Open Access. Powered by Scholars. Published by Universities.®

Economics Commons™

Open Access. Powered by Scholars. Published by Universities.®

2018

Discipline
Institution
Keyword
Publication
Publication Type
File Type

Articles 1051 - 1080 of 1742

Full-Text Articles in Economics

دور مراقب الحسابات في تقويم اداء المصارف الخاصة وبيان مدى تعرضها للتعثر المالي من خلال تطبيق نظام Sherrod دراسة تطبيقية في عينه من المصارف الأهلية العراقية, عقيل دخيل كريم Mar 2018

دور مراقب الحسابات في تقويم اداء المصارف الخاصة وبيان مدى تعرضها للتعثر المالي من خلال تطبيق نظام Sherrod دراسة تطبيقية في عينه من المصارف الأهلية العراقية, عقيل دخيل كريم

Muthanna Journal of Administrative and Economics Sciences

تتعلم الأمم من تجاربها ومن تجارب الآخرين ومن أي عثرات تواجهها فمن هذه التجارب ينكون لديها خبرات للمستقبل ويعد تجاوز تلك العثرات منطلقاً للتقدم للأمام بكل قوة. لذا يقع على عاتق مراقبي الحسابات مسؤولية الافصاح عن مدى قدرة الوحدة الاقتصادية عن الاستمرار بمزاولة نشاطها ، والتنبؤ باحتمالات الفشل المالي للوحدة والابلاغ عن الشكوك في عدم قدرة تلك الوحدات تحت التدقيق على الاستمرار في نشاطها ، وهذا ما ركزت عليه معايير التدقيق المهنية ولهذا جاء هذا البحث متناولاً مشكلة القصور الواضح لدى مراقبي الحسابات وادارات الوحدات الاقتصادية في التزام بمسؤولياتهم اتجاه بيان قدرة الوحدة على الاستمرار وكذلك تحديد مسؤوليات مراقبي الحسابات …

Go to article

التمكين النفسي وتأثيره على السلوك الابداعي دراسة تطبيقية في مديرية بيئة القادسية, خيريه عبد فضل الخالدي Mar 2018

التمكين النفسي وتأثيره على السلوك الابداعي دراسة تطبيقية في مديرية بيئة القادسية, خيريه عبد فضل الخالدي

Muthanna Journal of Administrative and Economics Sciences

تناول هذا البحث التمكين النفسي وتأثيره على السلوك الابداعي لعينة من العاملين في مديرية بيئة القادسية . اذ يضم متغير التمكين النفسي اربعه ابعاد متمثلة بـ (المعنى , المقدرة, الاستقلالية, التأثير) ,اما متغير السلوك الابداعي فتمثل أبعاده ( توليد الافكار , ترويج الافكار , تنفيذ الافكار) , وقد اعتمد هذا البحث على المنهج التحليلي للبيانات التي جمعت من آراء عينة مكونه من (124) موظف في مديرية بيئة القادسية واختبرت فرضيات البحث باستخدام معامل الارتباط البسيط و تحليل الانحدار المتعدد وعدد من الادوات الاحصائية الاخرى الملائمة لتحقيق اهداف البحث الحالي باستخدام برنامج SPSS.v.24)). وقد أثبتت النتائج التطبيقية للبحث صحة الفرضيات التي …

Go to article

تفعيل عملية تدقيق ورقابة الاداء على مؤسسات البلديات لتحقيق التنمية المستدامة بحث تطبيقي في مديرية بلديات محافظة المثنى, وعد هادي عبد الحساني Mar 2018

تفعيل عملية تدقيق ورقابة الاداء على مؤسسات البلديات لتحقيق التنمية المستدامة بحث تطبيقي في مديرية بلديات محافظة المثنى, وعد هادي عبد الحساني

