Business Commons^™

Historical Perspectives In Volatility Forecasting Methods With Machine Learning, Zhiang Qiu, Clemens Kownatzki, Fabien Scalzo, Eun Sang Cha

Seaver College Research And Scholarly Achievement Symposium

Volatility forecasting in the financial market plays a pivotal role across a spectrum of disciplines, such as risk management, option pricing, and market making. However, volatility forecasting is challenging because volatility can only be estimated, and different factors influence volatility, ranging from macroeconomic indicators to investor sentiments. While recent works suggest advances in machine learning and artificial intelligence for volatility forecasting, a comprehensive benchmark of current statistical and learning-based methods for such purposes is lacking. Thus, this paper aims to provide a comprehensive survey of the historical evolution of volatility forecasting with a comparative benchmark of key landmark models. We …

Financial Integration And Exchange Market Pressure, Kate Phylaktis, Muhammad Aftab

CBER Conference

This study examines the role of financial integration on exchange market pressure (EMP) across a representative group of forty-two advanced and emerging markets over the period 2000-2019, which covers the global financial crisis, which has heightened monetary and economic policy uncertainty. We use a novel measure of financial integration, namely the uncovered equity return differential versus the US, which is based on the Uncovered Equity Parity and is available at a monthly frequency.

The Financial Well-Being Of Households Through Digital Financial Inclusion: Does Age, And Gender Play Any Role? Evidence From Pakistan, Zahid Bashir, Sabeeh Iqbal, Muhammad Aamir

3rd IBA SBS International Conference 2024

Purpose: The objective of the study is to examine the impact of a system of digital payment as an indicator of financial inclusion on the financial well-being of vulnerable class of Pakistan having no bank account. Additionally, the study investigates the moderating role of age and gender with a special emphasis on the relationship between digital payment, and financial well-being.

Methodology/Design/Techniques: The study uses quantitative data obtained from users of the digital payment system (Jazz Cash, Easy paisa, U-cash, RAAST, mobile banking apps, etc.) through an online research survey across Pakistan. The study tested the hypothesis using the Smart PLS …

The Rocket: Analyzing Rtp (Return To Player), Payoff Distribution And Player Behavior In Crash Games, Mikhail M. Sher, Robert Haywood Scott Iii, Jonathan A. Daigle

International Conference on Gambling & Risk Taking

Abstract

Rocket is a crash game developed by DraftKings, an American publicly traded online casino, sports betting and fantasy sports company. DraftKings Rocket is a game played with a rising rocket. Players must exit the rocket at any point before the rocket crashes. In that case they receive the payoff in accordance to the multiplier of their exit point. If the rocket crashes before the player bails, player’s payoff is 0 (and they lose their bet).

The game boasts an unprecedented 97% RTP (Return to Player). For comparison, Atlantic City casino slots typically have a 91-92% RTP, while Vegas casino …

The Collapse Of Lehman Brothers And The Economic Fallout, Mark Kuykendall, Lauren Leroy

ATU Research Symposium

This research paper analyzes the causes and effects of the bankruptcy of the investment banking company, Lehman Brothers. We examined the economic and financial conditions of the business leading up to the collapse, what they truly were and how that differed from what investors were misled to believe. We will also explain the falsified financial statements and show how they deceived investors, along with the accounting ethics and rules that were violated. We also discussed the economy after the collapse and how it affected not only investors, but others outside the company as well.

Determining The Most Suitable Benchmark(S) For The Liberty University Student Asset Management Fund, Colin Denney, Joseph Engle, Joshua Zody, Luke Perlot, Nathan Corcimiglia, Noah Clark, Quinn Davidson

Liberty University Research Week

Undergraduate

Applied

A Comparison Of Investing Strategies For Individual Investors, Ngoc Hoang

Undergraduate Research Conference

Objective: I compared the performance of three trading strategies to identify if one of them leads to higher ending wealth for the investor.

Federal Project Management: Competitive Grants/Local Federal Aid, Paul Reed, Michael Hopper, Jeremy Bartell

Purdue Road School

Managing more money means having more money to lose. This session will help you identify when a project might lose its eligibility for federal funds. We also explain managing capital projects, including discussions on the new federal act (BIL), competitive grants, federal performance end dates, inactive project funds, and other important factors for managing the federal resources of your projects.

