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Full-Text Articles in Business

Failed Anti-Activist Legislation: The Curious Case Of The Brokaw Act, Alon Brav, J.B. Heaton, Jonathan Zandberg Dec 2018

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 state regulation. In ...


How Gender Norms Impact Women's Access To Financial Inclusion, Caitlyn Goodman Dec 2018

How Gender Norms Impact Women's Access To Financial Inclusion, Caitlyn Goodman

Economics Undergraduate Honors Theses

The purpose of this paper is to determine if there is a relationship between gender norms and women's access to financial resources. Using data from the World Bank and the World Values Survey, I use a linear regression model to assess how attitudes toward education, jobs, and over-all equal rights impact women's account ownership.


Discussion Of The Potential Of Blockchain In Finance, Andrew Kincaid Dec 2018

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 ...


Bankruptcy For Banks: A Tribute (And Little Plea) To Jay Westbrook, David A. Skeel Jr. Oct 2018

Bankruptcy For Banks: A Tribute (And Little Plea) To Jay Westbrook, David A. Skeel Jr.

Faculty Scholarship at Penn Law

In this brief essay, to be included in a book celebrating the work of Jay Westbrook, I begin by surveying Jay’s wide-ranging contributions to bankruptcy scholarship. Jay’s functional analysis has had a profound effect on scholars’ understanding of key issues in domestic bankruptcy law, and Jay has been the leading scholarly figure on cross-border insolvency. After surveying Jay’s influence, I turn to the topic at hand: a proposed reform that would facilitate the use of bankruptcy to resolve the financial distress of large financial institutions. Jay has been a strong critic of this legislation, arguing that financial ...


Sustainable Leadership And The Relationship To Profitability In U.S. Banking Institutions, Kendra Harvey Sep 2018

Sustainable Leadership And The Relationship To Profitability In U.S. Banking Institutions, Kendra Harvey

Doctoral Dissertations and Projects

This study examined if sustainable leadership in U.S. banking institutions had a statistical correlation to profitability between the period of 2008 and 2017. The problem addressed was the impact of sustainable leadership on the profitability of banking institutions in the U.S. was not known. The study was significant because of the increased amount of pressure within the financial sector to increase long-term stability while maintaining profitability. The research applied a quantitative correlational study to conduct the research. The study found there was no statistically significant correlation between net income or market value but did find a positive correlation ...


Money Can’T Buy Happiness - But It Can Fund A Secure Retirement, Robyn A. Friedman Jul 2018

Money Can’T Buy Happiness - But It Can Fund A Secure Retirement, Robyn A. Friedman

In the News

When you think about your retirement, what do you envision? Traveling the world? Spending time with kids and grandkids? Lying on a secluded beach sipping a piña colada?


Connections, The American College Of Financial Services Jul 2018

Connections, The American College Of Financial Services

Connections

Volume 2

Issue 9


Connections, The American College Of Financial Services Jun 2018

Connections, The American College Of Financial Services

Connections

Volume 2

Issue 8


Letter From The Editors, Daniel Wright, Matthew Farrell, Lera Covington May 2018

Letter From The Editors, Daniel Wright, Matthew Farrell, Lera Covington

Cornell Real Estate Review

The Editorial Board of the Cornell Real Estate Review is pleased to present Volume 16 (2018). The Review is a student run publication under the direction of the Baker Program in Real Estate founded as a forum for faculty, professionals, and real estate students to focus attention on current issues in the real estate industry. The Review focuses on the interdisciplinary nature of real estate, blending informative articles on real estate practice with application-based academic research. The Review covers a broad range of issues from the various real estate disciplines including design, business economics, engineering, finance, law, planning, development, marketing ...


