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Title: Essays on bond exchange-traded funds.
Creator: Evans, Charles W., College of Business, Department of Finance
Abstract/Description: This dissertation investigates two fundamental questions related to how well exchange-traded funds that hold portfolios of fixed-income assets (bond ETFs) proxy for their underlying portfolios. The first question involves price/net-asset-value (NAV) mean-reversion asymmetries and the effectiveness of the arbitrage mechanism of bond ETFs. Methodologically, to answer the first question I focus on a time-series analysis. The second question involves the degree to which average returns of bond...
Show moreThis dissertation investigates two fundamental questions related to how well exchange-traded funds that hold portfolios of fixed-income assets (bond ETFs) proxy for their underlying portfolios. The first question involves price/net-asset-value (NAV) mean-reversion asymmetries and the effectiveness of the arbitrage mechanism of bond ETFs. Methodologically, to answer the first question I focus on a time-series analysis. The second question involves the degree to which average returns of bond ETF shares respond to changes in factors that have been found to drive average returns of bond portfolios. To answer this question I shift the focus of the analysis to a cross-section asset pricing test. In other words, do bond ETF share prices track the value of their underlying assets, and are they priced by investors like bonds in the cross-section? The first essay concludes that bond ETF shares exhibit mean-reversion asymmetries when price and NAV diverge, along persistent small premiums. These premiums appear to reflect the added value that bond ETFs bring to the fixed-income asset market through smaller trading increments, greater liquidity, and the ability to buy on margin and sell short. The second essay concludes that market, bond-specific, and firm-specific risk factors can help to explain the variation in U.S. bond ETF average returns, but only size seems to be priced in the cross-section of expected returns. This is not surprising as the sample used in the asset pricing tests is limited to the period 2007-2010, which corresponds to the "great recession", and size has been interpreted in the asset pricing literature as a state variable that proxies for financial distress and is highly dependent on the phase of the real business cycle., The two essays together suggest that bond ETFs can be used in trading strategies based on taking long and short positions in fixed-income assets, especially when trading in portfolios of fixed-income assets directly is not feasible.
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Date Issued: 2011
PURL: http://purl.flvc.org/FAU/3175017
Subject Headings: Exchange traded funds, Portfolio management, Hedge funds, Stock index futures
Format: Document (PDF)

Title: The Bretton Woods proposals.
Creator: United States. Dept. of the Treasury
Date Issued: 1945
PURL: http://purl.flvc.org/FCLA/DT/3360066
Subject Headings: International Monetary Fund., World Bank.
Format: Document (PDF)

