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Loyola University Chicago

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2015

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Articles 1 - 15 of 15

Full-Text Articles in Business

The Impact Of Large-Scale Asset Purchases On The S&P 500 Index, Long-Term Interest Rates And Unemployment, Anastasios G. Malliaris, Ramaprasad Bhar Nov 2015

The Impact Of Large-Scale Asset Purchases On The S&P 500 Index, Long-Term Interest Rates And Unemployment, Anastasios G. Malliaris, Ramaprasad Bhar

School of Business: Faculty Publications and Other Works

After the bankruptcy of Lehman Brothers in September 2008 and the financial panic that ensued, the Federal Reserve moved rapidly to reduce the federal funds rate to .25%. It was quickly judged that additional measures were needed to stabilize the US economy. Beginning in December 2008, the Federal Reserve Bank initiated three rounds of unconventional monetary policies known as quantitative easing (QE). These policies were intended to reduce long-term interest rates when the short-term federal funds rates had reached the zero lower bound and could not become negative. It was argued that the lowering of longer-term interest rates would help …


How Risky Are Your Lease Vs. Buy Decisions?, Thomas Zeller, Brian Stanko, Andrew D. Tressler Oct 2015

How Risky Are Your Lease Vs. Buy Decisions?, Thomas Zeller, Brian Stanko, Andrew D. Tressler

School of Business: Faculty Publications and Other Works

Adding risk analysis to your lease vs. buy analytics can make the decision process more involved, but it is worth the effort strategically. To accomplish this, you need to create a comparable analysis that estimates the risk in a lease vs. buy decision. With a few additional steps in the present value analytics, you can develop comparable information to capture the risk of one option over another and manage expectations.


Do Size And Value Premia Vary Across Industry And Market Conditions? Evidence From The Euro Area, Maher Asal, Abolhasson Jalilvand, Lars Rolseth Jul 2015

Do Size And Value Premia Vary Across Industry And Market Conditions? Evidence From The Euro Area, Maher Asal, Abolhasson Jalilvand, Lars Rolseth

School of Business: Faculty Publications and Other Works

This paper investigates whether value and size premia exist in the Euro area's industry returns and, if so, what factors are driving them. We use a Garch-M (1, 1) model on daily retum data from the STOXX market indices for five major industries in the euro area. Our findings show that an industry-specific three-factor Fama and French type model does provide a robust explanation of returns over the period, 2001 -2012. While, our results further emphasize the widespread influence of the value and size effects in the Euro market, the pattern, sign, size, and significance of these factors vary widely …


Environmental Ethics: Theory And Implications For Marketing, Raymond Benton Jr. Jun 2015

Environmental Ethics: Theory And Implications For Marketing, Raymond Benton Jr.

School of Business: Faculty Publications and Other Works

Many marketers recognize they have obligations toward the non-human world, obligations that are not fully understood. This chapter sheds light on how such marketers can justify their own feelings and persuade others. The chapter begins with the historical rise of environmental consciousness before discussing the two most influential of the Western ethical theories: Kantianism and utilitarianism. It then discusses their shortcomings before moving on to the sentimentalist approach to ethics that comes down to us from David Hume and Adam Smith. A direct line from the sentimentalist approach is drawn to the environmental/ecological ethics of Aldo Leopold. Much is left …


Transforming Impossible Into Possible (Tip): A Group Work Model In Workforce Development, Philip Young P. Hong Jun 2015

Transforming Impossible Into Possible (Tip): A Group Work Model In Workforce Development, Philip Young P. Hong

Social Work: School of Social Work Faculty Publications and Other Works

This presentation introduces a newly developed social work group intervention model in workforce development. Transforming Impossible into Possible (TIP) program empowers participants to develop self-awareness, confidence, hope, goal-orientation, leadership, accountability, conscientiousness, and grit, it is anticipated that it improves both employment and retention outcomes.


