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2013

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Articles 3961 - 3990 of 4323

Full-Text Articles in Business

State Level Earned Income Tax Credit’S Effects On Race And Age: An Effective Poverty Reduction Policy, Anthony J. Barone Jan 2013

State Level Earned Income Tax Credit’S Effects On Race And Age: An Effective Poverty Reduction Policy, Anthony J. Barone

CMC Senior Theses

In this paper, I analyze the effectiveness of state level Earned Income Tax Credit programs on improving of poverty levels. I conducted this analysis for the years 1991 through 2011 using a panel data model with fixed effects. The main independent variables of interest were the state and federal EITC rates, minimum wage, gross state product, population, and unemployment all by state. I determined increases to the state EITC rates provided only a slight decrease to both the overall white below-poverty population and the corresponding white childhood population under 18, while both the overall and the under-18 black population for …

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An Examination Of The Interest Rate Sensitivity Of Business Development Company (Bdc) Stock Returns, Timothy Park Jan 2013

An Examination Of The Interest Rate Sensitivity Of Business Development Company (Bdc) Stock Returns, Timothy Park

CMC Senior Theses

This paper examines the interest rate sensitivity of Business Development Companies (BDCs). The results of this study are intended to lend insight to investors about the viability and timing of investments in BDCs during the business cycle. Similar to previous research that has examined interest rate sensitivity of financial companies, this paper employs a two-factor market model to see whether BDCs are responsive to changes in short, medium, and long-term interest rates. My particular interest in BDCs is motivated by their unique asset-liability structure and requirements, as well as their high dividend payouts. Monthly data is drawn from the period …

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Portfolio Company Selection Criteria: Accelerators Vs Venture Capitalists, Cody Chang Jan 2013

Portfolio Company Selection Criteria: Accelerators Vs Venture Capitalists, Cody Chang

CMC Senior Theses

The explosive growth of ‘accelerators’ in the United States has given entrepreneurs and their startups the opportunity to pursue seed-stage financing. While the specific economic role of accelerators remains unclear, a study comparing the selection of portfolio companies between accelerators and venture capitalists was performed. A difference of means was performed on the responses per question between the collected 19 accelerators’ response and the 100 venture capitalists’ response, recorded from a prior study. It is found that venture capitalists place significantly more weight, than accelerators, on the potential of the startup’s product or service to be proprietary, to enter a …

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The Modern Day Corporation: A Philosophical Analysis Of How Corporations Behave And How They Should Behave, Daniel Shane Jan 2013

The Modern Day Corporation: A Philosophical Analysis Of How Corporations Behave And How They Should Behave, Daniel Shane

CMC Senior Theses

We seem to hold corporations to an impossible standard. We call for profit maximization, but at the same time want to place strict limits on the methods corporations may use to obtain them. In this thesis, I explore two popular theories of the corporation: stakeholder theory and shareholder theory. I examine the degree to which each theory explains the corporation as it exists today, as defined in the law and through its behavior, but also the theories‘ normative appeal. I conclude by positing what I find to be the best normative account of the corporation: a theory of how we …

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Omni-Channel Retail And The New Age Consumer: An Empirical Analysis Of Direct-To-Consumer Channel Interaction In The Retail Industry, Alec J. Dorman Jan 2013

Omni-Channel Retail And The New Age Consumer: An Empirical Analysis Of Direct-To-Consumer Channel Interaction In The Retail Industry, Alec J. Dorman

CMC Senior Theses

It is indisputable that the internet has become a necessary component of contemporary multi-channel retail, as more consumers are choosing to purchase goods online each year. As online spending continues to grow, many have called into question the future of brick-and-mortar retail. This thesis seeks to empirically prove that brick-and-mortar retail remains not only relevant, but indispensable in direct-to-consumer business models. The basis of this conjecture is the idea of channel synergism, in which online and brick-and-mortar operations are complementary. This theory is predicated on the emergence of the omni-channel retail, which is characterized by the integration of the various …

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An Empirical Analysis Of Differences In Environmental Transparency Across Firms, Sean Robert Smith Jan 2013

An Empirical Analysis Of Differences In Environmental Transparency Across Firms, Sean Robert Smith

