Business Commons^™

A Nonparametric Method For Pricing And Hedging American Options, Guiyun Feng, Guangwu Liu, Lihua Sun

Research Collection Lee Kong Chian School Of Business

In this paper, we study the problem of estimating the price of an American option and its price sensitivities via Monte Carlo simulation. Compared to estimating the option price which satisfies a backward recursion, estimating the price sensitivities is more challenging. With the readily-computable pathwise derivatives in a simulation run, we derive a backward recursion for the price sensitivities. We then propose nonparametric estimators, the k-nearest neighbor estimators, to estimate conditional expectations involved in the backward recursion, leading to estimates of the option price and its sensitivities in the same simulation run. Numerical experiments indicate that the proposed method works …

Order On Georgia-Pacific's Motion And Memorandum To Exclude Damages (Ezgreen Assoc. Llc), John J. Goger

Georgia Business Court Opinions

No abstract provided.

2013-12-06 General Education Council Meeting Minutes, Morehead State University. Faculty Senate., General Education Council.

Faculty Senate Records

General Education Council meeting minutes from December 6, 2013.

Lindenwood University To Host Grant Writing Workshop, Lindenwood University

Archived Lindenwood Press Releases

No abstract provided.

2013-12-05, Morehead State Board Of Regents

Morehead State Board of Regents Agenda Books and Meeting Minutes

No abstract provided.

The Awesome Responsibility Of Leadership (Chicago), C. William Pollard

C. William Pollard Papers

In this address at the University of Chicago's Booth Graduate School of Business, Pollard reflects on the need for servant leadership among corporate managers. Such leadership, he contends, will be rooted in faith and oriented to the holistic development of those the organization employs.

Agenda: The Ymca Groundbreaking Celebration For The New Winston Family Ymca, First Coast Ymca

Florida Blue Archives Printed Materials

No abstract provided.

Introducing Target Into Singapore, Yealim Ko

Senior Honors Theses

The global business trends point to international expansions with corporations increasingly turning to emerging markets for new opportunities to grow and create new sources of revenues. While the BRIC countries including Brazil, Russia, India, and China remain at the center of attention from global industries, the surrounding countries in Asia including Japan, South Korea, Malaysia, and Singapore emerge as potential markets because although smaller in size, the surrounding countries with fast growing economy and consumer demand for foreign goods suggest large profit potentials. Considering the increasing trend of going abroad in the retail industry (S&P, 2013), the paper is an …

'To Change Is To Learn And To Learn Is To Change', Bob Porter

UCF Forum

“To change is to learn and to learn is to change.” That was often the advice given to me by my mentor in life, Lew Treen, a war veteran, semi-pro baseball player, high school principal and coach.

Think Your Business Is Ready For Internationalization?, Michael Lee, Michael Wright

Accountancy Faculty Publications and Presentations

Many small and medium-size enterprises that reach a relative saturation point in their domestic market look toward the global stage as a way to grow into a multinational corporation. This is known as internationalization, the process of increasing business involvement in international operations. Internationalization requires considerable resources and coordination, and it is fraught with business risks.

2013-12-02 Meeting Minutes, Morehead State University. Staff Congress.

Staff Congress Records

Staff Congress meeting minutes for December 2, 2013.

2013-12-02 Newsletter, Morehead State University. Staff Congress.

Staff Congress Records

Staff Congress newsletter for December 2, 2013.

Subsidizing Non-Polluting Goods Vs. Taxing Polluting Goods For Pollution Reduction, Robert S. Main

Scholarship and Professional Work - Business

Pigovian taxes on polluters are politically unpopular, but subsidies for non-polluting sources are politically attractive. This paper presents a linear demand and supply model and numerical example to explore the trade-offs between taxing polluting sources of a good versus subsidizing non-polluting sources of the same good. While the model (along with the associated numerical example) shows the optimality of Pigovian taxes, it also shows how much welfare is reduced if subsidies for nonpolluters are employed instead. Further, it shows the optimal tax, given any level of subsidy and the optimal subsidy, given any level of tax.

