86 research outputs found
Essays on corporate finance
No full textMy dissertation discusses frontier issues in empirical finance and extend the boundary of knowledge in corporate finance and debt markets. The first essay investigates the effect of gubernatorial and state legislative term limits on municipal bond yields. States adopted term limits to reduce wasteful government spending and control governmental agency costs. However, the literature documents that both term limits are positively associated with government spending which leads to volatility in state fiscal policies. I argue that this fiscal volatility increases the risk of municipal debt and should be associated with higher yields. I find that municipal bonds issued from states with term limits have significantly higher yields. My study contributes to the literature by documenting the role of state political structure in municipal borrowing costs. The second essay sheds light on how county-level religiosity affects credit risk, credit enhancement choice, and yield spreads of municipal bonds issued from the county. To the extent that county-level religiosity is reflected in firm’s corporate culture and its behavior, we expect that religiosity will have an impact on credit risk via the risk-taking behavior of municipal bond issuers in the county. My findings indicate that bonds issued from counties with higher levels of religiosity have better credit ratings and lower yield spreads. Furthermore, I find that bond issuers from counties with higher levels of religiosity are less likely to purchase credit enhancement. The third essay examines the impact of Sarbanes-Oxley Act of 2002 (SOX) on capital structure choice and corporate performance variability. Capital structure literature notes that firms use debt financing to reduce agency conflicts. To the extent that SOX restricts managerial excesses and improves corporate governance, SOX will be negatively associated with leverage. I find evidence that firms deleveraged significantly, post-SOX. The literature suggests that larger group decision-making and effective monitoring can discourage risk-taking by managers, and prior studies show that SOX leads to larger and more independent directors and discourages managerial risk-taking. Consequently, I hypothesize that corporate performance will be less variable post-SOX. My results indicate that SOX significantly reduced corporate performance variability. Furthermore, I show that the effect of SOX on leverage and corporate performance variability is more pronounced in firms that were previously not compliant with SOX.Ph.D.Includes bibliographical referencesby Alex Abaka
Capacity building for addressing vulnerability issues in HIV/AIDS prevention and management among women : a case study of Mbinga Women Development Group (Kiungi)
No full textGrassroots-based organizations have been perceived as appropriate institutions to bring about rapid changes in the community. These organizations have been implementing different development programme in various sectors ranging from empowerment, poverty reduction, advocacy, HIV/AIDS awareness raising and the like. Mbinga Women Development Group, popularly known as KIUNGI, is a grassroots-based organization established in 1999 by a group of women hailing from Mbinga district and living in Dar Es Salaam. It was registered on 24t h June 1999 with registration No. SO. 9933. KIUNGI has 40 registered members of whom 37 are women and 3 are men with an objective of promoting the development of women, youth and the people of Mbinga as a whole. KIUNGI has an office in Dar Es Salaam, district-based office in Mbinga district and grassroots-based branch offices in various parts of the district. KIUNGI has been implementing various programme including empowering women and HIV/AIDs awareness.
KIUNGI interventions in both areas have been limited in scope though the challenges of empowerment and awareness in respect of HIV/AIDS have continued to increase. For example, currently the awareness on HIV/AIDS among the community is more than 90% but the rate to which HIV/AIDS has been transmitted is alarming. Though people are aware of HIV/AIDS there has been little change in behaviour and the infection rate has been increasing among the marginal groups of women, teenagers and children. The high rate of HIV/AIDS infection among the marginal groups despite the apparently high degree of its awareness has made it necessary in this study to use KIUNGI to investigate vulnerability issues in HIV/AIDS prevention, management and the required capacity of CBOs NGOs to enhance interventions.To be able to critically analyze these issues a significant body of literature was reviewed including both theoretical and empirical frameworks. The literature review was supplemented with a 'strength, weakness, opportunities and threats' (SWOT) analysis for KIUNGI to examine its external and internal environments from which such attributes were identified. A survey was conducted. Also a purposive random sample from Sinza-B where KIUNGI has been implementing a programme to raise awareness on HIV/AID was used to administer a structured questionnaire for gathering the information regarding vulnerability issues in HIV/AIDs prevention and management among women.
