Finance and Financial Management Commons^™

Efinancial Health: Discovering Synergies In The Promotion Of Physical, Mental, And Financial Health, Nan Taylor

Cornerstone 1 Reports : Expansion and Enhancements of the Thinkfinity Platform

No abstract provided.

Ratings & Downgrades: Opportunities In A Spooked Market, Singapore Management University

Perspectives@SMU

The ratings downgrades that are spooking many of the developed economies might hold promise for Asia in the long-term, although some of the region’s newer economies will need to get their political houses in order to get a credit rating, says Professor Annie Koh.

The Archway Investment Fund Semi Annual Report, Spring 2013, Bryant University, Archway Investment Fund

Archway Investment Fund

No abstract provided.

Revenue Diversification And 501 (C) 6 Nonprofit Trade Associations: Technology Councils Of North American And The Pittsburgh Technology Council, Reuben Dacher-Shapiro

MPA Capstone Projects 2006 - 2015

Since 2009 the Pittsburgh Technology Council (PTC) has been experiencing a decrease in the revenue they generate from the sale of insurance to its members. This decrease is a significant problem because it is non-program related unrestricted revenue. This type of revenue is vital for PTC because it allows them to constantly adapt to the needs of their members in the volatile economic environment of the Southwestern Pennsylvania technology sector.

Patron-Driven Acquisition Optimization At Liberty University, Erin Crane, Lori Snyder

Faculty Publications and Presentations

In 2010 Liberty University began a Patron-Driven Acquisition pilot program with ebrary. Since then, the program has grown dramatically. The presenters describe how the library uses past usage data to create a predictive formula for ebook use. New ebook titles were added to the program based on formula selections. Success of the formula was evaluated, and overall the results are positive. The presenters also explain how the library handles the purchasing and cataloging of the ebooks.

Uncovering Hedge Fund Skill From The Portfolio Holdings They Hide, Vikas Agarwal, Wei Jiang, Yuehua Tang, Baozhong Yang

Research Collection Lee Kong Chian School Of Business

This paper studies the “confidential holdings” of institutional investors, especially hedge funds, where the quarter-end equity holdings are disclosed with a delay through amendments to Form 13F and are usually excluded from the standard databases. Funds managing large risky portfolios with nonconventional strategies seek confidentiality more frequently. Stocks in these holdings are disproportionately associated with information-sensitive events or share characteristics indicating greater information asymmetry. Confidential holdings exhibit superior performance up to 12 months, and tend to take longer to build. Together the evidence supports private information and the associated price impact as the dominant motives for confidentiality.

Can Us Economic Variables Predict Chinese Stock Market?, Jeremy C. Goh, Fuwei Jiang, Jun Tu, Yuchen Wang

Research Collection Lee Kong Chian School Of Business

In the last few decades, we observed a significant increase in global economic activities and these activities may have an impact on both China’s economy and stock market. Given the potential impact, we empirically examine whether US economic variables are leading indicators of the Chinese stock market. Prior to China joining the World Trade Organization (WTO) in the end of 2001, we find no statistical relationship between US economic variables and the Chinese stock market returns. However, we find US economic variables have statistically significant predictive power for periods after China's admission into the WTO. In addition, we show that …

Suntrust Portfolio Recommendations: Crummer Investment Management [2013], Soumya Terala, Peter Harvey, Kevin Mayo, Bhawna Talwar, Pankaj Patil, Chris Enger

Crummer Truist Portfolios

We believe that the U.S. economy will continue growing modestly through 2013 and pick up speed in 2014. We have positioned the portfolio to take advantage of a slowly growing economy by slightly over-weighting the consumer discretionary, energy, industrials, technology, and health care sectors as these have traditionally benefited from recoveries. Accordingly, the consumer durables, financials, materials, telecommunications, and utilities sectors were under-weighted. Although the future is unusually cloudy, we reached this conclusion based on expected economic growth rates, favorable market P/E ratios and continued low interest rates.

Three Essays On Corporate Liquidity, Financial Crisis, And Real Estate, Kimberly Fowler Luchtenberg

Theses and Dissertations in Business Administration

The first essay examines why firms with access to lines of credit (LOC) have different drawdowns and their implications for asset pricing, investment and profitability. Utilizing a hand-collected LOC dataset that extends the sample of Sufi (2009) to 2010, our principal finding is that firms with greater LOC usage are more financially constrained than firms with lower LOC usage. We also document that high users of credit lines have higher risk-adjusted returns, less investment in capital expenditures and employment, and lower profitability than low LOC users. An interesting implication of our evidence is that high LOC drawdowns could serve as …

What Causes Bank Failures During The Recent Economic Recession?, Qingyu Li

Honors Projects

More than 400 banks failed during the recent financial crisis. Bank failures have a significant impact on the financial system and the economy as a whole. It is important to identify factors that may contribute to bank failures so that banks can take measures to reduce their default risk. This paper examines how bank specific characteristics and economic conditions affect bank failures during the recent financial crisis. We employ the logistic regression model to study this issue using the U. S. commercial bank data over the sample period 2007-2012. We find that the ratio of the loan and leases to …

American Consumer Confidence & Income: Relationship With The Stock Market, Caitlin C. Tappan

Honors Theses and Capstones

No abstract provided.

