Teacher Qualifications And Student Achievement: A Panel Data Of Analysis,
2013
University of Dayton
Teacher Qualifications And Student Achievement: A Panel Data Of Analysis, Trevor Collier
Economics and Finance Faculty Publications
Recent academic research suggests that teacher quality plays an important role in student achievement: however, empirical research on the efficacy of policies requiring teachers to obtain certain degrees is inconclusive, particularly in elementary education. This paper models a panel data production function with fixed effects using the Early Childhood Longitudinal Study (ECLS-K) to asses the relationship between different undergraduate and graduate majors and elementary student test scores. Specifcally, we aim to discern if there is a difference in teacher efficacy within the different education related majors (e.g. early childhood education and elementary education) and between education and non-education related majors.
Offering A 'Menu' Of Software And Case Study Options For The Group Project For Students Enrolled In The Introductory Ais Course: An Experimental Application Study,
2013
University of Montana - Missoula
Offering A 'Menu' Of Software And Case Study Options For The Group Project For Students Enrolled In The Introductory Ais Course: An Experimental Application Study, Ronald Premuroso, Tara Kirkham
Accounting and Finance Faculty Publications
Instructors teaching the introductory accounting information systems (AIS) course generally include some type of group project to reinforce the principles emphasized in this course. One of the challenges facing AIS instructors is which type(s) of group project(s) potentially improve the students’ overall course learning experience, while at the same time addressing future career student objectives. If the AIS instructor has a mix of students with such differing career goals when teaching the AIS course, it is important for the instructor to consider possibly offering a variety of project choices for the group project. We test offering a ‘menu’ of software …
Dividend Policy And Stock Price Volatility In The U.S. Equity Capital Market,
2013
Longwood University
Dividend Policy And Stock Price Volatility In The U.S. Equity Capital Market, Kyle A. Profilet
Theses & Honors Papers
What factors affect the volatility of a stock's price over time? What specific financial factors lead a stock to be more volatile than others? This study attempts to identify the impact of certain financial variables on the volatility of a stock's price overtime by analyzing the.financial data of over 500 publicly traded.firms found through the Value Line Investment Survey database using Ordinary Least Squares (OLS) Regression. The study tests the effects of financial variables (deemed appropriate by the finance literature) on stock price volatility (as measured by the stock's standard deviation) for a sample of firms screened.from the Value …
Investigating Volatility Trends Of Silver Through An Analysis Of Stock Options Prices,
2013
Coastal Carolina University
Investigating Volatility Trends Of Silver Through An Analysis Of Stock Options Prices, Dylan Houston
Bridges: A Journal of Student Research
Volatility is a statistical measure that describes the amount of fluctuation in prices for a given investment; generally, the higher the volatility for an investment, the riskier it is perceived to be. Traders study volatility history so that they can make informed decisions on how to invest capital. The purpose of this article is to analyze implied volatility values, which are derived from the investment's price and are considered the market's estimate of the investment's actual volatility, for silver electronically traded fund (ETF) options in periods of both high and low price movement. In doing so, we desired to see …
Cross-Border Mergers And Acquisitions And Country Risk Ratings: Evidence From U.S. Financials,
2013
Rollins College
Cross-Border Mergers And Acquisitions And Country Risk Ratings: Evidence From U.S. Financials, Halil Kiymaz
Faculty Publications
This study reports how country risk and macroeconomic conditions influence the wealth gains of U.S. financial firms involved in international mergers and takeovers. The findings suggest that U.S. financials experience weakly significant wealth gains around announcement date. The wealth gains are significant for takeovers in Latin America. There are also differences in wealth gains of subsector affiliations of financial firms. While banks experiencing wealth loss, both insurance and investment services firms having significant wealth gains. The country risk, including economic, political, and financial risk ratings, help to explain the wealth gains to financial bidders.
