Open Access. Powered by Scholars. Published by Universities.®
- Institution
-
- Singapore Management University (61)
- Walden University (51)
- University of Arkansas, Fayetteville (14)
- Pepperdine University (13)
- Claremont Colleges (9)
-
- Utah State University (9)
- Chulalongkorn University (8)
- Montclair State University (8)
- Western University (8)
- Selected Works (7)
- City University of New York (CUNY) (6)
- University of South Florida (6)
- Bryant University (5)
- Cleveland State University (5)
- Embry-Riddle Aeronautical University (5)
- Liberty University (5)
- Marquette University (5)
- University of New Hampshire (5)
- Ursinus College (5)
- East Tennessee State University (4)
- Illinois Wesleyan University (4)
- Old Dominion University (4)
- Stephen F. Austin State University (4)
- The University of Maine (4)
- Universidad de La Salle (4)
- University of Kentucky (4)
- University of Massachusetts Amherst (4)
- University of New Orleans (4)
- Edith Cowan University (3)
- Florida International University (3)
- Keyword
-
- Finance (16)
- Entrepreneurship (9)
- Funding (8)
- Cryptocurrency (7)
- Accounting (6)
-
- Small business (6)
- Bitcoin (5)
- Information asymmetry (5)
- Investment (5)
- Lending (5)
- Microfinance (5)
- SME (5)
- Volatility (5)
- Blockchain (4)
- Capital (4)
- Harold C. Smith fund (4)
- Hedge funds (4)
- Information Asymmetry (4)
- Innovation (4)
- Investments (4)
- Leadership (4)
- Liquidity (4)
- Management (4)
- Singapore (4)
- Ursinus College (4)
- Analysis (3)
- China (3)
- Compensation (3)
- Competition (3)
- Compliance (3)
- Publication
-
- Walden Dissertations and Doctoral Studies (50)
- Research Collection Lee Kong Chian School Of Business (42)
- Finance Undergraduate Honors Theses (10)
- CMC Senior Theses (9)
- Chulalongkorn University Theses and Dissertations (Chula ETD) (8)
-
- Department of Accounting and Finance Faculty Scholarship and Creative Works (6)
- All Graduate Plan B and other Reports, Spring 1920 to Spring 2023 (5)
- Faculty Publications (5)
- Finance Faculty Research and Publications (5)
- Honors Theses and Capstones (5)
- Research Collection School Of Computing and Information Systems (5)
- Theses and Dissertations (5)
- USF Tampa Graduate Theses and Dissertations (5)
- Undergraduate Honors Theses (5)
- Business Faculty Publications (4)
- Business Publications (4)
- Doctoral Dissertations (4)
- Doctoral Dissertations and Projects (4)
- Electronic Thesis and Dissertation Repository (4)
- Finance Faculty Publications (4)
- Honors Theses (4)
- Pepperdine Private Capital Access Report (4)
- Research Collection School Of Accountancy (4)
- The Journal of Business, Entrepreneurship & the Law (4)
- The Journal of Entrepreneurial Finance (4)
- Undergraduate Economic Review (4)
- University of New Orleans Theses and Dissertations (4)
- Dissertations and Theses Collection (Open Access) (3)
- Economics and Finance Faculty Publications (3)
- FIU Electronic Theses and Dissertations (3)
- Publication Type
- File Type
Articles 1 - 30 of 403
Full-Text Articles in Business
The Relative Financial Cost And Benefit Of An Ophthalmology Resident Compared To An Advanced Practice Provider, Optometrist, Or Faculty Ophthalmologist, Daniel B. Moore, William Barr
The Relative Financial Cost And Benefit Of An Ophthalmology Resident Compared To An Advanced Practice Provider, Optometrist, Or Faculty Ophthalmologist, Daniel B. Moore, William Barr
Ophthalmology and Visual Science Faculty Publications
Objective The main objective of the article is to determine the relative direct financial cost and benefit of an advanced practice provider (APP), optometrist, and faculty ophthalmologist compared with an ophthalmology resident.
Design Single center cost–benefit financial analysis.
