Solving A Hybrid Batch Production Problem With Unreliable Equipment And Quality Reassurance,
2021
Chaoyang University of Technology
Solving A Hybrid Batch Production Problem With Unreliable Equipment And Quality Reassurance, Singa Wang Chiu, Hua Yao Wu, Tsu Ming Yeh, Yunsen Wang
Department of Accounting and Finance Faculty Scholarship and Creative Works
A hybrid batch fabrication plan involving an outsourcing option is often established to deal with the in-house capacity constraint and/or meet timely demand with a reduced cycle time. Besides, the occurrences of unpredictable equipment malfunction and imperfect product quality should also be effectively managed during in-house fabrication to meet the production schedule and the required quality level. To address these concerns, we examine a hybrid economic production quantity (EPQ) problem with an unreliable machine and quality reassurance; wherein, an outside provider helps supply a portion of the batch at a requested timing and desirable quality, but at the price of …
The Influence Of Expedited Fabrication Rate, Unreliable Machines, Scrap, And Rework On The Production Runtime Decision In A Vendor-Buyer Coordinated Environment,
2021
Ramapo College of New Jersey
The Influence Of Expedited Fabrication Rate, Unreliable Machines, Scrap, And Rework On The Production Runtime Decision In A Vendor-Buyer Coordinated Environment, Yuan Shyi Peter Chiu, Yunsen Wang, Tiffany Chiu, Peng Cheng Sung
Department of Accounting and Finance Faculty Scholarship and Creative Works
Transnational manufacturing firms operate in highly competitive marketplaces. This means that they are continuously seeking ways to reduce order response and fabrication cycle times, maintain the desired product quality, manage unanticipated machine failures, and provide timely delivery to effectively minimize overall operating cost and maintain a competitive advantage over their intra-supply chains. To assist firms in achieving these operational goals, we examine a buyer-vendor coordinated system with an expedited fabrication rate, unreliable machines, scrap, and rework, with the objective of minimizing the overall operating costs. An imperfect manufacturing process is assumed, which arbitrarily produces repairable and scrap items, with the …
Ambiguity Aversion And Experiential Learning: Implications For Long-Term Savings Decisions,
2021
Butler University
Ambiguity Aversion And Experiential Learning: Implications For Long-Term Savings Decisions, Bryan Foltice, Rachel Rogers
Scholarship and Professional Work - Business
This paper evaluates potential methods for reducing ambiguity surrounding returns on equity to improve long-term savings decisions. We evaluate 221 undergraduate students in the U.S. and first assess the degree of ambiguity aversion exhibited by individuals in the sample population as they decide between a risky (known probability) option and ambiguous (unknown probability) option pertaining to their chances of winning $0 or $1 in a hypothetical lottery. Allowing participants to experience the underlying probability through sampling significantly influences behavior, as participants were more likely to select the ambiguous option after sampling. Similarly, we test whether sampling historical return data through …
Do Covid-19 Cases And Government Response To Covid-19 Drive Mispricing In Cross-Listed Companies?,
2021
Faculty of Commerce and Accountancy
Do Covid-19 Cases And Government Response To Covid-19 Drive Mispricing In Cross-Listed Companies?, Chomtarn Junanukul
Chulalongkorn University Theses and Dissertations (Chula ETD)
This research is to examine impact of COVID-19 cases and government response to COVID-19 to cross-listed companies’ stock return, mispricing and volatility of the mispricing, using evidence from 164 Canadian companies’ stocks listed on Toronto Stock Exchange (TSX shares) and cross-listed in New York Stock Exchange or NASDAQ (US shares). Our results show that there is negative impact from growth of COVID-19 cases to stock return and positive impact from government response to COVID-19 to stock return in both Canada and US. As for impact to mispricing, using price premium of stock listed in Canada relative to US as a …
Effect Of Servant Leadership On Job Satisfaction In Nigerian Mortgage Banks,
2021
Walden University
Effect Of Servant Leadership On Job Satisfaction In Nigerian Mortgage Banks, Adedayo Aderemi Olatunbode
Walden Dissertations and Doctoral Studies
AbstractSeveral researchers examined the relationship between servant leadership and job satisfaction in organizations and reported a significant positive correlation between the two variables. However, the generalizability of these results was limited because 97% of the studies were conducted in the West and China, and none were conducted in Nigeria or in mortgage banks. The purpose of this nonexperimental, quantitative, correlational study was to examine the relationship between servant leadership and job satisfaction in a high-power distance culture, specifically in the mortgage bank industry in Nigeria. The theoretical frameworks were the leader-member exchange theory and motivation-hygiene theory. The research questions addressed …
