Business Administration, Management, and Operations Commons^™

Equity Mispricing, Firms' Innovation And Institutional Investors, Hamid Sakaki

Theses and Dissertations

First essay has two primary objectives. First, I investigate the relation between institutional investors and firms’ innovation activities and second, the impact of different types of institutional investors on firms’ innovation by classifying institutional investors into five groups. After controlling for other determinants of innovation, the results show that higher institutional ownership stability boosts innovation activities measured by the number of patents and citations. The results also indicate that banks, insurance, and investment companies have a positive and significant effect on firms’ innovation, while investment advisors could affect innovation activities negatively. Moreover, when I classify the institutional investors based on …

Three Essays On Shareholder Activism, Khoa Huu Nguyen

Theses and Dissertations

This dissertation includes three separate studies related to shareholder activism campaigns. The first study, presented in Chapter II, examines the question whether shareholder activism creates value for the targets’ shareholder. I find positive and significant abnormal returns on a day of the targeting announcement, 1.55%, and one day after, 1.33%. For Buy-and-Hold return analysis, I find that stock prices of the targets start to decrease 24 months before activism campaign announcements. Further results indicate that the targets are also underperforming to the market and to their matchings at pre-announcement periods. For post-announcement periods, however, targets’ stock returns recover and outperform …

Organizational Embeddedness As A Mediator Between Justice And In-Role Performance, Debjani Ghosh, Tomoki Sekiguchi, L. Gurunathan

Management Faculty Publications

Highlights

• COR theory is used to explain the psychological path from organizational justice and in-role performance.

• Organizational embeddedness mediated the relationship between organizational justice and in-role performance.

• Distributive and procedural justice predicted fit and sacrifice dimension but not link dimension.

• Procedural justice was a stronger predictor of the fit dimension than distributive justice was.

• Distributive justice was a stronger predictor of the sacrifice dimension than procedural justice was.

Abstract

Drawing on the conservation of resources (COR) theory, we theorize that organizational justice influences in-role performance by embedding employees into the organization. Using a sample of 236 employee-supervisor dyads from diverse …

Identifying Key Areas Of Worklife And Their Interactive Effect In Explaining Pakistani Nurses’ Burnout, Faisal Qadeer, Amnah Imtiaz, Imran Hameed

Management Faculty Publications

We examined the effect of incongruence in the areas of worklife (AWL) on burnout of nurses. Specifically, we were interested in identifying the most important AWL and interactions among AWL and psychological resilience in explaining nurses’ burnout. Incongruence in the worklife escalates burnout and resilience is a coping trait. The phenomenon needs to be studied in developing countries where entirely different health dilemmas exist. A cross sectional survey was conducted from 147 nurses. SEM through AMOS 21 and Process Macro of SPSS was used for data analysis. Two AWL namely control and reward, emerged out to be the most important …

Mobile Appointment Reminders In Patient-Centered Care: Design And Evaluation, Ying Wang

Theses and Dissertations

Reminder systems have great potential to enhance healthcare outcome if it can facilitate collaborative appointment management with accessible mobile communication technology in patient-centered care. Yet, Current appointment reminder systems are effective but not optimal (McLean, et al. 2016). Following the design science process delineated by Peffers et al. (2007) and other requirements, this study proposes a design of reciprocal reminder system that automates the process of appointment rescheduling for healthcare providers and patients in addition to confirmation and cancellation. Based on the premises of media synchronicity theory, media naturalness theory and stakeholder theory as kernel theories, this study develops a …

Essays On The Performance And Earnings Management Of Cross-Listing Firms, Klaus S. Beckmann

Theses and Dissertations

I investigate the performance and earnings management of firms that cross-list in foreign markets. In the first essay, I analyze and compare the underpricing and buy-and-hold abnormal returns of depositary receipt equity offerings with preceding Initial Public Offerings (IPOs) and Seasoned Equity Offerings (SEOs) of the same firms to identify differences and motivations of equity offerings free of any matching bias. I find that domestic equity offerings entail significantly larger underpricing than subsequent foreign equity offerings. The average buy-and-hold abnormal returns of depositary receipt equity offerings are significantly lower than the underlying firm’s performance at preceding domestic equity issuances over …