Title: Two Essays on Mutual Funds Herding and the Information Content of Their Trades.
Creator: Carrete Rodriguez, Angel Francisco, Agapova, Anna, Florida Atlantic University, College of Business, Department of Finance
Abstract/Description: Information asymmetry literature has developed models that explain the relation between uninformed traders and informed traders. In general, these models have shown that first, information asymmetry is a driving force for investor buying and selling behavior. Second, the trades of informed investors reveal some of the information they possess suggesting that the trades of informed investors are informative to market makers. Third, when information about a stock enters the market, the...
Show moreInformation asymmetry literature has developed models that explain the relation between uninformed traders and informed traders. In general, these models have shown that first, information asymmetry is a driving force for investor buying and selling behavior. Second, the trades of informed investors reveal some of the information they possess suggesting that the trades of informed investors are informative to market makers. Third, when information about a stock enters the market, the characteristics of the firm can change, e.g., a better information environment reduces the cost of capital (Admati, 1985; Easley and O‟Hara, 2004; Wang, 1993). In this study, I apply information asymmetry theory to explore the trading behavior of active equity mutual fund managers and their role as facilitators of information. In the first essay, I study the information environment of firms mutual funds choose to add to their holdings and how it changes after the inclusion. I identify all new additions to the mutual fund holdings universe from 2002 to 2015 and compare them to the available universe of firms not yet owned by mutual funds. I find that active equity mutual fund managers behave as informed investors and prefer to buy stocks with more opaque information environments i.e., firms with larger spreads, lower trading volume, smaller firms with more growth opportunities, and firms that tend to use more accruals. Fund managers also show a preference for firms that have less analyst following, those in which analysts are less likely to agree on their EPS estimates, and firms in which analysts are more likely to err in their predictions. In other words, mutual fund managers prefer firms that are more likely to be mispriced. Once the funds include the firms, I document a strong improvement in their information environment. Firms attract more analyst coverage, reduce its use of accruals, produce more guidance, increase their market cap, and show increased turnover. The second essay focuses on the herding behavior of mutual funds. The study is the first to document the herding of mutual fund managers after creation of toehold positions by portfolio managers. I use a hand-collected dataset consisting of all toehold acquisitions reported to the SEC from 1995 to 2015 to document a strong herding reaction of active equity mutual funds after toehold announcements. This herding reaction is several times stronger than other mutual fund herding events reported by previous literature. I also document that the strength of the herding reaction varies depending on the identity of the filer or the characteristics of the firm acquired. The herding reaction is stronger for toehold announcements of firms with a smaller market capitalization, better growth opportunities, and those that are more illiquid. I also find that the herding reaction is weaker after the filings of hedge fund managers. My results support the informational herding cascade hypothesis.
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Date Issued: 2018
PURL: http://purl.flvc.org/fau/fd/FA00013127
Subject Headings: Information asymmetry, Mutual funds, Herding
Format: Document (PDF)

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 .
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Date Issued: 1972
PURL: http://purl.flvc.org/fcla/dt/13511
Subject Headings: Associations, institutions, etc, Fund raising
Format: Document (PDF)

Title: An examination of the operational efficiency of mutual funds.
Creator: Zera, Stephen Paul, Florida Atlantic University, Madura, Jeff
Abstract/Description: A pre-determined percentage of the assets of mutual funds is extracted from each portfolio's value on a daily basis to cover operating expenses. The nature of the relationship between these fund operating expenses and fund size is the focus of this dissertation. A negative relationship is shown to exist between mutual fund operating expense percentages and mutual fund size. Next, a double-log estimating equation is utilized to generate a measure of the elasticity of mutual fund operating...
Show moreA pre-determined percentage of the assets of mutual funds is extracted from each portfolio's value on a daily basis to cover operating expenses. The nature of the relationship between these fund operating expenses and fund size is the focus of this dissertation. A negative relationship is shown to exist between mutual fund operating expense percentages and mutual fund size. Next, a double-log estimating equation is utilized to generate a measure of the elasticity of mutual fund operating expenses with respect to mutual fund size. This expense-size elasticity (ESE) is estimated to be.961 for the entire cross-sectional sample, indicating that a one percent increase in fund size is associated with a.961% increase in fund operating expenses. Next, the elasticity of mutual fund operating expenses with respect to mutual fund size is calculated for each of five fund size categories. The ESE of the largest fund size category is shown to not differ in a statistically significant manner from those of the smaller categories of mutual fund size. ESEs are then calculated for various investment objective categories and are shown to differ in a statistically significant manner. ESEs also differ between load and no-load funds as well as between open-end and closed-end funds. The lack of statistically significant differences between the ESEs of various size categories is also evident in an analysis performed on a cross-sectional sample of mutual fund families. Further, evidence of the lack of significance of fund size in explaining variation in fund-specific ESES is found in an analysis of time series data for mutual funds in existence from 1976 through 1994.
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Date Issued: 1996
PURL: http://purl.flvc.org/fcla/dt/12459
Subject Headings: Mutual Funds, Investments, Portfolio Management
Format: Document (PDF)

