Social and Behavioral Sciences Commons^™

Earnings Management: Are Men From Mars And Women From Venus?, Sonal Kumar, Rahul Ravi

Finance Department Faculty Journal Articles

Research on gender and finance finds that women chief executive officers (CEOs) are relatively risk-averse and more ethical than their male counterparts. These differences are often presented as reasons for lower earnings management by firms led by women. A strand of contrasting literature however finds the notions of women being risk-averse and ethical not necessarily true for women occupying top leadership positions as women successful in shattering the glass ceiling adopt behaviors like men. This study attempts to understand the differences between the ethical tendencies of the two genders by examining if CEO power impacts the relation between CEO gender …

Southeast Asia & The Hidden Green Revolution: A Study On Foreign Direct Investment In Eco-Investments In Asean, Ravi Chailertborisuth

Undergraduate Honors Theses

This paper aims to find: To what extent foreign direct investment is fueling the renewable energy transition in ASEAN. The year 1966 saw the founding of ASEAN, the Association for Southeast Asian Nations. The five founding member nations were: Indonesia, Malaysia, Philippines, Singapore, and Thailand. Over time, this group of nations grew to include nations such as: Laos, Cambodia, Vietnam, Brunei, and Myanmar. The IGO (inter-governmental organization) aims to foster “economic, social, cultural, technical, educational and other fields” (ASEAN). The IGO is successful, allowing capital to flow cross-borders with more ease, and encourage economic corporation across all nations. Since …

Essays On Macroeconomics And Finance, Matias Nicolas Marzani

Arts & Sciences Graduate Student Theses and Dissertations

This dissertation investigates the relationship between risk and finance at the level of firms. In the first chapter, a model is developed in which optimal debt maturity is determined by a balance between the higher rollover risk of short-term debt and the higher risk-taking incentives of long-term debt. Evidence is provided using firm-level data on sales growth volatility and resource allocation to business lines. The second chapter explores the role of financial innovation in securities issuance, finding that the introduction of new financial products improves a firm's ability to raise funds. A model of the allocation of financial products among …

Working Paper No. 63, On Karl Polanyi And His Conception Of Fascism, Serene Mistkawi

Working Papers in Economics

This inquiry seeks to establish that the writings of author Karl Polanyi offered insights into key variables and historical conditions that gave rise to the system we know of as “fascism.” Integral to his insights, Polanyi describes economic conditions attendant for fascism to emerge, with one condition noted as widespread and persistent unemployment. Polanyi stresses that fascism needs to be understood as reactionary, a responding to features integral to classical liberalism. Considering a broad historical context Polanyi teaches us of the political conditions necessary for fascism to emerge and take form as political movements wielding power. He considers conflicts in …

Working Paper No. 73, “Placing-Out”: Dealing With Vagrant Children In 19th Century America, Josephine Cannistra

Working Papers in Economics

This inquiry seeks to convince the reader that motivations of 19th century aid societies were not necessarily rooted in the welfare of vagrant children, but rather in the goals of bolstering American agriculture and creating a new generation of farmers out of children that likely would have otherwise proved a direct social and economic burden. While apprenticeships have a long history in the United States, the joining of apprenticeships and indentured labor formed a 19th century system of placing children out into rural homes as contracted workers. This system, as social movement from above, offered economic benefits to farmers and …

H. Keith Hunt On Consumer Behavior: Understanding His Contribution, Laura Egan, David Aron

Librarian Publications

This study uses an ego-centric bibliometric analysis of H. Keith Hunt to elucidate his connection to researchers in the consumer behavior field and his impact on the field. We identified publications written or edited by Hunt using Web of Science, Google Scholar, and the Journal of Consumer Satisfaction, Dissatisfaction and Complaining Behavior; analyzed Hunt’s co-authors and citations in those works; and tabulated Hunt’s co-cited authors for top consumer behavior journals in Web of Science. Based on the analysis and quotes from his works and others about Hunt, we also identify and discuss dimensions related to Hunt’s impact on the …

Defining A Region: The Great River Road In Missouri, Evan Arthur Telle, David R. Perkins Iv

