Digital Commons Network^™

Dynamic Linkages Between Trading Volume And Price Movements: Evidence For Small Firm Stocks, Cetin Ciner

The Journal of Entrepreneurial Finance

Recent theoretical and empirical studies suggest that volume conveys useful information to forecast stock price movements. We investigate the information content of volume for the stock indices of small-capitalization firms in the US and France. Information asymmetry problems tend to be more important for small-capitalization firms and it can be argued that the information content of volume should be more significant. We find that volume does indeed forecast returns of the small-capitalization stock indices. We also detect a positive contemporaneous relation between volume and absolute value of returns. The findings are qualitatively the same for data from the US and …

Capital Budgeting And Entrepreneurial Organizations: A Survey Of Hospital Practices, Shih-Jen Kathy Ho, Lilian Chan, Daniel L. Tompkins

The Journal of Entrepreneurial Finance

Efficiency and effectiveness for all entrepreneurial firms requires that limited resources be put to their best use. Thus the acquisition of long-term assets is an important decision for any entrepreneurial firm. For hospitals, which have become entrepreneurial to survive in today’s health care environment, long-term asset investment decisions have become critical to their survival. The objective of this study is to increase health care organizations’ awareness of the important considerations in selecting and monitoring long-term investments. Our findings from a small sample of American hospitals indicate that payback method is the primary criterion for evaluating hospital’s long-term investment projects. Also …

How Do Banks Pick Safer Ventures? A Theory Relating The Importance Of Risk Aversion And Collateral To Interest Margins And Credit Rationing, Andrew E. Burke, Aoife Hanley

The Journal of Entrepreneurial Finance

The paper augments the asymmetric information literature on bank lending to new ventures by focusing on the more neglected area of moral hazard; specifically the relationship between risk aversion, an entrepreneur?s wealth and the provision of collateral. The results highlight some interesting nuances which are not characteristic of the properties of models that have dominated the literature and which mainly focus on the problems of adverse selection. Contrary to models such as Evans and Jovanovic (1989) Blanchflower and Oswald (1998) our model shows that credit rationing does not necessarily have to be negatively related to an entrepreneur?s initial wealth. Our …

Patterns Of Venturing Financing: The Case Of Chinese Entrepreneurs, Jianwen Liao, Harold Welsch, David Pistrui

The Journal of Entrepreneurial Finance

This study examines the sources of venture financing of Chinese entrepreneurs in Wuhan, China. Based on a sample of 222, we found that Chinese entrepreneurs in Wuhan mainly rely on venture financing on their own or parties that are within their close social networks such as parents, relatives and friends. External financing sources are notably missing. We also found that entrepreneurs who use significantly more personal saving in venture financing are older (>37 years), female, with high school education or less, and have longer working experience. Entrepreneurs who are male with college or higher education, and who take time …

Letter From The Editor, Allan Young

The Journal of Entrepreneurial Finance

No abstract provided.

Entrepreneurial Failure And South Africa's Performance In The World Trading Environment, Mitchell Kellman, Trevor Roxo, Yochanan Shachmurove

The Journal of Entrepreneurial Finance

In the past four decades, Sub Sahara Africa has been notable in its relative development-performance failure. There exists a growing literature emphasizing the role of the entrepreneur as an essential element in economic development. We argue that the relatively sluggish growth observed in South Africa may be attributed, at least in part, to entrepreneurial failure. Emerging from its Apartheid era with a concomitant embargo on its trade, South Africa has been actively liberalizing its economy, positioning it for integration into the world trading system since the early 1990s. Following several decades of import-substituting efforts, this signals a clear shift toward …

Does Underwriter Reputation Affect The Performance Of Ipo Issues?, Junbo Wang, Sheen Liu, Chunchi Wu

The Journal of Entrepreneurial Finance

In this paper we examine the relationship between performance of the Chinese IPO firms and the reputation of investment bankers underwriting their stocks. Similar to previous studies on well-developed stock markets, we find that the initial return on the first day of trading is strongly positive for Chinese IPO stocks due to underpricing. This initial return is negatively related to the underwriter's reputation, suggesting that the better the reputation of the underwriter, the less underpricing and hence, the lower the initial return of the IPO stock. Extending the analysis to a ten-day window after the first trading day, we find …

The Effect Of The Issuer-Underwriter Relationship On Ipos: The Case Of An Emerging Market, Bengi Ertuna, Metin Ercan, Vedat Akgiray

The Journal of Entrepreneurial Finance

No abstract provided.

