Digital Commons Network^™

In The Ceo We Trust: Negative Effects Of Trust Between The Board And The Ceo, Kee-Hong Bae, Sadok El Ghoul, Zhaoran (Jason) Gong, Omrane Guedhami

Faculty Publications

In this study, we investigate whether and how trust between board members and the CEO (board–CEO trust) affects the performance of mergers and acquisitions. Contrary to conventional wisdom, we find that firms with higher levels of board–CEO trust exhibit poor M&A performance. High trust is associated with low acquisition announcement returns, long-term stock return performance, and post-deal operating performance. This negative effect of board–CEO trust is more pronounced among acquiring companies prone to agency problems. Our results suggest that, in the institutional setting of corporate boards, high trust can be too much of a good thing.

Nunneries And Pâtisseries: Tourists’ Gastronomic Experiences At Sacred Sites, Diolinda Ramírez-Gutiérrez

International Journal of Religious Tourism and Pilgrimage

This work traces the experiences spontaneously expressed by travellers who stop at convents throughout Spain to admire their cultural heritage and also to taste their typical pastries. The aim of this study is to analyse the dialectical relationship between the sacred and the profane in heritage and its tourism context, through content analysis and the narrative generated in a social network for tourists. The initial hypothesis is based on possible cultural differences in the characterisation of the experience of visiting these sacred spaces where pastries have been consumed and in the existence of a differentiated pattern association between different levels: …

Applying The Extended Theory Of Planned Behaviour (Tpb) To Predict Behavioural Intention In The Context Of Transformational Tourism: A Case Of Nizamuddin Shrine, Samiha Siddiqui, Sujood ., Sheeba Hamid

International Journal of Religious Tourism and Pilgrimage

The term ‘transformational tourism’ refers to a burgeoning subset of the travel market that goes well beyond the more established categories of just spiritual and religious tourism. This paper aims at examining tourists’ intentions to visit the Nizamuddin Shrine (Delhi) as a transformational tourism destination. The framework incorporates the constructs of the Theory of Planned Behaviour (TPB) i.e. Attitude, Subjective Norms, and Perceived Behavioural Control with an additional construct, Motivation. A Google forms online survey was employed to gather data. Structural Equation Modelling (SEM) using AMOS software was employed to test the proposed hypotheses. A sample of 388 respondents was …

Tourism Potential & Challenges For Islamic Monastery Heritage Sites In Ethiopia: Tiru Sina Mosque, Tesfaye Fentaw Nigatu, Endris A. Haider, Zelalem G. Ambaw

International Journal of Religious Tourism and Pilgrimage

The main intent of this study is to investigate unusual Islamic monastery heritage sites by focusing on the potential resources and challenges for religious tourism development at Tiru Sina Mosque. To meet this objective a qualitative approach was utilised and data were collected through interviews with elderly religious fathers in addition to culture and tourism officers. Additional focus groups, discussions and deep personal observations were conducted. As the findings reveal, Tiru Sina Mosque is a unique Islamic monastic site with great potential for religious tourism development. This unique Islamic monastery heritage site has socio-cultural, economic, historical, religious and aesthetic values. …

A Study On Islamic And Christian Missionary Work In The Top Twenty Global Economies, Tahir Sufi Dr, Mariya Malik

International Journal of Religious Tourism and Pilgrimage

Missionaries travel to promote religion or ‘faith’ among people worldwide. They also spearhead further education, social justice, health care, and economic development projects. However, over the years, missionaries have faced a backlash in several countries due to rising concerns for national security, secularism, and general attitude towards missionary work. In response to such concerns, our study investigates the approach of the world’s top twenty economies towards missionary work. The study explores if such countries permit missionary work, and if ‘yes,’ then ‘how’ missionaries are permitted to travel and under what conditions they are allowed to work in host countries. Finally, …

Sustainable And Inclusive Spiritual Tourism Development In Bali As A Long-Term Post-Pandemic Strategy, Jaeyeon Choe, Luh Putu Mahyuni

International Journal of Religious Tourism and Pilgrimage

The COVID-19 pandemic caused devastating socio-economic impacts in tourism destinations around the world. Many governments and tourism authorities could use the pandemic to seek more sustainable tourism development futures; for example, pre-pandemic Bali’s ‘tourism boom’ barely benefited local people and local businesses because of economic leakage and ‘tourist bubbles’. With an increasing demand on spiritual travel in the post pandemic period, Bali is seeking new opportunities as a spiritual tourism destination. This opportunity is based on their rich cultural and natural resources, and living heritage that can be related to spiritual tourism activities. This spiritual tourism development can contribute to …

Does Internationalisation Give Firms A Second Life? Evidence From Turnaround Attempts Of Declining Firms During Performance Decline, Xin Liang, Rongji Zhou, Jugang Yan, Sibin Wu

Management Faculty Publications

Based upon a sample of 97 US public firms that attempted turnaround from performance decline, we tested the influence of internationalisation on the outcomes of turnaround attempts of firms. We found that internationalised firms had a better chance to recover from performance decline than their domestic counterparts. In addition, the greater the degree of internationalisation, the better chance a firm would recover from performance drop. The chances of recovery do not demonstrate a tendency to decrease even as a firm moves into very high stages of internationalisation.

