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Title: THE CAPITAL ASSET PRICING MODEL.
Creator: Ayala, Mary D., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
Abstract/Description: This thesis reviews the majot' literature associated with the Capital Asset Pricing Model with emphasis on related controversial issues. The model's underlying theories, developed by Harry Markowitz and James Tobin, are presented first. This is followed by themathematicalderivation, developed by William Sharpe. Special attention is given to the controversial assumptions imposea by Markowitz and Tobin, which emerge in the CAPM. Major tests of the CAPM are reviewed next: and the empirical...
Show moreThis thesis reviews the majot' literature associated with the Capital Asset Pricing Model with emphasis on related controversial issues. The model's underlying theories, developed by Harry Markowitz and James Tobin, are presented first. This is followed by themathematicalderivation, developed by William Sharpe. Special attention is given to the controversial assumptions imposea by Markowitz and Tobin, which emerge in the CAPM. Major tests of the CAPM are reviewed next: and the empirical problems associated with test design are highlighted. It is shown that variations in test design produce controversial test results. The specific tests reviewed here fail to provide strong support for the nodel; nevertheless it becomes evident that such tests fostered a vast outpouring of new and extended models. The CAPM remains a breakthrough in financial and economic literature which deserves to be explored even more intensely in the future.
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Date Issued: 1981
PURL: http://purl.flvc.org/fcla/dt/14067
Subject Headings: Capital assets pricing model
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.
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Date Issued: 1999
PURL: http://purl.flvc.org/fcla/dt/15659
Subject Headings: Human capital, Economic development
Format: Document (PDF)

Title: Investor Connections and Non-GAAP Reporting.
Creator: Harwood, Chad, Kohlbeck, Mark, Florida Atlantic University, College of Business, School of Accounting
Abstract/Description: I investigate whether a firm’s social capital with investors impacts its non-GAAP reporting decisions. Critics of non-GAAP reporting suggest that non-GAAP earnings are incomplete, inaccurate, and can be misleading (Derby, 2001; Dreman, 2001; Elstein, 2001; Black et al., 2007). Firms might be hesitant to provide non-GAAP information if other means are available to transfer information. Social capital provides an alternate method of informing investors. However, social capital might also play...
Show moreI investigate whether a firm’s social capital with investors impacts its non-GAAP reporting decisions. Critics of non-GAAP reporting suggest that non-GAAP earnings are incomplete, inaccurate, and can be misleading (Derby, 2001; Dreman, 2001; Elstein, 2001; Black et al., 2007). Firms might be hesitant to provide non-GAAP information if other means are available to transfer information. Social capital provides an alternate method of informing investors. However, social capital might also play another role in the information environment by building trust between managers and investors (Gabarro, 1978; Gulati, 1995). This trust may reduce investor skepticism of non-GAAP information, enhancing the value of non-GAAP disclosures. Additionally, I examine what impact social capital might have on investors’ investment decisions with respect to non-GAAP reporting. Despite critics’ concerns over non-GAAP reporting, prior literature suggests investors’ reactions are more aligned with the non-GAAP definition of earnings (Bradshaw and Sloan, 2002; Bhattacharya et al., 2003), suggesting other factors might influence investors’ decisions. I investigate whether social capital plays a role in reducing skepticism in non-GAAP information leading to reduced information asymmetry and increased investor reaction to non-GAAP disclosures. I find that non-GAAP reporting is increasing in social capital with investors. However, I find no evidence that investor reactions to non-GAAP earnings information differ based on firms’ social capital with investors. I also find information asymmetry around earnings announcements is higher for non-GAAP reporting firms with greater social capital with investors in comparison to non-GAAP reporters with lower social capital. Taken together, my results suggest social capital impacts the decisions of firms in reporting non-GAAP earnings information, but not the decisions of investors. My results are relevant to the current disclosure environment in that non-GAAP reporting is a current topic of interest for regulators with several updates to non-GAAP guidance having recently occurred.
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Date Issued: 2019
PURL: http://purl.flvc.org/fau/fd/FA00013214
Subject Headings: GAAP (Accounting), Investors, Social capital (Economics)
Format: Document (PDF)

