Finance and Financial Management Commons^™

Tourism Dependency: Prosperity Or Precarity, Samson Eby

Finance Undergraduate Honors Theses

Tourism Dependency: Prosperity or Precarity

Is being tourism dependent in a developing country a beneficial tool to use to grow economics

The Long Tail: Business Viability After The Crisis, Emma M. Woo-Ming

Economics Undergraduate Honors Theses

This thesis examines the barriers to business growth and youth development in Dangriga, Belize, within the broader context of post-crisis economic recovery. Despite Belize’s record-breaking tourism arrivals in 2024, Dangriga has not experienced parallel growth, hindered by limited government support, insufficient infrastructure, and gaps in workforce readiness. Through field research, stakeholder interviews, and the development of tailored business strategies, this project identified critical needs in risk assessment, collaboration, and youth engagement. The findings underscore the interconnectedness of politics, culture, and economics in shaping local business ecosystems, and highlight the importance of adaptable, context-specific solutions over the direct application of models …

Unearthing Potential: Impact Investors’ Perspectives On Egypt’S Social Enterprise Market, Yousef Hesham Shoukry

Theses and Dissertations

This thesis examines impact investing in Egypt from the vantage point of the impact investors, revealing that Egypt's constraint is not the availability of capital but its direction, as the absence of legal recognition, coordinated intermediaries, and a shared impact-measurement standard keeps capital out of a market otherwise rich in social enterprise potential. The study employed a constructivist grounded theory approach, drawing on eleven semi-structured interviews with impact fund managers, ecosystem enablers, and public-sector policy advisors operating in or considering Egypt's social enterprise market. Data revealed that practitioners converge on the founding principles of impact investment (combined financial and social …

Esg News-Based Public Sentiment, Media Attention And Stock Price Crash Risk, Kesara Hewage, Subhash Abhayawansa, Mardy Chiah

Research outputs 2022 to 2026

Purpose: This study aims to examine whether media-driven public perception of a firm’s environmental, social and governance performance (i.e. ESG news sentiment) and its media attention are associated with subsequent stock price crash risk. Using public sentiment formed from ESG news alone – separate from firms’ self-reported ESG performance – study investigates whether media-based ESG information provides incremental informational content about crash risk beyond disclosure-based ESG metrics.

Design/methodology/approach: The authors analyse more than 34, 000 semi-annual firm-level observations for US-listed firms from 2011 to 2021, using Refinitiv MarketPsych ESG sentiment and media attention data. They conduct cross-sectional and channel tests …

Labor Mobility, Managerial Evaluation Risk, And Corporate Performance Disclosures, Justin Hung Nguyen, Buhui Qiu, Cameron Truong

Research outputs 2022 to 2026

This study documents that managers of firms with greater labor mobility (LM) face higher personal evaluation risk (i.e., higher likelihood of performance-driven forced turnover), especially among firms with more transparent performance disclosures. Moreover, managers of high-LM firms tend to adopt lower-quality performance disclosures (i.e., lower financial statement readability, earnings quality, and accounting conservatism) to mitigate their personal evaluation risk. The effect of LM on performance disclosure quality is stronger for firms whose managers are more concerned about personal evaluation risk, but is weaker for firms headquartered in states that restrain mobility. Finally, low-quality disclosures by high-LM firms attract a valuation …

Nov. 2026 Mda Insurance - Could Your Practice Be Vulnerable To Embezzlement?, Reva Darling

The Journal of the Michigan Dental Association

This feature highlights internal financial risks facing dental practices, noting that up to 70% of dentists may experience embezzlement during their careers. Citing high-profile Michigan fraud cases, author Reva Darling outlines critical behavioral warning signs of internal theft, such as resistance to duty cross-training or reluctance to take vacations. It introduces Prosperident’s free Embezzlement Risk Assessment Questionnaire for MDA members to evaluate vulnerabilities and establish robust internal controls.

