Business Commons^™

In Memoriam: Professor Iaroslav V. Sokolov, Vyacheslav Y. Sokolov

Accounting Historians Notebook

No abstract provided.

A "Glittering" Bubble: Where Is Gold, At A Record High, Heading Next?, Knowledge@Smu

Knowledge@SMU

Since 2000, the price of gold has surged more than four times to an all time high of more than US$1,400. Is it purely speculative demand that is driving this unprecedented, multi-year surge, or are there other factors at play? With gold at such a high level, is it time for investors to bet that it will drop? Tarun K. Tandon, CEO of FLS Corporation, shares his thoughts at a recent International Trading Institute@SMU seminar.

After The Year Of Two Halves: Outlook, Risks And Opportunities For 2011, Knowledge@Smu

Knowledge@SMU

The post-Lehman Brothers recovery in global financial markets may not have been as reassuring as investors hoped. Meanwhile, conflicts and natural disasters continue to cloud the overall outlook. Through it all, which are the sectors and asset classes to watch in 2011? Senior portfolio fund manager Ong Guat Cheng shares her personal take at SMU's Centre for Asset Securitisation and Management in Asia.

Divining The Merits And Pitfalls Of Dividends, Knowledge@Smu

Knowledge@SMU

Capital gains on stock investments are not always a given, but many companies make it a point to give their shareholders a steady flow of returns that do not require a sell. While such payouts are not as exciting as hitting that 'multi-bagger', here’s something more certain: over time, patient shareholders have more to reap. In 'The Little Book of Big Dividends', author Charles Carlson draws readers' attention to the merits and red flags of investing for dividends.

Competing Values In The Culinary Arts And Hospitality Industry: Leadership Roles And Managerial Competencies, Michael W. Riggs, Aaron W. Hughey

Counseling & Student Affairs Faculty Publications

It is important that education and training programmes align with the needs of the professions they are designed to support. The culinary arts and hospitality industry is a vocational area that needs to be examined more closely to ensure that the skills and competencies taught are those that will actually be needed when students matriculate from career preparation programmes. This study compared the self-assessed leadership roles and managerial competencies of hospitality students and hospitality management professionals in employment. Using the Competing Values Framework (CVF) as a theoretical framework, eight leadership roles and 24 managerial competencies were examined in an effort …

Innovation And Employment, Hian Teck Hoon, Edmund S. Phelps

Research Collection School of Economics

Is employment higher in an economy that has a higher rate of innovation? In Hoon and Phelps (1997), we study this question in the small open, and closed, economy under the assumption that the rate of technological progress is exogenous to the economic system.In this paper, we reexamine this question in the context of a model with endogenous product innovation (and thus endogenous technological progress) and endogenous labor supply first in a small open economy taking the world interest rate as given and then ina closed economy that determines the whole term structure of the interest rate. In our present …

Ann Veeck, Nate Coe

International Faculty Researchers

Rapidly changing food consumption patterns in China has for the last 15 years captured the attention of Western Michigan University international researcher and marketing professor Dr. Ann Veeck. In nearly annual trips to China, Veeck examines how these patterns are changing parallel to the expansion of the Chinese economy and how marketing efforts affect consumers' lives in both positive and negative ways.

Ann Veeck's website

Big Bank, Small Country: Switzerland, The Financial Crisis And The European Union, Justin Thomas Schubert

Inquiry Journal 2011

No abstract provided.

Claiming Manaslu: The Agency Of A Rural Community In Nepal’S Developing Mountain Tourism Industry, Sierra Gladfelter

Independent Study Project (ISP) Collection

Due to the commoditization of Everest‟s summit and road construction around Annapurna, adventure tourists drawn to Nepal for wilderness and „authentic‟ village experiences are increasingly seeking more remote destinations like the Manaslu Circuit, which only opened to trekkers in 1991. The trekkers and mountaineers who travel such routes play a crucial role in ushering in the development of remote regions and reshaping the face of previously isolated villages. As agencies, nonprofits and community organizations design and market these alternative treks with the noble goal of alleviating poverty in rural Nepal, there is often a disconnect between those promoting the destination …

Cpa Client Bulletin, April 2011, American Institute Of Certified Public Accountants (Aicpa)

Newsletters

No abstract provided.

