Debt And Study,
2010
Duke University
Debt And Study, Fred Moten, Stefano Harney
Research Collection Lee Kong Chian School Of Business
They say we have too much debt. We need better credit, more credit, less spending. They offer us credit repair, credit counseling, microcredit, personal financial planning. They promise to match credit and debt again, debt and credit. But our debts stay bad. We keep buying another song, another round. It is not credit that we seek, nor even debt, but bad debt -- which is to say real debt, the debt that cannot be repaid, the debt at a distance, the debt without creditor, the black debt, the queer debt, the criminal debt. Excessive debt, incalculable debt, debt for no …
Climate Risk Management: The Case Of Forecasting Tropical Cyclones,
2010
Singapore Management University
Climate Risk Management: The Case Of Forecasting Tropical Cyclones, Carolyn W Chang, Sk Jack Chang, Kian Guan Lim
Research Collection Lee Kong Chian School Of Business
Global warming has induced an increasing number of deadly tropical cyclones with a continuing trend. Developing high-functional climate risk management tools in forecasting, catastrophe modeling, pricing and hedging is thus crucial. By using transactional price changes of traded hurricane derivatives as the predictor in a doubly-binomial pricing framework, we develop a dynamic market-consensus hurricane forecasting model. Our model can forecast when and how a hurricane will make landfall, and how these forecasts will update themselves upon trading arrival.
Designing Successful Online Courses - Part 2,
2010
University of South Florida
Designing Successful Online Courses - Part 2, Kathleen P. King
Department of Leadership, Policy, and Lifelong Learning
Once again, our major goal is to provide faculty with consistent guidance through the many instructional decisions and design steps they need to pursue in this process. This process is a fantastic opportunity to craft a virtual learning space in which people can engaging in learning beyond the constraints of time and space.
Five Strategies For Successful Writing Of Reports And Essays,
2010
University of South Florida
Five Strategies For Successful Writing Of Reports And Essays, Kathleen P. King
Department of Leadership, Policy, and Lifelong Learning
Many people cannot get started with their literary projects because they do not know where to start. In this brief article, I share insight from years of teaching students and professionals of all ages how to prepare professional work.
With The Financial Crisis Over, Banks Are Hiring Again – But With A Different Job Description,
2010
Singapore Management University
With The Financial Crisis Over, Banks Are Hiring Again – But With A Different Job Description, Knowledge@Smu
Knowledge@SMU
The massive blood-letting that was supposed to happen with the recent financial crisis went by, without much of hoopla – at least in this part of the world – and many financial institutions are hiring again. However, with new market reforms, human resource managers are mulling over job descriptions. The mindset to maximise profits may be important, but according to the experts, professionals in the industry will be expected to bring more onto the table – to be accountable to a wider circle of stakeholders and to demonstrate a different set of values.
Warding Off Longevity Risks: Ensuring Sustainable Income For Retirement,
2010
Singapore Management University
Warding Off Longevity Risks: Ensuring Sustainable Income For Retirement, Knowledge@Smu
Knowledge@SMU
Greying populations are no longer a challenge reserved just for developed economies. The “silver tsunami” is starting to make its way towards developing nations too. But are governments, insurance companies, banks and individuals preparing themselves sufficiently? Buying annuities is one means to which people can plan for their retirement needs. Yet, take-up rates remain low. As the "tsunami" approaches, should regulators take forceful action to kick start the take-up of such instruments to prepare their economies for the impending economic mayhem?
An Economist's Take On The Opportunities And Threats That Lie Ahead For Asia,
2010
Singapore Management University
An Economist's Take On The Opportunities And Threats That Lie Ahead For Asia, Knowledge@Smu
Knowledge@SMU
Say you have the ability to foresee the ups and downs of the economy; what would you do with that power? Stephen Roach's answer: Become a celebrated economist, columnist and author! His latest book, The Next Asia, is a 2006 to 2009 greatest hits collection of essays on what, he believes, are the region's shortfalls and opportunities. There is plenty to chew upon – from what Roach believes are the factors that led to the recent financial crisis to the various issues that will plague the continent's rapidly developing economies.
