Social and Behavioral Sciences Commons^™

Market Imperfections, Macroeconomic Conditions, And Capital Structure Dynamics: A Cross-Country Study, Moonsoo Kang, Wei Wang, Ying Xiao

Business Faculty Publications

This paper investigates how “systematic” adjustment costs proxied by market imperfections and macroeconomic conditions affect capital structure dynamics in a cross-country setting. We document substantial variations in firms’ capital structure adjustments across countries and, particularly, over time. Consistent with adjustment costs impeding firms from rebalancing their capital structures, worse market imperfections are associated with slower speeds of adjustment (SOA) and larger leverage deviations. Intertemporally, capital structure adjustment is procyclical, with SOA increasing by 0.9 percentage point for a one-percentage-point increase in GDP growth rate. The procyclicality is attributable to good macroeconomic conditions mitigating market imperfections through channels of 1) facilitating …

Corporate Investment And Stock Liquidity: Evidence On The Price Impact Of Trade, Moonsoo Kang, Wei Wang, Chanyoung Eom

Business Faculty Publications

We document that corporate investment contributes to stock liquidity. This study demonstrates a positive relationship between abnormal corporate investment and stock liquidity in the cross-section.Moreover, stock liquidity
improves more apparently for firms with financial constraints. Our robustness check confirms that the
existing regularities cannot explain the current finding. This analysis suggests that corporate investment decreases
the risk of a firm and that a change in the risk affects the behavior of a market maker, leading to an increase
in stock liquidity.

Are They Worth Reading? An In-Depth Analysis Of Online Trackers’ Privacy Policies, Candice Hoke, Lorrie Faith Cranor, Pedro Giovanni Leon, Alyssa Au

Law Faculty Articles and Essays

We analyzed the privacy policies of 75 online tracking companies with the goal of assessing whether they contain information relevant for users to make privacy decisions. We compared privacy policies from large companies, companies that are members of self-regulatory organizations, and nonmember companies and found that many of them are silent with regard to important consumer-relevant practices including the collection and use of sensitive information and linkage of tracking data with personally-identifiable information. We evaluated these policies against self-regulatory guidelines and found that many policies are not fully compliant. Furthermore, the overly general requirements established in those guidelines allow companies …

Living Cities: The Integration Initiative In Cleveland, Ohio- Greater University Circle Community Wealth Building Initiative: Evaluation Executive Summary Year 3, Ziona Austrian, Kathryn W. Hexter, Candi Clouse, Serineh Baboomian

All Maxine Goodman Levin School of Urban Affairs Publications

The Living Cities Integration Initiative (TII) began in 2011 as a three-year program to accelerate local initiatives promoting greater economic inclusion in five cities across the country. In Cleveland, Ohio, the TII was known as the Greater University Circle (GUC) Community Wealth Building Initiative and was part of the more comprehensive Greater University Circle Initiative (GUCI) between 2011 and 2013. The GUCI began in 2005 and will continue beyond TII. This report will refer to the three-year Living Cities program as the GUCI/TII.

This executive summary combines findings from two evaluation reports. The first is a formative and system change …

Consolidated Public Safety Answering Point (Psap) Feasibility Study For Richland County Ohio, Daila Shimek, Eugene Kramer, Patrick Johnson, Charlie Post

All Maxine Goodman Levin School of Urban Affairs Publications

This report provides an assessment of the feasibility of consolidation of two public safety answering points in Richland County, Ohio. The report describes the methodology used to assess the feasibility. The findings are that consolidation of dispatch services among the potential participating entities is feasible. Consolidation of services would reduce capital costs expended across the county for public safety emergency dispatching over the long term. Given the proposed investment equipment and staff, the level and quality of service provided by a consolidated dispatch center should exceed those currently being supplied.

The State Of Ohio's Steel Industry, Edward W. Hill, Iryna Lendel, Fran Stewart

All Maxine Goodman Levin School of Urban Affairs Publications

No abstract provided.

2011 Economic Impact Of Jumpstart Inc. Portfolio And Client Companies, Ziona Austrian, Candice Clouse

All Maxine Goodman Levin School of Urban Affairs Publications

No abstract provided.

