Business Commons^™

Nfts At The Nexus Of Innovation And Sustainability: A Framework Aligning Nft Affordances With The Sustainable Development Goals, Kristi Yuthas

Business Faculty Publications and Presentations

The United Nations’ Sustainable Development Goals (SDGs) are goals associated with the most significant global issues, which include climate, health, security, and poverty. The goals are part of an agenda for making progress on environmental, social, and economic issues while ensuring peace and leaving no one behind. Meeting these goals requires effort and innovation on all fronts, including technology. Information and communication technologies have long contributed to these efforts, and more recently, blockchain for good projects have begun to bear fruit. Non-fungible tokens (NFTs), which are, in essence, certificates of ownership stored on a blockchain, can also contribute to sustainable …

Applying Deep Learning To Detect Abnormal Event Log Traces: A Non-Rule-Based Framework, Yunsen Wang, Tiffany Chiu, Miklos A. Vasarhelyi

Department of Accounting and Finance Faculty Scholarship and Creative Works

Process mining is an efficient method that can analyze the full population of transactions using the event log of business processes. Conventional rule-based process mining techniques can detect anomalies; however, it tends to trigger a large number of false alarms. To improve the efficiency of anomaly detection using process mining, this study adopts a deep learning-based classification approach to detect anomalies in the traces of event logs. This approach contributes to the literature by proposing a non-rule-based process mining technique based on deep learning. Results demonstrate that the proposed non-rule-based process mining method can help auditors focus on transactional anomalies.

Improved Estimation Of The Correlation Matrix Using Reinforcement Learning And Text-Based Networks, Cheng Lu, Papa Momar Ndiaye, Majeed Simaan

Department of Accounting and Finance Faculty Scholarship and Creative Works

We propose a data-driven methodology to shrink the correlation matrix and, hence, the covariance matrix using reinforcement learning (RL). Our approach does not impose any assumptions on the stock returns and can be applied to any covariance matrix target. It focuses on the special case of the global minimum variance portfolio and investigates the economic value of our methodology by utilizing text-based networks (Hoberg and Phillips, 2016). The portfolio selection problem, hence, boils down to determining the optimal shrinkage policy using RL. The empirical analysis utilizes a large universe of stocks covering more than 400 assets and 20 years as …

How Management Disclosure And Auditor Disclosure Affect Auditor Liability: The Case Of The Going Concern Financial Accounting Standard, Joel Owens, K. Kelli Saunders, Samantha Schachner, Todd A. Thornock

Business Faculty Publications and Presentations

A current FASB standard requires management to assess the ability of the entity to continue as a going concern (GC) and disclose any substantial doubt about such. Using contextualized experiments wherein the auditor does not issue a GC opinion for an entity that subsequently fails, we study the effects of management disclosure, increased management disclosure responsibility, and auditor disclosure on auditor blame, a proxy for auditor liability. Consistent with predictions based on the Culpable Control Model, we find (1) management disclosure of substantial doubt increases auditor liability; (2) when management has not disclosed substantial doubt, auditor liability is greater under …

Interest Groups And Central Banking, Louis Rouanet, Michael Wroblewski

Hunt Institute Working Paper Series

This chapter offers an alternative approach to the public interest theory of central banking.Instead of interpreting the history of central banking as attempts to solve market failures, we suggest that central bank behavior can be best explained by studying the constraints faced by members of various interest groups, including members of the central banks themselves. Instead of looking uniquely at how private decisions in commercial markets shape central banks’ decisions, we argue that central bank behavior is best predicted when applying the tools of economics to politics, i.e., when using Public Choice.