Collective Loans For Bulgaria's Self-Employed: A Field Study Of Social And Financial Capital On Enterprise Growth, Shad Morris

The Journal of Entrepreneurial Finance

The purpose of this paper is to increase understanding of how collective lending strategies leverage social capital to improve firm performance. Drawing on economic and sociological perspectives and fieldwork in Bulgaria, I argue that social capital may enhance the effects of financial capital on firm performance in microenterprises. Findings show that a collective lending strategy facilitates greater firm performance than individual lending--due partially to the increased social capital it creates for the entrepreneur. These findings come from a multi-method field study conducted in Bulgaria, where qualitative data were collected from over 40 business owner interviews. The findings have implications for …

Association Between Credit Rating Changes And High-Tech M&A In Taiwan, Jo-Hui Chen

The Journal of Entrepreneurial Finance

The primary purpose of this study is to examine the impact of high-tech and non-high-tech mergers and acquisitions (M&A) on the credit rating changes in Taiwan. We utilized the ordered probit model with random effect for the empirical works. A variety of econometric tests were conducted using pooled data of 101 firms in Taiwan over the period Sep. 1996 to Dec. 2001. This paper tries to examine whether the financial and strategy factors affect the credit risks. Our results indicate that Insider Ownership and Leverage Ratio are negatively related to credit rating changes, while Return on Equity and High-tech Firm …

Speaking Law To Power: Joan Fitzpatrick, 1950-2003 (Obituary), Jennifer Moore

Faculty Scholarship

Her scholarship embraced the rights of refugees and migrants, legal limits on the waging and methodology of war, due process before international tribunals, and essential restraints on the exercise of state power in self-proclaimed emergencies, including the war on terrorism.

Ecological Encouragement: The Role Of Agricultural Knowledge In Southern Illinois, Natalie Faris

Honors Theses

No abstract provided.

Refiguring Palmares, Richard Price

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

In this methodological/poetical exercise, the author attempts a mind-game in which he reads through the primary and secondary sources on the great seventeenth-century Brazilian quilombo of Palmares, drawing on his knowledge of Maroon societies elsewhere in the Americas, in order to imagine the institutions of that quilombo from their own, rather than outside observers’, perspectives. Using oral testimonies from the descendants of Maroons in Suriname, and comparing them to outsiders’ views of those societies as recorded in archives, he tries to better evoke the cultural institutions that would have existed in Palmares.

Dans cet essai, à la fois méthodolgique et …

Effects Of Habitat Disturbance On The Territorial Response Of The Gray-Breasted Wood-Wren, Henicorhina Leucophrys, December 2003, Blake Audsley

Monteverde Institute: Tropical Ecology and Conservation

Habitat fragmentation and disturbance have become integral aspects of the neotropical landscape, impacting a variety of ecological factors. Here I attempt to quantify the relationship of bird territory size and habitat disturbance by observing the effects of habitat disturbance on avian response to conspecific playback in the Gray-breasted Wood-wren, Henicorhina leucophrys. Mean distance traveled to follow playback increased along a gradient of increasing disturbance (F = 4.435, p-value = .0165, s.d. = 27.256; 47.283; 49.094). Edge habitat birds showed significantly greater response than birds in primary and secondary growth (p-values = 0.0051; 0.0479). Variation in response also differed between habitats. …

Student Satisfaction With Michigan Community College Distance Education Courses, Eugene H. Mckay Iii

Dissertations

Distance education courses offered by community colleges and other higher education institutions are becoming popular options for students who seek a more convenient method to obtain a college education. Community colleges are actively expanding their offerings of distance education courses, both nationally and in Michigan. Yet minimal research has been conducted on a large scale to discover the factors which contribute to satisfaction with distance education courses at community colleges.

This study consists of a cross-sectional survey of over 6000 Michigan community college students in Michigan, who completed a distance education courseduring the fall semester of 2002. Sixteen of Michigan's …

Music And Language Arts A Symbiotic Relationship, Katherine Irwin Thomas

Digitized Theses and Dissertations (prior to 2008)

A Portfolio Submitted to the Graduate Faculty of Kennesaw State University in Fulfillment of the Requirements for the Degree MASTER OF EDUCATION

When Given Strong Wings, Any Child Can Soar, Kelly Evans

Digitized Theses and Dissertations (prior to 2008)

No abstract provided.

Raising The Bar, Jessica A. Edens

Digitized Theses and Dissertations (prior to 2008)

A Portfotio Submitted to the Graduate Faculty of Kennesaw State University in Partial Fulfilment of the Requirements for the Degree

Música, Espacio Escénico Y Estructura Dramática En El Jardín De Falerina De Calderón De La Barca, Alejandra Pacheco Y Costa

Teatro: Revista de Estudios Escénicos / A Journal of Theater Studies

In 1934, Emilio Cotarelo described El Jardín de Falerina as the first theatrical work in which Calderón de la Barca essaied a new gender intended to be performed in Spanish Court, with a greater participatíon of music than any other work until its date, according to historian Cotarelo y Mori. The creation of this comedy was thus the beginning of a new dramatic gender: the zarzuela. During seventy years since Cotarelo's work, his opinion about the gender of El Jardín de Falerina has been worked out by several scholars, and the aim of the present work is to reconsider …

El Manifiesto Teatral De Los Hermanos Machado: ¿1928 Ó 1933?, Manuela Fox

Teatro: Revista de Estudios Escénicos / A Journal of Theater Studies

The Manifiesto teatral by the machado brothers has been preserved ín at least three different versions, which, according to some scholars might have been written either by both brothers or only by Antonio. The author of this article examines the Manifiesto and brings to light several important points of it, underlines several Machados' theatrical principies and emphasizes the modernity of their theatre.

