Open Access. Powered by Scholars. Published by Universities.®

Finance and Financial Management Commons

Open Access. Powered by Scholars. Published by Universities.®

Discipline
Institution
Keyword
Publication Year
Publication
Publication Type
File Type

Articles 1021 - 1050 of 9355

Full-Text Articles in Finance and Financial Management

Nextlevel Grants And Project Funds Management, Paul Reed, Karen Hicks, Aaron Potter Mar 2024

Nextlevel Grants And Project Funds Management, Paul Reed, Karen Hicks, Aaron Potter

Purdue Road School

NextLevel Grants Management is an initiative from the OMB and the State Budget Agency (SBA) to improve how Indiana manages federal grants. Under IC 4-3-24-5, approval must be granted by SBA to apply for federal grants administered by the state on behalf of the local and/or in conjunction with Local call funds. This session will provide you with an understanding of the new NextLevel Grants initiative and how to effectively manage your project funding.


Application Of Chow, Cusum And Rolling Window In Testing Stability Of Systematic Risk Of Companies Listed In Wig-Esg In 2019–2022, Magdalena Mikołajek-Gocejna Mar 2024

Application Of Chow, Cusum And Rolling Window In Testing Stability Of Systematic Risk Of Companies Listed In Wig-Esg In 2019–2022, Magdalena Mikołajek-Gocejna

Journal of Banking and Financial Economics

The aim of the article is to analyze the stability of beta coeffi cients of companies listed in WIG-ESG. There are many studies on the stability of companies’ systematic risk, but the literature and research lack an analysis of the stability of the beta coeffi cient for ESG companies. We examined beta coeffi cients for 57 companies listed in WIG-ESG, established for sets of daily rates of return between September 3, 2019, to June 6, 2022 (period including COVID-19 crisis and asset price infl ation, Russian invasion of Ukraine). We estimate the beta coeffi cient for the whole as a …


Nonprofit Leader Experiences In Sector-Bending After Lean Six Sigma Training: Tension, Concepts, And Changed Behaviors, Beverly Codallos Mar 2024

Nonprofit Leader Experiences In Sector-Bending After Lean Six Sigma Training: Tension, Concepts, And Changed Behaviors, Beverly Codallos

Dissertations

Government, business, and nonprofit represent three distinct types of organizations governed by different legal frameworks designed to facilitate collective action (DiMaggio & Anheier, 1990). The emergence of hybrid forms and increasing isomorphic pressures in the nonprofit sector (Bromley & Meyer, 2017; McCambridge, 2014) have challenged the traditional separation of organizational forms. This study explored the phenomenon popularized as sector-bending, “a wide variety of approaches, activities, and relationships that are blurring the distinctions between nonprofit and for-profit organizations, either because they are behaving more similarly, operating in the same realms, or both” (Dees & Anderson, 2003, pg. 16). This qualitative study …


Transformational Leadership And Work Engagement: The Moderating Role Of Intrinsic Motivation, Barbara Grah, Vlado Dimovski, Marko Perić, Simon Colnar, Sandra Penger Mar 2024

Transformational Leadership And Work Engagement: The Moderating Role Of Intrinsic Motivation, Barbara Grah, Vlado Dimovski, Marko Perić, Simon Colnar, Sandra Penger

Economic and Business Review

We examine the moderating role of intrinsic motivation in the relationship between transformational leadership and work engagement. In a sample of 168 tourism and hospitality employees in the quantitative section, Study 1, we found that the highest level of work engagement is identified when the level of intrinsic motivation is highest. Intrinsically motivated employees then exhibit engaged behaviors at work. In Study 2, we opted for a descriptive design to better understand the findings of Study 1, using interviews with three experts and a three-phase coding analysis. We found that increasing intrinsic motivation further promotes engaged work behavior. This article …


Revisiting The Nexus Between Job Insecurity And Employee Task Performance: Examining The Influence Of Self-Efficacy And Emotional Intelligence In A Mediation–Moderation Model, Adewale Adekiya, Umar Usman Mar 2024

Revisiting The Nexus Between Job Insecurity And Employee Task Performance: Examining The Influence Of Self-Efficacy And Emotional Intelligence In A Mediation–Moderation Model, Adewale Adekiya, Umar Usman