Local Ceos And Voluntary Disclosure: Evidence From Non-Gaap Earnings, Jiwoo Seo, Adam Esplin, Yun Ke, Kari Olsen

Hunt Institute Working Paper Series

In the U.S. CEO labor market, firms are more likely to hire local CEOs than non-local CEOs. We explore the consequences of this hiring practice on voluntary disclosure of firm financial information in the non-GAAP earnings setting. Using a sample of S&P 1500 firms from 2003 to 2020, we show that firms led by local CEOs are less likely to provide non-GAAP earnings than those led by non-local CEOs. This result holds across a battery of robustness tests, including a placebo test, adopting different matching procedures, an instrumental variable approach, various regression specifications, and alternative samples using CEO turnover events. …

The Heterogeneous Effects Of Cannabis Dispensaries On Crime: The Importance Of Foot Traffic, Thomas Lebesmuehlbacher, Justin Roush, Rhet A. Smith

Hunt Institute Working Paper Series

This paper pairs exact dispensary locations with city block level crime data to study the impact of medical cannabis dispensaries on crime in the state of Florida from 2016-2019. Leveraging a Florida state law that requires broadly uniform security provisions across dispensaries, we capture important dispensary heterogeneity by incorporating customer volume and local non-dispensary foot traffic with smartphone geopositional data. We use not-yet-operational dispensary locations as a control group and a geo-spatial difference-in-differences framework and find reductions in larceny, vehicle burglary, and motor vehicle theft following the opening of high-volume dispensaries. We fail to find evidence of similar deterrent effects …

Leading The Way: An Exploration Of Leadership Behaviors In Academic Advising, Amanda Bergeron-Bauer

Dissertations and Doctoral Documents, University of Nebraska-Lincoln, 2023–

Academic advisors in higher education serve as more than a resource for planning classes. These student affairs professionals also assist with success plans, identifying career paths, connecting students with relevant campus resources, and working through academic and personal concerns. Over time, the field of academic advising has transitioned from a prescriptive form of advising that consisted primarily of transactional interactions to a hybrid approach that incorporates developmental advising or helping to develop the whole student. As institutions emphasize the importance of developmental advising on their campuses, it is necessary for academic advisors to expand their skill sets to better meet …

Two Birds With One Stone? Suburban Office-To-Multifamily Conversion Trends In The U.S., Jongwoong Kim, Dorothy Ives Dewey

Geography & Planning Faculty Publications

This study explores the adaptive reuse of underutilized suburban office buildings into multifamily housing as a response to rising office vacancies and housing shortages. While much attention has been given to urban conversions, suburban transformations remain underexamined despite facing similar challenges. Using CBRE’s National Commercial Office Property Conversion Database (Q1 2024), the research analyzes 15 completed suburban projects (2016–2024), highlighting trends, barriers, and policy considerations. The study emphasizes the importance of flexible zoning, financial incentives, and community engagement to facilitate successful suburban conversions, offering practical insights for developers, planners, and policymakers navigating the evolving real estate landscape.

From Congestion To Connectivity, Shoeb Kagda

Asian Management Insights

Southeast Asia is betting on new urban transit systems to solve its urban gridlock problems.

Why Isn’T Formula 1 Going Electric?, Terry Van Gevelt

Asian Management Insights

Electric vehicles are not the only sustainable automotive option.

1. While electric vehicles (EVs) are marketed as ‘zero-emission’, their overall environmental impact and battery production all contribute to their lifecycle emissions. In fact, their widespread adoption needs significant infrastructural changes like installing new charging networks and upgrading power grids, which come with substantial environmental and financial costs.

2. Considering a diverse array of energy alternatives, including synthetic e-fuels, could offer Singapore a that is tailored to the specific needs and infrastructural realities of the country and region.

Spatiotemporal Evolution And Driving Forces Of The Externality Value In Rice Production: A Study Of 30 Provinces In China From 2000—2021, Rongji Zhou, Lizhuang Luo, Sibin Wu

Management Faculty Publications

Research on the indirect value of rice production has primarily focused on ecosystem service functions, with less emphasis on externalities. This article conducts an innovative evaluation of the externality value of rice production and its significant impact on the ecological transformation of grain production. Utilizing the Chinese panel data on rice production from 2000 to 2021, the study applies methods such as the functional value approach, hotspot analysis, and spatial autocorrelation, in conjunction with geodetectors and geographically weighted regression, to assess the externality value of rice production. It further analyzes the spatiotemporal evolution and driving factors of these externalities. Findings …

