Medicaid Expansion, Long-Term Care Financing In Retirement States And The Post World War Ii Birth Cohort,
2013
University of Georgia - Athens
Medicaid Expansion, Long-Term Care Financing In Retirement States And The Post World War Ii Birth Cohort, Toni P. Miles
Center for Policy Research
This policy brief contains a formal consideration of ideas discussed during a presentation to the 2012 Syracuse Seminar on Aging. Like most briefs, it will appeal to policy makers and academics craving detailed demographic, fiscal and policy data. Before diving into this brief, I would encourage readers to view the presentation video (available at http://www.youtube.com/ watch?v=bsv8K7DdJFY). As you will see, the seminar was informal and the discussion was wide ranging. In contrast, this brief focuses on limitations faced by states as they finance longterm care. It is primarily concerned with the Medicaid expansion and growing need for care as the …
The Effect Of Corporate Tax Avoidance On The Cost Of Equity,
2013
Singapore Management University
The Effect Of Corporate Tax Avoidance On The Cost Of Equity, Beng Wee Goh, Jimmy Lee, Chee Yeow Lim, Terry Shevlin
Research Collection School Of Accountancy
While prior studies have examined how investors perceive extreme forms of tax avoidance behavior such as tax sheltering and uncertain tax position (e.g., Hanlon and Slemrod 2009; Wilson 2009; Koester 2011; Hutchens and Rego 2012), there is little evidence on how investors perceive less extreme forms of tax avoidance. This study fills this void by examining the relation between firm’s cost of equity and corporate tax avoidance using three measures that capture less extreme forms of corporate tax avoidance: book-tax differences, permanent book-tax differences, and long-run cash effective tax rates. We find that less aggressive forms of corporate tax avoidance …
On Properties Of Discrete (R,Q) And (S,T) Inventory Systems,
2013
Singapore Management University
On Properties Of Discrete (R,Q) And (S,T) Inventory Systems, Marcus Ang, Jing-Sheng Song, Mingzheng Wang, Hanqin Zhang
Research Collection Lee Kong Chian School Of Business
We consider single-item (r, q) and (s, T) inventory systems with integer-valued demand processes. While most of the inventory literature studies continuous approximations of these models and establishes joint convexity properties of the policy parameters in the continuous space, we show that these properties no longer hold in the discrete space, in the sense of linear interpolation extension and L♮-convexity. This nonconvexity can lead to failure of optimization techniques based on local optimality to obtain the optimal inventory policies. It can also make certain comparative properties established previously using continuous variables invalid. We revise these properties in the discrete space.
Sustainable Business Models: The Contribution Of Network Organization And Governance Modes,
2013
Singapore Management University
Sustainable Business Models: The Contribution Of Network Organization And Governance Modes, Sudhi Seshadri, Michael Ehret
Research Collection Lee Kong Chian School Of Business
We provide a framework for the design of sustainable business models. While extant literature on business models focuses on unlocking positive externalities, we propose a business model framework that effectively addresses negative externalities. A taxonomy-based on transorganizational models and governance modes - classifies instruments that counsel behaviour patterns. Sustainability strategies that deal with externalities often merge instruments to manage multi-stakeholder responsibilities and exchanges. The framework draws upon three established research themes - network organizational models, governance modes, and instrumental stakeholder theory - to distinguish between six instrument classes. To illustrate its potential for analysis the paper compiles instruments within these …
Academic Paper Supports Housing Curbs For Prs, Foreigners,
2013
Singapore Press Holdings
Academic Paper Supports Housing Curbs For Prs, Foreigners, Mindy Tan, David Kuo Chuen Lee
Research Collection Lee Kong Chian School Of Business
No abstract provided.
Reit To Deal With Hdb Demand-Supply Challenges,
2013
Singapore Press Holdings
Reit To Deal With Hdb Demand-Supply Challenges, Chor Hao Ong, David Kuo Chuen Lee
Research Collection Lee Kong Chian School Of Business
A group of academics from the Singapore Management University (SMU) and a noted property consultant are making the case for a REIT comprising Housing and Development Board (HDB) residential and commercial units.
