Open Access. Powered by Scholars. Published by Universities.®

Business Commons

Open Access. Powered by Scholars. Published by Universities.®

University of Pennsylvania

Discipline
Keyword
Publication Year
Publication
Publication Type
File Type

Articles 1 - 30 of 2390

Full-Text Articles in Business

Institutional Investors, Shareholder Activism, And Esg In The Energy Sector, Carolyn L. Xie Ms. May 2020

Institutional Investors, Shareholder Activism, And Esg In The Energy Sector, Carolyn L. Xie Ms.

Wharton Research Scholars

The search for relationships between shareholder activism and environmental, social, and governance (ESG) performance has been a research area that has garnered increased interest in recent years. Specifically, climate change and environmental concerns have been evaluated by private and public sectors around the world, and progress has been made with actions such as the Paris Agreement. Scholars conducted various studies to analyze the relationship between shareholder activism and corporate financial performance (CFP). In addition, scholars have also conducted various studies to analyze the relationship between ESG performance and CFP as well as ESG performance and risk. Given the emergence of ...


Cultivating Connections At Philabundance, Wesley Adams, Cindy Chou, Sarah Francois-Poncet May 2020

Cultivating Connections At Philabundance, Wesley Adams, Cindy Chou, Sarah Francois-Poncet

Master of Applied Positive Psychology (MAPP) Service Learning Projects

Philabundance is a Philadelphia-based food bank, serving the food insecure in nine counties in Pennsylvania and Southern New Jersey. Owing to its ambitious goal of not just relieving hunger, but ending it, a dispersed and diverse team working out of multiple sites and leadership turnover, issues with silos, morale and productivity have developed over recent years. Based on a situational analysis and a review of potentially applicable positive psychology research, Team Black believes that the organization could benefit from the positive psychology theories and research relating to (1) positive emotions and positivity resonance, (2) character strengths, and (3) meaning and ...


Building A Winning Nfl Roster: Best Practices For Sustained Success, Jake H. Stern May 2020

Building A Winning Nfl Roster: Best Practices For Sustained Success, Jake H. Stern

Master of Science in Organizational Dynamics Theses

The purpose of this capstone is to identify and analyze the factors that contribute to team success in the National Football League through a review of relevant literature, a survey of league personnel, and firsthand experience as a football administrator. This project first studies quantitative data regarding player acquisition, specifically the data behind the NFL entry draft. Next, the current literature regarding off the field processes such as leadership, organizational culture and engagement were reviewed and finally, a two-step Delphi method survey was distributed to a panel of current league professionals. This paper aims to find the most efficient and ...


Connecting Through Circles: A Playbook For Cultivating Well-Being Between Wharton Women Alumni, Madison R. Romney, Kristin Elinkowski, Tamara Myles, Elizabeth Koehler, Clare Davenport May 2020

Connecting Through Circles: A Playbook For Cultivating Well-Being Between Wharton Women Alumni, Madison R. Romney, Kristin Elinkowski, Tamara Myles, Elizabeth Koehler, Clare Davenport

Master of Applied Positive Psychology (MAPP) Service Learning Projects

The Wharton Women's Circles (WWC) at the University of Pennsylvania is a ground-breaking alumnae program founded in 2019 with a mandate to cultivate meaningful connections. The Circles, led by facilitators, provide working women a safe space to gather in an environment of support and encouragement. Through this process, women look to build community, confidence, inspiration, and produce desired results across personal and professional domains. Leveraging research in Positive Psychology, our team developed five facilitator-led sessions, encompassed in an adaptable ‘Playbook’ to support facilitators, engage participants, and drive discussions. The Playbook aims to accomplish three goals: (1) Amplify participant connection ...


