Digital Commons Network^™

The Value Of A Water View: Variability Over 25 Years In A Coastal Housing Market, Julia L. Hansen, Earl D. Benson

The Coastal Business Journal

Given a relatively inelastic supply of locations with coastal water views, the price of a water view is likely to rise during housing market upturns and fall during downturns. Using 25 years of data and more than 20,000 home sales for Bellingham, Washington, this study uses the hedonic methodology to estimate water view premiums over different phases of the housing cycle. Views are differentiated both by scope and by distance from the water. Results show real dollar premiums associated with water views move with the housing cycle, rising when housing demand and overall market prices increase and falling when the …

What Next For Chaos Theory? From Metaphor To Phase Space, William "Rick" Crandall, Richard E. Crandall, John A. Parnell

The Coastal Business Journal

In the management and social sciences literature, chaos theory has been used primarily as a metaphor to understand organizational phenomena. Using metaphors to understand organizations is a novel idea that has gained much acceptance, thanks to the pioneering work of Morgan (1986). However, chaos theory's value as a metaphor has been overused and offers little that cannot already be explained using existing theories and frameworks. Because chaos theory is a mathematical theory, we believe its mathematical principles offer the greatest application to the management literature. In this paper, we offer the use of phase space, a tool of chaos theory, …

A Study Of Conflict In Top Management Decision Making: The Impact Of Contribution Motive, Thomas A. Clerkin, Kevin J. Jones

The Coastal Business Journal

Decisions made by top management teams and the setting of goals for the organization are of critical importance. It seems likely the process is one that could be subject to conflict. This paper looks at conflict's impact on firm behavior and a new approach for understanding conflict. The paper examines a study done by Amason and Sapienza, which tests a model that looks at the effects of two types of conflict and how the moderating variables they propose can impact the quality of decision-making. The article proposes a model that identifies an additional construct that, when added to their model, …

The Impact Of Organizational Efficacy And Flexibility On Small Business Performance, William C. Mcdowell

The Coastal Business Journal

The current study examines the role of organizational efficacy and supplier flexibility in regards to the business performance of small and medium-sized firms. It was anticipated that both organizational efficacy and supplier flexibility would have positive relationships with performance for small and medium-sized businesses. Results supported these hypotheses and indicate the importance of firms developing the ability to respond to changing demands of the buyer in the areas of delivery, volume, and modification as well as developing the belief that the organization has the capabilities, judgment, and confidence necessary to perform successfully.

Ethics Instruction And Cultural Differences In An Mba Management Accounting Course, William J. Wilhelm, Alan B. Czyzewski

The Coastal Business Journal

This article discusses a study designed to yield improvements in student moral reasoning when specific instructional strategies and materials for teaching ethical decision making were utilized in a non-ethics MBA management accounting course taught by an instructor who was not formally trained in business ethics. The study reported in this article was conducted in a graduate management accounting course with domestic and foreign students. The specific intervention strategies and instructional materials utilized were developed through several iterations of developmental research that were carried out over a four-year period at a mid-sized Midwestern university. The measurement of moral reasoning used in …

Importance-Performance Analysis Of Relocation Attributes In The Coastal Carolina Region, Bomi Kang, Kimberly Warne, Kay Keels

The Coastal Business Journal

Domestic migration to the Carolina coastal region has increased dramatically between 2005 and 2009. This influx has spurred substantial increases in the demand for housing, support services, employment and infrastructure. The continued increase in such services is dependent upon on-going financial support which, in turn, is contingent upon the stability and/or continued growth of the population in this region. This study identifies the social and economic factors considered to be important by these in-migrants as well as their perceptions of how well these factors perform. In addition, the study addresses the relationship between community attachment and individual migration intent. The …

The Oil Industry's Stock Price Responses To Events Surrounding The Deepwater Horizon Explosion, Kenneth J. Hunsader, Victoria Javine, Ross N. Dickens

