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Kennesaw State University

Economics

2013

Articles 1 - 9 of 9

Full-Text Articles in Social and Behavioral Sciences

Culture And Innovation In Peru From A Management Perspective, Gregory J. Scott, Ian Chaston Dec 2013

Culture And Innovation In Peru From A Management Perspective, Gregory J. Scott, Ian Chaston

Journal of Global Initiatives: Policy, Pedagogy, Perspective

Political stability, macro-economic caution, and the aggressive pursuit of free trade have enabled Peru to emerge as one of the fastest growing economies in Latin America. This economic expansion has created heightened interest in the evolution of corporate culture and its influence on firm performance. This paper examines organizational performance in relation to the influence of cultural values on innovation by means of a survey of upper level managers. Analysis of the survey results indicates that there was a positive relation between innovation and power distance and uncertainty. Survey findings show no relationship between innovation and individualism nor innovation and …

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Extractive Versus Productive Economy: A Case Study Comparison Of Peru And South Korea, Rubén Berríos Dec 2013

Extractive Versus Productive Economy: A Case Study Comparison Of Peru And South Korea, Rubén Berríos

Journal of Global Initiatives: Policy, Pedagogy, Perspective

There are striking contrasts between a productive and an extractive economy. South Korea and Peru are used as examples. Korea is not a resource-rich country but has developed remarkably fast. Pem, on the other hand, is a resource-rich country but has shown uneven rates of growth and has had a lackluster development performance because it has relied on extractive industries that have brought boom and bust. Korea is a high performing economy that achieved high rates of growth implementing policies that emphasized productivity and promoted industrialization and free trade. Korea's success is explained in terms of its policies promoting the …

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A Case For Banking Oversight Reform In Crisis Mitigation, J. Barrow, S. Smalt Dec 2013

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 …

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Student Performance In A Principle Of Microeconomics Course Under Hybrid And Face-To-Face Delivery, P. Verhoeven, T. Rudchenko Nov 2013

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 …

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Quasi-Maximum Likelihood Estimation Of Multivariate Diffusions, Xiao Huang Apr 2013

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.

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The Exercise Of Corporate Bond Clawbacks And Debt Renegotiation: An Empirical Analysis, Kenneth Daniels, Fernando Diaz, Gabriel G. Ramirez Jan 2013

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 …

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Social Versus Conservative Democracies And Homicide Rates, Marcus Marktanner, Luc Noiset Jan 2013

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.

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Optimal Allocation Of Resources In Airport Security: Profiling Vs. Screening, Aniruddha Bagchi Jan 2013

Optimal Allocation Of Resources In Airport Security: Profiling Vs. Screening, Aniruddha Bagchi

Faculty and Research Publications

No abstract provided.

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Corruption, Public Integrity, And Globalization In South-Eastern European States: A Comparative Analysis, Andrew I. E. Ewoh, Ani Matei, Lucica Matei Jan 2013

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 …

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