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Determinants Of Corporate Capital Structure And The Emerging Role Of Intangibles And Innovation: The Case Of Japanese Corporations, Michael Angelo A. Cortez

DLSU Business & Economics Review

This study aims to modernize capital structure determinants in line with changing economic environments by incorporating the function of intangible assets, particularly innovations, into capital structure decisions. Traditional independent variables such as tangibility, firm size, profitability, growth opportunities, and profitability have been thoroughly researched, but the growing importance of intangible assets and innovations in the contemporary economy with advanced technology calls for a reassessment of their impact on capital structures. I examine 95 enterprises listed in the Nikkei over 11 years (2014–2024) using cross-section generalized least squares regression and dynamic panel data estimation. Results show that corporate leverage decisions (debt-to-equity …

Impact Of International Trade Competitiveness On Unemployment And Poverty Reduction In Ecowas Region, Ikubor Ofili Jude, Yahaya U. Isah, Ojih U. Abraham, Mazeli O. Mark, Abdul Y. Mary

DLSU Business & Economics Review

This study investigates the impact of trade competitiveness on unemployment and poverty in the ECOWAS region. The study relied on POLS, FE, and RE techniques to analyze the impact of export value and trade openness on unemployment and poverty in the ECOWAS region from 2001 to 2020. Annual time series data were sourced from World Bank and World Integrated Trade Solution databases. Major findings from this study show that unemployment responds strongly and favorably to export value and trade openness, whereas poverty responds favorably to trade openness. Further investigation revealed that trade regulatory environment is a determinant of unemployment and …

Assessing The Impact Of Shifting To Non- Combusted Alternatives To Reduce The Economic Cost Of Tobacco-Related Illnesses: A Cost Of Illness Approach In The Philippine Case, Christopher James Cabuay

DLSU Business & Economics Review

Smoking continues to be one of the leading causes of death and disability around the world. Recent health studies, however, have reported that these diseases are more likely to be due to the smoke from burning rather than the actual nicotine content. This study uses a cost-of-illness approach in estimating the cost of smoking-related illness in the Philippines and calculating the potential reduction in costs if a significant portion of the adult smoking population switches to the exclusive use of non-combusted alternatives (NCAs), which drastically reduces the risk of contracting smoking-related diseases. This study finds that cost reductions in the …

A Review Of Climate Change And Its Financial Impact On The Transportation Sector, Ray Anthony L. Almonares

DLSU Business & Economics Review

In this paper, I review the existing literature on climate risks—both transition and physical—and their relationship with firm performance, with a specific focus on transportation finance. I find that the broad literature on carbon emissions and firm performance overlooks two critical characteristics of the global transportation sector: its heavy reliance on fossil fuels and the international scope of its operations. As a result, the conclusions drawn from this body of work may not be directly applicable to global transportation companies. Furthermore, I examine existing studies on extreme sea levels and the global maritime transportation sector, noting that these studies have …

A Portrait Of Pawn Shops Loans As A Survival Strategy During Covid-19 Pandemic, Putri Kemala Dewi, Abdillah Ahsan, Krisna Puji Rahmayanti

Jurnal Ekonomi dan Pembangunan Indonesia

This study investigates the impact of the number of financing loans before and after the pandemic and analyzes internal and external factors of PT Pegadaian on Outstanding Loans as the dependent variable by using data from PT Pegadaian during 2018–2020. The statistical method used for this analysis is the Generalized Least Squares (GLS). The result shows that the financing loan by PT Pegadaian has significantly higher during the COVID-19 pandemic, then macroeconomic characteristics, ceteris paribus. In addition, this study found an increase in the need for pawning in society, indicated by the increase in Outstanding Loan (OSL) in PT Pegadaian.

