Business Commons^™

Debt Heterogeneity And Covenants, Yun Lou, Clemens A. Otto

Research Collection School Of Accountancy

Coordination failure among owners of heterogeneous debt types increases distress costs. Covenants reduce expected distress costs by lowering the probability of liquidity shortages, increasing liquidation values, and incentivizing creditor monitoring. We predict and find that new debt contracts include more covenants when borrowers' existing debt structures are more heterogeneous. Our findings suggest that covenants are not only used to address creditor-shareholder conflicts but also to reduce the expected costs of coordination failure among creditors. Further, our results indicate a dynamic component missing from static debt structure models: Debt heterogeneity entails additional covenants (i.e., constraints) when raising future debt.

Recommendations From Sec’S Plain English Handbook: Perspectives From Behavioral Research, Clarence Goh

Research Collection School Of Accountancy

The SEC published the plain English handbook in 1998 with the objective of providing preparers of financial disclosures with a guide to using well-established techniques to create clearer and more informative disclosure documents. The handbook provides various recommendations to preparers of disclosure documents. In this study, I examine and systematically synthesize the extent behavioural research literature that investigates the impact of implementing these recommendations on investors. I do so by developing a framework to systematically examine relevant studies. Overall, the analysis provides important insights from a behavioural perspective into how and why investors react to various recommendations in the SEC’s …

Codification Of Statements On Auditing Standard, Numbers 122 To 135, As Of May 2019, American Institute Of Certified Public Accountants (Aicpa)

AICPA Professional Standards

No abstract provided.

The Impact Of The Web And Social Media On The Performance Of Nonprofit Organizations, Namchul Shin

Journal of International Technology and Information Management

This research empirically analyzes the impact of both the Web and social media on the performance of nonprofit organizations by using 100 nonprofit organizations ranked by web traction measures, including Facebook Likes and Twitter Followers. Our findings from ANOVA and non-parametric tests demonstrate that nonprofit organizations with higher web traction have greater contributions and grants than others with lower web traction. These findings suggest that the use of the Web coupled with social media promotes better, interactive (two-way) communications with the public, as well as fundraising and that nonprofit organizations that attract more supporters on the Web and social media …

The Use Of Generic Scripting In Certain Application Development Projects, Vance Allen Etnyre, Jian Denny Lin, Nanfei Sun

Journal of International Technology and Information Management

This article discusses generic scripting, a useful scripting technology for developing applications. In its simplest use, generic scripting can be used as a documentation tool to replace flowcharting or pseudocode. in certain situations, generic scripting can lead directly to a working application without the need to write, compile and test a new program. Generic scripting is discussed as a tool which can be used in logical design, detailed design and implementation of a new application. An example is presented to show how generic scripting can be used by non-programmers to simplify the development of applications. This example is used to …

College Choice Criteria Utilizing Conjoint Analysis Enabled On A Saas Platform, Alison Munsch

Journal of International Technology and Information Management

College enrollments and low to moderate household incomes are stagnating while tuition costs are increasing. The New York State Legislature enacted the nation’s first tuition-free degree program, the Excelsior Scholarship, designed to make a college education more affordable to middle class families. This legislation can impact what institution of higher education students will choose upon high school graduation. In order to understand the choice criteria for selecting an institution of higher education, a research study was conducted among a representative sample of high school upper classmen and parents of this respondent segment. The data collection and analysis were accomplished using …

Empirical Investigation Of Digital Strategies In Online Retail, Yong Chin Tan

Dissertations and Theses Collection (Open Access)

This dissertation examines digital strategies used by online retailers to engage customers and increase sales. The first essay investigates the impact of offering incentives to recapture lost sales from abandoned online shopping carts (i.e., customers adding items to their carts, but leaving without purchasing). Collaborating with an online fashion retailer, I conducted a randomized field experiment by manipulating the presence of incentives in recovery interventions. Findings reveal that incentives facilitate purchase conversion, but responsiveness to the incentives differs across various customer and cart characteristics.

