Money Doesn’T Grow On Trees: How Financial Literacy Is Learned And Developed Within American Childhood,
2024
St. John Fisher University
Money Doesn’T Grow On Trees: How Financial Literacy Is Learned And Developed Within American Childhood, Nate Lewis
Soaring: A Journal of Undergraduate Research
Financial literacy refers to the ability to process and utilize economic information to make informed decisions for their wellbeing. Given concerning indicators of financial outcomes within the United States, it is crucial to understand how and when strong financial behavior is developed. Efforts to enhance financial education have explored incorporating financial concepts into children’s literature and games. Yet, research indicates that financial literacy is far more rooted in the habits learned from one’s family, despite the emphasis often placed on schooling and socioeconomic status. It is therefore evident that efforts to promote financial literacy must always involve empowering family members …
Dow Jones Sustainability Indices And Esg Scores: Do They Tell The Same Story?,
2024
Roger Williams University
Dow Jones Sustainability Indices And Esg Scores: Do They Tell The Same Story?, Minoo Tehrani, Andreas Rathgeber, Edward Dougherty, Lawrence Fulton, James Fournier
Business Faculty Publications
The focal point of this research is to compare two of the largest global organizations’ sustainability indices and scores, namely Dow Jones Sustainability Indices (DJSIs) and Standard & Poor’s Global (S&P Global) ESG scores (environmental, social, and governance), which rank companies based on their sustainability practices, and to learn if they correspond to each other. Considering that Germany is the hub of large companies from leading global industries, this research compares the ESG scores of the German companies that appear on the Dow Jones Sustainability Indices. Several statistical analyses are conducted to determine if the German companies on the DJSIs …
How Company Age Affects Esg Ratings,
2024
Rollins College
How Company Age Affects Esg Ratings, Jonathan Thomas
Honors Program Theses
As environmental, social, and governance, or ESG, has only gained prominence in the 21st century, a great host of data has become available from company’s sustainability reports which have yet to be fully analyzed. This paper examines the ESG ratings of publicly traded companies based on the different ages of the companies, Using company founding dates from FactSet Research Systems Inc. and ESG ratings from HIP Investor Inc. on companies that the agency evaluates, the average ESG ratings of companies were compared between four groups of companies divided based on their ages to determine whether results vary for the different …
Initial Financial Assessment Of The Fraport Greece Cluster A Concession,
2024
Embry-Riddle Aeronautical University, Worldwide College of Business
Initial Financial Assessment Of The Fraport Greece Cluster A Concession, Dimitrios V. Siskos, Alexander Maravas, Ronald Mau
International Journal of Aviation, Aeronautics, and Aerospace
There is a worldwide trend in the privatization of transport infrastructure and airports. Likewise, the Greek government launched an extensive privatization program that granted Fraport AG the right to operate 14 airports for the next forty years. The two separate concessions for clusters of seven airports each are named "Cluster A" and "Cluster B." The financial assessment of privatization contracts is crucial so decision-makers can accurately assess the value of aviation enterprises. This paper applies the Economic Value Added (EVA) methodology and enterprise valuation on Cluster A by assessing the concession company's balance sheets and income statements. We concluded that …
Ceo Marital Status And Corporate Cash Holdings,
2024
The University of Texas Rio Grande Valley
Ceo Marital Status And Corporate Cash Holdings, Ahmed M. Elnahas, Md Noman Hossain, Siamak Javadi
Finance Faculty Publications
We examine the effect of CEO marital status on corporate cash holdings. Consistent with the classical agency framework, we find that firms with single CEOs hold more cash compared to otherwise similar firms with married CEOs and that the excess cash held by single CEOs is significantly discounted by shareholders. Our findings survive a battery of tests to ease endogeneity and selection bias, confirming that results are not simply reflecting innate heterogeneity in preferences. Overall, our findings indicate that a variable outside the common firm- and macro-level determinants, CEO marital status, can significantly influence corporate policies.
