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R&D Investment Strategies Of Firms: Renewal Or Abandonment. A Real Options Perspective, Pingping Song Sep 2009

R&D Investment Strategies Of Firms: Renewal Or Abandonment. A Real Options Perspective, Pingping Song

Managerial Sciences Dissertations

This research develops a real options perspective framework for firms‘ valuation of strategic investments. I propose that a real options perspective can provide an effective means of re-examining and revising firms‘ strategic investment decisions in general, and of making individual, investment-level abandonment decisions in particular. The principal purposes of this research are to explore whether firms make abandonment decisions in accordance with real options theory, and the relative strength of the traditional economic theory, the behavioral theory of the firm and real options theory in explaining firms‘ abandonment decisions. I develop a set of hypotheses in the context of firms‘ …


Reinsurance Contracting With Adverse Selection And Moral Hazard: Theory And Evidence, Zhiqiang Yan Sep 2009

Reinsurance Contracting With Adverse Selection And Moral Hazard: Theory And Evidence, Zhiqiang Yan

Risk Management and Insurance Dissertations

This dissertation includes two essays on adverse selection and moral hazard problems in reinsurance markets. The first essay builds a competitive principal-agent model that considers adverse selection and moral hazard jointly, and characterizes graphically various forms of separating Nash equilibria. In the second essay, we use panel data on U.S. property liability reinsurance for the period 1995-2000 to test for the existence of adverse selection and moral hazard. We find that (1) adverse selection is present in private passenger auto liability reinsurance market and homeowners reinsurance market, but not in product liability reinsurance market; (2) residual moral hazard does not …


Transparency, Risk, And Managerial Actions, Gwendolyn Pennywell Sep 2009

Transparency, Risk, And Managerial Actions, Gwendolyn Pennywell

Finance Dissertations

I investigate the relation between firm risk and firm transparency over the period 1992-2006 and find that the level of firm transparency and the level of firm risk are negatively related. I also find that higher CEO pay-performance sensitivity (delta) works to mitigate this inverse relationship. This result is consistent with Hermalin and Weisbach (2007) who suggest that managers reduce risk to protect their pay and performance evaluations under higher levels of firm transparency. I further find that firms in high technology industries are more likely to increase risk relative to firms in other industries when transparency is high. Finally, …


The Mediating Role Of Ethical Decision Making In The Relationship Between Job Characteristics And Job Outcomes: An Examination Of Business-To-Business Salespeople, G. Alexander Hamwi Sep 2009

The Mediating Role Of Ethical Decision Making In The Relationship Between Job Characteristics And Job Outcomes: An Examination Of Business-To-Business Salespeople, G. Alexander Hamwi

Marketing Dissertations

The purpose of this research is to examine how the ethical decision making of a salesperson is influenced by job characteristics, and how ethical decision making then influences job outcomes. This research is important because the field of ethics draws from diverse disciplines that have minimal agreement with each other. While calls have been made for a uniform standard of ethics, a better decision may be for each discipline to look internally to determine both what ethics is and how it functions in relation to other variables on in each disciplines unique field. This study examines first how the exogenous …


A User-Centered Perspective On Information Technologies In Museums, Jessie Pallud Sep 2009

A User-Centered Perspective On Information Technologies In Museums, Jessie Pallud

Computer Information Systems Dissertations

Information Technology (IT) has been put forth as a reasonable way to sustain visitor interest and encourage visit repetition in museums. Therefore, IT is becoming more common in museum settings and professionals express their need for more information about how their visitors interact with these systems. This dissertation is an attempt to answer this call. We propose three essays that deal with different aspects of museums and IT from a user-centered perspective. The first essay is an attempt to determine with a free simulation experiment how IT and more particularly websites can arouse interest for museological content. The second essay …


Studies On Adaptation To Information Systems: Multiple Roles And Coping Strategies, Christophe Elie-Dit-Cosaque Sep 2009

Studies On Adaptation To Information Systems: Multiple Roles And Coping Strategies, Christophe Elie-Dit-Cosaque

Computer Information Systems Dissertations

Understanding individual adaptation to Information Systems (IS) has received relatively little attention in IS research. For furthering these issues, a multi-paper dissertation is adopted and studies distinct aspects of user interaction with IT related with adaptation. Thus, in order to better understand how system users adapt to IT disruptions this study examines (1) how system users who become disrupted by IS that provide them with too much information interact with these systems, (2) the influence of espoused cultural values (Srite et al. 2006) on user coping strategies of adaptation to IS, and (3) middle managers responses to the implementation of …


Asset Acquisition Criteria: A Process Tracing Investigation Into Real Estate Investment Decision Making, Vivek Sah Sep 2009

