Current Search: Securities -- United States (x)
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- Title
- Security or the dole.
- Creator
- Stewart, Maxwell Slutz
- Date Issued
- 1936
- PURL
- http://purl.flvc.org/FCLA/DT/3332833
- Subject Headings
- Social security – United States.
- Format
- Document (PDF)
- Title
- Significance of Social Security.
- Creator
- Hirschfeld, Gerhard
- Abstract/Description
-
This item is part of the Political & Rights Issues & Social Movements (PRISM) digital collection, a collaborative initiative between Florida Atlantic University and University of Central Florida in the Publication of Archival, Library & Museum Materials (PALMM).
- Date Issued
- 1943
- PURL
- http://purl.flvc.org/fau/fd/FA00001711
- Subject Headings
- Social security -- United States.
- Format
- Document (PDF)
- Title
- Unemployment relief and social insurance : the Communist Party program against the capitalist program of starvation.
- Creator
- Communist Party of the United States of America
- Date Issued
- 1931
- PURL
- http://purl.flvc.org/fcla/DT/2783371
- Subject Headings
- Unemployment insurance --United States., Social security --United States.
- Format
- Document (PDF)
- Title
- Jobs and security for tomorrow.
- Creator
- Stewart, Maxwell Slutz
- Date Issued
- 1943
- PURL
- http://purl.flvc.org/FCLA/DT/3336828
- Subject Headings
- Public welfare -- United States., Social security -- United States.
- Format
- Document (PDF)
- Title
- Asset securitization by non-financial firms: motivation and market valuation.
- Creator
- Huang, Qianyun., College of Business, School of Accounting
- Abstract/Description
-
This dissertation examines several research questions relating to securitization by non-financial firms. Finance theories suggest securitization is most beneficial when there is high demand for liquidity. On the other hand, empirical studies have shown that firms engage in securitization to manage earnings. I find that liquidity demand, not the incentive for earnings management motivates securitization transactions by non-financial firms. I also evaluate whether earnings management in...
Show moreThis dissertation examines several research questions relating to securitization by non-financial firms. Finance theories suggest securitization is most beneficial when there is high demand for liquidity. On the other hand, empirical studies have shown that firms engage in securitization to manage earnings. I find that liquidity demand, not the incentive for earnings management motivates securitization transactions by non-financial firms. I also evaluate whether earnings management in securitization is indeed undesirable from a shareholder's perspective by examining the economic consequences of the practice. Because securitization creates a large infusion of cash, one way to evaluate the economic consequences of earnings management is to examine whether securitization proceeds encourage overinvestment. I find that earnings management in securitization (i.e., recording non-zero securitization income) is unrelated to firms' suboptimal) overinvestment in the post-securitization period. Thus, it appears that earning management in securitization has no negative economic consequence in terms of generating excess securitization proceeds that encourage overinvestment. I also examine the market's valuation of securitizable assets in the accrual components of earnings and the use of securitization proceeds. Because securitizable assets can be converted into cash through securitization, I test whether the market valuation reflects the source of liquidity in securitizable assets that is similar to the cash component of earnings. I find that, for securitization firms, the market valuation of securitizable assets is similar to that of the cash component of earnings., Lastly, I find some evidence supporting the assertion that firms' liquidity prior to securitization influences the market valuation on securitization proceeds retained on the balance sheet, in that the market assigns a discount to retained proceeds for firms with excess liquidity prior to securitiaztion.
Show less - Date Issued
- 2011
- PURL
- http://purl.flvc.org/FAU/3183122
- Subject Headings
- Asset-backed financing, Securities, Mortgage-backed securities, Debt financing (Corporations)
- Format
- Document (PDF)
- Title
- Delivery failure close-out: an event study on the effects of newly adopted regulation SHO amendments.
- Creator
- Scherle, Richard., Harriet L. Wilkes Honors College
- Abstract/Description
-
A generally illegal form of short selling in United States equity markets, called "naked shorting," occurs when a seller of stock sells shares that do not exist. This type of short selling has negative consequences that result from the tactic's ability to be used as a tool to artificially inflate an issuer's stock supply, which introduces significant harm to the integrity of the market's natural forces of supply and demand. Newly adopted amendments to the Securities and Exchange Commission's...
