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Real Cost ManagementFang, Shunlan January 2013 (has links)
This dissertation examines how managers make cost decisions under significant economic events. The economic events of interests are the economic crisis from 2008 to 2010 and corporate loan financing. The economic crisis caused many firms to experience sales declines and created tremendous pessimism about prospects of sales rebounding in the future. I find that not all firms were affected equally. Sales-down firms exhibit anti-sticky cost behavior during this period; that is, costs are cut back more steeply as sales fall than they increase as sales rise. Such a behavior during the economic crisis is exactly the opposite of the average sticky cost behavior during normal economic periods documented in prior accounting research. This, in turn, implies that net income and cash flows from operations (as percentage of sales) may increase, rather than decrease for sales-down firms during an economic downturn. In the second study, I use a difference-in-difference research design to examine whether and how managers engage in cost management before and after loan financing. I find that managers significantly cut back operating expenses prior to loan financing. However, cost reduction is asymmetric with respect to the direction of sales changes. Compared with firms experiencing sales increases, firms experiencing sales declines reduce costs to a greater extent prior to financing and also exhibit a reversion in the cost level after financing. The reversion in cost level is negatively related to the percentage of financial covenants that are based on earnings. I do not find consistent evidence supporting that managers engage in accrual management, overproduction or asset sales. / Business Administration/Interdisciplinary
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Ethnic Identities among Second-Generation Haitian Young Adults in Tampa Bay, Florida: An Analysis of the Reported Influence of Ethnic Organizational Involvement on Disaster Response after the Earthquake of 2010Telus, Herrica 01 January 2011 (has links)
Drawing upon 20 in-depth interviews with second generation Haitian young adults, I examined the ethnic identities and the involvement in ethnic organizations of the respondents. This study pays particular attention to how involvement in ethnic organizations influenced how the second generation Haitians believed the earthquake affected their identities and how they ultimately responded to the earthquake. Several of the findings revealed differences in how and why the respondents chose to ethnically identify such as Haitian, Haitian-American, black Haitian. The respondents' choice to join an ethnic organization was driven by different desires but the perceived influence of the organization on their ethnic identities resulted in an increase in cultural knowledge as well as an ability to stay rooted in the culture. However, the lack of participation on the part of some of the respondents was a choice dictated by conflicts of authenticity, time, and responsibilities. The comparison between involved and non-involved respondents in terms of their response to the earthquake revealed that involved respondents were more active in volunteer projects. Involvement in ethnic organizations influenced how the second generation Haitians perceived the earthquake affected their identities, and ethnic affirmation in terms of a desire to visit Haiti was expressed by involved respondents. The implications of this study revealed the importance of establishing ethnic organizations in middle and high schools in order to foster a sense of pride through knowledge at an earlier age.
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Svět očima raně novověkého měšťana / World from the point of view of the citizen in Early Modern AgeSojková, Alena January 2014 (has links)
This diploma thesis covers the individual citizens' perception of suburban events in order to discuss the point of view of the early modern Czech citizen and their ability to gain information of the world around through the analysis of such suburban events that were registered in the chosen chronicles, originating between the years 1575-1600, a period that is considered "a golden age of the Czech cities". First, the background of the chroniclers is outlined, because it might have influenced the choice of events they decided to include in their works, i.e. the position of the concrete city, the level of education in the said period or the author's personal life. Second, the general knowledge of the authors is described in the thesis through the means of analysis of the type of recorded information (e.g. Turkish wars, the deaths of famous persons, wildfires, councils and the like). In other words, the thesis is to point out what type of information was considered to be the most interesting or extraordinary to the wider public, and which circles were usually covered by the chroniclers. Therefore, the reader is to discover the world of thought of the early modern citizen, which has been restricted to us because of the lack of other than administrative materials, and the impulses that influenced and...
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