Economics Commons^™

Invisible Hurdles: Gender And Institutional Differences In The Evaluation Of Economics Papers, Fulya Ersoy, Jennifer Pate

Economics Faculty Works

How might the visibility of an author’s name and/or institutional affiliation allow bias to enter the evaluation of economics papers? We ask highly qualified journal editors to review abstracts of solo-authored papers which differ along the dimensions of gender and institution of the author. We exogenously vary whether editors observe the name and/or institution of the author. We identify positive name visibility effects for female economists and positive institution visibility effects for economists at the top institutions. Our results suggest that male economists at top institutions benefit the most from non-blind evaluations, followed by female economists (regardless of their institution).

Mandatory Schooling Of Girls Improved Their Children’S Health: Evidence From Turkey’S 1997 Education Reform, Bahadır Dursun, Resul Cesur, Inas R. Kelly

Economics Faculty Works

This study examines the impact of mandatory maternal education on child health in Turkey, where a non-trivial fraction of families restricted their daughters’ schooling due to social and cultural barriers. The analysis employs two large data sets and exploits a quasi-experiment involving an education reform that increased compulsory schooling. Results show that an increase in mother's schooling improves child health at birth (as measured by factors such as low birth weight and premature birth) and lowers child mortality. The current study on the intergenerational benefits of compulsory schooling arguably provides the strongest evidence supporting the argument that mandatory female education …

Covid-19 School Re-Openings: The Effect On Women’S Labor Force Participation, Isabella Difeo

Williams Honors College, Honors Research Projects

As schools and daycares closed in March of 2020, mothers left the labor market in droves, either completely giving up their jobs or significantly cutting back on hours in order to care for children and/or help facilitate online learning. Furthermore, fields historically dominated by women were particularly hard hit, such as education, hospitality, and retail causing many women who may not be mothers to leave the work force as well. This paper considers how women’s labor force participation has changed throughout the COVID-19 pandemic and how the re-opening of schools, in particular, has impacted women’s return to the workforce. Triple …

Microeconomic Theory, Giri Parameswaran

Economics Faculty Scholarship

This open education textbook is comprised of two parts: Analytical Methods of Economics and Intermediate Microeconomics. Each part supports courses (ECON 201 & ECON 300) in Haverford College's Economics curriculum.

Use of this work governed by a CC BY-NC license.

Borderplex Business Barometer, Volume 6, Number 1, Thomas M. Fullerton Jr., Steven L. Fullerton

Border Region Modeling Project

No abstract provided.

Highlights Of The Borderplex Economic Outlook To 2023, Thomas M. Fullerton Jr., Steven L. Fullerton

Border Region Modeling Project

No abstract provided.

ผลกระทบของการเปิดเผยข้อมูลด้านสิ่งแวดล้อม สังคม และบรรษัทภิบาล ที่มีต่อมูลค่าบริษัทที่จดทะเบียนในตลาดหลักทรัพย์แห่งประเทศไทย, พชรพล ศุขอร่าม

Chulalongkorn University Theses and Dissertations (Chula ETD)

