Social and Behavioral Sciences Commons^™

A Theory Of Mental Credit, Jason Soll

CMC Senior Theses

Many philosophical subjects attempt to analyze the basis of human welfare. Theories of desert, distribution of property, and happiness tend to dominate philosophical discourse. Mental credit, which is the mental acquisition of credit for one’s accomplishments and the satisfaction one derives from this credit, is absent from this discourse despite its underlying role in the way people think about their lives. Mental credit is an eternal cognitive good that deserves thoughtful attention and pious decisions for implementation. The following theory of mental credit seeks to serve as a unifying theory for the mental calculations that guide life’s most imperative decisions, …

Can The Monetary Integration Of Ecowas Improve Intra-Regional Trade?, Chinweuba E. Ezekwesili

CMC Senior Theses

A gravity model is used to evaluate the effects of currency union on intra-regional trade of ECOWAS (Economic Community of West African States) member states. The panel data used includes bilateral observations for fourteen years spanning 1994 through 2006 for 16 countries. Controlling for determinants and deterrents of trade, I find the presence of a currency union three times as likely to increase intra-regional trade between ECOWAS member countries. In addition, I find that the effect on trade creation has been steadily falling since 1994.

America's First Great Moderation, Ryan Shaffer

CMC Senior Theses

This paper identifies America's first Great Moderation, a period from 1841-1856 of unbroken economic expansion and low volatility comparable to the Great Moderation of the 1980s-2000s. This moderation occurred despite a lack of central banks, low governmental spending, and barriers to interstate commerce during the antebellum period. I demonstrate this moderation in industrial production and stock market indexes and compare the first Great Moderation with the second in these economic factors. These results also call into question the conventional wisdom of the National Bureau of Economic Research business cycle chronology that the antebellum period was volatile and fraught with recessions. …

Performance Of The Indian Banking Industry Over The Last Ten Years, Saumya Lohia

CMC Senior Theses

This paper analyzes the performance of Indian banks over the period of the last ten years. It uses the CAMEL Framework to determine the performance of public and private banks in India. The paper also conducts an empirical analysis to determine the share price performance of Indian banks relative to the share price performance of banks in Hong Kong, Europe and the US. This paper finds that private banks perform better than public banks overall based on the CAMEL Framework. In addition it also finds that the Indian banks share price performance is dependent on the share price performance of …

Immigration And Identity Politics: The Senegalese In France, Justine Dodgen

CMC Senior Theses

As immigrants arrive in a new culture, they must modify their behaviors to adapt to their host society. Through a review of current literature, I will examine the psychological and sociological aspects of immigration and the effects on migrant identity. I will argue that migrants most desire a bicultural identity, in which they retain some elements of their ethno-cultural identity while adopting some values of French society. The construction of a bicultural identity presents a challenge due to the particular philosophical foundations of the French nation-state and French culture. In the next chapter, I will analyze the challenges Senegalese migrants …

Blood Money: A Study Of The Effect Of Fighting On Player Salaries In The National Hockey League, Matthew G. Morton

CMC Senior Theses

Fighting has been a centerpiece of the National Hockey League since it was formed in 1917. Although rules have been introduced regulating the physicality of play in the NHL, fighting is demanded—and encouraged—by fans and players alike. Fans have long been attracted to the violence of professional hockey; previous studies have documented that professional hockey is a “blood sport” that generates revenues with violence. This research investigates the effect of fighting on player salaries in the NHL, examining the way in which fighting has become a strategic element of the game, describing the way players enforce their own “Code” of …

Past Financial Reporting Credibility: Does It Influence Market Perceptions Of Fair Value Assets?, Jason M. Rehhaut

CMC Senior Theses

During the financial crisis, many assets became illiquid and ceased trading on the open market, thus classifying them as level three assets. This study attempts to determine whether fair value asset disclosures, especially level three assets, were viewed by the market as valued correctly, given the amount of subjectivity involved. This paper will discuss prior literature on the topics of fair value accounting, various earnings quality measures, and corporate governance impact on fair value disclosures. Using models similar to prior papers, many of the coefficients of interest proved insignificant. However, the models improved when examining only the least credible firms.