Methods The direct total expenses, including mean salary and benefits; the cost/week, based upon calculated hours worked; and net revenue, based upon technical collections subtracted from total expenses were collected for all APPs, optometrists, faculty ophthalmologists, and ophthalmology residents at the University of Kentucky for the 2016 to 2017 academic year. Optometry and ophthalmology faculty collections were adjusted for clinical full-time equivalents. …
Uganda Invest In Foreign Markets: Uganda As A Case Study, Morgan T. Lynch
Uganda Invest In Foreign Markets: Uganda As A Case Study, Morgan T. Lynch
The Journal of Business, Entrepreneurship & the Law
No abstract provided.
"Flaw-Backs:" Executive Compensation Clawbacks And Their Costly Flaw, Connor Douglas Maag
"Flaw-Backs:" Executive Compensation Clawbacks And Their Costly Flaw, Connor Douglas Maag
The Journal of Business, Entrepreneurship & the Law
Saving money should not be expensive. Compensation “clawbacks” are a legal mechanism for companies to reclaim employee compensation, but the legislative framework is complex and disorganized. There are four primary federal claw-back provisions: Sarbanes-Oxley § 304, Dodd-Frank § 954, 12 U.S.C.A. § 5221(TARP), and Dodd-Frank § 956—as well as voluntary contractual clawback policies. This comment untangles the web of clawback legislation by overlaying each clawback mechanism to extract a single, clear, and concise description of executive compensation clawbacks, called the “Comprehensive Clawback Coverage.” The Comprehensive Clawback Coverage reveals a major flaw in the legal and regulatory framework: clawbacks increase agency …
Failed Anti-Activist Legislation: The Curious Case Of The Brokaw Act, Alon Brav, J.B. Heaton, Jonathan Zandberg
Failed Anti-Activist Legislation: The Curious Case Of The Brokaw Act, Alon Brav, J.B. Heaton, Jonathan Zandberg
The Journal of Business, Entrepreneurship & the Law
The Brokaw Act was proposed legislation aimed at “financial abuses being carried out by activist hedge funds who promote short-term gains at the expense of long-term growth . . . .” Sponsoring Senators named it after a small town in Wisconsin that, according to the Act’s sponsors, was decimated by the actions of a hedge fund activist in shutting down the local paper mill with a loss of hundreds of jobs. The Brokaw Act represented the first attempt at federal legislation aimed at restricting hedge fund activism. Since then, new and similar bipartisan proposals have appeared as have threats of …
Recent Developments Concerning The Purchase Of Consumer Debt; Defining Potential Problems And Proposals For Suggested Solutions, Gerald A. Williams
Recent Developments Concerning The Purchase Of Consumer Debt; Defining Potential Problems And Proposals For Suggested Solutions, Gerald A. Williams
The Journal of Business, Entrepreneurship & the Law
No abstract provided.
The Effectiveness Of Government Mandated Disclosure Reform, Sakshi Raj
The Effectiveness Of Government Mandated Disclosure Reform, Sakshi Raj
University of New Orleans Theses and Dissertations
The higher the level of information asymmetry between a firm and its investors, the higher is the firm’s reluctance to raise money externally, potentially leading to investment distortions. An improved disclosure system reduces information asymmetry and therefore, lessens the adverse selection effects of external financing, thereby moderating investment inefficiencies. In this paper, we examine the impact of potentially improved transparency stemming from stricter disclosure requirements (Clause 49) on financing and investment decisions of Indian firms. The results show that reliance of Indian firms on internal financing in the pre-reform period gives way to greater use of external financing …
Innovation, Ownership And Ipo Underpricing, Roman Bohdan
Innovation, Ownership And Ipo Underpricing, Roman Bohdan
University of New Orleans Theses and Dissertations
This dissertation consists of two empirical essays. The first chapter titled: “Hedge Fund Activism and Dual Ownership of U.S. Multinationals”. Harford, Wang & Zhang (2017) conclude that holding high cash balances abroad to avoid US taxes causes internal capital markets and investments distortions. We posit that hedge funds target MNCs with more severe internal capital and agency problems. We demonstrate that upon acquiring dual ownership in these firms, hedge funds reduce internal capital problems and improve investment, especially innovation, efficiencies. To further reduce agency costs of foreign cash holdings, hedge funds engage dual firms in focused acquisitions. These improvements are …
Ford Motor Company's Financial Analysis, Azbayar Enkhbayar
Ford Motor Company's Financial Analysis, Azbayar Enkhbayar
Dissertations, Theses, and Projects
The goals and objectives of this financial report are to value the common stock of Ford Motor Company and provide a recommendation to buy, sell, or hold. Quantitative and qualitative data about Ford Motor Company, its competitors, and the markets it operates in were analyzed for this report. A discounted cash flow model was used to forecast future free cash flows. The model estimated Ford’s common stock to be fairly valued at USD 9.81 per share. This is slightly higher than the current price of $9.41 and a hold recommendation is made.
