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Pepperdine University

2015

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2015 Q4 Market Pulse Report, Craig R. Everett Dec 2015

2015 Q4 Market Pulse Report, Craig R. Everett

Pepperdine Market Pulse Report

The quarterly IBBA and M&A Source Market Pulse Survey was created to gain an accurate understanding of the market conditions for businesses being sold in Main Street (values $0-$2MM) and the lower middle market (values $2MM -$50MM). The national survey was conducted with the intent of providing a valuable resource to business owners and their advisors. The IBBA and M&A Source present the Market Pulse Survey with the support of the Pepperdine Private Capital Markets Project and the Graziado School of Business and Management at Pepperdine University.

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Root Hydraulic Conductance In Laurel Sumac Experiencing Severe Dieback In The Santa Monica Mountains, Natalie M. Aguirre, Avery N. Davis, Sarah B. Nelson Dec 2015

Root Hydraulic Conductance In Laurel Sumac Experiencing Severe Dieback In The Santa Monica Mountains, Natalie M. Aguirre, Avery N. Davis, Sarah B. Nelson

Featured Research

Malosma laurina (laurel sumac) is a dominant species in coastal chaparral ecosystems, extending its roots down to an average of 40 feet in rocky, sandy soils. The deep root systems of M. laurina provide structural support for the steep Santa Monica Mountains. The roots also allow M. laurina to draw from the deep water table, increasing its drought tolerance. M. laurina dieback is prevalent in coastal exposures of the Santa Monica Mountains presumably due to historic drought predisposing plant tissues to infection by the fungal pathogen Botryosphaeria dothidea. In ecosystems that experience annual dry periods, a high hydraulic conductance …

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Extensive Dieback In Malosma Laurina In Coastal Exposures Of The Santa Monica Mountains Associated With Unprecedented Drought In California, Gina S. Gilderman, Kaitlyn E. Sauer, Gabriella N. Palmeri Dec 2015

Extensive Dieback In Malosma Laurina In Coastal Exposures Of The Santa Monica Mountains Associated With Unprecedented Drought In California, Gina S. Gilderman, Kaitlyn E. Sauer, Gabriella N. Palmeri

Featured Research

Throughout coastal exposures of the Santa Monica Mountains (SMM) there is a recent emergence of widespread dieback in Laurel Sumac (Malosma laurina). M. laurina is a keystone species of chaparral that dominates the SMM. A significant trait of M. laurina is an extensive root system exceeding 12 m in depth. We hypothesized that M. laurina was weakened by unprecedented drought in California (2013-2015) and predisposed to fungal pathogens. An initial study conducted in the summer of 2015 revealed all stem samples taken from dieback adult M. laurina plants were infected with Botryosphaeria dothidea, while zero stem samples taken …

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Recent Dieback In A Keystone Chaparral Species Is Caused By A Fungal Pathogen, Botryosphaeria Dothidea, Frida Morales, Mariah Taylor Dec 2015

Recent Dieback In A Keystone Chaparral Species Is Caused By A Fungal Pathogen, Botryosphaeria Dothidea, Frida Morales, Mariah Taylor

Featured Research

Due to the recent drought in Southern California, the abundance of a keystone species within the Santa Monica Mountains (SMM) has been dwindling. This species, Malosma laurina, has an average root depth of 40 feet, so it has little difficulty tapping into the watershed. Recently, this species has undergone extensive dieback, which is potentially attributed to the unprecedented drought and the introduction of the fungus B. dothidea. While this fungi appears to be innocuous to M. laurina when the plant is healthy, it is more susceptible to invasion under water stress due to the dry heated conditions of …

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Premature Seed Germination And High Seedling Mortality In A Chaparral Shrub (Adenostoma Fasciculatum) Caused By Severe Drought In Calfiornia, Lexe Evans, Teal Speece, Stephen D. Davis Nov 2015

Premature Seed Germination And High Seedling Mortality In A Chaparral Shrub (Adenostoma Fasciculatum) Caused By Severe Drought In Calfiornia, Lexe Evans, Teal Speece, Stephen D. Davis

Biology

The Santa Monica Mountains (SMM) represents one of five Mediterranean-type environments in the world. With sustained summer droughts, this ecosystem is prone to frequent wildfires, a phenomenon that has affected the SMM with regularity once every 32 years. Adenostoma fasciculatum (chamise), is a chaparral shrub well adapted to wildfire cycles because typically its seeds are triggered to germinate by high fire temperatures, smoke, and charate. In the winter of 2015, we were surprised to discover seedlings of A. fasiculatum emerging at an unburned chaparral site without the occurrence of fire. We hypothesized that drought induced canopy dieback at some microsites, …

