Business Commons^™

Deep Habits And Taxes: A Simulation Study, Lawrence B. Dacuycuy

DLSU Business & Economics Review

Using a calibrated dynamic model that embeds endogenous fiscal policy tools, this note provides simulation evidence on the effectiveness of tax and fiscal spending policies in determining key macroeconomic outcomes. The model was chosen because newly imposed taxes in the Philippines have affected the prices of consumption varieties and plausibly because of deep habits, the pricing policies of firms have become dynamic. Building upon the seminal model of Ravn, Schmitt-Grohe, and Uribe (2006), this note shows that preference structures do have a key role to play in determining the response of private consumption to endogenous fiscal policy. Results show that …

Can Government Bond Replace Rational Bubbles? The Empirical Investigation On Singapore And Thailand, Athakrit Thepmongkol, Pichet Kaytanyaluk

DLSU Business & Economics Review

This paper aims to test the theoretical policy implication on rational bubbles. Many works, including Caballero and Krishnamurthy (2006), Kocherlakota (2009), and Martin and Ventura (2011), suggested that government bonds can rule out rational bubbles. We constructed our own bubble index using the Fourier transformation technique and, as a result, found the empirical support of the theory in the case of Singapore, but not in the case of Thailand. For the case of Singapore, the credibility in an ability to collect tax and the appropriate yield of government bonds are keys to the effectiveness of such the anti-bubble policy. Moreover, …

How Does Value Relevance Of Accounting Information React To Financial Crisis?, Karl Louis Eugenio, Rhobe Mitch Ailarie Parel, Katrina Marie Reyes, Keith Brian Yu, Cynthia Cudia

DLSU Business & Economics Review

The relevance of financial reports rests on the value relevance of accounting information. Since accounting information is value relevant only when used by investors to reflect stock valuations, it takes trust from the users of financial information over the financial statements. The heightened volatility of markets during periods of financial distress or crisis raises the imperative to determine the value of financial information during these periods. The great recession of 2008 also victimized East Asia, and firm strategies were influenced by resulting economic shocks. In this study, we aim to determine how value relevance of accounting information differ before, during, …

Impact Of Cash Holding On Foreign Institutional Holding In Large Manufacturing Companies In India: An Empirical Study, Souvik Banerjee

DLSU Business & Economics Review

Foreign institutions are playing a major role in a number of emerging market economies these days. In India, their investment acts as one of the cornerstones of market movement. In this research paper, it is explored whether cash holding levels have a bearing on the foreign institutional holding in large manufacturing companies in India. Various factors like size, profitability, growth opportunity, lifecycle, prior dividend payout, leverage,and so forth are controlled. Data is analyzed for a period of 16 years starting from the financial year 2000–01. The analysis is done in the form of panel data. The findings of the empirical …

Anticipating Aging And Prospecting Pension For Retirement Well-Being, Roberto E. Javier Jr., Mitzie Irene Conchada, Melvin Jabar

DLSU Business & Economics Review

Filipino young and middle-aged adults anticipate old age positively as it is a mark of achievement in human life but negatively apprehend living through their old age, given the high incidence of poverty among the elderly in the Philippines. The issues surrounding the insurance system, income security, and social pension in old age were all related to unfavorable views about living through the aging years. In-depth group interviews (IGIs) conducted across cities and municipalities in the countryside generated conceptions about aging and concerns about becoming old in a society with no strong social protection for its graying population. A qualitative …

Assessing The Poverty And Distributional Impact Of Alternative Rice Policies In The Philippines, Caesar B. Cororaton, Krista Danielle S. Yu

DLSU Business & Economics Review

Philippine domestic prices of rice are significantly higher than world prices for similar rice quality. The WTO- approved Philippine rice waiver, which allows the government to continue its quantitative restrictions on rice imports, sustains

the price gap in rice and prolongs the heavy burden on poor consumers who spend a significant amount of their income on rice. The results of rice policy simulations using a CGE model with poverty microsimulation indicate that a tariffication of the quantitative restrictions on rice imports, which maintains the level of protection to the local paddy farmers and the utilization of the generated revenue as …

Market Value Analysis Of Takashi Murakami's Artwork Under Howard Becker's Theory, Liu Yi-Ding

MA Theses

This paper is an analysis about the artist Takashi Murakami. As a representative of the corporate artist, he is favored by the Art business world while being criticized by many people. This paper adopts American sociologist Howard Becker's art world theory as a research tool to observe that the construction of Murakami and his art market is not the growth of genius, but the result of collective cooperation. Based on two decades of data on the art trade, Murakami has made his unique brand of ultra-flat theory and otaku work. These labels, along with internalization and external marketing, eventually gave …

