Business Models For Post-Crisis Information Ecosystems, 2021 University of Kentucky
Business Models For Post-Crisis Information Ecosystems, Antje Mays
Library Faculty and Staff Publications
Since early 2020, the global COVID-19 pandemic has interrupted activity across business, education, research, and communities. Public health safety precautions have forced drastic reductions in economic and educational activity, resulting in widespread economic uncertainty and sizeable budget cuts. With library budgets already declining since the 2001-2002 recession following the dotcom crash and more steeply since the 2007-2009 Great Recession spawned by the financial crash, the pandemic has accelerated trends that were already underway. Libraries’ reduced purchasing power places the information ecosystem at risk of contraction in the race to contain costs. While economic contexts and publishing forms have changed considerably ...
Do Esg Mutual Funds Deliver On Their Promises?, 2021 University of Virginia
Do Esg Mutual Funds Deliver On Their Promises?, Quinn Curtis, Jill E. Fisch, Adriana Z. Robertson
Faculty Scholarship at Penn Law
Corporations have received growing criticism for their role in climate change, perpetuating racial and gender inequality, and other pressing social issues. In response to these concerns, shareholders are increasingly focusing on environmental, social, and corporate governance (ESG) criteria in selecting investments, and asset managers are responding by offering a growing number of ESG mutual funds. The flow of assets into ESG is one of the most dramatic trends in asset management.
But are these funds giving investors what they promise? This question has attracted the attention of regulators, with the Department of Labor and the Securities and Exchange Commission (SEC ...
Application Of Garch Type Models In Forecasting Value At Risk, 2021 University of Windsor
Application Of Garch Type Models In Forecasting Value At Risk, Katayoon Naimian
Dynamic risk management requires the risk measures to adapt to information at different times, such that this dynamic framework takes into account the time consistency of risk measures interrelated at different times. The value-at-risk (VaR) is one of the most well-known downside risk measures due to its intuitive meaning and a broad range of applications in practice, however, the static version embraces more popularity. This study investigates dynamic VaR modeling using four conditional volatility forecasting models: GARCH, TGARCH, GJRGARCH, and IGARCH, and compares the forecasting output of the suggested GARCH-based volatility models. Since the predictive accuracy of Value-at-Risk (VaR) models ...
Essays In Financial Econometrics And Machine Learning, 2021 The University of Western Ontario
Essays In Financial Econometrics And Machine Learning, Fred Liu
Electronic Thesis and Dissertation Repository
Financial econometrics is a highly interdisciplinary field that integrates finance, economics, probability, statistics, and applied mathematics. Machine learning is a growing area in finance that is particularly suitable for studying problems with many variables. My thesis contains three chapters that explore financial econometrics and machine learning in the fields of asset pricing and risk management.
Chapter 2 studies the implications of the new Basel 3 regulations. In 2019, the BCBS finalized the Basel 3 regulatory regime, which changes the regulatory measure of market risk and adds new complex calculations based on liquidity and risk factors. This chapter is motivated by ...
Affordable Housing In San Francisco: A Historical Analysis Of Its Finances And Policies, 2021 The University of San Francisco
Affordable Housing In San Francisco: A Historical Analysis Of Its Finances And Policies, Ricky H. Tran
Master's Projects and Capstones
The affordable housing crisis is not new to San Francisco. As it has been made clear several times, The Bay Area continues to face a crisis of a massive wealth disparity as housing prices continue to rise as incomes for the top earners have risen dramatically since 1999. In San Francisco, rents and housing prices are one of the highest in the nation, and people are facing rent burdens, in which a large portion of their income goes to rent, as for those with low and extremely low income are facing severe rent burdens, which take up more than 50 ...
Financial Outcomes Of High Flow Nasal Cannula Use For Bronchiolitis On The General Pediatric Floor Across Children's Hospitals, 2021 Children's Mercy Kansas City
Financial Outcomes Of High Flow Nasal Cannula Use For Bronchiolitis On The General Pediatric Floor Across Children's Hospitals, Jonathan Hartley
Background: Bronchiolitis is a leading cause of hospitalization for infants and results in over 1.7 billion dollars in yearly hospital charges (Hasegawa). The use of high flow nasal cannula (HFNC) on a general pediatrics floor may reduce hospital costs and length of stay (LOS, Kalburgi). However, the financial impact of HFNC use is not welldescribed.
Objective: The primary objective are the financial outcomes of HFNC utilization on the general pediatric floor. The secondary objective included financial outcomes stratified by All Patients Refined Diagnosis Related Groups (APRDRG) severity of illness (SOI) and payor type. We hypothesize that costs outweigh reimbursement ...
Taking Stock Of Chapter 11, 2021 University of Pennsylvania Law School
Taking Stock Of Chapter 11, David A. Skeel Jr.