The Nevada Innovation Economy And Federal Funding, Len Jessup, Sean Curry

Policy Briefs and Reports

This policy brief examines the nascent Nevada innovation economy and the funding capacity of the federal government. The analysis highlights how federal innovation programs have stimulated research, commercialization, and long-term economic development in Nevada. Using a multi-level framework encompassing technological, industrial, and spatial innovation, this policy brief documents how federal research funding, augmented by state programs and university infrastructure, has contributed to the formation of new research capabilities, seeded industry clusters and startups, and expanded workforce capacity. The findings suggest that federal resources have been productively deployed to date, generating significant scientific, economic, and social returns, but that more must …

Ledger Of Bills Payable , Receivable, Expenses (1853, 1854, 1855), Lagrange College

Documents

A ledger of bills payable to LaGrange College, an early predecessor of the University of North Alabama, from the years 1853-1855.

Retaking The Pulse Of The Real Economy Using Financial Statements: Validation And Extension, Nathan Parrotte, Narayan Ramasubbu, Ahmed Elshahat

Annual DBA Scholars Conference

Financial statements provided by publicly traded firms inform shareholders about the present state of a firm. While it is natural to consider public financial statements at the firm level, what benefits could be gained from their aggregation? Present research on this is limited with the most relevant recent research being done by Konchitchki and Patatoukas (2014), with their results highly supporting the argument that public financial statement analysis can be used to understand “the pulse” of the real economy. This study not only replicates their study validating it, but it will also expand the timeline to the end of 2025.

The Law Of General Average, Luca Anderlini, Joshua C. Teitelbaum

Georgetown Law Faculty Publications and Other Works

Part of a ship’s cargo is jettisoned in order to save the vessel and the remaining cargo from imminent peril. How should the loss be shared among the cargo owners? The law of general average, an ancient principle of maritime law, prescribes that the owners share the loss proportionally according to the respective values of their cargo. We analyze whether the law of general average is a truthful and efficient mechanism. That is, we investigate whether it induces truthful reporting of cargo values and yields a Pareto efficient allocation in equilibrium. We show that the law of general average is …

Billion Dollar Whale, David Mcclough

The Journal of Economics and Politics

No abstract provided.

Money Talks: What Parents Are And Aren’T Teaching Kids About Financial Literacy, Joseph D. Foresi, Robert J. Glew

Annual DBA Scholars Conference

Financial literacy among young adults remains low despite the family's central role in early financial socialization. This study examines the relationship between parental financial socialization and children's financial literacy, extending the LeBaron-Black et al. (2022) parent financial socialization survey to incorporate cornerstone financial literacy concepts including budgeting, saving, borrowing, and investing (Redmund, 2010). Survey results reveal that while many parents introduce their children to basic financial concepts, they systematically fall short of teaching the foundational literacy skills associated with long-term financial well-being.

Microbusiness Owner-Managers And Financial Planning: A Transtheoretical Model Of Behaviour Change Approach, Christopher L. Gorman

Annual DBA Scholars Conference

The practitioner-scholar proposes a cross-sectional study to investigate how microbusiness owner-managers adopt financial planning behaviour through the lens of the Transtheoretical Model of Behaviour Change (TTM). The study will examine the TTM’s stages of change and the factors that influence these owner-managers’ decisions to engage in financial planning. By applying a behaviour change framework to an underexplored area of financial planning research, the study will aim to identify barriers and opportunities to microbusiness owners’ adoption of financial planning. The findings will inform strategies CFP^® professionals can use to enhance client engagement, communication, and decision-making among microbusiness owner-managers.

Operating Costs, Liquidity, And Demographic Pressures In Tanzania's Reformed Public Pension System (2004–2024), Athumani S. Mbuttuka, Ellinami J. Minja, Siasa I. Mzenzi

Business Management Review

The efficiency of public pension systems is critical for accumulating old-age savings and reducing fiscal pressures. This study evaluated Tanzania’s reformed public pension system from 2004 to 2024, covering pre- and post-merger periods, using longitudinal financial data and benchmarking indicators, including cost-to-contribution, cost-to-asset, payout, and dependency ratios, against regulatory and OECD levels. One-tailed sample t-tests compared efficiency and sustainability metrics against benchmarks. Findings show that operating costs averaged 2.8% of assets and administrative cost-to-contribution averaged 11.8%, exceeding the OECD average of 1.6% and the regulatory ceiling of 10%, respectively. Although operating-cost ratios declined after the 2018 restructuring, costs generally remained …

