Finance and Financial Management Commons^™

Tourism Dependency: Prosperity Or Precarity, Samson Eby

Finance Undergraduate Honors Theses

Tourism Dependency: Prosperity or Precarity

Is being tourism dependent in a developing country a beneficial tool to use to grow economics

The Long Tail: Business Viability After The Crisis, Emma M. Woo-Ming

Economics Undergraduate Honors Theses

This thesis examines the barriers to business growth and youth development in Dangriga, Belize, within the broader context of post-crisis economic recovery. Despite Belize’s record-breaking tourism arrivals in 2024, Dangriga has not experienced parallel growth, hindered by limited government support, insufficient infrastructure, and gaps in workforce readiness. Through field research, stakeholder interviews, and the development of tailored business strategies, this project identified critical needs in risk assessment, collaboration, and youth engagement. The findings underscore the interconnectedness of politics, culture, and economics in shaping local business ecosystems, and highlight the importance of adaptable, context-specific solutions over the direct application of models …

Unearthing Potential: Impact Investors’ Perspectives On Egypt’S Social Enterprise Market, Yousef Hesham Shoukry

Theses and Dissertations

This thesis examines impact investing in Egypt from the vantage point of the impact investors, revealing that Egypt's constraint is not the availability of capital but its direction, as the absence of legal recognition, coordinated intermediaries, and a shared impact-measurement standard keeps capital out of a market otherwise rich in social enterprise potential. The study employed a constructivist grounded theory approach, drawing on eleven semi-structured interviews with impact fund managers, ecosystem enablers, and public-sector policy advisors operating in or considering Egypt's social enterprise market. Data revealed that practitioners converge on the founding principles of impact investment (combined financial and social …

Esg News-Based Public Sentiment, Media Attention And Stock Price Crash Risk, Kesara Hewage, Subhash Abhayawansa, Mardy Chiah

Research outputs 2022 to 2026

Purpose: This study aims to examine whether media-driven public perception of a firm’s environmental, social and governance performance (i.e. ESG news sentiment) and its media attention are associated with subsequent stock price crash risk. Using public sentiment formed from ESG news alone – separate from firms’ self-reported ESG performance – study investigates whether media-based ESG information provides incremental informational content about crash risk beyond disclosure-based ESG metrics.

Design/methodology/approach: The authors analyse more than 34, 000 semi-annual firm-level observations for US-listed firms from 2011 to 2021, using Refinitiv MarketPsych ESG sentiment and media attention data. They conduct cross-sectional and channel tests …

Labor Mobility, Managerial Evaluation Risk, And Corporate Performance Disclosures, Justin Hung Nguyen, Buhui Qiu, Cameron Truong

Research outputs 2022 to 2026

This study documents that managers of firms with greater labor mobility (LM) face higher personal evaluation risk (i.e., higher likelihood of performance-driven forced turnover), especially among firms with more transparent performance disclosures. Moreover, managers of high-LM firms tend to adopt lower-quality performance disclosures (i.e., lower financial statement readability, earnings quality, and accounting conservatism) to mitigate their personal evaluation risk. The effect of LM on performance disclosure quality is stronger for firms whose managers are more concerned about personal evaluation risk, but is weaker for firms headquartered in states that restrain mobility. Finally, low-quality disclosures by high-LM firms attract a valuation …

Nov. 2026 Mda Insurance - Could Your Practice Be Vulnerable To Embezzlement?, Reva Darling

The Journal of the Michigan Dental Association

This feature highlights internal financial risks facing dental practices, noting that up to 70% of dentists may experience embezzlement during their careers. Citing high-profile Michigan fraud cases, author Reva Darling outlines critical behavioral warning signs of internal theft, such as resistance to duty cross-training or reluctance to take vacations. It introduces Prosperident’s free Embezzlement Risk Assessment Questionnaire for MDA members to evaluate vulnerabilities and establish robust internal controls.

The Nevada Innovation Economy And Federal Funding, Len Jessup, Sean Curry

Policy Briefs and Reports

This policy brief examines the nascent Nevada innovation economy and the funding capacity of the federal government. The analysis highlights how federal innovation programs have stimulated research, commercialization, and long-term economic development in Nevada. Using a multi-level framework encompassing technological, industrial, and spatial innovation, this policy brief documents how federal research funding, augmented by state programs and university infrastructure, has contributed to the formation of new research capabilities, seeded industry clusters and startups, and expanded workforce capacity. The findings suggest that federal resources have been productively deployed to date, generating significant scientific, economic, and social returns, but that more must …

Ledger Of Bills Payable , Receivable, Expenses (1853, 1854, 1855), Lagrange College

Documents

A ledger of bills payable to LaGrange College, an early predecessor of the University of North Alabama, from the years 1853-1855.