Economic and Business Review

The objective of this study was to examine the relationship between perceived job insecurity and employee task performance. In addition, the moderating influence of emotional intelligence and mediating influence of self-efficacy was examined in this relationship. Through the multi-stage sampling technique, a total of 385 employees were proportionately selected from a cluster that represents three selected Nigerian deposit money banks. Furthermore, a close-ended and structured questionnaire was utilized in a descriptive cross-sectional research design to elicit responses from these employees. A hierarchical moderated regression analysis conducted revealed that perceived job insecurity exercises a significant and negative effect on task performance. …


Limited Attention To Detail In Financial Markets: Evidence From Reduced-Form And Structural Estimation, Henrik Cronqvist, Tomislav Ladika, Elisa Pazaj, Zacharias Sautner Mar 2024

Limited Attention To Detail In Financial Markets: Evidence From Reduced-Form And Structural Estimation, Henrik Cronqvist, Tomislav Ladika, Elisa Pazaj, Zacharias Sautner

Business Faculty Articles and Research

We show that firm valuations fell after a key expense became more visible in financial statements. FAS 123-R required firms to deduct option compensation costs from earnings, instead of disclosing them in footnotes. Firms that granted high option pay experienced earnings reductions, while fundamentals remained unchanged. These firms were more likely to miss earnings forecasts, and they experienced recommendation downgrades and valuation declines. Our findings suggest that market participants exhibited limited attention to option costs before FAS 123-R. As we reuse the FAS 123-R natural experiment, we show how one can address confounding channels by integrating reduced-form and structural estimation.


The Impact Of Celebrity News On Entertainment Industry Stock Prices, Alexandra Widuri Ariani, Zaäfri Ananto Husodo Mar 2024

The Impact Of Celebrity News On Entertainment Industry Stock Prices, Alexandra Widuri Ariani, Zaäfri Ananto Husodo

The Indonesian Capital Market Review

South Korea's entertainment industry has garnered global popularity. However, the competition between entertainment companies is fierce, necessitating strategies to ensure their survival, such as imposing restrictions on their artists to maintain their public image and trust. This study examined the impacts of celebrity news and activities on the stock returns of six major entertainment companies listed on the Korea Exchange (KRX) from 2018-2021. Employing the Fama-French 3 Factors Model regression, the study investigated the presence of abnormal returns. The findings indicate that comebacks and debuts elicit positive reactions and generate significant abnormal returns. Award acceptances and military service also elicit …


Fixed Income Monthly Report, March 2024, Archway Investment Fund Mar 2024

Fixed Income Monthly Report, March 2024, Archway Investment Fund

Archway Investment Fund

No abstract provided.


Investing In Climate: A Role For 'Sovereign Climate Funds', Marianna Kozintseva, Thierry Wizman Mar 2024

Investing In Climate: A Role For 'Sovereign Climate Funds', Marianna Kozintseva, Thierry Wizman

Sim Kee Boon Institute for Financial Economics

Efforts to address climate change have generally been focused on deploying mitigation technologies. However, it is adaptation technologies (and climate risk transfer) that will have to gain an increasing share of an investment pool dedicated to climate if human systems are to stay resilient to climate forces. Just like mitigation projects, adaptation projects have a strong public goods aspect, wherein public returns exceed private returns, and thus call for the state’s involvement. We argue that sovereign climate funds (SCFs) - new types of sovereign wealth funds with a climate investment mandate - can be critical purpose-built conduits especially for undertaking …


Long-Term Orientation And Tax Avoidance Regulations, Katarzyna Bilicka, Danjue Clancey-Shang, Yaxuan Qi Mar 2024

Long-Term Orientation And Tax Avoidance Regulations, Katarzyna Bilicka, Danjue Clancey-Shang, Yaxuan Qi

Economics and Finance Faculty Publications

In this paper, we explore the relationship between the culture of the country where a multinational corporation (MNC) is headquartered and the MNC's stock market reaction to tax avoidance regulations. Specifically, we examine the different responses of MNCs following the implementation of the 2010 UK reform that restricted profit shifting for a specific group of firms. We find that, in countries with short-term-oriented cultures, MNCs affected by this reform experienced positive stock market responses relative to their unaffected counterparts. This is not found in long-term-oriented cultures. This difference in response can partly be explained by the differing perceptions of the …


Equity Fund Monthly Report, March 2024, Archway Investment Fund Mar 2024

Equity Fund Monthly Report, March 2024, Archway Investment Fund

Archway Investment Fund

No abstract provided.