War, Civil Unrest, Failed States, And Other Extreme Threats To Marketing Systems, Clifford J. Shultz, Samer Abdelnour Jun 2015

War, Civil Unrest, Failed States, And Other Extreme Threats To Marketing Systems, Clifford J. Shultz, Samer Abdelnour

School of Business: Faculty Publications and Other Works

Well-functioning markets and marketing systems are intended to enhance and to sustain the survivability and security of societies and the people who comprise them (e.g., Fisk 1967; Layton 2007; McMillen 2002; Shultz 2007; Wilkie and Moore 1999; World Bank 2014). For myriad reasons – natural or human-induced cataclysms and resource scarcity to list a few examples – marketing systems sometimes are disrupted or fracture (e.g., Shultz 1997; in press). This can have profound and often horrific effects on individuals, families, communities, countries, regions, and occasionally – at least twice in the form of two World Wars – global upheaval. The …


The Fifa World Cup: Analyses And Interpretations Of The World’S Biggest Sporting Spectacle, Clifford J. Shultz, Rodrigo Castilhos, Andres Alberto Barrios Fajardo, Bruno Grbac, Andreas Chatzidakis, Alexander Nill, Almir Peštek Jun 2015

The Fifa World Cup: Analyses And Interpretations Of The World’S Biggest Sporting Spectacle, Clifford J. Shultz, Rodrigo Castilhos, Andres Alberto Barrios Fajardo, Bruno Grbac, Andreas Chatzidakis, Alexander Nill, Almir Peštek

School of Business: Faculty Publications and Other Works

This special session assembles scholars from various countries with keen interests in the marketing and societal dynamics of the world’s most popular sporting spectacle, the FIFA World Cup. It builds on a stream of research in, for example, ethology (e.g., Morris 1981) economics (e.g., Kuper and Szymanski 2014) consumer behavior (e.g., Shultz 1998; Tavassoli, Shultz and Fitzimons 1995), marketing (e.g., Shultz et al. 2010) and macromarketing (Shultz and Burgess 2011) that explores the systemic complexities of this enormous, global extravaganza and the extent to which it benefits and/or harms myriad players, fans, local and global consumers, companies, governments, societies and …


Devastation And Rebirth: A Longitudinal Study Of Bosnia’S Arizona Market, With Implications For Markets, Marketing And Society, Ruzica Brecic, Clifford J. Shultz, Katherine Sredl, Natasa Renko Jun 2015

Devastation And Rebirth: A Longitudinal Study Of Bosnia’S Arizona Market, With Implications For Markets, Marketing And Society, Ruzica Brecic, Clifford J. Shultz, Katherine Sredl, Natasa Renko

School of Business: Faculty Publications and Other Works

In this presentation, we share findings from a longitudinal study—twenty years and counting—on the role of Arizona in the war and the peace in this highly contested region of Bosnia. Data were/are collected via site observations and retrospective interviews to explore the emergence of entrepreneurship in Brčko, Bosnia before, during and after the war. A synthesis and assessment of findings led to the exploration of the ways that the terms of Dayton and the implementation of Dayton by NATO IFOR, Task Force Eagle, 1st Armored Division (November and December 1995) and 1st Infantry Division (1996-2004), US Army, contributed to the …


World Cup 2014: Macromarketing Views From Croatia, Clifford J. Shultz Jun 2015

World Cup 2014: Macromarketing Views From Croatia, Clifford J. Shultz

School of Business: Faculty Publications and Other Works

309 World Cup 2014: Macromarketing Views from Croatia Bruno Grbac, University of Rijeka, Croatia Clifford Shultz, Loyola University Chicago, USA This extended abstract is an abriged version of a longer document articulating a study on the effects of the FIFA World Cup, an organizationally, financially, economically and politically demanding quadrennial sporting spectacle that affects billions of global citizens. This reality raises questions about the effects of the World Cup on the marketing system of the host country and the participating countries, as well as institutions and people in them. As a step toward sharing insights the authors analyzed secondary data …


Challenges And Opportunities For Development Of Sustainable Tourism In Bosnia And Herzegovina, Clifford J. Shultz, Almir Peštek, Eve Geroulis Jun 2015

Challenges And Opportunities For Development Of Sustainable Tourism In Bosnia And Herzegovina, Clifford J. Shultz, Almir Peštek, Eve Geroulis

School of Business: Faculty Publications and Other Works

An examination of the challenges of sustainable tourism in Bosnia and Herzegovina.


