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Full-Text Articles in Business
The Impact Of Immigration On Financial Markets, Jesse Baker
The Impact Of Immigration On Financial Markets, Jesse Baker
All Graduate Plan B and other Reports, Spring 1920 to Spring 2023
This paper studies the impact of immigration policy on financial markets. I estimate the cumulative abnormal returns surrounding two events the effective start date of the Immigration Act of 1990 and the implementation of the Temporary Protected Status (TPS) of Nicaragua and Honduras in 1999. Focusing on agriculture, construction, and manufacturing firms, I find that the CARs surrounding the events are indeed positive and significant, suggesting that the market anticipated growth among industries that are likely to hire Central American immigrants.
An Inquiry Into The Regulation Of Social Media Disclosure Policy And Its Impacts On Retail Investor Trading Activity, Sebastian Georg Soldner
An Inquiry Into The Regulation Of Social Media Disclosure Policy And Its Impacts On Retail Investor Trading Activity, Sebastian Georg Soldner
Chancellor’s Honors Program Projects
No abstract provided.
The Cfa Research Challenge, Kevin Grube
The Cfa Research Challenge, Kevin Grube
Honors Student Research
This paper explores the CFA Research Challenge, a financial analysis competition, and what it entails. The paper expands on a wide range of topics regarding the challenge, motivations of its competitors, class influences towards the challenge, and tips and tricks for future competitors. The paper includes my team's finalized research paper and includes our graded rubrics. It also discusses my opinions on the CFA as an organization, detailing my distaste with the professionalism I observed over the challenge.
Strategies To Sustain Small Accounting Businesses For Longer Than 5 Years, John Chidi Nwabueze
Strategies To Sustain Small Accounting Businesses For Longer Than 5 Years, John Chidi Nwabueze
Walden Dissertations and Doctoral Studies
Small businesses represent over 99% of all United States businesses and are engines of economic growth and job creation. In 2018, the Small Business Administration estimated that a total of 30.2 million small businesses employed over 58.9 million workers. Small businesses are known to face significant challenges, and most fail within 5 years of startup. The purpose of this multiple case study was to explore strategies that owners of small accounting businesses used to sustain their organizations for longer than 5 years. The population in this study consisted of 5 owners of small accounting businesses in Michigan. The conceptual framework …
The Future Of The Euro In A Post-Greek Environment: Opportunities And Perils, Mallory Orr
The Future Of The Euro In A Post-Greek Environment: Opportunities And Perils, Mallory Orr
Senior Honors Projects, 2010-2019
This thesis will discuss the integration across Europe within the past century that led to European monetary union with the creation of the euro currency. It will then explain how the global financial crisis manifested in Europe, namely with the European sovereign debt crisis. This crisis deeply affected the economy of the eurozone, notably Greece and other southern European nations. Finally, this thesis will examine the future of the currency as well as the European Union.
M&A Performance: Market’S Initial Reaction As An Unbiased Indicator Of Post-Acquisition Performance, Nikolaos Papageorgiou
M&A Performance: Market’S Initial Reaction As An Unbiased Indicator Of Post-Acquisition Performance, Nikolaos Papageorgiou
CMC Senior Theses
This paper investigates the reliability of the stock market’s initial reaction to M&A announcements as a predictor of actual post-acquisition performance. The two prevailing methods for evaluating M&A performance are event studies (stock market-based measures) and accounting-based measures. The present study combines these two performance evaluation approaches in a single empirical examination. Both the post-merger buy-and-hold abnormal returns and changes in ROA are used as actual post-acquisition performance variables. The acquirer’s cumulative abnormal return (CAR) around the announcement is used as the market predictor variable. An econometric model is employed to test the predictive power of the announcement-period CAR on …
Are Cds Auctions The Tail Wagging The Dog? An Empirical Study Of Corporate Bond Return Volatility At The Time Of Default, Jennifer Mace
Are Cds Auctions The Tail Wagging The Dog? An Empirical Study Of Corporate Bond Return Volatility At The Time Of Default, Jennifer Mace
CMC Senior Theses
Over the past decade, numerous engineered credit events and cases of market participants manipulating bond prices to influence Credit Default Swap (CDS) auction payouts have occurred. These cases have become increasingly common, and the CFTC has stated they may constitute market manipulation and undermine not only the CDS market but also the credit derivative and default markets. Although there is a plethora of news and media coverage on publicized cases, there is no previous empirical research on evidence of these practices. This paper is motivated by the desire to determine if there is indirect evidence of bond price manipulation around …
The Fall Of The 10-K Report: Measuring The Impact Of Accounting Ratios On Financial Performance, Matthew Daruty
The Fall Of The 10-K Report: Measuring The Impact Of Accounting Ratios On Financial Performance, Matthew Daruty
CMC Senior Theses
The annual 10-K report has historically been the most important aspect in assessing the position of a publicly held company. However, as the flow of information has increased with the dawn of new technologies, less and less attention has been paid to these audited financial statements. In order to assess if investors are still reacting to the information contained in the annual report, this paper examines the relationship between accounting ratios and stock price in banks traded on United States stock exchanges. By examining accounting ratios instead of simply looking at Earnings Per Share, new information was revealed regarding what …
Capital Financing Strategies Of Small-Scale Contractors In Nigeria, Tony Emeka Anamege
Capital Financing Strategies Of Small-Scale Contractors In Nigeria, Tony Emeka Anamege
Walden Dissertations and Doctoral Studies
Small-scale contractors in Nigeria, as small business owners, face challenges accessing external sources of capital financing. Inadequate sources of working capital is one of the major reasons for poor business performance and failure. A multiple case study approach was used in this study to explore how small-scale contractors obtained capital financing to grow their businesses. The study population included small-scale contractors in the construction industry in Nigeria. Credit rationing model was chosen as the conceptual framework for the study. Semistructured interviews were used to collect data from 5 participants. Data analysis included thematic coding of the data using qualitative data …