Economics Commons^™

An Evaluation Of Network2work At Piedmont Virginia Community College, Cynthia M. Finley

Educational Foundations & Leadership Theses & Dissertations

Barriers to education and training can have a generational impact on socioeconomic status and economic development. Post-traditional students have been shown to experience a variety of barriers to education and family sustaining employment. Social capital has been shown to help alleviate some of the barriers for students resulting in stronger economic outcomes, such job retention, and higher wages. This case study examined a workforce development approach to providing support to post-traditional students in non-credit industry training. The researcher examined student outcomes, credential attainment and employment, between two student groups (Network2Work versus a nonNetwork2Work group) using chi-square and logical regression analysis. …

Global Energy Consumption: An Analysis Of Variables That Shape Per Capita Usage, Or How Pump Price, Urbanization, And Fossil Fuels Imports Impact Fossil Fuels Consumption Per Capita Across Oecd Countries, Mila Demchyk Savage

Graduate Program in International Studies Theses & Dissertations

Among reasons explaining the importance of studying fossil fuel consumption are: crude oil is a subject of the international commodities market, thus, any fluctuation related to its' availability or price would impact the rest of the World; natural resources like oil, gas, and coal are limited; the extensive use of fossil fuels harms our surroundings, creating many environmental concerns; every human (on average) has been using more energy since 1971 and the trend is expected to continue. The upward trend is not consistent among individual countries. Therefore, the core question of my research is, `Why do some countries consume less …

Two Essays On Retail Trading, Qiqi Liang

Theses and Dissertations in Business Administration

Essay 1: Retail investors from the discount broker Robinhood swarm into stocks with pending earnings announcements and stay away from them immediately after the announcements. We study four competing explanations for this phenomenon: liquidity provision, informed trading, lottery preference, and attention-induced herding by noise traders. We find strong evidence that, immediately around earnings announcements, Robinhood investors’ behavior is primarily driven by attention-induced noise trading. Our results offer new insights into retail traders’ motivation for trading when they face heightened uncertainty from earnings announcements. Our study also goes beyond Barber et al.’s (2022) limited focus on the top 0.5% of the …

Two Essays On Industry Tournament Incentives, Sarah Almisher

Theses and Dissertations in Business Administration

A large body of literature has developed on the disparities in compensation among chief executive officers. Financial media has highlighted the fact that CEOs in the United States receive excessive pay and that the gap among executive compensation is soaring. High compensation creates incentives for CEOs to take higher risk in firm policies to land a more attractive position managing another firm and attaining higher pay which is considered the ultimate prize (Kale, Reis, and Venkateswaran 2009; Coles, Daniel, and Naveen 2006). This creates a tournament in the managerial labor market. We define this tournament as the pay differential between …

Remittance: A New Instrument For Change -- Understanding The Impact Of Remittances On Home Countries Development, Alex M. Hamed

Graduate Program in International Studies Theses & Dissertations

This dissertation constructs a framework to investigate the impact of remittances on the recipient countries in the context of the Middle East and North Africa (MENA) and the European Union (EU). The framework will explore the effects of labor migration induced by bilateral labor agreements (BLAs). Such labor agreements are guided by the desire of autocratic governments to utilize their citizens to finance social contracts to sustain the authoritarian systems. The labor movements are further enhanced by accumulating social capital and remittances. The research also highlights the impact of remittances on the home country's institutional quality. It also highlights the …

Two’S A Crowd? Implications Of Economic Geography For Corporate Governance, Matthew Farrell

Theses and Dissertations in Business Administration

Although literature on corporate governance and economic geography often explores similar constructs, theories, and other matters, little work has been done examining their joint effects. This two-essay dissertation integrates these literatures in order to partially fill this gap by asking the following research questions:

1.) Do geographic proximity and multiple directorships function as substitutes or complements?

2.) How is the governance of highly innovative firms affected by the presence of Marshallian externalities?

