Business Commons^™

Investing In A Green Future: Universities And Renewable Energy, Tommy Kimmell, Philip Kimmell, Matthew Sorensen, Cameron Ruggiero, Ben Coit

Bryant University Undergraduate Journal

This paper explains how the implementation of renewable energy is a favorable energy choice and explores the growing trend of investing in a green economy. The report begins by providing some context as to what renewable energy is and explains why it is a favorable energy choice. The first section outlines the energy industry and deciphers between the two forms of energy currently making up the sector. Breaking up the industry into two separate sectors, being renewable energy and nonrenewable energy, provides an understanding on which form is currently dominating the market. Moreover, the outline describes the concept of investing …

The Academic Field Of Finance And Paradigm Diversity, Kavous Ardalan

Southern Business Review (Archived)

Kavous Ardalan, Ph.D., is associate professor of finance, School of Management, Marist College, Poughkeepsie, NY 12601.

Understanding Cryptocurrencies, Wolfgang Karl Hardle, Campbell R. Harvey, Raphael C. G. Ruele

Sim Kee Boon Institute for Financial Economics

Cryptocurrency refers to a type of digital asset that uses distributed ledger, or blockchain, technology to enable a secure transaction. Although the technology is widely misunderstood, many central banks are considering launching their own national cryptocurrency. In contrast to most data in financial economics, detailed data on the history of every transaction in the cryptocurrency complex are freely available. Furthermore, empirically oriented research is only now beginning, presenting an extraordinary research opportunity for academia. We provide some insights into the mechanics of cryptocurrencies, describing summary statistics and focusing on potential future research avenues in financial economics.

Signalling Expertise In Sport Entrepreneurship: A Mixed-Methods Approach Using Topic Modeling And Thematic Analysis, Ted Hayduk, Brianna Newland

Journal of Applied Sport Management

Despite the recent importance of technological entrepreneurship to sport business, very little is known about the entrepreneurs who are actively defining this new landscape. And, given that effective communication is essential to a thriving entrepreneurship ecosystem, it is important for investors to understand who sport entrepreneurs are and how they position themselves to the world. This will help create a sport business landscape that is receptive to new technologies and supportive of the entrepreneurs who champion them. Thus, the purpose of this paper is to illuminate how sport entrepreneurs communicate with potential investors. To do so, the paper employs a …

The Segregation Of Markets, Christian Turner

Texas A&M Law Review

Campaign-finance reformers fear that rich donors’ money can be used disproportionately to influence the content of campaign advertising and thus, perhaps, the results of elections. In European football, UEFA has attempted to ban “financial doping”—rich owners’ use of money earned in sectors other than football to pay large sums for the best football players. Campaign-finance reform efforts and “financial fair play” rules in sport may seem like bespoke solutions to different problems. In fact, they are the same solution to the same problem. Both are attempts to ensure that power accumulated in one market is not brought into another market …

Mad-Lib Style Game Sheet For Calculating Returns, Brett Whysel

Open Educational Resources

A short activity in which students pair up, fill in blanks with nouns, numbers, etc., creating their own practice problems to calculate returns.

Preferences Of Institutional Investors: Evidence From The Arab Region, Mohamed Ahmed Magdy Elsayed

Theses and Dissertations

In this research, we examine the preferences of institutional investors in the Arab region. Institutional investors’ investment decisions are based on various factors or measures that are used in assessing the worthiness of a company for investment. The research uses measures for stock risk and return, financial leverage, profitability, ownership concentration and trading activity, as well as measures for company size, value, sector, and country as predictor variables for the rate of institutional ownership and analyzes the impact of these variables. Using a cross-sectional model, the research gathers evidence from the Arab region’s leading stock markets by market capitalization for …

Portfolio Insurance Strategies. Parameter Optimization And Comparison Study, Olga Biedova

2020

Portfolio insurance strategies are very popular investment solutions that provide an investor with capital protection as well as allow for an equity market participation.

This dissertation focuses on two portfolio insurance strategies: Constant Proportion Portfolio Insurance (CPPI), one of the most popular strategies, and Volatility Target Portfolio Insurance (VTPI), a modified version of an Option Based Portfolio Insurance (OBPI). This dissertation follows a three-paper model.

In paper one, we propose a two-step approach to the numerical optimization of the CPPI main parameter, multiplier. First, we identify an admissible range of the multiplier values by controlling the shortfall probability (chosen as …

Navigating A Risk-Filled Sea: Insights On How The Law And Insurance Chart A Course By Allocating Liabilities And Creating Incentives, Stephen M. Shapiro

Fordham Journal of Corporate & Financial Law

Risk can be defined as the probability and extent of liability. Risk management involves identifying, evaluating, and minimizing liabilities, which is critical to the success of a wide range of enterprises. Managers often turn to insurance to reallocate risk, and to experts such as surveyors, engineers, attorneys, and accountants to identify and evaluate risks and to advise on how to reduce them. The law also ascertains, allocates, and liquidates liabilities, and affects how insurance reallocates them. Policymakers-both industrial and legal-must be aware of how industry practices, expert services, insurance provisions, and legal structures are intertwined to achieve diverse, and perhaps …

The Regulation Of Cryptocurrencies: Between A Currency And A Financial Product, Hadar Y. Jabotinsky Dr.