Foreign Direct Investment And The Roles Of Multinational Entreprise,
2021
Walden University
Foreign Direct Investment And The Roles Of Multinational Entreprise, Belay Mekuria Tessema
Walden Dissertations and Doctoral Studies
AbstractSub-Saharan Africa (SSA) countries experienced successive declines in foreign direct investment (FDI) flows in the textile and apparel manufacturing sector because of a range of macro and micro factors. Leaders of textile and garment organizations who fail to increase FDI are at risk of failure. Grounded in eclectic theory (OLI paradigm), the purpose of this qualitative single case study was to explore strategies leaders of textile and garment organizations use to increase FDI for enabling business profitability and growth. The participants comprised four senior leaders from one textile and garment organization in Hawassa, Ethiopia, who effectively implemented strategies to increase …
Business Sustainability Strategies Of Small And Medium Enterprises In South Africa,
2021
Walden University
Business Sustainability Strategies Of Small And Medium Enterprises In South Africa, Celestine Chiedo Aharanwa
Walden Dissertations and Doctoral Studies
AbstractSmall and medium-sized enterprises (SMEs) constitute a crucial driving force for global economic growth. Some SME business owners face challenges in adopting business sustainability strategies to stay in business beyond five years. The ravages of unemployment due to business closure negatively impact the socio-economic wellbeing of the local community residents. Grounded in the sustainable development theory, the purpose of this multiple case study was to explore strategies SME business owners in South Africa use to stay in business beyond five years. The participants comprised six SME business owners from six industrial sectors in the Gauteng province of South Africa who …
Bank Employees’ Lived Experiences With The Implementation Of Innovative Financial Technologies,
2021
Walden University
Bank Employees’ Lived Experiences With The Implementation Of Innovative Financial Technologies, Gloria L. Cortes
Walden Dissertations and Doctoral Studies
In recent academic research, the process of financial innovation has been explored with a focus on customer adoption, the process of implementing change, and performance. An underresearched topic within existing financial innovation research is how individuals experience the process of innovation. The research question guiding this study was to explore the lived experiences of bank employees regarding the implementation of innovative financial technology solutions in a highly regulated environment. An interpretive phenomenological approach was utilized within this study to explore the experiences of 18 individuals who participated in the implementation of innovative financial technology solutions while employed at a bank. …
Insider Ownership And The Performance Effects Of Firm Diversification In Nigeria,
2021
Walden University
Insider Ownership And The Performance Effects Of Firm Diversification In Nigeria, Ibeawuchi Ibekwe
Walden Dissertations and Doctoral Studies
Despite the preponderance of diversified firms, the diversification–performance (D–P) relationship and how insider ownership moderates it in Nigeria remains unclear and a concern for decision makers interested in the survival of firms and their contributions to society. This quantitative study was conducted to examine the D–P relationship and how it is associated with insider ownership in Nigeria. Agency theory and institution-based theory formed the theoretical foundation of this study. Four research questions that focused on how diversification is related to firm performance and how insider ownership moderates this relationship were answered using the panel design variant of correlational research. Data …
Public Investment, Foreign Direct Investment, And Budget Deficit,
2021
Walden University
Public Investment, Foreign Direct Investment, And Budget Deficit, Komi Koutche
Walden Dissertations and Doctoral Studies
AbstractThe budget deficit is a worldwide economic problem that reduces the effectiveness of public policies in public finance. Public business leaders and theorists struggle to find appropriate solutions to address the budget deficit. However, in most countries, the budget deficit is still one of the most critical challenges. Grounded in Keynes’s general theory, the purpose of this quantitative correlational study was to examine the relationship between public investment, foreign direct investment, and budget deficit. Secondary data collected from the World Bank website representing the 76 low-income and low-middle-income countries were analyzed using multiple regression. The multiple linear regression results indicated …