An Empirical Investigation Of The Universal Effectiveness Of Quality Management Practices: A Structural Equation Modeling Approach, Young Sik Cho, Ramin Maysami, Joo Y. Jung, C. Christopher Lee

Management Faculty Publications

Institutional theory argues that the isomorphic nature of quality management (QM) practices leads to similar QM implementation and performance among QM-embedded firms. However, contingency theory questions such 'universal effectiveness of QM practices'. Considering these conflicting arguments, this study tests samples from the U.S. and China to examine whether the 'universal effectiveness of QM practices’ across national boundaries actually exists. First, the confirmatory factor analysis was performed to examine the validity of the survey instruments developed in this study. Then, the hypotheses were tested using the structural equation modeling (SEM) analysis. The SEM test results indicated that the positive effect of …

Profitability And Financial Characteristics Of U.S. Publicly Traded Health Services Companies, Alessandra Rios

Theses and Dissertations

The health industry is affected by economic factors like income and prices. From 2007 to 2013, two turning points affected the healthcare industry, the financial crisis and the Affordable Care Act. This study is an attempt to measure the effects these turning points had on profitability of health services firms. To examine the potential changes the two events had on profitability, quarterly financial data was used to create a basic model that measures the Return on Assets, Return on Equity, Total Margin and Operating Margin of the firms. OLS regressions were run and results indicate that both ROA and ROE …

Which Matters More? Effects Of Surface- And Deep- Level Diversity On Team Processes And Performance, Mai P. Trinh

Management Faculty Publications

This chapter reviews what we know about the effects of surface-level diversity (age, sex, and ethnicity) and deep-level diversity (personality characteristics such as conscientiousness, openness to experience, extraversion, emotional stability, and agreeableness) in organizational teams. It also outlines challenges to today’s diversity management and Human Resource (HR) practices, such as the lack of definite conclusions from research results, the mismatch between team diversity research designs and organizations’ needs, and the lack of research examining simultaneously different aspects of diversity. Drawing from analysis results of team data from 55 teams of volunteers from Shanghai, the author recommends that HR training and …

Do Commitment Based Human Resource Practices Influence Job Embeddedness And Intention To Quit?, Debjani Ghosh, L. Gurunathan

Management Faculty Publications

This empirical paper provides evidence that commitment based human resource practices (CBHRP) influence employees' turnover intentions by embedding newcomers more extensively into organisations. The study was conducted with 501 managers in 19 financial service organisations in India. Results reveal that CBHRP enable organisations to actively embed employees. The results also indicate that on-the-job embeddedness (on-the-JE) is negatively related to turnover intentions and mediates relationships between CBHRP and employees' intention to quit.

The Competitive Environment Of Community Banking And The Potential Impact On Microenterprise Entrepreneurs' Access To Bank Financing, Robert D. Morrison

Theses and Dissertations

Over the past 35 years, Great Depression era regulatory restrictions on the geographic area of operation and the scope of financial services banks can offer have change significantly. These changes fueled a surge of merger activity and resulted in a 70% decrease in the number of bank charters by 2015. Currently, community banks hold only 14% of bank assets in the US; nonetheless, they play an important role in the US economy because they continue to provide the majority of funding to small businesses. This study finds that over 83% of bank failures occurred in metropolitan areas despite the distribution …

Identifying Elements Of A Climate For Sustainability, Rosemond A. Moore

Theses and Dissertations

Sustainability as an area of research is growing in importance not only among academicians, but practitioners as well. A 2010 Accenture study of 700 CEOs found that 93% identified sustainability as important to the long term future success of their organizations. Utilizing CEO sustainability statements Content Analysis was conducted to understand and identify those key elements necessary for a climate for sustainability. A climate for sustainability is one in which sustainability policies, practices, and procedures drive behaviors that are rewarded, supported, and expected within an organization.