Title: THE EFFECT OF COMMUNITY SOCIAL CAPITAL ON NON-PROFITS’ GOVERNANCE AND DISCLOSURE QUALITY.
Creator: Subedi, Meena, Farazmand, Ali, Florida Atlantic University, School of Public Administration, Dorothy F. Schmidt College of Arts and Letters
Abstract/Description: Social capital is critical to the entities' disciplinary environment and the ability to produce high quality financial reports. Although prior literature on for-profit setting indicates that social capital impacts both governance (Ferris, et al., 2017) and financial reporting quality (Jha & Chen, 2015; Jha, 2019), this area has received less attention in non-profit literature. The purpose of this dissertation is to examine the impact of the social capital of a non-profit organization's (NPO)...
Show moreSocial capital is critical to the entities' disciplinary environment and the ability to produce high quality financial reports. Although prior literature on for-profit setting indicates that social capital impacts both governance (Ferris, et al., 2017) and financial reporting quality (Jha & Chen, 2015; Jha, 2019), this area has received less attention in non-profit literature. The purpose of this dissertation is to examine the impact of the social capital of a non-profit organization's (NPO) headquarter area (also known as community social capital) on the NPO governance and disclosure quality (i.e., the quality of Form 990). The study hypothesizes and finds that the community social capital of an NPO headquarter area has a positive impact on its governance. The positive relationship suggests that NPO social capital and governance play a complementary role, where managers in high social capital face strong disciplinary environment and enjoy strong social connections and professional reputations and thus have fewer incentives to resist the adoption of sound governance practices. Similarly, the study also hypothesizes and finds that the community social capital of an NPO headquarter area has a positive impact on its disclosure quality. This finding suggests that community social capital disciplines NPO self-interested managers' behavior to manipulate financial numbers in Form 990 disclosures.
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Date Issued: 2021
PURL: http://purl.flvc.org/fau/fd/FA00013740
Subject Headings: Social Capital, Governance, Nonprofit organizations, Financial disclosure
Format: Document (PDF)

Title: EFFECTS OF GENERAL AND SPECIFIC HUMAN CAPITAL ON NEW VENTURE PERFORMANCE: THE ROLE OF GENDER.
Creator: Sherbondy, Sara, Castrogiovanni, Gary J., Florida Atlantic University, Department of Management, College of Business
Abstract/Description: This study tests a model that draws on human capital theory to explain how individual characteristics of founding entrepreneurs influence performance of their new businesses. Using data from Project GATE (Growing America Through Entrepreneurship), this research study assesses the direct effect of gender on new venture performance and the moderating role of gender on the relationship between general and specific human capital and new venture performance.
Date Issued: 2022
PURL: http://purl.flvc.org/fau/fd/FA00014059
Subject Headings: Human capital, New Ventures (Firm), Gender
Format: Document (PDF)

Title: ESSAYS ON GOVERNMENT CONTRACTING AND PRIVATE INVESTMENT FIRMS: IMPLICATIONS FOR CORPORATE FINANCE.
Creator: Suleymanov, Masim, Cumming, Douglas, Javakhadze, David, Florida Atlantic University, Department of Finance, College of Business
Abstract/Description: The modern organization is “a nexus of contracts” among various stakeholders. In this two-essay study, I examine how contracts surrounding entrepreneurial firms, namely contracts with the U.S. government agencies as customers and contracts with venture capital (VC) firms as investors, interact. In the first essay, I examine whether and how the ex-post government contracting activity of portfolio companies affects the performance of VC investments. Prior research establishes the impact of...
Show moreThe modern organization is “a nexus of contracts” among various stakeholders. In this two-essay study, I examine how contracts surrounding entrepreneurial firms, namely contracts with the U.S. government agencies as customers and contracts with venture capital (VC) firms as investors, interact. In the first essay, I examine whether and how the ex-post government contracting activity of portfolio companies affects the performance of VC investments. Prior research establishes the impact of government customers on the contractor's operating performance and information quality. I find that government contracting improves the likelihood of successful exits via initial public offering (IPO) or acquisition and reduces the likelihood of a liquidation. I also find that the suppliers’ bargaining power relative to the government moderates the relationship between government contracting and VC investment exits. The increased suppliers’ bargaining power mitigates the positive relationship between government contracting and the likelihood of IPOs. The impact of government contracting on the likelihood of acquisitions and liquidations is more substantial for suppliers with greater bargaining power. The results are robust for reputable and non-reputable VC firms, alternative model specifications, and adjustments for potential endogeneity.
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Date Issued: 2022
PURL: http://purl.flvc.org/fau/fd/FA00013917
Subject Headings: Public contracts, Venture capital, Corporations—Finance
Format: Document (PDF)

