1,720,971 research outputs found
Splitting up: What happens when a company splits their stock?
No full textPresented to the 17th Annual Symposium on Graduate Research and Scholarly Projects (GRASP) held online, Wichita State University, April 2, 2021.Research completed in the Department of Economics, W. Frank Barton School of BusinessStock splits have evolved over the past decades as the methods of investing have changed. These changes in methods revolve mostly around how individuals buy stock and how the stock purchasing process plays out. Because of this evolution, companies now have different reasons to split than they did before which causes them to reevaluate when they need to split their stock or if they need to split their stock. These differing reasons then trickle down to investors and how they view and evaluate companies. Some companies that may have been before viewed as potential candidates to split may lose this status and therefore be invested in differently. The goal of this paper will be to find how these shifts in methods of investing have affected what happens when a company splits its stock and to figure out how investors can take advantage of these tendencies.Graduate School, Academic Affairs, University Librarie
The resilience of luxury goods companies: An analysis of LVMH and Kering's share prices during the COVID-19 pandemic
No full textPresented to the 22nd Undergraduate Research and Creative Activity Forum (URCAF) held at the Rhatigan Student Center, Wichita State University, April 7, 2023.This research investigates the impact of the COVID-19 pandemic on the share prices of luxury goods companies LVMH and KERING. The study focuses on the period from January 2020 to December 2021 and employs a quantitative approach, utilizing primary and secondary data from financial databases and news sources. The study finds that despite the significant disruption caused by the pandemic, the share prices of LVMH and KERING have risen considerably during the pandemic period. This is attributed to several factors, including the resilience of the luxury goods market, the shift towards online sales, and the successful adaptation strategies implemented by the two companies. The study also reveals that LVMH and KERING have outperformed other luxury goods companies during the pandemic period. These findings have significant implications for investors, policymakers, and other stakeholders in the luxury goods industry. The study suggests that LVMH and KERING's successful response to the pandemic has helped them maintain their market position and suggests that other companies in the sector could benefit from similar strategies
Government and public debt in South Asia: Borrow now, worry later?
No full textPresented to the 17th Annual Symposium on Graduate Research and Scholarly Projects (GRASP) held online, Wichita State University, April 2, 2021.Research completed in the Department of Economics, W. Frank Barton School of BusinessDebt levels worldwide have reached an alarming level especially in the wake of the pandemic and public and private efforts to revive economies by spending more. As the debt-to-GDP ratios of many developed countries exceed the well-known threshold of 90%, developing countries can be expected to follow suit. Using a panel dataset, this study explores the impact of debt levels of South Asian countries on economic growth to provide context for the expected rise in debt levels. The study finds that at the current levels of GDP, included countries observe a statistically significant and negative relationship between debt servicing and GDP, but a statistically insignificant relationship between GDP and the levels of debts itself. Based on the findings, South Asian countries can, therefore, keep borrowing at current or increasing levels and not expect to see any drastic consequences in terms of economic growth.Graduate School, Academic Affairs, University Librarie
International link of stock markets: New evidence of U.S. impacts on Vietnam
No full textPresented to the 12th Annual Symposium on Graduate Research and Scholarly Projects (GRASP) held at the Heskett Center, Wichita State University, April 29, 2016.Research completed at Department of Economics, Barton School of BusinessVietnam has drawn attention of the world to its fast growing economy in recent years. Its stock market, established in July 2000, is the main target of domestic and international investment. Vietnam's policy in embracing globalization has also subjected its economy to the impact of other countries, especially the U.S. This research investigated how stock prices and volatility in Vietnam are affected by such external factors as the exchange rate and the performance of US stock markets. Using a Capital Asset Pricing Model (CAPM), this research showed that stock price indices in the two countries indeed have a long-term and stable relationship with a clear causality going from the U.S. to Vietnam. Surprisingly, after augmenting the traditional theory with the exchange-rate volatility and applying a newly developed time-series econometric technique, Vietnamese stock market has been proved to be also affected by the foreign exchange market.Graduate School, Academic Affairs, University Libraries, Regional Institute on Agin
Will depreciation of the dollar decrease the U.S. trade deficit?
