Digital Commons Network^™

Inequality, Oligarchy, And Dynasty, Ronald U. Mendoza

DLSU Business & Economics Review

Although some scholars frame inequality as a necessary step towards economic growth, this paper highlights its double- edged nature by examining oligarchy and dynasty as elements of inequality in the Philippine context. The best way to

ascertain whether inequality can be advantageous for development is to examine how it shapes the context that it works in. The presence of political dynasties is then evaluated based on their impact on patterns of leadership in the country, whereas business oligarchs are assessed by their influence over the structure of the economy. The paper concludes with a three-point agenda to address the root …

Exploring Information Leakage In Historical Stock Market Data, Edison Hua

Dissertations and Theses

Information leakage is a major concern for traders who want to execute large orders without affecting the market price. In this paper, we explore the sources and effects of information leakage in historical stock market data using various methods and metrics. We first define information leakage as a pattern caused by a trader that would otherwise not occur without the trader’s activity. Using historical data, the direct impact of a potential large trade cannot be measured, but we consider a minimal impact large trade to be one that minimizes changes to the established trading data. We then analyze how information …

Tuberkulosis Di Indonesia: Apakah Status Sosial-Ekonomi Dan Faktor Lingkungan Penting?, Amalia Kusumaningrum, Grace Wulandari, Achmad Kautsar

Jurnal Ekonomi dan Pembangunan Indonesia

This study aims to find the social-economic status and environmental factors for tuberculosis in Indonesia by using Indonesia Family Life Survey (IFLS) data in 2014. First, this study analyzes individual characteristics with regression logistic method. Second, this study estimating social-economic status by entering a correction from the first stage. Meanwhile at the third stage, adding factors home environmental conditions and entering a correction from the previous stage. This study find that household income is the affecting factors, especially for households with incomes of less than IDR 600.000. In additions, level education especially high school and college also has a significant …

Essays On Parental Migration In China And Performance Of Two Asset Pricing Models, Yuqing Song

Graduate Research Theses & Dissertations

This dissertation comprises two research strands. The first strand investigates the migration choices of parents in rural China and their specific impact on children's educational outcomes. The second strand delves into the realm of financial econometrics, focusing solely on the performance of two asset pricing models on days scheduled for important macroeconomic news announcements.

The first essay places emphasis on the migration decisions of two-parent households with school-aged children. The findings affirm the hypothesis that household characteristics, rather than each parent’s personal traits, play an important role in determining parents’ migration choices.

The second essay examines the short-run effects of …

Excess Capacity In The Banking Sector And Its Effects On The Sub-Saharan Economy, Fu-Ad Wumpaeh Alhassan

Masters Theses

The banking sector plays a critical role in driving economic growth and financial stability in any region. However, the issue of excess capacity within this sector can have a profound effect on the overall health of the economy. This study investigates the excess capacity in the banking sector within the context of the Sub-Saharan region and explores its implications on the economic performance of countries within this area.

This research employed a mixed methods approach that combines both quantitative and qualitative analyses. Firstly, a review of existing literature on excess capacity in the banking sector and its impact on economies …

China’S "Greek Gift" To Africa: A Myth Or Reality, Chibuzo Uchechukwu Victor Obasi

Graduate Research Theses & Dissertations

Two differing perceptions have dominated explanations of the relationship between China and Africa. The first is often held in the West and sees China as an exploitative force that has latched onto Africa's quest for development partnerships to exploit the continent economically. The second considers the China-Africa partnership more positively and views China as a trustworthy ally. Advocates argue that China has no history of colonial ambitions in Africa. Instead, China intervened in Africa to fill the financing gap and tackle the development challenges in Africa with no political strings attached. Perception of which view is mainly correct depends on …

Would Ai Stocks Estimate Be As Surprised To Usda Stocks Reports As Private Market Analysts?, Asif Mahmud Chowdhury

