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Selected Works

Thomas D Berry

Articles 1 - 23 of 23

Full-Text Articles in Finance and Financial Management

Success In Gateway Courses: What Matters And What Can We Do?, Thomas D. Berry, Lori Cook, Nancy Hill, Kevin Stevens Dec 2012

Success In Gateway Courses: What Matters And What Can We Do?, Thomas D. Berry, Lori Cook, Nancy Hill, Kevin Stevens

Thomas D Berry

No abstract provided.

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Learning Style Differences Between Students And Facultyo Title, Thomas D. Berry, Amber Settle Dec 2008

Learning Style Differences Between Students And Facultyo Title, Thomas D. Berry, Amber Settle

Thomas D Berry

Learning styles refers to the different ways that people process and retain information. Our interest is in discerning differences in learning styles between faculty and students. Just as students vary in learning styles, instructors differ in the methods they use to convey information. Any disconnect between the learning styles of instructors (and hence the methods used to teach material) and the predominant learning styles of the students may result in greater learning difficulties for students. We test the learning styles of three groups: students in the introductory finance course, finance majors, and finance faculty. Significant differences are found between each …

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Pre-Test Assessment, Thomas D. Berry May 2008

Pre-Test Assessment, Thomas D. Berry

Thomas D Berry

Pre-tests are a non-graded assessment tool used to determine pre-existing subject knowledge. Typically pre-tests are administered prior to a course to determine knowledge baseline, but here they are used to test students prior to topical material coverage throughout the course. While counterintuitive, the pre-tests cover material the student is not expected to know, but serve as a motivational tool and a road map for the students, resulting in improved course performance.

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Trust And Investments Across Cultures, Thomas D. Berry, Omur Suer Feb 2008

Trust And Investments Across Cultures, Thomas D. Berry, Omur Suer

Thomas D Berry

This study uses survey data to examine notions of trust relative to investments and perceived risk. Rather than using nation cross-sectional household survey data we target a specific group across four distinct cultures. We survey graduate business students in four countries (Turkey, Bahrain, Czech Republic, and the USA). We attempt to gauge investor perceptions about trust and the potential impact of trust on equity investing. The groups are fairly homogeneous in terms of education and relative social and economic status leaving cultural differences as the main source of observed response differences.

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Pre-Test Assessment In The Introductory Finance Course, Thomas D. Berry Dec 2006

Pre-Test Assessment In The Introductory Finance Course, Thomas D. Berry

Thomas D Berry

The paper tests whether pre-tests, a non-graded assessment tool, can be used to improve student performance in the introductory corporate finance course. These pre-tests are essentially quizzes, but given on the material prior to it being covered in the class. The results confirm that the pre-tests improve student performance but that some issues remain which may hinder their implementation

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Closed End Fund Discounts As Sentiment Indicies, Thomas Berry Dec 2005

Closed End Fund Discounts As Sentiment Indicies, Thomas Berry

Thomas D Berry

No abstract provided.

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The Disposition Effect And Individual Investor Decisions: The Role Of Regret And Counterfactual Alternatives, Thomas Berry, Suzanne Fogel Dec 2005

The Disposition Effect And Individual Investor Decisions: The Role Of Regret And Counterfactual Alternatives, Thomas Berry, Suzanne Fogel

Thomas D Berry

Recent studies have documented a strong tendency for individual investors to delay realizing capital losses, while realizing gains prematurely (Odean [1996], Shefrin and Statman [1985], Weber and Camerer [1996]). This tendency has been termed the “disposition effect.” The disposition effect is inconsistent with normative approaches to stock sales, such as those based on tax losses (see, for example, Constantinides [1983]). We surveyed individual investors, and found that more respondents reported regret about holding on to a losing stock too long than about selling a winning stock too soon. This finding suggests that individual investors are consistently engaging in behavior that …

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Private Information And Market Movements: New Evidence From The Wednesday Closings Of 1968, Thomas Berry Dec 2004

Private Information And Market Movements: New Evidence From The Wednesday Closings Of 1968, Thomas Berry

Thomas D Berry

No abstract provided.

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The Fasbs Concepts Statement On Cash Flows And Present Value, Stanley Martens, Thomas D. Berry Dec 2002

The Fasbs Concepts Statement On Cash Flows And Present Value, Stanley Martens, Thomas D. Berry

Thomas D Berry

In February 2000, the Financial Accounting Standards Board (FASB) issued Statement of Financial Accounting Concepts No. 7, Using Cash Flow Information and Present Value in Accounting Measurements.  In this document the FASB asserts without proof that a present value computation along its lines will provide a good estimate of the fair value of an asset or liability.  Using numerical examples provided by the FASB, we attempt to construct arguments in support of the FASB’s claim.  We find that such arguments require strong and not at all obvious assumptions about players in hypothetical markets.