Neutralization Of Fuel Tankering Emissions For Environmental Sustainability, Peter O'Reilly, Maria Petrescu, Fabricio Sulzbacher, Diogo Coutinho

National Training Aircraft Symposium (NTAS)

As aviation has been one of the fastest-growing sources of emissions, this paper explores sustainable solutions in the equation of the economic savings from the fuel tankering practice, in a way it could represent gains of credibility for this industry (Boussauw & Vanoutrive, 2019). The fuel expenses in Brazil have been responsible for the highest operational cost for the airlines and, as a result, there has been an ongoing pursuit of the highest level of efficiency (ANAC, 2019). In this context, this study has been focused on the emerging Brazilian aviation market, and uses primary data collected from three major …

P-07 Covid-19 Pandemic Impact On Church Cash Inflows In Ghana As Moderated By, Williams Kwasi Peprah

Celebration of Research and Creative Scholarship

The coronavirus (COVID-19) pandemic has negatively and positively impacted all sectors of world economies since its inception in the early 2020s. Profit and not-for-profit institutions have had their levels of effects as a result of the worldwide crises. Lockdown measures imposed by governments around the world to curb the spread of the virus had various repercussions on various activities, including churches. Effects of the pandemic on businesses, education, agriculture, and tourism, among others, have received massive highlights in literature. Given this phenomenon, this study sought to ascertain the impact of COVID-19 on church cash inflows. The study used a quantitative …

Unintended Consequences: Impact Of Covid Relief Payments On Families And The Housing Industry, Tami J. Moore, Jared Burgoon

Mountain Plains Business Conference

Proposed as a Panel event exploring the unintended consequences of the Covid Relief Payments made during the pandemic on families, housing, and supply chain.

Ceo Types And Firm Efficiency, Lok Chi Lam

Mountain Plains Business Conference

This paper investigates the connection between CEO types and firm efficiency. I utilize the general ability index (GAI) as a proxy to examine and separate CEO types: generalist CEOs and specialist CEOs. Initially, I applied the pooled ordinary least square on 26,830 firm-year observations to explore the GAI effect on firm efficiency. The finding shows that GAI has a negative impact on firm efficiency. It indicates that CEOs with lower GAI are better at improving firm efficiency; for instance, specialist CEOs are preferable to generalist CEOs. Further analysis of CEO types using the quadrant method supports this result.

A "Russian Romance Scam" Discussion Case Study, Karl Borden

Mountain Plains Business Conference

It should not be a surprise that the increasing ubiquity of online dating and the use of social media generally for romantic liaisons has in turn provided fertile ground for a substantive increase in romantic con games and scams. The Internet Crime Complaint Center of the FBI in 2018 reported that online dating and romance scams was one of the top Internet scams reported with over 18,000 complaints reporting losses of over $362 million. (Whitty, 2015; pp444).

In 2020, this author received a fairly standard “broadcast” email that he immediately recognized as the opening play of a “Honey Pot” scam. …

Financial Wellbeing Of Working Canadians, Michael Ritacco

Undergraduate Student Research Internships Conference

The National Payroll Institute (NPI) conducts an annual survey to measure the financial situation of their members. Using this data, the Financial Wellness Lab (FWL) then analyzes and applies advanced machine learning techniques to gain meaningful insights on the respondents. Of the many areas the FWL investigates regarding this data, the primary focus is identifying similar groups of individuals (clusters), and how these groups differ from one another. Aspects such as financial residency, savings, spending, and debt all play an important role in differentiating between these groups, and also play a role in financial wellbeing. Since this survey has been …

A Psychological Profile Of The Digitized Economy: Who Buys Cryptocurrencies, Nfts, And Meme-Stocks (And Why)?, Nicole Wolfe

Undergraduate Student Research Internships Conference

As the global digital economy continues to grow in interest and financial worth, it is imperative to harvest data to gain early information on this nuanced economy. Already, we have witnessed billions of dollars in losses and wins at the blink of an eye, encouragement to invest from well-known celebrities and politicians, and high anxiety from the newness, power consumption, and potential outcomes of this nuanced system. Stemming from the lack of solid evidence in this emerging field, we hope to gain more insight on the early players and variation within the digitized economy. Similarly, we hope to identify specific …

Deshkan Ziibi Conservation Impact Bond Replication, Si Zhe Yuan

Undergraduate Student Research Internships Conference

Description of the work that I did the summer and its respective outcomes.