Winning Off The Field: The Determinants Of Mlb Franchise Value, David F. Ulrich

CMC Senior Theses

This paper examines the underlying drivers of MLB franchise value. Using panel data for MLB teams from 2000-2010, I find that a team’s ballpark and metro-area market are significant determinants, yet revenues truly drive value. Further, I find that incremental increases in winning percentage by a particular team has an insignificant effect on total revenues and has no marginal impact on the value of the team, particularly if the team recognizes consistent revenue streams every year. Finally, I show that the modern sabermetric approach to player management negatively impacts firm value, suggesting that although small market teams have been successful …

Film Review Aggregators And Their Effect On Sustained Box Office Performance, Nicholas Krishnamurthy

CMC Senior Theses

This thesis will discuss the emerging influence of film review aggregators and their effect on the changing landscape for reviews in the film industry. Specifically, this study will look at the top 150 domestic grossing films of 2010 to empirically study the effects of two specific review aggregators. A time-delayed approach to regression analysis is used to measure the influencing effects of these aggregators in the long run. Subsequently, other factors crucial to predicting film success are also analyzed in the context of sustained earnings.

Foreign Corrupt Bribery Act: Long-Term Benefits Should Outweigh Short-Term Burdens, Brian K. Gose

CMC Senior Theses

The purpose of this thesis is to examine the Foreign Corrupt Practices Act. Specifically, do long-term benefits from the FCPA outweigh short-term burdens? The paper begins with a short Introduction that provides a roadmap for the overall thesis. Chapter I discusses the business and economic environment of America during the 1970s. Specifically, the focus is on the Watergate scandal and how it played a crucial role in the enactment of the FCPA. Chapter II explains and analyzes specific provisions of the FCPA. It also demonstrates the FCPA‟s relationship to the Securities and Exchange Act of 1934 and the Sarbanes-Oxley Act …

The Economic Impact Of Oil Price Shocks On Emerging Markets, Aanchal Kapoor

CMC Senior Theses

Recent spikes in oil prices have thrown light on how economic activity in emerging markets may be impacted by oil price shocks. This paper conducts an empirical analysis of the effect of oil price shocks on emerging markets. It tests for the existence of an asymmetrical relationship between oil prices and economic activity using a model developed by James Hamilton. It also assesses the impact of structural shocks to the real price of oil on output as proposed by Lutz Kilian. While our models find no consistent pattern within emerging markets, they do suggest that oil price shocks have a …

Disputed Theory And Security Policy: Responding To The "Rise Of China", Joseph K. Clifton

CMC Senior Theses

Much has been written on the security implications of the "Rise of China," yet there is little consensus, posing a problem for policymakers.  I highlight the areas of disagreement, arguing that the lack of consensus is a product of different theoretical positions.  Since there is not an obviously correct theoretical position, policymakers must make decisions based on significant uncertainty.  I argue that policymakers ought therefore reject costly and decontextualized theories, such as offensive realism, while still maintaining openness to theoretical knowledge.

From Riches To Rags: The Political Economy Of The Natural Resource Curse, Anum Malkani

CMC Senior Theses

The natural resource curse paradox has given rise to a wide range of explanations, which look at the economic, social and political characteristics of resource-rich countries. This paper focuses on the political economy of natural resources and finds that controlling for sociopolitical factors eliminates the natural resource curse. The analysis then turns to these sociopolitical factors and examines the significant, complex and varied effects of democratization on economic growth in general, as well as in resource-rich countries in particular. I conclude that the type of institutions needed for economic development in resource-rich countries are not specific to either democratic or …

The Drug War In Mexico: Consequences For Mexico's Nascent Democracy, Katrina M. Weeks

CMC Senior Theses

In recent years Mexico has been confronted with accelerating levels of violence related to drug trafficking organizations and counter-drug efforts. This paper examines the consequences of Mexico’s current drug trafficking situation on the country’s fledging democracy. In particular, the impact of the drug war on Mexico’s democratic consolidation is evaluated through civil-military relations, the judicial system, and the press. Conclusions about the prospects for Mexico’s nascent democracy are then examined.

Examining The Effect Of Psychological Traits On Earnings And The Gender Wage Gap Within A Young Sample Of U.S. Employees, Marika May

CMC Senior Theses

This paper examines the effect of psychological traits on earnings and furthermore whether it helps explain the gender wage gap. Public-use data collected from The National Longitudinal Study of Adolescent Health is used to evaluate the impact on earnings on seven psychological factors: masculine traits, self esteem, analytical problem solving approach, willingness to work hard, impulsiveness, problem avoidance, and self-assessed intelligence. Findings show that gender differences in psychological traits are significant and returns to observable characteristics differ somewhat by gender as well. Among the young sample of U.S. employees evaluated in this study, I find that up to 21 percent …

