Social and Behavioral Sciences Commons^™

Stock Markets And Household Wealth: Can A Stock Market Crash Cause A Recession In The U.S. Economy?, Ishan Singh

Honors Theses

Stock market wealth effects on the level of consumption in the United States economy have been constantly debated; there is evidence for arguments for and against its prominence and its symmetry. This paper seeks to investigate the strength of its negative effect by creating models to analyze unexpected shocks to the Standard and Poor's 500 index. First, a transmission mechanism between the stock market and GDP is established through the use of second-order vector autoregressive models. Following which, theory from the life cycle model and adaptations of previous researchers' models are used to create a structural model. This paper finds …

Ua96/2 Southern Normal School Board Of Directors, Wku Archives

WKU Archives Collection Inventories

Records created by and about the Southern Normal School Board of Directors. Series includes certificates of incorporation, meeting minutes, financial records, construction records, contracts, correspondence and scrapbooks.

If Ethanol Is The Answer, What Is The Question, Peter Z. Grossman

Scholarship and Professional Work - Business

Since 2005, in the face of rising oil and gasoline prices, many Americans have looked to plant-based fuels, particularly ethanol, as the "answer" to our energy dilemmas. Section III examines the issues connected specifically to ethanol, how market forces as well as government subsidies have worked to make corn-based ethanol economically viable at times, why that viability has been lost in recent months even with subsidies, and further, why ethanol from corn on the scale the legislation demands is impractical. Clearly it would be technically possible to produce the mandated 15 billion gallons of ethanol, and distilling capacity will nearly …

Market Efficiency At The Derby: A Real Horse Race, Steven D. Dolvin, Mark K. Pyles

Scholarship and Professional Work - Business

Using race data from each Kentucky Derby from 1920 to 2005, we examine whether the horse wagering market is efficient. Most prior studies in this arena test potential betting strategies that rely on posted odds, generally finding that it is extremely difficult to devise and implement any consistently successful wager (i.e., market efficiency). We extend these studies by examining underlying determinants of posted race odds, specifically focusing on the experience of auxiliary members (e.g., jockey, breeder and trainer) associated with each entrant. We find that past Derby experience is an important determinant of posted odds and that the odds-making system …

Determining The Impact Of Food Price And Income Changes On Body Weight, Christiane Schroeter, Jayson Lusk, Wallace Tyner

Agribusiness

We develop a theoretical model to identify conditions under which price and income changes are most likely to change weight. Although it is intuitive that raising the price of high-calorie food will decrease consumption of such goods; it is not clear that such an outcome will actually reduce weight. Our empirical analysis demonstrates a case where a tax on food away from home, a food intake category blamed for much of the rise in obesity, could lead to an increase in body weight; a finding which emphasizes the need to employ economic modeling when developing public policy to reduce obesity.

The Effect Of Intellectual Property Protection On Economic Growth, Andrew Jonathan Mahurin

Masters Culminating Experiences (1993-2011)

This paper tests whether stronger intellectual property protection is good for a country. It focuses on the overall effect of intellectual property protection on per capita economic growth. To measure the strength of intellectual property protection, I use the Ginarte-Park index. An education and an investment variable are also included in the models.

The models are based on simple linear regressions involving a cross-section of countries. The models consistently showed a negative correlation between intellectual property protection and per capita economic growth. Moreover, I tested to see if the effect is different in some countries than in others, based on …

Economic Development: The City Of West Carrollton's Pathway To Growth, Christian J. Hansen

Masters Culminating Experiences (1993-2011)

This report is an overview of an economic development internship with the City of West Carrollton, Ohio, a suburb of Dayton, Ohio. The first section explores the City’s administrative roles and structure. The second section contains a Strength, Weakness, Opportunity, and Threat (S.W.O.T.) analysis, which evaluates the City’s current economic factors. Next, the Location Quotient (L.Q.) method quantifies the area’s industry makeup. Summarized is the SWOT analysis and Location Quotient in a listing of industry recommendations based on economic growth trends. The third section is a discussion of Tax Increment Financing (TIF) as an economic development instrument. A cost versus …

