Business Commons^™

Letter From The Faculty Editor, Beth Kegley

Discovery, The Student Journal of Dale Bumpers College of Agricultural, Food and Life Sciences

No abstract provided.

Persistence Is Not Key: A Study On The Relationship Between The Persistence Of Going Concern Opinion Type I Errors And Investor Confidence, Christin Marie Kooti

Theses, Dissertations and Capstones

This study examines how persistent Type I errors in going concern opinions impact investors’ decisions and confidence in the warning signal embedded in the opinion. Despite regulatory changes intended to improve audit accuracy and restore investors’ confidence in the audit profession, such as the Sarbanes-Oxley Act and the Accounting Standard Update 14-15, along with the StoneRidge Investment Partners vs. Scientific Atlanta Court Case verdict, persistent going concern opinions (Type I errors) weaken the perceived informativeness of audit warnings. Signaling theory provides the framework to explore the question: “Do persistent Type I errors in going concern opinions influence investors’ perceptions of …

Skip-Level Meetings: Perspectives Of Skipped First-Tier U.S. Tech Leaders, Samuel Blacher

Dissertations

Although significant research exists on numerous intersecting theories, such as adaptive leadership, leadership communication, and employee voice, and although they are discussed in business publications and widely yet inconsistently implemented in industry, skip-level meetings are little scholarly studied. Such meetings offer benefits for employees, direct (skipped) managers, and skip-level leaders, and through them, to organizations, yet they also hold risks and pitfalls, and are influenced by various contextual factors, such as stakeholders’ national culture and age. This exploratory qualitative study employed elements of interpretive phenomenology, followed by thematic analysis, to examine the experiences, perceptions, and emotions of a diverse set …

Ipo Performance And Stochastic Dominance, Vassil T. Mihov, Jue Ren

The Journal of Entrepreneurial Finance

We examine the performance of initial public offerings (IPO) using a stochastic dominance approach that captures investors’ preferences for higher moments of the returns distribution. Using a comprehensive sample of 6,671 IPOs in the U.S. from 1980 to 2012, we find no evidence that IPOs underperform size and book-to-market matched portfolios. We find that the market portfolios do not second-order stochastic dominate IPOs with VC-backing, backed by high reputation VCs, low debt IPOs, or those backed by growth capital. We also examine the IPO performance in booms vs. recessions as well as in times of low vs. high sentiment. Overall, …

Formal Financing Of Small And Medium Scale Enterprises In Nigeria: A Path To Economic Development?, Kingsley Onyekachi Onyele, Eberechi Ikwuagwu, Innocent Umezurike

The Journal of Entrepreneurial Finance

This investigation assessed the influence of formal financing for small and medium-sized enterprises (SMEs) on the economic advancement of Nigeria, utilising annual time series data ranging from 1992 to 2022. Employing the Cobb-Douglas framework, control variables, including capital formation and labour, which could influence economic development, were incorporated into the empirical model to mitigate bias. Following initial tests for stationarity, it was determined that all variables achieved stationarity upon the first difference, a finding that validated the Vector Error Correction Mechanism (VECM) application. The analysis revealed that the credit extended to SMEs by commercial banks and the loans provided by …

Employee Benefit Plan Audits: Knowledge Spillover For Improving Quality, Lisa Ann Nash

Theses, Dissertations and Capstones

This study provides a unique glimpse into the work of non-BigN accounting firms offering Employee Benefit Plan (EBP) audit services for single employer defined contribution plans. The study examines knowledge spillover from joint services and EBP auditor specialization to improve EBP audit quality. EBPs often incur low-quality audits, resulting in penalties assessed by the Department of Labor (DOL) for deficiencies. Companies may feel a sense of comfort hiring the same auditor they used for their company financial statements, but the EBP audits require the auditor to possess specialized knowledge beyond the requirements for the financial statements to confirm compliance with …

Foundations Of Business, 2nd Edition, Holly Jackson

Open and Affordable Course Content at VCU

No abstract provided.

