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Selected Works

2018

Articles 1 - 7 of 7

Full-Text Articles in Finance and Financial Management

Turning Vice Into Virtue: Institutional Work And Professional Misconduct, Elisabeth Brooke Harrington Oct 2018

Turning Vice Into Virtue: Institutional Work And Professional Misconduct, Elisabeth Brooke Harrington

Brooke Harrington

Why do professionals engage in or aid misconduct, rather than rejecting it as a threat to their legitimacy and labor market survival? This paper contributes to the scholarly agenda by drawing on an ethnographic study of professionals who facilitate offshore tax avoidance for the ultra-wealthy. This form of expert advisory work has become highly controversial, and is increasingly classified as a form of professional wrongdoing.  Building on theories of institutional work and categorization, the study theorizes practitioners’ responses to field-level legitimacy threats. Specifically, the paper models a process in which misconduct is re-categorized in terms of the core norms that …

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Haptic Alternatives For Mobile Device Authentication By Older Technology Users, David M. Cook, Kulwinder Kaur Jul 2018

Haptic Alternatives For Mobile Device Authentication By Older Technology Users, David M. Cook, Kulwinder Kaur

Dr. David M Cook

Turing tests are used to secure the human interaction on the Internet. Tests such as CAPTCHA are based on visual or auditory recognition of symbols and are difficult to distinguish by elderly people. A study examining the consistency of a tactile feedback-based Turing test identified an alternative to mainstream tests. This approach examines the vibration-based sensitivity which is detectable through skin surfaces when used to touch the screen of a mobile device. The study concentrated on a range of rough, smooth, sticky and coarse textures as possible differentiators for swipe-based tactile authentication using mobile devices. This study examined the vibration-based …

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Could Decision Trees Help Improve Farm Service Agency Lending Decisions?, Benjamin P. Foster, Jozef Zurada, Douglas K. Barney May 2018

Could Decision Trees Help Improve Farm Service Agency Lending Decisions?, Benjamin P. Foster, Jozef Zurada, Douglas K. Barney

Benjamin Foster

This study examines whether a statistically derived decision tree could serve as a means to improve U.S.A. Farm Service Agency lending decisions. The study is a substantial extension and reanalysis of an earlier work by Barney, Graves and Johnson, (1999). Results indicate that a decision tree could be a valuable tool for Farm Service Agency employees in their lending decisions. The decision tree provides as good or better predictive accuracy than neural networks and logistic regression models at reasonable cutoff levels of Type II to Type I costs of lending. The decision tree also meets the transparency criteria for Farm …

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Economic Fundamentals, Capital Expenditures And Asset Dispositions, Brent Ambrose, Eva Steiner Jan 2018

Economic Fundamentals, Capital Expenditures And Asset Dispositions, Brent Ambrose, Eva Steiner

Eva Steiner

Research on the disposition effect in real assets to date ignores the active management component of these investments. Active management notably includes decisions about follow-up investment in the form of capital expenditures, as well as dispositions. Using a real option framework, we develop testable hypotheses and provide empirical evidence for the relationships between economic fundamentals, capital expenditures, property values, and the subsequent likelihood of sale. Our results shed new light on the evidence for the disposition effect.

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Precarious Paradise: The Financial Well-Being Of Hispanic Immigrant Day Laborers In Malibu, Luisa Blanco, Lila M. Carlsen, Daniel R. Morrison, George Carlsen, Ashley Chaparro, Erick Molina Dec 2017

Precarious Paradise: The Financial Well-Being Of Hispanic Immigrant Day Laborers In Malibu, Luisa Blanco, Lila M. Carlsen, Daniel R. Morrison, George Carlsen, Ashley Chaparro, Erick Molina

Lila McDowell Carlsen

Using a mixed method approach we conducted a study consisting of written surveys, focus groups, and individual interviews with 58 men and women who were seeking employment through the Malibu Community Labor Exchange (MCLE) at the time of the study and were predominantly Hispanic immigrants. A central aim of this study is to develop an understanding of how Spanish-speaking Hispanic immigrant day laborers have fared financially in the aftermath of the economic crisis of 2007-2008. We find in our study that weak labor market conditions and intersecting inequities have led to job insecurity, job scarcity, and wage stagnation among workers …

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Liquidity Policies And Financial Fragility, Danilo Lopomo Beteto Wegner Dec 2017

Liquidity Policies And Financial Fragility, Danilo Lopomo Beteto Wegner

Danilo Lopomo Beteto Wegner

This paper proposes an endogenous model of the formation of financial networks, where government and central bank policies that aim at enhancing market liquidity play a key role. Under these policies, large and less liquid investments become more profitable, but to finance them banks need to resort to the interbank market. This makes the structure of the financial network - and its associated exposure to shocks, i.e., fragility - to be dependent on liquidity policies chosen by the government and central bank. It is shown that, despite increasing the capitalization of the banking system, policies that enhance liquidity can make …

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Between Kinship And Commerce: Fiduciaries And The Institutional Logics Of Family Firms, Elisabeth Brooke Harrington, Vanessa Strike Dec 2017

Between Kinship And Commerce: Fiduciaries And The Institutional Logics Of Family Firms, Elisabeth Brooke Harrington, Vanessa Strike

Brooke Harrington

In this study we explore how the institutions of kinship and commerce are integrated within family businesses.
Previous research shows that family firms’ characteristic synthesis of institutional logics often unravels during
intergenerational successions; however, it remains unclear how this process can be arrested, or by whom. Through
inductive analysis, we offer a novel insight: outside advisors can act as surrogates for family in this integrative
role. Specifically, we identify fiduciaries—professionals with special client obligations—as key actors in preserving
family firms’ viability as commercial enterprises and kinship groups. Our findings contribute to theories of family
businesses, professions, and institutions.

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