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Full-Text Articles in Business

Insider Trading Restrictions And Top Executive Compensation, David J. Denis, Jin Xu Jan 2013

Insider Trading Restrictions And Top Executive Compensation, David J. Denis, Jin Xu

Purdue CIBER Working Papers

The use of equity incentives is significantly greater in countries with stronger insider trading restrictions, and these higher incentives are associated with higher total pay. These findings are robust to alternative definitions of insider trading restrictions and enforcement, and to panel regressions with country fixed effects. We also find significant increases in top executive pay and the use of equity-based incentives in the period immediately following the initial enforcement of insider trading laws. We conclude that insider trading laws are one channel through which cross-country differences in pay practices can be explained.


Experiments To Measure The Effects Of Timber Harvesting Equipment On Surface Lithic Scatters, Douglas J. Baughman Jan 2013

Experiments To Measure The Effects Of Timber Harvesting Equipment On Surface Lithic Scatters, Douglas J. Baughman

All Master's Theses

The importance of cultural resource preservation cannot be overstated; however local economies are at least as important. Due to conservative archaeological site protection practices in Region 5 of the United States Forest Service, the economy of Northeastern California is being adversely affected. In an attempt to help the Forest Service make more informed management decisions and improve the Northeastern California economy, I undertook experiments on the effects of timber harvesting on lithic scatters on Modoc National Forest. The experiments involved placement of 225 glass tiles (proxy lithics) in each of three plots subject to vehicle traffic and log dragging by …


The Danger Of Difference: Tensions In Directors’ View Of Corporate Board Diversity, Kimberly D. Krawiec, John M. Conley, Lissa L. Broome Jan 2013

The Danger Of Difference: Tensions In Directors’ View Of Corporate Board Diversity, Kimberly D. Krawiec, John M. Conley, Lissa L. Broome

Faculty Scholarship

This Article describes the results from fifty-seven interviews with corporate directors and a limited number of other persons (including institutional investors, search firm personnel, and the like) regarding their views on corporate board diversity. It highlights numerous tensions in these views. Most directors, for instance, proclaim that diverse boards are good, but very few directors can articulate their reasons for this belief. Some directors have suggested that diverse boards work better than non-diverse boards, but gave relatively few concrete examples of specific instances where a female or minority board member made a special contribution related to that director’s race or …


Hong Kong's Economic Freedom And Income Inequality, Emmett Choy Jan 2013

Hong Kong's Economic Freedom And Income Inequality, Emmett Choy

CMC Senior Theses

Hong Kong is considered to be the most economically free country in the world, but also has the highest amount of income inequality of any developed country. The Hong Kong government is able to sustain laissez faire policies due to its monopoly on land supply. Maintaining high property values allows the government to maximize revenue from property tax, which acts as a hidden tax. A major contributor to income inequality is the formation of oligopolies in Hong Kong that creates an anticompetitive environment. The interests of the government and oligarchs are aligned as both obtain significant portions of revenue from …


Engines Of Change: China's Rise And The Chinese Auto Industry, Huston Middlesworth Jan 2013

Engines Of Change: China's Rise And The Chinese Auto Industry, Huston Middlesworth

CMC Senior Theses

The following thesis outlines the Chinese government's push for new-energy vehicles within their auto industry. By giving a history of the Chinese automotive industry and the central planning devices used to push the industry forward, we should develop a more refined understanding as to the direction of China' auto industry in the future.


Corporate Social Responsibility As Corporate Soft Law: Mainstreaming Ethical And Responsible Conduct In Corporate Governance, Eugene K. B. Tan Jan 2013

Corporate Social Responsibility As Corporate Soft Law: Mainstreaming Ethical And Responsible Conduct In Corporate Governance, Eugene K. B. Tan

Research Collection Yong Pung How School Of Law

This article explores corporate social responsibility ("CSR') as a viable mode of regulation and governance in the corporate arena. A starting premise is that good corporate governance must move resolutely beyond a compliance mindset to one which recognises that effective corporate governance must have an ethical backbone in which the dimensions of responsibility, transparency, and accountability are evident, recognised and supported. Regulatory endeavours and corporate governance reforms in the past decade have increasingly intersected with mainstream CSR motivations. CSR is increasingly inducted and mainstreamed into corporate governance thinking, characterised by the dual perspective ofrisk management and values-driven/principled governance and operations. …


Ipos And The Slow Death Of Section 5, Donald C. Langevoort, Robert B. Thompson Jan 2013