Embracing The Path: A Story Of Leadership, Transformation, And Adventure, Zachary S. Davis May 2020

Embracing The Path: A Story Of Leadership, Transformation, And Adventure, Zachary S. Davis

Master of Science in Organizational Dynamics Theses

This capstone retells a journey of transformation through self-realization and personal development, made possible through the collective learning experiences and inspirations provided during my course of study in the Organizational Dynamics program at the University of Pennsylvania. The concepts are purposefully woven together in a story format to reinforce the importance of balance across multiple versions of self, highlighting personal development experiences, adventures, and the resultant growth as a person and leader. The paper focuses on topics of work-life balance and self-awareness in exploration of their usefulness in leader development, orchestrating change management initiatives, and improving overall effectiveness in organizations ...


The “Invisible” Chinese Employees: The Influential Factors Of Job Satisfaction Of Chinese Employees In The American Workplace, Xian Xu May 2020

The “Invisible” Chinese Employees: The Influential Factors Of Job Satisfaction Of Chinese Employees In The American Workplace, Xian Xu

Master of Science in Organizational Dynamics Theses

There are about 2.23 million Chinese workers employed in the American workplace. However, Chinese workers have received disproportionately less attention in the research of job satisfaction in the US. They should not be “invisible.” This capstone is a mixed-method research study that focuses on the influential factors of job satisfaction of Chinese employees in the American workplace, who are the first generation of Chinese immigrants originally coming from mainland China, Hong Kong, Macau, Taiwan. Data was collected using a Qualtrics survey of fifteen questions and nine personal interviews with Chinese employees in various industries. The finding of this study ...


University Community Engagement And Its Effect On University Brand Image, Lina Shi May 2020

University Community Engagement And Its Effect On University Brand Image, Lina Shi

Joseph Wharton Scholars

With rising competition between universities in recent years, higher education institutions face increasing pressure to establish a positive brand image among students, faculty, and other university stakeholders for a competitive advantage. While there have been numerous studies showing how corporations’ brand images have been positively affected by corporate social responsibility initiatives, there are few that establish the effect of university community engagement on university brand image. This study uses a mixed-methods approach involving a secondary data analysis, a case study that includes interviews with administrators on the University of Pennsylvania and the Netter Center’s community engagement endeavors and branding ...


Financial Sustainability Of Historic House Museums, Julia Bache Feb 2020

Financial Sustainability Of Historic House Museums, Julia Bache

Wharton Research Scholars

In a world where historic house museums are often struggling financially, it is important to analyze data to learn which innovations can increase the financial sustainability of these historic sites. My research demonstrates that an increase in the number of emotions experienced on a house museum tour is correlated with an increase in customer lifetime value. Similarly, my research finds that higher levels of perceived historical relevance on house museum tours are linked with greater customer lifetime value. My studies show that social impact initiatives at historic house museums are correlated with higher revenues and higher expenses with a neutral ...


Laws And Ethics In Relation To Medical Entrepreneurship, Ramesh Iyer, Jeremy Solomon Jan 2020

Laws And Ethics In Relation To Medical Entrepreneurship, Ramesh Iyer, Jeremy Solomon

Academic Entrepreneurship for Medical and Health Scientists

  • Some healthcare laws affect academic entrepreneurs who may also be practicing healthcare providers. Understanding the regulatory agencies and relevant laws is essential to avoiding legal entanglement with regulatory authorities and creating a successful health business venture.

  • It is important to follow ethical standards in starting and managing a company. Ethical shortcuts may yield short-term benefits but pose substantial risk in the long run, including the potential for ethical and financial malfeasance.


Man Vs. Machine: Comparing Machine Learning And Analysts' Predictions For Earnings, Jessica P. Nguyen Jan 2020

Man Vs. Machine: Comparing Machine Learning And Analysts' Predictions For Earnings, Jessica P. Nguyen

Wharton Research Scholars

The main goal of this study is to determine whether machine learning can outperform analysts in forecasting earnings. Using gradient boosted regression trees (a recursive regression tree-building method), this paper concludes that machine learning is unable to beat analysts’ predictions for earnings, when comparing median absolute percentage error. The model was trained on firms with Wall Street analyst coverage for earnings between years 2013 to 2016. Predictors from existing earnings forecasting literature were input for the model’s consideration. The model’s performance was compared to analysts’ forecasts on out-of-sample earnings for years 2017 to 2019. The results suggest that ...