The Impact Of Oil Prices On The U.S. Economy, Jacob H. Bauch

CMC Senior Theses

Nine of the ten recessions since WWII have been preceded by relatively large and sudden increases in the price of oil. In this paper, I use time series analysis to forecast GDP growth using oil prices. I use the methodology from Hamilton (2009), and extend the dataset through 2010. Impulse response functions are used to analyze the historical performance of the model’s one-year-ahead forecasts. In April, 2011, the International Monetary Fund changed its forecast of 2011 GDP growth in the U.S. from 3.0% to 2.8% largely due to persistently high oil prices. My model suggests that the price increase in …

Gender Inequality In The Law: Deficiencies Of Battered Woman Syndrome And A New Solution To Closing The Gender Gap In Self-Defense Law, Meredith C. Doyle

CMC Senior Theses

Dr. Lenore Walker developed battered woman syndrome to address the issue of domestic violence and to give battered women a defense in situations in which they kill their abusive partners when they are not overtly threatening them. Self-defense law is based on male on male combat. Women are less able to protect themselves in an attack by a man, and so they may preemptively attack their sleeping partners to avoid a situation in which they cannot adequately protect themselves. Battered woman syndrome explains why these battered women act in a way that is irrational to a non-battered person. Walker's theory …

Alleviating Social Disadvantages Of Rapid Economic Growth: A Case For Conditional Cash Transfer (Cct) Application In Old Siam, Anastasia Kostioukova

CMC Senior Theses

The ongoing conflict between Thailand’s red shirt and yellow shirt parties is not purely political. This tension is rooted in a renewed awareness of regional economic and social inequality, a byproduct of rapid economic growth in the past. This thesis seeks to understand the overall consequences of unequal economic development in Thailand, as the rationale for asserting that a conditional cash transfer (CCT) program is an appropriate policy tool for the ongoing reconciliation efforts.

Appreciating Bilingualism: The First Step To Reducing Racism In The United States, Jenna Suttmeier

CMC Senior Theses

The goal of this paper is to explore the origins of modern-day racism and to discuss ways to reduce discrimination in the United States. Research on bilingualism and bilingual education indicates that bilingualism can be one method that helps reduce racism and increase cultural acceptance. For example, bilingual education can help establish multicultural identities in school children by providing better educational opportunities for English learners, teaching a new language and culture to native-English speakers, and integrating diverse cultures in classroom settings. Therefore, bilingual education can be a powerful tool in facilitating cultural awareness and reducing racial tensions in the U.S.

A Theoretical Analysis Of The Future Of Nato, Kaj W. E. Pedersen

CMC Senior Theses

My argument about NATO’s future is a combination of both neo-realist and constructivist thought, an adaptation of both neo-realist power struggles and constructivist institutional structures. Due to a lack of a significant threat, NATO will collapse as a military alliance. However, due to the longevity of the Trans-Atlantic Relationship, the similarities in the governmental structure of its members and the history of peaceful interactions between the allies on both sides of the Atlantic, the current “security community” will remain despite the collapse of the military aspects of the Alliance. NATO has been held together through organizational inertia and shifting the …

A Natural Resource Curse: Does It Exist Within The United States?, Bryce Gerard

CMC Senior Theses

In this paper, we  examine data on U.S. GDP/Capita and natural resource share of GDP by state. We then run growth regressions and build on a previous model of dynamic equations to account for the spatial equilibrium that exists between U.S. states. Our results show that there exists evidence that overinvestment in oil and mining sectors has negative effects on state TFP growth, thus giving positive evidence for the existence of a natural resource curse between U.S. states.

Credit Market Imperfections, Financial Crisis And The Transmission Of Monetary Policy, Brett Spencer

CMC Senior Theses

This paper uses U.S. macroeconomic data drawn from 2001 to 2010 in order to test for the operation of a credit channel of monetary transmission. Using a combination of a VAR and ADL time series frameworks, evidence is found for the impairment of the credit channel during the crisis period relative to the period which preceded it. Evidence is also found against the presence of a "credit crunch" during the crisis, and supporting evidence is found for the existence of a "credit trap." This analysis indicates a significant role for credit market imperfections in the transmission of monetary policy, and …

Understanding Terrorism In The Horn Of Africa: American Perceptions Of Somalia, Kenya, And Al Qaeda, Victoria L. Din

CMC Senior Theses

A number of factors contribute to the enigmatic nature of terrorism. As popular perceptions of the act and of the actor evolve, there is a corresponding desire to change the definition. The act itself has stayed largely the same; however, developments in politics and culture have changed our perceptions of terrorism and subsequently our usage of the term. As such, it has been imprecisely applied to a diverse and perpetually changing set of actors, institutions, and actions.

