Business Commons^™

Mda Foundation: 2024 Promises Great Things From The Mda Foundation, Anne Berquist

The Journal of the Michigan Dental Association

The MDA Foundation is making significant strides in supporting dental and hygiene students and the community. In a recent announcement, 12 scholarships totaling $31,000 were awarded, thanks to donor generosity. The Foundation's upcoming Sparkling Smiles Celebration will provide an opportunity to meet scholarship recipients and acknowledge donors. The primary focus in June will be the Mission of Mercy event in Flint, aiming to offer essential dental care to up to 2,000 individuals. Volunteers are encouraged to participate, and financial support can be pledged online. Ongoing efforts include fundraising for the Karen Burgess Scholarship Endowment and the upcoming MDA Foundation golf …

Why Do Banks Fail Together? Evidence From Executive Compensation, Deniz Anginer, Jinjing Liu, Cindy A. Schipani, H. Nejat Seyhun

Fordham Journal of Corporate & Financial Law

Recent bank failures have elicited extensive interest about the causes, focusing on incompetence of bank executives, policymakers, bank regulators and supervisors and even uninsured depositors. Yet, before we can prescribe solutions to bank failures, we need to identify the correct causes of the underlying problems. We argue that the problem is not so much with incompetence of executives, depositors, or regulators per se, but rather with managerial incentives.

We provide both a conceptual basis as well as empirical evidence to show that bank executives have incentives to increase systemic risks in order to maximize the benefits of bank bailouts. Consequently, …

A Bona Fide Dispute: Can Bankrupt Debtors Sell Assets Free And Clear Of Federal Civil Forfeiture Claims?, Joseph Peter Gomez

Fordham Journal of Corporate & Financial Law

Auctions are wheeling-dealing extravaganzas in which frenzies of bidders fight over shiny objects. What would happen if the government busted down the doors of the auction house, took the shiny objects, and sold them online? An asset sale through section 363(b) of the Bankruptcy Code provides a court-supervised opportunity to maximize economic value for the bankruptcy estate. To sell estate assets, the debtor must either (1) pay off each creditor holding an interest in the assets or (2) strip the creditor’s interest and attach it to the proceeds of the sale. When the government asserts a civil forfeiture claim against …

Another Major Question: The Department Of Labor Should Retire The Tiebreaker Rule And Reemploy Pecuniary Language In Erisa, Brandon Chesner

Fordham Journal of Corporate & Financial Law

The Employee Retirement Income Security Act of 1974 (“ERISA”) soon turns 50. Instead of celebrating with cake, retirees and future retirees alike get to witness a new chapter in the debate over the consideration of Environmental, Social, or Governance (“ESG”) factors in investing with plan assets. As employees cross the bridge into retirement, they look to their 401(k)s and pension plans for peace of mind, for it is ERISA that has been working silently in the background establishing minimum standards, practices, and fiduciary duties to protect participants. In recent years, the U.S. Department of Labor (“DOL”) has passed three regulations—two …

Speech Without Speakers: Eliminating Artificial Barriers To Pleading Corporate Scienter In Securities Fraud Claims, Jennifer Ligansky

Fordham Journal of Corporate & Financial Law

To successfully plead securities fraud claims under Rule 10b–5, the Private Securities Litigation Reform Act (“PSLRA”) requires that plaintiff-investors raise a “strong inference” that the defendant acted with scienter when issuing a false statement. But pleading scienter presents a challenging issue when the defendant is not a person, but an entity. When the defendant is a corporation, U.S. Circuit Courts of Appeals have adopted different approaches for determining whether the plaintiff has pleaded a strong inference of scienter. Some circuits hold that plaintiffs can raise a strong inference of corporate scienter only if the complaint identifies a speaker who knew …

The Lease Of All Evils: How A Middle-Ground Approach Can Resolve The Bankruptcy Code Conflict Between Section 363(F) Sales And Section 365(H) Lessee Protections, Kate Christensen