While some scholars suggest that multiple directorships lead to board members neglecting their advisory and monitoring obligations, others have embraced the idea that holding multiple board seats can …

The Political Economy Of Global Private Currencies, Girish Sreevatsan Nandakumar

Graduate Program in International Studies Theses & Dissertations

This dissertation examines regulatory responses to global private currencies (GPCs). Through detailed analyses of the history and evolution of private digital currencies, and through case studies of the United States, the European Union, and China, this dissertation identifies five factors that condition regulatory responses: (1) compliance with anti-money laundering (AML) laws, (2) compliance with systems built for fiat currencies, (3) degree of transparency in operations, (4) culture of sovereignty within the nation, and (5) great power competition with other nations. Throughout the dissertation, various political, economic, social, technological, legal, and environmental (PESTLE) characteristics of GPCs are highlighted. This dissertation also …

A Quality Systems Economic-Risk Design Theoretical Framework, Abdallah S. Thefeid

Engineering Management & Systems Engineering Theses & Dissertations

Quality systems, including control charts theory and sampling plans, have become essential tools to develop business processes. Since 1928, research has been conducted in developing the economic-risk designs for specific types of control charts or sampling plans. However, there has been no theoretical or applied research attempts to combine these related theories into a synthesized theoretical framework of quality systems economic-risk design. This research proposes to develop a theoretical framework of quality systems economic-risk design from qualitative research synthesis of the economic-risk design of sampling plan models and control charts models. This theoretical framework will be useful in guiding future …

The Expansion Of Nocs: What Strengthening State-Owned Enterprises Means For Global Energy, Alexander L. Fretz

Graduate Program in International Studies Theses & Dissertations

The rise of National Oil Companies (NOCs) in the 20th century has been well documented. However, little work has been done with respect to how these entities have evolved in the 21st century. This study aims to measure the changing strength of contemporary NOCs by comparing them to their privatized counterparts. Using this comparative analysis, the study will explain the changing global energy landscape and the potential internecine effects on the international system.

Application Of Optimization Techniques In Corporate Cash Management, Venkateswara Reddy Dondeti

Theses and Dissertations in Business Administration

For any individual person or firm, there is a trade-off between carrying too much or too little cash on hand to meet the day-to-day transactions demand for cash. The BAT model, named after three eminent economists, Baumol, Allais, and Tobin, is the foundation for almost all cash management models in use today. The goal of the BAT model is to minimize the total costs involving the brokerage fees and the opportunity cost of interest lost on the cash held on hand. The brokerage fees are incurred in connection with the transactions for liquidating securities and converting them into cash. The …

Two Essays On The Information Embedded In Flow Of Exchange-Traded Funds (Etfs), Hamed Yousefi

Theses and Dissertations in Business Administration

An exchange-traded fund (ETF) is a pooled investment vehicle with shares similar to common equities, and it can be bought or sold on the stock exchanges. As more money flow into an ETF, its assets increase as do the number of shares outstanding. The demand for ETFs, especially after the 2008 crisis, has grown remarkably in the United States. Features such as intraday tradability, tax efficiency, low fees, and transparency have contributed to the ETFs’ appeal to investors. According to Bloomberg terminal data, as of January 2021, there were 2584 U.S.-registered ETFs, with over $5.5 trillion assets under management. Recent …

The Politics Of Medicine: Power, Actors, And Ideas In The Making Of Health, Claire Wulf Winiarek

Graduate Program in International Studies Theses & Dissertations

The practice of medicine has become the prescribing of medicine. Reflecting a construct of health defined by Rationalism, individualism, and biomedical science, medicines (pharmaceuticals) are politically constructed to be the first – and sometimes only prescribed – line of defense against illness and disease. Pharmaceuticals also represent a highly desirable, ‘recession-proof’ component of many Nation-states’ (states’) export strategies, helping advanced economies, in particular, to maintain favorable trade balances and economic growth amidst the headwinds of deindustrialization.

