Business Commons^™

Moving Window Unit Root Test: Locating Real Estate Price Bubbles In Seoul Apartment Market, Shuping Shi

Dissertations and Theses Collection (Open Access)

Bubbles are characterized by rapid expansion followed by a contraction. Evans (1991) shows that stationarity tests suggested by Hamilton and Whiteman (1985) and Diba and Grossman (1988) are incapable of detecting periodically collapsing bubbles. Phillips, Wu, and Yu (2006) advanced the forward recursive unit root test which improves the power significantly in the presence of periodically collapsing bubbles. In this paper, we consider rolling window unit root test with a pre-selected optimum window. A combining use of conventional unit root test and forward recursive unit root test is suggested from the results of power comparison. Furthermore, we apply those three …

Regional Trade Agreements Revisited, Hui Chin Tan

Dissertations and Theses Collection (Open Access)

The gravity model is a workhorse for econometric studies of the impact of regional trade agreements (RTAs). Despite its initial lack of theoretical basis, the model has been successfully derived from various trade theories. The latest theoretical derivation by Anderson and van Wincoop (2003) reveals that prior gravity studies have made the critical error of omitting the multilateral resistance variable, which results in biased estimates. Other recent studies have highlighted empirical issues with the commonly used procedure of log-linearizing the gravity model and estimating the parameters using Ordinary Least Squares (OLS) regression. Silva and Tenreyro (2006) point out that this …

Synthetic Collateral Debt Obligation Pricing, Zhanyong Liu

Dissertations and Theses Collection (Open Access)

Portfolio credit products, such as CDO and Single Tranche CDO (STCDO) have gained their popularity in financial industry. The key problem facing by the financial engineers is how to price these portfolio credit derivatives, especially how to model the dependent default structure. Copula model proposed by Li (2000) is widely used in practice. Comparing with simulation, factor copula model and conditional independent framework provide good balance between accuracy and computational efficiency, but it is hard to achieve good performance if sticking to normal distribution. There are a few ways to improve it: introducing Levy distributions, using generic copula functions, and …

The Predictability Of Overnight Information, Zhuo Zhong

Dissertations and Theses Collection (Open Access)

By decomposing close to close returns into close to open returns (overnight returns) and open to close returns (daytime returns), we test the predictability of overnight information, which is captured by absolute values of close to open returns, on daytime return volatility. Applying the stochastic volatility model, we find that overnight price changes contain important information to predict daytime volatility. The predictive power is highest at market opening and declines gradually over the trading day. Moreover, the predictive power is higher for inactive traded stocks than for actively traded stocks.

An Analysis Of Lean Management Procedures In The Irish Audi And Volkswagen Dealer Network, Clive Atkinson

Theses

This study provides an analysis of lean management procedures within Irish motor retailers from the perspective of senior managers working in franchised Audi and Volkswagen dealerships. Richardson (2007) suggests the danger for some organisations operating in good economic conditions is the ability of poor performers to earn healthy profits through little effort, thereby creating a lack of urgency to improve processes within the business. This may be applicable to motor dealerships in Ireland since the advent of the “Celtic Tiger”. Advocates of lean management contend the implementation of lean techniques can increase efficiency within an organisation and create a sustainable …

Is There A Mass Market For Ethical Fashion In Ireland?, Shirley Quinn

Theses

The following research dissertation was carried out with the intention of solving the question of whether there is a mass market for ethical fashion in Ireland. To answer this question, awareness of ethics in fashion among Irish consumers was investigated, along with general attitudes to ethical fashion, and whether ethics affects fashion purchase behaviour. The research was carried out over the space of six months and comprised a triangulated multi-method approach, consisting of primary and secondary research. Quantitative descriptive research was conducted through a questionnaire and the primary qualitative method used was a focus group. Secondary research took the form …

