Business Commons^™

Hay: A Hedonic Study, Chester R. Broadbent

All Graduate Reports and Creative Projects, Fall 2023 to Present

Hedonic price theory posits that the price of a product is influenced by the values consumers assign to its individual attributes. Hay is a versatile commodity with variation across several attributes helping to cater to diverse needs of consumers. A detailed analysis using hedonic regression techniques within hay pricing can help producers, stakeholders, and educators more fully understand the marginal values consumers place on diverse hay attributes. Previous studies focused on limited scopes within the hay industry or other sectors, allowing room for broader investigation. This study examines qualitative attributes impacting hay pricing, revealing significant influences from factors like location, …

What To Expect When Preparing To Transition For Working Abroad: Exploring Work-Focused Intercultural Transition Training, Hannah Johnson

All Graduate Reports and Creative Projects, Fall 2023 to Present

Despite living in a highly globalized world with increased travels, interactions, and migrations across both physical and mental cultural lines, many individuals are still often unprepared to interact with those who are different successfully (Kupka et al., 2008). With all these increases in travel, interaction, and migrations across cultural lines, it is essential to understand the adjustment process and the potential challenges or barriers that individuals may face when transitioning to a new culture. This project systematically examines literature on intercultural transitions to improve training for individuals traveling to another culture for work. The literature examined includes pre-departure training and …

Understanding Profitability Of Small-Scale Agriculture In Utah, Amanda Nelson

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

Small-scale agriculture production has increased in Utah. Utah has lost much of its farmable land due to increased development. The increased development and influx of people has increased the demand for food supply, resulting in many beginning to producing their own food. This increase in individuals producing their own food has inherently increased the number of micro farms within Utah. This increase in the number of small-scale operations has left many wondering if these operations are both profitable and worth the effort it takes to operate them. As such, this paper will analyze the budget for three activities: (1) raising …

The Effectiveness Of Pasture, Rangeland, And Forage Insurance, Jonathon Frost

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

This thesis research tests the historical usefulness and desirability of pasture, rangeland, and forage insurance for ranchers in Utah. PRF insurance is specifically for ranchers who own livestock and rely on their livestock to graze in the fields for food consumption. If there is inadequate precipitation, there will be less grass growth for livestock which causes ranchers to purchase hay, leading to higher feed costs. It is similar to other insurance policies requiring premium and indemnity payments. By analyzing the historical payments, a decisive conclusion can be made that PRF suits both ranchers and USDA policymakers. Other studies that discussed …

Multivariate Econometric Regression Of Factors That Determine Form Of Disposition Of Human Remains Using Archival Death Certificates, Salt Lake County, Utah, Delphine T. Feigenbaum

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

This project considers the inescapable and burgeoning issues concerning the long-term allocation of scarce natural resources between the living and the deceased. America’s population growth will demand more space and maintenance resources used for disposition. To meet the forthcoming exigencies, economic planners need to address natural resource availability for future generations while incorporating sustainable and innovative technologies to prohibit environmental injustice.

The goals are to answer the following questions: How do demographical variables, age and sex influence the choice of disposition? How do cause of death variables influence the choice of disposition? I also evaluate the hypothesis that the average …

Historic Downtown Streetscape Plan Price City, Utah, Patricia Beckert

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

The idea of a small-town Main Street has profound meaning within the American culture that has prevailed for the past two centuries. Historically, Main Street serves as the beating heart of a community, a place where economic, social, cultural, and civic activities are centered (Francaviglia, 1996; Main Street America, n.d.). Since the beginning of the 19th century, many factors have led to the decline of Main Streets, and despite a variety of efforts from different stakeholders, that decline has only intensified in recent decades (Isenberg, 2008; Orvell, 2014 Howard, 2015). In 1980, after a three-year project conducted by the National …

Creating Jo, Jenna Olson

Undergraduate Honors Capstone Projects

With the rise of technology, physical invitations have largely been replaced by digital invitations and e-cards. This change in invitation culture has led to less time and energy being spent on celebrating important life events. I created JO to help individuals elevate the important moments in their lives through intentional communication and beautiful designs. JO products seek to display effective, aesthetically pleasing, and meaningful messaging. This project documents my business, JO, through a written business plan and website.

