Business Commons^™

Market Study And Economic Impact Analysis Over The Proposed Kearney Whitewater Parks, Daniel Zavadil

Undergraduate Research Journal

A whitewater park is an alteration of a streambed to produce whitewater waves and rapids. These parks are becoming a popular development feature in communities that have existing waterways and rivers. The City of Kearney has two waterways under consideration with suitable hydrology requirements for an operational whitewater park. Understanding the market feasibility and the economic impact provided by a whitewater park is important information to have available for project stakeholders and contributors which created the need for this study. Through this research, comparable park economic impact studies and regional market sentiments were analyzed to quantify the relative economic benefits …

Walmart Impact On The Finance And Insurance Industry, Steven C. Hall, Suzanne K. Hayes, Laurie Swinney

Mountain Plains Journal of Business and Technology

Purpose

This paper investigates the effect of Walmart presence on professional service firms within the finance and insurance sector. This paper also discusses the finance and insurance industry’s place within the Walmart ripple effect—changed retail sector leads to changed professional support services resulting in altered levels of social capital within the community.

Design/Methodology

The study uses county-level data from the state of Nebraska to examine the relationship between cumulative Walmart exposure and the number of firms, number of employees, and payroll levels within the finance and insurance (F&I) sector. These same variables are also investigated within two specific F&I industries—insurance …

Why Pecking Order Theory Should Be Included In Introductory Finance Courses, Thomas J. Liesz

Mountain Plains Journal of Business and Technology

The majority of students majoring in various business administration emphases take only one finance course (Introductory Financial Management) while completing the requirements of their degrees. A primary topic commonly covered in most introductory finance courses is capital structure, with a discussion that often culminates with a discussion of optimal capital structure. Invariably the leading textbooks present optimal capital structure within the framework of the agency cost/tax shield trade-off model that evolved from Modigliani and Miller’s capital structure irrelevance hypothesis. While this approach has solid grounding in value maximization arguments and capital market equilibrium theory, it nonetheless fails to explain several …