Social and Behavioral Sciences Commons^™

Sugar And Rice Trade Between The United States And Cuba Trade Potential And Welfare Analysis, Fabian Bloechl

Graduate Theses and Dissertations

After the resignation of President Fidel Castro and forty-five years of the U.S.-trade embargo, the political environment between Cuba and the United States is expected to change. With the Trade Sanction Reform and Export Enhancement Act in 2000, trade sanctions were eased for a while. Future trade between both countries would increase the welfare in both countries. This Thesis has the approach to look at the impacts on the commodities of rice and sugar, and the trade sanctions between the United States and Cuba.

Cuba is a net importer of its food supply; therefore, agriculture and food trade is an …

Private Debt Syndicates: Governance, Networks, And Syndicate Structure, William R. Mccumber

Graduate Theses and Dissertations

I examine the primary market for syndicated private credit agreements to U.S. firms within the context of contract theory with information asymmetries between contracting parties in a repeated game. Specific governance mechanisms determine a firm's cost of borrowing in syndicated credit agreements. Firms with governance mitigating agency risk between stakeholders, i.e. independent boards, strong shareholder monitoring, and greater CEO pay-performance sensitivity, enjoy lower borrowing costs. The interests of creditors and shareholders diverge with regard to external governance. Lenders charge higher spreads to firms at greater risk of acquisition and reward stronger firms with price concessions when they possess staunch anti-takeover …

Essays In Economic Growth And Development, Zhen Zhu

Graduate Theses and Dissertations

This dissertation consists of three chapters exploring the Solow Residual of the Solow growth model. Two central components of the Solow Residual have been studied in my doctoral dissertation. The first is the structural transformation, an internal adjustment process that helps the economy attain the optimal points on its Production Possibility Frontier by reallocating resources from the low-productivity sectors to the high-productivity sectors. The second is the technology diffusion, a positive externality process that pushes forward the economy's Production Possibility Frontier if it adopts the newer technology.

The first chapter of my dissertation is devoted to a case study of …

The Geographic And Social Distance In Finance, Liping Ma

Graduate Theses and Dissertations

Our research interests lie in studying the economic behavior, choices, and actions of individuals given their geographical and Social proximity to others, and analyze the consequences of such decisions to the financial health and survival of households, firms, and the macro economy. Network analysis and spatial econometrics take account of information spill-overs and constraints of behaviors as consequence of the geographical and Social distance between and among individuals. In this research, we apply those techniques to analyze aspects of corporate governance and explanations for the recent housing crisis.

The literature on principle-agent problems has devoted most of its attention to …

Essays On The Economics Of Child Care And Child Custody, Jennifer Lee Hafer

Graduate Theses and Dissertations

In my first essay I use data from licensed child care centers in the state of Arkansas to examine the relationship between quality and price charged. To measure quality, I use Arkansas's Better Beginnings Quality Rating and Improvement System, a tier-structured voluntary certification program which can be viewed as a voluntary increase in regulations for licensed child care centers which allows them to send an observable signal of quality to consumers. Using an hedonic pricing estimation with controls for varying geographic markets, results indicate firms with Better Beginnings classification charge higher prices once the highest levels of certification are obtained. …

Institutional Distance And Entry Mode: How Do Emerging-Market Multinational Companies Overcome Competitive Disadvantages In A Developed Market?, Ru-Shiun Liou

Graduate Theses and Dissertations

As latecomers to global business competition, emerging-market multinational companies (EMNCs) utilize cross-border merger and acquisitions to swiftly acquire strategic assets, such as brands and distribution channels, compensating for their competency deficiency. Developed markets with well-established firms and well-developed market-supporting institutions become important destinations for EMNCs' strategic asset-seeking investments. Institutional distance, national differences in the institutional environment, constitutes a major source of competitive disadvantage for foreign firms competing with indigenous firms. Foreign firms need to overcome the challenges of unfamiliarity, relational, and discriminatory hazards to establish legitimacy in the host market. Compared to established multinationals that originate from other advanced markets …