A business plan aims to demonstrate a well-developed idea to gain support and investment. My business plan includes an executive summary, company …

Mountain States Oilseeds: Risk Management For Safflower Production In The Intermountain West, Jameson F. Packer

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

Safflower is an oilseed crop primarily produced in the western Great Plains because of its compatibility with cereal grain equipment. Varieties grown in that region are harvested predominantly for seeds high in safflower oil and oleic acid that are processed and used in cooking oil, human nutrition, and other health and beauty products. Safflower is also grown in Utah, Idaho, and California for birdseed mixes due to the region’s arid climate, which yields a crisp, white seed that is highly favorable in the birdseed market. Mountain States Oilseeds, headquartered in American Falls, Idaho, is one of the United States’ largest …

Diurnal Changes In Alfalfa Quality And The Effects On Revenue Maximization, Nelson Sip

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

Before alfalfa hay is sold to brokers or diaries, it is quality is evaluated to determine the price. These tests go into great detail about the micro and macro nutrients alfalfa contains or they could be a function of the fibers alfalfa contains to determine the digestibility. Studies show ways to increase alfalfa quality such as harvesting later in the day at peak photosynthesis. However, the financial benefits, or lack thereof, based on these changes to quality have no conclusion. Here we show that harvesting alfalfa later in the day increases the quality and has financial benefits. We found that …

A Welfare Comparison Of Historical Cost And Fair Value Accounting Regimes, Palmer Edholm

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

With ongoing controversy concerning fair value and historical cost accounting, existing accounting theory is focused on intra-firm decision making and is thus deficient in addressing the issue of maximizing social welfare. I propose models of historical cost and fair value accounting regimes which are embedded in models of monopoly and oligopoly. This allows for social welfare implications. I find that historical cost results in greater expected profits for both monopolists and oligopolists. However, if the market is elastic enough, a fair value regimes is welfare enhancing. Whereas, if the market is inelastic enough, historical cost is welfare enhancing.

Who Is More Likely To Be Delinquent In Their Mortgage Payments Among Homeowners? The Role Of Financial Literacy, Ellie Donne Hansen

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

Homeownership is a way for families to build wealth and marks status attainment. Despite the many benefits of homeownership, homeowners who are delinquent on their mortgages lose the effective means of wealth accumulation and may trigger the beginning of the foreclosure process. There is evidence that homeowners with appropriate levels of financial literacy have a lower likelihood of mortgage delinquency.

Using data from the 2018 National Financial Capability Study (NFCS), the main purpose of this study was to examine what factors are associated with mortgage delinquency among homeowners. This study also examined to what extent financial literacy plays a role …

Do Board Diversity And Gender Quotas Affect Firm Value? Evidence From California Assembly Bill No. 979, Emily Kelleen Blake, Sepideh Raei, Katarzyna A. Bilicka, Todd Griffith

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

We analyze the stock market reaction and returns for California-headquartered companies following the announcement of AB 979 (California Assembly Bill 979) that was signed into effect on September 30th, 2020. AB 979 requires public firms headquartered in California to meet board gender and diversity quotas by December 31st, 2021. Cumulative abnormal returns in a [-1, +1] event window average a 0.98% abnormal return as benchmarked against all publicly traded firms and a 1.29% abnormal return when benchmarked against our control group (of firms headquartered outside of California). California headquartered firms with exclusively male boards had a larger cumulative abnormal return …

Measuring The Intensity Of Mymotivators™ / Whole Brain® Communication In Print Advertising, Tanner Schulz

Undergraduate Honors Capstone Projects

Advertising’s purpose is to create a state of mind conducive to purchase (Colley, 1961).

This study seeks to identify, measure, and understand the intrinsic motivators communicated within print advertisements and quantify their intensities. The theory is that ads with more intense motivator content - distributed somewhat evenly across all four quadrants of the Whole Brain ® Model - will be more effective in influencing that state of mind.

This research is the first step in identifying, quantifying, and visualizing motivators communicated within print advertisements. The study analyzed 15 print ads found in contemporary magazines.

The framework for this work is …

The Volatility Implications Of The Chinese Cryptocurrency Ban, Keaton Manwaring

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

In this paper, I examine the effect of the May 18^th, 2021 Chinese ban of cryptocurrency transactions on the overall volatility of the cryptocurrency market. To do this, I analyze, in both univariate and multivariate settings, range-based volatility in various event windows surrounding the event. I find clear economic and statistical change in volatility in the five days after the ban. In the ten-day period after the ban, there is a moderate economic change in volatility. In the forty-day period after the ban, there is little economic change in volatility. I conclude that the Chinese ban had a …

A Reexamination Of The Illiquidity Premium In Cryptocurrencies, Wyatt Fitz

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

In this study, I examine the illiquidity premium amongst the 372 most actively traded cryptocurrencies from September 2014 to May 2021. I find that the average returns on the most illiquid cryptocurrencies are larger than those on the most liquid cryptocurrencies. My results are robust to different weighting mechanisms for the market index and to various asset pricing model specifications. These results suggest that an investor might be able to go long a portfolio of illiquid cryptocurrencies while simultaneously shorting a portfolio of liquid cryptocurrencies to effectively generate a positive risk-adjusted return.