Fordham Journal of Corporate & Financial Law

The Fifth Circuit’s recent decision in In re Royal St. Bistro, LLC has awakened an unsettled issue in the Bankruptcy Code that has divided the bankruptcy community for over two decades. The question examined by the Fifth Circuit was whether a non-debtor lessee with a right to continued possession through section 365(h) of the Bankruptcy Code loses this right if the debtor-lessor can sell its property “free and clear” under section 363(f). While early decisions held that section 365(h) always protects lessees against debtors’ free and clear sales, some subsequent decisions created a circuit split by ruling that section 365(h) …

Letter From The Dean, Jeff Edwards

Discovery, The Student Journal of Dale Bumpers College of Agricultural, Food and Life Sciences

No abstract provided.

Discovery: The Student Journal Of Dale Bumpers College Of Agricultural, Food And Life Sciences - Volume 25 2024, Several Authors

Discovery, The Student Journal of Dale Bumpers College of Agricultural, Food and Life Sciences

No abstract provided.

Minutes Are Worth The Minutes: Good Documentation Practices Improve Board Deliberations And Reduce Regulatory And Litigation Risk, Given As The 21st Annual Destefano Lecture, Leo E. Strine Jr.

Fordham Journal of Corporate & Financial Law

This Essay, originally the basis for the 21st Annual Albert A. DeStefano Lecture on Corporate, Securities & Financial Law given on February 27, 2024, at Fordham University School of Law, addresses the importance of good corporate minuting and board documentation practices. Using lessons from Delaware cases where the quality of these practices has determined the outcome of motions and cases, this Essay identifies effective and efficient practices to better address this decidedly not sexy, but unquestionably essential, corporate governance task. The recent Delaware cases underscore the importance of quality and timely documentation of board decision-making, the material benefits of doing …

Corporate Esg Falls Short: Systemic Anti-Black Racism And Inequality Should Be Addressed Through A Cumulative Integrated Approach, Ferrell L. Littlejohn

Fordham Journal of Corporate & Financial Law

In the 1896 case Plessy v. Ferguson, the Supreme Court endorsed the “separate but equal” doctrine, essentially codifying racial segregation. This decision guaranteed that systemic racism would permeate every fabric of society despite the abolition of slavery. Recently, many corporate institutions have pledged to actively support the fight against systemic racism through their environmental, social, and governance (“ESG”) initiatives. Corporate stakeholders have actively advocated for these initiatives, particularly in response to recent scholarship revealing the significant involvement of capitalist institutions in historical slavery, and the continued perpetuation of anti-Black racism. Nevertheless, such initiatives, for example, internal diversity, equity, and …

Beyond The Game: Gamification, Sports Betting, And Fantasy Sports In Modern Sports, Kyler A. Ripley

Soaring: A Journal of Undergraduate Research

The gamification of fantasy sports and sports betting is real in our society today and has become incredibly useful, but policymakers need to create laws to protect consumers.

Government Debt On Money Growth, Inflation, And Real Gdp Growth, Jesse T. Wright

Journal of Business, Industry, and Economics

This study examines the question: how does government debt affect economic growth over time? The results of this research show that low-income countries use inflation, money growth, and borrowing to manage debt. As a group, high-income countries do not, or perhaps cannot, use any of these methods systematically. Theory indicates that countries may turn to money growth and inflation to manage debt levels, and that this in turn decreases growth of gross domestic product. The results of this paper are significant because they suggest that low-income countries use money growth and inflation as an alternative to taxation while simultaneously borrowing …

An Insurance Case That Develops Problem-Solving, Statistical Analysis, And Excel Skills, Ed Pappanastos, Jeffrey Bohler, Benjamin Larson, Charles Coco

Journal of Business, Industry, and Economics

Good Faith Insurance, a thriving hometown insurance company, has established itself by building strong, trust-based relationships within its community. After nearly a decade of consistent profitability, the company implemented three strategic initiatives to expand its footprint and enhance its brand as a high-quality regional insurer. This case study invites students to assess the financial impact of these strategic decisions, offering a valuable opportunity to refine their decision-making and problem-solving abilities. It is particularly well-suited for undergraduate courses in statistics or insurance.

