Business Commons^™

The Implications Of Sovereign Wealth Fund Investment On Capital Markets: A Bottom-Up View, David Fernandez

Research Collection Lee Kong Chian School Of Business

The buzz around sovereign wealth funds has been turned down a notch, but they remain a hot topic. The accusations of sovereign wealth funds having hidden agendas remain, but with the very public losses suffered by some during the recent financial turmoil, such talk has even less credibility. And given that most of those losses were from investments in US, UK, and European financial institutions, hope that sovereign wealth funds would be the saviors of Wall Street has also faded. At its base, four trends continue to keep sovereign wealth funds in focus. First, there is the phenomenal rise of …

Relation-Specific Creative Performance In Voluntary Collaborations: A Micro-Foundation For Competitive Advantage?, Terence Ping Ching Fan, Duncan Robertson

Research Collection Lee Kong Chian School Of Business

A fundamental question in the strategy literature is how sustainable competitive advantage can be generated within one firm and yet difficult to copy by another. We offer one solution to this conundrum by way of relation-specific performance that is developed in creative projects – where the individuals involved have significant latitude on the intended objectives as well as their collaborators on these projects. Because higher-level cognition is involved in navigating such projects from conception to implementation, there is heightened relation-specificity in their performance – as measured by how widely they are adopted by third-party users. This relationspecificity means that any …

Mountain Monitor-1st Quarter 2011, Mark Muro, Kenan Fikri, Jonathan Rothwell

Mountain Monitor Quarterly

The pace of economic recovery slowed in the large metros of the Intermountain West in the first quarter of 2011. Widespread but slowing output growth was coupled with much slower improvement in the labor market, where for the first time the region’s unemployment rate edged above the nation’s. The weight of a still-depressed housing market slowed recovery further. Overall, the differing courses of the region’s 10 major metro economies since the beginning of the recession can be characterized by relatively strong bouncebacks to the north and east of the region and more sluggish and protracted slogs to the south and …

On Fractionally Integrated Logistic Smooth Transitions In Time Series, Olanrewaju I. Shittu, Yaya S. Olaolua

CBN Journal of Applied Statistics (JAS)

Long memory and nonlinearity are two key features of some macroeconomic time series which are characterized by persistent shocks that seem to rise faster during recession than it falls during expansion. A variant of nonlinear time series model together with long memory are used to examine these features in inflation series for three economies. The results which compares favourably with that of van Dijk et al. (2002) elicit some interesting attributes of inflation in the developed and developing economies.

Best Linear Unbiased Estimate Using Buys-Ballot Procedure When Trend-Cycle Component Is Linear, Ifeanyi S. Wueze, Nwogu C. Eleazar, Jude C. Ajaraogu

CBN Journal of Applied Statistics (JAS)

The Best linear unbiased estimate (BLUE) of Buys-Ballot estimates when trend-cycle component is linear are discussed in this paper. The estimates are those proposed by Iwueze and Nwogu (2004). Discussed are the Chain Based Estimation (CBE) method and the Fixed Based Estimation (FBE) method. The variates for the CBE method were found to have constant mean and variance but are correlated with only one significant autocorrelation coefficient at lag one. The variates for the FBE method were found to have constant mean, non-constant variance but with constant autocorrelation coefficient at all lags . Because the CBE variates exhibit stationarity, Best …

Robust Linear Classifier For Unequal Cost Ratios Of Misclassification, Oludare S. Ariyo, A O. Adebanji

CBN Journal of Applied Statistics (JAS)

This paper focuses on the robust classification procedures when the assumption of equal cost of misclassification is violated. A normal distribution based data set is generated using the Statistical Analysis System (SAS) version 9.1. Using Barlett’s approximation to chi-square, the data set was found to be homogenous and was subjected to three linear classifiers namely: Maximum Likelihood Discriminant Function (MLDF), Fisher’s linear Discriminant Function and Distance Based Discriminant Function. To Judge the performances of these procedures, the Apparent Error Rates for each procedure is obtained for different cost ratios 1:1, 1:2, 1:3, 1:4 and 1:5 and sample sizes 5:5, 10:10, …

Global Financial Meltdown And The Reforms In The Nigerian Banking Sector, Sanusi L. Sanusi

CBN Journal of Applied Statistics (JAS)

The paper examined the global financial meltdown and the reforms in the Nigerian banking sector. It was a public speech by the formal Governor of the Central Bank of Nigeria that observed the extent and severity of the crisis that began with the bursting of the housing bubble in the United States in August 2007 reflects the confluence of myriad of factors some of which are familiar from previous crises, while others are new. As in previous times of financial turmoil, the pre-crisis period was characterized by (i) surging asset prices that proved unsustainable; (ii) a prolonged credit expansion leading …