Modelling The Financial Viability Of Offshore Aquaculture Using A Case Study Of A Sea Bass Farm In The Bay Of Lion, France, Jeremy Van Dyken, Houshang Habibniya, Suzan Dsouza, Tyler Sclodnick

Journal of Ocean and Coastal Economics

The extension of net pen aquaculture to open ocean sites provides many advantages to the industry including opportunity for expansion, utilization of high energy sites, and better resilience to certain near shore or surface-associated stressors. The industry has been slow to develop due to high perceived risks and a lack of operating farms to provide financial information for open ocean farm operations. A model was developed to evaluate the economic viability of a hypothetical sea bass aquaculture venture in the open French Mediterranean Sea that utilizes open ocean submersible farming systems. Advanced open ocean equipment, including submersible net pens, environmental …

Oct. 2026 - Mda Insurance: Online Open Enrollment Now Available For Mda Health Plan, Craig Start

The Journal of the Michigan Dental Association

This article details the 2027 health insurance open enrollment process and deadlines for Michigan Dental Association members, their families, and practice staff. It introduces a new, secure online portal via Employee Navigator for managing the MDA Health Plan, specifying enrollment windows for plan sponsors and employees. The guide covers individual Marketplace plans, group health coverages, Medicare Supplement plans, and Medicare Advantage options. MDA Insurance account executives offer personalized assistance to help practice owners and individuals compare plans, navigate coverage choices, and ensure seamless enrollment.

Impact Of Corporate Governance On Achieving Desired Corporate Hedging Outcomes, Shweta Chitalia

Harrisburg University Dissertations and Theses

Corporate derivative hedging is intended to manage financial exposures, stabilize cash flows, and support organizational risk-management objectives; however, limited public evidence exists regarding how governance structures influence hedge evaluation, approval, and timely execution. This qualitative descriptive study examined how corporate governance was publicly described in relation to derivative hedging among large U.S. nonfinancial corporations. The study analyzed one publicly available Form 10-K filing from each of 25 purposively selected S&P 500 nonfinancial firms reporting active derivative hedging programs. Data were collected from SEC filings and organized in an Excel-based audit trail containing a document log, excerpt-level coding records, codebook, firm …

Unraveling The Connectedness Between Non-Fungible Tokens, Decentralized Finance, And Green Assets During Turbulent Times, Rija Anwar, Syed Ali Raza

Business Review

Green assets during the Bitcoin plummet-2018, COVID-2019, worldwide decline in oil demand-2020, and the Russia-Ukraine Conflict. The quantile connectedness approach, combined with the extreme tail of distribution technique (Ando et al., 2021), has been employed. According to static quantile connectedness, NFTs and DeFi assets perform the role of spillover transmitters; in contrast, green assets receive spillovers across three distinctive market settings. Additionally, the dynamic time-varying net directional connectedness estimates reveal that during normal market condition, the connectedness degree between NFTs, DeFi assets, and green assets remains low relative to extreme events at different point in time. Moreover, it provides valuable …

Green Finance’S Role In Bank Risk: Empirical Evidence From The Emerging Economy, Viverita Viverita, Dwi Nastiti Danarsari, Ratih Dyah Kusumastuti, Ruhaini Muda

Journal of Environmental Science and Sustainable Development

Indonesia’s Financial Services Authority (OJK)’s sustainable finance roadmap, phases I and II, primarily aims to facilitate sustainable development by integrating economic, social, and environmental considerations into financial policies. A special objective is to promote the development of green financial products and services. This policy allows banks to mitigate reputational and regulatory challenges. Nevertheless, the prompt implementation of green credit may entail transition risks, such as policy adjustment costs. A limited body of research examines the direct relationship between green finance and bank risk, particularly in the context of sustainability mandates. This study analyzes the influence of green finance on banking …