Title: The performance persistence of closed-end funds.
Creator: Bers, Martina K., Florida Atlantic University, Madura, Jeff
Abstract/Description: The purpose of this study is to extend the research on mutual fund performance persistence to closed-end funds. Because closed-end funds trade at market prices different from net asset value (NAV) they are used to test both the performance persistence of their NAV and market price returns. While research has assessed the performance persistence of open-end funds, it has not assessed the performance persistence of closed-end funds. Yet, the unique characteristics of closed-end funds allow...
Show moreThe purpose of this study is to extend the research on mutual fund performance persistence to closed-end funds. Because closed-end funds trade at market prices different from net asset value (NAV) they are used to test both the performance persistence of their NAV and market price returns. While research has assessed the performance persistence of open-end funds, it has not assessed the performance persistence of closed-end funds. Yet, the unique characteristics of closed-end funds allow stronger arguments for their persistence than the arguments previously submitted for open-end funds. The characteristics that can potentially cause closed-end fund return persistence to be different from open-end fund return persistence include investor sentiment, restrictions on liquidity of underlying assets and cash holdings, and performance pressure on fund managers. This study also investigates the NAV and market price return persistence of international closed-end funds. This group of funds is of particular interest because investor sentiment determines a large portion of the market price return. In addition, as some international markets are less efficient due to restricted flow of information, fund managers may have an advantage in portfolio selection. Finally, this study examines cross-sectionally whether the persistence measure is related to the fund characteristics size, goal, management fees, turnover, fund family, fund experience, and the stock exchange a fund is traded on. The results show evidence for NAV and market price performance persistence, which is stronger for past winning than losing funds. NAV return persistence is less for foreign than domestic funds, possibly due to exchange rate fluctuations. However, market price return persistence is greater for foreign than domestic funds, which may indicate that price pressure is affecting foreign funds more than domestic funds. Funds with lower expense ratios, funds that are not members in a fund family, and funds traded on the NYSE show more persistence of strong NAV and market price performance. The results imply that investors should benefit from investing in past winning funds. This is particularly true for foreign funds, funds with lower expense ratios, funds that are not members of a fund family, and funds traded on the NYSE.
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Date Issued: 1998
PURL: http://purl.flvc.org/fcla/dt/12551
Subject Headings: Closed-end funds, Stock exchanges
Format: Document (PDF)

Title: Essays on Actively Managed Mutual Funds.
Creator: Kaushik, Abhay, Barnhart, Scott W., Florida Atlantic University
Abstract/Description: In this dissertation, I examine three main issues in mutual fund research: 1) the performance of "sector funds" over the business cycles; 2) the performance and managerial characteristics of "focus funds" and finally 3) the impact of taxes and tax overhang on flow of funds & performance of "corporate bond funds". My first essay analyzes the performance of sector funds across different stages of business cycles. Using a sample of 1,488 sector funds over the period 1990 to 2005, I demonstrate...
Show moreIn this dissertation, I examine three main issues in mutual fund research: 1) the performance of "sector funds" over the business cycles; 2) the performance and managerial characteristics of "focus funds" and finally 3) the impact of taxes and tax overhang on flow of funds & performance of "corporate bond funds". My first essay analyzes the performance of sector funds across different stages of business cycles. Using a sample of 1,488 sector funds over the period 1990 to 2005, I demonstrate that sector funds perform differently across different stages in the business cycles. Average difference between expansion and recession cycles ranges from 2.75 percent per year to 3.78 percent per year. Findings of this essay further suggest that sector funds do exhibit different timing effects across recessions and expansions. Flow of funds and buy turnover ratio have differential effects across business cycles whereas sell turnover trading activities have a negative effect on funds' overall performance. My second essay analyzes the performance of "focus funds". These funds are well managed but tend to keep 50 or less stocks in their portfolio. Using a sample of 926 focus funds that existed during all or part of the period 1997 to 2006, I find that on average focus funds do not outperform a corresponding passive benchmark. My results further indicate that focus funds that are more concentrated in their top holdings, have larger net asset size, relatively young management and lower turnover ratios may offer higher abnormal returns compared to passive benchmarks. The third essay analyzes the effect of taxes and tax overhang on the flow of funds and performance in bond funds. Using a sample of 741 corporate bond funds that existed at some time during the period 1997 to 2006, findings of this essay indicate that new investors to bond funds are sensitive to unrealized capital gains/losses, however, the flow of funds is not affected by past dividend distributions. Findings further indicate that tax liabilities, unrealized gains/losses, and managerial tenure explain post-tax abnormal performance after controlling for investment style, and other known factors that explain the pre-tax performance ofbond funds.
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Date Issued: 2007
PURL: http://purl.flvc.org/fau/fd/FA00000307
Subject Headings: Mutual funds--Management, Investment analysis
Format: Document (PDF)