December 2013, Inland Empire Business Journal

Inland Empire Business Journal

News and Features

The Good Ol’ Boy Decline: 8 Tips to Help Women

Take Over the C-Suite Vickie Milazzo argues that

every coporation can benefit from a touch of estrogen

and the feminine qualities associated with it. The

almost constant changes to the way we communicate,

interact, innovate, and do business are setting up an

opportunity-filled future for women. . . . . . . . . . . . . . . 9

Knowledge ISN’T Power: How to Stop Gathering

Info, Weighing the Evidence, Chasing New Ideas….

and Just Execute Already! Moran and Lennington’s

new book, “The 12 Week …

Metropolitan Report - December 2013, Division Of Business And Economic Research, College Of Business Administration, University Of New Orleans

UNO Metropolitan Report

No abstract provided.

Isscm Graduating Cohort, December 2013, Raj Soin College Of Business, Wright State University

ISSCM Master Cohort Posters

Poster congratulating the December 2013 Graduating Cohort from the Master of Science in Logistics and Supply Chain Management Program.

Developing And Teaching The Crisis Communication Course, Mitchell Friedman

Communication Studies

Comer (2010) noted the absence of literature offering guidance to instructors charged with developing standalone courses on crisis management. This article aims to fill this void, relating the author’s experience in developing two crisis communication classes (one offered online, one in a traditional classroom setting). Drawing on 15 years of teaching experience (including single sessions devoted to crisis communication, reputation management, and related issues in public relations and business courses) plus the investigation of scholarly contributions related to the development of such courses, syllabi, and feedback from practitioners who develop and deliver related training, the article delivers the essential components …

Information Systems To Support “Door-Step Banking”: Enabling Scalability Of Microfinance To Serve More Of The Poor At The Bottom Of The Pyramid, Lakshmi Mohan, Devendra Potnis, Steven Alter

Business Analytics and Information Systems

Microfinance provides financial services to the extremely poor who are not served by banks. At the heart of microfinance is microcredit which provides small loans to the unbanked poor to seed small local businesses. Microfinance may help alleviate poverty because access to finance has a positive impact on economic development. The unmet need of the poor for financial services spawned over 11,000 microfinance institutions (MFIs) by 2010, but 90 percent of these MFIs are small with fewer than 10,000 clients. This article presents three case examples of MFIs in India that deployed information systems (IS) to increase the scale of …

An "Interpretary" For The Is Discipline, A Compendium Of Interpretations Of Basic Is Concepts And Methods From Different Theoretical Perspectives, Steven Alter

Business Analytics and Information Systems

This article proposes the development of an "interpretary," a compendium of interpretations of IS concepts and methods from different theoretical perspectives. Such an interpretary would recognize the importance of different theoretical perspectives while also moving toward an organized body of knowledge for the IS discipline. An idealized interpretary can be viewed as a two-dimensional concept interpretation matrix whose cells contain interpretations of specific concepts from specific theoretical perspectives. The first column is a list of important IS concepts. The other columns represent specific theoretical perspectives. Each cell contains an interpretation of a particular concept from a particular perspective Thus, the …

From Resources And Activities To Value For Customers Within Systems Of Service Systems, Steven Alter

Business Analytics and Information Systems

This paper addresses important challenges related to the 2013 SIG-SVC workshop’s theme, “Delivering and Managing Services in Systems of Service Systems.” It provides an operational view of systems of service systems (SOSS) in the form of a new metamodel that significantly extends previous metamodels related to work systems and service systems. An operational view of this type is necessary for understanding and analyzing existing service systems and for designing improvements and new service systems.

The metamodel’s perspective on service and service systems agrees only partially with service dominant logic and other current ideas in service science. The paper starts by …

Characteristics Of Failed U.S. Commercial Banks: An Exploratory Study, Fatima Alali, Silvia Romero

Department of Accounting and Finance Faculty Scholarship and Creative Works

This study uses survival analysis to determine how early the indications of bank failure can be observed. We find that banks with high loan to asset and high personal loan to assets ratios are more likely to survive. Older banks and banks with high real estate and agricultural loans, loan loss allowance, loan charges off and non-performing loans to assets ratio are more likely to fail. It is possible to predict survival functions of <50% for failed banks, 3years or less before failure. Moreover, we find that most of the variables present a behaviour that departs from Benford's Law.