Fordham Intellectual Property, Media and Entertainment Law Journal

Cryptocurrencies are electronically generated and stored currencies by which users can trade either real or virtual objects with one another. As these digital assets gain popularity, the issue of how to regulate them becomes more pressing. Cryptocurrencies are attractive due in part to their decentralized, peer-to-peer structure. This makes them an alternative to national currencies which are controlled by central banks. Given that these cryptocurrencies are already replacing some of the “regular” national currencies and financial products, the question then arises—should they be regulated? And if so, how? This paper draws the legal distinction between cryptocurrencies which are in fact …

The Effect Of Gender On Ethical Investing, Delaney J. Housley

Honors Theses and Capstones

Prior literature related to gender and risk propensity would suggest that females are risk-averse, compassionate, and value ethics over return. This ideology of traditional gender norms stereotypically implies that females may be more likely to engage in ethical investing, as there is inherently less risk in investing in companies with strong corporate social responsibility. On the other hand, males are often portrayed as risk-seeking, competitively motivated, and valuing profits over principle, thus may be more willing to compromise ethics if the ends justify the means. The following paper seeks to investigate this relationship between gender and ethical investing, as examined …

The Effect Of Pensions On Fortune 500 Companies And The Market, Ivana Korusiakova

Honors Theses and Capstones

This paper is an attempt at identifying the effects of pension changes and negative news associated with pensions on the stock market. This identification is carried out through an extensive review and analysis of the literature on the causes and reasons for different pension techniques and the economics behind pensions. In addition, four major corporations were analyzed after announcing they would either be altering or discontinuing their pension plans due to the coronavirus pandemic. After conducting further analysis, it was found that pensions do cause major shifts in the stock market due to negative news surrounding them.

The Future Of Actively Managed Funds, Oliver M. Botthof

Honors Theses and Capstones

This study analyzes the relationship between actively managed U.S. equity funds and passively managed U.S. equity funds over the past 20 years. This study concludes with a prediction as to where these markets are headed based off related literature and regression based tests run a a sample of funds.

Causes Of Chaos: Understanding Economic Crises In Latin America, Kevin Murphy

Honors Theses and Capstones

No abstract provided.

Newman/Martoma: The Insider Trading Law's Impasse And The Promise Of Congressional Action, Tai H. Park

Fordham Journal of Corporate & Financial Law

The prohibition against insider trading is a judge-made law that has evolved for over fifty years, and has reached a critical impasse in two recent decisions in the Second Circuit Court of Appeals: United States v. Newman and United States v. Martoma. Judges of the Second Circuit are sharply divided over what conduct constitutes improper trading on material nonpublic information (“MNPI”), leaving the law in profound disarray. At bottom, the disagreement stems from a decades-old split within the judiciary about how to (1) ensure a fair securities marketplace, while (2) enabling institutional analysts to probe for corporate information in furtherance …

The Layers Of Digital Financial Innovation: Charting A Regulatory Response, Teresa Rodriguez De Las Heras Ballell

Fordham Journal of Corporate & Financial Law

The increasing penetration of digital technologies in financial markets is evidenced by promising adoption rates among users, expanding presence of fintech firms and bigtech providing techfin services, and the growing use of fintech solutions by incumbents. The increasingly popular term "fintech" captures the accelerated transformation of contemporary financial markets driven and enabled by technology, and encapsulates its multifarious potential impact on services, market structures, and business models. This Article first aims to devise and propose an analytical framework to understand the digital challenges to financial regulation based on the "layers of digital financial innovation" theory. Accordingly, digital innovation (fintech) is …

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 …

Global Technology Economic Analysis Paradigm, Iwasan D. Kejawa Ed.D

School of Computing: Faculty Publications

Abstract

Is true that it is not only the consumers that make the economy prospers? Business and government also play a role in the economy of a country and corporation. “The GLOBAL technology economy is driven perhaps by the example of a consumer-based society and capital driven citizenry," according to the article in the investor guide of 2013. The role of the government is very important in businesses, organizations and consumers alike depending on the decisions made by the government officials spending of the government. Research have indicated that dependencies of government, organizations, businesses and consumers are intertwine or intermediary. …

Review: Personal Finance (Saylor Foundation), Aaron Henrichsen

Open Textbooks & Reviews

Review of the textbook Personal Finance originally posted on Open Textbook Library (https://open.umn.edu/opentextbooks/textbooks/personal-finance).