Does That Pay Practice Really Have Any Impact?, Kevin F. Hallock

Economics Faculty Publications

Few organizations take the time to credibly study whether some pay, benefits, work-life balance or other total rewards practices have any impact on the organizations' bottom line or employee outcomes like productivity or turnover. It's too difficult to do well, organizations don't actually want to know the answer, and/or organizations don't have the know-how or time. One successfully executed, evidence-based study of a new compensation practice is Safelite AutoGlass. Edward Lazear compared the productivity change worker by worker, for only those employees present under both pay arrangements. Lazear found that not only did productivity increase after the change from hourly …

The Family And Medical Leave Act: Effects On Women's Wages And Employment, Andrea E. Miller

Honors Theses

For many years, women's labor force participation and issues of parental leave have been of great importance not only to families and individuals, but also to policy makers, researchers, and employers alike. The Family and Medical Leave Act was the first federal policy enacted in an effort to accommodate medical leave for employees. The Family and Medical Leave Act allowed both men and women to take extended, unpaid leaves due to personal or family medical and health issues. The FMLA establishes a federal, minimum leave threshold in order for employees to take such an extended leave to include the following …

Recommendations For Economic Development In Guadalupe, Ca, Larissa Requa Heeren

Master's Theses

It is recommended that the City of Guadalupe prepare and implement a small-scale business expansion and retention program using existing service providers in the area.  This type of program model seems to hold the most potential for Guadalupe. A mixed-methods approach including in-depth cases studies of existing economic development programs and an analysis of opportunities and constraints in Guadalupe informs a set recommendations for future economic development in the City. Data was collected in three phases: short interviews with a variety of economic development program staff, short interviews with Guadalupe business owners and City officials and in-depth interviews with staff …

Knots Of Knowledge: How Community-Based Organizations Advance Social Change, Jennifer Cohen

Graduate Doctoral Dissertations

Building on existing literature and research that identify nonprofits as agents of democracy, this research explores how community-based organizations (CBOs) advance social change. Strategically placed to improve social and economic security for individuals, families, and communities, CBOs have unique characteristics, successes, and challenges. The study seeks to understand, document, and apply these in building theories for use by practitioners, academics, public officials, and people living the experiences that public policies address. The research articulates a new model of social change, wherein individual transformation, organizational growth, community strengthening, and public policy work together in dynamic and complementary spheres.

The methodology is …

2011 June, Office Of Communications & Marketing, Morehead State University.

Morehead State Press Release Archive, 1961 to the Present

Press releases for June 2011.

Bank Efficiency In Selected Asean Countries : Does Size Matters?., Loh Han Chuen

Student Works (2010-2019)

This thesis focuses on assessing the bank efficiency and productivity in selected ASEAN countries to determine the relationship between the bank size and bank efficiency. By employing banks from 4 different developing countries in ASEAN countries, namely, Malaysia, Philippines, Thailand and Vietnam, a two-stage non-parametric technique incorporating non-discretionary variable is used in building the model. The data set obtained to fulfil this study is based on 74 banks located in the 4 different countries over the period of 2005 to 2009. Based on the input and output variables, a bank specific variable which is the bank size determined by the …

Using Monte Carlo Simulations To Establish A New House Price Stress Test, James R. Follain, Seth H. Giertz

Department of Economics: Faculty Publications

The focus of this paper is on the house price stress test (termed ALMO) that was designed to assess the fiscal strength of Fannie Mae and Freddie Mac and, if necessary, to trigger remedial action in order to avert a crisis. We assess whether the ALMO stress test was an adequate representation of an extremely weak housing market, given the best available information leading up to the Great Recession. A Monte Carlo simulation model is developed to estimate the severity of low probability events (i.e., severe house price declines). We illustrate the complexity and subjective nature of the process used …

Adverse Selection And Corporate Governance, Charlie Charoenwong, David K. Ding, Vasan Siraprapasiri

Research Collection Lee Kong Chian School Of Business

This paper examines the impact of corporate governance on the adverse selection component of the bid-ask spread of stocks listed on the Singapore Exchange. These companies have been identified by Credit Lyonnais Securities Asia (CSLA) with the highest level of corporate governance among 25 emerging markets. We measure corporate governance by several criteria: discipline, transparency, independence, accountability, responsibilities, fairness, and social awareness. The results show that corporate governance has an inverse relationship with adverse selection. However, only the transparency dimension exhibits a significant inverse relationship with adverse selection. In addition, Government-Linked Companies (GLCs) are shown to have a smaller adverse …