Higher use and the overreliance on pharmaceuticals promote an outsized role for certain actors and ideas in the making of global health, referring to …

Two Essays On Corruption, Fdi, And Digitalization, Mahdi Forghani Bajestani

Theses and Dissertations in Business Administration

Corruption is detrimental to both society and economy and is yet prevalent in many countries. Thus, research in this field is imperative to help alleviate the problem. Drawing on institutional theory and eclectic paradigm, this dissertation seeks to first, delineate the mechanisms through which corruption influences economic decision-making, and second, identify its root causes and tools for controlling it.

This dissertation’s central research question is addressed in two essays. Essay 1 builds on insights from research on corruption in international business to advance our understanding of how perception of bribery in foreign markets shapes investment behaviors. The literature is dominated …

Institutional Stretching: How Moroccan Ngos Illuminate The Nexus Of Climate, Migration, Gender And Development, Shelby Mertens

Graduate Program in International Studies Theses & Dissertations

The global migration crisis the world has experienced thus far is only the tip of the iceberg. As the earth’s temperature continues to warm and extreme weather conditions worsen, millions of people across the globe will be displaced, and women in particular will face more difficult challenges. What the climate migration literature fails to study is these longer-term impacts beyond sudden onset disasters. Governments and institutions will be forced to respond and adapt to the new reality resulting from the climate crisis. This research provides a case study of Morocco and, by using institutional ethnography, investigates how NGOs working in …

The Poverty In Usa: An In-Depth Analysis Of The Last Two Decades, Sara Negri

Economics Theses & Dissertations

Poverty is a global problem that affects not only the undeveloped states but also the most developed ones. This research paper will analyze this problem in depth, trying to summarize several definitions, several causes that can lead to an increase in the poverty rate, and policies implemented by the government in order to reduce the total number of poor people. The author analyzed the poverty rate in each state of the United States from 1990 to 2019 using a panel data analysis. She found out that California is the state with the highest value of poor people in the U.S. …

The Relationship Between The Earning Of Career And Technical Industry Credentials And The Virginia Economy, Anjanette Mcfadden Hendricks

Educational Foundations & Leadership Theses & Dissertations

Nationally, the labor market is calling out for workers to fill the increasing number of job vacancies, but those qualified, skilled, and able to fill them are limited in supply or retiring in large numbers. As America’s key industries offer high salaries in return for candidates with the necessary skills and credentials to fill their vacancies, the skills learned and third-party industry credentials earned in secondary Career and Technical Education (CTE) programs seem to make a perfect fit for the student, employer, and the economy. However, unlike the favored US educational model of the four-year degree, the continued outdated perception …

The Effects Of Ceo Dismissal Risk And Skills On Risky Corporate Decisions And Ceo Compensation, Son T. Dang

Theses and Dissertations in Business Administration

This dissertation consists of three distinct essays on the effects of CEO dismissal risk on M&A megadeal decisions, the association between CEO compensation and generalist managerial ability in the presence of CEO dismissal risk, and the alignment of the initial compensation of new CEOs following CEO dismissals with their managerial ability.

In Essay 1, I study the link between CEO dismissal risk and risky M&A decisions and find that higher-dismissal-risk CEOs engage in more M&A megadeals than their counterparts. Such megadeal transactions lead to lower acquirer post-M&A abnormal returns, suggesting that risky investment decisions are driven by CEOs’ career concerns. …

Why Do Nonprofits Fail? A Quantitative Study Of Form 990 Information In The Years Preceding Closure, Mackenzie Arbogust

School of Public Service Theses & Dissertations

Nonprofit organizations are an important piece of the community and economy in the United States. Each year, nonprofit organizations close their doors and stop providing services to the community. While there are large amounts of literature around financial health and vulnerability and governance best practices of nonprofit organizations, few of the studies have ever looked specifically at failed organizations. In general, the end stages of the life cycle of nonprofit organizations have not been well studied and are not well understood. This study draws on resource dependency theory and institutional theory to identify financial and governance factors that may serve …

The Accumulation Of It Capability And Its Long-Term Effect On Financial Performance, Jin Ho Kim