Other Accounting History Publications In Selected Journals, Academy Of Accounting Historians

Accounting Historians Notebook

No abstract provided.

Chance To Publicize Accounting History: Killer Colt: Murder, Disgrace, And The Making Of An An American Legend By Harold Schechter: Book Review, Richard G.J. Vangermeersch

Accounting Historians Notebook

No abstract provided.

Accounting History Journals Contents For 2010, Academy Of Accounting Historians

Accounting Historians Notebook

No abstract provided.

The Costs Of Increased Localization For A Multiple-Product Food Supply Chain: Dairy In The United States, Charles F. Nicholson, Miguel I. Gomez, Oliver H. Gao

Agribusiness

There is increased interest in greater localization of food supply chains but little evidence about the effects of localization on supply-chain costs. Assessing these effects is complex in multiple-product, multi-process supply chains such as the dairy industry. In this study, we develop a spatially-disaggregated transshipment model for the US dairy sector that minimizes total supply-chain costs, including assembly, processing, interplant transportation and final product distribution. We employ the cost-minimizing solution as benchmark to compare alternative scenarios of increased supply chain localization. Our results indicate: (1) short-run limits to increased localization, (2) modest impacts on overall supply-chain costs, and (3) large …

The Semiotics Of Sexual Identity: Myth Vs. History, Mackenzie Schroth

Honors Projects in English and Cultural Studies

In this project, I argue that gay, lesbian, and bisexual (GLB) students majoring in liberal arts have a higher likelihood of being out and of feeling confident in their identity and manner of self-expression. On the other hand, GLB students majoring in business-related fields are more likely to either be closeted or to fit a very defined, stereotyped gay identity. I test my hypothesis by conducting a semiotic analysis of sexual identity and by looking to the history of sexual identity categories. I also survey and interview various students, both liberal arts and business majors, to determine their perceptions about …

Do Foreign Direct Investment And Trade Openness Accelerate Economic Growth?, Donna Chan Wah Hak

Honors Projects in Economics

This research investigates the impact of trade openness and foreign direct investment (FDI) on economic growth. Using a framework proposed by Barro (1991), panel data regression analysis is performed on 5-year time periods between 1985 and 2005. A sample of 89 countries is analyzed using data collected from the World Development Indicators (WDI), Penn World Table, Barro and Lee (2010), and Polity IV Project datasets. The empirical analysis shows that conditional convergence occurs among the countries in the sample and that FDI net inflows per worker slightly increases the speed of conditional convergence. This study also finds evidence that FDI …

Professionalization Of College Sports: The Case Of College Basketball, Sean Kaukas

Honors Projects in Finance

This study examines how major college basketball programs have become professionalized, and follow a professional model in terms of their revenues, expenses, and profits. “Professionalized” is defined as having a fundamental focus on profits and revenues. Revenue and expense data for the 2006-2007 season was selected from the six major conferences: Big East, Big Ten, Big 12, ACC, PAC 10, and SEC. Data was collected from the Office of Postsecondary Education, where revenues and expenses are reported for each school. These data were examined and used to gauge whether these programs or conferences are following a professional model. In addition, …

Effects Of Chronic Regulatory Focus And Product Type On Internet Purchase Decisions, Chad Ryan