Muthanna Journal of Administrative and Economics Sciences

يهدف البحث الى معرفة ماهية التنمية المستدامة وعملية تدقيق ورقابة الاداء على المؤسسات العامة ومعايير التدقيق والرقابة التي تناولت الموضوع ، كما يهدف الى تطبيق عملية تدقيق ورقابة الاداء على عينة البحث لتحقيق التنمية المستدامة من خلال قياس اثر انشطة مؤسسات البلديات على ابعاد واهداف التنمية المستدامة ، ولقد توصل البحث الى اهم الاستنتاجات وهي عدم قيام المدقق الداخلي والمدقق الخارجي لمؤسسات البلديات في تفعيل عملية تدقيق ورقابة الاداء على انشطة البلديات لتحقيق التنمية المستدامة ، وضعف مؤسسات البلديات في اعداد وتنفيذ خطة لتحصيل ايراداتها السنوية اثر سلبا على نصيب الفرد من ( سكان الحضر ) الذي يمكن ان يحصل …

Go to article

Estimation Of Cost Efficiency Without Cost Data, Levent Kutlu, Ran Wang Mar 2018

Estimation Of Cost Efficiency Without Cost Data, Levent Kutlu, Ran Wang

School of Economics and Finance Faculty Publications

One of the advantages of conduct parameter games is that they enable estimation of market power without total cost data. In line with this, we develop a conduct parameter based model to estimate the firm specific “marginal cost efficiency” and conduct without using total cost data. The marginal cost efficiency is an alternative measure of efficiency that is based on deadweight loss. We illustrate our methodology by estimating firm-route-quarter specific conducts and marginal cost efficiencies of U.S. airlines for Chicago based routes without using route-level total cost data.

Go to article

أثر عناصر المزيج الترويجي للخدمة التأمينية في تحقيق رضا الزبون دراسة تحليلية لآراء عينه من زبائن شركة التامين الوطنية / فرع الديوانية, لقاء ميري حبيب ميري حبيب Mar 2018

أثر عناصر المزيج الترويجي للخدمة التأمينية في تحقيق رضا الزبون دراسة تحليلية لآراء عينه من زبائن شركة التامين الوطنية / فرع الديوانية, لقاء ميري حبيب ميري حبيب

Muthanna Journal of Administrative and Economics Sciences

لقد تناول البحث الحالي احد العناصر الاساسية والحيوية في العمل التسويقي لشركات التأمين من خلال استعراض احد الانشطة المهمة والمؤثرة في تحقيق اهدافها التسويقية والمتمثل بالمزيج الترويجي الذي يشمل على اربعه عناصر هي (العلاقات العامة ،البيع الشخصي ، تنشيط المبيعات ،الاعلان ) يهدف البحث الى دراسة واقع المزيج الترويجي في شركات التأمين واعتمد البحث جمع البيانات من عينه زبائن شركة التامين الوطنية / فرع الديوانية ولتحقيق هدف البحث قامت الباحثة بتوزيع استبانه أعدت لهذا الغرض على مجتمع البحث المكون من الزبون وفي ضوء ذلك جرى تحليل البيانات واختبار الفرضيات باستخدام الاساليب الاحصائية الملائمة (الاوساط الحسابية والانحرافات المعيارية والارتباط (بيرسون والانحدار) …

Go to article

تحليل السيولة ، الربحية ، الرفع المالي في ضوء ادارة المخاطر المصرفية المصرف التجاري العراقي حالة دراسية 2005 – 2015, غسان طارق ظاهر Mar 2018

تحليل السيولة ، الربحية ، الرفع المالي في ضوء ادارة المخاطر المصرفية المصرف التجاري العراقي حالة دراسية 2005 – 2015, غسان طارق ظاهر