Three Essays On Asset Pricing And Risk Factors, Yuzhou Liu

Graduate Research Theses & Dissertations

This dissertation explores whether alternative economic and financial factors serve as risk factors in asset pricing. It consists of three essays that examine policy uncertainty, macroeconomic expectations, and accounting-based factors in asset pricing models. The first essay studies the shocks in U.S. Economic Policy Uncertainty (EPU) index and its categorical indices. Shocks in monetary policy uncertainty and sovereign debt/currency crisis policy uncertainty significantly price assets and earn significant premiums. The second essay distinguishes expected (ex-ante) and realized (ex-post) macroeconomic factors using a state space model via Kalman filter. Ex-ante economic activity are significantly priced along with ex-post size, ex-post and …

Climate Migration And Urban Survival: Evidence From Chittagong’S Slums, Mohammad Nur Nobi

Graduate Research Theses & Dissertations

This study examines the impact of climate change on rural-to-urban migration in Chittagong, Bangladesh. Based on a primary survey of 400 respondents across 35 slums in the country's second-largest city, the analysis employs two estimation methods: a multinomial logit model to assess the influence of climate-related factors on migration decisions, and a logit model to evaluate the impact of migration on the living conditions of migrants. The results show that individuals involved in ‘agriculture and daily labor’ are most likely to migrate. Compared to the base category (‘Other Reasons’) for migration, the odds ratios for ‘floods’, ‘droughts’, and ‘better job …

Ai Fetishism And Perverse Climate Disavowal: Why Denying Destructiveness Facilitates Our Ecological Collapse, Alexander M. Stoner, Alexander M. Stoner, Anthony J. Knowles

Journal Articles

As ecological crises intensify, scholars and activists increasingly question the sustainability of economic growth. Yet, the dominant growth-oriented paradigm remains foundational to advanced capitalist societies and cannot be altered without significant social disruption. The resulting tension between ecological limits and the imperative for continuous growth generates “climate anxiety.” This article advances the concept of perverse climate disavowal: a mode of climate denial that acknowledges climate threats while maintaining faith in the illusion of infinite economic expansion. This disavowal functions as a psychological defense mechanism, enabling individuals and institutions to avoid confronting structural contradictions. The article examines the increasing use of …

The Impact Of Ambient Air Quality On Asthma Outcomes In California, Abigail Obour

Graduate Student Theses, Dissertations, & Professional Papers

This study investigates the relationship between ambient air quality and asthma-related health outcomes in California, focusing on emergency department visits and hospitalizations from 2005 to 2022. Despite California’s strict air quality standards, individuals still face significant pollution challenges contributing to poor respiratory health, particularly among vulnerable populations. Therefore, this study looks at how fine particulate matter (PM2.5) affects asthma outcomes using panel data from 37 counties. A fixed effects regression model is employed to control for unobserved heterogeneities that are constant over time but vary across individual counties, ensuring robust estimates of the impact of pollution on health outcomes. This …

The Resource Curse And U.S. Timber Harvest In Western Rural Economies, Lucas Paul Koch

Graduate Student Theses, Dissertations, & Professional Papers

There is limited understanding of the relationship between timber harvest and economic outcomes in the western United States. I use resource curse theory to examine the connection. The theory assumes a negative relationship between timber harvest and economic performance at the county level, and similar methods have been used to look at other natural resources and geographic areas. I use timber harvest intensity—the ratio of timber harvest volume to timberland acres—alongside several common economic controls including education, poverty, and competing industry activity to estimate wage and employment performance in a fixed-effects econometric model. Also estimated are least squares dummy variable …

Certificate Of Need Laws' Effect On Provisions Of Uncompensated Care, Connor Anthony Mostek

Graduate Student Theses, Dissertations, & Professional Papers

Certificate of need (CON) laws are regulations that require healthcare facilities to seek permission from a state government board to enter a market or expand/modify their established business. Proponents of CON laws claim that, among other things, CON laws protect hospitals and other healthcare providers from competition, allowing them to charge private or fully insured patients more in order to use the profits to “cross-subsidize” free care for low-income and uninsured patients. By employing an unbalanced panel dataset on hospital cost reports for the years 2012, 2014, 2016, and 2019, this study finds that there is no strong evidence that …