Hill, J. Murray, Sr., 1891-1961 (Sc 963), Manuscripts & Folklife Archives

Manuscript Collection Finding Aids

Finding aid and scans (Click on "Additional Files" below) for Manuscripts Small Collection 963. Letters, 1918, written by prominent Bowling Green, Kentucky, businessmen, attesting to the good character and competencies of J. Murray Hill, Sr. Also Warren Rural Electric Cooperative Corporation, Bowling Green, stock certificate, 1942.

Exit Strategies, Steven D. Dolvin

All Chapters

Unfortunately, picking the next winning stock is only half the battle. Many investments have strong gains, but end up losing because investors fail to exit their holdings at the right time. Trailing stop orders are one way to help mitigate this issue. (See article here, Yahoo Finance.)

Health Care And The Cross-Section Of Us Stock Returns, Brian C. Payne, John Geppert

Department of Finance: Faculty Publications

Health care costs represent a large and growing component of business and consumer expenditures in the US. Medical inflation represents these costs, and it differs from aggregate inflation and other market factors with respect to its rate of growth, statistical properties and the extent to which it can be hedged by households and firms. Using multiple model specifications for the 25-year period from 1985 to 2009, we find medical inflation is robustly priced in the cross-section of US stock returns. It commands a risk premium of between 31 and 51 basis points per annum per unit change in beta. Medical …

History Lesson: Momentum, Steven D. Dolvin

All Chapters

We often talk about buying low and selling high, but many individual investors often do the opposite. Particularly in retail accounts and 401(k) plans, investors are often "late to the party," waiting until the market hits a high to reenter. This behavioral bias results in momentum that may drive the market higher, but how long is the key question. Further, investors would be better suited taking a more disciplined periodic investment approach. With the market just hitting a high, this issue is currently at play. (See article here, WSJ.)

Indiana Motor Vehicle Highway Fund: A Discussion On Revenues, Distributions And Expenses, Dan Bastin

Purdue Road School

This session discusses the revenues, distributions, and expenses that make up the MVH fund. Presenters will cover the different types of revenue that make up Indiana’s transportation funding and follow the path of those revenues through the funding formula. Also discussed will be the different expenses incurred by the fund each year and formulas as described in the Indiana Code.

Moving Ahead For Progress In The 21st Century: Map 21, Mark D. Newland

Purdue Road School

The Moving Ahead for Progress in the 21st Century Act (MAP- 21) was signed into law by President Obama on July 6, 2012. It funds surface transportation programs in (FY) 2013 and 2014. This session covers the general funding allocations, development of the rulemaking process, and the establishment of FHWA Performance Measures.

Purdue Road School: Funding, Funding, Funding, Gregory T. Guerrettaz

Purdue Road School

Municipal entities are facing many issues which are causing financial distress. This presentation will discuss strategies to assist in these difficult times. The strategies to be discussed will include short and long-term financial planning, board discussions and the creation of a capital improvement plan.

Agricultural Credit Analysis, Tyler Culp

Agribusiness

This project was a case study completed to find a specific time where an agricultural borrower’s credit began to have problems, and to find new measures agricultural lenders can utilize as a way to predict future defaults and better analyze credit risk.

These calculations were used on actual borrower information generously provided by Farm Credit West. All information that could divulge the identity of the borrower and any private business measures taken by Farm Credit West have been purposefully omitted from this report. This project used common credit risk ratios and values: Current Ratio, Debt-to-Equity, Loan-to-Value, and Debt Coverage Ratio. …

2013 Q1 Market Pulse Report, John K. Paglia

Pepperdine Market Pulse Report

The quarterly IBBA and M&A Source Market Pulse Survey was created to gain an accurate understanding of the market conditions for businesses being sold in Main Street (values $0-$2MM) and the lower middle market (values $2MM -$50MM). The national survey was conducted with the intent of providing a valuable resource to business owners and their advisors. The IBBA and M&A Source present the Market Pulse Survey with the support of the Pepperdine Private Capital Markets Project and the Graziado School of Business and Management at Pepperdine University.