Digital Commons Network^™

Managing Swaption Portfolio Risk Under Different Interest Rate Regimes, Poh Ling Neo, Chyng Wen Tee

Research Collection Lee Kong Chian School Of Business

Efficient risk managing of swaption portfolios is crucial in the hedging of interest rate exposure. This paper formulates a portfolio risk management framework under stochastic volatility models. The implication of using the right volatility backbone in the stochastic-alpha-beta-rho (SABR) model is analyzed. In order to handle negative interest rates, we derive a displaced-diffusion stochastic volatility (DDSV) model with closed-form analytical expression for swaption pricing. We demonstrate that the dynamics naturally allow for negative rates, and is also able to fit the market well. Finally, we show that choosing the right backbone in the DDSV model results in optimal hedging performance …

Single Sourcing Versus Multisourcing: The Roles Of Output Verifiability On Task Modularity, Shantanu Bhattacharya, Alok Gupta, Sameer Hasija

Research Collection Lee Kong Chian School Of Business

This paper compares two modes for outsourcing the development of information services projects: single-sourcing (where one vendor handles all outsourced activities) and multisourcing (where multiple vendors handle those activities). We assess the relative efficacy of these two outsourcing modes by identifying the effects of three factors: task modularity, the extent of alignment between a (verifiable) performance metric and project revenue, and the extent to which project revenue is itself verifiable. We find that if tasks are modular then multisourcing strictly dominates single-sourcing—provided the verifiable performance metric and project revenue are not completely aligned. Yet if tasks are integrated, then the …

Commodity Return Predictability: Evidence From Implied Variance, Skewness And Their Risk Premia, Marinela Adriana Finta, Jose Renato Haas Ornelas

Research Collection Lee Kong Chian School Of Business

This paper investigates the role of realized and implied and their risk premia (variance and skewness) for commodities’ future returns. We estimate these moments from high frequency and commodity futures option data that results in forward-looking measures. Risk premia are computed as the difference between implied and realized moments. We highlight, from a cross-sectional and time series perspective, the strong positive relation between commodity returns and implied skewness. Moreover, we emphasize the high performance of skewness risk premium. Additionally, we show that their portfolios exhibit the best risk-return tradeoff. Most of our results are robust to other factors such as …

Fordham University School Of Law: A Case Study Of Legal Education In Twentieth-Century America, Robert J. Kaczorowski

Fordham Law Review

This paper focuses on three themes that shaped legal education in twentieth-century America and roughly organizes the topics of this conference. These themes emerged when I was researching and writing the history of Fordham University School of Law. Consequently, I will discuss Fordham’s history as a case study focused on the following themes: 1. The importance of university relations and funding to enhancing the quality of a law school; 2. The importance of scholarship and the changing nature of scholarship in legal education; and 3. The importance of diversity and the changing nature of diversity in legal education.

Second Mode Inclusion Claims In The Law Schools, Kenneth W. Mack

Fordham Law Review

During the past half-decade, law school student demands for changes in legal education to address issues of diversity and inclusion have both proliferated and grown insistent. Although the demands are somewhat varied, they have sometimes stretched far beyond the admission and hiring of more students and faculty from minority groups. Students have advocated for basic changes in the way that law schools operate in order to make them more inclusive of groups that have been historically marginalized within these institutions.

Rape Messaging, Alena Allen

Fordham Law Review

When feminists began advocating for rape reform in the 1970s, the rape message was clear: rape was not a crime to be taken seriously because women lie. After decades of criminal law reform, the legal requirement that a woman vigorously resist a man’s sexual advances to prove that she was raped has largely disappeared from the statute books, and, in theory, rape shield laws make a woman’s prior sexual history irrelevant. Yet, despite what the law dictates, rape law reforms have not had a “trickle-down” effect, where changes in law lead to changes in attitude. Women are still believed to …

Lady Justice Cannot Hear Your Prayers, Deborah Ogali

Fordham Law Review

The Islamic finance industry continues to grow quickly as the appetite for everything, from Sharia-compliant home mortgages and car loans to sophisticated financial products, increases. This growth has triggered an interest in sukuk, bond-like financial instruments. And while the international market for sukuk has long been dominated by foreign issuers and English law, the attraction of a niche market compatible with U.S. federal and international securities laws may propel increased participation by U.S. issuers and investors who wish to transact under U.S. federal and state laws. As with all Islamic financial products, sukuk transactions inherently pose a Sharia compliance risk. …

Dac-H3: A Proactive Robot Cognitive Architecture To Acquire And Express Knowledge About The World And The Self, C Moulin-Frier, T Fischer, M Petit, G Pointeau, Et Al