Risky Business: Assessing The Feasibility Of Cross-Border Venture Capital Investments In Conflict Zones, Kasra Khadem Jan 2020

Risky Business: Assessing The Feasibility Of Cross-Border Venture Capital Investments In Conflict Zones, Kasra Khadem

Wharton Research Scholars

As venture capital expands in relevance and influence, investors will begin to face inevitable challenges when deciding where and how to allocate VC funding. Though substantial research has been done to evaluate the myriad financial structures of venture capital, the literature on cross-border VC and its applications are quite limited. This paper will assess the barriers to cross-border VC investments into conflict zones, aiming to understand the feasibility of such investments under the modern VC paradigm. Common barriers will be tested against interviews with a range of venture capital investors to understand the relative importance of these barriers and the ...


Inflection Vs. Continuation: A Discussion Of Data Centralization In Startups, Corey Parker Jan 2020

Inflection Vs. Continuation: A Discussion Of Data Centralization In Startups, Corey Parker

Joseph Wharton Scholars

This paper delves into the pursuit to introduce data centralization methods to small-scale firms and startups. This is done by teaching the founders skills and methods in Excel while tailoring the outputs to their specific industry and customer segments. Throughout this consulting-like process, I recorded each firm’s ability to understand my methods and the relative likelihood for adoption post-consulting. This study has found that the likelihood for adoption lies not in the complexity of the model, but the stage of the startup. By understanding this key difference, this paper aims to provide a blueprint for firms to follow when ...


Foreign Exemptions In Tobacco, Alcohol, And Gambling Regulations: A Topographic Study Of East And Southeast Asia, Jia Wei Teo Jan 2020

Foreign Exemptions In Tobacco, Alcohol, And Gambling Regulations: A Topographic Study Of East And Southeast Asia, Jia Wei Teo

Joseph Wharton Scholars

This paper examines country regulations against three “sins” that cause personal and social harm – tobacco, alcohol, and gambling. A generalized literature review shows the levels of personal and social harm resulted from each sin, and whether policies were implemented with foreign exemption (whether foreigners were exempted from regulations that apply to nationals). Data is compiled of fourteen countries in East and Southeast Asia (spanning seventeen geographic jurisdictions (“jurisdictions”) due to Macau and Hong Kong’s status as special administrative jurisdictions of China and Taiwan’s status as a state under Chinese jurisdiction), resulting in a top-down, topographical study. Results show ...


Evaluation Of How Public Disgrace Affects Instagram Influencers' Personal Brand Sentiment, Jennifer Hu Jan 2020

Evaluation Of How Public Disgrace Affects Instagram Influencers' Personal Brand Sentiment, Jennifer Hu

Wharton Research Scholars

The purpose of this paper is to examine how a public, negative incident (public disgrace) affects the general sentiment of Instagram influencers with respect to an influencer’s following size. The proposed theoretical model, a quasi-experiment, consists of the sentiment score as the dependent variable, timing of the incident (pre or post), following size (high or moderate), and whether the influencer faced the incident or not as the independent variables. The approach is to identify the sentiments for the comments scraped per influencer analyzed and assess if there is a significant difference in average comment sentiment between following sizes. After ...


