Business Commons^™

Training, Leveraging, And Communicating About Military Spouses As Employees, Deborah A. Bradbard, Nicholas Armstrong, James Beamesderfer

Institute for Veterans and Military Families

This product, a training slide deck designed for hiring managers and human resource professionals, is the third in a series of products that illustrates the unique strengths and challenges that military spouses bring to the workforce while supporting their service member’s military career. This training tool, designed to be used with the other two products in the series, offers a “hands-on” way for those interested in hiring military spouses to gain key insights and ways to train, leverage talent, and communicate when employing military spouses.

Ceo Overconfidence And Stock Price Crash Risk, Jeong-Bon Kim, Zhang Wen, Liandong Zhang

Research Collection School Of Accountancy

This study examines the association between chief executive officer (CEO) overconfidence and future stock price crash risk. Overconfident managers overestimate the returns to their investment projects and misperceive negative net present value (NPV) projects as value creating. They also tend to ignore or explain away privately observed negative feedback. As a result, negative NPV projects are kept for too long and their bad performance accumulates, which can lead to stock price crashes. Using a large sample of firms for the period 1993–2010, we find that firms with overconfident CEOs have higher stock price crash risk than firms with nonoverconfident CEOs. …

Using A Mobile Gaming App To Enhance Accounting Education, Poh Sun Seow, Suay Peng Wong

Research Collection School Of Accountancy

This paper describes the first mobile-gaming app for learning accounting, Accounting Challenge (ACE). As at June 30th 2016, ACE was downloaded 21,800 times, spanning 90 countries and has won three international teaching awards. The app was motivated by the aim to empower students to learn accounting in a fun way, outside the classroom. ACE combines mobile learning and game-based learning to generate interest and motivation for the digital-native students and is freely available in iPhone/iPad and Android version. Based on a voluntary students’ survey, majority rated ACE favorably, indicating that they were satisfied with the app. ACE was presented at …

Short Selling Meets Hedge Fund 13f: An Anatomy Of Informed Demand, Yawen Jiao, Massimo Massa, Hong Zhang

Research Collection Lee Kong Chian School Of Business

The existing literature treats the short side (i.e., short selling) and the long side of hedge fund trading (i.e., fund holdings) independently. The two sides, however, complement each other: opposite changes in the two are likely to be driven by information, whereas simultaneous increases (decreases) of the two may be motivated by hedging (unwinding) considerations. We use this intuition to identify informed demand and document that it exhibits highly significant predictive power over returns (approximately 10% per year). We also find that informed demand forecasts future firm fundamentals, suggesting that hedge funds play an important role in information discovery. (C) …

Entry Of Copycats Of Luxury Brands, Sarah Yini Gao, Wei Shi Lim, Christopher S. Tang

Research Collection Lee Kong Chian School Of Business

We develop a game-theoretic model to examine the entry of copycats and its implications by incorporating two salient features; these features are two product attributes, i.e., physical resemblance and product quality, and two consumer utilities, i.e., consumption utility and status utility. Our equilibrium analysis suggests that copycats with a high physical resemblance but low product quality are more likely to successfully enter the market by defying the deterrence of the incumbent. Furthermore, we show that higher quality can prevent the copycat from successfully entering the market. Finally, we show that the entry of copycats does not always improve consumer surplus …

The Effect Of Monetary Policy On Bank Wholesale Funding, Hyunsoo Choi, Hyun Soo Choi

Research Collection Lee Kong Chian School Of Business

We study how monetary policy affects the funding composition of the banking sector. When monetary tightening reduces the retail deposit supply due to, for example, a decrease in bank reserves or in money demand, banks try to substitute the deposit outflows with more wholesale funding in order to mitigate the policy impact on their lending. Banks have varying degrees of accessibility to wholesale funding sources because of financial frictions, and those banks that are large or that have a greater reliance on wholesale funding increase their wholesale funding more. As a result, monetary tightening increases both the reliance on and …