Content analysis of CEO statements from organizations recognized for both their sustainability practices as …

Introducing An M-Commerce Course Into The Business Management Curriculum: Experiences And Recommendations, Santosh Nandi, Madhavi L. Nandi

Management Faculty Publications

Mobility has become an important extension to the business strategies of present-day organizations. Thus, organizations are increasingly seeking managers with knowledge of value chain related to mobile-oriented business activities, usually referred to as mobile commerce (m-commerce). Accordingly, business management schools are interesting in designing their curricula to respond to the need for m-commerce knowledge and, in particular, the scope of the content for an m-commerce course. The general conception of m-commerce is that it is a component of e-business or e-commerce. This paper presents the unique dimensions of m-commerce that makes it stand out as a separate course for postgraduate …

Assessment Under Resource Constraints, Steve Lovett, Mary Curtis

Management Faculty Publications

Assessment and the measurement of learning are receiving increasing emphasis in American higher education. This is a case study that demonstrates a simple, inexpensive method of measuring freshman to senior “gains” or learning using a cross-sectional methodology. Seniors and freshmen within a four-year business program were both given the same multi-part test. Not surprisingly, the seniors’ average score on all parts was higher than that of the freshmen. However, the seniors were older than the freshmen, indicating a possible maturity effect, and had higher average scores on their entrance examinations, indicating a possible selection effect. We used regression techniques to …

Learning Styles Across Cultures, Mai P. Trinh, David A. Kolb

Management Faculty Publications

No abstract provided.

If You Can’T Take The Heat: Cultural Beliefs About Questionable Conduct, Stigma, Punishment, And Withdrawal Among Mexican Police Officers, Jorge A. Gonzalez, Lorena R. Pérez-Floriano

Management Faculty Publications

We introduce the concept of cultural beliefs about questionable conduct, and examine how these beliefs interact with stigma consciousness to influence punishment and two withdrawal behaviors: turnover and absenteeism. We used a sample of Mexican police officers in a border city and implemented a mixed method design, paying attention to the national, occupational, and organizational context of this setting. We conducted a qualitative phase to explore the prevalence and meaning of occupational stigma and four cultural beliefs about questionable conduct: greed, toughness, wariness, and savvy. The results of this phase helped us develop a context-relevant measure of cultural beliefs about …

When Demographic And Personality Diversity Are Both At Play: Effects On Team Performance And Implications For Diversity Management Practices, Mai P. Trinh

Management Faculty Publications

This chapter reviews what we know about the effects of demographic diversity (age, sex, and ethnicity) and personality diversity (conscientiousness, openness to experience, extraversion, emotional stability, and agreeableness) in teams in organizations. It also outlines challenges to today's diversity management and Human Resource (HR) practices, such as the lack of definite conclusions from research results, the mismatch between team diversity research designs and organizations' needs, and the lack of research examining simultaneously different aspects of diversity. Drawing from analysis results of team data from 55 teams of volunteers from Shanghai, the author recommends that HR training and selection take specific …

The Relationship Between Metacognition, Entrepreneurial Orientation, And Firm Performance: An Empirical Investigation, Young Sik Cho, Joo Y. Jung

Management Faculty Publications

This study aims to examine the relationship between an entrepreneur’s metacognition, entrepreneurial orientation (EO), and firm performance. We collected primary data from 190 entrepreneurs (business owners or founders) working in the U.S. through a survey. By performing both the confirmatory factor analysis (CFA) and the structural equation modeling (SEM), we tested our hypothesized research model that represented the metacognition-EO-firm performance relationship. The results from the statistical analysis demonstrate that an entrepreneur's metacognition has a significant positive impact on EO. Furthermore, the study result shows that EO has a full mediating effect on the relationship between entrepreneurial metacognition and firm performance. …

The Effect Of Investor Sentiment On Futures Market Returns And Volatility, Kenneth Steven Lovell