Factors That Impact Customer Loyalty As Examined In Integrated Marketing Communications Agencies, Terry L. Hapney Jr.

Theses, Dissertations and Capstones

Integrated Marketing Communications (IMC) agencies report high customer turnover, making it difficult for them to retain customers in the B2B realm. Relationship Marketing Theory informs this study, which centers on IMC firm growth from market share. Market share is a result of customer loyalty. There are factors that IMC agency leaders, such as CEOs and CMOs, can leverage to strengthen customer loyalty, including satisfaction, trust, quality, value, habit, engagement, attachment, image, and reputation. This study examines these concepts collectively for the first time in any context; it also examines them specifically in the IMC agency context for the first time. …

Uncovering New Perspectives On Job Performance In Diverse Work Settings: A Job Demand-Resource Theoretical Approach, Myesha P. Holmes

Theses, Dissertations and Capstones

The aim of this study was to integrate the agility literature within the theoretical framework of the Job Demand-Resource (JD-R) Theory to examine and validate whether employee agility (job resources) and work overload (job demands) influence the relationship between subjective wellbeing, work engagement, and job performance among remote, hybrid, and onsite workers. Data was collected through a Qualtrics Online panel, utilizing five standardized and validated scales, from a sample of 504 full-time employed respondents across the United States. The data was analyzed using Structural Equation Modeling (SEM) and Analysis of Variance (ANOVA). The results indicated a significant relationship between employee …

The Influence Of Generative Artificial Intelligence On Leadership: An Exploration Of Technology Professionals' Perceptions Regarding Leadership, Adaptation, And Organizational Culture In The Digital Age, Paul Thomas Herdman

Theses, Dissertations and Capstones

The emergence of generative artificial intelligence (GenAI) has introduced new complexities for organizational leadership, requiring technology professionals to adapt in real time to evolving digital tools, strategic demands, and cultural dynamics. Although prior research has examined AI’s broad influence on business processes, few studies have explored how technology leaders experience and interpret the leadership challenges and opportunities arising from GenAI. This qualitative dissertation addressed that gap by investigating the perceptions of senior technology professionals regarding GenAI’s influence on leadership roles, competencies, decision making, and organizational culture. Using Lanigan’s (1977) phenomenological method of human science, this study explored the lived experiences …

Collecting Financial Data From Online Sources: Enhancing Large Language Models With Real-Time Search, Yang Li

Department of Information Management and Business Analytics Faculty Scholarship and Creative Works

Timely and accurate access to financial data is crucial for empirical research in accounting and finance. However, current data collection processes are often manual, inconsistent, and difficult to scale. This study asks: How can large language models (LLMs) be effectively used to automate financial data collection? Using design science research methodology (DSRM), the author develops a modular architecture that integrates a real-time search API and auxiliary information processing into LLM workflows. The study applies the model to two tasks: extracting ESG report release dates and identifying customer firm tickers from COMPUSTAT. The system achieves 96% and 95% accuracy, respectively, comparable …

Using Blockchain, Non-Fungible Tokens, And Smart Contracts To Track And Report Greenhouse Gas Emissions, J Gregory Jenkins, Eric N. Negangard, Mark D. Sheldon

2025 Faculty Bibliography

Global markets are moving toward requiring firms to track and report greenhouse gas emissions across their value chain. This includes self-generated emissions (i.e., Scope 1), emissions from power providers (i.e., Scope 2), and emissions from upstream suppliers and downstream parties (i.e., Scope 3). Yet, obtaining reliable emissions data is a complex task that often relies on cumbersome legacy processes and becomes especially challenging with upstream and downstream emissions. Using the Design Science Research Methodology, we propose and prototype (early-stage) a technological solution that uses blockchain, non-fungible tokens, and smart contracts to track and report greenhouse gas emissions across a firm’s …

