Digital Commons Network^™

Determinants And Effects Of Offset Usage Within The California Cap-And-Trade System – A Firm-Level Analysis, Adarsh Srinivasan

CMC Senior Theses

This thesis examines the determinants of the usage of carbon offsets within the California cap-and-trade program for greenhouse gas emissions. It also investigates the relationship between a firm’s investment in offsets and its financials for publicly traded companies. Entity-level data from 2013 to 2020 was used, which was sourced from the California Air Resources Board. Multiple regression analysis was used to investigate factors that correlated with offset usage and whether offset usage correlated with EBITDA. Dummy variables indicating geographic location and economic sector of each entity were used as controls. The analysis found that total covered emissions and privately owned …

Capturing Value In Emerging Markets: A Real Options Perspective On Resilience And Risk, Alexander Castillo

CMC Senior Theses

This paper examines the evaluation of investment opportunities in emerging markets (EMs) through real options analysis, against the backdrop of their unique risk profiles and the recent trend of EMs exhibiting resilience in economic performance. While EMs are associated with high growth rates and infrastructure gaps, they have shown adaptability, particularly in monetary policy responses to inflation. This paper explores the sensitivity of net present value (NPV) and real options (RO) to changes in the capital asset pricing model, adapting the yield spread to capture default risk and local risk-free rates. Utilizing oil benchmark price data, the paper constructs a …

How Does Foreign Born Population Affect Tax Morale And Perceived Immigrant Strain On The Welfare System?, Chase Keir

CMC Senior Theses

The goal of this paper is to assess the effect of foreign born population concentration on tax morale and perceived immigrant strain on the welfare state in Sweden. This paper uses data from the European Values Survey as well as merging data regarding the population makeups of the regions in Sweden the respondent is from. Using multiple OLS regressions over 2 time periods, the significant explanatory variables will be uncovered. I find that foreign born population percentages are not very statistically significant if at all, and the actual explanatory variables with high significance are gender, education level, political skew, and …

Architects Of War: The Economic And Industrial Strategies Of The Third Reich And United States Under Albert Speer And William Knudsen, Spencer David Taylor

CMC Senior Theses

This thesis presents a chronological narrative that delves into the economic and industrial underpinnings of the Second World War, focusing on the contrasting war machines of Germany and the United States. By examining the strategic decisions and outcomes shaped by two central figures, Albert Speer of Germany and William S. Knudsen of the United States, this study highlights how their approaches to war production profoundly influenced the overall trajectory and outcome of the war. Knudsen’s embodiment of the American industrial spirit and Speer’s manipulation of Germany's constrained resources illustrate the crucial roles that economic strategies played alongside military operations. The …

How Do Pay Transparency Laws Impact The Gender Pay Gap In The United States?, Kendall Chapko

CMC Senior Theses

After much progress during the late 1900s, the gender pay gap has hardly closed in the last two decades. As policy makers look for new solutions, many governing bodies have turned to pay transparency laws, which make employee salaries transparent to employees. There have been several international studies on this topic, and almost all found that these laws are very effective in decreasing the pay gap. This research is extremely important, as it suggests that these policies push us further towards equality, and makes gender based discrimination less common in the workplace. In my study, I conduct a difference in …

The Effects Of Spending-Focused Fiscal Policy On Italian Output And Stock Market Performance, Filippo Salvatico

CMC Senior Theses

This paper studies the effects of Italy’s expenditure-focused fiscal policy on (1) economic output, measured with real GDP growth, and (2) stock market performance, measured with FTSE MIB period returns, using ordinary least squares and generalized autoregressive conditional heteroskedasticity models. To the first end, a quarterly (time series) data base of fiscal indicators—Budget Balance, Government Debt, and Government Expenditure—as well as other macroeconomic series is constructed to test their effects on output. To the second end, a monthly (time series) data base of the same indicators, as well as period returns for seven other benchmark stock exchanges across Europe, is …

