Relationship Between Regulatory Compliance Cost, Operation Cost, And Profitability Of Credit Unions,
2019
Walden University
Relationship Between Regulatory Compliance Cost, Operation Cost, And Profitability Of Credit Unions, Maher Shbaita
Walden Dissertations and Doctoral Studies
The decline in the profitability of credit unions with less than $10 million in assets harms the number of small credit unions available to serve local communities. Grounded in the financial intermediation theory, the purpose of this quantitative correlational study was to examine the relationship between regulatory compliance costs, operation costs, and profitability. The population of this study consisted of federally insured credit unions with less than $10 million in assets and located in the state of Texas. Archival data from the National Credit Union Administration database were collected and analyzed. Multiple regression was used to identify a statistically significant …
Small Construction Business Owners' Strategies For Employee Retention,
2019
Walden University
Small Construction Business Owners' Strategies For Employee Retention, Charles H. Griner
Walden Dissertations and Doctoral Studies
Thirty-four percent of people in the United States of America work for businesses that employ fewer than 100 people. However, many small business owners lack the strategies necessary to retain their valuable employees. Businesses that fail to retain valuable employees are as much as 28% less efficient. The purpose of this qualitative multiple case study was to explore strategies small construction business owners use to retain their valuable employees. Contingency theory provided the conceptual framework. The participants were three owners of three small businesses in the construction industry located in Mississippi which implemented successful policies and procedures to retain their …
Human Resources Management Professionals' Experience With Online Degree Holders In Recruitment,
2019
Walden University
Human Resources Management Professionals' Experience With Online Degree Holders In Recruitment, Dominic Ugochukwu Isaac
Walden Dissertations and Doctoral Studies
Online degree holders in Nigeria have poor acceptability during recruitment and promotion decisions because of reliability and legality perceptions of online degrees. There is little knowledge about how human resource (HR) managers identify employability skills in online degree holders. Guided by Bills's screening conceptual framework, the purpose of this case study was to explore how Nigerian recruiters identify employability skills in online degree holders. The participants for this study consisted of 2 participants from each of 10 sectors covering the government and nongovernmental organizations; participants had at least 5 years' experience in working with online degree holders. Data were collected …
Revenue Diversification To Improve And Maintain Service Offerings Of Nonprofit Organizations,
2019
Walden University
Revenue Diversification To Improve And Maintain Service Offerings Of Nonprofit Organizations, Ganga Kosala Bandara Heengama
Walden Dissertations and Doctoral Studies
Leaders of nonprofits businesses adopt revenue diversification strategies to create innovative program services, creative ways to source materials, utilize volunteers and community partnerships, and identify business solutions related to solving societal problems. To continue providing services, it is crucial for nonprofit leaders to maintain adequate financial resources. The purpose of this single-case study was to explore revenue diversification strategies used by 3 leaders of a nonprofit organization in western California of the United States using Markowitz's modern portfolio theory as the conceptual lens. Data were collected through in-depth semistructured interviews and examination of organizational documents, internal archival data, and online …
Small Construction Business Owners' Strategies For Employee Retention,
2019
Walden University
Small Construction Business Owners' Strategies For Employee Retention, Charles H. Griner
Walden Dissertations and Doctoral Studies
Thirty-four percent of people in the United States of America work for businesses that employ fewer than 100 people. However, many small business owners lack the strategies necessary to retain their valuable employees. Businesses that fail to retain valuable employees are as much as 28% less efficient. The purpose of this qualitative multiple case study was to explore strategies small construction business owners use to retain their valuable employees. Contingency theory provided the conceptual framework. The participants were three owners of three small businesses in the construction industry located in Mississippi which implemented successful policies and procedures to retain their …
Capital Financing Strategies Of Small-Scale Contractors In Nigeria,
2019
Walden University
Capital Financing Strategies Of Small-Scale Contractors In Nigeria, Tony Emeka Anamege
Walden Dissertations and Doctoral Studies
Small-scale contractors in Nigeria, as small business owners, face challenges accessing external sources of capital financing. Inadequate sources of working capital is one of the major reasons for poor business performance and failure. A multiple case study approach was used in this study to explore how small-scale contractors obtained capital financing to grow their businesses. The study population included small-scale contractors in the construction industry in Nigeria. Credit rationing model was chosen as the conceptual framework for the study. Semistructured interviews were used to collect data from 5 participants. Data analysis included thematic coding of the data using qualitative data …
Does Managerial Risk-Taking Incentive For R&D Investments Translate To Future Earnings?,