The Nasa Glenn Research Center: An Economic Impact Study Fiscal Year 2011, Iryna Lendel, Sunjoo Park

All Maxine Goodman Levin School of Urban Affairs Publications

No abstract provided.

The Ohio Bioscience Sector, 2000-2010, Matthew Hrubey, Candice Clouse, Ziona Austrian

All Maxine Goodman Levin School of Urban Affairs Publications

No abstract provided.

Minority Participation In Technology Based Growth Industries In Northeast Ohio, Merissa Piazza, Elorm Tsegah, Ziona Austrian, Ellen Cyran

All Maxine Goodman Levin School of Urban Affairs Publications

No abstract provided.

Detroit Regional Analysis: Demographics, Economy, Entrepreneurship And Innovation, Merissa Piazza, Joan Chase, Chang-Shik Song, Elorm Tsegah, Ziona Austrian

All Maxine Goodman Levin School of Urban Affairs Publications

No abstract provided.

Analysis And Economic Impact Of The Film Industry In Northeast Ohio & Ohio, Candice Clouse

All Maxine Goodman Levin School of Urban Affairs Publications

No abstract provided.

Responding To Foreclosures In Cuyahoga County 2011 Evaluation Report, Kathryn W. Hexter, Molly Schnoke

All Maxine Goodman Levin School of Urban Affairs Publications

The foreclosure crisis hit Cuyahoga County earlier and harder than the rest of the nation. The crisis continues to weaken the County’s already weak housing market, as evidenced by declining property values, increasing numbers of vacant and abandoned properties and the continuing high rates of foreclosure filings. In 1999, there were 4,900 residential foreclosure filings in Cuyahoga County. That number doubled to about 10,000 by 2005 and peaked in 2007 at close to 14,000. In 2011, the County had just over 11,000 residential foreclosure filings. In total, an estimated 68,000 homes in the County have been “touched” by foreclosure. The …

Akron Regional Analysis: Demographics, Economy, Entrepreneurship And Innovation, Merissa Piazza, Joan Chase, Chang-Shik Song, Elorm Tsegah, Ziona Austrian

All Maxine Goodman Levin School of Urban Affairs Publications

No abstract provided.

Driving The Economy Home: What Matters Most To Northeast Ohio's Economy (Dashboard Of Economic Indicators 2011), Emily Garr, Ziona Austrian, Merissa Piazza

All Maxine Goodman Levin School of Urban Affairs Publications

This report describes trends which occur between 2007 and 2010, the most recent year for which data are available. The essay distinguishes between those that take place in the “recession period” (from the peak of the economic cycle in 2007 to the start of economic recovery in 2009) and the “recovery period” (from 2009 to 2010).

Remix Cleveland: The Cleveland Music Sector And Its Economic Impact - Full Report, Iryna Lendel, Sharon Bliss, Candice Clouse, Merissa Piazza, Ziona Austrian, Kathryn W. Hexter, Renee Constantino, Matthew Hrubey

All Maxine Goodman Levin School of Urban Affairs Publications

No abstract provided.

Remix Cleveland- The Cleveland Music Sector And Its Economic Impact - Executive Summary, Iryna Lendel, Sharon Bliss, Candice Clouse, Merissa Piazza, Ziona Austrian, Kathryn W. Hexter, Renee Constantino, Matthew Hrubey

All Maxine Goodman Levin School of Urban Affairs Publications

This study was commissioned by the Community Partnership for Arts and Culture (CPAC)as a starting point for gaining a deeper understanding of the different sectors of the Cleveland arts scene in Cuyahoga county. Its objective is to understand the Cleveland Music Sector, delineate its components, learn its dynamics, and assess the economic impact of music events and venues in Cuyahoga county.

Northeast Ohio Manufacturing Brief, Matthew Hrubey

All Maxine Goodman Levin School of Urban Affairs Publications

No abstract provided.