The Efficacy Of Insider Trading Regulation: An Analysis Of The 1942 Introduction Of Sec Rule 10b-5, Kamila Melikova, Eric Hughson

CMC Senior Theses

Existing research has thoroughly examined the impact of insider trading regulations, finding mixed results regarding the effectiveness of new law introductions. Although this topic has received considerable attention, there is still a notable lack of research on the first regulation of insider trading: the 1942 introduction of Section 10(b), an amendment to the Securities Exchange Act of 1934. This paper uses a newly compiled dataset of earnings announcements from large public companies between 1937 and 1946, combined with event study methodology, to investigate the effectiveness of the very first ban on insider trading. Through the application of t-tests and regression …

Corporate Law As Decolonization, Martin W. Sybblis

Faculty Articles

After centuries of colonial subordination, Black and Brown former colonies are still fighting to achieve the fruits of decolonization. The traditional theory is that former colonies will emerge from the colonial period with the legal mandate and international recognition needed to chart their own futures. But, for those Black and Brown British colonies that achieved political independence, it became clear that, without economic strength to care for their societies, legal separation could not deliver on its promise of freedom from subordination. This Article argues that investments in corporate law innovations by some jurisdictions, such as Bermuda, the British Virgin Islands, …

Human Capital Disclosure & Corporate Governance: The New Evidence, George S. Georgiev

Faculty Articles

This Article explores the evolution of human capital disclosure—firm-supplied information about various workforce-related matters—as a factor in contemporary corporate governance. Regulatory and nonregulatory developments from recent years have upended longstanding practices and generated extensive new evidence. Most notably, the Securities and Exchange Commission (SEC) adopted a human capital management (“HCM”) disclosure mandate in 2020, which, though long overdue, was criticized from the outset for its modest scope and lax design. In the meantime, courts have taken a renewed interest in board of directors’ oversight responsibilities in a number of areas, including HCM, while labor’s power has unexpectedly increased in some …

Japanese Fdi In Thailand’S Machinery Manufacturing Industry: Motivations And Economic Impacts, Zexin Chen

Chulalongkorn University Theses and Dissertations (Chula ETD)

Japan is one of the major sources of foreign direct investment (FDI) in Thailand’s manufacturing sector. Among these investments, the machinery manufacturing industry has attracted significant Japanese capital due to its high technological intensity and strong industrial spillover potential. However, existing studies tend to focus on the overall trends of FDI, lacking in-depth analysis of its sector-specific economic impacts. To fill this gap, this study adopts a mixed-methods approach to examine the motivations and economic effects of Japanese FDI in Thailand’s machinery manufacturing sector. The qualitative analysis, based on Dunning’s OLI framework, identifies the key drivers behind Japanese firms’ investments …

Assessing The Impact Of The Great Recession On The Rust Belt States: A Policy Analysis, Cederick Charles

Senior Honors Theses and Projects

This research examines at the wide-ranging effects of the Great Recession, which struck the Rust Belt states of Illinois, Indiana, Michigan, Missouri, New York, Ohio, Pennsylvania, West Virginia, and Wisconsin between 2007 and 2009. The study uses historical economic data and state-level policy responses from 2005 to 2015, including GDP and unemployment, and examines the various policies implemented to combat this substantial economic slump. These policies include investments in infrastructure, job creation programs, industrial support, and aid for vulnerable populations. Beyond immediate responses, the research takes into account the region's long-term recovery trajectory. By evaluating different policy choices and the …

A Financial Economic Analysis Of Amazon, Rebekah Arcilla

Senior Honors Theses and Projects

This analysis values Amazon (AMZN) as it relates to prospective investors through a financial and economic lens. It provides an investment recommendation using various methodical analyses: Porter 5 Forces Framework, financial statement analysis, economic analysis, and a review of the company. The Porter 5 Forces Framework identifies key forces within Amazon’s industry that could result in negative or positive impact. The financial statement analysis measures the financial health and capability of the company. The economic analysis analyzes the current state of the economy and its effect to Amazon. The review of the company reveals significant risks that create undesirable performance …