Board Governance, Seeking Best In Class: Perspectives From Chief Executive Officers Serving As Academic Trustees, Donna Blanchard Curin Ed.D. May 2015

Board Governance, Seeking Best In Class: Perspectives From Chief Executive Officers Serving As Academic Trustees, Donna Blanchard Curin Ed.D.

Loyola University Chicago Administration Publications

This study addressed the convergence of academic and corporate board governance practices. The qualitative description case study was conducted through interviews with chief executive officers (CEOs) who also served as academic trustees. The purposive sample of chief executive officers represented six colleges and universities located in the Midwest and Eastern states in the USA, and they embodied diversity in terms of gender and race. The interview approach brought to the fore the perspectives of the participants themselves comparing the two board governance models. Board meetings are convened behind closed doors, and the interviews allowed the researcher to glean the best …


What Drives Gold Returns? A Decision Tree Analysis, Anastasios G. Malliaris, Mary Malliaris Mar 2015

What Drives Gold Returns? A Decision Tree Analysis, Anastasios G. Malliaris, Mary Malliaris

School of Business: Faculty Publications and Other Works

The behavior of gold as an investment asset has been researched extensively. For the very long run, that is several decades, gold does not outperform equities. However, for shorter periods, gold responds to fears of inflation, stock market corrections, currency crises, and financial instabilities very vigorously. In this paper we follow a decision tree methodology to investigate the behavior of gold prices using both traditional financial variables such as equity returns, equity volatility, oil prices, and the euro. We also use the new Cleveland Financial Stress Index to investigate its effectiveness in explaining changes in gold prices. We find that …


Managing For Resilience: Lessons From Ecology, Nancy E. Landrum, Ray Dybzinski, Amina Smajlovic, Brian M. Ohsowski Jan 2015

Managing For Resilience: Lessons From Ecology, Nancy E. Landrum, Ray Dybzinski, Amina Smajlovic, Brian M. Ohsowski

School of Environmental Sustainability: Faculty Publications and Other Works

Understanding and developing resilience is becoming increasingly important in business for both leaders and organizations. Resilient organizations can successfully navigate uncertainty and change. Resilience, however, is a poorly understood attribute. We thus turn to ecosystem resilience theory to understand the concept of resilience. We identify four lessons that can be adapted from management for ecological resilience to management for business resilience: 1) resilience can be positive or negative depending on the nature of the function it supports, 2) diversity of individuals, departments, flows of information, perspective, and other attributes contributes to resilience, 3) because we have imperfect knowledge about the …


Quantitative Easing And The U.S. Stock Market: A Decision Tree Analysis, Anastasios G. Malliaris, Mary Malliaris, Ramaprasad Bhar Jan 2015

Quantitative Easing And The U.S. Stock Market: A Decision Tree Analysis, Anastasios G. Malliaris, Mary Malliaris, Ramaprasad Bhar

School of Business: Faculty Publications and Other Works

The Financial Crisis of 2007-09 caused the U.S. economy to experience a relatively long recession from December 2007 to June 2009. Both the U.S. government and the Federal Reserve undertook expansive fiscal and monetary policies to minimize both the severity and length of the recession. Most notably, the Federal Reserve initiated three rounds of unconventional monetary policies known as Quantitative Easing. These policies were intended to reduce long-term interest rates when the short term federal funds rates had reached the zero lower bound and could not become negative. It was argued that the lowering of longer-term interest rates would help …


Is There Merit In Merit Pay? A Survey Of Reward Professionals, K. Dow Scott, Rena Somersan, Brian Repsold Jan 2015

Is There Merit In Merit Pay? A Survey Of Reward Professionals, K. Dow Scott, Rena Somersan, Brian Repsold

School of Business: Faculty Publications and Other Works

No abstract provided.