Business Commons^™

Economic Consequences Of Equity Compensation Disclosure, Jeremy Bertomeu

Olin Business School Faculty Research

The primary role of equity compensation is to provide incent ives to an effort-averse agent. Here, we show that the chosen level of equity incentives, whe n publicly disclosed, will also convey information about future earnings, causing two-way linkages between incentive com- pensation and financial reporting. If either (a) market pric es respond more (less) to informa- tion, (b) the manager is more (less) risk-averse, (c) earnin gs are more (less) noisy, then the firm’s owners choose more pronounced (muted) incentives, in turn leading to greater (lower) future earnings. The model explains observed spurious corr elations between firm perfor- mance …

Taxation And Doing Business In Indian Country, Erik M. Jensen

Faculty Publications

Furthering investment in Indian country (a term that includes, but is not limited to, reservations) is an important goal, but potential investors are hesitant - and with reason. One disincentive to invest is uncertainty about tax liability. Understanding taxation in Indian country requires knowledge not only of traditional tax law, but also of American Indian law principles dating from the early nineteenth century, and not many practitioners are up to that task. This article tries to make sense, as much as is possible, of the doctrines that have developed over the centuries.

The article first discusses some basics: the concept …

Tourism In Montana's Indian Country, Christine Oschell, Megan Tanner, Norma P. Nickerson

Institute for Tourism and Recreation Research Publications

The purposes of this research were to gather baseline data on travelers who visit Indian Country in Montana and to further understand why some travelers who are in the vicinity of Montana's Indian Country do not choose to visit the area.

Analytics For Business, Policy And Law In A Comparative Review Of Enhanced Wireless Emergency Number Call Services Systems In The European Union And United States, James E. Holloway, Elaine Seeman, Margaret O'Hara, Arno Forst

School of Accountancy Faculty Publications

No abstract provided.

The Development Of A Comprehensive Logistics And Transportation Software Technology Survey Instrument, Claudia Andreani, Rezell Cohen, Kevin Welch

All Volumes (2001-2008)

In this paper, we developed a comprehensive survey instrument that will be distributed to the leading U.S. Logistics and Transportation schools. We describe the specific procedures that were followed to build the preliminary version of our survey. We hope that this survey will help the Coggin College of Business at the University of North Florida learn about the leading software technology adoption patterns at our peer institutions.

Human Resource Administration In The Academic Library, Dennis R. Defa

Library Scholarship

Libraries at colleges and universities provide a challenging environment for the practice of human resource (HR) administration. The dynamics and structure of the academic library within the higher education community create complex environments for the library administrator attempting to navigate the myriad rules and regulations (state, federal, and institutional) that affect staff recruiting, hiring, processing, compensating, and related functions for library personnel. Depending upon the complexities of the HR function in any academic library, the organization may be best served by designating an HR expert as a member of the library’s administrative team. This article will review the HR function …

Textbook Bundling : Is It Really Worth The Sum Of Its Parts, Kati Simmons

Honors Theses

Studies have been conducted examining the impact of commodity bundling on company profits and the premium prices charged for these bundles. With recent news of the skyrocketing costs of higher education, it is critical to highlight the specific effects of commodity bundling on the prices of textbooks. A study performed by the Government Accountability Office in 2005 cited that a main cause of increasing textbook prices is the recent inclusion of textbook supplements such as software and workbooks. This paper investigates the impact that different types of supplements have on the overall price paid for the bundle. Aggregate sales data …

Is Identical Really Identical? An Investigation Of Equivalency Theory And Online Learning, Ruth Lapsley, Brian Kulik, Rex Moody, J. B. (Ben) Arbaugh

All Faculty Scholarship for the College of Business

This study investigates the validity of equivalency theory among 63 students by comparing two introductory upper-division human resource management courses: one taught online, the other in a traditional classroom. Commonalities included same term, same professor, and identical assignments/tests in the same order, thus allowing a direct comparison of course outcomes. MANCOVA results supported equivalency theory, and further suggest that the online learning pedagogy may be superior in its overall effect on student performance.

Informational Outline: The Blue Foundation For A Healthy Florida Technical Assistance For Request For Proposals, The Blue Foundation For A Healthy Florida

Florida Blue Archives Printed Materials

No abstract provided.