The Role Of Psychological Capital In Shaping Leaders’ Attitudes Toward Artificial Intelligence: Mindset Meets Machine, Justin W. Carter, John A. Parnell, Steven Puckett

Journal of Business, Industry, and Economics

Artificial intelligence (AI) is poised to revolutionize the construction industry, yet the pivotal role of leaders’ attitudes in its successful adoption is undeniable. This study explores these attitudes' potential positive psychological drivers, leveraging the Technology Acceptance Model (TAM) and Innovation Resistance Theory (IRT) to dissect the complex interplay of factors influencing AI adoption. We hypothesize that Psychological Capital (PsyCap’s) plays a role in shaping leaders' positive and negative attitudes toward AI. Results show that PsyCap was a significant driver of both positive and negative attitudes. Moreover, negative attitudes toward AI partially mediated the link between PsyCap and positive attitudes, underscoring …

Letter From The Faculty Editor, Beth Kegley

Discovery, The Student Journal of Dale Bumpers College of Agricultural, Food and Life Sciences

No abstract provided.

Financial Instruments And Investment Strategies Based On Volatility – Proprietary Strategies And Market-Neutral Financial Products, Iwona Sroka, Kamil Seliga

Studia i Materiały Wydział Zarządzania Uniwersytet Warszawski

The paper presents a comprehensive introduction to volatility trading, from explaining the definition of volatility, through simple strategies for getting exposure to volatility, to advanced ETN products constructed from derivatives on the VIX index. The theoretical part discusses the idea of volatility trading derived from the assumptions of the Black-Scholes option valuation model. The remainder of this paper presents derivatives that provide exposure to volatility along with the opportunities and pitfalls faced by investors in this market. The practical part presents the proprietary approach to creating investment strategies based on the anomalies of implied volatility of the S & P500 …

Servant Leadership: A Discussion Between Managerial Competencies And Managerial Values, Agnieszka Postuła

Studia i Materiały Wydział Zarządzania Uniwersytet Warszawski

Purpose: The goal of this article is explore the intricacies of servant leadership, the evolving expectations of new generations, the importance of managerial competencies and values, and the empirical findings from the comprehensive research conducted. This exploration aims to provide valuable insights into the multifaceted world of leadership and management in contemporary organizations.

Design/methodology/approach: This article is grounded in the findings of comprehensive ethnographic research. Data were collected mainly with open interviews conducted within four main groups: undergraduate students, final-year students, graduates and participants in postgraduate studies, and managers. In total, 53 interviews were conducted. For the purposes …

Cloud-Native Systems Implementation In The Polish Sme Enterprises, Patryk Morawiec, Anna Sołtysik-Piorunkiewicz

Studia i Materiały Wydział Zarządzania Uniwersytet Warszawski

Purpose: The main purpose of the article is to examine the needs and the attitudes of small and medium enterprises sector regarding cloud computing usage in implementation of Management Information System in cloud-native strategy. Other objectives of the study are to examine the state-of-the-art of cloud computing models and cloud-native approach in SMEs and the willingness of SMEs to develop cloud-based solutions such as MIS software.

Design/methodology/approach: Methods used in research are critical analysis of scientific literature and reports and publicly available statistical data analysis. A literature review about cloud computing, implementation methodologies, security needs and concept of building …

Combining Artificial Intelligence And Nft Tokens – New Challenges For The Art Market?, Włodzimierz Szpringer

Studia i Materiały Wydział Zarządzania Uniwersytet Warszawski

Purpose: The article aims to identify the challenges for the art market resulting from the use of generative artificial intelligence (GenAI) and in particular the interdependence between GenAI and NFT tokens.

Methodology: Research methods – literature studies, as well as analysis of law and case law. Theoretical, institutional context – economic analysis of law and regulatory impact assessment.

Results: The study found that the combination of GenAI and NFT paves the way for innovative forms of artistic expression, challenges conventional notions of art and redefines the relations between artists, collectors and technology.

