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Full-Text Articles in Social and Behavioral Sciences

Reinvigorating Gva Nowcasting In The Post-Pandemic Period: A Case Study For India, Kaustubh Na, Soumya Suvra Bhadury, Saurabh Ghosh Feb 2024

Reinvigorating Gva Nowcasting In The Post-Pandemic Period: A Case Study For India, Kaustubh Na, Soumya Suvra Bhadury, Saurabh Ghosh

Bulletin of Monetary Economics and Banking

We reinvigorate nowcasting models considering structural changes caused by the COVID-19 pandemic. It emphasizes the need to understand the heterogeneous impact of shocks on agriculture, industry, and services sectors in an emerging market economy (e.g., India). Our findings advocate a bottom-up approach that tracks sectors separately rather than a headline number. Our results suggest including digital-activity index and supply-side disruption index in the post-pandemic period could improve nowcast performance. Expectation-Maximization (E-M) algorithm is used to combine data series based on their availability. Among bridging methods, the averaging method is preferred due to its simplicity and flexibility.


Does Inflation Targeting Anchor Inflation Expectations In India? Evidences From Surveys Of Household And Professional Forecasters, Irfan Ali Kc Feb 2024

Does Inflation Targeting Anchor Inflation Expectations In India? Evidences From Surveys Of Household And Professional Forecasters, Irfan Ali Kc

Bulletin of Monetary Economics and Banking

This study examines whether inflation targeting (IT) anchors household and professional forecasters expectations in India. It investigates whether food and non-food inflation affect anchoring inflation expectations differently. Primarily, the results indicate significant decreases in the level and variability of expectations. Further, it provides evidence of successful anchoring for professional forecasters' and household expectations. However, it also found food inflation assist anchoring of expectations, while the non-food inflation doesn't. The results suggest the central bank to emphasize more on non-food inflation for better anchoring prospects. Additionally, the study identifies food inflation as the primary contributor to headline inflation variability.


Cognitive Abilities And Individual Earnings In Hybrid Continuous Double Auctions, Yan Peng, Jason Shachat, Lijia Wei, S. Sarah Zhang Feb 2024

Cognitive Abilities And Individual Earnings In Hybrid Continuous Double Auctions, Yan Peng, Jason Shachat, Lijia Wei, S. Sarah Zhang

ESI Working Papers

There is growing evidence that human cognitive abilities strongly influence individual trader financial performance. Much of this evidence has been established in experimental asset markets whose participants are exclusively human traders. However, algorithmic trading has reshaped financial markets, raising the issue of whether these assessments on the impact of cognititive abilities still hold in these settings, particularly in markets with low latency algorithmic traders. Extending previous findings in experimental asset markets, we examine how individual cognitive abilities—reaction time, trader intuition (Theory of Mind), and cognitive reflection—affect human earnings in induced demand and supply markets with and without algorithmic traders of …


The Impact Of Women’S Roles In The Preservation Of Nature: Analysis Of Ecofeminism On Ronggeng Dukuh Paruk, U'Um Qomariyah, Sumartini Sumartini, Qurrota Ayu Neina, Dyah Prabaningrum Feb 2024

The Impact Of Women’S Roles In The Preservation Of Nature: Analysis Of Ecofeminism On Ronggeng Dukuh Paruk, U'Um Qomariyah, Sumartini Sumartini, Qurrota Ayu Neina, Dyah Prabaningrum

Bahasa dan Seni: Jurnal Bahasa, Sastra, Seni, dan Pengajarannya

The roots of the catastrophe, environmental pollution, and the decline in culture are the empirical assumptions of positivistic humans. A strategy of deconstructing and reconstructing the epistemological framework of knowledge is needed through the creation (counter) of a positivistic view that can determine the attitudes and roles of a person, both men and women, towards the environment. On this basis, this article aimed to explain women's role in preserving nature as a critical analysis of the ecological perspectives of literary texts. This research utilized qualitative descriptive and ecofeminist methods in the eco-criticism discourse. The ecofeminist method refers to methods related …


Cultural Violence In Indonesian Ethnic Humor: A Critical Discourse Analysis, Surahmat Surahmat, I Dewa Putu Wijana, Br Suryo Baskoro Feb 2024

Cultural Violence In Indonesian Ethnic Humor: A Critical Discourse Analysis, Surahmat Surahmat, I Dewa Putu Wijana, Br Suryo Baskoro