2019
Claremont Colleges
Does Managerial Risk-Taking Incentive For R&D Investments Translate To Future Earnings?, Ha Yun Cho
CMC Senior Theses
The convex pay-off structure of executive stock options (ESO) incentivizes CEOs to increase their firm stock-return volatility, thereby increasing their wealth in option portfolio. In this paper, I address two research questions. I first test if this managerial incentive induces executives to take on more risky projects in R&D that increases stock- return volatility, hence, boosting their personal wealth. I derive vega to measure managerial incentive, and vega is a dollar change in ESO for a 0.01 change in stock- return volatility. I find that there is a positive and statistically significant relationship between vega and R&D investment, which suggests …
Financing Method And Abnormal Returns In Corporate Mergers And Acquisitions,
2019
Claremont Colleges
Financing Method And Abnormal Returns In Corporate Mergers And Acquisitions, Patrick Thomas
CMC Senior Theses
This study analyzes the impact of merger and acquisition financing method on buyer cumulative abnormal returns. The model builds on findings in previous literature by including deal structure variables, company variables, industry variables, time variables, and post-acquisition announcement return data from 2000 to 2018. The analysis does not find a statistically significant relationship between cash plus debt/stock financing and cumulative abnormal returns. However, significant coefficients for buyer and target industry suggest that deal structure varies and ultimately effects cumulative abnormal returns within specific industries. Additionally, significant results for buyer profitability and time variables provide insight on how the financial market …
Are Cds Auctions The Tail Wagging The Dog? An Empirical Study Of Corporate Bond Return Volatility At The Time Of Default,
2019
Claremont Colleges
Are Cds Auctions The Tail Wagging The Dog? An Empirical Study Of Corporate Bond Return Volatility At The Time Of Default, Jennifer Mace
CMC Senior Theses
Over the past decade, numerous engineered credit events and cases of market participants manipulating bond prices to influence Credit Default Swap (CDS) auction payouts have occurred. These cases have become increasingly common, and the CFTC has stated they may constitute market manipulation and undermine not only the CDS market but also the credit derivative and default markets. Although there is a plethora of news and media coverage on publicized cases, there is no previous empirical research on evidence of these practices. This paper is motivated by the desire to determine if there is indirect evidence of bond price manipulation around …
Deal Or No Deal: The Relationship Between Firm Determinants & Venture-Capital Financing Decisions,
2019
Claremont Colleges
Deal Or No Deal: The Relationship Between Firm Determinants & Venture-Capital Financing Decisions, Raghav Prasad
CMC Senior Theses
In this paper, I analyze how firm attributes such as their age, industry, nature of industry, spinoff status and debt ratio influence venture-capital financing decision. I look at a sample of 280 firms that went public in the United States between 2015- 2019. This paper finds that firm age and debt are negatively related to the likelihood of being venture-capital backed. It also finds that firms in technology and biotechnology industries are more likely to be backed by a venture-capitalist.
The Impacts Of Volatility Spread And Timing On Writing Non-Directional Options Strategies,
2019
Faculty of Commerce and Accountancy
The Impacts Of Volatility Spread And Timing On Writing Non-Directional Options Strategies, Thapanon Rungwittayatiwat
Chulalongkorn University Theses and Dissertations (Chula ETD)
The study examines the impacts of volatility spread and time-to-maturity on the returns of writing non-directional options strategies on SET50 index options in Thailand Futures Exchange. The study allows to use over-lapping data for the periods of 1-month, 2-month and 3-month maturities to test with the same expiration date to examine the impacts of time-to-maturity. Also, this paper adds the data of in-the-money and out-of-the-money by 25 points and 50 points call and put options to build strangle in various moneyness to find the difference of the impact of volatility spread and time-to-maturity from various moneyness.
Trade Execution During Extreme Market Conditions:Institutions Vs Retail Investors,
2019
Faculty of Commerce and Accountancy
Trade Execution During Extreme Market Conditions:Institutions Vs Retail Investors, Ciin Muan Khai
Chulalongkorn University Theses and Dissertations (Chula ETD)
No abstract provided.
The Determinants Of Thb Swap Spreads,
2019
Faculty of Commerce and Accountancy
The Determinants Of Thb Swap Spreads, Parkorn Wattanaskolpant
Chulalongkorn University Theses and Dissertations (Chula ETD)
This paper aims to investigate the determinants of THB swap spreads by combining the traditional explaining variables of previous researches, e.g., default risk premium, liquidity premium and slope of the government bond yield curve, with additional explaining variables that might be missed in the previous studies and unique in THB swap spreads, e.g., TED and macroeconomic factors during the different states of economy, which are classified by Bank of Thailand monetary policy rate and the presence of negative swap spread. The motivation is to investigate the different effect of the determinants of THB swap spread in the different market conditions …
The Analysis Of Long Term Lng Contract Pricing Structure,
2019
Faculty of Commerce and Accountancy
The Analysis Of Long Term Lng Contract Pricing Structure, Yossaran Pichiansoontorn
Chulalongkorn University Theses and Dissertations (Chula ETD)
No abstract provided.
