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Kennesaw State University

Economics

2011

Articles 1 - 12 of 12

Full-Text Articles in Social and Behavioral Sciences

Student Performance In A Quantitative Methods Course Under Online And Face-To-Face Delivery, P. Verhoeven, Victor Wakeling Nov 2011

Student Performance In A Quantitative Methods Course Under Online And Face-To-Face Delivery, P. Verhoeven, Victor Wakeling

Faculty and Research Publications

In a study conducted at a large public university, the authors assessed, for an upper-division quantitative methods business core course, the impact of delivery method (online versus face-to-face) on the success rate (percentage of enrolled students earning a grade of A, B, or C in the course). The success rate of the 161 online students was 55.3%, significantly lower (p = .000) than that (72.6%) of the 212 face-to-face students. Both students with a strong (A or B) grade in the lower-division statistics prerequisite and students with a weak (C or D) grade in the prerequisite had a significantly lower …

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Intangible Investments And The Pricing Of Corporate Sga Expenses, Rongbing Huang, Gim S. Seow, Joe S. Shangguan Oct 2011

Intangible Investments And The Pricing Of Corporate Sga Expenses, Rongbing Huang, Gim S. Seow, Joe S. Shangguan

Faculty and Research Publications

This study examined whether the market fully prices the reported Selling, General, and Administrative (SGA) expenses when this item includes an intangible investment component. For a sample of intangible investment-intensive firms, we showed that their SGA expenses benefit future operating performances. Evidence suggests some degree of market inefficiency in the pricing of SGA expenses and the intangible investment component. Furthermore, the financial analysts do not appear to appreciate fully the future benefits of the component in their earnings forecasts. Finally, the pertinent disclosures in firms’ annual reports are so inadequate as to attenuate the market mispricing, suggesting a significant room …

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Are Benevolent Dictators Altruistic In Groups? A Within-Subject Design, Lucy F. Ackert, Ann B. Gillette, Jorge Martinez-Vazquez, Mark Rider Sep 2011

Are Benevolent Dictators Altruistic In Groups? A Within-Subject Design, Lucy F. Ackert, Ann B. Gillette, Jorge Martinez-Vazquez, Mark Rider

Faculty and Research Publications

We use a within-subject experimental design to investigate whether systematic relationships exist across distinct features of individual preferences: altruism in a two-person context, risk aversion in monetary outcomes, and social preferences in a group context. We find that altruism is related to demographic variables, including years of education, gender, and age. Perhaps most importantly, self allocation in a two-person dictator game is related to social preferences in a group context. Participants who are more generous in a dictator game are more likely to vote against their self-interest in a group tax redistribution game which we interpret to be an expression …

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Why The Master? Human Capital Development For Practicing U.S. Cycling Coaches, Daniel Larson, Joel Maxcy Aug 2011

Why The Master? Human Capital Development For Practicing U.S. Cycling Coaches, Daniel Larson, Joel Maxcy

Faculty and Research Publications

The economic structure of the industry of cycling coaches has yet to be the subject of any apparent published inquiry. This study describes the basic characteristics of practicing cycling coaches and presents economic models of the determinants of commercial success for individual coaches. Data were collected through an independent survey of current and former U.S.A. Cycling (USAC) coaches in 2010 (N = 386). Results of ordinary least squares and negative-binomial regression models suggest that coaching and competitive experience are associated with larger clienteles, but formal human capital investments do not generally add to a coach's ability to garner more clients. …

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Quasi-Maximum Likelihood Estimation Of Discretely Observed Diffusions, Xiao Huang Jul 2011

Quasi-Maximum Likelihood Estimation Of Discretely Observed Diffusions, Xiao Huang

Faculty and Research Publications

This paper introduces a quasi-maximum likelihood estimator for discretely observed diffusions when a closed-form transition density is unavailable. Higher-order Wagner-Platen strong approximation is used to derive the first two conditional moments and a normal density function is used in estimation. Simulation study shows that the proposed estimator has high numerical precision and good numerical robustness. This method is applicable to a large class of diffusions.

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Comment On Hoerger: Early Pilots Of Medicare Auctions Brings No Solace To Auction Experts, Peter Cramton, Brett E. Katzman Jul 2011

Comment On Hoerger: Early Pilots Of Medicare Auctions Brings No Solace To Auction Experts, Peter Cramton, Brett E. Katzman

Faculty and Research Publications

Peter Cramton and Brett Katzman stick to their guns: Medicare auctions remain fatally flawed and must be fixed. They argue that contrary to Hoerger's comment, no comfort can be drawn from the fact that the market was able to withstand price reductions in early pilots.