Collaborating With A Financial Therapist: The Why, Who, What And How,
2010
DePaul University
Collaborating With A Financial Therapist: The Why, Who, What And How, Cicily Maton, Michelle Maton, William Martin
College of Business Faculty and Staff Works
Financial planning clients are seeking holistic solutions to their financial opportunities and challenges. Yet, few financial planners and mental health professionals work together to benefit clients. This article showcases a partnership between a financial therapist, trained as a psychologist, and two financial planners who have implemented an evidence-based model of financial planning drawing upon the behavioral finance, neureconomics, evolutionary psychology, and coaching literature.
Managing Exchange Rates,
2010
University of Massachusetts Boston
Managing Exchange Rates, Arindam Bandopadhyaya, Giorgio Gotti, Qian Lu
Financial Services Forum Publications
The collapse of the fixed exchange rate system established under the Bretton Woods Agreement ushered in fluctuating exchange rate regimes. Although extreme volatility is managed by monetary authorities, fluctuations in exchange rates present unique challenges to the manager of a multinational corporation (MNC). This chapter reviews various types of exchange rate regimes and discusses the types of risk an MNC faces due to exchange rate fluctuations. Special attention is paid to how these risks are measured and ways in which they are hedged using available financial market instruments. The chapter also discusses exchange rate forecasting models that are frequently used.
An Analysis Of Extreme Price Shocks And Illiquidity Among Trend Followers,
2010
Singapore Management University
An Analysis Of Extreme Price Shocks And Illiquidity Among Trend Followers, Bernard Lee, Shih-Fen Cheng, Annie Koh
Research Collection School Of Computing and Information Systems
We construct an agent-based model to study the interplay between extreme price shocks and illiquidity in the presence of systematic traders known as trend followers. The agent-based approach is particularly attractive in modeling commodity markets because the approach allows for the explicit modeling of production, capacities, and storage constraints. Our study begins by using the price stream from a market simulation involving human participants and studies the behavior of various trend-following strategies, assuming initially that their participation will not impact the market. We notice an incremental deterioration in strategy performance as and when strategies deviate further and further from the …
Pension Plan Funding Effect On Shareholder Equity,
2010
Lubin School of Business, Pace University
Pension Plan Funding Effect On Shareholder Equity, Larisa Parchomovsky
Honors College Theses
A pension plan often tends to be one of the company’s biggest liabilities. Before 2008, pension plans were not directly included in the financial statements, but could only be found in the footnote disclosures. Such accounting convention essentially made pensions a type of off-balance sheet financing resulting in a misrepresentation of valuation ratios and earnings due to the exclusion of such a significant liability. The objective of this research is to determine whether the funded status of a pension plan will significantly affect a company’s shareholder equity. As part of this research, I analyzed 4 years (2001-2004) of financial statements …
Upheaval In The Boardroom: Outside Director Public Resignations, Motivations, And Consequences,
2010
Marquette University
Upheaval In The Boardroom: Outside Director Public Resignations, Motivations, And Consequences, Michael Dewally, Sarah Peck
Finance Faculty Research and Publications
We investigate the motives and circumstances surrounding outside directors' decisions to publicly announce their board resignations. Directors who leave "quietly" are in their mid-sixties and professional directors, i.e., retirees, who are retiring entirely from professional life. Directors who announce their resignation are in their mid-fifties and active professionals. Half the time they say they are leaving because they are "busy." These directors leave from firms with some weakness in their performance, but with no overt manifestations of cronyism such as excessive compensation of either the CEO or directors. The other half of the time directors leave while publicly criticizing the …
Investing Into The Abyss: The Continued Misclassification Of Multi-Sector Managed Funds,
2010
Monash University
Investing Into The Abyss: The Continued Misclassification Of Multi-Sector Managed Funds, N. Allen, Kok Fai Phoon, J. Watson, J. Wickramanayake
Research Collection Lee Kong Chian School Of Business
The rapid expansion in assets managed by the Australian managed fund industry has resulted in it becoming a major sector of the financial system, second only to that of the banking industry. With more than A$550 billion invested in the industry investors should be concerned about the lack of reliable information available in regard to equity style management. In particular investors should be concerned about the probable mis-match between stated objectives and the actual objectives pursued by fund managers. In this study, we apply return-based style analysis (Sharpe 1988, 1992) to investigate the style and asset allocation strategies of 50 …
