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Articles 1 - 12 of 12
Full-Text Articles in Business
Billion Dollar Whale, David Mcclough
Billion Dollar Whale, David Mcclough
The Journal of Economics and Politics
No abstract provided.
The Evolution Of Women In Business: During The Covid-19 Pandemic And Beyond, Carleen Ellerbruch
The Evolution Of Women In Business: During The Covid-19 Pandemic And Beyond, Carleen Ellerbruch
Senior Honors Projects
No abstract provided.
The Propensity To Split And Ceo Compensation, Erik Devos, William B. Elliott, Richard S. Warr
The Propensity To Split And Ceo Compensation, Erik Devos, William B. Elliott, Richard S. Warr
2018 Faculty Bibliography
We analyze the relation between the delta and vega of a chief executive officer’s (CEO) compensation and the propensity of the firm to engage in a split. Controlling for other well-known factors, we find that CEOs with compensation that has higher levels of delta are more likely to split their shares. Furthermore, the choice of split factor is inversely related to delta. Our results are economically significant: for the average (median) firm in our sample, a stock split results in a CEO wealth gain of $4.9 million ($84,000).
Can Investors Benefit From Using Morningstar's Stewardship Grades?, Scott B. Moore, Gary E. Porter
Can Investors Benefit From Using Morningstar's Stewardship Grades?, Scott B. Moore, Gary E. Porter
2017 Faculty Bibliography
Interest in governance led Morningstar to develop a summary measure for mutual fund governance. In contrast to previous work in this area, we focus on whether and how individual investors can use the Stewardship Grade Overall to improve mutual fund selection. We find that regardless of fee structure, top overall governance grade funds impose lower costs on investors regardless of fund investment style. We also find some evidence that choosing funds with the highest stewardship grade may earn positive risk adjusted returns. Stewardship Grade overall may therefore help less sophisticated investors identify better-performing mutual funds.
Corruption And Economic Growth In China: An Emirical Analysis, Nicholas D'Amico
Corruption And Economic Growth In China: An Emirical Analysis, Nicholas D'Amico
Senior Honors Projects
This paper will begin with a review of the relevant literature on corruption and its effect on economic growth, both in general and in China specifically. The following sections will discuss the state of corruption in China and outline China’s historic economic growth since it opened up to the global economy. Next, the methodologies of the empirical study of this paper and a model for measuring the effects of corruption on economic growth will be presented. Finally, the results of this study will be analyzed, followed by a discussion of policy implications as China moves forward in the 21st …
A Comparative Analysis Of The Rationality Of Consensus Forecasts Of U. S. Economic Indicators, David C. Schirm
A Comparative Analysis Of The Rationality Of Consensus Forecasts Of U. S. Economic Indicators, David C. Schirm
Economics & Finance
The purpose of this article is to investigate the rationality of two survey forecasts of selective U. S. macroeconomic performance measures that were widely followed in the financial markets during the 1990-2000 period. The research compares the rationality of survey forecast data from Money Market Services, Inc., and Thomson Financial. This article extends prior research that has evaluated the rationality of Money Market Services data for earlier time periods while also evaluating similar consensus forecast data from Thomson Financial that were widely reported in both Barron's and the Wall Street Journal during the 1990s.
Is The “Dominant Firm” Dominant? An Empirical Analysis Of At&T’S Market Power, Simran K. Kahai, David L. Kaserman, John W. Mayo
Is The “Dominant Firm” Dominant? An Empirical Analysis Of At&T’S Market Power, Simran K. Kahai, David L. Kaserman, John W. Mayo
Economics & Finance
In this article, we estimate the degree of market power held by AT&T in the interstate long-distance market in the postdivestiture period. Our approach makes use of the dominant firm/competitive fringe model to impose the structure needed both to obtain estimates of the relevant structural parameters and to translate these parameters into an estimate of AT&T's residual demand elasticity and associated Lerner index. Because of the continued presence of regulation and other considerations, however, a direct estimation of the residual demand elasticity is not feasible. Consequently, we take a more indirect approach that combines estimation of the elasticity of fringe …
Common Stock Price Effects Of Security Issues Conditioned By Current Earnings And Dividend Announcements, Timothy A. Manuel, Leroy D. Brooks, Frederick P. Schadler
Common Stock Price Effects Of Security Issues Conditioned By Current Earnings And Dividend Announcements, Timothy A. Manuel, Leroy D. Brooks, Frederick P. Schadler
Economics & Finance
The valuation effect of debt and equity issue announcements on stock price varies predictably with the timing of earnings and dividend reports. Issue announcements closely preceding current cash flow signals have more negative valuation effects. Straight debt announcements also have a significantly negative effect on stock price when the offer announcement closely precedes earnings and dividend releases. The evidence is consistent with a separating equilibrium where better performing firms signal superior value by announcing equity offers shortly after dividend announcements. Poorer performers appear to time equity offers just before dividend signals, which in turn are more likely to be negative.
Review Of Long-Wave Rhythms In Economic Development And Political Behavior, By B.J.L. Berry, John C. Soper
Review Of Long-Wave Rhythms In Economic Development And Political Behavior, By B.J.L. Berry, John C. Soper
Economics & Finance
No abstract provided.
Review Of Studies In Public Regulation, By G. Fromm, Frank J. Navratil
Review Of Studies In Public Regulation, By G. Fromm, Frank J. Navratil
Economics & Finance
No abstract provided.
Marginal Stockholders And Implied Tax Rates, Leroy D. Brooks, Charles E. Edwards
Marginal Stockholders And Implied Tax Rates, Leroy D. Brooks, Charles E. Edwards
Economics & Finance
No abstract provided.
Socioeconomic Determinants Of Migration And Level Of Aggregation, Frank J. Navratil, James J. Doyle
Socioeconomic Determinants Of Migration And Level Of Aggregation, Frank J. Navratil, James J. Doyle
Economics & Finance
No abstract provided.