The results from the SWOT analysis showed that KIUNGI has significant strengths which need to be capitalized on in order to realize its mission and objectives. The literature review and findings from the survey revealed that there is significant awareness on HIV/AIDS among members of the communities but with little change in behaviour pertaining to HIV/AIDS. There are also issues associated with the little change in behaviour towards HIV/AIDS which render women among the community members more vulnerable to the HIV/AIDS pandemic.Both the literature review and the survey findings suggest that women empowerment through provision of women-friendly education and promotion of women's entrepreneurship would facilitate their control over their sexuality as a major means towards halting the spread of HIV/AIDS. The findings further suggest that these should be complemented simultaneously with empowering and strengthening the capacity of community-based groups (CBOs) and members of these groups to be able to meet such challenges. This empowerment should include strengthening the human, infrastructural and financial capacities of these organizations. (Author abstract)Kapinga, T. A. (2005). Capacity building for addressing vulnerability issues in HIV/AIDS prevention and management among women : a case study of Mbinga Women Development Group (Kiungi). Retrieved from http://academicarchive.snhu.eduMaster of Science (M.S.)School of Community Economic Developmen
Principles of corporeal pragmatics
No full textIn response to recent findings in cognitive linguistics, the paper sums up the principles of ‘corporeal pragmatics’ as they have been developed so far. At the centre of the author’s perceptually oriented investigation of natural language stands the relation between natural language and perception. The paper charges the philosophy of language and linguistics with having for too long committed the sin of Wahrnehmungsvergessenheit, the forgetting of taking for ‘true’ what our senses tell us. The author proposes to redress this imbalance by an argument that linguistic meaning events rely essentially on the activation of empty linguistic schemata by conceptually regulated, iconic sign materials. Such a claim requires a redefinition of the Saussurean signified, the concept, reference and deixis and other terms in the vocabulary of the study of language. The paper concludes by suggesting that corporeal pragmatics has serious implications for disciplines well beyond philosophy, semiotics, and linguistics
SCLC/Women 13th Annual Drum Major for Justice Awards. Tape #1. 4-4-92.
No full textThis video features the first part of the proceedings of the 13th Annual SCLC/W.O.M.E.N. Drum Major for Justice Awards Dinner. The proceedings, hosted by Kenny Leon and Regina Taylor, includes musical performances, recognition of youth attendees, and the presentation of awards recognizing people's contributions in civil rights, sports, education, business and other socio-economic-political issues of import. Award recipients include Shelley Stewart, Carol Moseley Braun, Lenny Wilkens, Dr. Arthur E. Thomas, Dr. Frederick S. Humphries, Marla Gibbs, Maya Angelou, John Lewis, and Leah Ward Sears. William Alexander Haley, the son of Alex Haley, accepts a posthumous Drum Major For Justice Award on behalf of his father.The Atlanta University Center Robert W. Woodruff Library acknowledges the generous support of the Joseph & Evelyn Lowery Institute for Justice and Human Rights, the Joseph Echols Lowery Irrevocable Trust, and other donors in supporting the processing and digitization of Morehouse College's Joseph Echols and Evelyn Gibson Lowery Collection
Macroeconomic policy coordination during the various phases of economic and monetary integration in Europe
No full textEconomic Policy;International Economics;EEC;EMS
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Coase and Accommodation: A Reply
No full textMany years ago, when I was a fresh-faced appointments candidate hoping to teach constitutional law, my dean at USC recommended some reading to ease me into the scholarly flow. One suggestion—which I took—was The Constitution, the Courts, and Human Rights.[1] I never imagined its author would become a mentor, colleague, and friend.
Several years into my first appointment at a law school in the rural South, I received a note from Michael (whom I had not yet met) telling me that, in a recent speech, he’d quoted something I’d published—a small but characteristically generous gesture that meant everything to a young scholar toiling in evident obscurity. Michael helped and encouraged me over the years, in ways large and small; I have watched him do the same for many others. He will leave behind scholars as well as scholarship.
There is, to be sure, plenty of scholarship. It is at once inspiring and humbling to see a scholar so fully commit himself to the same problem through a long and successful career. Michael’s work has made a difference—the most a scholar can ask—by providing moral justifications for human rights in a world seemingly bereft of both. Though I have never gotten used to his very long footnotes, I have learned from the depth of what he writes and the care with which he writes it.
