Business Commons^™

Optimizing Repayment Strategies For Egyptian Construction Companies With Multiple Loans, Moataz Elkady

Theses and Dissertations

Optimizing Repayment Strategies for Egyptian Construction Companies with Multiple Loans is of utmost importance to efficiently allocate monthly income for loan repayment. The conventional practice of paying the minimum balance due each month leads to increased interest charges and prolonged repayment periods. In response, this research proposes a model for multiple loan repayment that considers the computational complexity involved.

The model is built on the foundation of mixed integer linear programming and aims to establish an optimal repayment schedule by minimizing the total cash required to repay the loans, prioritizing the repayment of loans before personal expenses. The implementation of …

Assessing The Effect Of Fintech Adoption On Country's Productivity, Mai Metwally

Theses and Dissertations

The relationship between total factor productivity of countries, for both low-income and high-income countries, and Fintech adoption will be examined in this paper. Also, a background on Fintech history will be discussed and explored briefly along with Fintech future risks and opportunities. Starting off with the importance of TFP, it is also known to be "Solow residual" (named after American Economist "Robert Solow"). TFP shows and examines the performance along with efficiency of the entity or country. It shows how well and efficient the firm or country in transforming its inputs to the desired outputs. Moreover, it is the ratio …

Fintech Companies Valuation Using Real Options: Fawry Empirical Study, Yassmen Abou Elwafa

Theses and Dissertations

This thesis presents an improved valuation approach for Fintech companies, which are high-growth technology-based firms. We first identify the shortcomings of traditional valuation methods in valuing high-growth technology firms. Then, an alternative valuation technique based on real options theory is discussed to value fintech companies. The relevance and validity of using real options valuation to value fintech firms are also discussed. We propose a new flexible framework for valuing fintech companies by extending the Schwartz-Moon (2001) model to include various types of real options. To validate the practical application of the Extended Schwartz-Moon model, we conduct an empirical study to …

Navigating Uncertainty: The Role Of Gold, Silver, Oil, Cryptocurrency, And Esg Indices In The Mena Region, Rahaf Zakaria Sakr

Theses and Dissertations

This study examines the effectiveness of various financial instruments as hedges and safe havens during different market conditions in the MENA region. It compares traditional safe-haven investments ( gold, silver, and oil) and non-traditional safe-havens (cryptocurrencies and ESG stocks) to determine which investments function better as hedges and safe havens during different market conditions. The data covers eight years, starting in 2015 and ending in early 2023. DCC GARCH is utilized to examine time variation in conditional correlations. This study finds that Gold, Silver, and cryptocurrency can be considered strong hedges to the MENA market on average and weak safe …

Three Essays On New Issues In Corporate Finance, Abdullah Shoeb

Theses and Dissertations

This dissertation focuses on three new issues in corporate finance, each aiming at different aspects of a firm's behavior. First, I propose a novel way to classify domestic manufacturing firms based on their level of financial constraint. Using the operating cash flow ratio as my new measure, I find that the behavior of constrained and unconstrained firms differ significantly, unlike existing constraint measures from the literature. My results indicate that constrained firms cannot engage in equity recycling, have a higher sensitivity to cash flow, use the proceeds from the sales of their fixed assets in R&D, and cannot change leverage …

Stock Splits And Corporate Peer Effects, Albert J. Saad

Theses and Dissertations

We find that a company’s decision to execute a stock split is affected by the number of stock splits carried out by its peers. Through the use of a broad peer group construction methodology, we also reveal the presence of asymmetric effects with regard to companies of different market capitalization size. In the periods of 1983–1996 and 1997–2009 we find that firms are more likely to split their stock if more of their peers have recently done so. However, in the period of 2010–2019 we see that the opposite is true. These results provide further evidence on social learning from …

Lobbying – A Financial Perspective, Sean Byrne

Theses and Dissertations

U.S. based bank holding companies (BHCs) exert influence at every step in the legislative process where financial regulatory reforms are enacted into law, such as the Dodd-Frank Act, to promulgation of regulations. In Chapter II, we maintain that BHCs, upon facing salient regulation, lobby regulators to have their opinions heard with the goal of favorable regulatory change and to increase non-traditional revenues. We undertook a novel collection of political and financial data from 2003 to 2018, matching 180 pairs of parsed proposed and final regulations. BHCs that participated in commenting on proposed rules are highly successful at having their views …

Effects Of Level Of Effort Measurement In The Application Of Earned Value Management, James M. Demos

Theses and Dissertations

Major Air Force contracts are subject to overview utilizing Earned Value Management (EVM). EVM is flexible in its application through the adherence of guidelines rather than strict rules. Due to this method, there is concern for potential abuse of application through overuse of Level of Effort (LOE) as a measurement technique. There are current recommended practices and rules of thumb that suggest LOE should be limited to 15% of a program’s budget with no quantitative research to support this claim. This study examines how LOE is currently employed in ACAT I Air Force programs and what LOE’s impact is on …

Cost Estimating Relationships For Recurring T100 Flyaway Costs, Kyrie M. Rojo

Theses and Dissertations

This research investigates a dataset of over 80 Air Force and Navy aircraft and applies regression techniques to create two cost estimating relationships (CERs) for predicting recurring T100 flyaway costs, depending on where in the acquisition lifecycle the estimate takes place. The first CER explains 89 percent of the variation in the dataset and can be applied prior to Milestone B (MS B). The second CER explains 88 percent of the variation in the dataset and can be applied between MS B and MS C. Significant cost drivers identified include stealth, cohort, empty weight, the natural log of speed, legacy …

A Decadal Analysis Of Factor Trends In Production Data For Department Of Defense Acquisition Programs, Scott A. Reilly

Theses and Dissertations

This research involves the analysis of standard parametric cost factors across decades within the Production phase of Department of Defense (DoD) acquisitions. DoD cost estimators utilize factors to develop budgets, build cost estimates, measure program progress, and crosscheck for other estimating methodologies. This research analyzed contract data from 732 cost data summary reports (DD Form 1921) across seven decades and eight common work breakdown structure (WBS) elements. In addition to analyzing differences in these WBS elements, this research also provides analysis across decades for several commodity types, contract types, contractor types, and service branches. The statistical tests conducted in our …

The Relationships Among Financial Literacy, Financial Behaviors, Financial Attitudes, And Homeownership Within Low-Moderate Income Households In Los Angeles County, Aliyu Ahmed

Theses and Dissertations

This dissertation explores how financial literacy, financial capability, financial self-efficacy, and future time perspective affect the likelihood of low-moderate income (LMI) households in Los Angeles County owning a home and holding a mortgage. It draws on existing literature on financial literacy, financial capability, financial self-efficacy, future time perspective, and homeownership to develop a theoretical framework that identifies the factors that influence LMI households’ access to homeownership. Using secondary data merged from six surveys conducted by the University of Southern California (USC) Understanding America Study (UAS) from 2015 to 2022, it analyzes the relationships among financial literacy, financial behaviors, financial attitudes, …