Business Commons^™

The Unpredictable Positive Effects Of Sports Gambling: Gamblers Think Losing Feels Worse Than It Actually Feels, Guy Voichek, Nathan Novemsky

International Conference on Gambling & Risk Taking

Implications statement

Gamblers underestimate how much fun small wagers add to enjoying sports events. They think losing will feel worse than it really does. Simple reminder can correct this misprediction.

Abstract

When considering whether to gamble on a sporting event, people may ask themselves how winning or losing will affect their experience. In a series of four experiments, we find that people under-appreciate the positive effect of gambling on watching sporting events, in a way that causes them to under-value the opportunity to place a small stakes gamble. While participants predict that a gamble will enhance or diminish an experience …

University Technology Transfer Efficiency In A Factor Driven Economy: The Need For A Coherent Policy In Egypt, Hala Elhadidi, David A. Kirby

Business Administration

The article examines the effectiveness of instruments to promote technology transfer and foster entrepreneurial innovation in Egypt where there are individual measures but no com- prehensive, unified policy or strategy to promote the transfer and commercialisation of the intellectual property stemming from university research. The study examines the extent of technology transfer in the country and the effectiveness of the various existing measures through a four-phase investigation involving in-depth interviews with experts, a question- naire survey of 400 Egyptian Science, Engineering and Technology academics, three case studies of Technology Transfer Offices and a 237 respondent industry survey. The results indicate …

Nebraska Monthly Economic Indicators: May 22, 2019, Eric Thompson

Leading Economic Indicator Reports

The Leading Economic Indicator – Nebraska (LEI-N) rose by 0.79% during April of 2019. The increase in the LEI-N, which is designed to predict economic activity six months into the future, implies moderate economic growth in Nebraska through the end of 2019. Strong business expectations were again the primary reason for the increase in the leading indicator. Respondents to the April Survey of Nebraska Business reported plans to increase both sales and employment at their businesses over the next six months. There also was growth in manufacturing hours-worked during the month.

Empowering Female Entrepreneurs Through Mentorship In Medellin, Colombia: Results From The Field, Theresa Solenski

Master's Theses

Utilizing the power of local knowledge and peer networking, this study attempts to quantify the impacts of mentorship among female micro-entrepreneurs in Medellin, Colombia on empowerment. Developing countries such as Colombia have disproportionately high rates of unprofitable micro-businesses, many of which are managed by women. Internal constraints, such as disempowerment, play a central role in perpetuating poverty. We implement a 6-month mentoring intervention by pairing 18 successful entrepreneurs with 52 disadvantaged female, micro-entrepreneurs in Medellin, Colombia to measure the additional benefit of localized knowledge to micro-borrowers. Using a process of random assignment, I measure the change in female empowerment, measured …

Mentoring Female Entrepreneurs: Revenue Analysis, Candy M. Moreno Garcia

Master's Theses

Throughout the world, significantly less women own businesses than their male counterparts. In addition, they tend to own businesses that are smaller, have less growth, are less profitable and have lower sales turnover than those of men. Supporting female entrepreneurs is crucial as they tend to spend more on the health of the household, nutrition and education. This paper uses a randomized controlled trial to determine the impact of a mentorship program between experienced female entrepreneurs and inexperienced entrepreneurs, specifically focusing on the impact to profits. I use data collected from three rounds of survey over the course of six …

Fresh Blood In The Labor Market: Challenges And Rewards Of China's Returning Millennial Generation, Xinyu Li

Master's Projects and Capstones

In recent years, fresh blood has begun to emerge in China’s workplace: Chinese millennials who have gone abroad to study and received an overseas education. This special experience has brought many obstacles for them when they return to the Chinese workplace, whether it is the lack of synchronization between recruitment and graduation periods in the early stage of job seeking, or the pressure they encounter later. However, this experience also creates a set of unique advantages for them. Accepting international higher education makes their resumes more attractive, brings them a global perspective, and cultivates their ability to learn new skills …

Economic Impact Of Pace University's Construction, Rebecca Tekula, Adrian Rivero

Wilson Center for Social Entrepreneurship

No abstract provided.

Economic Impact Of Pace University's New York City Campus, Rebecca Tekula, Adrian Rivero

Wilson Center for Social Entrepreneurship

No abstract provided.