From Grocery Stores To Daycares: Analyzing The Desirability And Feasibility Of A Proposed Intervention To Mitigate Child Hunger In North Philadelphia, Monica A. Volodarsky Jan 2020

From Grocery Stores To Daycares: Analyzing The Desirability And Feasibility Of A Proposed Intervention To Mitigate Child Hunger In North Philadelphia, Monica A. Volodarsky

Wharton Research Scholars

The purpose of this study was to ascertain whether a proposed program with the goal of mitigating child hunger in North Philadelphia would be desirable, or accepted by key stakeholders, and feasible, meaning financially viable to implement. The program being considered is grocery stores selling to daycares, at a discounted price, excess edible and redistributable produce to be distributed to the children enrolled in the daycare, providing them with fresh and nutritious fruits and vegetables. To determine whether the proposed program is desirable, a qualitative analysis was completed on a series of semi-structured interviews conducted with representatives of relevant stakeholder ...


Are Green Bonds Just Another Financial Fad Or Are They Here To Stay?, Saloni R. Wadhwa Jan 2020

Are Green Bonds Just Another Financial Fad Or Are They Here To Stay?, Saloni R. Wadhwa

Wharton Research Scholars

This paper analyses the existence of a greemium i.e., an investor or issuer green bond premium in the primary fixed income and securities market across time. To achieve this, I examine issue yield differentials and issue price differentials between matched samples of green and conventional bonds, which are examined through time series, regression and difference-in-difference analyses. The issuer premium is evaluated in terms of favorable price, while the investor premium is defined in terms of favorable yield. The results suggest that green bonds have had an investor premium based on a positive yield (3.6 basis points). There is ...


U.S. Military Innovation In The 21st Century: The Era Of The “Spin-On”, Tyler J. Knox Jan 2020

U.S. Military Innovation In The 21st Century: The Era Of The “Spin-On”, Tyler J. Knox

Wharton Research Scholars

The intersection between the U.S. military and technological innovation, a “military-innovation nexus,” has led to the genesis of key technologies, including nuclear energy, general computing, GPS, and satellite technology from World War II to the present. However, an evolving innovation context in the twenty-first century, including the leadership of the commercial sector in technology innovation and the resurgence of great power competition, has led to doubts about the ability of the Department of Defense to discover and promote the technological innovations of the future. The Third Offset Strategy was formulated in 2014 in response to these concerns: The offset ...


Cancel Culture On Twitter: The Effects Of Information Source And Messaging On Post Shareability And Perceptions Of Corporate Greenwashing, Brandon Nguyen Jan 2020

Cancel Culture On Twitter: The Effects Of Information Source And Messaging On Post Shareability And Perceptions Of Corporate Greenwashing, Brandon Nguyen

Wharton Research Scholars

This paper is a mixed-method study divided into three parts. Part I provides an overview of the current literature on corporate greenwashing, social media marketing and the intersection of the two. The section concludes by developing a theoretical model and testable hypotheses that aim to explain how individuals might process tweets as it pertains to environmental messaging from external third-party commentators. Part II empirically tests the hypotheses through a 2x2 between-participants survey experiment (n=200) to measure the effects of information source (author of the tweet) and post message (positive versus negative) on two dependent variable constructs: post shareability and ...


An Examination Of The Association Between Mega-Fund Managers' Investments In The Middle Market And Middle-Market Fund Managers' Investment Opportunities, Yingqi Peng Jan 2020

An Examination Of The Association Between Mega-Fund Managers' Investments In The Middle Market And Middle-Market Fund Managers' Investment Opportunities, Yingqi Peng

Joseph Wharton Scholars

In the past decade, US middle-market private equity has experienced an increase in fundraising and buyout activities. At the same time, many mega-fund managers have gradually entered the middle market, hoping to create value by focusing on operational improvement in middle-market companies. The entrance of mega-fund managers into the middle market likely has had an impact on middle-market fund managers, who are the biggest players in the middle market. Given the limited existing literature on middle-market private equity, this research intends to fill in the gaps by analyzing the association between increasing mega-fund managers’ interest in the middle market and ...