Economic Impact Of Jumpstart Inc. Portfolio And Client Companies, 2010, Ziona Austrian, Candice Clouse

All Maxine Goodman Levin School of Urban Affairs Publications

2010 economic impact of JumpStart Inc. Portfolio and Client Companies

Upstate New York Regional Analysis: Demographics, Economy, Entrepreneurship And Innovation, Ziona Austrian, Merissa Piazza, Eli Auerbach, Sunjoo Park, Joan Chase

All Maxine Goodman Levin School of Urban Affairs Publications

This report is associated with "Upstate New York Entrepreneurial Opportunity Survey Analysis"

Upstate New York Entrepreneurial Opportunity Survey Analysis, Ziona Austrian, Merissa Piazza, Eli Auerbach, Sunjoo Park, Joan Chase

All Maxine Goodman Levin School of Urban Affairs Publications

This survey report is associated with "Upstate New York Regional Analysis: Demographics, Economy, entrepreneurship and Innovation"

Minneapolis Saint Paul Regional Analysis: Demographics, Economy, Entrepreneurship And Innovation, Ziona Austrian, Merissa Piazza, Eli Auerbach, Sunjoo Park

All Maxine Goodman Levin School of Urban Affairs Publications

This report is associated with "Minneapolis Saint Paul Entrepreneurial Opportunity Survey Analysis"

Minneapolis Saint Paul Entrepreneurial Opportunity Survey Analysis, Ziona Austrian, Merissa Piazza, Eli Auerbach, Sunjoo Park

All Maxine Goodman Levin School of Urban Affairs Publications

This survey report is associated with "Minneapolis Saint Paul Regional Analysis: Demographics, Economy, entrepreneurship and Innovation"

The Nasa Glenn Research Center: An Economic Impact Study Fiscal Year 2010, Iryna Lendel, Sunjoo Park

All Maxine Goodman Levin School of Urban Affairs Publications

No abstract provided.

Pennsylvania’S True Commonwealth: The State Of Manufacturing – Challenges And Opportunities (Full Report), Edward W. Hill, John R. Brandt, Iryna Lendel, Faith Noble, Ellen Cyran, Charles Post, Jim Samuel, Fran Stewart

All Maxine Goodman Levin School of Urban Affairs Publications

The Industrial Resource Center Network of Pennsylvania is the state’s affiliate of the National Institute of Standards and Technology’s Hollings Manufacturing Extension Partnership program. Both the IRC program and the MEP have longstanding traditions of self-assessment and evolution as ways of being accountable to the public and of promoting continuous improvement. The IRC program and the MEP are charged with helping manufacturing in general, and small to midsized manufacturers in particular, improve their competitive position. The IRC program uses the outcomes from these assessments to think about the challenges their constituents face due to rapid evolution in the globally competitive …

North Central Indiana Regional Analysis: Demographics, Economy, Entrepreneurship And Innovation, Ziona Austrian, Merissa Piazza, Eli Auerbach, Sunjoo Park

All Maxine Goodman Levin School of Urban Affairs Publications

This report is associated with "North Central Indiana Entrepreneurial Opportunity Survey Analysis"

Northeast Ohio High-Technology Economy Report, Iryna Lendel, Sunjoo Park

All Maxine Goodman Levin School of Urban Affairs Publications

No abstract provided.

The Ohio Bioscience Industry, 2000-2009, Ziona Austrian, Candice Clouse, Matthew Hrubey

All Maxine Goodman Levin School of Urban Affairs Publications

No abstract provided.

Northeast Indiana Entrepreneurial Opportunity Survey Analysis, Ziona Austrian, Merissa Piazza, Eli Auerbach, Sunjoo Park, Joan Chase

All Maxine Goodman Levin School of Urban Affairs Publications

This survey report is associated with "Northeast Indiana Regional Analysis: Demographics, Economy, entrepreneurship and Innovation"

Northeast Indiana Regional Analysis: Demographics, Economy, Entrepreneurship And Innovation, Ziona Austrian, Merissa Piazza, Eli Auerbach, Sunjoo Park, Joan Chase

All Maxine Goodman Levin School of Urban Affairs Publications

This report is associated with "Northeast Indiana Entrepreneurial Opportunity Survey Analysis"