Asset Acquisition Criteria: A Process Tracing Investigation Into Real Estate Investment Decision Making, Vivek Sah

Real Estate Dissertations

Choosing the right investment option by a fund manager or analyst is the first step that contributes to the overall performance of any portfolio of assets. The decision making process is complicated. Markowitz portfolio theory (1952, 1959) laid the theoretical foundations for asset selection and management. However the decision maker is influenced by parameters outside the realm of financial theory and mathematical models (French and French 1997; French 2001). The actual behavior of decision makers can deviate from this normative model. This can be due to the problem solving behavior of the human brain. Human problem solving theory began with …


The Impact Of Local Media Pessimism On Residential Real Estate Markets, Changha Jin Sep 2009

The Impact Of Local Media Pessimism On Residential Real Estate Markets, Changha Jin

Real Estate Dissertations

This study uses content analysis and a controlled experiment as data generation methods to investigate the precise nature of the largely unexplored relationship between the content of real estate news and activities in the real estate market. The theoretical base of the research is Kahneman’s two system view (2003) of cognitive processing, which is applied to an individual’s decision-making about the residential real estate market. The affect heuristic provides the theoretical basis for studying the relationship between the emotional content of local media information and decision making in the residential real estate market. The research question seeks to measure the …


Controlling Telework: An Exploratory Investigation Of Portfolios Of Control Applied To Remote Knowledge Workers, Jijie Wang May 2009

Controlling Telework: An Exploratory Investigation Of Portfolios Of Control Applied To Remote Knowledge Workers, Jijie Wang

Computer Information Systems Dissertations

Abstract Enabled by the development of information technologies, telecommuting and telework have been incorporated into organizations for around 30 years. However, there still exists resistance to this work arrangement, particularly from middle-level managers. Formal knowledge about how to manage telework is needed to keep the managers better informed. I conducted a qualitative exploratory study to investigate how managers exercise controls in the telework environment and examined the role of the use of information technologies in organizational controls in this work environment. Based on interview data with people from two work groups that participate in telework program, I found that the …


A Multidimensional And Visual Exploration Approach To Project Portfolio Management, Guangzhi Zheng May 2009

A Multidimensional And Visual Exploration Approach To Project Portfolio Management, Guangzhi Zheng

Computer Information Systems Dissertations

Managing projects in an organization, especially a project-oriented organization, is a challenging task. Project data has a large volume and is complex to manage. It is different from managing a single project, because one needs to integrate and synthesize information from multiple projects and multiple perspectives for high-level strategic business decisions, such as aligning projects with business objectives, balancing investment and expected return, and allocating resources. Current methods and tools either do not well integrate multiple aspects or are not intuitive and easy to use for managers and executives. In this dissertation project, a multidimensional and visual exploration approach was …


Essay 1: 'An Examination Of The Efficiency, Foreclosure, And Collusion Rationales For Vertical Takeovers' Essay 2: 'Determinants Of Firm Vertical Boundaries And Implications For Internal Capital Markets', Jaideep Ranjal Shenoy Apr 2009

Essay 1: 'An Examination Of The Efficiency, Foreclosure, And Collusion Rationales For Vertical Takeovers' Essay 2: 'Determinants Of Firm Vertical Boundaries And Implications For Internal Capital Markets', Jaideep Ranjal Shenoy

Finance Dissertations

Essay 1: An Examination of the Efficiency, Foreclosure, and Collusion Rationales for Vertical Takeovers We investigate the efficiency, foreclosure, and collusion rationales for vertical integration using a large sample of vertical takeovers. The efficiency rationale posits that vertical integration prevents future holdup between non-integrated suppliers and customers. In contrast, the foreclosure and collusion rationales suggest that vertical integration harms competition. To distinguish between these hypotheses, we examine the wealth effects of the merging firms, acquirer rivals, target rivals, and corporate customers on announcement of vertical takeovers. Our univariate and cross-sectional results suggest that firms alter their vertical boundaries in a …


Exploring It-Based Knowledge Sharing Practices: Representing Knowledge Within And Across Projects, Alina Maria Dulipovici Apr 2009

Exploring It-Based Knowledge Sharing Practices: Representing Knowledge Within And Across Projects, Alina Maria Dulipovici

Computer Information Systems Dissertations

EXPLORING IT-BASED KNOWLEDGE SHARING PRACTICES: REPRESENTING KNOWLEDGE WITHIN AND ACROSS PROJECTS Drawing on the social representation literature combined with a need to better understand knowledge sharing across projects, this research lays the ground for the development of a theoretical account seeking to explain the relationship between project members’ representations of knowledge sharing practices and the use of knowledge-based systems as boundary objects or shared systems. The concept of social representations is particularly appropriate for studying social issues in continuous evolution such as the adoption of a new information system. The research design is structured as an interpretive case study, focusing …


