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Essays On Capital Structure And Ownership Structure, Yiqin Chen

Dissertations, Theses, and Capstone Projects

This dissertation consists of two chapters about how ownership structure affects REITs’ capital structure and property transactions.

Chapter 1: The Influence of Ownership Structure on REITs’ Financing Decisions
This essay explores how ownership structure affects REITs’ financing decisions following natural disasters. The results show that REITs with high insider ownership tend to increase leverage in the aftermath of such events, while those with high institutional ownership, especially long-term institutional ownership, are more likely to reduce leverage. These findings provide further evidence of the monitoring role of institutional investors in shaping REITs’ financial strategies during times of crisis.

Chapter 2: …

The Impact Of Voluntary Disclosure Of Customers’ Names On Firm Value, Mu Li

Dissertations, Theses, and Capstone Projects

Customers are a primary source of a firm’s revenue, and a firm’s relationships with its customers are one of the key factors of its success. To reduce information asymmetry regarding customers, the U.S. Securities and Exchange Commission (SEC) mandates that all publicly traded firms disclose sales to major customers who account for more than 10% of the firm’s consolidated sales. Firms may voluntarily disclose more customer information such as customers’ names. While managers may be concerned with the financial implications of such voluntary disclosure, no studies to date have explored how it impacts firm value. Using a sample of 768 …

Techno-Geopolitics And Semi-Conductor Chokepoints: Beyond The Us-China Wto Dispute, Han-Wei Liu, Ching-Fu Lin

Research Collection Yong Pung How School Of Law

Much ink has been spilled on the US-China tech and trade war, particularly the role of US export controls in containing China and preserving America’s tech dominance. Less attention, however, has been paid to other critical nodes in the global semiconductor supply chain – Taiwan, South Korea, Japan, and the Netherlands – which we coin as ‘chokepoint economies’. Taiwan alone produces over 90% of the world’s most advanced chips, vital to the digital age and the future of AI in the Indo-Pacific and beyond. Using Taiwan as a case study, this paper shows how chokepoint economies navigate competing pressures amid …

On Sgx’S Voyage To Corporate Sustainability: Exploring Emerging Topics In Multi-Industry Corpora, Xinwen Ni, Min Bin Lin, Simon J.D. Schillebeeckx, Wolfgang Karl Hardle

Research Collection Lee Kong Chian School Of Business

Topic modeling and LDA (Latent Dirichlet Allocation) have proven valuable in various fields as an innovative approach to studying areas of interest and identifying topics in a dynamic content. The underlying assumption is that techniques like LDA can swiftly capture emerging topics in textual documents compared to other categorization tools. These unsupervised approaches have been used to identify new industries and technological domains. However, our study on the nascent topic of “sustainability” within the corpora of SGX-listed companies highlights clear limitations in employing techniques like LDA on sparse data. The dynamic LDA approach, also called DTM (Dynamic Topic Modelling),based on …

The Gender Effects Of Covid: Evidence From Equity Analysts, Frank Weikai Li, Baolian Wang

Research Collection Lee Kong Chian School Of Business

We use COVID-19 and sell-side analysts as an experiment to study the effects of gender on labor productivity. We find that the forecast accuracy of female analysts declined more than that of male analysts, especially when schools were closed and among analysts who were more likely to have young children, were inexperienced, were busier, or lived in southern states of the US. Relative to male analysts, females also reduced their forecast timeliness and resorted to more heuristic forecasts but did not reduce coverage or updating frequency. Relative to pre pandemic, female analysts’ careers were more negatively affected than male analysts’. …

Capacity Investment In The Presence Of Correlated Demand And Production Resource Uncertainties And Its Implications For Financial Hedging, Onur Boyabatli, Guiyun Feng

Research Collection Lee Kong Chian School Of Business

In manufacturing firms, besides demand uncertainty, capacity investment decisions may also be subject to uncertainty in the availability of a production resource (e.g., budget or commodity component) which may become constraining for manufacturing. When the production resource uncertainty is tied to a financial index (e.g., asset or commodity price), the firm can enter into financial hedging contracts at the time of capacity investment to engineer this uncertainty. Our paper characterizes the optimal capacity investment and hedging decisions and examines how production resource uncertainty impacts the firm’s decisions, profitability, and the value of hedging. We identify three key drivers of these …