Midwest Social Sciences Journal

The Great River Road (GRR) is an established roadway along both the east and west banks of the Mississippi River which serves to connect people to the geography of this area. In this study, the socio-economic characteristics present in Missouri are analyzed to determine if a more formal GRR region exists in Missouri. County-level data from five-year estimates (2014 – 2018) conducted by the United States Census Bureau are used to give greater insight on any unifying characteristics the GRR may have in Missouri. Social, economic, housing, and demographic information combined with spatial pattern analysis help identify evidence of a …

Robust Inference On Correlation Under General Heterogeneity, Liudas Giraitis, Yugei Li, Peter C. B. Phillips

Cowles Foundation Discussion Papers

Considerable evidence in past research shows size distortion in standard tests for zero autocorrelation or cross-correlation when time series are not independent identically distributed random variables, pointing to the need for more robust procedures. Recent tests for serial correlation and cross-correlation in Dalla, Giraitis, and Phillips (2022) provide a more robust approach, allowing for heteroskedasticity and dependence in un-correlated data under restrictions that require a smooth, slowly-evolving deterministic heteroskedasticity process. The present work removes those restrictions and validates the robust testing methodology for a wider class of heteroskedastic time series models and innovations. The updated analysis given here enables more …

Working Paper No. 67, Insights Into Project Cybersyn, Leah Herrera

Working Papers in Economics

This inquiry seeks to establish that back in the 1970s Chile’s “Project Cybersyn” offered novel approaches and specific technologies that appeared to have benefitted capitalism as a system. The Spanish name, SYNCO served as an acronym for Sistema de Información y Control. President Salvador Allende expected that the attributes associated with Project Cybersyn could assist his efforts in implementing his variant of socialism. Cybersyn consisted of a network (Cybernet), software (Cyberstride), computers, a economic simulator known as CHECO, and a control room (Opsroom.) Cybersyn reached an advanced prototype stage; however, its fate was also tied to the interests of the …

Working Paper No. 69, Towards An Evolutionary History Of Gleaning, Stella Burlingame

Working Papers in Economics

This inquiry seeks to establish that the act of gleaning can be understood through an evolutionary approach. Because gleaning has been practiced in some form in almost every agricultural system, this inquiry shall consider several different regions and time periods, taking into account the distinct economic and social structures. The segments of history to be explored here range from antiquity, as documented in Scripture, through early modernity, and into the post-modern era.

Working Paper No. 70, Industrialization, Retail Activities, And The Rise Of American Consumerism, Joseph French

Working Papers in Economics

This inquiry seeks to establish that the department store can be viewed as a novel institution that emerged to facilitate an economic relationship between a burgeoning American industrial sector and a new generation of working-class consumers with rising incomes and changing needs. The development of retail in America lagged behind Europe for many decades, until the rapid pace of American industrialization acted as a catalyst for retail to evolve into a modern institution. Alongside the creation of the department store, American cities were taking to the skies, and those who inhabited them would establish a new socio-economic class that was …

Working Paper No. 71, Max Weber: On Religion And Economic Outcomes, Celeste Aiu Taber

Working Papers in Economics

This inquiry seeks to establish that early sociologist Max Weber advances a view that religious faith could indeed affect economic outcomes. In his analysis of Reformed faiths, Weber determines that “the calling” inspired by Martin Luther transformed the work ethic of believers, instilling in them a spirit suitable for the advancement of modern capitalism. The Reformed work ethic observed by Weber served as a basis for individual Protestants to accumulate wealth. Weber also considers the developments of religious asceticism among the faiths of Calvinism, Pietism, Methodism, and the Baptist movements. The ascetic character of these religious communities assisted in generating …

Working Paper No. 72, The 1849 Gold Rush And The Roots Of California’S Economic Development, Matthew Phan

