Browsing Kaw Valley Bank Working Paper Series by Title
Now showing items 202-221 of 232
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A Tale of Two Banking Systems : The Performanace of U.S. and European Banks in the 21st Century
(Washburn University. School of Business, 2014-10-1)I compare the financial performance, growth, asset mix, risk, operational efficiency, profitability and capital holdings of the 20 largest commercial banks in the U.S. and Europe from 2001-2013. U.S. banks earned significantly ... -
Tax Increment Financing and Missouri: An Overview of How TIF Impacts Local Jurisdictions
(Washburn University. School of Business, 2011-04-1)In spite of TIF's [Tax increment financing] obvious importance to policy makers and developers, the general public and even many policy makers lack a fundamental understanding of TIF and how its use impacts local economies. ... -
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 ... -
A Teaching Application: Assessing the Valuation Impact of Debt
(Washburn University. School of Business, 2007-02-1)In this paper, we offer a teaching application of the capital structure decision-making process for a firm undergoing a change in its debt and equity mix. Our application uses a recent equation that contains the variables ... -
Technology's Role : Personified ERP System as a Social Actor Influencing IS Resistance
(Washburn University. School of Business, 2016-10-1)This novel enterprise systems research conceptualizes the Enterprise Resource Planning (ERP) system as a social actor. A personified ERP system is described and hypothesized as an element in the user's transactive memory ... -
Testing Equity Portfolios for Alpha Bias: An Exercise for Student Investment Funds
(Washburn University. School of Business, 2008-07-1)We present an exercise that guides students through the rationale and techniques for identifying and correcting for alpha bias in the reported performance of equity portfolios. The exercise is particularly relevant for ... -
The Time Series Behavior of the Market P/E Ratio: Earnings, Mean Reversion and Forecasting
(Washburn University. School of Business, 2005-07-1)We analyze periods characterized by high P/E ratios, using measures of the market P/E ratio based on both 1-year trailing earnings (the P/EI) and 10-year smoothed earnings (the P/E10). We find that high P/E periods are ... -
To Be or Not to Be an Ethnic Firm: Identity Strategies in Mitigating Liability for Foreignness for Immigrant Owned Organizations
(Washburn University. School of Business, 2010-02-1)Identity related problems for immigrant entrepreneurial firms have remained an understudied area within the literature of organization studies. In this paper we develop a theoretical framework that draws upon concepts of ... -
Tools an Economist Can Apply to Financial Statements to Identify Errors, Omissions, and Fraud in Business Valuations
(Washburn University. School of Business, 2003-12-1)Often economists are asked to value businesses. Many times the information given the economist is minimal and of questionable value. Parties wishing to bias the valuation may provide data. The financial statements typically ... -
Two Perspectives on Amazon's Intrinsic Value: Discounted Cash Flow vs. Discounted EVA Analysis
(Washburn University. School of Business, 2013-10-1)We present an advanced case study in financial analysis and intrinsic value modeling focused on Amazon, Inc. Part one of the case provides students with the opportunity to assess Amazon's financial strength and intrinsic ... -
U.S. Equities' Heartbreaking Performance is Nothing New
(Washburn University. School of Business, 2009-11-1)US equities have delivered poor long-term returns with surprising regularity: in the 1910s, the 1930s, the 1970s, and the 2000s. Following bear markets of the 1930s and the 1970s, stock valuations languished for a considerable ... -
U.S. Supreme Court Clarifies Constructive Discharge under Title VII: Responsibilities and Opportunities for Human Resources Practitioners
(Washburn University. School of Business, 2004-08-1)In 1998, the U.S. Supreme Court established a defense for employers to minimize liability against a Title VII claim of hostile work environment due to a supervisor's harassment unless the employee suffered a tangible ... -
Uncovering the Underdog Phenomenon
(Washburn University. School of Business, 2005-06-1)Through qualitative analysis we explore some of the different meanings of underdog, examine motives for underdog support, and provide outcomes of underdog support. We also examine perceptions of underdog and topdog supporter ... -
Underpricing, Tie-Ins, and the IPO Bubble: Some Empirical Evidence
(Washburn University. School of Business, 2005-01-1)We analyze underpricing in the United States surrounding the time of the collapse of the IPO market in the last quarter of 2000. During this quarter, the press gave insider accounts about how profits (from extreme underpricing) ... -
Understanding and Influencing Attackers' Decisions: Implications for Security Investment Strategies
(Washburn University. School of Business, 2006-04-1)We consider a model of economic behavior of attackers for the case when they are able to obtain complete information about the security characteristics of each target and the case when such information is unavailable. We ... -
Uninsured Deposits and Excess Share Insurance at U.S. Credit Unions : The Impact on Risk and Returns to Members
(Washburn University. School of Business, 2016-09-1)Using NCUA credit union call report data, I find that uninsured depositors and excess share insurers provide valuable monitoring benefits for credit unions for the years following the 2008 financial crisis. I find that ... -
Using Dimensional Analysis to Teach Production/Operations/Supply Chain Management
(Washburn University. School of Business, 2010-09-1)Scientists and engineers have been using the concept of dimensional homogeneity since it was introduced by Fourier (1822) "...every undetermined magnitude or constant has one dimension proper to itself, and the terms of ... -
Valuing the Hospital Industry from a Financing Efficiency Standpoint
(Washburn University. School of Business, 2017-01-1)We investigate the valuation of the non-government hospital industry focusing on two of its ownershiup structures: nonprofit hospitals (NPHs) and for-profit hospitals (FPHs). We find both structures are inefficient from ... -
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 ... -
Warranty Provision for Repeatedly Purchased Goods in a Competitive Environment
(Washburn University. School of Business, 2006-10-1)The abundance of different forms of warranties in today's consumer products retail market underscores the importance of studying the factors affecting the choice of a warranty contract made by a firm. In this paper, we ...