Facebook And Consumer Research: A Review, Ai-Driven Thematic Visualisation, And Research Agenda, Moulik Zaveri, Violetta Wilk

Research outputs 2022 to 2026

This paper explores the evolution of academic consumer research on Facebook by consolidating the existing body of literature. The study consists of 336 papers on the topic of Facebook and consumers, published in top journals between 2008 and 2023, sourced via Scopus. The data collection followed the PRISMA framework, and bibliometric analysis was conducted using descriptive and performance analyses with the aid of data tabulation software. Additionally, natural language processing (NLP) and thematic analysis of the data were conducted via text mining, topic modelling and data visualisation with Leximancer—an artificial intelligence (AI)-based programme. The results revealed that, over the 15-year …

The Effects Of Antitrust Laws On Horizontal Mergers: International Evidence, Chune Young Chung, Iftekhar Hasan, Jihoon Hwang, Incheol Kim

Finance Faculty Publications

This study examines how antitrust law adoptions affect horizontal merger and acquisition (M&A) outcomes. Using the staggered introduction of competition laws in 20 countries, we find antitrust regulation decreases acquirers’ five-day cumulative abnormal returns surrounding horizontal merger announcements. A decrease in deal value, target book assets, and industry peers' announcement returns are consistent with the market power hypothesis. Exploiting antitrust law adoptions addresses a downward bias to an estimated effect of antitrust enforcement (Baker (2003)). The potential bias from heterogeneous treatment effects does not nullify our results. Overall, antitrust policies seem to deter post-merger monopolistic gains, potentially improving customer welfare.

Could The Net Cost Of A Child Be Zero Dollars?, Vladimir Snurenco

University Faculty Publications and Creative Works

The article argues that the claim that raising children in America is unaffordable overlooks the economic benefits of marriage. While estimates like $300,000 sensationalize costs, they ignore the "marriage premium," which provides married couples with $1 million–$2 million in additional lifetime earnings through combined incomes, shared expenses, and increased productivity.

DINKs (Dual Income, No Kids) exemplify this premium, enjoying financial stability and luxury without children. The article suggests reframing parenting costs from a macroeconomic problem requiring political solutions to a microeconomic perspective that highlights marriage as a key to financial success. For most married couples, the net cost of raising …

Should School Buses Be Green? A Sustainability Decision-Making Case Study, Bonnie R. Albritton, Amy Foshee Holmes, Janet R. Jones

School of Business Faculty Research

The Director of Transportation for Grenze Independent School District wants to transform the bus fleet to clean energy, but budget constraints are a constant barrier. The health and safety of pupils, particularly those with asthma, is a compelling feature of this case to engage students and explore the benefits and challenges of electric vehicles. The purpose of this case study is to encourage students to consider all stakeholders when analyzing data for business decision-making, thus utilizing the triple bottom line. Learning objectives for Module 1 are to (1) analyze financial data for optimal decision-making, (2) identify and describe environmental and …

Developments In Agro-Food Business Industries: Mapping The Philippine Mango Industry's Value Chain And Innovation System Interactions, Kevin Christopher Go

Development Studies Faculty Publications

No abstract provided.

Politicians’ Green Incentives And External Auditing, Ole-Kristian Hope, Heng Yue, Qinlin Zhong

Research Collection School Of Accountancy

This paper examines whether and how politicians’ green incentives affect external auditing. Specifically, we investigate the effects of China’s Green Audit of Outgoing Officials (GAOO) policy, which directly links environmental performance to public officials’ promotions. Employing a DID approach, we observe a significant reduction in audit fees for high-polluting firms after the implementation of GAOO. The decrease is stronger among firms located in regions with departing public officials. We identify two channels driving this trend: (1) Auditors rely on public information generated from intensified governmental efforts, thereby economizing on their efforts (i.e., a substitution effect); (2) High-polluting firms improve their …

Confined Paddock Feeding And Feedlotting Of Sheep, Department Of Primary Industries And Regional Development, Western Australia

Animal production and livestock factsheets

Confinement feeding (also referred to as lot feeding or feedlotting) is an intensive feeding system in a confined area where all, or the majority of, feed and water is supplied to the contained animals. The department recommends using confinement feeding as part of a whole farm livestock, pasture and erosion management program.