School of Engineering, Computing and Mathematics

This paper introduces a cognitive architecture for a humanoid robot to engage in a proactive, mixed-initiative exploration and manipulation of its environment, where the initiative can originate from both human and robot. The framework, based on a biologically grounded theory of the brain and mind, integrates a reactive interaction engine, a number of state-of-the-art perceptual and motor learning algorithms, as well as planning abilities and an autobiographical memory. The architecture as a whole drives the robot behavior to solve the symbol grounding problem, acquire language capabilities, execute goal-oriented behavior, and express a verbal narrative of its own experience in the …

From Clinical Trials To Real-Life Clinical Practice: The Role Of Immunotherapy With Pd-1/Pd-L1 Inhibitors In Advanced Urothelial Carcinoma, Sa Hussain, A Birtle, S Crabb, R Huddart, Et Al

Peninsula Medical School

CONTEXT: A number of PD-1/PD-L1 inhibitors have recently been approved for use in patients with locally advanced or metastatic urothelial carcinoma (UC) on the basis of results from several clinical trials. OBJECTIVE: To review the evidence from these trials and consider what it means for the use of these drugs in first-line and post-platinum settings in real-life clinical practice. EVIDENCE ACQUISITION: PubMed was searched for full reports of clinical trials of single-agent PD-1/PD-L1 inhibitors in advanced UC. Twelve publications were included. EVIDENCE SYNTHESIS: Responses to PD-1/PD-L1 inhibitors appear to be durable but are only achieved in 17-26% of patients. These …

The Use Of Explicit Comprehension Strategies During Oral Instruction Of Informational Text Structures And The Effect On First-Graders' Listening Comprehension, Noelle E. Converse

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

This study evaluated the effect of an explicit comprehension read-aloud routine of science content on first grade students’ listening comprehension.The read-aloud routine taught the structures common in the informational text (compare, contrast, and compare-contrast) and found in first grade science big books with the goal of improving understanding of the science content. Students who received the intervention showed improvements in their ability to understand the compare-contrast text structures compared to students who were taught the same content without the routine or students who were taught typical science read-aloud content without the routine. Observations revealed that teachers who were most consistent …

The Relationship Of Gender-Based Microaggressions And Internalized Sexism On Mental Health Outcomes: A Mother-Daughter Study, Nicole D. Feigt

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

Subtle occurrences of discrimination, insults, and slights against gender can impact woman of all ages, although little research has been done on the mental health impacts of these events on adolescents or middle-aged women. Additionally, a person’s own views on sex roles and sexism may impact how these events affect them. The following study examined the relationship between mothers and daughters on variables related to ambivalent sexism, gender-based microaggressions, and anxiety and depression. One hundred two mothers and their adolescent daughters completed various online surveys through the use of a Qualtrics panel. The sample was fairly representative, with respondents varying …

Institutional Adaptation To Water Scarcity In Utah Irrigation Companies, Grant Patty

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

A review of how water institutions in the American West have changed in response to arid conditions as a means of examining the possibility of further change as an adaptation to climate change induced water scarcity. Two institutions are examined, prior appropriation and shares.

While much of the American West operates under prior appropriation formally, irrigators have found Coasian methods of lowering transaction costs by forming irrigation companies. Irrigation companies own appropriative rights and redefine them, typically as shares. Lower transaction costs allow irrigators to trade more freely within companies, though trades between companies still face high transaction costs.

Using …

Supporting Adolescent Metacognition In Engineering Design Through Scripted Prompts From Peer Tutors: A Comparative Case Study, Kristin Marie Strong

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

In 2013, developers of the Next Generation Science Standards implemented national K-12 directives and elevated engineering design to the level of scientific inquiry. Teaching design, however, is challenging to educators due to the complex nature of design problems, which cannot be solved via simple algorithms. Solving design problems requires a more reflective and iterative approach that emphasizes metacognitive skills like planning, monitoring, and taking another person’s perspective. Educators are further challenged by children’s immature metacognitive skills, which may be insufficient to engage in the entire design process.

A qualitative study of paired seventh graders demonstrated a pragmatic learning activity for …

Route-Finding: Developing Curricular Knowledge And Impacting Practice Through A Collaborative Curriculum Mapping Process, Laura J. Reina

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

Research indicates curriculum mapping is beneficial for teachers and students. However, it is not effectively implemented because there are barriers in time, support, and knowledge. This research sought to remove those barriers and study the impact on teachers’ practice when they were able to work together to develop a curriculum map. The focus of the teachers’ map was the Kindergarten through third grade English Language Arts curriculum.

