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Finance and Financial Management Commons

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Selected Works

2011

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Institution
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Articles 61 - 81 of 81

Full-Text Articles in Finance and Financial Management

Executive Compensation: The Role Of Shari’A Compliance, William Marty Martin, Karen Hunt Ahmed Feb 2011

Executive Compensation: The Role Of Shari’A Compliance, William Marty Martin, Karen Hunt Ahmed

Karen Hunt Ahmed

Abstract Purpose The purpose of this paper is to illuminate issues surrounding executive compensation as it relates to current understandings of Islamic business law. Methodology We review the emerging bodies of literature in the fields of executive compensation and opinions of stock options under Shari’a law. Findings It appears that the trend in offering employee stock options as part of a Shari’a compliant compensation package is acceptable in most cases, yet because of its close association with the more problematic idea of derivative transactions, the company must be vigilant in obtaining the approval from its Shari’a Standards Board before offering …


Executive Compensation: The Role Of Shari’A Compliance, William Marty Martin, Karen Hunt Ahmed Feb 2011

Executive Compensation: The Role Of Shari’A Compliance, William Marty Martin, Karen Hunt Ahmed

William Marty Martin

Abstract Purpose The purpose of this paper is to illuminate issues surrounding executive compensation as it relates to current understandings of Islamic business law. Methodology We review the emerging bodies of literature in the fields of executive compensation and opinions of stock options under Shari’a law. Findings It appears that the trend in offering employee stock options as part of a Shari’a compliant compensation package is acceptable in most cases, yet because of its close association with the more problematic idea of derivative transactions, the company must be vigilant in obtaining the approval from its Shari’a Standards Board before offering …


Resume, Karen Hunt Ahmed Feb 2011

Resume, Karen Hunt Ahmed

Karen Hunt Ahmed

No abstract provided.


Impact Of Human Capital On The Organization Performance, Philadelphia University Feb 2011

Impact Of Human Capital On The Organization Performance, Philadelphia University

Philadelphia University, Jordan

No abstract provided.


Improving Financial Information Literacy In Introduction To Financial Accounting, Anne Kelly, Teresa Williams, Brad S. Matthies, J. Burdeane Orris Feb 2011

Improving Financial Information Literacy In Introduction To Financial Accounting, Anne Kelly, Teresa Williams, Brad S. Matthies, J. Burdeane Orris

Teresa Williams

The motivation for this study came from a desire to improve teaching of the use of accounting information for decision making. The information literacy standards and related performance indicators guided the development of a semester-long case study by accounting faculty and academic business librarians. Their collaboration yielded a series of instruction modules and related student exercises leading up to a group activity involving the evaluation of a company as a potential investment for retirement savings. Students enrolled in two sections of an introductory accounting course volunteered to participate in this study. They provided information about their knowledge before and after …


Improving Financial Information Literacy In Introduction To Financial Accounting, Anne Kelly, Teresa Williams, Brad S. Matthies, J. Burdeane Orris Feb 2011

Improving Financial Information Literacy In Introduction To Financial Accounting, Anne Kelly, Teresa Williams, Brad S. Matthies, J. Burdeane Orris

Anne Kelly

The motivation for this study came from a desire to improve teaching of the use of accounting information for decision making. The information literacy standards and related performance indicators guided the development of a semester-long case study by accounting faculty and academic business librarians. Their collaboration yielded a series of instruction modules and related student exercises leading up to a group activity involving the evaluation of a company as a potential investment for retirement savings. Students enrolled in two sections of an introductory accounting course volunteered to participate in this study. They provided information about their knowledge before and after …


Let Us Spend Our Money On Income Generating Activities Rather Than Liabilities, George E. Ekeha Jan 2011

Let Us Spend Our Money On Income Generating Activities Rather Than Liabilities, George E. Ekeha