CMC Senior Theses

In recent years, many firms have voluntarily taken actions to gradually increase the transparency of their corporate social responsibility (CSR) efforts. Using data on a sample of U.S. firms, this paper empirically examines the factors that encourage firms to choose different levels of CSR transparency. This adds to the previous literature that has focused only on the binary decision to engage or not to engage in CSR, as opposed to the extent and comprehensiveness of voluntary CSR reporting. Environmental transparency data are collected from the Roberts Environmental Center (REC) at Claremont McKenna College, while data for firm characteristics and toxic …

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Trends In Pro Forma Reporting During The Great Recession, Dakota W. Mivshek Jan 2013

Trends In Pro Forma Reporting During The Great Recession, Dakota W. Mivshek

CMC Senior Theses

Pro forma EPS reporting is a fairly new accounting disclosure; it has since been modified in 2003 by the U.S. Securities and Exchange Commission, to include additional disclosure and filing requirements. This “Regulation G” has been around for nearly a decade and since that time a major financial crises in the United States has occurred. This study attempts to analyze trends in pro forma EPS reporting within the S & P 500 constituents during the Great Recession, and speculate as to whether earnings management was apparent. This study provides evidence that there was a significant increase in the proportion of …

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The Rise And Fall Of Record Labels, Ilan Bielas Jan 2013

The Rise And Fall Of Record Labels, Ilan Bielas

CMC Senior Theses

This thesis studies the music industry as a whole, and delves more specifically into how new technologies have disrupted the old business model. Advances in technology such as the Internet, MP3s, and file-sharing software have made it possible to bypass the traditional role of record labels, thus creating a closer link between artists and consumers. As the music industry transformed over time, the role of record labels became less defined. This has left once behemoth labels struggling to find a competitive advantage in a rapidly devolving industry. Record labels are no longer the most relevant segment of the music industry, …

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The Impact Of The Security Transaction Taxes On Stock Prices And Stock Liquidity; Evidence From The Nyse, Vedika Agarwal Jan 2013

The Impact Of The Security Transaction Taxes On Stock Prices And Stock Liquidity; Evidence From The Nyse, Vedika Agarwal

CMC Senior Theses

Security Transaction taxes have been in place in many countries for many years now. Yet we do not fully know how these taxes effect prices, volumes, bid-ask spreads and volatility and in turn if they are good for the economy or not. This paper is an attempt to understand how security transaction taxes decrease volume of trading, decrease prices of stocks and increase bid-ask spreads. It analyses the effect the STTs implemented by the state and federal government in New York on June 1st 1905 and December 1st 1914 respectively, had on the stocks of the New York …

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The Impact Of Participatory Notes On The Indian Rupee Exchange Rate, Rohan Kothari Jan 2013

The Impact Of Participatory Notes On The Indian Rupee Exchange Rate, Rohan Kothari

CMC Senior Theses

Since 1992, India has grown as a global player in the finance world. In spite of its success, India has not been able to rid itself of potentially harmful practices. One such practice is the issuing of Participatory Notes (PN) to foreign investors, so that they can anonymously purchase securities or derivatives listed on the Indian Stock Exchanges. This instrument came into public view when it accounted for approximately 50% of all foreign portfolio assets in India. Since then, the laws regarding PNs have evolved to become a more transparent version of the old rules. Although PN levels are not …

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The Impact Of Prior Performance On Leadership Appointment In A Merger Of Equals, David A. Hirsch Jan 2013

The Impact Of Prior Performance On Leadership Appointment In A Merger Of Equals, David A. Hirsch

CMC Senior Theses

Leadership appointment during mergers has a logical and established precedent when there is a clear target and acquirer. However, in the extraordinary case of Merger Of Equals (MOEs) – where this is relative equal ownership, board representation, earnings contribution etc - this process is much less defined and can often have serious consequences on the merger, both in closing negotiations as well as post-merger performance. Intuition assumes the better performing CEO should and will be appointed. In practice, however, that is often not the case. It is arguable that performance can be defined through objective means (financially & operationally), yet …

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Analyst Pessimism And Forecast Timing, Orie E. Barron, Donal Byard, Lihong Liang Jan 2013