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Recent Dieback In A Keystone Chaparral Species Is Caused By A Fungal Pathogen, Botryosphaeria Dothidea, Adriana Borges, Frida Morales, Emily Pierce, Mariah Taylor Nov 2015

Recent Dieback In A Keystone Chaparral Species Is Caused By A Fungal Pathogen, Botryosphaeria Dothidea, Adriana Borges, Frida Morales, Emily Pierce, Mariah Taylor

Biology

Due to the recent drought in Southern California, the abundance of a keystone species, Malosma laurina, within the Santa Monica Mountains (SMM) has been dwindling. This species has a rooting depth that exceeds 13 m, so it typically has little difficulty tapping into the water table. Recently, this species has undergone extensive dieback, which might be attributed to the unprecedented drought in California and predisposition fungal pathogen Botryosphaeria. dothidea. While this fungi appears to be innocuous to M. laurina when the plant is healthy, it is more susceptible to invasion under water stress due to the dry and …

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Extensive Dieback In Malosma Laurina In Coastal Exposures Of The Santa Monica Mountains Associated With Unprecedented Drought In California, Gina S. Gilderman, Kaitlyn E. Sauer, Gabriella Palmeri Nov 2015

Extensive Dieback In Malosma Laurina In Coastal Exposures Of The Santa Monica Mountains Associated With Unprecedented Drought In California, Gina S. Gilderman, Kaitlyn E. Sauer, Gabriella Palmeri

Biology

Throughout coastal exposures of the Santa Monica Mountains (SMM) there is a recent emergence of widespread dieback in Laurel Sumac (Malosma laurina). M. laurina is a keystone species of chaparral that dominates the SMM. A significant trait of M. laurina is an extensive root system exceeding 12 m in depth. We hypothesized that M. laurina was weakened by unprecedented drought in California (2013-2015) and predisposed to fungal pathogens. An initial study conducted in the summer of 2015 revealed all stem samples taken from dieback adult M. laurina plants were infected with Botryosphaeria dothidea, while zero stem samples taken …

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Pepperdine University School Of Law; Legal Summaries, Nicole Banister Nov 2015

Pepperdine University School Of Law; Legal Summaries, Nicole Banister

Journal of the National Association of Administrative Law Judiciary

No abstract provided.

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Too Much Collateral Damage; Fatca: The Well-Intentioned, Yet Misguided And Unconstitutional, Tax Law, Zac Delap Nov 2015

Too Much Collateral Damage; Fatca: The Well-Intentioned, Yet Misguided And Unconstitutional, Tax Law, Zac Delap

Journal of the National Association of Administrative Law Judiciary

This paper will examine FATCA in five parts: beginning with an introduction in Part I, Part II will provide the pertinent background that gave rise to the law, Part III will present the essential elements of FATCA, Part IV will offer pertinent liberty and constitutional arguments against FATCA, and Part V will analyze each argument's possibility of succeeding.

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Self-Sufficiency: The Approach Welfare Reform Should Take In Order To Remedy The Shortcomings Of Past Efforts, Ashley Carroll Nov 2015

Self-Sufficiency: The Approach Welfare Reform Should Take In Order To Remedy The Shortcomings Of Past Efforts, Ashley Carroll

Journal of the National Association of Administrative Law Judiciary

This comment will explain the evolution of welfare reform, present some proposals that others have suggested in order to remedy the problems the current system has, and suggest a way to best serve those of a lower socio-economic status. Part II explains the background on welfare reform and why the reform that occurred during the Clinton administration was so revolutionary. It will explain how the progress in the Clinton administration impacted the effectiveness of welfare reform. Part III details how the current welfare programs in place impact the United States, and how the changes by the Obama administration contrast with …

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Foreign Corrupt Practices Act: Pleading Parent­Subsidiary Liability, Alexander Avery Nov 2015

Foreign Corrupt Practices Act: Pleading Parent­Subsidiary Liability, Alexander Avery

Journal of the National Association of Administrative Law Judiciary

No abstract provided.

