Business Commons^™

Elections And Asset Pricing: The Politically Sensitive Equity Of Us Military Contractors, Matthew Mark Ross

Wayne State University Dissertations

I quantify the relationship between political uncertainty and equity volatility in the months around US elections from 1989-2012. The Economic Policy Uncertainty Index and Stockholm International Peace Research Institute (SIPRI) data are employed to measure political uncertainty faced by military contractors, capitalizing on the unique monopsony-oligopoly business environment of these firms. I employ a GARCH (1,1) model with cross-sectionally correlated moments to produce daily firm-election volatility measures. Volatility increases 11% for local, 27% for midterm, and 43% for presidential elections. These measures demonstrate that all election categories: local, federal, presidential, and midterm exhibit differential effects on equity volatility. My results …

Shibusawa Eiichi, Dai Ichi Bank, And The Spirit Of Japanese Capitalism, 1860-1930, John Sagers

Faculty Publications

Shibusawa Eiichi (1840-1931) has been called the “father of Japanese capitalism” and was associated with nearly five hundred business enterprises in his lifetime. From his main position as head of Dai Ichi Bank, Shibusawa was a strong advocate for business interests when the Japanese government was generally preoccupied with military concerns. He also consistently argued that business leaders should look to Confucian principle for moral guidance if they were to maintain the public's trust. Through an analysis of Shibusawa's public statements and his legacy in subsequent historical scholarship, particularly Dai Ichi Bank's 1957 official company history, we see that appeals …

Two Essays On Insider Trading And Option Grants Around The Filing Of Influential Patents, Liu Pan

Doctoral Dissertations

Research documents that insiders, who have access to private information, appear to trade with profits before major corporate events like mergers, bankruptcy, dividend announcements, and future cash flow news (see, e.g., Seyhun, 1990; Seyhun and Bradley, 1997; John and Lang, 1991; Jiang and Zaman, 2010). Another recent stream of studies find that the size and quality of a firm's patent portfolio are positively related to the firm's future stock returns (Hirshleifer, Hsu, and Li, 2012; Pandit, Wasley, and Zach, 2011). However, there is little systematic evidence on whether insiders act opportunistically when they possess private information about the firm's patent …

Two Essays On Insider Trading And Option Grants Around The Filing Of Influential Patents, Liu Pan

Doctoral Dissertations

Research documents that insiders, who have access to private information, appear to trade with profits before major corporate events like mergers, bankruptcy, dividend announcements, and future cash flow news (see, e.g., Seyhun, 1990; Seyhun and Bradley, 1997; John and Lang, 1991; Jiang and Zaman, 2010). Another recent stream of studies find that the size and quality of a firm's patent portfolio are positively related to the firm's future stock returns (Hirshleifer, Hsu, and Li, 2012; Pandit, Wasley, and Zach, 2011). However, there is little systematic evidence on whether insiders act opportunistically when they possess private information about the firm's patent …

Work Group Composition Effects On Leadership Styles In Aircraft Manufacturing Organizations., Monica Lynn Dunnagan

Walden Dissertations and Doctoral Studies

leadership styles

homogeneous versus heterogeneous

manufacturing leaders

contractor workforce

A Vision Of Capitalism, As It Was Meant To Be: A Social Purpose Business Plan For Foodshed Productions, August Miller

Capstone Collection

FoodShed Productions, a social enterprise is pursuing a mission: to raise the caring capacity of communities and resilience of our local environments through resident education in organic backyard farming. As a social enterprise, FoodShed Productions, a for-profit, earns its economic viability doing work more often associated with non-profits, measuring its worth by the social, environmental, and economic benefits of its operations. The communities in Boulder County, CO. are served by FoodShed Productions through a social process in which “We Build, We Coach, You Keep Growing,” toward the goal of self-reliance.