George E Ekeha

Many at times as I walk around town, in the cities and the country sides I try to observe how we live our lives in Ghana. In my previous article, I highlight some very important resources that we are endowed with in this country. We all know that those are just but few and we are proud that we have more resources than some of our neighbors in the Sub-Saharan African countries. One of these resources is the human capital. We can be proud of ourselves to have people who think about the necessity of peace in order to enhance …


Business And Non-Profit Organizations Facing Increased Competition And Growing Customers' Demands (Vol. 10), Anna Ujwary-Gil Jan 2011

Business And Non-Profit Organizations Facing Increased Competition And Growing Customers' Demands (Vol. 10), Anna Ujwary-Gil

Anna Ujwary-Gil

The major issues analyzed in the papers referred to: • business and non-profit organizations as an object of scientific research, • business and non-profit organizations in market economy, • modern tools for business and non-profit organizations management • business and non-profit organizations – global and regional aspects, • financial aspects of managing business and non-profit organizations.


Cv, Lorán Chollete Jan 2011

Cv, Lorán Chollete

Lorán Chollete

No abstract provided.


International Diversification: An Extreme Value Approach, Lorán Chollete, Victor De La Peña, Ching-Chih Lu Jan 2011

International Diversification: An Extreme Value Approach, Lorán Chollete, Victor De La Peña, Ching-Chih Lu

Lorán Chollete

No abstract provided.


Desenhando Mercados Do Mundo Real, Joao M. De Mello, Vinicius Carrasco Jan 2011

Desenhando Mercados Do Mundo Real, Joao M. De Mello, Vinicius Carrasco

Joao M De Mello

Vinicius Carrasco e eu entrevistado o Paul Milgrom


Capture In Financial Regulation" Can We Channel It Toward The Common Good?, Lawrence G. Baxter Jan 2011

Capture In Financial Regulation" Can We Channel It Toward The Common Good?, Lawrence G. Baxter

Lawrence G. Baxter

“Regulatory capture” is central to regulatory analysis yet is a troublesome concept. It is difficult to prove and sometimes seems refuted by outcomes unfavorable to powerful interests. Nevertheless, the process of bank regulation and supervision fosters a closeness between regulator and regulated that would seem to be conducive to “capture” or at least to fostering undue sympathy by regulators for the companies they oversee. The influence of very large financial institutions has also become so great that financial regulation appears to have become excessively distorted in favor of these entities and to the detriment of many other legitimate interests, including …


Risk-Averse Market Maker And Supply Of Liquidity, Suren Basov, Xiangkang Yin Jan 2011

Risk-Averse Market Maker And Supply Of Liquidity, Suren Basov, Xiangkang Yin

Suren Basov

In this paper we modify Biais, Martimort, and Rochet (2000) model to allow risk aversion on the side of the market maker. In formulated the model we build on the model of optimal screening by a risk-averse principal, developed by Basov and Yin (2010). We characterize the optimal contract and show that risk aversion on the market maker side increases non-participation range by the agent and the bid-ask spread. Risk aversion also increases trading volumes and decreases market maker profits, decreasing possibilities of potential entry of competing money makers.


A Feast Or Famine Economy: The Bay State’S Robust But Imbalanced Economic Recovery, Michael Goodman, Robert A. Nakosteen Jan 2011

A Feast Or Famine Economy: The Bay State’S Robust But Imbalanced Economic Recovery, Michael Goodman, Robert A. Nakosteen

Robert A Nakosteen

Massachusetts ’ rebound from the recession has outpaced the nation, but the Bay State’s recovery has been skewed. It has been business-led, white collar, and regionally imbalanced.


Economic Currents: Diverging Destinies, Michael Goodman, Robert A. Nakosteen Jan 2011

Economic Currents: Diverging Destinies, Michael Goodman, Robert A. Nakosteen

Robert A Nakosteen

The State’s overall economic recovery masks widening inequality in education, innovation, and incomes, as well as growing regional imbalances.


