An Examination Of The Financial Challenges Of Entrepreneurship Centers Throughout The World, Todd A. Finkle, Teresa Menzies, Donald F. Kuratko, Michael G. Goldsby
Dec 2012
An Examination Of The Financial Challenges Of Entrepreneurship Centers Throughout The World, Todd A. Finkle, Teresa Menzies, Donald F. Kuratko, Michael G. Goldsby
Todd A Finkle
This article fills a need in the entrepreneurship literature by investigating the finances of entrepreneurship centers throughout the world. Entrepreneurship center directors were surveyed (249 U.S. and 111 Global) about the various facets of their center’s finances. We received 174 responses for a 49% response rate (U.S. 49%, international 49%). We explore the financing of entrepreneurship centers and the relationship between U.S. and international centers. The results of this research project can be used as a benchmark for entrepreneurship center directors in understanding the financial challenges confronting their centers.
Wisdom From Warren Buffett, Todd A. Finkle
Dec 2011
Wisdom From Warren Buffett, Todd A. Finkle
Todd A Finkle
This article documents a trip that was made to visit Warren Buffett, chairman and CEO of Berkshire Hathaway world at his Global Headquarters in Omaha, Nebraska. A select number of universities are invited to visit Buffett every year. Gonzaga University was fortunate to be invited by Buffett based on an innovative assignment assigned by Dr. Todd A. Finkle in an entrepreneurship course. This article discusses the strategy that was used to get Buffett to invite Gonzaga to visit Buffett. The trip to Omaha entailed visiting two of Berkshire Hathaway’s subsidiaries Furniture Mart and Borsheim’s Jewelers; a 2.5 hour question and …
Financing Activities Of Entrepreneurship Centers In The United States, Todd A. Finkle, Teresa Menzies, Donald F. Kuratko, Michael G. Goldsby
Dec 2011
Financing Activities Of Entrepreneurship Centers In The United States, Todd A. Finkle, Teresa Menzies, Donald F. Kuratko, Michael G. Goldsby
Todd A Finkle
This article examines the financial activities within a sample of entrepreneurship centers in the United States. 249 entrepreneurship centers were surveyed about their center's endowments, budgets, salaries, fundraising, seminars/workshops and other financial activities. We received 122 responses for a 49% response rate. The findings of this research can be used as a benchmark for both U.S. schools and center directors in deter,mining benchmarks for their respective centers.
Richard Branson And Virgin, Inc., Todd A. Finkle
Dec 2010
Richard Branson And Virgin, Inc., Todd A. Finkle
Todd A Finkle
Richard Branson built a billion dollar company based on numerous entrepreneurial endeavors, however he was facing one of the most difficult times in his career. The global economic crisis had a significant negative impact on his companies’ revenues and earnings. Virgin, Inc. was down 40%. The world was stuck in the worst economic crisis since the 1930’s. The Dow Jones Industrial Average (DJIA) had collapsed 55% from 2007 to 2009 and the banking system was on the verge of collapse. Yet, Branson was optimistic because he was thinking about what opportunities lay ahead. He had five billion dollars in cash …
Lessons Learned From The “Oracle Of Omaha” Warren Buffett, Todd A. Finkle
Dec 2009
Lessons Learned From The “Oracle Of Omaha” Warren Buffett, Todd A. Finkle
Todd A Finkle
This article documents a trip that was made by students from the University of Akron’s College of Business to visit Warren Buffett, chairman and CEO of Berkshire Hathaway and the second richest man in the world at his Global Headquarters in Omaha, Nebraska. Every year, Buffett invites a select number of schools to Omaha to visit with him and tour a few of his companies. This article discusses the strategy that the University of Akron used to get invited to visit Buffett, the activities throughout the day with Buffett, and the lessons learned from the “Oracle of Omaha”. The trip …
Insider Trading Around New Drug Approvals, Todd A. Finkle, Laurence Blose, Reinhold Lamb
Dec 2004
Insider Trading Around New Drug Approvals, Todd A. Finkle, Laurence Blose, Reinhold Lamb
Todd A Finkle