Retaking The Pulse Of The Real Economy Using Financial Statements: Validation And Extension, Nathan Parrotte, Narayan Ramasubbu, Ahmed Elshahat

Annual DBA Scholars Conference

Financial statements provided by publicly traded firms inform shareholders about the present state of a firm. While it is natural to consider public financial statements at the firm level, what benefits could be gained from their aggregation? Present research on this is limited with the most relevant recent research being done by Konchitchki and Patatoukas (2014), with their results highly supporting the argument that public financial statement analysis can be used to understand “the pulse” of the real economy. This study not only replicates their study validating it, but it will also expand the timeline to the end of 2025.

The Law Of General Average, Luca Anderlini, Joshua C. Teitelbaum

Georgetown Law Faculty Publications and Other Works

Part of a ship’s cargo is jettisoned in order to save the vessel and the remaining cargo from imminent peril. How should the loss be shared among the cargo owners? The law of general average, an ancient principle of maritime law, prescribes that the owners share the loss proportionally according to the respective values of their cargo. We analyze whether the law of general average is a truthful and efficient mechanism. That is, we investigate whether it induces truthful reporting of cargo values and yields a Pareto efficient allocation in equilibrium. We show that the law of general average is …

Billion Dollar Whale, David Mcclough

The Journal of Economics and Politics

No abstract provided.

Money Talks: What Parents Are And Aren’T Teaching Kids About Financial Literacy, Joseph D. Foresi, Robert J. Glew

Annual DBA Scholars Conference

Financial literacy among young adults remains low despite the family's central role in early financial socialization. This study examines the relationship between parental financial socialization and children's financial literacy, extending the LeBaron-Black et al. (2022) parent financial socialization survey to incorporate cornerstone financial literacy concepts including budgeting, saving, borrowing, and investing (Redmund, 2010). Survey results reveal that while many parents introduce their children to basic financial concepts, they systematically fall short of teaching the foundational literacy skills associated with long-term financial well-being.

Microbusiness Owner-Managers And Financial Planning: A Transtheoretical Model Of Behaviour Change Approach, Christopher L. Gorman

Annual DBA Scholars Conference

The practitioner-scholar proposes a cross-sectional study to investigate how microbusiness owner-managers adopt financial planning behaviour through the lens of the Transtheoretical Model of Behaviour Change (TTM). The study will examine the TTM’s stages of change and the factors that influence these owner-managers’ decisions to engage in financial planning. By applying a behaviour change framework to an underexplored area of financial planning research, the study will aim to identify barriers and opportunities to microbusiness owners’ adoption of financial planning. The findings will inform strategies CFP^® professionals can use to enhance client engagement, communication, and decision-making among microbusiness owner-managers.

Operating Costs, Liquidity, And Demographic Pressures In Tanzania's Reformed Public Pension System (2004–2024), Athumani S. Mbuttuka, Ellinami J. Minja, Siasa I. Mzenzi

Business Management Review

The efficiency of public pension systems is critical for accumulating old-age savings and reducing fiscal pressures. This study evaluated Tanzania’s reformed public pension system from 2004 to 2024, covering pre- and post-merger periods, using longitudinal financial data and benchmarking indicators, including cost-to-contribution, cost-to-asset, payout, and dependency ratios, against regulatory and OECD levels. One-tailed sample t-tests compared efficiency and sustainability metrics against benchmarks. Findings show that operating costs averaged 2.8% of assets and administrative cost-to-contribution averaged 11.8%, exceeding the OECD average of 1.6% and the regulatory ceiling of 10%, respectively. Although operating-cost ratios declined after the 2018 restructuring, costs generally remained …

Modelling The Financial Viability Of Offshore Aquaculture Using A Case Study Of A Sea Bass Farm In The Bay Of Lion, France, Jeremy Van Dyken, Houshang Habibniya, Suzan Dsouza, Tyler Sclodnick