Uses And Misuses Of The Black-Litterman Model In Portfolio Construction,
2013
University of San Francisco
Uses And Misuses Of The Black-Litterman Model In Portfolio Construction, Ludwig B. Chincarini, Daehwan Kim
Finance
The Black-Litterman model has gained popularity in applications in the area of quantitative equity portfolio management. Unfortunately, many recent applications of the Black-Litterman to novel aspects of quantitative portfolio management have neglected the rigor of the original Black-Litterman modelling. In this article, we critically examine some of these applications from a Bayesian perspective. We identify three reasons why these applications may create losses to investors. These three reasons are: (1) Using a prior without "anchoring" the prior to an equilibrium model, (2) Using a prior and an equilibrium model that conflict with one another, and (3) Ignoring the implications of …
Exchange Rate Adjustment And Output In South-East Asia,
2013
University of New Haven
Exchange Rate Adjustment And Output In South-East Asia, Kamal P. Upadhyaya, Robert Ranish, Neetu Kaushik, Rabindra Bhandari
Finance Faculty Publications
This paper studies the effect of currency devaluation on aggregate output level in South- East Asian countries using panel data from Thailand, Malaysia, Indonesia and the Philippines for a period from 1980 to 2010. An empirical model that includes monetary, fiscal and exchange rate variables is developed. Two versions of the model, one with real exchange rate and another with nominal exchange rate and foreign-to-domestic price ratio are estimated. An error correction model is developed and the time series properties of the panel data are diagnosed before estimating the model. The estimated results suggest that currency devaluations are contractionary in …
Asset Pricing, Jump Risk, And China's B-Share Discount Puzzle,
2013
Cleveland State University
Asset Pricing, Jump Risk, And China's B-Share Discount Puzzle, Haigang Zhou, John Qi Zhu
Business Faculty Publications
This study examines whether differential systematic risks, along with other competing explanations, account for cross-sectional variations in B-share discounts in China, using both cross-sectional and panel data analysis. Results show strong evidence that variations in A-share systematic risks are positively related to variations in B-share discount after controlling for various competing explanations. No evidence shows a correlation between variations in B-share systematic risks and variations in B-share discounts. These findings survive various robustness checks. The study further decomposes total systematic risk into continuous and jump components. Regression results indicate that variations in B-share discounts are explained mostly by variations in …
Integrated Risk Study For Chinese Commercial Banks With Fuzzy Comprehensive Appraisal Method,
2013
Cleveland State University
Integrated Risk Study For Chinese Commercial Banks With Fuzzy Comprehensive Appraisal Method, Hongmei Li, Haigang Zhou
Business Faculty Publications
The Basel Capital Accord II proposes that commercial banks should supervise not only credit risk but also market risk, liquidity risk and operational risk. Using the fuzzy comprehensive appraisal method based on the Basel Capital Accord II, this paper measures the integrated risk of Chinese commercial banks. Our results indicate that the average values of the four types of risks are higher than the integrated risk of the four risks, indicating an overestimated whole risk. Our results illustrate the importance of considering the correlation between the different risk sources in order to efficiently allocate financial resources.
Aligning Financial Strategy With Customer Categorization Based On Environmental Scanning,
2013
Walden University
Aligning Financial Strategy With Customer Categorization Based On Environmental Scanning, Timothy Osita Anyiwe
2010-2016 Archived Posters
A qualitative multiple-case study about strategies needed to align financial strategy with customer oriented practices. Interview data from 30 personnel of 2 retail businesses were coded and analyzed. Emerging themes included planning, customer supremacy, viability, and clarity. Implications for positive social change included impetus for economic stability and prosperity of society.
Performance Prediction Of Commodity Prices Using Foreign Exchange Futures,
2013
Walden University
Performance Prediction Of Commodity Prices Using Foreign Exchange Futures, Yisa Ajao
2010-2016 Archived Posters
In an experimental quantitative research design, data from the Futures Market for commodities and foreign exchange futures covering 1986-2011 were obtained and addressed. A General Regression Neural Network was overlaid on this data to deduce a time-series prediction model for wheat prices. Performance prediction error was only 4.42%.
A Look Inside Amlf: What Traded And Who Benefited,
2013
US Department of the Treasury, Office of Financial Research
A Look Inside Amlf: What Traded And Who Benefited, Ozgur Akay, Mark D. Griffiths, Vladimir Kotomin, Drew B. Winters
Faculty Publications – Finance, Insurance, and Law
The Federal Reserve’s AMLF program was designed to provide liquidity to money market funds (MMFs). Between September 2008 and May 2009, the program made $217 billion in non-recourse loans to depository institutions and bank holding companies to purchase asset-backed commercial paper from MMFs. JP Morgan and State Street dominated the program, accounting for over 90% of all loans made. Our analysis suggests that JP Morgan exhibited more self-dealing behavior than State Street. We find that JP Morgan and State Street earned economically and statistically significant cumulative returns of 2.28% and 2.49% (respectively) over the first seven days of the program …
The Year-End Effect In Money Market Yields: Beyond One Month And Beyond The Crisis,
2013
Illinois State University
The Year-End Effect In Money Market Yields: Beyond One Month And Beyond The Crisis, Vladimir Kotomin
Faculty Publications – Finance, Insurance, and Law