Muthanna Journal of Administrative and Economics Sciences

تعد موضوعة السيولة والربحية والرفع المالي في ظل ادارة المخاطر المصرفية من الموضوعات التي تحظى باهتمام الاقتصاديين، من خلال البحث في طبيعة العلاقة بين تلك المتغيرات لتحقيق التوازن والموائمة في ادارة السيولة لجانبي الموجودات والمطلوبات للبنوك، فضلا عن تحقيق عنصر الأمان، وبالتالي تشكل تلك المتغيرات الأقطاب الثلاثة، والتي لا يمكن لأي بنك الاستغناء عنها، وتتلخص فكرة البحث في تحليل ادارة السيولة لجانبي الموجودات ومكوناتها فضلا عن ادارة جانب المطلوبات والذي تمثل بإجمالي القروض قصيرة الاجل، فضلا عن تحليل اثر الرفع المالي في ربحية البنك التجاري العراقي، للمدة 2005-2015، من خلال بناء نماذج قياسية للمدة موضوعة البحث، وخلصت الدراسة الى تطابق …

Go to article

إدارة المصارف الإسلامية ودورها في تحقيق التنمية الاقتصادية بعض المصارف الإسلامية العربية إنموذجاً للمدة 2006- 2013, صباح رحيم مهدي الاسدي Mar 2018

إدارة المصارف الإسلامية ودورها في تحقيق التنمية الاقتصادية بعض المصارف الإسلامية العربية إنموذجاً للمدة 2006- 2013, صباح رحيم مهدي الاسدي

Muthanna Journal of Administrative and Economics Sciences

ان الغاية من انشاء المصارف الاسلامية، هي مواجهة التحديات التي تواجه المسلمون من خلال تعاملاتهم المالية والاستثمارية، وما لها من علاقة بالمصارف التجارية، لان اغلب المعاملات التجارية تحتاج الى ايداع وسحب وأتمان مصرفي، وخوفا من الوقوع بدائرة الحرام من خلال التعاملات الربوية (التعامل بالفائدة). فجاءت فكرة انشاء المصارف الاسلامية ترسيخا لمبادئ التعاليم الاسلامية وادراكا لحجم التحديات التي تعاني منها الامة الاسلامية في مجالها الاقتصادي، لذا كان من الضروري ايجاد آلية فاعلة للتصدي لتلك التحديات، من خلال تكوين مؤسسات مصرفية تنموية هدفها الابتعاد عن التعامل بالفائدة، وفي الوقت نفسه العمل على دعم التنمية الاقتصادية والتقدم الاجتماعي للشعوب والمجتمعات الاسلامية وفقا لمبادئ …

Go to article

توظيف سلوكيات القيادة البارعة لتعزيز سلوك العمل الابداعي دراسة استطلاعية لآراء عينة من أعضاء الهيئة التدريسية في كليات جامعة القادسية, صالح عبد الرضا رشيد Mar 2018

توظيف سلوكيات القيادة البارعة لتعزيز سلوك العمل الابداعي دراسة استطلاعية لآراء عينة من أعضاء الهيئة التدريسية في كليات جامعة القادسية, صالح عبد الرضا رشيد

Muthanna Journal of Administrative and Economics Sciences

تهدف هذه الدراسة إلى التعرف على مدى تأثير سلوكيات القيادة البارعة لرؤساء الاقسام العلمية على السلوك الابداعي لأعضاء الهيأة التدريسية في كليات جامعة القادسية . وقد تم اختبار سلوكيات القيادة البارعة من خلال نوعين من السلوكيات هما السلوكيات المنفتحة والسلوكيات المنغلقة ، فيما تم اختبار السلوك الابداعي من خلال نوعين من السلوك أيضا هما السلوك الابداعي الاستكشافي ببعديه الفرعيين استكشاف الفرصة وتوليد الفكرة ، والسلوك الابداعي الاستثماري ببعديه الفرعيين الترويج للفكرة وتنفيذ الفكرة . وقد تم استطلاع آراء عينة من أعضاء الهيئة التدريسية في كليات الجامعة بلغ عدد أعضاءها (287 ) تدريسيا وتدريسية واعتمدت الدراسة الاستبانة أداة رئيسة للحصول على …

Go to article

Economic Diversity And Regional Economic Performance: A Methodological Concern From Model Uncertainty, Jing Chen Mar 2018