Testing For Multiple Bubbles 1: Historical Episodes Of Exuberance And Collapse In The S&P 500,
2013
Singapore Management University
Testing For Multiple Bubbles 1: Historical Episodes Of Exuberance And Collapse In The S&P 500, Peter C. B. Phillips, Shu-Ping Shi, Jun Yu
Research Collection School Of Economics
Recent work on econometric detection mechanisms has shown the effectiveness of recursive procedures in identifying and dating financial bubbles. These procedures are useful as warning alerts in surveillance strategies conducted by central banks and fiscal regulators with real time data. Use of these methods over long historical periods presents a more serious econometric challenge due to the complexity of the nonlinear structure and break mechanisms that are inherent in multiple bubble phenomena within the same sample period. To meet this challenge the present paper develops a new recursive flexible window method that is better suited for practical implementation with long …
Housing Policies In Singapore: Evaluation Of Recent Proposals And Recommendations For Reform,
2013
Singapore Management University
Housing Policies In Singapore: Evaluation Of Recent Proposals And Recommendations For Reform, Sock Yong Phang, David Kuo Chuen Lee, Alan Cheong, Kok Fai Phoon, Karol Wee
Research Collection School Of Economics
The Singapore housing market is unusual in its high homeownership rate, the dominance of HDB housing, and the extensive intervention of the government in regulating housing supply and demand in both the HDB and private housing sectors. Recent rapid population increases in a low interest rate and high global liquidity environment has resulted in accelerated house prices increases in Singapore. Earlier this year, the government launched “Our Singapore Conversation” of which discussion on housing policies constitutes one major component. This “conversation” comes in the wake of several consecutive rounds of measures to stabilize housing prices using various instruments. This paper …
Data Science In Supply Chain Management: Data-Related Influences On Demand Planning,
2013
University of Arkansas, Fayetteville
Data Science In Supply Chain Management: Data-Related Influences On Demand Planning, Yao Jin
Graduate Theses and Dissertations
Data-driven decisions have become an important aspect of supply chain management. Demand planners are tasked with analyzing volumes of data that are being collected at a torrential pace from myriad sources in order to translate them into actionable business intelligence. In particular, demand volatilities and planning are vital for effective and efficient decisions. Yet, the accuracy of these metrics is dependent on the proper specification and parameterization of models and measurements. Thus, demand planners need to step away from a "black box" approach to supply chain data science. Utilizing paired weekly point-of-sale (POS) and order data collected at retail distribution …
Your Media Speak So Loud I Can't Hear A Word You're Saying: Impact Of Media And Media Selection On Performance,
2013
University of Arkansas, Fayetteville
Your Media Speak So Loud I Can't Hear A Word You're Saying: Impact Of Media And Media Selection On Performance, Martin Hassell
Graduate Theses and Dissertations
With the proliferation of communication media and technologies available, it is important for teams to understand the influence of these media on the performance of their communications. Additionally, it is important for researchers to understand how teams choose and use media. Literature on communication media impacts and communication performance has been somewhat fragmented, and researchers have used different theories and paradigms to study this problem. Researchers still do not have a full understanding of how media influences communication, whether teams recognize and select appropriate media for their communication needs, and what makes some communication more effective, irrespective of the communication …
Predicting Hospital Patients' Admission To Reduce Emergency Department Boarding,
2013
University of Massachusetts Boston
Predicting Hospital Patients' Admission To Reduce Emergency Department Boarding, Mohammadmahdi Moqri
Graduate Masters Theses
Emergency Department (ED) boarding - the inability to transfer emergency patients to inpatient beds- is a key factor contributing to ED overcrowding. This paper presents a novel approach to improving hospital operational efficiency and, therefore, to decreasing ED boarding. Using the historic data of 15,000 patients, admission results and patient information are correlated in order to identify important admission predictor factors. For example, the type of radiology exams prescribed by the ED physician is identified as among the most important predictors of admission. Based on these factors, a real-time prediction model is developed which is able to correctly predict the …
Understanding The Antecedent Competencies Of Organizational Risk Management Capabilities,
2013
Clemson University
Understanding The Antecedent Competencies Of Organizational Risk Management Capabilities, Jason Riley
All Dissertations
Hurricanes, tsunamis, and terrorism, are visible catastrophes that disrupt continuity for many organizations. Yet behind the curtain, there are multitudes of smaller events that cause supply chain disruptions. For example, quality issues, shipping delays, information system malfunction, demand spikes, and inventory mismanagement can quickly ripple from one supply chain to another. Practitioners work feverishly to contain small interruptions, while large disruptions can upset the supply chain for multiple organizations and depress an organization's financial valuation by up to 40%.
