Business Commons^™

Strategies That Small And Medium-Size Business Owners Use To Repay Bank Loan Obligations In Lagos, Nigeria, Taiwo Bamikole Ala

Walden Dissertations and Doctoral Studies

The failure of businesses to repay loans adversely affects credit markets. Small and medium-sized (SME) business owners in Lagos, Nigeria, are concerned because financial institutions are unwilling to provide credit because of the low loan repayment performance of those who have received credit in the past. Grounded in the theory of planned behavior, the purpose of this qualitative multiple-case study was to explore strategies some SME owners use to successfully repay bank loan obligations to sustain their businesses. The participants were three SME owners in Lagos, Nigeria, who successfully repaid their bank loans. Data were collected using semistructured interviews and …

Generational Shifts In The Perception Of Workforce Commitment, Christopher Donald Raiford

Walden Dissertations and Doctoral Studies

Costs of staffing, training, and retention have always been significant expenses for U.S. corporations. The most recent addition to the workforce, the millennial generation cohort, presents a new set of challenges to leadership. The purpose of this qualitative phenomenological study was to explore the lived experiences related to the perception of commitment of millennial generation participants employed in the U.S. community banking sector. The conceptual framework included generational theory and organizational theory. Data were collected from 11 participants via semi-structed Zoom interviews. Data were analyzed for codes, categories, and themes. Results indicated that (a) millennials value leadership that invests in …

Strategies That Small And Medium-Size Business Owners Use To Repay Bank Loan Obligations In Lagos, Nigeria, Taiwo Bamikole Ala

Walden Dissertations and Doctoral Studies

The failure of businesses to repay loans adversely affects credit markets. Small and medium-sized (SME) business owners in Lagos, Nigeria, are concerned because financial institutions are unwilling to provide credit because of the low loan repayment performance of those who have received credit in the past. Grounded in the theory of planned behavior, the purpose of this qualitative multiple-case study was to explore strategies some SME owners use to successfully repay bank loan obligations to sustain their businesses. The participants were three SME owners in Lagos, Nigeria, who successfully repaid their bank loans. Data were collected using semistructured interviews and …

Generational Shifts In The Perception Of Workforce Commitment, Christopher Donald Raiford

Walden Dissertations and Doctoral Studies

Costs of staffing, training, and retention have always been significant expenses for U.S. corporations. The most recent addition to the workforce, the millennial generation cohort, presents a new set of challenges to leadership. The purpose of this qualitative phenomenological study was to explore the lived experiences related to the perception of commitment of millennial generation participants employed in the U.S. community banking sector. The conceptual framework included generational theory and organizational theory. Data were collected from 11 participants via semi-structed Zoom interviews. Data were analyzed for codes, categories, and themes. Results indicated that (a) millennials value leadership that invests in …

Strategies That Small And Medium-Size Business Owners Use To Repay Bank Loan Obligations In Lagos, Nigeria, Taiwo Bamikole Ala

Walden Dissertations and Doctoral Studies

The failure of businesses to repay loans adversely affects credit markets. Small and medium-sized (SME) business owners in Lagos, Nigeria, are concerned because financial institutions are unwilling to provide credit because of the low loan repayment performance of those who have received credit in the past. Grounded in the theory of planned behavior, the purpose of this qualitative multiple-case study was to explore strategies some SME owners use to successfully repay bank loan obligations to sustain their businesses. The participants were three SME owners in Lagos, Nigeria, who successfully repaid their bank loans. Data were collected using semistructured interviews and …

Small Business Internal Control System Strategies To Protect Business Assets And Profitability, Edward Gabriel Earl Kuupualeialoha Keaunui

Walden Dissertations and Doctoral Studies

The absence of financial expertise and internal control systems contributes to losing business assets and profitability. Small business leaders who lack internal control systems and strategies to protect against the financial loss of business assets and profitability may be vulnerable and suffer losses. Grounded in the Committee of the Sponsoring Organization of the Treadway Commission (COSO) internal control-integrated framework, this qualitative multiple-case study explores internal control system strategies that small business leaders use to protect business assets and profitability. The participants were five small business leaders from the Western region of the United States who have successfully operated for over …