Title: THE IMPACT OF CEO PAST PROFESSIONAL EXPERIENCE AND SOCIAL CAPITAL ON CORPORATE POLICIES AND FIRM PERFORMANCE.
Creator: Faulkner, Matthew, Garcia-Feijoo, Luis, Florida Atlantic University, College of Business, Department of Finance
Abstract/Description: Increasing evidence suggests the personal traits of chief executive officers (CEOs) can influence corporate policies. We examine how one dimension, past professional experiences, can affect corporate payout policy. Exploiting exogenous CEO turnovers and future employment, we hypothesize that CEOs experiencing a distress event in their past career alter the corporate payout policy at their subsequent firm of employment. We discover that CEOs having experienced prior professional career...
Show moreIncreasing evidence suggests the personal traits of chief executive officers (CEOs) can influence corporate policies. We examine how one dimension, past professional experiences, can affect corporate payout policy. Exploiting exogenous CEO turnovers and future employment, we hypothesize that CEOs experiencing a distress event in their past career alter the corporate payout policy at their subsequent firm of employment. We discover that CEOs having experienced prior professional career distress are less likely to pay dividends and use repurchases and pay out lower levels for each type of payout. Additionally, when CEOs with distress do have a payout policy greater than zero dollars, there exists a preference toward the use of repurchases in the payout policy, adding to the literature of substitution and differences between the two forms of payout. We find that dividend smoothing is reduced by CEOs that have past professional distress.
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Date Issued: 2019
PURL: http://purl.flvc.org/fau/fd/FA00013305
Subject Headings: Chief executive officers, Social capital (Sociology), Experience, Dividends, Payouts
Format: Document (PDF)

Title: CEO SOCIAL CAPITAL AND STOCK PRICE INFORMATIVENESS: US AND INTERNATIONAL PERSPECTIVES.
Creator: Malinin, Artem, Garcia-Feijoo, Luis, Florida Atlantic University, Department of Finance, College of Business
Abstract/Description: In Essay 1, I investigate the association between CEOs’ social capital and stock price informativeness in a sample of US firms. After accounting for the fact that larger networks attract more analysts following, I find that firms with larger CEO social capital exhibit higher private information incorporation and hence more informative stock prices. Results are consistent for five different proxies for stock price informativeness. Furthermore, the positive association between social capital...
Show moreIn Essay 1, I investigate the association between CEOs’ social capital and stock price informativeness in a sample of US firms. After accounting for the fact that larger networks attract more analysts following, I find that firms with larger CEO social capital exhibit higher private information incorporation and hence more informative stock prices. Results are consistent for five different proxies for stock price informativeness. Furthermore, the positive association between social capital and informativeness is driven by more diverse networks, as measured by gender, nationality, education, or professional diversity. Overall, results suggest that private information existing in networks may result in markets that are more informationally efficient. In Essay 2, I show that CEOs’ social capital has a positive impact on stock price informativeness in an international sample. Different robustness and endogeneity tests confirm those results. Moreover, I find that factors present at the country level can mitigate or reinforce social capital’s impact on informativeness. I consider characteristics not observable within one country that can influence such relation around the world including legal, cultural, and developmental. I uncover that for more developed countries and those with a higher quality of institutions a positive impact of social connectedness is more pronounced. In addition, I show the importance of CEOs’ connections characteristics for their impact on stock price informativeness. I find that if CEOs’ connections come from developed countries or countries that have better formal and informal institutions which affect information transparency, CEOs’ social capital becomes more important for informativeness.
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Date Issued: 2022
PURL: http://purl.flvc.org/fau/fd/FA00013973
Subject Headings: Chief executive officers, Social capital (Sociology), Stocks--Prices
Format: Document (PDF)