Theses and Dissertations - UTB/UTPA

For over thirty years research has been done on investor sentiment and their effects on market returns and volatility. The theory of De Long et al., (1990) has been used to explain the effect of uninformed investor sentiment (also known as noise trader sentiment) on market returns and volatility. Studies of Wang (2003) and Sanders et al. (2003, 2009) in the futures market have found that uninformed investor sentiment does not affect future market returns, which is contrary to De Long et al. (1990). Also previous studies of investor sentiment in the futures market do not seem to investigate the …

Tqm, Strategy, And Performance: A Firm‐Level Analysis, Manal M. Yunis, Joo Y. Jung, Shouming Chen

Management Faculty Publications

Purpose

The purpose is to examine the role of TQM in a strategy‐TQM‐performance model. More specifically, it seeks to investigate whether TQM has a driving role in the formation of strategy or has a mediating effect in the strategy‐performance relationship.

Design/methodology/approach

A survey was used to collect data. The instrument was assessed for its validity and reliability. Structural equation modelling was employed.

Findings

TQM influences strategy formulation process and it is a dynamic resource that contributes to the achievement of a sustainable competitive advantage. In addition, soft TQM has a higher impact than hard TQM on competitive strategy formulation and …

How Do Ceos Matter? The Moderating Effects Of Ceo Compensation And Tenure On Equity Ownership In International Joint Ventures, Wanrong Hou, Sali Li, Richard L. Priem

Management Faculty Publications

We propose that CEO compensation and tenure moderate the relationship between multinational corporations' (MNCs) R&D intensities and their percentages of equity ownership in international joint ventures (IJVs). Transaction cost economics (TCE) suggests a positive relationship between MNC R&D intensity and IJV equity ownership, but this relationship has not been confirmed consistently in prior research. We examine the moderating effects of CEO compensation and tenure on the relationship between MNC R&D intensity and IJV equity ownership, thereby bringing more nuanced explanations from agency theory and upper echelons theory into the discussion. Our proposed relationships were tested using a sample of 202 …

Investor Return In Reits: Evidence Of Market Timing And Capacity Constraints, Ekaterina Petrova Damianova

Theses and Dissertations - UTB/UTPA

This dissertation studies the returns earned in Real Estate Investment Trusts (REITs) from the point of view of the average investor. Traditional buy-and-hold returns while appropriate as a measure of return for financial asset may not adequately reflect the returns of the average individual investor because they do not take into account the capital flows in and out of an asset. Just as their name suggests, these are the returns one would earn if one buys a financial asset or portfolio at the beginning of a period and holds the investment until the end without making changes to the amount …

Blue Ocean Strategy Vs. Competitive Strategy: The Effect Of Business Strategic Choices On Firm Performance, According To The Industry Life Cycle, Young Sik Cho, Joo Y. Jung

Management Faculty Publications

The purpose of this study is to explore how blue ocean strategy and competitive strategy influence a firm's business performance differently according to its stage in the industry life cycle (ILC). We developed a theoretical research model and the measure items to capture the different attributes of the blue ocean and competitive paradigms. We collected primary data from 309 business owners and senior managers working in the U.S. through a survey research. We tested the data by performing the exploratory factor analysis (EFA), the confirmatory factor analysis (CFA) and the structural equation modeling analysis (SEM) using SPSS and AMOS. The …

Measuring Learning Through Cross Sectional Testing, Steve Lovett, Jennie Johnson

Management Faculty Publications

The measurement of student learning is becoming increasingly important in U.S. higher education. One way to measure learning is through longitudinal testing, but this becomes especially difficult when applied to cumulative learning within programs in situations of low persistence. In particular, many Hispanic Serving Institutions (HSIs) find themselves in such situations. Cross sectional testing is a pragmatic alternative, so long as maturity and selection effects can be estimated. The purpose of this paper is to demonstrate the utility and mechanics of measuring learning through cross sectional testing.