การศึกษาในครั้งนี้มีวัตถุประสงค์เพื่อศึกษาผลกระทบของการเปิดเผยข้อมูลด้านสิ่งแวดล้อม สังคม และบรรษัทภิบาล ที่มีต่อมูลค่าบริษัท อัตราผลตอบแทนจากสินทรัพย์รวม อัตราผลตอบแทนต่อส่วนของผู้ถือหุ้น และต้นทุนเงินทุนถัวเฉลี่ยถ่วงน้ำหนักของบริษัทที่จดทะเบียนในตลาดหลักทรัพย์แห่งประเทศไทย โดยเก็บข้อมูลจากงบการเงินของบริษัทในดัชนี SET 100 ระหว่างปี พ.ศ. 2558 – 2562 รวมจำนวนทั้งสิ้น 240 กลุ่มตัวอย่าง ประกอบด้วยชุดข้อมูลของ 48 บริษัทจำนวน 5 ปี ใช้การวิเคราะห์สถิติเชิงพรรณนาและสถิติเชิงอนุมานในการวิเคราะห์ข้อมูล ผลการศึกษาพบว่า การเปิดเผยข้อมูลด้านสิ่งแวดล้อม สังคม และบรรษัทภิบาลที่เพิ่มขึ้นส่งผลกระทบให้มูลค่าบริษัทและอัตราผลตอบแทนจากสินทรัพย์รวมมีค่าเพิ่มขึ้น นอกจากนี้ยังพบว่าการเปิดเผยข้อมูลด้านสิ่งแวดล้อม สังคม และบรรษัทภิบาลที่เพิ่มขึ้น ทั้งภาพรวมและแต่ละองค์ประกอบยังส่งผลกระทบให้ต้นทุนเงินทุนถัวเฉลี่ยถ่วงน้ำหนักของบริษัทลดลง ดังนั้นผลการศึกษาในครั้งนี้จึงเป็นการสนับสนุนให้บริษัทมีการเปิดเผยข้อมูลด้านสิ่งแวดล้อม สังคม และบรรษัทภิบาลมากขึ้น เนื่องจากบริษัทที่เปิดเผยข้อมูลมักถูกมองว่ามีความรับผิดชอบต่อสังคมและสิ่งแวดล้อม ช่วยเสริมภาพลักษณ์ให้แก่บริษัทและดึงดดูนักลงทุนได้ ยิ่งไปกว่านั้น การเปิดเผยข้อมูลยังส่งผลให้บริษัทมีความเสี่ยงที่ลดลง มีอันดับความน่าเชื่อถือที่ดีขึ้นส่งผลให้ต้นทุนทางการเงินลดลง อีกนัยหนึ่งคือมีมูลค่าบริษัทที่เพิ่มขึ้น

Political Regimes, Labor Markets, And Equity In Myanmar, Ohmar Khine

Chulalongkorn University Theses and Dissertations (Chula ETD)

Myanmar’s military coup d’état on February 1, 2021 started yet another government wholly controlled by the military dictatorship that has governed the country for the past 54 of 75 years after the independence from the British Empire in 1948. This thesis research deals with the effect of the past military government on Myanmar economy. The overall goal of this thesis is to examine the impacts of the military government on occupational options relating to historical events and other factors that influenced labor markets in Myanmar and, specifically, the equality among various citizens. The first section of the thesis deals with …

Fdi Spillover Channels On Chinese Provincial Economic Growth, Yiqing Wang

Chulalongkorn University Theses and Dissertations (Chula ETD)

China has been opened to the world over several years and make great success in economic growth. Most of the previous literatures have analyzed the determinants of economic growth and the effect of FDI on economic growth in China. However, seldom of them analyze the relationship of FDI and its spillover effect on economic growth through R&D and human capital channels using provincial data. The study employs provincial panel data during period 2006-2018 to estimate the relationship of FDI, FDI spillover from R&D and human capital, R&D, and human capital on economic growth under the consideration of Special economic Zone …

Editor's Note, Marites Tiongco

DLSU Business & Economics Review

No abstract provided.

Grey Directors On Philippine Corporate Boards, Ailyn A. Shi, Evan Lance C. Li Liao, Angelo A. Unite, Michael J. Sullivan

DLSU Business & Economics Review

Independent directors on a firm’s board are theorized to enhance corporate governance by mitigating agency conflicts. However, some independent directors, referred to as grey directors, have prior relationships with managers that may hamper this role. Using data for Philippine firms, we construct a measure that categorizes independent directors as truly independent or grey, based on the 12 criteria used to define board independence as stipulated in the 2017 Philippine Corporate Governance Code. This measure is used to examine which firms are more likely to appoint grey directors and how the presence of grey directors affects firm performance. Consistent with agency …

Does Capital Adequacy Affect Bank Performance? A Comparative Study Of Select Public And Private Sector Banks In India, Shakeeb Mohammad Mir, Farooq Ahmad Shah

DLSU Business & Economics Review

Purpose – The purpose of this paper is to investigate the relationship between capital adequacy (CA) and the performance of select public and private sector banks and thereby to attain an insight of whether the capital adequacy maintenance affects bank performance differently or not based on their nature of concern.