An Empirical Study On Volatility In The Malaysian Stock Market., Suppayah Sinakalai

Student Works (2010-2019)

The financial market turmoil in 2007 and 2008 has crept into the world economy leading to a credit crunch. Most studies have focused on the impact on lending activities, capital adequacy and bank supervision. However this study attempts to focus on the effect of credit crunch on the Malaysian Banking Industry in respect to risk of bank failure following the collapse of Bear Stearns, Lehman Brothers, and Washington Mutual. This is crucial as money and credit markets are important sources of capital for banks. In a credit crunch where risk premiums have reached abnormally high levels in both markets, it …

A Macro Perspective To Micro Issues, Devasheesh P. Bhave, Stephane Brutus

Research Collection Lee Kong Chian School Of Business

Comments on an article by Elaine D. Pulakos and Ryan S. O'Leary. The authors argue that bringing the focus on the relationship between the manager and the employee will mend performance management. We concur with the broad assessment that an excessive focus on technical improvements in performance management systems is misplaced and that implementation issues plague performance management. But we believe that poor implementation is an operational challenge not because of the practice itself but rather on account of misalignment. They also allude to a consideration of alignment. They also glosses over the issue of internal alignment or the fact …

The Use Of Role-Player Prompts In Assessment Center Exercises, Eveline Schollaert, Filip Lievens

Research Collection Lee Kong Chian School Of Business

So far, a substantial amount of assessment center (AC) studies have aimed to improve the quality of the AC method by focusing on the assessors. However, systematic studies about the role-player in AC exercises are nonexistent. This is surprising as the role-player might serve as a key figure for consistently evoking job-relevant behavior across candidates. Therefore, this study focused on the 'role' of role-players in ACs. We examined the effects of instructing role-players to use prompts among 233 candidates. Results suggest that role-players are able to use prompts and that their negative impact on candidates' reactions is negligible. In addition, …

Effect Of Credit Crunch On Banking Institutions In Malaysia., Anita Neelakandan

Student Works (2010-2019)

This study aims to analyse time series data from Bursa Malaysia to assess volatility. Daily closing data for an eleven-year period between 2000 and 2010 from the Bloomberg datastream was used for analysis. The data retrieved was for a single benchmark index (KLCI) and other main sector indices. The data analyses were done using EViews software (student version) which has the ability to perform ARCH/GARCH framework analysis. A normal distribution (Gaussian) model was used for analysis. Initial investigation focused on examining the existence of the stylised facts of financial time-series data from Bursa Malaysia. The common stylised facts examined were …

The Pace Eportfolio As Educational Passport: Enhancing Students' Interdisciplinary, Co-Curricular And Experiential Learning, Beth Klingner, Linda Anstendig

Cornerstone 3 Reports : Interdisciplinary Informatics

No abstract provided.

Planting Seeds For An Improved Agrifood System? Linking The Aims Of The Alternative Agrifood Movement To Executive Action In The First Two Years Of The Obama Administration, K. Glowa, Sarah Carvill, Costanza Rampini

Faculty Publications, Environmental Studies

This paper uses several case studies to look at the dialogic relationship between the Obama administration and the alternative agrifood movement. We evaluate the case studies based on criteria developed from the agroecology literature and literature on food security, agrarianism, and the alternative agrifood movement as a whole. Additionally we compare the policy tools utilized and the funding levels of each of the cases. Our findings suggest that the Obama administration is committed to tackling issues of food security and promoting the well-being of small- and mid-scale farmers and their local agrifood economies. Deconsolidation of large agribusiness, equitable trade, and …

A Multilevel Examination Of Proactive Work Behaviors: Contextual And Individual Differences As Antecedents, Travis P. Searle

Department of Agricultural Leadership, Education, and Communication: Dissertations, Theses, and Student Research

In this study, the process through which individual differences (i.e., proactive personality, psychological empowerment, and servant leader characteristics at level-1) and contextual differences (i.e., servant leadership characteristics at level-2) are antecedents to proactive work behaviors (i.e., problem prevention, individual innovation, voice, and taking charge) was tested. Results indicated that psychological empowerment partially mediated the relationship between proactive personality and individual innovation. Psychological empowerment fully mediated the relationship between proactive personality and taking charge. Proactive personality was indirectly related to problem prevention, via psychological empowerment. Psychological empowerment was directly related to voice. In addition, servant leader characteristics at level-1 were positively …

