Finance and Financial Management Commons^™

Bridging The Chasm Between Fundamental, Momentum, And Quantitative Investing, Allen Hoskins, Jeff Reed, Robert Slater

SMU Data Science Review

A chasm exists between the active public equity investment management industry's fundamental, momentum, and quantitative styles. In this study, the researchers explore ways to bridge this gap by leveraging domain knowledge, fundamental analysis, momentum, crowdsourcing, and data science methods. This research also seeks to test the developed tools and strategies during the volatile time period of 2020 and 2021.

Following The Crowd: Beginners Investors Guide To The Options Market, Jeremy Dawkins, Alexy Morris, Jacob Gipson, Masoud Valizadeh

SMU Data Science Review

While the options market may be intimidating for a beginner, having the right tools can help improve the outcome of their investments. This project aims to develop a tool that uses time-series analysis and forecasting to model the future demand of S&P 500 and AAPL options contracts. The open interest of these contracts will be analyzed using various models such as AR, ARIMA, Neural Networks, and VAR, along with the put-call ratio. The goal is not to make buy or sell recommendations, but alert the user when money is flowing into a security or index. Of all the models, the …

On The Road Lending Program Evaluation: Final Report, Michael E. Swack, Jolan Rivera, Sanjeev Sharma

Carsey Publications

In this report, Michael Swack, Jolan Rivera, and Sanjeev Sharma discuss the results of the On The Road Lending (OTRL) program evaluation.

OTRL and its sister CDFI, On the Road Sustainability Funds (OTRSF), share a common mission to promote prosperity within America’s working families through transportation and financial innovation. While OTRL and OTRDF measure and report on many environmental, social, and financial outcomes, the most important are economic mobility measures and improvements in quality of life, namely, greater agency, and control of options through more wealth and time (OTRL, 2021).

OTRL clients work with a coach who provides vehicle purchase …

Things To Consider Before Co-Signing A Loan, J. David Aiken

Cornhusker Economics

In the context of family farms, includes some general points to consider before you sign a loan guarantee for a family member who is heavily in debt.

Conclusion: Having to consider whether to co-sign a child's loan is a very difficult situation-no one wants to be part of losing part of the family farm or ranch to loan foreclosure. But if the loan guarantee isn't part of a financial turnaround plan that has at least a fighting chance of success, don't sign the guarantee unless you absolutely don't need the money for your own retirement.

Determining The Most Suitable Benchmark(S) For The Liberty University Student Asset Management Fund, Colin Denney, Joseph Engle, Joshua Zody, Luke Perlot, Nathan Corcimiglia, Noah Clark, Quinn Davidson

Liberty University Research Week

Undergraduate

Applied

Recidivism Rates In The United States Versus Europe: How And Why Are They Different?, Madalyn Hayden

Honors Theses

Recidivism rates in the United States (70%) are almost triple that of most European countries (20% in Norway). The question that this project aims to answer is “How and Why are Recidivism Rates in the United States and Europe Different?”. High recidivism rates like the ones we have in the United States indicate that a criminal justice system is perpetuating a crime cycle, rather than rehabilitating or reforming its prisoners. High recidivism rates in the United States are first and foremost caused by high incarceration rates and high juvenile incarceration rates. Other causes are a focus on punishment in our …

Ethics And Nil, Jackson Krause

Honors Projects

Research diving into the ethics surrounds NIL, and how it is affecting the current collegiate athletic atmosphere.

Money And Energy, Admin Stem For Success, Natalie Wilson

STEM for Success Showcase

Money is related to physics concepts to teach students about work, potential energy and conservation of energy

Ceo’S Tweets And Firm Stock Returns: A Case Study Of Elon Musk And Tesla, Jauron Gunther Dam

Honors College Theses

This research study explores the relationship between a CEO’s public statements and a firm’s abnormal stock returns by focusing on the case study of Elon Musk’s tweets and Tesla’s stock price over the course of 2021. A longitudinal dataset is constructed by analyzing how the information contained in tweets affected Tesla’s short-run stock price. The textual data is analyzed based on CEO tweets, the daily frequency of tweets, explicit and implied fundamentals, and sentiment. The content of Elon Musk’s publications may lead TSLA to have abnormal returns. The tweets are able to capture influences from fundamentals and psychology. When Elon …

A Comparison Of Investing Strategies For Individual Investors, Ngoc Hoang

Undergraduate Research Conference

Objective: I compared the performance of three trading strategies to identify if one of them leads to higher ending wealth for the investor.

Blockholder Mutual Fund Participation In Private In-House Meetings, Robert Bowen, Shantanu Dutta, Songlian Tang, Pengcheng Zhu

Accounting Faculty Articles and Research

The Shenzhen Stock Exchange (SZSE) in China is unique worldwide in requiring disclosure of the timing, participants, and selected content of private in-house meetings between firm managers and outsider investors. We investigate whether these private meetings benefit hosting firms and their major outside institutional investors—blockholder mutual funds (i.e., funds with ownership ≥5%). Using a large data set of SZSE firms, we find that blockholder mutual funds have more access to private in-house meetings, and top management is more likely to be present, especially when a meeting is associated with negative news. Furthermore, when blockholder mutual funds attend negative-news meetings with …

