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Impact Of Esg Ratings On Company Stock Price Returns, Benjamin Mccormick
Impact Of Esg Ratings On Company Stock Price Returns, Benjamin Mccormick
Honors College Theses
ESG, Environmental, Social, Governance, is a new business philosophy that asserts that businesses have a duty to the environment, their communities, and to act legally and ethically. ESG rating agencies are built around grading public companies on their fulfillment of these objectives. Critics of ESG cite that ESG dilutes the primary purpose of business, to create value for shareholders. This paper uses regression analysis to test whether these perspectives are mutually exclusive. With stock returns as the dependent variable and ESG ratings as the dependent variable of interest, this paper finds a slight correlation between lower returns and companies in …
The Impact Of Federal Reserve Monetary Policy On Sector Etf And Market Cap Etf Performance, Maverick J. Boring
The Impact Of Federal Reserve Monetary Policy On Sector Etf And Market Cap Etf Performance, Maverick J. Boring
Honors College Theses
This study explores the impact of Federal Reserve policy changes on returns and volatility of U.S. equity markets, including large cap, mid cap, and small cap as well as the eleven sectors of the S&P 500. Federal Reserve policy changes in this study are measured by changes in the federal funds target rate. To measure the impact of these rates on U.S. equity markets, I construct a longitudinal dataset inclusive of exchange traded funds (ETFs) that serve as proxies for all eleven sectors, as well as one index and two ETFs that capture the performance of small, mid, and large …
Ceo’S Tweets And Firm Stock Returns: A Case Study Of Elon Musk And Tesla, Jauron Gunther Dam
Ceo’S Tweets And Firm Stock Returns: A Case Study Of Elon Musk And Tesla, Jauron Gunther Dam
Honors College Theses
This research study explores the relationship between a CEO’s public statements and a firm’s abnormal stock returns by focusing on the case study of Elon Musk’s tweets and Tesla’s stock price over the course of 2021. A longitudinal dataset is constructed by analyzing how the information contained in tweets affected Tesla’s short-run stock price. The textual data is analyzed based on CEO tweets, the daily frequency of tweets, explicit and implied fundamentals, and sentiment. The content of Elon Musk’s publications may lead TSLA to have abnormal returns. The tweets are able to capture influences from fundamentals and psychology. When Elon …
Theater And Covid-19: Examining How The Pandemic Financially Affected Production Crew Members In The Theater Industry, Abigail Jasak
Theater And Covid-19: Examining How The Pandemic Financially Affected Production Crew Members In The Theater Industry, Abigail Jasak
Honors College Theses
Since the beginning of 2020, the Covid-19 pandemic has severely impacted many aspects of almost every industry worldwide. This paper will cover the financial effect that the Covid-19 pandemic has had on production crew members working within the theater industry. Research will be conducted through literature review, evaluating similar historical events and current discussions throughout the industry, and one-on-one structured interviews with production crew members who were financially impacted by the pandemic. The main goal of this thesis is to examine the different financial situations of production crew members and determine if management and production companies within the industry were …
Using Modern Portfolio Theory To Create Efficient Portfolios From The S&P500, Dylan Rhoads
Using Modern Portfolio Theory To Create Efficient Portfolios From The S&P500, Dylan Rhoads
Honors College Theses
The Standard & Poor’s 500 Index (S&P 500) serves as a proxy for the U.S. equity market and is among the most widely cited financial instruments in the world. Its risk and return can be accepted as the market’s, leading it to be the benchmark for performance in many investment settings. Modern portfolio theory helps to quantify performance by explaining the relationship between risk and return. Every portfolio has its own return and risk level, with the optimal allocations falling on the “Efficient Frontier”, that is the line on a graph that connects the portfolios that have the maximum return …
Modeling The Stock Market Through Game Theory, Kylie Hannafey
Modeling The Stock Market Through Game Theory, Kylie Hannafey
Honors College Theses
Game Theory is used on many occasions to help us understand interactions between decision-makers. The famous Nash equilibrium is a steady state in a model that shows the interaction of different players, in which no player can do better by choosing a different action if the actions of the other players do not change. These two concepts can be applied to numerous situations that vary in types of players, but for our research, we are focusing on businesses in the stock market. The main objective is to use Game Theory to analyze data collected from the stock market, model our …
Influence Of Moody’S Rating Downgrade And Upgrade On The U.S. Equity Market: A Case Study Of Ibm, Ford, And Boeing, Qianhe Zhang
Influence Of Moody’S Rating Downgrade And Upgrade On The U.S. Equity Market: A Case Study Of Ibm, Ford, And Boeing, Qianhe Zhang
Honors College Theses
The main purpose of my thesis is to determine the current influence of credit rating downgrades and upgrades made by Moody's on the U.S. equity market. Previous literature has already talked about the effect of credit ratings on stock or bond price, however, my paper is different from previous works. I will focus on a single nationally recognized credit rating organization; I will talk about the both downgrade effect and the upgrade effect; I will do a case study of the credit rating effect on Ford, IBM, and Boeing. The results indicates that overall, Moody’s rating announcements have an important …
