Two months of fieldwork was conducted during the summer of 2014 in Nicaragua, through qualitative interviews the aims was to investigate the Value Chain of dried mango and its potential as an alternative income source for livelihood improvements for households in Manzano Uno, Nicaragua. The idea to investigate dried mango in particular originates from a conversation in the spring of 2012 with Ben Orton, co- founder of local NGO Waves of Hope, who considered the idea after witnessing the huge amounts of ripe mango falling to the ground and rutting away during the peak season in Manzano Uno. The research problem in a bigger context is related to the debate on how developing countries, and rural parts in particular, are often excluded from the benefits that come with a globalized market economy, since they often lack the tools to participate or do so on unfavorable terms. The idea of a Value Chain Analysis is to detect where along the production line value is added to a product from raw to finished good. Income Diversification comes in to the investigation and contributes to the conclusion that it would be favorable for livelihood improvements to households in Manzano Uno to diversify income sources, to create more secure and higher quality income. The value chain analysis is mainly based on information provided by Sol Simple, an organic-fruit drying plant in San Ramon, Nicaragua and is one out of two fruit processing enterprises in the country. They have been growing every year and have positive expectations of the future. Dried fruit and mango in particular seems to have good prospects for future demand as export products and one important addition is the sustainable, organic and Fairtrade markets which all enable higher product prices and thereby enable bigger shares to go back to the local producers. The federal incentives in Nicaragua include focus on the foreign investment to the country and quantity secondary education, which is concluded to not always be quality education. The high share of investments and entrepreneurships from foreigners are explained by the high security profile in the country, fertile lands and the lowest minimum wage in the region.

Thesis (Ph. D.)--Michigan State University. Dept. of Telecommunication, Information Studies and Media, 2006. / Title from PDF t.p. (viewed on June 19, 2009) Includes bibliographical references (p. 108-116). Also issued in print.

Thesis (Ph. D.)--University of Chicago, Dept. of Economics. / Includes bibliographical references. Also available on the Internet.

Thesis (MS)--Montana State University--Bozeman, 2010. / Typescript. Chairperson, Graduate Committee: Vincent H. Smith. Includes bibliographical references (leaves 82-90).

Thesis (Ph. D.)--University of Texas-Pan American, 2000. / Vita. Includes bibliographical references (leaves 132-140).

Philosophiae Doctor - PhD / The aim of this study was to determine the effects of participation in a single sport small-sided games (SSG) programme compared to a multi-sport SSG programme on the physical fitness, gross motor coordination, soccer skills and application of tactics during soccer games of grade four children from a disadvantaged community. Two intact classes of boys and girls (n= 39 and n=40) participated in a six-week, 2x per week intervention programme. One class specialized in soccer and the other engaged in a diversified programme where they sampled hockey and team handball along with soccer. In terms of pedagogy, both classes followed a deliberate play model with its focus on intrinsic learning and non-intervention by a coach. Data were collected during pre-, post- and retention test periods. Both boys’ groups achieved significant improvements in their muscle endurance-push-ups, power and aerobic endurance on the retention test. Only the boys who participated in the multi-sport SSG programme achieved a significant improvement on their muscle endurance-sit-ups. The girls from both groups showed significant improvements in all physical fitness variables, with the exception of the girls in the muti-sport programme who did not achieve a significant improvement in their speed. Significant improvements were experienced by all groups for gross motor coordination and soccer skills. The boys in the soccer SSG programme demonstrated improvements in both offensive and defensive tactics while the boys in the multi-sport SSG programme improved in the application of their defensive tactics only. The girls who participated in the soccer SSG programme also improved in their defensive tactics while the girls who participated in the multi-sport SSG programme achieved improvements in their application of both offensive and defensive tactics. The results of this study support proponents of the Developmental Model of Sport Participation as presented in current sport pedagogy literature, who claim that the physical and tactical benefits pre-pubescent children derive from participation in a diversified games programme will be similar to those benefits derived from participation in a specialized sport-specific game programme, providing the sports involved are late specialization sports. These results support the conclusion that it is not necessary for pre-pubescent children to specialize in a late specialization sport such as soccer in order to progress in their ability to play soccer. They can make similar progress if they participate in a diversified games programme that provides them with a broader experience with sports that have similar physical and tactical requirements.