Design/methodology/approach – The study utilized a balanced panel data set using bank level data of 37 banks indexed at Bombay stock exchange (BSE) across public and private sector for the period of 10 years (2009-2018). The study takes 370 observation into consideration (i.e.,37 banks over time frame of 10 years). …

An Experimental Study: Audit Quality Importance On Selecting A Public Accountant Firm (Paf), Ruth Samantha Hamzah, Efva Octavina Donata Gozali, -- Patmawati

DLSU Business & Economics Review

The study aims to emphasize the importance of knowledge of audit quality on Public Accountant Firm (PAF) selection for a company by employing a 2x1 factorial design between-subject. To achieve this goal, we identified differences between the experimental and control groups. The experimental group was given knowledge of audit quality, whereas the control group had no treatment during the process selection of PAF. There were 10 indicators used in term of audit quality, namely audit workload, business expertise, audit turnover, audit hours, result of employee satisfaction surveys, partner compensation, result of client satisfaction surveys, PCAOB inspection results, restatements on audit …

A Theoretical Approach In Explaining The Impact Of Remittances On The Macroeconomy: Evidence From An Overlapping Generations Model For The Philippines, John Paolo R. Rivera

DLSU Business & Economics Review

Despite the constraints posed by the coronavirus pandemic on the global movement of migrant workers, cash remittance inflows remained to be a significant component of the Philippine economy. It still comprises a significant proportion of the economy’s gross domestic product and exceeds the influx of overseas development assistance and foreign direct investments. On top of the various empirical studies discussing the effects of remittances on the macroeconomy, I took the theoretical approach in explicating its impact on the macroeconomy. Through a micro-founded macro-model overlapping generations model, I trace the effects of remittances on the path of steady-state aggregate income, capital …

Small Area Estimates Of Poverty In Region Iii, Caesar B. Cororaton, Arlene B. Inocencio, Alellie B. Sobreviñas, Emmanuel Dc. Barnedo

DLSU Business & Economics Review

Official estimates of the Philippine Statistical Authority (PSA) poverty incidence prior to 2018 are reliable up to the regional level as these are consistent with the sampling domain of the data used for estimation. Below this level, the PSA poverty estimates are unreliable because of very large sampling errors. The high level of unreliability makes the estimates less useful for poverty policy targeting. This paper addresses this concern by combining the Family Income and Expenditure Survey (FIES) and the Census of Population and Housing (CPH) data and using an increasingly accepted technique for small area estimation (SAE). We estimate the …

A Light Purse Is A Heavy Curse: A Systematic Review, Evan Lau, Suzie Adee

DLSU Business & Economics Review

The high level and rising cost in living standard conditions are affecting the individual’s and household’s savings behavior vividly in their day to day life. The general concern arises when individuals fail to address their retirement planning, problem that might affect the next generation. The need to boost financial knowledge and nurture savings behavior are essential to financial planning for retirement well-being. This current research establishes the understanding of how financial literacy influences savings habits for retirement well-being. Systematic review analysis was conducted, traced and implemented on academic databases from the period of 2006 to 2021. A total of 280 …

The Mediating Effects Of Perceived Value Between The Relationship Of Social Media Marketing And Purchase Intention, Tyron W. Yap

DLSU Business & Economics Review

The objective of this study is to test the mediating role of the dimensions of perceived value—conditional, epistemic, monetary, social, convenience, and emotional—between the relationship of social media marketing and purchase intention, in online hotel booking sites. Partial least square structural equation modeling (PLS-SEM) was employed to test all 19 hypotheses. Results revealed that social media marketing positively and significantly influences the dimensions of perceived value, as well as purchase intention. Also, convenience value and conditional value are positively and significantly related to purchase intention. In terms of the mediating effects, it was found that both convenience value and conditional …

Impact Of Cooperative Membership On Technical Efficiency And Marketing Efficiency: The Case Of Dairy Buffalo Farmers In The Philippines, Ceptryl S. Mina, Agham C. Cuevas