Market Efficiency Of Cryptocurrency: Long Term Memory Effect In Bitcoin Trading, Zartashia Hameed, Saima Wazir

3rd IBA SBS International Conference 2024

Cryptocurrency market has attracted interest of both researchers and investors. It is a comparatively newer mode of transactions; therefore, both the agents are interested in the movement of these currencies in terms of volatility and profit. This research makes an effort to examine these phenomena with the help of long-range memory in the Bitcoin market using Generalized Hurst exponent methodology. For this purpose, the daily dataset spanning from 26^th August 2010 to 19^th April 2018 is collected, prepared and analyzed. Findings reveal interesting facts that the Hurst exponents for almost every year are above 0.5, and the long-range …

The Correlation Of Winning And Money-Baseball, Jacob Bowman

Scholars Day Conference

This presentation over my thesis examines the feasibility of using statistics to predict win values for major league baseball. Definite correlations were discovered between a Major League organization’s finances and on-field performance. Stated correlations are used to generate a predictive model that will predict on-field outcomes. Using regression analysis, such a model is construed, and successfully predicted win ratios for Major League Baseball organizations using only available past financial data.

Branding, Internationalization And Performance Of Restaurant Chains, Saarthak Bhatia, Joel Smith

Symposium of Student Scholars

Every year, restaurant companies try and find new and innovative ways to grow their business. Many companies look towards creating new brands and expanding internationally as a means of achieving this goal but do multibranding and the scope of internationalization (number of countries) have an influence on the firm performance of restaurant companies? We dive into this by looking at data from over 100 publicly traded companies to see what the results show.

The examination period for this study was 1997 to 2019. Data for 2013-2019 is still being collected. Sample selection started with 118 publicly traded restaurant firms listed …

The Role Of Politics And Corruption In The Rise Of The African Firm, Wedu Ketema, Howard Jean-Denis

Seaver College Research And Scholarly Achievement Symposium

Many African businesses lag in financial performance compared to the performance of companies in the West. Despite this, the continent’s economic output has continued to rise considerably in the past two decades, but many of these economic achievements have been discredited. Despite the West’s view of Africa as a continent unprepared for economic growth due to simmering conflict, threats of terror, and other barriers to business, African business has continued to boom. Over the past two decades, Africa has made massive strides to “catch up to the West.” In fact, according to experts, many countries in Africa have experienced what …

Session 5: Equipment Finance Credit Risk Modeling - A Case Study In Creative Model Development & Nimble Data Engineering, Edward Krueger, Landon Thompson, Josh Moore

SDSU Data Science Symposium

This presentation will focus first on providing an overview of Channel and the Risk Analytics team that performed this case study. Given that context, we’ll then dive into our approach for building the modeling development data set, techniques and tools used to develop and implement the model into a production environment, and some of the challenges faced upon launch. Then, the presentation will pivot to the data engineering pipeline. During this portion, we will explore the application process and what happens to the data we collect. This will include how we extract & store the data along with how it …

Oral Presentations: Social Sciences I, Olivia Maurer, Kaden Grace, Ryan Wallace

Mississippi Undergraduate Honors Conference

Video provided above is of Olivia Maurer's presentation.

Video of Kaden Grace's presentation is available here.

Video of Ryan Wallace's presentation is available here.

Covid-19: The Financial Implications On Museums, Grace Beehler

Ideas: Exhibit Catalog for the Honors College Visiting Scholars Series

My article discusses the financial implications of the pandemic on museums and how they have had to change based on revenue losses. I discuss the impact on museums through statistical evidence, lower-cost alternatives museums have had to implement, and how museums will be impacted financially moving forward.

Cybersecurity In Fintech Companies, Efstratios Zouros

Cybersecurity Undergraduate Research Showcase

Have you recently accessed your bank account online? Have you accessed any financial instrument through your computer or your mobile device? If you are reading this, chances are you have. Every time you utilize those services, you ultimately put your trust in the financial institutions that offer them. You trust that they can securely keep your private information, while also keeping your savings safe. Ultimately, there is a certain dependability and trust in financial institutions that have been present on earth before most of us.

