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- Title
- NEW SOURCES OF INCOME FOR ACCOUNTING ASSOCIATIONS.
- Creator
- MCGHEE, ARCHIE., Florida Atlantic University, Luing, Gary A.
- Abstract/Description
-
Accounting associations have been slower to develop non - dues income than have trade and other associations . Thirteen major accounting associations, excluding state C. P. A. societies, indicated that their rate of non-dues income varied directly with the association's membership. Only associations with less than one thousand members failed to conform to this pattern. In 1970, only the accounting associations with a 25,000 membership, or over, attained the level of non- dues income reported...
Show moreAccounting associations have been slower to develop non - dues income than have trade and other associations . Thirteen major accounting associations, excluding state C. P. A. societies, indicated that their rate of non-dues income varied directly with the association's membership. Only associations with less than one thousand members failed to conform to this pattern. In 1970, only the accounting associations with a 25,000 membership, or over, attained the level of non- dues income reported by trade and other associations in 1967. The sale of books and other publications was the greatest 1970 source of non-dues income; however , rising revenues from educational and training courses threaten this leadership position . Income from advertising and publication subscriptions increased; but advertising's taxability and the increased association scrutiny by the Internal Revenue Service may reduce emphasis in these areas. The threat of losing tax-exempt status could dempen future efforts to expand non-dues income for accounting associations .
Show less - Date Issued
- 1972
- PURL
- http://purl.flvc.org/fcla/dt/13511
- Subject Headings
- Associations, institutions, etc, Fund raising
- Format
- Document (PDF)
- Title
- Foreign Market Opportunity Analysis.
- Creator
- Sheng, Shirley Ye, Mullen, Michael R., Florida Atlantic University
- Abstract/Description
-
Foreign-market opportunity analysis is the most frequent objective of international marketing research (Czinkota and Ronkainen 2007). The importance of foreign market opportunity assessment has been well noticed by both marketing managers and scholars. However, a foreign market opportunity analysis model based on theory that goes beyond aggregate demand is still lacking. This dissertation proposes a new model by combining marketing-based Overall Market Opportunity Index (OMOI) scheme with the...
Show moreForeign-market opportunity analysis is the most frequent objective of international marketing research (Czinkota and Ronkainen 2007). The importance of foreign market opportunity assessment has been well noticed by both marketing managers and scholars. However, a foreign market opportunity analysis model based on theory that goes beyond aggregate demand is still lacking. This dissertation proposes a new model by combining marketing-based Overall Market Opportunity Index (OMOI) scheme with the economic-based gravity model of international trade. Hypotheses were tested as well as the usefulness of OMOI/Gravity Hybrid Model through three separate models with empirical analyses structured as follows. The first model extends existing screening methods by combining both OMOI and gravity models. Unlike previous studies using ad hoc or equal weights on variables, this study employs Confirmatory Factor Analysis (CF A) and weight derived from regression coefficient on each factor under study and thus gives a more realistic estimation of the potential for aggregate exports. The second model goes beyond the previous work on aggregate exports by examining data at the sector and category level. In this study, comparisons were drawn between the OMOI/Gravity Hybrid Model in three sectors (manufacturing goods exports, agricultural goods exports and service exports) and 1 0 1-digit SITC categories (SITC 0 to SITC 9). The third model moves from the OMOI/Gravity Hybrid Model to the Industry Market Opportunity Index (IMOI)/Gravity Hybrid Model. This model develops a framework that analyzes market potential for specific industries classified by 2- and 3- digit SITC.
Show less - Date Issued
- 2008
- PURL
- http://purl.flvc.org/fau/fd/FA00000613
- Subject Headings
- Export marketing, International trade--Mathematical models, International economic relations--Econometric models, Comparative advantage (International trade)--Econometric models
- Format
- Document (PDF)
- Title
- Foreign and domestic contraction: Theory and empirical tests.
- Creator
- Borde, Stephen F., Florida Atlantic University, Madura, Jeff
- Abstract/Description
-
The purpose of this study is to develop and empirically test theories on wealth effects surrounding divestiture of foreign and domestic subsidiaries by U.S. firms. Two primary research questions are addressed: (1) What are the wealth effects associated with divestiture of foreign and domestic subsidiaries? (2) How do firm-specific and macroeconomic conditions affect these wealth effects? Various methodologies are used to empirically test theories and hypotheses. Two samples of divestitures...
