Business Commons^™

Market Effects Of Local Media Employment Reductions On The Idiosyncratic Risk Of Nearby Firms; Returns, Valuation, And Debt; And Firm Meet-Beat Behavior And Ceo Turnover And Compensation, C. Kyle Jones

Open Access Theses & Dissertations

This research examines the effects of reductions in local and regional media employment on firms' information environment. A reduction in the number of local media employees available to provide coverage of firms is associated with persistent levels of increased idiosyncratic risk. The source of that firm-level risk appears to be increased estimation risk among investors, rather than decreased awareness about the investment opportunities or real effects on firms' product market competition. I also demonstrate that overall levels of local media coverage are associated with differences in returns similar to those associated with coverage in national outlets. While a reduction in …

Managerial Entrenchment And Financial Reporting Comparability, Qifeng Wu

Open Access Theses & Dissertations

This study examines whether managerial entrenchment has an association with firms' financial statement comparability. I find that managerial entrenchment has a significant negative association with financial statement comparability, providing a new notion about the management influence on financial reporting quality. Moreover, by using the business segment as a proxy for business complexity, I find that the variation of accounting comparability with its peer firms mainly stems from managers' investment choice. This finding supports FASB's assertion that financial statement comparability is a reporting quality that should be enhanced among firms with similar economic events. Lastly, I test if managerial entrenchment mitigates …

Target Accounting Quality And Merger Consideration Design, Yuyun Zhou

Open Access Theses & Dissertations

This study examines how accounting quality of target firms relates to the design of merger consideration in acquisition agreements. Prior literature suggests that acquirers mitigate adverse selection problems by making the value of merger consideration sensitive to the acquirers' merger announcement returns. Using a large sample of acquisition agreements of public merging parties between 1996 and 2017, I investigate whether high-quality accounting information of target firms helps acquirers mitigate adverse selection problems and in turn affects the sensitivity of merger consideration to the acquirers' merger announcement returns. I hypothesize and find that accounting quality of target firms is negatively related …

Two Essays On Executive Compensation, Michael Abrokwah

Open Access Theses & Dissertations

This doctoral dissertation examines the effect of an exogenous event on Executive compensation and the relationship between executive compensation and earnings management undertaken by the firm.

My first essay presents evidence that natural disasters have an effect on CEO compensation. Our main findings are that option compensation is lower for CEOs in counties where a natural disaster occurred. Furthermore, in the year of the disaster, stock compensation is higher among CEOs in natural disaster counties when compared to those in non-disaster counties. When considering liquidity, option compensation levels are lower for firms with below average liquidity levels but stock compensation …

The Capm, National Stock Market Betas, And Macroeconomic Covariates: A Global Analysis, Michael Curran, Adnan Velic

Articles

Using global data on aggregate stock markets, this paper finds that the capital asset pricing model fares much better than suggested previously. At shorter time horizons, our results also show that the positive risk-reward relation can collapse during times of high volatility. Compared to other countries, we retrieve evidence of lower systematic risks across frontier equity portfolios. We find that countries characterized by higher levels of openness, exchange rate volatility, and larger economic size are exposed to higher systematic covariances with the world stock market. Conversely, we obtain an inverse link between international reserves and systematic risks in national equity.

Entrepreneuring After 50: The Liminal Identity Transitions Of Older Emergent Entrepreneurs, Lucia Garcia-Lorenzo, Lucia Sell-Trujillo, Paul Donnelly

Articles

Entrepreneurship has been proposed as a solution to extending working lives. However, little is known about how older (50+) entrepreneurs manage their personal transitions into entrepreneurship. In this paper, we propose to use a liminal identity work perspective to explore the identity paradoxes that older entrepreneurs experience during their transition into entrepreneurship and how they manage it. We use a qualitative study conducted over 14 months in the United Kingdom. Our analysis shows how older entrepreneurs confront identity paradoxes, interruptions and identity polarization in their attempts to shift from older identities and activity patterns into new ones. The entrepreneurs who …

Stochastic Modeling Of Earthquakes And Option Pricing Using Bns-Gamma-Ou Model, Mandela Bright Quashie

Open Access Theses & Dissertations

High frequency data are becoming increasingly popular these days. They are fundamental in basically every facet of people’s lives. They are the determining factors in hedging in the field of finance. In geology, they help in the accurate prediction of earthquakes’ magnitude which goes along way to help save lives and properties.