The Coastal Business Journal

The Deepwater Horizon explosion had considerable environmental, economic, and regulatory impacts. We examine oil companies' cumulative abnormal returns related to the date of the rig explosion, as well as announcements regarding insurance liability, insurance premiums for offshore drilling, and deepwater drilling moratorium events. We find no statistically significant stock response to the rig explosion itself – mostly likely given the incompleteness of information at the spill's beginning. We do find firms directly involved with the Deepwater Horizon show negative responses to the moratorium on drilling in the Gulf of Mexico along with evidence that firms emphasizing drilling and service to …

Bridging The Gap: Client Based Projects And Academic Applications In The Advertising Curriculum, Tim B. Chandler, John N. Davis

The Coastal Business Journal

Calls for improvements in the teaching of business administration are ubiquitous. The history of advertising education is reviewed. An interdisciplinary approach combining marketing, advertising, and art, the National Student Advertising Competition is described and recommended to business educators as an improved teaching approach.

Where Will The Jobs Come From? Signs Of Life From The Cemetery!, Louis J. Pantuosco, Laura Ullrich

The Coastal Business Journal

The US economy has a history of slow adjustment in the labor market. The question on the minds of many constituents is "where will the jobs come from?" In this paper we discuss the societal options for new employment in the United States and, in particular, South Carolina. We conclude that SC's manufacturing sector is in an ideal position to recapture some of the ground it has lost over the past decade. It is important to note, however, that the actions of the SC legislators will determine the fate of the recovery as well as the sustainability of future manufacturing …

Performance Appraisal Comments: The Practitioner's Dilemma, Treena G. Finney

The Coastal Business Journal

Employees often pay more attention to written comments than to numerical ratings they receive during their performance appraisal process. However, these comments, while desired by many employees, may actually hurt employee performance. Despite extensive research on performance appraisal ratings, practitioners have little guidance for managing an appraisal process such that comments are used in productive ways. This article addresses this gap. In particular, this article identifies how comments are used, when comments harm performance, features of comments that make them actionable or useful for improving performance, and recommendations for practitioners for constructively integrating comments into performance appraisal systems.

Pay Equity And Satisfaction: The Effects Of Underpayment And Aspirations With A Review And Implications For Managers, R. Eugene Hughes

The Coastal Business Journal

The highest level of satisfaction is thought to be associated with pay equity, while pay inequity, specifically underpayment, results in lower levels of satisfaction and negative outcomes such as increased absences and turnover. Determining whether an employee's pay is equitable is difficulty for both managers and researchers. This paper will investigate one method of making this determination and whether pay equity is represented by a pay range. Also investigated is whether an equitably paid employee and an underpaid employee differ as to their satisfaction and aspirations for changes in pay. The results of this study should be of interest to …

Developing And Using Rubrics In Quantitative Business Courses, Emma Jane Riddle, Marilyn Smith

The Coastal Business Journal

A rubric is a set of guidelines for assessing student performance. Rubrics have several important uses in the classroom, in program evaluation, and in accreditation review. A process for rubric development and examples of four types of rubrics are given. The best type of rubric for a quantitative task depends on the nature of the task and the reason for using a rubric. The major contribution of this article is a table that helps faculty select a rubric type for quantitative problems and three types of case problems.

A Revised Feedback Model For Task And Self-Regulated Learning, Thomas F. Hawk, Amit J. Shah

The Coastal Business Journal

Feedback plays a central role in a wide range of learning models and theories. When students engage in active learning processes, such as written case analyses and projects, presentations, and discussions, instructors have the opportunity to provide them with constructive developmental feedback on their progress toward achieving course learning goals. Instructors also have the opportunity to give them feedback on the way they learn, or self-regulated learning. This article presents an integrated model of feedback for both course content and self-regulated learning, showing where difficulties occur in the progress toward achieving the learning goals through the feedback.