Title: A VALUES STUDY OF VOLUNTARY FINANCIAL CONTRIBUTORS AND NON-CONTRIBUTORS TO AN INDIVIDUAL MEMBERSHIP ASSOCIATION.
Creator: MATTHEWS, GERALD WILLIAM., Florida Atlantic University, Sanford, Donald G.
Abstract/Description: This study attempts to explain the motivation for a voluntary financial gift through the analysis of individual value systems. Contributors and non-contributors to a fraternal association are compared by value rankings. Certain socioeconomic information was also collected and compared. It is anticipated that the study will be a base of information for more detailed study into the complex field of motivation to contribute financially to not-for-profit organizations.
Date Issued: 1978
PURL: http://purl.flvc.org/fcla/dt/13907
Subject Headings: Associations, institutions, etc, Fund raising, Values
Format: Document (PDF)

Title: REGIONAL SOCIAL CAPITAL AND BACKER SENTIMENT FOR SUCCESSFUL CROWDFUNDING CAMPAIGNS.
Creator: Grimes, Joseph, Pennathur, Anita, Florida Atlantic University, Department of Finance, College of Business
Abstract/Description: Local social capital, defined as the level of community interaction and social participation of a region, has been theorized to positively affect economic outcomes and discourage opportunistic behaviors in various settings. I examine whether local social capital is related to positive outcomes for entrepreneurs and their financial backers in the settings of reward crowdfunding and small business lending. In my first study, I look at how local social capital influences the creators of...
Show moreLocal social capital, defined as the level of community interaction and social participation of a region, has been theorized to positively affect economic outcomes and discourage opportunistic behaviors in various settings. I examine whether local social capital is related to positive outcomes for entrepreneurs and their financial backers in the settings of reward crowdfunding and small business lending. In my first study, I look at how local social capital influences the creators of successful reward crowdfunding campaigns. These creators, in turn, may influence the sentiment of their investors, or backers, towards their projects through missed delivery deadlines and poor communication. With comments collected from successful Kickstarter crowdfunding pages, I use textual analysis to construct a measure of the sentiment of project backers following the fundraising deadline.
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Date Issued: 2024
PURL: http://purl.flvc.org/fau/fd/FA00014385
Subject Headings: Crowd funding, Social capital (Sociology), Entrepreneurship
Format: Document (PDF)