How Will I Afford It? Financial Aid And Its Impact On Higher Education: Evidence From The State Of Mississippi, Daria Herasymova

Honors Theses

The cost of higher education, in real terms, doubled in the last twenty years, increasing faster than medical costs, the consumer price index and housing. In 1987, U.S. Secretary of Education, William J. Bennett, in the New York Times article, raised the concern that financial aid has unintended consequences of enabling higher education institution to increase tuition. In this paper, through collection of data and literature review, I examine the drivers behind the rising cost of higher education and test whether the postsecondary institutions in the state of Mississippi exhibit behavior, consistent with the Bennett Hypothesis. Using fixed-effects regression model, …

Establishing Cryptocurrency Equilibria Through Game Theory, Carey Caginalp, Gunduz Caginalp

ESI Publications

We utilize optimization methods to determine equilibria of cryptocurrencies. A core group, the wealthy, fears the loss of assets that can be seized by a government. Volatility may be influenced by speculators. The wealthy must divide their assets between the home currency and the cryptocurrency, while the government decides the probability of seizing a fraction the assets of this group. We establish conditions for existence and uniqueness of Nash equilibria. Also examined is the separate timescale problem in which the government policy cannot be reversed, while the wealthy can adjust their allocation in reaction to the government’s designation of probability.

Nebraska Business And Consumer Confidence Indexes: May 3, 2019, Eric Thompson

Leading Economic Indicator Reports

Consumer confidence dropped sharply in Nebraska during April 2019 while business confidence remained strong. The Consumer Confidence Index – Nebraska (CCI-N) stood at 95.6 in April, below the neutral value of 100 and well below the March value of 110.0. The Business Confidence Index – Nebraska (BCI-N) stood at 107.8 in April, well above the neutral level and down slightly from 108.9 in March. When asked about the most important issue facing their business, 29 percent of respondents chose customer demand while 27 mentioned the quality and availability of labor and 19 percent mentioned competition from other businesses. Fifty-three percent …

Nebraska Business And Consumer Confidence Indexes: May 3, 2019, Eric Thompson

Leading Economic Indicator Reports

Consumer confidence dropped sharply in Nebraska during April 2019 while business confidence remained strong. The Consumer Confidence Index – Nebraska (CCI-N) stood at 95.6 in April, below the neutral value of 100 and well below the March value of 110.0. The Business Confidence Index – Nebraska (BCI-N) stood at 107.8 in April, well above the neutral level and down slightly from 108.9 in March. When asked about the most important issue facing their business, 29 percent of respondents chose customer demand while 27 mentioned the quality and availability of labor and 19 percent mentioned competition from other businesses. Fifty-three percent …

The Introduction Of Bitcoin Futures: An Examination Of Volatility And Potential Spillover Effects, Benjamin M. Blau, Ryan J. Whitby

Economics and Finance Faculty Publications

Theory in Stein (1987) suggests that introducing derivative contracts, such as futures, can destabilize underlying asset prices if the contracts attract enough speculative traders. This paper examines how the introduction of Bitcoin futures influences the underlying Bitcoin market. Consistent with Stein (1987), we find that that Bitcoin's volatility increases significantly during the post-introduction period. Perhaps more importantly, however, we observe significant spillover effects into related markets. For instance, in other cryptocurrencies, the increase in volatility in these markets is greater than the post-introduction increase in Bitcoin.

The Quality Of Xbrl Structured Financial Statements: An Empirical Examination Of Custom Tags, Aidana Razhap Kyzy

Theses and Dissertations

In 2009 the US Securities and Exchange Commission (SEC) adopted the eXtensible Business Reporting Language (XBRL) system to improve the process by which financial statements can be used. Interactive financial data filed with the SEC using XBRL provides easily readable and comparable financial data, thereby improving transparency and efficiency in the corporate market. SEC rules permit companies to use custom tags in their financial reports in cases when an appropriate element cannot be found in the Financial Accounting Standards Board (FASB) standard XBRL taxonomy. The inordinate use of custom tags may result in a reduction of financial report quality by …

The Political Economy Of Automation: Its Effects On Workers Past, Present, And Future, Brendan Klein

All College Thesis Program, 2016-2019

This paper explores the state of the skill premium between skilled and unskilled labor in light of new forms of automation entering the workforce from 2008-2017. I build off the work started by Goldin and Katz in their book, The Race Between Education and Technology, answering the question: is demand for skilled labor currently outpacing the supply of skilled labor due to new forms of automation? I start with a historical review of the race between demand and supply of skilled labor, along with a study of policy influences on skilled labor supply. I then examine the literature currently published …

The House That Credit Built: How Advertising Shaped A Culture Of Borrowing In The Decade Of Prosperity., Morgan Folden

