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Full-Text Articles in Business

The Impact Of Securitization, Bank Liquidity Shocks, And Government Intervention On Lending And Banks' Asset Composition: Evidence From The U.S. 2007-2009 Financial Crisis, Peter V. Egly Dec 2013

The Impact Of Securitization, Bank Liquidity Shocks, And Government Intervention On Lending And Banks' Asset Composition: Evidence From The U.S. 2007-2009 Financial Crisis, Peter V. Egly

Theses and Dissertations - UTB/UTPA

The 2007- 2009 financial crisis creates a new wave of research opportunities in part due to the transformation of the banking system that led to the development of securitized banking that is supported by short term funding sources provided through the money and capital markets. The near collapse of the financial system ultimately led to the ensuing government intervention by the Federal Reserve and the U.S. Treasury department to revive the frail U.S. economy. This dissertation has two basic research objectives: 1) investigate the impact of securitization and the subprime mortgage collapse on bank lending during the crisis and 2) …


The Effect Of Investor Sentiment On Futures Market Returns And Volatility, Kenneth Steven Lovell Aug 2013

The Effect Of Investor Sentiment On Futures Market Returns And Volatility, Kenneth Steven Lovell

Theses and Dissertations - UTB/UTPA

For over thirty years research has been done on investor sentiment and their effects on market returns and volatility. The theory of De Long et al., (1990) has been used to explain the effect of uninformed investor sentiment (also known as noise trader sentiment) on market returns and volatility. Studies of Wang (2003) and Sanders et al. (2003, 2009) in the futures market have found that uninformed investor sentiment does not affect future market returns, which is contrary to De Long et al. (1990). Also previous studies of investor sentiment in the futures market do not seem to investigate the …


Top Management Team Behavioral Integration, Organizational Ambidexterity, And Small Firms' Performance: The Moderating Effect Of Entrepreneurial Orientation, Huy Quang Tran Aug 2013

Top Management Team Behavioral Integration, Organizational Ambidexterity, And Small Firms' Performance: The Moderating Effect Of Entrepreneurial Orientation, Huy Quang Tran

Theses and Dissertations - UTB/UTPA

This dissertation research examines organizational ambidexterity (OA)–a concept first introduced in organizational learning literature and conceptualized as an interaction between exploration and exploitation–and its relationships with a managerial antecedent and an organizational outcome in the context of small businesses. Drawing on strategic choice and upper echelons theory, the present study suggests that top management team (TMT) behavioral integration plays a critical role in managing the interaction between exploration and exploitation. Specifically, this research proposes a positive association between TMT behavioral integration and OA. Furthermore, it suggests that small firms manage the interaction between exploration and exploitation differently depending on their …


Toward Understanding The Subcultural Mosaic: Fragmentation Of The Culture And The Symbiotic Interplay Of The Market And Subcultures, Emre Ulusoy Aug 2013

Toward Understanding The Subcultural Mosaic: Fragmentation Of The Culture And The Symbiotic Interplay Of The Market And Subcultures, Emre Ulusoy

Theses and Dissertations - UTB/UTPA

This study brought to light the need for a more nuanced analysis and approach for understanding the observed tendency toward eclectic, fragmented, and paradoxical subcultures in contemporary society. It was critical to explore the impact of market hegemony and the response of subcultures to this hegemony leading to the development of contemporary subcultural sensibilities. The central purpose of this research was to develop a theory of subculture that accounted for the fragmentation observed in contemporary culture, and how this fragmentation influences subcultures leading to fragmentation within subcultures. To this end, using in-depth interviewing, netnography, and participant observation, I investigated the …


Perceived Creative Partnership: A Consequence Of Music's Social Use, Paul Gennaro Barretta Aug 2013

Perceived Creative Partnership: A Consequence Of Music's Social Use, Paul Gennaro Barretta

Theses and Dissertations - UTB/UTPA

As contemporary consumers interact with one another and the market in a more symbolic manner, the ways music and other products are used are changing. Scholarly research has investigated the use of music in a social manner, mostly in terms of self-identity, and practitioners have explored the sharing of music, particularly with regard to the use of technology. The present research takes a closer look at the social use of music and proposes a consequence that is termed Perceived Creative Partnership; people use music in a social manner in order to achieve a state of being where they feel as …


Essays On The Relationship Between Investor Sentiment And Real Estate Investment Trusts, Daniel Huerta Aug 2013

Essays On The Relationship Between Investor Sentiment And Real Estate Investment Trusts, Daniel Huerta

