American Journal of Economics and Business Administration最新文献_第10页

THE IMPACT OF A LETTER OF MAP AMENDMENT ON FLOODPLAIN PROPERTY VALUE 地图修订通知书对洪泛区财产价值的影响

American Journal of Economics and Business Administration Pub Date : 2012-08-14 DOI: 10.3844/AJEBASP.2012.172.179

J. E. Larsen

{"title":"THE IMPACT OF A LETTER OF MAP AMENDMENT ON FLOODPLAIN PROPERTY VALUE","authors":"J. E. Larsen","doi":"10.3844/AJEBASP.2012.172.179","DOIUrl":"https://doi.org/10.3844/AJEBASP.2012.172.179","url":null,"abstract":"Substantial empirical evidence indicates properties across the United States that are located within a Special Flood Hazard Area (SFHA) sell at a discount compared to similar properties otherwise located. This result is also true in our sample. Researchers have suggested the price discount equals a combination of the present value of the required flood insurance premiums and the value of uninsurable costs. To identify the portion of the discount applicable to each component, analysts have been required to estimate applicable insurance premiums and to assume a discount rate. The present paper presents a methodology that does not require these prerequisites, but still enables separation of the discount into the two components. in the united states, the federal emergency management agency sometimes issues a Letter of Map Amendment (LOMA), which exempts a property from the requirement that it be insured against flood damage as a prerequisite to the owner obtaining a federally-related mortgage loan. Therefore, any price difference between non-LOMA SFHA properties and similar properties outside the SFHA should continue to equal the sum of the two components and any significant price difference between SFHA properties with a LOMA and similar properties located outside the SFHA should equal the present value of the uninsurable costs only. Hedonic regression is used to test this proposal by comparing the selling prices of single-family house transactions for properties located within and outside the SFHA in Kettering, Ohio. In our sample, no significant uninsurable costs were detected.","PeriodicalId":169514,"journal":{"name":"American Journal of Economics and Business Administration","volume":"108 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-08-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115685068","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

Contract Broiler Farming 合同肉鸡养殖

American Journal of Economics and Business Administration Pub Date : 2012-07-19 DOI: 10.3844/AJEBASP.2012.166.171

Todsadee Areerat, Kameyama Hiroshi, Ngamsomsuk Kamol, Yamauchi Koh-en

引用次数: 5

Current Status and Policy Implications for Fostering Social Entrepreneur 培育社会企业家的现状与政策启示

American Journal of Economics and Business Administration Pub Date : 2012-07-09 DOI: 10.3844/AJEBASP.2012.155.165

Yoon-Doo Kim, Seok Yoon

{"title":"Current Status and Policy Implications for Fostering Social Entrepreneur","authors":"Yoon-Doo Kim, Seok Yoon","doi":"10.3844/AJEBASP.2012.155.165","DOIUrl":"https://doi.org/10.3844/AJEBASP.2012.155.165","url":null,"abstract":"In this study, problems in current status of social entrepreneurs in Korea were examined and further policy issues for them were suggested as well. For the methodology, the study analyzed the drawbacks and policy implication of fostering social entrepreneurs through Focus Group Interview (FGI) on analysis of present condition of incubating social entrepreneur and programs for it. First, it should escape from personnel expense-centered one and convert to ecosystem-centered or division-centered project in the direction of the government for fostering social entrepreneurs, putting emphasis on follow-up management and evaluation. Second, it must suggest a standard model for social entrepreneur promotion project. In other words, the projects with low performance should be reduced and education models appropriate for new circumstances and changes must be adopted through not only programs standardized in divisions, categories and local provinces, but also appointing expert instructors and project evaluation. Third, it’s necessary to propose specific guideline for detailed education operation according to education trainee and objectives of social entrepreneur. Fourth, it is needed to have more various contents development and distribution by strengthening support for specialized foundation, management and case studies related to fostering social entrepreneurs. Finally, it is even more required to spread awareness on social economics relating to programs for fostering social entrepreneur. With the long-term perspective, it is needed to render policy and specialization for fostering Korean-model social entrepreneurs, which is able to raise competent social entrepreneurs suitable for each stage of growth such as sourcing, incubation and launching social entrepreneurs.","PeriodicalId":169514,"journal":{"name":"American Journal of Economics and Business Administration","volume":"177 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-07-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132933264","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: 8

PRACTITIONER AND FACULTY PERSPECTIVES ON THE CAREER PREPARATION OF ENTRY-LEVEL PUBLIC ACCOUNTANTS 从业人员和教师对入门级公共会计师职业准备的看法