Ipos And The Slow Death Of Section 5, Donald C. Langevoort, Robert B. Thompson

Georgetown Law Faculty Publications and Other Works

Since its enactment, Section 5 of the Securities Act of 1933 has restricted sales-based communications with investors, but that effort is nearly dead even with respect to the most sensitive of offerings, the IPO. Our paper traces that devolution, which began almost as soon as the ’33 Act came into existence, though the SEC’s 2005 deregulatory reforms and Congress’ intervention in the JOBS Act of 2012. We show how much of this related to an embrace of “book-building” as the industry’s preferred method of price discovery, which requires private two-way communications between underwriters and potential sophisticated investors. But book-building (and …


0814: C. H. Freeman Collection, 1877-1977, Marshall University Special Collections Jan 2013

0814: C. H. Freeman Collection, 1877-1977, Marshall University Special Collections

Guides to Manuscript Collections

Papers related to the C.H. Freeman estate. Zubah and C.H. Freeman had many investments such as the Yawkey and Freeman Coal Company and the Freeman Estates. This collection contains contract agreements for property purchases of the Estates, a contour map of what seems to be the Freeman’s country residence, and correspondences between Zubah and realtors. This collection also houses some of Zubah’s family documents including old letters, registers of visitors from Klingel-Carpenter Mortuary, and Paul and Ricky Ray’s basketball documents.


Foreword, Robert J. Rhee Jan 2013

Foreword, Robert J. Rhee

Journal of Business & Technology Law

No abstract provided.


Teaching Citizens United V. Fec In The Introductory Business Associations Course, Michael D. Guttentag Jan 2013

Teaching Citizens United V. Fec In The Introductory Business Associations Course, Michael D. Guttentag

Journal of Business & Technology Law

No abstract provided.


Teaching Business Law Through An Entrepreneurial Lens, Michelle M. Harner Jan 2013

Teaching Business Law Through An Entrepreneurial Lens, Michelle M. Harner

Journal of Business & Technology Law

The legal market has changed. Although change creates uncertainty and fear, it also can create opportunity. This essay explores the opportunity for innovation in the business law curriculum, and the role of simulation to help create more practice-aware new lawyers.


Teaching Business Associations Law In The Evolving New Market Economy, Joan Macleod Heminway Jan 2013

Teaching Business Associations Law In The Evolving New Market Economy, Joan Macleod Heminway

Journal of Business & Technology Law

No abstract provided.


Strengthening Financial Reporting: An Essay On Expanding The Auditor’S Opinion Letter, James D. Cox Jan 2013

Strengthening Financial Reporting: An Essay On Expanding The Auditor’S Opinion Letter, James D. Cox

Faculty Scholarship

Users of financial statements, foremost of which are investors, have a voracious appetite for information that better enables them to assess the financial position and performance of the reporting firm. Even though financial statements purport to address their needs, because the statements, which are prepared by the firm’s managers, conceal a range of managerial estimates, assumptions, judgments, and choices, investors are deprived of the most fundamental kernel of information they seek, namely the overall quality of the financial reports themselves. In this Article, the author sets forth several modest steps that would enhance the overall quality of financial reporting by …


Understanding Causation In Private Securities Lawsuits: Building On Amgen, James D. Cox Jan 2013

Understanding Causation In Private Securities Lawsuits: Building On Amgen, James D. Cox

Faculty Scholarship

With Amgen, the Supreme Court’s majority once again holds that inquiry into the alleged market impact of a misrepresentation is not required to invoke fraud on the market approach to causation so that the class can be certified. Rather than just leaving matters where they have been since the Supreme Court’s muddled encounter with causation in Basic Inc. v. Levinson, the Supreme Court’s most recent decision appears to relax some earlier-held tenets with respect to markets believed sufficiently efficient for fraud on the market to be invoked. This Article not only identifies the central flaw of Basic that has over …


Lawyers In The Shadows: The Transactional Lawyer In A World Of Shadow Banking, Steven L. Schwarcz Jan 2013

Lawyers In The Shadows: The Transactional Lawyer In A World Of Shadow Banking, Steven L. Schwarcz

Faculty Scholarship

This article examines how the role of transactional lawyers should change in the new world of shadow banking. Although transactional lawyers should consider the potential systemic consequences of their client's actions, their actions should be tempered by their primary duties to the client and by their responsibilities to the l,egal system more broadly.