Competition For Andersen's Clients, Mark Kohlbeck, Brain W. Mayhew, Pamela Murphy, Michael S. Wilkins

School of Business Faculty Research

We examine competition for Andersen’s public clients during and after its failure in 2002. This setting provides a natural experiment to examine audit market dynamics at the local level. We construct a database documenting Big4 purchases of local Andersen offices. After exploring the factors associated with office purchases, we examine the impact of office purchases on public client market share gains and changes in audit fees. We find that three Big4 firms – Deloitte, Ernst & Young, and KPMG – purchased approximately 60% of Andersen’s offices while PricewaterhouseCoopers did not purchase any. The probability that a firm purchased a specific …

Marketing Seventh-Day Adventist Higher Education : College-Choice Motivators And Barriers, Vinita Sauder

Dissertations

Purpose. Approximately 75% of Seventh-day Adventist college-bound youth do not attend the church's 15 colleges in North America. This study explored the views of Adventist college-bound participants regarding the factors (motivators and barriers) that influence college choice.

Method. Utilizing a mixed methods approach, qualitative and quantitative data were collected in a sequential two-phase design. Insights from focus groups conducted in Los Angeles and Nashville guided the development of a nationwide telephone survey of college-bound Adventists. Three groups sorted by type of high school were identified from a sample size of 226 and compared in terms of awareness and college-choice motivators …

Maximizing Correlation In The Presence Of Missing Data, Xinfang Wang

Logistics & Supply Chain Management: Faculty Publications

In this paper we address the problem of maximizing the correlation between two vectors of time series data, when one of the vectors has missing data and the timing of the missing data is unknown. The motivation for this work comes from environmental monitoring where because of monitoring malfunction, some data are lost. We study the use of integer programming and a genetic algorithm (GA) for this problem.

Dynamic Leadership: Toolbox For The Value-Based Entrepreneurship, Chun (Grace) Guo, Sinead G. Ruane, Alexandra Galli-Debicella, Phuong Anh Nguyen, Charles C. Manz

WCBT Faculty Publications

Four entrepreneurship models are proposed which lend guidance in the development of a business, from birth to exit, each examining ways to maintain the business founder’s initial vision and to continue to infuse values and ethical decision-making at each stage of development.

The Professional Bull Riders Tour: Growth And Development Of A Niche Sport, Peter A. Maresco, Joshua Shuart

WCBT Faculty Publications

The Professional Bull Riders Tour (PBR) presents an opportunity to study a niche sport in transition. After its days as simply a part of the rodeo, the tour has seen tremendous growth as a separate, independent activity. This paper highlights the beginnings of the PBR and its eventual development into one of the highest earning and most watched non-prime-time spectator sports. It also focuses on the development of the marketing behind the PBR and includes an analysis of sponsors and ancillary marketing activities.

An Assessment Of The Impact Of The Sarbanes-Oxley Act On The Investigation Violations Of The Foreign Corrupt Practices Act, Karen Cascini, Alan L. Delfavero

WCBT Faculty Publications

During the late 1990s and early 2000s, a plethora of corporate scandals occurred. Due to these corporate debacles, corporate executives have been placed under fire. In response to such unethical conduct with regard to internal practices and financial reporting, legislation has been passed in order to ensure that corporations conduct their business in an ethical manner. The purpose of this paper is to assess the connection between the Foreign Corrupt Practices Act of 1977 (FCPA) and the Sarbanes-Oxley Act of 2002 (SOx), to determine whether SOx has influenced the FCPA’s investigative violation activities by examining the number of such investigations …

From Odious Debt To Odious Finance: Avoiding The Externalities Of A Functional Odious Debt Doctrine, Christiana Ochoa

Articles by Maurer Faculty

This Article looks at the generally agreed upon characteristics of the odious debt doctrine and considers the unintended consequences and externalities that would ensue if this doctrine were ever made regularly operative. The enlivened scholarly debate surrounding the odious debt doctrine assumes that debt is the sole finance vehicle for despotic governments. This is simply not the case.

Debt is not the sole finance vehicle; despots are able to raise funds through a wide variety of other methods. These include the pillaging of the nation's natural resources, property, and other valuable asset as well as the exploitation of the nation's …

Building International Business Via Culturally Based Marketing Strategies, Amber Sook Ja Belcoe

Whittier Scholars Program

This project analyzes the significance of utilizing cultural intelligence to help the small and/or entrepreneurial firm develop the most effective and comprehensive multinational marketing strategy. This study also evaluates the methodologies used by two United States based multinational firms, Aon Corp. and Dell Corp. to develop a marketing strategy for Spain. This project also features data from personal interviews with senior executives of the two firms, extensive use of published articles, research, government publications, video and multimedia materials, and supplementary sources of information specific to multinational marketing strategies and cultural intelligence. The outcome of this project is to identify the …

Lake 'N Sea Speedboats, Geoffrey D. Reynolds

Faculty Publications

Lake 'n Sea Speedboats concerns the manufacture of the Lake 'n Sea boat line by the LakenSea Boat Corporation (a division of Southern Plastic Corporation), Chris-Craft Corporation, Parsons Corporation and Michigan Fiberglass Company, Holland, Michigan.