Trade Agreements And Financial Market Integration In Latin America And The Us, Obed Fernando Izaguirre, Seungho Shin, Duygu Zirek Mar 2024

Trade Agreements And Financial Market Integration In Latin America And The Us, Obed Fernando Izaguirre, Seungho Shin, Duygu Zirek

Department of Accounting and Finance Faculty Scholarship and Creative Works

The primary objective of this study is to examine the extent of financial integration between Latin American and US financial markets, particularly in light of recent efforts to foster integration through trade agreements. Spanning from 1 January 1990 to 31 December 2019, the sample focuses on major market indices and key sectors. Financial integration is quantified using a DCC multivariate GARCH model, incorporating a smooth transition model, structural breaks, and regression-based approaches. Results indicate increased comovement with the US for main market indices in Argentina, Chile, Colombia, Mexico, and Peru, while Brazil shows a decrease. Similar trends are observed in …


The Abcs Of Modified Bond Duration And Wxyzs Of Bond Convexity, Tom Arnold, Andrew C. Szakmary Mar 2024

The Abcs Of Modified Bond Duration And Wxyzs Of Bond Convexity, Tom Arnold, Andrew C. Szakmary

Finance Faculty Publications

By breaking the mathematical derivation of Macaulay Duration, Modified Duration, and Bond Convexity into smaller easily calculated component parts, a more manageable means of calculation for these bond measures emerges for the student. Further, an Excel spreadsheet or an algorithm within a programming language can also be implemented using these smaller component calculations. The Excel template provided can be made into an assignment or used as a resource for the student.


Cost Estimating Relationships For Avionics Recurring Production Box Costs, Carla J. Cisneros Mar 2024

Cost Estimating Relationships For Avionics Recurring Production Box Costs, Carla J. Cisneros

Theses and Dissertations

This research investigates a dataset of 286 Department of Defense (DoD) avionics boxes, employing regression methods to establish seven cost estimation relationships (CERs) for predicting avionics recurring production box costs. Not confined to T100 costs, three baseline models use Ordinary Least Squares (OLS) T100 cost, explaining 83%, 86%, and 83% of dataset variation. Additionally, four robust models depict mean and median, T100 OLS, and T100 non-linear learning curves, explaining 67%, 65%, 97%, and 87% of the variation. These models strike a balance between simple baseline and overly complex computational models. Identified cost drivers include weight, year of first flight, volume, …


“Safe” Annuity Retirement Products And A Possible Us Retirement Crisis, Thomas E. Lambert, Christopher B. Tobe Mar 2024

“Safe” Annuity Retirement Products And A Possible Us Retirement Crisis, Thomas E. Lambert, Christopher B. Tobe

Faculty and Staff Scholarship

This paper examines a looming possible crisis in many Americans’ retirement plans due to the proliferation of annuity products in their retirement investment portfolios. As defined benefit pension plans have almost completely disappeared as a means of retirement savings and have been replaced by defined contribution retirement plans over the last 40 to 50 years, a great number of private and public sector defined contribution retirement plans have become laden with insurance contracts called annuities. Of the remaining solid defined benefit plans many, through a process called Pension Risk Transfer are being converted to high-risk single entity annuities. Such products …


The Impact Of Advancing Technology On Fire Control Radar Costs, Dustin M. Brewer Mar 2024

The Impact Of Advancing Technology On Fire Control Radar Costs, Dustin M. Brewer

Theses and Dissertations

Radar systems are integral components of fighter aircraft, gaining heightened importance with the emergence of fifth-generation variants. Among these systems, fire control radar plays a crucial role by providing pilots with unparalleled long-range sensing capabilities vital for navigation and target identification. The rapid evolution of radar technology is deemed essential to align with the evolving mission requirements, a factor anticipated to significantly impact radar system costs. This research investigates the influence of evolving technology on fire control radar development and production costs. To accomplish this objective, radars are categorized into generations based on existing literature, and a comparative analysis is …


