Economics Commons^™

The State Of The Region: Hampton Roads 2011, James V. Koch, Vinod Agarwal, Christopher B. Colburn, Vicky Curtis, Steve Daniel, Susan Hughes, Elizabeth Janik, Feng Lian, Sharon Lomax, Janet Molinaro, Ken Plum, Jim Sylvester, Ayush Toolsidass, Shara Weber, Gilbert Yochum

Economics Faculty Books

This is Old Dominion University's 12th 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, John R. Broderick. 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 …

Richmond Iron: Tredegar's Role In Southern Industry During The Civil War And Reconstruction, Lisa Hilleary

History Theses & Dissertations

The American South contained few iron industries in the decades before the Civil War. Not until the Civil War did southern states produce significant quantities of vital industrial products, such as iron. Tredegar Iron Works in Richmond, Virginia, was a rare exception. Under the ownership of Joseph R. Anderson, the company established a national reputation for quality products. Prior to the war, Tredegar did business with northerners and with the Federal government. During the war, Tredegar became one of the main weapons suppliers to the Confederate military. Since this iron company physically and economically survived the war, Anderson regained many …

Decontextualizing Development: A Critical Examination Of American Popular Discourse On Foreign Aid, Jeffrey Haines

Institute for the Humanities Theses

Humanitarian foreign aid is a controversial topic, subject to much popular debate. Although there is much available polling and survey evidence about public stances on the issue, there have been significantly fewer attempts at more in-depth analyses of the public discourse. This thesis is an attempt to explore the popular discourse on aid in more depth, including its rationales, assumptions, and values.

It concludes that both sides of the American public in the debate often make use of similar types of assumptions regarding international affairs, suggesting often deeper agreement than the debate may indicate. It is argued that the set …

Two Essays On The Effect Of Macroeconomic News On The Stock Market, Ajay Kongera

Theses and Dissertations in Business Administration

This dissertation uses macroeconomic variables. In the first essay I use macroeconomic variables to determine if these variables affect the market's returns and volatilities, and in the second essay I examine whether the 11-month returns can be explained by these variables.

Using macroeconomic variables and forecasts of these variables on a quarterly basis from the Survey of Professional Forecasters, I first develop macroeconomic surprise variables. The macroeconomic surprise variables are then modified by dispersion of forecasts to adjust for surprises from uncertainty. Dispersion adjusted forecast surprises have not been used extensively in the literature. I also use a monetary shock …

The Behavior And Choices Of Serial Bidders In M&A Transactions: A Prospect Theory Approach, Ahmed Essam El-Din El-Bakry

Theses and Dissertations in Business Administration

This paper investigates the impact of previous losses incurred by U.S serial bidders on their M&A strategic choices and premiums paid to acquire targets. The Hubris and Overconfidence theories suggest that managers tend to overpay as a result of exaggerating their ability to extract value and manage post-acquisition integration process between the acquiring firm and its target. Managerial overconfidence, which is signaled by conducting several acquisitions within a short time period or by other manager-specific investment attributes, has been shown to contribute to increasing premiums in M&A transactions and subsequent poor post-acquisition performance.

Experimental findings in the area of psychology …

Part 2: Apartment Housing In Hampton Roads, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

Vacancy rates have fallen as home ownership rates have declined. Monthly rents are among the highest in the southeast region of the country. These conditions may lead to an upsurge in apartment construction.

Part 1: Putt, Putting Along: Our Regional Economy, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

We’re doing better than the nation, but seem to be stuck in neutral. The port, regional tourism and residential housing have yet to regain the ground they lost during the recession and the outlook for defense spending is uncertain.

Front Matter: The State Of The Region: Hampton Roads 2011, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

Cover, front matter, table of contents, and other materials for the 2011 The State of the Region report authored by the Regional Studies Institute at Old Dominion University.

Part 3: A Simple Guide To Transportation Needs And Planning In Hampton Roads, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

What transportation needs do we have, how are they prioritized, and is there any hope that the region and the commonwealth will have sufficient revenue available to address them?

Part 4: The Economic Plight Of African American Men In Hampton Roads, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

The worldwide recession significantly worsened the economic condition of African American men. There are multiple reasons why this was so and credible solutions often are controversial.

Part 6: The Concrete Connection: Economic Growth For Virginia's Eastern Shore?, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

The economic impact of dredging the Cape Charles Harbor exceeds $3.2 billion if it results in that site being used to produce concrete for new bridges, tunnels and wind turbines.

Part 5: Whro Marks It's 50th Anniversary, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

Virginia’s first educational, noncommercial television station has become a multimedia leader. Like most major media, however, WHRO lives in a rapidly evolving environment that could challenge its existence.

Part 7: K-12 Independent Education On Virginia's Peninsula, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

Thirty-five private (independent) K-12 schools exist on the Peninsula. Because commonwealth regulation of their activities is minimal, there is great variation in their goals, operations and transparency.

Part 8: If It Bleeds, Does It Still Lead? Local Television Evening News In Hampton Roads, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

The evening news broadcasts of the four major stations in the region continue to feature frequent reporting of violent crimes, especially by members of minority groups. WAVY featured the most crime coverage and WVEC the least.

What Influences The Changes In Reit Ceo Compensation? Evidence From Panel Data, John M. Griffith, Mohammad Najand, H. Shelton Weeks

Finance Faculty Publications

This study examines what influences the changes in REIT CEO compensation using the following performance measures: average three-year total returns to shareholders, market value added, Tobin's q, and change in funds from operations. The impact of managerial power on the change in compensation is also examined. The empirical evidence indicates that firm performance and size do not influence the change in CEO salary, while risk, tenure, title, ownership, and age have significant impacts. Bonuses are not influenced by risk, size, or CEO power; however, they are influenced by performance. Option awards are affected by performance and CEO power.

Globalization Of Chinese Firms: Theoretical Universalism Or Particularism, Ilan Alon, John Child, Shaomin Li, John R. Mcintyre

Management Faculty Publications

Research on the globalization of Chinese and other emerging markets' companies has only just begun and is on the verge of taking off. As it does so, additional thought should be given to the ontological and epistemological underpinnings of the theories attempting to capture the phenomenon. Should Western-centric theory prevail? Be adapted? Or abandoned in favour of new indigenous approaches to theorizing, based on context? Finally, should the context itself be the basis of theorizing? While the debate will not stop here, the future may hold a multiplicity of approaches, both indigenous and internationalized, for explaining emerging markets' contexts and, …

Confucianism And The Legalism: A Model Of The National Strategy Of Governance In Ancient China, Haiwen Zhou

Economics Faculty Publications

The Confucian school emphasizes family value, moral persuasions, and personal relations. Under Confucianism, there is a free-rider issue in the provision of efforts. Since national officials are chosen through personal relations, they may not be the most capable. The Legalist school emphasizes the usage of incentives and formal institutions. Under the Legalism, the ruler provides strong incentives to local officials which may lead to side effects because some activities are noncontractible. The cold-blood image of the Legalism may alien citizens. By exploiting the paternalistic relationship between the ruler and the ruled under Confucianism and the strength of institution-building under the …

Education And Economy: The Impact Of Investment In Human Capital Through Education On Unemployment, Zafer Pirim

Educational Foundations & Leadership Theses & Dissertations

The impact of investment in human capital on economy has always been discussed in the literature. Existing studies in the literature generally focus on short term impacts of investment in human capital. While some studies see significant impact, some other ones see little or no impact. This study manipulated data that was cover a long span of time, a 25-year period. In this study the researcher inquired whether there is a significant correlation between education and economy in terms of the impacts of investment in human capital on unemployment over a long span of time. In this empirical study panel …