Credit Risk Correlation And The Cost Of Bank Loans,
2024
The University of Texas Rio Grande Valley
Credit Risk Correlation And The Cost Of Bank Loans, Siamak Javadi, Theophilus T. Osah
Finance Faculty Publications
Using several approaches to compute firms’ credit risk correlation, we provide robust empirical evidence that lenders charge higher loan spreads to borrowers with higher credit risk correlation. Consistent with the theoretical literature, we find that the credit risk correlation effect is concentrated in investment-grade firms, driven by tightening lending conditions, and more pronounced for firms with higher rollover risk. We also show that banks whose borrowers have higher average credit risk correlation, have greater default risk themselves. Overall, our results indicate that banks view credit risk correlation as an important risk factor.
A Study How Gender Equality Affect Financial Inclusion In Pakistan,
2024
Institute of Business Administration
A Study How Gender Equality Affect Financial Inclusion In Pakistan, Mehwish Javed
MS Islamic Banking and Finance Research Projects/Theses
The study focused on the relationship of gender equality with financial stability and financial inclusion in Pakistan. Time-series balanced annual frequency data between 2007 and 2023 (17 consecutive years) was collected from World Development Indicator (WDI), Global Financial Development Index (GFDI), and Country Policy and Institutional Assessment (CPIA) databases. The results demonstrated positive relationship between gender equality and financial inclusion. This manifested the fact that gender equality, macroeconomic policies optimizations, adequate operational procedures, and risk management are all top priority areas that require attention to generate sustainable development of the Pakistani banking sector and enhanced financial inclusion. The research proposes …
Corporate Bond Etfs, Bond Liquidity, And Etf Trading Volume,
2024
Wilfrid Laurier University
Corporate Bond Etfs, Bond Liquidity, And Etf Trading Volume, Thomas Marta
Business Faculty Publications
This study investigates the impact of corporate bond ETFs on the liquidity of their underlying securities. By alternatively utilizing panel regressions in levels, in changes, controlling for past liquidity, subsample tests—including periods of market stress and arbitrage—and a novel quasi-natural experiment, this study addresses self-selection and index effect identification issues. The findings indicate that ETFs significantly reduce transaction costs and enhance bond liquidity. Notably, the trading volume of ETFs, which is 6.67 times greater than their arbitrage, appears beneficial.
Essays On Corporate Debt Structure,
2024
University of Kentucky
Essays On Corporate Debt Structure, Kyuyoung Oh
Theses and Dissertations--Finance and Quantitative Methods
The dissertation consists of three chapters exploring three different facets of corporate debt structure choice. In the first chapter, “Risk Management and the Choice between Secured and Unsecured Debt: Evidence from Natural Experiment,” I study whether and how corporate hedging affects firms’ choice between secured and unsecured debt. Exploiting the introduction of steel futures as a natural experiment, I provide causal evidence that risk management enables firms to switch from secured to unsecured debt without sacrificing debt capacity. Cross-sectional evidence supports the interpretation that risk management drives the results. The effects are stronger for firms that are more likely to …
The Impact Of Internationalization On Cash Holdings: Evidence From Southeast Asia,
2024
Faculty of Commerce and Accountancy
The Impact Of Internationalization On Cash Holdings: Evidence From Southeast Asia, Suparat Patarasupanit
Chulalongkorn University Theses and Dissertations (Chula ETD)
This research examines the impact of internationalization on cash holdings among multinational corporations (MNCs) in Southeast Asia (SEA), focusing on the roles of geographic dispersion, intangible assets, and managerial ownership. The study highlights how international operations influence corporate liquidity strategies in the presence of heightened information asymmetry. This study employs 1,431 firm-year observations from 2017 to 2021 and dynamic panel model to test hypotheses. The findings indicate that geographic dispersion and intangible assets increase cash holdings, affirming Pecking Order Theory. Conversely, their interaction unexpectedly reduces cash holdings, suggesting that complexities prompt more conservative liquidity management. Also, increased managerial ownership results …
Entire Volume Journal Of Banking And Financial Economics 2024, 1(21),
2024
Wydział Zarządzania Uniwersytetu Warszawskiego/Faculty of Management University of Warsaw
Entire Volume Journal Of Banking And Financial Economics 2024, 1(21)
Journal of Banking and Financial Economics
Entire Volume Journal of Banking and Financial Economics 2024, 1(21)
