Business Commons^™

Even The Best Investors Can't Time The Market, Steven D. Dolvin

All Chapters

Warren Buffett is considered to be one of the greatest investors ever; however, even he is not perfect. In fact, his company (Berkshire Hathaway) is named after one of his failed investments. More recently, his timing on the purchase of GM stock has not worked so well. Fortunately, his holding period is generally very long, thus it could turn out to be a favorable investment over the long-term. See article here, Bloomberg.

Internationalisation By Idiosyncrasy: Resource Commitments And Competencies For Professional Service Firm Internationalisation, Deirdre Mcquillan, Pamela Sharkey Scott, Vincent Mangematin

Conference papers

Using a behavioral process approach within the field of international business theory, this study adopts a resource based lens to examine an area exhibiting exceptional growth, the internationalisation of professional service firms (PSFs). An in-depth qualitative study of the internationalisation process of five architectural firms expanding to multiple international markets was conducted. The paper’s main contribution is the identification of the interplay between the learning process and resource commitments for internationalisation. We reveal how these PSFs can be classified along a continuum whereby they adopt either a project learning or a market learning approach which drives the development and acquisition …

Henry, Jefferson, 1849-1927 (Sc 440), Manuscripts & Folklife Archives

Manuscript Collection Finding Aids

Finding aid and scan (Click on "additional files" below) for Manuscripts Small Collection 440. Letter, from Jefferson Henry, Greensburg, Kentucky, to friend John, (place unknown), asking for the name of a company that employs James Dowdy.

Director And Assistant Of Student Life And Leadership Named, Lindenwood University

Archived Lindenwood Press Releases

No abstract provided.

Dream Dinner Or Dinner Disaster? French And American Cultures Collide, Wendy W. Amato Ph.D.

French Model Lesson Plans

Sociocultural Model Lesson Plan centered on a translinguistic and transcultural analysis of French and American dinner party conventions.

July 2012, Inland Empire Business Journal

Inland Empire Business Journal

8 “Be-Attitudes” of Holding People Accountable The key to leadership is to create an environment whereby people do the best they can because they want to do it. Bob Whipple examines eight attitudes or behaviors of leaders that can foster a culture where holding people accountable is a precursor to a feeling of celebration. . . . . . 9

The Prison Industry Major phone companies profit from the prison industry. “Reach Out and Touch Someone” has a whole new meaning. . . . . . . . . . . . . . . . . . . . …

The Economic Impact Of Echo Red 2 Red: A Mountain Biking Event, Katie Main, Kadin Hashimoto

2012 Projects

The Keck Summer Collaborative Research Program provides opportunities for Linfield College students and faculty to conduct research on issues related to the Pacific Northwest, and to bring the research findings back into the classroom within the subsequent academic year. Students partner with faculty to conduct research and present their work to other students, Linfield staff and faculty, and community members during a series of brown bag lunches. Katie Main and Kadin Hashimoto conducted research with Jeff McNamee and gave this presentation during the summer of 2012.

Many studies have evaluated the benefits of trails noting improvements in health and fitness, …

Understanding Social Media Use And Its Marketing Implications, David Malerk

Sport Management Undergraduate

Social media has become an integral part in the communication process in today’s society. Research has found that social media’s unique characteristics allow sport organizations to meet the many wants of their fans. Eight total professional organizations from the professional and collegiate level were interviewed to answer the research question, to what extent are organizations utilizing social media? This study shows that organizations use social media more specific to their professional level. Professional sport organizations use social media more for their marketing efforts, as collegiate organizations primarily use it for public relations.

Ua42/1 Summer Sessions Annual Report, Wku Summer Sessions & Winter Term

WKU Administration Documents

Annual report of the Summer Session demographics, enrollment trends, faculty stipends, tuition rates and marketing.

Case Study: The Optimization Of Information Flow & Organization In Software Development, Farshad Madani, Bing Wang, Xiaowen Wang, Corey White, Liying Wang

Engineering and Technology Management Student Projects

Trial and error are inevitable in the process of software development; the redesign is wasteful when unfocused communication occurs within the development process. To speed up this development process, we optimized the information flow and redesigned the development organization into chunks. First, we investigated the information flow between tasks and coupled tasks into phases utilizing the Design Structure Matrix (DSM) so that the information exchange among chunks of tasks is as few as possible. In this way, the redundant iterations of tasks are eliminated. Meanwhile, we also grouped the engineers into groups according to the tasks, in this; we eliminated …

The Kaiser Blocks, Rahim A. Abbasi, George Mccleary, Randy Mueller, Andy Shaw, Peter Skei, Matt Tackett

Real Estate Development Workshop Projects

Portland State University's Center for Real Estate students produce a development plan for a property site in Portland known as the Kaiser Blocks. Their task was to produce an original development plan, including the development concept, market analysis, conceptual design, economic analysis, capital and operations budget, and management plan.

Auditor's Consideration Of An Entity's Ability To Continue As A Going Concern (Redrafted); Statement On Auditing Standards, 126, American Institute Of Certified Public Accountants. Auditing Standards Board

Statements on Auditing Standards

No abstract provided.