An Examination Of Minority Students' Perceptions Of Blackboard Pre And Post The Hurricane Katrina, Lillian Y. Fok, Sandra J. Hartman, Susan M. L. Zee

The Coastal Business Journal

In recent years, there has been a rapid increase in use of what we term Web Enhanced Instruction (WEI) by colleges and universities. Recent work by Landry (2003) and Landry et al (2006) has reported the development and an initial examination of a modification of the Davis (1989) Technology Acceptance Model (TAM) to measure students' perceptions of various "elements" of a specific WEI, the Blackboard. In this research, we extend the Landry (2003) and Landry et al (2006) investigation to a minority university located in New Orleans. Our emphasis is upon examining linkages in the TAM for samples pre and …

Economic Calculation And Managerial Decisions: A Misesian Examination Of The Successes And Failures Of Total Quality Management, William Anderson, Amit J. Shah, Thomas Hawk, Jaquelynne Mclellan

The Coastal Business Journal

While the Total Quality Management programs that were extremely popular a decade ago had many successes, there also were a large number of failures. This paper lays out some theoretical reasons for why these failures might have occurred. Our methodology is the application of the theories of the "Austrian" economists, including Ludwig von Mises, F.A. Hayek, and Murray N. Rothbard. We apply both the Austrian theory of the firm, as well as the economic calculation theories that Mises and Hayek developed, in order to explain why some TQM failures might have occurred.

An Empirical Study Of The Relationship Between Consumer And Producer Price Index: A Unit Root Test And Test Of Cointegration, Alireza Dorestani, Lari H. Arjomand

The Coastal Business Journal

Policy makers have been long concerned about finding early indicators of inflation, a continuous rise in aggregate price level measured by the consumer price index (CPI). One of these indicators, which has been a target of many studies and has been supported by the production chain view, is the producer price index (PPI). The production chain view suggests that higher PPI will be passed to consumers through higher prices of finished goods. The purpose of this paper is to investigate the relationship between these two indexes using a unit root test and test of cointegration which are becoming more popular …

Political Apathy And The Youth Vote: A Survey Of Undergraduate Students, Dennis S. Edwards

The Coastal Business Journal

Data from past national elections have illustrated that the 18-24 age group is the most apathetic to the democratic process. This paper surveys a broad percentage of students at a midsize regional university in the southeastern United States. The survey is done in order to measure voter registration and participation, civic awareness, and the students' average political leaning. I observe that while voting-age students are rather apathetic, they performed better than the national 18-24 age group in the presidential election of 2000. Upon surveying a small sample of faculty at the same university, it appears that the positive correlations of …

The Unintended Effects Of Aacsb's 2003 Accreditation Standards, John B. White, William Levernier, Morgan P. Miles

The Coastal Business Journal

The AACSB recently adopted new accreditation guidelines that are less restrictive regarding what constitutes "qualified faculty" for accreditation purposes. The new standards are less restrictive, with less emphasis on a terminal degree and more on faculty being "fully participating." However, the new standard may have a detrimental effect on the quality of collegiate business education. It may also reduce the standing and prestige of business schools within the university community. Finally, it may reduce the value of AACSB accreditation.

The Adoption Of Rfid Technology In The Retail Supply Chain, Michael A. Jones, David C. Wyld, Jeff W. Totten

The Coastal Business Journal

This article examines current developments regarding the adoption of RFID technology in the retail supply chain. An explanation is provided of what Radio Frequency Technology (RFID) is and how it works. The benefits of this technology to retailers are outlined in contrast to Bar Coding. Though the technology offers promise for retailers, it does present a number of concerns, which are outlined. Lastly, the article identifies research needs with regard to the new technology.