Has Vietnam Dumped Its Shrimp In The United States?, Huyen Khanh Nguyen

Masters Culminating Experiences (1993-2011)

This paper examines the shrimp anti-dumping case between the United States and six target countries in 2004. It focuses on the final announcement by the U.S. Department of Commerce that Vietnam, one of the six targets, dumped shrimp in the U.S. and suffered anti-dumping tariffs. The paper provides specific evidence about the shrimp market in the U.S. and Vietnam as well as broad analysis about the methods applied in the U.S. anti-dumping investigation. The final conclusion is that irrationalities still exist in the treatment by the U.S. with its different trade partners, without which Vietnam should not have been blamed …

An Analysis Of The Influence Of Ceo Characteristics On Research And Development Expenditures In Large American Corporations (2005 Data), Sun Gu Lee

Masters Culminating Experiences (1993-2011)

This study analyzes the influence exerted by CEO characteristics (specifically, CEO stockholding percentages and CEO age) on research and development (R&D) expenditures in large American corporations over the twenty year period from 1986 to 2005. Using the Herfindahl-Hirschman Index (HHI) to measure market share concentrations, and making specific reference to two Schumpeterian hypotheses on the correlation between R&D and increases in firm size, this study establishes a positive linear relationship between the dependent variable, R&D expenditure, and the independent variables of CEO stockholding, CEO age, firm size, and market share. This study next describes the corporate and market conditions which …

Annual Report 2007-2008, Houston Academy Of Medicine-Texas Medical Center Library

Annual Reports: 1943 - Present

This file contains the Annual Report for the library from 2007-2008.

The State Of New England: Economic Slowdown And Recovery After The Dotcom Bust, Arindam Bandopadhyaya, College Of Management, University Of Massachusetts Boston

Financial Services Forum Publications

What follows is an analysis of the key macroeconomic trends in the six New England states. Using data publicly available in 2007, we examine trends in GDP growth, population, personal income and unemployment rate in each state. We provide a breakdown of each state by GDP category and provide an overall weighting by super sectors.

Contents, Discovery Editors

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

No abstract provided.

Letter From The Dean, Lalit R. Verma

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

No abstract provided.

Institutions Matter: Why The Herder Problem Is Not A Prisoner's Dilemma, Daniel H. C., Peter Z. Grossman

Scholarship and Professional Work - Business

In the game theory literature, Garrett Hardin’s famous allegory of the “tragedy of the commons” has been modeled as a variant of the Prisoner’s Dilemma, labeled the Herder Problem (or, sometimes, the Commons Dilemma). This brief paper argues that important differences in the institutional structures of the standard Prisoner’s Dilemma and Herder Problem render the two games different in kind. Specifically, institutional impediments to communication and cooperation that ensure a dominant strategy of defection in the classic Prisoner’s Dilemma are absent in the Herder Problem. Their absence does not ensure that players will achieve a welfare-enhancing, cooperative solution to the …

Formative Versus Reflective Measurement: Comment On Marakas, Johnson, And Clay (2007), Andrew M. Hardin, Jerry Cha-Jan Chang, Mark A. Fuller

Management, Entrepreneurship and Technology Faculty Research

In a recent issue of the Journal of the Association for Information Systems, Marakas, Johnson, and Clay (2007) presented an interesting and important discussion on formative versus reflective measurement, specifically related to the measurement of the computer self-efficacy (CSE) construct. However, we believe their recommendation to measure CSE constructs using formative indicators merits additional dialogue before being adopted by researchers. In the current study we discuss why the substantive theory underlying the CSE construct suggests that it is best measured using reflective indicators. We then provide empirical evidence demonstrating how the misspecification of existing CSE measures as formative can result …

Social Entrepreneurship In The Practice Of Deliberation And Dialogue, Roger A. Lohmann

Faculty & Staff Scholarship

Advocates of public deliberation and sustained dialogue, like other change agents, often embrace roles as social entrepreneurs and engage in entrepreneurial efforts in promoting their cause. In particular, this may involve locating the resources necessary to establish and engage in programs of D & D, seeking to establish the costs and benefits of such programs, and furthering research into their effectiveness.

