Open Access. Powered by Scholars. Published by Universities.®
Social and Behavioral Sciences Commons™
Open Access. Powered by Scholars. Published by Universities.®
- Institution
- Keyword
-
- Adam Smith (1)
- Aristotle (1)
- Asymmetric information (1)
- Bureau of Business Research (1)
- Business in Nebraska (1)
-
- Cap-and-trade (1)
- Capitalism and Freedom (1)
- Carbon Taxes (1)
- Climate Change (1)
- Climate Change Policies (1)
- Concept of the manager. (1)
- Construction and Mining (1)
- Consumer-directed home care (1)
- D82 (1)
- Distribution (1)
- Dividend Policy (1)
- Economic Power (1)
- Economic theory (1)
- Economics (1)
- Economics of Climate Change (1)
- Economics of science (1)
- Employment (1)
- Equity home bias (1)
- Ethics (1)
- Externalities (1)
- F30 (1)
- Farm Income (1)
- Financial Services (1)
- G11 (1)
- Governement (1)
Articles 1 - 15 of 15
Full-Text Articles in Social and Behavioral Sciences
Wright State University Regional Economic Report, December 2008, Thomas L. Traynor
Wright State University Regional Economic Report, December 2008, Thomas L. Traynor
Economics Faculty Publications
No abstract provided.
Aristotle's Difficult Relationship With Modern Economic Theory, Spencer J. Pack
Aristotle's Difficult Relationship With Modern Economic Theory, Spencer J. Pack
Economics Faculty Publications
This paper reviews Aristotle's problematic relationship with modern economic theory. It argues that in terms of value and income distribution theory, Aristotle should probably be seen as a precursor to neither classical nor neoclassical economic thought. Indeed, there are strong arguments to be made that Aristotle's views are completely at odds with all modern economic theory, since, among other things, he was not necessarily concerned with flexible market prices, opposed the use of money to acquire more money, and did not think that the unintended consequences of human activity were generally beneficial. The paper argues however, that this interpretation goes …
For Love, Money Or Flexibility: Why People Choose To Work In Consumer-Directed Homecare, Candace Howes
For Love, Money Or Flexibility: Why People Choose To Work In Consumer-Directed Homecare, Candace Howes
Economics Faculty Publications
The purpose of this study was to investigate the impact of wages and benefits (relative to other jobs available to workers), controlling for personal characteristics, on the recruitment and retention of providers working in a consumer-directed home care program.
This article was written as part of a project titled ‘‘Building a High Quality Homecare Workforce: Wages, Benefits and Flexibility Matter,’’ which was supported by a research grant from the Better Jobs Better Care Program and funded by the Robert Wood Johnson Foundation (#049213) and Atlantic Philanthropies (#12099) with direction and technical assistance provided by the Institute for the Future of …
A Long Spell Of Uncertainty, John Austin, Chris Decker, Tom Doering, Ernie Goss, Bruce Johnson, Lisa Johnson, Ken Lemke, Franz Schwarz, Scott Strain, Eric Thompson, Keith Turner
A Long Spell Of Uncertainty, John Austin, Chris Decker, Tom Doering, Ernie Goss, Bruce Johnson, Lisa Johnson, Ken Lemke, Franz Schwarz, Scott Strain, Eric Thompson, Keith Turner
Economics Faculty Publications
We find ourselves in a period of sustained economic uncertainty. Today, like 6 months ago, the U.S. economy is on the brink of a recession. Weakness in lending activity, coupled with weakness in the housing sector and related manufacturing industries has stymied economic growth since late 2007. At times, recession seems imminent. But, the official measures, such as quarterly gross domestic product, do not clearly signal that the economy is contracting. Further, prices are rising rapidly for food and energy. That is the uncertainty. Will 2008 be remembered as a recession year, or as a period of disappointing but slow …
Endogenous Asymmetric Information And International Equity Home Bias: The Effects Of Portfolio Size And Information Costs, John M. Barron, Jinlan Ni
Endogenous Asymmetric Information And International Equity Home Bias: The Effects Of Portfolio Size And Information Costs, John M. Barron, Jinlan Ni
Economics Faculty Publications
Equity home bias is one of the major puzzles in international finance. This paper investigates the impact of asymmetric information on equity home bias in a rational expectation model where portfolio managers differ in their levels of initial portfolio size and information acquisition is endogenous. The model characterizes the information acquisition and investment decisions made by each portfolio manager, and the resulting equilibrium. We find that portfolio managers with larger portfolio size acquire information about the foreign asset; this is consistent with new evidence linking the degree of home bias across portfolio managers to portfolio size.