Electronic Theses and Dissertations

The USDA survey-based Quarterly Agriculture Stocks (QAS) reports are the primary source of information regarding the relative supply of U.S. corn, soybeans, and wheat for the last fifty years. Research has examined USDA stock reports and their relevancy to the market (e.g., Isengildina-Massa et al., 2021). In addition, private industry analysts estimate expected quarterly grain stock reports before USDA releases them. Market information firms such as Bloomberg and Reuters publish a subset of these estimates a few days before the USDA reports. Previous research has found that when industry analysts have significant differences in stock expectations compared to what the …

Freedom And Heteronomy In The Anthropocene, Alexander M. Stoner, Harry F. Dahms

Journal Articles

No abstract provided.

An Examination Of Transitioning Meso-Institutions And Markets In The Landscape Of American Politics, Devin Thomas Marconi

Graduate Student Theses, Dissertations, & Professional Papers

This paper bridges the gap in the literature between sociological accounts of market actors provided by Mark Granovetter and Douglas North, meso-institutional examinations of polarization provided by Paul Pierson and Eric Schickler, and the psychological exploration into cross-cutting identities provided by Liliana Mason. I argue that the nationalization and concentration of markets, identities, and politics have led to a transition within the meso-institution of the market from maintaining self-regulating punishment mechanisms to replacing them with self-reinforcing mechanisms, exacerbating affective polarization. Previous works explore the transition within the meso-institutions of the media, interest groups, and political parties. I include the market …

Carbon Leakage: Evidence From French Trade Data, Jared Gibbs

Graduate Student Theses, Dissertations, & Professional Papers

Pollution leakage has existed as a concern of both trade theory and domestic policy since questions of the environmental impact of economic activity entered the literature. With the growing threat of climate change and the proliferation of carbon pricing policies around the world, the value of robust estimate of the extent of carbon leakage is particularly acute. Using a pseudo poisson maximum-likelihood (PPML) estimator, I examine French trade volumes to identify potential evidence of carbon leakage. To that end, the net carbon tax between France and its trading partners is regressed on the trade volume in 318 carbon intensive goods. …

Logistics Leader Strategies For Retaining Employees, Sandra Northern

Walden Dissertations and Doctoral Studies

Low employee retention can lead to a lack of the knowledge, skills, and abilities required for sustainable logistics operations. Logistics leaders are concerned with employee retention because turnover increases business costs, reduces operational efficiency, and decreases profitability. Grounded in Herzberg’s two-factor theory, the purpose of this qualitative single case study was to explore strategies logistics leaders use to increase employee retention. The participants were three senior leaders from a logistics organization in the northeast region of the United States who possessed knowledge and experience of the research phenomena. Data were collected through semistructured interviews, company documents, publicly available data, and …

Logistics Leader Strategies For Retaining Employees, Sandra Northern

Walden Dissertations and Doctoral Studies

Low employee retention can lead to a lack of the knowledge, skills, and abilities required for sustainable logistics operations. Logistics leaders are concerned with employee retention because turnover increases business costs, reduces operational efficiency, and decreases profitability. Grounded in Herzberg’s two-factor theory, the purpose of this qualitative single case study was to explore strategies logistics leaders use to increase employee retention. The participants were three senior leaders from a logistics organization in the northeast region of the United States who possessed knowledge and experience of the research phenomena. Data were collected through semistructured interviews, company documents, publicly available data, and …

The Dynamics Of Thai Household Poverty And Its Implications, Nattabhorn Leamcharaskul

Chulalongkorn University Theses and Dissertations (Chula ETD)

This study aims to examine poverty in Thailand by identifying determining factors of poverty incidence and dynamics from both monetary and non-monetary perspectives. It also explores the voices of the poor and analyzes the role of social capital in poverty reduction. Quantitative analysis utilizes the SES panel dataset from 2007, 2012, and 2017, comprising 3,567 households, while quantitative analysis involves in-depth interviews conducted with 90 households in Mae Hong Son, Buri Ram, and Pattani, using the life-history approach. The findings show positive impact of remittances and increasing average years of schooling on poverty status. The vulnerability of households relying solely …