The Effect Of Monetary Policy On Bank Wholesale Funding, Hyunsoo Choi, Hyun Soo Choi

Research Collection Lee Kong Chian School Of Business

We study how monetary policy affects the funding composition of the banking sector. When monetary tightening reduces the retail deposit supply due to, for example, a decrease in bank reserves or in money demand, banks try to substitute the deposit outflows with more wholesale funding in order to mitigate the policy impact on their lending. Banks have varying degrees of accessibility to wholesale funding sources because of financial frictions, and those banks that are large or that have a greater reliance on wholesale funding increase their wholesale funding more. As a result, monetary tightening increases both the reliance on and …

Management Research In Amj: Celebrating Impact While Striving For More, Gerard George

Research Collection Lee Kong Chian School Of Business

Over the years, I have read articles or listened to panel discussions that question the value of management scholarship, and often critiqued its relevance or insightfulness for an applied profession. On occasion, I have sided with those who are more pessimistic of our future as a field. While there are many truths in these commentaries, they might not give adequate credit to the robust knowledge production ecosystem that generates applied insight with scientific rigor. Yes, there is a lot more we can do but we should also celebrate the work we do well. Having read over 4000 manuscripts as an …

2016-12-00 Concerns, Morehead State University. Staff Congress.

Staff Congress Records

Staff Congress concerns for December of 2016.

Front Matter

The Foundation Review

No abstract provided.

Aiming High: Foundation Support For State Advocates Brings Universal Children’S Health Coverage Within Reach, Sheila Dunleavy Hoag, Debra J. Lipson, Victoria Peebles

The Foundation Review

To help close the children’s health insurance coverage gap in the United States, in 2011 the Atlantic Philanthropies created the Kids- Well Campaign. KidsWell’s theory of change posits that if advocates could leverage new funding and coverage opportunities created by the Patient Protection and Affordable Care Act, they could expand the number of children with health insurance coverage.

This article presents the major results of the KidsWell evaluation, which found substantial progress in achieving KidsWell interim policy changes and coverage outcomes. But advocates still have a full agenda, which means grantees and funders need to redouble efforts to educate the …

Executive Summaries

The Foundation Review

No abstract provided.

Editorial, Teresa R. Behrens

The Foundation Review

No abstract provided.

Through The Looking Glass: Foundation Evaluation And Learning And The Quest For Strategic Learning, Suzanne Kennedy Leahy, Sandra Wegmann, Lexi Nolen

The Foundation Review

Strategic learning, a critical if relatively new lens for philanthropy, is neither simple nor efficient to institutionalize or practice yet — foundations are still figuring out how to do it well. In 2015, the Episcopal Health Foundation launched a project to distill lessons about how leading foundations configure evaluation and learning, and how they allocate related responsibilities in support of strategic learning.

This article addresses different models that foundations use to establish and staff evaluation and learning functions, what other organizational considerations they should take into account in order to prioritize strategic-learning work, and what tools and approaches can be …

Full Issue

The Foundation Review

No abstract provided.

Lessons About Evaluating Health-Coverage Advocacy Across Multiple Campaigns And Foundations, Leslie Foster, Mary Harrington, Sheila Hoag, Debra Lipson

The Foundation Review

This article draws on a dozen years’ experience in evaluating major consumerhealth advocacy initiatives to build the knowledge base about advocacy evaluation. The authors explain how their evaluations were strengthened by articulating a detailed theory of change and emphasizing assessment of interim outcomes from many perspectives and methods.