U.S. money market yields up to one month have shown changes consistent with year-end liquidity preferences. I find that three- and six-month negotiable certificate of deposit (CD), Eurodollar deposit (ED), and banker’s acceptance (BA) yields are also affected by year-end liquidity preferences. Two- and three-month financial commercial paper (CP) yield changes are less pronounced. Banks – CD, ED, and BA issuers – have increased year-end liquidity needs, unlike finance companies – predominant CP issuers. The year-end effect disappears after the 2007-2008 crisis as depositories’ cash holdings increase. CD, ED, and CP yields diverge post-crisis, suggesting that investors no longer consider …
The Use Of Financial Statements To Predict The Stock Market Effects Of Systemic Crises,
2013
Claremont Graduate University
The Use Of Financial Statements To Predict The Stock Market Effects Of Systemic Crises, Mohammad Yahia Almakrami
CGU Theses & Dissertations
The financial crisis of 2007-2009 had divesting effects around the globe. Many financial institutions and government officials failed to see the build up of problems predicting the crisis and hence failed to take actions to keep the crisis from breaking out. Thus, it is important to see if the emerging problems could have been identified in advance in order to develop types of analysis that could help us avoid future crises. A full investigation of such possibilities will require many different studies taking different approaches. This dissertation contributes to that collective effort by investigating the extent to which balance sheet …
Relationship Of Single Stock Futures With The Spot Price: Evidence From Karachi Stock Exchange,
2013
Muhammad Ali Jinnah University, Islamabad
Relationship Of Single Stock Futures With The Spot Price: Evidence From Karachi Stock Exchange, Nasir Jamal, Ahmad Fraz
Business Review
The study is conducted to investigate the relationship of single stock futures with the spot price in Karachi Stock Exchange. Monthly data of twelve companies which are trading single stock futures have been examined for the period 1 January, 2005 to 31 December, 2010 with total of 72 observations for each company. Descriptive statistics, Unit Root test, Co-integration test, Granger Causality test, Vector Error Correction Model based on ARDL approach, Impulse Response and Variance Decomposition tests are used. The existence of long run relationship was found between the futures and spot prices of all the companies. The Granger Causality test …
Determinants Of Financial Distress Evidence From Kse 100 Index,
2013
SZABIST, Islamabad, Pakistan
Determinants Of Financial Distress Evidence From Kse 100 Index, Malik Rizwan Khurshid
Business Review
Financial distress and its determinants are very important for investors as well as financial institutions; no one can deny its significance. This paper assesses the determinants of financial distress of non financial companies of Karachi Stock exchange from 2003 to 2010. Financial distress in companies was calculated from Z score model. Determinants like current ratio, profitability, efficiency, solvency and leverage were identified. Result shows current ratio, profitability, solvency and leverage are negatively correlated while efficiency is positively correlated.
Interest Rate Sensitivity And Stock Returns,
2013
Bahria University, Islamabad, Pakistan
Interest Rate Sensitivity And Stock Returns, Mohsin R. Khan, Zahid Mahmood
Business Review
This paper investigates the sensitivity of interest rate to stock return of financial institutions traded at Karachi Stock Exchange. Two Index Model of Stone and Bernell(1974) have been used to test the proposition of the present study. Three different portfolios of financial institutions have been examined against sensitivity of actual and unanticipated interest rates. Repo rate/Policy rate instead of t-bill rate is used for the proxy of interest rate. The data is collected from twenty nine financial institutions covering the time period from 2004 to 2011. Unit root test, co integration and error correction mechanism have been checked before proceeding …
Walking Back From Cyprus,
2013
Duke Law School
Walking Back From Cyprus, Lee C. Buchheit, Mitu Gulati
Faculty Scholarship
Last Friday, the European leaders trespassed on consecrated ground by putting insured depositors in Cypriot banks in harm’s way. They had other options, none of them pleasant but some less ominous than the one they settled on.
Farm Financial Performance Of Kentucky Farms,
2013
University of Kentucky
Farm Financial Performance Of Kentucky Farms, Tarrah M. Dunaway
Theses and Dissertations--Agricultural Economics
This study examines farm financial performance of Kentucky farms using Kentucky Farm Business Management data from 1998-2010. Logit models are used to estimate the likelihood of farm characteristics affecting whether financial ratios fall into critical zones or not. The results show that large farms in terms of total gross returns and total assets are less likely to experience repayment capacity problems. Total gross returns significantly affect all five financial measures. These findings will help farmers and lenders understand what factors influence farm financial performance. Profitability migration is tested to see if the migration probabilities differ across business cycles. Migration drift …
The Impact Of The Proposed Format Of Financial Statements By Iasb And Fasb On Investors' Decisions,
2013
University of Texas at El Paso
The Impact Of The Proposed Format Of Financial Statements By Iasb And Fasb On Investors' Decisions, Francisco Villanueva
Open Access Theses & Dissertations
This dissertation investigates the impact of the proposed format of financial statements from the International Accounting Standard Board (IASB) and the Financial Accounting Standard Board (FASB) on investors' decisions. In particular, the research question of this study is whether the proposed format reduces the bias from the disposition effect. In 2008, the FASB in conjunction with the IASB published an exposure draft to modify the presentation of financial statements. The proposed format does not change the content of the financial information; it only modifies how information is presented in the financial statements. In other words, recognition of assets, liabilities, revenues, …