Forecasting Stock Market Prices: A Machine Learning Approach, Abraham Alhomadi

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

There has been extensive literature written about the efficiency of the stock market. Practitioners and academicians have debated whether investors can exploit publicly available information to generate excess returns. Clearly predicting the stock market’s return with high accuracy has been enormously difficult, but we are interested in contributing to the continuous exploration of the efficiency of the stock market using machine learning techniques. We also want to examine the relationship between our dataset’s macroeconomic indicators and foreign nations’ stock markets with our target feature—the S&P 500. In this paper, we will be using supervised machine learning models, like Linear Regression, …

The Non-Fee Costs Of Grazing On Idaho State Grazing Leases, Dexton Lake

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

In 2018, Idaho became interested in assessing and raising the grazing fee for state grazing ground. The state commissioned a study to analyze the non-fee costs of grazing, but for various reasons the study was not completed. In 2021, a proposed adjustment was released by the Idaho Department of Lands to raise the fee. In a desire to obtain the non-fee costs of grazing for Idaho state leases and to get stakeholder input, the Idaho Farm Bureau Federation and a research team from Utah State University surveyed Idaho producers to obtain costs per AUM for eleven cost categories. These cost …

Factors Associated With Financial Stressors, Financial Stress, And Financial Behaviors, Paula Andrea Lopez Alvarado

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

As of the end of the first quarter of 2021, overall consumer debt reached $14.64 trillion. The more debt a family has, the higher the reported levels of financial stress the family reports. Using data from the 2018 National Financial Capability Study (NFCS), the purpose of this study was to examine the associations among financial stressors, financial stress, and positive and negative financial behaviors. The findings of this study suggested that Black individuals had the highest levels of financial stressors, financial stress, and negative and positive financial behaviors among four racial/ethnic groups. The findings also suggested that high financial stress …

Drone Technology In Agriculture Appraisal, Cj Johnson

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

The purpose of this project is to conduct a cost-benefit analysis of implementing a UAV/drone technology within agricultural appraisals. This project is categorized into four categories; introduction, literature review, methodology, and conclusions. The methodology portion of the project is a capital budget analysis measuring the effectiveness of UAVs within the appraisal department. The capital budget will be further developed by conducting a Present Value (NPV) analysis. The NPV analysis consists of a five-year NPV analysis measuring changes in productivity and total revenue caused by UAV technology.

Results were found by using @Risk simulation to simulate data gathered during the project. …

Short Selling Around Reverse Stock Splits, Ryan Voges

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

I examine whether short selling increases around reverse stock splits using 2019 daily short selling data instead of bimonthly short interest data required by FINRA. In my difference-in-difference analysis, I find that average short selling increases significantly for firms that reverse split their stock, relative to matched control firms that do not, around the split dates. I also find that firms that reverse split their stock experience negative cumulative abnormal returns in the 20-day period after the reverse stock splits, particularly for those firms that are heavily shorted. These results are in agreeance with existent literature and suggest that short …

The Effects Of Bank Lobbying And Elections Surprises, Gregory Logan Tarbet

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

This paper examines the stock market reaction to banks that lobby relative to banks that did not lobby in the period around the November 9, 2016, U.S. presidential election. Using three different methods of event studies to calculate the cumulative average return, we find that lobbying in banks has a meaningful relationship to an abnormal increase in those firm’s stock prices. Then we attempt to control for both the systemic importance and size of these institutions by performing cross-sectional regressions that include matched size, and the systemic nature of the banks. The results suggest that a heavily regulated industry such …

Retail Trading And Stock Volatility: The Case Of Robinhood, Cooper Jones

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

We examine the relation between Robinhood usership and stock market volatility. We show that daily fluctuations in Robinhood usership, which is used to proxy retail trading, significantly influence various measures of volatility. These results might suggest that Robinhood users contribute to noise trading as they are generally individuals trading on name recognition, media coverage, popularity, and familiarity of products, rather than on fundamental values. In our empirical approach, we find that the percentage increase in Robinhood usership Granger causes increases in daily stock volatility.

