Business Commons^™

Second Quarter 2017: Positive Momentum Continues: A New Price High Reached, Crocker H. Liu, Adam D. Nowak, Robert M. White Jr.

Crocker H. Liu

Our moving average trendlines, supported by our Standardized Unexpected Price (SUP) performance metrics, indicate not only positive price momentum but also that a statistically significant new high has been reached this quarter.

Forward looking indicators suggest that this momentum should continue into the next quarter. Further good news is that lenders are not demanding higher compensation for risk associated with hotel loans relative to other commercial real estate loans. However, the total risk of hotel REITs relative to the total risk of equity REITs as a whole continues to rise. This means that lenders will eventually start to tighten hotel ...

2017-08-02 Memo From The President, Morehead State University. Staff Congress.

Staff Congress Records

Memo sent from the president on August 2, 2017.

Effects Of Information Sidedness On Young Consumer Attitudes And Subjective Norms Toward Fashion Products Made Of Fur, Leather, And Wool, Minjung Lee, Elena Karpova

Elena E. Karpova

This study examined how information about fashion products made of animal-based materials might influence consumer attitudes and subjective norms. Based on elaboration likelihood model and theory of reasoned action, eight hypotheses were proposed and tested effects of (a) one-sided positive information; (b) one-sided negative information; and (c) two-sided information about animal-based materials on consumer attitudes and subjective norms toward purchasing fashion products made of fur, leather, and wool. A control group that received information irrelevant to animal-based materials was also used. An experiment employing a between-subjects design was conducted. A randomized multi-group design with four levels of treatment was employed ...

Beverage Bloggers: A Developing Relationship Between Wine Blogger Expertise And Twitter Followers, Byron Marlowe, Eric Adam Brown, Thomas Schrier, Tianshu Zheng

Eric Adam Brown

This pilot study examines how beverage bloggers’ beverage experience and certified wine knowledge influences their wine destination recommendations on Twitter. Microblogging a wine destination through Twitter is explored in this study. In the context of social media, the role of Twitter as a microblog in promoting wine destinations is specifically examined. The present study examines the food and beverage experience and wine credentials of bloggers through survey and correlations of their wine destination recommendations, travel habits and geographic home. This exploratory study finds that different levels of wine credentials have an influence on blogger's recommendation of both international and ...

Cara-Paling-Mudah-Mencari-Pinjaman-Uang Secara Online, Angela Karamoy

angela karamoy

Penjual Obat Aborsi Makasar, Cytotec Pfizer

Jual Obat Aborsi

• Tindakan aborsi untuk wanita yang mengalami kehamilan diluar nikah. 
• Ada beberapa cara menggugurkan kandungan baik secara alami maupun dengan menggunakan obat. 
• Kalau di luar sana sudah banyak kita jumpai pembahasan soal cara menggugurkan dengan nanas dan lain sebagainya.
• Jual obat aborsi ampuh jual obat aborsi tuntas secara alami dan aman tanpa ada efek samping yang mengakibatkan pada rahim anda. 
• Metode paling baik serta ampuh bagi kaum hawa untuk menggugurkan kandungan atau yang biasa di sebut dengan istilah abortus ( aborsi sendiri ) dari umur 1 minggu sampai 5 ...

Second Quarter 2017: Positive Momentum Continues: A New Price High Reached, Crocker H. Liu, Adam D. Nowak, Robert M. White Jr.

Cornell Real Estate Market Indices

Our moving average trendlines, supported by our Standardized Unexpected Price (SUP) performance metrics, indicate not only positive price momentum but also that a statistically significant new high has been reached this quarter.

Forward looking indicators suggest that this momentum should continue into the next quarter. Further good news is that lenders are not demanding higher compensation for risk associated with hotel loans relative to other commercial real estate loans. However, the total risk of hotel REITs relative to the total risk of equity REITs as a whole continues to rise. This means that lenders will eventually start to tighten hotel ...

