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Integrity and Learning: Enhancing Workability and Student Performance Outcomes 诚信和学习:提高可操作性和学生的表现成果
Texas A&M University Mays Business School Research Paper Series Pub Date : 2012-09-18 DOI: 10.2139/SSRN.2148783
Steven C. Isberg, Tomas Thundiyil, R. H. Owen
{"title":"Integrity and Learning: Enhancing Workability and Student Performance Outcomes","authors":"Steven C. Isberg, Tomas Thundiyil, R. H. Owen","doi":"10.2139/SSRN.2148783","DOIUrl":"https://doi.org/10.2139/SSRN.2148783","url":null,"abstract":"This paper uses a positive model of integrity to assess the impact of the practice of integrity on student learning outcomes. The model posits integrity as honoring one's word, and provides a very clear and specific definition of what constitutes one's word. The model is then implemented in a classroom setting, where the degree to which students honor their word is measured. Subsequent statistical tests demonstrate that higher levels of integrity are associated with superior classroom performance, even after controlling for factors such as incoming grade point average and personality traits.","PeriodicalId":125760,"journal":{"name":"Texas A&M University Mays Business School Research Paper Series","volume":"48 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-09-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125216225","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Do Individuals Have Preferences Used in Macro-Finance Models? An Experimental Investigation 宏观金融模型中个人是否有偏好?实验研究
Texas A&M University Mays Business School Research Paper Series Pub Date : 2012-07-19 DOI: 10.1287/mnsc.2013.1794
Alexander L. Brown, Hwagyun Kim
{"title":"Do Individuals Have Preferences Used in Macro-Finance Models? An Experimental Investigation","authors":"Alexander L. Brown, Hwagyun Kim","doi":"10.1287/mnsc.2013.1794","DOIUrl":"https://doi.org/10.1287/mnsc.2013.1794","url":null,"abstract":"Recent financial studies often assume that agents have Epstein--Zin preferences---preferences that require agents to care about when uncertainty is resolved. Under this “recursive-preference” framework, the preference for uncertainty resolution is entirely determined by an agent's preferences for risk and intertemporal substitution. To test the implications of this model, this paper presents an experiment designed to elicit subject preferences on risk, time, intertemporal substitution, and uncertainty resolution. Results reveal that most subjects prefer early resolution of uncertainty and have relative risk aversion greater than the reciprocal of the elasticity of intertemporal substitution, consistent with the predictions by recursive preferences. Subjects are classified in a finite mixture model by their risk, time, and intertemporal-substitution parameters. Regression results show that types predicted by the Epstein--Zin model to prefer early resolution choose early resolution with 20%--50% higher probability.Data, as supplemental material, are available at http://dx.doi.org/10.1287/mnsc.2013.1794 This paper was accepted by Brad Barber, finance.","PeriodicalId":125760,"journal":{"name":"Texas A&M University Mays Business School Research Paper Series","volume":"7 4","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-07-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132940020","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 48
Trade, Urbanization, and Growth 贸易、城市化和增长
Texas A&M University Mays Business School Research Paper Series Pub Date : 2011-09-21 DOI: 10.2139/ssrn.1931468
Hwagyun Kim, S. Choi, Xiaohan Ma
{"title":"Trade, Urbanization, and Growth","authors":"Hwagyun Kim, S. Choi, Xiaohan Ma","doi":"10.2139/ssrn.1931468","DOIUrl":"https://doi.org/10.2139/ssrn.1931468","url":null,"abstract":"This paper proposes a neoclassical growth model of a small open economy, connecting international trade to real GDP growth and structural transformation from agriculture to non-agriculture. The calibrated model generates 'growth miracles,' to which the contributors are learning by doing and accelerated structural transformation. Quantitative results show that effects from the latter with opening up international trade are quintessential in accounting for the explosive growth patterns observed in newly industrialized economies. Trade policies (such as tariffs), relative productivity between agriculture and non-agriculture, and the persistence of urbanization process jointly affect the growth after opening.","PeriodicalId":125760,"journal":{"name":"Texas A&M University Mays Business School Research Paper Series","volume":"3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-09-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128646110","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
Board Quality and the Cost of Debt Capital: The Case of Bank Loans 董事会质量与债务资本成本:以银行贷款为例
Texas A&M University Mays Business School Research Paper Series Pub Date : 2010-06-01 DOI: 10.2139/ssrn.1590298
Paige Fields, D. Fraser, A. Subrahmanyam