International Conventions And The Failure Of A Transnational Approach To Controlling Asian Crime Business, Mark Findlay, Nafis Hanif Jan 2013

International Conventions And The Failure Of A Transnational Approach To Controlling Asian Crime Business, Mark Findlay, Nafis Hanif

Research Collection School of Social Sciences

The paper argues that without a realistic understanding of criminal enterprise located against the commercial forces shaping contemporary Asian market contexts, then domestic, bi-lateral, regional and international control initiatives are not only likely to fail in their regulatory objectives, but the premises on which they are constructed may heighten the market conditions for crime business profitability.The international convention-based approach to regulating transnational and organized crime is the framework from which a critique of non-market centred law enforcement control concentrations is developed. This critique reveals the transposition of flawed normative control considerations from domestic to supra-national control contexts, and shows how …


Power Relationships And Authentic Organisational Learning : Daring To Break The Silence On Meaningful Dialogue In Policing Organisations, Lindsay B. Garratt Jan 2013

Power Relationships And Authentic Organisational Learning : Daring To Break The Silence On Meaningful Dialogue In Policing Organisations, Lindsay B. Garratt

Theses: Doctorates and Masters

The 21st century presents great opportunities and threats for business: national and global markets are demanding high performance, innovation, creativity, and flexibility. Public sector organisations are continually asked to do more with less, with equal if not greater efficiency and creativity demands as the private sector. Organisational learning is a concept touted as an important and necessary strategy for organisations to keep pace with the rapid changing global environment that now plays host to opportunities as well as great economic and social volatility. However the reality for many is that they become proficient at the kind of organisational learning that …


Composite Ordinal Forecasting In Horse Racing - An Optimization Approach, Alan Tse, Chan-Ieong Chan Dec 2012

Composite Ordinal Forecasting In Horse Racing - An Optimization Approach, Alan Tse, Chan-Ieong Chan

UNLV Gaming Research & Review Journal

Using horse racing data in Hong Kong as an example, this paper looks into the properties of an optimization model for making composite ordinal forecasts based on minimization of the absolute error of the joint distribution of the errors of twelve forecasters of race outcomes. It was found that the optimization model is not only sound theoretically, but it is also robust, and can handle situations when data are sparse.


A Typology Of Technology Applications To Expedite Gaming Productivity, Leslie E. Cummings Dec 2012

A Typology Of Technology Applications To Expedite Gaming Productivity, Leslie E. Cummings

UNLV Gaming Research & Review Journal

No abstract provided.


Competing Forces In Sustainable Gambling: Towards A Balanced Approach, Nerilee Hing Dec 2012

Competing Forces In Sustainable Gambling: Towards A Balanced Approach, Nerilee Hing

UNLV Gaming Research & Review Journal

Social responsibility in gambling is increasingly becoming both a policy issue for governments and industries, and a management issue for gambling operators. While many legalized commercial gambling operators adopt a purely economic orientation to their business, non-profit, charity gambling operators tend to focus on the social benefits of their activities. This paper argues that neither a purely economic nor social orientation to gambling is sustainable in the long-term, but that a balance between the two is needed. A well accepted model of corporate social responsibility is adapted to illuminate the competing forces at work in achieving sustainable gambling, and to …


Commercial Casino Gaming In The United States: A Jurisdictional Analysis Of Gaming Taxes, Licenses, And Fees, Darren A. Prum, Shannon Bybee Dec 2012

Commercial Casino Gaming In The United States: A Jurisdictional Analysis Of Gaming Taxes, Licenses, And Fees, Darren A. Prum, Shannon Bybee

UNLV Gaming Research & Review Journal

No abstract provided.


A Market Analysis Of The Family Market In Las Vegas, Lawrence Dandurand Dec 2012

A Market Analysis Of The Family Market In Las Vegas, Lawrence Dandurand

UNLV Gaming Research & Review Journal

The family market in Las Vegas is controversial. However, it already exists. It represents 8 percent of the total Las Vegas visitor market. Empirical data, based on a random sample of2,400 visitors to Las Vegas, are analyzed to provide information relevant to business strategy and public policy development. Research findings indicate significant differences between the family market and other markets.


A Bit Of History: Nevada Gambling Legalized Dec 2012

A Bit Of History: Nevada Gambling Legalized

UNLV Gaming Research & Review Journal

We are referring to the original legislation not the current status of the law.


Research Note: Forecasting Macau's Gaming Revenue And Its Seasonality, Ipkin Anthony Wong Dec 2012

Research Note: Forecasting Macau's Gaming Revenue And Its Seasonality, Ipkin Anthony Wong

UNLV Gaming Research & Review Journal

The gaming literature has identified a number of factors that have driven the growth of Macau's casino industry. At the same time, however, questions remain as to future prospects for the growth of the enclave's gaming revenue- and specifically, whether this type of growth can be sustained. A forecast of Macau gaming revenue and an examination of its seasonality can assist scholars and practitioners alike in developing a better understanding of seasonal variation (a significant consideration in the volatile world of gaming) and the future outlook of the world gambling capital. The objective of this article is to investigate these …