Institutions Matter: Why The Herder Problem Is Not A Prisoner's Dilemma, Daniel H. C., Peter Z. Grossman

Scholarship and Professional Work - Business

In the game theory literature, Garrett Hardin’s famous allegory of the “tragedy of the commons” has been modeled as a variant of the Prisoner’s Dilemma, labeled the Herder Problem (or, sometimes, the Commons Dilemma). This brief paper argues that important differences in the institutional structures of the standard Prisoner’s Dilemma and Herder Problem render the two games different in kind. Specifically, institutional impediments to communication and cooperation that ensure a dominant strategy of defection in the classic Prisoner’s Dilemma are absent in the Herder Problem. Their absence does not ensure that players will achieve a welfare-enhancing, cooperative solution to the …

Building Momentum For Business School Curriculum Change: Measurable Lessons From A Pilot Course In Real Business Experience, Mark Uchida, Craig B. Caldwell, Friel Terry, Lawrence J. Lad

Scholarship and Professional Work - Business

Curriculum change requires thoughtful planning and a willingness to experiment with different modes of content delivery. While many business schools are experimenting, few measure student outcomes against the traditional courses they replace. One element of Butler University's College of Business Administration curriculum revision was a pilot course, "Real Business Experience ", in which students developed a professional business plan, sought and received funding from a professional level funding panel, and ran their businesses. To determine whether the pilot course was successful in reaching its goal of "teaching students about the messiness of business and developing more adaptable and confident business …

Do Different Iindustries Report Corporate Social Responsibility Differently?: An Investigation Through The Lens Of Stakeholder Theory, Lorraine Sweeney, Joseph Coughlan

Articles

The social responsibility of business has become a major issue in recent years and the reporting of such activity is becoming more prevalent. Companies are attuning to the benefits of being seen as socially responsibly and many industries are jumping on the bandwagon of reporting CSR and using different media to communicate their activities in this arena to their stakeholders. This paper considers the content of one type of such communications, the annual report, and looks at how organisations are taking a focused stakeholder view of CSR rather than a wider view as would be expected from the ambiguity of …

Non-Eea (European Economic Area) Entrepreneurs Face No Additional Barriers Than Their Eu Counterparts, When Starting A Business In Ireland., Anthony Garvey

Theses

Do ethnic minority entrepreneurs (EMEs) seeking to start up a business in Ireland operate on a level playing field with their EU counterparts? Or are there unique barriers that EMEs face and if so, what are they and how do we tackle them?

This dissertation examines all of these questions and reveals whether racism or red tape, lack of finance or language skills is suffocating ethnic entrepreneurship more.

It explores the very latest research papers, and reports and combines both qualitative and quantitative data, with a series of semi-structured interviews and a questionnaire aimed squarely at entrepreneurs.

The dissertation discovers …

Young Irish Adults In Civil Society: Volunteering, Reflexive Identity Work And Social Capital, Geoffrey Robert Weller

Doctoral

This thesis seeks to explain how young Irish adults are capable of achieving identities as episodic volunteers. Participation in civil society in Ireland is changing, with new forms of volunteering emerging (Donoghue et al 2006). Issues of identity and identity construction appear to be symptomatic of these changes (Beck and Beck-Gernsheim 2002). This research focuses upon young Irish adults identity work as they discursively construct their episodic volunteering (Macduff 2005). The research uses a discourse analysis lens (Wetherell 1998; Wetherell and Edley 1998, 1999; Edley and Wetherell 1995, 1996, 1997, 1999; Edley 2001). It is based upon 17 intensive interviews …

Role Of The Sales Manager And Its Intersection With Sales Technology, Stephen Kennelly

Masters

The area of sales management and technology is an expanding and dynamic field of research. Examining the impact and facets of technology in the arena of sales management has been steadily increasing over the past few decades as sales managers and industry seek to benefit from the multiple uses of technology. Large scale quantitative sales research itself in Ireland has been limited over the past 15 years and not since De Burca and Lambkin (1991) performed an analysis of the industry has there been any wide scale research in Ireland. This body of work seeks to follow on from De …