Bahasa dan Seni: Jurnal Bahasa, Sastra, Seni, dan Pengajarannya

This study proposes to explain that Indonesian ethnic humor show cultural violence on the target group, in addition, to establishing an interethnic dialogue. Cultural violence is defined as the entire cultural aspect that can be used to legitimize violence, whether direct or structural. Forms of cultural violence can include religion, ideology, language, empirical sciences, formal science, and cosmology. The problems questioned are (1) how cultural violence is depicted in the language structure of Indonesian ethnic humor and (2) how are the forms of cultural violence in the discourse of Indonesian ethnic humor. Data on ethnic humor were from books, magazines, …


An Enquiry Of English Learning Materials Appropriacy For Nautical Students, Ardiana Sari, Ade Hamka, Afia Sari, Dyah Ratnaningsih Feb 2024

An Enquiry Of English Learning Materials Appropriacy For Nautical Students, Ardiana Sari, Ade Hamka, Afia Sari, Dyah Ratnaningsih

Bahasa dan Seni: Jurnal Bahasa, Sastra, Seni, dan Pengajarannya

Nautical students are required to have communicative competence in English that will be beneficial for their future careers. However, the teaching and learning implemented remain insufficient in terms of sources, learning topics, and learning materials. Therefore, the present study aims to investigate teacher’s and students’ preferences in teaching English for Specific Purposes (ESP) and elaborate the learning needs. This study utilizes a mix-methods approach which involves fifty-three nautical students and an ESP teacher at a maritime polytechnic located in East Java. The needs analysis was conducted by distributing online questionnaires containing three sections, such as (1) students’ current level of …


Color Symbolism And Resistance In Shaila Abdullah’S Saffron Dreams, Hasnul Insani Djohar, Lailla Sekar Dwi Komalasari Feb 2024

Color Symbolism And Resistance In Shaila Abdullah’S Saffron Dreams, Hasnul Insani Djohar, Lailla Sekar Dwi Komalasari

Bahasa dan Seni: Jurnal Bahasa, Sastra, Seni, dan Pengajarannya

This study analyzes how Shaila Abdullah's Saffron Dreams portrays and resists Orientalists' stereotypes of Muslim women. Through Saffron Dreams, Abdullah attempts to put up a fight against the negative stereotypes of Orientalists toward Muslim women. It is shown based on how the main protagonist is portrayed as a Muslim Pakistani-American woman who lost her husband in 9/11, experiencing mistreatment from her host land society due to the spreading negative stereotypes of Muslim women. By utilizing Close Textual Analysis, this study focuses on examining how the novel depicts and resists the Muslim women's stereotype by Orientalists. This study discovers that the …


The Lived Experiences Of Premarital Counseling And Its Influence On Martial Satisfaction, Donna M. Saulter-Carney Feb 2024

The Lived Experiences Of Premarital Counseling And Its Influence On Martial Satisfaction, Donna M. Saulter-Carney

Doctoral Dissertations and Projects

The purpose of this qualitative phenomenological study was to explore the lived experience of married couples from various demographic backgrounds who have engaged in premarital counseling in Maryland. How do couples experience premarital counseling is the study’s central research question. The theory guiding this study is Gottman’s (1993) cascade model of marital dissolution. This model offers a theoretical framework for understanding how minor issues in marriage can exacerbate and foster the entire marital experience. The study is quantitative research using an interpretive phenomenological design to recruit the participants for the study. The study conducted face-to-face semi-structured interviews with couples to …


Mental Health First Aid (Mhfa) Training Of First Responders, Rebecca Leigh Bandy Feb 2024

Mental Health First Aid (Mhfa) Training Of First Responders, Rebecca Leigh Bandy

Doctoral Dissertations and Projects

This study aimed to address the gap in the mental health training of first responders. Mental health issues have increased and continue to increase each year and is leading to more emergency calls being made about individuals with mental illnesses or in a mental health crisis. With this increase in calls related to mental health, first responders are not prepared to handle these calls. This study examined the effectiveness of a mental health training program, Mental Health First Aid (MHFA), on first responders’ knowledge, stigmas, comfort level, confidence level, ability to identify mental health symptoms, and benefits for first responders …


Educated Cops: A Qualitative Analysis Of Police Chiefs' And Police Officers' Perceptions Of The Effects Of Post-Secondary Education On Job Performance, James Wesley Blair Feb 2024