A Microfinance Approach To Healthcare Distribution, Aris Saxena Jan 2020

A Microfinance Approach To Healthcare Distribution, Aris Saxena

Wharton Research Scholars

Microfinance has become a global tool in providing financial support for the world’s most vulnerable. Unfortunately, a lack of stable income sources for these populations results in high rates of default, and thus, high interest rates attached to microfinance loans to compensate. Social enterprises and large corporations alike have launched micro-distribution initiatives that seek to provide local communities with means of transportation along with commercial products through microfinance loans, and in turn, these ‘micro-entrepreneurs’ distribute finished goods in order to overcome the high cost of last-mile distribution for the corporation. While this model has been typically utilized for retail ...


Analyzing M&A: The Effects Of Same Sell-Side Analysts, Nicolas Garcia Jan 2020

Analyzing M&A: The Effects Of Same Sell-Side Analysts, Nicolas Garcia

Wharton Research Scholars

This thesis explores the topic of earnings forecast accuracy within the context of M&A activity and expands upon the findings of Tehranian, Zhao, and Zhu (2014). The paper aims to provide insights into the contributing factors of equity research forecast accuracy by examining the cross-sectional deviation in the relationships that influence analysts’ ability to produce accurate earnings forecasts. The research conducted in this paper shows that equity research analysts who have prior experience covering both the target and the acquirer firm are more precise than analysts who covered just one of the two and new coverage analysts. The paper ...


The Integration Of Blockchain Technology To The Beef Industry – A Comparative Analysis, Cole N. Hancock Oct 2019

The Integration Of Blockchain Technology To The Beef Industry – A Comparative Analysis, Cole N. Hancock

Social Impact Research Experience (SIRE)

This paper seeks to explore the different plausible and implemented applications of blockchain technology in the beef industry in two representative markets: The United States and Kenya. Previous papers discuss implementation of blockchain to the beef industry, without a focus on the variations between beef industries and supply chains in various countries, a gap this paper aims to address. The main method of research has been primary, traveling to these countries and engaging in conversations with various stakeholders about their industry’s supply chain and the problems and opportunities therein. Overall this paper finds that the integration of blockchain to ...


The Tax Cuts And Jobs Act’S Incorporation “Incentive”, Michael S. Knoll Oct 2019

The Tax Cuts And Jobs Act’S Incorporation “Incentive”, Michael S. Knoll

Wharton Public Policy Initiative Issue Briefs

Many observers have asserted that the reduced corporate tax rate instituted by the 2017 Tax Cuts and Jobs Act (TCJA) has transformed entity choice for business owners, incentivizing owners of businesses structured as sole proprietorships or passthrough entities to incorporate their businesses and to use these new corporations as pocketbook investment vehicles to invest in and hold portfolio investments, substantially reducing wealthy individuals’ tax obligations and Treasury’s tax collections. This brief offers a different view, and discusses why predictions of widespread conversions to the corporate form at a substantial cost to the fiscal position of the U.S. are ...


Overview Of Drug Development, Nalaka Gooneratne Oct 2019

Overview Of Drug Development, Nalaka Gooneratne

Academic Entrepreneurship for Medical and Health Scientists

  • Drug development costs range from $2 to $3 billion and may span from 7 to 12 years.

  • Beginning with drug discovery, key steps in the process include preclinical testing, Phase 1–3 clinical trials, FDA New Drug Application (NDA) approval, and subsequent Phase 4 clinical research.

  • Academic entrepreneurs should understand the unique needs of each phase and their potential role in the process, as well as the services their academic medical center can provide.


Clinical And Translational Science Awards, Barbara Coons, Nalaka Gooneratne Oct 2019

Clinical And Translational Science Awards, Barbara Coons, Nalaka Gooneratne

Academic Entrepreneurship for Medical and Health Scientists

  • Clinical and Translational Science Awards (CTSA) are large federal grants provided to an academic institution that support education and infrastructure relevant to translational science.

  • CTSA site services, training, and pilot grant funding can benefit researchers at any stage of their career, from trainees to faculty.