Title: Pricing behavior of exchange traded funds.
Creator: Richie, Nivine F., Florida Atlantic University, Madura, Jeff
Abstract/Description: This dissertation examines the pricing behavior of exchange traded funds (ETFs) in three essays. (1) The Overreaction of International ETFs, (2) Fragmentation of Night Markets, and (3) The Impact of the Creation of the QQQ on the Underlying Securities. The overreaction study examines the role of information in global overreaction. Univariate analysis reveals that overreaction associated with informed events is less pronounced than with uninformed events following extreme price decreases....
Show moreThis dissertation examines the pricing behavior of exchange traded funds (ETFs) in three essays. (1) The Overreaction of International ETFs, (2) Fragmentation of Night Markets, and (3) The Impact of the Creation of the QQQ on the Underlying Securities. The overreaction study examines the role of information in global overreaction. Univariate analysis reveals that overreaction associated with informed events is less pronounced than with uninformed events following extreme price decreases. Further, positive firm-specific announcements are met with investor overreaction while negative firm-specific announcements are not. Finally, significant reversals of winners during bull markets relative to bear markets support the hypothesis that bull markets contribute to investor overconfidence and overreaction. The fragmentation study examines the cost of market fragmentation across day and night trading sessions. Using a sample of intraday transaction data for three ETFs, I show that night markets do not impound information available in net order flow to the same degree as day markets. Bid-ask spreads are wider at night and these costs are due to higher order processing costs, market maker rents and higher inventory holding costs. Furthermore, market concentration costs at night are associated with significantly higher spreads. The QQQ creation study investigates whether the creation of tradable baskets of securities affects the pricing efficiency and risk of the underlying securities. The results show that extreme price movements in the post-QQQ period are met with less pronounced corrections than in the pre-QQQ period, and that this pricing pattern does not hold true for the control sample. A decomposition of spreads finds that quoted spreads widen and effective spreads tighten in the post-QQQ period. Furthermore, though more heavily weighted components of the QQQ experience tighter spreads, this benefit is less pronounced in the post-QQQ period implying relative benefits to the less heavily weighted components. Cross-sectional analysis reveals that liquidity is directly related to pricing efficiency, but this relationship lessens in the post-QQQ period. The results also show that systematic risk for the underlying securities declines while total risk rises, though the control sample experiences a similar rise in total risk.
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Date Issued: 2004
PURL: http://purl.flvc.org/fau/fd/FADT12071
Subject Headings: Exchange Traded Funds, Securities, Foreign exchange market, Stocks--Prices
Format: Document (PDF)

Title: Reaching a new breed of donors: Strategic communication for attracting baby boomers as major donors to public institutions of higher education.
Creator: Stephens, Katie Gustafson., Florida Atlantic University, Scodari, Christine
Abstract/Description: Maturing baby boomers are moving into prime giving years and, if history repeats itself, this generation will change the "philosophy of giving." These aging baby boomers will amass significant wealth either through inheritances or their successful businesses. It is therefore critical that professional fundraisers identify how to effectively communicate with the affluent members of this generation to develop them into major donors. Using a qualitative approach through in-depth interviews, this...
Show moreMaturing baby boomers are moving into prime giving years and, if history repeats itself, this generation will change the "philosophy of giving." These aging baby boomers will amass significant wealth either through inheritances or their successful businesses. It is therefore critical that professional fundraisers identify how to effectively communicate with the affluent members of this generation to develop them into major donors. Using a qualitative approach through in-depth interviews, this research examines characteristics and traits of baby boomers, identifying seven common themes that can be used to develop communication strategies. It concludes that affluent baby boomers demand accountability from charitable organizations and value meaningful experiences. They are focused on personal accomplishments and are deeply family oriented. Messages must be concise and delivered by those respected by the donor. High-tech media are preferred.
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Date Issued: 2000
PURL: http://purl.flvc.org/fcla/dt/12725
Subject Headings: Baby boom generation, Educational fund raising, Gifts--Psychological aspects
Format: Document (PDF)