Farm To Label: A Critique Of Consumer Activism In The Sustainable Food Movement, Olivia Whitener

Pomona Senior Theses

“Local,” “organic,” “natural,” and “Fairtrade” are just several of the many claims adorning the food products that line grocery store shelves. These promises of environmental sustainability and social responsibility are pillars of the “good food revolution” sweeping the nation as consumers demand alternatives to the products of the industrial food system. Green consumerism, the premise that consumer demand for environmentally sustainable goods will bring about ecologically beneficial outcomes, is at the heart of the sustainable food movement. This thesis takes a critical look at the operation of green consumerism in the food system. It explores the ideology and shortcomings of …

Strategies For Using Analytics To Improve Human Resource Management, Rosaline Uduak Etukudo

Walden Dissertations and Doctoral Studies

The use of analytics in human resource (HR) management has proven successful in improving company performance by reducing workforce costs, improving the quality of recruitment, improving talent management and employee engagement, and generally improving productivity. The purpose of this qualitative, multiple-case study was to explore how HR managers use analytics to improve company performance using the contextually based human resource theory as the conceptual framework. The target population comprised a purposeful sample of 5 HR managers in Washington DC; the United States; and Lagos, Nigeria, who had experience using analytics for HR management. Data were collected through semistructured interviews using …

An Analysis Of The Quality Of Ph.D Theses: A Peep Through In-Text Citations And Bibliography, Unnikrishnan S

Library Philosophy and Practice (e-journal)

This study attempts to analyze the quality of Ph.D theses awarded by Mahatma Gandhi University, South India in the field of Social Sciences through their in-text citations and bibliography. This is done by foregrounding the mistakes made by the scholars in their theses. In between 2017-18, the university had awarded 69 Ph.Ds under Social Sciences of which 25 theses were selected for this study. The major finding of the study is that even though American Psychological Association (APA) style of citation is generally accepted across the academic community, none follow it strictly. This is because research guides are often permitted …

The Public Choice Of Public Stadium Financing: Evidence From San Diego Referenda, Candon Johnson, Joshua Hall

Faculty & Staff Scholarship

Abstract: Local politicians and team owners frequently argue that the public financing of stadiums is important for local economic development. The sports economics literature, however, has largely found that new professional sport facilities do not generate any new net economic activity. We provide context to this literature by exploring the public choice in the public financing of stadiums. In 2016, San Diego had two ballot measures related to the San Diego Chargers. Measure C would allow officials to raise hotel taxes to pay for a new downtown stadium for the Chargers. Measure D would also raise hotel taxes, but explicitly …

Attractive Or Aggressive? A Face Recognition And Machine Learning Approach For Estimating Returns To Visual Appearance, Guodong Guo, Brad R. Humphreys, Mohammad I. Nouyed, Yang Zhou

Economics Faculty Working Papers Series

A growing literature documents the presence of appearance premia in labor markets. We analyze appearance premia in a high-profile, high-pay setting: head football coaches at bigtime college sports programs. These employees face job tasks involving repeated interpersonal interaction on multiple fronts and also act as the “face” of their program. We estimate the attractiveness of each employee using a neural network approach, a pre-trained Convolutional Neural Network fine tuned for this application. This approach can eliminate biases induced by volunteer evaluators and limited numbers of photos. We also use this approach to estimate the perceived aggressiveness of each employee based …

Measuring Fiscal And Monetary Policies Spillovers In Asean, Thi Mai Lien Dau, Yuthana Sethapramote

DLSU Business & Economics Review

This paper aims to comprehensively examine fiscal and monetary policies spillovers to real GDP and inflation in ASEAN-5 countries. We examine the effects of shocks from each of the ASEAN members and advanced economies by employing the global vector autoregression (GVAR) model because it allows us to investigate this issue in a multinational system. The empirical results show several important findings. Generally, both internal and external fiscal and monetary spillovers have a significant effect on all ASEAN-5 countries, although internal monetary spillover seems to be stronger than internal fiscal spillovers. At country level, out of the five ASEAN countries, Indonesia’s …

On Implementation Delays, Marginal Costs And Price Dynamics: A Theoretical Note With Implications For The Philippines, Lawrence B. Dacuycuy, Mariel Monica Sauler, Dickson Lim

DLSU Business & Economics Review

It has been known that longer implementation delays in public investments result in sluggish accumulation of public capital. In models in which public capital determines firm productivity, the longer the duration of implementation delays, the

higher the marginal costs which, in a New Keynesian economy means higher price markups. Consequently, higher mark- ups may increase the inflation rate, leading to an appropriate monetary policy response. Using a dynamic stochastic general

equilibrium (DSGE) model, this theoretical note focuses on the relationships among government investments, firm pricing policy, and monetary policy. It addresses some aspects of public investment, and through simulations, characterizes …