Mortgage Broker Strategies To Overcome The Volatility Of Inconsistent Sales, Marissa Blackwell

Walden Dissertations and Doctoral Studies

Many mortgage brokers leave the mortgage industry because of unforeseen changes andvolatility. Mortgage brokers are concerned with adequate strategies to mitigate industry volatility and inconsistent sales, which is important to successful sustainability during challenging times. Grounded in relationship marketing theory, the purpose of this qualitative single case study was to explore the strategies seven mortgage brokers from a single organization used to sustain sales during volatile times. Data were collected using semistructured interviews by telecommunication, a reflective journal, LinkedIn, Facebook, and broker websites. Through thematic analysis, three themes emerged: maintaining a presence with new and existing clients, understanding client needs, …

Obstacles And Enablers For Employing Internal Control Practices Faced By Nonprofit Leaders, Tammy L. Holloway

Walden Dissertations and Doctoral Studies

Fraud has had disturbing effects which can hurt many nonprofits. Having weak practices can increase risk and invite perpetrators. Small nonprofit organizations are especially at risk. The research problem is that many small nonprofits do not employ strong practices within their organization, which leaves them open to fraud. The purpose of this qualitative case study was to explore the obstacles and enablers that leaders of small nonprofit organizations in the eastern United States face when employing proper internal control practices to protect the organization from fraud. Agency theory framed this study when examining agency problems that leaders face when employing …

The Impact Of Using A Financial Advisor On Financial Success, William Lance Hocutt

Walden Dissertations and Doctoral Studies

Planning for retirement is a practical approach to preparing for an excellent financial quality of life post career. However, individuals do not have the human capital to make optimal financial decisions or know whom to turn to for financial advice when they obtain human capital. This quantitative, correlational study examined the relationship between having a financial advisor, income, education, age, gender, marital status, racial status, employment status, the number of children under 19 years old in the household, and perceived financial success. The chosen theoretical foundation for this study was human capital theory. They used 944 data sets from the …

Implementing Corporate Social Responsibility Strategies To Enhance The Profitability Of Firms, Franklin Alexander De La Rosa

Walden Dissertations and Doctoral Studies

Ineffective corporate social responsibility (CSR) strategies can negatively impact a company’s competitive advantage. A lack of competitive advantage may lead a business leader to experience poor performance and lost profits. Grounded in the stakeholder theory, the purpose of this qualitative multiple case study was to explore strategies some commercial banking, loan, and savings association leaders used to ensure successful CSR programs to enhance profitability. Participants comprised four leaders in Puerto Rico who successfully established CSR strategies to improve organizational profitability. Data were collected from semistructured interviews and banking websites. Thematic analysis was used to analyze the data. Three themes emerged: …

Essays In Household Finance, Morteza Momeni

Theses and Dissertations--Finance and Quantitative Methods

In my first chapter, I use new granular loan-level data and a novel instrumental variable to estimate the effect of competition among auto dealerships on the joint pricing of cars and car loans. I find that increased competition causes auto dealers to decrease vehicle prices to attract consumers. They, however, offset a large portion of their loss on vehicle prices through charging higher prices on a less transparent margin (i.e., loan markups). Consistent with the monthly payment targeting channel, I find that increased competition does not change consumers' monthly payments. My findings suggest that sophisticated sellers such as auto dealers …

The Effect Of Changes In Us Money Supply On S&P 500 Returns During The Global Financial Crisis And Covid-19 Recession, Connor Cryan

CMC Senior Theses

The goal of this paper is to perform a comparative analysis between the United States Federal Reserve’s response to the 2008 Global Financial Crisis and the COVID-19 recession, and determine how each response affected the United States stock market. I have found that during the 2008 Global Financial Crisis, money supply increases did not have a substantial impact on the US stock market, while factors such as market volatility and unemployment rate had highly significant negative effects on stock returns. During the COVID-19 recession, money supply changes did have an impact on stock returns, and had a positive relationship with …