Strategies For Reducing Conflicting Organizational Issues Of Cross-Border Mergers And Acquisitions In West Africa,
2021
Walden University
Strategies For Reducing Conflicting Organizational Issues Of Cross-Border Mergers And Acquisitions In West Africa, Ernest Mfobujong Ngwa
Walden Dissertations and Doctoral Studies
West African companies witnessed a reduction in cross-border merger and acquisition (CBMA) activities in 2017 resulting in an $11 billion decrease in foreign direct investment. In addition, West African CBMA executives who do not reduce postmerger organizational issues are less likely to attract foreign direct investment, resulting in lower economic productivity. Grounded in Tannenbaum and Schmidt’s situational leadership theory, the purpose of this qualitative multiple case study was to explore strategies some CBMA executives use to reduce conflicting organizational issues in CBMAs to increase economic productivity. The participants comprised five CBMA executives of organizations active in CBMA in West Africa …
Financing Strategies For Small And Medium Enterprises In Mexico,
2021
Walden University
Financing Strategies For Small And Medium Enterprises In Mexico, Mónica Nuñez Huerta
Walden Dissertations and Doctoral Studies
At least 33% of small and medium enterprises (SMEs) in Mexico do not survive the first year and 65% close during the first 5 years of operations. SME survival is essential for a globally competitive market and professional development opportunities for SME employees. Grounded in the pecking order theory, the purpose of this qualitative multiple case study was to explore strategies four Mexican SME leaders used to obtain appropriate financing for their sustainability and growth during and beyond 5 years of beginning operations. Data were collected from semistructured interviews, organizational documents, and social media platforms. Data were analyzed using thematic …
Don’T Get Screwed: What Factors Determine The Inclusion Of J. Crew Blockers?,
2021
Claremont Colleges
Don’T Get Screwed: What Factors Determine The Inclusion Of J. Crew Blockers?, Michael Sill
CMC Senior Theses
A “J. Crew Maneuver” is a type of collateral-stripping event that transfers the value of a nearly insolvent company from the lender to the borrower. This concept matters to lenders because it exposes them to significant downside risk through the loss of hundreds of millions of pledged collateral. While credit analysts and debt lawyers have commented on the importance of preserving creditor value ex ante through lender-protective clauses embedded within debt documents, this paper breaks ground on empirically studying the determinants of these protective clauses known as “J. Crew Blockers”. I hypothesize that private equity backing, a contractionary credit environment, …
Zoom In, Class Out: An Event Study On Publicly Traded Ed Tech Firm Valuations During Covid-19,
2021
Claremont McKenna College
Zoom In, Class Out: An Event Study On Publicly Traded Ed Tech Firm Valuations During Covid-19, Matiss Ozols
CMC Senior Theses
This paper examines how publicly traded Ed Tech firms reacted to negative announcements regarding COVID-19. Using an event study method, I document how an international portfolio of Ed Tech firms react across multiple event windows. The results show that Ed Tech firms reacted positively to the announcement of the first US death and negatively to the World Health Organization’s declaration that COVID-19 was a pandemic. Additionally, differences in geographical location did not impact cumulative abnormal returns across event windows. Finally, firm-specific characteristics such as volatility and financial leverage had little or no significance on stock returns.
How Good Are Equity Analysts? Investigating The Impact Of Analyst Recommendations On Portfolio Performance,
2021
Claremont Colleges
How Good Are Equity Analysts? Investigating The Impact Of Analyst Recommendations On Portfolio Performance, Maxwell Dawson
CMC Senior Theses
This paper lies at the convergence of the portfolio optimization literature and the equity research industry. I attempt to quantify the benefit provided to an investor by equity analysts from an asset allocation perspective, and hypothesize that no significant benefit exists because of the incentive misalignments facing analysts as well as the inherent difficulty of valuing stocks. Using a Bayesian regression framework with prior beliefs for alpha generated based on equity analysts’ recommendations, I find no significant difference in out-of-sample performance between portfolios which take analyst recommendations into account and portfolios which do not.