This work included a series of professional development sessions where teachers worked collaboratively to gain a greater understanding of the curriculum and develop a sequence from kindergarten through third grade. Teachers’ worked collaboratively …

Effect Of Acceptance Versus Psychoeducation On Hoarding, Clarissa W. Ong

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

Hoarding disorder (HD) is a mental health condition characterized by difficulty letting go of possessions, resulting in clutter that prevents use of active living spaces. Consequences associated with hoarding include strained family relationships, distress for children in the home, and increased burden on social services. Currently, the most empirically supported treatment for HD is cognitive-behavioral therapy (CBT), which includes such components as education about the nature of hoarding, challenging unhelpful thoughts, and exposure to distressing stimuli. Despite its demonstrated effectiveness, CBT does not result in clinically significant improvement for at least 50% of individuals, indicating the need for alternative interventions …

Geospatial Modeling Of Land Cover Change In The Chocó-Darien Global Ecoregion Of South America: Assessing Proximate Causes And Underlying Drivers Of Deforestation And Reforestation, José Camilo Fagua

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

The Chocó-Darien Global Ecoregion (CGE) in South America is one of 25 global biodiversity hotspots prioritized for conservation. I performed the first land-use and land-cover (LULC) change analysis for the entire CGE in this dissertation. There were three main objectives: 1) Select the best available imagery to build annual land-use and land-cover maps from 2001 to 2015 across the CGE. 2) Model LULC across the CGE to assess forest change trends from 2002 to 2015 and identify the effect of proximate causes of deforestation and reforestation. 3) Estimate the effects of underlying drivers on deforestation and reforestation across the CGE …

Evaluating The Role Of Nonmonetary Factors In Teachers' Employment Decisions, Jeffrey M. Gunther

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

Teacher recruitment and retention is a problem of perpetual concern among education policymakers. High rates of teacher attrition, particularly within the first few years of a teacher’s service have been of particular concern. It is believed that persistent teacher shortages contribute both to underperformance of students generally, as well as to achievement gaps between students of different races and socioeconomic backgrounds. The importance of this issue has led to a great deal of research in the field, which has found that there are a large number of factors that influence the desirability of schools to teachers. What is still unclear …

The Intergenerational Transmission Of Parental Practices That Influence The Educational Outcome Of Latinxs In The United States, Ana E. Kemple Reeves

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

Parental involvement practices in education have traditionally referred to overt forms of involvement such as attending school meetings, parent teacher conferences, and volunteering at the school. Research suggests that Latinx parents do not utilize these approaches as much as they do subtler practices. These practices are manifested in parents’ communication with their children, their parenting styles, and the academic expectations they place on their children. The current study intended to recognize the parental practices used by Latinx parents that contribute to educational attainment and combat fixed beliefs regarding their lack of involvement in their children’s education. The data collection was …

Justice And The River: Community Connections To An Impaired Urban River In Salt Lake City, Taya L. Carothers

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

Local communities have the right to participate in decision-making about environmental resources near where they live. Local governments have tried to gather feedback from communities to help improve the decisions they make, but have not always done a good job getting feedback from minority or urban communities. This dissertation provides one step toward obtaining this kind of public input in a majority minority community surrounding the Jordan River in Salt Lake City. Children and adults participated in this research. I present findings from two surveys, from work with children, and from adult interviews to understand how this community relates to …

“I Really Don’T Look For Certifications, It All Has To Do With Personal Relationships”: The Construction Of A Meat Philosophy And Innovation Adoption By Culinary Professionals In The Rocky Mountain Region, Kailie B. Leggett

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

Demand for new methods of beef production is rising due to concern over potential impacts on human health, animal welfare, and the environment. Researchers at Utah State University have developed a method of beef production from cattle finished on tannin-containing legume forages in the Rocky Mountain Region in order to address those concerns. To ensure success of this product, the demand and marketability needed to be assessed. Food values addressed through new production standards and certifications are communicated through labeling by culinary professionals in the kitchen and behind service counters. This research study utilized qualitative methods to understand how culinary …

Measuring Rural Revolutionary Mobilization: The Militiamen, Soldiers, And Minutemen Of Fauquier County, Virginia 1775 - 1782, Jason Fackrell

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

The story of the rural soldiers and militiamen of Virginia that served in the American Revolution remains open to historical research and exploration. Recent scholarship of Virginia’s military contribution to the Revolution focuses heavily on relationships of power among social groups that operated within the colony’s hierarchy, concluding that a lack of white, lower-class political and economic representation disabled mobilization among the Old Dominion’s more settled regions. My study emphasizes the revolutionary backcountry’s story by using Fauquier County, Virginia as a case study.