Electronic Theses and Dissertations

This thesis is an examination of the visual rhetoric of the advertisements in 1920s America that encouraged consumers to implement payment plans to purchase commodities. It begins with an analysis of a standard advertisement found in a popular subscription journal and describes the ad’s reliance on an editorial-style layout to appeal to the rationality of the viewer, a theme common among marketing schemes of the surrounding decades. It uses an art historical approach to provide a new lens in studying capitalist economics and the provocative issue of empowerment versus confinement in the general visual representation of American housewives. The latter …

U.S. Housing Market In 2019 Expected To Perform Better Than Originally Predicted - May 2019, Manuel Reyes-Loya, Marilyn Young

Hibbs Newsletter

In this issue of the Hibbs Newsletter we discuss the housing market in the U.S. generally and with a focus on East Texas.

Asymmetric Effects Of Cultural Institutes On Trade And Foreign Direct Investment, Donald Lien, Melody Lo, David Bojanic

Business and Information Technology Faculty Research & Creative Works

The Purpose of a Cultural Institute is to Improve International Relations with Other Countries by Promoting Language Familiarity and Cultural Awareness. in Addition, Cultural Institutes Can Provide Additional Business Opportunities that Lead to Positive Economic Side Effects Such as Increases in Trade and Foreign Direct Investment (FDI). in This Study, Gravity Models Were Used to Analyse the Data for the Goethe Institut (Germany), the Cervantes Institute (Spain) and the Confucius Institute (China) to Identify Any Stylised International Patterns of the Documented Economic Effects. the Study Finds Significant Positive Effects on Bilateral Trade and FDI Outflows for All Three Programmes, Along …

Perceptions Of The North American Free Trade Agreement And Mexican Migration: “What Is The Relationship Between Trade Liberalization And Labor Mobility?”, Colin Gonzalez

Political Science Undergraduate Honors Theses

In an effort to understand the effectiveness of the North American Free Trade Agreement, the author uses previous academic literature to assesses the success of the North American Free Trade Agreement’s primary and peripheral goals. To understand how North American citizens, perceive NAFTA and their future relationship with one another, the author uses survey data to analyze attitudes of American and Mexican citizens towards trade liberalization (NAFTA) and labor mobility. Regression analysis reveals that there is a positive relationship between labor mobility and trade liberalization for Mexican citizens but not for American citizens. This is a significant finding that contributes …

The Impact Of Immigration On Financial Markets, Jesse Baker

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

This paper studies the impact of immigration policy on financial markets. I estimate the cumulative abnormal returns surrounding two events the effective start date of the Immigration Act of 1990 and the implementation of the Temporary Protected Status (TPS) of Nicaragua and Honduras in 1999. Focusing on agriculture, construction, and manufacturing firms, I find that the CARs surrounding the events are indeed positive and significant, suggesting that the market anticipated growth among industries that are likely to hire Central American immigrants.

A Better Economy By "Design", Lawrence Chong

Asian Management Insights

The air was still, and I was going nowhere with the session until I asked the participants about their kids instead of talking more about the bank. The conversations soon turned chirpy as the mothers in the group spoke over one another, sharing their hearts out about their children and their hopes for them. I felt I had unlocked something new, even though this should have been obvious as this is a very family-oriented country. This experience was part of our transformation project for a Southeast Asian bank that would reshape its digital, brand and customer engagement strategy through a …

Three Essays On Information Diffusion And Market Friction, Li Guo

Dissertations and Theses Collection (Open Access)

How markets impound information into asset prices is one of the most important concerns of financial economics. Due to behavioural bias and transaction friction, information could be mispriced in the real world, thus driving market anomalies and return predictability of behavioural factors. My dissertation contributes to the literature by investigating how information can be quantified, acquired, disseminated and priced in the financial market with the existence of market frictions.

In Chapter 2, we propose an efficient method based on machine learning and textual analysis to quantify cross industry news and shed light on how news travels across different industries. The …

Are You Happy? Local Economic Development In Northern Thailand, Katherine Sorensen

Master's Theses

Thailand has had a long history of economic development. In recent years, Thailand began to focus on economic development initiatives a local level. The implementation process has been slow, but the introduction of social enterprise programs has proven a promising strategy in local economic development. Successful examples of economic development can be found in Thailand wherein this paper argues through collaboration between government agencies and local communities lies the key to success.