Even with comprehensive data and integrated analysis, however, some ambiguity in the results is inevitable; there is no completely objective way to determine the effectiveness of an advocacy initiative. Moreover, sometimes solid or even exceptional advocacy efforts do not lead to desired policy outcomes. Advocacy initiatives that fail initially may be groundwork …

Designing Technical-Assistance Programs: Considerations For Funders And Lessons Learned, Jennifer Lyons, Sheila Dunleavy Hoag, Cara Orfield, Sonya Streeter

The Foundation Review

As foundations continue to provide grantees with technical assistance in addition to financial support, it is important to understand what works well, for whom, and in what circumstances. This reflective practice article aims to help funders who have identified a problem amenable to technical assistance to develop a strong program by providing support to a group of organizations addressing similar problems or by providing customized individual support.

Drawing on insights from evaluations of two technical-assistance programs, this article recommends five key issues for funders to consider when offering such a program: whose priorities will shape the agenda, how group composition …

Book Review: American Generosity: Who Gives And Why By Patricia Snell Herzog & Heather E. Price, Jason Franklin

The Foundation Review

No abstract provided.

Back Matter

The Foundation Review

No abstract provided.

2016-12-01 Faculty Senate Meeting Minutes, Morehead State University. Faculty Senate.

Faculty Senate Records

Faculty Senate meeting minutes for December 1, 2016.

Leading Small And Medium-Sized Enterprises In A Difficult Period: What Differentiates Success From Failure, Emmanuel Quansah

Student Scholarship

Small and medium-sized enterprises (SMEs) are the largest engines of job creation and innovation in the U.S. and many parts of the world--yet most of them fail within the first five years of being opened. While the factors that contribute to their failures have been well studied, there is little empirical research about how they survive difficult economic periods. How can SMEs compete and grow in the face of today's complex, turbulent, and fiercely competitive business environment? The aim of this study is to provide a better understanding of how leaders of successful SMEs enable their businesses to survive and …

Local And International Entrepreneurial Relationship Experiences Of Black Business Leaders, Shola Ajiboye

Student Scholarship

There has been an absence of research in the academic and practice literature on entrepreneurial relationship experiences of Black business leaders. This qualitative study attempted to fill this gap. Twenty-nine top business leaders were interviewed, representing different sectors of the economy, including 15 Africans in Nigeria, West Africa and 14 African Americans in the U.S., to examine and compare their local and international business relationship experiences. The results showed 20 identified differences. The study also revealed three broad areas of similarity that provide a potential basis for future partnerships and one common barrier that provides a basis for future advocacy.

Nonprofit Ceo Sustainability: Maintaining Personal Wellbeing And Effective Organizational Leadership Over The Long Haul, Jeffrey D. Frey

Student Scholarship

Leadership sustainability ultimately rests in the hands of the leader. Critical incident interviews were conducted with twenty "sustainable" and ten "unsustainable" Chief Executive Officers (CEOs) of diverse nonprofit organizations, as identified by trusted third party raters. Interviews were also conducted with fifteen spouses from this group of thirty. In addition, the CEOs’ organizations’ IRS Form 990 data was analyzed. A true focus on the organization’s mission, mastery over their relationships, and self-care significantly differentiated the sustainable CEOs from the unsustainable. With no significant differences in demographics, or personal and organizational pressures, the CEO’s perspective and actions directly impacted their capability …

From Warning To Wallpaper: Why The Brain Habituates To Security Warnings, Bonnie Anderson, Anthony Vance, C. Brock Kirwan, Jeffrey L. Jenkins, David Eargle

Faculty Publications

Warning messages are fundamental to users' security interactions. Unfortunately, research has shown that they are largely ineffective. A key contributor to this failure is habituation: decreased response to a repeated warning. Previous research has inferred the occurrence of habituation to warnings or measured it indirectly, such as through the proxy of a related behavior. Therefore, there is a gap in our understanding of how habituation to security warnings develops in the brain. Without direct measures of habituation, we are limited in designing warnings that can mitigate its effects. In this study, we use neurophysiological measures to directly observe habituation as …

Predicting The Performance Of Queues: A Data Analytic Approach, Kum Khiong Yang, Cayirli Tugba, Mei Wan Low