American Journal of Economics and Business Administration Pub Date : 2012-06-18 DOI: 10.3844/AJEBASP.2012.144.154

Kathryn Simms, Enrique G. Zapatero

{"title":"PRACTITIONER AND FACULTY PERSPECTIVES ON THE CAREER PREPARATION OF ENTRY-LEVEL PUBLIC ACCOUNTANTS","authors":"Kathryn Simms, Enrique G. Zapatero","doi":"10.3844/AJEBASP.2012.144.154","DOIUrl":"https://doi.org/10.3844/AJEBASP.2012.144.154","url":null,"abstract":"Entry-level public accountants in the U.S. must satisfy a litany of historically unparalleled requirements and demands. This unique set of challenges calls forth new questions about how effectively entry-level accountants are navigating the divide between their conceptual educations and the practical rigors of public practice. To examine these questions, we relied on qualitative analysis predicated on a theoretical framework of constructivism and systems theory. Our study confirmed practitioners’ perceptions about the preparation of entry-level accountants that have been documented for nearly a hundred years: Entry-level accountants’ shortcomings often include written and oral communications skills, interpersonal skills and critical thinking skills. However, what is unique to this study is that we also considered faculty perspectives. Faculty concurred with practitioners’ perspectives on entry-level accountants’ strengths and weaknesses-noting considerable growth in most problem areas over the college years. Practitioners and faculty also largely agreed about the pathway to successful and unsuccessful careers in public accounting. We suggest that continuing the historical perspective of extreme separation between academia and the business world is not particularly beneficial to the career preparation of junior accountants. Rather, we recommend that viewing accounting faculty and practitioners as part of the same continuum is likely to be more advantageous to the preparation of entry-level accountants and to the profession as a whole. We also conclude that differences in faculty and practitioner perspectives serve as checks and balances on the accounting profession-although more collaboration might facilitate greater improvements.","PeriodicalId":169514,"journal":{"name":"American Journal of Economics and Business Administration","volume":"13 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-06-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116683431","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: 6

STOCK MARKET DEVELOPMENT AND ECONOMIC GROWTH AN EMPIRICAL ANALYSIS 股票市场发展与经济增长的实证分析

American Journal of Economics and Business Administration Pub Date : 2012-06-12 DOI: 10.3844/AJEBASP.2012.135.143

Valavanidis Athanasios, Adamopoulos Antonios

{"title":"STOCK MARKET DEVELOPMENT AND ECONOMIC GROWTH AN EMPIRICAL ANALYSIS","authors":"Valavanidis Athanasios, Adamopoulos Antonios","doi":"10.3844/AJEBASP.2012.135.143","DOIUrl":"https://doi.org/10.3844/AJEBASP.2012.135.143","url":null,"abstract":"This study investigated the causal relationship between stock market development and economic growth for Greece for the period 1978-2007 using a Vector Error Correction Model (VECM). Questions were raised whether stock market development causes economic growth taking into account the negative effect of interest rate on stock market development. The purpose of this study was to investigate the short-run and the long-run relationship between the examined variables applying the Johansen co-integration analysis. To achieve this objective unit root tests were carried out for all time series data in their levels and their first differences. Johansen co-integration analysis was applied to examine whether the variables are co-integrated of the same order taking into account the maximum eigenvalues and trace statistics tests. Finally, a vector error correction model was selected to investigate the long-run relationship between stock market development and economic growth. A short-run increase of economic growth per 1% induced an increase of stock market index 0.41% in Greece, while an increase of interest rate per 1% induced a relative decrease of stock market index per 1.42% in Greece. The estimated coefficient of error correction term was statistically significant and had a negative sign, which confirmed that there was not any problem in the long-run equilibrium between the examined variables. The results of Granger causality tests indicated that there is a unidirectional causality between stock market development and economic growth with direction from economic growth to stock market development and a unidirectional causal relationship between economic growth and interest rate with direction from economic growth to interest rate. Therefore, it can be inferred that economic growth has a direct positive effect on stock market development while interest rate has a negative effect on stock market development and economic growth respectively.","PeriodicalId":169514,"journal":{"name":"American Journal of Economics and Business Administration","volume":"10 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-06-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125649205","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

Other Post Employment Benefits-The Other Elephant in the Room 其他离职后的福利——房间里的另一头大象

American Journal of Economics and Business Administration Pub Date : 2012-04-28 DOI: 10.3844/AJEBASP.2012.122.128

Catherine Plante

引用次数: 0

IS COLOR PERCEPTION OF PACKAGES AFFECTED BY THEIR IN-AISLE POSITION? 包装的颜色感知是否受到通道内位置的影响?