Examining The Antecedents Of Return Policy Leniency In Ecommerce, E. Mitchell Church, Richelle Oakley Dasouza, Olajumoke A. Awe

Finance and Economics

As eCommerce has become widespread, the challenge of successfully navigating the returns process has grown perilous. The product returns issue is even more difficult for microenterprises that sell unique or custom products with fewer resources. The authors examined the impact of the antecedents of return policy leniency, specifically economic and social success factors. Using a web crawler over a 24-week period, the authors collected and analyzed data for a sample of 781 shops from Etsy, an eCommerce platform. Results indicate that the well-studied factor of sales, in addition to a new social factor – community dialogue – impacts an Etsy …

A Case Study Analysis Of The Financial Structure Of Boko Haram In Nigeria, John O. Opara

Department of Conflict Resolution Studies Theses and Dissertations

This study examined the various techniques used by Boko Haram (BH) to source funds for its violent activities in Nigeria. The study also examined the reasons why the group maintains support from the locals and others despite the violence the group has caused in Nigeria. A case study qualitative research technique was selected by using Key Informant Interviews (KII) and relevant document review to gather data to address the central questions of why Boko Haram has support, and why it maintains a strong financial structure. Findings of the study revealed that Boko Haram has several sources of funding and support …

The Impact Of E-Commerce On The Us Packaging Industry During The Covid-19 Era: A Case Study Of International Paper, Mark Suwannarat

Chulalongkorn University Theses and Dissertations (Chula ETD)

The COVID-19 pandemic had a significant impact on the packaging industries by speeding up the rise of e-commerce. This study examines the US market and focuses on International Paper Company in order to see how the industry has responded to changes brought about by pandemics. This paper highlights the potential and problems presented by e-commerce, such as labor shortages, growing costs, supply chain disruptions, and sustainability demands, using the SWOT and Porter's Five Forces frameworks. The pandemic highlighted the importance of innovative and flexible packaging solutions. Despite the challenges encountered by International Paper, the e-commerce surge also presents growth potential. …

Consumer Demand For Food Products, Price Surge, And U.S. Public Policy: An Empirical Economic Analysis, Clement Olivier Codjia

Theses and Dissertations--Agricultural Economics

This dissertation, by leveraging advanced econometric modeling approaches and exploiting suitable large datasets, investigates consumer food product demand in a setting of change in regulating policies as well as unforeseen price increases. Three chapters have mainly enabled the dissertation to achieve its research goals, which have been explicitly presented in Chapter 1 along with the background as well as the core problem the studies have elaborated on.

Given that soft drinks stand out as a major cause of obesity and overweight worldwide, whereas the United States is the country most concerned with this problem, experts have agreed that labels and …

Empirical Linkage Between Economic Growth And Political Instability And The Effects Of Inequalities In Africa, Francis Joseph Assenga

CGU Theses & Dissertations

The examination of the relationship between political instability and economic growth is critical in today's global economy, especially in African nations facing multifaceted challenges. Over recent decades, this connection has been a key area of focus for economic scholars, driving significant empirical research. Previous studies, which examined the dynamics of this relationship consistently underscore the profound interconnectedness of economic growth and political stability in the sense that, political instability hampers economic growth, while economic downturns can trigger political unrest and government collapse.