The Efficient Market Hypothesis In Youth Entrepreneurship: Understanding, Application, And Contextual Factors — A Systematic Literature Review, Omari Khalifa Mbura Prof,, Binto M. Binto

Business Management Review

This systematic literature review explores how youth entrepreneurs understand and apply the Efficient Market Hypothesis (EMH) in their decision-making, and examines the contextual factors influencing the decision-making nexus. Guided by a post-positivist framework, the review synthesises extant literature across youth entrepreneurship, finance, and digital strategy to map emerging themes and identify knowledge gaps. It covered a sample of 38 peer-reviewed articles, selected in accordance with the PRISMA guidelines. Findings of the systematic literature review show that youth entrepreneurs' engagement with EMH is largely experiential and indirect, influenced by digital literacy, social learning, and the realities of rapidly changing market environments. …

Ai-Driven Project Management In Real Estate Private Equity: Impacts On Workflow Efficiency And Standardization, Alexander D. Van Den Bosch

Harrisburg University Dissertations and Theses

Artificial intelligence (AI) is increasingly used in project management, yet limited research has examined its relationship with workflow efficiency and process standardization in real estate private equity (REPE) acquisitions. This quantitative correlational study examined these relationships and identified which AI-supported functionalities respondents perceived as contributing most to project management performance. The study drew on project management principles and the Technology Acceptance Model. Data were collected through a cross-sectional QuestionPro survey of professionals involved in REPE and related acquisition workflows, resulting in 146 completed surveys. The study used descriptive statistics, Pearson correlations, and regression analysis to evaluate the data. AI implementation …

Interpretive Flexibility And The Social Construction Of Generative Ai In Education: A Scot Analysis, Elham Mousavidin, Sujin K. Horwitz

Southwestern Business Administration Journal

The rapid rise of generative artificial intelligence (GenAI) tools has intensified discussions about their role in education. This study uses the Social Construction of Technology (SCOT) framework to explore how educational stakeholders interpret GenAI and how these interpretations influence its development and adoption. Through an interpretive literature review of research published between 2021 and 2025, we examine stakeholder perspectives using SCOT constructs, including relevant social groups, interpretive flexibility, technological frames, and controversies. Results identify three main interpretive tensions shaping current debates: transformational force versus transactional tool, cognitive augmentation versus cognitive atrophy, and digital empowerment versus digital enslavement. These tensions show …

Empowering Generations: The Role Of Family And Consumer Sciences In Advancing Financial Literacy And Resilience, Stephen Molchan

Journal of Educational Research and Practice

In this article, I explore the critical role of family and consumer sciences (FCS) in advancing financial literacy and resilience across generations. By addressing systemic financial challenges and integrating financial education into its curriculum, FCS empowers individuals and families to make informed decisions and build secure futures. The article highlights strategies such as early intervention, culturally relevant programs, and community outreach, emphasizing how FCS equips individuals with practical skills in budgeting, saving, debt management, and risk assessment. I discuss the importance of advocacy for financial inclusion and consumer protection as a means to create equitable opportunities for financial well-being, underscoring …

Bitseat: Reimagining The Financing For Airliners Using Nonfungible Tokens (Blockchain Technology), Edwin S. Ongola

Journal of Aviation Technology and Engineering

This essay describes how blockchain technology, particularly nonfungible tokens, can be used to raise funding for airliners. The essay begins with a brief overview on the costs, categories, and acquisition methods of airliners. After that, the essay introduces concepts on blockchain technology, tokens, and smart contracts. The essay then touches on how nonfungible tokens can be used to facilitate fractional ownership of airliners. From there, the essay discusses Bitseat, a conceptual nonfungible token for fractional ownership of airliners, covering its overall design, appeal, marketplace alternatives, and challenges. Finally, in the discussion, the essay summarizes the overall concept and outlines its …

People Orientation And Thing Orientation In Business Majors: Implications For Assessing The Impacts Of Cross-Functional Business Program Curricula, Todd J. Hostager, David A. Christopher, Kristy J. Lauver, Christopher Knowles

International Journal for Business Education

Background/Introduction/Purpose:  Prior research documented significant differences in people orientation and thing orientation (PTO) based on type of major and sex.  This study examines a set of measures for helping business programs to assess whether they are producing graduates equipped to consider both people and things when making decisions, regardless of their major or sex.