Honors Projects in Marketing

This study draws on Regulatory Focus Theory (RFT; Higgins 1987) to explore factors that affect a consumer’s online purchase attitudes and intentions. According to RFT, consumers tend to be either chronically promotion- or prevention-focused. Promotion-focused consumers are concerned with positive outcomes. Conversely, prevention-focused consumers are concerned with avoiding negative outcomes. Promotion-focused consumers are more willing to take risks than prevention-focused consumers (Higgins 1997). Promotion-focused consumers also prefer hedonic shopping experiences (i.e., pleasurable), whereas prevention-focused consumers prefer utilitarian shopping experiences (i.e., task-oriented) (Arnold & Reynolds 2009). Because products that are purchased on the Internet cannot be seen or touched prior to …

Santa Clara Magazine, Volume 52 Number 4, Winter 2011, Santa Clara University

Santa Clara Magazine

16 - LIFE CYCLE A Photo Essay By Susan Middleton '70. Luminous beauty drawn from two remarkable projects-Evidence of Evolution and Spineless. And a sneak peek at a show by this Guggenheim fellow opening in April at SCU's de Saisset Museum.

20 - CAN NEWSPAPERS & JOURNALISM SURVIVE THE DIGITAL AGE? DOES IT MATTER? By Jeff Brazil '85. A Pulitzer Prize-winning journalist goes looking for answers, talking to industry veterans, and taking stock of the new forms of journalism arising.

30 - REVEALED! THE TRUTH BEHIND NO NAME! By Sam Scott '96. On today's Rock Report: the story (and real …

Wind Power Technologies: A Need For Research And Development In Improving Vawt’S Airfoil Characteristics, Rigoberto Chinchilla, Samuel Guccione, Joseph Tillman

Faculty Research & Creative Activity

Straight bladed fixed pitched vertical axis wind turbines (VAWTs) offer several potential advantages over the standard horizontal axis wind turbines which are now in common use worldwide. The purpose of this study was to determine the need for further research and develop on improved airfoil or blade characteristics for use on straight bladed fixed pitched VAWT. This need was demonstrated by the design and construction of an airfoil that was physically modeled and field tested. The test showed that asymmetric airfoils would enable SBVAWTs to self start.

Canada’S Commercial Seal Hunt: It’S More Than A Question Of Humane Killing, David M. Lavigne, William S. Lynn

Animal Welfare Collection

No abstract provided.

Partial Budgeting Analysis Of Conventional Pump Over Versus Pulsair Cap Management System For A Large–Scale California Winery, Zachary Thomas Hicks

Agribusiness

The purpose of this project was to evaluate the financial feasibility of implementing an automated gas injection system from Pulsair as an alternative to the traditional pump over cap mixing technique that is used during the alcoholic fermentation stage of winemaking.

There were various costs involved in this project that were determined and explained through the use of the partial budgeting method. The costs that were thoroughly analyzed included equipment, labor, utility, and initial investment costs for the Pulsair system as well as the related pump over operation costs. After the two methods associated numbers were evaluated, they were then …

Has The Likelihood Of Appointing A Ceo With An Accounting/Finance Background Changed In The Post-Sarbanes Oxley Era?, Charles Cullinan, Pamela B. Roush

Accounting Department Faculty Journal Articles

Congress passed the Sarbanes–Oxley Act (SOX) in July 2002 to improve the accuracy and reliability of financial reporting. The Act increased boards of directors’ responsibilities for financial reporting and control. Did it consequently increase boards’ preferences for a CEO with financial experience to protect against the potential reputational and/or legal losses that directors incur when financial scandals happen? We investigated whether newly appointed CEOs in the post-SOX period were more likely to have accounting or finance experience than in the pre-SOX period. Using a sample of 264 CEO changes from 2001 to 2004, we found that the percentage of newly-appointed …

Managerial Ties, Knowledge Acquisition, Realized Absorptive Capacity And New Product Market Performance Of Emerging Multinational Companies, Masaaki Kotabe, Crystal Jiang, Janet Y. Murray

