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Improving And Monitoring The Microlending Program In Belize, Mark Mccallum
Improving And Monitoring The Microlending Program In Belize, Mark Mccallum
Finance Undergraduate Honors Theses
This paper assesses the Microlending and Cayes to Business Programs within the Community Development in Belize Study Abroad Program at the University of Arkansas. The Microlending Program makes low-interest loans to small businesses primarily in Dangriga, Belize. Recently, the lending activity has expanded and concerns about repayment have increased. This paper proposes various improvements to maintain consistent loan repayment and healthy expansion of the Microlending Program. The most important ideas are to enhance social pressure on the borrowers and improve monitoring in-country after the loans have been disbursed. Cayes to Business, an educational program required for microloan applicants, is also …
Diversifying A Portfolio Using Vix Options, Alec J. Amos
Diversifying A Portfolio Using Vix Options, Alec J. Amos
Finance Undergraduate Honors Theses
Ubiquitous investment strategies often include similar forms of diversification – holding stocks of differing industries, exposed to different business cycles, in order to reduce idiosyncratic risk. During the recession, these strategies failed as the markets fell substantially leaving investors exposed to great amounts of systematic, or “un-diversifiable†risk. Throughout this paper, I will examine the effects of diversifying a portfolio using call options on the CBOE Volatility Index (VIX) to try and alleviate systematic risk from a portfolio, allowing an investor to capitalize from short-term market fluctuations arising from financial, economic, and geopolitical risks.
A Relook At The Turn Of The Month Anomaly, Ryan Joseph Marchewka
A Relook At The Turn Of The Month Anomaly, Ryan Joseph Marchewka
Finance Undergraduate Honors Theses
This paper seeks to research the turn-of-the-month anomaly in the stock market. Prior studies have covered the anomaly’s effect from 1962-2004. This study continues on the work of past research while also testing to find a shift backwards to the end of the month due to market timers anticipation of the anomaly. Empirical analysis is conducted using CRSP data of value and equal weighted market indexes along with historical returns of the S&P 500 from the Wharton Data Research Institute. Findings show that there is continued evidence of the anomaly in recent years (2005-2014), and there is subtle evidence of …
The Current State Of Financial Literacy Of University Of Arkansas Students: 2014, Stacia Tianne Baughman
The Current State Of Financial Literacy Of University Of Arkansas Students: 2014, Stacia Tianne Baughman
Finance Undergraduate Honors Theses
In light of recent events in the global economy, more attention has been given to the subject of personal financial management. With a sluggish economy, rising student debt levels, increasing attention and concern, universities are considering if something should be done in an attempt to make students more financially literate. In order to better understand the current level of financial literacy, a survey of students at the University of Arkansas was conducted and compared to the same national survey conducted by Jump$tart. University of Arkansas students were found to have slightly lower levels of financial literacy than their national counterparts …
The Financial Crisis Was Good For Something: Improved Nonprofit Efficiency, Caitlin Paige Britt
The Financial Crisis Was Good For Something: Improved Nonprofit Efficiency, Caitlin Paige Britt
Finance Undergraduate Honors Theses
This study explores the need for financial performance measures in the nonprofit sector and the impact the 2008-2009 Financial Crisis had upon nonprofits’ efficiency. This analysis tests the hypothesis that the financial crisis actually improved nonprofit efficiency by forcing nonprofits to eliminate unnecessary costs, continue to produce their services, thus improving operational efficiency, despite decreased donor contributions and increased user need. Entries reported on nonprofits’ IRS 990 forms from 2003-2010 determined whether nonprofit efficiency was significantly different after the crisis. The efficiencies used to measure the impact of the Financial Crisis include: Program Expense Efficiency, Administrative Expense Efficiency, Fundraising Expense …