Show moreThe purpose of this study is to develop and empirically test theories on wealth effects surrounding divestiture of foreign and domestic subsidiaries by U.S. firms. Two primary research questions are addressed: (1) What are the wealth effects associated with divestiture of foreign and domestic subsidiaries? (2) How do firm-specific and macroeconomic conditions affect these wealth effects? Various methodologies are used to empirically test theories and hypotheses. Two samples of divestitures that occurred between 1979 and 1991 are used. One sample consists of 111 divestitures of foreign subsidiaries by U.S. firms, and the other sample consists of 148 divestitures of domestic subsidiaries by U.S. firms. The results of this study are relevant to corporate managers, investors, security analysts, and other researchers. Foreign and domestic divestitures elicit positive short-run valuation effects of about 1 and 2 percent respectively. In the long run, firms that divest foreign subsidiaries increase in value on average by about 15 percent over a 5 year post-divestiture period. Conversely, firms that divest domestic subsidiaries decrease in value on average by about 11 percent over the 5 years that follow divestiture. No significant change in firm risk is associated with foreign or domestic divestitures. Relations between short-run and long-run valuation effects in the sample of domestic divestitures are positive and significant for periods of up to 4 years after divestiture, but for foreign divestitures, such relations are not significant. This suggests that the market adjusts more slowly but seems to more accurately predict the long run impact of domestic divestitures. Large divestitures elicit large valuation effects. Financially strong firms divesting foreign subsidiaries experience less favorable valuation effects. Greater valuation effects result from divestiture of unrelated subsidiaries. Strategic divestitures elicit positive valuation effects in the short run but little unique effect in the long run. Domestic divestitures that occur because of liquidity problems elicit positive valuation effects. Larger valuation effects are associated with divestiture of foreign subsidiaries in industrial countries than in less developed countries. A strong U.S. dollar seems to have a positive influence on short-run valuation effects but no material influence on long-run valuation effects associated with foreign divestiture.
Show less - Date Issued
- 1993
- PURL
- http://purl.flvc.org/fcla/dt/12344
- Subject Headings
- Corporate divestiture, International business enterprises, Subsidiary corporations
- Format
- Document (PDF)
- Title
- Factors separating winners and losers in e-business.
- Creator
- O'Leary, Bay, Florida Atlantic University, Korgaonkar, Pradeep
- Abstract/Description
-
The rapid growth and integration of the Internet as a communication and commercial medium into our society and economy has changed both in many ways. This dissertation is an exploratory study of factors deemed significant in the context of e-business success or failure. A survey instrument is used in addition to qualitative data was gathered from in-depth interviews. Drawing upon the literature from the area of new business in brick and mortar (B&M) firms, an examination of the factors that...
Show moreThe rapid growth and integration of the Internet as a communication and commercial medium into our society and economy has changed both in many ways. This dissertation is an exploratory study of factors deemed significant in the context of e-business success or failure. A survey instrument is used in addition to qualitative data was gathered from in-depth interviews. Drawing upon the literature from the area of new business in brick and mortar (B&M) firms, an examination of the factors that lead to the success or failure of new brick and mortar businesses are examined in terms of new e business companies. Also examined in this study are the business strategies that an e-commerce site should be addressing to avoid failure factors and the types of e-business models that have been employed and have proven to be successful or destructive to an e-business. In an attempt to understand the marketing and managerial implications for the success or failure of an e-business, seven factors are included in the study which have been selected from a group of factors found to be significant in several studies on the factors leading to the success or failure of small businesses in the brick and mortar world and factors which may be considered relevant to an e-business. These are; management factors, entrepreneur factors, product/service factors, marketing factors, market factors, financial factors, and Web site design and efficiency factors.
Show less - Date Issued
- 2003
- PURL
- http://purl.flvc.org/fcla/dt/12060
- Subject Headings
- Electronic Commerce, Internet Marketing, Electronic Commerce--Management, Entrepreneurship
- Format
- Document (PDF)
- Title
- Entrepreneurial scanning behavior in new childcare ventures.
- Creator
- Leaptrott, John., Florida Atlantic University, Peterson, Mark F.
