Business Commons^™

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 Impact Of Decreasing Defined Benefit Plans On Employee Turnover, Melissa Claire Gregory

EURēCA: Exhibition of Undergraduate Research and Creative Achievement

The gradual adoption of defined contribution retirement plans has been a significant change in the occupational pension system in the United States over the last few decades. By transitioning from defined benefit plans to defined contribution plans, companies are shifting the financial risk associated with saving for retirement onto the employee. Though the shift of this financial risk is the primary concern for many, there are other side effects that this transition may bring about. The principal side effect observed in this research is the potential of defined contribution plans to dis-incentivize employee loyalty and contribute to increased employee turnover …

An Inquiry Into The Regulation Of Social Media Disclosure Policy And Its Impacts On Retail Investor Trading Activity, Sebastian Georg Soldner

EURēCA: Exhibition of Undergraduate Research and Creative Achievement

Finance theory has evolved rapidly over recent decades, as the growth of mass electronic data sets have allowed researchers to apply theory and craft it to results seen in the real world. Financial policy has seen intense debate all across the world, but one of the more silent agents of advancement has been online financial disclosure policy. Through the past few decades, we have seen the mutual growth between technology and policy, and how their interplay shapes the modern world we live in. Investor relations policy has never been at a greater point of allowing information dissemination than today, as …

Supply Chain Sustainability: Understanding The Financial Impact, Matthew J. Guinn

EURēCA: Exhibition of Undergraduate Research and Creative Achievement

The purpose of this study is to determine if there is a differential impact on the financial performance of a company between environmental and social events.

This study uses a randomization of publicly traded companies within specific, pre-determined SIC codes, which is a collection of 66 companies, split between manufacturing and retail, to get the most accurate representation.

This study utilizes multiple regression models via STATA to analyze data compiled from the Wharton Research Database Services (WRDS) utilizing the MSCI ESG KLD, and Bloomberg, to analyze the percent increase in stock price which is the overarching models independent variable. Then, …

The Next Recession: Is It Time?, Samuel W. Paganelli

EURēCA: Exhibition of Undergraduate Research and Creative Achievement

The Great Recession of 2008 left millions of people without homes, and trillions of dollars in savings were wiped out. As well-informed individuals, we know the economy is cyclical in nature, but how could something so severe happen so suddenly? Were there warning signs that were missed? In my project, I attempt to answer these questions before the next recession. The average business cycle is approximately six years long, and the United States is currently in its ninth year of economic expansion. This fact alone has many people worried that a downturn may be imminent. The goal of my project …