High frequency data are also used more and more frequently for speculations. For this reason, it is important not only for scientists to apply models allowing correct quantification of these data, but also to improve the eciency of these models.

The Black-Scholes model, which is widely used because …

Who Is Willing To Speak Up And Why? Examining Individual And Organizational Predictors Of Employee Voice Behavior In Higher Education Institutions, Jessie Socorro Arellano

Open Access Theses & Dissertations

Employee voice behavior is central to the effectiveness, the development, and the adaptability of organizations to their environments. However, there is currently limited organizational research and knowledge on the factors that influence employee voice behaviors, especially in the context of higher education institutions. As such, the purpose of this study is to examine the predictors of employee voice behaviors in institutions of higher education. Specifically, this study examines the impact of key individual and organizational factors such as alumni status, organizational commitment, work motivation, communication climate, and organizational politics on employees' expression of promotive and prohibitive voice in higher education …

Airport Ceos And The Decentralized System Of Airports: A Case Study, Marjan Mazza

Publications

The job of the airport CEO is complex with responsibility for the security and safety of a large and dynamic facility and, yet the FAA does not have regulatory qualification and performance standards for the position. The purpose of this qualitative multi-case study was to explore the primary attributes that could be the leading indicators in the event national standards for the hiring of airport CEOs are pursued at major commercial airports. The guiding conceptual framework of the study was to combine competency with the concept of training and development. Airport CEOs from six airport facilities were interviewed, and an …

Four Practices For Achieving An Effective Work Force- By Using Coaching, Mentoring, Empowerment, And Motivational Tools Scm Leaders Can Attract, Retain, And Develop Their Multi-Generational Staffs, Peter E. O'Reilly

Publications

Presentation Learning Objectives:

• Implement best practices immediately associated with attracting, retaining, and motivating multi-generational folks for greater results in a SCM organization.
• Distinguish the differences and benefits from employing both coaching and mentoring methods in a multi-generational work force for higher SCM productivity.
• Evaluate and utilize numerous motivational tools to address the different ways each of the four multi-generational can best be motivated.

The Role Of Endogenous And Exogenous Risk In Fdi Entry Choices, Peter J. Buckley, Liang Chen, L. Jeremy Clegg, Hinrich Voss

Research Collection Lee Kong Chian School Of Business

FDI research has presented consistent evidence that firm experience moderates the effect of risk on entry in a new foreign market. This conclusion is contested by recent research. By revisiting the conceptualisation of risk by economists and behaviourists, we show that the proposed learning mechanism only applies to endogenous risk, not exogenous risk. As assessing endogenous risk involves self-evaluation of risk-reducing capability, it is posited that firms have differential tendencies to take such risks even when experience and ownership are accounted for. We find both observed and unobserved variations in firms' responses to endogenous risk, as opposed to exogenous risk.

Financial Sustainability Strategies Of Religious Nonprofit Organizations, Erica Illauna Allen

Walden Dissertations and Doctoral Studies

The percent of religious nonprofit organizations (RNOs) facing uncertainty in operational capital and resources will rise as government funding diminishes. The RNOs that struggle to maintain a competitive advantage are at high risk of failure. Grounded in the resource-based view theory, the purpose of this qualitative multiple case study was to explore funding strategies leaders of RNOs use to achieve financial sustainability beyond the first 5 years of operation. Participants were 3 leaders of RNOs in Middle Tennessee with successful experience in applying funding strategies that increased revenue year-over-year while serving their constituencies. Data sources included face-to-face interviews and organizational …

Recapitulating The Bayesian Framework For Neurosurgical Outpatient Care And A Cost-Benefit Analysis Of Telemedicine For Socioeconomically Disadvantaged Patients In The Philippines During The Pandemic, Kevin Paul Ferraris, Jared Paul Golidtum, Brian Karlo W. Zuñiga, Maria C G Bautista, Jose Carlos Alcazaren, Kenny Seng, Joseph Erroll Navarro

Graduate School of Business Publications

Objective: In the Philippines during recent months, a neurosurgical center that caters primarily to socioeconomically disadvantaged patients has encountered unprecedented changes in practice patterns brought about by the COVID-19 pandemic. In particular, the usual task of outpatient care has shifted to the telemedicine format, bringing along all of its attendant advantages and gargantuan challenges. The authors sought to determine the responsiveness of this telemedicine setup to the needs of their disadvantaged patients and explored the application of Bayesian inference to enhance the use of teleconsultation in daily clinical decision-making. Methods: The authors used the following methods to assess the telemedicine …