While I am honored to participate in this Festschrift for Michael, I am blessed to be his friend. Some years ago, my son Alex passed away while attending a university where Michael was on the faculty. Nicea and I have never forgotten Michael’s kindness and concern for us and our daughters, then and for years after. He made a difference for us
War crimes research symposium : terrorism on trial (tape 1 of 4)
No full textLecture series 2004-05. Symposium presented at Franklin Thomas Backus School of Law (Case Law School) on Friday, Oct. 8, 2004. Symposium co-chairs: Professor Michael P. Scharf (director, Frederick K. Cox International Law Center) and Lt. Col. Amos Guiora (Israel defense forces; visiting professor at Case Law School)
Panelists: KEYNOTE ADDRESS: David Andrews (senior vice president of government affairs, PepsiCo Inc. & legal adviser to the U.S. Department of State during the Clinton administration); PANEL ONE: Lt. Col. Amos Guiora (Israel defense forces, visiting professor), Mark Drumbl (professor, Washington & Lee College of Law), Mary Ellen O\u27Connell (professor, Ohio State University College of Law); LUNCH PANEL: Nickolas Rostow (Chief Counsel, U.S. Mission to the U.N.), Alex Schmid (Senior crime prevention & criminal justice officer, terrorism prevention branch, U.N., Vienna, Austria), Bruce Broomhall, (professor of criminal law, University of Quebec); PANEL THREE: Robert Black (Queens Counsel, Professor of Scots Law, University of Edinburgh), Julian Knowles (Barrister at law, Matrix Chambers, London, England & Lockerbie Appeal Defense Counsel); Steve Emerson (Executive director, Investigate Project & author, The Fall of Pan Am 103 ); PANEL FOUR: Mark Zaid (Plaintiffs\u27 counsel representing victims\u27 families, Pan Am 103 v. Libya), Robert Mirone (Lead Defense Counsel for Libya, Pan Am 103 civil proceedings), Alan Gerson (author, The price of terror & former assistant attorney general & chief counsel, U.S. Mission to the U.N.); PANEL FIVE: Jonathan Leiken (Professor, Case School of Law, former Assistant U.S. Attorney, SDNY), Andrew McCarthy (former chief prosecutor, WTC bombing case), Toni Locy (Journalist, USA Today), Greg Noone (Program officer, U.S. Institute of Peace), Judge Evan Wallach (Court of International Trade), Scott Silliman (Professor & executive director, Duke University Center on Law, Ethics, & National Security)
Contents: panel 1: use of force versus use of courts in the war on terrorism -- lunch panel: Is terrorism worth defining? -- panel 3: lessons learned from the Pan Am 103 bombing trial -- panel 4: suing terrorists in U.S. court -- panel 5: the trials of al Qaeda: federal court versus military commissio
Coase and Accommodation: A Reply
No full textMany years ago, when I was a fresh-faced appointments candidate hoping to teach constitutional law, my dean at USC recommended some reading to ease me into the scholarly flow. One suggestion—which I took—was The Constitution, the Courts, and Human Rights.[1] I never imagined its author would become a mentor, colleague, and friend.
Several years into my first appointment at a law school in the rural South, I received a note from Michael (whom I had not yet met) telling me that, in a recent speech, he’d quoted something I’d published—a small but characteristically generous gesture that meant everything to a young scholar toiling in evident obscurity. Michael helped and encouraged me over the years, in ways large and small; I have watched him do the same for many others. He will leave behind scholars as well as scholarship.
There is, to be sure, plenty of scholarship. It is at once inspiring and humbling to see a scholar so fully commit himself to the same problem through a long and successful career. Michael’s work has made a difference—the most a scholar can ask—by providing moral justifications for human rights in a world seemingly bereft of both. Though I have never gotten used to his very long footnotes, I have learned from the depth of what he writes and the care with which he writes it.