How America Permitted The Great Recession, Robert A. Moss Iii
How America Permitted The Great Recession, Robert A. Moss Iii
Honors Program Theses and Projects
Many people have thrown out many ideas as to how the Great Recession happened. Some blame the banks, some blame the system, and others blame the lawmakers. The truth is much more complicated, and many different events lined up to make it happen. The essential fact is that there would likely have been a recession in the 2000s as a result of the commodities price recession of the 90s. What made the recession bad enough to be called the Great Recession was the gradual de-regulation that occurred after Glass-Steagal. Primarily, this paper will deal with the laws surrounding the banking …
The Impact Of Taxes On Foreign Direct Investments, James Mohs, Robert Wnek, Arthur Galloway
The Impact Of Taxes On Foreign Direct Investments, James Mohs, Robert Wnek, Arthur Galloway
Finance Faculty Publications
The role of taxation in the area of foreign direct investment and economic growth has been the topic of many studies. With the effect of newly enacted corporate tax reform in the United States the impact will become the topic of many future studies. This paper will review the common factors used to correlate the impact of corporate taxation on Foreign Direct Investment decision making. The purpose of this research is to review and outline the sensitivity to taxation based on a multiplicity of economic factors that will include taxation on the return on investment and global profits. For the …
State's Fiscal Dependency And Implications On Monetary Management In Nigeria, Akinboyo O. Lawrence, Apinran O. Martins
State's Fiscal Dependency And Implications On Monetary Management In Nigeria, Akinboyo O. Lawrence, Apinran O. Martins
Bullion
This study examines fiscal management by States in Nigeria and its potential to sustain growth and development. The study used secondary data from the Bank's Statistical Bulletin and the Nigeria Bureau of Statistics. Information on monthly allocations to States, internally Generated Revenue, Debt stock, total Revenue, and Total expenditure were used to examine fiscal imbalance in the States. Data were collected on statutory allocations to States by the Federation Account Allocation Committee (FAAC), Internally Generated Revenue (IGR), States' debt stock, capital and recurrent expenditure from the Central Bank of Nigeria (CBN) and the National Bureau of Statistics (NBS). Descriptive statistics …
Financial Outcomes From Selection Of Insurance Intervals, Shana Anderson Stewart
Financial Outcomes From Selection Of Insurance Intervals, Shana Anderson Stewart
All Graduate Plan B and other Reports, Spring 1920 to Spring 2023
The purpose of this paper is to demonstrate the potential value of enrolling in rainfall-index for pasture, rangeland, and forage insurance for Utah producers. A stochastic optimization model is used to identify the optimal selection of insurance intervals that will provide the maximum indemnity payments less premiums. Four Utah counties were selected for analysis. Results indicate that positive returns will occur greater than 60% of the time in all counties with the selected insurance intervals. The optimal months to insure varied in each county.