This paper examines the stock market reaction to 167 FDA announcements of new drug approvals during the period 1980 - 1999. Using an event study methodology, the study finds that there are significant positive abnormal returns on the day of the announcement of new drug approvals. However, there is no evidence of significant positive returns prior to the announcement. Accordingly, the paper concludes that any buying pressure arising from insiders anticipating the approval announcement does not affect the value of the stock. Significant returns do not occur until after the announcement, which is consistent with the behavior of an efficient …
A Comparative Analysis Of The Performance Of Emerging Versus Nonemerging Industry Initial Public Offerings, Todd A. Finkle, Reinhold Lamb
Dec 2001
A Comparative Analysis Of The Performance Of Emerging Versus Nonemerging Industry Initial Public Offerings, Todd A. Finkle, Reinhold Lamb
Todd A Finkle
This study fills a gap in previous research by investigating differences between the short and long run aftermarket performance in a sample of emerging versus non-emerging industries. Utilizing the entire population of biotechnology, semiconductor, and Internet IPOs from 1993-1996 as a representative sample of emerging industries, this study found that emerging firms were significantly underpriced compared to a set of non-emerging IPOs.
The Performance Of Initial Public Offerings In The Biotechnology Industry, Todd A. Finkle, Dan French
Dec 1997
The Performance Of Initial Public Offerings In The Biotechnology Industry, Todd A. Finkle, Dan French
Todd A Finkle
This study examines the underpricing and aftermarket performance of the emerging industry of biotechnology. Findings indicate that the average first day return for the biotech firms was 1.8 and 1.6 percent. Furthermore, the biotech firms significantly underperformed the NASDAQ (-30.7%) and NYSE (-16.5%) over a two-year period after going public.
An Examination Of Initial Public Offerings In The “High Flying” Internet Industry, Todd A. Finkle, Dan French
Dec 1997
An Examination Of Initial Public Offerings In The “High Flying” Internet Industry, Todd A. Finkle, Dan French
Todd A Finkle
This study examines the underpricing and aftermarket performance of the emerging industry of biotechnology. Findings indicate that the average first day return for the biotech firms was 1.8 and 1.6 percent. Furthermore, the biotech firms significantly underperformed the NASDAQ (-30.7%) and NYSE (-16.5%) over a two-year period after going public.
The Relationship Between Boards Of Directors And Initial Public Offerings In The Biotechnology Industry, Todd A. Finkle
Dec 1997
The Relationship Between Boards Of Directors And Initial Public Offerings In The Biotechnology Industry, Todd A. Finkle
Todd A Finkle
Utilizing the entire population of public biotechnology firms from 1980-1994, three models were tested to determine if a relationship exists between the size and composition of the board of directors with performance. Results indicate significant positive relationships between director expertise and the size of a firm’s initial public offering. Going public during hot markets and larger firms were also related to larger initial public offerings. These findings will benefit practitioners in the formation of boards within the biotechnology industry. Managers of firms within the biotechnology industry who are contemplating a public offering will be able to proactively address the composition …
Activity Of Small Businesses In Nebraska, Todd A. Finkle, Raymond Marquardt, Allen Klose
Dec 1992
Activity Of Small Businesses In Nebraska, Todd A. Finkle, Raymond Marquardt, Allen Klose
Todd A Finkle
A comparative study was used to analyze the financing of small businesses, less than 3 years old versus firms 3 years and older in Nebraska. Findings indicate that younger firms will give up partial ownership of their company in exchange for equity financing and managerial assistance significantly more than older firms. New firms were also found to be more willing to give up 100% ownership and a local market in exchange for majority ownership and a national market. Moreover, no differences in startup financing were found between younger versus older firms.