Addressing Secondary Traumatic Stress, Burnout, Resilience And Turnover In The Child Welfare Workforce: Results From A 6-Month, Cluster-Randomized Control Trial Of Resilience Alliance, Rebecca Orsi-Hunt, Courtney L. Harrison, Kayla E. Rockwell, Anita P. Barbee

QIC-WD Journal Articles

Introduction: US child welfare agencies have historically struggled with workforce retention and turnover. As part of the Quality Improvement Center for Workforce Development in Child Welfare, we tested an adaptation of the Resilience Alliance (RA) model in a large, Midwestern state to address workplace stress, burnout and actual workforce turnover. RA is a 24-week, facilitated program designed to mitigate the impact of secondary traumatic stress among child welfare professionals, and to therefore increase job satisfaction, resilience and optimism and to decrease turnover, stress reactivity and burnout.

Methods: Supervisory units of caseworkers and supervisors were randomized to the RA treatment …

A Gender Perspective Analysis Of Chinese Nationals’ Leisure Time Allocation: Family Life Cycle Versus Demographic Determinants, Jiaqi Luo, Songshan Huang, Ronghui Jiao, Zhiyong Li

Research outputs 2022 to 2026

Family life cycle and gender have a great impact on people’s leisure time allocation. This study uses a nationwide survey to examine the influence of family life cycle and demographic characteristics on Chinese nationals’ leisure time allocation from a gender perspective. We found that Chinese nationals in the life stage of “family with infants” have the least leisure time among the study subjects. Men have more leisure time than women at any stage of the life cycle. Marriage has the greatest negative effect on women’s educational leisure (amateur learning, non-formal education, and reading) and men’s physical leisure (physical exercises and …

Quantifying Impacts Of Competition And Demand On The Risk For Fertilizer Plant Locations, William W. Wilson, Sumadhur Shakya

College of Business Faculty Publications and Presentations

Fertilizer is an essential commodity traded in international and domestic markets and spatial competition is important feature impacting interfirm rivalry. In the case of North American fertilizer, numerous plants have been announced to either expand or open new plants (nitrogenbased fertilizer plants), exerting competitive pressures on an industry with surplus capacity but highly competitive in terms of production costs and technology. Proposed new plants and expansions are being induced by changes in the composition of crops, changes in the price of natural gas which affects the cost of producing domestic anhydrous ammonia. Developments in the fertilizer industry have become more …

Policy Uncertainty Reduces Green Investment, Mengyu Wang, Jeffrey Wurgler, Hong Zhang

Research Collection Lee Kong Chian School Of Business

Government subsidies are often used to stimulate environment-friendly investment. We find that Chinese firms reduce green investment as the uncertainty of subsidies rises. This effect is identified from weather-driven fluctuations in air pollution that lead to fluctuations in subsidy allocations: Firms in cities where weather-driven subsidy uncertainty is high engage in less green R&D investment, patent applications, and research staff. Industries that are heavy emitters and those focused on environmental technologies are more affected. The results suggest that policy uncertainty may originate not only from political and macroeconomic shocks but from behavioral mechanisms that link policy to salient recent conditions.

Could Investors’ Attention In News Hunting Affect The International Capital Market?, Sukmawati Sukamulja, Stefanny Thedora

The Indonesian Capital Market Review

The study of investors’ attention while making decisions in the capital market focuses on some spe- cific keyword searches in the leading search engine platform, namely Google Search Volume Index. This is because investors need to gather related information for the efficiency and effectiveness of their decision-making process. This study aims to provide empirical evidence regarding the effect of investors’ attention on the rate of return, trading activity, and volatility. It offers a new broad perspec- tive on the international capital market, which is projected as the key player in the global economy in the upcoming years, representing both developing …

Essays On Stakeholder Economy, Hanyu Zhang

Dissertations and Theses Collection (Open Access)

The dissertation consists of two chapters on stakeholder economy. It looks at how firms interact with the stakeholders, including not only investors, employees, customers, governments, but also the broader community and society at large, and examines how such interactions affect corporate behavior in China and the global setting. The first chapter studies how societal culture shapes firm behavior and growth by analyzing the trade-off of relying on trust in acquiring stakeholder resources, and testing with data on the number of historic Confucian schools surrounding a current firm’s location in China. Companies more exposed to Confucianism have greater social contributions and …

Assessing Diversification Of S&P500 And Cdx Indexes, Jeffrey A. Palma

Doctoral Dissertations (DBA)

In this paper, I conduct a study of comovement between equity and corporate bonds using S&P500 and Investment Grade and High Yield CDX Indexes to evaluate the diversification benefits of holding these assets in portfolios. I assess comovement and diversification potential using DCC-GARCH and copulas. This approach allows for a review of equity and credit linkages through multiple lenses and evaluation of how these relationships have evolved over time. In general, I find only modest potential for diversification between equity and CDX markets and strong evidence of increased comovement over time.