Lobbying Legislation And Cumulative Abnormal Returns, Brenan Stewart
Lobbying Legislation And Cumulative Abnormal Returns, Brenan Stewart
All Graduate Plan B and other Reports, Spring 1920 to Spring 2023
The Honest Leadership and Open Government Act of 2007 (Pub.L. 110-81, 121 Stat. 735, enacted September 14, 2007) was passed by the U.S. Congress in order “to strengthen public disclosure requirements concerning lobbying activity and funding. It placed more restrictions on gifts for members of Congress and their staff, and provides for mandatory disclosure of earmarks in expenditure bills.” Treating this event as a natural experiment, we examine how this legislation affected the Cumulative Abnormal Returns (CARs) of firms that lobbied in the year(s) leading up to the passing of the legislation. We find that companies that lobbied in the …
The Free Cash Flow And Corporate Returns, Sen Na
The Free Cash Flow And Corporate Returns, Sen Na
All Graduate Plan B and other Reports, Spring 1920 to Spring 2023
Mcpherson (2018) and Jose, Lancaster, Stevens (1996) have written papers to examine the relationship between liquidity management and firm profitability. The literature establishes that the cash conversion cycle has an implication for the profitability and liquidity of a firm. We extend the time period and analyze the free cash flow instead of cash conversion cycle. We provide evidence that firms with higher free cash flows have higher risk adjusted stock returns.
Docking And Curtons' "Crisis In Higher Education: A Plan To Save Small Liberal Arts Colleges In America" (Book Review), R. Curt Rice Dr.
Docking And Curtons' "Crisis In Higher Education: A Plan To Save Small Liberal Arts Colleges In America" (Book Review), R. Curt Rice Dr.
The Christian Librarian
No abstract provided.
Performance Of The Vidya Indicator Using Bootstrap, Lucas Priskos
Performance Of The Vidya Indicator Using Bootstrap, Lucas Priskos
All Graduate Plan B and other Reports, Spring 1920 to Spring 2023
This paper analyses the performance of the Volatility Index Dynamic Average Indicator (VIDYA) as a method for technical trading. The question was whether or not the buy and sell signals generated by VIDYA could allow a trader to outperform the benchmark rate of return. The strategy is implemented in a similar way to a standard moving average crossover where two lines are charted: a short period VIDYA and a long period VIDYA. The four combinations of VIDYA were used were as follows: 6 with 21 periods, 9 with 21 periods, 12 with 21 periods, and 21 with 50 periods. When …
Online Learning Tool On External Financing Needs, Yuanto Kusnadi
Online Learning Tool On External Financing Needs, Yuanto Kusnadi
Research Collection School Of Accountancy
In collaboration with colleagues at the Centre ofTeaching Excellence (CTE), I have developed an innovative online learningobject on External Financing Needs. This tool is designed to introduce a noveland refreshing way in teaching accounting and finance concepts to students andto create a more interactive learning experience in the classroom. The online learning tool is used in the two courses:Accounting for Entrepreneurs and Financial Management, to explain the relevantconcepts related to financial forecasting and financial planning. One unique feature about the learning object is that itprovides instantaneousfeedback to students as they can learn whether the numbers theyprovide are correct/wrong (as indicated …
Essays On Market Linkages In Nafta And Latin American Countries: Studies Of Cointegration And Contagion, John K. Tarwater
Essays On Market Linkages In Nafta And Latin American Countries: Studies Of Cointegration And Contagion, John K. Tarwater
Theses and Dissertations
The globalization of securities in recent years has led to an increase in market linkages. These linkages are strong among countries that have entered into bilateral and multilateral trade agreements. I investigate the linkages of stock markets in NAFTA countries by exploring their cointegrating relationship, and I explore market linkages in Latin America by showing evidence of financial contagion between Brazil and her Latin American neighbors.
In the first essay, I employ a vector error correction model to examine the linkages between price stock indexes of NAFTA countries that have been segregated into tiers based on market capitalization. In each …
Sensation Seeking And Hedge Funds, Stephen Brown, Yan Lu, Sugata Ray, Song Wee Melvyn Teo
Sensation Seeking And Hedge Funds, Stephen Brown, Yan Lu, Sugata Ray, Song Wee Melvyn Teo
Research Collection Lee Kong Chian School Of Business
We show that motivated by sensation seeking, hedge fund managers who own powerful sports cars take on more investment risk but do not deliver higher returns, resulting in lower Sharpe ratios, information ratios, and alphas. Moreover, sensation-seeking managers trade more frequently, actively, and unconventionally, and prefer lottery-like stocks. We show further that some investors are themselves susceptible to sensation seeking and that sensation-seeking investors fuel the demand for sensation-seeking managers. While investors perceive sensation seekers to be less competent, they do not fully appreciate the superior investment skills of sensation-avoiding fund managers.