Fraud And The Audit Expectation Gap, Samuel Pelumi Olatunde

Honors College Theses

This study seeks to explore the expectation gap Georgia Southern University business and non-business majors have toward the work of an auditor. This study aims to assess the understanding of Auditors' responsibility for preventing and detecting fraud. This study will help assess the roles of an auditor, a forensic accountant, and management in fraud detection and prevention. The study will also highlight the importance of equipping students with accounting knowledge relevant to the business environment. The research for the study is conducted through a survey questionnaire and interpreted with Excel software. The hypothesis is that students that are majoring in …

The Ursinus College Investment Management Company Newsletter, Spring 2023, Eric Parnell, Scott Deacle, Maureen Cumpstone, Ben Sjosten, Kaela Frenchman, Evan Coffrey

Investment Management Company Newsletter

Inside this issue:

At a Glance

Letter from Ben Sjosten '23

Letter from Kaela Frenchman '24

Letter from Evan Coffrey '24

Investment Team Strategies and Updates

UCIMCO Investment Performance and Analysis

Endowment Outlook

Stock Selection Picks

Women's Fund Picks

Our Teams

Thank You!

How to Contribute

Investment Policy Statement UCIMCO Endowment

Investment Policy Statement UCIMCO Women's Fund

Investment Policy Statement UCIMCO Stock Selection

Match Results And The Equity Value Of Publicly Traded Soccer Teams, Ryan Bebyn

Honors Projects in Mathematics

This study aims to examine the relationship between the match performance of publicly traded European soccer clubs and their stock price returns. It is important for investors, owners, and fans to understand how competitive factors both on and off the field affect the equity value of European club soccer teams. Competitive factors such as basic match results (Win, Loss, or Draw), rivalry matches, and international matches will be evaluated against the daily stock prices of publicly traded soccer clubs. A sample of teams traded on public exchanges will be used to analyze the effects of their matches on the daily …

The Dao Of Real Estate, Joseph Bizub, David Reiss

Cornell Law Faculty Working Papers

Real Estate Investment Trusts (REITs) have long proven their worth as liquid securities that give investors access to many real estate asset classes. Decentralized Autonomous Organizations (“DAOs”) are one of several blockchain real estate innovations seeking to provide a new path to those searching to invest in real estate. While the success of the DAO model of real estate investment is far from assured, these new investment options could offer real competition to REITs one day.

Analyzing The Market Cap Responsiveness To Capital Discipline Policies For Us Oil And Gas Producers, Sampath Srungarum

Financial Analyst

In this paper, the effect of specific capital discipline policies, capital structure and capital expenditures, is measured. Financial data from 2014 to 2022 are used to measure the impact of capital discipline policies on market cap. Capital structure measured through the debt-to-equity ratio and capital expenditures were both regressed against market cap to determine correlation. The regressions were sorted according to correlation strength and then grouped based off certain firm characteristics: Market cap, Resource produced, Geographical diversity, and level of integration. The results show little to no relationship between the studied characteristics and the level of market responsiveness to the …

Junior Analyst Burnout, Mccain P. Wnek

Student Publications

This paper explores the issue of burnout among junior analysts in the finance industry, specifically focusing on the role of workplace motivation in contributing to this issue. The review draws on a range of studies and literature related to burnout, motivation, and management practices in the finance industry, analyzing the factors that contribute to junior analyst burnout and identifying effective management practices that can help reduce burnout and promote a positive work culture. The review highlights the importance of adopting a Theory Y management approach that prioritizes employee empowerment, autonomy, and self-direction in addressing burnout among junior analysts. The findings …

The Impact Of Stakeholder Orientation On Tax Avoidance: Evidence From A Natural Experiment, Gary Chen, Ani Manakyan Mathers, Bin Wang, Xiaohong Wang

Finance Faculty Research and Publications

We study the effect of stakeholder orientation on corporate tax avoidance. Using the staggered passage of constituency statutes across U.S. states between 1983 and 2006, we show that greater stakeholder orientation results in increased tax avoidance. We further find greater tax avoidance among firms with limited financial resources and that employees benefit from the change. Our results are consistent with stakeholder salience theory that resource-constrained managers prioritize the claims of salient stakeholders, such as employees, at the expense of secondary stakeholders, such as the government.

Sports Leagues And Organizations’ Financial Recovery From The Covid-19 Pandemic, Matthew Quackenbos

Senior Honors Theses

The COVID-19 pandemic in 2020 caused a global shutdown that immediately stopped all revenue of hosting sporting events for sports leagues. This resulted in a financial struggle for these leagues and organizations that they had to work to overcome. Using public access to financial statements and records, this report examines the financial impact of the COVID-19 pandemic on sports leagues and organizations and how they were able to recover in the years following the pandemic.

Analyzing The Value, Function, And Regulation Of Cryptocurrency, Joshua Ide

Senior Honors Theses

Cryptocurrency is an emerging asset in the financial field designed to act as an alternative medium of exchange to fiat currency. The researcher explores the value, function, and regulation of cryptocurrency to explain the complex system and provide insight into the asset’s prospects. The conclusion indicates that cryptocurrency has a wide variety of uses beyond traditional currency transactions. It also indicates that the recent downturn in the cryptocurrency market is correlated to the drop in the stock market that began in 2021 and is prolonged by economists’ fears of a recession in 2023. Future research should monitor whether the cryptocurrency …