Essays On Modeling Of Blind Principal Bid Basket Trading Cost, Tin Shan Suen

Dissertations, Theses, and Capstone Projects

The following is an executive summary of three essays on the modeling of the blind principal bid (BPB) basket trading cost, each focusing on different issues. The first essay, "How does a liquidity provider price a blind principal bid basket - An empirical perspective," investigates various determinants of the blind principal bid basket trading cost. I extend Kavajecz and Keim's (2005) model by identifying the price determinants based on the liquidity provider's behavior. The model developed in the first essay, however, is not a structural model because it is not based on any theoretical framework. That is addressed in the …

An Investigation Of Women’S Career Progression Decisions As A Significant Determinant Of The Under-Representation Of Women At Senior Management Levels In Ireland, Christine Cross

Theses

Recent decades have witnessed unprecedented changes both in the world economy and in the composition of workforces internationally, resulting in a significant rise in female economic activity rates. Women’s increased involvement in the labour force is, however, not paralleled within the management levels of organisations. The persistent nature of the dearth of women in executive roles provides the context for this study. The unique focus of this thesis is women in middle-level management positions, as managers at this level are viewed as successors to senior organisational roles. Thirty female managers were interviewed, from organisations representing a wide range of industry …

Relationship Among Supervisors' Transformational And Transactional Leadership Styles, And Teachers' Job Satisfaction In Taiwan Higher Education, Chi-Ling Sung

Graduate Student Dissertations, Theses, Capstones, and Portfolios

This study examined the influence of supervisors' transformational and transactional leadership styles on job satisfaction of college and university in Taiwan. The purpose of this study was to examine the relationship between supervisors' transformational and transactional leadership styles, and the satisfaction of Taiwan's higher education instructors. The number of teachers at the university level in Taiwan rose 36.8% from 1951 to 2004; therefore faculty job satisfaction is an important issue. Schools want to keep their faculty and reputation to maintain a competitive edge. This non-experimental, quantitative, explanatory correlation and explanatory comparative survey research explores the relationship between supervisors' transformational and …

Organizational Characteristics, Knowledge Management Strategy, Enablers And Process Capability: Knowledge Management Performance In U.S. Software Companies, Hsin-Jung Hsieh

Graduate Student Dissertations, Theses, Capstones, and Portfolios

Currently, the effect of knowledge management has not been clearly defined or understood and a proper framework for assessing the status of knowledge management is lacking. Most studies examined the relationships among critical factors of knowledge management separately and the empirical research is based on only a few cases or small samples where generalizing the results is significantly reduced. The development of a universal model is necessary as a means to measure relevant constructs.

This correlational (explanatory) online survey research is the first to explore the relationships among organizational characteristics, knowledge management strategy, knowledge management enablers, knowledge management process capabilities, …

Investigate The Wealth Effect Of Investment Banks And Fairness Opinions They Provide In Corporate Mergers And Acquisitions, Weishen Wang

Electronic Theses and Dissertations

The dissertation studies the value of both investment banks' services on the whole and fairness opinions specifically, which the banks provide to the acquiring firms. In the first chapter, I examine how investment banks and acquiring firms' governance quality interact to affect shareholders' wealth in corporate mergers and acquisitions. Although the wealth impact of investment banks in mergers and acquisitions is widely studied in the literature, existing studies do not consider the interaction between governance quality and investment banks. I examine how investment banks and governance quality of acquiring firms interact to affect the wealth of acquiring firms' shareholders. I …

Extracting Quantitative Informationfrom Nonnumeric Marketing Data: An Augmentedlatent Semantic Analysis Approach, Inigo Arroniz

Electronic Theses and Dissertations

Despite the widespread availability and importance of nonnumeric data, marketers do not have the tools to extract information from large amounts of nonnumeric data. This dissertation attempts to fill this void: I developed a scalable methodology that is capable of extracting information from extremely large volumes of nonnumeric data. The proposed methodology integrates concepts from information retrieval and content analysis to analyze textual information. This approach avoids a pervasive difficulty of traditional content analysis, namely the classification of terms into predetermined categories, by creating a linear composite of all terms in the document and, then, weighting the terms according to …