Performance Under Pressure: The Effect Of Explanatory Style On Sensory-Motor Performance Under Stereotype Threat, William R. Macphail

CMC Senior Theses

Do participants with external attribution styles outperform participants with internal explanatory styles in pressure-filled situations? Explicit-monitoring theory suggests that performance becomes impaired when conscious attention is devoted to performing a task normally carried out by automatic processes. Attributing potential failure to an external source (e.g., blaming a sudden gust of wind for a poor golf shot) can decrease the negative effects of stereotype threat, a social-psychological predicament known to engender feelings of stress similar to those experienced in pressure-filled situations, by preventing explicit monitoring from taking place. The current study examined whether individual differences in attribution style, as measured by …

Investigating Social Capital And Political Action In The Middle East, Amr Abdel-Wahab

Electronic Theses and Dissertations

This study addresses the relationship between social capital and political action in the Middle East. The research uncovers indicators of how social capital correlates with democratic action. Using data from the 2005 World Values Survey, the examination centers on indicators of trust and membership in civic organizations and how they relate to political action in the region. The paper concludes with discussion of how trust-building and reciprocity can be interpreted within the political context of the Middle East, and how the relevance of social capital will be an unavoidable consideration in the transition away from autocracy in the region, especially …

The Effects Of Scoring Technique On Situational Judgment Test Validity, Daniel S. Miller

Electronic Theses and Dissertations

Situational Judgment Tests (SJTs) are frequently used by organizations as a face-valid selection measure with low adverse impact and a relatively strong relationship with relevant criteria. Despite their common use, there remain several research questions regarding the theoretical foundations and characteristics of SJTs. Additionally, developments in SJT scoring provide fertile ground for research to validate new scoring techniques to better predict criteria of interest. Motowidlo and his colleagues (2006) recently developed a scoring technique for SJTs based on the principle of Implicit Trait Policies (ITPs) which are implicit beliefs concerning the effectiveness of different behavioral choices that demonstrate varying levels …

An Examination Of The Process Of Forgiveness And The Relationship Among State Forgiveness, Self-Compassion, And Psychological Well-Being Experienced By Buddhists In The United States, Masami Matsuyuki

Theses and Dissertations--Educational, School, and Counseling Psychology

The purpose of this study was to investigate the process of forgiveness and the relationship among state forgiveness, self-compassion, and psychological well-being experienced by Buddhists in the United States. An integral feminist framework was developed for this mixed-method study.

For the quantitative component of this study, a convenience sample of 112 adults completed an online survey. Multiple regression analysis was performed to examine: (a) the impact of gender, age, and the years spent in Buddhist practice on state forgiveness and self-compassion; (b) the outcome of psychological well-being in relation to state forgiveness and self-compassion; and (c) self-compassion as a mediator …

Policy Analysis In Practice: Lessons From Researching And Writing A “Statenote” For Education Commission Of The States, Dinah J. Frey

Capstone Collection

This capstone will shed light on the various aspects of policy analysis, policy papers and policy change. The focus of this capstone paper is a five-page policy brief, or StateNote, which analyzes one element of Kentucky’s major educational policy reform of 1990. The paper will follow the guidelines of the Policy Advocacy course-linked capstones that focus on a personal contribution to some aspect of policy change. Renowned policy specialists such as Eugene Bardach and Carl V. Patton’s work provide steps to follow to write a policy paper and the pieces to include within the paper.

The action of policy analysis …

A Framework For Monitoring Local And Regional Food Systems, Heather Victoria Davis

Capstone Collection

The US food system has been experiencing gradual, yet significant, changes in recent years - with many people recognizing that conventional approaches are not only unsustainable, but also detrimental. As an alternative paradigm, the development of local food systems has been flourishing because of the benefits they bring to us: more local control over our food; supporting the local economy and entrepreneurs; healthier food options; fewer “food miles” and the related benefits of lowered use of petroleum; stronger community bonds; job creation for our rural communities; more gentle on the environment; and a more secure food system overall. Monitoring the …

Discovering The Potential Of Service Learning In Perugia, Italy: An Evaluation Of The Umbra Institute’S La Famiglia Italiana Project, Julie Falk

Capstone Collection

Today, American study abroad programs are increasingly shifting their focus to students’ community engagement efforts, one approach of which is service learning (Stone, 2008). Service learning principles and approach, however, are not always quickly and easily transported into other cultures. As an American pedagogical export, service learning in the study abroad context has the potential to overlook essential factors such as reciprocity, sustainability, and evaluation of student, faculty, and community partner experiences. This type of learning remains unexplored territory in many countries including Italy (Tosi, 2000). As the only American study abroad program of its kind in Perugia, Italy, The …