Management Department Faculty Journal Articles

Many firms rely on external sources to acquire knowledge that is critical for enhancing new product market performance. Using a sample of 121 emerging multinational corporations (EMNCs) from China, we explore the effects of managerial ties with government officials and foreign MNC partners on knowledge acquisition and investigate how the acquired knowledge affects firms’ new product market performance. Our results indicate that knowledge acquisition could only enhance new product market performance with the presence of realized absorptive capacity. Our study suggests that managers’ decisions on knowledge acquisition from external sources may not increase firms’ new product market performance. Instead, managerial …

Improving Business Performance Through Effectively Managing Employees, Ross E.L. Poquette

Academic Symposium of Undergraduate Scholarship

Businesses in today’s highly competitive environment need to be aware of the best methods for motivating, training, developing, and promoting a diverse environment in an organization. These methods will be examined in order to gain an understanding of what works well and how the ideal organization implements the methods.

The more motivated an employee is, the better he or she will perform. Therefore, it is essential for management to continuously motivate its workforce. Training and development also play an important role in overall performance. The more an employee is trained, the better he or she can complete tasks. Development decreases …

Stock Exchanges In The Middle East: Risky Business Or Smart Investing?, Jed A. Haddad

Honors Projects in Finance

The goal of any investor is to obtain the highest possible return for his or her money. However for years, the debate has continued; stocks, bonds, mutual funds; which of these financial instruments will produce the greatest gain to give the investor the highest profit? Historically, stocks have been known to provide investors with high returns. With the world becoming increasingly globalized, international markets have proven to offer investors more options to help diversify their portfolios. The Middle East has been known as a region of recent economic growth and stability. Three prominent examples of such are Kuwait, Israel, and …

Getting The Sharks To Bite In Your Ocean: A Look At Regional Differences In Funding Components In China And The United States, Jennifer Ashley Schwall

Honors Projects in Finance

This study explores the relationship between a venture capital firm’s geographic region and the investment traits that it values. This study’s results will help determine whether venture capital firms, by geographic region, emphasize certain investment traits over others when funding new companies.

The study examines three regions (the East Coast of the United States, the West Coast of the United States and China, specifically Beijing and Shanghai). By surveying available firms in each region, I collected data on which funding components, or investment traits, the sampled respondents valued. To increase the usefulness of my findings, I held constant the stage …

Does Twitter Create Similar Patterns Of Positivity/Negativity As Face-To-Face Word-Of-Mouth?, Nicholis Jones

Honors Projects in Marketing

Word-of-mouth communication is important to organizations because it is a free form of advertising and has been shown to be influential on consumers’ purchasing decisions. Marketers of course, would like WOM to be positive and thus increase brand reputation and sales. In the past decade, new forms of communication have created different channels for WOM to travel through. Current social media websites such as Facebook and Twitter allow one person to send a message to many almost instantaneously. This study’s objective is to examine the WOM on the networking site Twitter. Previous research has indentified the relative incidence rates of …

Hospital Boards And Hospital Strategic Focus: The Impact Of Board Involvement In Strategic Decision Making, Karen Ford-Eickhoff, Donde Ashmos Plowman, Reuben R. Mcdaniel Jr.

Department of Management: Faculty Publications

Background: Despite pressures to change the role of hospital boards, hospitals have made few changes in board composition or director selection criteria. Hospital boards have often continued to operate in their traditional roles as either “monitors” or “advisors.” More attention to the direct involvement of hospital boards in the strategic decision-making process of the organizations they serve, the timing and circumstances under which board involvement occurs, and the board composition that enhances their abilities to participate fully is needed.

Purposes: We investigated the relationship between broader expertise among hospital board members, board involvement in the stages of strategic decision making, …

Tls Newsletter Volume 5, Edition 4 April 2011, Unf Transportation And Logistics Society

Transportation & Logistics Society Newsletter

Inside the Newsletter: Life after graduation with Rose Mueller. Important Upcoming Dates. Get to know TLS Vice President Tom Branning