Business Commons^™

Death Spiral Convertible Bonds, Austin Dwyer

Senior Honors Theses and Projects

Death spiral convertibles, are a type of loan lenders give to a firm in exchange for a right to convert into equity at below market prices. This differs from traditional convertibles because there is no fixed conversion price. Instead, the price can be reset lower if the firm's stock price falls below the conversion price at the time of issuance. As the process repeats itself the stock's price spirals downwards. This process benefits the bondholders at the cost of the shareholders. Based on a hand collected sample of 23 companies issuing a total of I 97 floating price convertibles, the …

Canton Gymnastics Academy, Melani Kieling

Senior Honors Theses and Projects

Canton Gymnastics Academy (CGA) will offer many different programs for athletes looking to enter a cheerleading or gymnastics program. The focus will be on providing professional, knowledgeable advice and training to all athletes who enter the doors. As with any sport, CGA will ensure that athletes know correct techniques to execute skills they are learning. This will help ensure that they suffer less bodily injuries throughout their career and they'll have less issues as adults. CGA will be registered as a Limited Liability Company (LLC) with the state of Michigan.

Specifically, CGA will provide two program areas, each with different …

An Investigation Of Employee Engagement And Business Outcomes At An Engineering Services Firm, Preetinder Singh Gill

Master's Theses and Doctoral Dissertations

This research study investigated the constructs and dimensions of employee engagement and their relationship with business outcome data from 2009 to 2011 at a mid-sized engineering services firm and two of its business units. Employee engagement ratios, as defined by Crabtree (2004), for all entities studied were below that associated with world-class organizations. Survey items related to salary and compensation received low scores from both engaged and disengaged employees. Kruskal-Wallis’s median comparison tests revealed that many survey items varied over the period of three years for each entity studied. A factor analysis of companywide survey data yielded 5 dimensions of …