In the second essay, I explore how retailers can leverage Augmented Reality (AR), a technology that …

Three Essays On Information Diffusion And Market Friction, Li Guo

Dissertations and Theses Collection (Open Access)

How markets impound information into asset prices is one of the most important concerns of financial economics. Due to behavioural bias and transaction friction, information could be mispriced in the real world, thus driving market anomalies and return predictability of behavioural factors. My dissertation contributes to the literature by investigating how information can be quantified, acquired, disseminated and priced in the financial market with the existence of market frictions.

In Chapter 2, we propose an efficient method based on machine learning and textual analysis to quantify cross industry news and shed light on how news travels across different industries. The …

The Multidimensionality Of Business Risk: A Managerial Perspective Implications For Its Classification, Interpretation & Management, Prakash Bagri

Dissertations and Theses Collection (Open Access)

Business risk has been a critical area of managerial attention and the topic of extensive academic research. Despite the intense focus, there is little convergence around its understanding and limited insights on how managers deal with it. Extant literature provides an ex post model of business risk, focusing on the behavioural context of risk-taking driving a linear expression of risk action.

We conducted in-depth interviews of 16 C-suite executives to find that managers (1) view business risk as a multi-dimensional construct involving different facets of risk, (2) emphasize the importance of people across these facets, (3) differ in their prioritization …

Do Satisfied Employees Deliver Better Service Experiences That Result In Satisfied Customers, And, What Are The Factors Affecting Employee Satisfaction And Customer Satisfaction?, Chuen Kong Kevin Cheong

Dissertations and Theses Collection (Open Access)

It is often said that a happy worker is a good worker, but do happy workers in the service industry result in happy or satisfied customers or guests? This research aimed to seek out answers to this anecdotal question by surveying both frontline, customer-facing employees and visitors or guests in several visitor attractions in Singapore and the Philippines. The research found significant correlation between job satisfaction, psychological empowerment and guest satisfaction, particularly in zone-managed visitor attractions. Zone-managed attractions did not deploy the conventional and traditional functional operating structure; employees’ job functions were clustered by customer touchpoints associated with how the …

Research On Extreme Poverty Governance Based On Social Network Analysis, Wenyong Lei

Dissertations and Theses Collection (Open Access)

In this dissertation, the author goes inside some of China's most remote and poorest villages and tries to reveal the determinants, correlates and strategies to address the gap of existing poverty governance system and the complexity and diversity of poor population. He offers in-depth insights into what the poor people think about poverty with two major indicators, identifies evidence on the feasibility of duel-network embedding strategy to reduce poverty, and explains how diverse groups hit by extreme poverty could develop entrepreneurship relationship with diversified market and available social economic resources. Drawing on examples that take place in Xide County, a …

Micro-Coaching As A Blend To Make E-Learning More Effective, Krishnan Narayanan

Dissertations and Theses Collection (Open Access)

While e-learning has taken a stronghold as the de-facto training medium in knowledge intensive technology sector organizations, several factors have been hypothesized to influence the efficacy of training efforts, such as educator presence, interaction levels and individual motivation for development. This dissertation looks at one blended learning intervention that organizations can make use of to significantly improve the learning outcomes. The paper introduces micro-coaching, a new construct referring to brief coaching and mentoring interventions, that in conjunction with the e-learning sessions can improve cognitive as well as behavioral changes in individuals, which are key to improving learning and the resultant …

Regulatory Focus And Female Leadership Development: How Male Leaders Modify The Self-Regulating Focus Of Mid-Career Female Followers To Motivate Their Pursuit Of Future Career Progress, Vinika Devasar Rao

Dissertations and Theses Collection (Open Access)

Inadequate representation of women in the upper corporate echelons remains a worldwide problem, in spite of seemingly concerted efforts by organizations to counter it. While progress has been made in terms of entry level percentages of women, the numbers continue to fall with growth up the corporate ladder. Asia is no exception to this phenomenon. Analysis of literature and secondary data reveals that academic writing on the subject is generally declining but practitioner literature abounds with reports on the still low number of women in leadership positions.