El Manifiesto teatral de los Machado se nos ha conservado en, al menos, tres versiones distintas, atribuidas por los estudiosos a los dos hermanos o a Antonio en particular, la autora examina ese texto y saca a la …

El Cumpleaños De La Abadesa: Una Loa De Alonso Martín Brahones En El Convento De Santa Inés De Sevilla (1671), Carmen Alarcón Román

Teatro: Revista de Estudios Escénicos / A Journal of Theater Studies

The theatre staged in enclosed convents for women in Spanish Golden Age and XVIIIth century was an interesting dramatic practice that still remains almost unknown. Some plays were wntten, performed and directed by nuns themselves, but in other cases a professional poet was usually put in charge of the composition of these specific convent pieces that commemorated the taking of vows by a novice, Christmas Eve, Corpus Christi and other celebrations. One of these plays, which we are analyzed here, is a loa written by Alonso Martin Brahones in 1671 for the convent of Santa Inés of Seville, in honour …

El Público Del Teatro Griego Antiguo, Máximo Brioso Sánchez

Teatro: Revista de Estudios Escénicos / A Journal of Theater Studies

The author deals with several aspects concerning theatre audience in classical Athens, among others its behaviour and influence on the evolution of dramatic genres, as well as its social composition and the view the playwrights had of it.

El autor examina diversos aspectos referidos al público teatral ateniense de la época clásica, entre otros su conducta y su papel en la evolución de los géneros dramáticos, así como la composición social y la visión que de él tenían los dramaturgos.

Reseñas

Teatro: Revista de Estudios Escénicos / A Journal of Theater Studies

No abstract provided.

Prólogo, Ángel Berenguer

Teatro: Revista de Estudios Escénicos / A Journal of Theater Studies

No abstract provided.

Cosme Pérez, Actor Tudelano, Francisco Sáez Raposo

Teatro: Revista de Estudios Escénicos / A Journal of Theater Studies

The author unearths new fundamental data about Cosme Pérez, the most celebrated and famous actor of the 17th century, about his biography - mainly his tudelan origin and his birth certifícate - and his family. This article includes the transcription of such a document, looked for in vain by Cotarelo y Mori, who assumed that Pérez should have been born in Madrid.

El autor aporta nuevos datos fundamentales acerca de la biografía de Cosme Pérez, Juan Rana y de su familia. Pérez fue el actor más famoso y festejado del siglo XVII, protagonista de entremeses escritos especialmente para él. El …

La Propuesta Teatral De Los Teatros De Arte En España, Mar Rebollo Calzada

Teatro: Revista de Estudios Escénicos / A Journal of Theater Studies

The Teatros de arte appear in Spain in the twilights of the 19th century as an offer of artistic renovation against commercial theatre, following the model of Antoine. During the twenties, this model of theatre develops the most innovative productions headed by Martínez Sierra, Rivas Cherif, and groups as El Mirlo Blanco or Fantasio. The alternative answers to commercial theatre promoted new ways of stage management, interpretation and scenographic solutions, inaugurating a route towards the aesthetic change and the education of the public.

Los Teatros de Arte en España aparecen en las postrimerías del siglo XIX como propuesta de …

Apuntes Celestinescos (I): Una Edición Moderna De La Celestina, Héctor Brioso Santos

Teatro: Revista de Estudios Escénicos / A Journal of Theater Studies

No abstract provided.

Teoría Del Drama Histórico A Través Del Teatro De La Subtendencia Radical, Manuel Pérez

Teatro: Revista de Estudios Escénicos / A Journal of Theater Studies

This article examines the influence of history conceptions among the playwrights of the so-called radical subtendency. Most frequently, these authors apply to their plays their Marxist and revisionist views about history.

Este articulo evalúa la influencia del concepto de lo histórico en los autores del teatro crítico radical. De manera predominante, el punto de vista sobre la historia aplicado a sus obras se adscribe a los principios del realismo socialista.

El Teatro Español En La Cartelera De Toulouse Entre 1995 Y 2002, Irene Aragón González

Teatro: Revista de Estudios Escénicos / A Journal of Theater Studies

The autor of this article studies, in detail and statlstically, theatre actlvities In Toulouse between 1995 and 2002.

La autora estudia, detallada y estadísticamente, la cartelera de Toulouse entre los años 1995 y 2002: representaciones, antecedentes, montajes, trayectoria de las compañías locales, etc.

From República Inmoral To La Peste Fascista: Agit-Prop Theatre Of The Second Republic, Catherine O'Leary

Teatro: Revista de Estudios Escénicos / A Journal of Theater Studies

This article considers the relationship between culture, specifically the theatre, and the State during the Second Republic and analyses some of the work of certain writers who employed propagandistic theatre to fUrther their political aims. It examines the purpose, both political and artistic, of this theatre before going on to demonstrate how its reception by the state"s censors during the Second Republic and the early Civil War years mirrored the political changes and confusion of the period. Finally, some conclusions are drawn about the worth of this theatre, both as art and as social document.

Tomando como punto de partida …