Kaw Valley Bank Working Paper Series
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The Global Green New Deal and the Financial Statements
(Washburn University. School of Business, 2019-09-1)The Green New deal has suddenly been in public consciousness due to recently proposed legislation in the US congress. As far back as 2007 influential journalist Thomas Friedman used the phrase in his aiiicle, "The Power ... -
Optimal Target Rating and C Corp Valuation
(Washburn University. School of Business, 2019-08-1)We use data from Damodaran (2019) as inputs in the Capital Structure Model (CSM) to compute firm value (VL) for debt-for-unlevered equity choices. Because each VL is matched to a debt-to-firm value ratio (DV) and a credit ... -
Exploring Agency and Social Control through Comparative Biography : Robert Owen, Henry Ford, and E. Haldeman-Julius
(Washburn University. School of Business, 2019-08-1)Orthodox accounting and economic literature treats individuals as having full agency for rational decision making within the self-evident boundaries of a firm. Agency theory downplays the indirect mechanisms of social ... -
Tax Law and Business Growth
(Washburn University. School of Business, 2019-03-1)During December 2017, the U.S. Congress passed the Tax Cuts and Jobs Act (TCJA) that lowered tax rates. The Joint Committee on Taxation (JCT) of the U.S. Congress (2018) estimates that lower taxes will boost growth by about ... -
Women Farmers in Developed Countries: A Literature Review
(Washburn University. School of Business, 2018-11-1)Very little research into women farmers in developed countries has been produced by economists, but much of what has been studied by scholars in other disciplines has economic implications. This article reviews such research ... -
Sacrificing Corporate Investment for Stock Repurchases: Are Family Firms Different?
(Washburn University. School of Business, 2018-09-1)Recent changes to the US tax code have increased stock repurchases by US firms. Critics state and existing research provides evidence that firms forego valuable investment to repurchase stock for short-term stock price ... -
Hedge Fund Stratagems and Long-Run SEO Firm Performance
(Washburn University. School of Business, 2018-08-1)Purpose - To explore if hedge fund variables (HFVs) are associated with long-run compounded abnormal returns (CARs) for a six-year window around the offering month for firms undergoing seasoned equity offerings ... -
Exploration of Team Mental Model Characteristics to Identify Opportunities and Hindrances in Global Virtual Teamwork
(Washburn University. School of Business, 2019-01-1)While there is a significant volume of literature that studies teams and team working, the research in virtual teams and global virtual teamwork is still developing. The current research acknowledges the popularity of ... -
Voluntary Audits of Nonfinancial Disclosure and Earnings Quality: The Assurance of Corporate Social Responsibility Reports
(Washburn University. School of Business, 2019-09-1)We investigate the association between voluntary assurance of a firm's corporate social responsibility (CSR) report and earnings management. CSR reporting is believed to benefit a firm by increasing understanding of risks ... -
The Boundary Problem in Critical Accounting Discourse: Revisiting the 1912 Bread and Roses Textile Strike
(Washburn University. School of Business, 2019-08-1)The paper begins by reviewing literature that explains why movements labelled as 'socialist' have historically gained little traction in the U.S. This is followed by a consideration of institutional processes that create ... -
Keystone Internet Security Systems, Inc.: Balance Sheet Management for Value Creation
(Washburn University. School of Business, 2018-07-1)It was September 2015, Conrad Kirkpatrick's ninth month as CEO of Keystone Internet Security Systems (ticker symbol KISS). Kirkpatrick had overseen dramatic improvements in the operating and financial performance of his ... -
The Boundary Problem in Management Accounting: Moving Beyond Individual Ethics and Compliance
(Washburn University. School of Business, 2018-12-1)This paper looks at the problematic nature of intertwined boundaries as they have evolved over time. Traditional accounting literature takes firm boundaries as self-evident and is reluctant to question current institutional ... -
Blockchain in Accounting: An Overview and AIS Research Directions
(Washburn University. School of Business, 2019-03-1)Blockchain and its most famous implementation, Bitcoin (Nakamoto 2008) has recently received much attention among financial companies, technologists and investors. The blockchain approach which underlies Bitcoin and other ... -
Nonprofits and Pass-Throughs: Performance Comparison
(Washburn University. School of Business, 2020-11-1)Nonprofits (NPs) resemble pass-throughs (PTs) in size. While not profit-seeking like PTs, NPs should still seek to achieve maximum firm value (max VL). Using a historical growth rate of 3.12% and the same risk class, we ... -
Pedagogical Praxis for Reflection on Issues in Financial Crises
(Washburn University. School of Business, 2018-12-1)This paper illustrates how a Freirean pedagogical framework can be applied to promote a praxis of critical reflection on financial crisis and its educational impact. Freirean pedagogical praxis eschews the 'banking' approach ... -
Business Wealth and Tax Policy
(Washburn University. School of Business, 2019-03-1)We extend capital structure model (CSM) research by presenting equations to determine the maximum firm value for all for-profit organizations (FPOs) where FPOs contain the two major ownership forms of C corps and pass-throughs. ... -
Pass-Through Valuation with Growth
(Washburn University. School of Business, 2018-11-1)We build on the nongrowth pass-through capital structure model (CSM) research by adding growth and changes in tax rates. We begin by deriving CSM pass-through gain to leverage (GL) equations for nongrowth and growth when ... -
Has Excel Become a 'Golden Hammer': The Paradox of Data Analytics in SME Clusters
(Washburn University. School of Business, 2020-11-1)Demand for data analysis skills in the accounting profession is well documented and necessarily informs accounting curriculum and pedagogy. In this studyl, we find small and medium-sized entities (SMEs) use Excel spreadsheets ... -
Property Rights, Eminent Domain and Economic Development
(Washburn University. School of Business, 2020-02-1)A large proportion of the public support local governments' role in fostering economic development. Seventy percent of respondents to an American Planning Association (APA) poll, identified job creation as a high priority ... -
Students' Ethical Decision Making: Are We Assessing What We Think We are Assessing?
(Washburn University. School of Business, 2020-02-1)The Association to Advance Collegiate Schools of Business' (AACSB) accreditation standards specify that all business programs must include learning experiences that address ethical understanding and reasoning. Coupled with ...
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