Discerning Satellite Subsystem Costs To Improve Cost Estimation, Ryan A. Candella Mar 2024

Discerning Satellite Subsystem Costs To Improve Cost Estimation, Ryan A. Candella

Theses and Dissertations

The race for supremacy in the space environment is accelerating, with the United States taking a significant step by establishing its dedicated military branch for space operations. Achieving dominance in this realm relies on efficiently managing costs and securing rapid funding to initiate new programs. One step towards accomplishing this goal is to comprehend the cost distribution across the primary components of a Space Vehicle Bus and to delve into lower-level Work Breakdown Structure (WBS) elements for more precise and expeditious cost estimations. To achieve this, descriptive statistics for a variety of Bus subsystem WBS elements are provided in this …


Essays On Empirical Asset Pricing, Luying Wang Mar 2024

Essays On Empirical Asset Pricing, Luying Wang

Dissertations and Theses Collection (Open Access)

The dissertation consists of three chapters on empirical asset pricing. The first chapter examines
the market return predictability of media coverage on climate change. Specifically, we introduce a
comprehensive media climate change concern (ΔCMCCC) index, derived from unexpected climate
change coverage across diverse media channels, including print (newspapers), voice (radio), and
video (television). We show that this index negatively predicts aggregate stock market returns, both
in-sample and out-of-sample, offering potential gains for investors. Our findings emphasize the
media’s influence on market returns through climate change discussions, mainly via the cash-flow
channel. This reveals possible shifts in product demand, while demand …


Exploring Fiscal Year Budget Assessments: A Look At Sbir/Sttr And Congressional Rescissions, Bryan N. Palmer Mar 2024

Exploring Fiscal Year Budget Assessments: A Look At Sbir/Sttr And Congressional Rescissions, Bryan N. Palmer

Theses and Dissertations

This study examines the relationship between acquisition programs within the Air Force Life Cycle Management Center (LCMC) and budgetary assessments from both the Small Business Innovation Research and Small Business Technology Transfer (SBIR & STTR) programs, as well as Congressional Rescissions. It analyzes the tendency and severity of budget cuts across different programs, considering factors such as completion time, budget activities, and a variable akin to true Acquisition Category (ACAT) levels. Key findings include a significant difference in the rates of proportion of programs assessed between appropriations 3010 (23.65%) and 3600 (67.05%) from fiscal years 2010-2023. The research indicates a …


Cloud One Migration Schedule Drivers And Schedule Growth, Ryan J. Jansen Mar 2024

Cloud One Migration Schedule Drivers And Schedule Growth, Ryan J. Jansen

Theses and Dissertations

Cloud One, chartered in 2017 under the guidance of Air Force Life Cycle Management Center (AFLCMC) leadership, continues to serve as the USAF’s leading cloud services and hosting platform by providing secure computing environments, application migration assistance, and data management. Prior research has yielded qualitative insights regarding Cloud One’s personnel requirements, application of technical performance, requirements fulfillment, security risks, and various other cost metrics, but schedule improvement recommendations based on the quantitative analysis of migration schedule data has yet to be provided. This research identifies trends within migration sprint schedules and completed schedule data for Cloud One’s completed application migrations. …


Investigating The Impact Of Company Announcements On Stock Prices: An Application Of Machine Learning On Australian Lithium Market, Ahmad Kianrad, Mohadeseh N. Arani, Karim Hasani, Masoumeh Zargar, Eila Erfani, Amir Razmjou Mar 2024

Investigating The Impact Of Company Announcements On Stock Prices: An Application Of Machine Learning On Australian Lithium Market, Ahmad Kianrad, Mohadeseh N. Arani, Karim Hasani, Masoumeh Zargar, Eila Erfani, Amir Razmjou

