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Social and Behavioral Sciences Commons™
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- Accountability (1)
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Articles 1 - 7 of 7
Full-Text Articles in Social and Behavioral Sciences
A Case For Banking Oversight Reform In Crisis Mitigation, J. Barrow, S. Smalt
A Case For Banking Oversight Reform In Crisis Mitigation, J. Barrow, S. Smalt
Faculty and Research Publications
This paper reviews the key weaknesses in the banking system related to the 2007 global financial crisis and finds supervisory oversight and accountability underrepresented or missing in recommended solutions although they are a critical contributor to the problem. The paper purports: (1) focusing on the fundamental factors that attribute to the vulnerability of the banking system is a key component of a model for the mitigation of a financial crisis and; (2) the factors are interrelated; therefore, the model should be holistic. The analysis results in an integrative blueprint and includes a simple case study application. The findings of the …
Student Performance In A Principle Of Microeconomics Course Under Hybrid And Face-To-Face Delivery, P. Verhoeven, T. Rudchenko
Student Performance In A Principle Of Microeconomics Course Under Hybrid And Face-To-Face Delivery, P. Verhoeven, T. Rudchenko
Faculty and Research Publications
Designing a hybrid course entails the challenge of choosing learning activities for each of the face-to-face and online environments--and sequencing and coordinating the activities across the two environments--to promote student attainment of the course’s learning objectives. This paper presents a study comparing student performance in an undergraduate Principles of Microeconomics course taught by the same instructor under hybrid (n = 51) and face-to-face (n = 24) delivery. The percentage of hybrid students completing the course (71%) was not significantly different (chi-square = .61, p = .433) than that (79%) of the face-to-face students. A regression analysis controlling for student GPA …
Quasi-Maximum Likelihood Estimation Of Multivariate Diffusions, Xiao Huang
Quasi-Maximum Likelihood Estimation Of Multivariate Diffusions, Xiao Huang
Faculty and Research Publications
This paper introduces quasi-maximum likelihood estimator for multivariate diffusions based on discrete observations. A numerical solution to the stochastic differential equation is obtained by higher order Wagner-Platen approximation and it is used to derive the first two conditional moments. Monte Carlo simulation shows that the proposed method has good finite sample property for both normal and non-normal diffusions. In an application of estimating stochastic volatility models, we find evidence of closeness between the CEV model and the GARCH stochastic volatility model. This finding supports the discrete time GARCH modeling of market volatility.
The Exercise Of Corporate Bond Clawbacks And Debt Renegotiation: An Empirical Analysis, Kenneth Daniels, Fernando Diaz, Gabriel G. Ramirez
The Exercise Of Corporate Bond Clawbacks And Debt Renegotiation: An Empirical Analysis, Kenneth Daniels, Fernando Diaz, Gabriel G. Ramirez
Faculty and Research Publications
Bond clawback provisions allow the issuer to partially redeem a bond issue often within three years of issuance using proceeds only from new equity issues. We document that clawback bonds are often renegotiated and clawbacks provisions are rarely exercised. We find that the probability of exercising an option increases if the firm is large and has lower levels of debt, the issue is large and if the issue was subject of renegotiation prior to the exercised date, the workout took the form of a cash tender offer. We find that the likelihood of renegotiation of an IPOC is positively associated …
Social Versus Conservative Democracies And Homicide Rates, Marcus Marktanner, Luc Noiset
Social Versus Conservative Democracies And Homicide Rates, Marcus Marktanner, Luc Noiset
Faculty and Research Publications
Purpose – The purpose of this paper is to critique recent findings that democratic practices are positively related to homicide rates. Design/methodology/approach – Economic rational choice model supported by empirical evidence. Findings – It was found that higher homicide rates are only characteristic of democracies that fail to respond to the median voter's call for equitable social development. Originality/value – The paper makes an original distinction between conservative and social democracies, operationalizes this distinction theoretically and empirically, and shows that higher homicide rates are a phenomenon of conservative, not social, democracies.
Optimal Allocation Of Resources In Airport Security: Profiling Vs. Screening, Aniruddha Bagchi
Optimal Allocation Of Resources In Airport Security: Profiling Vs. Screening, Aniruddha Bagchi
Faculty and Research Publications
No abstract provided.
Corruption, Public Integrity, And Globalization In South-Eastern European States: A Comparative Analysis, Andrew I. E. Ewoh, Ani Matei, Lucica Matei
Corruption, Public Integrity, And Globalization In South-Eastern European States: A Comparative Analysis, Andrew I. E. Ewoh, Ani Matei, Lucica Matei
Faculty and Research Publications
The last three decades have witnessed a proliferation of studies on the globalization of corruption or convergence of anticorruption strategies. These studies have been motivated by scholarly concerns from various administrative, economic, and political fields. In view of these interdisciplinary concerns, the purpose of this article is to provide a comparative analysis of corruption phenomena and the demand for public integrity because these developments pertain to the discourse on globalization issues in some South-Eastern European nations within the last decade. The article concludes that the differences observed in these countries are due to their level of maturation in the democratic …