{"title":"Board Quality and the Cost of Debt Capital: The Case of Bank Loans","authors":"Paige Fields, D. Fraser, A. Subrahmanyam","doi":"10.2139/ssrn.1590298","DOIUrl":"https://doi.org/10.2139/ssrn.1590298","url":null,"abstract":"We analyze the relation between comprehensive measures of board quality and the cost as well as the non-price terms of bank loans. We show that firms that have higher quality boards with a greater advisory presence borrow at lower interest rates. This relation exists even after controlling for ownership structure, CEO compensation policy, and shareholder protection, as well as the size and financial characteristics of the borrower and of the loan. We also show evidence that board quality and other governance characteristics influence the likelihood that loans have covenant requirements, but the relations differ by covenant type. When we combine the direct and indirect costs of bank loans we find that firms with large, independent, experienced, and diverse boards and lower institutional ownership borrow more cheaply. Overall, the evidence indicates that board quality impacts the cost of bank debt.","PeriodicalId":125760,"journal":{"name":"Texas A&M University Mays Business School Research Paper Series","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117095468","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 167
Seize the Day! Encouraging Indulgence for the Hyperopic Consumer 抓住每一天!鼓励远视消费者的放纵
Texas A&M University Mays Business School Research Paper Series Pub Date : 2008-12-01 DOI: 10.1086/592129
Kelly L. Haws, Cait Lamberton
{"title":"Seize the Day! Encouraging Indulgence for the Hyperopic Consumer","authors":"Kelly L. Haws, Cait Lamberton","doi":"10.1086/592129","DOIUrl":"https://doi.org/10.1086/592129","url":null,"abstract":"This article explores the phenomenon of \"hyperopia,\" or an aversion to indulgence, as introduced by Kivetz and Keinan ( 2006 ) and Kivetz and Simonson ( 2002 ). We first develop a measure to capture hyperopia as an individual difference. Three empirical studies use this measure to demonstrate that hyperopia and high self-control are both conceptually and empirically distinct. Further, we show that altering the level at which an action or item is construed can make an indulgent goal or luxury product more appealing to the high hyperopia consumer by influencing its value in terms of an attractive long-term outcome. (c) 2008 by JOURNAL OF CONSUMER RESEARCH, Inc..","PeriodicalId":125760,"journal":{"name":"Texas A&M University Mays Business School Research Paper Series","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2008-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123736570","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 92
The Impact of Specialist Firm Acquisitions on Market Quality 专业公司收购对市场质量的影响
Texas A&M University Mays Business School Research Paper Series Pub Date : 2000-11-01 DOI: 10.2139/ssrn.252188
Brian C. Hatch, Shane A. Johnson
{"title":"The Impact of Specialist Firm Acquisitions on Market Quality","authors":"Brian C. Hatch, Shane A. Johnson","doi":"10.2139/ssrn.252188","DOIUrl":"https://doi.org/10.2139/ssrn.252188","url":null,"abstract":"Acquisitions among specialist firms can increase specialist firm size, capitalization, and market concentration, and thus potentially have important effects on market quality. We examine the impact of NYSE specialist firm acquisitions on market quality and find that while stocks traded by both acquiring and target specialist firms show significant improvement in several market quality measures following acquisitions, similar changes are evident in price- and volume-matched control stocks traded by specialist firms not involved in acquisitions. We conclude that specialist firm acquisitions either do not improve market quality, or improve market quality, but competitive and other pressures (resulting partly from the acquisitions themselves) force improvements in market quality for control stocks also. Either interpretation implies that specialist acquisitions have not had deleterious effects on market quality.","PeriodicalId":125760,"journal":{"name":"Texas A&M University Mays Business School Research Paper Series","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2000-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122616448","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 27
The Effects of Securitization on Mortgage Market Yields: A Cointegration Analysis 证券化对抵押贷款市场收益的影响:协整分析
Texas A&M University Mays Business School Research Paper Series Pub Date : 1998-10-24 DOI: 10.1111/1540-6229.00761
J. Kolari, D. Fraser, Ali Anari
{"title":"The Effects of Securitization on Mortgage Market Yields: A Cointegration Analysis","authors":"J. Kolari, D. Fraser, Ali Anari","doi":"10.1111/1540-6229.00761","DOIUrl":"https://doi.org/10.1111/1540-6229.00761","url":null,"abstract":"Securitization of the residential mortgage market has completely transformed the process of financing home loans in the U.S. over the last two decades. We examine the effects of securitization on yield spreads in the primary mortgage market. Cointegration techniques are employed to test the relationship between the increasing volume of mortgage securities over time and the yield spread on mortgage loan rates. We find that a 10% increase in the level of mortgage securitization as a proportion of total mortgage originations decreases yield spreads on home loans by as much as 20 basis points. Other results indicate that, while prepayment speed has a significant effect on mortgage yield spreads, default risk does not. We conclude that securitization of the residential mortgage market plays an important role in decreasing the cost of home loans. Copyright American Real Estate and Urban Economics Association.","PeriodicalId":125760,"journal":{"name":"Texas A&M University Mays Business School Research Paper Series","volume":"41 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1998-10-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127465432","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 64
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