A Financial Epidemic: How Financial Literacy Affects College Students’ Financial Management Practices And The Debt Crisis In America, Mikala Styles May 2018

A Financial Epidemic: How Financial Literacy Affects College Students’ Financial Management Practices And The Debt Crisis In America, Mikala Styles

Undergraduate Honors Theses

Debt levels are rising significantly in America. More and more people are accumulating debt in the forms of mortgages, student loans, credit cards, and car loans. Basic financial principles such as saving, budgeting, investing, and paying bills are not being utilized consistently by the average individual. This is because of financial illiteracy. The vast majority of Americans do not have the basic knowledge and understanding of these financial concepts to adequately put them into practice in their daily lives. This study focuses on the levels of college students’ financial literacy, how that pertains to the rising debt crisis, and explores ...


A Comparative Analysis Of Personal Financial Literacy, Connor Davey May 2018

A Comparative Analysis Of Personal Financial Literacy, Connor Davey

Finance Undergraduate Honors Theses

The purpose of this thesis is to provide a comparative analysis of the financial state of modern American college graduates to similar groups of graduates. From this comparative analysis, we can see which aspects of Personal Financial Literacy need to be emphasized to achieve success as a new college graduate. First, a comparison was made between modern American graduates and American graduates from Generation X. It was found that modern graduates have just slightly more student loan debt than Gen X graduates, despite having significantly higher tuition rates. This debt amount, over time, would not be a huge concern for ...


Fintech Industrial Banks And Beyond: How Banking Innovations Affect The Federal Safety Net, Cinar Oney Apr 2018

Fintech Industrial Banks And Beyond: How Banking Innovations Affect The Federal Safety Net, Cinar Oney

Fordham Journal of Corporate & Financial Law

The FinTech industry has been utilizing technological innovations to provide services traditionally offered by the banking and financial industry. Until now, many FinTech firms engaging in these activities had non-bank state licenses. The uncertainties surrounding their current business models and the desire to expand the operations led some of these firms to apply for industrial bank charters. An industrial bank charter is one of the few ways for a commercial firm to control a depository institution and allows FinTech firms to retain their technological investments that are not directly related to banking. However, access of these industrial banks to the ...


Best Practices For Financial Success In The Nonprofit Sector, Zach Mckenzie, Benjamin Hendricks, Emily Foskey, Michelle Baria, Gabriel Walker Apr 2018

Best Practices For Financial Success In The Nonprofit Sector, Zach Mckenzie, Benjamin Hendricks, Emily Foskey, Michelle Baria, Gabriel Walker

FHSS Mentored Research Conference

With the recent upturn in economic success over the past year, United States citizens are becoming more and more poised to contribute to nonprofits and philanthropic causes. The aim of this project was to establish the best practices for financial success in the nonprofit sector as nonprofits look for an increase of funding from this philanthropic surge. Using ratio and environmental analysis, we found several best practices that can be applied to other organizations.


Connections, The American College Of Financial Services Apr 2018

Connections, The American College Of Financial Services

Connections

Volume 2

Issue 6


Connections, The American College Of Financial Services Mar 2018

Connections, The American College Of Financial Services

Connections

Volume 2

Issue 5


Connections, The American College Of Financial Services Feb 2018

Connections, The American College Of Financial Services

Connections

Volume 2

Issue 4


Thinking Finance - The Comic Book, Dimitrios V. Siskos Jan 2018

Thinking Finance - The Comic Book, Dimitrios V. Siskos

Publications

Thinking financially results in the best possible outcome and establishes a secure foundation for the future as an independent man. In contrast, thinking emotionally leads to short-sighted financial decisions and usually, deep regrets. However, thinking financially is not pleasant for the people around us. This comic book presents a guy, whose dream is to become an accountant. When he finally succeeds in this, he realizes that thinking financially may be effective for his boss but it is irritating for everyone else, even for his family.


University Of North Texas Health Science Center Texas Government Code, 2018 Section 659.026 Report, University Of North Texas Health Science Center At Fort Worth Jan 2018

University Of North Texas Health Science Center Texas Government Code, 2018 Section 659.026 Report, University Of North Texas Health Science Center At Fort Worth

Office of Finance

No abstract provided.