A Comparative Country Study Of Outward Fdi Determinants With Special References Of Singapore, Malaysia And Thailand, Penporn Pathong

Chulalongkorn University Theses and Dissertations (Chula ETD)

Over the last decade, ASEAN outward FDI increased significantly despite being major recipients of FDI. Singapore, Malaysia, and Thailand have developed into an emerging investment source for many countries. Our study uses panel data analysis covering the period 2005–2019 to investigate and compare their determinants in order to draw policy implications. The results show that common factor that influence outward FDI of the above three countries are technology and geographic distance. Specific factors that influence outward FDI of individual countries differently are GDP, exchange rate, inflation rate, labor cost, export, import and political stability. For policies implication government can encourage …

Three Essays On Trade Costs And Firm Exports, Sunil Kumar Dash

Chulalongkorn University Theses and Dissertations (Chula ETD)

This thesis consists of three separate and self-contained individual studies on trade costs and firm exports. According to the new “new trade theory” where trading firms are heterogeneous, only a few firms can export, while others cannot. The main tenet of the new “new trade theory” is that differences in export participation among firms can be explained by a combination of (1) fixed (sunk) costs of exporting and (2) heterogeneity in the firm characteristics (in terms of size or costs). The goal of the study is to analyze the behavior of firms in international trade while putting “firm heterogeneity” - …

ผลกระทบของมลพิษทางอากาศต่อการเดินทางของนักท่องเที่ยว: หลักฐานจากกลุ่มประเทศสมาชิกองค์กรการท่องเที่ยวโลกแห่งสหประชาชาติ (Unwto), พิชามญชุ์ เกื้อกิจ

Chulalongkorn University Theses and Dissertations (Chula ETD)