Government Subsidy In The U.S. Mortgage Market: A Structural Analysis With Bunching,
2024
Central University of Finance and Economics
Government Subsidy In The U.S. Mortgage Market: A Structural Analysis With Bunching, Bowen Shi, Yunhui Zhao
Journal of Banking and Financial Economics
It is crucial to better understand the U.S. residential mortgage market, where the global financial crisis originated. In this paper, we develop an infinite-horizon continuous-time structural model to study the effects of the longstanding and widespread Government-Sponsored Enterprises (GSEs) mortgage default insurance subsidy on U.S. mortgage underwriters’ equilibrium lending behaviour. Despite the richness of the model, we obtain analytical solutions for the equilibrium loan size and interest rate. We then employ truncated loan-level data to estimate the subsidy’s magnitude using maximum likelihood by exploiting a distinctive data feature that many borrowers bunch at the subsidy eligibility cutoff. We find that …
Taming The Digital Wild West: The Need To Fully Regulate The Crypto Market,
2024
Lewis & Clark Law School
Taming The Digital Wild West: The Need To Fully Regulate The Crypto Market, Shawn Stevenson
Lewis & Clark Law Review
Despite past doubts from sophisticated investors, cryptocurrencies have fully emerged from the underground and become a hot topic in mainstream financial discussions. At its peak, the global crypto market possessed a market cap of nearly $3 trillion, with the vast amount of that value created in less than two years. But this rapid growth has also come with extreme volatility; now more than a year out from that peak, the global crypto market has shrunk to under $1 trillion and has been riddled by high-profile bankruptcies. On top of this extreme volatility, the largely unregulated crypto market has become an …
Strategies For Mitigating The Costs Of Evolving U.S. Governmental Regulations In The Financial Investment Industry,
2024
Walden University
Strategies For Mitigating The Costs Of Evolving U.S. Governmental Regulations In The Financial Investment Industry, Walter Steven Miller
Walden Dissertations and Doctoral Studies
Financial investment leaders who lack strategies to respond to U.S. government financial policy changes’ risk decreasing organizational profitability resulting in customer and employee attrition. Grounded in Porter’s theory of competitive advantage, Barney’s resource-based view (RBV) theory and Pigou’s public interest theory, the purpose of this qualitative multicase study was to explore strategies financial investment leaders use to respond to U.S. governmental policy changes. The participants comprised three financial investment leaders at three Jacksonville, Florida organizations. Data were collected using semistructured interviews conducted face to face and by telephone along with documents obtained from the company websites. Through thematic analysis four …
Strategies For Mitigating The Costs Of Evolving U.S. Governmental Regulations In The Financial Investment Industry,
2024
Walden University
Strategies For Mitigating The Costs Of Evolving U.S. Governmental Regulations In The Financial Investment Industry, Walter Steven Miller
Walden Dissertations and Doctoral Studies
Financial investment leaders who lack strategies to respond to U.S. government financial policy changes’ risk decreasing organizational profitability resulting in customer and employee attrition. Grounded in Porter’s theory of competitive advantage, Barney’s resource-based view (RBV) theory and Pigou’s public interest theory, the purpose of this qualitative multicase study was to explore strategies financial investment leaders use to respond to U.S. governmental policy changes. The participants comprised three financial investment leaders at three Jacksonville, Florida organizations. Data were collected using semistructured interviews conducted face to face and by telephone along with documents obtained from the company websites. Through thematic analysis four …
Mda Services: Yes, You Can Recoup Your Dues With Mda-Endorsed Programs,
2024
MDA Services, Michigan Dental Association
Mda Services: Yes, You Can Recoup Your Dues With Mda-Endorsed Programs, Reva Darling
The Journal of the Michigan Dental Association
MDA Services Report highlights how being an organized dentistry member can yield significant financial returns through MDA-endorsed products and services. By leveraging just eight of the 32 endorsed offerings, potential savings of $25,659 are achievable. Key endorsed services include Best Card for credit card processing, iCoreConnect for software needs, Quality Dental Plan for in-office dental plans, The Dentists Supply Company (TDSC.com) for supplies, ProSites for website and e-marketing, D-MMEX Easyrefine for precious metal refining, Eagle Associates for regulatory compliance, and Dental Business Specialists for accounting. Members are urged to explore the range of endorsed programs for comprehensive benefits.