Factors Affecting The Quality Of Life Of Residents In The United States: Lessons From Virginia, Daniel K. Pryce

Sociology & Criminal Justice Faculty Publications

Evaluating community members' views about their quality of life is important for improving quality of well-being in society, as most societies are interested in the collective well-being of the people. Moreover, quality-of-life research helps public officials to understand how well they are meeting the needs of the electorate. Using the theoretical framework of Maslow's Developmental Perspective, which argues that the higher the need satisfaction of the majority in a given society the greater the quality of life of that society, I explore the effects of multiple variables on quality of life in the Hampton Roads region of Southeast Virginia (this …

Working Paper: Zero-Sum Thinking, Meritocratic Beliefs, And Preferences For Basic Income And Universal Healthcare, David Chavanne

Economics Faculty Publications

This study uses survey responses to explore how support for basic income and universal healthcare is linked to zero-sum thinking and meritocratic beliefs. Consistent with earlier work, I find that zero-sum thinking and weaker meritocratic beliefs both lead to greater levels of support for basic income and universal healthcare. Using a path analysis, zero-sum thinking is also found to strengthen support for basic income and universal healthcare along two separate channels -- one via zero-sum thinking’s direct effect on policy support and a second via an indirect effect, whereby zero-sum thinking is attached to weaker beliefs in meritocracy, which in …

Can Financial Inclusion-Based Interventions For Poverty Alleviation Build Sustainable Livelihoods? Voices From Mutual Solidarity Groups (Muso) In Haiti., Meera R. Bhat

Electronic Theses & Dissertations (2024 - present)

Scholars, policymakers, changemakers, and social workers have attempted to define, understand, and eradicate poverty. Its endurance raises the prospect that these efforts may be incomplete or faulty. This thesis will probe this concern by examining poverty and poverty alleviation programs through the lens of a holistic intervention-based framework known as the Sustainable Livelihoods Framework (SLF). The first paper introduces the SLF and uses it to undertake a conceptual analysis comparing demand and supply driven poverty alleviation interventions that are based on financial inclusion. Next it uses the SLF as a methodological tool to compare financial inclusion programs, as operationalized by …

Effect Of Trade Openness On Food Security In Economic Community Of West African States Region, Yahaya Umar Isah, Ikubor, Ofili Jude, Bernard, O. A., Zakari Saheed S., Ayodeji, S.

DLSU Business & Economics Review

This study investigates the impact of trade openness on food security in the ECOWAS trade zone. The study relied on the system GMM approach to analyze the impact of trade openness on overall and disaggregated components of food security in the ECOWAS trade zone during the period 2014 and 2021. Annual time series data were sourced from the Food and Agriculture Organization, World Bank Metadata base, and World Integrated Trade Solution. Major findings from the study reveal that trade openness has a significant positive impact on overall food security indicators. However, trade openness has not significantly impacted food availability and …

Trust During Troubled Times: Evidence From Sierra Leone’S Ebola Epidemic, Colin Cannonier

Funded Scholarship

Existing literature provides evidence that crises can considerably impact public trust. However, research on these dynamics in lower-income and postconflict countries like Sierra Leone is limited. Using nationally representative survey data and district-level Ebola infection data, herein, we examine the relationship between the Ebola epidemic and various measures of government trust. Our analysis, which employs propensity score matching and other techniques, reveals a notable decline in trust among individuals exposed to the outbreak. Our estimates indicate that individual perceptions of trust in government and other government entities decreased by 11.6%– 33.6% following the Ebola epidemic. This relationship is driven by …

Shaping Pakistan's Future, Sdsb 360 Magazine

Faculty Research - Newspaper and Magazine Articles

SDSB 360 is in conversation with Dr. Ishrat Husain, an influential Pakistani banker, economist, and reformer whose leadership has shaped Pakistan’s financial landscape. From steering the State Bank of Pakistan (1999–2006) to driving educational excellence as Dean of IBA Karachi (2008–2016) and championing institutional reforms as Advisor to the Prime Minister (2018–2022), Dr. Husain’s career is a testament to visionary leadership and a relentless pursuit of progress.