Show moreA generally illegal form of short selling in United States equity markets, called "naked shorting," occurs when a seller of stock sells shares that do not exist. This type of short selling has negative consequences that result from the tactic's ability to be used as a tool to artificially inflate an issuer's stock supply, which introduces significant harm to the integrity of the market's natural forces of supply and demand. Newly adopted amendments to the Securities and Exchange Commission's short sale governance regulation, called Regulation SHO, required the mandatory purchasing of shares by certain market participants in order for those participants to close-out previously excused delivery failures, called "grandfathered" failures. This study examines the consequences of this new regulation, in terms of share price and volume, for those few securities that had the most persistent delivery failure problems. Because the regulation mandates the purchase of shares by certain influential market participants, I examine if the stock markets of these securities exhibited unusual volatility which may be indicative of the market maker trying to cover at low cost. Using technical analysis techniques, such as volume surge detection (using moving volume averages), the performance of the target securities will be compared with appropriate benchmark indices for the purpose of detecting unusual activity. Unusual activity may be consistent with my hypothesis that market makers may encourage additional volatility to cause liquidity problems for marginal investors which forces them to sell part or all of their position. As discussed in great detail, the extra marginal shares injected into the market by the action of forced selling by these marginal investors may be used by the market makers to lower their cost of regulation compliance.
Show less - Date Issued
- 2008
- PURL
- http://purl.flvc.org/FAU/210002
- Subject Headings
- Securities industry, Investment analysis, Short selling, Capitalism, Moral and ethical aspects
- Format
- Document (PDF)
- Title
- An Analysis of Securities Fraud Class Action Lawsuits: How Overvalued Equity and Related Factors Affect the Likelihood of Dismissals and the Magnitude of Settlements.
- Creator
- Houmes, Robert, Skantz, Terrance R., Florida Atlantic University
- Abstract/Description
-
Under Rule 10b-5 of the Securities Exchange Act of 1934, investors are provided a cause of action for losses resulting from management's intentionally deceptive disclosure or non-disclosure of information. Since lawsuits are costly, managers should be motivated to avoid a securities fraud class action. Prior research argues that managers attempt to mitigate the adverse effects of class actions by preempting negative eamings surprises (Skinner 1994 ). However, this study argues that when a...
Show moreUnder Rule 10b-5 of the Securities Exchange Act of 1934, investors are provided a cause of action for losses resulting from management's intentionally deceptive disclosure or non-disclosure of information. Since lawsuits are costly, managers should be motivated to avoid a securities fraud class action. Prior research argues that managers attempt to mitigate the adverse effects of class actions by preempting negative eamings surprises (Skinner 1994 ). However, this study argues that when a firm is overvalued, managers have incentives to avoid value reducing disclosure, which may lead to the violation of securities fraud laws. I investigate this assertion by testing associations between overvalued equity and the two outcomes of a securities fraud class action: dismissals and settlements. Other relevant factors related to overvalued equity are also tested and measured. These other factors include cases where the lead plaintiff is an institution, the length of the class period, the intrinsic value of exercisable CEO in-the-money stock option holdings, and corporate governance as measured by a corporate governance score and the occurrence of a GAAP violation. Findings show that the likelihood of a non-dismissal increases when an institution is the lead plaintiff and CEOs of overvalued firms hold higher amounts of in-the-money options. In addition, results suggest that for overvalued firms, stronger governance increases the probability of a non-dismissal.
Show less - Date Issued
- 2007
- PURL
- http://purl.flvc.org/fau/fd/FA00000305
- Subject Headings
- Class actions (Civil procedure)--United States, Securities fraud--United States, Corporations--Corrupt practices--United States
- Format
- Document (PDF)
- Title
- Maternal health policy: nursing's legacy and the Social Security Act of 1935.
- Creator
- Pope, Bonnie L., Christine E. Lynn College of Nursing
- Abstract/Description
-
This study explored the work of nursing and the social influences of eugenic policies established during the Progressive Era (1890-1930) on the writing and passage of the Social Security Act of 1935. The research questions: "Did eugenic philosophy and practice influence the Social Security Act of 1935 in relation to Maternal Health Policy?" and 'What was nursing's influence on the Social Security Act of 1935?" required the social history research method. Data were evaluated with the...