The topic of this CLC is a Social Purpose Business …

The Effect On Stockholder’S Wealth On Critical Systems Failure And Remedy: The Boeing 787 Case, Jayendra Gokhale, Sunder Raghavan, Victor J. Tremblay

Accounting, Economics, Finance, and Information Sciences - Daytona Beach

In this paper we analyze the effect of Boeing Dreamliner 787’s battery problems on stockholder wealth. Using the event study methodology, we show that the recall in January of 2013 initially caused the company’s cumulative abnormal returns to fall by almost 4% in four trading days after the recall. This was followed by an announcement by two major airlines to ground all of the 787 Dreamliner jets. The FAA also ordered all US airlines to ground their 787s and announced an investigation to review all critical systems of 787s. However within four months of the investigation, FAA approved Boeing’s revisions …

الإبداع المحاسبي من خلال معايير المحاسبة الدولية, بوهرين فتيحة, مرازقة صالح

Muthanna Journal of Administrative and Economics Sciences

أصبح مفهوم الإبداع المحاسبي محل إهتمام كبيرجدا من قبل الباحثين المهتمين بميادين المعرفة المالية والمحاسبية وكذالك من قبل المحاسبين والمراجعين ’وقد أزداد هذا الإهتمام نتيجة للأزمة المالية العالمية الأخيرة والتي أدت إلى انهيار عدة شركات كانت رائدة في مجال عملها نتيجة لنقص الشفافية في عرض البيانات المحاسبية المتعلقة خاصة بالتدفقات المالية والتلاعب المقصود بالحسابات و من أجل التحكم في النشاط الإقتصادي والتدفقات المالية الناتجة عنه عملت الهيئات المهتمة بالعمل المحاسبي والمالي على وضع معايير التقارير المالية الدولية من أجل تحسين عملية العرض، التقييم التسجيل و الإفصاح المحاسبي. و عليه موضوعنا سيتناول معايير التقارير المالية كشكل للإبداع المحاسبي مركزين على عرض …

Speculative Tech: The Bitcoin Legal Quagmire & The Need For Legal Innovation, Paul H. Farmer Jr.

Journal of Business & Technology Law

No abstract provided.

Words Worth Price And Value, Tom Dunne

Articles

TOM DUNNE explains the terms used in relation to the valuation of property, and the need for common understanding among all parties using those terms. -

A Stochastic Volatility Model With Leverage Effect And Regime Switching, Hong Jiang

Legacy Theses & Dissertations (2009 - 2024)

Modeling the volatility of asset returns is a very important study in financial economics. Among the time-varying volatility models, the Stochastic Volatility (SV) models are argued to have advantages over the autoregressive conditional heteroskedasticity (ARCH) models. The purpose of this article is to put forward a generalized and flexible Stochastic Volatility model, the Stochastic Volatility Model with Leverage Effect and Regime Switching (SVLR model), which could capture the complex features of financial time series to the most extent.

Geometric Information Of Yield Curve, Unspanned Stochastic Volatility, And Affine Heath-Jarrow-Morton Models, Qingbin Wang

Legacy Theses & Dissertations (2009 - 2024)

The differences between the daily routine of fitting the yield curve (or equivalently, the forward rate curve) and the dynamic

Intermediate Inputs And External Economies, Haiwen Zhou

Economics Faculty Publications

Is the degree of external economies (at the industry level) higher than the degree of internal increasing returns (at the firm level)? If so, what is the exact source of this difference? In the general equilibrium model in which firms producing final goods choose the degree of specialization of their technologies, external economies arise from the usage of intermediate inputs and the existence of internal increasing returns. It is frequently assumed that increasing returns are absent at the firm level while present at the industry level. In this model, the existence of increasing returns at the firm level is necessary …

Global Expansion Of National Securities Laws: Extraterritoriality And Jurisdictional Conflicts, Junsun Park

The University of New Hampshire Law Review

[Excerpt] “As securities fraud has grown increasingly transnational, it has become necessary to expand the reach of anti-fraud provisions to persons and entities participating in global securities markets. So far, however, no single antifraud provision exists to govern the entire global marketplace. Although each country strives to combat international securities fraud by using its own regulatory regime, problems can develop when extraterritorial application of national securities laws leads to regulatory overlapping or conflicts. In light of these problems, it is necessary to set forth clear guidelines for determining whether national securities laws can apply extraterritorially and, if so, how far …