The Federal Imd Exemption And Cost-Shifting, Todd Rainey

Mahurin Honors College Capstone Experience/Thesis Projects

Anecdotal evidence suggests that the Federal IMD exclusion has resulted in states opting to shift costs to the government by enacting inefficient Medicaid programs in order to gain federal reimbursement. The claim of “cost-shifting” relies on the assumption that state programs are inefficient – that is, that their Medicaid programs are less effective at reducing incarceration rates (as a metric for failure to properly treat) than their psychiatric hospitals. Literature in the Public Health, Psychiatric, and Criminal Justice fields was surveyed in order to determine relevant factors to be included in the model. Model variables include factors which contribute to …

The Organizational Creativity Actualization Model: A Book Proposal, Russell Schneck

Creativity and Change Leadership Graduate Student Master's Projects

This project consists of a book proposal, including two sample chapters, that provides a vision for how organizations can effectively use creativity and creative thinking to address the rapid escalation of complexity. The working title for the book is: The Creativity Organization: Responding to the Challenges and Opportunities of Complexity. The book will explore the organizational development requirements and programs necessary to transform an organizational culture so that it will consistently and sustainably develop and support creativity. At the foundation of this discussion is the Organizational Creativity Actualization Model (OCAM). This model considers organizational creativity as a system of …

Do Travelers Support Green Practices And Sustainable Development, Patrick Tierney, Mercedes Hunt, Pavlina Latkova

Journal of Tourism Insights

A 2007 survey of managers from RCRA members found strong motivational support for green practices. These and other findings suggest there is broad support for green practices among resort managers. However, it is unclear the level of traveler support for eco-friendly practices. Study objectives were to: Investigate consumers’ attitudes toward environmentally responsible or green practices in the travel industry; identify green practices they’ve undertaken while traveling; explore factors influencing traveler adoption of green practices; and provide implications for the travel industry. In spring 2008 an intercept survey of travelers visiting the California Welcome Center at Pier 39 in San Francisco, …

Examining The Use Of Rv Travel Forums For Campground Searches, Jill Fjelstul, Kimberly Severt

Journal of Tourism Insights

The aim of the present study is to explore how RV travelers use online travel forums in their campground search. The identification of such variables will assist campground owners and operators in their marketing strategies, competitive positioning, and improving the overall experience for the RV traveler at their chosen campground and destination.

Enabling Environment For Entrepreneurship, Ishrat Husain Dr.

Faculty Research - Talks, Speeches, & Discourse

This morning I would like to divide my remarks in three parts. First, I would like to point out four mega trends – both global and national – which are going to shape the environment for business and enterprises in the future. Second, I would like to recount the main impediments that are constraining the growth of entrepreneurship in Pakistan. Finally, I would present the key elements of an enabling environment that would be conducive for the growth of entrepreneurship.

An Examination Of Unwritten Rule Development In Men’S Ice Hockey, Joshua M. Lupinek

Master's Theses

This research study sought to better understand at what point in the player development process did aspiring professional hockey players learn of, as well as consent to, ice hockey’s unwritten rules.  How this process occurred was also under examination.  While some research had been conducted relative to the development of unwritten rules within sport, little research to date had focused on ice hockey’s unwritten rules and none had focused on the factors associated with their development.  Research in other sport areas has indicated that knowledge and consent of unwritten rules is expected in the development of a professional athlete.  As …

Conflict Management Education In Medicine: Considerations For Curriculum Designers, Jeffery Kaufman

Online Journal for Workforce Education and Development

It is important to address conflict in the medical field for a variety of reasons ranging from reducing turnover to increasing the quality of care received by patients. One way to assist with the management of medical conflict is by teaching resolution techniques to medical personnel. There is an opportunity for conflict management curriculum to address many of the issues facing physicians, administrators, staff and patients, however, it is also necessary for those developing that curriculum to understand the nature of the environment and appropriate conflict management tools to be used in that environment as part of the design process. …

Customer Satisfaction Index Of Singapore 2011: Q1 Results, Institute Of Service Excellence, Smu

Research Collection Institute of Service Excellence (2007-2024)

The Customer Satisfaction Index of Singapore (CSISG), currently in its fifth year of measurement, is an indicator of the quality of goods and services produced in the Singapore economy. CSISG complements production-based measures such as Gross Domestic Product (GDP) by providing an assessment from the buyers’ point of view. Both types of measures are necessary as economic growth hinges not only on producing more, but producing better products and services.