Prohibitions And Policy In The Global Gaming Industry: A Genealogy And Media Content Analysis Of Gaming Restrictions In Contemporary Russia, Pavel V. Vasiliev, Bo Bernhard Dec 2012

Prohibitions And Policy In The Global Gaming Industry: A Genealogy And Media Content Analysis Of Gaming Restrictions In Contemporary Russia, Pavel V. Vasiliev, Bo Bernhard

UNLV Gaming Research & Review Journal

In an era of widespread gaming expansion, Russia's recent decision to contract its gaming industry stands out as a global anomaly. This article explores factors informing the 2009 restriction of gambling venues in Russia to four remote zones. After a brief discussion of gambling prohibition history across cultures, a genealogical analysis of the origins and development of gaming laws in Russia follows. The authors then use a qualitative content analysis technique to examine the rationales for this contraction that were expressed in Russian news outlets between 2003 and 2010 - the period when the new restrictions were debated, voted on, …


Increasing Chinese Tourist Gamblers In Macao: Crucial Player Characteristics To Identify And Exploit, Penny Yim King Wan Dec 2012

Increasing Chinese Tourist Gamblers In Macao: Crucial Player Characteristics To Identify And Exploit, Penny Yim King Wan

UNLV Gaming Research & Review Journal

Casinos are today considered major tourist attractions and are a strategic component in the development of a tourism destination. Tourist gamblers are an important market segment providing a reliable source of revenue for casinos. It is necessary to understand the characteristics of these gamblers and to design services and products that cater for their needs. In this study a survey of 402 Chinese tourist gamblers indicated that they have distinctive characteristics, gambling motivations, behaviors and preferences that must be considered and catered to for depth of understanding and devising ways to attract, keep and increase these important customers. Management and …


Analyzing The Trends In Gaming-Based Tourism For The State Of Nevada: Implications For Public Policy And Economic Development, William R. Eadington Dec 2012

Analyzing The Trends In Gaming-Based Tourism For The State Of Nevada: Implications For Public Policy And Economic Development, William R. Eadington

UNLV Gaming Research & Review Journal

Gaming revenue trends for Nevada's three major gaming markets- Las Vegas Strip, Reno-Sparks, and South Lake Tahoe-are examined over the past two decades. The Las Vegas Strip had been characterized by cyclical growth from 1990 until 2007, but the Great Recession had dramatic adverse impacts on revenues and employment. Apparent recovery in 2010 was driven largely by baccarat revenues, but they are not likely to be sustainable in the long term. For South Lake Tahoe, deterioration of its core tourism business has been taking place since 1990, but has accelerated since the beginning of the Great Recession and the opening …


Estimating The Ability Of Gamblers To Detect Differences In The Payback Percentages Of Reel Slot Machines: A Closer Look At The Slot Player Experience, Anthony F. Lucas, Ashok K. Singh Dec 2012

Estimating The Ability Of Gamblers To Detect Differences In The Payback Percentages Of Reel Slot Machines: A Closer Look At The Slot Player Experience, Anthony F. Lucas, Ashok K. Singh

UNLV Gaming Research & Review Journal

The results of play on 60 different computer simulated reel slots challenge the widely held theory that frequent slot players are able to detect changes in a slot machine's house advantage as slight as 1 to 2%. These findings affect the formulation of critical and capital-intensive customer retention strategies and brand positioning campaigns within the gaming industry. An overwhelming majority of 10,000 virtual players were not able to reject the hypothesis of equal payback percentages after playing both a 3% game and a 12% game (i.e., a 400% increase in the house advantage). This result held across three levels of …


A Mathematical Approach For Optimizing The Casino Slot Floor: A Linear Programming Application, Kasra C. Ghaharian, Ashok K. Singh Dec 2012

A Mathematical Approach For Optimizing The Casino Slot Floor: A Linear Programming Application, Kasra C. Ghaharian, Ashok K. Singh

UNLV Gaming Research & Review Journal

The gaming literature has identified a number of factors that have driven the growth of Macau's casino industry. At the same time, however, questions remain as to future prospects for the growth of the enclave's gaming revenue- and specifically, whether this type of growth can be sustained. A forecast of Macau gaming revenue and an examination of its seasonality can assist scholars and practitioners alike in developing a better understanding of seasonal variation (a significant consideration in the volatile world of gaming) and the future outlook of the world gambling capital. The objective of this article is to investigate these …


Book Review: Casino Gaming In Atlantic City: A Thirty Year Retrospective, Betty Mcneal Dec 2012

Book Review: Casino Gaming In Atlantic City: A Thirty Year Retrospective, Betty Mcneal

UNLV Gaming Research & Review Journal

No abstract provided.