Study Of The Impact Of The Great Recession On The Relation Between Earnings Surprises And Stock Returns, Benjamin Anderson, Stoyu Ivanov

Faculty Publications

This paper examines the impact of the Great Recession on the relation between earnings surprises and stock returns and examines the role that informed and uninformed investors play in the formation of the post-earnings announcement drift (PEAD). We use quarterly earnings surprises (SUE), firms' standardized unexpected returns, calculated as actual earnings minus expected earnings, scaled by stock price one day prior to the earnings announcement, and one-year future stock returns, the subsequent twelve-month abnormal stock returns, calculated as the difference between the firm's buy-and-hold return and the value-weighted market buy-and-hold return, to test whether the Great Recession had an impact …

Financial Market Risk And Macroeconomic Stability Variables: Dynamic Interactions And Feedback Effects, Agnieszka M. Chomicz-Grabowska

Doctoral Dissertations (DBA)

This study investigates dynamic interactions and feedback effects between financial market risk proxied by VIX and key macroeconomic stability variables that include the rate of unemployment, headline inflation and market-based inflation expectations reflected by the breakeven inflation. I argue that market risk should play a stronger role in macroeconomic modeling and forecasting than it has been recognized thus far in the literature. I employ vector autoregression with impulse response functions, as well as two-state Markov switching tests to examine these interactions on the longest available US monthly data. The empirical tests show that the association between market risk and macroeconomic …

Editor's Note, Marites Tiongco

DLSU Business & Economics Review

No abstract provided.

Climate Risks And Market Efficiency, Harrison Hong, Frank Weikai Li, Jiangmin Xu

Research Collection Lee Kong Chian School Of Business

Climate science finds that the trend towards higher global temperatures exacerbates the risks of droughts. We investigate whether the prices of food stocks efficiently discount these risks. Using data from thirty-one countries with publicly-traded food companies, we rank these countries each year based on their long-term trends toward droughts using the Palmer Drought Severity Index. A poor trend ranking for a country forecasts relatively poor profit growth for food companies in that country. It also forecasts relatively poor food stock returns in that country. This return predictability is consistent with food stock prices underreacting to climate change risks.

Intraday Information From S&P 500 Index Futures Options, Kian Guan Lim, Chen Ying, Kian Leong Nelson Yap

Research Collection Lee Kong Chian School Of Business

In this paper we employ intraday transaction prices of liquid E-mini S&P 500 index futuresoptions to form 10-minutes ahead risk-neutral skewness forecasts and show profitable optionstrading strategy net of transaction costs. We do not find profitable trading based on 10-minutesahead risk-neutral volatility and only very marginal cases of profitable trading using kurtosisforecasts. The skewness profitability anomaly may be an indication of informational marketinefficiency in intraday S&P 500 futures options markets, which is contrary to findings usinglonger-span daily and weekly moments. Our results lend credence to the persistence of intradaytrading activities in the markets.

Role Of Organizational Culture In Psychological Needs Satisfaction And Work Engagement, Quddsia Sadaf, Mudassar Aziz, Gulnaz Anjum

Business Review

This paper explores the role of organizational culture in the satisfaction of basic psychological needs and yielding work engagement among public and private sector managers. Results reveal that organizational culture confers employees with a sense of relatedness which promotes work engagement. Additionally, the study suggests that female managers have a higher need for relatedness, the satisfaction of all basic psychological needs is significantly higher among private sector employees and work satisfaction increases with increasing job level. This study can be used for the development of organizational culture to improve relatedness among employees with respect to gender and the type of …

A Bibliometrics Literature Review On Cryptocurrency, Asefeh Asemi, Andrea Kő

Library Philosophy and Practice (e-journal)

Objective: A bibliometrics literature review on Cryptocurrency and thematic clustering. The study tried to answer the following questions: What are the most active publishers in Cryptocurrency? What are the most active Authors in Cryptocurrency? What is expression count of the main categories in Cryptocurrency? What is expression count of the sub-categories in Cryptocurrency?

Q5. What is expression count of the keywords in cryptocurrency? What are the most important word occurrences in the title? What are the most thematic clusters in Cryptocurrency?