Strategic Responses To Taxation And Welfare Effects Of Tax Policies, Sylvia Mwamba

Dissertations, Theses, and Student Research from the College of Business

This dissertation focuses on firms’ strategic responses to taxation and the welfare implications of changes in tax structure. The dissertation is comprised of three essays. In the first essay, I use the Tax Reform Act of 1986 to investigate how firms adjust their tax strategies in response to the tax incentives induced by the reform. The results in essay one suggest that the 1986 reform created incentives for firms following a sustainable tax strategy to engage in more tax avoidance behavior. In essay two, I test for the presence of strategic cost shifting behavior by examining the distribution of taxable ...

Not Merely A Matter Of Drawing Arrows: The Empirical Consequences Of Measurement Model Specification And Recommendations For Practice, Elisa K. Chan, Michael C. Sturman, Sanghee Park, Chelsea Vanderpool

Articles and Chapters

Understanding measurement model specification is especially important for hospitality research due to its cross-disciplinary nature and the prevalence of measures used in the field which are often central to the formative versus reflective debate (e.g., SERVQUAL, socioeconomic status). The current study contributes to this topic by providing empirically based prescriptive advice to drive better measurement model specification. Specifically, the decision-making procedures developed by this study can complement theoretical reasons for a model choice as well as help determine a correct model choice when theories are equivocal or non-existent. This study combines actual and simulated data to show that model ...

More Multi-Study Articles Wanted, Michael Lynn

Articles and Chapters

[Excerpt] Cornell Hospitality Quarterly (CQ) readers may have noticed that the lead article for this issue and for each of the previous two issues has been a multi-study paper. The lead article for the next issue of CQ will also be a multi-study paper, and this will be true for future issues as long as I have enough accepted multi-study papers to make it so. I want to use this editorial to explain my preference for multi-study articles and to encourage CQ authors to write and submit more of them.

Multi-Click Attribution In Sponsored Search Advertising: An Empirical Study In Hospitality Industry, Chris K. Anderson, Ming Cheng

Articles and Chapters

Sponsored search advertising has become a dominant form of advertising for many firms in the hospitality vertical, with Priceline and Expedia each spending in excess of US$2 billion in online advertising in 2015. Given the competition in online advertising, it has become essential for advertisers to know how effectively to allocate financial resources to keywords. Central to budget allocation for keywords is an attribution of revenue (from converted ads) to the keywords generating consumer interest. Conventional wisdom suggests several ways to attribute revenues in the sponsored search advertising domain (e.g., last-click, first & last-click, or evenly distributed approach). We ...

Ceo Political Ideology And Mergers And Acquisitions Decisions, Ahmed M. Elnahas, Kim Dongnyoung

EKU Faculty and Staff Scholarship

We examine the relation between CEOs political ideology and their firms' investment decisions, particularly their M&A decisions. Employing individual financial contributions data for the period from 1993 to 2006, we find that firm's investment decisions vary with CEO's political ideology. Our evidence indicates that Republican CEOs are less likely to engage in M&A activities. When they do undertake acquisitions, they are more likely to use cash as the method of payment, and their targets are more likely to be public firms and to be from the same industry. Further, Republican CEOs tend to avoid high information ...

Twin Momentum, Dashan Huang, Huacheng Zhang, Guofu Zhou

Research Collection Lee Kong Chian School Of Business

Using both the levels and the time-series trends of a collection of firms' major fundamentals, we find that fundamentals matter after all: they can also generate strong return momentum. A fundamental momentum strategy that goes long stocks with fundamental in the top quintile and short stocks with fundamental in the bottom quintile earns a monthly average return of 88 bps, and is comparable with the popular price momentum but has little correlation. Combining price momentum and fundamental momentum yields a twin momentum, which has an average return more than the sum of both price momentum and fundamental momentum. Twin momentum ...

Hotval Toolkit, Crocker H. Liu

Center for Real Estate and Finance Tools

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Scroll down to "Additional Files" to access the HOTVal Toolkit.