The Economic Impact Of The 2024 Lpga Dow Championship, Grand Valley State University, Christian Glupker

Other Faculty Publications

The 2024 Dow Championship is estimated to have generated or supported economic benefits for the Great Lakes Bay region in the following ways:

• A total economic impact of $16.8 million in economic activity, supporting 128 jobs, and contributing $8.9 million to the regional GDP.
• The increase in economic activity generated $150,000 in tax revenue for local municipalities, $225,000 for special districts, and $142,000 for the Great Lakes Bay counties.
• The event attracted 30,061 spectators and required the assistance of 4,389 staff members and 1,050 volunteers.

The Economic Impact Of The Grand Rapids Area Nonprofit Arts And Culture Sector, Grand Valley State University, Christian Glupker, Paul Isely

Other Faculty Publications

The Grand Rapids area nonprofit arts and culture sector (GRACS) is estimated to have generated or supported economic benefits for the city of Grand Rapids and Kent County in the following ways:

• The total economic impact of this industry is estimated at $298.7 million in economic output, supporting 2,529 jobs. Approximately $195 million in economic output is new to the area.
• The total annual fiscal impact (tax revenue) of all primary visitor spending and GRACS organizational spending is estimated at $821,000 for municipalities and $585,000 for Kent County.
• GRACS events attracted 2.67 million visitors, with 48% visiting from outside the …

Size Premium In Small Business Valuation: Analysis Of Closely-Held Firms, Craig S. Galbraith

The Journal of Entrepreneurial Finance

One of the most misunderstood components of valuing a small closely-held business is how to address the impact of small size. Most closely-held enterprises are relatively small in size, with market values less than $1million. Many small mom and pop operations, or single owner-operator family businesses, often have market values even smaller. The most common method to account for size is to use the size premium reports from Kroll or another financial data service provider. However, these small firm premiums are determined exclusively from publicly-traded firms, where even the category of the smallest publicly-traded firms are still magnitudes larger than …

Reimagining Compliance: Explainable Ai Models For Financial Regulatory Audits, Hrishikesh Desai

Faculty Publications

This chapter develops an analytical model for Explainable AI (XAI) designed to support major types of banking regulatory compliance audits. Financial institutions increasingly rely on AI for efficiency in compliance tasks, but the opacity of complex models creates challenges in meeting regulatory transparency requirements. The proposed mathematical framework incorporates explainability as a quantifiable constraint in the optimization of AI models across five critical audit categories: CAMELS examinations, BSA/AML compliance, Consumer Compliance, IT Audits, and Internal Audits. By quantifying explainability through information- theoretic measures and Shapley values, the model balances predictive performance with regulatory requirements. The methodology is validated through a …

2025 Nebraska Business

College of Business: Trade Publications

2025 Nebraska Business

Exploring The Nexus Of Climate Change, Energy Poverty, And Resilience Through Social Enterprises, Bupe Kunda

Honors Program Theses

This thesis examines how social enterprises address the nexus of climate change, energy poverty, and resilience in Zambia. Despite abundant renewable resources, only 34% of Zambians have electricity access, with stark urban-rural disparities (67% vs 14.5%). Using a qualitative multiple case study approach, this research analyzes ZESCO Limited, Muhanya Solar Limited, and Nyimba Energy Service Company (NESCO) through an integrated theoretical framework combining Social-Ecological-Technical Systems (SETS), energy justice, and social entrepreneurship theories. The study reveals that social enterprises demonstrate innovative approaches including NESCO's energy service company model and Muhanya's prepaid metering system, yet face significant challenges achieving financial sustainability and …