Millennial Attitudes Towards Financial Advisors And Emerging Investment Technologies, Joseph Robillard Jan 2018

Millennial Attitudes Towards Financial Advisors And Emerging Investment Technologies, Joseph Robillard

Wharton Research Scholars

The Millennial cohort has been subject to many generalities regarding their behaviors and preferences when considering investing their wealth. Through use of a factor analysis and k-means cluster segmentation, five distinct clusters of potential investors emerged, each unique in their activity (or lack thereof) towards their portfolios, as well as their desired investment horizon. These clusters further differed in their desire for a traditional financial advisor as opposed to emerging investment algorithms; namely, Cluster 2 prefers the conjunction of an experienced advisor with advanced algorithms as opposed to exclusive use of either option. Further, regarding degrees of control, each Cluster ...


Strategic Financial Management, Fina-475, Roberto Stein Jan 2018

Strategic Financial Management, Fina-475, Roberto Stein

UNL Faculty Course Portfolios

Strategic Financial Management is the new, case-based capstone course of the Finance Major at the UNL College of Business. Introduced in the Fall 2016 Term, it has since been revised and is being continually updated, to better achieve the its academic goals. In this portfolio, I describe the course’s overall structure, goals and main components. I then detail a number of changes made for the Spring 2018 version of the course, and proceed to analyze data pertaining to the outcomes observed from these changes. Finally, I outline potential strategies and further changes that might be implemented in future iterations ...


The Influences Of Locus Of Control, Debt Overhang, And Framing On Saving For Retirement, Patrick Ilcin Jan 2018

The Influences Of Locus Of Control, Debt Overhang, And Framing On Saving For Retirement, Patrick Ilcin

Undergraduate Honors Thesis Collection

This study evaluates locus of control, debt overhang, and framing effects as potential drivers of retirement savings decisions. We use a hypothetical scenario administered through an online survey to analyze how much an individual will save for retirement. The study finds that individuals who measure as having an external locus of control (based off the Rotter I-E scale), contribute significantly less to their retirement savings than individuals with an internal locus of control. Interestingly, this study finds no significant relationship between debt overhang and initial contributions. To measure framing effects, participants were given the choice to change their initial contribution ...


Do President Trump’S Tweets Increase Uncertainty In The Us Economy?, Michael Simpson Jan 2018

Do President Trump’S Tweets Increase Uncertainty In The Us Economy?, Michael Simpson

Honors Theses and Capstones

When President Trump tweets, does it change uncertainty in the economy? This study gathers President Trump’s tweets off his twitter accounts from October 2016 to October 2017 and classifies each of them as either negative (expected to increase uncertainty), positive (expected to decrease uncertainty) or neutral (no effect expected on uncertainty). I find that tweets with a negative sentiment were followed by an increase in uncertainty in the VIX and S&P 500 1 and 2 minutes after the tweet. Similar results were found for positive tweets. Non-neutral tweets increase trading volume in the VIX and S&P 500 ...


The Department Of Labor Fiduciary Rule: How Will It Affect Financial Advisors And Their Clients?, Claire Hawkes Jan 2018

The Department Of Labor Fiduciary Rule: How Will It Affect Financial Advisors And Their Clients?, Claire Hawkes

Honors Theses and Capstones

No abstract provided.


Returns To Buying Winners And Selling Losers: A Look At Cryptocurrencies, Daniel Walker Jan 2018

Returns To Buying Winners And Selling Losers: A Look At Cryptocurrencies, Daniel Walker

CMC Senior Theses

This paper is, to my knowledge, one of the first ever to examine the effectiveness of price momentum trading strategies applied to cryptocurrencies. Using aggregate OHLCV (Open, High, Low, Close, Volume) data on cryptocurrency pairs from Poloniex, Bittrex, and Bitfinex, I apply Jegadeesh and Titman’s classic -month/-month momentum trading strategy, reporting annual returns with and without incorporating trading fees. Portfolios are resampled daily, weekly, and monthly, testing lookback and holding periods ranging from one day to one year. The results show that trading cryptocurrencies using momentum strategies derives returns that rapidly increase the more often portfolios are resampled ...