- Abstract/Description
-
This dissertation assessed two aspects of entrepreneurial scanning related to new ventures. The first was the information search and analysis these entrepreneurs performed when they made certain basic decisions necessary to start most business prior to commencement of operations. The second was the ongoing information search activities of entrepreneurs who had started childcare businesses and were managing them in their first few years of operation. In addition, this dissertation assessed the...
Show moreThis dissertation assessed two aspects of entrepreneurial scanning related to new ventures. The first was the information search and analysis these entrepreneurs performed when they made certain basic decisions necessary to start most business prior to commencement of operations. The second was the ongoing information search activities of entrepreneurs who had started childcare businesses and were managing them in their first few years of operation. In addition, this dissertation assessed the extent these scanning activities were consistent with a dual process theory of reasoning. Finally, the limitations of the study and suggested future research directions for research of entrepreneurial scanning were discussed. The results suggest an entrepreneur's scanning behavior at the start of the business may be different from scanning behavior that occurs once the business has been operating for a period of time. The need for cognition, exposure to statistical thinking and intelligence (operationalized in this study as the amount of formal education) were positively related to the kind of information search and analysis undertaken by the entrepreneur at the startup of the business that Kahneman (2003) and others describe as System 2 reasoning. The accessibility of information and the amount of formal education were positively related to scanning that was done in periods subsequent to startup by these childcare entrepreneurs. Work-family conflict was negatively related to scanning during this period.
Show less - Date Issued
- 2005
- PURL
- http://purl.flvc.org/fcla/dt/12150
- Subject Headings
- Organizational behavior, Strategic planning, Entrepreneurship, Childcare services--Management, Day care centers--Administration, New business enterprises--Management, Success in business
- Format
- Document (PDF)
- Title
- FEASIBILITY OF FARM BARGAINING AS A TOOL FOR MARKETING FARM COMMODITIES. (A CASE STUDY).
- Creator
- HANSON, LLOYD CLARENCE., Florida Atlantic University, Montgomery, James B.
- Abstract/Description
-
Some farmers believe the century-old open and competitive farm marketing system is obsolete . They would substitute price-fixing through a farm bargaining association designed to yield cost of production plus a "fair" profit to the farmer. The research done by marketing specialists and economists in most of our leading land-grant colleges indicates farm bargaining is not the panacea to greater cash returns to the farmer ... for all farm commodities. Testimony given before the House and Senate...
Show moreSome farmers believe the century-old open and competitive farm marketing system is obsolete . They would substitute price-fixing through a farm bargaining association designed to yield cost of production plus a "fair" profit to the farmer. The research done by marketing specialists and economists in most of our leading land-grant colleges indicates farm bargaining is not the panacea to greater cash returns to the farmer ... for all farm commodities. Testimony given before the House and Senate of the Ninety-Second Session of the Congress of the United States last September, October and November failed to generate the votes necessary for passage of H. R. 7597, a farm bargaining bill. Price-fixing through compulsory farm bargaining can mean higher consumer prices, substitute foods including synthetics, loss of freedom to choose with whom to do business, damaged export markets where price is critical, discrimination against non-association producers, and more federal control.
Show less - Date Issued
- 1972
- PURL
- http://purl.flvc.org/fcla/dt/13503
- Subject Headings
- Collective bargaining--Agriculture, Cooperative marketing of farm produce--United States
- Format
- Document (PDF)
- Title
- Hospital mergers in the mid 1990s: Predicting likely targets.
- Creator
- Drpic, Ingrid Giovanna., Florida Atlantic University, Manage, Neela D.
- Abstract/Description
-
Consolidation of the hospital industry is occurring at an increasing pace in the 1990s. This recent rise in mergers and acquisitions has prompted interest in what characteristics make certain hospitals good takeover targets. This study compares hospital and regional differences between 11 acquired versus 296 non-acquired hospitals in Texas one year prior to takeover in 1995. A stochastic frontier model and PROBIT model were used to determine which characteristics suggest takeover likelihood....
Show moreConsolidation of the hospital industry is occurring at an increasing pace in the 1990s. This recent rise in mergers and acquisitions has prompted interest in what characteristics make certain hospitals good takeover targets. This study compares hospital and regional differences between 11 acquired versus 296 non-acquired hospitals in Texas one year prior to takeover in 1995. A stochastic frontier model and PROBIT model were used to determine which characteristics suggest takeover likelihood. The findings indicate that inefficiency is highly significant in predicting which hospitals make good takeover candidates. Hospitals in counties with large populations and with a large senior citizen community are also significant indicators of potential acquisition. The results suggest that these acquisitions are a market mechanism for disciplining inefficient hospitals.