Assessing Competition Policy Performance Metrics: Concerns About Cross-Country Generalisability, Lesley Denardis, A. E. Rodriguez

Political Science & Global Affairs Faculty Publications

Recent interest in competition policy performance has typically relied on subjective performance metrics that have undergone little direct scrutiny by users. We examine the quality of the popular World Economic Forum's antitrust performance metric and assess whether it is immune from perception-bias. A bias-free metric is required to ensure cross-country consistency in its intended performance assessment.

We note various instances where the WEF's competition policy performance survey was completed but where there existed neither competition legislation nor an associated enforcement agency at the time. This seeming inconsistency is neither amenable to traditional econometric heterogeneity treatment nor instrumentable; importantly, it is …

Can We Talk About Race? And Other Conversations In An Era Of School Resegregation [Book Review], Jacob K. Tingle

School of Business Faculty Research

Ten years after Beverly Daniel Tatum wrote, Why Are All the Black Kids Sitting Together in the Cafeteria? she again closely examines the world of American education. In her latest work, Dr. Tatum gives the reader a seat in the auditorium at 4 lectures delivered at Simmons College during 2006. These lectures, the first of the Race, Education, and Democracy series, challenge educational leaders to look for better ways to serve our student populations. Coupling the texts’ historical underpinnings and practical advice, Dr. Tatum has written a book that should be required for those who work closely with college students.

Dr.Ishrat Husain Speech At Bma Funds Investor Forum, Ishrat Husain Dr.

Faculty Research - Talks, Speeches, & Discourse

Bismillah. Thank you very much for inviting me here to share my thoughts with you. It's nice to see such a large gathering of investors and this is a very good opportunity for me to put a different spin on the air of despondency and almost a state of depression which I came across the entire country and I think we have to put this whole thing in perspective. Let me start by saying the economic conditions of any country are determined not by one single set of variables, it is an interplay of a number of complex inter-related variables …

Property Tax Revenue Decline In The State Of California And The Implications: An Examination Of Selected Local Governments In The State Of California, Ryan M. Mauldin

MPA/MPP/MPFM Capstone Projects

The Center for Responsible Lending projects California local governments to experience a $107 billion dollar decrease in home values and taxable property rolls as a result of subprime mortgage related foreclosures [Lending, 2008]. Due to Proposition 13, property taxes do not account for a substantial portion of local government revenue. They do, however, constitute 53% of statewide K-14 funding, as stipulated by Proposition 98 (Education Revenue Augmentation Fund or ERAF). As a result of ERAF, local governments (defined as counties, cities, schools, and special districts) receive less money through a complex fund shifting process that offsets statewide general fund spending. …

Mad About The Boy, Debra Mayrhofer

Research outputs pre 2011

The media coverage of an out-of-control teenage party in the Melbourne suburb of Narre Warren on 12 January 2008, and its construction of the protagonist who threw the party, has highlighted once again the inequitable treatment of youth, particularly adolescent males, in the Australian media. This paper examines the coverage in terms of the discursive strategies used by the mainstream Australian media to legitimise and naturalise the denigration and humiliation of the boy involved. It will discuss the ongoing demonisation of young males in general, and the concomitant ‘panics’ about their degeneration into moral lassitude, as well as the particular …

Tourism In Montana's Indian Country, Christine Oschell, Megan Tanner, Norma P. Nickerson

Institute for Tourism and Recreation Research Publications

The purposes of this research were to gather baseline data on travelers who visit Indian Country in Montana and to further understand why some travelers who are in the vicinity of Montana's Indian Country do not choose to visit the area.