Title: Asymmetric information in fads models in Lâevy markets.
Creator: Buckley, Winston S., Florida Atlantic University, Charles E. Schmidt College of Science, Department of Mathematical Sciences
Abstract/Description: Fads models for stocks under asymmetric information in a purely continuous(GBM) market were first studied by P. Guasoni (2006), where optimal portfolios and maximum expected logarithmic utilities, including asymptotic utilities for the informed and uninformed investors, were presented. We generalized this theory to Lâevy markets, where stock prices and the process modeling the fads are allowed to include a jump component, in addition to the usual continuous component. We employ the methods of...
Show moreFads models for stocks under asymmetric information in a purely continuous(GBM) market were first studied by P. Guasoni (2006), where optimal portfolios and maximum expected logarithmic utilities, including asymptotic utilities for the informed and uninformed investors, were presented. We generalized this theory to Lâevy markets, where stock prices and the process modeling the fads are allowed to include a jump component, in addition to the usual continuous component. We employ the methods of stochastic calculus and optimization to obtain analogous results to those obtained in the purely continuous market. We approximate optimal portfolios and utilities using the instantaneous centralized and quasi-centralized moments of the stocks percentage returns. We also link the random portfolios of the investors, under asymmetric information to the purely deterministic optimal portfolio, under symmetric information.
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Date Issued: 2009
PURL: http://purl.flvc.org/FAU/3337187
Subject Headings: Investments, Mathematical models, Capital market, Mathematical models, Finance, Mathematical models, Information theory in economics, Capital asset pricing model, Lâevy processes
Format: Document (PDF)

Title: Managerial reputation and Non-GAAP earnings disclosures.
Creator: Cheng, Yun, Kohlbeck, Mark, Florida Atlantic University, College of Business, School of Accounting
Abstract/Description: I examine how managerial reputation affects the quality of non-GAAP earnings disclosures and how the market reacts to non-GAAP earnings disclosures associated with managerial reputation. Although there was an initial dip in the frequency of non-GAAP earnings disclosures after SOX and Regulation G, the frequency of non-GAAP earnings disclosures has increased in recent years (Brown, Christensen, Elliott and Mergenthaler 2012). Motivated by the efficient contracting theory and managerial...
Show moreI examine how managerial reputation affects the quality of non-GAAP earnings disclosures and how the market reacts to non-GAAP earnings disclosures associated with managerial reputation. Although there was an initial dip in the frequency of non-GAAP earnings disclosures after SOX and Regulation G, the frequency of non-GAAP earnings disclosures has increased in recent years (Brown, Christensen, Elliott and Mergenthaler 2012). Motivated by the efficient contracting theory and managerial reputation incentives, I investigate whether reputable managers are associated with higher quality non-GAAP earnings disclosures. I also investigate whether the market is more responsive to non-GAAP earnings disclosed by reputable managers. Using empirical models modified from prior research, I find that reputable managers are less likely to disclose non-GAAP earnings, which is consistent with the efficient contracting explanation. I also find that reputable managers exclude more recurring items that are related to future operating earnings when they disclose non-GAAP earnings, which is consistent with the rent extraction explanation in prior research. Finally, I find that managerial reputation has an incremental effect on the market reaction and that the market is more responsive to non-GAAP earnings disclosed by reputable managers if the unexpected earnings are positive. The study contributes to both non-GAAP earnings disclosures literature and managerial reputation incentives literature. It also has implications for investors, managers, and regulators.
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Date Issued: 2014
PURL: http://purl.flvc.org/fau/fd/FA00004185, http://purl.flvc.org/fau/fd/FA00004185
Subject Headings: Capital productivity -- Measurement, Disclosure in accounting, Industrial management, Investment analysis, Risk management
Format: Document (PDF)