No full textFirst place winner of oral presentations in the Humanities and Social Sciences section at the 13th Annual Undergraduate Research and Creative Activity Forum (URCAF) held at the Hughes Metropolitan Center, Wichita State University, April 9, 2013Using data on exchange rates, imports and exports, income, and relative price between the US and its major trade partners, I applied regression analysis to determine whether there is a connection between a weakening of the US dollar and an increase in US exports. I studied the price elasticity and income elasticity for both the short run and long run. The key hypothesis is that the gains in US exports to its top trading partners due to a weaker dollar will be offset by decreased income from exporting to the US. The results indicate that in the long run 3 of the 5 US trade partners examined do not meet the Marshall Lerner condition, supporting the hypothesis, which will diminish the hope of improving the U.S. trade deficit.Faculty Sponsor: Jen-Chi Cheng; Office of Research Administration, Fairmount College of Liberal Arts and Sciences, College of Education,
College of Engineering, College of Fine Arts, University Libraries, Emory Lindquist Honors Progra
The dynamics of Chinese purchases of U.S. securities
Full text linkPaper presented to the 8th Annual Symposium on Graduate Research and Scholarly Projects (GRASP) held at the Marcus Welcome Center, Wichita State University, April 18, 2012.Research completed at the Department of Economics, W. Frank Barton School of BusinessA significant amount of academic literature exits on the United States’ trade deficit, and its financing through foreigners’ purchases of U.S. securities. Over the last several years, the trade relationship between The U.S. and China has received considerable attention as China has acquired large positions in U.S. securities. This study examines the dynamics of how China has allocated its portfolio of short-term and long-term U.S. Treasury securities relative to its holdings of U.S. equity, corporate debt, and asset-backed securities. We find that changes in Chinese holdings of short-term Treasuries are well explained through portfolio allocation dynamics, while changes in Chinese holdings of long-term Treasuries are not well explained by portfolio allocation dynamics.Graduate School,
Office of Research Administration,
University Librarie
An investigation into the rising sales of electric cars
No full textPresented to the 10th Annual Symposium on Graduate Research and Scholarly Projects (GRASP) held at the Heskett Center, Wichita State University, April 25, 2014.Research completed at Department of Economics, College of BusinessRecent awareness of climate change, coupled with the desire to drive better, cleaner, more efficient vehicles, is driving demand for electric cars (EVs). While current costs for some alternative methods of transportation are high, and travelers worry about that which they do not yet fully understand, recent incentives and technological improvements are working to bring about a change in the way that we think about transportation. The purpose of this study is to re-examine the potential causes leading to increasing sales of EVs. Potential causes were fuel prices, interest rates, and various government subsidies combined with a cost benefit analysis. My findings suggest multiple causalities and may benefit those seeking to bring about a change in how we view transportation.Graduate School, Academic Affairs, University Librarie
The influence of monetary policy shock on large-cap and small-cap indexes and index funds: an incorporation of the Taylor rule
No full textPresented to the 13th Annual Symposium on Graduate Research and Scholarly Projects (GRASP) held at the Rhatigan Student Center, Wichita State University, April 28, 2017.Research completed in the Department of Economics, W. Frank Barton School of BusinessEmpirical theory suggests that interest rates often have a negative correlation with investments, and in some cases the price variability of securities. This study incorporates an adjusted Taylor rule interest rate as the monetary policy shock proxy to determine if, and to what degree, it influences large-cap, and small-cap indexes and index funds. Using the Ordinary Least Squares method of estimation, and an Autoregressive Integrated Moving Average model in the multiple regression analysis, the results suggest that for the sample period (January, 1980 to January, 2016), the large-cap index, and index fund both show positive correlation with the market, and negative correlation with monetary policy shock. However, the results of the small-cap index and index fund were inconsistent. This may be because the small-cap is not significantly influenced by a monetary policy shock.Graduate School, Academic Affairs, University Libraries, Regional Institute on Agin
On the effectiveness of devaluation to overcome tariff barriers to trade
No full textPresented to the 16th Annual Symposium on Graduate Research and Scholarly Projects (GRASP) held online, Wichita State University, May 1, 2020.Research completed in the Department of Economics, W. Frank Barton School of BusinessThe Sino-American trade war has brought renewed research into the subject of international trade disputes, as well as a display of tactics rarely seen outside of the theoretical. Notably, during the summer of 2019 China seemingly threatened to overcome U.S. tariffs by intentionally devaluing its currency. This paper investigates the theoretical viability and consequences of a country depreciating their currency in order to overcome a tariff barrier to trade. Utilizing a simulated international economy with eight fictional nations of varying sizes and construction, it gauges the effectiveness of currency devaluations against tariff barriers to trade in a global commodity market. The results of the simulation paint a simple but important series of conclusions. First, under reasonable circumstances devaluation can be used to overcome a tariff barrier to trade. Secondly, whereas tariffs can (under certain conditions) increase in effectiveness if countries band together to implement them in multitude, the effectiveness of currency devaluation decreases as more countries employ it. Finally, each tactic (be it tariffs or devaluation) come at the expense of the consumer. If consumer surplus is taken as a proxy for the standard of living, then a decline in the wellbeing of a country's citizens is nearly universal under the utilization of the analyzed methods.Graduate School, Academic Affairs, University Librarie
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