Show less - Date Issued
- 1997
- PURL
- http://purl.flvc.org/fcla/dt/15492
- Subject Headings
- Hospital mergers, Hospital mergers--United States, Hospitals--Administration
- Format
- Document (PDF)
- Title
- How Perceptions of Justice, Children's Lifestyle Satisfaction, and Several Turnover Outcomes Relate to Repatriate and Spouse/Partner Compensation and Lifestyle Satisfaction.
- Creator
- Thomason, Stephanie J., Peterson, Mark F., Florida Atlantic University
- Abstract/Description
-
This dissertation analyzes how the reactions of repatriates and spouses/partners about their new lifestyle and compensation package upon repatriation relate to several repatriate turnover outcomes. U.S.-based multinational organizations often provide global assignees with an extensive benefit package, including such items as housing allowances, foreign-service premiums, tuition for international schools, and club memberships. Once the assignment is over, these additional benefits are...
Show moreThis dissertation analyzes how the reactions of repatriates and spouses/partners about their new lifestyle and compensation package upon repatriation relate to several repatriate turnover outcomes. U.S.-based multinational organizations often provide global assignees with an extensive benefit package, including such items as housing allowances, foreign-service premiums, tuition for international schools, and club memberships. Once the assignment is over, these additional benefits are necessarily terminated. Results of a qualitative analysis of 14 semi-structured interviews and a quantitative analysis of 37 U.S. repatriated executives and 34 spouses/partners of repatriated executives suggest that repatriate perceptions of distributive justice positively relate to all facets of pay satisfaction (i.e. pay level, pay raise, benefits, and pay structure and administration satisfaction), while procedural justice relates positively to pay structure and administration satisfaction. Overall pay satisfaction, in turn, positively relates to the intentions to increase one's investment in company-specific skills. Repatriate and spouse/partner attitudes about the changes in benefits they encounter upon repatriation are predicted by their children's satisfaction with their new lifestyle. Furthermore, some evidence suggests support for the proposition that overall pay satisfaction and benefit change satisfaction of repatriates and spouses/partners negatively relate to the actual turnover of repatriates. The implications drawn from this dissertation inform theories of social status, spillover, equity, and expatriate adjustment. Multinational organizations employing expatriates may additionally consider the practical implications useful when establishing compensation packages and repatriation programs for international assignees.
Show less - Date Issued
- 2007
- PURL
- http://purl.flvc.org/fau/fd/FA00000616
- Subject Headings
- International business enterprises--Personnel management, Employment in foreign countries, Compensation management
- Format
- Document (PDF)
- Title
- Human capital and endogenous growth.
- Creator
- Stewart, John Richard., Florida Atlantic University, Yuhn, Ky-hyang
- Abstract/Description
-
Using both exogenous and endogenous theory, this paper develops a synthesized model treating human capital as an endogenous contributor to long run economic growth. Human capital is assumed to be the basis of such growth, therefore, the focus is not on technological change per se. Through empirical analysis, human capital is measured by knowledge, and that the accumulation of knowledge, or specialization, is determined through an incentive system. The incentive system, in turn, is determined...
Show moreUsing both exogenous and endogenous theory, this paper develops a synthesized model treating human capital as an endogenous contributor to long run economic growth. Human capital is assumed to be the basis of such growth, therefore, the focus is not on technological change per se. Through empirical analysis, human capital is measured by knowledge, and that the accumulation of knowledge, or specialization, is determined through an incentive system. The incentive system, in turn, is determined by the difference in wages paid to certain types of knowledge, those being a general level and a specialized level of knowledge. It is assumed that the learning process can take place at any time, therefore, the specialization process is not limited to an academic environment. A spillover effect associated with specialized knowledge provides for increasing returns to scale in the model, which is also supported by empirical data.
Show less - Date Issued
- 1999
- PURL
- http://purl.flvc.org/fcla/dt/15659
- Subject Headings
- Human capital, Economic development
- Format
- Document (PDF)
- Title
- AN INVESTIGATION INTO THE USE OF THE INSTRUCTION SET OF THE IBM SERIES/1 COMPUTER.
