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Political Contributions and Firm Performance: Evidence from Lobbying and Campaign Donations
Get PDFThe following dissertation contains two distinct empirical essays which contribute to the overall field of Financial Economics. Chapter 1 titles as “Corporate Lobbying, CEO Political Ideology and Firm Performance”. We investigate the influence of CEO political orientation on corporate lobbying efforts. Specifically, we study whether CEO political ideology, in terms of manager-level campaign donations, determines the choice and amount of firm lobbying involvement and the impact of lobbying on firm value. We find a generous engagement in lobbying efforts by firms with Republican leaning-managers, which lobby a larger number of bills and have higher lobbying expenditures. However, the cost of lobbying offsets the benefit for firms with Republican CEOs. We report higher agency costs of free cash flow, lower Tobin’s Q, and smaller increases in buy and hold abnormal returns following lobbying activities for firms with Republican managers, compared to Democratic and Apolitical rivals. Overall, our results suggest that the effects of lobbying on firm performance vary across firms with different managerial political orientations. Chapter 2 titled as “Corporate Lobbying and Labor Relations: Evidence from Employee” Litigations. We utilize employee litigations and other work-related complaints to examine if lobbying firms are favored in judicial process. We gather 27,794 employee lawsuits (after initial court hearing) between 2000 and 2014 and test the relationship between employee allegations and firms’ lobbying strategies. We find that employee litigations increase the number of labor-related bills in our sample. We document that the increase in employee lawsuits may drive firms into lobbying to change policy proposals. We also find robust evidence that the case outcome is different for lobbying firms compared to non-lobbying rivals, which may protect the shareholder wealth in the long run. Our results present that lobbying activities may make a significant difference in employee allegations. Our findings highlight the benefit of building political capital to obtain a biased outcome in favor of politically-connected firms
Development of Peer Instruction Material for a Cybersecurity Curriculum
Get PDFCybersecurity classes focus on building practical skills alongside the development of the open mindset that is essential to tackle the dynamic cybersecurity landscape. Unfortunately, traditional lecture-style teaching is insufficient for this task. Peer instruction is a non-traditional, active learning approach that has proven to be effective in computer science courses. The challenge in adopting peer instruction is the development of conceptual questions. This thesis presents a methodology for developing peer instruction questions for cybersecurity courses, consisting of four stages: concept identification, concept trigger, question presentation, and development. The thesis analyzes 279 questions developed over two years for three cybersecurity courses: introduction to computer security, network penetration testing, and introduction to computer forensics. Additionally, it discusses examples of peer instruction questions in terms of the methodology. Finally, it summarizes the usage of a workshop for testing a selection of peer instruction questions as well as gathering data outside of normal courses
Sense and Sensibility: A Sermon on Living the Examined Life
Get PDFJane Austen’s novels remain an essential component of the literary canon, but her first published novel, Sense and Sensibility, is frequently neglected. However, in Sense and Sensibility is the genesis of Austen’s technique through which her major characters cultivate and reveal a strong inner life, demonstrated through the character of Elinor Dashwood. This technique is a characteristic she incorporates in each of her succeeding novels. Her approach to literature centers on the interiority of her characters and their ability to change, but it her first novel Austen takes a unique approach. Following the structure of an eighteenth-century sermon, Austen creates a sermon for lay people that centers on the cultivation of a strong interior life
The Louisiana Granting Resources and Autonomies for Diplomas Act: Exploring the Impact of a Performance-Based Funding Policy on Higher Education Effectiveness
Get PDFIn 2010 the Louisiana legislature adopted the Louisiana Granting Resources and Autonomies for Diplomas (GRAD) Act, a statewide performance-based funding policy designed to improve performance among public colleges. This study, utilizing data collected from the Integrated Postsecondary Education Data System (IPEDS) on 15 two-year public colleges over eight years, applied Generalized Least Squares (GLS) regression to retention rates, graduation rates, and degree productivity. Results suggest that the introduction of the policy had little immediate effect on overall institutional performance; however, there were some modest increases in long-term certificate productivity. Additionally, there were significant improvements in data quality throughout higher education after the introduction of the policy
Lockwood to Elgin
Get PDFA linked collection featuring a young gay man -- the son of a black mother and a Mexican father -- coming of age in contemporary Houston
Jazz & Coffee: Scandinavians in New Orleans
No full textNätell take readers on a tour of the Scandinavian Jazz Church and Cultural Center, formerly known as the Norwegian Seaman’s Church. Reflecting on her childhood memories, she gives a rich description of the church interior and social dynamics. Nätell explains the Lucia Day celebration that blends Scandinavian, Italian, and New Orleans cultural traditions