This research study uses a discovery-oriented grounded theory approach based on qualitative analysis …

Opinion Shopping To Avoid Going Concern Audit Opinion And Subsequent Audit Quality, Heesun Chung, Catherine Heyjung Sonu, Yoonseok Zang, Jong-Hag Choi

Research Collection School Of Accountancy

Despite regulatory concerns over opinion shopping (OS) behavior, there exists little systematic evidence on the prevalence and consequences of OS to avoid a going concern opinion (GCO). Using Lennox's (2000) framework to identify OS, we find that distressed firms successfully engage in OS to avoid a GCO. Moreover, clients engaging in OS exhibit a higher ex post Type II error rate in audit opinions than clients that do not, and the higher Type II error rate is salient for clients switching auditors for OS but not for clients retaining auditors for OS. We continue to find this asymmetric effect of …

J Mich Dent Assoc May 2019

The Journal of the Michigan Dental Association

Every month, The Journal of the Michigan Dental Association brings news, information, and features about Michigan dentistry to our state's oral health community and the MDA’s 6,200+ members across the state. No publication reaches more Michigan dentists!. This month's issue features an interview with Dr. Margaret Gingrich, MDA president, the MDA's partnership with TDSC, The Dentists Supply Company, and more on our 100th anniversary celebration.

Benchmarking Oecd Countries’ Sustainable Development Performance: A Goal-Specific Pca Approach, Shyam Lamichhane

Master's Theses

In this thesis, the current status of the Organisation for Economic Co-operation and Development (OECD) countries’ sustainable development performance towards reaching the recently announced 2030 Agenda (17 UN Sustainable Development Goals (SDGs)) was investigated. Over 90 social, economic and environmental sustainability indicators were considered for the performance assessment of OECD countries towards reaching the targeted SDGs. The current weighted averaging approach used in the recent SDG Index and Dashboards Report was used as the benchmark and its limitations were discussed. To overcome the limitations, a novel Goal Specific Principal Component Analysis (GS-PCA) approach was proposed to create composite sustainability index …

Common Causes Of It Project Failure In Public Universities In Oklahoma, Stephanie Jones

Doctoral Dissertations and Projects

Information technology (IT) project management is a dynamic field. It requires a project manager who knows how to manage a project and possesses a knowledge of technology. The purpose of this research is to find the common factors that contribute to IT project failure in public universities in Oklahoma and know what role facilitated the failed IT project. For the purposes of this study, the roles leading the projects are a certified project manager, a non-certified project manager, or a non-project manager. Also, IT projects for this study are ones that require hardware changes, software changes or integrate new technology. …

The Impacts Of Insurance And Billing Considerations On The Practice And Attitudes Of Genetic Counselors, Emily Krosschell

Dissertations and Theses (Open Access)

Genesurance counseling has been identified as an integral part of many genetic counseling sessions, but little is known about the workflow impacts and genetic counselor perceptions of genesurance-related tasks. In this study, we aimed to characterize how insurance and billing considerations for genetic testing are being incorporated into genetic counselors’ practice; as well as describe current attitudes and challenges associated with their integration. An electronic survey was sent by email to members of the National Society of Genetic Counselors (NSGC). A total of 325 genetic counselors that provided direct patient care were included in data analysis. Results showed that the …

Schende's "Calling And Vocation: From Martin Luther To The Modern World Of Work" (Book Review), Stefana Dan Laing

The Christian Librarian

No abstract provided.

Inversed Learning In An Intermediate Accounting Course, Ashley B. Bentley

Electronic Theses and Dissertations

Students enrolled in accounting courses often struggle because of the complexity of the topic. Accounting instructors have searched for effective means of fostering student success, but the learning process continues to change. Critical thinking and problem solving abilities are vital for students and future professionals. Thus, teaching should not be limited to the transmission of information. By moving the dissemination of basic knowledge outside the classroom inversed learning allows class time for deep dives into complex topics and hands-on activities. Students who are actively involved in learning tend to be more successful in the classroom.