  • While all CTSA-funded programs offer support for research and training, the focus and services offered vary by institution.


Intrapreneurship: Strategic Approaches For Managing Disruptive Innovation In Clinical And Research Projects, Amanda Ackermann, Flaura Winston Oct 2019

Intrapreneurship: Strategic Approaches For Managing Disruptive Innovation In Clinical And Research Projects, Amanda Ackermann, Flaura Winston

Academic Entrepreneurship for Medical and Health Scientists

  • Academic research and intrapreneurship share many similarities with entrepreneurship but take place within a larger organization.

  • Academic innovation depends on creative problem-solving, risk-taking, and resiliency.

  • Personal and financial resiliency are important attributes of a successful academic entrepreneur and can be cultivated through strategic planning.

  • An organization’s culture of support for innovation, tolerance for failure, and financial resiliency all contribute to promoting the success of academic entrepreneurs.


Preclinical Animal Models, Sunghee E. Park, Thomas P. Schaer Oct 2019

Preclinical Animal Models, Sunghee E. Park, Thomas P. Schaer

Academic Entrepreneurship for Medical and Health Scientists

  • Animal models can support and develop medical product development during the nonclinical phase.

  • Well-designed animal models can address regulatory safety concerns and can provide further de-risking during product validation.

  • Assessing minimum viable products and prototypes in animal models can improve quality assurance and compliance structure.

  • Developing a roadmap for product innovation strategies (regulatory, reimbursement) is essential in order to avoid unnecessary preclinical testing.

  • Involving end users in product development is critical for the success of the medical device in the market.

  • Animal studies can provide insight and value in the preparation of the regulatory submission.


Innate Biases, Elana Meer Oct 2019

Innate Biases, Elana Meer

Academic Entrepreneurship for Medical and Health Scientists

  • Entrepreneurs face a host of innate biases that inhibit their ability to make optimal and objective decisions under conditions of uncertainty.

  • Biases include overconfidence bias, illusion of control bias, anchoring and adjustment bias, confirmation bias, curse of knowledge bias, and optimism bias.

  • Through awareness, collaboration and inquiry, open discussion, and the deliberate challenging of consensus, entrepreneurs can mitigate these innate biases.


Digital Health: Software As A Medical Device, Mauricio Novelo, Nalaka Gooneratne, James Weimer Sep 2019

Digital Health: Software As A Medical Device, Mauricio Novelo, Nalaka Gooneratne, James Weimer

Academic Entrepreneurship for Medical and Health Scientists

  • Software, such as mobile device apps or telemedicine, creates exciting new opportunities for patient engagement and for improving healthcare.

  • There are three main types of mobile apps: native, web, and hybrid.

  • The wireless technologies in smartphones and wearable sensors, such as smartwatches, offer the potential for additional biometric data collection.

  • HIPAA compliance requires multiple levels of oversight and auditing.

  • The software development costs for healthcare are considerably higher than for consumer-oriented products due to FDA regulatory requirements; testing out proof-of-concept through low-cost alternatives is an important development strategy.


Strategic Planning And Costs Of Fda Regulation, Jason Van Batavia, Seth J. Goldenberg Sep 2019

Strategic Planning And Costs Of Fda Regulation, Jason Van Batavia, Seth J. Goldenberg

Academic Entrepreneurship for Medical and Health Scientists

  • The regulatory burden for medical device innovation varies based on the specific Food and Drug Administration (FDA) pathway required, and early strategic planning for this regu­latory burden is critical.

  • The regulatory strategy and milestones must be integrated with other key components of the innovation process and informed by an understanding of and/or direct communication with all the stakeholders involved, including the customer, engineering/manufacturing team, research and development team, safety/regulatory bodies, the potential payers, and investors.

  • While it is almost never too early to initiate contact with the FDA, inquiries through 513(g) petitions or pre-submission meetings ...