Digital Commons Network^™

Performance Of High And Low Book-To-Market Stocks With Strong Financial Signals: Evidence In Asia Markets 1991-2002, Choong Seok Joseph Kang, Kuan Yong David Ding

Research Collection Lee Kong Chian School Of Business

Motivated by striking findings in recent US studies on return enhancing role in financial signals, we examine in the context of Asian stock markets if we can improve one- and two-year returns of high and low book-to-market (BTM) portfolios by retaining in the portfolios only the stocks whose current accounting/financial information indicates strong financial performance in the prior year. We find that doing so can substantially improve the future returns of such portfolios in all markets except Malaysia. We also find that a zero-investment winner-loser strategy on high BTM stocks (a strategy of longing the value stocks with strong financial …

Kill A Brand, Keep A Customer, Nirmalya Kumar

Research Collection Lee Kong Chian School Of Business

Kill a Brand, Keep a CustomerMost brands don't make much money. Year after year, businesses generate 80% to 90% of their profits from less than 20% of their brands. Yet most companies tend to ignore loss-making brands, unaware of the hidden costs they incur.That's because executives believe it's easy to erase a brand; they have only to stop investing in it, they assume, and it will die a natural death. But they're wrong. When companies drop brands clumsily, they antagonize loyal customers: Research shows that seven times out of eight, when firms merge two brands, the market share of the …

Modularity And The Product Lifecycle, Peter Cebon, Oscar Hauptman, Chander Shekhar

Research Collection Lee Kong Chian School Of Business

Product lifecycle theory, which underlies theories of technical innovation in economics, strategy, marketing, and operations management, is based implicitly on the assumption that products are integrated wholes. The modularization of products undermines the specific synergies which drive the product lifecycle, and this undermining has impacts spanning from the structure of individual organizations to the structure of economies and the definition of industries.

Nurse Rostering Problems: A Bibliographic Survey, Brenda Cheang, Haibing Li, Andrew Lim, Brian Rodrigues

Research Collection Lee Kong Chian School Of Business

Hospitals need to repeatedly produce duty rosters for its nursing staff. The good scheduling of nurses has impact on the quality of health care, the recruitment of nurses, the development of budgets and other nursing functions. The nurse rostering problem (NRP) has been the subject of much study. This paper presents a brief overview, in the form of a bibliographic survey, of the many models and methodologies available to solve the NRP.

The Performance Implications Of Ownership Driven Governance Reform, Toru Yoshikawa, Phillip H. Phan

Research Collection Lee Kong Chian School Of Business

This paper explores the performance impact of recent changes in foreign shareholdings and boardroom reforms in Japan. Empirical research on the impact of reform on the Japanese corporate governance system could provide useful lessons for their European counterparts who are themselves facing similar pressures to reform. We found that although participation of outside directors in strategic decision-making was associated with positive stock returns, the increase in the ratio of outside directors, the separation of the board members and executive officers, and the reduction of board size were not related to firm performance.

Measurement Of High-Q2 Charged Current Cross Sections In E +P Deep Inelastic Scattering At Hera, S. Chekanov, M. Derrick, D. Krakauer, J. H. Loizides, S. Magill, B. Musgrave, J. Repond, R. Yoshida, Margarita C. K. Mattingly, P. Antonioli, G. Bari, M. Basile, L. Bellagamba, D. Boscherini, A. Bruni, G. Bruni, G. Cara Romeo, L. Cifarelli, F. Cindolo, A. Contin, M. Corradi, S. De Pasquale, P. Giusti, G. Iacobucci, A. Margotti, R. Nania, F. Palmonari, A. Pesci, G. Sartorelli, A. Zichichi, G. Aghuzumtsyan

Faculty Publications

Cross sections for e+p charged current deep inelastic scattering at a centre-of-mass energy of 318 GeV have been determined with an integrated luminosity of 60.9 pb-1 collected with the ZEUS detector at HERA. The differential cross sections dσ/dQ2, dσ/dx and dσ/dy for Q2 > 200 GeV2 are presented. In addition, d2σ/dxdQ2 has been measured in the kinematic range 280 GeV2 < Q2 < 17 000 GeV2 and 0.008 < x < 0.42. The predictions of the Standard Model agree well with the measured cross sections. The mass of the W boson propagator is determined to be MW = 78.9 ± 2.0 (stat.) ± 1.8 (syst.) -1.8+2.0 (PDF) GeV from a fit to dσ/dQ2. The chiral structure of the Standard Model is also investigated in terms of the (1-y)2 dependence of the double-differential cross section. The structure-function F2CC has been extracted by combining the measurements presented here with previous ZEUS results from e-p scattering, extending the measurement obtained in a neutrino-nucleus scattering experiment to a significantly higher Q2 region.