The Pricing Of Green Bonds And The Determinants Of The Green Bond Premium In The Asia-Pacific And European Markets, Parath Wongaree, Chiyachantana N. Chiraphol, Kuan Yong David Ding, Pattarawan Prasarnphanich, Wasin Siwasarit

Research Collection Lee Kong Chian School Of Business

This study examines the sources of capital for sustainable development and investigates the existence of a green bond premium in both primary and secondary bond markets across the Asia-Pacific and European regions. Utilizing the robust Coarsened Exact Matching (CEM) method in conjunction with the Synthetic Minority Oversampling Technique (SMOTE), our analysis reveals a significant disparity in yields between green bonds and conventional bonds within the Asia-Pacific markets, indicating the existence of a green bond premium. In contrast, this distinction is not observed in Europe. These findings suggest that investors in the Asia-Pacific region display a willingness to accept lower yields …

Business Schools And The External Environment: Where Are They Now?, Kai Peters, Howard Thomas, Michael Thomas

Research Collection Lee Kong Chian School Of Business

The article, the first of a two-part series, takes a look at the external environment facing business schools today. Major factors considered include the global landscape and related populism, funding shortfalls, increasing regulatory burdens, increased competition, and artificial intelligence. This combination of challenges, together with factors that are internal to business schools and universities and will be examined in an article later in the year, means that it is not an easy time to be the dean of a business school. Protecting present income streams, developing new sources of funds, and being agile are all paramount.

Paradoxical Leadership As Facilitator In The Idea Journey: The Role Of Regulatory Focus, Irene E. De Pater, Shenghui Wang, Ming Yi, Eric F. Rietzschel

Research outputs 2022 to 2026

Drawing upon theory and research on innovation, conservation of resources, and paradoxical leadership, we examine relationships between three stages of the innovative process (i.e., idea generation, idea dissemination, and idea implementation) and the role of paradoxical leadership as a facilitator of the transitions between these stages. In addition, we examine the motivational mechanisms (promotion and prevention focus) that can explain the relevance of paradoxical leadership in the innovative process. Results of a four-wave study show that paradoxical leadership, through employee promotion focus, strengthens the relationship between idea generation and idea dissemination, whereas paradoxical leadership, through employee prevention focus, strengthens the …

The Prospect Of Geospatial Analysis In The Prediction Of Surface Quality In Machining, Prithbey Raj Dey, David Lee Enke

Engineering Management and Systems Engineering Faculty Research & Creative Works

This research underscores the prospect of geospatial analysis in machining operations to enhance precise prediction and robustness, offering a comprehensive framework of spatial modeling for advanced manufacturing processes. Geospatial analysis not only provides accurate predictions but also estimates the uncertainty associated with these predictions, offering valuable insights for process optimization. The surface quality in the machining processes is expressed by the estimation of the average surface roughness. While machining parameters are extensively analyzed for their influence on surface quality, the roughness profile parameters are inadequately explored. This work integrates these underexplored parameters into geospatial predictive models and evaluates their impact …

A System Of Systems (Sos) Meta-Architecture Approach To Design Digital Platform-Based Domestic Worker Distribution System, Prithbey Raj Dey, Cihan H. Dagli, David Lee Enke

Engineering Management and Systems Engineering Faculty Research & Creative Works

In this research, a System of Systems (SoS) meta-architecture is conceptualized to design a digital platform-based system framework for the distribution of domestic workers to boost the crowd-sourced economy. While an Object Process Methodology (OPM) is used to articulate the relationships between the objects and functions, a Design Structure Matrix (DSM) has been applied to address the interactions between individual components to categorize them into subsystems to create the SoS architecture. This SoS architecture incorporates several Key Performance Attributes (KPAs) and Key Performance Parameters (KPPs) to systematically evaluate the meta-architectures. The Analytical Hierarchical Process (AHP), Pugh’s Evaluation Matrix, and Technique …

Blockchain-Based Ai-Assisted Cyber-Physical Systems For Robust And Reliable Machining Processes, Prithbey Raj Dey, David Lee Enke

Engineering Management and Systems Engineering Faculty Research & Creative Works

This study demonstrates the prospects of Blockchain-based Cyber-Physical Systems (CPS) to establish a scalable framework for designing a secured, automated, and traceable modeling in machining processes. Machining operations like turning, being inherently complex, rely on different types of explanatory parameters such as feed rate, depth of cut, cutting speed, tools, and environmental factors. All of these variables significantly influence key response variables like surface quality, tool wear, cutting forces, and energy consumption. The proposed Blockchain-based framework, designed using the Object-Process Methodology (OPM) systems modeling language, enables the reliable exchange of comparative data streams within a unified data analytics platform. By …