The Relationships Among Financial Literacy, Financial Behaviors, Financial Attitudes, And Homeownership Within Low-Moderate Income Households In Los Angeles County, Aliyu Ahmed

Theses and Dissertations

This dissertation explores how financial literacy, financial capability, financial self-efficacy, and future time perspective affect the likelihood of low-moderate income (LMI) households in Los Angeles County owning a home and holding a mortgage. It draws on existing literature on financial literacy, financial capability, financial self-efficacy, future time perspective, and homeownership to develop a theoretical framework that identifies the factors that influence LMI households’ access to homeownership. Using secondary data merged from six surveys conducted by the University of Southern California (USC) Understanding America Study (UAS) from 2015 to 2022, it analyzes the relationships among financial literacy, financial behaviors, financial attitudes, …

Optimal Design And Operation Of Integrated Hydrogen Generation And Utilization Plants, Ijiwole Solomon Ijiyinka

Graduate Theses, Dissertations, and Problem Reports

There are considerable efforts worldwide for reducing the use of fossil fuel for energy production. While renewable energy sources are being increasingly used, fossil fuel still contribute about 80% of the energy used worldwide. As a result, the level of CO₂ is still increasing fast in the atmosphere currently exceeding about 410 parts per million (ppm). For reducing CO₂ build up in the atmosphere, various approaches are being investigated. For the electric power generation sector, two key approaches are post-combustion CO₂ capture and use of hydrogen as a fuel for power generation. These two solutions can also …

Comparing The Performance Of Initial Coin Offerings To Crowdfunded Equity Ventures, Elijah Joseph Turan

Walden Dissertations and Doctoral Studies

Uncertainty in markets increases the likelihood of market failure due to volatility and suboptimal functioning. While initial coin offerings (ICOs) and crowdfunded equity (CFE) offerings may improve functioning in growing markets, there is a lack of knowledge and understanding pertaining to the relative efficiency and behavior of ICO markets compared to CFE markets, potentially perpetuating and thwarting the various communities they are intended to serve. The purpose of this correlational study was to compare a group of ICOs with a group of CFE offerings to identify predictive factors of funding outcomes related to both capital offering types. Efficient market hypothesis …

Listed Private Equity Returns: The Forecasting Power Of Premiums And Discounts, Daniel Krasemann

CMC Senior Theses

In this paper, I assess the ability of premiums and discounts to predict future listed private equity returns. I hypothesize that the premiums and discounts of the net asset value of the listed private equity funds with monthly lags hold forecasting power. I use four distinct listed private equity indices and their respective NAV P/D values for my research. To ensure my analysis is realistic in scope, I incorporate a variety of macroeconomic variables that have been proven to influence listed private equity returns. I structure my time-period analysis around the 2008-09 financial crisis. I generally find that a two-month …

Executive Option Mix And Firm Litigation Risk, Andrew Cohen

CMC Senior Theses

Compensating executives with stock options creates incentives for executives and aligns their goals with shareholders. When examining specific components of equity-based compensation, stock options have a larger incentive effect on executives compared to stock awards as options are priced as a function of stock volatility. Since the option incentive effect is more profound than the stock incentive effect, executives may take on more risk. The relationship between firm risk and litigation can be demonstrated by the pricing of directors’ and officers’ liability insurance, which protects them from the costs of litigation. The purpose of this study is to examine the …

Blackstone Launchpad University Of Montana Strategic Analysis/Jacob Treece Honors Capstone Report, Jacob R. Treece

Undergraduate Theses, Professional Papers, and Capstone Artifacts

No abstract provided.