สถานการณ์มลภาวะทางอากาศ (Air Pollution) ที่เพิ่มขึ้นในปัจจุบันสร้างความกังวลให้กับผู้คนทั่วโลก โดยเฉพาะอุตสาหกรรมการท่องเที่ยว เนื่องจากปัญหามลภาวะทางอากาศที่เกิดขึ้นอยู่นี้ส่งผลต่อการตัดสินใจของนักท่องเที่ยวที่ต้องการเดินทางเข้ามายังประเทศปลายทาง จึงเกิดความตระหนักถึงผลกระทบที่อุตสาหกรรมการท่องเที่ยวได้รับจากปัญหามลภาวะทางอากาศที่เพิ่มขึ้น การศึกษานี้มีสองวัตถุประสงค์คือ เพื่อศึกษาความสัมพันธ์และผลกระทบของมลภาวะทางอากาศต่อจำนวนนักท่องเที่ยวที่เดินทางเข้ามาภายในกลุ่มประเทศสมาชิก UNWTO และเพื่อศึกษาปัจจัยที่มีผลต่อการเดินทางของนักท่องเที่ยวต่างชาติอย่างมีนัยสำคัญทางสถิติ การศึกษานี้ใช้ข้อมูลทุติยภูมิแบบแผง (Panel Data) ระหว่างปี ค.ศ. 1995 ถึงปี ค.ศ. 2019 และใช้ข้อมูลรายประเทศสมาชิกองค์กรการท่องเที่ยวโลกแห่งสหประชาชาติ (UNWTO) ทั้งหมด 160 ประเทศ ผ่านการวิเคราะห์ด้วยแบบจำลอง Panel Data Regression โดยใช้สมการถดถอยด้วยวิธีการกำลังสองน้อยที่สุดแบบ Fixed Effects ผลการศึกษาพบว่า ก๊าซคาร์บอนไดออกไซด์มีความสัมพันธ์เชิงบวกต่อจำนวนนักท่องเที่ยวต่างชาติที่เดินทางเข้ามาในประเทศสมาชิก UNWTO โดยเฉพาะประเทศที่อยู่ในกลุ่มประเทศพัฒนาแล้วและกลุ่มประเทศกำลังพัฒนา ขณะที่ค่าเฉลี่ยความเข้มข้นของฝุ่นละออง PM2.5 ส่งผลให้นักท่องเที่ยวต่างชาติเดินทางเข้ามาในประเทศสมาชิก UNWTO ลดลงอย่างมีนัยสำคัญทางสถิติโดยเฉพาะประเทศที่อยู่ในกลุ่มประเทศพัฒนาแล้ว นอกจากนี้ยังพบว่าผลิตภัณฑ์มวลรวมภายในประเทศเฉลี่ยต่อหัวประชากรดึงดูดนักท่องเที่ยวต่างชาติอย่างชัดเจนในกลุ่มประเทศกำลังพัฒนาและกลุ่มประเทศพัฒนาน้อยที่สุด จำนวนประชากรมีความสัมพันธ์เป็นบวกอย่างแข็งแกร่งต่อจำนวนนักท่องเที่ยวต่างชาติที่เดินทางเข้ามาในทั้ง 3 กลุ่มระดับการพัฒนา สัดส่วนพื้นที่ป่าไม้ดึงดูดนักท่องเที่ยวต่างชาติเข้ามายังประเทศปลายทางอย่างมีนัยสำคัญทางสถิติ อีกทั้งประเทศที่ปกครองด้วยระบอบอัตตาธิปไตยแบบเลือกตั้งดึงดูดนักท่องเที่ยวต่างชาติ โดยเฉพาะกลุ่มประเทศพัฒนาน้อยที่สุดแต่มีความสัมพันธ์เชิงลบอย่างชัดเจนในกลุ่มประเทศพัฒนาแล้ว ในขณะที่ประเทศที่ปกครองด้วยระบอบประชาธิปไตยแบบเลือกตั้งดึงดูดนักท่องเที่ยวต่างชาติแต่ไม่มีความสัมพันธ์อย่างชัดเจนในกลุ่มระดับการพัฒนาใดเลย ในส่วนประเทศที่ปกครองด้วยระบอบประชาธิปไตยแบบเสรีนิยมพบว่ามีความสัมพันธ์ในเชิงลบอย่างชัดเจนในกลุ่มประเทศพัฒนาน้อยที่สุดเท่านั้น

ผลกระทบของมาตรการผ่อนคลายเชิงปริมาณต่อตลาดการเงิน: กรณีศึกษาประเทศพัฒนาแล้วและประเทศกำลังพัฒนา, กมลภพ จันทร์กระมล

Chulalongkorn University Theses and Dissertations (Chula ETD)