Linear Mixed Model For The Surface Roughness Prediction In Hard Turning Operation, Prithbey Raj Dey, David Lee Enke

Engineering Management and Systems Engineering Faculty Research & Creative Works

Surface machining using hard turning is an intricate operation due to the influence of multiple machining parameters, their non-linear interactions, and the inherent variability introduced by different experimental trials. This study proposes a Linear Mixed Model (LMM) for predicting surface roughness, effectively addressing the challenges in traditional linear models, posed by the influencing factors, non-linearity, and interactions. The LMM incorporates variability from both fixed effects, such as cutting parameters (feed rate, depth of cut, and cutting speed), and random effects arising from tool wear across experimental runs. As a result, it provides a more comprehensive understanding of how these factors …

The Risk Of Marginal Inclusion In The Fortune 500: A Quasi-Replication Of Lewis & Carlos (2023), W. Chad Carlos, Yasir Dewan, Ben W. Lewis, Brian P. Reschke, S. Isaac St. Clair

Faculty Publications

Conventional wisdom suggests that being included in an exclusive ranking leads to positive external evaluations. However, Lewis and Carlos (2023) found that firms situated near the threshold for inclusion on the 100 Best Corporate Citizen ranking were devalued by investors. To assess the generalizability of this surprising finding, we quasi-replicate and extend this finding by applying the same regression discontinuity design to the Fortune 500 ranking. We find corroborating evidence: firms near the bottom of the Fortune 500 receive lower external evaluations, not only from investors but also from industry peers. Our findings therefore quasi-replicate and extend Lewis and Carlos’ …

Bellyache, Valerie Braylovskiy

Canterbury Scholars

My manuscript of poems, called "Bellyache," speaks to my experience with endometriosis and how it intersects with both womanhood, and the pain we inherit from our ancestors that becomes stored in our bodies over time. This project gave me the permission to write poems that grapple with both escaping and recreating what it’s like to be a woman inside the medical system which continues to equate pain with hysteria, and inside a world that either says you’re sick, or you aren’t.

Corporate Reputation: The 'Currency' Of Communication, Kleon Battersby

Student Theses and Dissertations

The purpose of this research was to show how and why businesses rely on reputational currency as a resource when conducting business and how that reputation can be affected. The first part of the study was conducted using peer-reviewed articles, public-facing, and managerial articles from credible online sources. The second part uses a case study strategy, projecting the findings from the literature review into a single case on JP Morgan. This business corporation is an ideal choice for this topic because they use reputational currency as a tool to remain ahead of their competition, form business partnerships, and establish new …

Examining Nonprofit Organizations' Use Of Social Media To Reach Organizational Goals, Amanda L. Margiotta

Student Theses and Dissertations

This thesis investigated the impact of social media on nonprofit organizations’(NPOs) efforts to reach their organizational goals. Focusing on a breast cancer organization, the Ellen Hermanson Foundation, and a domestic violence organization, Hope’s Door, and their social media use, this study analyzed their marketing and fundraising campaigns for breast cancer awareness and domestic violence awareness months, as well as Giving Tuesday. With the use of qualitative content analysis, this study identified the use of communicative strategies such as testimonials, reporting and statistics, storytelling through short videos, and call to action to make posts compelling and solicit engagement. It also identified …

The Impact Of Transformational Leadership In Job Quality In Manufacturing Sector: A Mediating Role Of Job Attitude, Joel Mark Rodriguez, John Jarold M. Flores, Lourdes Q. Palallos

Journal of Global Awareness

This research explores the impact of transformational leadership on the attitude and quality of jobs in the manufacturing sector, increasing understanding of employee performance and organizational outcomes due to the gap found in the explanation of how the inputs of leadership translate into the outcomes of organizations. The present study found a weakness in the few studies relating transformational leadership to job quality, especially within the manufacturing setting. The objective of the present study was to examine the relationship of transformational leadership with job attitude and job quality while exploring if the relation between transformational leadership and job quality is …

College Student-Athlete Identity Unveiled: The Interplay Of Racial And Ethnic Subdimensions, Trevor Bopp, Rhema Fuller, Michael Stellefson