Theses and Dissertations - UTB/UTPA

Real Estate Investment Trusts (REITs) are federal tax-exempt firms originated in 1960 to allow investors participation in professionally managed real estate to attain greater portfolio diversification. Although REITs are often considered transparent and informationally efficient, extant literature suggests that investor behavioral biases impact their prices and returns. This dissertation examines the relationship between investor sentiment and REITs, contributing to the literature in the following distinct ways. First, I examine the contemporaneous and intertemporal impact of changes in sentiment on REIT returns making a distinction between sentiment derived from large institutional investors and small individual investors. Results suggest that sentiment from …


Innovation-Ict-Cybersecurity: The Triad Relationship And Its Impact On Growth Competitiveness, Manal M. Yunis Aug 2013

Innovation-Ict-Cybersecurity: The Triad Relationship And Its Impact On Growth Competitiveness, Manal M. Yunis

Theses and Dissertations - UTB/UTPA

This study examines the global growth competitiveness of countries using the dynamics of growth, ICT, and innovation. It also introduces a new dynamic, cybersecurity, and argues that within a growth competitiveness framework, ICT, innovation, and cybersecurity mechanisms allow some countries to achieve higher ranks on the competitiveness ladder than others. Based on a theoretical framework that encompasses the economic growth model, the complementarity theory, and the international law theory, a model that integrates ICT, innovation, and cybersecurity, depicts the relationships amongst them and with growth competitiveness, and incorporates complementary factors with possible moderating effect is presented. The model proposed relationships …


Investor Return In Reits: Evidence Of Market Timing And Capacity Constraints, Ekaterina Petrova Damianova May 2013

Investor Return In Reits: Evidence Of Market Timing And Capacity Constraints, Ekaterina Petrova Damianova

Theses and Dissertations - UTB/UTPA

This dissertation studies the returns earned in Real Estate Investment Trusts (REITs) from the point of view of the average investor. Traditional buy-and-hold returns while appropriate as a measure of return for financial asset may not adequately reflect the returns of the average individual investor because they do not take into account the capital flows in and out of an asset. Just as their name suggests, these are the returns one would earn if one buys a financial asset or portfolio at the beginning of a period and holds the investment until the end without making changes to the amount …


Essays On Ceo Networks And Banking, Fang Fang May 2013

Essays On Ceo Networks And Banking, Fang Fang

Theses and Dissertations - UTB/UTPA

This dissertation includes three essays on CEO networks and banking. I built a social networks matrix among the U.S. bank CEOs based on their biographical information. I investigate how social networks of CEOs impact bank risk-taking, bank performance, and bank acquisitions during financial crisis. Essay one, "CEO networks and bank risk taking", investigates the relevance of bank CEO networks to bank risk during the credit crisis of 2008. If social networks provide a CEO an enhanced flow of information, a better understanding of risk embedded in industry innovation, and more accurate marketing timing and forecast, then the expectation is that …


Assessing The Impact Of Conflict-Type On Decision-Effectiveness In Top Management Teams: The Moderating Effect Of Attributions, Emotions, Conflict-Handling Behavior, And The Environment, Kevin J. Hurt May 2013

Assessing The Impact Of Conflict-Type On Decision-Effectiveness In Top Management Teams: The Moderating Effect Of Attributions, Emotions, Conflict-Handling Behavior, And The Environment, Kevin J. Hurt

Theses and Dissertations - UTB/UTPA

Conflict is considered a multi-dimensional concept conveying both constructive and destructive overtones. Within a strategic decision-making team, conflict can have positive and negative effects, which collectively are considered `paradoxical' because they can simultaneously lead to improved group decisions along with decreased member commitment. Decision quality and commitment to the decision are a requisite of high performance; yet, some suggest that these cannot co-exist because of conflict's paradoxical effects in the decision-making process. The early consensus on conflict research suggests that one form of conflict, i.e. cognitive, yields positive effects, whereas another form of conflict, i.e. affective, yields negative results. Not …


Three Essays On Hedge Fund Flows, Regulation, And Economic Geography, Weifang Yang May 2013

Three Essays On Hedge Fund Flows, Regulation, And Economic Geography, Weifang Yang

Theses and Dissertations - UTB/UTPA

Chapter I studies the effect of tax policies (Tax Information Exchange Agreements (TIEAS)) on hedge fund flows and indirectly on hedge fund manager and investor behavior in six tax haven countries. I find that structural changes in both hedge fund dollar flows and net flows occurred in the tax haven countries as a result of TIEAS. I also find that both hedge fund dollar flows and net flows of the countries that signed TIEAS and the countries that did not sign TIEAS increased after their structural break points. Chapter II investigates whether a causal relationship exists between hedge fund flows …