วิกฤตโรคโควิด 2019 ส่งผลร้ายแรงอย่างมากต่อระบบเศรษฐกิจ ทำให้ธนาคารกลาง 21 แห่ง ต้องประกาศใช้มาตรการผ่อนคลายเชิงปริมาณ (Quantitative Easing: QE) โดยมาตรการ QE ในครั้งนี้ถือได้ว่าเป็นมาตรการ QE หลังที่ใหญ่ที่สุดในประวัติศาสตร์ งานวิจัยศึกษาผลกระทบของมาตการ QE ต่อตลาดการเงินระหว่างประเทศพัฒนาแล้วและประเทศกำลังพัฒนาด้วย 1) Event study ซึ่งวิเคราะห์การตอบสนองของตลาดการเงินในระยะสั้น 2) แบบจำลอง Global Vector Autoregression (GVAR) เป็นการศึกษาการตอบสนองของตลาดการเงินในระยะยาว ผลการศึกษาด้วยวิธี Event study พบว่า การตอบสนองของตลาดการเงินต่อมาตรการ QE ภาพรวมของประเทศกำลังพัฒนามีการตอบสนองมากกว่าประเทศพัฒนาแล้ว โดยเฉพาะอย่างยิ่ง อัตราดอกเบี้ยระยะสั้นและระยะยาวมีการเปลี่ยนแปลงลดลงในประเทศกำลังพัฒนามากกว่าประเทศพัฒนาแล้ว ในขณะที่ อัตราแลกเปลี่ยนของประเทศกำลังพัฒนาปรับตัวอ่อนค่าเมื่อเทียบกับดอลลาร์สหรัฐอเมริกามากกว่าประเทศพัฒนาแล้ว และแนวโน้มของการปรับตัวของดัชนีตลาดตราสารทุนของประเทศกำลังพัฒนาปรับเพิ่มขึ้น ส่วนการศึกษาการตอบสนองของตลาดการเงินในระยะยาวต่อมาตรการ QE ด้วยแบบจำลอง GVAR พบว่า ผลของมาตรการ QE ของประเทศพัฒนาแล้วสามารถส่งผ่านไปยังประเทศอื่น ๆ ได้อย่างมีนัยสำคัญ ในขณะที่การส่งผ่านไปยังต่างประเทศของประเทศกำลังพัฒนามีอยู่อย่างจำกัด อัตราผลตอบแทนพันธบัตรรัฐบาลระยะยาวที่แท้จริงทั้งสองกลุ่มประเทศมีแนวโน้มลดลงในระยะยาว อัตราแลกเปลี่ยนที่แท้จริงปรับตัวอ่อนค่าลงเมื่อเทียบกับดอลลาร์สหรัฐอเมริกา ราคาดัชนีที่แท้จริงในตลาดตราสารทุน ราคาทองคำ และราคาบิทคอยน์ ปรับตัวเพิ่มขึ้นเฉพาะประเทศพัฒนาแล้ว ในภาพรวมพบว่า มาตรการ QE ของประเทศกำลังพัฒนาส่งผลต่อตลาดการเงินในระยะสั้นที่รุนแรง แต่ผลกระทบระยะยาวมีอยู่อย่างจำกัด ส่วนประเทศพัฒนาแล้ว มาตรการ QE ตอบสนองได้ดีกว่าประเทศกำลังพัฒนาในระยะยาว

An Empirical Study Of Interactivity And Companionship Influencing The Reward Of Game Streamers In Douyu, Mu Zhou

Chulalongkorn University Theses and Dissertations (Chula ETD)

The 'streamer' is a new freelancer in the online gaming industry. In this paper, we obtained data for 46 game streamers on Douyu platform and using panel data two-way FE regression we found that: (1) streamers who have more companionship to viewers earned more reward income; (2) the more bullets they got, the more reward income they earned. Especially for head streamers, the ability to get bullets has a positive impact on earning reward income than that of non-head streamers. The results of the study provide more empirical support for the impact of streamer decision-making and rewarding behavior, and provide …

The Effect Of Chinese Foreign Direct Investment On Economic Growth In Belt And Road Initiative Countries, Rui Tang

Chulalongkorn University Theses and Dissertations (Chula ETD)

This study aims to analyze the effect of Chinese foreign direct investment (FDI) and economic growth in Belt and Road Initiative (BRI) countries, taking into consideration the interaction effect of human capital and the mediating role of transport infrastructure. The findings, which use fixed effect models on data from 110 BRI countries from 2003 to 2020, provide evidence that Chinese FDI has a significant positive effect on BRI countries’ economic growth. In terms of human capital, countries with relatively low level of education do not gain additional benefits from FDI-human capital interaction. Furthermore, the indirect effect of Chinese FDI on …

Strategic Analysis On The Development Of Chinese Fruit Trade, Zijie Zhao

Chulalongkorn University Theses and Dissertations (Chula ETD)

China is one of the major players of fruit trade in the world, and the advancement of ‘the Belt and Road’ initiative and implement of RCEP provides new impetus for the sustainable growth of bilateral fruit trade. Based on an analysis of the culture background China, fruit production in China, overview of fruit industry in China and current status of fruit trade China, this study utilizes SWOT and PEST analysis to comprehensively investigate the competitiveness and growth potential of China fruit trade.