Agent-Based Modeling And Possible Implications On Management And Engineering Management, Ipek Bozkurt, Jose J. Padilla, Andres A. Sousa-Poza

VMASC Publications

Engineering Management (EM) is a discipline that takes pride in bridging two major fields, namely engineering and management. It is clear from any basic research conducted within this field that both engineering and management tools and paradigms need to be used jointly. A mixture that encompasses quantitative and qualitative research, as well as theoretical and empirical research is found in literature, making Engineering Management, as a discipline, very complex in nature. As this complexity evolves, so should the tools of the craft. It is interesting, however, to see that Agent-Based Modeling (ABM) as a tool or as a topic of …

Continence Care: The Need For Creativity And Innovation, Karen A. Karlowicz

Ellmer School of Nursing Faculty Publications

(First paragraph) In April 2007, I attended a conference quite different from anything I had previously experienced. The conference, Innovating for Continence: The Engineering Challenge, was hosted by the Simon Foundation for Continence. As the title implies, this was not your usual conference about the diagnosis, treatment, and management of urinary incontinence. Rather, it was a conference dedicated to exploring technological advances in continence care. The central question throughout this two-and-a-half day event was, "What can be done to simulate continence technology to ensure the most effective management for persons who suffer with this problem?"

Three Essays In Options Pricing: 1. Volatilities Implied By Price Changes In The S&P 500 Options And Future Contracts 2. Price Changes In The S&P Options And Futures Contracts: A Regression Analysis 3. Hedging Price Changes In The S&P 500 Options And Futures Contracts: The Effect Of Different Measures Of Implied Volatility, Jitka Hilliard

LSU Doctoral Dissertations

In this work, I develop a new volatility measure; the volatility implied by price changes in option contracts and their underlyings. I refer to this as implied price change volatility. First, I examine the time series behavior of implied price change volatility and investigate possible moneyness and maturity effects. I compare these characteristics to those of the usual implied volatility measure and the historical volatility of the S&P 500 index. Then, I investigate the performance of the implied price change volatility in a regression setup and in hedging applications. I compare the performance of hedges using daily updated implied price …

Persuasive Design Of Destination Websites: An Analysis Of First Impression, Heejun Kim, Daniel R. Fesenmaier

Publications and Research

This research examines the persuasiveness of destination websites through an investigation of users’ first impression. To achieve this goal, it builds on research by Fogg (2003) and by Kim and Fesenmaier (2007) to assess the effect of the design factors of destination websites on first impression formation. The results of this study indicate that the subjects were able to make quick judgments on tourism websites, and that inspiration and usability were the primary drivers evoking a favorable first impression. This research concludes by discussing the implications of these findings and possible directions for future study.

Corporate Entrepreneurship As Resource Capital Configuration In Emerging Market Firms, Daphne W. Yiu, Chung-Ming Lau

Research Collection Lee Kong Chian School Of Business

Network-based resource capital such as political capital, social capital, and reputational capital are critical in providing firms with special access to various resources and legitimacy in emerging markets. However, how these generic nonmarket forms of capital are transformed into value-adding, industry-specific, and firm-specific uses, which subsequently enhance firm competitiveness, remained unanswered. Adopting a dynamic capability approach, this paper posits that corporate entrepreneurship performs a unique role of resource capital configuration and transformation in emerging market firms by continuously renewing firm competences so that congruence with the changing environment can be achieved. Building on this conceptualization, we argue that the positive …

An Efficient Method For Maximum Likelihood Estimation Of A Stochastic Volatility Model, Junying, Shirley Huang, Jun Yu

Research Collection Lee Kong Chian School Of Business

In this paper an efficient, simulation-based, maximumlikelihood (ML) method is proposed for estimating Taylor’sstochastic volatility (SV) model. The new method isbased on the second order Taylor approximation to the integrand.The approximation enables us to transfer the numericalproblem in the Laplace approximation and that inimportance sampling into the problem of inverting two highdimensional symmetric tri-diagonal matrices. A result recentlydeveloped in the linear algebra literature shows thatsuch an inversion has an analytic form, greatly facilitatingthe computations of the likelihood function of the SVmodel. In addition to provide parameter estimation, the newmethod offers an efficient way to filter, smooth, and forecastlatent log-volatility. The …