An Analysis Of Extreme Price Shocks And Illiquidity Among Systematic Trend Followers,
2010
Singapore Management University
An Analysis Of Extreme Price Shocks And Illiquidity Among Systematic Trend Followers, Wing Bernard Lee, Shih-Fen Cheng, Annie Koh
Research Collection Lee Kong Chian School Of Business
We construct an agent-based model to study the interplay between extreme price shocks and illiquidity in the presence of systematic traders known as trend followers. The agent-based approach is particularly attractive in modeling commodity markets because the approach allows for the explicit modeling of production, capacities, and storage constraints. Our study begins by using the price stream from a market simulation involving human participants and studies the behavior of various trend-following strategies, assuming initially that their participation will not impact the market. We notice an incremental deterioration in strategy performance as and when strategies deviate further and further from the …
The Duration Of Foreclosures In The Subprime Mortgage Market: A Competing Risks Model With Mixing,
2010
Marquette University
The Duration Of Foreclosures In The Subprime Mortgage Market: A Competing Risks Model With Mixing, Anthony Pennington-Cross
Finance Faculty Research and Publications
This paper examines what happens to mortgages in the subprime mortgage market once foreclosure proceeding are initiated. A multinomial logit model that allows for the interdependence of the possible outcomes or risks (cure, partial cure, paid off, and real estate owned) through the correlation of associated unobserved heterogeneities is estimated. The results show that the duration of foreclosures is impacted by many factors including contemporaneous housing market conditions, the prior performance of the loan (prior delinquency), and the state-level legal environment.
Toxic Assets: Untangling The Web,
2010
Brigham Young University Law School
Toxic Assets: Untangling The Web, Margarita S. Brose, Bill Niclos
Brigham Young University International Law & Management Review
No abstract provided.
2010 Private Capital Markets Report (Winter),
2010
Pepperdine University
2010 Private Capital Markets Report (Winter), John K. Paglia
Pepperdine Private Capital Markets Report
The Pepperdine private cost of capital survey was originally launched in 2007 and is the first comprehensive and simultaneous investigation of the major private capital market segments. This year’s survey specifically examined the behavior of senior lenders, asset‐based lenders, mezzanine funds, private equity groups, venture capital firms, angel investors, privately‐held businesses, investment bankers, business brokers, limited partners, and business appraisers. The Pepperdine survey investigated, for each private capital market segment, the important benchmarks that must be met in order to qualify for capital, how much capital is typically accessible, what the required returns are for extending capital in today’s economic …
Indian Microfinance: Swimming Fully Clothed!,
2010
Singapore Management University
Indian Microfinance: Swimming Fully Clothed!, Eric Savage, Abhijit Ray, Abhishek Fogla
Social Space
Along with the growth of social enterprises, India has seen its microfinance industry flourish. No longer merely dependent on donor and aid money, poor borrowers have begun demonstrating their creditworthiness, attracting commercial funders encouraged by this sea-change. The authors explore the world of Indian microfinance and the benefits of swimming fully clothed.
Specialty Food And Beverage: A Case Study Of Small Business Management,
2010
University of San Francisco
Specialty Food And Beverage: A Case Study Of Small Business Management, Barry Doyle, Arthur H. Bell, Dayle Smith
Finance
Specialty Food and Beverage is facing growing pains from its rapid expansion over the last decade and more. The case provides a summary of the challenges faced by the company in the areas of supply chain management, marketing plans, the creation of economic value, and the development of a long term strategy for profitable growth.
Trusts Versus Corporations: An Empirical Analysis Of Competing Organizational Forms,
2010
Syracuse University
Trusts Versus Corporations: An Empirical Analysis Of Competing Organizational Forms, A. Joseph Warburton
College of Law - Faculty Scholarship
This paper studies the effects of organizational form on managerial behavior and firm performance, from an empirical perspective. Managers of trusts are subject to stricter fiduciary responsibilities than managers of corporations. This paper examines the ramifications empirically, by exploiting data generated by a change in British regulations in the 1990s that allowed mutual funds to organize as either a trust or a corporation. I find evidence that trust law is effective in curtailing opportunistic behavior, as trust managers charge significantly lower fees than their observationally equivalent corporate counterparts. Trust managers also incur lower risk. However, evidence suggests that trust managers …
