Business Commons^™

Can Venture Capitalists Tame The Wolves? An Analysis Of Fraudulent Underwriters, Ipo Characteristics, And Vc Certification, Steven Dolvin

Steven D. Dolvin

A recent hit movie, The Wolf of Wall Street, highlighted the fraudulent activity of the investment bank Stratton Oakmont. Unfortunately, this was not the only such financial firm convicted of illegal behavior during the 1990s; there were at least 34 Initial Public Offering (IPO) underwriters that were the subject of SEC enforcement during this period. I examine the characteristics of IPOs underwritten by these investment banks, particularly as they compare to other IPOs. I find that IPOs underwritten by sanctioned investment banks (particularly those that were less active in the IPO market) were significantly different with respect to both firm …

Employer Perceptions Of Migrant Candidates' Suitability: The Influence Of Decision-Maker And Organisational Characteristics, Mario Fernando, Shamika Almeida, Shyamali Dharmage

Faculty of Business - Papers (Archive)

This paper reports on how decision-makers' personal characteristics and organisational characteristics can influence the screening of immigrant professionals during the recruitment and selection process. The sample consisted of 220 decision-makers in the engineering industry working in New South Wales, Australia. The results show White/Anglo Australian decision-makers had more suitability concerns of ethnic migrant candidates during the recruitment and selection process than decision-makers of other ethnicities. However, this was moderated by organisational characteristics of size and clientele. Decision-makers in larger organisations and a diverse ethnic client base showed less suitability concerns of migrant candidates during the recruitment and selection process.

Beyond Gilson: The Art Of Business Lawyering, Praveen Kosuri

All Faculty Scholarship

Thirty years ago, Ronald Gilson asked the question, “what do business lawyers really do?” Since that time legal scholars have continued to grapple with that question and the implicit question of how business lawyers add value to their clients. This article revisits the question again but with a more expansive perspective on the role of business lawyer and what constitutes value to clients.

Gilson put forth the theory of business lawyers as transaction cost engineers. Years later, Karl Okamoto introduced the concept of deal lawyer as reputational intermediary. Steven Schwarcz attempted to isolate the role of business lawyer from other …

The Characteristics Of Potential Environmental Volunteers: Implications For Marketing Communications, Melanie J. Randle, Sara Dolnicar

Faculty of Business - Papers (Archive)

Many environmental organisations rely on volunteers to provide important services that would otherwise not be provided by government. However, with the substantial growth in Australia's non-profit sector, the competition for volunteers has increased significantly. Non-profit organisations are implementing marketing strategies to convince potential volunteers that their particular cause is more worthy of an individual's valuable time than other leisure activities. Most studies of volunteers focus on individuals who are already involved; however, equally important is understanding those who have not previously volunteered but who stated their intention to do so in future. This study investigates this notion in the context …

Ownership Characteristics And Earnings Management In China, Fei Guo, Shiguang Ma

Faculty of Business - Papers (Archive)

Chinese firms are characterized by multiple ownership and high ownership concentration. In this research, we conduct an intensive investigation into the determination of ownership characteristics in earnings management behaviors for Chinese domestic listed firms. Our results indicate that earnings management is determined by the motivations of different types of ownerships. In particular, when a state agency is the largest owner, firms are less likely to undertake earnings management, although the state ownership ratio is positively associated with earnings management. Tradable ownership and particularly concentrated tradable ownership reduce earnings management, while total ownership concentration fosters earnings management.

Ceo Characteristics And The Choice Of Using Non-Financial Performance Measures In Compensation Contracts, Melloney C. Simerly Ph.D.

Theses and Dissertations

This study examines how CEO characteristics influence the decision to use non-financial performance measures (NFPM) in compensation contracts. Specifically, I examine the CEO characteristics: gender, age, tenure, risk-aversion, overconfidence, and sensitivity of wealth. Using trait theory and the extant literature examining NFPM, females, age, tenure, and risk-aversion are expected to be positively associated with the use of NFPM while competing hypotheses are presented for overconfidence and sensitivity of wealth. Employing a two-way fixed effects method, controlling for fixed effects at the firm and year level, I find that female CEOs are positively associated with the use of NFPM because of …