Business Commons^™

Some Economic Issues In Indian Textile Sector, Badri Narayanan G.

Badri Narayanan G.

No abstract provided.

Corporate Investment And Analyst Pressure, Sébastien Michenaud

Sébastien Michenaud

Distress During The Great Depression: The Illiquidity-Insolvency Debate Revisited, Gary Richardson

Gary Richardson

During the contraction from 1929 to 1933, the Federal Reserve System tracked changes in the status of all banks operating in the United States and determined the cause of each bank suspension. This essay analyzes chronological patterns in aggregate series constructed from that data. The analysis demonstrates both illiquidity and insolvency were substantial sources of bank distress. Periods of heightened distress were correlated with periods of increased illiquidity. Contagion via correspondent networks and bank runs propagated the initial banking panics. As the depression deepened and asset values declined, insolvency loomed as the principal threat to depository institutions.

Deposit Insurance And Moral Hazard: Capital, Risk, Malfeasance, And Mismanagement. A Comment On ‘Deposit Insurance And Moral Hazard: Evidence From Texas Banking During The 1920s, Gary Richardson

Gary Richardson

A Journal of Economic History article by Linda Hooks and Kenneth Robinson, “Deposit Insurance and Moral Hazard: Evidence from Texas Banking During the 1920s,” contains a contradiction (Hooks and Robinson 2002). Pondering the contradiction in the paper reveals insights that the authors may have overlooked. Hooks and Robinson’s article examines the experience of the banking industry in Texas during the 1920s. Texas operated a deposit-insurance system from January 1, 1910 until February 11, 1927. Deposit insurance was mandatory for all state banks, which were given the choice of two plans in which to participate. The preponderance participated in the depositors …

Check Is In The Mail: Correspondent Clearing And The Banking Panics Of The Great Depression, Gary Richardson

Gary Richardson

Weaknesses within the check-clearing system played a hitherto unrecognized role in the banking crises of the Great Depression. Correspondent check-clearing networks were vulnerable to counter-party cascades. Accounting conventions that overstated reserves available to corresponding institutions may have exacerbated the situation. The initial banking panic began when a correspondent network centered in Nashville collapsed, forcing over 100 institutions to suspend operations. As the contraction continued, additional correspondent systems imploded. The vulnerability of correspondent networks is one reason that banks that cleared via correspondents failed at higher rates than other institutions during the Great Depression.

Burnout And Perceived Organisational Support Among Frontline Hospitality Employees, Gabrielle Walters, Michael Raybould

Michael Raybould

This article describes research designed to investigate the relationship between burnout and perceived organisational support (POS) among front-line hospitality employees. Three hundred front-line employees of a multisite hospitality firm were surveyed using an instrument comprising the general survey version of the Maslach Burnout Inventory and the 17-item version of the Survey of Perceived Organisational Support (POS). Significant relationships were found between POS and each of the three burnout dimensions of exhaustion, cynicism and personal efficacy. The findings of this study contribute to the existing academic literature and provide hospitality managers with a better understanding of the factors that contribute to …

Affidavit Of Peter Cramton, Peter Cramton

Peter Cramton

Affidavit arguing that HQ manipulated the NYISO TCC and day-ahead energy markets. On behalf of DC Energy, LLC.

A Taxonomy Of Finance Theories, Grace S. Thomson

Dr. Grace S. Thomson

Finance Theories Taxonomy This document presents a taxonomy of selected finance theories developed in past 5 decades by academics, practitioners and scholars in the United States, Europe, Asia and Latin America. A total of 14 theories and models are synthesized in this work, organized in five tables with the same structure: Theories of capital structure; capital budgeting and cost of equity; asset valuation, financial behavior and international finances. Each table contains theories organized alphabetically with an indication of its germinal or current character. The description of the theory is accompanied by current examples of empirical research that updates or contradicts …

Active Learning: Impact Of Use Of Webcasts In A Business Class, Grace S. Thomson

Dr. Grace S. Thomson

No abstract provided.

Academic Testimony On Unilateral Conduct Before The U.S. Dept. Of Justice & Federal Trade Commission Hearings, Aaron S. Edlin

Aaron Edlin

No abstract provided.

Tracking Performance: When Less Is More, Kathy Paulson Gjerde, Hughes S.