Economic Diversity And Regional Economic Performance: A Methodological Concern From Model Uncertainty, Jing Chen

Regional Research Institute Working Papers

Although the role of spatial dependence has been considered in studying the relationship between economic diversity and regional economic performance, the existing literature seldom mentions model uncertainty, which mainly arises from at least two sources. One source of model uncertainty is the choice of an appropriate spatial weight matrix that describes the spatial interactions between two regions, which can be specified in a variety of ways. The second source of model uncertainty is choosing a set of control variables to model the diversityperformance relationship. To overcome these limitations, a Bayesian Model Averaging (BMA) method is used to address model uncertainty …

Go to article

Jepson Forum, Flyer, Spring 2018, University Of Northern Iowa. Department Of Economics. Mar 2018

Jepson Forum, Flyer, Spring 2018, University Of Northern Iowa. Department Of Economics.

Jepson Forum

Gives the topic and the speakers for the annual Jepson Forum.

Go to article

Conference Educates, Uplifts Nebraska Women In Agriculture, Jessica J. Groskopf, Haley Apel Mar 2018

Conference Educates, Uplifts Nebraska Women In Agriculture, Jessica J. Groskopf, Haley Apel

Cornhusker Economics

Women in agriculture are business partners, owners and operators; they oversee financial and human resources and keep farms and ranches running. This was the message more than 250 women heard at the 33rd annual Nebraska Women in Agriculture Conference February 22 and 23 in Kearney.

Go to article

Ecio Model Operators Guide, Randall Jackson, Péter Járosi Mar 2018

Ecio Model Operators Guide, Randall Jackson, Péter Járosi

Regional Research Institute Resource Documents

The National Energy Technology Laboratory (NETL)/ West Virginia University (WVU) Econometric Input-Output (ECIO) model is a time-series enabled hybrid econometric input-output (IO) model that combines the capabilities of econometric modeling with the strengths of IO modeling. The model was developed and designed specifically for estimating the income and employment impacts of the development and deployment of new energy technologies over a given forecast period. The ECIO model consists of a macroeconomic econometric model of the United States (U.S.) national economy and an inter-industry model that reflects the interdependence of all the industries in the economy. These two components have three …

Go to article

Essays On Health Economics: The Impact Of Public Policy On Health And Labor Market Outcomes, Grace Ellis Arnold Mar 2018

Essays On Health Economics: The Impact Of Public Policy On Health And Labor Market Outcomes, Grace Ellis Arnold

LSU Doctoral Dissertations

In this dissertation, I present three essays in health economics that can be read independently from one another. Chapter 2 examines the long-run impact of teenage access to family planning services on young women's health and non-health outcomes. Using the state-level variation in Medicaid family planning expansions, I find that expanding access to family planning services negatively impacts teen births and has positive spillover effects with regards to education and labor outcomes. A back of the envelope calculation suggests that the benefits outweigh the costs of providing these services to teenagers. In Chapter 3, I exploit the state-time variation in …

Go to article

Improving Economic Development Incentives, Timothy J. Bartik Mar 2018

Improving Economic Development Incentives, Timothy J. Bartik

Upjohn Institute Policy and Research Briefs

No abstract provided.

Go to article

Left-Wing And Right-Wing Terrorism In The United States, Alex Rant, Paul Jones, Nathanael Robinson Mar 2018

Left-Wing And Right-Wing Terrorism In The United States, Alex Rant, Paul Jones, Nathanael Robinson

Seaver College Research And Scholarly Achievement Symposium

This paper assesses whether there is causality between Left-Wing and Right-Wing Terrorist attacks in the United States. A Vector Auto-Regressive (VAR) Model is estimated for the two variables. A Granger Causality test and Impulse Response Functions are examined to understand the relationship between the two variables. Both terrorist attacks appear to Granger Cause each other, but an analysis of the Impulse Response Functions reveals that Right-Wing Terrorism yields a stronger response from Left-Wing groups than Left-Wing terrorism does from Right-Wing groups. Nonetheless, there are strong elements of causality and response between the two groups.

