Business Commons^™

Cultural And Diversity Perceptions Of It Workers Of Indian Descent, Amy Woszczynski, P. Dembla, Sherri Shade

Sherri Shade

No abstract provided.

Increasing Utilization At The Port Of Davisville, James Kroes, Yuwen Chen, Paul Mangiameli

Yuwen Chen

The Port of Davisville, located at Quonset Point in Rhode Island, is primarily used for the importation of foreign made automobiles into the eastern US markets. Currently, no shipping container traffic moves through the port; nearly all international container traffic into and out of the region moves through port facilities located outside of the local area. This study examines if the port can be utilized to cost effectively ship containerized cargo in and out of local markets.

Bank Stock Returns Under Money Supply Endogeneity: Empirical Evidence Using Panel Data, Zatul Badarudin, Mohamed Ariff, Ahmed Khalid

Ahmed Khalid

There is as yet a study of money supply effect on the aggregate bank stock prices using modern money supply theories. Endogenous money theory suggests loans made by banks cause deposits, and, consequently, bank creates money supply. Resulting changes in bank’s loans and deposits affects bank stock returns: Also, consequent credit creations/reductions affect a bank’s profitability, thus stock prices. Whether money endogeneity is in fact the way the money supply behaves has also not yet been widely tested. Applying panel regression and generalized method of moments, this paper provides new evidence on this little explored relationship between endogenous money supply …

Müşteri Gözüyle Türkiye’De Bankaların Algılanan Kalitesi, Marka Sadakati Ve Marka Değeri (Customer Perceptions Of Perceived Quality, Brand Loyalty, And Brand Equity), Musa Pinar, Zeliha Eser, Tulay Girard

Musa Pinar

No abstract provided.

Corporate Executives' Perceptions Of Marketing Performance: Measurement Issues And Preliminary Findings, Patrick Butler

Patrick Butler

No abstract provided.

Globalization, Reterritorialization, And Marketing, Sudhir Kale, Natalina Zlatevska

Sudhir H. Kale

Accelerated globalization has dramatically altered the ways in which people consume, work, gather information, play and define their identity. Most extant discourse on globalization, particularly in the business discipline, ignores the impact of globalization on the identity of those affected. One of the key characteristics of globalization is deterritorialization; the severance of social, political, and cultural practices from their native places. Deterritorialization potentially destabilizes people's identity. In response, individuals will undertake activities and behaviors which help them "reterritorialize" and restore their sense of identity. This phenomenon has interesting implications for researchers as well as practitioners.

Generation Y: Perspectives Of Quality In Youth Adventure Travel Experiences In An Australian Backpacker Context, Gayle Jennings, Carl Cater, Young-Sook Lee, Claudia Ollenburg, Amanda Ayling

Claudia Ollenburg

No abstract provided.

Chinese Investment In Ethiopia: Devlopmental Opportunity Or Deepening China's New Mercantilism?, Asayehgn Desta

Asayehgn Desta

Explaining Commercial Rents In Major U.S. Metropolitan Areas Using An Error Correction Model With Panel Data, Maria R. Ibanez

Maria Ibanez

This project presents rent models for flexible, industrial, retail and office properties in the Unites States. Panel data are used covering the largest fifty metropolitan areas in the U.S. for 27 years (1982-2009) to analyze the determinants of rents.

The Impact Of Cultural Framework On Foreign Establishment Mode Decision: Hofstede Vs. Schwartz Vs. Globe, Douglas Dow, Jorma Larimo

Douglas Dow

No abstract provided.

A Mediating Model Of Psychic Distance And Fdi Market Selection, Douglas Dow, Björn Ambos, Lars Håkanson

Douglas Dow

No abstract provided.

A Phenomenographic Study Of What It Means To Supervise Doctoral Students, April Wright, Jane Murray, Patricia Geale

Jane Murray

We utilize the research methodology of phenomenography in this study to explore what doctoral supervisors understand supervision to be and how they enact this understanding in the practice of supervising students. Twenty interviews were undertaken with supervisors at three Australian universities to uncover “lived” experiences of doctoral research supervision. Five qualitatively different ways of conceiving supervisors’ roles emerged through phenomenographic analysis of the transcripts. Our findings suggest that while supervisors undertake similar tasks when supervising, they approach these tasks differently because of their qualitatively different understandings of what supervision is.