Working Papers in Economics

The Californian Gold Rush, commonly referred to as the “1849 Gold Rush” proved to be a major event which brought significant change to California. This inquiry seeks to establish that this 1849 Gold Rush provided a foundation for a broadly shared prosperity through contributing to the advancement of California’s industry. The first part in this inquiry goes into some detail regarding how the gold rush got initiated, would become a major event for the world. The second part explores what changes the gold rush had brought for California’s industry, economic development, and broadly shared prosperity. The third part explains more …

Working Paper No. 68, Variables Precipitating The Extermination Of The American Bison, Cameron Winterer

Working Papers in Economics

This inquiry seeks to establish that innovations in tanning technology advanced by Europeans in the late 19th century accelerated the destruction of the bison, and subsequently the downfall of bison-reliant indigenous groups of the Great Plains, especially. The North American bison is considered as a crucial natural resource in the plains region of North America. What this inquiry seeks to emphasize is that advancements in technology, coupled with a growing demand for bison hides, contributed to the demise of bison populations. Lastly, this inquiry seeks to examine the near extinction of the plains bison and some of the effects their …

Essays In Microeconomics, Lintao Ye

Arts & Sciences Graduate Student Theses and Dissertations

This dissertation has four chapters. The first chapter studies the testable implications of stable weighted (hedonic) coalitions. The second chapter explores an extension of Bayesian persuasion where the receiver can acquire additional information after receiving information from the sender. The third chapter studies observable implications when a decision-maker endogenously forms consideration sets. The last chapter examines weighted network formation where agents have social status concerns. Omitted proofs in each chapter are presented in the last section of each chapter.In the first chapter, we study the testable implications of a stable profile of weighted coalitions. We then apply our result to …

Topics In International Finance, Jonathan Lennon Hsu

Olin Business School Graduate Student Theses and Dissertations

This dissertation focuses on two main unanswered questions that lie at the intersection between international financing, international trade, and supply chains. Firstly, to what extent can international trade networks offer borrowing opportunities for firms that face significant barriers in traditional financing markets? Second, what are the potential impacts of financial globalization on firms’ borrowing and extension of trade credit?

The first chapter seeks to answer the first research question listed above: to what extentcan international trade networks offer borrowing opportunities for firms that face significant barriers in traditional financing markets? I show that firms use their trade flows to borrow …

Housing Profiles, Emily Petz, Lee Adams, Gerrit Anderson, Brian Pittelko, Kathleen Bolter

Reports

No abstract provided.

Kalamazoo County Housing Plan, Emily Petz, Lee Adams, Gerrit Anderson, Dakota Mccracken, Brian Pittelko

Reports

A healthy housing continuum provides homes for those in a range of incomes or in different life situations. Kalamazoo County has a shortage of housing units at multiple price points. Low rates of construction, high construction costs, increased demand from a growing population, and housing costs that are increasing faster than wages have contributed to the shortage and affordability issues. Fortunately, many strategies are available to help alleviate some of the housing concerns found in the county. These strategies are most effective when community partners band together and implement them as a cohesive unit.

St. Joseph County 2021 Housing Plan, Molly Trueblood, Lee Adams, Gerrit Anderson, Southcentral Michigan Planning Council

Reports

No abstract provided.

The Free College Handbook: A Practitioner’S Guide To Promise Research, Michelle Miller-Adams Co-Editor, Jennifer Iriti Co-Editor, Elizabeth Bell, Meredith S. Billings, Kathleen Bolter, Celeste Carruthers, Daniel Collier, Gresham D. Collom, Denisa Gándara, Douglas N. Harris, Brad J. Hershbein, Amy Li, Danielle Lowry, Lindsay C. Page, Bridget Timmeney

Reports

No abstract provided.

Montcalm And Ionia Counties Housing Plan, Emily Petz, Lee Adams, Gerrit Anderson, Dakota Mccracken, Brian Pittelko, W.E. Upjohn Institute For Employment Research

Reports

No abstract provided.

Volume 5, Issue 2 (2022) Migration, Community, And Environment During A Pandemic

International Journal on Responsibility

No abstract provided.