DLSU Business & Economics Review

Collective action by smallholder farmers through cooperative membership is regarded as one of the approaches to overcome production and marketing inefficiencies. This study investigates the impact of cooperative membership on the technical efficiency (TE) and marketing efficiency (ME) of dairy buffalo farmers in the Philippines. A total of 351 (249 cooperative members and 102 non-cooperative members) randomly selected farmers from Regions II, III, IV-A, and VII were interviewed. Using cross-sectional farm household data of dairy buffalo farmers, technical and marketing efficiencies were estimated. Linear regression with endogenous treatment was performed to determine the impact of cooperative membership on the TE …

Are Emotionally Stable Employees More Ready To Change? The Moderating Role Of Emotional Stability On The Effect Of Organizational Culture Types On Individual Readiness For Change, Aktsar Hamdi Tsalits, Gugup Kismono, Luksi Visita, Dian Eka Mayasari

DLSU Business & Economics Review

Organizational culture is suggested as a significant predictor of individual readiness for change (IRFC). However, few studies examining the effect of organizational culture types on individual readiness for change showed inconsistent results. This study aims to fill the gap, specifically by testing the moderating effect of emotional stability on the effect of perceived organizational culture types (clan and adhocracy) on individual readiness for change. We obtained 264 responses from employees who worked at the SM Company, one of the companies in Indonesia that performed a change in the company. Results of moderated regression analysis on the collected data indicate support …

Analysis Of The Influence Of Cryptocurrency Regulation On Levels Of Financial Literacy, Kieran C. Yuen

Dissertations and Theses

Using data collected by the National Financial Capability Study (NFCS), a survey by the Financial Industry Regulatory Authority (FINRA), this paper investigates the influence of passage of cryptocurrency regulation in U.S. states on levels of financial literacy. Results indicate that living in a state where cryptocurrency regulation was signed into law, a decrease was observed in the level of financial literacy. This finding supports the growing literature on factors that affect levels of financial literacy using a novel exogenous variable, cryptocurrency regulation.

The Nexus Of Climate Change, Biodiversity, And Food Security: A Brazil Case Study, Andrew M. Berger

Dissertations and Theses

What is referred to as climate change today is the rapid warming of the climate, largely from human actions, and the effects that come with that warming. One study published by the United States Department of Agriculture (USDA) in 2021 argues that, “human-induced emissions of greenhouse gases have caused increases in global average temperatures, changes in precipitation timing and intensity, rising sea levels, and many other changes.” A Food and Agriculture Organization (FAO) study found that when looking at the number of countries exposed to climate extremes in five year periods from 2000 to 2020, the number of countries “exposed …

Impact Of College Extracurricular Involvement On Entrepreneurial Outcomes, Emily Malech

CMC Senior Theses

Despite extensive inquiry, relatively little is understood about the factors which shape entrepreneurs as young adults. This paper examines the impact of college extracurricular involvement on the entrepreneurial outcomes of alumni; it considers which extracurricular activities are most strongly associated with entrepreneurship. Additionally, it explores whether the number of extracurricular activities participated in by students impacts their proclivity for entrepreneurship. It observes 219 alumni of Claremont McKenna College and uses data from the institution’s public records as well as alumni’s LinkedIn profiles. This data contains information on entrepreneurship, indicated by job titles, and five extracurricular activities. Using a probit model …

The Federal Reserve’S Qe Practices Impact On Inflation: A Comparative Analysis Of The Gfc And Covid-Eras, Robert Driscoll

CMC Senior Theses

This paper investigates and compares the effects of the Fed’s quantitative easing policies on US inflation during the Global Financial Crisis and the Covid-era up to February of 2022. As inflation continues to rise, a quantitative measurement of the Fed’s monetary policy response to recessions and its resulting effect on the price level is becoming increasingly relevant. Supporting the quantity monetary theory, I test the impact of the Fed’s increasing their total assets and securities on their balance sheet on CPI and core CPI. Using multiple time series regressions and a single lag component on the analyzed variables. The model …

How A Supply Chain Stumble Changes A Company’S Policies And Progress 20 Years Later: A Case Study Of Gap Inc., Alexandra Futterman

