Open Access. Powered by Scholars. Published by Universities.®
- Institution
-
- Walden University (4)
- Claremont Colleges (3)
- University of Arkansas, Fayetteville (2)
- University of Central Florida (2)
- University of New Hampshire (2)
-
- Washington University in St. Louis (2)
- Georgia State University (1)
- Old Dominion University (1)
- Singapore Management University (1)
- University at Albany, State University of New York (1)
- University of Kentucky (1)
- University of Massachusetts Amherst (1)
- University of Missouri, St. Louis (1)
- University of South Carolina (1)
- University of South Florida (1)
- Publication Year
- Publication
-
- Walden Dissertations and Doctoral Studies (4)
- CMC Senior Theses (3)
- Honors Theses and Capstones (2)
- Olin Business School Electronic Theses and Dissertations (2)
- Dissertations (1)
-
- Dissertations and Theses Collection (Open Access) (1)
- Doctoral Dissertations (1)
- Electronic Theses and Dissertations (1)
- Finance Dissertations (1)
- Finance Undergraduate Honors Theses (1)
- Financial Analyst (1)
- Honors Undergraduate Theses (1)
- Industrial Engineering Undergraduate Honors Theses (1)
- Senior Theses (1)
- Theses and Dissertations in Business Administration (1)
- Theses and Dissertations--Finance and Quantitative Methods (1)
- USF Tampa Graduate Theses and Dissertations (1)
Articles 1 - 24 of 24
Full-Text Articles in Business
Performance Of Actively Managed Exchange Traded Funds, Xuan None Li
Performance Of Actively Managed Exchange Traded Funds, Xuan None Li
Olin Business School Electronic Theses and Dissertations
Investors who want access to active asset management can choose to invest in actively managed exchange traded funds (AMETFs), actively managed non-transparent ETFs (ANETFs) or mutual funds. Three major differences of AMETFs, ANETFs and mutual funds are the venues funds are traded on, tax liabilities, and disclosure requirements. This paper exploits the 2019 SEC rulings on ETFs to study empirically which fund structure for active asset management delivers the best return performance and explores what are the driving forces behind the superior performance. I find that for equity funds, AMETFs is associated with 0.158% lower monthly returns than mutual fund, …
Does Firm Payout Behavior Serve As A Signal For Future Profitability?, Michael Colangelo
Does Firm Payout Behavior Serve As A Signal For Future Profitability?, Michael Colangelo
CMC Senior Theses
In this paper I explore the potential signaling capability that payout behavior, in the forms of dividends and share repurchases, has on the profitability of a firm. To do so, I analyze the relationship that dividends paid, share repurchases, and total payout have with asset turnover, return on assets, and EBITDA margin across different time structures. Next, I aim to understand if there is a significant differential impact of negative payout growth compared to positive payout growth, on the growth of the same performance measures above. I found that an increase in share repurchases and total payout both lead to …
Performance Of Actively Managed Exchange Traded Funds, Xuan None Li
Performance Of Actively Managed Exchange Traded Funds, Xuan None Li
Olin Business School Electronic Theses and Dissertations
Investors who want access to active asset management can choose to invest in actively managed exchange traded funds (AMETFs), actively managed non-transparent ETFs (ANETFs) or mutual funds. Three major differences of AMETFs, ANETFs and mutual funds are the venues funds are traded on, tax liabilities, and disclosure requirements. This paper exploits the 2019 SEC rulings on ETFs to study empirically which fund structure for active asset management delivers the best return performance and explores what are the driving forces behind the superior performance. I find that for equity funds, AMETFs is associated with 0.158% lower monthly returns than mutual fund, …
Exploring The Impact Of Stock Market Performance On The Real Estate Market, Jake Taylor
Exploring The Impact Of Stock Market Performance On The Real Estate Market, Jake Taylor
Finance Undergraduate Honors Theses
This paper goes on to analyze the impact of stock market performance on the real estate market. This is done through the analysis of the recent performance of the stock market, real estate market, and key indicators of both markets. The goal of this paper is to inform the reader of potential trends in the real estate market based on key indicators that play a large role in the stock market’s performance in order to make more knowledgeable investments.