Food Imports Under Foreign Exchange Constraints In The Cfa’S Franc Zone Of Sub-Saharan Africa (Ssa), Seydina Ousmane Sene

Theses and Dissertations--Agricultural Economics

To respond to the high imported food prices in their domestic markets, net food importing countries in the Communauté Financière Africaine (CFA) zone^[1] are adjusting their import tariffs and homologate domestic prices of imported commodities such as rice, wheat, maize, and sugar. This research uses a multivariate specification of error correction model (VECM) of estimation to investigate the link between food imports, world price index of rice, wheat, maize and sugar, real effective exchange rates, domestic food production, GDP, and trade openness in the short and long run. The data are on each homogenous commodity from 1969 to 2012. …

Essays On The Value Of A Firm’S Eco-Friendliness In The Financial Asset Market, Muhammad S. Ahmadin

Theses and Dissertations--Agricultural Economics

This dissertation presents three different closely related topics on the value of eco-friendliness in the financial market. The first essay attempts to estimate hedonic stock price model to find a contemporaneous relationship between stock return and firms’ environmental performance and recover the value of investor’s willingness to pay of eco-friendliness. This study follows stock and environmental performances of the 500 largest US firms from 2009 to 2012. The firms’ environmental data come from the Newsweek Green Ranking, both aggregate measures: green ranking (GR) and green score (GS), and disaggregate measures: environmental impact score (EIS), green policy and performance score (GPS), …

International Trade With Increasing Returns In The Transportation Sector, Haiwen Zhou

Economics Faculty Publications

In this general equilibrium framework, the transportation sector is modeled as a distinct sector with increasing returns. A more advanced technology has a higher fixed cost but a lower marginal cost of production. Even with both manufacturing firms and transportation firms engaged in oligopolistic competition and optimally choosing their technologies, the model is tractable and results are derived analytically. Technology adoptions in the manufacturing sector and transportation sector are reinforcing, and multiple equilibria may exist. Firms choose more advanced technologies and the prices decrease when the size of the population is larger.

Environmental Degradation: Key Challenge To Sustainable Economic Development In The Niger Delta, Christian Udogadi Duru

Walden Dissertations and Doctoral Studies

Bold

Mexico Consensus Economic Forecast, Volume 17, Number 1, Thomas M. Fullerton Jr., Adam G. Walke

Departmental Papers (E & F)

No abstract provided.

Cracking The Code On Stem: A People Strategy For Nevada's Economy Executive Summary, Jessica A. Lee, Mark Muro, Jonathan Rothwell, Scott Andes, Siddharth Kulkarni

Brookings Mountain West Publications

Nevada has in place a plausible economic diversification strategy—and it’s beginning to work. Now, the state and its regions need to craft a people strategy. Specifically, the state needs to boost the number of Nevadans who possess at least some postsecondary training in the fields of science, technology, engineering, or math—the so-called “STEM” disciplines (to which some leaders add arts and design to make it “STEAM”).

The moment is urgent—and only heightened by the projected worker needs of Tesla Motors’ planned “gigafactory” for lithium-ion batteries in Storey County.

Even before the recent Tesla commitment, a number of the more high-tech …

دور المعلومات المحاسبية التحليلية في تؤييد الموازنة, أسماء مهدي الهاشمي

Muthanna Journal of Administrative and Economics Sciences

من أهنم المقومنات لعملينة انننادة بنناي العنرا فني المرحلننة الراهننة هنو تخةيةنات الموازنننة العامنة لتنفين الم ناري الإسننتاماريةوم نناري البنننت التحتيننة التنني نانننت الكايننر منن الإهمننال وفننعت التخةيةننات لفتننرات طويلننة ومننا يميننز النظننام الحننالي و ننودالحكومات المحلية والتي تتولت نملية تخطيط وتنفي الم اري م واق الحا ات المحلية الملحنة لم تمعاتانا والتني ينباني ا تعكنساستراتي ياتاا في الاستفادة م الموارد المخةةنة لانا وإسنتخداماا الاسنتخدام اأمانل وخن ل السننوات الامنا المافنية خةةنتالكاير م اأموال لموازنات الحكومات المحلية لمحافظات العرا المختلفة لإن از الم اري اأساسية لتؤهينل البننت التحتينة ال زمنةللعرا لفتح ابوابه نلت مةرانياا للم اري الإستامارية التي بدورها اساسية …