Analyst Pessimism And Forecast Timing, Orie E. Barron, Donal Byard, Lihong Liang

Accounting - All Scholarship

In this study, we show that on average relatively pessimistic analysts tend to reveal their earnings forecasts later than other analysts. Further, we find this forecast timing effect explains a substantial proportion of the well-known decrease in consensus analyst forecast optimism over the forecast period prior to earnings announcements, which helps explain why analysts’ longer term earnings forecasts are more optimistically biased than their shorter term forecasts. We extend McNichols and O’Brien’s (1997) and Hayes’ (1998) theory concerning analyst self-selection to argue that analysts with a relatively pessimistic view - compared to other analysts - are more reluctant to issue …

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Market Strategy From Microsoft Acquiring Nokia, Weiting Li Jan 2013

Market Strategy From Microsoft Acquiring Nokia, Weiting Li

A with Honors Projects

Discusses the reason why Microsoft wants to acquire Nokia and the business strategy the company will use to expand its international market.

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Determinants Of Financial Distress Evidence From Kse 100 Index, Malik Rizwan Khurshid Jan 2013

Determinants Of Financial Distress Evidence From Kse 100 Index, Malik Rizwan Khurshid

Business Review

Financial distress and its determinants are very important for investors as well as financial institutions; no one can deny its significance. This paper assesses the determinants of financial distress of non financial companies of Karachi Stock exchange from 2003 to 2010. Financial distress in companies was calculated from Z score model. Determinants like current ratio, profitability, efficiency, solvency and leverage were identified. Result shows current ratio, profitability, solvency and leverage are negatively correlated while efficiency is positively correlated.

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Interest Rate Sensitivity And Stock Returns, Mohsin R. Khan, Zahid Mahmood Jan 2013

Interest Rate Sensitivity And Stock Returns, Mohsin R. Khan, Zahid Mahmood

Business Review

This paper investigates the sensitivity of interest rate to stock return of financial institutions traded at Karachi Stock Exchange. Two Index Model of Stone and Bernell(1974) have been used to test the proposition of the present study. Three different portfolios of financial institutions have been examined against sensitivity of actual and unanticipated interest rates. Repo rate/Policy rate instead of t-bill rate is used for the proxy of interest rate. The data is collected from twenty nine financial institutions covering the time period from 2004 to 2011. Unit root test, co integration and error correction mechanism have been checked before proceeding …

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An Evidence Of Profitability In Stocks Through The Test Of Logic, Muhammad Ikhlas Khan, Agha Ali Hassan Jan 2013

An Evidence Of Profitability In Stocks Through The Test Of Logic, Muhammad Ikhlas Khan, Agha Ali Hassan

Business Review

In this world, people do one of two things with dollar, when they earn it. They either save it or consume it. Involuntarily, some of the money people consume is because they must pay tax or spending the dollar on something like food, clothing, or a car. For consumption at a later time, a person saves the dollar by putting it aside.

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Relationship Of Single Stock Futures With The Spot Price: Evidence From Karachi Stock Exchange, Nasir Jamal, Ahmad Fraz Jan 2013

Relationship Of Single Stock Futures With The Spot Price: Evidence From Karachi Stock Exchange, Nasir Jamal, Ahmad Fraz

Business Review

The study is conducted to investigate the relationship of single stock futures with the spot price in Karachi Stock Exchange. Monthly data of twelve companies which are trading single stock futures have been examined for the period 1 January, 2005 to 31 December, 2010 with total of 72 observations for each company. Descriptive statistics, Unit Root test, Co-integration test, Granger Causality test, Vector Error Correction Model based on ARDL approach, Impulse Response and Variance Decomposition tests are used. The existence of long run relationship was found between the futures and spot prices of all the companies. The Granger Causality test …

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Interdependence Of South Asian & Developed Stock Markets And Their Impact On Kse (Pakistan), Safdar Hussain Tahir, Hazoor Muhammad Sabir Jan 2013

Interdependence Of South Asian & Developed Stock Markets And Their Impact On Kse (Pakistan), Safdar Hussain Tahir, Hazoor Muhammad Sabir

Business Review

The objective of this study was to investigate the interdependence among the South Asian and developed markets and their impact on Karachi Stock Exchange. The data was collected from eight worldly stock exchanges, four from each South Asia and developed countries for the period starting from July 1999 to June 2011. For analytical purposes, techniques like Correlation Matrix, Unit root, Co integration test and Granger Causality were applied. The correlation results indicated that there was no significant relationship between the South Asian and developed equity markets. However the equity market of US and India found to be correlated. A bidirectional …