Not All Job Stressors Are Harmful: The Role Of Employees’ Psychological Capital, Hyounae (Kelly) Min, Hyun Jeong Kim

ICHRIE Research Reports

Human resources are an important asset for the hospitality industry; however, long working hours, low pay, and demanding customers are known to increase hospitality employees’ job stress. Work stress contributes to a high turnover rate in the hospitality industry; thus, it is critical for hospitality practitioners to understand work-related stressors and aid employees in coping with their stress. Challenge stressors can be viewed as beneficial to employees, while hindrance stressors tend to bring little benefit to employees. Through a survey of 232 hotel employees, we examined the role of psychological capital in the association between job stressors and employee burnout …

Do All Angry Customers Complain?, Hyounae (Kelly) Min, Hyun Jeong Kim

ICHRIE Research Reports

Customer complaints can shed light on organizations’ key performance practices, providing useful information for organizations to learn from their mistakes Since customer complaints should be regarded as a learning opportunity, it is important to identify what drives customer complaints. Through experimental designs using a failed service in the restaurant, we investigated whether all angry customers complain to the service provider and if not, what prevents them from raising their voice. Results showed that customers who felt powerful complained about a service failure as soon as they were angry; on the other hand, customers who felt powerless were not comfortable making …

Goodyear Research Project, Morgan Mosiniak, Tristan T. Cavanaugh, Jared Kvaka

Williams Honors College, Honors Research Projects

NA

The Fitzgerald Institute For Entrepreneurial Studies Innovation Project, Tyler Blazynek, Laura Brink, Lucas Daull, Hailee Olson, Agostino Rocca, Andrew Adolph

Williams Honors College, Honors Research Projects

na

Metisentry- E-Sports, Evan Kirian, Jennifer Cranmer, Kevin C. Edwards, Matthew Ackerman, Veronica Janosek, William A. Reilly

Williams Honors College, Honors Research Projects

N\A

How Access To Finances Affects Gender Inequality Across Cultures, Allison Muntin

Williams Honors College, Honors Research Projects

While many studies of financial inclusion have been undertaken, very few discuss the inclusion of women. Financial inclusion plays a large role in unlocking resources for the disadvantaged, resulting in higher economic growth and development. The economic opportunity allows individuals and businesses to have a greater contribution to society as a whole, enhancing all aspects of the economy. This paper furthers the conversation of women’s access to financial institution accounts across cultures and what underlying factors play a key role. The results indicate that the female demographic has fewer financial institution accounts in comparison to men when: (i) a country’s …

The Corrosion Behavior Of Aisi 304l Stainless Steel In Simulated Concrete Pore Solution. And A New Marketing Plan For Stainless Steel Rebars., Kenny Aronson

Williams Honors College, Honors Research Projects

The purpose of this project is to study the corrosion behavior of AISI 304L stainless steel, and to present the results for a new marketing strategy for a steel rebar manufacturer. This experiment involved the usage of cyclic potentiodynamic polarization tests to investigate the effect of chlorides on the pitting corrosion behavior of AISI 304L stainless steel in a simulated concrete pore solution with 3.5 wt.% chlorides. The results of this experiment showed that the chlorides caused a large increase in the corrosion current density of AISI 304L stainless steel indicating increased susceptibility to general corrosion and pitting corrosion. The …

The Gender Wage Gap In Research Libraries, Heather A. Howard, Meara Habashi, Jason B. Reed

Libraries Faculty and Staff Scholarship and Research

The gender wage gap impacts millions of women throughout the US and world, with women in the US making on average 82% of men’s salaries (US Census Bureau, 2018). In research libraries, a field dominated by women, this has historically been true as well, with men rising to top positions at a higher rate and making more money than women in the same positions. Over the decades following the implementation of Affirmative Action, the number of women in administrative positions in research libraries has increased dramatically. This article explores the issue of women’s salaries in research libraries in five job …

An Exploration Of Strategic Alignment In Higher Education, Linda Jimenez

Wayne State University Dissertations

The aim of this study is to explore the faculty’s experience and perspective of the alignment between their research, teaching, and service to the institutional priorities. Presently, higher education faces institutional issues that are unique with varying contexts and where strategic alignment has a vital influence on organizational performance. Although faculty’s core activities are service, teaching, and research, the enduring and prevailing challenges in higher education require faculty to expand their roles of core activities and engage in broader strategic initiatives of institutions. The need for this study is driven by a shortage of evidence about whether and how faculty …