Conflict Between The Public Trust And The Indian Trust Doctrines: Federal Public Land Policy And Native Indians, Rebecca T. Tsosie

Tulsa Law Review

No abstract provided.

Personal Foul: Unnecssary Restriction Of Endorsement And Employment Opportunities For Ncaa Student-Athletes, David Warta

Tulsa Law Review

No abstract provided.

Daily Eastern News: December 01, 2003, Eastern Illinois University

December

No abstract provided.

Everyone A Learner, Everyone A Teacher: Report From The Transition To University Task Force, Rita Kean

University of Nebraska-Lincoln Administration: Reports, Papers, Publications, and Presentations

I. Transition to University Task Force: Purpose and Mission

The Transition to University Task Force was appointed in May 2003 by Senior Vice Chancellor for Academic Affairs Richard Edwards to review and assess the effectiveness of first-year undergraduate orientation programs and courses. This review was to result in a proposed framework or plan for coordinating and supporting these separate programs.

As a foundation for its deliberations the Task Force was instructed to review several recent reports that address the present and future state of the university. These included: A 2020 Vision, the First Year Learning Task Force Report (1999), the …

Beauty As Currency, Joseph Abide

Electronic Theses and Dissertations

This body of work addresses the concept of physical beauty and the attendant value that we as a society place upon it. Beauty shares characteristics with other prized possessions in life. It may be traded for monetary gain, as is the case with professional models. The exchange is not always so obvious. What constitutes beauty is open to many interpretations as to why it is deemed desirable. I have observed physical characteristics which are valued as attractive, change, from one social group to another and within that same society evolve with the passage of time.

Physical beauty differs from other …

Assessing The Relative Informativeness And Permanence Of Pro Forma Earnings And Gaap Operating Earnings, Nilabhra Bhattacharya, Erv Black, Ted Christensen, Chad Larson

Research Collection School Of Accountancy

This study investigates whether market participants perceive pro forma earnings to be more informative and more persistent than GAAP operating income by analyzing a sample of 1,149 actual pro forma press releases. We find that pro forma announcers report frequent GAAP losses and are mostly concentrated in the service and high-tech industries. Our analyses of short-window abnormal returns and revisions in analysts’ one-quarter-ahead earnings forecasts indicate that pro forma earnings are more informative and more permanent than GAAP operating earnings. Our evidence suggests that market participants believe pro forma earnings are more representative of “core earnings” than GAAP operating income.

19 | The Neolithic Site Of Abu Ghosh, Hamoudi Khalaily, Ofer Marder

IAA Reports—Monograph Series of the Israel Antiquities Authority

Excavations at the Neolithic site of Abu Ghosh in the Jerusalem Hills uncovered two periods: the Pre-Pottery Neolithic B (PPNB) and the Pottery Neolithic (PN). This volume documents the results of the excavations of villages of these two consecutive periods, including architecture, lithics, groundstone, pottery, small finds and fauna. The PPNB village comprised domestic structures, courtyards, plaster floors and enclosing fences. Domestic activities took place in the courtyards. The PN village layout is less clear, as it was dug into the earlier remains. The faunal analysis reveals evidence of incipient domestication of wild goats in the PPNB assemblage, and by …

Cwbr Author Interview: Compelling Images Enhance Narrative Histories: Interview With William C. Davis, Colleen H. Fava, Leah Wood Jewett

Civil War Book Review

William C. Davis is the author or editor of more than 40 books on the Civil War and Southern history, as well as numerous documentary screenplays. He has served as historical consultant on various television and film productions. Davis has twice been nominated for the Pulitzer Prize in history and is currently professor of history at the Virginia Polytechnic Institute and State University. His most recent book, The Civil War in Photographs (Carlton 2002), served as the platform for this interview...