The Welfare Of Animals In The Veal Industry

Agribusiness Reports

Intensive confinement of calves raised for veal has long raised pointed concerns regarding the animals’ welfare. Traditional production practices include individually isolating calves in narrow wooden stalls or pens, which severely restrict movement, feeding the animals an all-liquid diet deliberately low in iron, and prematurely weaning the animals. Stressful conditions lead to a high incidence of stereotypic behavior and illness. Scientific reviews of the welfare of intensively confined calves raised for veal have concluded that the young animals suffer when reared in conventional systems.

The Welfare Of Intensively Confined Animals In Battery Cages, Gestation Crates, And Veal Crates

Agribusiness Reports

Within U.S. animal agriculture, the majority of egg-laying hens, pregnant sows, and calves raised for veal are reared in battery cages, gestation crates, and veal crates, respectively. The intensive confinement of these production systems severely impairs the animals’ welfare, as they are unable to exercise, fully extend their limbs, or engage in many important natural behaviors. As a result of the severe restriction within these barren confinement systems, animals can experience significant and prolonged physical and psychological assaults. Indeed, extensive scientific evidence shows that intensively confined farm animals are frustrated, distressed, and suffering.

Draft Management Plan For The West Coast Rock Lobster Managed Fishery., Department Of Fisheries Western Australia

Fisheries Management Papers

West Coast Rock Lobster Managed Fishery licensees target the western rock lobster, Panulirus Cygnus using baited pots (traps) on the west coast of Western Australia (WA). The fishery, which has long been one of the most valuable single species fisheries in Australia, extends from North West Cape to Cape Leeuwin in the south, with the main fishing occurring between Shark Bay and Perth.

In response to a series of poor puerulus settlements commencing in 2009, a suite of management changes have been introduced to significantly reduce catch levels to appropriately deal with the expected low levels of recruitment entering the …

Haworthnews (07/2012), Western Michigan University

Haworth College of Business News

• WMU named a 2012 Top University for Professional Sales Education; Three students receive national sales scholarships

Transference And Congruence Effects On Purchase Intentions In Online Stores Of Multi-Channel Retailers: Initial Evidence From The U.S. And South Korea, Vishag Badrinarayanan, Enrique P. Becerra, Chun-Hyun Kim, Sreedhar Madhavaram

Business Faculty Publications

Drawing from research on retailing, online shopping behavior, and theories of cognitive psychology, we develop and test a framework that investigates purchase intentions in online stores of multi-channel retailers. The framework simultaneously examines the influence of transference of attitude and trust from the multi-channel retailer’s physical to online stores, image congruence between the multi-channel retailer’s physical and online stores, and image congruence between the multi-channel retailer’s online store and a prototypical online store. Further, recognizing that several retailers now operate as multi-channel retailers in different countries, we examine the influence of cultural differences in thought processes (i.e., holistic versus analytic …

Business Magazine (2012)

Haworth College of Business News

• Greetings From the Dean's Office • Features • Creating a Culture for Success • Transforming the Landscape in Michigan • Debuting in the National Scene • Leading for Success • Entrepreneurial Impact • Making a Difference • Faculty Focus • Alumni Profiles • Celebrating Alumni and Friends • Class Notes

Negotiating In Silence: Experiences With Parental Leave In Academia, Johanna Weststar

Management and Organizational Studies Publications

This paper presents a case study of pregnancy/parental leave arrangements among faculty members at a mid-sized Canadian University from 2000-2010. The data show that leave arrangements were very inconsistent across faculties, across and within departments, and even for individual faculty members who had taken more than one leave. The majority of problematic cases were instances where a faculty member began or ended a leave in the middle of an academic term. Without specific language in their collective agreement, these faculty members often negotiated circumstances that carried individual penalties for duties that were unassigned in light of the leave. This research …

Converging Transnational Financial Reporting Standards: Validating The Joint Fasb/Iasb Concept Of Information Quality, Jim Watkins

Doctoral Dissertations

Accelerating cross-border investing activity transformed global financial markets during the latter part of the 20th century. Due to lack of trans-cultural consistency comparability in financial reporting was compromised hindering multinational investment. In light thereof there is a movement afoot among international authorities to converge national financial reporting standards into a single international financial reporting system. In September 2010 Financial Accounting Standards Board and International Accounting Standards Board agreed on a concept of information quality to guide formulation of internationally acceptable financial reporting standards. The Boards' goal is sustenance of local relevance while achieving transnational comparability. Toward that end, instead of …

Paying Professors, Kevin F. Hallock

Economics Faculty Publications

One of the most interesting quirks of academia is professional tenure. Many argue that tenure is necessary so that faculty can be protected by "academic freedom" to study the issues they find important without outside interference or pressures to conform. It is also, obviously, a nonmonetary reward and this security for life could offset higher salaries. Few accounts of the tenure system, however, recognize that while tenure essentially grants a job for life, it does not come with guaranteed lifetime raises. Some academic organizations, however, give roughly across the board annual raises. They don't seriously reward performance until a faculty …

Threshold Effect Of Inflation On Economic Growth In Nigeria, Sani Bawa, Abdullahi S. Ismaila