Title: LIMITED PARTNER ESG STRATEGIES AND ESG APPROACHES BY PRIVATE EQUITY FUNDS.
Creator: Buehler, Robert G., Cumming, Douglas, Florida Atlantic University, Department of Finance, College of Business
Abstract/Description: This study utilized environmental, social, and governance (ESG) data to analyze how institutional investors' strategies relate to the approaches of the private equity (PE) funds they invest in. Using limited partner (LP) investor and general partner (GP) PE fund data from Preqin, I created ESG scores for both LP and PE funds. Ordinary least-squares regression showed a significant, positive relationship between LP/GP ESG strategies. However, the relationship became negative and significant...
Show moreThis study utilized environmental, social, and governance (ESG) data to analyze how institutional investors' strategies relate to the approaches of the private equity (PE) funds they invest in. Using limited partner (LP) investor and general partner (GP) PE fund data from Preqin, I created ESG scores for both LP and PE funds. Ordinary least-squares regression showed a significant, positive relationship between LP/GP ESG strategies. However, the relationship became negative and significant when firm-, fund-, and country-level controls were added. This misalignment between statements and action, often called greenwashing, suggests that firms are driven to ESG reporting due to external factors and do not feel accountable for investment decisions that follow strategic disclosures. Investor environmental (E), social (S), and governance (G) strategies had different relationships with GP ESG approaches. Public institutional investors, fund size, and the presence of a civil law system were positive contributing factors to the LP/GP ESG relationship. Fund performance was negatively associated with the relationship. There was also a significant difference in the LP/GP ESG approach between European PE funds versus those in North America. These findings show that E, S, and G factors may be more accurately analyzed separately than as one combined cluster. The findings also show that local conditions influence ESG strategic alignment between LPs and GPs. They suggest policymakers consider unique country-level attributes and differences in fund-level characteristics when attempting to influence ESG disclosure. ESG rating services could consider including factors that measure alignment between investors’ strategic statements and their investment decisions. The results provide valuable information on corporate social responsibility (CSR) in private markets, which has yet to be broadly studied compared to the extensive CSR literature available on public companies.
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Date Issued: 2023
PURL: http://purl.flvc.org/fau/fd/FA00014300
Subject Headings: Private equity funds, Limited partnership, Social responsibility of business
Format: Document (PDF)

Title: EFFECTS OF PUBLIC RESEARCH UNIVERSITY LEADERSHIP ON INSTITUTIONAL FUNDRAISING PERFORMANCE AND THE MODERATING ROLE OF MANAGERIAL POWER AND TRANSFORMATIONAL LEADERSHIP BEHAVIORS.
Creator: DeHaney, Danita R., Neubaum,Donald O., Florida Atlantic University, Department of Management Programs, College of Business
Abstract/Description: This dissertation investigated the influence of university presidents and business school deans on fundraising performance at public research universities. Drawing on strategic choice theory, upper echelons theory, and transformational leadership theory, this research suggests that managerial power and transformational leadership behaviors moderate the relationship between an institution’s fundraising strategy and its performance. To test these hypotheses, data on strategic choice, managerial...
Show moreThis dissertation investigated the influence of university presidents and business school deans on fundraising performance at public research universities. Drawing on strategic choice theory, upper echelons theory, and transformational leadership theory, this research suggests that managerial power and transformational leadership behaviors moderate the relationship between an institution’s fundraising strategy and its performance. To test these hypotheses, data on strategic choice, managerial power, leadership behaviors, and leader demographics were collected from 79 U.S. public research universities for fiscal years 2017–2021. Panel regression, specifically random-effects generalized least squares regression models, tested the hypotheses. The study found that university presidents and business school deans who exhibited transformational leadership behaviors, had higher fundraising outcomes. Furthermore, the study identified a significant positive effect of a dean’s prior work experience at prestigious institutions on a business school’s fundraising performance. This implies that deans hailing from elite institutions might possess qualities or networks that significantly enhance fundraising outcomes.
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Date Issued: 2024
PURL: http://purl.flvc.org/fau/fd/FA00014522
Subject Headings: Educational leadership, Fund raising, College presidents, Deans (Education)
Format: Document (PDF)