Accomplishment Of Dual Focus In Exploration And Exploitation: The Influential Role Of The Customer Relationship Management (Crm, Janet Tinoco

Electronic Theses and Dissertations

Organizations that can successfully develop both radical and incremental innovations positively impact sustained competitive advantage, dramatically improving their chances of survival and success in both dynamic and stable environments (Han et al. 2001; Tushman and O'Reilly 1996). Experimentation and radical innovation are mandatory knowledge assets for competitive play in emerging markets, but efficiency and incremental innovation are essential for mature markets (He and Wong 2004; Tushman and O'Reilly 1996). The attainment of dual focus between radical and incremental innovation is challenging and calls for organizational architectures of sometimes conflicting processes, structure, and culture (cf, Tushman and O'Reilly 1996; Wind and …

Proposing An Alternative Framework For Feasibility Studies For Large Public Tourism Investments: A Quantitative Analysis Of The, Marcelinio Kock

Electronic Theses and Dissertations

Numerous studies in the hospitality field have focused on the importance of the convention industry to the economic well being of the local tourism industry. Because of intense competition between convention centers, destinations are practicing strategies of expanding their convention facilities and related infrastructure. Unfortunately, many of these expansions appear to have been based on feasibility studies that failed to present rigorous reviews and examinations regarding alleged claims of positive impacts and over-optimistic operational pro-forma statements. The main objective of this study is to propose an alternative framework for feasibility studies, which consists of an updated, rigorous methodology to calculate …

Organizational Justice And Workplace Deviance: The Role Of Organizational Structure, Powerlessness, And Information Salience, Jie Guo Mccardle

Electronic Theses and Dissertations

The purpose of this study is to investigate both individual and structural factors in predicting workplace deviance. Deviant workplace behavior is a prevailing and costly phenomenon in organizations. It includes a wide range of negative acts conducted by employees to harm the organization and its members. In the first section, I conducted a comprehensive literature review. In the review, I first review the current state of research on the relationship between organizational justice and workplace deviance by presenting the various theoretical frameworks, as well as empirical findings. Next, I summarize existing research patterns and identify research challenges that must be …

An Examination Of Relationship Marketing Strategies In Department Stores., Suzanne Hanley

Theses

The purpose of this thesis is to examine relationship marketing strategies in department stores. The objectives of relationship marketing strategies are to make customers feel special (Dwyer et al. 1987) to feel as though the company cares for them (Tzokas and Saren, 1997) and wants to satisfy their individual needs (Buttle, 1996). This thesis sets out to ascertain the effectiveness of various relationship marketing strategies adopted by department stores and to generate theory regarding future customer retention strategies for the industry.

Indications of the effectiveness of relationship marketing are derived through qualitative and quantitative methods employed in the study. In …

Improved Sales Performance Through Effective Sales Training., Michael Falahee

Theses

Ireland’s economic success has been unprecedented between the period of 1993 and present. A number of internal and external factors accounted for this success. The economic performance was driven primarily by a relatively small number of foreign based firms who chose Ireland as their European base. Factors such as globalisation, an increasing domestic cost base and changes in EU legislation have lessened the Irish economy’s attractiveness to foreign direct investment.

Ireland has strong production and operational capabilities; it must develop expertise in two areas to ensure continued future success. These two areas are, building expertise in export sales and marketing …

Default Prediction For Commercial Mortgage Backed Securities, James Scott Dudley

Finance and Real Estate Theses - Archive

Commercial mortgage default has become a topic of interest for a large number of parties due to the emergence and continued growth of the secondary mortgage market. With the multitude of parties holding a vested interest, it is important to develop a highly efficient method of monitoring collateral performance and ultimately be able to confidently predict or anticipate default. This study shows the correlation between appearance of a loan on a Watchlist and its potential to become delinquent in the future. While testing this hypothesis, a model is created that incorporates several other variables readily used to predict collateral performance …

