Business Commons^™

Sem Leadership Impact On Psychological Empowerment, Interorganizational Trust, And The Value Co-Creation Environment, Rick Blume

Doctor of Business Administration Dissertations

An unabating drive for continuous innovation in B2B manufacturing occurs due to global competitive pressures and shareholders demanding firm growth. Companies may emphasize partnerships and strategic alliances in this competitive environment to build value and create competitive advantage through innovation and worker ingenuity. This study investigates whether and how a combination of servant, empowering, and mindful leadership styles (SEM Leadership) influences the group culture by increasing the presence of psychological empowerment (PE), interorganizational trust (IOT), and cultivating a value co-creation context (VCC). The value co-creation process between supplier and customer is within management influence and represents a vital management lever …

An Analysis For Understanding The Impacts Of Healthcare Leader Emotional Intelligence On Employee Engagement: Differences Between Clinical And Non-Clinical Employees, Adam Wilkins

Doctor of Business Administration Dissertations

While leadership theory and its applications have been studied by academic researchers since the 1800s, the study of emotional intelligence (EI) did not become a focus until 1990. Since EI’s conceptualization, this form of intelligence has remained a key focus area in the study of what motivates employees to best keep them engaged in their work. However, some critical aspects of the relationship between EI and employee engagement have not yet been explored. This research provides insight into the importance of EI in healthcare leadership. The narrowed focus of this study provides a better understanding of what role, if any, …

Banks Vs Shadow Banks: Evidence From The 2015 Fha Mortgage Insurance Premium Cut, Pornteera Tungtrakul Jefferson

Doctor of Business Administration Dissertations

My paper uses the 2015 surprise mortgage insurance premium (MIP) cut in the FHA loan market to study banks’ and shadow banks’ role in the residential mortgage market and how shadow banks increase their market share or take away the mortgage demand from traditional banks. I use the triple-differences method to study the rise of shadow banks, a MIP cut experiment. My results found that shadow banks are much more active in the FHA market and that they expand access to credit to borrowers by taking away some demand from traditional banks. I also study the impact of the MIP …

Does Debt Matter? Empirical Analysis Of Sovereign Debt Default, Juan Pablo Espinosa

Doctor of Business Administration Dissertations

Sovereign debt default can have significant economic, social, and reputational costs. For this reason, policy makers across the globe are constantly trying to balance fiscal policy and economic growth. Many of them, however, are still unable to do so and fall into sovereign debt default. This research paper looks at 52 sample countries from 1980 to 2018 and examines whether sovereign debt default can be explained by the gap between GDP growth and interest rates and/or debt-to-GDP levels. Through a series of empirical analysis, I find that if GDP growth is higher than interest rates, risk of default is typically …

Machine Learning And Empirical Asset Pricing, Yingnan Yi

Doctor of Business Administration Dissertations

In this paper, I conduct a comprehensive study of using machine learning tools to forecast the U.S. stock returns. I use three sets of predictors: the past history summarized by 120 lagged returns, the technical indicators measured by 120 moving average trading signals, and the 79 firm fundamentals, which helps to understand the weak-form market efficiency, algorithm trading and fundamental analysis. I find each set independently has strong predictive power, and buying the top 20% stocks with the greatest predicted returns and shorting bottom 20% with the lowest earns economically significant profits, and the profitability is robust to a number …

The Cross Section Of Expected Returns: Evidence From Implied Beliefs Of Active Mutual Funds Managers, Jorge Sabat

Doctor of Business Administration Dissertations

I develop a new test to compare the performance of asset pricing models. Using the industry allocations of active US mutual funds, I employ a structural model to estimate the implied expected returns on industry portfolios. For each asset pricing model, I use the factor loadings and the implied expected returns to calculate the implied expected factor risk premium. I compare the models based on the implied Sharpe ratio of the market portfolio. My methodology identifies the asset pricing model that not only generates the highest Sharpe ratio for the market but also best tracks the ex-ante Sharpe ratio. I …

Intuition In Employee Selection: Examining The Conditions For Accurate Intuitive Hiring Decisions, Vinod Vincent

Doctor of Business Administration Dissertations

In complex organizational environments, managers often rely on intuition to make decisions. Research has found intuition to be helpful when the task is complex; the decision maker is a domain expert; and when the decision environment has a high level of uncertainty, complexity, time pressure, insufficient data, and more than one reasonable solution. However, in employee selection, which is a decision environment that typically has the aforementioned characteristics that are conducive for intuition, scholars discount the usefulness of intuition in favor of more objective, analytical selection methods such as specific aptitude (e.g. sales ability) tests. A reason for the lack …

Skewness Risk, Jump-Diffusion Modeling And Pricing In Carry Trade, Chitsun Chen

Doctor of Business Administration Dissertations

This paper investigates jump risk and return characteristics of currency carry trades by employing both empirical approach and analytical method. With country-level stochastic discount factor, a mathematical model is proposed to describe carry trade return dynamics that capture jump risk. Carry trade returns are modeled as jump-diffusion processes where types of jumps involve global and idiosyncratic jumps. We derive the first four moments of return process on exchange rates and use the method of moments to estimate parameters, which show the model matches excess carry trade returns in data quite well. Empirical findings show that carry trade returns exhibit an …

Can Relationship Banking Reduce Firms' Ipo Underpricing, Kai Lu

Doctor of Business Administration Dissertations

IPO underpricing harms pre-existing shareholders and reduces the capital firms can raise to fund their growth. This paper shows that relationship banking can reduce IPO underpricing by decreasing information uncertainty. I develop a theoretical model showing that good firms – those with a lower dispersion of market value – are harmed and bad firms benefit from IPO price uncertainty when there is no borrowing and, thus, no distinguishing information on firm quality. When investors receive signals about firm value only from publicly observable transaction lending, good firms benefit while bad firms suffer. However, when firms have access to loans through …