Does Firm Payout Behavior Serve As A Signal For Future Profitability?, Michael Colangelo

CMC Senior Theses

In this paper I explore the potential signaling capability that payout behavior, in the forms of dividends and share repurchases, has on the profitability of a firm. To do so, I analyze the relationship that dividends paid, share repurchases, and total payout have with asset turnover, return on assets, and EBITDA margin across different time structures. Next, I aim to understand if there is a significant differential impact of negative payout growth compared to positive payout growth, on the growth of the same performance measures above. I found that an increase in share repurchases and total payout both lead to …

Doing Well While Doing Good? The Cost Of Responsible Investing, Elizabeth Iwicki

CMC Senior Theses

In this paper, I estimate the monthly alpha of highly rated ESG stocks, with the motivation to assess the effects of ESG investors on public equity markets. I hypothesize, consistent with the motivating theory of Heinkel et al. (2001), that the shift in investor preferences toward ESG-friendly investments leads to the underperformance of a broad ESG portfolio relative to a portfolio of comparable stocks. I test my hypothesis using the methodology of Hong and Kacperczyk (2009) and Wallace (2022), where I apply the methods to an ESG portfolio rather than a “sin” portfolio. Consistent with my hypothesis, I find that …

Diseño De Un Modelo Administrativo Para El Proceso De Tercerización En El Caso De Empresas Del Sector Textil En El Municipio De Facatativá, Lyda Marcela Luis Aguas

Maestría en Finanzas

En Colombia, el sector de los textiles y confecciones es uno de los más grandes y con mayor experiencia en toda América Latina en lo que respecta a volumen de empresas, generación de empleo y volumen de ventas. Existen alrededor de 6.500 empresas en el sector que generan casi un millón de empleos directos e indirectos, con ventas de 27,7 billones de pesos para el 2022, 21% más que el 2020 (Inexmoda, 2022). Su crecimiento se asocia con el desarrollo de una fuerte competitividad, lo cual hace necesario establecer estrategias que le permitan a las empresas mejorar el posicionamiento de …

Desempeño De Activos Financieros Como Alternativa De Inversión En Colombia Después De Pandemia, Gilmar Andres Quijano Barragán, Sebastián Alonso Orozco Palomino, David Eduardo Pinzón Botero

Maestría en Finanzas

La emergencia social y sanitaria generada por la pandemia COVID – 19 impactó de manera significativa el sector financiero, propagando efectos negativos en la mayor parte de los países, por lo que Colombia también fue afectada durante este proceso. Los efectos fueron en diferentes sectores, entre ellos uno de los más significativos fue la caída en los precios del mercado de valores, puntualmente en la rentabilidad de los activos financieros. Es claro que la pandemia y sus efectos consecuentes, mostraron que existen diferentes aspectos que generan efectos negativos, por este motivo, se hace relevante y pertinente utilizar herramientas financieras especializadas …

Microcrédito Como Herramienta De Financiamiento Para Vendedores Ambulantes: Análisis Del Riesgo Crediticio, Heidi Daniela Prieto Ortega, Lina Briyit Barrantes Ríos, Diego Alejandro Peñaloza Cubillos

Maestría en Finanzas

La informalidad laboral es un problema persistente que afecta a gran parte de la población, de acuerdo con el Boletín Técnico de Ocupación Informal del DANE para el segundo trimestre del año 2023, alrededor del 56% de los colombianos aún trabaja sin contrato laboral, una de las tasas más altas de América Latina, sumado a esto, existe una baja cultura financiera en algunos sectores del país, que representan obstáculo para la inclusión financiera, como ocurre en el caso de los vendedores ambulantes. Dicho esto, los vendedores ambulantes conforman una realidad tangible en las calles y en la vida urbana, de …

Guerra Comercial Estados Unidos - China: Retos Y Oportunidades Para El Desarrollo Comercial Y Productivo Colombiano, Jhon Alejandro Tibaná Niño

Finanzas y Comercio Internacional

Durante la historia, se han presentado distintos escenarios de guerra comercial, ejemplo de ello, la guerra comercial ocurrida en el año 1929 a causa de la gran depresión vivida, en donde se impone la ley de aranceles Smoot-Hawley la cual Estados Unidos aplica aranceles del 20% a importaciones de productos manufactureros y agrícolas y que como consecuencia tuvo represalias de por lo menos 25 países; dicha ley redujo hasta en un 66% el comercio internacional (Kenton, 2019), a partir de dicha crisis países como Colombia vieron la oportunidad o la necesidad de desarrollar determinado sector para suplir las distintas necesidades …