Kathy A. Paulson Gjerde

Greening The Business Economics Curriculum: A Paradigm For Environmental Stewardship In The 21st Century, Asayehgn Desta

Asayehgn Desta

An Empirical Study Of The Sources Affecting E-Business Value Creation In Jordanian Banking Services Sector, Philadelphia University

Philadelphia University, Jordan

No abstract provided.

The Drivers Of Regional Entrepreneurship In Rural And Metro Areas, Jason Henderson, Sarah A. Low, Stephan Weiler

Sarah A. Low

No abstract provided.

Innovation And Productivity In European Industries, Mario Pianta, Andrea Vaona

Mario Pianta

The labour productivity impact of innovation is investigated in this paper combining neo-Schumpeterian insights on the variety of innovation with the importance of industrial structures and firm size; two models are proposed for explaining productivity and export success in European manufacturing industries and firm-size classes. The empirical estimates are based on data from the European innovation survey (CIS 2), covering Austria, France, Italy, the Netherlands, and the UK, broken down by 22 sectors and for large, medium, and small firms. The econometric results, obtained adopting cross-sectional estimation methodologies able to account for unobserved industrial characteristics, show that productivity in Europe …

Innovazione E Occupazione, Mario Pianta

Mario Pianta

No abstract provided.

Demand And Innovation In European Industries, Mario Pianta, Francesco Crespi

Mario Pianta

After the decade-old debate between demand-pull and technology-push perspectives, demand seems to have fallen out of fashion. In this paper two models are proposed on the determinants of general innovative activities and on the market impact of product innovations. The models combine the supply and demand engines of innovation, and qualify the type of innovative efforts, distinguishing between those oriented towards cost reductions or towards technological competitiveness. The models are tested at the industry level for 22 manufacturing sectors and 17 services sectors in six European countries. The results show that efforts at technological competitiveness, product oriented strategies and the …

Commercio Con L'Estero E Tecnologia In Italia Negli Anni Cinquanta E Sessanta, Mario Pianta, Matteo Gamellini

Mario Pianta

Il commercio con l’estero ha svolto un ruolo centrale nello sviluppo economico italiano del secondo dopoguerra. Il rapido aumento dell’export ha contribuito all’accelerazione dei tassi di crescita dell’economia, ha stimolato le attività tecnologiche, ha disegnato l’orientamento della struttura produttiva italiana e la sua collocazione sui mercati europei e internazionali. La crescita impetuosa delle importazioni ha permesso l’acquisizione dall’estero di conoscenze e beni essenziali per il paese. Negli anni Cinquanta e Sessanta l’Italia assume le caratteristiche di un’economia aperta, segnata dall’importanza della domanda estera e della competitività internazionale: si delineano in questo periodo aspetti destinati a diventare una caratteristica permanente dell’economia …

Industria, Mario Pianta

Mario Pianta

Le trasformazioni dell'economia hanno al centro il ruolo dell'industria, che nei primi anni del 21° secolo è stata caratterizzata da processi di innovazione tecnologica, di internazionalizzazione della produzione e di diffusione delle attività industriali in numerosi Paesi in via di sviluppo. Nei Paesi più avanzati e in Italia tali processi hanno portato a una concentrazione del controllo di produzioni svolte su scala internazionale, a una forte crescita delle attività finanziarie, a una progressiva deindustrializzazione, con il calo dell'occupazione nel settore e la crescita del peso dei servizi.

Global Justice Movements. The Transnational Dimension, Mario Pianta, Raffaele Marchetti

Mario Pianta

No abstract provided.

Comercio Y Trabajo: Asimetrias En El Gobierno Global, Mario Pianta

Mario Pianta

No abstract provided.

The Translation Of Some Metaphorical Expressions In Shakespeare's Hamlet, Philadelphia University

Philadelphia University, Jordan

No abstract provided.

A View Of The Dutch Ipo Cathedral, Peter B. Oh

Peter B. Oh

This is the Keynote Address for “IPOs and the Internet Age: The Case for Updated Regulations,” a symposium held at The Ohio State University Michael E. Moritz College of Law. Initial public offerings (“IPOs”) are an exercise in asymmetrical valuation. One mechanism for bridging these asymmetries is a private financial intermediary to conduct price discovery by meeting with preferred investors. An alternate mechanism is an auction, such as a descending-bid or Dutch procedure, to conduct price discovery by soliciting bids from all prospective investors. Recent disenchantment with the relationship between issuers and intermediaries has prompted some to hail (online) auction-based …