Essays On Hedge Fund Performance, Sang Heon Shin

Theses and Dissertations - UTB/UTPA

This dissertation consists of two essays on hedge fund performance. The first essay models exposure of hedge fund to risk factors and examines time-varying performance of hedge funds. From existing models such as ABS-factor model, SAC-factor model, and four-factor model, we extract the best six factors for each hedge fund portfolio by investment strategy. Then, we find combinations of risk factors that most explain variance in performance of each hedge fund portfolio by investment strategy. The results show instability of coefficients in the performance attribution regression. Incorporating time-varying factor exposure feature would be the best way to appropriately measure hedge …

Essays On Time-Varying Risk And Investor Sentiment: Evidence From The U.S. And G-7 Countries Using Multivariate Garch Modeling, David William Johnk

Theses and Dissertations - UTB/UTPA

This dissertation investigates the effects of investor sentiment on asset prices in both the U.S. equity market (chapter III) and international market (chapter IV). It employs a conditional version of the CAPM using a parsimonious generalized autoregressive conditional heteroskedasticity (GARCH) model in which the risk premia, betas, and correlations are time-varying. Investor sentiment is presented from two direct measures (surveys) and one indirect measure as conditional information variables; whereas, previous studies used macroeconomic fundamentals. Furthermore, investor sentiment is not assumed to be fully irrational. It is decomposed into its rational and irrational components. Both rational and irrational components are tested …

The Role Of Liquidity In The Market For American Depositary Receipts: Evidence From Latin America, Alma Delia Hales

Theses and Dissertations - UTB/UTPA

Since 2003 Latin America has exhibited macroeconomic stability that starkly contrasts conditions in the 1990s. Capital flows from the United States to Latin American equity markets, particularly through American Depositary Receipts (ADRs), increased from 2003 until 2008 when they declined due to the global financial crisis. However, by 2010, capital flows to most Latin American countries exceeded their pre-crisis levels. In spite of the reported macroeconomic stability and rising capital flows, Latin American stock markets remain underdeveloped and exhibit low domestic liquidity. This dissertation analyzes the relationship between low domestic liquidity and the market for ADR issues from four Latin …

Is Capital Structure Relevant? An Empirical Examination Of Capital Structure Choices, William R. Pratt

Theses and Dissertations - UTB/UTPA

Modigliani and Miller propose a scenario in which capital structure becomes irrelevant. To achieve the condition of capital structure irrelevance, Modigliani and Miller have to assume market frictions such as taxes, information asymmetry, and other factors do not exist. With the acknowledgement of such forces, capital structure irrelevance does not hold and we are left with the question “why do firms finance the way that they do?” Within this dissertation I address this very question. Chapters one and two provide an introduction and review of the extant literature. Chapter three examines data over a period of 1970 to 2010, with …

Going Green: Paperless Technology And Feedback From The Classroom, Janna Arney, Irma S. Jones, Angela Wolf

Management Faculty Publications

The purpose of this study is to measure the following: student satisfaction with the paperless classroom; student satisfaction with paperless feedback; and costs savings as a result of the paperless classroom. Traditionally, software courses are paper-intensive because of the large amount of assignments being submitted for grading by students. In an effort to “go green,” this study is proposing the electronic submission of software assignments and electronic feedback by instructors using Blackboard’s virtual hard drive and USB flash drives. The response from students on their satisfaction with electronic submission and feedback of assignments was overwhelmingly positive. The study also resulted …

The Effect Of Cognition, Institutions, And Long Term Orientation On Entrepreneurial Ethical Behavior: China Vs. U.S., Sibin Wu, Arpita Joardar

Management Faculty Publications

This paper presents a theoretical framework to examine if entrepreneurs think and behave differently at various phases of a venture, namely opportunity exploration and exploitation stages. It is also proposed that there is a difference between entrepreneurs in China and in the U.S. due to institutional voids. Furthermore, we argue that the difference increases across the two stages of the entrepreneurial process. Specifically, at the exploration stage, entrepreneurs in China and the U.S. behave similarly when ethics is concerned. However, entrepreneurial unethical behaviors seem to be more rampant at the exploitation stage in China compared with that in the U.S. …