- Creator
- KELLY, NORMAN HOWARD., Florida Atlantic University, Coulter, Neal S.
- Abstract/Description
-
This investigation consisted of analyzing the source code of one of the IBM Series/1's operating systems, the Event Driven Executive, and one of its Application Program Products, the Multiple Terminal Monitor, for combinations of existing hardware mnemonic instructions. Such instructions could possibly be vertically migrated into new single mnemonic hardware instructions, thus improving system performance. Two pairs of instructions were found which seem to be strong candidates for such...
Show moreThis investigation consisted of analyzing the source code of one of the IBM Series/1's operating systems, the Event Driven Executive, and one of its Application Program Products, the Multiple Terminal Monitor, for combinations of existing hardware mnemonic instructions. Such instructions could possibly be vertically migrated into new single mnemonic hardware instructions, thus improving system performance. Two pairs of instructions were found which seem to be strong candidates for such vertical migration. Many instructions available on the Series/1 were not used in any of the modules examined. This suggests that some hardware instructions could be eliminated.
Show less - Date Issued
- 1983
- PURL
- http://purl.flvc.org/fcla/dt/14155
- Subject Headings
- IBM Series/1 (Computer)
- Format
- Document (PDF)
- Title
- AN INVESTIGATION OF CONSUMER CREDIT PROBLEMS IN THE GREATER COLUMBIA SOUTH CAROLINA METROPOLITAN AREA.
- Creator
- HARMS, ROY CARL., Florida Atlantic University, Abbott, Jarold G.
- Abstract/Description
-
This was prepared as the thesis required for the Master of Business Administration degree. A direct mail questionnaire was used with selected groups of local credit grantors to ascertain their credit granting procedures and their delinquency and loss experience. Delinquency and loss factors were utilized as the distinguishing criteria of credit problem areas. Significant problems were found to exist in the areas of over extension, non-availability of credit, and the delinquency and loss...
Show moreThis was prepared as the thesis required for the Master of Business Administration degree. A direct mail questionnaire was used with selected groups of local credit grantors to ascertain their credit granting procedures and their delinquency and loss experience. Delinquency and loss factors were utilized as the distinguishing criteria of credit problem areas. Significant problems were found to exist in the areas of over extension, non-availability of credit, and the delinquency and loss factors of retail credit grantors.
Show less - Date Issued
- 1973
- PURL
- http://purl.flvc.org/fcla/dt/13588
- Subject Headings
- Consumer credit--South Carolina
- Format
- Document (PDF)
- Title
- AN INVESTIGATION OF THE MULTIPLE ASSOCIATION MANAGEMENT FIRM AS AN EFFECTIVE AND ECONOMIC ALTERNATIVE SOURCE OF MANAGEMENT FOR THE SMALLER VOLUNTARY MEMBERSHIP ORGANIZATION.
- Creator
- MACMILLAN, WILLIAM LEEDOM, III., Florida Atlantic University, Stroh, Thomas F.
- Abstract/Description
-
Very little has been written about multiple association management companies and how they serve voluntary membership organizations. A direct mail questionnaire was used to ascertain organization structure, size and income, services provided, and management method. A second questionnaire was sent to every identifiable multiple association management firm to determine experience of the firm and its principals, structure and income of voluntary organizations managed by these firms, whether or...
Show moreVery little has been written about multiple association management companies and how they serve voluntary membership organizations. A direct mail questionnaire was used to ascertain organization structure, size and income, services provided, and management method. A second questionnaire was sent to every identifiable multiple association management firm to determine experience of the firm and its principals, structure and income of voluntary organizations managed by these firms, whether or not these firms experienced an increase in the number of voluntary organizations managed and in the size of the firm, services they provide to voluntary organizations, and how their client voluntary organizations were previously managed. Secondary research consisted primarily of material published in association trade journals. Multiple association management firms were found to be increasing both in size and number, and more voluntary organizations appear to be selecting this form of management; the primary reasons for this selection are professionalism and cost.
Show less - Date Issued
- 1973
- PURL
- http://purl.flvc.org/fcla/dt/13589
- Subject Headings
- Management--Research, Associations, institutions, etc
- Format
- Document (PDF)
- Title
- AN INVESTIGATION OF THE ROLE OF ASSOCIATIONS IN NEGOTIATING, SPONSORING AND MARKETING INSURANCE PROGRAMS ON BEHALF OF THEIR MEMBERS.