Practical Handling Skills During Road Transport Of Fattening Pigs From Farm To Slaughterhouse: A Brief Review, Bert Driessen, Ester Peeters, Jos Van Thielen, Sanne Van Beirendonck

Transport of Farm Animals Collection

The transport of fattening pigs is characterized by a strong human-animal interaction. Consequent handling is important because of animal welfare, meat quality and matching economic consequences. During road transport, human impact can be divided in different steps: 1) driving pigs from the pens via an alley to the trailer, 2) loading, 3) actual transport, 4) unloading to the lairage, and 5) the final phase driving pigs to the stunning. An inadequate design and a poor condition of the facilities will negatively affect the ease of handling pigs. Because of the consequences, acute stress during transport and slaughter should be minimized …

Vacation Planning And Route Choice, Christine Oschell

Institute for Tourism and Recreation Research Publications

The purpose of this study was to understand the time frame in which decisions are made for vacations and more specifically decisions about driving routes during vacations in Montana. This study examines what factors affect travel route decisions and what specific information sources influence them.

A Longitudinal Comparison Of Course Delivery Modes Of An Introductory Information Systems Course And Their Impact On A Subsequent Information Systems Course, Kathleen Burns, Mimi Duncan, Donald C. Sweeney Ii, Jeremy W. North, William A. Ellegood

College of Business Administration Faculty Works

This paper presents a robust longitudinal comparison of student learning in face-to-face (F2F), online, and hybrid delivery methods of a two-course sequence in information systems, required of all business majors, at a Midwestern land grant university. Student learning was evaluated by delivery method in the introductory first class of the sequence, using an ordered probit regression model of letter grade earned controlling for the effects of other possible explanatory variables. Cumulative grade point average was found to be a consistent determinant in student success, and students were found to have significantly better learning outcomes, as expressed through course grades, in …

North Texas Domestic Partner Benefits Policies, James Wanek, Gundars Kaupins, Malcolm Coco

Management Faculty Publications and Presentations

A challenge facing managers and human resource professionals is determining whether to expand benefits, especially health insurance, beyond employees to other eligible dependents. Immediate family members such as the spouse and/or dependent children of employees are commonly eligible for company sponsored benefits. Among larger companies, unmarried same-sex or opposite-sex domestic partners are more frequently being included as eligible for coverage under employee benefit plans.

The Impact Of The Great Recession On Nevada’S Latino Community, John P. Tuman, David F. Damore, Maria J.F. Agreda

Brookings Mountain West Publications

The emergence of the Great Recession of 2008 had a profound impact in Nevada. The economic downturn generated high unemployment levels and led to turbulence in many sectors, particularly residential home construction and the hospitality industry. In the wake of the crisis, median home prices in Nevada plunged, while the residential foreclosure rate increased and remains one of the highest rates in the country. By 2009, it was evident that a tightening of commercial bank lending for new mortgages, combined with the impact of rising joblessness and plunging housing values, was hampering recovery efforts in the housing sector and Nevada’s …

Using Focus Groups To Understand What New Residents Want And Need In A Community, Randolph Cantrell, Cheryl Burkhart-Kriesel, P. Thares, R. Vogt

Rural Futures Institute: Publications

No abstract provided.

The Internationalization Of Creative Professional Service Firms, Deirdre Mcquillan

Doctoral

The need to understand the internationalization process of the organization is a field of increasing contemporary interest due to greatly intensified trade flows between nations over the last two decades. While traditionally internationalization was generally pursued by manufacturing firms, service organizations, including creative professional service firms (creative PSFs) such as architects now commonly internationalize their activities. However, theory to date continues to focus on traditional manufacturing firms, and while insights relating to service firm internationalization have gained traction over the last decade, theoretical contributions remain fragmented and overlook the particular features of how creative PSFs internationalize. This is despite the …

Major Win Streak, Richard C. Crepeau

On Sport and Society

Two weeks ago the University of Minnesota was defeated 3-2 in hockey by the University of North Dakota. Twenty-two months earlier on February 17, 2012 the University of North Dakota defeated the University of Minnesota in overtime, 2- 1. The next day Minnesota beat North Dakota 5-2 beginning a 62 match winning streak that included two NCAA national championships and one undefeated season of 41 straight wins.

Abusive Online Conduct: Discrimination And Harassment In Cyberspace, Andra Gumbus, Patricia Meglich

WCBT Faculty Publications

Discrimination and harassment that were once committed in real time have now moved to the online environment. Discrimination and harassment on the Internet take many forms and can be more damaging and insidious than the face-to-face forms of abuse. This conceptual paper looks at two types of abusive online conduct that have emerged due to the proliferation of the Internet in our lives: Weblining and cyberbullying. These topics are examined from an ethical perspective with a focus on gender and racial discrimination issues.