Business Strategy Analysis Case Study : Ngk Insulators Company, Phatsumon Chernsiri

Chulalongkorn University Theses and Dissertations (Chula ETD)

The global economic landscape is undergoing a significant transformation, driven by several key factors. One of the most prominent trends is the surging demand for electric vehicles (EVs), fueled by rising oil prices and heightened environmental concerns. This shift poses significant challenges for companies reliant on combustion vehicles and their parts, as they face declining sales and potential market stagnation. To navigate this evolving landscape and ensure their continued success, companies must proactively restructure their business structure and implement effective business management strategies. NGK Insulators has emerged as a case study in successful adaptation, demonstrating consistent sales growth amidst a …

The Factors Of Influencing Strategic Decision-Making And Enhancing Performance For Smes In China's Cultural And Creative Industry, Shuyu Xu

Chulalongkorn University Theses and Dissertations (Chula ETD)

This paper explores the influencing factors in the strategic decision-making process of small and medium-sized enterprises in China's cultural and creative industry through market-oriented theory and resource-based perspectives and analyzes how to help small and medium-sized enterprises in the cultural and creative industry improve their strategic decision-making effectiveness from four aspects: customer orientation, market agility, perception and learning ability. Specifically, this paper interviews managers or owners of six small and medium-sized enterprises in Xi'an, Shaanxi Province, China. After interview analysis, the above four points have a positive impact on improving the effectiveness of strategic decision-making of small and medium-sized enterprises …

Female Directors On Boards And Firm Performance: Evidence From Chinese A-Share Listed Firms, Dan Shi

Chulalongkorn University Theses and Dissertations (Chula ETD)

Globally, despite the rising proportion of women in the workplace, they remain underrepresented in senior management positions, such as boards. Since there is no mandatory gender quota policy in China, the proportion of female directors is much lower than in countries such as those in Europe. In this context, this study aims to evaluate the relationship between the presence, proportion, and number of female directors in Chinese A-share listed companies and corporate financial performance. This paper summarizes the literature on female directors and company value, using principal-agent theory, stakeholder theory, symbolism theory, and non-competitive discrimination theory as the theoretical basis. …

Determinants Of Vitamin And Mineral Supplement Purchases Among Generation Z, Phakorn Sirisathaworn

Chulalongkorn University Theses and Dissertations (Chula ETD)

This study investigates the determinants of Vitamin and Mineral Supplement Purchases among Generation Z, focusing on age and income as key factors. A sample of 385 respondents aged 16-27 completed an 18-question survey, categorized by income levels (< 20,000 THB, 20,000 - 40,000 THB, 40,000 - 60,000 THB, 60,000 - 80,000 THB, and above 80,000 THB) for comprehensive analysis. Younger respondents, particularly those aged 16-18, predominantly belong to lower income brackets, reflecting early career or student statuses. Income levels increase with age, peaking among 25-27 year-olds, indicating greater economic capability. Consumption patterns closely align with income, where higher income groups exhibit higher supplement usage. Primary barriers for lower income groups include safety concerns and affordability, while motivations across all income brackets center on health improvement and immune support. Economic disparities influence purchasing behaviors, with lower income groups buying smaller quantities more frequently and higher income groups opting for bulk purchases less often. Preferences for organic ingredients and trusted brands are notable among higher income segments. The study underscores the economic sensitivity of lower income consumers to price changes and the resilience of higher income groups to economic fluctuations. These findings emphasize the role of income in shaping supplement consumption behaviors and suggest implications for targeted marketing and public health initiatives aimed at Generation Z.