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HOTVal is a hotel valuation spreadsheet based on a regression model discussed in the Center for Real Estate and Finance at Cornell called Cornell Hotel Indices: Second Quarter 2012: The Trend is Our Friend by Crocker H. Liu, Adam D. Nowak, and Robert M. White, Jr. The model which will be continually updated, provides a rough estimation of the value of a hotel property once the user inputs information on whether the hotel is a large or small hotel, the year and quarter of the valuation, the state where the ...

Solving The Problem Of Capital Loss Distribution Upon Dissolution Of A Service Partnership, Jeffrey John Miles

Jeffrey John Miles

The Fruitcake Capital Of The World, Sara J. Grimes, Michael P. Mcdonald, John Leaptrott

Sara J. Grimes

Two different fruitcake companies in the same small town are discussed and their widely different strategies are presented. Each of the entrepreneurs began working with a “master baker” as little boys but later followed different paths to develop a successful fruitcake business. A brief history of the fruitcake is offered as evidence that the product has been around for hundreds of years and will likely not go away anytime soon in spite of the ridicule and humor that has surrounded fruitcakes during the past twenty-five years.

Generalizability Revisited: Comparing Undergraduate Business Students To Credit Union Managers, Michael P. Mcdonald, Darrell Parker, John Leaptrott, Sara J. Grimes

Sara J. Grimes

This paper looks at the use of college students in survey research. Specifically examined is the use of undergraduate business school students to generalize to adult populations of practicing managers. Some studies suggest that such generalizations are valid, while others argue that generalizations need to be undertaken with caution. The differences between particularistic research and universalistic research are discussed. The findings from a study of 69 undergraduate business majors and 67 practicing credit union managers are presented. In summary, the current study finds that the two groups are very different in terms of two well researched personality constructs: locus of ...

Global Outsourcing: A Study Of Student Attitudes, Michael P. Mcdonald, Darrell Parker, Angela M. Leverett, Sara J. Grimes, John Leaptrott

Sara J. Grimes

The practice of global outsourcing by U.S.A. companies is frequently the source of heated debate. Recently a Wall Street Journal-NBC News poll found that 86% of Americans believe that outsourcing is the number one factor contributing to the country’s continuing economic distress. This study presents the results of a survey designed to assess the attitudes toward global outsourcing among business students and non business students at a large regional university in the Southeast U.S.A. A survey of attitudes toward global outsourcing was administered to 284 undergraduate and graduate students. Descriptive statistics, frequencies and MANOVA methods ...

A Cross Country Comparison Of Best Practices In Recruitment And Selection, Greg Vickers, Michael P. Mcdonald, Sara J. Grimes

Sara J. Grimes

This study examines best practices in hiring related to the recruitment and selection process in English-speaking countries with an Anglo-Saxon heritage. Since such countries share a similar cultural backgrounds and histories, best practices are likely to be somewhat similar. Studies of best practices were examined in the following countries: United States of America, Australia, United Kingdom, Canada, and New Zealand. After looking at commonalities across “best practices” studies, the current investigation presents a common set of such practices in terms of usage.

How To Enhance Interdisciplinary Competence—Interdisciplinary Problem-Based Learning Versus Interdisciplinary Project-Based Learning, Mirjam Brassler, Jan Dettmers

Interdisciplinary Journal of Problem-Based Learning

Interdisciplinary competence is important in academia for both employability and sustainable development. However, to date, there are no specific interdisciplinary education models and, naturally, no empirical studies to assess them. Since problem-based learning (PBL) and project-based learning (PjBL) are learning approaches that emphasize students’ collaboration, both pedagogies seem suitable to enhance students’ interdisciplinary competence. Based on the principle of constructive alignment and four instructional principles on interdisciplinary learning, this paper proposes that students profit more from interdisciplinary PBL (iPBL) than interdisciplinary PjBL (iPjBL). A pre-post study was conducted with a sample of 95 students participating in iPBL and 183 students ...