Show moreThis study explored the work of nursing and the social influences of eugenic policies established during the Progressive Era (1890-1930) on the writing and passage of the Social Security Act of 1935. The research questions: "Did eugenic philosophy and practice influence the Social Security Act of 1935 in relation to Maternal Health Policy?" and 'What was nursing's influence on the Social Security Act of 1935?" required the social history research method. Data were evaluated with the conclusion that eugenic policies did influence the writing and passage of the Social Security Act. Also, that nurses, and other women, played a specific, important and constructive role in developing the Act. During the late 1800s and early 1900s prominent leaders of business, science, philanthropy, and social reform supported the eugenic agenda to assure the wellbeing of hard working "Anglo-Saxon" American citizens. Industrialization and scientific advances in medicine gave Americans the impression that the "production" of healthy, intelligent children could be controlled, efficient, and predictable. Better breeding as a means for social improvement, which fueled the eugenics movement's use of science to solve social problems through governmental involvement, had two sides. Positive eugenics increased information on health and illness prevention, and established well baby clinics; however, negative eugenics advocated controlled reproduction through sterilization of persons considered "unfit." By 1935, twenty-eight states had eugenic sterilization laws. Noted reformers during this time (Lillian Wald, Jane Addams, and Florence Kelley) worked with Presidents Theodore Roosevelt and Woodrow Wilson to establish the Federal Children's Bureau. The Bureau had a direct influence on the maternal and child health policy established by the Social Security Act of 1935., This legacy continues today in the continued fight for women and children's social and economic rights.The Social Security Act's intention, economic security for all citizens, was not realized. Sections of the Act focused on maternalistic social views and sought to maintain a patriarchal family structure. The language of the Social Security Act created barriers to benefits for the most vulnerable. In fact, it seems reasonable to conclude that institutionalized health care disparities laid their roots in America through this legislation.
Show less - Date Issued
- 2011
- PURL
- http://purl.flvc.org/FAU/3172424
- Subject Headings
- Eugenics, History, Medical policy, Nursing, Political aspects, Social security, History, Public welfare, History, Health promotion, Community health nursing
- Format
- Document (PDF)
- Title
- Essays on takeover defenses and cancellations.
- Creator
- Glegg, Charmaine A., Florida Atlantic University, Madura, Jeff
- Abstract/Description
-
This dissertation analyzes the impact of takeover defenses and cancellations in three essays: (1) The Impact of the Strength of Targets' Takeover Defense Mechanisms on Acquiring Firms; (2) The Impact of the Announcement of Shareholder-Friendly Poison Pill Provisions on Shareholder Wealth; and (3) The Relation between Short Interest Positions and Acquisition Withdrawal Announcements. The first essay examines the impact of the strength of target firms' takeover defenses on acquiring firms'...
Show moreThis dissertation analyzes the impact of takeover defenses and cancellations in three essays: (1) The Impact of the Strength of Targets' Takeover Defense Mechanisms on Acquiring Firms; (2) The Impact of the Announcement of Shareholder-Friendly Poison Pill Provisions on Shareholder Wealth; and (3) The Relation between Short Interest Positions and Acquisition Withdrawal Announcements. The first essay examines the impact of the strength of target firms' takeover defenses on acquiring firms' probability of successfully completing takeover deals, acquiring firms' takeover wealth effects, and their long-term performance. The evidence indicates that acquirers are more likely to complete takeovers if targets have weaker defenses. Additionally, acquisition announcement cumulative abnormal returns are lower for acquirers bidding on targets with stronger defenses. However, acquiring firms underperform in the long-run, which has limited relation with targets' takeover defense strengths. The second essay examines the market's reaction to announcements of the adoption of shareholder-friendly poison pills. The market's reaction is generally favorable to poison pill announcements. Cumulative abnormal returns surrounding friendly poison pill adoptions are positive and statistically significant. Additionally, adoptions of poison pills with sunset and TIDE provisions are positively and significantly related to poison pill announcement wealth effects. However, dead hand and fiduciary out provisions have significant inverse relation with poison pill announcement cumulative abnormal returns. Poison pills with chewable, no hand, and adverse persons clauses do not significantly explain cumulative abnormal returns. The cancellation study analyzes abnormal short selling interests in target firms in the month prior to the announcement of a cancelled takeover bid. Average short selling levels are 4 or 5 times higher than normal short selling levels in the month prior to the announcement of takeover bid cancellation, and are negatively related to announcement wealth effects. These initial findings imply that short sellers may be able to anticipate the negative wealth effects associated with deal failure, and hence increase short interests to benefit from target's (albeit brief) decline in value. However, further analyses point to short sellers using market-to-fundamentals strategies, and imply that increased abnormal short selling in the month prior to the announcement of cancelled takeover bids may be coincidental.