Theses and Dissertations in Business Administration

Many scholars have been studying information technology (IT) capability and its impact on business performance. However, it has been debated whether the IT capability influences firm performance because prior literature shows mixed results. To understand this phenomenon, I performed two studies in this research, placed in two parts. First, by deploying the new concept of accumulation of IT capability, I attempted to reinvestigate the relationship between IT capability and business performance. Next, I examined what factors influence the accumulation of IT capability. In the first part, I suggested two novel constructs that measure the extent of the accumulation of IT …

Two Essays On The Microstructure Of The Housing Market: Agents' Diffused Effort And Sellers' Behavior Bias, Zhaohui Li

Theses and Dissertations in Business Administration

For the first essay, we generalize the classic Williams [1998 RFS] brokerage model by introducing the diffused effort. That is, the agent can cross-utilize effort spending on one listing to another one. Besides, the agent can manage heterogeneous housing assets. One counterintuitive finding in Williams’ paper is the absence of the agency problem. As a special case in our model, we recover the agency problem. We examine the positive externality due to the diffused effort and show that it depends on the agent’s inventory size. Hence there exists a trade-off between agents’ effort spending on existing listings and on finding …

Essay 1: How We Feel: The Role Of Macro-Economic Sentiment In Advertising Spending-Sales Relationship; Essay 2: It Was The Best Of Times; It Was The Worst Of Times: The Effect Of Emotional Uncertainty And Arousal On Healthy Food Choices, Leila Khoshghadam

Theses and Dissertations in Business Administration

Essay 1: Controversies regarding the advertising spending-sales relationship have spawned many studies in marketing. Previous research on macroeconomic influencers of this relationship has focused mostly on objective macroeconomic indicators such as cyclical contraction and expansion. Extending these previous studies, the current research argues that sales response to advertising is also contingent upon the pervasive feelings present in the macroeconomic environment, above and beyond the influence from objective macroeconomic factors. Specifically, it argues that future outlook negativity and uncertainty in macroeconomic sentiment can affect the ad spending-sales relationship. Analyzing sales and advertising spending data for salty snacks in conjunction with macroeconomic …

At The Hands Of Fate: The Political Economy Of Islamic Insurance In Indonesia, Malaysia, And Pakistan, C. 1980 To The Present, Muhammad S. Rahman

Graduate Program in International Studies Theses & Dissertations

Why have Islamic insurance systems developed well in some countries, but not in others? Malaysia is considered as Islamic insurance elite due to its relatively large number of operators it houses as well as the sustained growth of Islamic insurance sales within the country, while Indonesia and Pakistan are still in early stages of development. Analyzing the political and social history of Islamization of insurance systems in these three Muslim majority countries in Asia since 1980s, this dissertation demonstrates the development gap between these countries on Islamic insurance results from; firstly, complex bargains made between various groups within each country …

A Study Of Public Seaport Governance In The United States, Christopher Michael Williams

School of Public Service Theses & Dissertations

Seaports are important economic engines serving many metropolitan areas in the United States. Most seaports in the U.S. are public-owned and managed by a set of elected or politically appointed board members. Indeed, this is public governance in action but the field of port governance seems to be focused on the study of operating efficiencies and less concerned with the public governance aspects of seaports.

The term “governance” in a public organization conveys a level of democratic accountability to the citizenry for management of public-owned resources but, until now, studies of seaport governance in the U.S. have not focused on …

Exploring Critical Success Factors Of Community Development Projects, Kevin Wanjama Muchiri

Engineering Management & Systems Engineering Theses & Dissertations

The utilization of Community Development Projects in developing nations continues to increase in significance. In the wake of the latest Sustainable Development Goals, developing nations are working towards eliminating poverty, promoting sustainable cities and communities, gender equality, and health and well-being. Although Community Development Projects have become prevalent, the challenge has been that some are successful, while others fail. This dissertation investigates what makes Community Development Projects successful.