Our study empirically investigates the linkage between economic growth, political instability, and inequality in Africa, analyzing data from …

Mobile Food Displacement And Formalization: A Case Study Of Portland’S Block 216, Marcello Ursic

Pomona Senior Theses

Portland has been on the cutting edge of American mobile food for over fifteen years, becoming a critical darling in the popular and academic press for its role in trailblazing progressive mobile food policy buttressed by broad-based civic engagement. In recent years, Portland’s mobile food landscape has begun shifting as downtown development has picked up post-recession, displacing some of the oldest and most prominent city center food cart pods with others likely to follow. Meanwhile, a new breed of formalized, purpose-built food cart pods has gained ascendancy. Called “food courtyards,” their armored, insulated, and bourgeois character is distinct from traditional …

Association Of Medicaid Expansion With Birth Outcomes: Evidence From A Natural Experiment In Texas, Meryem Saygili, Esra Eren Bayindir

Economics Faculty Publications and Presentations

Background: Empirical evidence on the effects of Medicaid expansion is mixed and highly state-dependent. The objective of this study is to examine the association of Medicaid expansion with preterm birth and low birth weight, which are linked to a higher risk of infant mortality and chronic health conditions throughout life, providing evidence from a non-expansion state, overall and by race/ethnicity.

Methods: We used the newborn patient records obtained from Texas Public Use Data Files from 2010 to 2019 for hospitals in Texarkana, which is located on the border of Texas and Arkansas, with all of the hospitals serving pregnancy and …

The Challenges Of Writing The History Of Localities That Were Under Colonial Rule In The Early Phase Of European Expansion: An Investigation Into Writing The History Of Negombo (Sri Lanka) In The Sixteenth And Early Seventeenth Centuries, Chandra R. De Silva

History Faculty Publications

Local history has been conventionally defined as a chronicle of a limited geographical area. The study of local history can have positive outcomes including reconstructing our ancestor’s everyday lives and providing opportunities for students to develop investigative research skills, develop linkages with locals and to also motivate students to improve their basic skills of reading, writing and critical thinking. Unlike in the West, however, where local historians use old records of their locality, local historians of lands colonized by Westerners have problems finding source material. For example, in Sri Lanka, the Portuguese occupying the southwest lowlands destroyed Buddhist and Hindu …

香港影視業勞工狀況終期研究報告2024, 嶺南大學政策研究院, 嶺南大學文化研究及發展中心, 嶺南大學「青年貧窮與就業」研究團隊, 潘毅, 梁仕池, 楊皓鋮, 蔡美琦, 鄧立賢

CCRD Research Report

推動影視業發展是港府近年的文創政策重心。影視業較為人注目的是黃金年代後票房積弱和創作自由的議題；而銀幕背後，從業員的處境則容易被忽略。本研究報告兼用定量和定質的調查，深入淺出地分析本地投身電影、電視、廣告、網片等影像製作的從業員的勞動條件，探討不合理待遇的成因，並按研究結果提出政策及行業倡議。

本研究以問卷調查了212為從業員的工作狀況，與44名從業員進行深度訪談，得出以下主要發現：

1）影視業以自由工作者為主，他們的僱傭型態零散，普遍沒有明文及完整合約便要開工，並容易面臨拖糧和其他形式的剝削（詳見第5部分）：

• 影視從業員以自由工作者為主，缺乏保障，面對多種危脆性（見p.26）
• 多數從業員開工前不會簽署正規協議（見p.35）
• 業內實際工作協議的完整度，比從業員理想的完整度有很大落差（見p.38）
• 行業零散度高，導致拖糧問題普遍（見p.47）
• 從業員容易面臨壓價和被資方轉移商業風險（見p.53）

2）影視業的生態和文化令從業員面對不公的操作和「行規」亦難以改變。這些因素包括：行業以人脈為重、行內層級文化較強、從業員願意為創作犧牲待遇、行內較缺乏團結及行動意識（詳見第6部分）：