A Measure Of The Factors Impacting The Effectiveness And Efficiency Of Ebay In The Supply Chain Of Online Firms, Eugene M. Bland, Robert T. Barrett

The Coastal Business Journal

This research investigates the auction properties that influence eBay's effectiveness (ability to attract bidders) and efficiency (ability to maximize price and profit) as the distribution link of the supply chain. The research extends the literature pioneered by Lucking-Reiley (2000) on eBay auctions. We found that the effectiveness of using eBay is influenced by the item description in the auction heading, the initial price, the timing of the auction and the operating condition of the item, in our case an inexpensive, functional HP 12-C financial calculator. The efficiency of eBay, on the other hand, is influenced by the ability to attract …

Utilization Of Golf Course Facilities By Residents Of Golf Course Communities In Myrtle Beach, Jordan N. Roberts, Darla J. Domke-Damonte

The Coastal Business Journal

The number of golf courses in the Myrtle Beach area is constantly changing. So too, are the number of new residents who decide to buy or build homes or condominiums near these golf courses. This thesis explores the utilization of golf courses by residents of the particular golf course community. Primary research is performed and analyzed concerning four Myrtle Beach area golf course communities. The study shows that primary home ownership, retirement, membership of the golf course, and prestige of the golf course are all positively associated with usage of the golf course. The results of the study may be …

The Effect Of Golf Course Location On Housing Value, Jeffrey J. Pompe, James R. Rinehart

The Coastal Business Journal

Structural and locational characteristics are known to affect housing prices, and numerous studies have explored many of these characteristics. However very little empirical information was available on the effect of golf course location for improved property. Two recent studies find that building on a golf course adds 7 to 8 percent to the value of property. However, we find that for a private development on a barrier island, building a villa or single family home on a golf course does not have any significant impact on price. Specific locational factors may explain this unexpected result.

Human Milk Oligosaccharide Compositions Illustrate Global Variations In Early Nutrition, Anita Vinjamuri, Jasmine C. C. Davis, Sarah M. Totten, Lauren D. Wu, Laura D. Klein, Melanie Martin, Ea Quinn, Brooke Scelza, Alicia Breakey, Michael Gurven, Grazyna Jasienska, Hillard Kaplan, Claudia Valeggia, Katie Hinde, Jennifer T. Smilowitz, Robin M. Bernstein, Angela M. Zivkovic, Michael J. Barratt, Jeffrey I. Gordon, Mark A. Underwood, David A. Mills, J. Bruce German, Carlito B. Lebrilla

ESI Publications

Background

Human milk oligosaccharides (HMOs) are an abundant class of compounds found in human milk and have been linked to the development of the infant, and specifically the brain, immune system, and gut microbiome.

Objectives

Advanced analytical methods were used to obtain relative quantitation of many structures in approximately 2000 samples from over 1000 mothers in urban, semirural, and rural sites across geographically diverse countries.

Methods

LC-MS−based analytical methods were used to profile the compounds with broad structural coverage and quantitative information. The profiles revealed their structural heterogeneity and their potential biological roles. Comparisons of HMO compositions were made between …

Cryptocurrencies Bandwagon…Fad Wave Or Investment Asset? Firm Level Analysis Of Panel Data In Egypt, Yasmine Galal

Theses and Dissertations

The crypto market is growing rapidly and gaining momentum globally. The current study is tackling the impact of the crypto exchanges on the stock market in Egypt. The author consolidated firm level data from DataStream and Cryptocurrency data from CoinDesk to conduct this study over the period 2014-2020. The methodology is based on Fixed Effect and IV-GMM models to study the differential impact across sectors and firm attributes. Our main findings can be highlighted as follows: (a) cryptocurrencies are substitutes to stocks. (b)Two periods are highlighted in the analysis: 2016 post currency devaluation and COVID-19 pandemic, where the adoption was …

Financial Inclusion And Monetary Policy - Investigating The Relationship Between Financial Inclusion And Monetary Policy: The Case Of Egypt, Salma Maher