How Could Venture Capitalists Improve Their Performance At Fund Management Level Via Better Allocating Their Financial And Human Capitals - A Cross-Fund Approach, Fei Han
Dissertations
Venture capitalists’ performance has been studied at the levels of portfolio company and fund. But no similar study at the fund management entity level has been documented. This study fills in the gap to examine the drivers of the venture capitalists’ performance at the fund management entity level. This study uses the capital allocation theory to develop five hypotheses on its performance. Each of them embodies an aspect of the feature of capital allocation in the venture capital investment process. With an expanded concept of capital for capital allocation, this study examines the allocation of both the financial capital and …
Optimization Of Financial Performance In E-Commerce, Ishmael Fleming
Optimization Of Financial Performance In E-Commerce, Ishmael Fleming
Walden Dissertations and Doctoral Studies
Financial performance is a challenge for business managers in the e-commerce industry that lack the knowledge to meet their operational objectives consistently. Business managers are concerned with poor financial performance due to the adverse impact on business sustainability. Grounded in total quality management theory, the purpose of this quantitative correlational study was to examine the relationship between working capital management (WCM), operating expense ratio (OER), and e-commerce financial performance. Archival data were collected from 107 small- to medium-sized publicly traded e-commerce businesses headquartered in the United States from 2019 to 2021. The results of the multiple linear regression were significant …
Relationship Between Working Capital Management, Strategies, And Performance Of Nigerian Manufacturing Firms, Ayebainasuoton Francis Alagoa
Relationship Between Working Capital Management, Strategies, And Performance Of Nigerian Manufacturing Firms, Ayebainasuoton Francis Alagoa
Walden Dissertations and Doctoral Studies
Many Nigerian manufacturing firms have faced working capital management anomalies due to concerns of balancing profitability and liquidity that led to most business failures. To remain competitive corporate managers and business leaders of manufacturing firms need to operate optimally in working capital by understanding the association between working capital management (WCM), working capital strategy (WCS), and performance. Using the cash conversion cycle theory as the linchpin, the purpose of this quantitative correlational study was to examine the relationship between WCM, WCS, and performance. The study utilized secondary financial data spanning 2014 to 2018 from a random sample of 54 publicly …
Are Female Executives Receiving Adequate Capital Financing? An Analysis Of Gender Disparity On Venture Capital Funding, Lina Aluzri
CMC Senior Theses
This paper examines the inequalities that exist between male and female CEO’s and other top executives by analyzing the effect of gender diversity when it comes to venture capital funding and firm performance. Building off of previous research, I focus on three major areas. First, I utilize data from 2016 to 2018 found in PitchBook and Wharton Research Data Services (WRDS). Second, I explore the effect of firm performance prior to funding on the amount of capital received. Third, I narrow down the analysis of firms to 364 companies that were once venture capital backed and have successfully exited with …
Healthcare Stocks And Presidential Elections, Jake Yennaco
Healthcare Stocks And Presidential Elections, Jake Yennaco
Honors Theses and Capstones
In this study I examine the impact presidential elections have had on health care stock returns. Through my own data collection and analysis, I sought to examine the performance of stocks across election cycles in addition to the performance of healthcare stocks across election cycles. Using data from 1998-2019 I find that 1.) In election years, the stock market underperforms relative to non-election years; 2.) Healthcare stocks underperform the broader market during election years; 3.) The impact on healthcare stocks is consistently poor in election years yet contained to only that year; 4.) The Presidential Election Cycle, stating that stocks …
Essays On Investments, Michael Farrell
Essays On Investments, Michael Farrell
Theses and Dissertations--Finance and Quantitative Methods
The first chapter studies mutual funds. I model intraquarter trading and use a genetic algorithm to estimate the trade pattern that is most consistent with the fund's daily reported returns. I validate the model empirically on a sample of institutional trades from Ancerno and I confirm that the method more accurately predicts daily holdings when compared to existing naive assumptions. Further, my method is substantially more accurate in classifying a fund's tendency to supply liquidity, and this increased precision has important implications for identifying superior performing funds. Specifically, a long-short strategy based on the model's liquidity provision measures earns significant …
Retail Employee Motivation And Performance, Angela Michelle Addair
Retail Employee Motivation And Performance, Angela Michelle Addair
Walden Dissertations and Doctoral Studies
Retail industry leaders seek effective strategies to improve employee motivation to increase levels of workforce productivity. The purpose of this single case study was to explore the strategies successful retail industry leaders used to motivate their employees to achieve higher levels of workforce productivity. The conceptual framework for the study was Vroom's expectancy theory of motivation. The research participants consisted of 2 retail store managers from the same retail store located in southeastern mid-Atlantic region of the United States who successfully motivated their employees. Data collection consisted of semistructured interviews, direct observation, and review of company documents. Data analysis included …