Educated Cops: A Qualitative Analysis Of Police Chiefs' And Police Officers' Perceptions Of The Effects Of Post-Secondary Education On Job Performance, James Wesley Blair

Doctoral Dissertations and Projects

Municipal policing in the United requires a complex array of skills for police officers to perform the duties of their jobs effectively. At any given time, a police officer may act in the role of a warrior in confronting an armed assailant in a school or deliver a death notification to a family whose life has just been shattered by a tragic car crash. That same officer will be asked to perform CPR on a heart attack victim, counsel a suicidal individual on the edge of a bridge, and deliver a presentation to a group of business owners. Each of …


Male Motivation To Pursue Social Work: A Causal-Comparative Study Investigating The Differences In Male Students’ Motivational Orientation And Field Of Study, Laura A. Dimarcantonio Feb 2024

Male Motivation To Pursue Social Work: A Causal-Comparative Study Investigating The Differences In Male Students’ Motivational Orientation And Field Of Study, Laura A. Dimarcantonio

Doctoral Dissertations and Projects

The purpose of this quantitative, non-experimental, causal-comparative study was to investigate if there is a difference in the motivational orientation of male social work students and men in traditional fields of study. Men are underrepresented in social work degree programs in the United States, yet their unique voice and experience are needed to meet the diverse workforce goals of the profession and provide equitable services to all individuals. Participants for the study were drawn from a convenience sample that included 252 students enrolled in baccalaureate, master’s, and doctoral-level social work, computer science, engineering, and math programs at four universities in …


The Effect Of Music On Spiritual Well Being Among Hospice Patients, Mathai Abraham Feb 2024

The Effect Of Music On Spiritual Well Being Among Hospice Patients, Mathai Abraham

Doctoral Dissertations and Projects

The life expectancy of a hospice patient is approximately six months or less. Hospice care is not for the cure of the disease. It is the care provided to the patients for the symptom management of the disease. Hospice care, known as end-of-life care, is very important for a comfortable and peaceful passage. Holistic care for the hospice patient is the goal of the hospice care plan. A hospice patient’s spiritual well-being can be maintained by spiritual support through a spiritual presence and spiritual conversation; all hospice care institutions' disciplines can provide adequate spiritual aid through their interaction with patients, …


A Qualitative Descriptive Study: What South Carolina Church Leaders Believe About Congregational Active Shooter Preparation, Charles David Watts Jr. Feb 2024

A Qualitative Descriptive Study: What South Carolina Church Leaders Believe About Congregational Active Shooter Preparation, Charles David Watts Jr.

Doctoral Dissertations and Projects

The purpose of this qualitative descriptive study is to establish a baseline of understanding what experiences South Carolina Southern Baptist church leaders have in active shooter training and what they believe about preparing, training, and equipping congregations for an active shooter incident in their house of worship. This researcher examined how church leaders prepare, train, and equip congregations for security threats like active shooter incidents. This study fills a gap in the existing literature, adding to the research by Auten (2021), Rainer (2017), and the FBI (2016). This researcher examined how churches prepare for security threats like active shooter incidents. …


Indirect Communication As A Teaching Method For Developing Transference And Capability In Taiwanese College Students, Melynie J. Tooley Feb 2024

Indirect Communication As A Teaching Method For Developing Transference And Capability In Taiwanese College Students, Melynie J. Tooley

Doctoral Dissertations and Projects

The capacity of a student to apply knowledge in new contexts involves the ability to transfer memorized knowledge to meaning, in real-world situations. However, there are conflicting views and an overall lack of research regarding how (the process) students in higher education, in Taiwan, transfer that knowledge. This is especially apparent in highly dynamic environments where knowledge is rapidly and continuously evolving, such as in the current technology arena and business industry. This research aims to explore indirect communication as a method for teachers to assist Taiwanese college students to transfer memorized facts, and thus develop capability in new contexts. …


“I Have Nothing Left To Give” A Phenomenological Study Of Secondary Traumatic Stress And Burnout In Urban School Teachers Related To The Socioeconomic Issues, Childhood Trauma, And Low Academic Performance Of Urban Students, Melissa Elizabeth Grazette Feb 2024

“I Have Nothing Left To Give” A Phenomenological Study Of Secondary Traumatic Stress And Burnout In Urban School Teachers Related To The Socioeconomic Issues, Childhood Trauma, And Low Academic Performance Of Urban Students, Melissa Elizabeth Grazette