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The Volatility Effect Of Single Stock Futures Trading On Pakistani Stock Market, Adil Awan, Amir Rafique Jan 2013

The Volatility Effect Of Single Stock Futures Trading On Pakistani Stock Market, Adil Awan, Amir Rafique

Business Review

The impact of single stock futures on the spot market volatility is still a issue debated in finance literature. The aim of this study is to analyze the effect of introduction of single stock futures on the volatility of Karachi Stock Exchange. This study mainly addresses the changes in level of volatility and structure after the introduction of single stock futures. Twenty four companies listed on KSE were evaluated in terms of possible volatility effect due to stock futures trading. This study applied F-test for differences in variances as a traditional measure for volatility and GARCH(1,1) as a econometric technique …

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Investor Sentiments And Exchange Rate Volatility, Mobeen Ur Rehman Jan 2013

Investor Sentiments And Exchange Rate Volatility, Mobeen Ur Rehman

Business Review

In this paper, we have investigated the role of investor sentiments on the exchange rate volatility in our emerging market. In the past there were many studies that tried to capture the impact of investor sentiments on the stock market returns but the exchange rates are also one of the important economic indicators and is frequently used as the stock market returns and interest rates etc, so we have tried to see the impact of investor sentiments on the exchange rate volatility. The data has been collected from International Monetary Fund website, Karachi Stock Exchange for stock returns and for …

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Lead-Lag Relationship In Spot And Future Market: Evidence From Pakistani Stock Market Kse-100 Index, Hamid Ullah, Attaullah Shah Jan 2013

Lead-Lag Relationship In Spot And Future Market: Evidence From Pakistani Stock Market Kse-100 Index, Hamid Ullah, Attaullah Shah

Business Review

This paper has investigated the Efficient Market Hypothesis (EMH) through the concept of lead-lag relationship of the future market prices and spot market prices in the context of Pakistani stock market. The study has used data of randomly selected one hundred and forty firms listed on the Karachi stock exchange from January 1995 to March 2012. Spot and future indexes have been developed from the closing prices through the Price-Weighted index method. First stationarity of the data has been checked through AugmentedDicky Fuller test then GARCH (1,1) model has estimated for both the spot and future index returns in order …

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The Role Of Social Support At Work On Job Burnout, Peerayuth Charoensukmongkol, Murad Moqbel, Sandra Gutierrez-Wirsching Jan 2013

The Role Of Social Support At Work On Job Burnout, Peerayuth Charoensukmongkol, Murad Moqbel, Sandra Gutierrez-Wirsching

Information Systems Faculty Publications

This study investigates the role of coworker and supervisor support on three aspects of burnout: emotional exhaustion, depersonalization, and lack of personal accomplishment. In particular, the authors argue that different sources of social support at work can influence these three aspects of burnout differently. Data collected from personnel at a university in South Texas was used to test the authors’ hypotheses. The results from partial least square regression show that coworker support strongly and negatively associates with emotional exhaustion and depersonalization, while supervisor support strongly and negatively associates with lack of personal accomplishment.

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Detecting Plagiarism In Ms Access Assignments, Anil Singh Jan 2013

Detecting Plagiarism In Ms Access Assignments, Anil Singh

Information Systems Faculty Publications

Assurance of individual effort from students in computer-based assignments is a challenge. Due to digitization, students can easily use a copy of their friend’s work and submit it as their own. Plagiarism in assignments puts students who cheat at par with those who work honestly and this compromises the learning evaluation process. Using a new feature called data macros, this paper showcases a parsimonious method to detect plagiarism in MS Access assignments that can be easily used by instructors to identify and document plagiarism in assignments.

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Fashionable Sponsorship: Fashion Corporations And Cultural Institutions, Allyson Saca Jan 2013

Fashionable Sponsorship: Fashion Corporations And Cultural Institutions, Allyson Saca

Seton Hall University Dissertations and Theses (ETDs)

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Medicare, Medicaid And The Health Status Of Individuals In Washington State, Usa, Ngoc (Lisa) Nguyen Jan 2013

Medicare, Medicaid And The Health Status Of Individuals In Washington State, Usa, Ngoc (Lisa) Nguyen