• 從業員極度依賴人脈接觸工作機會。遇到不合理待遇時，顧慮到自己形象和開罪前輩的可能性，很多人都會忍氣吞聲，避免被行家覺得麻煩、小器，導致不獲重用。這無疑是製造了灰色地帶，讓掌握工作機會的人士和單位可以刻薄對待和剝削勞工，而毋須被問責（見p.58）
• 行內論資排輩的文化仍然存在，底層從業員要對前輩服從，表現出「肯捱」、願意「跟師傅學嘢」、甚至「任砌」等特質，難以反駁不合理要求，勞動尊嚴受損（見p.62）
• 從業員對藝術創作抱有熱誠，在商業製作中亦未必完全以金錢衡量自己的付出，因此容易陷入甘願「自我犧牲」的心態，導致被剝削（見p.64）
• 從業員若遇到不公平待遇，普遍不傾向團結行家一起尋求改變。主流的做法是在個人網絡傳播、私下聯絡對方追討、或放棄追究。多名受訪者歡迎行內發展出爭取權益導向的工會，惟他們認為現時並未有足夠條件推動（見p.65）

3）影視製作市道不佳，令製作預算壓縮，令長工時、職安意識不足問題亦更難有資源應對（詳見第7部分）：

• 拍攝現場有不少職安隱患，頗多從業員曾經歷或目睹工傷發生。從業員工時長、經常在疲勞狀態下工作；拍攝節奏趕急；現場未必有專業人員把關安全，僅靠經驗判斷安危等，都是造成職安隱患的原因（見p.77）
• 從業員連續多日超時工作的情況非常嚴重。受訪從業員認為行內有必要對作息時間有合理的規範，不應犧牲從業員健康（見p.74）
• 從業員認同需要專人負責監察片場安全，但對於如何實行並無共識（見p.81）
• 從業員普遍認為政府對行業的支援資源不足、不到位，應邁向更開放、不以商業效益為主要考量的方向改善（見p.84）

基於研究結果，我們對香港影視行業及政府提出以下倡議（詳見第8部分）：

保障自由工作者基本待遇（見p.87）

• 業界引入標準合約，推廣開工前先簽訂完整協議的文化
• 政府透過資助影像製作項目，推廣勞工友善措施
• 業界規範工時，減低超時、高強度工作的情況

改善工作條件及職業安全（見p.89）

• 業界和政府合作，設定適用於影視製作的職安課程、認證系統、作業指引
• 政府改善職安執法
• 從業員自我組織，維護及推動權益

支援業界發展（見p.92）

• 政府改善資助制度，支援各規模、多元創作
• 增加畢業生支援，輔助院校新晉人才與業界接軌

Armed Conflict And Household Water Sources, George Naufal, Michael A. Malcolm, Vidya Diwakar

Economics & Finance Faculty Publications

Access to safe drinking water is among the most important determinants of public health outcomes. We pair household-level data from Iraq together with data on armed conflict and adopt a generalized difference-in-differences approach to study the relationship between household drinking water sources and armed conflict intensity. We find that households located in conflict-affected areas are more likely to use piped water accessed at their homes or bottled water as their primary source of drinking water, but are less likely to use public water sources or tanked water delivered on trucks and carts. We explore the temporal dynamics of these adjustments …

A Competition Between The Economy And The Environment: An Analysis On The Impacts Of The Olympic Games For Host Countries, Phuong-Anh Ha

Undergraduate Research Awards

The Olympic Games have been known as the most celebrated international sporting event. However, the event has also faced countless criticisms regarding its environmental impact and the lack of benefits it brings to the host country’s economy. The paper analyzes the trade-offs between the environmental quality of a country and its economic growth that host countries make when deciding to host the Olympics. Specifically, this research seeks to explore how the Olympic Games influence the Gross Domestic Product (GDP) and carbon emissions of the host countries.