تمويل المنافع والخدمات في المؤسسات المصرفية الإسلامية الأردنية, أحمد محمد الجيوسي, علي سليمان الشطي

Muthanna Journal of Administrative and Economics Sciences

يعتبر موضوع تمويل المنافع والخدمات واحدا من أهم أساليب التمويل المستحدثة على مستوى العمل المصرفي الإسلامي؛ وهو يعني: تمويل إجارة الخدمات لطالبيها – من عملاء المصارف والمؤسسات المالية الإسلامية - من خلال حصول المؤسسات على المنافع بأجرة حالية (حاضرة) ومن ثم إيصالها إلى المحتاجين إليها بأجرة مؤجلة أو مقسطة، مما يسهم في تحقيق احتياجات العملاء من تعليم أو طبابة أو سياحة وسفر، وإيجاد الحلول المناسبة لقضايا اجتماعية ملحة وضرورية من جهة، ويعمل على زيادة الاستثمار في هذه المجالات الحيوية من خلال زيادة طلب السوق على هذه الخدمات من جهة أخرى. ويرى الباحثان أن هذا الموضوع على درجة كبيرة من الأهمية …

إمكانية توظيف اللاملموسات في تحقيق الإبداع المنظمي, حامد كاظم متعب الشيباوي

Muthanna Journal of Administrative and Economics Sciences

نتيجة للتطور السريع والبحث عن التكنولوجيا الجديدة المعاصرة اهتمت المنظمات الحديثة باللاملموسات كونها تمثل ثروة حقيقية من الأفكار والمعرفة والخبرات الأحدث في مفهوم الإدارة الحديثة تستطيع أن توظفها في تحقيق الإبداع ألمنظمي . تدرك منظمات اليوم بأنها لا تتنافس من خلال ما تملكه ممن أصول ومقدرات مادية ملموسة وإنما من خلال حزمة من اللاملموسات كمصدر لتكوين الثروة الحقيقية والتدفق الحيوي للقيمة والأفكار الإبداعية والخبرات . تهدف هذه الدراسة إلى إمكانية توظيف اللاملموسات بإبعادها (المعرفة , الابتكارات , براءة الاختراع, حقوق التأليف والنشر , تكنولوجيا المعلومات) في تحقيق الإبداع ألمنظمي بابعادة ( القدرة على حل المشكلات , تقبل المخاطرة , تشجيع …

إشكالية العلاقة بين المصارف الإسلامية والمصارف التقليدية, صباح رحيم مهدي

Muthanna Journal of Administrative and Economics Sciences

تسارعت المصارف الإسلامية في التطور في ظل اقتصاديات تحكمها أنظمة وقوانين غربية تقوم على أساس أسعار الفائدة، إذ أن الصيرفة الإسلامية بقيت صامدة رغم الصعوبات والسياسات التي واجهتها إلى أن أصبحت ذات انتشار دولي واسع، وأثبتت نجاحها في ظل النظام الرأسمالي، وترتبط المصارف الإسلامية مع المصارف التقليدية في كثير من الروابط، وفي نفس الوقت هنالك تمايز بينهما سوف نتطرق إليه في متن البحث.