Labor And Employment, W. Melvin Haas Iii, William M. Clifton Iii, W. Jonathan Martin Ii

Mercer Law Review

This Article surveys recent developments in the state statutory and common law that affect labor and employment relations of Georgia employers. Accordingly, it surveys published decisions from the Georgia Supreme Court and Georgia Court of Appeals from June 1, 2002 to May 31, 2003. This Article also includes highlights of certain revisions to the Official Code of Georgia Annotated ("O.C.G.A.").

Trial Practice And Procedure, Jason Crawford, Matthew E. Cook, J. Clay Fuller, Michael A. Eddings, Dustin T. Brown

Mercer Law Review

This survey period yielded several decisions of interest and importance to practitioners trying cases and preparing for trial. This Article will analyze the recent judicial developments in the law relating to evidence, insurance, jurors and jury instructions, professional liability, service of process, and damages, as well as other issues of import to the trial practitioner.

Workers' Compensation, H. Michael Bagley, Daniel C. Kniffen, Katherine D. Dixon, Marion H. Martin

Mercer Law Review

No abstract provided.

Are American Schools Facing A Shortage Of Qualified Administrators?, Gregory Hine

Journal of Catholic Education

Anecdotal evidence abounds regarding the shortage of principals to lead schools. Sustained attention to the research on recruitment and retention of principals reveals a fascinating development: Ample numbers of teachers have completed administrative licensure requirements and hold the credentials necessary to assume a principalship; however, few wish to apply for the position.

Improving Economic Literacy: The Role Of Concurrent Enrollment Programs, Donald H. Dutkowsky, Jerry M. Evensky, Gerald S. Edmonds

Economics - All Scholarship

This paper introduces Concurrent Enrollment Programs (CEPs), within the context of Syracuse University Project Advance (PA) Economics, as a way to improve economic literacy. We describe measures implemented to operate PA Economics as a high-quality CEP, as well as the National Alliance of Concurrent Education Partnerships to establish national standards. This study also contains results from administering to high school students taking PA Economics the nationally normed Test of Economic Literacy (TEL). PA students average nearly one percentage point higher than the AP/Honors Economics Group, and score considerably better than AP/Honors Economics in fundamentals and international economics. By cognitive level, …

Library Support For Faculty Research, Margaret A. Leary

Articles

This article, aimed at faculty rather than librarians, explains the genesis, purpose, and present methods by which the University of Michigan Law Library provides research service and document delivery to the law school faculty, and describes the benefits to the entire law school community. I hope to inspire other law schools to develop similar programs.

An Islamic Perspective On Domestic Violence, Azizah Y. Al-Hibri

Law Faculty Publications

In this Article, the author addresses the traditional Islamic view of domestic violence. To understand the Islamic perspective on domestic violence, the author will explore the Islamic view of gender relations, especially within the family. This view is rooted in the Qur'an, which is examined in this Article.

Dynamic Modeling Of Compliant Constant-Force Compression Mechanisms, Cameron Boyle, Larry L. Howell, Spencer P. Magleby, Mark S. Evans

Faculty Publications

A mathematical dynamic model is derived for compliant, constant-force compression-mechanisms, based on the pseudo-rigid-body model simplification of the device. The compliant constant-force compression mechanism (CFCM) is a slider mechanism incorporating large-deflection beams, which outputs near-constant-force across the range of its designed deflection. The equation of motion is successfully calibrated with empirical data from five separate mechanisms, comprising two basic configurations of CFCMs. The dynamic equation is derived from a generalized pseudo-rigid-body model. This allows every configuration to be represented by the same model, so a separate treatment is not required for each configuration. An unexpected dynamic trait of the constant-force …

A New Approach To Modeling Vertical Stiffness In Heel-Toe Distance Runners, Iain Hunter

Faculty Publications

Various models have been used to describe distance running technique. Among these, the mass-spring model is fairly simple to use and apply, but when employed as a model, does not predict vertical force accurately especially when a heel strike is exhibited. The purpose of this article is to demonstrate how the mass-spring model can be modified to provide a simple, yet accurate prediction of ground reaction forces in distance running. Sixteen subjects ran on a force instrumented treadmill. Vertical forces during running at a self-selected pace were collected at 500 Hz. Vertical stiffness was calculated using the conventional mass-spring model …

Using Spreadsheets In Geoscience Education: Survey And Annotated Bibliography Of Articles In The Journal Of Geoscience Education Through 2003, Beth Fratesi, H. L. Vacher