Investing In Leaders To Support Neurodiversity At Work, Beth M. Houran

Theses, Dissertations and Capstones

Neurodiversity-focused hiring initiatives, such as those pioneered by JP Morgan Chase, DXC Technology, and Microsoft, are addressing talent shortages by harnessing the unique strengths of neurodiverse individuals. This research investigated the role of emotional intelligence, servant leadership, and organizational resources in supporting neurodiverse teams. Grounded in the conservation of resources theory, the findings reveal that EI is a significant antecedent to SL, enabling leaders to foster stronger relationships and engage in extra-role behaviors with neurodiverse employees. Notably, while SL positively impacts leader-member exchange and organizational citizenship behavior toward individuals, the hypothesized moderating role of resources was not supported, suggesting that …

Shaping Strategy In The Digital Age: The Impact Of Consumer Electronic Word Of Mouth On Firm Strategic Emphasis, Brandon Holle, Hang T. Nguyen, Hieu V. Phan

Faculty Scholarship

This research explores how consumer electronic word of mouth (eWOM) influences a firm’s strategic emphasis, focusing on the distinct effects of positive and negative eWOM on value appropriation (e.g., advertising) versus value creation (e.g., R&D). Analyzing over 33 million social media posts covering 39 corporate brands from 2010 to 2020, the authors find that positive consumer eWOM influences firms to prioritize a strategic emphasis on value appropriation, while negative consumer eWOM is associated with a strategic emphasis on value creation. These effects are moderated by product category, market competition, and industry instability. Firms in hedonic categories have attenuated responses to …

Social Media Influencers’ Impact On Curated Subscription Purchases, Ker Xiong

Doctor of Business Administration Dissertations

Subscriptions gained popularity during the COVID-19 pandemic by ensuring that consumers would have access to their products without human contact. As consumers emerged from lockdown, marketers faced the challenge of whether consumers will continue to purchase subscriptions and how to attract customers now that in-store shopping has resumed. The purpose of this study is to investigate how user generated content (UGC), promotion, and trust impact the purchase intention of curated box subscriptions with social media influencers (SMI) serving as a moderating variable. The stimulus-organism-response (S-O-R) framework was used to model how UGC, promotion, and trust can impact curated subscription purchases …

2024-2025 Morehead State University Audit Report, Morehead State University. Accounting And Financial Services Office.

Morehead State University Audit Reports

2024-2025 Audit Report for Morehead State University.

Cybersecurity And Business Analytics: Strengthening Financial And Governmental Digital Defenses, Bushra F. Malik, Ravindar Reddy Gopireddy

Accounting, Business Analytics, Economics, and Finance Department Faculty Articles

The rapid digitization of financial services and federal operations has significantly increased cybersecurity risks. Cybercriminals are continuously evolving their attack methodologies, targeting financial institutions and government agencies to exploit vulnerabilities in digital infrastructures. Business analytics has emerged as a powerful tool in combating these threats by leveraging artificial intelligence (AI), machine learning (ML), and big data analytics to detect, analyze, and prevent cyber threats in real time. This paper explores the convergence of cybersecurity and business analytics, emphasizing their combined role in strengthening threat intelligence, fraud detection, incident response, and regulatory compliance. The research provides insights into emerging security trends, …

Finding Our Way: Three Studies On The Evolving Role Of Arts Nonprofits In Contemporary Society, Trevor Meagher

Public Affairs Dissertations - Archive

Arts nonprofits play vital roles in defining the character of a community. However, our collective relationship with these organizations is evolving. This article-based dissertation leverages mixed methods to explore arts nonprofits’ evolving relationship with society.

The first article conceptually analyzes historical trends in arts advocacy in the United States. It explores how the arguments organizational supporters make in the hopes of securing financial and public support have developed and shifted in popularity over the past half-century. These streams are thematically connected through an emphasis on utilitarianism and value-extraction, and they have historically been employed in almost completely static proportion to …

Warring Identities: The Transition From Servicemember To Civilian Employee, Michael Beeson

Business Administration Dissertations - Archive

This dissertation explores the role that military service identity plays in the transition to civilian employment. While there is a large volume of research on both the servicemember transition out of the military and military service identity, this dissertation contributes to this literature by examining the intersection of military service identity and the transition to civilian employment. This dissertation is designed to examine the nature of the military identity as servicemembers separate from the military and transition to civilian employment using competing theoretical identity frameworks rooted in identity and social identity theories. First I conduct a survey study that examines …