Title: THE INFLUENCE OF STATE PERFORMANCE-BASED FUNDING ON PUBLIC HISTORICALLY BLACK COLLEGES AND UNIVERSITIES: A CASE STUDY OF RACE AND POWER.
Creator: Elliott, Kayla C., Warshaw, Jarrett B., Florida Atlantic University, College of Education, Department of Educational Leadership and Research Methodology
Abstract/Description: More than 30 states currently implement some form of outcomes or performancebased funding for public two-year and/or four-year institutions of higher education. Thirteen of these states have public Historically Black Colleges and Universities (HBCUs). Every state’s higher education governance and power relationships are a unique compilation of internal and external entities such as the governor, governing boards, policymakers, higher education staff and advisors, and the institution’s...
Show moreMore than 30 states currently implement some form of outcomes or performancebased funding for public two-year and/or four-year institutions of higher education. Thirteen of these states have public Historically Black Colleges and Universities (HBCUs). Every state’s higher education governance and power relationships are a unique compilation of internal and external entities such as the governor, governing boards, policymakers, higher education staff and advisors, and the institution’s administration, faculty, students, and alumni. Each entity holds power over the HBCU or its state policy context.
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Date Issued: 2019
PURL: http://purl.flvc.org/fau/fd/FA00013303
Subject Headings: Historically black colleges and universities, Higher education and state--Case studies, Race, Power (Psychology), Funding
Format: Document (PDF)

Title: An exploratory analysis of the dimensionality of the mechanisms that drive private giving among alumni association members and non-member donors.
Creator: Metcalf, Paul., College of Education, Department of Educational Leadership and Research MethodologyDepartment of Educational Leadership and Research Methodology
Abstract/Description: This study operationalized Bekkers and Wiepking's (2007, 2011) eight theoretical mechanisms that drive private giving, examining them within the context of alumni donor behavior at a selected public university in the southern region of the United States. The purpose of the study was to determine if the theoretical mechanisms that drive private giving represent distinct psychometric dimensions, and whether they are correlated with one another or essentially independent. A survey with 24...
Show moreThis study operationalized Bekkers and Wiepking's (2007, 2011) eight theoretical mechanisms that drive private giving, examining them within the context of alumni donor behavior at a selected public university in the southern region of the United States. The purpose of the study was to determine if the theoretical mechanisms that drive private giving represent distinct psychometric dimensions, and whether they are correlated with one another or essentially independent. A survey with 24 original items was created for this study, and completed by 178 alumni association member donors and non-member donors from the selected university. The study found support for six factors that are relatively independent of one another, contributing meaningfully to the overall multidimensional construct. The found factors were labeled efficacy, solicitation, reputation, values, altruism, and awareness of need as they fit reasonably well according to their original names. No differences were found between the mean response scores for alumni association member donors and non-member donors across the six dimensions. These results are beneficial for university fundraisers, alumni relations professionals, researchers in the field of philanthropy, and methodologists interested in developing instruments that measure the motivations for private giving.
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Date Issued: 2013
PURL: http://purl.flvc.org/fcla/dt/3362557
Subject Headings: Universities and colleges, Alumni and alumnae, Charitable contributions, Universities and colleges, Finance, University development, Educational fund raising
Format: Document (PDF)

Title: A PREFERRED PORTFOLIO PATTERN MODEL OF THE UNITED STATES ECONOMY, 1968-1972.
Creator: BAUM, CHRISTOPHER FREDERICK., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
Abstract/Description: This study deals with the theoretical development, estimation, and application of a financial model for the U.S. economy. The model is a 'preferred portfolio pattern' model, which was suggested by Richard Stone, and is based on the Flow-of-Funds Accounts. A background of the Flow of Funds framework and financial modelling begins the study, and is followed by an overview of traditional input-output techniques, required in the derivation of the model. Matrix adjustment of input-output systems...
Show moreThis study deals with the theoretical development, estimation, and application of a financial model for the U.S. economy. The model is a 'preferred portfolio pattern' model, which was suggested by Richard Stone, and is based on the Flow-of-Funds Accounts. A background of the Flow of Funds framework and financial modelling begins the study, and is followed by an overview of traditional input-output techniques, required in the derivation of the model. Matrix adjustment of input-output systems introduces Stone's 'financial input-output models', where his structure of sectoral balance sheets, input-output type financial models and preferred portfolio pattern models are discussed. Estimation of the model involves aggregation of FOP data and its categorisation by sectors and types of financial instruments. Empirical applications presented include short-term forecasting and an analysis of the model's dynamic time path.
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Date Issued: 1973
PURL: http://purl.flvc.org/fcla/dt/13561
Subject Headings: Funds-flow statements--United States, United States--Economic conditions--1961-1971--Mathematical models
Format: Document (PDF)

