-05-05 Meeting Minutes, Morehead State University. Staff Congress.

Staff Congress Records

Staff Congress meeting minutes for May 5, 2014.

Ada News - 05/05/2014, 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.

Dynamic Linkages Among Financial Markets In The Greater China Region: A Multivariate Asymmetric Approach, Kin-Yip Ho, Zhaoyong Zhang

Zhaoyong Zhang

This study examines the volatility dynamics of the Greater China stock markets by employing a multivariate framework that incorporates the features of asymmetries, persistence and time-varying correlations. The multivariate framework with these features will contribute to a better understanding of the interdependence and integration among the stock markets in the Greater China region. Our results confirm the existence of volatility persistence and asymmetries, and there is some evidence of a common degree of persistence ('co-persistence') among the markets. It is also found that the Mainland Chinese markets are actually less volatile than the Taiwan and Hong Kong stock exchanges in …

Volume, Volatility And Information Linkages In The Stock And Option Markets, Kin-Yip Ho, Lin Zheng, Zhaoyong Zhang

Zhaoyong Zhang

This paper examines the relationship between option trading activity and stock market volatility. Although the option market is uniquely suited for trading on volatility information, there is little analysis on how trading activity in this market is linked to stock price volatility. The bulk of the discussion tends to focus on whether trading activity in the stock market is informative about stock volatility. To analyze the information in option trading activity for stock market volatility, a sample of 15 stocks with the highest option trading volume is selected. For each stock, it is noted that the trading activities in the …

Monetary Integration And Exchange Rate Issues In East Asia, Paul De Grauwe, Zhaoyong Zhang

Zhaoyong Zhang

Not available

The Impact Of The Interaction Between Economic Growth And Democracy On Human Development: Cross-National Analysis, Shrabani Saha, Zhaoyong Zhang

Zhaoyong Zhang

This paper evaluates the effects of economic growth and democracy on human development using panel data over 170 countries for the period 1980-2010. Our results show that democracy enhances human development in any level of economic development. However, economic growth increases human development only in developing countries. The interaction effect between economic growth and democracy shows that democracy increase human development in developing countries where growth level is low.

A Monetary Union In East Asia: What Does The Common Cycles Approach Tell?, K Sato, David E. Allen, Zhaoyong Zhang

Zhaoyong Zhang

There is controversy about whether a monetary union is feasible in the East Asian region. Amongst the criteria for establishing a monetary union, most of the existing studies focus on the symmetric issue of fundamental shocks and the extent of correlations by applying the Blanchard and Quah (1989) structural vector autoregression (VAR) technique, which includes the firstdifferenced variables in the model and examines only bilateral relationships. When forming a monetary union, the member countries need to renounce their monetary policy autonomy. If shocks to respective economies are symmetric, the cost of relinquishing the discretionary monetary policy is likely to be …

Should Chinese Renminbi Be Blamed For Its Trade Surplus: A Structural Var Approach, Zhaoyong Zhang, Kiyotaka Sato

Zhaoyong Zhang

During the recent years, the Renminbi (RMB) exchange rate issue has been at the centre of ongoing debate over the source of global current account imbalance, especially with the United States. The objective of this study is to contribute to the current discussion by providing some new evidence on China’s exchange rate policy and the impacts of RMB devaluation/revaluation on China’s trade balance using a structural vector autoregression (VAR) approach. The results indicate that the dynamic effect of exchange rate on China’s trade balance is still very limited and China’s balance of trade is mainly determined by the world demand …