- Creator
- WALLACE, JAMES D., Florida Atlantic University, Hersker, Barry J.
- Abstract/Description
-
This is an examination of the changing role trade and professional associations are assuming with regard to member insurance programs . Extensive background in insurance is not required to study the material discussed. Results of a primary survey of association insurance programs is reported and evaluated. Legal and social factors affecting association group programs are appraised.
- Date Issued
- 1973
- PURL
- http://purl.flvc.org/fcla/dt/13584
- Subject Headings
- Group insurance, Insurance policies
- Format
- Document (PDF)
- Title
- IBM PC AT FILE SYSTEM PERFORMANCE EVALUATION.
- Creator
- PHILLIPS, DEBRA ANN., Florida Atlantic University, Coulter, Neal S.
- Abstract/Description
-
This thesis gives an evaluation of DOS 3.2 file system performance in the current IBM PC AT environment, and it presents a survey of alternative file system and high density storage integration strategies. The current file system is evaluated to determine the nature of its algorithms and structures. In particular, the file system is examined from a disk access perspective and from the perspective of alternative disk and file management strategies used in UNIX*2 file systems.
- Date Issued
- 1987
- PURL
- http://purl.flvc.org/fcla/dt/14379
- Subject Headings
- IBM Personal Computer, File organization (Computer science)
- Format
- Document (PDF)
- Title
- Penny stock IPOs as investments.
- Creator
- Konku, Daniel K., Florida Atlantic University, Wiley, Marilyn
- Abstract/Description
-
Researchers of Initial Public Offerings, IPOs, have, traditionally, filtered out low-priced stocks with cut-off prices depending on individual study. This study examines underpricing, short- and long-run performance of one special class of such low-priced stocks. I examine IPOs filed for and issued as Penny Stocks, as defined by the amended SEC Act of 1990. The study finds average first-day excess returns of 128% over a benchmark NASDAQ Decile 1 Index. The excess returns on nonpenny IPOs...
Show moreResearchers of Initial Public Offerings, IPOs, have, traditionally, filtered out low-priced stocks with cut-off prices depending on individual study. This study examines underpricing, short- and long-run performance of one special class of such low-priced stocks. I examine IPOs filed for and issued as Penny Stocks, as defined by the amended SEC Act of 1990. The study finds average first-day excess returns of 128% over a benchmark NASDAQ Decile 1 Index. The excess returns on nonpenny IPOs issued on the same markets as the penny stocks are 7.6% over the S&P 500 Index. Cross-sectional analyses show that lower-priced penny stocks and stocks of smaller firms are more highly underpriced. Consistent with the information asymmetry hypothesis, penny stocks that were issued on the pink sheets are more highly underpriced than those on the more exposed and more regulated environments of the NASDAQ Small Capitalization markets and the OTC markets. The short- and long-run performance analyses show that, in general, penny stocks have a high performance of between 18% to 20% raw returns in the first year of issue but that declines sharply after a 13-month period. I find an 11-month optimal holding period over which an investor could maximize his returns in a portfolio of penny stocks. I further show that a passive buy-and-hold investment in penny stocks held longer than this optimal period can be a poor investment but an actively-managed penny-stock portfolio can outperform comparable benchmark portfolios of various market indexes on both raw and risk-adjusted basis. Penny stock issuers have shifted from public issues to private placement since 2001. I examine the return to investors in these private issues during the lockup period or until those issues eventually end up in the public domain. The average annualized return to investors during the lockup period is 229%, with only 5% of those issues recording negative returns. Investors who bought these stocks immediately after the lockup period, however, experience an 11% drop in value but the trend reversed after about 10 months, indicating a better long-run performance than those initially issued on the public markets. I examine the effect of the Penny Stock Reform Act (1990) on the number of sanctions that were imposed on the penny stock issuers. The policy intervention analysis shows that the number of sanctions dropped by 9% in the immediate aftermath of the enactment of the Act but increased significantly by nearly 4.7% per quarter thereafter.