Title: Capital budgeting in American county governments: Analysis of current practices.
Creator: Sekwat, Alex Sube, Florida Atlantic University, Thai, Khi V.
Abstract/Description: This study analyzes the current practices of capital budgeting in American county governments. The analysis includes a determination of the factors believed to influence the use of a capital budget in counties. The bulk of the data for the study were gathered by means of survey research. A questionnaire was designed, pre-tested, and administered to a select group of county finance officers across the United States. Stratified random sampling procedures were employed in the selection of the...
Show moreThis study analyzes the current practices of capital budgeting in American county governments. The analysis includes a determination of the factors believed to influence the use of a capital budget in counties. The bulk of the data for the study were gathered by means of survey research. A questionnaire was designed, pre-tested, and administered to a select group of county finance officers across the United States. Stratified random sampling procedures were employed in the selection of the sample frame. Limited supplementary data obtained from secondary sources were also used. Descriptive statistics, measures of association, and logistic regression procedures were used in the analysis and interpretation of the data. The analysis of the data using contingency tables and measures of association reveal a significant relationship between the dependent variable, i.e., the use of a capital budget, and several independent variables, notably: degree of urbanization, form of government, state requirements, capital improvement program (CIP), federal grants, state grants, and a periodic inspection program. No significant relationship was established between the use of a capital budget and the following independent variables: geographic region, risk and uncertainty, and size of capital budget or capital investments. Moreover, the analysis of the results reveals that counties with capital budget in contrast to counties without a one have a higher incidence and are more predisposed to: (1) utilize a CIP, (2) receive intergovernmental grants for capital investments, (3) consider risk and uncertainty in evaluating capital investment proposals, (4) have their infrastructure facilities in fairly good physical condition, (5) employ a periodic inspection program, (6) tend to have a large population (urban), and (7) have an elected or appointed professional administrator. Furthermore, logistic regression analysis was used to determine the covariates that have a strong explanatory power of the dependent variable. After testing several models, the parsimonious and best fitting model contained the following variables, and interaction terms: urbanization, state requirements, use a of CIP, interaction of federal grants and urbanization, and interaction of state grants and state requirements. Overall, the results from descriptive statistics, measures of association, and logistic regression analysis, seem to suggest that county governments that use a capital budget performed slightly better than counties without a capital budget when the independent variables are considered as performance indicators.
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Date Issued: 1994
PURL: http://purl.flvc.org/fcla/dt/12361
Subject Headings: County Budgets--Appropriations and Expenditures, County Budgets--United States, Capital Budget--United States
Format: Document (PDF)

Title: Economic transition, the case of China.
Creator: Lin, Min., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
Abstract/Description: This thesis is a study of China's economic transition from the traditional Soviet type socialist command economy which existed before 1978 to a market economy which China wants to achieve. Historical comparisons are applied to see the difference between early economic development and present reform efforts in China. The problems that China has encountered during the transition period also are presented and analysis are given.
Date Issued: 1995
PURL: http://purl.flvc.org/fcla/dt/15172
Subject Headings: China--Economic policy--1976-, Capitalism--China, China--Economic conditions
Format: Document (PDF)

Title: Private Capital Flows and Economic Development: A Cross-Sectional Analysis of Asian and Latin American Countries.
Creator: Salome, Helena Johanna, Yuhn, Ky-hyang, Florida Atlantic University
Abstract/Description: After the 1980s debt crisis had officially come to an end, most developing nations in Asia and Latin America successfully reentered the global capital market. Private capital flows into these regions surged to unprecedented heights. Present paper gives an overview of what gave rise to this sudden come-back of external finance to the developing world, why its composition and geographical dispersion had changed, and how it affected the macroeconomic environment of the recipient nation....
Show moreAfter the 1980s debt crisis had officially come to an end, most developing nations in Asia and Latin America successfully reentered the global capital market. Private capital flows into these regions surged to unprecedented heights. Present paper gives an overview of what gave rise to this sudden come-back of external finance to the developing world, why its composition and geographical dispersion had changed, and how it affected the macroeconomic environment of the recipient nation. Furthermore, a cross-section econometric analysis is applied to thirty-four countries for the early 1990s, to determine the effect of private inflows on the growth rate of real GDP, as a proxy for economic development, in the context of a standard neoclassical growth equation framework. Results confirm the favorable impact of portfolio investment, but foreign direct investment appears to hinder economic growth. An attempt is made to interpret these results and compare them with existing empirical research.
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Date Issued: 1997
PURL: http://purl.flvc.org/fau/fd/FA00000310
Subject Headings: Capital movements--Latin America, Capital movements--Asia, Latin America--Economic conditions--1982-, Asia--Economic conditions--1945-, Saving and investment--Latin America, Saving and investment--Asia
Format: Document (PDF)