Pharmaceutical Stock Prices Around Medicare Part D Expansion, Spencer Powell

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

On January 1, 2006 Medicare part D expanded, giving prescription coverage to many Americans. This event offers an interesting question regarding market efficiency, specifically because Medicare expansion was introduced into congress as far back as 1999. Because Medicare part D affected pharmaceutical drug coverage, this study focuses specifically on securities in the pharmaceutical industry. Following an efficient market hypothesis, we would expect to see significant abnormal returns in the post event window, anticipating the legislations effect on demand within the industry. Results showed significant abnormal returns in post-event window, but not in the pre-event window. The returns in the post-event …

Risk_Dash, A Python Framework To Model Portfolio Risk, Alexander Van Oene

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

While there are many Python packages that provide ways to do data analysis, in fact the package utilizes pandas, numpy, and scipy heavily, there are few that apply and handle common tasks that analysts face in quantifying market risk. pyfolio is one of those packages, however it forces you to utilize their infrastructure package Zipline where as risk_dash aims to provide a framework to formalize the data flow while being totally customizable for the analyst. risk_dash is comprised of classes and methods to handle the data flow and calculation of market risk metrics at the asset and portfolio level. In …

Corporate Venture Capital And Its Effects On Company Valuation - An Analysis Of The Additions Of Cvc Arms, Joshua Lyman

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

This paper examines the stock price reaction to the addition of corporate venture capital arms to publicly traded companies. Referencing venture capital resources, corporate press release announcements of the addition of CVC arms were hand collected. I calculate the cumulative abnormal returns (CARs) surrounding press release announcement dates and find immediate stock market reactions, positively increasing stock prices compared to the overall market. I further perform placebo event studies at random dates and with direct competitors using the same announcement dates and find no significant results. These findings suggest that corporate venture capital increases company valuation and that financial markets …

Predictive Modeling For Real Estate Days On Market, Jeffrey Brann

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

Many forms of property valuation exist but estimation models for duration on market are not as common. This Paper examines a variety of variables as well those that would be found in a hedonistic valuation model and applies them to a predictive model estimating a property’s duration on market. A brief real estate market analysis is also provided regarding Cache County, Utah to give better clarity as to the environment in which this predictive model is performing.

The Potential Of Ivf, Jae Anderson

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

As in-vitro fertilization (IVF) has become more available and more affordable, it has become one of the top breeding technologies in the beef and dairy industry. Intermountain Embryonics of Twin Falls, Idaho has made it an available technology for producers in Idaho and parts of surrounding states. Intermountain Embryonics has struggled to show potential clients the financial potential IVF has to offer. This study shows the revenues, expenses, and risks involved in IVF. This study looks at the comparison of breeding natural service with a bull, artificial insemination, and in-vitro fertilization. The comparison shows that natural service comes with the …

Testing Investment Strategies For Superior Predictive Ability, Jack K. Baldwin

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

When different models are tested on one data sample and repeatedly altered in order to be found significant, the results are likely spurious. This is data-snooping – an ever-growing problem in the finance industry likely due to fierce competition and developments in data processing capacity. In academia, although recognized as a deplorable practice, data-snooping is likewise pervasive perhaps as a result of poor incentive structures at both the university and publisher levels. I manifest the problem of data-snooping through multiple academic and industry examples and then summarize Halbert White and Peter Hansen’s offered solutions, White’s Reality Check and Hansen’s Test …

Retaining Ownership Of Calves- Obendorf Farms, Gabrielle Bishop

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

Retaining Ownership is when a producer chooses to obtain ownership of their calves until they have reached a finished weight and are ready to be sent to slaughter. Cow-calf producers generally sell their calves at weaning time or within a few months of weaning. Every operation as their own way of doing things and sometimes change is hard to come by. Obendorf Farms wanted to evaluate, at what point in time would it be best to sell their 2020 calf crop? Four different scenarios were analyzed. The first scenario involved no change from previous years which, is selling their calves …

Economic Analysis Of Backgrounding Calves, Jayden Gunnell

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

The purpose of this thesis is to allow beef producers a better insight into the costs and benefits associated with carrying over fall calves to yearling weight and selling them the following spring. Producers are usually seen as risk-averse when it comes to selling their livestock. (Feuz, Fausti 1995) Cattle producers face several decisions during the year when it comes to calf input costs and the premium to be received for fall calves, with the final decision coming at the last minute, when making the decision to keep or sell calves. Said calves might be sold in the fall or …