Faced with depleted oil stocks from 2035 onwards, the Kingdom of Saudi Arabia has a strategy of becoming a more knowledge-based economy by indigenously exploiting transferred technologies. However, despite significant investment in university-based technology transfer and incubation facilities, there is little progress in establishing high-growth advanced technology companies outside of the oil sector. The thesis explores the commercialisation of university knowledge in university-based incubators in the Kingdom of Saudi Arabia and contrasting with arrangements in the UK, to identify the cause of low spinout rates and what can be done. Beginning with a systematic review of literature on innovation and entrepreneurship as it applies to commercialisation, the thesis identifies gaps and areas of controversy in the literature. From previous research an initial conceptual framework is developed to guide data gathering, its presentation and analysis. Using a qualitative method a sample of twenty-four Saudi interviews and eight UK interviews is justified. Significant new data on Saudi incubator policy, processes and outcomes is presented alongside new data from the UK. This is then analysed from an in-case and cross-case perspective and then re-integrated with literature. A revised conceptual framework is presented and conclusions for theory and practice drawn. The thesis adds to the multidisciplinary bodies of knowledge for example by updating Gerschenkron’s (1966) theory of catch-up, challenging the validity of Etzkowitz’s (1983) triple helix theory, and arguing that North’s (1990) neo-institutional theory is ethnocentric. I argue that culture is a major influence on commercialisation in developing countries and consciously changing cultures necessary for Saudi Arabia’s transition from a rentier state. I find little empirical evidence in either the UK or Saudi Arabia for theories (Shane 2004) of academic entrepreneurship. I conclude that major reforms of Saudi universities and commercialisation processes are necessary if the strategy is to contribute significantly towards diversification of the economy.

Masters of Art / Diversifying livelihoods has over the last two decades been identified as an important theme in the development work, particularly concerning the poverty reduction agenda. In the developing world, farm households, urged on by their survival instinct, diversify away from traditional subsistence agriculture to the production of high-value crops and at other times engage in off-farm and non-farm activities. This has become necessary due to the failures of agriculture to guarantee farm households sustainable livelihoods and improve their welfare. In sub-Saharan Africa, diversification is a vital instrument for reducing rural people’s risk to poverty. In recent years, however, diversification has been closely linked to food security. This is due to the fact that chronic food insecurity and its accompanying vulnerabilities continue to thwart poverty reduction efforts in the developing world. Paradoxically, whereas available statistics suggests that there is enough food to feed everyone, close to 900 million of the world’s population is still food insecure. By implication, the food security challenge hinge on ‘access’ rather than food availability. In sub-Saharan Africa and for that matter Northern Ghana, the phenomenon is quite pervasive, often affecting rural farm households. This signals one thing – a travesty to the existence of international human rights frameworks. Already, available empirical studies on the extent to which diversification amongst farm households impact on assuring household food security have revealed mixed results and are silent on the gender consequences. Using World Food Programme’s 2012 Comprehensive Food Security and Vulnerability Analysis survey conducted in northern Ghana and an ordinary least squares estimator, this study sought to examine how livelihood diversification contributes to household food security and subsequently validate its effect for male and female-headed farm households in the Bole district of the Northern region of Ghana. Results from the study revealed a significant positive relationship between livelihood diversification (the number of livelihood activities farm households engaged in) and household food security (household food consumption score). Whereas similar result was observed for male-headed households, that of female-headed households was insignificant even though positive. Following this, the study proposes a two-fold policy strategy for optimizing the impact of livelihood diversification on guaranteeing food security amongst farm households in the case study district in particular and northern Ghana in general. Firstly, support for boosting smallholder agriculture should be pursued rigorously, taking advantage of programmes such as the Savannah Plan for Accelerated Growth. Secondly, sustaining, up-scaling and re-orienting programmes such as Rural Enterprises Project and creating the policy milieu for farm households to explore local opportunities like eco-tourism should be mainstreamed, taking into account concerns of gender.