Effective Resource Utilization In Arkansas Public Schools, Ryan Sanders
Effective Resource Utilization In Arkansas Public Schools, Ryan Sanders
Industrial Engineering Undergraduate Honors Theses
Teacher pay in Arkansas public schools varies widely from district to district across the state. This pay discrepancy is driven by both the funds available to a district and by how these funds are allocated. There is a standard per student budget given to districts across the state, but this budget can be supplemented by additional property taxes collected on property within a district. This leaves districts with more highly valued property at an advantage. Districts are free to allocate their budget for teacher pay as they see fit, with constraints on number of students per teacher and minimum teacher …
A Study On The Impact Of Technological Advancement On Community Bank Performance, Andre Ong
A Study On The Impact Of Technological Advancement On Community Bank Performance, Andre Ong
Honors Undergraduate Theses
This study investigates the impact of technological advancement in community bank lending, more specifically, how online financial product and service offerings affect community banks' performance. Community banks, institutions with assets under $1 billion are praised as relationship banking specialists, are important source of credit to individuals and businesses. Their productive performance is highly beneficial for the economic development of the communities and customers that they serve, yet community banks' competitive power against large banks has become increasingly more challenging. Technological advancements radically shift all production and service based industries, including the banking industry and its institutions' offerings. The increasing use …
Active Vs. Passive Management: The Elusiveness Of Alpha To The Modern Hedge Fund, Robert Wesley Long Jr
Active Vs. Passive Management: The Elusiveness Of Alpha To The Modern Hedge Fund, Robert Wesley Long Jr
Senior Theses
The goal of this thesis stated off with one question: are hedge funds worth the fees? This seemed like it would simple to answer, but the measurement of hedge fund performance turned out to be far more complex than one would imagine. The first complexity that became apparent was the bias to overly weight returns as a measure of performance. This is the simplest metric to comprehend and universally can be understood by investors. It seems like common sense that the fund with the highest return would be the best investment opportunity. But this rush to judgment often overlooks other …
The Impact Of Leverage On Hedge Fund Performance, Wansoo Choi
The Impact Of Leverage On Hedge Fund Performance, Wansoo Choi
Financial Analyst
In this paper, the effect of leverage on hedge fund performance is measured. TASS data from 1994 to 2016 are used to measure the impact of leverage on hedge fund performance. Three hedge fund performance measurements are regressed on degree of leverage with eight control variables including fund size, strategies, and use of derivatives. The results show that for strategyadjusted return as a performance measurement, hedge fund leverage has a negative impact on fund performance. Also there is evidence of diseconomies of scale where funds with medium-sized assets under management (AUM) tend to show better performance than funds with high …
Gender Effects In Hedge Funds Performance, Karen Yoke Wah Gan
Gender Effects In Hedge Funds Performance, Karen Yoke Wah Gan
Dissertations and Theses Collection (Open Access)
This paper shows that after controlling for total risks (as funds do not typically hold a completely large diversified portfolio) across different funds, female-managed funds appear to perform better in certain circumstances. For example, female-managed hedge funds perform better during post-crisis times, for investments using the Relative Value Style and also when investments are in the Asia excluding Japan region. However, there are still many conditions in which male-managed funds seem to perform better. Namely, male-managed funds performed significantly positive in the Relative Value, Security Selection, and Multiprocess Styles, notably during the pre-crisis period and also when investments are in …
Essays On The Impact Of Ceo Gender On Corporate Policies And Outcomes, Nilesh Sah
Essays On The Impact Of Ceo Gender On Corporate Policies And Outcomes, Nilesh Sah
USF Tampa Graduate Theses and Dissertations
In the first essay I examine the cash policies of female-led firms. Recent research finds that female CEOs eschew riskier corporate policies, but it makes contradicting claims whether this is due to risk aversion. Benchmarking risk aversion by the management of firms’ cash, I find that female CEOs are risk averse relative to male CEOs. Specifically, they hold significantly (18%) more cash, even for the same level of dividend payout as male CEOs. Further, they have significantly higher speed of adjustment for cash deficits, are more likely to use excess cash to increase dividends, but are equally likely to use …
International Venture Capital Firms Syndication And Performance: A Social Network Perspective, Amir Pezeshkan
International Venture Capital Firms Syndication And Performance: A Social Network Perspective, Amir Pezeshkan
Theses and Dissertations in Business Administration