Show less - Date Issued
- 2006
- PURL
- http://purl.flvc.org/fcla/dt/12222
- Subject Headings
- Consolidation and merger of corporations--United States--Prevention, Corporate governance--United States, Tender offers (Securities)--United States, Actions and defenses--United States
- Format
- Document (PDF)
- Title
- Essays on Corporate Restructuring.
- Creator
- Harris, Oneil M., Madura, Jeff, Florida Atlantic University
- Abstract/Description
-
Corporate restructuring may be defined as the reorganization of a company with the aim of improving efficiency. This dissertation examines two corporate restructuring activities, namely (i) spinoffs and (ii) mergers and acquisitions. The first essay examines whether poison pill adoptions by impending spinoff subsidiaries is consistent with goal of shareholder wealth maximization. The main implication of my findings is that poison pills do not deter takeovers; not even in environments where...
Show moreCorporate restructuring may be defined as the reorganization of a company with the aim of improving efficiency. This dissertation examines two corporate restructuring activities, namely (i) spinoffs and (ii) mergers and acquisitions. The first essay examines whether poison pill adoptions by impending spinoff subsidiaries is consistent with goal of shareholder wealth maximization. The main implication of my findings is that poison pills do not deter takeovers; not even in environments where takeovers are more likely. Hence, poison pill adoptions may not be motivated by entrenchment. However, since managers' motives are never clear, investors react adversely to poison pill adoptions because of concerns about potential abuse of power by management. Interestingly, the evidence suggests that poison pills have a positive effect on firm value over the longterm. One possible explanation for this finding is that the potential for abuse associated with poison pills promote shareholder activism. Since activist shareholders closely monitor managers, poison pills indirectly enhance firm value. The second essay examines whether spinoff withdrawals are in response to (i) the market reaction to the initial spinoff announcement, (ii) changes in the estimated value of the unit over the spinoff interval, and (iii) changes in expected spinoff gains owing to changes in market conditions within the subsidiary's industry. It takes 7 months to complete an announced spinoff, on average, over which time industry conditions are likely to change. The main implications of my findings are that managers learn from the market and track changes in industry conditions when making spinoff decisions. It appears that managers time spinoffs for periods when the subsidiary's industry valuations are high to fetch a better price in the market for the unit. These practices are consistent with the goal of maximizing shareholders' wealth. The third essay examines whether having outside blockholders with a higher propensity to monitor managers cause variations in (i) abnormal announcement returns, (ii) proportional wealth gains, (iii) takeover premiums, and (iv) payment methods. The evidence supports the view that the types of outside blockholders that targets and bidders have, in relation to their propensity to monitor managers, affect bargaining position. Firms that have outside blockholders with higher propensities to monitor managers experience higher takeover gains because monitoring limits takeover related agency costs. Therefore, acquisitions create agency problems for minority shareholders of the target and bidder firms, when managers are not monitored.
Show less - Date Issued
- 2008
- PURL
- http://purl.flvc.org/fau/fd/FA00000303
- Subject Headings
- Poison pills (Securities)--United States, Consolidation and merger of corporations, Corporations--Sociological aspects, Corporate reorganizations--United States
- Format
- Document (PDF)
- Title
- Pre-disaster planning at Florida community colleges: a comparison of FEMA guidelines to processes and practices.
- Creator
- De Palma, TImothy J., College of Education, Department of Educational Leadership and Research Methodology
- Abstract/Description
-
The purpose of this study was to explore and describe the pre-disaster planning processes and practices used by Florida's community college administrators as of December 2008. FEMA's Building a Disaster Resistant University (DRU) model was the conceptual lens for this study. A mixed methods research design included 15 surveys completed by Florida community college business officers and six semi-structured interviews with staff most involved in pre-disaster planning. Data were compared to DRU...