Manager Development In Younger, Growing Organizations, Christine Parcells

Theses and Dissertations

This study explored manager development needs in younger, growing organizations related to challenges with uncertainty, ambiguity, and a rapid pace of change. This research examined two companies: one that had not gone through IPO or acquisition and one that was acquired twice. The primary themes in the findings included adaptive behaviors and communication capabilities, the impact and influence of a company's culture and a changing organization structure on development, as well the need for building relationships and networks to help managers cope with the challenges of a growing organization. By implementing manager development programs early, companies can build inclusion, foster …

Career Trajectory And Leadership: The Role Of Personal Adversity, Kristina E. Kovacs

Theses and Dissertations

Adversity is part of life and certainly contributes to human development. This study seeks to explore the impact of personal adversity on career trajectory and leadership. A qualitative study based on 12 interviews with a narrative approach is presented. Key themes were identified among high-level executives around career evolution, perception of leadership, and how those experiences impacted their way of leading. The study concludes with a brief discussion of limitations and the findings that raise questions for additional research and provide some support for leadership and career development, counseling, and training.

The Impact Of Manager Appreciative Communication On Employee Psychological Well-Being Being, Matthew Bowman

Theses and Dissertations

Communication and leadership are both important components of a successful organization and can play a role in an employee's psychological well-being. This study looks at managers communication and the real-life impact on an employee's experience at work and how it affects their happiness. This study uses a mixed methodology to build a foundation of data, each from the managers and employees' point of view to build context and generate a direction a manager can take when communicating with their staff. The manager and employee reactions showed a correlation between a manager's ability to communicate their appreciation to their employee. A …

Team Building Challenges And Opportunities After A Public Agency Merger, Andrea A. Severson

Theses and Dissertations

This study used a mixed-method design to gather data about team building after a public agency merger. This study found that teamwork, role clarity, and clear decision processes were the most important factors impacting goal accomplishment post-merger. Prioritizing team building before, during, and after a public agency merger can address some of the most common challenges presented by a merger or acquisition.

Multi-Generation Family Business Succession At Mondial Printing Services In Nigeria: A Case Study, Titus Oyeladun

Theses and Dissertations

This qualitative single case study examined the factors that contributed to the successful transition of Mondial Printing Services (MPS)—a family business in Nigeria—to the second generation. Secondly, this study investigated to what extent, if any, did formal succession planning impact the transfer of Mondial Printing Services from founder to second generation in Nigeria. And lastly this study investigated to what extent, if any, does succession experience of a second-generation family business leaders at MPS influence their approach to continuity and succession planning. This study analyzed qualitative data in the form of interviews from a sample population of five employees at …

An Evaluation Of A Transorganizational Development Process Promoting Positive Social Change, Erin Hall

Theses and Dissertations

Humanity's largest and most complex social problems are not going to be adequately addressed by one organization working alone. This study addressed two research questions: (1) what ingredients enable successful transorganization collaboration seeking positive social change? and (2) what roles does trust play? Using a case study methodology, participants and observers were interviewed. The data was analyzed using Ainsworth and Feyerhem's diagnostic model of transorganzational systems and Vangen and Huxham's trust-building and trust-sustaining theory. The findings emphasize the interdependence of transorganizational system (TS) design components and, in particular, of trust with each of the components.

Talent Investment And Nonprofit Pay: A Study In The Arts Community, Sally E. Loftis

Theses and Dissertations

The purpose of this study is to explore employee perceptions of pay as part of a talent investment strategy at Penland School of Craft, the largest non-academic craft school in the United States. The study outlines action research completed when funds from a transformational endowment gift were used for employee needs. Study data reflected that structural and pay changes increased employee engagement. Study findings also informed recommendations for a nonprofit strategy to pay living wages connected to costs of living and a pay raise framework that supports different levels of employee development.

Assessing Best Practices For The Virtual Onboarding Of New Hires In The Technology Industry, Kaitlyn Pavlina

Theses and Dissertations

This qualitative study explored the recent virtual onboarding experiences of new hires at companies in the technology industry. The present study sought to answer two research questions: to identify the current practices of technology companies for virtually onboarding new hires and to understanding the self-identified needs of recent new hires in this industry around virtual onboarding. The study found that tech companies focus most heavily on formal orientation sessions, one-on-one meetings, and group meetings when virtually onboarding new hires. Additionally, four key themes emerged when exploring what new hires find most important during virtual onboarding. This study details each of …