We recommend having a confinement feeding system as an integral part of a whole farm livestock, pasture and erosion management program. Guides and resources that provide more detailed information are listed at the bottom of this fact sheet.

Sheep Feed Value Guide, Department Of Primary Industries And Regional Development, Western Australia

Animal production and livestock factsheets

Sheep are supplementary fed for either survival or production purposes. Efficient supplementary feeding should aim to supply sheep with a diet that is sufficient in digestible energy and protein. We recommend testing feedstuffs, although the feed tables supplied here can be used to help roughly estimate the amount of grain and fodder required.

Knowing the value of different feedstuffs is critical when making decisions about livestock nutrition, for survival, maintenance and growth.

Supplementary feeding is a key part of a Western Australian (WA) sheep enterprise because most sheep systems are on annual pasture which is dry over the Mediterranean summer. …

Evaluation Of Dual Purpose Canola And Cereals Grazed With Cattle, Department Of Primary Industries And Regional Development, Western Australia

Animal production and livestock factsheets

The Department of Primary Industries and Regional Development conducted research to investigate and demonstrate the importance of dual-purpose crops (canola, wheat and barley) to improve the feed availability for cattle (in late autumn to early winter) in mixed farming systems of the high rainfall environment of Western Australia (WA).

The grain yield of a wide range of canola and cereal varieties sown in mid-April were unaffected by the grazing of cattle at a stocking rate of 20 to 22 dry sheep equivalent (DSE) per hectare (ha) for up to 4 weeks at Esperance in 2011.

The grazed crops yielded the …

Making Accounting Education Fit For Purpose For The New Economy, Yew Kee Ho, Jean Liu, Sze Kee Koh, Kai Teck Ng, Sa-Pyung Sean Shin, Tin Wee Tan, Yuanto Zhu Kusnadi

Research Collection School Of Accountancy

The accountancy profession faces one of its most challenging periods as several factors converge to disrupt it. Technological advancements, the expanding role of accountants, declining student interest in accountancy, and increasing expectations for uniquely human capital all exert pressure on the profession to reinvent itself or face marginalisation. This study, funded by the Institute of Singapore Chartered Accountants (ISCA), examines trends in the accountancy profession alongside accountancy education in Singapore. Its goal is to formulate a fit-for-purpose accountancy education for the new economy.

Uncovering Merchants’ Willingness To Wait In On-Demand Food Delivery Markets, Jian Liang, Ya Zhao, Hai Wang, Zuopeng Xiao, Jintao Ke

Research Collection School Of Computing and Information Systems

While traditional on-demand food delivery services help restaurants reach more customers and enable doorstep deliveries, they also come with drawbacks, such as high commission fees and limited control over the delivery process. White-label food delivery services have emerged as an alternative, ready-to-use platform for restaurants to arrange delivery for customer orders received through their applications or websites, without the constraints imposed by traditional on-demand food delivery platforms or the need to develop an in-house delivery operation. Although several studies have investigated consumer behavior when using traditional on-demand food delivery services, there is limited research on merchants’ behavior when adopting white-label …

From Sustainable Agriculture To Sustainable Agrifood Systems: A Comparative Review Of Alternative Models, Qian Forrest Zhang

Research Collection School of Social Sciences

This paper reviews, compares, and critically evaluates two broad groups of sustainable agriculture models: “sustainable agriculture” and “sustainable agrifood systems”. The “sustainable agriculture” models—comprising organic farming, regenerative agriculture, climate-smart agriculture, carbon-capture agriculture, and nature-based solutions—focus primarily on improving ecological sustainability through farm-level practices. These models emphasize reducing external, industrial inputs, enhancing biodiversity, and promoting climate resilience, relying on technological and market-based solutions to address environmental concerns. On the other hand, the “sustainable agrifood systems” models—agroecology, alternative food networks, and permaculture—offer more ambitious visions of systemic transformation. These approaches not only seek to implement environmentally sound practices but also aim to …