Theses and Dissertations

In the past decade, financial inclusion has become an issue of increasing importance to developing nations. This is due to its perceived effects on poverty alleviation, sustainable growth and enhancing monetary policy effectiveness. Unfortunately, there is little empirical research on the effects of financial inclusion. The thesis hopes to contribute to the literature by inspecting the relationship between financial utilization indices and monetary policy in Egypt. The thesis utilizes quarterly data on outstanding deposits and loans from 2004 to 2020 as well as a VAR model – supplemented with an ARDL model – to test the aforementioned relationship. The thesis …

Regenerative Tourism Model: Challenges Of Adapting Concepts From Natural Science To Tourism Industry, Asif Hussain, Marie Haley

Journal of Sustainability and Resilience

The study proposes a regenerative tourism model. The application of the natural science ideas of regeneration needs to be clarified before the tourism industry can adopt a regenerative tourism model. Without such clarification, there is a high risk of ‘green washing’ and inappropriate adaption of a regenerative model. The borrowing of natural science to industry and its application in social sciences confuse the essence of the true concept of regeneration. In a regenerative agriculture context restoring a holistic system that mimics nature and includes social and economic spheres contributes to improving the whole system. When a social system aims to …

Sustainable Blueprint: Do Stock Investors Increase Emissions?, Olatunji Abdul Shobande, Lawrence Ogbeifun

Faculty and Student Publications

The lack of agreement on climate policies among stock-market investors has raised signifi-cant concerns about GHG-emission levels, likely reflected in asset pricing. This study uses annual data sourced from the World Bank from 1980 to 2019 to examine whether stock-market investments increase GHG emissions in Organization for Economic Co-operation and Development (OECD) coun-tries. The study employs the panel-standard fixed effects and the Arellano-Bover and Blundell–Bond dynamic methods and shows that stock-investor confidence is critical for emissions reduction in OECD countries. Additionally, the results highlight the potential mechanism through which the stock market can influence emissions in the OECD countries. We …

Nonignorable Missing Data, Single Index Propensity Score And Profile Synthetic Distribution Function, Xuerong Chen, Denis H. Y. Leung, Jing Qin

Research Collection School Of Economics

In missing data problems, missing not at random is difficult to handle since the response probability or propensity score is confounded with the outcome data model in the likelihood. Existing works often assume the propensity score is known up to a finite dimensional parameter. We relax this assumption and consider an unspecified single index model for the propensity score. A pseudo-likelihood based on the complete data is constructed by profiling out a synthetic distribution function that involves the unknown propensity score. The pseudo-likelihood gives asymptotically normal estimates. Simulations show the method compares favorably with existing methods.

Short Selling Etfs, Frank Weikai Li, Qifei Zhu

Research Collection Lee Kong Chian School Of Business

We provide novel evidence that arbitrageurs use exchange-traded funds (ETFs) as an avenue to circumvent short-sale constraints at the stock level. Using a large sample of U.S. equity ETF holdings, we document that shorting activity on ETFs rises with the difficulty of shorting underlying stocks. Stocks heavily shorted via their holding ETFs underperform those that are lightly shorted. The return predictability of ETF shorting is distinct from stock-level shorting measures and is concentrated among stocks that face severe arbitrage constraints. These findings suggest that ETFs allow arbitrageurs to target overpriced stocks that are otherwise difficult to short.

The No-Arbitrage Hypothesis And Inertia In Forward Markets, José Luis Ferreira, Praveen Kujal, Stephen Rassenti

ESI Working Papers

Allaz (1992) showed that the no-arbitrage condition in forward markets is obtained as a feature of the equilibrium if the model allows for strategic behavior on the part of the buyers. He showed that having active buyers is equivalent to passive buyers plus the no-arbitrage hypothesis. We test this experimentally in a forward market by allowing for active buyer’s under exogenously or endogenously determined market closure. We further test an inertia hypothesis that looks at whether past participation in a spot-market results in quantities being limited in the forward market stage. Importantly, the no-arbitrage condition can only be tested with …