Faculty Scholarship at Penn Law
In this Essay, written for a symposium honoring Sam Gerdano, I offer an assessment of current Chapter 11 theory and practice. The most distinctive feature of current Chapter 11 practice is the extent to which the parties now enter into intercreditor agreements, restructuring support agreements and other actual contracts governing their rights and responsibilities. One question raised by the dramatic shift in bankruptcy practice is whether the leading normative theory of bankruptcy, the Creditors’ Bargain Theory, is now obsolete, as some scholars have suggested. The Creditors’ Bargain Theory explains bankruptcy as a solution to coordination problems that might lead to ...
The Democratization Of Finance Through The Banking Revolution And Financial Technologies In Brazil, 2021 Ouachita Baptist University
The Democratization Of Finance Through The Banking Revolution And Financial Technologies In Brazil, Joao Rodrigues
Every nation requires an adequate financial system to support the flow of funds between savers and borrowers, providing a safe and effective payment system. The Brazilian National Financial System (Sistema Financeiro Nacional - SFN) is recognized as one of the backbones of Brazilian development throughout the years, one of the explicit drivers of the ten largest world economies. Interestingly, institutions that established the country's financial system are vulnerable to structural change driven by continuous development created through new ideas, new challenges, and new opportunities.
Business Strategy And Cost Of Bank Loans, 2021 The University of Texas Rio Grande Valley
Business Strategy And Cost Of Bank Loans, Md Ruhul Amin, Abdullah Al Masum
Economics and Finance Faculty Publications and Presentations
Following Miles and Snow’s Business Strategy (BS) topology, we find that banks impose relatively higher loan spreads for the firms that follow an Innovation-Oriented Business Strategy (IOBS). We further document that IOBS is positively associated with corporate risk measures such as variances in equity returns and returns on assets. Overall, our findings suggest that banks charge a higher cost of debt in anticipation of borrowers’ payback riskiness from an IOBS.
Does Student Performance In Introductory Economics And Business Courses Impact Ets Scores?, 2021 Bryant University
Does Student Performance In Introductory Economics And Business Courses Impact Ets Scores?, Peter J. Nigro, Laura Beaudin, David C. Ketcham, Michael A. Roberto
Finance Journal Articles
This study examines the impact of economics education on student performance on the Educational Testing Service Major Field Test in Business. We demonstrate that grades in introductory microeconomics and macroeconomics courses have a positive relationship with overall exam performance as well as sub-scores in most content areas of the test. Furthermore, we use a measure of “extranormal” ability in economics and demonstrate its positive relationship to test performance. “Extranormal” ability represents the portion of course grades that cannot be explained by prior academic achievement. Finally, we show that the relationship between “extranormal” ability and exam performance is much more limited ...
An Exploration Of The Impact Of Economic Recessions On The S&P 500 And Its Sectors, 2021 University of Arkansas, Fayetteville
An Exploration Of The Impact Of Economic Recessions On The S&P 500 And Its Sectors, Weston Sizemore
Finance Undergraduate Honors Theses
The Capital Asset Pricing Model (CAPM) is a method of predicting future stock prices based on past returns. Specific areas of CAPM analysis utilize regression analysis to accomplish this goal. Historic prices and returns for a specific stock in a company, or even whole sectors of the economy, are compared with the corresponding returns for the market. There have been several historical recessions in United States history, as well as a current, ongoing recession. These recessions, along with their causes and effects, will be discussed extensively in this paper. This paper utilizes an analysis of the Capital Asset Pricing Model ...
The Impact Of Socioeconomic Status On Single Women, 2021 University of Arkansas, Fayetteville
The Impact Of Socioeconomic Status On Single Women, Catherine Martens
Marketing Undergraduate Honors Theses
Since its formation in the 1700’s, America has been home to varying degrees of discrepancies between social classes, which include assumptions inherently held within these differences. Considering the fact that America was largely built by the hands of human slaves ruled by those with political influence often landowners, social hierarchy has been intricately woven into the fabric of America’s story from the beginning. Despite the progress that has been made to create and advance equal economic opportunity, there is still a considerable lack of social mobility available for those in lower socioeconomic statuses. More specifically, the impact of ...
Bankruptcy And The Debt-Unemployment Relationship: Evidence From A Natural Experiment, 2021 University of Rhode Island
Bankruptcy And The Debt-Unemployment Relationship: Evidence From A Natural Experiment, Gina C.M. Jouaneh
Senior Honors Projects
This paper examines the effect of a change in bankruptcy law on the relationship between household debt and longer-run unemployment in the United States. In consumer bankruptcy cases, filers can be eligible for two different types of bankruptcies: Chapter 7 and Chapter 13. Chapter 7 frees filers from debt repayment by liquidating their assets and using those proceeds to pay creditors, while Chapter 13 allows filers to enter a debt repayment plan of three to five years rather than discharge debt altogether. In 2005, Congress passed the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA), which greatly increased the difficulty ...