Show moreThe purpose of this study was to explore and describe the pre-disaster planning processes and practices used by Florida's community college administrators as of December 2008. FEMA's Building a Disaster Resistant University (DRU) model was the conceptual lens for this study. A mixed methods research design included 15 surveys completed by Florida community college business officers and six semi-structured interviews with staff most involved in pre-disaster planning. Data were compared to DRU guidelines to establish whether processes and practices were congruent with the DRU. Six quantitative findings were reported in this study. First, 5 of 14 (35.7%) survey respondents appointed a project manager ; second, 14 of 15 respondents (93.3%) conducted a risk assessment ; third, 13 of 15 (87%) respondents reported contacting 2 to14 stakeholders; fourth, 14 of 15 (93.3%) survey respondents conducted an inventory of buildings and infrastructure assets; fifth, majority of survey respondents ( 87.7%) reported they identified mitigation goals and objectives; sixth, 8 of 14 (57.1%) respondents' president formally adopted the pre-disaster mitigation plan., Qualitative findings were, first, wide internal and external stakeholder representation was organized; second, advisory committees have no mission statement; third, one site identified hazards by consulting with stakeholders, but neither one could provide a list of hazards; fourth, sites used only half of the DRU's building inventory items; fifth, recording and mapping of infrastructure (i.e., utilities) are evolved at one site, while both sites backup administrative systems; sixth, neither site considered several hazard profile formula variables recommended by the DRU; seventh, Beta's internal and external stakeholders conduct a rigorous vetting process, which allows it to establish a prioritized list of mitigation goals and objectives; eighth, neither site uses an adequate formula for benefitcost an consultant has been hired to do so; ninth, only one participant could articulate how the mission guided mitigation action prioritization; tenth, key internal and external stakeholders adopted mitigation actions; eleventh, no plan for measuring mitigation action efficacy exists; and twelfth, mitigation action successes are communicated to internal stakeholders, but not external stakeholders making it difficult to achieve plan momentum and funding. Recommendations are provided for community college administrators.
Show less - Date Issued
- 2011
- PURL
- http://purl.flvc.org/FAU/3170599
- Subject Headings
- Emergency managment, Planning, Universities and colleges, Security measures, Universities and colleges, Safety measures
- Format
- Document (PDF)
- Title
- Employees' perception of employers' response after workplace injury.
- Creator
- Patrick, Nancy S., College of Education, Department of Educational Leadership and Research Methodology
- Abstract/Description
-
The purpose of this study was to (a) explore the lived experiences of school district employees who have sustained on-the-job injuries with specific attention to employee perceptions of employer response after injury and (b) examine whether purposeful empathetic response from the employer after workplace injury was related to changes in employee perceptions of employer response. This study included both qualitative and quantitative methods. In Phase 1, the sample for the interviews included...
Show moreThe purpose of this study was to (a) explore the lived experiences of school district employees who have sustained on-the-job injuries with specific attention to employee perceptions of employer response after injury and (b) examine whether purposeful empathetic response from the employer after workplace injury was related to changes in employee perceptions of employer response. This study included both qualitative and quantitative methods. In Phase 1, the sample for the interviews included nine workers from a large school district in South Florida who had active injury claims within two years before the study began. The Phase 1 findings were that the level of assistance and type of support received after reporting an injury varied among participants, despite working for the same employer; that the perceived response from the employer was more influential in affecting the participants' experience of workplace injury than participants' perception of the response of their coworkers; t hat the reaction from a majority of the school district employees (6 of 9) who were injured at work mirrored perceived employer response; and that more than half of the nine participants had unmet expectations of their employer with respect to how they were treated after experiencing workplace injury. In Phase 2, the 91 subjects that participated in the organizational response survey (See Appendix E and Appendix F) were employees from the same school district who were injured during an eight-week period. Data from three subscales (organizational support, return-to-work policies, and post-injury job satisfaction) on the survey instrument were compared between two groups., An experimental group received purposeful empathetic response from both the employer at the local school or department level as well as contact from the employer's Risk Management department. Analysis of variance was used to compare responses of the groups. A Bonferroni adjustment of .05/3 or .017 was applied: the result was non-significant. This finding suggests that purposeful, empathetic contact alone was not enough to significantly affect the participants' scores.
Show less - Date Issued
- 2010
- PURL
- http://purl.flvc.org/FAU/2978950
- Subject Headings
- Workers' compensation, Personnel management, Job security, Social aspects, Corporate culture, DIsability insurance claimants, Employment, Industrial accidents, Psychological aspects
- Format
- Document (PDF)
- Title
- Target stock price runup prior to acquisitions.
- Creator
- Brigida, Matthew David., College of Business, Department of Finance
- Abstract/Description
-
Information leakage before full acquisitions has been widely documented. The information leakage, and the resulting pre-bid runup in the target's stock, generally increases the total cost of the acquisition. That is, information leakage and the ensuing pre-bid runup is a gain to the target and loss to the acquirer. Herein, I first ascertain the characteristics of full acquisitions that affect the amount of information leakage. I find that if the acquirer borrows to finance the acquisition...
