Business Commons^™

Regulation S: Offshore Equity Offerings, Marla Sue Howard

Theses and Dissertations in Business Administration

Raising capital in foreign capital markets is common in today's business environment. Investors are aware of the advantages of a globally diversified portfolio and seek overseas investments. The Securities & Exchange Commission (SEC) adopted Regulation S in the United States to clarify the extra-territorial application of the registration provisions of the 1933 Securities Act. The regulation allows companies listed on U.S. stock exchanges to expedite issuance of securities offshore by avoiding the lengthy registration process if the securities are intended to “rest abroad.” Characteristics of equity securities issued under Regulation S from November 18, 1996, the first date that disclosure …

Psychological Influencers Of A Consumer's Innovative Propensity: A Cross-Cultural Examination, Angela D' Auria Stanton

Theses and Dissertations in Business Administration

The purpose of this effort was to focus on measuring the psychological characteristics (specifically perceived risk, dogmatism, fatalism, self esteem, empathy, and cognitive complexity) of the innovative consumer. In order to assess the various relationships and interrelationships that exist in the psychological determinants of innovativeness, a structural modeling approach was employed. The model was also tested in a two country setting in order to determine its robustness cross-culturally. The innovative behavior measure focused on a single domain, the Internet, since innovativeness does not typically overlap across product categories (e.g. Gatignon and Robertson 1985).

Overall, the results of the test of …

Competitive Interaction: The Influence Of Strategic Group Structure, Sherry M. Burlingame

Theses and Dissertations in Business Administration

The assertion that competitive interaction is a central focus of business strategy emerged from the Strategic Management Research Group (SMRG) at the University of Maryland. The premise of this perspective is that competition among firms can be modeled using communication theory to explain how firms in an industry interact. Competition, in this framework, is represented as the series of actions and counteractions, termed responses, that firms undertake to position themselves in their industry. Thus, in this model, interaction (actions and responses) equates with competition. Studies conducted by the members of the SMRG have outlined the relationship of key variables within …

An Empirical Investigation Into Significant Factors Of Moral Reasoning And Their Influences On Ethical Judgment And Intentions, Janet K. Mullen Marta

Theses and Dissertations in Business Administration

This dissertation is a partial test of the Hunt-Vitell (1986, 1993) general theory of marketing ethics, which, along with previous tests of the model and other empirical and theoretical work, serves as the basis for this research. The dissertation model is the most comprehensive test of Hunt-Vitell to date, in the sense that it tests variables at almost every stage of the ethical decision making process described in the Hunt-Vitell theory.

The sample was obtained through a mail survey of American Marketing Association (AMA) practitioner members. Empirical testing was carried out through correlation and regression analysis. Of the seventeen hypotheses, …

The Long-Term Performance Of Initial Public Offerings (Ipos): Venture Capitalists, Reputation Of Investment Bankers, And Corporate Structure, Halit Gonenc

Theses and Dissertations in Business Administration

The Initial Public Offerings (IPOs) literature has uncovered the underpricing, hot issue markets, and long-term underperformance anomalies. The long-term underperformance of IPO firms has gained the focus of recent academic attention. Recent studies document that venture capitalists, and the reputation of investment bankers are associated with the long-term performance of firms going public. The lack of venture capitalists has been shown to relate with the long-term underperformance of IPO firms. On the other hand, IPO firms underwritten by less reputable underwriters have been found to experience more negative long-term market adjusted returns. Unlike previous studies, this study examines the interactive …

First Mover Advantage: An Industrial Buyer Behavioral Perspective, Howard G. Ling

Theses and Dissertations in Business Administration

Contemporary order-of-entry research has shifted from econometric investigations to research grounded in quasi-experimental and empirical consumer behavior studies. In the marketing literature, Carpenter and Nakamoto (1988), Kardes and Kalyanaram (1992), and particularly Alpert and Kamins (1992, 1994, 1995) have examined the role of consumer behavior as a potential explanation of first mover advantage. However, little or no research has been devoted to an understanding of pioneer advantage as it relates to industrial markets.

This dissertation investigated the effect of order of entry on the attitudes of industrial purchasing managers. Six major hypotheses were proposed to examine the cognitive beliefs, attitudes, …