A study of Rural Virginia during the Revolution presents scholars with significant challenges. Literacy rates among the …

Examining Market Channels For Local Produce: Consumer Affordability And Producer Profitability, Karli A. Salisbury

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

This study examines the price differences of commonly consumed produce between farmers’ markets and grocery stores in Utah. Our first objective is to compare price differences of a basket of produce between farmers’ markets and grocery stores. We compare these price differences in terms of low-income consumer affordability and if an individual can afford a market basket of produce using a combination of Farmers’ Market Nutrition Program (FMNP) dollars and Double Up Food Bucks (DUFB) incentive dollars. Our second objective for this study is to establish the price premiums of individual produce items based on where the produce was sold, …

Freedom Of Expression Or Freedom From Hate: A Canadian Perspective, Rosalie Silberman Abella

Cardozo Law Review

No abstract provided.

Reconstructing The Rule Of Lenity, David S. Romantz

Cardozo Law Review

No abstract provided.

Second Class Citizenship? The Plight Of Naturalized Special Immigrant Juveniles, Irene Scharf

Cardozo Law Review

No abstract provided.

Flipping A Course On Entrepreneurial Leadership In Ethnic Chinese Business: A Mobile Learning Perspective, Thomas Menkhoff

Research Collection Lee Kong Chian School Of Business

This exploratory article reflects on the teaching experiences for a course on “Entrepreneurial Leadership in Ethnic Chinese Business” at the Singapore Management University (SMU). It was categorised as a mobile learning course with reference to the flipped classroom model, learner mobility, and user-generated content outside the classroom. We examine three examples of mobile learning projects which were assigned to students so that they would be able to internalise key course objectives such as gaining an appreciation of the structure, functions, and cultural uniqueness of traditional small Chinese business organisations in Singapore. The paper also addresses some of the challenges faced …

Hexaco Personality Predicts Counterproductive Work Behavior And Organizational Citizenship Behavior In Low-Stakes And Job Applicant Contexts, Jeromy Anglim, Filip Lievens, Lisa Everton, Sharon L. Grant, Andrew Marty

Research Collection Lee Kong Chian School Of Business

This study examined the degree to which the predictive validity of personality declines in job applicant settings. Participants completed the 200-item HEXACO Personality Inventory-Revised, either as part of confidential research (347 non-applicants) or an actual job application (260 job applicants). Approximately 18-months later, participants completed a confidential survey measuring organizational citizenship behavior (OCB) and counterproductive work behavior (CWB). There was evidence for a small drop in predictive validity among job applicants, however honesty-humility, extraversion, agreeableness, and conscientiousness predicted lower levels of CWB and higher levels of OCB in both job applicants and non -applicants. The study also informs the use …

China’S Belt And Road Initiative And Asean’S Maritime Cluster, Hans-Dieter Evers, Thomas Menkhoff

Research Collection Lee Kong Chian School Of Business

This paper centres around China’s Belt and Road Initiative (BRI) and makes a case for further examining the possible effects of the complementary ‘Maritime Silk Road’ on Southeast Asia’s maritime clusters with reference to Singapore, Malaysia and Indonesia. Port development with “Chinese engagement” from Port Klang in Malaysia to Sri Lanka to Gwadar in Pakistan to some Gulf state ports to Piraeus in Greece provides a string of valuable pearls in the form of harbours from which adjoining areas can be serviced through feeder vessels or railway lines by Chinese government-linked companies. Whether China’s heavy investments in land and maritime …

Impact Of Culture On The Pursuit Of Beauty: Evidence From Five Countries, Shilpa Madan, Shankha Basu, Ng Lim, Elison Ai Ching Lim

Research Collection Lee Kong Chian School Of Business

Human beings have always coveted beautiful objects, but the desire to look good is reaching new heights worldwide. Although the pursuit of beauty appears universal, industry evidence suggests that it is particularly strong in Asia. This research examines the effect of culture on the pursuit of beauty. Three studies provide converging evidence that interdependent self-construal increases the likelihood of using appearance-enhancing products. Study 1 operationalizes culture through nationality and self-construal and shows that Easterners (more interdependent) are more likely to use appearance-enhancing products than Westerners (less interdependent). This use is driven by interdependents’ tendency to conform to societal norms, which …

Direct Care Nurses (Dcn) As Antimicrobial Stewards: Summary, Children's Mercy Kansas City

Clinical Critically Appraised Topics

No abstract provided.