Irrational Exuberance: Panic Rooms And Flutters In Financial Markets, Vijay Fafat

Asian Management Insights

As the memory of the 2008 financial crash fades, there are cautionary thoughts on why we tend to overshoot in our optimism, and why even genius comes to grief in the face of capricious, mercurial capital markets.

From Bitcoin To Blockchain, And Back Again, Danielle Szetho, Rene Michau

Asian Management Insights

In the context of the current FinTech revolution, it remains to be seen how the wealth of knowledge on new technologies and business models in the area of finance can effectively and efficiently drive change and seize the new opportunities being created in the vast and fast-paced world of digital and crypto-assets.

Research Project In Finance: Target Corporation, Saba Ajmal

Student Scholarship

Target Corporation was founded in Minnesota and is currently the eight-largest retailer in the US. Target Corp. stock is a part of the S&P500 index. Target’s primary business focus is on selling customers everyday essentials that are on the trendier side at a reasonable price (Form 10- k). Target Corp. has designed a system to provide customers with a unique shopping experience that is well integrated in stores and online via Target.com. According to the firm’s 10-k report, “Our ability to deliver a preferred shopping experience to our guests is supported by our supply chain and technology, our devotion to …

Research Project In Finance: Six Six Flags Entertainment Corporation, Keagan Parsons

Student Scholarship

Six Flags Entertainment Corporation is a theme park company that offers guests thrill rides, water attractions, and other themed events. Six Flags currently operates 25 parks, with 22 parks in the United States, 2 parks Mexico and one in Montreal, Canada. These 25 parks span over 5,900 acres of land and the company has an additional 800 acres of available land yet to be used. In 2018, Six Flags had an aggregate of 920 rides being offered, with the largest segment being their 150 roller coasters.

Six Flags holds exclusive licensing, through Warner Bros and DC Comics, of the theme …

How Do Interest Rates Affect Market Capitalization Growth Rates In The Us?, Philip Carolin

Undergraduate Economic Review

This paper investigates how interest rates affect the market capitalization growth rate of individual companies in the US. The research will distinguish itself from previous literature as it analyzes company and macroeconomic data after the 2008 recession. This is particularly interesting as interest rates have been historically low in this time period. Previous research suggests that since the Great Recession the effects of interest rate changes have decreased. On the contrary I will argue that the effects of interest rates still appear to be significant and substantial when explaining the market capitalization growth rate.

Reliability Of Technical Stock Price Pattern Predictability, Matthew Lutey

LSU New Orleans Theses and Dissertations

Academic research has shown throughout the years the ability of technical indicators to convey predictive value, informational content, and practical use. The popularity of such studies goes in and out over the years and today is being recognized widely by behavioral economists. Automated technical analysis is said to detect geometric and nonlinear shapes in prices which ordinary time series methods would be unable to detect. Previous papers use smoothing estimators to detect such patterns. Our paper uses local polynomial regressions, digital image processing, and state of the art machine learning tools to detect the patterns. Our results show that they …

The Fintech Revolution, Robert J. Kauffman

MITB Thought Leadership Series

The traditional dominance of established big-hitters in financial services is at an end. The market for many types of financial transaction is being disrupted by small businesses, start-ups and entrepreneurs. They are quicker off the mark in both spotting gaps in the market and developing state-of-the-art systems to respond to customer needs.

Zero Textbook Cost Syllabus For Fin 4093 (Corporate Credit Risk), Michele Costello

Open Educational Resources

The course will provide students with an overview of key concepts in corporate credit risk through the lens of a commercial banking risk analyst. Students will be assigned a company to follow throughout the semester and will be required to use the tools of the course to build their own credit rating analysis in a term paper due at the end of the semester. Topics including country risk, industry risk, market risk, business risk (financial and management), and structure risk will be explored through lectures, industry publications, and access to industry analysis and tools. Upon completion of this course, students …

Commercial Lease Tenant Cash Outflow Forecasting Using Multiple Methodologies - Abstract, Dennis Zocco

School of Business: Faculty Scholarship

No abstract provided.

Evaluating An Mlb General Manager’S Bang For Their Buck, Devin Mathura

Honors College Theses

With my passion for baseball, I decided to calculate the value of each player on an MLB active roster and determine whether they are underpaid or overpaid. I then used that information to evaluate and rank how efficient each MLB general manager utilizes their money on players. With the luxury tax becoming more of an issue for teams with high payrolls, there has been an emphasis on general managers to construct a team that will be highly competitive at a reasonably low price. In my report, I imported data that reflected the position for each player as well as their …

The Impact Of Immigration On Financial Markets, Jesse Baker

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

This paper studies the impact of immigration policy on financial markets. I estimate the cumulative abnormal returns surrounding two events the effective start date of the Immigration Act of 1990 and the implementation of the Temporary Protected Status (TPS) of Nicaragua and Honduras in 1999. Focusing on agriculture, construction, and manufacturing firms, I find that the CARs surrounding the events are indeed positive and significant, suggesting that the market anticipated growth among industries that are likely to hire Central American immigrants.