Journal of Issues in Intercollegiate Athletics

The racialized and institutionalized structure of the NCAA, college sports, and the PWIs that host most athletic programs positions racial and ethnic identity as a potential barrier to the social and academic engagement, mental health, and identity development of student-athletes. However, few studies examine the relationship, role, and influence of racial, student, and athlete identities outside of domain-specific outcomes. We collected data from 343 student-athletes to explore the relationships between student-athletes' academic and athletic identities, race centrality, and private and public regard, while also examining how race and ethnicity influence these identity dynamics. Our results revealed race and ethnicity to …

Recruitment Of International College Athletes (Icas) To The United States: A Bourdieuian Examination Of Pathways To Success, Simran Kaur Sethi, Kirsten Hextrum, Kaitlin Pericak

Journal of Issues in Intercollegiate Athletics

Successful recruitment pathways of international college athletes (ICAs) remain understudied. We use Bourdieu’s capital exchange theory to examine how ICAs acquire and deploy forms of capital to navigate college athletic recruitment. Bourdieu posits that individuals accumulate different forms of capital, including economic, social, and cultural capital, which they can use to gain access to resources and opportunities. In the context of athletic recruitment, ICAs may need to acquire different forms of capital than their domestic counterparts. Thus, we use a qualitative research design to explore how ICAs navigate the recruitment process. Findings from our study provide valuable insights into the …

Who Should Take Responsibility For Artificial Intelligence Actions And Outcomes? Perception Of Auditors As Users Of Ai Systems, Hanh Hoang Le

Doctoral Dissertations

As artificial intelligence (AI) systems become increasingly embedded in auditing processes, questions arise regarding how professional auditors perceive and allocate responsibility for AI-assisted decisions. This study investigates the effects of AI explainability and auditors’ perceived autonomy on perceived responsibility in the context of audit decision-making. Drawing on theories of moral responsibility and professional judgment, the study employs a 2x2 experimental design using hypothetical audit scenarios to manipulate levels of AI explainability and auditors’ autonomy. Hierarchical regression analysis reveals that perceived autonomy statistically significantly increases auditors’ perception of responsibility for AI-assisted decisionmaking, whereas AI explainability is not a significant predictor. Additionally, …

Implicit Ethical Consumerism: Development And Cross-Cultural Validation Of A Novel Affect-Misattribution Measure, Brandon Reich, Hong Yuan, Lamberto Zollo, Riccardo Rialti

Business Faculty Publications and Presentations

The literature has documented a pervasive attitude‐behavior gap in ethical consumption, whereby many consumers do not consistently translate their expressed positive attitudes toward ethical products into behavior. For marketers investing in social responsibility initiatives, this suggests that more accurate segmentation and demand forecasting may require an implicit measure of ethical consumerism. This study draws from literatures in ethical consumption and the psychology of attitudes to develop and validate such a measurement tool. Across three pretests and three studies, findings show that our implicit measure (based on the Affect Misattribution Procedure [AMP]) is cross‐culturally robust in predicting ethical consumption behavior beyond …

The Identity Crisis Of Nil: A Mixed-Method Exploration Of Athlete Brand Perception And Adaptation, Ep Kester

Masters Theses

In the evolving era of athletics, student-athletes find themselves at the center of many contemporary conversations. Consequently, the pressure to create and maintain a brand is commonly observed in collegiate sport. Considering, this study investigates the brand identity perceptions of Division I athletes at Liberty University. Employing a mixed methods approach, this study makes use of a quantitative survey adapted from the validated ABidS (Athlete Brand Identity Scale), as well as qualitative in-depth interviews. The semi-structured interviews provided complex data that indicate areas of brand identity like entitlement, responsibility and program obligation. This research seeks to elucidate branding dynamics surrounding …

In The 21st Century, Poor Communication Within Culturally Diverse And Integrated Ethnic Group Workforce Can Lead To Low Productivity, Resulting In Loss Of Revenue, Ihedi Adugba

Doctoral Dissertations and Projects

Today, business is conducted on a global scale, and consequently, culturally diverse workforces are becoming increasingly common. The continual increase in global economic integration within the workforce has given rise to a deeper knowledge of the essence of better communication with people of differing cultures and languages. Multiculturalism is made up of diverse cultural value systems. A culturally diverse workforce enhances cultural identity with individuals of different backgrounds expressing diverse points of view. Organizations tend to reach their maximum potential when the strategy of managing a culturally diverse workforce is strictly followed. Based on socio-cultural diversity, organizations can accommodate individuals …