Tfr 15.2 Full Issue

The Foundation Review

No abstract provided.

Exploring Flexibility In Philanthropic Funding For Place-Based Efforts To Improve Community Health: Reflections On A New York State Multisite Initiative, Beth C. Weitzman, Courtney Abrams, Bronwyn Starr, Irfan Hasan, Amy Shire, Brian Elbel, Carolyn Berry

The Foundation Review

Place-based efforts represent a key approach for philanthropies committed to addressing social determinants of health. This article shares insights and reflections from an experience funding and evaluating the Healthy Neighborhoods Initiative, a $22 million, six-year, place-based effort by two grantmaking foundations in nine geographically and demographically diverse communities across New York state. The initiative aimed to facilitate healthy living by fostering environmental and policy changes to enhance access to nourishing, affordable food and effective spaces for physical activity. Strategies to attain the goals were identified by actors most familiar with local community conditions. The funders provided substantial technical assistance, opportunities …

Community Building As A Philosophy, Not An Initiative, Anne C. Kubisch, Kasi Allen, Max Gimbel

The Foundation Review

What happens when a foundation invests in community building for the long haul? The Ford Family Foundation, a rural embedded funder in southern Oregon, has made that transition over the past decade. The result is a transformed organization with a 10-year strategic plan focused on helping rural communities build the futures that they want to see — places where children and families can thrive.

The foundation is pursuing community building not as a stand-alone strategy or “initiative,” but as a philosophy that guides local community development efforts based on capacity building and grantmaking based on partnerships. The shift to a …

2023 June, Morehead State University. Office Of Communications & Marketing.

Morehead State Press Release Archive, 1961 to the Present

Press releases for June of 2023.

Essays On Tax Impacts On Corporate Finance, Corporate Governance And Regional Disparity, Mei Li

Dissertations, Theses, and Capstone Projects

This dissertation consists of three chapters that cover topics on tax impacts on corporate finance, regional disparity and corporate governance.

Chapter 1 - How Do Net Operating Loss Carryforwards Affect Tax Impact on Corporate Capital Structure? This paper examines the impact of net operating loss (NOL) carryforwards on the tax implications of corporate capital structure. Leveraging the Tax Cuts and Jobs Act of 2017 (TCJA), the largest tax reform in four decades, this paper investigates the effect of NOL carryforwards on firms' sensitivity to tax reforms. As NOL carryforwards have become increasingly significant since 2000, but not widely researched due …

Defining Social Inclusion For People With Disabilities In Governance: Scoping And Thematic Literature Review, Ismi Dwi Astuti Nurhaeni, Prama Wiratama, Intan Sani Putri, Asbiyal Nurdin, Asal Wahyuni Erlin Mulyadi, Tiyas Nur Haryani, Desiderius Priyo Sudibyo

BISNIS & BIROKRASI: Jurnal Ilmu Administrasi dan Organisasi

Consensus on a precise definition of social inclusion for people with disabilities remains elusive. This study aims to systematically review the definition of Social Inclusion for People with Disabilities in Governance (SIPDG) based on the related literature and offer basic theoretical insight into what might be considered relevant for establishing a definition of SIPDG. A scoping review was conducted with a qualitative synthesis of literature from SCOPUS. Articles were identified by final keywords of "social inclusion" AND “disability”*. The search produced 8,305 articles, of which 149 articles were included in the scoping review. A coding method was applied in the …

Letter From The Editor, Jay Nathan

Journal of Global Awareness

No abstract provided.

Globalizing Investments: Enhancing Retail Investor Portfolios Through Cross-Asset International Diversification, Charlotte T. Kline

University Honors Theses

Diversification is frequently reiterated, but for the standard retail investor, the what, how, and why often slide between the cracks. Diversifying internationally appears even more seldom discussed. A wealth of research has been integrated throughout this paper to focus on the what, how, and why of foreign diversification, all from a retail investor's perspective. This synthesis provides a comprehensive background followed by a discussion of a variety of asset classes available for diversification and biases and factors that lead to these gaps in diversification. The findings were divided into two categories: possible asset classes favorable to international diversification and causes …

Safeguarding From Scrutiny: Toward A Critical Consciousness Of Organizational Culture In Humanitarian Ngos, Andrew Henck

Dissertations

Humanitarian nongovernmental organizations (HNGOs) face a moment of reckoning brought on by decades of operational complexity and conceptual tensions between self-espoused values and external pressures as social change movements like #MeToo and Black Lives Matter demand organizational accountability. Humanitarian aid is being questioned systematically as most HNGOs continue reconciling with their colonialist origin stories from the Global North. Alongside a shrinking British foreign aid budget, and mounting pressures for proving value for money, HNGOs face a record number of natural disasters, energy crises, armed conflicts, and other major emergencies to respond to across the globe.

