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Articles 1 - 9 of 9
Full-Text Articles in Business
S Corporation Current Developments, Annette M. Nellen, S. S. Karlinsky
S Corporation Current Developments, Annette M. Nellen, S. S. Karlinsky
Faculty Publications
No abstract provided.
Unobserved Ability, Efficiency Wages, And Interindustry Wage Differentials, Mckinley L. Blackburn, David Neumark
Unobserved Ability, Efficiency Wages, And Interindustry Wage Differentials, Mckinley L. Blackburn, David Neumark
Faculty Publications
One competitive-market explanation of interindustry wage differentials that is not challenged by the persistence of these differentials is that they are due to differences across workers in unobserved ability or quality. In contrast, this paper explores the unobserved ability hypothesis by using test scores as error-ridden indicators of ability, and family background variables as instruments.This approach avoids two potential problems with using first-difference methods to remove omitted-ability bias from wage equation estimates of industry effects the exacerbation of measurement error from misclassification of industry, and selectivity with respect to industry changes. However, this approach may introduce other problems, for two …
Some Evidence On The Empirical Significance Of Credit Rationing, Allen N. Berger, Gregory F. Udell
Some Evidence On The Empirical Significance Of Credit Rationing, Allen N. Berger, Gregory F. Udell
Faculty Publications
This paper examines the credit rationing debate using detailed contract information on over one million commercial bank loans from 1977 to 1988. While commercial loan rates are "Sticky," consistent with rationing, this stickiness varies with loan contract terms in ways that are not predicted by equilibrium credit rationing theory. In addition, the proportion of new loans issued under commitment does not increase significantly when credit markets are tight, despite the fact that borrowers without commitments can be rationed whereas commitment borrowers are contractually insulated from rationing. Overall, the data suggest that equilibrium rationing is not a significant macroeconomic phenomenon.
Liquidity Costs And Stock Price Response To Convertible Security Calls, Michael A. Mazzeo, William T. Moore
Liquidity Costs And Stock Price Response To Convertible Security Calls, Michael A. Mazzeo, William T. Moore
Faculty Publications
Firms' announcements to call in-the-money convertible securities for redemption essentially force their conversion into common stock, and such announcements are generally met with significant reductions in the calling firms' equity values. An explanation based on liquidity costs is advanced and tested. The explanation implies that investors who choose to sell their shares early in the conversion period bear liquidity costs by selling at reduced prices. Consistent with the explanation, the average share price decline is short-lived, lasting most of the conversion period. Thus, a component of the call announcement effect appears to be due to liquidity costs.
An Attributional Analysis Of Resistance To Group Pressure Regarding Illicit Drug And Alcohol Consumption, Randall L. Rose, William O. Bearden, Jesse E. Teel
An Attributional Analysis Of Resistance To Group Pressure Regarding Illicit Drug And Alcohol Consumption, Randall L. Rose, William O. Bearden, Jesse E. Teel
Faculty Publications
This article investigates the role of attributional thinking in generating resistance to pressures toward conformity in the illicit consumption of drugs and alcohol. The results of four studies regarding how conformity influences illicit drug and alcohol consumption among high school and college students are reported. In study 1 more than two-thirds of the respondents reported concern for the implications of their own dissent or compliance regarding the reactions of their peers. Study 2 demonstrated a significant relationship between high school students' attributional thinking concerning a peer group's illicit beer consumption and conformity, expressed as intentions to drink the beer. In …
Sbi Intervention: An Old Problem- A New Perspective, William T. Jackson, George S. Vozikis, Emin Babakus
Sbi Intervention: An Old Problem- A New Perspective, William T. Jackson, George S. Vozikis, Emin Babakus
Faculty Publications
This research effort attempted to determine if SB/ intervention would change the perception of business problems by not only the business owner but also the student consultants. This focus further to encompassed firms that could be classified in either Stage I or Stage II of development. Even though there were no changes in perception by student consultants, and mixed results of whether stage development affected perceptual differences, strong support was given to the proposition that owners, overall, did change their perception of existing problems after SBI intervention.
Raw Materials Use By Mississippi Furniture Manufacturers, 1989, Mark A. Glaeser, Steven H. Bullard, Larry Doolittle, Philip Steele
Raw Materials Use By Mississippi Furniture Manufacturers, 1989, Mark A. Glaeser, Steven H. Bullard, Larry Doolittle, Philip Steele
Faculty Publications
Mississippi's furniture industry has grown rapidly in recent years and now ranks nationally in production of specific types of furniture. Furniture pmducers in the state use many types of wood and nonwood raw materials. Raw materials expenditures were almost $330 million for 92 firms that responded to a 1989 survey. The survey included upholstered and nonupholstered furniture producers as well as hardwood dimension and frame producers. Substantial amounts of these raw materials were obtained from suppliers within the state.
Upholstered Expenditures: What U.S. And Canadian Consumers Plan To Spend On Upholstered Furniture, Gary M. Kellum, Eric J. Todd, Steven H. Bullard
Upholstered Expenditures: What U.S. And Canadian Consumers Plan To Spend On Upholstered Furniture, Gary M. Kellum, Eric J. Todd, Steven H. Bullard
Faculty Publications
Approximately 48 percent of U. S. households and 54 percent of Canadian households plan to buy some form of upholstered furniture in the near future. According to a recent survey, spending plans differ somewhat between U. S. and Canadian consumers, however. American consumers, for example, favor less expensive sofas, loveseats, and recliners, while Canadians prefer less expensive upholstered rockers and stationary chairs. Overall, Canadian households plan to spend more for each individual item than U. S. households.
Learn Audit Selection Rules From Data: A Genetic Algorithms Approach, David P. Greene, Rayman D. Meservy, Stephen F. Smith
Learn Audit Selection Rules From Data: A Genetic Algorithms Approach, David P. Greene, Rayman D. Meservy, Stephen F. Smith
Faculty Publications
The construction of expert systems typically require the availability of expertise that can be modeled. However, there are many important problems where no expertise exists, yet there is a wealth of data indicating results in different situations. Machine learning algorithms attempt to discover rules which capture the regularities that exists in such data.