Impingement Heat Transfer In The Leading Edge Cavity Of A Gas Turbine Vane, Amar Jeetendra Panchangam Nivarthi

LSU Master's Theses

Jet Impingement Cooling is an internal cooling technique used in the leading edge cavities of Turbine Vanes. This involves a series of jets impinging onto the internal surfaces of a turbine vane/blade through the impingement plate. For the model tested here, the area around the blade/vane leading edge was studied for both heat transfer performance and aerodynamics losses. The performance of an Impingement cooling system depends on parameters like the spent flow effect on the downstream jet, film cooling configuration, and tip flow condition. The present study focuses on analyzing the effect of these parameters on a unique impingement cooling …

Mitigating Disaster: Mapping Cognitive Processes In Applying Technology To Crises, John Clinton Borne

LSU Master's Theses

Extreme events are sometimes defined as unexpected events in which local resources are insufficient to cope with the extent of the damage and require outside resources to address the hazards specific to the event. For that reason, communities immediately adjacent to disaster areas have a unique and important role in the study of measures to mitigate the effects of the resulting hazards to human life and property. This exploratory study looks at the use of information technology in conjunction with disaster mitigation activities in areas adjacent to a large disaster. The experiences, thoughts, and beliefs of individuals involved in mitigation …

Hi-Tech Cheating: A Study Of Student Attitudes On Academic Dishonesty Involving The Use Of Information Technology, Michael P. Smith

LSU Master's Theses

Despite the fact that research into cheating has continued for several decades, cheating in higher education appears to be widespread and endemic. This may be particularly troublesome for business school students, who, according to some research, appear to cheat more than students in other curriculums. Technology is giving students new opportunities to cheat. Companies are developing products specifically designed to help students cheat. Although there are some resources and tools to help faculty monitor things such as plagiarism, technology is providing a continuous stream of new opportunities for students to cheat, oftentimes without a high likelihood of being caught. Beliefs …

Antecedents And Consequences Of Lifestyle Choice In Public Accounting, Ambrose Jones Iii

Theses and Dissertations

This dissertation examines the effects of healthy lifestyle of auditors in public accounting as a mitigating influence between role stress and job outcomes (performance, satisfaction, and turnover). Based on coping and self-determination theories, the study was designed to investigate the impact of healthy lifestyle as a coping measure that is within the control of the individual, regardless of firm policies or the firm's work environment.To address the research issues, a survey was conducted of professional auditors employed by a large national public accounting firm with offices located throughout the United States. The sample included 1,026 auditors from various regions of …

In-Flight Service Recovery - What's Been Tried, What Actually Works? : An Exploratory Study, Nicole Bennett

Theses : Honours

This study explored airline service failures that occurred in-flight (during the flight) and service recovery techniques attempted within the industry. A mixed methodology was adopted so that the key issues could be identified and the respondents' feelings and motivations could be examined. A questionnaire was developed to investigate in-flight service failures and, if any, the degree of success of the service recovery attempts, as judged by the respondent. Semi-structured interviews were then conducted to explore selected respondents' feelings and the motivations behind their answers. The rich data obtained is important because it gives the study more relevance and depth. This …

The Relationship Between Participation In Professional Development And Level Of Social Capital, Sylvia Caillier Melancon

LSU Doctoral Dissertations

The purpose of this study was to determine if a relationship exists between level of social capital and the extent of participation in professional development activities for professional employees of a profit-based organization located in the Southeastern United States. The researcher used survey methodology to determine the extent of participation in professional development activities within a 12 month period and the level of social capital within an organizational setting. Multiple regression analyses were conducted to determine if a model exists to explain a significant portion of the variance in the extent of participation in professional development activities from selected demographic …

Continuing Professional Education And Its Impact On The Practices And Careers Of Certified Public Accountants, Jean Annette Meyer