The Samuels-Buchanan Correspondence And The Lost Opportunity For A Positive Public Choice Scholarship, Luke Petach

Funded Scholarship

This article revisits the debate between James Buchanan and Warren Samuels over Miller v. Schoene (1928). The initial court case—concerning the rights of government in the face of conflicting private interests—and subsequent debate between Buchanan and Samuels have important implications for the interrelations between legal and economic processes, the difference between a normative and positive theory of public choice, and the nature of public choice more generally. In published papers and private correspondence, the writings of Samuels reveal an alternative conception of public choice theory as a positive endeavor divorced from the free market normative implications of Buchanan’s work. Application …

Impact Of Covid-19 Relief Packages On U.S. Household Food Security And Food Expenditure, Bridget Yeboah Bafowaa

Electronic Theses and Dissertations

The COVID-19 pandemic led to changes in consumer shopping habits, including food expenditures. The pandemic induced changes in food expenditure patterns, food accessibility, and declining household income contributed to increased food insecurity during the pandemic. The objective of this study is to examine the impact of COVID-19- related relief packages on food security and food expenditures. The effect of Economic Impact Payments, P-EBT, SNAP, and free food will be considered. Using data from the Household Pulse Survey (HPS), a total sample of 1,899,929 households were analyzed in this study. The HPS is a nationally representative survey structured to produce data …

The Impact Of Cluster Strength On Wages: An Empirical Analysis, Devan Schaefer

Electronic Theses and Dissertations

In this thesis, I examine the relationship between clusters (i.e., the grouping of competitive, interconnected industries within a geographical area) and wages, building upon the work of Marshall (1890) and Porter (2003) on the importance of clusters for regional economic development. I seek to answer two research questions. First, after accounting for robustness tests, do clusters continue to affect wages positively? Second, is labor force productivity the only channel through which this relationship occurs? In my analysis, I employ ordinary least squares, two-stage least squares, and fixed effects regression analyses using panel data from 2009 to 2014 for every U.S. …

U.S.-China Economic Links And Technological Decoupling, Kevin Zhang

Faculty Publications – Economics

The US has been waging an economic decoupling from China, in which national security concerns replace economic logic and loss-loss game replaces win-win gains from globalization. The decoupling is generating profound ramifications for the world as well as the US and China. The article explores the following questions: what drives the US government to implement the decoupling? what rationales for technology separation as the core of the decoupling? and what are possible outcomes of the decoupling in the short run and long run? It argues that (a) the decoupling was motivated mainly by national security and geopolitical concerns that China’s …

Esg Scores As A Measure Of Risk: The Relationship Between Environmental, Social, And Corporate Governance Ratings And The Financial Performance Of U.S. Oil And Gas Companies, Lauren Kim

Scripps Senior Theses

This study investigates the association between ESG (environmental, social, corporate governance) scores on the financial performance of U.S. oil and gas companies, an industry facing significant ESG-related pressures. ESG scores evaluate a firm’s environmental impacts, social responsibility, and corporate governance practices and can be used as a form of evaluating a firm’s risk mitigation efforts. However, there is not sufficient evidence to conclude that there exists a relationship, positive or negative, between ESG scores and firm performance in this industry. Overall, the findings of this study highlight the growing interest in ESG investing and is useful for investors and firms …

Decentralizability Of Efficient Allocations With Heterogenous Forecasts, Shurojit Chatterji, Atsushi Kajii

Research Collection School Of Economics

Do price forecasts of rational economic agents need to coincide in perfectly competitive complete markets? To address this question, we define an efficient temporary equilibrium (ETE) within the framework of a two period economy. Although an ETE allocation is intertemporally efficient and is obtained by perfect competition, it can arise without the agents forecasts being completely coordinated on a perfect foresight price. Nevertheless, it entails price forecasts delicately related with each other: we show that regardless of the number of agents, there is a one dimensional set of such Pareto efficient allocations for generic endowments.