American Journal of Economics and Business Administration Pub Date : 2012-04-20 DOI: 10.3844/AJEBASP.2012.116.121

D. Porcheddu, M. Pugliatti, A. Pinna

{"title":"IS COLOR PERCEPTION OF PACKAGES AFFECTED BY THEIR IN-AISLE POSITION?","authors":"D. Porcheddu, M. Pugliatti, A. Pinna","doi":"10.3844/AJEBASP.2012.116.121","DOIUrl":"https://doi.org/10.3844/AJEBASP.2012.116.121","url":null,"abstract":"The retail environment is characterized by numerous competing stimuli vying for the consumers attention. Products packages feature both verbal and nonverbal elements. Nonverbal stimuli, like package colors, seem to be particularly relevant for perception. Knowing whether there is preferential positioning of colored items on the shelves is fundamental for retailers. In addition, some colors may be better perceived than others. The purpose of this study was to investigate whether the color perception of packages in a supermarket is affected by their in-aisle position and by their color type. In a lab setting, 120 right-handed subjects were asked to look at 3 series of images on a screen. Images showed a virtual supermarket aisle. The aisle had two identical opposite gondolas, each containing the same number of items of same size and shape. In each image, apart from one single colored item, all other items were gray. In each series, the colored item was always of the same primary color (blue, red or green) and it was displayed an equal number of times on the right and on the left. For each image, subjects were asked to locate the colored item as quickly as possible. Accuracy and response time of answers were recorded. Colored items were perceived more accurately and rapidly when they were displayed on the left gondola to the observer. This phenomenon was specifically color-dependent, as red and blue items were better perceived than green ones. Our results support the hypothesis of an asymmetric perception of colored items in the aisle. Retailers should consider that the consumers perception of colored package is more accurate and fast when the items are positioned on the left gondola. They should also consider that some colors may be more effective than others in catching customers attention.","PeriodicalId":169514,"journal":{"name":"American Journal of Economics and Business Administration","volume":"2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-04-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126135213","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

The Trade Structure of Chinese Manufactured Exports: 1999-2009 中国制造业出口贸易结构:1999-2009

American Journal of Economics and Business Administration Pub Date : 2012-04-01 DOI: 10.3844/AJEBASP.2012.197.206

Hao Wei, Xi Wang

引用次数: 2

INFLATION AND FINANCIAL DEVELOPMENT: EVIDENCE 通货膨胀与金融发展:证据

American Journal of Economics and Business Administration Pub Date : 2012-04-01 DOI: 10.3844/ajebasp.2012.227.236

E. Abbey

{"title":"INFLATION AND FINANCIAL DEVELOPMENT: EVIDENCE","authors":"E. Abbey","doi":"10.3844/ajebasp.2012.227.236","DOIUrl":"https://doi.org/10.3844/ajebasp.2012.227.236","url":null,"abstract":"The study examined the impact of inflation on financial development in Ghana using quarterly time series data (1990-2008). It was in line with the empirical works that provided support for the proposition that inflation affects financial development negatively. While price stability has been emphasized in the literature to be the best antidote in addressing the problem, recent evidence of disagreements on its definition and the ways to achieving it, coupled with, threshold effects between the two variables have questioned the precise link between the two variables and their acclaimed antidote. The study therefore made use of the Cointegration Approach the Granger Causality testing procedure suggested and the Conditional Least Squares technique to address these issues for the case of Ghana. The study established several statistically significant and economically meaningful relationships between the two variables. Pair-wise correlation analysis established a negative association between the two variables. In contrast, conflicting results were produced with regression analysis: the relationship between the two variables in the short run was established to be positive, while no relationship at all was established in the long run. Furthermore, a unidirectional causal link was established to be running from inflation to financial development; when the ratio of private sector credit to GDP and the market capitalization ratio were used as indicators for financial development. Lastly, threshold effects were observed in the inflation-financial development relation for inflation rates between 11-16% per annum. The study thus recommended the definition of price stability for inflation rates between 11-16% in support of financial development in Ghana. Additionally, it was recommended that the country should promote financial sector policies in a more holistic approach, as financial development does not granger cause inflation or inflationary pressures.","PeriodicalId":169514,"journal":{"name":"American Journal of Economics and Business Administration","volume":"56 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115054756","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: 23

THE EXPLANATORY VARIABLES OF OUTWARD FOREIGN DIRECT INVESTMENT: PANEL EVIDENCE 对外直接投资的解释变量:面板证据

American Journal of Economics and Business Administration Pub Date : 2012-04-01 DOI: 10.3844/AJEBASP.2012.207.215

N. Apergis, D. Asteriou, K. Papathoma

引用次数: 1