Show less - Date Issued
- 2006
- PURL
- http://purl.flvc.org/fcla/dt/12223
- Subject Headings
- Going public (Securities)--Law and legislation--United States, Portfolio management, Penny stocks--Rate of return, Investment analysis
- Format
- Document (PDF)
- Title
- A PROFILE OF THE LEADERSHIP OF TEXAS MOTOR TRANSPORTATION ASSOCIATION, INC.
- Creator
- TOWNSEND, TERRY., Florida Atlantic University, Preston, Paul
- Abstract/Description
-
This thesis is a study of the profiles of chief executives of motor truck and bus companies and allied industry companies who are members of their state association, the Texas Motor Transportation Association, Inc. The profiles were obtained from questionnaires received from 250 responding member chief executives out of the total membership of 921. From what was learned in a review of the questionnaires, characteristics were determined for each discipline of operation and for the entire...
Show moreThis thesis is a study of the profiles of chief executives of motor truck and bus companies and allied industry companies who are members of their state association, the Texas Motor Transportation Association, Inc. The profiles were obtained from questionnaires received from 250 responding member chief executives out of the total membership of 921. From what was learned in a review of the questionnaires, characteristics were determined for each discipline of operation and for the entire association leadership. These indicated the makeup of the leadership, their interest areas in the association, and what they perceived to be the future needs of the industry. The conclusion emerged that such a profile can be an appropriate management tool for both the association and the individual members of the association.
Show less - Date Issued
- 1976
- PURL
- http://purl.flvc.org/fcla/dt/13763
- Subject Headings
- Texas Motor Transportation Association--History, Trucking--Texas--Societies, etc
- Format
- Document (PDF)
- Title
- On the interaction between the investment and financing decision: An extension and empirical test of the Williamson specificity hypothesis.
- Creator
- Cushing, Woodrow Wilson, Jr., Florida Atlantic University, McCarty, Daniel E.
- Abstract/Description
-
This dissertation has a twofold objective: to extend the Williamson asset specificity hypothesis and to empirically test both the asset specificity hypothesis and the extension. The Williamson asset specificity hypothesis asserts that the financial leverage used by firms is a function of the specificity of the assets owned by the firm when asset specificity is defined as the readiness with which assets can be re-deployed. This results from a governance argument whereby highly specific assets...
Show moreThis dissertation has a twofold objective: to extend the Williamson asset specificity hypothesis and to empirically test both the asset specificity hypothesis and the extension. The Williamson asset specificity hypothesis asserts that the financial leverage used by firms is a function of the specificity of the assets owned by the firm when asset specificity is defined as the readiness with which assets can be re-deployed. This results from a governance argument whereby highly specific assets can only be governed by increased equity participation. This argument is extended with the assertion that increased specificity causes operating leverage to rise and that firms counter this increased operating leverage by decreasing the financial leverage they employ. Liquidation value is employed as a proxy measure for how readily assets can be converted to cash. Data was gathered for a sample of firms who have liquidated and include firms liquidated in bankruptcy and firms liquidated voluntarily. Using these data a model is developed to estimate the liquidation value of any firm. A cross-sectional time-series formulation is employed using data gathered for thirty-six firms over a twenty-two year period. A statistically significant positive relationship was found to exist between the estimated liquidation value and financial leverage which supports the Williamson asset specificity hypothesis. Neither the cross-sectional nor time series behavior of firms provides evidence of a trade-off between interest tax shields and non-debt tax shields. No significant relationship was found to exist between the value of the non-debt tax shield and financial leverage. No evidence was found indicating a relationship between operating leverage of firms and financial leverage. However, evidence was found that firms with higher percentage changes in sales from year to year, lower probabilities of failure, higher levels of financial slack, and lower values for interest tax shields use less financial leverage. Finally, evidence was found indicating that firms employed more financial leverage in the 1980's than in the 1970's.
Show less - Date Issued
- 1993
- PURL
- http://purl.flvc.org/fcla/dt/12343
- Subject Headings
- Transaction costs, Asset-backed financing, Corporations--Finance--Decision making
- Format
- Document (PDF)
- Title
- The Occupational Safety and Health Act of 1970: Its Genesis, Implementation and Impact (Including a Case Study of the Texas Gulf Coast Petrochemical Industry).
- Creator
- Anderson, Bruce McDonald, Florida Atlantic University, Zimmerer, Thomas W.
