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Full-Text Articles in Business

Mass.Commuting, Michael Goodman, Dana Ansel, Robert A. Nakosteen, James Palma, John Gaviglio, Greg Leiserson, Rebecca Loveland, Rachel Deyette Werkema Oct 2004

Mass.Commuting, Michael Goodman, Dana Ansel, Robert A. Nakosteen, James Palma, John Gaviglio, Greg Leiserson, Rebecca Loveland, Rachel Deyette Werkema

Robert A Nakosteen

Massachusetts families have traffic on their minds. In the MassINC Quality of Life poll, respondents ranked the “roads and traffic situation” as the second highest policy issue in need of major of improvement.1 This new study reveals that they have good reason for concern. While commute times in Massachusetts were roughly in line with the national average two decades ago, they have since increased considerably and at a much faster pace than the nation as a whole. In fact, from 1980 to 2000, Massachusetts commute times increased at the sixth fastest rate in the nation. Massachusetts workers endure the ninth …


Managing Unmanageable Physicians: Leadership, Stewardship, And Disruptive Behavior, Tim Keogh, William Martin Aug 2004

Managing Unmanageable Physicians: Leadership, Stewardship, And Disruptive Behavior, Tim Keogh, William Martin

William Marty Martin

Physician and health care leaders are seeking guidance and support on how to address disruptive behavior that has an impact on safety, quality, and performance. This article equips leaders with a model and process to prevent and address disruptive behavior.


Persistent Dependence In Foreign Exchange Rates? A Reexamination, Atreya Chakraborty Jan 2004

Persistent Dependence In Foreign Exchange Rates? A Reexamination, Atreya Chakraborty

Atreya Chakraborty

We test for stochastic long-memory behavior in the returns series of currency rates for eighteen industrial countries using a semiparametric fractional estimation method. A sensitivity analysis is also carried out to analyze the temporal stability of the longmemory parameter. Contrary to the findings of some previous studies alluding to the presence of long memory in major currency rates, our evidence provides wide support to the martingale model (and therefore for foreign exchange market efficiency) for our broader sample of foreign currency rates. Any inference of long-range dependence is fragile, especially for the major currency rates. However, long-memory dynamics are found …


Bank Lending And The Effectiveness Of Monetary Policy Under A Revised Basel Accord, Kevin T. Jacques, David Schirm Jan 2004

Bank Lending And The Effectiveness Of Monetary Policy Under A Revised Basel Accord, Kevin T. Jacques, David Schirm

Kevin T Jacques

No abstract provided.


Lessons From The Citizens Bank/Umass Small Business Survey For New England, Michael Goodman, Robert A. Nakosteen Jan 2004

Lessons From The Citizens Bank/Umass Small Business Survey For New England, Michael Goodman, Robert A. Nakosteen

Robert A Nakosteen

A comprehensive survey of the New England small business community provides a detailed snapshot of its attitudes and beliefs regarding the prospects for their individual businesses and the regional economy. While the findings indicate significant optimism, they also highlight some major challenges facing the region’s small business community.


Migrants And The Massachusetts Economy: New Challenges And Questions, Robert A. Nakosteen, Michael Goodman, Dana Ansel Jan 2004

Migrants And The Massachusetts Economy: New Challenges And Questions, Robert A. Nakosteen, Michael Goodman, Dana Ansel

Robert A Nakosteen

This study shows the impacts domestic in- and out-migration have on the Massachusetts labor force, and raises questions regarding the reasons for out-migration from Massachusetts even when our economy is strong, and for the Commonwealth’s recent net losses in migration even with states that have traditionally provided it with net gains in migration.


Risk Sharing And The Market For Corporate Control: A Case For Golden Parachutes, Atreya Chakraborty Dec 2003

Risk Sharing And The Market For Corporate Control: A Case For Golden Parachutes, Atreya Chakraborty

Atreya Chakraborty

The predictability of security returns has received considerable attention in the literature, and yet the predictability of bond returns beyond the US markets has remained far less explored. Here we plan to remedy the shortcoming, and in that effort we analyse the ability of several predetermined information variables in predicting bond returns in the European market. We test if variables, commonly used for that matter in the context of other markets (such as inverse relative wealth, term spread, real bond yield and a January dummy) are also useful predictors of European bond returns. Due to some particularities of the sample …


A Borderless World Of Hypermobile And Homeless Capital? An Evaluation Of Financial Flows In The Mutual Fund Industry, Colin C. Williams Dec 2003

A Borderless World Of Hypermobile And Homeless Capital? An Evaluation Of Financial Flows In The Mutual Fund Industry, Colin C. Williams

Colin C Williams

The aim of this paper is to evaluate critically the hyperglobalist thesis that with the emergence of fund-manager capitalism, hypermobile and homeless capital increasingly roams a borderless world in search of investment opportunities. Drawing upon Standard and Poor’s Micropal data base to analyze financial flows in the mutual fund industries of nine developed market economies, evidence is found of some globally orientated funds as well as more rapid-fire trading, faster fund switching and the disembedding of capital ownership from place and individuals. However, little evidence is found that the apogee of financial globalization - a seamless world of hypermobile and …