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Public Information Arrival, Thomas Berry, Keith Howe Aug 1994

Public Information Arrival, Thomas Berry, Keith Howe

Thomas D Berry

The authors develop a measure of public information flow to financial markets and use it to document the patterns of information arrival, with an emphasis on the intraday flows. The measure is the number of news releases by Reuter's News Service per unit of time. The authors find that public information arrival is nonconstant, displaying seasonalities and distinct intraday patterns. Next they relate their measure of public information to aggregate measures of intraday market activity. The authors' results suggest a positive, moderate relationship between public information and trading volume but an insignificant relationship with price volatility. Copyright 1994 by American …

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A Multi-State Analysis Of The Tjtc, Thomas Berry, Julia Lane Dec 1988

A Multi-State Analysis Of The Tjtc, Thomas Berry, Julia Lane

Thomas D Berry

No abstract provided.

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Risk-Return And The Relative Pricing Of Darp, Thomas Berry, John Houston Dec 1987

Risk-Return And The Relative Pricing Of Darp, Thomas Berry, John Houston

Thomas D Berry

No abstract provided.

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Some Guidelines For Assessing The Size Of Lack-Of-Marketability Discounts, Thomas Berry, Don Shannon Dec 1987

Some Guidelines For Assessing The Size Of Lack-Of-Marketability Discounts, Thomas Berry, Don Shannon

Thomas D Berry

No abstract provided.

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The Leverage Problem In The Valuation Of Privately Held Firms, Thomas D. Berry, John Houston Dec 1986

The Leverage Problem In The Valuation Of Privately Held Firms, Thomas D. Berry, John Houston

Thomas D Berry

No abstract provided.

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A Survey Of Introductory Financial Managment Courses, Thomas Berry, Edward Farragher Dec 1985

A Survey Of Introductory Financial Managment Courses, Thomas Berry, Edward Farragher

Thomas D Berry

No abstract provided.

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The Relationship Of Corporate Policy Decisions And Financial Leverage: An Empirical Analysis, Thomas Berry, John Houston Dec 1984

The Relationship Of Corporate Policy Decisions And Financial Leverage: An Empirical Analysis, Thomas Berry, John Houston

Thomas D Berry

No abstract provided.

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The Impact Of Federal Tax Changes Of The Cost Of Debt For State And Local Governments, Thomas Berry, Edward Farragher Dec 1984

The Impact Of Federal Tax Changes Of The Cost Of Debt For State And Local Governments, Thomas Berry, Edward Farragher

Thomas D Berry

No abstract provided.

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Fnma Mortgage Commitments As Put Options: An Empirical Examination, Thomas Berry, Adam Gehr Dec 1984

Fnma Mortgage Commitments As Put Options: An Empirical Examination, Thomas Berry, Adam Gehr

Thomas D Berry

The Federal National Mortgage Association (FNMA) auctions commitments to purchase mortgages. An examination of the terms of the commitment contract shows that these commitments are actually put options on mortgages. The contract is unusual, however, in that the price of the commitment is a fixed percentage of the value of the mortgages. In the auction, the dealers effectively bid the exercise price at which they would be willing to pay the fixed commitment price. In this paper, we study the economics of the FNMA auction. We use a two-state approximation to the American put pricing model for interest-dependent securities to …

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State Variation In The Targeted Jobs Tax Credit Program, Thomas Berry, Julie Lane Dec 1984

State Variation In The Targeted Jobs Tax Credit Program, Thomas Berry, Julie Lane

Thomas D Berry

No abstract provided.

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A Short-Run Model Of Regional Housing Demand, Thomas Berry Dec 1983

A Short-Run Model Of Regional Housing Demand, Thomas Berry

Thomas D Berry

No abstract provided.

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Fnma Auction Results As A Forecaster Of Residential Mortgage Yields, Thomas Berry, Adam Gehr Jan 1983

Fnma Auction Results As A Forecaster Of Residential Mortgage Yields, Thomas Berry, Adam Gehr

Thomas D Berry

No abstract provided.

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An Alternative Methodology For Developing Certainty Equivalents, Thomas Berry, Bill Poppie Dec 1982

An Alternative Methodology For Developing Certainty Equivalents, Thomas Berry, Bill Poppie

Thomas D Berry

No abstract provided.

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The Choice Of Money Market Fund, Thomas Berry Apr 1982

The Choice Of Money Market Fund, Thomas Berry

Thomas D Berry

No abstract provided.

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