Research limitations/implications: A significant …

Typology Of Urban Silver Singles In Selected Cities In Poland, Tomasz Zalega

Studia i Materiały Wydział Zarządzania Uniwersytet Warszawski

Purpose: The article presents the results of empirical research on the typology of urban silversingles’ households in Poland. The study concerned the financial situation, structure of expenditure, home infrastructure, consumer behaviour, and selected consumer trends such as sustainable consumption, smart shopping, cocooning, consumption virtualization, and consumer ethnocentrism.

Design/methodology/approach: The analysis is based on a survey questionnaire administered in two stages in 2018–2022. In the first of the planned stages, a survey was carried out on a sample of 3,167 silver singles in the period from February 1st to October 30th, 2018 and from May 1st to October 30th, 2019. The …

Patent Activity Of Countries And Sectors In Graphene-Based Technologies, Piotr Nawrocki

Studia i Materiały Wydział Zarządzania Uniwersytet Warszawski

Purpose: The aim of this article is to analyse the patent activity of various countries, regions, and sectors (academic, private, governmental) from 2000 to 2018, identifying global leaders in graphene-based technologies.

Design/methodology/approach: The study is based on an analysis of patent filings from the PATSTAT (EPO) database covering the years 2000-2018. Bibliometric techniques were employed to quantify trends in patent filings, combined with statistical analysis to identify areas with the highest growth dynamics. The data was segmented by countries and sectors, enabling a statistical examination of regional and sectoral diversity.

Findings: The findings reveal a diverse level of …

Internal Audit As A Mechanism Of Governance In Higher Education, Grzegorz Palus

Studia i Materiały Wydział Zarządzania Uniwersytet Warszawski

Purpose: The primary objective of the study is to verify the use of the internal audit function as an instrument of New Public Management (NPM) and a mechanism for improving the activities of Polish universities.

Design/Methodology/Approach: The study used public information on the work and results of internal the audit in Polish public higher education institutions subordinate to the Ministry of Science and Higher Education, made available by the Ministry of Finance. The article put forward three research hypotheses. The regression and correlation methods were used to verify two of the hypotheses. Scatter plots were created in the study …

Is It Worth Imitating Other Investors’ Determinants Of Effective Investment Strategies Among Students, Michał Mijal, Katarzyna Niewińska

Studia i Materiały Wydział Zarządzania Uniwersytet Warszawski

Purpose: This study examines the investment strategies of Generation Z, focusing on how they define and implement these strategies. It explores the factors influencing their decisionmaking, such as risk aversion and time horizon, and investigates the impact of social interactions on their investment choices.

Design/ methodology/approach: The research involved a total of 626 participants across two academic years (218 in 2022 and 408 in 2023), who developed and executed virtual investment strategies over a seven-week period using GPWtrader, an educational platform by the Warsaw Stock Exchange Foundation. Weekly meetings were held where participants presented their strategies, market observations, and …

A Tale 3 Airlines: Customer Service In Summer 2022, John C. Griffith, Donna Roberts

International Journal of Aviation, Aeronautics, and Aerospace

Does customer service - good or bad - really matter? Customer surveys from Ryanair, Southwest and Spirit Airline passengers were examined to determine their perceptions on customer service for May through September 2022. Ryanair (n=71) and Southwest (n=102) were rated significantly higher than Spirit Airlines (n=263) in overall rating (p

A Quantitative Analysis Of Seaplane Accidents From 1982-2021, David C. Ison

International Journal of Aviation, Aeronautics, and Aerospace

This study aimed to assess and analyze all historical National Transportation Safety Board accident reports since 1982. For analysis, reports were bisected into seaplane (float, amphibian, and hull) and non-seaplane groups. Findings showed that there is a deficiency in the level of available detail on the seaplane fleet and cadre of seaplane pilots in the U.S. During the most recent ten years of complete data (2012-2021) showed a negative trend in all accidents and fatal accidents, although only the latter being statistically convincing. During this timeframe, seaplane accident pilots had significantly higher total time and age than other groups (non-seaplane …