Intellectual Capital's Impact On Corporate Performance During The Age Of Digitalization And The Covid-19 Pandemic,
2021
Claremont Colleges
Intellectual Capital's Impact On Corporate Performance During The Age Of Digitalization And The Covid-19 Pandemic, Chance Sears
CMC Senior Theses
The purpose of this paper is to examine the relationship between intellectual capital and firms’ financial and market performance during the peak levels of digitalization, focusing on the COVID-19 Pandemic. Utilizing the recently validated Value Added Intellectual Coefficient (VAIC), alongside its necessary controls, I conduct an empirical analysis on North American firms over the period of 2010-2020 using fixed effects and pooled ordinary least squares analysis. Findings from the empirical analysis provide evidence that intellectual capital is a driving factor in enhancing firms’ financial and market performance. Additionally, results indicate that the COVID-19 pandemic increased the impact of intellectual capital …
Soft Information And The Underpricing Of Reit Seasoned Equity Offerings,
2021
Brigham Young University - Provo
Soft Information And The Underpricing Of Reit Seasoned Equity Offerings, James C. Brau, J. Troy Carpenter, James E. Cicon, Shelly Howton
Faculty Publications
Using a sample of 1,429 seasoned equity offerings (SEOs) by real estate investment trusts (REITs), we use content analysis to test whether the soft information in a company’s offering prospectus influences SEO underpricing. After controlling for relevant variables, we find that companies that use more positive (negative) words in their filings are negatively (positively) related to SEO underpricing. We posit that in REIT SEOs more positive and fewer negative words decrease investor pricing uncertainty (fear) of the offer and as a result experience less underpricing.
Models Behaving Badly: The Limits Of Data-Driven Lending,
2021
The Ohio State University
Models Behaving Badly: The Limits Of Data-Driven Lending, Itzhak Ben-David, Mark J. Johnson, René M. Stulz
Faculty Publications
Data-driven lending relies on the calibration of models using training periods. We find that this type of lending is not resilient in the presence of economic conditions that are materially different from those experienced during the training period. Using data from a small business fintech lending platform, we document that the small business credit supply collapsed during the COVID-19 crisis of March 2020 even though the demand for loans doubled relative to pre-pandemic levels. As the month progressed, most lenders significantly reduced or halted their lending activities, likely due to the heightened risk of model miscalibration under the new economic …
Are Monthly Market Returns Predictable?,
2021
National University of Singapore
Are Monthly Market Returns Predictable?, Jussi Keppo, Tyler Shumway, Daniel Weagley
Faculty Publications
We document significant persistence in the market timing performance of active individual investors, suggesting that some investors are skilled at timing. Using data on all trades by active Finnish individual investors over almost 15 years, we also show that the net purchases of skilled versus unskilled investors predict monthly market returns. Our results lend credibility to the view that market returns are predictable, without having to specify which variables active investors use to successfully time the market.
Specialization And Institutional Investors’ Performance – Evidence From Publicly Traded Real Estate,
2021
Florida International University
Specialization And Institutional Investors’ Performance – Evidence From Publicly Traded Real Estate, Eli Beracha, George D. Cashman, Hilla Skiba
Finance Faculty Research and Publications
We examine the extent to which 50,620 global institutional investors’ specialization in publicly traded real estate securities is related to their investment performance. Consistent with the information advantage theory (Merton Journal of Finance 42, 483–510, 1987; Van Nieuwerburgh and Veldkamp Journal of Finance, 64, 1187–1215, 2009), we show a positive relation between the percentage of the institution’s portfolio invested in real estate securities and the return generated on those securities. Moreover, we present evidence that the institution’s level of active share to real estate securities is positively related to performance. Additionally, we find that the benefits related to …