Doctoral Dissertations and Projects

This study examines the shared experiences of secondary traumatic stress and burnout in urban schoolteachers in Washington, D.C. This study focuses on the experiences of teachers working in a low-performing school in a low-income neighborhood and working with students with trauma as it relates to their experiences with secondary traumatic stress and burnout symptoms. This study focused on the lived experiences of ten urban schoolteachers in Washington, D.C. The teacher participants served a school population of 68% at risk of negative socioeconomic barriers such as exposure to violence, poverty, drugs, and an increased likelihood of exposure to trauma. The hermeneutic …


Suicide In Black Adolescents: How Does The Relationship And Attachment Styles Impact The Grieving Experience Of Non-Custodial Black Grandmothers, Edith Marie Walton-Carter Feb 2024

Suicide In Black Adolescents: How Does The Relationship And Attachment Styles Impact The Grieving Experience Of Non-Custodial Black Grandmothers, Edith Marie Walton-Carter

Doctoral Dissertations and Projects

The purpose of this descriptive phenomenological study was to gain insight into the relationship and grief experiences of the non-custodial Black/African American grandmother(s) who have lost a grandchild by suicide. The theories guiding this study are attachment theory, psychosocial stages of development, and grief and loss. The central research questions are used to explore the attachment and relationship between the Black grandmother(s) and grandchild(ren) and whether suicide changes the grieving experience. Participants were selected through purposeful sampling. The sample size for this study includes six Black women between the ages of 48-65 who are non-custodial grandmothers and have experienced grief …


A Quantitative Study Of The Effects Of Algorithmic Recommendations On Users Of Streaming Services, Katarina Smikova Feb 2024

A Quantitative Study Of The Effects Of Algorithmic Recommendations On Users Of Streaming Services, Katarina Smikova

Doctoral Dissertations and Projects

In the ever-evolving digital landscape, the proliferation of streaming services has dramatically augmented access to television as a medium for cultural narration, facilitated by rapid technological advances. The popularity of streaming platforms has prompted companies to leverage sophisticated recommendation systems and algorithms. These tools are used to tailor content offerings based on consumer behavior analytics. However, these algorithmic recommendation systems have potential detriments, particularly their capacity to perpetuate biases and inequalities and raise concerns over consumer privacy rights. The purpose of this study was to examine the nuances in the influence of algorithmic recommendations offered by various streaming services on …


Crisis Management And Peer Support, Kevin H. Eaton Feb 2024

Crisis Management And Peer Support, Kevin H. Eaton

Doctoral Dissertations and Projects

This mixed-methods Doctor of Ministry Research Project examined peers’ roles during crisis management situations and sought to improve their knowledge, skills, readiness, and confidence during crises. Peers are often the first to see precursors of a crisis or are the first present when a crisis ensues. This was true in the ministry context of a United States Army Reserve unit. A training program was developed to equip participants on crisis precursor identification, prevention, intervention, stabilization, post-intervention, and normalization concepts and techniques. Additionally, ethical consideration, professional resources, and resiliency concepts were trained. The concepts were delivered via an online web-based platform …


The Relationship Between Social Media Use, Internet Use, And Frequency Of Pornography Habits, Chaela Hastings, Anna Miller Feb 2024

The Relationship Between Social Media Use, Internet Use, And Frequency Of Pornography Habits, Chaela Hastings, Anna Miller

Journal of Graduate Education Research

The purpose of this correlational study is to determine whether or not there is a relationship between the amount of time spent on the internet or social media sites and the frequency of pornography habits, and if gender has an effect on frequency of pornography habits. Participants were a convenience sample of 105 men and women between ages 18-24 among two universities in the Southeastern United States. Each participant completed a survey to determine time spent on internet sites, time spent on social media, and the frequency of pornography habits. An analysis of our results showed that there is not …


Collaboration As An Effective Conflict Management Technique For Maximizing Classroom Productivity, Michael Jude Denis Phd, Salamat Amos Umoh Feb 2024

Collaboration As An Effective Conflict Management Technique For Maximizing Classroom Productivity, Michael Jude Denis Phd, Salamat Amos Umoh

Journal of Graduate Education Research

The fundamental goal of the classroom is to model behaviour through interaction between students and the tutor. This cannot be achieved in a chaotic environment occasioned clash of interests and other forms of incompatibility. Hence, there is need for effective conflict management techniques applicable to the classroom environment. This research aims to study the role of collaboration as a conflict management technique in bringing about high productivity in the classroom. Using the Choice Theory by Glasser (1965), this work therefore explored the impacts that collaboration as a conflict management technique has within the classroom. The methodology used in this work …