Title: IS IT WORKING? NARRATIVE PERSPECTIVES ON PERFORMANCE-BASED FUNDING POLICIES IN PUBLIC HIGHER EDUCATION.
Creator: Capp, James, Sapat, Alka, Florida Atlantic University, College for Design and Social Inquiry, School of Public Administration
Abstract/Description: Public higher education increasingly relies on performance-based funding (PBF) policies to enhance accountability. These policies attempt to steer institutions towards successful outcomes via performance indicators, such as graduation rates. Nationally, PBF policies continue to grow in popularity despite limited evidence that they are effective (Hillman, Tandberg, and Gross, 2014). Motivated by the apparent conflict between the widespread adoption of PBF policies and the lack of evidence that...
Show morePublic higher education increasingly relies on performance-based funding (PBF) policies to enhance accountability. These policies attempt to steer institutions towards successful outcomes via performance indicators, such as graduation rates. Nationally, PBF policies continue to grow in popularity despite limited evidence that they are effective (Hillman, Tandberg, and Gross, 2014). Motivated by the apparent conflict between the widespread adoption of PBF policies and the lack of evidence that they actually improve outcomes in higher education, this dissertation investigates the perceived impacts of PBF policies. Florida’s public university system serves as the setting for the study due to its uniquely punitive PBF policy design and the model’s non-standardized performance indicators.
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Date Issued: 2019
PURL: http://purl.flvc.org/fau/fd/FA00013290
Subject Headings: Higher education and state, Public universities and colleges--Florida--Administration, State universities and colleges--Florida--Finance, Performance-based funding
Format: Document (PDF)

Title: The social impact of structural adjustment on the Caribbean: The case of Jamaica, 1989-1993.
Creator: Thompson, Venesia Marie., Florida Atlantic University, Morton, Jeffrey S.
Abstract/Description: The International Monetary Fund/World Bank's campaign to restructure and revitalize Third World economies has been underway since 1977 but with little positive reviews. In the meantime, the living standards of the poor in these countries continue to deteriorate as more adjustment measures are employed. The purpose of this study is to challenge the "long-term benefits" argument by demonstrating that implementation of adjustment policies correlates with social decline. The study takes the form...
Show moreThe International Monetary Fund/World Bank's campaign to restructure and revitalize Third World economies has been underway since 1977 but with little positive reviews. In the meantime, the living standards of the poor in these countries continue to deteriorate as more adjustment measures are employed. The purpose of this study is to challenge the "long-term benefits" argument by demonstrating that implementation of adjustment policies correlates with social decline. The study takes the form of a case study of Jamaica and traces the historical developments to explain the current debt crisis. A number of social indicators which include cost of living, health, education, housing and crime are used to assess and determine the relationship between structural adjustment and living standards. The study concludes that because the aim of these financial institutions is debt recovery, there is little regard for human resource development, an area that is key to breaking the current cycle of dependency. The result is an inverse relationship between structural adjustment and social well-being.
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Date Issued: 1996
PURL: http://purl.flvc.org/fcla/dt/15365
Subject Headings: Structural adjustment (Economic policy)--Jamaica, Jamaica--Economic policy, Jamaica--Economic conditions, International Monetary Fund--Jamaica, World Bank
Format: Document (PDF)

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