- Abstract/Description
-
This thesis reviews the historical background, legislative history, implementation and impact of the Occupational Safety and Health Act of 1970. A study was conducted to determine the impact of the Act on forty-five petrochemical plants located in the Texas Gulf Coast Region. Factors surveyed included costs associated with compliance with the Act, staffing, union and employee relations, safety standards, compliance activities and Federal inspections.
- Date Issued
- 1974
- PURL
- http://purl.flvc.org/fcla/dt/13620
- Subject Headings
- Industrial safety--Law and legislation--United States, Industrial hygiene--Law and legislation--United States, Petroleum products
- Format
- Document (PDF)
- Title
- On financing with convertible debt over the last two decades.
- Creator
- Rotaru, Camelia S., Florida Atlantic University, McDaniel, William R.
- Abstract/Description
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Despite extensive research, the rationale behind firms' decision to issue convertible debt is still unknown. On average, results indicate that the market reacts more negatively to new convertible debt issues of companies with higher cash ratios. Hence, I test whether convertible issuers are companies with limited access to the debt and equity markets. I find that pre-1990 issuers have a propensity to accumulate cash out of their cash flows prior to the convertible debt issue. Moreover, I...
Show moreDespite extensive research, the rationale behind firms' decision to issue convertible debt is still unknown. On average, results indicate that the market reacts more negatively to new convertible debt issues of companies with higher cash ratios. Hence, I test whether convertible issuers are companies with limited access to the debt and equity markets. I find that pre-1990 issuers have a propensity to accumulate cash out of their cash flows prior to the convertible debt issue. Moreover, I provide strong evidence that convertible issuers substitute cash for both short-term debt and non-cash net working capital. I also test the pricing of new convertible debt securities at issue. I use a 100-step trinomial tree and find that convertible bonds are issued at an average discount 4.84 from their fair market value. Although the discount appears to be slightly higher in the pre-1990 period than the post-1990 period, the difference is not statistically significant. I also test for the determinants of the degree of underpricing of new convertible debt securities. I find that longer maturity issues and issues with higher coupon rates are more underpriced in the pre-1990 period. I attribute this finding to the poor stock and bond markets of the early and mid 1980s, which caused investors to become weary about long-term fixed income instruments. I find that longer maturity issues are less underpriced in the post-1990 period. This is probably because the value of the conversion option increases with maturity. Furthermore, it appears that issues with higher coupon rates and lower conversion premiums are less underpriced. I attribute this finding to investors being more informed in the post-1990 period and, therefore, less willing to accept higher conversion premiums. I also show that cash redemptions of convertible debt securities are not associated with a negative market reaction, even though forced conversions result in an abnormal negative return at the time of the announcement. Contrary to previous arguments by Stein (1992) and Moody's, I find no evidence that companies force conversion of their securities in order to avoid future bankruptcy.
Show less - Date Issued
- 2005
- PURL
- http://purl.flvc.org/fau/fd/FADT12129
- Subject Headings
- Convertible Preferred Stocks, Corporations--Finance, Option (Contract), Convertible Securities
- Format
- Document (PDF)
- Title
- Offshoring and wage convergence.
- Creator
- Brigida, Matthew David., Florida Atlantic University, Yuhn, Ky-hyang
- Abstract/Description
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The recent advances in communication technology are changing the structure of the labor market in the United States. Jobs, which previously had to be done in the United States, can now be done offshore and thus American companies can take advantage of the wage differentials between countries. To see the potential effects that such a structural change may have on economic growth, we first examine the 19th century convergence between Europe and the New World countries. Thereafter we introduce a...
Show moreThe recent advances in communication technology are changing the structure of the labor market in the United States. Jobs, which previously had to be done in the United States, can now be done offshore and thus American companies can take advantage of the wage differentials between countries. To see the potential effects that such a structural change may have on economic growth, we first examine the 19th century convergence between Europe and the New World countries. Thereafter we introduce a model of economic growth that will take into account a particular aspect of present day offshoring. Many of the workers being brought into the United States labor market are highly skilled. After this, we introduce Skill-Biased Technological Change and look at how it may be affected by offshoring.
Show less - Date Issued
- 2004
- PURL
- http://purl.flvc.org/fcla/dt/13125
- Subject Headings
- Convergence--19th century, Wages--Effect of technological innovations on, Human capital--Econometric models, Labor supply--Effect of technological innovations on
- Format
- Document (PDF)