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Is There A Link Between Money Illusion And Homeowners' Expectations Of Housing Prices?, Lucy F. Ackert, Bryan K. Church, Narayanan Jayaraman Jul 2011

Is There A Link Between Money Illusion And Homeowners' Expectations Of Housing Prices?, Lucy F. Ackert, Bryan K. Church, Narayanan Jayaraman

Faculty and Research Publications

Money illusion is a behavioral bias in which a person thinks in terms of nominal rather than real values. This article reports homeowners' responses to a survey designed to measure the extent of money illusion as well as homeowners' expectations regarding home valuations. Our survey respondents suffer from money illusion, yet they have reasonable expectations of home prices. Our analysis did not identify any unique individual characteristic that correlates with homeowners' choices and suggests that the relationship between money illusion and mispricing is subtle and multifaceted.

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Working Women In Choson Korea: An Exploration Of Women's Economic Activities In A Patriarchal Society, Michael J. Pettid Jun 2011

Working Women In Choson Korea: An Exploration Of Women's Economic Activities In A Patriarchal Society, Michael J. Pettid

Journal of Global Initiatives: Policy, Pedagogy, Perspective

This paper examines the economic activities of women in Choson Korea in an attempt to uncover the realities of their lives in terms of economic contribution and support of the well-being of their households. Despite the prevailing rhetoric of the "Confucianization" of late Choson, it is the belief of this writer that such a situation probably did not apply strictly to rural society or in matters of the necessity of economic strength. Rather I will argue that the economic realities of late Choson and farm life in general valued the labor and contributions of all members of a household, and …

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Chaebol And Korea's Industrial Finance, Murat Doral, Michael Patrono Jun 2011

Chaebol And Korea's Industrial Finance, Murat Doral, Michael Patrono

Journal of Global Initiatives: Policy, Pedagogy, Perspective

The Korean economy is based on a government led and export oriented growth model centered on business groups or conglomerates known as chaebols which have close relationships with the government. The government led growth model, also known as Guided or Managed Capitalism, relies on a government dominated, but privately owned, business sector. The private business sector is itself dominated by chaebols which are family owned or controlled business groups. These groups are supported by preferential relationships with the government. While the chaebol system was an important element of South Korea's early industrial growth, it ultimately had to be reformed. The …

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Fiscal Federalism And Nigeria's Development: Comparative Perspectives From Canadian Fiscal Federalism, Olumide Victor Ekanade Jun 2011

Fiscal Federalism And Nigeria's Development: Comparative Perspectives From Canadian Fiscal Federalism, Olumide Victor Ekanade

Journal of Global Initiatives: Policy, Pedagogy, Perspective

This paper evaluates the historical dynamics that have shaped the development of fiscal federalism in Nigeria and Canada over the years. It contends that certain contradictions have inhibited the efficient and equitable allocation of tax powers and expenditure responsibilities in Nigeria. These include Nigeria's defective federal structure, military rule, Presidential federalism, politicized sharing principles, and the parochial political culture. These absurdities now threaten the stability of the Nigerian federation. The paper submits that the Canadian Federation offers a viable option for renewal with principles such as autonomy of sub national units, the predominance of the civic culture, scientific equalization, and …

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Impact Of The Economic Downturn On Local Governments In South Carolina, William Tomes Mar 2011

Impact Of The Economic Downturn On Local Governments In South Carolina, William Tomes

Georgia Journal of Public Policy

Across the country local government revenues have decreased while operating costs such as fuel, materials, equipment, and health insurance costs have significantly increased. In addition to reduced revenues, interest earnings for city and county government investments are low. These factors combined have created a difficult financial arena in which local governments must operate. While economists are reporting signs of economic recovery, many city and county budgets are just now feeling the full brunt of the economic downturn that began in 2008. On a daily basis, news media nationwide report local governments addressing budget deficits by cutting services, eliminating positions, or …

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A Model For The Intervention Of A Financial Crisis, J. Barrow Jan 2011

A Model For The Intervention Of A Financial Crisis, J. Barrow

Faculty and Research Publications

This paper builds a model for intervention and/or mitigation of a financial crisis by first identifying those conditions precedent to a systemic based financial crisis, and then outlying a process to integrate firm specific and systematic risk into a comprehensive strategic model. A simple application of the model was able to identify significant outliers. For example, using 2006 to 2010 data, Capital One Financial Corporation was identified for intervention from as early as 2006. This corporation received $3.56 billion of the Emergency Economic Stabilization Act Federal bailout funds.

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