Regional Differences In Fan Preferences For Minor League Hockey: The Ahl, Rodney Paul, Robert Chatt Jan 2011

Regional Differences In Fan Preferences For Minor League Hockey: The Ahl, Rodney Paul, Robert Chatt

Rodney J. Paul

Regional differences in fan preferences for minor league hockey in the United States are explored using simple linear regression models. The top-level minor league for the NHL, the American Hockey League (AHL), was studied for the 2008-09 season. Key attributes with respect to attendance are studied for hockey including population, income per capita, promotions, scoring, and winning percentage. In addition, a key socio-economic variable, fighting is also investigated. Major differences are found for fan preferences across geographic regions in relation to population, income per capita, a variety of promotions, and team success. In addition, fan reaction to fighting tends to …


Combining Forces: The Joint Defense Agreement In Civil Litigation, Stephen Messer Dec 2010

Combining Forces: The Joint Defense Agreement In Civil Litigation, Stephen Messer

Stephen Messer

From day one of law school aspiring lawyers are taught that information shared in confidence between a lawyer and his client is confidential. Although all lawyers are well aware of this, surprisingly few know that conversations with a client and someone else's lawyer can also be privileged. This is what happens when a joint defense agreement is created; Joint defense agreements extend the attorney client privilege throughout the entire defense camp in cases where multiple defendants and their counsel have common interests in the litigation. This often overlooked, yet highly effective legal strategy may serve as a valuable tool for …


Falling Short: Has The Sec’S Quest To Control Market Manipulation And Abusive Short-Selling Come To An End Or Has It Really Just Begun?, Richard Ramirez Dec 2010

Falling Short: Has The Sec’S Quest To Control Market Manipulation And Abusive Short-Selling Come To An End Or Has It Really Just Begun?, Richard Ramirez

Richard E. Ramirez, J.D. | CFCS

No abstract provided.


Ownership, Bank Organization And Retail Lending In A Low Income Area, Paola Bongini, Laura Nieri, Maria Luisa Di Battista, Simone Rossi Dec 2010

Ownership, Bank Organization And Retail Lending In A Low Income Area, Paola Bongini, Laura Nieri, Maria Luisa Di Battista, Simone Rossi

Paola Bongini

The focus of this study is on the organizational features of banks operating in the South of Italy, namely major Italian banking groups and local independent banks. In our opinion, in order to evaluate the allocative and operational efficiency of the Southern Italian banking system, the issue to be addressed relates to the potential heterogeneous behavior between banks which are “truly local” – i.e. those banks whose real decisional centres are located in the Southern regions – with respect to those banks operating in the South but which have their decisional centres located in the Centre-North of the country (“outer …


The Importance Of Being Known: Relationship Banking And Credit Limits, Atreya Chakraborty Dec 2010

The Importance Of Being Known: Relationship Banking And Credit Limits, Atreya Chakraborty

Atreya Chakraborty

This paper measures the importance of bank-firm relationships in obtaining higher credit “limits.” We use data from a relatively unused section of the National Survey of Small Business Finance (NSSBF, 1993) on credit limits, credit sources, and contract terms for firms with lines of credit from multiple banks. This lets us isolate the credit limit that each bank provides the same firm, eliminating the need to control for often immeasurable, unreliable, or firm-specific “soft” information. For a median Line of Credit (LOC) of $250,000, we find that a bank with a five-year information advantage provides a LOC limit that is …


Yes, Dividends Are Disappearing: Worldwide Evidence, Ali M. Fatemi, Recep Bildik Dec 2010

Yes, Dividends Are Disappearing: Worldwide Evidence, Ali M. Fatemi, Recep Bildik

Ali M Fatemi

This study examines the patterns in payout policies worldwide. Utilizing data from a sample of more than 17,000 companies from 33 different countries, we find evidence in support of a significant worldwide decline in the propensity to pay dividends. Most of the decline is due to the payout policies of smaller and less profitable firms with comparatively more investment opportunities. We find that larger firms, those with higher profitability, and firms with low growth opportunities have a greater propensity to pay dividends. The proportion of dividend payers varies substantially across industries as well. However, the proportion of firms paying dividends …