Wright State University Regional Economic Report, Spring 2008, Thomas L. Traynor
Wright State University Regional Economic Report, Spring 2008, Thomas L. Traynor
Economics Faculty Publications
No abstract provided.
Taxation Causes Kentucky To Lag Tennessee In Growth, Stephen E. Lile
Taxation Causes Kentucky To Lag Tennessee In Growth, Stephen E. Lile
Economics Faculty Publications
No abstract provided.
Kentucky's Debt Relief Attempt, Stephen E. Lile
Kentucky's Debt Relief Attempt, Stephen E. Lile
Economics Faculty Publications
No abstract provided.
Economics Of Science, Arthur M. Diamond Jr.
Economics Of Science, Arthur M. Diamond Jr.
Economics Faculty Publications
No abstract provided.
Testing The Pecking-Order Theory: Evidence From Chinese Listed Companies, Jinlan Ni, Miaomiao Yu
Testing The Pecking-Order Theory: Evidence From Chinese Listed Companies, Jinlan Ni, Miaomiao Yu
Economics Faculty Publications
The pecking-order theory of capital structure, which predicts that firms prefer internal to external finance, is one of the most influential theories of corporate leverage. This article examines whether the financial structure of China's listed companies follows a pecking order from debt to equity. Using the entire cross-section sample of China's listed companies in 2004, the authors find no evidence that China's listed companies follow a pecking order when they need funds to finance investment projects. Further subgroup analyses indicate that big companies follow a pecking order and small and medium companies do not. These results suggest that the Chinese …
An Economic Approach To Climate Change, Matt Bogard
An Economic Approach To Climate Change, Matt Bogard
Economics Faculty Publications
Economics is the study of choices, and how they are made compatible. The issue of global warming can be viewed in the context of a set of choices that lead to climate change. In a free society choices are made compatible via the price system. If prices do not reflect the true cost of carbon, then carbon intensive production and consumption choices may not be compatible given the choice sets across all members of society. For example, my choice to burn fossil fuels may be incompatible with your choice to live in a coastal area given certain climate change scenarios. …
The Ethical Lacunae In Friedman's Concept Of The Manager, Jonathan B. Wight, Martin Calkins
The Ethical Lacunae In Friedman's Concept Of The Manager, Jonathan B. Wight, Martin Calkins
Economics Faculty Publications
This article challenges along two lines Milton Friedman's injunction that the sole role of the business manager is to maximize profits for shareholders using all legal and ethical means. First, it shows how Friedman overly narrows the manager's moral duties to consequentialist profit maximization and thereby fails to account for a wide range of values and virtues necessary for good management. Second, it illustrates how more oblique approaches to management as well as Adam Smith's virtue-based model better capture the moral imagination and relational aspects of leadership that are critical to good management today. In the end, this article suggests …
Encouraging Filing: Tax Credits And Social Safety Nets, James Alm, Todd Cherry, Michael Mckee, Michael L. Jones
Encouraging Filing: Tax Credits And Social Safety Nets, James Alm, Todd Cherry, Michael Mckee, Michael L. Jones
Economics Faculty Publications
No abstract provided.
Social Position And Distributive Justice: Experimental Evidence, Kurtis Swope, John J. Cadigan, Pamela Schmitt, Robert Shupp
Social Position And Distributive Justice: Experimental Evidence, Kurtis Swope, John J. Cadigan, Pamela Schmitt, Robert Shupp
Economics Faculty Publications
Using a simple, double-blind dictator experiment, we examine the extent to which subjects' choices of distributive shares are influenced by unearned social position. We measure social position by the initial distributive shares (resources) and the subjects' ability to determine the final distributive shares (power). We find that subjects' decisions are consistent with Rawls' (1971) hypothesis that individuals expect a greater share when in a position with more power and initial resources. Finally, we test if subjects' choices under a laboratory veil of ignorance are consistent with Rawls' concept of distributive justice. "Veiled" individuals exhibit preferences that are less risk-averse and …
Institutional Ownership And Firm’S Dividend Policy, Jinlan Ni
Institutional Ownership And Firm’S Dividend Policy, Jinlan Ni
Economics Faculty Publications
This paper examines the linkage between dividend policy and institutional ownership within the context of the dividend model of Allen, Bernardo and Welch (2000). Specifically, it provides an empirical test of Allen, Bernardo and Welch (2000)’s novel implication that a tax differential between institutions and retail investors effects dividend policies. Using merge data of US industrial firms from 1980-2002, our results indicate that the dividend paying decision is positively related with institutional ownership. That is, firms with higher institutional ownership are more likely to be dividend payers. Further, we find that the deferred tax or tax credits that the institutional …