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 …

Three Essays On Sustainable Finance And Market Microstructure, Hien Nguyen, Madhu Kalimipalli, Laleh Samarbaksh, Amanjot Singh, Si Li

Theses and Dissertations (Comprehensive)

Paper 1: Employee Whistleblowing and Corporate Environmental Performance

Abstract: Does employee whistleblowing improve the future environmental performance of firms? We address this question by studying how firm level regulatory violations initiated due to employee led whistleblowing concerns are related to subsequent climate risks. We show that whistleblowing of workplace safety and health hazards leads to significant reduction in firm level carbon emissions. The results are robust to alternative climate risk measures and endogeneity tests, where we exploit two sources of exogenous variation in whistleblowing incentives: (a) state-level changes in unemployment insurance benefits, and (b) state pension fund holdings with False …

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 …

Financial Inclusion And Npas: Implications For Bank Profitability In India, Jyoti Parjapati, Latika Sharma, Dr. Jai Kishan Chandel

Bulletin of Monetary Economics and Banking

Financial inclusion, NPAs, and bank profitability are well-studied, but not in developing nations. In 2005 06 to 2022-23 panel data, Financial Inclusion (FI) and Non-Performing Assets (NPA) affect Indian public and private bank profitability. Quantile regression examines bank profitability’s impact. Non-performing asset management enhances bank profitability, highlighting the long-term benefits of inclusion schemes with effective risk management. The study shows that bank profitability and type affect these three factors. Banks’ large client bases boost profitability, while administrative costs lower it. FI benefits private banks but damages state banks. The essay urges authorities to include NPA in financial inclusion to enhance …

An Empirical Framework For Measuring Corporate Social Responsibility (Csr) Disclosure Tone And Its Financial Implications, Ankur Agarwal, Shashi Prabha Dr., Raghav Yadav Dr.

Bulletin of Monetary Economics and Banking

This study introduces a model that measures the tone of Corporate Social Responsibility (CSR) disclosures in U.S. Securities and Exchange Commission (SEC) submissions and examines its association with corporate performance. We systematically gather Form 10-K and Form 20-F filings along with related eXtensible Business Reporting Language (XBRL) information from the Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system, identify CSR-related excerpts utilising a specialised sustainability lexicon, and evaluate sentiment of the excerpts using Financial Bidirectional Encoder Representations from Transformers (FinBERT) to develop firm-year CSR tone metrics. Financial data are standardized and supplemented with key metrics (e.g., Net Margin, Return on …

The Enablers Of Green Banking Awareness: A Structural Model Of Customers’ Perceptions In India, Manish Kumar, Sushil Kumar Mehta, Muntazir Abass

Bulletin of Monetary Economics and Banking

Green banking is transforming financial environments, although its implementation in developing nations is still little examined. This research investigates the factors influencing Green Banking Awareness (GBA) in India, a rising economy where sustainable finance is becoming increasingly prominent. Utilising Stakeholder Theory (ST), the research examines the impact of Service Quality (SQ), Sustainability and Resource Efficiency (SRE), Commitment and Infrastructure (CI), and Trust and Consumer Influence (TCI) on GBA. Data were gathered from 240 banking clients and examined with Partial Least Squares Structural Equation Modelling (PLS-SEM). The results indicate that SQ, SRE, and CI have a substantial positive effect on GBA, …

Effects Of Information System–Related Audit Attributes On Public Procurement Process: Evidence From Tanzanian Lgas, Neema Emmanuel Mbiha Ms, Haruni Jeremia Mapesa Prof, Alex Reuben Kira Mr

Business Management Review

The present study examines the influence of characteristics of the audit related to the informational system on the public procurement process (PPP) for Tanzanian Local Government Authorities (LGAs). Utilizing PLS-SEM (with SmartPLS 4) and surveys distributed to Chief Internal Auditors and Heads of Procurement Management Units across 126 councils (252 total respondents), this study explores the role of information system training, adoption, competency and confidence on PPP performance. The measurement model demonstrates adequate reliability and validity. Structural results indicate that all four attributes have positive and significant effects on PPP, with information system competency having the strongest effect (β = …

Determinants Of Financial Inclusion In Tanzania, Amour S. Mpojota, Deograsias P. Mushi, Wilhelm Ngasamiaku

Business Management Review

The purpose of this study is to investigate the factors influencing financial inclusion in Tanzania. This includes financial literacy, socio-economic, digital and institutional factors. The data were obtained from a cross-sectional survey conducted by Financial Sector Deepening Trust in 2023. It included 7918 respondents from 148 districts. Baseline probit, control function and instrumental variable probit regression analyses were performed to account for any endogeneity problems relating to financial literacy. The econometric analysis indicates that there is a positive relationship between financial education and financial inclusion for all three models. The estimated coefficients varied substantially across specifications, raising concerns about their …

Provisioning Practices Of Nigerian Banks: Examining The Influence Of Training Quality Of Board Members, Ahmad Bukola Uthman, Abdulai Agbaje Salami

Bulletin of Monetary Economics and Banking

This research investigates the impact of the quality of training received by bank board members on income smoothing practices through loan loss provisions in Nigeria. Analysing bank-specific data from 2010 to 2021, it reveals that enhanced incomesmoothing practices correlate with a higher index of first-degree qualifications in business and finance, as well as graduate qualifications from Eduniversal-ranked international business schools. Conversely, the study presents opposing findings regarding graduate qualifications from Eduniversal-ranked domestic institutions and certifications from executive development programmes at Eduniversal-ranked business schools. These findings underscore the beneficial influence of having financially proficient bank board members with pertinent first-degree and …

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.

Optimality-Based Characterizations Of Linear Residual Risk Sharing, Jiajie Yang

Mathematics and Statistics Faculty Publications

In this paper, we study multi-party risk sharing under general risk-evaluation functionals. We reverse the traditional optimization approach and consider the following problem: given the universal optimality of linear residual risk sharing, what restrictions does this impose on the participants' evaluation functionals? We show that, under appropriate regularity conditions, such universal optimality necessarily implies a common-shape representation of the underlying evaluation functionals under both the min--sum and min--max formulations. We further establish a second characterization without imposing linear residual risk sharing a priori. Specifically, if the two formulations universally admit a common optimal allocation, then the common-shape structure necessarily emerges, …

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.