Managing Swaption Portfolio Risk Under Different Interest Rate Regimes, Poh Ling Neo, Chyng Wen Tee
Managing Swaption Portfolio Risk Under Different Interest Rate Regimes, Poh Ling Neo, Chyng Wen Tee
Research Collection Lee Kong Chian School Of Business
Efficient risk managing of swaption portfolios is crucial in the hedging of interest rate exposure. This paper formulates a portfolio risk management framework under stochastic volatility models. The implication of using the right volatility backbone in the stochastic-alpha-beta-rho (SABR) model is analyzed. In order to handle negative interest rates, we derive a displaced-diffusion stochastic volatility (DDSV) model with closed-form analytical expression for swaption pricing. We demonstrate that the dynamics naturally allow for negative rates, and is also able to fit the market well. Finally, we show that choosing the right backbone in the DDSV model results in optimal hedging performance …
How It Awareness Impacts It Control Weaknesses And Firm Performance, Peiqin Zhang, Ju Long, James Ma
How It Awareness Impacts It Control Weaknesses And Firm Performance, Peiqin Zhang, Ju Long, James Ma
Journal of International Technology and Information Management
With the prevalence of information technology (IT), the value of IT awareness increasingly grows, and IT control becomes a key part of firms’ strategies and objectives. Although leadership plays an important role in IT control governance, limited research has studied whether IT awareness is associated with IT control weaknesses (ITCWs) and firm performance simultaneously. Drawing on the agency and resource dependence theory, this paper proposes an integrative model to examine the impact of IT awareness on ITCWs and firm performance. We empirically validate the model using a data set of 310 firms collected from multiple sources including Audit Analytics, Compustat, …
A Global Analysis Of Corporate Litigation Risk And Costs, Matteo P. Arena, Stephen P. Ferris
A Global Analysis Of Corporate Litigation Risk And Costs, Matteo P. Arena, Stephen P. Ferris
Finance Faculty Research and Publications
We analyze a unique hand-collected international sample of 475 corporate lawsuits involving 361 publicly-traded defendant firms headquartered in 16 developed countries to explore how country factors influence litigation risk, equity market value, lawsuit outcomes, and settlement costs. Unlike U.S.-focused studies, we do not find a significant relation between stock turnover, equity performance, and the probability of litigation. Defendant firms headquartered in civil law countries or countries with less efficient judiciary systems face lower litigation risk and costs as well as less share price decline at filing. Countries whose courts are less independent demonstrate a significant bias against foreign defendant firms.
Potential Consequences Of U.S. Securities And Exchange Commission’S Replacement Of The Quarterly Reporting Requirement For Semi-Annual Reporting, Mengchen Zhou
Accounting Undergraduate Honors Theses
This study extends the discussion of potential consequences of U.S. Securities and Exchange Commission’s replacement of the quarterly reporting requirement for semi-annual reporting. This research summarizes the perspectives about quarterly and semi-annual reporting from reporters, critics, business executives and academic researchers, analyzes the influential parties from changing reporting regulation, and provides detailed explanation about potential impacts. Five parties are related to the replacement of the quarterly reporting requirement, including corporations, investors, analysts, auditors and Trump Administration. This research concludes that the auditor will be the least influential party and corporations will be the most impacted party.