Methodology: A combined research method is applied. Research community included the published papers in cryptocurrency and retrieved from Google …

East Chicago Politics: A Cornucopia Of Corruption, Tina Ebenger, Tracey Mccabe

Midwest Social Sciences Journal

Despite the comical title, there is a lot of corruption in East Chicago (IN) politics. One mayoral election had to have a “do-over” because of fraudulent absentee ballots, and a former mayor is doing time in jail for using public monies to remodel his home. This cornucopia of corruption extended to the indictment of six public officials (the so-called Sidewalk Six) in East Chicago for misusing public funds for political gain, specifically vote-buying, in the 1999 mayoral reelection of Robert Pastrick. These officials, ranging from a parks superintendent to a city engineer to several city council members, bought votes by …

The Impact Of Perspective In Identifying And Responding To Potential Sexual Misconduct: A Study Of University Students, Nichole Maki Weller, Kathy Parkison, Steven R. Cox, Michael Plummer

Midwest Social Sciences Journal

Recent events have demonstrated a divergent understanding of sexual harassment and other forms of sexual misconduct. Although sociocultural standards regarding sexual misconduct have changed over time, including improved social and workplace standards and protections, it is clear that not everyone views these events through the same lens. The lens is even less clear when potential misconduct is viewed from the distinct perspectives of a “victim” and a “perpetrator.” We surveyed 424 undergraduate and graduate students at Indiana University Kokomo to identify the impact of perspective and various sociodemographic characteristics that may influence perceptions of what is, and is not, sexual …

Statement From The Indiana Academy Of The Social Sciences And Board Of Directors, Mssj Staff

Midwest Social Sciences Journal

No abstract provided.

Table Of Contents, Mssj Staff

Midwest Social Sciences Journal

No abstract provided.

Going To Extremes: The National Parent Teacher Association And Political Extremism In The 1960s, Sarah E. Heath

Midwest Social Sciences Journal

In the 1960s, the National Parent Teacher Association (PTA) reported efforts at “infiltration” by conservative extremist groups, including the John Birch Society (JBS). Extremists sought to take over PTA meetings to obtain a mainstream platform for minority opinions. The PTA parried extremists’ efforts with a deluge of activities and publications dedicated to democratic fair play and research-based approaches to education. In spite of a coherent plan for dealing with such techniques in the 1960s, the methods used by the Birch Society and other conservative extremist groups appear to have resumed in contemporary educational discussions. Once again, opinions that appeal to …

Analysis Of Colombian Trade Agreements From 2007 To 2013, Ryan Lee

Midwest Social Sciences Journal

I analyze the firm-level effects on Colombia entering into Preferential Trade Agreements (PTAs) between 2007 and 2013. The combination of detailed firm-level data and PTAs make this article unique. In particular, I look at two separate potential trade-promotion effects of the agreements. The first result deals with how exporting firms in Colombia respond to the tariff cuts in the agreements. The tariff cuts from the agreements increase the size of exports by Colombian firms (the intensive margin); however, tariff cuts do not increase the number of exporting Colombian firms (the extensive margin). The second result deals with how the signed …

Racial Segregation In Indianapolis, 1990–2010: A Spatial Perspective, Vijay Lulla, Owen Dwyer

Midwest Social Sciences Journal

The index of dissimilarity is the most widely used method for measuring racial segregation. When applied to Indianapolis, this index has returned results showing the city to be among the most segregated in the country. The resulting measure, however, suffers from two shortcomings. First, the index of dissimilarity is sensitive to the census-defined geographic unit chosen for the analysis; thus, this index returns different (though proportionate) results depending on whether the population data are aggregated to larger or smaller enumeration units. Second, the index of dissimilarity cannot account for the influence of spatial proximity; adjacent census blocks interact regardless of …

Race And Racism In The Historical Imagination: Slavery And Civil Rights In Popular Culture, Denise Lynn, Sakina Hughes, Aimee Adam

Midwest Social Sciences Journal

Because Hollywood films often lack black representation, films on slavery and civil rights often fail to recognize the roles that black Americans have played in their own emancipation from slavery and in the civil rights movement. Our contention is that historically inaccurate films perpetuate inaccurate understandings of Black history and thus inform contemporary race relations. We selected a more and a less accurate film about slavery and about the civil rights movement, discussing these four films in terms of their historical context.

We also conducted an experiment. After watching one of the four movies, or after viewing no movie, participants …

“We Are A Very Happy Family”: 19th-Century Familial Power Dynamics, Stella A. Ress

Midwest Social Sciences Journal

This article examines the roles of family members in the mid-19th century in America, using the Willard family as a case study. Ultimately, this thick description of the Willard family demonstrates that power within the family structure was neither intrinsic nor static; moreover, one person did not control the family and its decisions at all times. Instead, each family member, depending upon circumstances, situations, and his or her own nature, negotiated and laid claim to power through various sources of authority. Josiah Willard’s authority stemmed from his role as father and husband; society crowned him king of the household, and …