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Full-Text Articles in Finance and Financial Management

Risk Aversion And Former Collegiate Athletes As Financial Investors, Tyler Buccetti May 2012

Risk Aversion And Former Collegiate Athletes As Financial Investors, Tyler Buccetti

Honors Thesis Program in the College of Management

Risk aversion is a concept that tries to understand an individual’s choice, when two options are presented with different levels of risk and reward. This concept can be applied to finance when looking at investors decisions to invest in options with different levels of risk and returns. This study examines if having played a collegiate sport will impact the level of risk aversion an investor has. In order to determine this, an experiment was given to Graduate students working on a Master’s degree in business. The experiment consisted of six different stock options representing different levels of risk. From this …


Sustainability Of Mfis Through Governance Mechanisms: A Cross-Country Analysis Of Regulation On Outreach And Operational Self Sufficiency, Daniel Muwamba Apr 2012

Sustainability Of Mfis Through Governance Mechanisms: A Cross-Country Analysis Of Regulation On Outreach And Operational Self Sufficiency, Daniel Muwamba

Honors Thesis Program in the College of Management

Poverty is an age long problem that has been part of mankind ever since civilization and the fight against poverty is as old. There are many efforts to fight poverty of which microfinance is one. One theory to explain prevalence of poverty especially in the age of capitalism is that poor enterprising people cannot lift themselves out of poverty because they lack capital to develop their enterprises. Start up businesses and enterprises commonly start operations with credit support from financial institutions but there are prerequisites to attaining this credit and numerous poor individuals do not possess these prerequisites. Such individuals …


A Metric And Topological Analysis Of Determinism In The Crude Oil Spot Market, Atreya Chakraborty Jan 2012

A Metric And Topological Analysis Of Determinism In The Crude Oil Spot Market, Atreya Chakraborty

Atreya Chakraborty

We test whether the spot price of crude oil is determined by stochastic rules or exhibits deterministic endogenous fluctuations. In our analysis, we employ both metric (correlation dimension and Lyapunov exponents) and topological (recurrence plots) diagnostic tools for chaotic dynamics. We find that the underlying system for crude oil spot prices (i) is of high dimensionality (no stabilization of the correlation dimension), (ii) does not exhibit sensitive dependence on initial conditions, and (iii) is not characterized by the recurrence property. Thus, the empirical evidence suggests that stochastic rather than deterministic rules are present in the system dynamics of the crude …


Credit Gap In Small Businesses: Some New Evidence, Atreya Chakraborty Jan 2012

Credit Gap In Small Businesses: Some New Evidence, Atreya Chakraborty

Atreya Chakraborty

What is the magnitude of credit constraint affecting small businesses? This paper provides estimate of the credit gap – defined as the difference between the desired and actual levels of debt for credit constrained small businesses. The estimated credit gap is approximately 20 percent, i.e., credit constrained small business on the average would desire 20 percent more debt. This credit gap varies considerably across industries, with manufacturing firms facing a significantly larger gap than firms in the wholesale or service industries.


Credit Gap In Small Businesses: Some New Evidence, Atreya Chakraborty Jan 2012

Credit Gap In Small Businesses: Some New Evidence, Atreya Chakraborty

Accounting and Finance Faculty Publication Series

What is the magnitude of credit constraint affecting small businesses? This paper provides estimate of the credit gap – defined as the difference between the desired and actual levels of debt for credit constrained small businesses. The estimated credit gap is approximately 20 percent, i.e., credit constrained small business on the average would desire 20 percent more debt. This credit gap varies considerably across industries, with manufacturing firms facing a significantly larger gap than firms in the wholesale or service industries.