Protección De La Industria Nacional En El Sector Agrícola, Ángela Fernanda Beltrán Martínez, Mariana Rodríguez Méndez, Daniela Valentina Sierra Cuadros

Finanzas y Comercio Internacional

El presente estudio parte de la premisa que Colombia, a pesar de ser un país agrícola, le apuesta más a la importación que a la inversión de productos pertenecientes a este sector. Dado lo anterior y apoyado en una investigación de enfoque mixto, medición numérica y análisis estadístico, se realiza un estudio basado en dos productos (maíz y azúcar); partiendo de dos modelos econométricos que buscan explicar el crecimiento de las importaciones de cada producto a partir del análisis de la relación entre la variable dependiente con las variables independientes.

De los resultados se logró determinar que al evaluar la …

Retos Del Sector Exportador De Las Tecnologías De La Información Y Las Comunicaciones (Tic) En Colombia, Juan Camilo Pulido Fagua

Finanzas y Comercio Internacional

Aunque el sector de las Tecnologías de la Información y las Comunicaciones (TIC) en Colombia tiene una discreta participación en el comercio internacional e importancia en las exportaciones totales del país, tiene una prometedora expectativa de crecimiento dentro de los próximos años. Esto se debe a que, según las tendencias exportadoras, Colombia logrará hacer una transición en su oferta exportable, reemplazando los productos primarios, por productos con valor agregado como los del sector TIC, que cuentan con procesos de programación, fabricación, etc., generando una diferenciación y mayores valores comerciales. En este contexto, el objetivo general de esta investigación es determinar …

La Importancia De La Educación Financiera En La Toma De Decisiones Financieras En Los Jóvenes Residentes En Bogotá, Johana Gabriela Prieto Prieto, Jeidy Catherine Gómez Zabala

Maestría en Finanzas

De acuerdo con el estudio del Departamento Nacional de Planeación (DNP) y la Banca de Oportunidades (2021), cuatro de cada diez colombianos solo reciben ingresos que cubren los gastos necesarios para sobrevivir y más de la mitad están retrasados en sus obligaciones financieras. Adicionalmente, la pandemia por COVID-19 incrementó estos retrasos; teniéndose que indicar, que gran parte de la población hoy sufre o ha sufrido problemas por tomar decisiones erróneas en el ámbito financiero. El propósito de esta investigación aplicada es caracterizar, mediante enfoques cualitativos y cuantitativos, la importancia de la educación financiera en las decisiones financieras de los jóvenes …

Adaptive Learning Gain In Asset Pricing, Sedealy Juste Lokossou

Electronic Theses and Dissertations

This paper delves into the complexities of asset pricing, emphasizing the need to go beyond prevailing paradigms and constant learning gain assumptions. We examine the influence of personal experiences, adaptive learning processes, and subjective return expectations on asset pricing. By incorporating the concept of time-varying learning gain, we provide a more realistic portrayal of asset pricing. Empirical analysis reveals a consistent negative correlation between experienced real payout growth and subsequent returns, indicating counter-cyclical behavior. Our findings also support the mean-reversion hypothesis in stock returns, although caution is needed due to some scenarios lacking statistical significance. Theoretical exploration uncovers that higher …

Index Funds And Etfs: Simplifying Investing For Better Returns, Patrick J. Cotton

Honors Theses and Capstones

No abstract provided.

Nba Tean Valuation: What Drives Value?, Jackson Cleary

Honors Theses and Capstones

The National Basketball Association (NBA) has slowly become one of the most popular professional sports leagues in the United States as well as growing its reach in European and Chinese ties. With this growth, we have seen the value of NBA teams climb significantly. Mark Cuban, a well-known entrepreneur and Shark on ABC’s Shark Tank, purchased the Dallas Mavericks for $285 million in 2000. They are now worth a staggering $2.5 billion (as of 2021). In 20 years since Cuban bought the Dallas Mavericks, they have seen close to ten times increase in their value. This begs the question, what …