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ANALYSIS OF A LOCAL ECONOMY WITH AN ECONOMETRIC MODEL
Title
ANALYSIS OF A LOCAL ECONOMY WITH AN ECONOMETRIC MODEL.
Creator
OPALAT, STEPHEN E., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
Abstract/Description
The purpose of this thesis is to present an econometric model for the region of Palm Beach County. This type of economic analysis was chosen because it captures the influence of the service and trade industries as well as the simultaneous nature of other industries which dominate the local economy. The estimation results identified the construction industry as a leading indicator of economic activity in transportation, communications, utilities, finance, insurance and real estate. This...
Show moreThe purpose of this thesis is to present an econometric model for the region of Palm Beach County. This type of economic analysis was chosen because it captures the influence of the service and trade industries as well as the simultaneous nature of other industries which dominate the local economy. The estimation results identified the construction industry as a leading indicator of economic activity in transportation, communications, utilities, finance, insurance and real estate. This simultaneous structure of the model led to the application of various multipler analyses. It was found that local construction output affected gross regional product, local personal income and local total employment. National personal income was found to influence local trade which in turn affects levels of local output, employment and income.
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Date Issued
1984
PURL
http://purl.flvc.org/fcla/dt/14221
Subject Headings
Econometrics, Palm Beach County (Fla)--Economic conditions--Econometric models
Format
Document (PDF)
Consequences of real earnings management and corporate governance
Title
Consequences of real earnings management and corporate governance: evidence from cash holdings.
Creator
Greiner, Adam J., College of Business, School of Accounting
Abstract/Description
I examine the impact of real earnings management (REM) and corporate governance on cash holdings. Extant research documents an increase in both cash holdings and REM activity in recent years and shows that agency conflicts influence both the levels and valuations of cash holdings. Motivated by agency problems of REM and Jensen's (1986) arguments concerning the free cash flow problem, I investigate whether opportunistic asset sales and reductions in discretionary expenditures are associated...
Show moreI examine the impact of real earnings management (REM) and corporate governance on cash holdings. Extant research documents an increase in both cash holdings and REM activity in recent years and shows that agency conflicts influence both the levels and valuations of cash holdings. Motivated by agency problems of REM and Jensen's (1986) arguments concerning the free cash flow problem, I investigate whether opportunistic asset sales and reductions in discretionary expenditures are associated with levels and valuations of cash holdings. Prior research also shows that strong corporate governance mitigates opportunistic earnings management behavior and enhances the valuation of cash holdings. Using empirical models from prior research, I document that REM is positively associated with cash holdings, investors discount cash holdings of high REM firms, and, among high REM firms, valuations of cash holdings of weak corporate governance firms are discounted significantly lower relative to those of strong corporate governance firms. My study unites two lines of research by incorporating agency problems concerning REM with levels and valuations of cash holdings.
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Date Issued
2013
PURL
http://purl.flvc.org/fcla/dt/3360788
Subject Headings
Econometrics, Corporate governance, Corporations, Corrupt practices, Corporations, Finance, Accounting, Industrial management
Format
Document (PDF)
SPECTRAL ANALYSIS OF MONEY, INCOME AND EXPENDITURE
Title
A SPECTRAL ANALYSIS OF MONEY, INCOME AND EXPENDITURE.
Creator
BENNETT, MARIE ELAINE., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
Abstract/Description
This thesis tests whether a simple income-expenditure model is a better predictor of induced expenditure and thus income than a simple quantity theory model. A spectral analysis was performed using alternative definitions of money, income and expenditure. From the results of cross spectral analysis, it was concluded that the money supply is the better predictor of short run (8 months - 3 years) fluctuations in consumption and thus in income.
Date Issued
1973
PURL
http://purl.flvc.org/fcla/dt/13570
Subject Headings
Income, Consumption (Economics), Econometrics
Format
Document (PDF)