This study extends risk management thinking by exploring behavioral-based practices, rather than buffer inventory, redundant capacity, or financial countermeasures, as these …
Essays On Service Strategies: Evidence From Banking And Healthcare Industries,
2013
Clemson University
Essays On Service Strategies: Evidence From Banking And Healthcare Industries, Sriram Venkataraman
All Dissertations
The primary objective of this dissertation is to provide insights for service providers in general, and retail bankers and hospital administrators in particular, that will help them improve their operational efficiency and effectiveness. In doing so, this dissertation consists of three essays that develop multiple service operations strategies, that identifies key elements affecting efficiency and effectiveness in two key critical industries: banking and healthcare. We contribute to service operations strategy research and practice by incorporating multi-disciplinary theories and approaches from marketing, economics, and quality management. Although operations researchers and practitioners alike realize the importance of productivity and effectiveness, they are …
Non-Audit Fees, Institutional Monitoring, And Audit Quality,
2013
Singapore Management University
Non-Audit Fees, Institutional Monitoring, And Audit Quality, Chee Yeow Lim, David K. Ding, Charlie Charoenwong
Research Collection School Of Accountancy
We posit that the effect of non-audit fees on audit quality is conditional on the extent of institutional monitoring. We suggest that institutional investors have incentives and the ability to monitor financial reporting quality. Because of the reputation concerns and potential litigation exposure, auditors are likely to provide high audit quality, when they also provide non-audit services to clients, particularly when clients are subject to high institutional monitoring. We find evidence that, as non-audit fees increase, audit quality (measured by performance-adjusted discretionary current accruals and earnings-response coefficients) reduces only for clients with low institutional ownership but not for clients with …
Do Firms Hedge Optimally? Evidence From An Exogenous Governance Change,
2013
Singapore Management University
Do Firms Hedge Optimally? Evidence From An Exogenous Governance Change, Sterling Zhenrui Huang, Urs Peyer, Benjamin Segal
Research Collection School Of Accountancy
We ask whether firms hedge optimally by analyzing the impact the NYSE/NASDAQ listing rule changes have had, which exogenously imposed board composition changes on a subset of firms, on financial risk management. Using new proxies for the extent of financial risk management in non-financial firms we find that treated firms reduce their financial hedging, in a difference-in-difference framework. The reduction is concentrated in firms with higher conflicts of interests, such as a high CEO equity ownership level, which exposes them to more idiosyncratic risk, and a higher occurrence of option backdating. We reject the hypothesis that newly majority-independent boards reduce …
2013 August,
2013
Morehead State University
2013 August, Office Of Communications & Marketing, Morehead State University.
Morehead State Press Release Archive, 1961 to the Present
Press releases for August of 2013.
A Multi-Objective Memetic Algorithm For Vehicle Resource Allocation In Sustainable Transportation Planning,
2013
Singapore Management University
A Multi-Objective Memetic Algorithm For Vehicle Resource Allocation In Sustainable Transportation Planning, Hoong Chuin Lau, Lucas Agussurja, Shih-Fen Cheng, Pang Jin Tan
Research Collection School Of Computing and Information Systems
Sustainable supply chain management has been an increasingly important topic of research in recent years. At the strategic level, there are computational models which study supply and distribution networks with environmental considerations. At the operational level, there are, for example, routing and scheduling models which are constrained by carbon emissions. Our paper explores work in tactical planning with regards to vehicle resource allocation from distribution centers to customer locations in a multi-echelon logistics network. We formulate the bi-objective optimization problem exactly and design a memetic algorithm to efficiently derive an approximate Pareto front. We illustrate the applicability of our approach …
Can Hedge Funds Time Liquidity?,
2013
Pennsylvania State University
Can Hedge Funds Time Liquidity?, Charles Cao, Yong Chen, Bing Liang, Andrew W. Lo
Research Collection BNP Paribas Hedge Fund Centre
We explore a new dimension of fund managers' timing ability by examining whether they can time market liquidity through adjusting their portfolios' market exposure as aggregate liquidity conditions change. Using a large sample of hedge funds, we find strong evidence of liquidity timing. A bootstrap analysis suggests that top-ranked liquidity timers cannot be attributed to pure luck. In out-of-sample tests, top liquidity timers outperform bottom timers by 4.0–5.5% annually on a risk-adjusted basis. We also find that it is important to distinguish liquidity timing from liquidity reaction, which primarily relies on public information. Our results are robust to alternative explanations, …
Investment Performance And Price-Earnings Ratios: Basu 1977 Revisited,
2013
Utah State University
Investment Performance And Price-Earnings Ratios: Basu 1977 Revisited, Richard John Criddle
All Graduate Plan B and other Reports, Spring 1920 to Spring 2023
In this work I reexamined Basu’s 1977 work using an out-of-sample, out-of-period test on the returns of a sample of common stock for the period February 2003 to December 2012, from the viewpoint of a rational investor wishing to use data for investment approaches. The data was examined for normalcy, and similar methodology and definitions of ratios and return were used in order to closely follow Basu’s work. I found that the assets in the sample used here do not display the same results found by Basu in regard to the relationship between returns and price-earnings ratio under either the …
How Kaizen Group Leader Selection Affects Group Participation,
2013
Western Kentucky University
How Kaizen Group Leader Selection Affects Group Participation, M. Joleen Byerline
Masters Theses & Specialist Projects
Organizational communication research indicates group member participation increases as the legitimate power differences among group members decreases. Lean principles and practices indicate Kaizen Event members will contribute regardless of legitimate power levels, due to member training, education, and the Lean team-oriented culture. Further study is needed to determine if Lean culture and training maximize group member contribution, or if legitimate power levels in Lean environments manipulate participation. The focus of this case study is a central Kentucky Lean manufacturing organization that practiced Lean principles for at least three years and completed a Kaizen Event within twelve months previous to the …