Navigating Compliance: How Wage Theft Influences Warn Act Decisions, Roberto Gonzales

Accounting Dissertations - Archive

Economic theory suggests that firms comply with regulations when the expected costs of noncompliance outweigh the expected benefits (Becker 1968). Despite minimal enforcement, weak penalties, and strong incentives for noncompliance, some firms comply with the provisions of the Worker Adjustment and Retraining Notification (WARN) Act, which mandates advance notice of mass layoffs and plant closings. Using a sample of 7,084 firm-years necessitating WARN Act disclosures from 2000 to 2020, I reassess the cost-benefit calculus by first demonstrating that wage theft violations provide the incentives necessary to compel firms to comply with other minimally enforced laws like WARN. Next, I find …

Reliability Certification Of Supply Chain Networks Under Uncertain Failures And Demand, Ashish Chandra, Jong Gwang Kim

Faculty Publications – Management

In the dynamic and uncertain landscape of modern supply chains, a significant challenge for supply chain network (SCN) architects is ensuring that their designs consistently deliver reliable performance amidst variable traffic demands and unpredictable failures. This assurance is particularly difficult due to the exponential and potentially uncountable set of scenarios that must be considered for evaluation. In response to this challenge, we propose an optimization-theoretic framework to assess the performance of supply chain networks by incorporating flexible routing strategies amid system uncertainties. By modeling network failures and uncertain demand requirements, our methodology tackles the inherent intractability of these certification problems …

Secured Or Unsecured: That Is All Matters - Practical Implications Of New Reference Rates, Tunc Oygur, Alper Kirik, Yaman O. Erzurumlu

Faculty Publications – Finance, Insurance, and Law

EUR and USD overnight risk-free rates (RFRs) have undergone a period of change, with EONIA being replaced with ESTR and Fed Funds Rate (FFR) being replaced with SOFR. We conduct a comparative analysis of the representative power of EONIA vs. ESTR and FFR vs. SOFR regarding market confidence and guidance on market expectations. Our results imply a significant difference between the US and the Eurozone. ESTR-EONIA displays similar characteristics, whereas FFR-SOFR displays different characteristics. SOFR is a superior market indicator to its predecessor and more effectively reflects market confidence than the FFR. However, none of the four RFRs displays forecasting …

Generation Of Family Ceo And Outward Fdi: An Examination Of Indian Family Firms, Arindam Mondal, Somnath Lahiri, Sougata Ray

Faculty Publications – Management

Family firm research has upheld that generation of top family-based executives (including CEOs) plays a significant role in strategy development and governance. A key growth strategy undertaken by family firms around the world, including the Asia-Pacific region, is internationalization. But how generation of family CEO impacts family firm internationalization, particularly outward FDI (OFDI), remains largely overlooked. Drawing on the family firm and internationalization literature and utilizing the socioemotional wealth (SEW) logic, we examine in this study the influence that family CEO generation (founder versus later) has on family firm’s extent of OFDI. We also investigate the extent to which two …

Assessing The Relationship Between Empathy Climate, Motivation To Empathize, Network Ties, And Leader Engagement In Pursuit Of Validating An Empathy Climate Scale, Sarah Gray Shults

CGU Theses & Dissertations

In the current fast-paced, collaborative, and volatile work environment, leader empathy is emerging as a critical leader capability for leaders across all levels. Leader empathy refers to a leader’s ability to understand and relate to the feelings and experiences of another individual or group of individuals while also recognizing that the experience is not their own. In 2018, the European Union cited leader empathy as the top leadership skill; in 2020, Forbes named leader empathy as one of three critical leadership competencies; and in 2023, Harvard Business Review listed it as one of eight essential leader qualities. Leader empathy is …