Go to article

Preference Conformism: An Experiment, Enrique Fatas, Shaun P. Hargreaves Heap, David Rojo Arjona Mar 2018

Preference Conformism: An Experiment, Enrique Fatas, Shaun P. Hargreaves Heap, David Rojo Arjona

Economics Faculty Articles and Research

This paper reports on an experiment designed to test whether people’s preferences change to become more alike. Such preference conformism would be worrying for an economics that takes individual preferences as given (‘de gustibus es non disputandum’). So the test is important. But it is also difficult. People can behave alike for many reasons and the key to the design of our test, therefore, is the control of the other possible reasons for observing apparent peer effects. We find evidence of preference conformism in the aggregate and at the individual level (where there is heterogeneity). It appears also to be …

Go to article

Ireland Austerity Addiction: Challenges & Opportunities, Brendan O'Rourke, John Hogsn Mar 2018

Ireland Austerity Addiction: Challenges & Opportunities, Brendan O'Rourke, John Hogsn

Conference papers

The current hold of austerity on Irish public policy provokes a comparison with addiction. Postliberalism, the form of austerity Ireland is hooked on, brought the country to its knees. It tied the millstone of bank bailouts around Ireland’s neck, slashed its education and health spending and meant its budgets were closely supervised by the Troika of the Europe Union (EU), the International Monetary Fund and the European Central Bank from 2010-2013. Unemployment spiked and there was an exodus, particularly of young people, from the country. This was a period of national humiliation as economic sovereignty evaporated in a deal described …

Go to article

Af Corporate Exposure Assessment Strategy: Underlying Cost Behaviors And Visibility, Bradley M. Duncan Mar 2018

Af Corporate Exposure Assessment Strategy: Underlying Cost Behaviors And Visibility, Bradley M. Duncan

Theses and Dissertations

The research conducted in this thesis is an initial attempt to identify the costs associated with occupational exposure assessments within the Air Force. Using cost estimation methodologies, a cost model was created to predict the total costs of occupational hazard assessments focused on air sampling. Data was gathered from bioenvironmental engineering databases and subject matter experts for analysis. The data required extensive curation before running a mixed step-wise regression. The major cost drivers for occupational exposure assessments were identified as the sample time and pre-calibration time for conducting an air sample. The average predicted cost was $183.47 with 80% of …

Go to article

What Do Outside Directors Actually Do? Evidence From Their Voting Activities, Wonseok Choi, Monika K. Rabarison Mar 2018

What Do Outside Directors Actually Do? Evidence From Their Voting Activities, Wonseok Choi, Monika K. Rabarison

School of Economics and Finance Faculty Publications

Prior studies on the monitoring role of outside directors tend to be based on the assumption of interest differences between agents and principals and adhere to arbitrary definitions of board independence or quality. Using a unique dataset of individual outside directors’ voting activities on items proposed by managers of Korean public firms between FY2010 and FY2014, we investigate whether outside directors play an effective role in mitigating agency problems, without such assumption and arbitrary definitions. We find that outside directors can provide effective monitoring by expressing strong dissension, such as disagreeing, withdrawing their votes, or holding their votes on managers’ …

Go to article

An Analysis Of Stability Properties In Operating And Support Costs, Scott C. Hewitson Mar 2018

An Analysis Of Stability Properties In Operating And Support Costs, Scott C. Hewitson

Theses and Dissertations

Accurately predicting Operating and Support (O&S) costs is vital in the current climate of budgetary constraints. However, there is an overall lack of research in the realm of O&S which hinders cost estimator’s abilities to provide accurate sustainment estimates. This research determines when Air Force Aircraft O&S costs stabilize and to what degree. Stability is examined in three areas: total O&S costs, the six O&S cost element structures, and aircraft type. Stability results vary by category but generally is found to occur 80% of the time at approximately five years from Initial Operating Capability (IOC). The second portion of this …