Journal of Ocean and Coastal Economics

The extension of net pen aquaculture to open ocean sites provides many advantages to the industry including opportunity for expansion, utilization of high energy sites, and better resilience to certain near shore or surface-associated stressors. The industry has been slow to develop due to high perceived risks and a lack of operating farms to provide financial information for open ocean farm operations. A model was developed to evaluate the economic viability of a hypothetical sea bass aquaculture venture in the open French Mediterranean Sea that utilizes open ocean submersible farming systems. Advanced open ocean equipment, including submersible net pens, environmental …

Oct. 2026 - Mda Insurance: Online Open Enrollment Now Available For Mda Health Plan, Craig Start

The Journal of the Michigan Dental Association

This article details the 2027 health insurance open enrollment process and deadlines for Michigan Dental Association members, their families, and practice staff. It introduces a new, secure online portal via Employee Navigator for managing the MDA Health Plan, specifying enrollment windows for plan sponsors and employees. The guide covers individual Marketplace plans, group health coverages, Medicare Supplement plans, and Medicare Advantage options. MDA Insurance account executives offer personalized assistance to help practice owners and individuals compare plans, navigate coverage choices, and ensure seamless enrollment.

Impact Of Corporate Governance On Achieving Desired Corporate Hedging Outcomes, Shweta Chitalia

Harrisburg University Dissertations and Theses

Corporate derivative hedging is intended to manage financial exposures, stabilize cash flows, and support organizational risk-management objectives; however, limited public evidence exists regarding how governance structures influence hedge evaluation, approval, and timely execution. This qualitative descriptive study examined how corporate governance was publicly described in relation to derivative hedging among large U.S. nonfinancial corporations. The study analyzed one publicly available Form 10-K filing from each of 25 purposively selected S&P 500 nonfinancial firms reporting active derivative hedging programs. Data were collected from SEC filings and organized in an Excel-based audit trail containing a document log, excerpt-level coding records, codebook, firm …

Unraveling The Connectedness Between Non-Fungible Tokens, Decentralized Finance, And Green Assets During Turbulent Times, Rija Anwar, Syed Ali Raza

Business Review

Green assets during the Bitcoin plummet-2018, COVID-2019, worldwide decline in oil demand-2020, and the Russia-Ukraine Conflict. The quantile connectedness approach, combined with the extreme tail of distribution technique (Ando et al., 2021), has been employed. According to static quantile connectedness, NFTs and DeFi assets perform the role of spillover transmitters; in contrast, green assets receive spillovers across three distinctive market settings. Additionally, the dynamic time-varying net directional connectedness estimates reveal that during normal market condition, the connectedness degree between NFTs, DeFi assets, and green assets remains low relative to extreme events at different point in time. Moreover, it provides valuable …

Green Finance’S Role In Bank Risk: Empirical Evidence From The Emerging Economy, Viverita Viverita, Dwi Nastiti Danarsari, Ratih Dyah Kusumastuti, Ruhaini Muda

Journal of Environmental Science and Sustainable Development

Indonesia’s Financial Services Authority (OJK)’s sustainable finance roadmap, phases I and II, primarily aims to facilitate sustainable development by integrating economic, social, and environmental considerations into financial policies. A special objective is to promote the development of green financial products and services. This policy allows banks to mitigate reputational and regulatory challenges. Nevertheless, the prompt implementation of green credit may entail transition risks, such as policy adjustment costs. A limited body of research examines the direct relationship between green finance and bank risk, particularly in the context of sustainability mandates. This study analyzes the influence of green finance on banking …

The Efficient Market Hypothesis In Youth Entrepreneurship: Understanding, Application, And Contextual Factors — A Systematic Literature Review, Omari Khalifa Mbura Prof,, Binto M. Binto

Business Management Review

This systematic literature review explores how youth entrepreneurs understand and apply the Efficient Market Hypothesis (EMH) in their decision-making, and examines the contextual factors influencing the decision-making nexus. Guided by a post-positivist framework, the review synthesises extant literature across youth entrepreneurship, finance, and digital strategy to map emerging themes and identify knowledge gaps. It covered a sample of 38 peer-reviewed articles, selected in accordance with the PRISMA guidelines. Findings of the systematic literature review show that youth entrepreneurs' engagement with EMH is largely experiential and indirect, influenced by digital literacy, social learning, and the realities of rapidly changing market environments. …