The purpose of this study …

Essays In Asset Pricing, Wanshan Song

Dissertations and Theses Collection (Open Access)

My dissertation centers on two areas related to market microstructure. First, the role of retail traders, or the information they have, for financial markets. I use retail short selling as an example to narrow down the topic and study their trading patterns and trading strategies. Second, the role of passive indexers such as index funds or ETFs, for financial markets. I am trying to analyze the channels through which the nominally uninformed traders have influences on the return and market quality of the underlying stocks.

In Chapter 2, I study retail short sellers. It is interesting to paint retail short …

“Because I Care I Risk”: How Ceo Free Market Orientation Affects The Extent And Type Of Income Smoothing, Mirzokhidjon S. Abdurakhmonov

Graduate Theses and Dissertations

The executive political ideology literature suffers from a lack of conceptual clarity because social and economic issues are conflated. This has created an inconsistency in empirical findings with the theoretical predictions of the political ideology construct. In this dissertation, I identify a distinct economic component, free market orientation, based on support for economic individualism, competition, and property rights to reconcile these inconsistencies. Specifically, I argue that these indicators of free market orientation will have a unique impact on the way executives run their organizations. I develop a novel scale that measures CEO economic values that I term free market orientation …

The Interplay Between Change And Project Management For Business Results, Taiwo O.O. Abraham

Theses and Dissertations

The present study investigates the potential interplay between change management and project management. The research aims to determine the causal effect between the two concepts. Data is collected from a focus group comprised of various managers. The study concludes that managers readily apply the concepts of both change management and PM when making decisions. Also, there is significant appreciation of the value of both PM and change management in the contemporary business environment. Future studies need to investigate the relevance of the change management models on PM strategies.

Three Essays On Venture Capital Backed Firms And Peer To Peer Lending, Abdelhamid Riani

Theses and Dissertations

This dissertation includes three separate essays related to venture capital backed firms and peer to peer lending. The first essay, presented in Chapter II, studies underpricing and buy and hold abnormal returns in venture capital backed firms.

In this chapter, I conduct an analysis of underpricing and buy-and-hold abnormal returns in venture capitals' portfolio of firms using a sample of 991 venture backed IPOs between 1985 and 2018. I show that the more experienced the venture capital is, the larger the underpricing and the lower the buy-and-hold returns of the whole portfolio. Venture capital investors underprice significantly their portfolio of …

2019 May, Morehead State University. Office Of Communications And Marketing

Morehead State Press Release Archive, 1961 to the Present

Press releases for May of 2019.

Beyond The Castle: An Analysis Of The Strategic Implications Of Disney+, Jordan Sturgill

Undergraduate Honors Theses

The Walt Disney Company has been incomparably successful in a wide array of product and experience markets. In the fall of 2019, Disney will launch a new branded streaming service, Disney+. This research will examine and analyze, by means of SWOT and PEST analyses, the marketing strategy and managerial implications for Disney+ as well as the internal and external conditions facing the company that may affect, either directly or indirectly, the platform’s success.

Notes From The Dean: Strengthening Our Role As "Chicago's Business School"

Business Exchange

No abstract provided.

Alumnus Profile: Depaul Provided Foundation For Ceo's Success, Frank S. Ptak, Bus '65, Dhl '13

Business Exchange

Interview profile of business school alumnus Frank S. Ptak, retired chairman and CEO of Marmon Holdings Inc., a subsidiary of Berkshire Hathaway Inc.

Leaders Of Today

Business Exchange

Four student leasers, Rebeca Mitrea, Kevin Felisme, Olena Cruz and Bevon Joseph are profiled about how they intend to use their business acumen to lead and empower others.

Professional Development: Professor Shares Out-Of-This-World Advice For Leadership

Business Exchange

DePaul management and entrepreneurship faculty member Neal Outland has research the leadership qualities of astronauts as part of his 2017 Illinois Space Grant Fellowship. He sees parallels between NASA teams and business teams and gives advice on how to lead effectively, assemble an effective team, and keeping performance high over the long term.