Go to article

Predicting Agency Contributions For The Federal Employment Retirement System (Fers) Fund, Raymond L. Mims Ii Mar 2018

Predicting Agency Contributions For The Federal Employment Retirement System (Fers) Fund, Raymond L. Mims Ii

Theses and Dissertations

The Federal Employment Retirement System is a pension fund for federal employees and is managed by the United States Office of Personnel and Management (OPM). Each year OPM publishes an annual Civil Service Retirement and Disabilities Fund (CSRDF) report that provides information on the health of the fund. The report contains historical cash flows from income provided by contributions to the fund from employees, agencies, and the U.S. Treasury. Additionally, the report shows actuarial valuations of the total liabilities owed to all current employees and annuitants. The actuaries at OPM use their estimates to provide projections needed to maintain the …

Go to article

Air Force Officer Attrition: An Ecconometric Analysis, Jacob T. Elliot Mar 2018

Air Force Officer Attrition: An Ecconometric Analysis, Jacob T. Elliot

Theses and Dissertations

Many organizations are concerned, and struggle, with personnel management. Training personnel is expensive, so there is a high emphasis on understanding why and anticipating when individuals leave an organization. The military is no exception. Moreover, the military is strictly hierarchical and must grow all its leaders, making retention all the more vital. Intuition holds that there is a relationship between the economic environment and personnel attrition rates in the military (e.g. when the economy is bad, attrition is low). This study investigates that relationship in a more formal manner. Specifically, this study conducts an econometric analysis of U.S. Air Force …

Go to article

Phase Gate Implementation Of Project Definition Rating Index (Pdri 9f Af Milcon Project Development: A Comprehensive Analysis, Jared R. Breuker Mar 2018

Phase Gate Implementation Of Project Definition Rating Index (Pdri 9f Af Milcon Project Development: A Comprehensive Analysis, Jared R. Breuker

Theses and Dissertations

The $1.3B Air Force Military Construction (MILCON) program has shown a trend of 6% cost growth and 12% schedule growth in the construction phases of its projects. Air Force leadership has attributed this to a shortfall in the standardized processes for requirements definition and scope development. The Project Definition Rating Index (PDRI) has been in use on Air Force MILCON projects for almost a decade, but the development and approval process for these projects does not lend itself to direct PDRI implementation. 96 PDRI MILCON projects executed from 2009 to 2016 were analyzed for trends in project development implementation strategies …

Go to article

Goal Setting In The Principal-Agent Model: Weak Incentives For Strong Performance, Brice Corgnet, Joaquín Gómez-Miñambres, Roberto Hernán-González Mar 2018

Goal Setting In The Principal-Agent Model: Weak Incentives For Strong Performance, Brice Corgnet, Joaquín Gómez-Miñambres, Roberto Hernán-González

ESI Publications

We study a principal–agent framework in which principals can assign wage-irrelevant goals to agents. We find evidence that, when given the possibility to set wage-irrelevant goals, principals select incentive contracts for which pay is less responsive to agents' performance. Agents' performance is higher in the presence of goal setting despite weaker incentives. We develop a principal–agent model with reference-dependent utility that illustrates how labor contracts combining weak monetary incentives and wage-irrelevant goals can be optimal. The pervasive use of non-monetary incentives in the workplace may help account for previous empirical findings suggesting that firms rely on unexpectedly weak monetary incentives.