The Ai-Powered Future Of Digital Transformation: Enhancing Organizations And Leadership Development, Martin Sposato, Eduardo Carlos Dittmar

All Works

Purpose: This paper examines the integration of AI-enhanced coaching systems into traditional organizational development practices and develops a comprehensive theoretical framework to understand these complex interactions. Design/methodology/approach: A narrative literature review synthesizes theoretical perspectives and empirical studies at the intersection of digital transformation and coaching practices. This review systematically examines multiple theoretical frameworks related to human–technology collaboration in organizational contexts. Findings: The research establishes a theoretical framework comprising four interconnected domains: cognitive amplification, collaborative learning, ethical governance and adaptive evolution. Three hypothetical case studies demonstrate the practical application of this framework across diverse organizational settings, revealing both challenges and opportunities …

Leveraging Ai For Marketing Decisions: Algorithmic Targeting And Healthcare Applications, Annie Shi

Olin Business School Graduate Student Theses and Dissertations

In this dissertation, I leverage artificial intelligence (AI) for making effective marketing decisions, specifically on how to measure the causal effects of targeting promotions and detecting suspicious retail buyers of opioids. In the first chapter, we propose a novel approach in measuring the true causal effects of targeting promotions. Targeting promotions on online platforms are often determined by AI algorithms, which utilize extensive customer and seller information to generate various algorithmic scores for targeting. Effective targeting, however, will lead to selection bias when evaluating the causal effects of promotions. we analyzed 2,294 promotion experiments on a major online retail platform …

Ontology, Epistemology And Axiology In Halal Research: Empirical Evidence From Hajj Pilgrimage, Mohammad Mominul Islam

International Journal of Religious Tourism and Pilgrimage

The philosophical contributions of ontology, axiology, and epistemology have not provided a clear understanding of conventional or Halal tourism, including the Hajj pilgrimage. Against this background, this study aims to explore the Halal perspective of knowledge creation, including At-Tawhid, Ijtihad, and philosophies, through a qualitative and grounded theory approach with inductive reasoning and ethnographic approach. The author collected primary data through active observation of the Hajj rituals from June 16th to July 25th, 2022, in Makkah, the Kingdom of Saudi Arabia, and popular blog posts about the travel experience of pilgrims. Then, the data were analysed using ATLAS.ti to result …

Exploring Models Of Reflective Practice To Aid The Understanding Of Pilgrimage Experience, Chris Hall

International Journal of Religious Tourism and Pilgrimage

This paper explores the use of models of reflective practice to aid reflection and sense making for a walking pilgrimage experience and analyses the challenges of using such a model in this context. The paper then examines whether Greenia’s definition of pilgrimage experience can be used as a model to aid reflection. This is subsequently applied to a 5-day walking pilgrimage experience and its effectiveness assessed.

A Study Of Push And Pull Motivational Factors Of Religious Tourism In India, Niharika Singh, Somesh Dhamija, Aruna Dhamija

International Journal of Religious Tourism and Pilgrimage

This study investigates the motivational factors that drive both foreign and domestic religious tourists to visit Vrindavan, one of India’s most famous Hindu religious sites. Using an established push and pull framework, the research explores why tourists choose Vrindavan as a destination for religious tourism. Based on existing theoretical and empirical studies, the researchers developed a quantitative approach, employing a three-part questionnaire to collect data from 598 visitors. Through Principal Component Factor Analysis, the study identified five key push factors and four pull factors, with religious beliefs and cultural enjoyment being the most prominent. The findings confirm the relevance of …

Crafting Myths In Modern Times: Essentialising Duty, Obligation And Exchange In Religious Tourism, Anuja Jose, Vinita Chandra, Uday Pratap Singh

International Journal of Religious Tourism and Pilgrimage

This paper aims to study the factors that contribute to the success of present-day myths in religious tourism. It also seeks to investigate the factors that compel modern pilgrims to accept a certain myth and the role played by stakeholders of religious tourism in the creation of a myth. In order to explore these research questions, Kauḍī Mātā temple in Varanasi, a popular religious tourist spot for Southern Indians, was chosen for Case Study. Qualitative data have been generated through in-depth interviewing. Simultaneously, several myths of goddess Kauḍī Mātā were recovered from textual and digital sources in addition to the …