EWU Masters Thesis Collection

"This paper investigated the effect of having Medicare and Medicaid coverage upon the health status of individuals in Washington, United States. A representative data set of more than 3,000 individuals from the state of Washington was utilized to address this relationship. The findings showed that the type of insurance coverage plays an important role in explaining the health status of individuals in the Washington. The results suggested that having Medicare and Medicaid coverage are positively associated with higher health status for individuals in Washington. Those individuals with Medicare and Medicaid coverage tend to be having better health status than those …

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An Examination Of Attitudes Toward Sexualized Advertising In Las Vegas, Ashley Crisp, Alexis Kennedy Jan 2013

An Examination Of Attitudes Toward Sexualized Advertising In Las Vegas, Ashley Crisp, Alexis Kennedy

McNair Poster Presentations

This study explores the attitudes of college-level criminal justice students as to their perception of sexualized advertising in Las Vegas, and if these attitudes have any correlation with the participant’s length of residency. The study also correlates college-level student’s attitudes toward sexualized advertising and how religious they rate themselves. Female participants who lived in Las Vegas for 5 years or more on average agreed advertisements in Las Vegas are too sexualized. In contrast, female participants who were either born in Las Vegas or lived there less than 5 years neither agreed nor disagreed that advertising was too sexualized. As for …

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Subordinate-Supervisor Communication: Junior Naval Officer Feelings And Obstacles When Communicating Up The Chain Of Command, Neva R. Fuentes Jan 2013

Subordinate-Supervisor Communication: Junior Naval Officer Feelings And Obstacles When Communicating Up The Chain Of Command, Neva R. Fuentes

Communication & Leadership Dissertations and Theses

Research on subordinate-supervisor communication has revealed that employees in civilian organizations often stay silent about workplace problems. Comfort levels between subordinates and supervisors, was a major factor to this silence. Currently, there exists very little literature on upward communication from subordinate to supervisor amongst U.S. Naval Officers. The purpose of this thesis was to explore Junior Officer (JO) feelings and perceived obstacles about communicating up the chain of command with senior officers. Interview questions from a previous study (Milliken, Morrison, & Hewlin, 2003) on subordinate-supervisor communication were adapted for an electronic survey and used to explore JO feelings and perceived …

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Paralinguistic Cues And Their Effect On Leader Credibility, Monte Brian Reid Jan 2013

Paralinguistic Cues And Their Effect On Leader Credibility, Monte Brian Reid

Communication & Leadership Dissertations and Theses

Paralinguistic cues are powerful non-verbal communication elements that have the ability to make even good news sound horrible or bad news more palatable. Drawing upon the hermeneutical phenomenology communication theory of Dilthey (1961) and Shannon’s (1949) communication channel model, this thesis targeted the six primary paralinguistic cues of fluidity, articulation, sonority, tempo, emotion, and dynamic intensity to discover how these cues interact and affect the credibility and palatability of a leader’s message. To facilitate remembrance of these cues, the acronym F.A.S.T.E.D. was coined and used. Three different groups consisting of managers, non-managers, and media and public relations professionals were surveyed …

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Communication In A Traditional Organization, Nidia Haydee Marichalar Jan 2013

Communication In A Traditional Organization, Nidia Haydee Marichalar

Communication & Leadership Dissertations and Theses

This study examines if a mismatch exists between the traditional structure of communication, and the communication needs and expectations of teachers and staff in a rapidly growing and changing charter school system, which in turn contributes to the burgeoning turn-¬‐over and the perceived plummeting morale amongst teachers and staff at the school. Anonymous surveys were administered, and interviews and focus groups were conducted at one school, seeking to gauge teacher and staff perceptions of 1) How well leaders communicated about the school’s and teachers’ mission, strategy, and goals; 2) How well were these ideas and expectations matched to the experiences …

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Virtualization Of Teams And Group Sustainability, Valerian Eshelman Jan 2013

Virtualization Of Teams And Group Sustainability, Valerian Eshelman

Communication & Leadership Dissertations and Theses

Corporations today are looking for ways to cut costs as well as generate additional revenue. One of the most popular methods is to virtualize your employees. Computer mediated communication (CMC), which is propagated through information and communication technology (ICT), enables virtual interaction through email, instant messaging, teleconferences. But what is the impact on team cohesion and individual citizenship in an organization when members never interact face-to-face? This thesis leverages the results of five previous studies which reached the collective conclusion that when team members simply exchange information using CMC it has a corrosive effect on cohesion and team member's job …

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