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A Look Back: Developing Indiana Law; Post-Bench Reflections Of An Indiana Supreme Court Justice; Selected Developments In Indiana Administrative Law (1989-2012), Frank Sullivan Jr. Nov 2015

A Look Back: Developing Indiana Law; Post-Bench Reflections Of An Indiana Supreme Court Justice; Selected Developments In Indiana Administrative Law (1989-2012), Frank Sullivan Jr.

Journal of the National Association of Administrative Law Judiciary

No abstract provided.

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Striving For Efficiency In Administrative Litigation: North Carolina's Office Of Administrative Hearings, Julian Mann Iii Nov 2015

Striving For Efficiency In Administrative Litigation: North Carolina's Office Of Administrative Hearings, Julian Mann Iii

Journal of the National Association of Administrative Law Judiciary

No abstract provided.

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Transparency In Administrative Courts: From The Outside Looking In, Elizabeth Figueroa Nov 2015

Transparency In Administrative Courts: From The Outside Looking In, Elizabeth Figueroa

Journal of the National Association of Administrative Law Judiciary

No abstract provided.

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2015 Q3 Market Pulse Report, Craig R. Everett Nov 2015

2015 Q3 Market Pulse Report, Craig R. Everett

Pepperdine Market Pulse Report

The quarterly IBBA and M&A Source Market Pulse Survey was created to gain an accurate understanding of the market conditions for businesses being sold in Main Street (values $0-$2MM) and the lower middle market (values $2MM -$50MM). The national survey was conducted with the intent of providing a valuable resource to business owners and their advisors. The IBBA and M&A Source present the Market Pulse Survey with the support of the Pepperdine Private Capital Markets Project and the Graziado School of Business and Management at Pepperdine University.

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2015 Q4 Private Capital Access Index Report, Craig R. Everett Nov 2015

2015 Q4 Private Capital Access Index Report, Craig R. Everett

Pepperdine Private Capital Access Report

The Pepperdine Private Capital Access Index (PCA) is a quarterly indicator produced by the Graziadio School of Business and Management at Pepperdine University, and with the support of Dun & Bradstreet. The index is designed to measure the demand for, activity, and health of the private capital markets. The purpose of the PCA Index is to gauge the demand of small and mediumsized businesses for financing needs, the level of accessibility of private capital, and the transparency and efficiency of private financing markets.

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Multimarket Contact And Strategic Entry Decisions, James E. Prieger Sep 2015

Multimarket Contact And Strategic Entry Decisions, James E. Prieger

All Faculty Open Access Publications

This work examines the relationship between multimarket contact (MMC) and entry in the US broadband service industry. I examine unique data on entry into ADSL broadband over the years 2005-2008 in the US. Results indicate that MMC increases the probability of entry into local broadband markets by incumbent local telephone companies, which is consistent with the firms’ expectations that competition will be softer in such markets. Thus, the evidence is consistent with the notion that MMC facilitates mutual forbearance. A deeper investigation uncovers evidence consistent with firms using MMC to help build “spheres of influence” to limit competition. Evidence for …

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How Entrepreneurs Can Crowdfund Renewable Energy Projects, Adrian Chiang Sep 2015

How Entrepreneurs Can Crowdfund Renewable Energy Projects, Adrian Chiang

The Journal of Business, Entrepreneurship & the Law

This Article explains how the entrepreneurial efforts and the upcoming changes in crowdfunding law will allow for more successful renewable energy projects in the United States. Part II examines the renewable energy market, its relevance, and the United States' transition from traditional non-renewable energy production to renewable energy production. Part III covers the general methods of energy financing from both public and private sources and how they have been utilized in typical energy financing structures. Part IV explains how an entrepreneur, utilizing the new rules on crowdfunding, can address the existing deficiencies in financing renewable energy projects. Part V explores …

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Walk A Mile In The Shoes Of A Copyright Troll: Analyzing And Overcoming The Joinder Issue In Bittorrent Lawsuits, Kristina Unanyan Sep 2015

Walk A Mile In The Shoes Of A Copyright Troll: Analyzing And Overcoming The Joinder Issue In Bittorrent Lawsuits, Kristina Unanyan

The Journal of Business, Entrepreneurship & the Law

This Comment analyzes the issues surrounding joinder of copyright infringers who use BitTorrent, explores how joinder can be used and limited to create a more viable solution for copyright holders and consumers, as well as, supplements the sparse regulations that encompass joinder to create a rule that accommodates this technological era. Part II explains Copyright Law and the procedural aspects of a copyright infringement suit and joinder of defendants. Part III delves into the history of peer-to-peer (P2P) file-sharing lawsuits and provides an illustration of where case law rests today regarding P2P networks. Part IV describes the BitTorrent network and …