Gender, Graduate School Stage, And The Impostor Phenomenon, John-Scott B. Kelley, Angela T. Barlow Feb 2024

Gender, Graduate School Stage, And The Impostor Phenomenon, John-Scott B. Kelley, Angela T. Barlow

Journal of Graduate Education Research

The impostor phenomenon (IP) includes five central factors: (a) a sense of fraudulence or phoniness; (b) a fear of failure and discovery; (c) compensatory perfectionism (i.e., procrastination and/or over-preparation); (d) interpersonal anxiety; and (e) externalized success and/or discounted positive feedback. After the final stage, the process starts over with reinforced vigor, creating a self-reinforcing cycle in which success is associated with psychological suffering. IP was initially used to describe the reports of high-achieving women, but recent studies have shown that IP is experienced across genders. Additionally, while graduate school is an achievement-oriented environment with many characteristics that could promote IP, …


Analisis Deskriptif Strategi Komunikasi Politik Dengan Platform Digital (Studi Pada Paslon Ganjar Pranowo Dan Mahfud Md Pada Pemilu Republik Indonesia Tahun 2024), Futihat Nurul Karimah Feb 2024

Analisis Deskriptif Strategi Komunikasi Politik Dengan Platform Digital (Studi Pada Paslon Ganjar Pranowo Dan Mahfud Md Pada Pemilu Republik Indonesia Tahun 2024), Futihat Nurul Karimah

Jurnal Sosial Humaniora Terapan

This research aims to analyze the political communication strategies carried out by the candidate pair Ganjar Pranowo and Mahfud MD through digital platforms, namely social media in the period 13-19 November 2023.

The use of social media in the digital era is becoming increasingly massive, in a political context, social media can used as a political communication medium to convey political messages. In this research, a descriptive analysis was carried out to understand the effectiveness of the political communication strategy of the Ganjar - Mahfud candidate pair, which focused on the public response to the political communication strategy carried out …


The Impact Of Social Media On Customer Behavior – Evidence From Lebanon, Nada Jabbour Al Maalouf, Jean Elia, Chadia Sawaya, Fawzy Boutros Feb 2024

The Impact Of Social Media On Customer Behavior – Evidence From Lebanon, Nada Jabbour Al Maalouf, Jean Elia, Chadia Sawaya, Fawzy Boutros

Arab Economic and Business Journal

Purpose: This study investigates the impact of social media advertising on customer behavior; specifically its impact on customer decision-making through social proof, customer perceptions of brands, and customer loyalty. No studies tackled this topic in Lebanon and this gap was the main motive behind this study.

Method: A quantitative deductive method was employed and a questionnaire was sent to Lebanese customers to achieve the objective of the study. The final sample obtained is 147.

Findings: The findings revealed a positive correlation between social media usage, customer decision-making, customer attitudes and perceptions toward brands, and customer loyalty. The study's findings …


Attitudes Of Intercollegiate Athletes Toward Transgender Individuals And Transgender Athletic Participation, Austin R. Anderson, Eric Knee, Alison Fridley Feb 2024

Attitudes Of Intercollegiate Athletes Toward Transgender Individuals And Transgender Athletic Participation, Austin R. Anderson, Eric Knee, Alison Fridley

Journal of Issues in Intercollegiate Athletics

Debate around the participation of transgender athletes in competitive sport has been increasing recently. These debates, and the discourse surrounding transgender athletes, have had wide ranging consequences, including changes to gender participation policies by sport governing bodies. While policy changes are being made, little data exists around the attitudes of athletes on the participation of transgender persons. This study explores the attitudes of intercollegiate student-athletes on transgender individuals and transgender collegiate athletic participation, using a sample of three collegiate athletic programs. Findings suggest that attitudes towards transgender persons and political ideology are significant factors in the acceptance of transgender athletic …


The Making Of Modern-Day Nil Laws: The Past, Present, And Future Of Amateurism And Commercialization In College Sport, W. Andrew Czekanski, Amanda Siegrist Feb 2024

The Making Of Modern-Day Nil Laws: The Past, Present, And Future Of Amateurism And Commercialization In College Sport, W. Andrew Czekanski, Amanda Siegrist