The Show Must (Not) Go On: The Effects Of Covid-19 On New York’S Broadway Professionals, Lucy Yezulinas
The Show Must (Not) Go On: The Effects Of Covid-19 On New York’S Broadway Professionals, Lucy Yezulinas
Honors College Theses
Live events have been drastically impacted during the coronavirus pandemic, especially Broadway. The purpose of this paper is to shed light on the struggles being faced by Broadway professionals as a result of Covid-19 and Broadway shutting down. As for the methodology, it was decided to interview various Broadway professionals about their experience working in the industry during a worldwide pandemic. The main areas of focus were financial and psychological repercussions. The analysis section discusses the negative financial impact of the shut down, the impact of not having the 2020 Tony awards, as well as the psychological impact on unemployment. …
Fintech Regulations In The United States Compared To Regulations In Europe And Asia, Victoria Williams
Fintech Regulations In The United States Compared To Regulations In Europe And Asia, Victoria Williams
Honors College Theses
Fintech, or financial technology, is an up and coming industry and yet at the same time has been around since the 1950s. In Europe and Asia, there has been a lot of innovation, and lawmakers have been forced to keep up with regulating the rapidly growing industry. However, the United States has not risen to the occasion of properly regulating this industry and can learn from countries in Europe and Asia on how to effectively regulate fintech. This essay explains generally what fintech is, why it must be properly regulated, how countries in Europe and Asia regulate it, and how …
Evaluating An Mlb General Manager’S Bang For Their Buck, Devin Mathura
Evaluating An Mlb General Manager’S Bang For Their Buck, Devin Mathura
Honors College Theses
With my passion for baseball, I decided to calculate the value of each player on an MLB active roster and determine whether they are underpaid or overpaid. I then used that information to evaluate and rank how efficient each MLB general manager utilizes their money on players. With the luxury tax becoming more of an issue for teams with high payrolls, there has been an emphasis on general managers to construct a team that will be highly competitive at a reasonably low price. In my report, I imported data that reflected the position for each player as well as their …
Publishing In The Top Journals Of The Abdc Journal List: A Cross-Disciplinary Study, Austin D. Glover, Lowell Mooney Dr., Axel Grossmann Dr.
Publishing In The Top Journals Of The Abdc Journal List: A Cross-Disciplinary Study, Austin D. Glover, Lowell Mooney Dr., Axel Grossmann Dr.
Honors College Theses
The purpose of this research is to determine the probability that faculty will publish in the top journals in their respective fields, and if the probability of publishing in those top journals is equally likely across accounting, finance, and management disciplines. To address these questions we collected data from the top journals on the ABDC Journal list for the years 2013-2014. Specifically, we wanted to know how many publication opportunities in the top journals were available during the those two years, how many schools were able to publish in the top journals, and which schools had the most success in …
An Exploration Of Income Characteristics: Analyzing Targets And Acquirers In Banking Mergers And Acquisitions, Stephanie S. Simpson
An Exploration Of Income Characteristics: Analyzing Targets And Acquirers In Banking Mergers And Acquisitions, Stephanie S. Simpson
Honors College Theses
With the large number of bank mergers occurring from 1990 to 2007, it is useful to know why acquirers chose to merge with these targeted entities. This research analyzes the income characteristics of targets and acquirers for this period to determine any indicators that distinguish an acquirer’s income structure from a target’s. To do this, income statement items from these banking entities are examined using factors such as size, serial or nonserial classification, and (for the targets only) public or private status. The research concludes that acquirers and targets indeed attain different income, cost, and efficiency characteristics.
Pfizer, Inc., Nadezhda Smirnova
Pfizer, Inc., Nadezhda Smirnova
Honors College Theses
This paper addresses a few major problems that the pharmaceutical company Pfizer Inc. has recently been facing. The paper also provides promising solutions to these major problems, which without action can lead to the demise of the pharmaceutical giant. The implementation of the proposed solutions would allow Pfizer Inc. to improve its position and inevitably save it from possible demise.
Motivations For Us Foreign Direct Investment, Christina Buoninfante
Motivations For Us Foreign Direct Investment, Christina Buoninfante
Honors College Theses
The purpose of this thesis is to determine US firms’ motivations for foreign direct investment and to explore to what extent US firms continue to invest into China and India. I first correlate the agricultural, industrial, and service sectors in the United States with those of China and India. I find that there is a positive relationship between the correlation of US sectors and the host country’s sectors and foreign direct investment into each sector. This supports the theory of Vernon’s product life cycle hypothesis, which explains that firms expand into lesser developed countries when their product becomes more sensitive …