Methods/Design:  Students in a strategic management capstone course spent a single 75-minute session responding to a brief new venture pitch by identifying what types of additional information they would need to decide whether to invest in the business.  Three Likert-scaled options gauged the extent to participant …

Mda At Your Service - Protecting Your Practice, Finding Talent And More, Mda Membership Department Staff

The Journal of the Michigan Dental Association

This Q&A compiled by MDA staff provides critical guidance to support practice owners. It outlines key warning signs of employee embezzlement, such as closely guarding job duties or refusing cross-training, and highlights complimentary risk assessment tools and endorsed investigative services available through Prosperident. Furthermore, the article introduces free recruitment resources on the MDA Job Board for searching job-seeker profiles and posting openings. It also provides practical advice for resolving communication and online portal login issues by verifying registered email addresses with the MDA membership department.

Dentistry And The Law - Understanding ‘Rollover Equity’ When Selling Your Practice, Daniel Schulte Jd

The Journal of the Michigan Dental Association

Daniel J. Schulte, MDA Legal Counsel, addresses the legal and tax implications of 'rollover equity' when dentists sell their practices to private equity-backed buyers. The article outlines typical shareholder and buy-sell agreement restrictions, noting how equity is often subject to vesting and employment covenants. Schulte explains the critical importance of making an Internal Revenue Code Section 83(b) election within 30 days of closing. Failing to file this election results in taxation at high ordinary income rates as the stock vests, whereas a timely election accelerates tax payments but secures lower capital gains tax rates upon eventual sale.

Udm Dean's Report - A Look At The Student Of Today As We Prepare Them For Tomorrow, Mert N. Aksu Dds, Jd, Mhsa, Cert. Dph

The Journal of the Michigan Dental Association

UDM Dental School Dean Mert N. Aksu discusses the profiles, expectations, and challenges of modern dental students, highlighting their collaborative nature, tech-savviness, and focus on wellness and work-life balance. The report outlines UDM's clinical curriculum enhancements, including systems-based biomedical integration, and extensive clinical practice labs. Aksu addresses the substantial 58% inflation-adjusted rise in educational debt since 2008 and updates on community service rotations (Corktown Clinic, Titans for Teeth), the implementation of the new Vermont Track for rural care, the adoption of AI radiographic analysis, and comprehensive student mental health support programs.

Adjusting To Extreme Demand Volatility: A Comparative Analysis Of Air Navigation Service Provider Financial Resilience In The Southern Asia-Pacific, Margaret Arblaster, Gui Lohmann

Research outputs 2022 to 2026

Air navigation service providers fund their operations almost entirely through activity-based user charges, creating a structural dependency between revenue and air traffic volume. When traffic collapses, revenue falls immediately, but the cost base, dominated by specialised labour under fixed-term employment contracts and long-lived capital infrastructure, adjusts slowly, if at all. This paper examines how five corporatised, wholly government-owned air navigation service providers in the southern Asia-Pacific (i.e., Airservices Australia, Airways New Zealand, AirNav Indonesia, NiuSky Pacific in Papua New Guinea, and Fiji Airports) responded to the extreme demand shock of the COVID-19 pandemic and assesses the role of government grants …

Central Bank Financial Strength, Credibility, And Global Market Risk: Evidence From Southeast Asian Economies, Mega Fauziah, Hermanto Siregar, Solikin M. Juhro, Tanti Novianti, Sigit Wibowo

Bulletin of Monetary Economics and Banking

This paper examines central bank credibility in the context of its financial strength, independence, and global market uncertainty in five Southeast Asian countries between 2005 and 2023. We find that the global market risk indicated by VIX reveals that these Southeast Asian economies, despite achieving considerable central bank independence and institutional development, remain fundamentally constrained by global market conditions in maintaining their credibility, measured by the difference between the inflation rate and its target in the same year. We argue that in emerging economies exposed to global uncertainty, central bank profitability, conditional on its independence, is vital for central banks …