Show moreInformation leakage before full acquisitions has been widely documented. The information leakage, and the resulting pre-bid runup in the target's stock, generally increases the total cost of the acquisition. That is, information leakage and the ensuing pre-bid runup is a gain to the target and loss to the acquirer. Herein, I first ascertain the characteristics of full acquisitions that affect the amount of information leakage. I find that if the acquirer borrows to finance the acquisition then information leakage is greater. Further if the acquirer is foreign, if the target is a high-tech firm, and if the target has options on its stock all increase information leakage. I find hostile deals are effective in reducing information leakage. Lastly, information leakage increases in the percentage of managerial ownership. I next hypothesize that the identity and intent of partial acquirers is known to market participants before the announcement of a partial acquisition. I find that the market can anticipate whether a partial acquirer intends to fully-acquire or take an active role in the management of the target. Also, the market anticipates whether the acquirer is a private investment find or a non-financial corporation. Further, the acquirer's identity or intent is fully reflected in the target's stock price before the announcement of the partial acquisition. These results help explain why there are few partial acquisitions as precursors to full acquisitions., I next hypothesize that macroeconomic factors affect information leakage, and may serve as a signal of when to speculate on acquisitions. I find that information leakage is positively related to shocks in both expected economic conditions and financing costs, the latter signaling to speculators that acquisitions are imminent. I also find information about an imminent full acquisition is leaked earlier when there are positive shocks to economic conditions and financing costs.
Show less - Date Issued
- 2009
- PURL
- http://purl.flvc.org/FAU/368613
- Subject Headings
- Consolidation and merger of corporations, Negotiation in business, Investment analysis, Stocks, Prices, Securities industry, Corrupt practices
- 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
- The security of America's Fourth Amendment rights: a study on National Security Letters.
- Creator
- Thompson, Maria., Harriet L. Wilkes Honors College
- Abstract/Description
-
National Security Letters allow the Federal Bureau of Investigation to obtain records on individuals from corporations without prior judicial intervention or approval. Statutory changes, most significantly those resulting from the passage of the United States Patriot Act in 2001, have substantially altered the four different federal statutes from which National Security Letters originate. In creating these National Security Letters the government intended to protect its citizens from national...
Show moreNational Security Letters allow the Federal Bureau of Investigation to obtain records on individuals from corporations without prior judicial intervention or approval. Statutory changes, most significantly those resulting from the passage of the United States Patriot Act in 2001, have substantially altered the four different federal statutes from which National Security Letters originate. In creating these National Security Letters the government intended to protect its citizens from national security threats. This goal has been regarded historically as legitimate, but the legislation potentially limits rights, which raises the question of whether these letters are acceptable. Drawing on relevant case law and scholarly opinion, I argue that use of these letters is unacceptable and may render the Fourth Amendment's protection of person and property from unreasonable searches meaningless in certain federal investigations.
Show less - Date Issued
- 2008
- PURL
- http://purl.flvc.org/FAU/77696
- Subject Headings
- Privacy, Right of, National security, Law and legislation, Terrorism, Prevention, Civil rights
- Format
- Document (PDF)
- Title
- The triumph of containment: Zbigniew Brzezinski, Jimmy Carter, and the demise of defense.
- Creator
- Embrick, Kevin S., Dorothy F. Schmidt College of Arts and Letters, Department of History
- Abstract/Description
-
President Jimmy Carter's foreign policy changed significantly and progressively over the course of his four year term. What began as a liberal-internationalist approach to foreign policy ended in a traditional Cold War stalemate with the Soviet Union. There are many causes for this shift: changes in the international environment, shifting public opinion, and other domestic-political pressures. One of the most consistently undervalued causes for Carter's overall foreign policy shift was the...
Show morePresident Jimmy Carter's foreign policy changed significantly and progressively over the course of his four year term. What began as a liberal-internationalist approach to foreign policy ended in a traditional Cold War stalemate with the Soviet Union. There are many causes for this shift: changes in the international environment, shifting public opinion, and other domestic-political pressures. One of the most consistently undervalued causes for Carter's overall foreign policy shift was the personal influence of his National Security Advisor Zbigniew Brzezinski. Through a variety of advocacy pressures and framing tactics, Brzezinski was able to utilize the changes in the international system, and especially, changes within domestic-political environment to convince Carter of an extensive reformation of his foreign policy perspective and priorities.
Show less - Date Issued
- 2008
- PURL
- http://purl.flvc.org/FAU/165939
- Subject Headings
- Influence, Influence, National security, Politics and government, Foreign relations
- Format
- Document (PDF)