Finance and Financial Management Commons^™

2018 University Of Maine System Financial Report, University Of Maine System

General University of Maine Publications

The Management’s Discussion and Analysis (MD&A) provides a broad overview of the University of Maine System’s (“the System” or UMS) financial condition as of June 30, 2018 and 2017, the results of its operations for the years then ended, significant changes from the previous years, and outlook for the future where appropriate and relevant. Management has prepared the financial statements and related note disclosures along with this MD&A. The MD&A should be read in conjunction with the accompanying basic financial statements and related notes.

Identifying Individual Motivations Of Nonprofit Volunteers In The Human Services Field With A Study Of The National Red Cross Organization, Taylor Tyrrell

Honors College

The purpose of this paper is to identify individual motivations of volunteers in the human services nonprofit field. A literature review was conducted looking into the main functions of motivation, as well as relationships between demographic characteristics and the likelihood of volunteering. Then, a case study was completed on the local Red Cross branch in Bangor, Maine. Interviews were done within the organization in addition to data collection from their online database. The literature review was then used to predict motivations of volunteers within the Red Cross, as well as to devise predictions and suggestions for better recruitment and retention. …

Effectual Versus Predictive Logics In Entrepreneurial Decision-Making: Differences Between Experts And Novices In The State Of Maine, Rebecca Lynn Hatt

Honors College

This study is a replication of research done by Dew et al. (2009) that aims to confirm that expert entrepreneurs use effectual logic framework as opposed to the casual, or predicitive, logic utilized by novices. In order to test this theory we provided 5 expert entrepreneurs and 5 novices with a case statement that provided information of an imaginary new venture and asked them to think aloud continuously as they solved decision-making problems relevant to this, and any, new venture while we recorded them. We coded the transcriptions of these recordings according to the scheme of the Dew et al. …

Pay For Performance: Do Higher Expense Ratios Of Levered And Inverse Etfs Lead To Lower Tracking Error?, Grant Carrier

Honors College

Levered and inverse Exchange Traded Funds (LETFs) are a recent and controversial innovation in financial engineering. These ETFs set out to achieve daily returns that are a multiple (2x, 3x) or negative multiple (-1x, -2x, -3x) of an underlying index. Since their inception in 2006, research has overwhelmingly concluded that these ETFs fail to meet their stated objectives over long holding periods. However, there has been debate over the causes of this error, and the holding period at which the tracking begins to break down.

This thesis sets out to analyze the relationship between the expense ratios of LETFs and …