Examining The Influence Of Adoptability, Alignment, And Agility Approaches On The Sustainable Performance Of Aviation Industry: An Empirical Investigation Of Supply Chain Perspective, Sonia Nazeer, Hassan Mujtaba Nawaz Saleem, Muhammad Shafiq

International Journal of Aviation, Aeronautics, and Aerospace

In a continuously changing environment, the aviation sector faces the challenge of balancing adaptability to technological changes, alignment with environmental and social considerations, and agility in responding to unforeseen challenges. Keeping in view these challenges this study has explored the impact of the adaptability, alignment, and agility approaches on the sustainable performance of the aviation industry operating in Pakistan. Applying the empirical and quantitative methods the data has been collected from the professionals of the aviation industry supply chain and operations field and assessed the influence of Adoptability, Alignment, and Agility on sustainable performance indicators, including environmental stewardship, social responsibility, …

Exploring Airport Navigation Challenges Faced By Airline Travelers With Hidden Disabilities, Aliyu Mohammed Tata, Dr Matthew Ebbatson, Christopher Fluke Professor

International Journal of Aviation, Aeronautics, and Aerospace

In this paper, the Servicescape theory was employed as the conceptual framework to (a) investigate the live airport experiences of passengers with an HD and (b) understand the negative experiences of passengers within the airport's physical environment. The authors collected the electronic word-of-mouth statements of 203 travelers from the TripAdvisor website. The data generated were analyzed using thematic analysis. Common themes found from the analysis included (1) human interaction, (2) services, and (3) terminal design. This paper offers insight into airport navigational challenges faced by travellers with an HD at various stages within the airport. These findings have practical implications …

Risk Identification And Assessment In The Digital Transformation Of Aerospace Enterprises: A Combined Qualitative And Quantitative Approach, Hongyi Zhang, Yu-Shan Xu, Yu-Kang Li

International Journal of Aviation, Aeronautics, and Aerospace

With the rapid advancement of China's aerospace industry, aerospace enterprises are actively adopting next-generation digital intelligent technologies, facilitating a transition from traditional planned management to a collaborative development model of multi-satellite systems. While this digital transformation process can optimize the entire lifecycle management of aerospace products, it simultaneously introduces potential risks. This study aims to systematically identify and assess risk factors in the digital transformation process of aerospace enterprises, providing a scientific basis for formulating effective intervention measures. Employing a comprehensive approach that integrates qualitative and quantitative methods, this research systematically summarizes the risks, their sources, and anticipated impacts in …

Initial Financial Assessment Of The Fraport Greece Cluster A Concession, Dimitrios V. Siskos, Alexander Maravas, Ronald Mau

International Journal of Aviation, Aeronautics, and Aerospace

There is a worldwide trend in the privatization of transport infrastructure and airports. Likewise, the Greek government launched an extensive privatization program that granted Fraport AG the right to operate 14 airports for the next forty years. The two separate concessions for clusters of seven airports each are named "Cluster A" and "Cluster B." The financial assessment of privatization contracts is crucial so decision-makers can accurately assess the value of aviation enterprises. This paper applies the Economic Value Added (EVA) methodology and enterprise valuation on Cluster A by assessing the concession company's balance sheets and income statements. We concluded that …

Impact Of Financial Management System On Organizational Accountability And Responsibility: A Study Of Corporate Entities, Nur Farhanah Binti Marjuni, Junaid M. Shaikh

ASEAN Journal on Science and Technology for Development

This research investigates the impact of Financial Management Systems (FMS) on organizational accountability and responsibility in Brunei's manufacturing sector, utilizing a mixed-methods approach that includes primary data collected through questionnaires distributed to 41 local manufacturing companies and supplemented by secondary data from other ASEAN countries for comparative analysis. The primary focus is to assess the awareness and significance of efficient FMS implementation. Findings demonstrate a substantial influence of FMS on organizational accountability and responsibility, supported by an analysis of primary and secondary data from the ASEAN region. Nevertheless, this study acknowledges limitations such as its exclusive focus on Brunei and …