Research outputs 2022 to 2026

This paper investigates the effects of various types of announcements made by lithium producers on stock prices. We collected data from 40 lithium-producing companies listed on the world's largest stock exchanges, spanning from May 2020 to September 2022. To analyze the impact of announcements such as quoted and unquoted securities, market announcements, company reports, public meetings and presentations, financial announcements, and technical announcements on stock prices, we employed an extreme gradient boosting (XGBoost) model. Our results indicate that stock exchange market announcements and announcements about public meetings and presentations significantly influenced the stock prices of all eight large-cap companies studied. …


Determinants Influencing The Adoption Of Mobile Banking By Women In Bangladesh, Soma Dey, Sacchidanand Majumder Mar 2024

Determinants Influencing The Adoption Of Mobile Banking By Women In Bangladesh, Soma Dey, Sacchidanand Majumder

Journal of Global Business Insights

Women’s mobile banking adoption is linked to several advantages, including empowering women, enhancing investment in women-owned businesses, and decreasing extreme poverty.This study explores the demographic and socioeconomic characteristics that affect women’s mobile banking adoption in Bangladesh using Bangladesh Demographic and Health Surveys (DHS; 2020) data. In this study, 12,147 ever-married women aged 15-49 are included in the analysis. The chi-square test is used to examine the effect of socioeconomic and demographic factors on women’s mobile banking adoption. Then, the enter method of a binary logistic regression model is applied to identify the factors most strongly affiliated with it. The result …


Comparative Analysis Of Satellite Battery Technologies: A Cross-Sectional And Temporal Study Within And Across Battery Types, Andrew H. Chung Mar 2024

Comparative Analysis Of Satellite Battery Technologies: A Cross-Sectional And Temporal Study Within And Across Battery Types, Andrew H. Chung

Theses and Dissertations

Trends in costs for batteries incorporated in satellite electrical power systems (EPS) have been identified by Space Systems Command (SSC) within the Unmanned Space Vehicle Cost Model (USCM) database. A subset of pre-1980s data consisting of Nickel-Cadmium battery costs was excluded from battery cost estimating relationship (CER) development as a result of this determination. This research aims to ascertain the impacts of these trends on satellite cost estimating practices by assessing developments in battery costs over time, comparing normalized Nickel-Cadmium (NiCd) / NickelHydrogen (NiH2) / Lithium-Ion (Li-Ion) battery costs, identifying differences between the NiH2 and Li-Ion modern battery types, and …


Developing A Rule-Of-Thumb To Predict Total O&S Costs Utilizing A Single Ces Element, Shane A. Scantling Mar 2024

Developing A Rule-Of-Thumb To Predict Total O&S Costs Utilizing A Single Ces Element, Shane A. Scantling

Theses and Dissertations

A rule of thumb is a broadly accurate guide based on experience rather than theory. This study examines the potential for a rule of thumb to predict Operation and Sustainment (O&S) costs. The Center for Naval Analysis (CNA) found that a single variable could accurately predict total O&S costs. We found that while a single variable could be highly predictive and strongly correlated to total O&S costs, it is not the same variable for all platforms. We improved upon this initial heuristic proposed by Stumborg by developing an individual heuristic for each Mission Design (MD). We found that a form …


Analysts' Earnings Per Share Forecasts: The Effects Of Forecast Uncertainty And Forecast Precision On Investor Judgements, Clarence Goh Mar 2024

Analysts' Earnings Per Share Forecasts: The Effects Of Forecast Uncertainty And Forecast Precision On Investor Judgements, Clarence Goh

Research Collection School Of Accountancy

This study uses controlled experiments to investigate the joint effects of forecast uncertainty and forecast precision on investor judgements. It finds that forecast precision moderates the effects of forecast uncertainty on investors' forecast reliability judgements such that the effects of forecast uncertainty on investors' judgements of forecast reliability are more negative when an analyst's point earnings per share (EPS) forecast is rounded than when it is precise. In addition, the relationship between forecast precision and investors' judgements of forecast reliability is mediated by investors' perceptions of forecast attributes. The evidence also suggests that while forecast uncertainty exerts a negative effect …


On The Effects Of Information Asymmetry In Digital Currency Trading, Kwansoo Kim, Robert John Kauffman Mar 2024

On The Effects Of Information Asymmetry In Digital Currency Trading, Kwansoo Kim, Robert John Kauffman