Analisis Pengaruh Kualitas Institusi Politik Terhadap Konsentrasi Pm2.5 Di Negara G20, Afif Dhia Pratama, Dwi Rahmayani

Jurnal Ekonomi dan Pembangunan Indonesia

This study aims to analyze the influence of political institutional quality, proxied by democracy, political globalization, and good governance, on PM2.5 concentration in G20 countries as well as prove the Environmental Kuznets Curve (EKC) Hypothesis and Pollution Halo Hypothesis (PHH) from 1998 to 2022. The Autoregressive Distributed Lag (ARDL) method is employed in this analysis. The results show that democracy reduces PM2.5 concentration only in the long run. However, good governance decreases PM2.5 concentration in the short term but increases it in the long run. Political globalization shows no significant influence on PM2.5 concentration. Furthermore, the study also revealed that …

Athletic Trainers' Perspectives On Resources And Preparation Needed For Successful Salary Negotiation, Kimberly R. Detwiler, Cailee E. Welch Bacon, Indigo B. White, Leanne E. Jones, Julie M. Cavallario

Rehabilitation Sciences Faculty Publications

Context

Many athletic trainers (ATs) work under high stress, long hours, and low pay. These conditions often lead ATs and athletic training students to leave the profession. Previous studies show that over half of ATs do not negotiate salary, often because they feel the offer is fair or fear losing the job. Additional support is needed to help ATs prepare for negotiations, as current resources are limited.

Objective

This study explored ATs’ views on the resources need to prepare for salary negotiations during the hiring process.

Design

Consensual qualitative research.

Setting

Individual video interviews.

Patients or Other Participants

Twenty-eight participants …

Sports Facilities, Trails, And Travel Cost: A Non-Market Valuation Case Study Of Parks In Montana, Clemens Walter Wilson

Graduate Student Theses, Dissertations, & Professional Papers

This study applies the travel cost valuation method to urban parks in the State of Montana in an effort to determine whether parks with attributes related to exercise have greater value for recreationalists. By observing real recreation behaviour of urban park visitors through the use of cellphone mobility data, recreational demand for varying parks can be ascertained. To model recreational demand, the random utility model (RUM) and multinomial logit model (MNL) are leveraged to understand choice probabilities of parks, based on the attributes of parks, including sports facilities and trails. This study finds that there are positive and significant relationships …

Essays On Place-Based Policy And Regional Economic Development, Tingting Peng

Electronic Theses & Dissertations (2024 - present)

The first chapter examines the economic impacts of large theme park openings in China from 2000 to 2020 using a newly compiled dataset on county-level theme parks and entrepreneurship. Leveraging the staggered openings of theme parks across various counties, we document three main findings. First, theme park openings lead to a 14% increase in entrepreneurial activities, especially in tourism-related service sectors. This result is robust to the instrumental variable approach, the heterogeneous treatment effect, alternative specification and measurement, and propensity score matching. Second, theme park openings generate spillover effects on neighboring counties within a 50-75 kilometer radius. Third, we identify …

Author Biographical Notes

Midwest Social Sciences Journal

No abstract provided.

Volume 28, Issue 1 Full Contents

Midwest Social Sciences Journal

No abstract provided.

Measuring Income And Income Inequality, Conor Clarke, Wojciech Kopczuk

Scholarship@WashULaw

Income inequality is important, but attempts to measure it arrive at strikingly different conclusions. Why? We use recent disputes over measuring United States income inequality to return to first principles about both the income concept and inequality measurement. We emphasize two broad points. First, no measure of the income distribution is truly comprehensive, or could attempt to be comprehensive without making controversial choices. We document the practical and conceptual problems that the standard ideal—comprehensive Haig-Simons income—raises. Second, much of the controversy in this area turns on the many tradeoffs between starting with individual tax data versus more expansive income concepts. …