Title: Agency costs and accounting quality within an all-equity setting: the role of free cash flows and growth opportunities.
Creator: Cabán, David, Kohlbeck, Mark, Florida Atlantic University, College of Business, School of Accounting
Abstract/Description: I investigate if all-equity firms are a heterogeneous group as it relates to agency costs and accounting quality. All-equity firms are a unique group of firms that choose a “corner solution” as their capital structure. Extant research, supported by well-established theories such as trade-off theory, free cash flow theory, and Jensen’s (1986) control hypothesis, generally conclude that agency conflicts motivate such structure. Research also supports the alternative argument that poor...
Show moreI investigate if all-equity firms are a heterogeneous group as it relates to agency costs and accounting quality. All-equity firms are a unique group of firms that choose a “corner solution” as their capital structure. Extant research, supported by well-established theories such as trade-off theory, free cash flow theory, and Jensen’s (1986) control hypothesis, generally conclude that agency conflicts motivate such structure. Research also supports the alternative argument that poor accounting quality makes debt so prohibitive that such firms are driven to this capital structure. I propose that an all-equity structure is not necessarily symptomatic of agency conflicts and poor accounting quality overall. I investigate if different motivations, within an all-equity setting, reflected by free cash flows and growth opportunities, result in different levels of agency cost and accounting quality. By anchoring on theories that link implicit costs of debt to free cash flow levels and growth opportunities, I hypothesize that free cash flows and growth opportunities are strongly linked to the justification or lack thereof for the pursuit of such strategy. I hypothesize and show that firms in the extremes of the free cash flow to growth rate spectrum exhibit significantly different levels of agency cost and accounting quality within the all-equity setting. These results support my main prediction that there exists agency costs and accounting quality differences within the all-equity setting which are associated with free cash flow levels and growth opportunities and that the pessimistic conclusions for pursuing an all-equity strategy reached by prior research should not be generalized to all such firms.
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Date Issued: 2015
PURL: http://purl.flvc.org/fau/fd/FA00004432, http://purl.flvc.org/fau/fd/FA00004432
Subject Headings: Business enterprises -- Valuation, Cash management, Corporations -- Finance, Corporations -- Growth, Financial risk management, Strategic planning, Venture capital
Format: Document (PDF)

Title: Long-term post-Katrina volunteerism: the ethics of an imported solidarity.
Creator: D'Aloia, Susan., Dorothy F. Schmidt College of Arts and Letters, Department of Anthropology
Abstract/Description: The trauma and devastation that resulted from Hurricane Katrina's landfall on August 29, 2005, produced a wide spread public perception of government neglect and ineptitude. Subsequently, a period of nationwide shame and concern for those most affected by the disaster elicited a wave of financial generosity from all social sectors. Yet, by late 2005 the media declared that the majority of Americans had become desensitized to the tragedy and its consequences, coining this shift in public...
Show moreThe trauma and devastation that resulted from Hurricane Katrina's landfall on August 29, 2005, produced a wide spread public perception of government neglect and ineptitude. Subsequently, a period of nationwide shame and concern for those most affected by the disaster elicited a wave of financial generosity from all social sectors. Yet, by late 2005 the media declared that the majority of Americans had become desensitized to the tragedy and its consequences, coining this shift in public perception as "Katrina fatigue." Thousands of volunteers contradicted this phenomenon, however, by performing service in the devastated city of New Orleans. Long-term volunteers defied "Katrina fatigue" by redirecting the trajectory of their lives so they could provide service. Conventionally accepted volunteer theory predicts that volunteers provide service and that their labor operates in conjunction with institutionally supported mechanisms of security and services., However, for the volunteer subjects in this study, Katrina and its immediate aftermath shattered the trust in such institutions. These volunteers did not assume that their service operated in conjunction with state sponsored agencies or corporations. Rather, they viewed their own acts of service as the means of promoting the recovery. This qualitative case study examines the deliberated choices and actions performed by long-term volunteers between the years 2005 and 2009. The primary subjects in this investigation include 15 volunteers who performed long-term and/or repeat delegations of service within organized networks. Volunteer subjects believed that if they did not perform the services they did, these services might not get done. Volunteers internalized contours of the larger political economy and their own perceived role within them. Performing service functioned partially to counteract this internalization and simultaneously redirect their lives., Second Line, a New Orleans street tradition of neighborhood processions, reveals more of what drives the long-term volunteer's desire. The root practice of Second Line processions embodies a form of cognitive liberation for the disenfranchised as the processions interrupt normal arrangements of order and power in the city, albeit temporarily. Volunteers desire to connect with poor and working class Black people in this capacity, and their attempts to do so played out in contexts that sometimes disrupted institutional or corporate power, constituting a demand for change on behalf of Katrina victims.
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Date Issued: 2011
PURL: http://purl.flvc.org/FAU/3360619
Subject Headings: Hurricane Katrina, 2005, Social aspects, DIsaster relief, Emergency management, Social capital
Format: Document (PDF)