Research Collection Lee Kong Chian School Of Business

Existing models of multi-server queues with system transience and non-standard assumptions are either too complex or restricted in their assumptions to be used broadly in practice. This paper proposes using data analytics, combining computer simulation to generate the data and an advanced non-linear regression technique called the Alternating Conditional Expectation (ACE) to construct a set of easy-to-use equations to predict the performance of queues with a scheduled start and end time. Our results show that the equations can accurately predict the queue performance as a function of the number of servers, mean arrival load, session length and service time variability. …

Increase In Takeover Protection And Firm Knowledge Accumulation Strategy, Heli Wang, Shan Zhao, Jinyu He

Research Collection Lee Kong Chian School Of Business

Research summary: We argue that the extent to which a firm faces takeover threats affects its knowledge structure. In particular, takeover threats may lead to managers' reluctance to adopt a strategy toward firm-specific knowledge accumulation because implementing this strategy requires them to acquire specialized skills, which are at risk under takeover threats. Conversely, takeover protection leads to an increase in firm-specific knowledge. Further, the relationship between takeover protection and firm-specific knowledge is positively moderated by managerial ownership, which helps align managerial interests with those of shareholders. But the relationship is negatively moderated by managerial tenure, as long-tenured managers have already …

Understanding And Tackling Societal Grand Challenges Through Management Research, Gerard George, Jennifer Howard-Grenville, Aparna Joshi, Laszlo Tihanyi

Research Collection Lee Kong Chian School Of Business

“Grand challenges” are formulations of global problems that can be plausibly addressed through coordinated and collaborative effort. In this Special Research Forum, we showcase management research that examines societal problems that individuals, organizations, communities, and nations face around the world. We develop a framework to guide future research to provide systematic empirical evidence on the formulation, articulation, and implementation of grand challenges. We highlight several factors that likely enhance or suppress the attainment of collective goals, and identify representative research questions for future empirical work. In so doing, we aspire to encourage management scholars to engage in tackling broader societal …

Limited Attention, Marital Events And Hedge Funds, Yan Lu, Sugata Ray, Melvyn Teo

Research Collection Lee Kong Chian School Of Business

We explore the impact of limited attention by analyzing the performance of hedge fund managers who are distracted by marital events. We find that marriages and divorces are associated with significantly lower fund alpha, during the six-month period surrounding and the two-year period after the event. Busy managers who manage multiple funds and who are not part of a team are more affected by marital transitions. Inattentive managers place fewer active bets relative to their style peers, load more on index stocks, exhibit higher R-squareds with respect to systematic factors, and are more prone to the disposition effect.

Public Hedge Funds, Lin Sun, Melvyn Teo

Research Collection Lee Kong Chian School Of Business

Hedge funds managed by listed firms significantly underperform funds managed by unlisted firms. The underperformance is more severe for funds with low manager deltas, poor governance, and no manager co-investment, or managed by firms whose prices are sensitive to earnings news. Notwithstanding the underperformance, listed firms raise more capital and harvest greater fee revenues than do comparable unlisted firms. The results cannot be explained by endogeneity, backfill bias, serial correlation, or manager manipulation, and are consistent with the view that, for asset management firms, going public weakens the alignment between ownership, control, and investment capital, thereby engendering conflicts of interest.

Appointment Systems Under Service Level Constraints, David Chen, Rowan Wang, Zhenzhen Yan, Saif Benjaafar, Oualid Jouini

Research Collection Lee Kong Chian School Of Business

We consider a new model of appointment scheduling where customers are given the earliest possible appointment times under the service level constraint that the expected waiting time of each individual customer cannot exceed a given threshold. We apply the theory of majorization to analytically characterize the structure of the optimal appointment schedule. We show that, the optimal inter-appointment times increase with the order of arrivals. That is, the optimal inter-arrival time between two customers later in the arrival process is longer than that between two customers earlier in the arrival process. We study the limiting behavior of our system, and …