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Note: A Series Of (Inseparable) Tubes? “New Media” Streaming And The Impact Of In Re. Pandora Media, Related Decisions, And Performance Licensing In The Internet Era, Ross Coker Sep 2015

Note: A Series Of (Inseparable) Tubes? “New Media” Streaming And The Impact Of In Re. Pandora Media, Related Decisions, And Performance Licensing In The Internet Era, Ross Coker

The Journal of Business, Entrepreneurship & the Law

No abstract provided.

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Symposium: Regulatory Capture And Technological Entrepreneurship: Protecting Consumer Interests?, Robert Anderson, John G. Shearer, Christopher Koopman, Makan Delrahim, Erik Syverson, Babbette Boliek Sep 2015

Symposium: Regulatory Capture And Technological Entrepreneurship: Protecting Consumer Interests?, Robert Anderson, John G. Shearer, Christopher Koopman, Makan Delrahim, Erik Syverson, Babbette Boliek

The Journal of Business, Entrepreneurship & the Law

No abstract provided.

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The Sharing Economy And Consumer Protection Regulation: The Case For Policy Change, Christopher Koopman, Matthew Mitchell, Adam Thierer Sep 2015

The Sharing Economy And Consumer Protection Regulation: The Case For Policy Change, Christopher Koopman, Matthew Mitchell, Adam Thierer

The Journal of Business, Entrepreneurship & the Law

In this Paper, we discuss the central benefit of the sharing economy thus far: it has overcome market imperfections without recourse to regulatory bodies prone to capture by entrenched firms. As an introduction to the various issues surrounding this ongoing debate, we begin with an explanation of the sharing economy. Then we review the traditional “consumer protection” rationales for economic regulation and explain why many regulations persist even though their initial justifications are no longer valid. We argue continued application of these outmoded regulatory regimes is likely to harm consumers. In the last section, we explain how the Internet and …

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The Family Llc: A New Approach To Insuring Dynastic Wealth, Evan Michael Purcell Sep 2015

The Family Llc: A New Approach To Insuring Dynastic Wealth, Evan Michael Purcell

The Journal of Business, Entrepreneurship & the Law

This Article introduces the taxpayer to the basic background principles needed to understand the inner workings of the investment, then provides a guide to drafting considerations for the family's attorney, and concludes with a general plan to maintain business legitimacy and take advantage of tax-favored status, while retaining the flexibility essential to combating the unexpected. Part II addresses the historically favored tax treatment of life insurance products, as well as relatively recent restrictive reforms. Part III addresses the background foundation of the LLC entity and surveys its skeletal structure. Part IV introduces a practical example of how to create an …

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Drafting And Securitizing Participation Mortgages: A Re-Introduction, Spencer J. Coopchik, Yildiray Yildirim Sep 2015

Drafting And Securitizing Participation Mortgages: A Re-Introduction, Spencer J. Coopchik, Yildiray Yildirim

The Journal of Business, Entrepreneurship & the Law

This Paper will reintroduce, explore, and expand on the financing arrangement known as a Participation Mortgage. First, this Paper will cover the features, history, and policy purposes behind the mortgage. Second, the Paper will focus on legal mechanics and drafting considerations of Participation Mortgages, so they may later be securitized. Finally, the Paper will explore the possibility and legality of creating Participation Mortgaged Backed Securities to be sold in the secondary market.

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“Because That's Where The Money Is”: A Theory Of Corporate Legal Compliance, William C. Bradford Sep 2015

“Because That's Where The Money Is”: A Theory Of Corporate Legal Compliance, William C. Bradford

The Journal of Business, Entrepreneurship & the Law

The study and regulation of firms per se as agents of compliance may be misguided. Firms are abstractions that exist only in the legal, and not the natural, sense, and, as such, utterly lack decisional capacity. Firms do not decide whether to comply with law; people, specifically officers who exercise decisional authority on their behalf, do. Any theory that would explain or predict firm compliance must account for the individual level of analysis. However, most corporate legal compliance research minimizes the salience of personality. Accordingly, Part II traces associations between personalities of CEOs and firm compliance with obligations arising under …