Bankacılık Ve Finans Çalışmaları, 2021 Ankara Yildirim Beyzit University
Bankacılık Ve Finans Çalışmaları, Yuksel Akay Unvan, Barış Aksoy, Burcu Gürol, Erdem Öncü, Muhammet Özcan, Murat Erdoğan, Mahmut Sami Öztürk, Nesrin Özkan, D. Ali Kızılyalçın
Social, Humanity and Administrative Sciences
This boo, focused on the developments in the banking and finance sector
Management And Finance Studies, 2021 Van Yuzuncu Yil University
Management And Finance Studies, Faruk Kalay, Yuksel Akay Unvan, Murat Yorulmaz, Nilüfer Rüzgar, Saadet Ela Pelenk, Abdulkadir Gümüş, A. Kamal Ghafour, Cemal Aktürk, Aziza Hashi Abokor, Hasan Kurtar, Mehmet Nasih Tağ, Ezgi Baday Yildi, Melahat Batu Ağırkaya, Murat Akdağ, Ömer Selçuk Emsen, Muhammed Çubuk, Kamil Abdullah Eşidir, Orkun Demirbağ, Uğur Yozgat
Social, Humanity and Administrative Sciences
This book is a study based on the developments mentioned above. Recent developments in many areas such as organizational performance, human resource management, organizational behavior, organizational communication, innovation and competition are discussed.
The Catalytic Effect And The Imf: The Relationship Between Capital Inflows And Imf Program Characteristics, Matthew Levinson
Undergraduate Honors Theses
Interventions of the International Monetary Fund (IMF) are believed to impact external capital inflows to recipient countries, which has the potential to amplify the overall effectiveness of IMF programs. However, the true extent of this catalytic effect remains debated. While previous studies have examined the catalytic effect of the IMF at the aggregate level, this research isolates specific types of IMF programs and analyzes their relationship with specific types of financial inflows for a better understanding of the heterogeneity in program effectiveness with respect to the catalytic effect. I find that program type plays a significant role in the strength ...
Extension-Led Demonstration: Grameen Microfinance Methods And Capital Access For Low-Income Female Entrepreneurs, 2021 Iowa State University
Extension-Led Demonstration: Grameen Microfinance Methods And Capital Access For Low-Income Female Entrepreneurs, Mark A. Edelman
Journal of Extension
A nonprofit community development financial institution and Extension collaborated to conduct a demonstration project to evaluate efficacy of Grameen peer-group microfinance methodology in addressing barriers faced by low-income women entrepreneurs in a small metro area. Program performance metrics achieved by 284 culturally diverse, low-income entrepreneurs (almost all women) over 5 years included a program loan repayment rate of 99%, increased average client income, bank savings accumulation, and increased opportunities for improved credit scores. Client survey responses indicated program methods developed confidence and skills in finances, leadership, and teamwork. Extension professionals may play various roles in such endeavors.
Greenhouse Gas Emission Inefficiency Spillover Effects In European Countries, 2021 The University of Texas Rio Grande Valley
Greenhouse Gas Emission Inefficiency Spillover Effects In European Countries, Levent Kutlu, Ran Wang
Economics and Finance Faculty Publications and Presentations
In our study, we examine whether spatial spillover effects exist for greenhouse gas emission efficiency for 38 European countries between 2005 and 2014. We find that inefficiencies of other countries would lead to lower efficiency levels for a country. This negative inefficiency spillover effect goes down till 2008 then goes up till 2011, then stays relatively stable after 2011. Any strategy to reduce inefficiencies of other countries could potentially improve the efficiency levels. We find that human development index shows significant positive impact on greenhouse gas emission efficiency levels. In particular, one standard deviation increase in human development index would ...
Lessons Learned: Zachary Taylor, 2021 Yale University
Lessons Learned: Zachary Taylor, Maryann Haggerty
Journal of Financial Crises
Zachary Taylor joined the Federal Reserve Bank of New York (FRBNY) in January 2009 to lead the team responsible for managing and unwinding the central bank’s Maiden Lane II and III portfolios, which were acquired in connection with the intervention to assist American International Group (AIG). Taylor later took over responsibility for the Maiden Lane portfolio consisting of former Bear Stearns assets as well as the unwinding of the Term Asset-Backed Securities Loan Facility (TALF), another crisis-era program. All told, those portfolios amounted to more than $140 billion in residential mortgage-backed securities (RMBS), collateralized debt obligations (CDO), credit ...
Lessons Learned: Alejandro Latorre, 2021 Yale University
Lessons Learned: Alejandro Latorre, Maryann Haggerty
Journal of Financial Crises
At the time of the 2007-09 global financial crisis, Alejandro Latorre was an assistant vice president at the Federal Reserve Bank of New York (FRBNY). He was active in the bailout of American International Group (AIG) from its inception to the end, when AIG repaid its outstanding obligations to both the Federal Reserve and the U.S. Treasury. This Lessons Learned summary is based on a Feb. 26, 2020, interview. He emphasized that the views discussed here are his own, not the views of anyone else currently or previously within the Federal Reserve System or the views of his current ...