Commodity Return Predictability: Evidence From Implied Variance, Skewness And Their Risk Premia, Marinela Adriana Finta, Jose Renato Haas Ornelas
Commodity Return Predictability: Evidence From Implied Variance, Skewness And Their Risk Premia, Marinela Adriana Finta, Jose Renato Haas Ornelas
Research Collection Lee Kong Chian School Of Business
This paper investigates the role of realized and implied and their risk premia (variance and skewness) for commodities’ future returns. We estimate these moments from high frequency and commodity futures option data that results in forward-looking measures. Risk premia are computed as the difference between implied and realized moments. We highlight, from a cross-sectional and time series perspective, the strong positive relation between commodity returns and implied skewness. Moreover, we emphasize the high performance of skewness risk premium. Additionally, we show that their portfolios exhibit the best risk-return tradeoff. Most of our results are robust to other factors such as …
Discussion Of The Potential Of Blockchain In Finance, Andrew Kincaid
Discussion Of The Potential Of Blockchain In Finance, Andrew Kincaid
Finance Undergraduate Honors Theses
This paper analyzes the current application of blockchain technology to demonstrate its disruptive potential has across different financial industries. This paper analyzes the potential difficulties that blockchain technology must face and overcome to realize this potential. Blockchain is currently in a stage in its development where there has not been enough research done to provide empirical answers to its benefits or added costs; however, there have been many early innovations that have helped propel blockchain forward. Blockchain in corporate finance is primarily used in corporate governance where blockchain has the ability to increase transparency and reduce possible corruption. Blockchain has …
Executive Overconfidence And Securities Class Actions, Suman Banerjee, Mark Humphery-Jenner, Vikram Nanda, T. Mandy Tham
Executive Overconfidence And Securities Class Actions, Suman Banerjee, Mark Humphery-Jenner, Vikram Nanda, T. Mandy Tham
Research Collection Lee Kong Chian School Of Business
Overconfident CEOs/senior executives tend to have excessively positive views of their own skills and their company’s future performance. We hypothesize that overconfident managers are more likely to engage in reckless or intentional actions/disclosures that give rise to securities class actions (SCAs). Empirical evidence is supportive: Overconfident CEOs/senior executives increase SCA likelihood, though litigation risk is ameliorated through improved governance, such as following the Sarbanes–Oxley Act of 2002. Post-SCA, companies are less likely to hire an overconfident CEO. Following an SCA, overconfident CEOs appear to moderate behavior and to reduce their litigation risk.
Simulations Illustrate Flaw In Inflation Models, Peter L. D'Antonio Ph.D.
Simulations Illustrate Flaw In Inflation Models, Peter L. D'Antonio Ph.D.
Faculty Works: Business (1973-2022)
This study questions the basic assumption of standard inflation models that there are only two forces driving price changes - underlying inflation and short-term noise. Specifically, the paper analyzes the distributions of individual price changes to shed light on an apparent contradiction: individual price changes are extremely dispersed, while measured inflation, the aggregate of individual price changes, remains relatively steady. Monte Carlo simulations demonstrate that the standard inflation model is inconsistent with this observation. The author reintroduces a new inflation model that explicitly accounts for the possibility of a third price-change driver - long-term sector-specific forces. Simulations show that the …
An Overview Of A Failed Thesis, Avery Lewis
An Overview Of A Failed Thesis, Avery Lewis
Undergraduate Honors Theses
An overview of a project based thesis that did not have the support or funding to be carried out to completion. The project was based around starting up a summer recruitment program for the East Tennessee State University Music Department. The program would consist of various summer events for high school students used to recruit for the department as well as encourage music and fine arts degrees.
Likely Trajectory Of Fed Policy Far From Settled, Thomas Lam, David Fernandez
Likely Trajectory Of Fed Policy Far From Settled, Thomas Lam, David Fernandez
Research Collection Lee Kong Chian School Of Business
Markets seem to be assuming an almost pre-set path of Fed policy normalization in 2019, including hiking rates and shrinking the balance sheet. In contrast, we see many uncertainties ahead.
Commonality: A Longitudinal Study, Raja Velu, Zhaoque Zhou, Chyng Wen Tee
Commonality: A Longitudinal Study, Raja Velu, Zhaoque Zhou, Chyng Wen Tee
Research Collection Lee Kong Chian School Of Business
The commonality in the asset characteristics such as returns, liquidity and other non-trade parameters attracted intense research interest in the literature. In this paper, we investigate the longitudinal trend in commonality for the duration 2000-2016, an extensive that include years of boom and bust in the financial market. Our results show that while market has become more fragmented, commonality in returns has doubled over this period. This observation holds across all exchanges, with a clear trend of convergence in exchange-wide commonality over time due to increased information efficiency. We develop a unified methodology to systematically accommodate all explanatory factors for …