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Full-Text Articles in Social and Behavioral Sciences

Three Essays On Opacity, Corporate Governance, And Credit Ratings, Yiwen Gu Aug 2011

Three Essays On Opacity, Corporate Governance, And Credit Ratings, Yiwen Gu

Graduate Theses and Dissertations

In the first essay, utilizing a more recent and expanded 20-year sample 1991-2010 of dual-rated bonds issued, I confirm Morgan's (2002) finding that banks are relatively more opaque than nonbanks. The likelihood of a rating split is higher, and the magnitude of the rating gap is larger, for banks than nonnbanks. Moreover, rating agency disagreements are more significant for banks with relatively higher loan and trading securities holdings and maintain lower capital, and for banks engaged in mortgage securitization. Importantly, I find that rating agency disagreements reflect market proxies of information uncertainty. Further, opacity makes external financing more costly. Equity …


Marketing Margins Of Strawberries 2006-2010 Shipping Point-Terminal-Retail Price, Matej Mikle Barat Aug 2011

Marketing Margins Of Strawberries 2006-2010 Shipping Point-Terminal-Retail Price, Matej Mikle Barat

Graduate Theses and Dissertations

This thesis examines vertical price relationships for fresh strawberries. Specifically, the focus is on three stages of the vertical chain. The first stage is the shipping point. Shipping points represent major strawberry production regions and are the closest price point to the farm. The second stage is the terminal market. Terminal markets are wholesale markets in major US cities. The third stage is the retail level. Retail level prices are measured as average supermarket prices in the same cities for which terminal market prices are available. Using weekly data, markup equations are estimated from upstream to downstream levels of the …


Impact Of Agricultural Profitability, Productivity And Interest Rate On Farmland Value For Selected U.S. And Slovak States, Maria Majerhoferova Aug 2011

Impact Of Agricultural Profitability, Productivity And Interest Rate On Farmland Value For Selected U.S. And Slovak States, Maria Majerhoferova

Graduate Theses and Dissertations

This thesis examines agricultural factors which may have impact on agricultural land values. Based on theory, three primary factors are considered to have an impact on land value: agricultural productivity, agricultural profitability and interest rate. The study is of two countries: the US, where data are from 16 states and Slovakia with 6 states. The ten-year period from 2000 until 2009 is used in the analysis. A capitalization model is used to estimate the relationship between agricultural productivity, profitability and interest rate and land value. Three types of agricultural land are used: cropland and its value in relationship with crops, …


Spatial Variations In Willingness To Pay For Water At The Local And Regional Scales Using Geographically Weighted Regression, Robyn Lane Dennis May 2011

Spatial Variations In Willingness To Pay For Water At The Local And Regional Scales Using Geographically Weighted Regression, Robyn Lane Dennis

Graduate Theses and Dissertations

Two decades of rapid urban growth and increasing per capita water consumption has left water providers in Northwest Arkansas concerned about their ability to meet future demand for water. Beaver Water District (BWD) is the largest of four regional water providers that draw from Beaver Lake, the only source of potable water in the region. Growth projections and per capita consumption patterns indicate that BWD could exhaust its raw water allocation as early as 2031. Municipal water customers served by BWD were surveyed about their stated priorities for water use, their water conservation behaviors, and their attitudes and perceptions about …