While I am honored to participate in this Festschrift for Michael, I am blessed to be his friend. Some years ago, my son Alex passed away while attending a university where Michael was on the faculty. Nicea and I have never forgotten Michael’s kindness and concern for us and our daughters, then and for years after. He made a difference for us
War crimes research symposium : terrorism on trial (tape 3 of 4)
No full textLecture series 2004-05. Symposium presented at Franklin Thomas Backus School of Law (Case Law School) on Friday, Oct. 8, 2004. Symposium co-chairs: Professor Michael P. Scharf (director, Frederick K. Cox International Law Center) and Lt. Col. Amos Guiora (Israel defense forces; visiting professor at Case Law School)
Panelists: KEYNOTE ADDRESS: David Andrews (senior vice president of government affairs, PepsiCo Inc. & legal adviser to the U.S. Department of State during the Clinton administration); PANEL ONE: Lt. Col. Amos Guiora (Israel defense forces, visiting professor), Mark Drumbl (professor, Washington & Lee College of Law), Mary Ellen O\u27Connell (professor, Ohio State University College of Law); LUNCH PANEL: Nickolas Rostow (Chief Counsel, U.S. Mission to the U.N.), Alex Schmid (Senior crime prevention & criminal justice officer, terrorism prevention branch, U.N., Vienna, Austria), Bruce Broomhall, (professor of criminal law, University of Quebec); PANEL THREE: Robert Black (Queens Counsel, Professor of Scots Law, University of Edinburgh), Julian Knowles (Barrister at law, Matrix Chambers, London, England & Lockerbie Appeal Defense Counsel); Steve Emerson (Executive director, Investigate Project & author, The Fall of Pan Am 103 ); PANEL FOUR: Mark Zaid (Plaintiffs\u27 counsel representing victims\u27 families, Pan Am 103 v. Libya), Robert Mirone (Lead Defense Counsel for Libya, Pan Am 103 civil proceedings), Alan Gerson (author, The price of terror & former assistant attorney general & chief counsel, U.S. Mission to the U.N.); PANEL FIVE: Jonathan Leiken (Professor, Case School of Law, former Assistant U.S. Attorney, SDNY), Andrew McCarthy (former chief prosecutor, WTC bombing case), Toni Locy (Journalist, USA Today), Greg Noone (Program officer, U.S. Institute of Peace), Judge Evan Wallach (Court of International Trade), Scott Silliman (Professor & executive director, Duke University Center on Law, Ethics, & National Security)
Contents: panel 1: use of force versus use of courts in the war on terrorism -- lunch panel: Is terrorism worth defining? -- panel 3: lessons learned from the Pan Am 103 bombing trial -- panel 4: suing terrorists in U.S. court -- panel 5: the trials of al Qaeda: federal court versus military commissio
War crimes research symposium : terrorism on trial (tape 2 of 4)
No full textLecture series 2004-05. Symposium presented at Franklin Thomas Backus School of Law (Case Law School) on Friday, Oct. 8, 2004. Symposium co-chairs: Professor Michael P. Scharf (director, Frederick K. Cox International Law Center) and Lt. Col. Amos Guiora (Israel defense forces; visiting professor at Case Law School)
Panelists: KEYNOTE ADDRESS: David Andrews (senior vice president of government affairs, PepsiCo Inc. & legal adviser to the U.S. Department of State during the Clinton administration); PANEL ONE: Lt. Col. Amos Guiora (Israel defense forces, visiting professor), Mark Drumbl (professor, Washington & Lee College of Law), Mary Ellen O\u27Connell (professor, Ohio State University College of Law); LUNCH PANEL: Nickolas Rostow (Chief Counsel, U.S. Mission to the U.N.), Alex Schmid (Senior crime prevention & criminal justice officer, terrorism prevention branch, U.N., Vienna, Austria), Bruce Broomhall, (professor of criminal law, University of Quebec); PANEL THREE: Robert Black (Queens Counsel, Professor of Scots Law, University of Edinburgh), Julian Knowles (Barrister at law, Matrix Chambers, London, England & Lockerbie Appeal Defense Counsel); Steve Emerson (Executive director, Investigate Project & author, The Fall of Pan Am 103 ); PANEL FOUR: Mark Zaid (Plaintiffs\u27 counsel representing victims\u27 families, Pan Am 103 v. Libya), Robert Mirone (Lead Defense Counsel for Libya, Pan Am 103 civil proceedings), Alan Gerson (author, The price of terror & former assistant attorney general & chief counsel, U.S. Mission to the U.N.); PANEL FIVE: Jonathan Leiken (Professor, Case School of Law, former Assistant U.S. Attorney, SDNY), Andrew McCarthy (former chief prosecutor, WTC bombing case), Toni Locy (Journalist, USA Today), Greg Noone (Program officer, U.S. Institute of Peace), Judge Evan Wallach (Court of International Trade), Scott Silliman (Professor & executive director, Duke University Center on Law, Ethics, & National Security)
Contents: panel 1: use of force versus use of courts in the war on terrorism -- lunch panel: Is terrorism worth defining? -- panel 3: lessons learned from the Pan Am 103 bombing trial -- panel 4: suing terrorists in U.S. court -- panel 5: the trials of al Qaeda: federal court versus military commissio
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