Essays On The Market For Higher Education, Samuel Lawrence Rhoads Glick

Theses and Dissertations--Economics

This dissertation studies the market for higher education and impacts of higher education policy on the market. In the first chapter, I estimate the short-run elasticity of supply of higher education using the rollout of state merit grant programs as plausibly exogenous variation in student demand for in-state higher education. I find that public and private not-for-profit four-year institutions have elastic supply responses to these programs. Public institutions have an estimated elasticity of 2.1 and private institutions have an estimated elasticity of 1.34. I estimate the causal effects of marginally qualifying for and receiving the federal Pell Grant and the …

Evaluating The Early Impacts Of The Snap Online Purchasing Pilot, Kyle Jones

Theses and Dissertations--Economics

This dissertation consists of three chapters that evaluate how a change in the redemption of Supplemental Nutrition Assistance Program benefits impacted grocery purchasing behavior and food consumption to provide some of the first estimates of the impacts from the pilot. The SNAP Online Purchasing Pilot (OPP) allowed recipients to use their benefits online for participating retailers which was initially planned for 8 participating pilot states with a few participating retailers but massively expanded during the COVID-19 pandemic. The first two chapters evaluate how the SNAP OPP impacts grocery purchasing behavior with the first chapter evaluating before the COVID-19 pandemic and …

Essays On Impacts Of Natural Disasters, Fang-Yu Yeh

Theses and Dissertations--Economics

This dissertation consists of three chapters that study how natural disasters affect households and individuals. The first chapter examines how Kentucky’s housing market responds to changes in flood risk information. The second chapter looks at disproportionate drinking water non-compliance post-disaster. The third chapter studies the effect of flooding events and the national school meals program in Kentucky on education outcomes.

The first chapter examines Kentucky’s housing market response to changes in the Federal Emergency Management Agency’s (FEMA) flood maps and how the responses differ depending on whether an area has been flooded recently. I use Zillow’s ZTRAX property transaction data …

State Of The Northwest Arkansas Region 2024 Report, Mervin Jebaraj, Kashfia Kamal

State of the Northwest Arkansas Region Report

The State of the Northwest Arkansas Region Report is an annual publication commissioned by the Northwest Arkansas Council that serves as a tool for evaluating economic performance. In July 2018, the Council created a new blueprint for development, benchmarking Northwest Arkansas against other high-performing regions, including Austin, Texas; Des Moines, Iowa; Madison, Wis.; Durham-Chapel Hill, N.C.; Raleigh, N.C.; and Provo-Orem, Utah. The 2024 report compares Northwest Arkansas with these regions in GDP, employment, unemployment, establishment growth, median household income, average annual wages, poverty, educational attainment, research and development, homeownership costs, commuting time and average domestic airfares.

Pengaruh Persaingan Politik Terhadap Anggaran Kesehatan: Studi Kasus Pada Kabupaten Dan Kota Di Indonesia, Sri Runtiningsih, Akhmad Akbar Susamto

Jurnal Ekonomi dan Pembangunan Indonesia

This study aims to analyze the effect of political competition on health budgets in Indonesia. The analysis was conducted using a fixed-effects panel data regression approach for Indonesia’s regencies and municipalities between 2009 and 2019. To obtain robust results, this study uses three different measures of political competition, namely the Multiparty Margin Index, the Herfindahl-Hirschman Index (HHI), and the Effective Number of Parties (ENP) Index. The estimation results show that only legislative political competition has a significant and consistent negative effect on the health budget, it is similar to the Leviathan Model theory.

Mexico Consensus Economic Forecast, Volume 27, Number 1, Thomas M. Fullerton Jr., Steven L. Fullerton

Border Region Modeling Project

No abstract provided.

Parents, Paths, And Paychecks: Examining Intergenerational Occupational Mobility And Career Choices, Swapnil Landge

Publications and Research

This paper examines the influence of fathers’ and mothers’ occupations on their children’s occupational outcomes, using a self-selection model to analyze intergenerational career mobility. By constructing and analyzing transition matrices, I estimate the extent of positive and negative self-selection for sons and daughters when they follow either their father’s or mother’s occupation. The results reveal distinct patterns for sons and daughters. Sons who follow their father’s occupation tend to avoid negative self-selection, particularly in higher-paying fields such as Professional Occupations and Technicians and Related Support Occupations, where negative self-selection is minimal. Conversely, sons following their mother’s occupation face higher rates …