Further Examinations Of The Impact Of Training On Emotional Intelligence, Jane Murray, Peter Jordan

Jane Murray

This poster presents the results of extended analyses conducted to determine the outcomes of Emotional Intelligence (EI) training for specific groups. Using a quasi-experimental design, two training programs were conducted over 18 months in a Public Sector organisation. Results demonstrated that emotions focused training (2 1/2 days) increased participant EI, and especially their ability to discuss own emotions, awareness of others’ emotions, and ability to manage others’ emotions. Results also revealed that interpersonal skills training (1 1/2 days) increased participant EI, including their ability to discuss own emotions and ability to manage others’ emotions. No change was revealed for a …

Distribution Method Choice, Ian Sharpe, Li-Anne Woo

Li-Anne Woo

Using unique Australian data we examine the choice of issuance mechanism for unseasoned equity (between initial public offers and direct placements) prior to exchange listing. Controlling for liquidity in the decision to go public and incorporating interrelated decisions, we find that corporate control concerns and expected underpricing differences between initial public offers and direct placements play an important role. Also the probability of an initial public offer (direct placement) decreases (increases) with information asymmetry and the reputation of the issuer. Further, the choice of issuance mechanism and the underpricing, issue size and ownership retention decisions are interrelated.

Expert Recommendations In The ‘Dartboard’ Column, William Bertin, Laurie Prather

Laurie Prather

For many years the Wall Street Journal’s "Your Money Matters" column has conducted monthly stock selection contests where random "dartboard portfolios" have been pitted against professional stock analysts’ portfolios. In the professional portfolios, four stocks are selected by four experts, while the dart portfolios consists of four stocks randomly selected by Wall Street Journal staff members throwing darts onto a dartboard containing all stock listings from the NYSE, AMEX, and NASDAQ. In both portfolios each stock is given an equal weight of 25 percent. The returns for each stock are computed over a six-month holding period, and the portfolio returns …

Mutual Fund Characteristics, Managerial Attributes, And Fund Performance, Laurie Prather, William Bertin, Thomas Henker

Laurie Prather

This study provides a comprehensive examination of recent mutual fund performance by analyzing a large set of both mutual funds and fund attributes in an effort to link performance to fund-specific characteristics. The results indicate that the hypothesized relationships between performance and the explanatory variables are generally upheld. After taking into consideration general market conditions and fund investment objective, the characteristic variables that relate to fund popularity, growth, cost, and management also explain performance. Finally, after controlling for survivorship and benchmark error as well as fund-specific factors, the results refute the performance persistence phenomenon.

Decomposing The Bid-Ask Spread Of Stock Options: A Trade And Risk Indicator Model, David Michayluk, Laurie Prather, Li-Anne Woo, Henry Yip, William Bertin

Laurie Prather

This paper extends Huang and Stoll (1997) to develop a spread decomposition model that includes the costs of trading that are specific to the options market. The trade and risk indicator (TRIN) model includes separate inventory cost components that reflect the market maker’s delta, vega, and gamma risk. We find that adverse selection accounts for only 5.53% of option spread, is positively related to liquidity and leverage, and is higher given negative trade imbalances. Of the inventory risk, gamma risk is the largest component (7.01%), surpassing adverse selection risk, while vega risk accounts for 5.16% and delta risk is 4.12%.

A Study Of Web 2.0 Tourism Sites: A Usability And Web Features Perspective, Carmine Sellitto, Stephen Burgess, Carmen Cox, Jeremy Buultjens

Carmen Cox

No abstract provided.

The Company Dividend Restriction: Does It Promote Good Corporate Governance?, James Routledge, Peter Slade

James Routledge

This article considers aspects of the development of the law associated with the dividend payment restriction. The motivation for the article is to assess whether the existing substantive law is effective in promoting sound decision-making by corporate officers who are required to determine the timing and quantum of dividend payments. Our analysis suggests that the existing provision in s 254T of the Corporations Act 2001 is unlikely to have a significant positive effect on dividend decisions. This is due to its failure to provide meaningful guidance to decision-makers; its divergence from contemporary accounting practice; and its imposition of unnecessary complexity …

Assessing Solvency For Financially Distressed Companies, James Routledge, Ray Mcnamara

James Routledge

This article reviews past and recent authorities that have addressed the definition and application of the solvency test in s 95A of the Corporations Act 2001 (Cth). The discussion highlights that, when faced with financial distress, company directors need to carefully consider the solvency implications of their decisions. To generate cash to pay debts as they become due, directors may attempt to realise company assets, obtain additional secured or unsecured debt finance or reorganise the timing of payments with creditors. The discussion of relevant cases shows that the solvency implications associated with realisation of assets, use of assets as security …

The Effect Of Changing Firm Characteristics On Capacity To Restructure, James Routledge, David Gadenne

James Routledge

This paper examines whether changes in financial characteristics over the time prior to a firm entering insolvency administration will affect its reorganisation prospects. Prior research shows that an insolvent firm’s ability to rectify the mismatch between currently available liquid assets and current financial obligations is critical to the reorganisation outcome. Accordingly, a multivariate analysis of financial characteristics which reflect the firm’s ability to address this mismatch is presented. The results show that changes in operating performance and liquidity prior to a firm entering insolvency administration have a bearing on administration outcomes.