CBN Journal of Applied Statistics (JAS)

It is widely believed that price stability promote long-term economic growth, whereas high inflation is inimical to growth. This paper utilized a quarterly time series data for the period 1981 – 2009 to estimate a threshold level of inflation for Nigeria. Using a threshold regression model developed by Khan and Senhadji (2001), the study estimated a threshold inflation level of 13 per cent for Nigeria. Below the threshold level, inflation has a mild effect on economic activities, while above it, the magnitude of the negative effect of inflation on growth was high. The negative and significant relationship between inflation and …

Testing The Weak-Form Efficiency Market Hypothesis: Evidence From Nigerian Stock Market, Gimba K. Victor

CBN Journal of Applied Statistics (JAS)

In recent years, the Nigerian Stock Exchange (NSE) has witnessed an unprecedented growth in market capitalization, membership, value and volume traded. By December 2007, the All Share Index has grown massively over 57,990.2 from 1113.4 in January 1993. This rising interest in investment opportunities in the NSE raises questions about its efficiency. This paper tests the Weak-form Efficient Market Hypothesis of the NSE by hypothesizing Normal distribution and Random walk of the return series. Daily and weekly All Share Index and five most traded and oldest bank stocks of the NSE are examined from January 2007 to December 2009 for …

Simple Sequential Procedure For Modeling Of Item Non-Response In Econometric Analysis: Application To Cv Survey Data, William M. Fonta, Elias T. Ayuk, Eme H. Ichoku

CBN Journal of Applied Statistics (JAS)

Item non-response occurs when respondents fail to provide answers to some or all of the questions posed during survey interviews. The standard procedure is to exclude such responses from the econometric analysis. This may be appropriate if the sample included does not differ significantly from those excluded in the analysis. If this is not the case, the econometric analyst faces a sample selection bias problem. The aim of this paper is to provide further evidence using a simple sequential procedure to deal with the problem when using non-randomly selected samples in social science research. The procedure entails different levels of …

Reactions Of Stock Market To Monetary Policy Shocks During The Global Financial Crisis: The Nigerian Case, Aliyu Shehu U.R.

CBN Journal of Applied Statistics (JAS)

This paper seeks to assess the reactions of Nigeria’s stock market to monetary policy innovations during the period of global financial crisis on the basis of monthly data over the period January, 2007 to August, 2011. In particular, stock market return was regressed against major monetary policy instruments; money stock (M1, and M2) and monetary policy rate (MPR). The theoretical basis for the paper stems from the works of new classical macroeconomics and rational expectation hypothesis (REH). Lucas (1972) postulated that only the unanticipated monetary shock influences real economic activity. Using the GARCH by developed Engle and Bollerslev (1986) and …

A Business Cycle Model For Nigeria, Alege O. Philip

CBN Journal of Applied Statistics (JAS)

The current global financial meltdown draws, once again, attention to the existence of business cycle fluctuations. Experts are of the view that the ongoing crisis is far deeper than the great depression of the 1930s. It should be recalled that the Keynes and Keynesianism was a response to that depression. Therefore, the objective of this paper is to develop a small business cycle model in the spirit of Dynamic Stochastic General Equilibrium (DSGE) model for Nigeria designed to examine the sources of business cycles, and use the model for policy analysis. This paper considers the implications of three policy shocks …

Enhancing Data Generation For National Development In Nigeria: Institutional And Structural Issues1, Olu Ajakaiye

CBN Journal of Applied Statistics (JAS)

In this presentation, attention is focused on data generation for the purposes of reasoning, discussing and calculating the status, process and prospects of economic development. Economic development has also been defined in various ways. Again for the present purposes, economic development will be conceived as the process of economic growth and structural transformation (Ajakaiye, 2002). Clearly, data, as a gathered body of facts about the economy, is a basic requirement in the process of economic growth and transformation. Foremost, facts about the economy are necessary in order to appreciate the current state of the economy in terms of growth and …

Fiscal Federalism In Nigeria: A Cluster Analysis Of Revenue Allocation To States And Local Government Areas, 1999 – 2008, Sam O. Olofin, Olusanya E. Olubusoye, Bello K. Ajide, Salisu A. Afees, Olalekan S. Akinola

CBN Journal of Applied Statistics (JAS)

Existing literature on revenue allocation in Nigeria shows more concern for merits and demerits of sharing principles and /or formulae. Several alternatives have been proposed and will continue to be developed to address the unending agitations from beneficiaries. Contrary however, this paper analyzes two items of revenue (statutory and VAT) shared among the states including FCT and all the Local Government Areas (LGAs) between May 1999 and December 2008. The net statutory allocation after deductions was also analyzed. Using Cluster analysis to evaluate revenue allocation in Nigeria, States and LGAs exhibiting similarity in revenue received were grouped and their common …

The Accelerator, Volume 5 Issue 10, Summer 2012, Christa Santos

The Accelerator

No abstract provided.

Biztech Summer 2012, Southern Adventist University

BizTech – School of Business Newsletter (Retired)

The Summer 2012 Edition of BizTech features articles on the SIFE team, alumni, and a message from the dean.