Title: FDI in the Third World: The impact on growth and human development.
Creator: Krappen, Ute., Florida Atlantic University, Scott, Gerald E., College of Business, Department of Economics
Abstract/Description: This thesis theoretically and empirically analyzes the effects of Foreign Direct Investment on Third World countries. The competing theories of the impact of FDI on developing countries are examined. The contradictory results of former econometric tests and empirical surveys measuring the impact of FDI on growth are compared and contrasted. A human development accounting model is employed as a new approach to study the effects of FDI on social indicators. Finally the resulting policy...
Show moreThis thesis theoretically and empirically analyzes the effects of Foreign Direct Investment on Third World countries. The competing theories of the impact of FDI on developing countries are examined. The contradictory results of former econometric tests and empirical surveys measuring the impact of FDI on growth are compared and contrasted. A human development accounting model is employed as a new approach to study the effects of FDI on social indicators. Finally the resulting policy implications are discussed.
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Date Issued: 1992
PURL: http://purl.flvc.org/fcla/dt/14867
Subject Headings: Developing countries--Economic conditions, Capital movements--Developing countries, Investments, Foreign, Developing countries--Social conditions
Format: Document (PDF)

Title: A Network of Ideas: Brokerage and Success Among Visual Artists in South Florida.
Creator: Hoyos, Patricia, Brown, Clifford T., Florida Atlantic University, Dorothy F. Schmidt College of Arts and Letters, Department of Anthropology
Abstract/Description: This study looks at artists’ careers as paths defined by their relative position in a dynamic professional network where innovation and creativity are highly regarded. Today, the theoretical and empirical study of networks has demonstrated that in some professions the individuals’ position in the network can facilitate or constrain their success. In studies about diffusion of information, for instance, some authors have found that individuals connected to a greater variety of sources are more...
Show moreThis study looks at artists’ careers as paths defined by their relative position in a dynamic professional network where innovation and creativity are highly regarded. Today, the theoretical and empirical study of networks has demonstrated that in some professions the individuals’ position in the network can facilitate or constrain their success. In studies about diffusion of information, for instance, some authors have found that individuals connected to a greater variety of sources are more creative and perform better. I explored this idea by looking at a network of visual artists and art institutions in Miami, and found a positive correlation between position and success, though, not explained by variety exclusively. In the network, artistic success is a function of connecting both across artistic categories and a hierarchical system; therefore, in an art world, creativity and innovation are mediated by key members, who distribute information and resources through affiliation, prominence and brokerage.
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Date Issued: 2016
PURL: http://purl.flvc.org/fau/fd/FA00004605, http://purl.flvc.org/fau/fd/FA00004605
Subject Headings: Art and society., Arts and society., Popular culture., Arts--Psychological aspects., Social capital (Sociology), Creation (Literary, artistic, etc.), Art patronage--United States--Florida.
Format: Document (PDF)

Title: Entropic Considerations of Efficiency in the West Texas Intermediate Crude Oil Futures Market.
Creator: Sagul, Ryan, Yuhn, Ky-hyang, Florida Atlantic University, College of Business, Department of Economics
Abstract/Description: For the last fifty years, the efficient market hypothesis has been the central pillar of economic thought and touted by all, despite Sanford Grossman’ and Nobel prize winner Joseph Stiglitz’ objection in 1980. Andrew Lo updated the efficient market hypothesis in 2004 to reconcile irrational human behavior and cold, calculating automatons. This thesis utilizes 33 years of oil futures, GARCH regressions, and the Jensen-Shannon informational criteria to provide extensive empirical objections to...
Show moreFor the last fifty years, the efficient market hypothesis has been the central pillar of economic thought and touted by all, despite Sanford Grossman’ and Nobel prize winner Joseph Stiglitz’ objection in 1980. Andrew Lo updated the efficient market hypothesis in 2004 to reconcile irrational human behavior and cold, calculating automatons. This thesis utilizes 33 years of oil futures, GARCH regressions, and the Jensen-Shannon informational criteria to provide extensive empirical objections to informational efficiency. The results demonstrate continuously inefficient oil future markets which exhibit decreased informational efficiency during recessionary periods, advocating the adaptive market hypothesis over the efficient market hypothesis.
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Date Issued: 2016
PURL: http://purl.flvc.org/fau/fd/FA00004730, http://purl.flvc.org/fau/fd/FA00004730
Subject Headings: Capital market -- Psychological aspects, Energy industries -- Risk management, Financial risk management -- Mathematical models, Futures, Investment analysis, Petroleum industry and trade -- Economic aspects, Stocks -- Mathematical models
Format: Document (PDF)