As the British aid sector …

Measuring Diversity, Equity, And Inclusion, Quality Improvement Center For Workforce Development

Workforce Analytics Resources

What is Diversity?

Diversity refers to the degree of differences in the composition of the workforce in terms of such constructs as race, ethnicity, gender, gender identity and expression, sexual orientation, religion, disability, age, national origin, language, or other social identities. Though there are certainly other types of employee differences worth assessing (e.g., acquired diversity characteristics, such as education, skills, personality, preferences, attitudes), the focus here is on inherent social identities, especially those that are related to differences in representation, power, and privilege. Note that diversity is a characteristic of a group, not an individual.

How is Diversity Measured?

To …

The Transparency Dilemma: Competition, Innovation, And Organizational Performance With Corporate Transparency, Xiaoli (Shirley) Tang

Olin Business School Graduate Student Theses and Dissertations

This dissertation comprises three distinct chapters, all centered on the critical phenomenon I term the “transparency dilemma.” This dilemma arises when firms are requested by regulators and stakeholders to reveal proprietary operational information to address externalities created by their business activities. In doing so, they risk losing vital intellectual property or damaging relationships with stakeholders who may benefit from keeping the information confidential. How do firms navigate this dilemma? In Chapter 1, I explore alternative strategies firms employ when disclosure threatens their intellectual property. By focusing on the trade secret provision in chemical disclosures within the hydraulic fracturing sector of …

Financial Accounting Case Studies, John A. Batson Jr

Honors Theses

This thesis was completed in the 2021-2022 academic year and is comprised of eleven accounting case studies. The topics from these cases vary widely and are not strictly focused on accounting. Examples of this includes cases done on the twenty-year anniversary of 9/11, the ramifications of COVID-19 on Pfizer, and having to interview a local business owner. We also completed cases concerning the city we wanted to intern in as well as an excel certification course. Following the conclusion of case 5, me and several other honors students worked together to complete the next six cases which involved analyzing International …

An Analysis Of Accounting Concepts Through Case Studies, Molly Medling

Honors Theses

This thesis aims to provide a holistic picture of the accounting profession through various topics in the field. Divided into case studies, each case examines a particular accounting issue or concept through research and analysis. These cases range from an examination of the events of 9/11 through the lens of the accounting profession to a multiple-case analysis of International Paper Company’s financial position and future actions. Several online articles, financial reports, and accounting courses were used to inform the information included in this thesis. These sources were not only used to provide an analysis of accounting concepts, but also to …

Financial Accounting Case Studies, Warren Spence Graves

Honors Theses

This thesis is a collection of eleven accounting case studies completed during the ACCY 420 course, taught by Dr. Victoria Dickinson within the 2021-2022 academic year. These cases cover a wide variety of topics within the scope of accounting, including the ramifications of the terrorist attacks on September 11, 2001, on businesses and the effects COVID-19 had on Pfizer Inc. Other studies completed ranged from examining a city for potential future residence, an interview with a local business owner, and an excel verification course. Case 6 through Case 11 focuses on the analysis of ExxonMobil and its financials, conducted by …

2021-2022 Accounting Practicum: A Sequence Of Financial Accounting Case Studies, Virginia Barksdale

Honors Theses

The following set of financial accounting case studies represents two semesters of work under Dr. Victoria Dickinson at the University of Mississippi’s Patterson School of Accountancy. As is customary for the Honors Accounting Practicum, subjects covered included current events – e.g., the anniversary of 9-11 and the COVID-19 pandemic – as well as the conceptual frameworks of different financial accounting disciplines. Some cases were more research focused while others involved specific deliverables relevant to the topic of the week. All case studies required the integration of knowledge from past coursework with the knowledge gained through the cases themselves. The work …

Analysis Of Financial Accounting Principles Through Case Studies, Mary Lauren Crane

Honors Theses

This thesis is a compilation of ten case studies completed throughout the 2021-2022 academic year under the direction of Dr. Victoria Dickinson. The first five cases look at various aspects of the accounting world and profession ranging from the effects of COVID-19 on the market to researching a potential location in which to start an accounting career. The latter half of the cases involve an in-depth study of ExxonMobil as a company and the accounting risks associated with it.