Economics Commons^™

Inter-State Economic Development- Powered By Utilities, John R. Lombard

School of Public Service Faculty Publications

In 2000, a group of state business recruiters from New England joined to promote New England to corporate real estate and site selection consultants at IDRC’s1 World Congress in New York City. At roughly the same time, the two metropolitan areas of Hartford, Conn., and Springfield, Mass., formed the Hartford-Springfield Economic Partnership (HSEP). These informal ventures that cross state borders represent coalitions of business, academic, political and policy leaders working together to foster the combined regions’ economic well-being.

The State Of The Region: Hampton Roads 2007, James V. Koch, Vinod Agarwal, John R. Broderick, Christopher B. Colburn, Vicky Curtis, Steve Daniel, Susan Hughes, Elizabeth Janik, Feng Lian, Sharon Lomax, Trish Manthey, Janet Molinaro, Ken Plum, Maurice Seaton, Lowell Singh, Qian Sun

Economics Faculty Books

This is Old Dominion University's eighth annual State of the Region report. While it represents the work of many people connected in various ways to the university, the report does not constitute an official viewpoint of Old Dominion or it's president, Roseann Runte. The report maintains the goal of stimulating thought and discussion that ultimately will make Hampton Roads an even better place to live. We are proud of our region's many successes, but realize that it is possible to improve our performance. In order to do so, we must have accurate information about "where we are" and a sound …

Two Essays On Ipo Earnings Management, Yong Sun

Theses and Dissertations in Business Administration

This dissertation includes two essays that study initial public offerings (IPO) earnings management. The first essay examines the underwriter's certification and monitoring roles in IPO earnings management; the second essay explores the relation between IPO earnings management and post-IPO institutional ownership.

In the first essay, we investigate the certification role played by underwriters. We hypothesize that there is a negative relation between IPO earnings management and underwriter reputation and that there is a positive relation between underwriter reputation and firm operating performance. In addition, underwriters continue providing monitoring to the firms they take public. Using a sample of IPOs, we …

Revitalizing Deteriorated Urban Neighborhood Real Estate Markets Through Concentrated Homeownership Development: Determining The Spillover Effects Of New Homes On The Value Of Surrounding Homes, Jerry Michael Hawkins

Theses and Dissertations in Urban Services - Urban Management

The promotion of homeownership opportunities represents an important approach used by localities to support the revitalization of deteriorated urban neighborhoods. Homeownership is associated with a variety of social and economic benefits to the homeowner including increased residential stability and equity accumulation. The introduction of new homeownership opportunities into a deteriorated urban neighborhood as part of local public policy is intended to capitalize upon the anticipated positive social and economic outcomes. Such new homeownership development also presents the opportunity to generate positive spillover effects on the adjacent existing properties in the neighborhood which may ultimately result in higher real estate tax …

The Impact Of Privatization On Economic Growth And Income Inequality In Developing Countries, Samuel Adams

School of Public Service Theses & Dissertations

In the 1960s and 1970s academicians, economists and politicians favored state ownership over private ownership in the production and provision of goods and services. By the end of the 1980s, however, there was a reversal of public policy from state domination of the production and provision of goods and services to private ownership and operation. This was due in part to what the World Bank referred to as "state failure”, which was characterized by inefficient service delivery, unprofitable SOEs, high government debt, and stagnant economic growth rates. Accordingly, privatization caught on in many countries as a policy tool to foster …

Front Matter: The State Of The Region: Hampton Roads 2007, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

Cover, front matter, table of contents, and other materials for the 2007 The State of the Region report authored by the Regional Studies Institute at Old Dominion University

Part 1: Back To Earth: The Regional Economy Slows Down, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

After a spectacular first half of this decade, the regional economy decelerated in 2007. A combination of declining rates of growth in defense spending, the closing of the Ford Norfolk Assembly Plant and a sluggish national economy reduced the growth of the regional economy to the national average. Looming base realignment and closure reductions beginning in 2008 bode to continue this trend.

Part 2: Hidden In Plain Sight: The Ship Repair Industry In Hampton Roads, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

Private-sector shipbuilding and repair is big business in Hampton Roads and accounts, directly and indirectly, for about 15 percent of the total value of the region’s economic activity. More than 160 ship construction and repair firms in the area employ approximately 24,600 people, whose typical compensation is one-third above the regional average.

Part 6: Low Glamour, But Large Economic Impact: The Aau Junior Olympics, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

National amateur athletic events Hampton Roads hosts have flown under the radar insofar as their economic impact is concerned, but their impact is greater than that of local professional and collegiate teams, and virtually every city in the region benefits. The 2006 AAU Junior Olympics alone had an incremental economic impact of $50 million, primarily generated by visitors from outside of the region.

Part 4: The Filipino American Community Of Hampton Roads, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

The region is home to approximately 45,000 Filipino Americans whose political and cultural impact has been growing progressively. They tend to be better educated and earn higher incomes than the typical regional citizen. Virginia Beach’s “Little Manila” area is a reminder of the increasing presence of Filipinos within Hampton Roads.

Part 5: Affordable Housing In Hampton Roads: Facts And Issues, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

The rapid increase in regional housing prices in recent years (97 percent between 1997 and 2006) has made it much more difficult for some people to own their own home. Between these years, the annual interest and principal payments required for a typical home purchase rose from only 21.5 percent of the median income of our region’s households to 32 percent. Economically viable solutions to affordable housing challenges nearly always include increased housing density in order to make more moderately priced housing profitable to builders.

Part 7: Is Hampton Roads Receiving It's "Fair" Share From The Commonwealth?, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

All things considered, the region has a case to make when it argues that it receives less than its “fair” share of state government spending. The geographic distribution of expenditures is particularly disadvantageous to Hampton Roads in the areas of K-12 education and car tax reimbursements, but less so in transportation and higher education.

Part 3: 'Tis Better To Give Than To Receive: Charitable Giving In Hampton Roads, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

We are a generous lot in Hampton Roads. The region’s citizens give a higher proportion of their incomes to charity than the national average and African Americans, who direct very high proportions of their incomes to churches, lead the parade. Overall, the region’s citizens give 8.2 percent of their annual incomes to charity, easily topping the national average of 6.4 percent.

Two Essays On Lead-Lag Patterns Between Trading Volume And Stock Return In China Stock Markets, Xiaotian Zhu

Theses and Dissertations in Business Administration

This dissertation systematically investigate the lead-lag relations between the trading volume and stock return patterns in China A share and B share markets through two streams of behavioral postulations. In the first part, we summarize all the potential lead-lag patterns between trading volume and stock returns and link them to the corresponding behavioral explanations. In particular, Lee and Swaminathan's (2000) Momentum Life Cycle theory best explains the strong negative relations between lagged trading volume and subsequent return in China A share market. The strong positive relations between lagged market return and subsequent trading volume found in both China's B share …

Real Estate Mutual Funds: A Style Analysis, Crystal Lin, Kenneth Yung

Finance Faculty Publications

We find that the characteristics of real estate related securities are different from those of the general common equities. To help investors understand better the products offered by real estate mutual funds, we develop style descriptors that are specifically created for real estate related securities. Among the universe of real estate securities, we find real estate funds tilt toward large stocks and favor growth moderately over value. Growth managers outperform value mangers in this sector by 1.51% to 2.30% per year. However, there is evidence of shifts in the investment style among the funds. Our results help investors in evaluating …