Human Resource Administration In The Academic Library, Dennis R. Defa

Library Scholarship

Libraries at colleges and universities provide a challenging environment for the practice of human resource (HR) administration. The dynamics and structure of the academic library within the higher education community create complex environments for the library administrator attempting to navigate the myriad rules and regulations (state, federal, and institutional) that affect staff recruiting, hiring, processing, compensating, and related functions for library personnel. Depending upon the complexities of the HR function in any academic library, the organization may be best served by designating an HR expert as a member of the library’s administrative team. This article will review the HR function …

Textbook Bundling : Is It Really Worth The Sum Of Its Parts, Kati Simmons

Honors Theses

Studies have been conducted examining the impact of commodity bundling on company profits and the premium prices charged for these bundles. With recent news of the skyrocketing costs of higher education, it is critical to highlight the specific effects of commodity bundling on the prices of textbooks. A study performed by the Government Accountability Office in 2005 cited that a main cause of increasing textbook prices is the recent inclusion of textbook supplements such as software and workbooks. This paper investigates the impact that different types of supplements have on the overall price paid for the bundle. Aggregate sales data …

State Corporate Tax Policy: Is Tax Competition The Main Determinant?, Gabriel Ramón Serna

MPA/MPP/MPFM Capstone Projects

In the past few decades state corporate income tax policy and coordination/harmonization of corporate income taxes have been regularly discussed in the tax policy literature. The reason for this level of attention is that capital is assumed to be highly mobile across nations or unions with multiple jurisdictions with differential corporate tax rates (Bucovetsky, 1991; Cnossen, 2003; Frey & Eichenberger, 1996; Gordon, 1983; Isard, 1990; Keen & Marchand, 1997). Further, much of the literature focuses on states’ “race to the bottom” in terms of corporate income taxation or incentives to base capital in their jurisdictions, and the tendency for this …

Benchmarking The Board-Executive Director Relationship Of The Fayette Foundation, Jodie Butler Markey

MPA/MPP/MPFM Capstone Projects

The Fayette Foundation is a young, nonprofit organization in Lexington. Although it has only been incorporated for four years, it has already raised over one million dollars to fulfill the organization’s mission. The executive director has been with the organization for two years and believes that a strong relationship with the board is important for the success of the organization. As a result, the executive director would like to find out how to maximize the effectiveness of the board-executive director relationship.

The research question asks what makes an effective board-executive director relationship, as well as which elements of the organization …

Corporate Social Responsibility For Solving The Housing Problem For The Poor In South Africa, Ayman Ahmed Ezzat Othman, Basheera Mia

Architectural Engineering

No abstract provided.

Incorporating Value And Risk Management Principles In Developing Low-Income Housing Projects, Ayman Ahmed Ezzat Othman

Architectural Engineering

The construction industry is concerned with satisfying its customers’ needs through delivering projects that achieve their objectives and meet their expectations on time, within budget and as specified. Despite the several housing programmes constructed by government authorities, there is a real housing problem for the poor. This problem is attributed to a number of reasons. Amongst them, the inability of the low-incomers to cover the cost of supplied houses and the lack of the constructed projects to achieve users’ satisfaction. This highlighted the need to develop innovative and creative solutions that can deliver housing projects that achieve the satisfaction of …

Test For Infinite Variance In Stock Returns, Xian Ning Yan

Dissertations and Theses Collection (Open Access)

The existence of second order moment or the finite variance is a commonly used assumption in financial time series analysis. We examine the validation of this condition for main stock index return series by applying the extreme value theory. We compare the performances of the adaptive Hill's estimator and the Smith's estimator for the tail index using Monte Carlo simulations for both i.i.d data and dependent data. The simulation results show that the Hill's estimator with adaptive data-based truncation number performs better in both cases. It has not only smaller bias but also smaller MSE when the true tail index …

Sport New Media, James Santomier, Joshua Shuart

WCBT Faculty Publications

One of the dominant strategies currently used to address increased complexity in competitive business environments is to adopt technology at all levels of the enterprise. New media is a dimension of technology that is being adopted almost universally by sport enterprises worldwide. The purpose of this paper which is based on meta-analysis, secondary sources, technical reports and interviews, is to build on current knowledge related to sport new media to discuss: (1) new media technologies relevant to the sport industry and (2) considerations for developing and implementing sport new media projects. Within the complex global business environment, sport managers should …