Journal of Issues in Intercollegiate Athletics

The purpose of this study was to increase the understanding of state laws governing collegiate student-athletes’ name, image, and likeness (NIL) rights and place the laws within the framework of the NCAA’s historic and current views on amateurism and commercialization. To accomplish such, a content analysis of the 30 existing NIL laws/executive orders was performed to identify trends in the statutes and establish what commonalities and differences exist across states. The analysis found five themes/sections common across state laws (i.e., definitions, basic NIL rules, limitations, disclosures and review processes, agent and representation rules, and required workshops). Moreover, the evaluation revealed …


Does All Work And No Play Make Me A Winner? Institutionalized Perceptions Of Hours Worked And Athletic Program Success, Matt R. Huml, Elizabeth A. Taylor, Calvin Nite, Jacob Ackermann, Elenor Ishida Feb 2024

Does All Work And No Play Make Me A Winner? Institutionalized Perceptions Of Hours Worked And Athletic Program Success, Matt R. Huml, Elizabeth A. Taylor, Calvin Nite, Jacob Ackermann, Elenor Ishida

Journal of Issues in Intercollegiate Athletics

The belief that more hours worked equate to higher levels of success has been institutionalized within sport. However, research has yet to interrogate this taken for granted notion. The current study examined the relationship between hours worked and athletic department success. Data were drawn from college coaches and athletic administrators in the United States and consisted of self-reported work hours, team postseason appearances, Directors’ Cup points, and Directors’ Cup rankings to determine if higher work hours were predictive of success. This study also examined the moderated effects of work/family conflict between gender and number of hours worked. The findings show …


Learning By Doing: College Students Promoting Children’S Philosophical Inquiry In Schools, Margaret Gichuru, Lin Lin, Mecke E. Nagel Feb 2024

Learning By Doing: College Students Promoting Children’S Philosophical Inquiry In Schools, Margaret Gichuru, Lin Lin, Mecke E. Nagel

The SUNY Journal of the Scholarship of Engagement: JoSE

This focus group study explores the perceptions and experiences of college students working within an applied learning program during the COVID-19 pandemic. The program engages children from prekindergarten to sixth grade in local schools and early childhood education centers. The college students serve as teaching assistants in the SG Program hosted by an academic department in a northeastern university and lead philosophical inquiries as they read picture books. Informed by philosophical inquiry with children and the applied learning principles as the research framework, this focus group study invites five teaching assistants to three one-hour in-depth semi-structured interviews. The analysis of …


Casar Student Debate #3: Can Solidarity Produce Mutual Benefits For The African Diaspora& Palestine Social Movements?, The Prince Alwaleed Center For American Studies And Research Casar Feb 2024

Casar Student Debate #3: Can Solidarity Produce Mutual Benefits For The African Diaspora& Palestine Social Movements?, The Prince Alwaleed Center For American Studies And Research Casar

Performances, Events, and Presentations

Every semester, CASAR AUC holds miscellaneous student debates discussing the hot controversial topics in the US, Egypt and from around the world in hopes of raising awareness about these topics & broadening the perspectives of our students as they learn to engage in fruitful discussions as they share different opinion on the topic being deliberated. At this CASAR Student Discussion event #3 in celebration of Black History Month, we watched Nelson Madela speak his mind about the topic in 1990, in which he proclaims solidarity with the Palestinian cause on behalf of the African National Congress. Then we opened the …


Ua80/1 Lifetime Membership List, W Club Feb 2024

Ua80/1 Lifetime Membership List, W Club

University Organizations

W Club lifetime membership list as of February 28, 2024.


Firm-Level Political Risk And The Cash Flow Sensitivity Of Cash, Hui Liang James, Hongxia Wang, Nilakshi Borah Feb 2024

Firm-Level Political Risk And The Cash Flow Sensitivity Of Cash, Hui Liang James, Hongxia Wang, Nilakshi Borah

Finance and Economics

We examine the impact of firm-level political risk on the cash flow sensitivity of cash. Using a large sample of U.S. firms from 2003 to 2018, we find that the cash flow sensitivity of cash decreases in political uncertainty and the impact of political risk is asymmetric to cash flow types (positive versus negative). Intensified political uncertainty induces positive/negative cash flow firms to reduce savings out of cash flows to finance investment opportunities/terminate unprofitable projects to retrieve cash. The results are robust to various model specifications, alternative variable definitions, and the control for non-political risks. In addition, we show that …