Product Elimination Decision And Its Impact On Consumers: The Special Case Of A Local Speedway,
2024
Coastal Carolina University
Product Elimination Decision And Its Impact On Consumers: The Special Case Of A Local Speedway, Mark Mitchell, Jacob Voegel, Michael Smith
Atlantic Marketing Journal
After 60+ years of operation, Myrtle Beach Speedway was closed and the property sold. The new owners will redevelop the property for commercial and residential purposes. Businesses routinely eliminate products for a variety of reasons, including under-performance and/or a desire to redeploy those resources elsewhere. What is often overlooked is the impact on consumers. In addition to reducing fan access to racing, a closed race track removes a racing opportunity for aspiring race car drivers and crew members. It can also mean shuttering tracks that once had historical significance. The history of raceway closures in the Myrtle Beach, SC area …
The Impact Of Expansionary Monetary And Fiscal Policy On Firm Performance: A Comparative Analysis Of Pre, During, And Post-Covid Periods,
2024
Sacred Heart University
The Impact Of Expansionary Monetary And Fiscal Policy On Firm Performance: A Comparative Analysis Of Pre, During, And Post-Covid Periods, Kofi O. Adansi Pipim
Doctoral Dissertations (DBA)
In this research, we use panel data regression analysis to investigate the impact of expansionary monetary and fiscal policies on firm performance in pre (2017 to 2019), during (2020 to 2021), and post COVID-19 (2022 to 2023) periods. We combine quarterly data sourced from the Wharton Research Data Services (WRDS)-Compustat and the St Louis Federal Reserve Economic Data (FRED) databases. After combining all data, our final sample consists of 3,226 publicly listed firms in the United States. We test the hypothesis that the economic and fiscal policy interventions instituted by the Federal Reserve (Fed) significantly affected firm performance during and …
Relative Impact Of Economic Policy Uncertainty And Mortgage Rates On The Supply Of New Homes For Sale In The United States,
2024
Sacred Heart University
Relative Impact Of Economic Policy Uncertainty And Mortgage Rates On The Supply Of New Homes For Sale In The United States, Jaclyn M. Devylder-Gaidish
Doctoral Dissertations (DBA)
This paper analyzes the changeable impact of economic policy uncertainty and mortgage rates on the supply of new homes for sale in the United States. The homes supply is proxied by the ratio of new homes for sale to new houses sold. The analysis utilizes monthly data from January 1985 to November 2023. The relationship is assessed using least square regression with second order autoregressive correction as well as Bai-Perron multiple breakpoint regression for structural breaks and Markov switching tests for state-dependency. The results demonstrate a significant direct correlation between economic policy uncertainty and housing supply, but only during the …
Economic Policy Uncertainty And Its Impact On Unemployment Rates Among U.S. Ethnic Groups,
2024
Sacred Heart University
Economic Policy Uncertainty And Its Impact On Unemployment Rates Among U.S. Ethnic Groups, Melody Shirley Nimoh
Doctoral Dissertations (DBA)
The study aims to investigate the transmission of Economic Policy Uncertainty (EPU) shocks on unemployment rates across different ethnic groups in the United States. The research employs econometric analysis such as regression modeling to determine the relationship between EPU and unemployment rates among African American, Hispanic or Latino American, and White American communities. The study estimates coefficient estimates for the lagged change in EPU and its impact on respective unemployment rates for each ethnic group. This shows that there are statistically significant positive relationships between EPU shocks and unemployment rates across all ethnic groups. An increase in EPU leads to …