Essays On Financial Intermediation, Yong Kyu Gam

Doctor of Business Administration Dissertations

Chapter 1 investigates a regulatory spillover effect of the Basel III liquidity standard on the real economy through a series of difference-in-difference estimations. Since the Basel Committee’s official endorsement for the new liquidity regulation in December 2010, a bank exposed to high liquidity risk reduced its loan proportion significantly, making a negative real effect on its surrounding economy via a bank-lending-channel. The new regulation also induced a bank with a weak liquid balance sheet to raise its deposit rate aggressively, generating a liquidity problem in a nearby local bank through a deposit-competition-channel and ultimately curbing an expansion of the local …

A Traders Guide To The Predictive Universe- A Model For Predicting Oil Price Targets And Trading On Them, Jimmie Harold Lenz

Doctor of Business Administration Dissertations

At heart every trader loves volatility; this is where return on investment comes from, this is what drives the proverbial “positive alpha.” As a trader, understanding the probabilities related to the volatility of prices is key, however if you could also predict future prices with reliability the world would be your oyster. To this end, I have achieved three goals with this dissertation, to develop a model to predict future short term prices (direction and magnitude), to effectively test this by generating consistent profits utilizing a trading model developed for this purpose, and to write a paper that anyone with …

Capital Structure In The Family Firm: Exploring The Relationship Between Financial Sources And Family Dynamics, Diego G. Velez

Doctor of Business Administration Dissertations

How a company structures its capital greatly affects its strategic options and its strategic decisions according to contemporary thinking. However, while there is ample literature on how publicly held companies’ capital should be structured, less is known about private companies. Additionally, one or more members of a single family typically own the majority of private companies, and unlike public companies, family dynamics influence these firms’ non-financial and financial goals and strategic decisions. This overlap of family dynamics into the business arena complicates conventional approaches or at least makes conventional approaches more difficult to apply.

This dissertation focuses on privately held, …

Recognizing And Exploiting New Opportunities In Times Of Chaos And Unintended Impacts, Ryan Matthews

Doctor of Business Administration Dissertations

Select entrepreneurs are successful for a reason. They have been able to use their alertness and prior knowledge, among other skill sets, to identify and exploit new opportunities. However, when new opportunities are identified outside of their area of expertise, will they choose to pursue these opportunities, or stick to the behaviors that are most comfortable? While several studies have been conducted looking at the characteristics of the entrepreneur, or the experiences faced by the entrepreneur, there is a gap in the current literature when combining these two elements. The current literature lacks an understanding as to how the environment …

Setting The Stage For Individual Ambidexterity In Organizations: The Effects Of Context And Individual Regulatory Mode On Explorative And Exploitative Behavior, Fernando Garcia

Doctor of Business Administration Dissertations

In response to changing customer demands and increasing competition, companies must balance the need to exploit their current capabilities with the need to explore new capabilities to sustain long-term success. Balancing this duality is at the core of the ambidexterity concept. While ambidexterity research mostly has focused at the firm level of analysis, recent literature indicates the need to analyze the concept at the individual level to increase our understanding of where ambidexterity takes place and how it emerges from context. Understanding the dynamics of the ambidexterity phenomenon at its most basic level will provide organizations with knowledge on how …

The Relationships Between Entrepreneurs' Gender, Attitudes Toward Seeking Assistance From Entrepreneurship Centers, Utilization Of Centers, And Entrepreneurial Success, Scott C. Manley

Doctor of Business Administration Dissertations

Despite the proliferation of entrepreneurship centers, little is known about the reasons entrepreneurs appear reluctant to utilize their services. Although women are more likely than men to seek help in most settings, some research appears to suggest that this tendency may not apply to entrepreneurs. This is interesting given the financial underperformance of female-owned firms and research showing that entrepreneurship centers are effective and thereby lead to economic development. To better understand these issues, I propose and test a new conceptual framework of entrepreneurial help seeking that considers how entrepreneurs vary in their attitudes towards seeking professional help. In addition, …

Measuring Family Business Performance: A Holistic, Idiosyncratic Approach, Ralph I. Williams Jr

Doctor of Business Administration Dissertations

For any type of organization, performance represents the measure of outcomes, goals, and aspirations vital to various organization stakeholders; thus performance is an important research variable (Seijts, Latham, Tasa, & Latham, 2004, Simon, 1964). Family businesses are different from non-family businesses in that the family subsystem and the business subsystem overlap and interact to form the family business system. The desired outcomes, goals, and aspirations of each family business are a product of its particular family and business sub-systems. Thus, in family business, especially privately owned entities, performance is of particular interest since families can set their goals in their …

When Being More Different And Less Visible Leads To Commitment And Justice For All, Lisa Farmer

Doctor of Business Administration Dissertations

Little empirical research is available that counters the viewpoint that both demographically dissimilar individuals and telecommuters have low-levels of commitment, in addition to the role of procedural justice in this context. Using a multi-company sample of 201 respondents employed by U.S. firms each with more than 100 employees; the results indicate significant support for high-levels of demographic dissimilarity associated with low-levels of affective commitment towards one’s organization. Contrary to the hypotheses, high-intensity telecommuting was found to be more strongly related to affective commitment, especially when procedural justice was high. Non-significant results were found for telecommuting intensity as a moderator of …