Optimal Patent Licensing—Two Or Three-Part Tariff, Swapnendu Banerjee, Arijit Mukherjee, Sougata Poddar

Economics Faculty Articles and Research

We look into technology transfer by an insider patentee in a spatial duopoly model under three types of licensing contracts—(i) two-part tariff with fixed fee and per-unit royalty, (ii) two-part tariff with fixed fee and ad-valorem royalty and (iii) general three-part tariff with fixed fee, per-unit and ad-valorem royalties. Under two-part tariff contracts, the licenser is better off with the per-unit royalty contract but the general contract does better than the other contracts. In contrast to the existing literature, all three licensing contracts may make the consumers worse-off compared to no licensing, with the lowest consumer surplus achieved under the …

Correlación De Variables Para La Distribución De Riesgos En Concesiones Viales 5g Para Colombia, Jeane Fernanda Gálvez Sabogal

Ciencias Administrativas, Económicas y Contables

La gestión de riesgos es un proceso necesario en todos los tipos de proyecto ya que siempre se

requiere utilizar el grado de probabilidad de materialización de un suceso que afecta el

cumplimiento de los objetivos propuestos; por lo cual los riesgos en proyectos de concesiones

viales es de vital importancia para darle ya continuación fin a las obras viales que son

considerado el mecanismo para incrementar los niveles de desarrollo economico en un pais, por

tanto, la gestión que se le otorgue a la minimización de los diferentes riesgos que conlleva la ejecución de una obra vial siendo posiblemente …

Effect Of Education On Self-Reported Health, Mai Le '24

Student Research

Human Capital Theory pointed out health as a possible return to education. The question at the center of this research is if education can improve health. Replicating the work of Goesling (2007) on new data from the 2000-2022 Current Population Survey (CPS), a cross-sectional probit analysis shows a positive relationship between educational level and self-reported health. This relationship is robust and significant across age groups.

The American Space Industry: A History Of Innovation And An Analysis Of Future Policy, Miles J. Pollard

Pepperdine Policy Review

This paper articulates the evolution of US space policy by collating the history of space program developments alongside the international treaties responsible for safe space exploration. As the US shifts from NASA-led ventures to private ventures, the treaties developed both during and after the space race are coming under scrutiny. Private US companies such as Virgin Galactic, Blue Origin, and Space X are investing in the future realms of space tourism, settlements, and mining that will hopefully provide untold profits for all of mankind. However, there exists the danger of a Kessler Syndrome event blocking access to Earth’s orbits if …

New Perspectives On The Ocean Economy Of The Mid-Atlantic States, Charles Colgan

Publications

No abstract provided.

How Institutions Communicate Change: Casuistry And Loosely Coupled Change In China’S Market Transformation, Yuan Li, Additional Author(S)

School of Economics and Business Administration Faculty Works

No abstract provided.

Handwringing Over How To Slice The Pie When Ustr Should Be Focused On Growing It, Christine Mcdaniel

Yeutter Institute International Trade Policy Review

The U.S. International Trade Commission (ITC) recently released its report on the distributional effects of trade and trade policy on U.S. workers and “underrepresented and underserved communities.” The report catalogs a host of information gathered from a literature review and several roundtables on the adverse effects of U.S. manufacturing imports. But the report’s laser focus on manufacturing imports leaves a huge gap for readers interested in the distributional effects of trade.

Manufacturing imports are an important part of trade, but they aren’t all of trade. Trade is imports and exports, goods and services, inputs and final goods. Trade is manufacturing, …

“It’S Getting Hot In Here”: Climate Change And Tensions Surrounding Environmental Injustice For Minority And Low-Income Communities, Symone Gaskin

Symposium of Student Scholars

Our current climate crisis presents the perfect opportunity to address other social ills that reflect environmental injustice. The purpose of this research was to explore if, when, and how climate change disproportionately impacts minority communities. A thematic analysis was developed through the creation of a literature review matrix comprised of twenty academic and practitioner articles. This thematic analysis uncovered four key themes: implications in the workplace, the housing market, the economy, and the standard of health. Consequently, confirming the disenfranchisement of marginalized groups in relation to the environment, this research uncovered the long-lasting effects of systemic racism as an important …