Go to article

Air Force Installation Contracting Agency Strategic Sourcing And Category Management Through Expenditure Profiling, James T. Okamoto Mar 2018

Air Force Installation Contracting Agency Strategic Sourcing And Category Management Through Expenditure Profiling, James T. Okamoto

Theses and Dissertations

This thesis examines an approach to characterizing various expenditure profiles for the Air Force Installation Contracting Agency’s Operations and Maintenance Appropriated Funds. Using naive, seasonal naive, trailing moving average, exponential smoothing, linear regression, and autoregressive integrated moving average (ARIMA) forecasting methods, the paper evaluates multiple error measures over one fiscal year to find the most precise model for each level of analysis. Levels of analysis included the Air Force enterprise and level 1 category levels, as well as an illustrative approach to Information and Technology spend at the level 2 subcategory, major command, and base levels. Optimal model characteristics were …

Go to article

Nebraska Monthly Economic Indicators: March 21, 2018, Eric Thompson Mar 2018

Nebraska Monthly Economic Indicators: March 21, 2018, Eric Thompson

Leading Economic Indicator Reports

The Leading Economic Indicator – Nebraska (LEI-N) 1 rose by 1.03% during February of 2018. The increase in the LEI-N, which is designed to predict economic activity six months into the future, suggests that the Nebraska economy will grow steadily through the third quarter of 2018. Solid business expectations and a strong labor market were the primary reasons for the increase in the LEI-N. Respondents to the February Survey of Nebraska Business reported plans to increase sales and employment at their businesses over the next six months. Further, there was a decline in initial claims for unemployment insurance during February, …

Go to article

Connecting Entrepreneurial Communities Conference, Charlotte Narjes Mar 2018

Connecting Entrepreneurial Communities Conference, Charlotte Narjes

Cornhusker Economics

What Is It? The Connecting Entrepreneurial Communities Conference is an opportunity to educate communities on the various tools and resources available to assist them in helping entrepreneurs grow and prosper in their communities. Presenters are found locally, regionally and from other states to share how they found success in a variety of aspects of building the entrepreneurship ecosystem.

Go to article

Equity Culture And Decent Work: The Case Of Amazon (2017), Marcy Murninghan Mar 2018

Equity Culture And Decent Work: The Case Of Amazon (2017), Marcy Murninghan

New England Journal of Public Policy

Every year, publicly traded companies hold annual meetings at which management presents a summary of the year’s accomplishments and shareholders vote on a slate of ballot issues, referred to as “proxy resolutions,” that are placed there by either management or shareholders. As in public life, in theory this form of corporate governance relies on a division of authority and checks and balances among shareholders, the board of directors, and company management. In theory, shareholders function much like registered voters, boards serve as their elected representatives, and management operates much like the executive branch to carry out the mandates accorded to …

Go to article

Managerial Incentives And Changes In Corporate Investments Following The Inception Of Credit Default Swap Trade, Hyun A. Hong, Ji Woo Ryou, Anup Srivastava Mar 2018

Managerial Incentives And Changes In Corporate Investments Following The Inception Of Credit Default Swap Trade, Hyun A. Hong, Ji Woo Ryou, Anup Srivastava

School of Economics and Finance Faculty Publications

A credit default swap (CDS) enables a lender to hedge its risk exposure on a loan given to reference client. The lender then reduces the monitoring of the client’s activities as well as aiding the distressed client. Two contrasting predictions can be made about how the borrower would respond to the altered lender-borrower relationship. (1) The borrower reduces risky investments to lower its vulnerability to financial distress. (2) The borrower pursues volatility-enhancing projects to increase the value of call options built into its shareholder investments. We find that a borrower shifts to a more conservative policy when its managers have …

Go to article

Money And Morality: Pathways Toward A Civic Stewardship Ethic (2012), Marcy Murninghan Mar 2018

Money And Morality: Pathways Toward A Civic Stewardship Ethic (2012), Marcy Murninghan

New England Journal of Public Policy

Based on a plenary presentation made at the Ninth Harvard University Forum on Islamic Finance, held at Harvard Law School in 2010, less than two years after the 2008 financial crisis, this article argues for the restoration of ethical values and civic commitments in capitalism and economic enterprise, drawing on traditional religious, theological, and philosophical principles regarding the civic moral obligations associated with building and managing wealth. The article is divided into three main parts. It begins with an overview of reform measures emanating from the financial debacle, including the Dodd-Frank Wall Street Reform and Consumer Protection Act, and an …

Go to article

First Prev Next Last