Finding Purpose In Higher Education: Insights From The Distinctive Career Of Professor Rajani Naidoo, Howard Thomas

Research Collection Lee Kong Chian School Of Business

The author explores Professor Rajani Naidoo’s inspiring journey in higher education, marked by advocacy, leadership, and a commitment to social justice. Born in apartheid South Africa, Rajani’s formative experiences with inequality shaped her lifelong dedication to equity in education. Her academic path took her to the University of Bath, where she directed the International Centre for Higher Education Management, emphasising interdisciplinary research and ethical leadership. Now Deputy Vice-Chancellor at the University of Exeter, she drives cultural change and inclusivity. Rajani’s work challenges competitive norms, advocates global collaboration, and envisions universities as agents of societal good. Her story exemplifies purpose-driven academic …

2024 November, Morehead State University. Office Of Communications & Marketing.

Morehead State Press Release Archive, 1961 to the Present

Press releases for November of 2024.

An Empirical Test Of Auction Efficiency: Evidence From Mbs Auctions Of The Federal Reserve, Pietro Bonadi, Ali Hortacsu, Zhaogang Song

Research Collection Lee Kong Chian School Of Business

PurposeWe estimate the marginal cost curve of each dealer in each auction, based on structural models of the multiunit discriminatory-price auction.Design/methodology/approachAuction theory has ambiguous implications regarding the relative performance of three formats of multiunit auctions: uniform-price, discriminatory-price and Vickrey auctions. We evaluate the performance of these three auction formats using bid-level data of the Federal Reserve’s purchase auctions of agency MBS from June 2014 through November 2014.FindingsOur results suggest that neither uniform-price nor Vickrey auctions outperform discriminatory-price auctions in terms of the total expenditure. However, Vickrey auctions outperform discriminatory-price auctions in terms of efficiency, with the efficiency gain around 0.74% …

Politically Connected Firms And The Cash Flow Sensitivity Of Cash: International Evidence, Yuanto Kusnadi

Research Collection School Of Accountancy

This paper examines the role of political connections on the cash flow sensitivity of cash using a sample of international firms. The finding reveals that the cash flow sensitivity of cash is lower for politically connected firms than their non-connected counterparts, which is supportive of the precautionary motive of cash holdings. Further analyses reveal that the result is driven by political connections that are made through the directors of the firms and with members of parliament, as well as by differences in country-level institutional infrastructure. Overall, the empirical results corroborate that of previous studies on the relevance of the precautionary …

Discretionary Dissemination On Twitter, Richard M. Crowley, Wenli Huang, Hai Lu

Research Collection School Of Accountancy

The study provides large-scale descriptive evidence on the timing and nature of corporate financial tweeting. Using an unsupervised machine learning approach to analyze 24 million tweets posted by S&P 1500 firms from 2012 to 2020, we find that firms are more likely to tweet financial information around significantly negative or positive news events, such as earnings announcements and the filing of financial statements. This convex U-shaped relation between the likelihood of posting financial tweets and the materiality of accounting events becomes stronger over time. Whereas research based on early samples concludes that firms are less likely to disseminate financial information …

Public Enforcement Through Independent Directors, Xiaoxi Li, Pingui Rao, Yong George Yang, Heng Yue

Research Collection School Of Accountancy

We examine how public enforcement and private enforcement interact to contain self-dealing activities in emerging markets. Using data from China, we find that firms receiving comment letters concerning related party transactions (RPTs) from stock exchanges significantly reduce their RPTs in subsequent years. We further find that (1) the subsequent reduction in RPTs is more pronounced when independent directors have higher career or reputation concerns and (2) independent directors are more likely to dissent or resign if their firms do not significantly reduce RPTs after receiving RPT comment letters, especially if they have high reputation concerns. Our study sheds light on …