Ceo Risk Taking And Firm Policies: Evidence From Ceo Employment History, Lingling Wang Apr 2009

Ceo Risk Taking And Firm Policies: Evidence From Ceo Employment History, Lingling Wang

Finance Dissertations

I propose that CEO employment history is an observable characteristic that reveals the CEO’s unobservable risk-taking preferences. I hypothesize that CEOs that change employers more frequently (mobile CEOs) have a propensity to bear risk and implement riskier firm policies. Using a sample of S&P 1500 CEOs, I find that firms are more likely to hire mobile CEOs when the firm’s prior risk is high, firm-specific human capital is less important, the prior CEO turnover is forced, the prior CEO has a shorter tenure and the board is smaller and has fewer insiders. Mobile CEOs increase financial leverage, invest more in …


Trusting It Artifacts: How Trust Affects Our Use Of Technology, Anthony Osborn Vance Apr 2009

Trusting It Artifacts: How Trust Affects Our Use Of Technology, Anthony Osborn Vance

Computer Information Systems Dissertations

Despite recent interest in the role of trust in Information Systems, the potential of IS to foster trust in business relationships remains largely untapped. In order to better realize this potential, this dissertation examines three areas of IS trust research for which research is particularly limited: (1) the IT artifact as a target of trust, (2) IS-based source credibility as an antecedent of trust, and (3) the effect of anonymity on trust in online environments. The objective of this dissertation is to examine the effects of IS on trust in each of these areas. To do so, a multi-paper dissertation …


An Examination Of The Deaf Effect Response To Bad News Reporting In Information Systems Projects, Michael John Cuellar Apr 2009

An Examination Of The Deaf Effect Response To Bad News Reporting In Information Systems Projects, Michael John Cuellar

Computer Information Systems Dissertations

Information systems project management has historically been a problematic area. One of the reasons for this has been the issue of escalation where resources continue to be committed to a failing course of action. While many causes of escalation have been proposed, this dissertation investigates one possible cause: that the project manager may not hear, ignores or overrules a report of bad news to continue a failing course of action: the Deaf Effect response to bad news reporting. This effect has not been previously studied within the information systems literature. In this dissertation, the Deaf Effect is examined through a …


Exploring The Relationship Between Supply Network Configuration, Interorganizational Information Sharing And Performance, Marcia Daley Jan 2009

Exploring The Relationship Between Supply Network Configuration, Interorganizational Information Sharing And Performance, Marcia Daley

Managerial Sciences Dissertations

ABSTRACT EXPLORING THE RELATIONSHIP BETWEEN SUPPLY NETWORK CONFIGURATION, INTER-ORGANIZATIONAL INFORMATION SHARING AND PERFORMANCE By MARCIA DALEY August 2008 Committee Chair: Dr. Subhashish Samaddar Major Department: Decision Science Critical to the success of a firm is the ability of managers to coordinate the complex network of business relationships that can exist between business partners in the supply network. However many managers are unsure on how best to leverage their resources to capitalize on the information sharing opportunities that are available in such networks. Although there is significant research on information sharing, the area of inter-organizational information sharing (IIS) is still evolving …


An Investigation Into Reit Performance Persistency, Xiaorong Zhou Jan 2009

An Investigation Into Reit Performance Persistency, Xiaorong Zhou

Real Estate Dissertations

Using a sample of EREIT returns during the period 1993 to 2006 from the CRSP/Ziman REITs database, I construct portfolios of equity REITs based on past raw returns and evaluate their raw returns and risk-adjusted returns during the holding period for persistence. After adjusting for risk with Carhart (1997)’s 4-factor model, I find no evidence of persistence. By implication, a momentum strategy of buying historical winners and short-selling losers does not generate statistically significant abnormal returns. However, I do find strong evidence of performance reversal based on two-year and three-year ranking and holding periods. Consistent with DeBondt and Thaler (1985)’s …


Fair Or Foul? Determining The Rules Of The Fair Pricing Game, Jodie Lynne Ferguson Jan 2009

Fair Or Foul? Determining The Rules Of The Fair Pricing Game, Jodie Lynne Ferguson

Marketing Dissertations

Past research on perceived price fairness has examined outcome fairness, or the fairness of an offered price in respect to other prices (e.g., Campbell 1999a; b). In this research consumers’ perceived fairness of the process used by the retailer to set the price, as well as outcome perceived price fairness (PPF), were examined. In the first of two studies, twelve price-setting practices were evaluated on procedural fairness, pervasiveness (i.e., commonness of price-setting practice in the marketplace), and social acceptability within six contexts. Social acceptability was found to be highest when the price-setting practice was both procedurally fair and perceived to …