An Exploratory Study Of The Company Reorganisation Decision In Voluntary Administration, James Routledge, David Gadenne

James Routledge

A primary purpose of the voluntary administration legislation is to provide a flexible procedure by which a company can attempt to reorganise its affairs and continue trading. Informed decision-making regarding which companies should attempt reorganisation is critical to the efficient operation of company rescue legislation. This paper explores decision-making associated with the voluntary administration process, with a focus on the relevance of financial information to the reorganisation decision. Statistical models are developed to provide some insight into the reorganisation decision and the problem of identifying suitable (successful) reorganisation candidates from a pool of distressed companies. Additionally, insolvency experts’ decisions regarding …

Financial Information And Voluntary Administration Outcomes: Evidence From Australian Listed Public Companies, James Routledge, David Gadenne

James Routledge

Introduction of the statutory voluntary administration (VA) process in mid 1993 represented a significant change to corporate insolvency law in Australia in providing greater opportunity for companies to attempt to resolve their financial distress. The focus of this paper is on the relationship between financial information available at the time a company enters VA and the VA outcome. In particular, we explore how financial information that indicates a company's capacity to restructure its debt and assets relate to the VA outcome. Our analysis indicates that a company's ability to restructure its debt contracts is critical to the fate of companies …

The Decision To Enter Voluntary Administration: Timely Strategy Or Last Resort?, James Routledge

James Routledge

One of the options available to directors of financially distressed companies is to place their company into voluntary administration (VA). The decision to enter VA should enhance corporate governance because it allows for informed decision-making about a company's future, and ensures that administration of a company's affairs proceeds in an orderly manner. Once in VA, a company has a short 'breathing space' during which it can develop a strategy to address its insolvency. The strategic options available will be significantly affected by past performance and current financial position. If the company's position has deteriorated significantly, the VA process will merely …

Green Buildings: An Asset Manager's Dream Or Nightmare?, Linda Too

Linda Too

The mounting evidence on climate change has thrust the sustainability issue to the forefront of many political agendas. Current research has provided many business cases for sustainable design and construction. While commercial green buildings have been the mainstay, the green phenomenon has also spread to educational facilities. This paper provides a case study of the new Mirvac School of Sustainable Development Building at Bond University, Gold Coast, Australia. With its extensive green features, it is applying to be the first six-star rated green educational building in Australia. To this end, the management of green buildings will be a challenge for …

Understanding The "Partner" In Partnerships: A Review Of The Literature On Effective University-Community Partnering, Amy Kenworthy-U'Ren, Baden U'Ren

Baden U'Ren

Sustainable and effective university-community partnerships are not easy to create, yet they are an integral part of student community-based learning (Enos & Morton, 2003). To date, the main emphasis in most university-community partner research has been on the participating students, with a paucity of attention paid to the equal partners in the venture- the local community organization members (Bushouse, 2005). In this paper, the extant literature on effective university-community partnering is reviewed and key themes are drawn to assist practitioners and researchers who are involved in the design, execution and analysis of partnership programs. The goal of this paper is …

Evolution Of The Barrett Law, Robert Main

Robert S. Main

No abstract provided.

An Investigation Into Individual’S Repeated Attempts At Behavior Change, Courtney Droms

Courtney M. Droms

Recent research has shown that individuals make repeated attempts at behavior change prior to actually being successful. As consumer researchers, however, we do not have a clear understanding of how people interpret behavior change failures and persist post-failure. This research extends the theory of trying by assessing the impact of feedback from behavior change outcomes to future attitudes towards trying. In order to understand how individuals interpret and persist post-failure at behavior change, the conceptual model identifies three mediating factors in the feedback loop (i.e., attributions of behavior change failures, self-esteem, and hope) that are affected by a behavioral change …

Transaction Sizes And Spreads: An Informational Approach, David Feldman, Thomas Henker, Robert Kohn, Yuewen Xiao

Thomas Henker

We introduce an informational approach (IA) for exploring association between variables, an alternative to the prevalent parametric, thus restrictive, regression analysis. The IA uses data to (non-parametrically) construct the joint distribution of variables. Then, it uses theory to develop restrictions on the joint distributions. These restrictions will typically be orderings of functions of conditional distributions induced by the joint distribution. Finally, it attempts refuting the restrictions. We implement IA examining the relation between trading sizes and spreads, a main concern. Following insights and results of Milgrom (1981), Feldman (2004), and Feldman and Winer (2004), we use NYSE data and kernel …

Consumer Transformation: A Hero’S Journey, Courtney Droms, Aubrey Fowler

Courtney M. Droms

Consumers seek to transform themselves, moving from one state of being into another; however, much of the literature that touch upon consumer transformations appears to be concerned with identity projects (i.e., Arnould and Price; Belk and Costa 1998; Kozinets 2001) or with simple modification of the self (i.e., Gimlin 2002; Pitts 2003; Sanders 2008). We take a different approach to understanding consumer transformations by understanding it as something much more than simply modifying the body with a tattoo or plastic surgery or developing an identity that one can carry around like a costume one wears to a party. Instead, we …