Research Collection School Of Computing and Information Systems

We report on two studies that examine how social sentiment influences information asymmetry in digital currency markets. We also assess whether cryptocurrency can be an investment vehicle, as opposed to only an instrument for asset speculation. Using a dataset on transactions from an exchange in South Korea and sentiment from Korean social media in 2018, we conducted a study of different trading behavior under two cryptocurrency trading market microstructures: a bid-ask spread dealer's market and a continuous trading buy-sell, immediate trade execution market. Our results highlight the impacts of positive and negative trader social sentiment valences on the effects of …


Financial Characteristics Of Mobile Banking And Payment Users In The United States, Jordan Mitchell, Xiao Li, Doug Steel, Phillip Decker Mar 2024

Financial Characteristics Of Mobile Banking And Payment Users In The United States, Jordan Mitchell, Xiao Li, Doug Steel, Phillip Decker

Journal of Global Business Insights

This study aims to examine the personal finance characteristics of mobile banking and mobile payment users in the United States. To achieve this goal, we used the 2018 National Financial Capability Study, which surveyed over 27,000 American adults regarding their personal financial standing and behaviors. By using ordinary least squares models, our results indicated that the use of mobile banking and mobile payment technology was associated with lower age, Non-White Ethnicity, higher income, higher debt load, debt types (auto, student, credit card, and predatory), and spending more than one’s income. These results reveal that the higher one’s income, financial liabilities, …


Development Of Cost Factors For Satellite Rechargeable Batteries, Katelyn A. Clements Mar 2024

Development Of Cost Factors For Satellite Rechargeable Batteries, Katelyn A. Clements

Theses and Dissertations

Factors are often used by the cost estimating profession to predict costs of future projects or project components. Cost factors can be useful when little to no cost data is available from which to build an initial estimate or as an easy-to-use cross check of a primary estimate. Specific to satellites, previous studies have examined cost factors at higher Work Breakdown Structure (WBS) levels (e.g., Level 2 or Level 3), while this research analyzes cost factors developed using data specific to rechargeable batteries at USCM WBS Level 4 and its parent, the Electrical Power System (EPS) at Level 3. Within …


Impact Of Geopolitical Risk And Crude Oil Prices On Stock Return, Chinmaya Behera, Biswashree Tanaya Priyadarsini, Debasis Patnaik Feb 2024

Impact Of Geopolitical Risk And Crude Oil Prices On Stock Return, Chinmaya Behera, Biswashree Tanaya Priyadarsini, Debasis Patnaik

Bulletin of Monetary Economics and Banking

This study examines the impact of oil prices and geopolitical risks (GPR) on sectoral stock returns in Australia, Japan, USA, and India. Using data from September 13, 2017 to May 30, 2023 and Westerlund and Narayan's method, the study finds oil prices positively affect pharma and commodity stocks, while GPR benefits commodity stocks, excluding banking in Australia. Further, GPR negatively impacts only banking stocks due to increased uncertainty and risk aversion in USA. Similarly, GPR adversely affects banking stocks in India that leads capital outflows and economic instability, while oil prices positively influence pharma and commodity stocks. Policymakers …


Promoting Financial Inclusivity, A Route To Economic Growth: An Empirical Analysis From Sub-Saharan African Countries, Sulayman Jallow, Pradipta Kumar Sahoo, Bamadev Mahapatra Feb 2024

Promoting Financial Inclusivity, A Route To Economic Growth: An Empirical Analysis From Sub-Saharan African Countries, Sulayman Jallow, Pradipta Kumar Sahoo, Bamadev Mahapatra

Bulletin of Monetary Economics and Banking

The present study deep dives into the relationship between financial inclusion and per capita income growth of 42 sub-Saharan African countries from 2007 to 2020. With the help of the generalized method of moments (GMM) modeling framework, the study discloses that a rise in the number of bank branches, automated teller machines, and savings stimulates per capita economic growth. Conversely, an elevated number of credit provisions to the private sector and high growth of population hinder per capita economic growth. The policy recommendation is for banking authorities to expand their services to underserved areas, raise interest rates on deposits, and …