Despite a growing body of research on venture capital firms, the process by which venture capital firms invest across borders remains unclear. This three-essay dissertation integrates the literature on venture capital firms, social network theory, and international alliances to examine following research questions: 1) How do network characteristics (i.e., structure and composition) of the international venture capital firms and their potential partners impact their syndication behavior? 2) What configurations of the ventures' and the international venture capital firms' attributes is associated with syndication in emerging markets? and 3) Does the host country influence the international venture capital firms' syndication behavior …
Examining The Relationship Between Selected Ratios And Market Capitalization Of An Ipo, Michael Wayne Donaldson
Examining The Relationship Between Selected Ratios And Market Capitalization Of An Ipo, Michael Wayne Donaldson
Walden Dissertations and Doctoral Studies
This study examined the relationship between return on equity (ROE) and return on assets (ROA), the business sector, and long-term performance of new firms 5 years after the initial public offer (IPO) date. IPOs have a high rate of delisting from stock exchanges, and understanding possible predictors of long-term performance will benefit business owners and investors. The purpose of this study was to determine if ROE and ROA are predictors of long-term performance of IPOs on U.S. stock exchanges. The research question examined whether there is a statically significant relationship between the ROE, ROA, business sector, and market capitalization of …
Three Essays On Hedge Funds, Liping Qiu
Three Essays On Hedge Funds, Liping Qiu
Doctoral Dissertations
In Essay 1, we find that, on average, hedge funds decrease leverage prior to the beginning of the financial crisis, with leverage remaining below the pre-crisis levels. We also find that younger funds with lower current leverage and stricter fund governance are more likely to increase leverage following favorable performance; funds exposed to higher risk, higher management fee and higher current leverage tend to delever. Managers increase leverage in order to enhance future performance following superior returns only to be disappointed. We find mixed evidence on the performance difference between levered and unlevered funds, but levered funds do survive longer. …
Us Real Estate Investment Performance: 1983-2012, John F. Kerrigan
Us Real Estate Investment Performance: 1983-2012, John F. Kerrigan
Honors Theses and Capstones
This study provides an overview of real estate investment performance over a 1983-2012 time period. The results show that although equity REITs outperformed all other assets on average annual return, on a risk-adjusted basis both private retail and apartment real estate outperformed all other assets. The study also found a recent trend in increased correlation between common stocks and REITs.
Performance Of The Indian Banking Industry Over The Last Ten Years, Saumya Lohia
Performance Of The Indian Banking Industry Over The Last Ten Years, Saumya Lohia
CMC Senior Theses
This paper analyzes the performance of Indian banks over the period of the last ten years. It uses the CAMEL Framework to determine the performance of public and private banks in India. The paper also conducts an empirical analysis to determine the share price performance of Indian banks relative to the share price performance of banks in Hong Kong, Europe and the US. This paper finds that private banks perform better than public banks overall based on the CAMEL Framework. In addition it also finds that the Indian banks share price performance is dependent on the share price performance of …
Do Mutual Fund Managers Have Superior Skills? An Analysis Of The Portfolio Deviations From A Benchmark, Jean-Francois Guimond
Do Mutual Fund Managers Have Superior Skills? An Analysis Of The Portfolio Deviations From A Benchmark, Jean-Francois Guimond
Finance Dissertations
By construction, actively managed portfolios must differ from passively managed ones. Consequently, the manager’s problem can be viewed as selecting how to deviate from a passive portfolio composition. The purpose of this study is to see if we can infer the presence of superior skills through the analysis of the portfolio deviations from a benchmark. Based on the Black-Litterman approach, we hypothesize that positive signals should lead to an increase in weight, from which should follow that the largest deviations from a benchmark weight reveal the presence of superior skills. More precisely, this study looks at the subsequent performance of …
The Pricing And Performance Of Convertible Preferred Stock Offerings Following Issuance, Vitaly S. Guzhva
The Pricing And Performance Of Convertible Preferred Stock Offerings Following Issuance, Vitaly S. Guzhva
Electronic Theses and Dissertations
This dissertation is a comprehensive study of convertible-preferred-stock pricing and performance following issuance. It is the first major academic study that identifies significant abnormal performance of corporate contingent claims following issuance. The research utilizes both option-based contingent claims valuation models and econometric techniques to investigate the sources of superior investment performance of convertible securities as an asset class that has persisted for the past thirty years. Two main issues are examined: potential underpricing of convertible preferred stocks at issuance and their subsequent investment performance. Underpricing is examined based on a robust contingent-claims valuation model. Using two samples of convertible preferred …