LSU Doctoral Dissertations

This research effort was intended to determine the perceived value that continuing professional education has on the careers or practices of certified public accountants licensed in Louisiana. A researcher designed survey incorporated both Likkert type scale responses and open ended questions. The survey was electronically administered to the membership of the Louisiana Society of Certified Public Accountants. The survey focused on the perceived value of and attitudes toward continuing professional education, as well as the desirability of specific methods of delivery. The results of the survey indicated that certified public accountants believe continuing professional education has value. The results also …

The Relationship Of Selected Personal Characteristics Of E-Faculty To Their Perceived Technological Knowledge, Myriah Christin Clark

LSU Doctoral Dissertations

This study investigated the technological development of e-faculty at five randomly selected Carnegie classified (2006) Doctorate-Granting Research Universities with very high research activity (RU/VH) in the Southern Regional Education Board (SREB). The majority of e-faculty report that they do not have release time/reduced teaching load for preparing web-based materials/courses, nor do they have graduate or teaching assistants available for assisting with web-based learning. However, a little over half of them reported having instructional designers or curriculum developers to help with the designing of web-based materials and a large majority reported having adequate institutional research resources (library holdings that are accessible …

The Importance Of The Louisiana Cooperative Extension Service As Perceived By Local Governing Bodies In Louisiana, Peter Charles Cannizzaro

LSU Doctoral Dissertations

The primary purpose of this study was to determine the importance of the Louisiana Cooperative Extension Service (CES) as perceived by members of local governing bodies in Louisiana. The fundamental objective of the CES is the development of people by means of educational programs. Local governing body members (defined as Police Jury/Council Members) throughout the state of Louisiana were surveyed to determine their perceptions of the importance of the Cooperative Extension Service regarding awareness, attendance of programs/events, use of information and if the needs of local residents were being met by the LCES programs and services. Results of the study …

The Effects Of 3-Dimensional Cadd Modeling Software On The Development Of The Spatial Ability Of Ninth Grade Technology Discovery Students, K. Lynn Basham

LSU Doctoral Dissertations

The purpose of this quantitative study was to determine if there is a difference in the development of spatial abilities of ninth grade Technology Discovery students in Mississippi as measured by the Purdue Visualization of Rotations Test. Students experienced one of three differing instructional methods utilizing Pro/Desktop® 3-D CADD solid modeling software. Participants were students in Mississippi schools operating on a 4 x 4 block schedule during either fall or spring semesters during the 2005-2006 school year, and a control group of students whose schools did not offer CADD. Instructional material designed by the researcher was used for two instructional …

Managerial Ability And The Valuation Of Executive Stock Options, Tung-Hsiao Yang

LSU Doctoral Dissertations

The executive compensation literature argues that executives generally value stock options at less than market value because of suboptimal ownership and risk aversion. Implicit in this finding is the assumption that executives are, like shareholders, price takers. That is, they have no ability to influence the outcomes of the firm’s investments. Clearly, executives do have the ability to influence these outcomes, because that is the purpose of granting them the options. In this paper, we develop a model in which managers can exert effort and alter the distribution of the returns from the firm’s investments. We find that when executives …

Estimating The Economic Impact Of Tourism: A Comparative Analysis Of Albania, Croatia, The Former Yugoslav Republic Of Macedonia And Greece, Arjana Çela

Dissertations and Theses @ UNI

This study assessed the economic impact of tourism on investment, government and imports expenditures in Albania, Croatia, the Former Yugoslav Republic (FYR) of Macedonia, and Greece. The objectives of this study were to develop a model to determine the impacts generated from an incremental change in tourist expenditures in the economy of Albania, Croatia, FYR of Macedonia, and Greece; to estimate the multipliers of the tourism expenditures on investment, government and imports expenditures in Albania, Croatia, FYR of Macedonia, and Greece and to investigate the differences and similarities of the economic impact of tourism between Albania, Croatia, FYR of Macedonia, …