CMC Senior Theses

Gap Inc. is the third-largest American retailer. Founded in 1969, Gap Inc. holds four brands, Gap, Banana Republic, Old Navy and Athleta. In the late 1990s and early 2000s Gap Inc. made headlines for child labor abuses along with many other large brands. After this negative attention, Gap Inc. began developing policies and practices to combat ethical supply chain issues. These policies included a Human Rights Policy, a Code of Vendor Conduct, working conditions standards, and even capacity building programs that boarded company reaches into communities they touch. In conjunction with the policies Gap Inc. has published several social responsibility …

The Lure Of Musical Comfort: An Analysis Of How Consumer Preferences In Popular Music Change Depending On The State Of The U.S. Economy Using Billboard Hot 100, Spotify Api, & Economic Data, Lindsey A. Larson

CMC Senior Theses

This paper examines data from Spotify’s Web API for all songs that have been on the Billboard Hot 100 chart from the first chart’s release in August 1958 to May 2021 to determine the relationship between music misery and economic misery. Twelve dependent variables– duration, danceability, energy, key, acousticness, speechiness, mode, loudness, instrumentalness, liveness, valence, and tempo– are used to measure the impact of Arthur Okun’s U.S. economic misery index on each characteristic. Using 12 individual linear regressions– one for each dependent variable– I find that during times of increased economic hardship, consumers are likely to choose to listen to …

Geographic Banking Discrimination In The United States, Simon Ross Gilbert

CMC Senior Theses

Financial institutions in the United States have historically discriminated against Black Americans in a multitude of ways. One potential dynamic of unequal access that remains understudied is geographic in nature. That is, are commercial banks less likely to locate in neighborhoods with more Black people? Using a fixed effects and selection on observables model, I find that a 1 percentage point increase in an area’s Black population is related to a 0.11 decrease in the number of commercial banks in that area. This effect is localized primarily in urban areas, particularly in cities in the Mid-Atlantic, Upper Midwest, and Pacific …

Cross-Cultural Examination Of Vacation Policy On Employee Satisfaction And Happiness, Ketan D. Parekh

CMC Senior Theses

With the advent of technological advancement, entrepreneurship, and a higher emphasis on meritocracy, societies across the globe have experienced intense competition to outdo one another. This has pushed companies to place increased importance on worker productivity; large and small companies want to see their employees work harder, longer, and faster. With this increased demand for work, companies today are making sure they have suitable reward systems to ensure worker satisfaction and quality work production. However, what these reward systems look like and how they function contrast significantly across cultures, especially as it pertains to corporate leave policies. This thesis examines …

Nft-Related Companies: Token Sale Returns, Robert Liu

CMC Senior Theses

Non-fungible tokens (NFTs) have emerged as a new means of digital asset ownership and many companies are building projects that revolve around the technology. These companies are blockchain-based and raise capital for their projects through cryptocurrency token sales, which have become a new mechanism of entrepreneurial finance. In a sample of 62 NFT-related companies, I examine which company, fundraising, and token sale process characteristics are associated with the performance of 7-day and 60-day market returns after a token’s public listing. A multivariate regression analysis finds that the total amount of capital raised before a token launch has a negative relationship …

Impact Of School Closures On Female Labor Force Participation In The Covid-19 Pandemic, Shreya Shome

CMC Senior Theses

This paper examines the role of school closures in reducing the female labor force participation during the Covid-19 pandemic in the United States. While there is significant discussion on the decline of female labor force participation, this paper examines the role of school closures and lack of child care options in determining women’s decisions and ability to work. The data set includes the share school closures at each level of education, the number of schools and students in each school, the regulatory stringency indices, and the number of Covid-19 related deaths in each state on a monthly basis from January …

The Rising Power Of The Individual Investor: How Social Media Sentiments And User Activity Impact Stock Price Volatility And Trading Volume, Nandini Jayaram

CMC Senior Theses

This paper investigates the relationship between social media sentiments and user activity on the ability of online platforms like Robinhood, Reddit, and Twitter to drive volatility in stock returns and trading volume of shares. The research contributes to the existing literature by studying the potential power of social media communities to influence the stock market parameters. The dataset includes information for several stocks of daily Robinhood users, mentions in r/wallstreetbets, number of Twitter followers, as well as closing price and trading volume data. Using a fixed effects panel data model, the regressions yield statistically significant results that indicate higher WallStreetBets …