In the first essay using a sample of 3437 U.S. companies over the period 1992-2014, I demonstrate that international business activities of newly listed firms influence their corporate policies. Specifically, firms earning foreign pre-tax income at an early phase of their growth and development have higher investment and a higher propensity to acquire. I show that cash holdings are lower for firms involved in foreign activities, supportive of Duchin’s (2010) coinsurance theory. Further, CEOs of globally diversified firms have less pay-for-performance sensitivity than those of purely domestic firms. The second essay examines the impact of the Sarbanes-Oxley Act (SOX, 2002) on excess valuation calculated with the “chop shop” approach, which is typically used to measure the diversification discount. The results indicate a significant drop in excess valuation after SOX for both pure-play and multi-segment companies. Additional investigation of the calculation methodology and a difference-in-differences model show no distinction in this impact between un-accelerated and accelerated companies. There is no evidence to support that the Sarbanes-Oxley Act leads firms to diversify or focus. I run several robustness tests by including 2003 observations, creating a 2000-2006 subsample, excluding geographic segments. Finally, when in a firm's life would it fit for it to become involved in global strategies? What are the important influences on the decisions of young and mature firms to go international? I answer these questions in the third essay by examining the determinants that affect the choices of born-globals (BGs) and born-again globals (BaGs) to expand worldwide. My study is based on pre-existent theories of diversification, and I place specific emphasis on the conceivable role of peer influence and the motivation or desire for growth. I further study the entrenchment, the idiosyncratic risk, and the innovation caliber hypothesis. My results document that innovation efficiency strongly enhances BG’s propensity to global diversify. On the other hand, peer pressure, CEO ownership and idiosyncratic risk level significantly influence BGs not to globalize. In contrast, BaGs are positively influenced by their industry peers, showing how competition works in the financial markets for youthful versus mature companies.

My dissertation consists of three essays. The central theme of these essays is the psychological factors and biases that affect the portfolio allocation decision. The first essay entitled, “Are women more risk-averse than men?” examines the gender difference in risk aversion as revealed by actual investment choices. Using a sample that controls for biases in the level of education and finance knowledge, there is evidence that when individuals have the same level of education, irrespective of their knowledge of finance, women are no more risk-averse than their male counterparts. However, the gender-risk aversion relation is also a function of age, income, wealth, marital status, race/ethnicity and the number of children in the household. The second essay entitled, “Can diversification be learned?” investigates if investors who have superior investment knowledge are more likely to actively seek diversification benefits and are less prone to allocation biases. Results of cross-sectional analyses suggest that knowledge of finance increases the likelihood that an investor will efficiently allocate his direct investments across the major asset classes; invest in foreign assets; and hold a diversified equity portfolio. However, there is no evidence that investors who are more financially sophisticated make superior allocation decisions in their retirement savings. The final essay entitled, “The demographics of non-participation”, examines the factors that affect the decision not to hold stocks. The results of probit regression models indicate that when individuals are highly educated, the decision to not participate in the stock market is less related to demographic factors. In particular, when individuals have attained at least a college degree and have advanced knowledge of finance, they are significantly more likely to invest in equities either directly or indirectly through mutual funds or their retirement savings. There is also evidence that the decision not to hold stocks is motivated by short-term market expectations and the most recent investment experience. The findings of these essays should increase the body of research that seeks to reconcile what investors actually do (positive theory) with what traditional theories of finance predict that investors should do (normative theory).