دور الأنماط القيادية والمتغيرات الشخصية للأفراد في التغيير التنظيمي, برباوي كمال

Muthanna Journal of Administrative and Economics Sciences

يعد التغيير التنظيمي من سمات المؤسسات الحديثة وهذا التغيير لا يكون عفوي بل تفرضه الظروف المحيطة بالمؤسسة، فعليه فقباء المؤسسات يعتبر رهان والشغل الشاغل لدى القياديين الإداريين،فبهذا نقول بأن نجاح التغيير التنظيمي في المؤسسة لا يكون إلا بنمط قيادي فعال، فقد تتشابه أهداف المؤسسات في التغيير التنظيمي لكن نتائج التغيير تختلف باختلاف الأنماط القيادية في المؤسسات.فمن خلال هذا نهدف من المقال إلى إبراز دور النمط القيادي في عملية التغيير التنظيمي، بالإضافة إلى دور المتغيرات الشخصية( الجنس، العمر، المستوى التعليمي،الخبرة المهنية،المركز الوظيفي) لذا الأفراد في عملية التغيير التنظيمي.

A Study Of Job Satisfaction Among Non-Teaching Staff Of Punjabi University Patiala, Ali Saud Bisheen

Muthanna Journal of Administrative and Economics Sciences

The present study was undertaken to examine and describe the job satisfaction level of non-teaching staff of Punjabi university, Patiala / India. The study is descriptive in nature., and it was mainly review around the view of employees regarding the job satisfaction , what they think about the job satisfaction under different condition in order to reaching the actual level of job satisfaction among them that will help to present findings and make recommendations to the management in order to promote and improve job satisfaction at the university. And highlighting to understand the working conditions and opportunities to present problems …

Developing A Framework For Sustainable Manufacturing Strategies Selection, Lanndon A. Ocampo, Eppie Estanislao–Clark

DLSU Business & Economics Review

Manufacturing organizations adopt sustainability manufacturing in their attempt to address the triple-bottomline (TBL): environmental stewardship, economic growth, and social well-being. This study was conducted in order to characterize the programs adopted by a manufacturing firm with respect to the TBL and in the end, recommend a framework that could be utilized by decision-makers in the firm as they start to pursue a more sustainable strategy. This paper utilized the case study of a prime multinational semiconductor firm that promotes sustainability among their corporate initiatives.The semiconductor industry was chosen because of its prominence in sustainability efforts worldwide. Weaknesses of the current …

Two Essays On Attracting Foreign Direct Investment: From Both A National And Firm Level Perspective, Ryan Lawrence Mason

Theses and Dissertations in Business Administration

Countless studies with a wide variety of financial and economic indicators have been conducted over the years within the context of international business research, all searching for hints or signals as to what makes the never ending process of globalization progress. Our research follows these efforts while focusing specifically on Foreign Direct Investment (FDI). Our first study sets out to empirically test if nations adopting the inflation targeting (IT) monetary policy are more successful in attracting inbound and outbound FDI cash flows than those nations utilizing alternative monetary policies. IT is a relatively new policy which was first put into …

What Constitutes The Success Or Failure Of Multinational Corporations (Mncs) In Foreign Markets? A Case Study Of Chinese And American Mncs, Shiwei Jiang

Graduate Program in International Studies Theses & Dissertations

Scholars have identified multinational corporations (MNCs) as increasingly important and influential actors in international politics. However, mainstream international studies scholarship has failed to explain why MNCs succeed or fail in entering foreign markets. Market entry is a particularly vexing question for U.S. and Chinese firms seeking to compete for each other's consumers. As this study shows, surprising differences in success among U.S. firms in China, as well as Chinese firms in the U.S., suggest that statist and market factors interact with corporate strategies in confounding ways. Through case studies in the internet, automobile and fast food industries, this dissertation builds …

Does U.S. Macroeconomic News Make Emerging Financial Markets Riskier?, Esin Cakan, Nadia Doytch, Kamal P. Upadhyaya

Publications and Research

This study analyzes the impacts of US macroeconomic announcement surprises on the volatility of twelve emerging stock markets by employing asymmetric GJR-GARCH model. The model includes both positive and negative surprises about inflation and unemployment rate announcements in the U.S. We find that volatility shocks are persistent and asymmetric. Asymmetric volatility increases with bad news on US inflation in five out of the twelve countries studied and it increases with a bad news on U.S. unemployment in four out of twelve countries. Asymmetric volatility decreases with good news about US employment situation in eight countries out of twelve countries. Such …