Qualitative techniques including a two months of fieldwork in Thailand, first hand observations, and appreciative inquiry interviews are used to analyze economic development initiatives in the communities of …

Housing Equity And Household Consumption In Retirement: Evidence From The Singapore Life Panel, Lipeng Chen, Liang Jiang, Sock Yong Phang, Jun Yu

Research Collection School Of Economics

We utilize data from the Singapore Life Panel© survey to empirically investigate the impact of housing equity on consumption of elderly households. Based on panel analysis, we find housing equity value has no significant impact on non-durable consumption for elderly people. The conclusion holds for a battery of robustness check. Moreover, heterogeneity analyses based on subsamples by age of household head, house type, and number of property possessed also show no significant impact of housing equity on consumption in general. Finally, we use scenario analysis to study the Lease Buyback Scheme (LBS), a novel housing equity monetization scheme which allows …

An Exploratory Study Of The Impact Of Acculturation On Fashion Consumption Among Hispanic Immigrants In The U.S., Laura Toloza

Graduate Theses and Dissertations

With a population of 58 million in 2016, the Hispanic immigrant population in the U.S. is expected to grow nearly 30% by 2060 (Hispanic influence, 2016). Immigrants are affected by acculturation and often have difficulty maintaining their culture of origin. Prior studies have revealed acculturation influences on consumer behaviors, but despite the increased population and purchasing power of Hispanic immigrants in the U.S., few studies have explored the ways in which acculturation influences shopping behaviors for fashion products among Hispanic consumers. The purpose of this study is to explore the general attitude related to shopping (i.e., shopping orientation) of Hispanic …

“Because I Care I Risk”: How Ceo Free Market Orientation Affects The Extent And Type Of Income Smoothing, Mirzokhidjon S. Abdurakhmonov

Graduate Theses and Dissertations

The executive political ideology literature suffers from a lack of conceptual clarity because social and economic issues are conflated. This has created an inconsistency in empirical findings with the theoretical predictions of the political ideology construct. In this dissertation, I identify a distinct economic component, free market orientation, based on support for economic individualism, competition, and property rights to reconcile these inconsistencies. Specifically, I argue that these indicators of free market orientation will have a unique impact on the way executives run their organizations. I develop a novel scale that measures CEO economic values that I term free market orientation …

Essays On Networks And Corporate Finance, Tatiana Salikhova

Graduate Theses and Dissertations

In my dissertation I explore how personal networks affect firms’ financial decisions. In the first essay, I study how social connections among divisional managers affect the capital allocation to divisions in diversified conglomerates. In contrast to the previous studies, I focus on the horizontal connections or connections formed among managers of the same level of corporate hierarchy. I show that connections among divisional managers lead to higher sensitivity of segment capital spending to segment’s growth opportunities, higher firm-level allocation efficiency and higher firm value. Additionally, firms tend to strategically assign better-connected managers to these segments, and connections help to reduce …

Disruptive Innovation: The Rise Of The Knowledge-Sharing Market In China, Yaqing Lan

International Studies Honors Projects

Innovation is a major subject of international political economy, but mainstream discussions focus on scientific research and development and detach innovation development from their social contexts. In response to this view, this project reveals the importance of cultural and social factors in influencing innovation development by examining the rise of the knowledge-sharing market (KSM) -- a social-network-site-based economy in China. It suggests the KSM is a disruptive innovation not only because it is pioneered by a latecomer in the global innovation market, China, but also because its emergence from the changing Chinese consumer demands disrupts the mainstream thinking of innovation.

Bringing Business Back To The Ballpark, David Drea

Business and Economics Honors Papers

This study uses ordinary least squares and quantile regressions to discover the determinants of total attendance for Major League Baseball teams. Furthermore, the study seeks to discover whether or not the average time length of a baseball game has any significant effect on total attendance. The data ranges from the year 2016 until 2018 and includes all thirty professional teams. The purpose of the quantile regression is to gain a deeper understanding of total attendance’s determinants and to see which distributions in the data are most affected. The results were that home runs are a significant stimulant in attendance and …

Nebraska Monthly Economic Indicators: April 25, 2019, Eric Thompson

Leading Economic Indicator Reports

The Leading Economic Indicator – Nebraska (LEI-N) rose by 1.21% during March of 2019. The increase in the LEI-N, which is designed to predict economic activity six months into the future, implies moderate economic growth in Nebraska through the fall of 2019. Strong business expectations were again the primary reason for the increase in the leading indicator. Respondents to the March Survey of Nebraska Business reported plans to increase both sales and employment at their businesses over the next six months. There also was growth in manufacturing hours-worked and a drop in initial claims for unemployment insurance during March 2019.