The Disclosure Of The Intended Uses Of Proceeds And Aftermarket Trading Volume,
2019
Faculty of Commerce and Accountancy
The Disclosure Of The Intended Uses Of Proceeds And Aftermarket Trading Volume, Pornpimol Wongsiri
Chulalongkorn University Theses and Dissertations (Chula ETD)
This study aims to provide empirical evidence to support the idea of signaling in a situation with high information asymmetry. We attempt to understand how IPO issuer’s expectation on its aftermarket trading volume may affect its disclosure decision of the intended use of proceeds. The sample consists of IPOs between January 1, 2000 and December 31, 2019 from 5 countries, including Australia, Indonesia, Philippine, Singapore, and Thailand. By using the expected turnover estimated from 3 approaches, we find empirical evidence suggesting that IPO issuers with low expected aftermarket turnover tend to disclose highly detailed information on the uses of proceeds. …
What Drives Merger Waves? A Study Of The Seven Historical Merger Waves In The U.S.,
2019
Claremont Colleges
What Drives Merger Waves? A Study Of The Seven Historical Merger Waves In The U.S., Katherine Ching
Scripps Senior Theses
Historically, merger and acquisition (or M&A) activity has occurred in cyclical patterns, forming what are known as “merger waves.” To date, there have been a total of seven waves. Though it is widely acknowledged that merger waves exist, there is no consensus on what drives these waves. Through both qualitative and quantitative analysis, this paper aims to determine the causes of merger waves and looks at those causes through two different lenses: the neoclassical view, which states that economic shocks cause merger waves, and the behavioral view, which states that increases in merger activity are due to managerial behavior and …
Crummer Suntrust Portfolio Recommendations: Crummer Investment Management [2019],
2019
Rollins College
Crummer Suntrust Portfolio Recommendations: Crummer Investment Management [2019], Tim Foard, Omar Hussein, Mary Karangelen, Rasha Mesharafa, Appy Nahar, Sarah Passero, Sam Philpott
Crummer Truist Portfolios
SunTrust endowed this portfolio to provide scholarships for future Crummer students and to give current students a practical, hands on learning opportunity. This year we are pleased to be able to award $50,000 in scholarships. We are extremely grateful for SunTrust’s generosity and investment in higher education. We have all learned a great deal from this experience and the responsibility of managing real money. Our first challenge is to establish a portfolio position that takes advantage of economic opportunities while avoiding unnecessary risk and conforming to the Crummer SunTrust Investment Policy Statement (IPS). We are also tasked by the IPS …
Essays On External Forces In Capital Markets,
2019
University of Kentucky
Essays On External Forces In Capital Markets, Marcus Painter
Theses and Dissertations--Finance and Quantitative Methods
In the first chapter, I find counties more likely to be affected by climate change pay more in underwriting fees and initial yields to issue long-term municipal bonds compared to counties unlikely to be affected by climate change. This difference disappears when comparing short-term municipal bonds, implying the market prices climate change risks for long-term securities only. Higher issuance costs for climate risk counties are driven by bonds with lower credit ratings. Investor attention is a driving factor, as the difference in issuance costs on bonds issued by climate and non-climate affected counties increases after the release of the 2006 …
The Nature Of Latin American Markets In The Presence Of Credit Events,
2019
Claremont Colleges
The Nature Of Latin American Markets In The Presence Of Credit Events, Patricio Aguilar
CMC Senior Theses
In the past two decades the Latin American region has experienced a number of credit crises stemming from large sovereign debt levels and sharp currency devaluations. This study aims to discover whether or not the sovereign credit default swaps (CDS) in the Latin American region lead equity markets prior to these sovereign credit events. Through a sample of the seven largest Latin American economies and daily return data from 2001 to 2018, I try to empirically test this question through a Generalized Least Squared model. The paper finds little significant evidence of CDS leading equity markets in price discovery prior …
Are Women Executives Hurting Firm Performance? An Examination Of Gender Diversity On Firm Risk, Performance, And Executive Compensation,
2019
Claremont McKenna College
Are Women Executives Hurting Firm Performance? An Examination Of Gender Diversity On Firm Risk, Performance, And Executive Compensation, Krystal Diane Sung
CMC Senior Theses
In order to assess the continuing imbalance of top executives between genders, I examine the effects of gender diversity within top management teams on firm risk, performance, and executive compensation. Capitalizing on previous analysis, I apply three unique differentiators. First, I utilize current data from 2012 to 2017 from Compustat, CRSP, and ExecuComp. Second, I provide a unique subset view on a firm and individual performance of female CEOs to examine executive compensation. Third, my scope of analysis expands to S&P Composite 1500 companies. I use separate models to estimate the effect of gender diversity on firm risk by examining …