School of Geosciences Faculty and Staff Publications

Thirty-eight papers published in the Journal of Geoscience Education ( JGE) from 1989 through 2003 explicitly use or recommend the use of spreadsheets as part of classroom or field exercises, projects, or entire courses. Many of the papers include the spreadsheets, and some include the equations. The papers demonstrate how spreadsheets allow students to explore a subject through problem-oriented, interactive, and quantitative exercises. We provide an annotated bibliography and classify the 38 JGE papers by spreadsheet use, mathematics skill area, and geologic subdiscipline. Our discussion of five selected articles — abundance of elements in the Earth’s crust; directional properties of …

The Innocence Revolution And Our "Evolving Standards Of Decency" In Death Penalty Jurisprudence, Mark A. Godsey, Thomas Pulley

University of Dayton Law Review

Symposium theme — Evolving Standards of Decency in 2003: Is the Death Penalty on Life Support?

Pedro Casanto’S Nightmares: Lucid Dreaming In Amazonia And The New Age Movement, Fernando Santos-Granero

Tipití: Journal of the Society for the Anthropology of Lowland South America

Taking as a point of departure the recurring nightmares of a Yanesha boy, the author examines the dream theories and practices of Yanesha people of Peruvian Amazonia.  Particular emphasis is placed on the conscious manipulation of actions taking place in nightmares. This practice, common to many indigenous peoples throughout the world, has become known in Western tradition as “lucid dreaming.” The author explores how New Age thinkers and entrepreneurs have adopted this and other connected indigenous dream practices by means of “simulation,” a mode of appropriating the magic of  “Others” that, in the context of globalized neocolonial encounters, appears as …

A Fresh Look At Amazon Indians: Karl Von Den Steinen And Curt Nimuendajú, Giants Of Brazilian Anthropology, John Hemming

Tipití: Journal of the Society for the Anthropology of Lowland South America

This essay examines two German anthropologists who changed the style of Brazilian anthropology.   Karl von den Steinen made first contact with eight peoples of the upper Xingu in the 1880s.  His anthropological observations were accurate and valuable, and he was the first to describe indigenous people as individual human beings.   Curt Nimuendajú also had no formal training, but was on an anthropological or archaeological expedition every year between 1905–1945, produced a prodigious volume of writing, studied shattered tribal remnants as well as newly contacted peoples, and was a pioneer in championing indigenous rights.   Both were seminal figures in the study …

Organizational Factors Contributing To Worker Frustration: The Precursor To Burnout, Cathleen A. Lewandowski

The Journal of Sociology & Social Welfare

This study examined the organizationalf actors that contribute to workers' frustration with their work situation. The sample included 141 service professionals who attended workshops on burnout in 2001. The purpose of the workshops was to increase awareness regarding the organizational factors that could contribute to burnout. Findings indicate that factors most directly affecting clients were predictive of frustration, rather than factors that may indirectly support service quality or factors impacting workers' professional autonomy. A sense of powerlessness and isolation was also predictive of frustration, suggesting that participants viewed workplace problems as a private rather than an organizational concern. To address …

Participants' Perceptions Of The Childcare Subsidy System, Sue Pearlmutter, Elizabeth E. Bartle

The Journal of Sociology & Social Welfare

This paper presents a focus group study of perceptions of cash assistance participants in Cuyahoga County, Ohio and the San Fernando Valley in California regarding childcare subsidy use, choices of care, and perceptions of quality. TANF participants discuss experiences in the subsidy system and indicate needs and preferences for childcare. Advocates, policy makers, and parents recognize the need for suitable childcare so that TANF recipients can go to work. However, discussants' comments demonstrate one result of a changing, but not yet changed, social safety net. The authors explore strategies to address participants' concerns-childcare systems that neither function as promised, nor …

Term Default, Balloon Risk, And Credit Risk In Commercial Mortgages, Charles C. Tu, Mark Eppli

Finance Faculty Research and Publications

Term default and balloon risk play an interactive role in the pricing of credit risk in commercial mortgages. Most commercial mortgage pricing studies assume a borrower's default decision is based solely on the property value; the mortgage valuation model here also incorporates a property income trigger. The model considers both the risk of default during the term of the loan and the risk of loss at maturity (balloon risk). Monte Carlo simulation analyses reveal that pricing models based solely on property value overestimate the probability of term default and the resulting credit risk premium. Adding a property income default trigger …