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The Genesis Of The Graziadio School Of Business And Management: A Little Department At A Small Liberal Arts College Transforms Into A Nimble, Notable School At A Dynamic, Expanding University, Edward Rockey Sep 2015

The Genesis Of The Graziadio School Of Business And Management: A Little Department At A Small Liberal Arts College Transforms Into A Nimble, Notable School At A Dynamic, Expanding University, Edward Rockey

GSBM Faculty Scholarship

At Pepperdine College, during the mid-1960’s, a small Department of Business Administration and Economics, with only three full-time faculty members and two “Auxiliary” faculty, began to grow into what is now known as the Graziadio School of Business and Management at Pepperdine University. This document about the beginnings of what became GSBM does not attempt to be an exhaustive history. Covering the period of the mid-1960’s and then the 1968- 78 deanship of Donald R. Sime, it focuses primarily on such aspects as: The school’s energetic, entrepreneurial dynamics; its remarkable growth in a short period of time; and its distinctive …

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2015 Q2 Market Pulse Report, Craig R. Everett Sep 2015

2015 Q2 Market Pulse Report, Craig R. Everett

Pepperdine Market Pulse Report

The quarterly IBBA and M&A Source Market Pulse Survey was created to gain an accurate understanding of the market conditions for businesses being sold in Main Street (values $0-$2MM) and the lower middle market (values $2MM -$50MM). The national survey was conducted with the intent of providing a valuable resource to business owners and their advisors. The IBBA and M&A Source present the Market Pulse Survey with the support of the Pepperdine Private Capital Markets Project and the Graziado School of Business and Management at Pepperdine University.

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Hispanic Immigrant Workers In Paradise: Malibu Day Laborers In A Time Of Insecurity, Luisa Blanco, Daniel Morrison, George Carlsen, Lila Carlsen, Ashley Chaparro, Erick Molina Aug 2015

Hispanic Immigrant Workers In Paradise: Malibu Day Laborers In A Time Of Insecurity, Luisa Blanco, Daniel Morrison, George Carlsen, Lila Carlsen, Ashley Chaparro, Erick Molina

School of Public Policy Working Papers

Taking a multidisciplinary approach, we conducted a study consisting of written surveys, focus groups, and individual interviews with men and women who were seeking employment through the MCLE at the time of the study and who were predominantly Hispanic immigrants. The results of this study offer insight into the ways in which this population benefits from the services of the MCLE, their labor conditions, financial and saving behavior, and overall wellbeing. Our findings clarify how this population in Malibu negotiates short-term labor relationships in the context of continuing economic instability, where we provide a better understanding of the intersecting inequalities …

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What’S Your Source?: The Dilemma Of Scanning Negatives Vs. Prints To Represent Images In Photography Collections, Kevin C. Miller Aug 2015

What’S Your Source?: The Dilemma Of Scanning Negatives Vs. Prints To Represent Images In Photography Collections, Kevin C. Miller

Pepperdine University Libraries

Recently, Pepperdine University Libraries initiated the digitization and curatorial arrangement of a large collection of negatives and prints donated by the widow of Hanson A. Williams, Jr., one of our alumni. Williams had been a photographer by trade and, after his death, his wife donated 13.86 linear feet of photographic images depicting his life at college and immediately afterwards in the Korean War. After processing the collection, we realized that we had a copious number of Williams’ original negatives in addition to multiple iterations (in some cases) of prints that he had made from these negatives. As we discussed a …

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Novel Seed Germination In Response To California’S Historic Drought May Deplete Soil Seed Banks, Amanda M. Burns, Victoria M. Lekson, Helen I. Holmlund, Stephen D. Davis Aug 2015

Novel Seed Germination In Response To California’S Historic Drought May Deplete Soil Seed Banks, Amanda M. Burns, Victoria M. Lekson, Helen I. Holmlund, Stephen D. Davis

Biology

We observed novel seed germination, without a fire cue, in an obligate seeding species of chaparral (Ceanothus megacarpus) during historic drought in California (2014). We hypothesized that premature germination was promoted by drought-induced canopy dieback among adults that allowed high radiation loads to reach normally shaded soils, cracking seed coats, facilitating water uptake. We hypothesized that because premature seed germination was late in the season (April, when December is typical) roots would not have time to penetrate deep moisture resources before the onset of summer drought, leading to excessive mortality and eventual depletion of soil seed banks. We …

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