Title: Living Capital: Situating Animals within Capitalist Modes of Production in Science Fiction.
Creator: Cervone, Skye, Hagood, Taylor, Florida Atlantic University, Department of English, Dorothy F. Schmidt College of Arts and Letters
Abstract/Description: This study addresses the relationship between animals and capitalism in Philip K. Dick’s Do Androids Dream of Electric Sheep?, Grant Morrison and Frank Quitely’s We3, and Margaret Atwood’s MaddAddam trilogy. These texts and their authors attempted to change the conversation surrounding animals and imagine alternatives to traditional thinking surrounding animal subjectivity. Despite their intentions, however, the authors fail to depict non-exploitative relationships with animals within...
Show moreThis study addresses the relationship between animals and capitalism in Philip K. Dick’s Do Androids Dream of Electric Sheep?, Grant Morrison and Frank Quitely’s We3, and Margaret Atwood’s MaddAddam trilogy. These texts and their authors attempted to change the conversation surrounding animals and imagine alternatives to traditional thinking surrounding animal subjectivity. Despite their intentions, however, the authors fail to depict non-exploitative relationships with animals within capitalist systems, suggesting an inherently exploitative relationship between animals and biopolitical capitalism.
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Date Issued: 2019
PURL: http://purl.flvc.org/fau/fd/FA00013364
Subject Headings: Animals, Capitalism, Atwood, Margaret, 1939- MaddAddam trilogy, Quitely, Frank, 1968-, Dick, Philip K Do androids dream of electric sheep?, Science fiction
Format: Document (PDF)

Title: Offshoring and wage convergence.
Creator: Brigida, Matthew David., Florida Atlantic University, Yuhn, Ky-hyang
Abstract/Description: 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.
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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)

Social capital (Sociology) (4)	+ -
Chief executive officers (2)	+ -
Human capital (2)	+ -
Investment analysis (2)	+ -
Venture capital (2)	+ -

African Americans--Education--History--20th century (1)	+ -
Animals (1)	+ -
Art and society. (1)	+ -
Art patronage--United States--Florida. (1)	+ -
Arts and society. (1)	+ -
Arts--Psychological aspects. (1)	+ -
Asia--Economic conditions--1945- (1)	+ -
Atwood, Margaret, 1939- MaddAddam trilogy (1)	+ -
Business enterprises -- Valuation (1)	+ -
Capital Budget--United States (1)	+ -
Capital asset pricing model (1)	+ -
Capital assets pricing model (1)	+ -
Capital market (1)	+ -
Capital market -- Psychological aspects (1)	+ -
Capital market--United States (1)	+ -
Capital movements--Asia (1)	+ -
Capital movements--Developing countries (1)	+ -
Capital movements--Latin America (1)	+ -
Capital productivity -- Measurement (1)	+ -
Capitalism (1)	+ -
Capitalism--China (1)	+ -
Capitalism--United States--Social aspects--History. (1)	+ -
Cash management (1)	+ -
China--Economic conditions (1)	+ -
China--Economic policy--1976- (1)	+ -

Louisiana (1)	+ -
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Florida Atlantic University (23)	+ -
College of Business (11)	+ -
Dorothy F. Schmidt College of Arts and Letters (5)	+ -
Department of Economics (4)	+ -
Yuhn, Ky-hyang (4)	+ -

Department of Finance (3)	+ -
Kohlbeck, Mark (3)	+ -
School of Accounting (3)	+ -
Castrogiovanni, Gary J. (2)	+ -
Department of Anthropology (2)	+ -
Garcia-Feijoo, Luis (2)	+ -
Stronge, William B. (2)	+ -
Ayala, Mary D. (1)	+ -
Brigida, Matthew David. (1)	+ -
Brown, Clifford T. (1)	+ -
Buckley, Winston S. (1)	+ -
Cabán, David (1)	+ -
Cervone, Skye (1)	+ -
Charles E. Schmidt College of Science (1)	+ -
Cheng, Yun (1)	+ -
Cumming, Douglas (1)	+ -
D'Aloia, Susan. (1)	+ -
Department of English (1)	+ -
Department of History (1)	+ -
Department of Management (1)	+ -
Department of Mathematical Sciences (1)	+ -
Engle, Stephen D. (1)	+ -
Farazmand, Ali (1)	+ -
Faulkner, Matthew (1)	+ -
Fuller, Edward E. (1)	+ -

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