Understanding The Effectivity And Increased Reliance Of Credit Risk Machine Learning Models In Banking, Grishma Baruah

Cybersecurity Undergraduate Research Showcase

Credit risk analysis and making accurate investment and lending decisions has been a challenge for the financial industry for many years, as can be seen with the 2008 financial crisis. However, with the rise of machine learning models and predictive analytics, there has been a shift to increased reliance on technology for determining credit risk. This transition to machine learning comes with both advantages, such as potentially eliminating human error and assumptions from lending decisions, and disadvantages, such as time constraints, data usage inabilities, and lack of understanding nuances in machine learning models. In this paper, I look at four …

Investing In Financial Literacy Education: Purdue Libraries’ Quest To Promote Financial Wellness, Zoeanna A. Mayhook

Midwest Business Librarian Summit (MBLS)

Many information challenges that people face in their lives will relate to managing their own personal finances. Whether they are buying a house or looking to make wise investments, attaining a combination of financial and information literacy skills can promote sound financial decision-making practices and result in long-term financial independence and well-being. Business information professionals can aid in this endeavor by providing resources and programming to develop these skills further. With the generous support of the Purdue Federal Credit Union, the Purdue Libraries have prioritized financial literacy education by fostering strategic partnerships, developing instructional materials, and incorporating personal financial competencies …

313. Socially Responsible Investing: Green For The Planet And Your Wallet, Gabriela Pinzaru

EURēCA: Exhibition of Undergraduate Research and Creative Achievement

This study analyzed whether or not investment in socially responsible companies generated abnormal returns in comparison to the S&P 500. An Environmental, Social, and Governance Index consisting of 33 companies was created based on four different ESG rating agencies. In order to perform a meaningful comparison between said ESG Index and the S&P benchmark, the researcher used Eventus software to conduct an event study. Eventus analyzed stock price data of ESG and S&P companies at a specific point in time over a period of five years. It was determined that the ESG companies performed significantly stronger in comparison to the …

The New Space Policy Regime And Its Financial Foundation, Tamara Campbell

Helm's School of Government Conference - American Revival: Citizenship & Virtue

Post the global financial crisis of 2008, the National Aeronautical and Space Administration (NASA) sought to expand the space economy through a public policy of commercialization. This has brought major changes to the composition of space mission funding strategies, now repositioned as public private partnerships (P3s). Formed to fund space missions with private finance in lieu of public funding, P3s are investment and risk-sharing vehicles evaluated by financial intermediary institutions, insurers, and at times, the courts in the case where there is foreign direct investment (FDI) agreement. For this reason, it is arguable P3s have exceptional influence on the scope …

The Financial Impact Of Covid-19 On Nonprofit Organizations, Dr. Charles Harrington

SC Upstate Research Symposium

Abstract — Scholars and practitioners have argued that effective financial management, particularly the development of operating reserves, can help nonprofits survive economic shocks. The COVID-19 pandemic, which has had a significant impact on the nonprofit sector, provides an opportunity to test whether nonprofits have followed that recommendation, and if so, whether nonprofits with operating reserves were better prepared for the pandemic. Using data from an original survey of more than 600 nonprofit human service and arts organizations, administered when most states had stay-at-home restrictions, we show that most nonprofits experienced an immediate impact on their programs and financing. Yet, those …

When You Don’T Know What You Don’T Know: How Two New Collections Librarians Right-Sized A Collections Budget, Cara M. Cadena, Marcia Lee

Charleston Library Conference

Due to impending campus-wide downsizing, the Grand Valley State University (GVSU) Libraries projected that a worst-case scenario would result in a 14% cut to the library’s collections budget for fiscal year 2020. In the same year, GVSU Libraries welcomed several new members of its leadership team, including the dean, two associate deans, head of systems, head of collections, business administrator, and a vacancy after the long-time acquisitions manager retired. Budget cuts and staff turnover are tough, but they prompted a much-needed reassessment of roles, culture, and priorities in the library. Different approaches to spending and curating the library’s collections were …