This dissertation implemented a comprehensive quantitative analysis using data collected from over one hundred community development projects obtained from The World Bank database. These projects took place in developing nations around the …

Student Global Mobility: An Analysis Of International Stem Student Brain Drain, Margaret E. Gesing

Educational Foundations & Leadership Theses & Dissertations

This study seeks to understand global mobility patterns of international graduate STEM students studying in the United States. Using data from the NSF Graduate Students in Science Survey (GSSS), this study investigates the political, economic, and social factors affecting students' intent to stay or go, identifying differences based on students' country of origin within World Bank defined categories of gross national income (GNI) per capita. Descriptive statistics identified factors affecting students' intent to stay or go. Chi-square analysis, and analysis of variance (ANOVA) identified differences between factors based on students' intent to stay or go, and identified differences based on …

A Dirty Dilemma: Determinants Of Electronic Waste Importation, Jamila N. Glover

Graduate Program in International Studies Theses & Dissertations

During the 1970s-1980s waste, specifically toxic waste from manufacturing, became a globally traded commodity. By the late 1980s, waste trade became a global political and environmental topic because many believed that developed countries were ‘dumping’ hazardous material on less developed nations despite knowing that less developed countries often lack adequate infrastructure to dispose of waste in an environmentally responsible manner, prompting international regulatory responses.

This study focuses on the fastest growing category of traded toxic waste – electronic waste. In 2014, approximately 41.8 million tons of electronic waste was generated globally. During this same period 1.6 million tons were traded …

Empty Chair At The Table: Bargaining, Costs And Litigation At The World Trade Organization, Felicia Anneita Grey

Graduate Program in International Studies Theses & Dissertations

This study examines the World Trade Organization (WTO) to test how, if at all, its Dispute Settlement Body (DSB) serves the needs of its members. More specifically, it probes why countries would join the institution, but do not use it if a trade dispute arises. To test this expectation, the study hypothesizes that exorbitant dispute settlement costs can inhibit litigation. This occurs, however, across all dyads and not just when developing and developed countries litigate.

The project uses mixed methods comprising an extensive form game, case studies and the information theory approach for comparative case analysis. The cases selected have …

New Regionalism In Global Order: Regional Trade Integration And Its Links With Financial Sector, Tulu Balkir

Graduate Program in International Studies Theses & Dissertations

This dissertation evaluates the linkages of regional trade integration with regional financial integration and financial development in the EU and the ASEAN. The research utilizes quantitative and qualitative data to analyze development of banking sector and capital markets in these two regions, reviews related integration initiatives in the EU and ASEAN banking sectors and capital markets and their possible links with regional trade. The results mainly indicate that banking sector and capital markets perform important functions to provide financing to firms and infrastructure projects, to hedge trade and project risks and to support macro-financial stability, all of which can support …

Analysis Off Dependent Discrete Choices Using Gaussian Copula, Arjun Poddar

Mathematics & Statistics Theses & Dissertations

A popular tool for analyzing product choices of consumers is the well-known conditional logit discrete choice model. Originally publicized by McFadden (1974), this model assumes that the random components of the underlying latent utility functions of the consumers follow independent Gumbel distributions. However, in practice the independence assumption may be violated and a more reasonable model should account for the dependence of the utilities. In this dissertation we use the Gaussian copula with compound symmetric and autoregressive of order one correlation matrices to construct a general multivariate model for the joint distribution of the utilities. The induced correlations on the …

Extension Of The Gravity Model: A Risk Integrated Approach Towards The Impact Analysis Of Mega Sports Events On Inbound Tourist Arrivals, Abdul Sami Stanekzai

Engineering Management & Systems Engineering Theses & Dissertations

Mega sports events such as the Olympics and the FIFA World Cup are highly attended and countries compete ferociously to host such events due to their perceived long term positive effects. Inbound tourist forecasting is an important aspect of the hosting decision both for the organizing committees and the hosting nations. As a precaution against letting the event fall into incapable hands, which can lead into chaos and mismanagement, measures needs to be taken. Capacity evaluation of interested parties is possible, only by knowing the number of people who may attend the event. However, due to the infrequent occurrence of …