The Economics Of Substance Use: Treatment, Intervention, And Regulation, Christine Bretschneider-Fries

Graduate Theses, Dissertations, and Problem Reports (ETD)

Substance use in the United States has remained an area of concern with rates of overdose deaths increasing steadily over the years. Historically, the United States has relied on abstinence based treatment options for individuals with substance use disorder. Economists have long been interested in the affects of various supply and demand side policy interventions to help reduce the instance of substance use disorder, especially following the prescription opioid crisis of the 1990s and early 2000s. Supply side policies are most commonly enacted as a way to reduce the supply of illicit substances that enter the market. However, these supply …

Three Essays On Sustainability Economics, Hélène Flore Nguemgaing

Graduate Theses, Dissertations, and Problem Reports (ETD)

As global economies face increasing resource dependencies and supply chain challenges, it becomes essential to understand the vulnerabilities that threaten economic stability. This dissertation investigates three empirical issues in agribusiness and critical minerals using econometric models to estimate the following: 1) the impact of supply chain disruptions on stock market returns during COVID-19; 2) the extraction of rare earth elements from acid mine drainage treatment by investigating the impacts of ownership and legislation in West Virginia and Pennsylvania; 3) China-to�FOBb (Free-on-Board) price transmission in rare earth elements markets: a copula-based dynamic tail dependence analysis.

The first essay evaluates how events …

Redesigning Home Reversion Products To Empower Retirement For Singapore's Public Flat Owners, Koon Shing Kwong, Jing Rong Goh, Jordan Jie Xin Lee, Ting Lin Collin Chua

Research Collection School Of Economics

This paper introduces an innovative sell-type home reversion product aimed at monetizing Singapore’s public flats, serving as a new alternative to the existing Singapore Lease Buyback Scheme (LBS). This new product not only retains the LBS’s guaranteed period of residence in the property along with life annuity incomes but also enhances the product features to meet specific homeowner needs, including the ability to age in place, flexibility in retaining part of the property, options for bequests, and guaranteed principal return. By incorporating these additional features, the new product seeks to stimulate greater demand for monetizing public flats among asset-rich but …

The Savings Mirage, Sara Sternberg Greene

Faculty Scholarship

In the past, we did not worry much about elderly poverty because retirement was short for most Americans – a brief jaunt of post-work life was soon met with death. But with the 100-year life becoming a reality for more Americans, an elderly poverty crisis looms. The American dream of abundant retirement savings remains elusive for many, particularly low-wage workers. While government initiatives emphasize individual responsibility and financial education as a way toward retirement success, the reality is that governmental policies are barriers, including asset limitations that prevent those who receive public benefits from saving. This chapter urges reform in …

Do Public School Choice Policies Segregate Schools? Dynamic Effects In Michigan, Danielle Sanderson Edwards, Kaitlin P. Anderson

Educational Leadership & Workforce Development Faculty Publications

Interdistrict choice has the potential to exacerbate or alleviate between-district segregation-an increasingly pervasive form of U.S. school segregation-by allowing students to attend schools in districts where they do not reside. Prior research concentrates on the effects of charter schooling on segregation within districts and counties. We used longitudinal enrollment and demographic data from Michigan to examine the impacts of both interdistrict and charter school choice on racial and economic segregation within and between districts in a single setting. We estimated these effects by leveraging between-grade differences in choice use within school systems and years. We confirmed findings from previous research …

Three Essays On Education And Health Economics, Kalvin Mudrow

Graduate Theses, Dissertations, and Problem Reports (ETD)

The first chapter explores the impact of online education on student outcomes by comparing students pre-2020 school closures to students post-2020 school closures. Using student-level panel data from a large U.S. school district spanning 2017-2023 and two outcome variables, reading tests and end-of-level exams, I estimate the effects on different demographic groups, the dynamics of these effects over time, and how these effects differ across students ages. I find a significant decline in student performance after the move to online learning, with additional adverse effects on students who are classified as low-income, female, special education, or ELL. Mechanisms contributing to …