Out-Of-Pocket Cost For Individuals Being Treated For Opioid Dependence In Rutland County, Vermont, Christopher T. Veal Jan 2018

Out-Of-Pocket Cost For Individuals Being Treated For Opioid Dependence In Rutland County, Vermont, Christopher T. Veal

Family Medicine Clerkship Student Projects

Each day more than 140 Americans die from drug overdoses, 91 specifically due to opioids. In Vermont, more than 50 people die each year from opioid poisoning. With insurance coverage being a critical component of Opioid Dependence Recovery, many people seeking treatment are unaware of the financial barriers to recovery- namely the out-of-pocket costs associated with treatment. This study sought to provide insight on the financial impact of Opioid Dependence Treatment on the patient, and provide financial assistance information to the Rutland County community.


Finance Day At Ua, Shelby Amatangelo Jan 2018

Finance Day At Ua, Shelby Amatangelo

Williams Honors College, Honors Research Projects

Financial stability cannot be built overnight. It takes years of working, saving, investing and planning to develop and maintain financial stability. However, one poor financial decision can destroy a person’s financial stability that they spent years creating. Over 25% of high school students believe that they will be unprepared to manage their finances upon high school graduation (Cooley, 2013). While 43 states require that K-12 standards in financial literacy, only 35 of them are required to be implemented (Heath, 2016). Furthermore, only 17 states require that a high school course in personal finance be taken to graduate and only ...


Pre-Management? How To Best Prepare: A Brief Overview For Potential Accounting, Finance, And Information Systems Students, Ammon Kou Dec 2017

Pre-Management? How To Best Prepare: A Brief Overview For Potential Accounting, Finance, And Information Systems Students, Ammon Kou

Marriott Student Review

Many pre-management students are curious about the accounting, finance, and information systems majors offered at BYU. This article features an overview of each major and how best to prepare for those majors’ programs.


Unexpected Connections: Full Issue Of Volume 1, Issue 3, Marianna E. Richardson Dec 2017

Unexpected Connections: Full Issue Of Volume 1, Issue 3, Marianna E. Richardson

Marriott Student Review

Unexpected Connections is the Fall 2017 Issue of Marriott Student Review.


The Retainer-Based Model Of Financial Planning, Savannah Stone Dec 2017

The Retainer-Based Model Of Financial Planning, Savannah Stone

Honors College Capstone Experience/Thesis Projects

Through attending my classes and working part-time at a financial planning firm, I have learned about many different types of compensation for financial planners, the most common being commissions and fees. Western Kentucky University allowed me to travel to San Diego in January of 2017 to attend the TD Ameritrade LINC 2017 conference, and it was there that I was introduced to the concept of a monthly retainer model of compensation. This grabbed my attention because it was a relatively new and unusual form of payment for financial planning services. Through curiosity, this topic encouraged my study of the past ...


Venture Capital Contract Design: An Empirical Analysis Of The Connection Between Bargaining Power And Venture Financing Contract Terms, Spencer Williams Dec 2017

Venture Capital Contract Design: An Empirical Analysis Of The Connection Between Bargaining Power And Venture Financing Contract Terms, Spencer Williams

Fordham Journal of Corporate & Financial Law

This Article presents an empirical analysis of the connection between bargaining power and contract design using an original dataset of over 5,500 equity and debt venture financings from 2004–2015. Using the total supply of venture capital in the U.S. as a measure of relative bargaining power between entrepreneurs and investors, this Article finds that venture capital supply has a statistically significant relationship with price and non-price terms in both equity and debt financings. These results contradict one of three theoretical accounts of bargaining power and support the other two.