Matching Items (6)
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- All Subjects: Non-profit
- Creators: Samuelson, Melissa
- Creators: School of Community Resources and Development
- Member of: Theses and Dissertations
- Resource Type: Text
Description
Executive compensation is broken into two parts: one fixed and one variable. The fixed component of executive compensation is the annual salary and the variable components are performance-based incentives. Clawback provisions of executive compensation are designed to require executives to return performance-based, variable compensation that was erroneously awarded in the year of a misstatement. This research shows the need for the use of a new clawback provision that combines aspects of the two currently in regulation. In our current federal regulation, there are two clawback provisions in play: Section 304 of Sarbanes-Oxley and section 954 of The Dodd\u2014Frank Wall Street Reform and Consumer Protection Act. This paper argues for the use of an optimal clawback provision that combines aspects of both the current SOX provision and the Dodd-Frank provision, by integrating the principles of loss aversion and narcissism. These two factors are important to consider when designing a clawback provision, as it is generally accepted that average individuals are loss averse and executives are becoming increasingly narcissistic. Therefore, when attempting to mitigate the risk of a leader keeping erroneously awarded executive compensation, the decision making factors of narcissism and loss aversion must be taken into account. Additionally, this paper predicts how compensation structures will shift post-implementation. Through a survey analyzing the level of both loss- aversion and narcissism in respondents, the research question justifies the principle that people are loss averse and that a subset of the population show narcissistic tendencies. Both loss aversion and narcissism drove the results to suggest there are benefits to both clawback provisions and that a new provision that combines elements of both is most beneficial in mitigating the risk of executives receiving erroneously awarded compensation. I concluded the most optimal clawback provision is mandatory for all public companies (Dodd-Frank), targets all executives (Dodd-Frank), and requires the recuperation of the entire bonus, not just that which was in excess of what should have been received (SOX).
ContributorsLarscheid, Elizabeth (Author) / Samuelson, Melissa (Thesis director) / Casas-Arce, Pablo (Committee member) / WPC Graduate Programs (Contributor) / School of Accountancy (Contributor) / Barrett, The Honors College (Contributor)
Created2018-12
Description
The purpose of this study is to assess the factors that motivate and influence 18-24-year-olds, compared to those of other age groups, to volunteer, specifically in local hospitals. Volunteers play an integral role towards sustaining nonprofit organizations (NPOs). For this reason, volunteers have the potential to impact the success and effectiveness of local NPOs including nonprofit hospitals such as Banner Health, Mayo Clinic, and HonorHealth. These hospitals rely on the services provided by volunteers to help facilitate their patient care and achieve their missions. An important component of the hospitals’ volunteer programs must focus on the recruitment and retention of volunteers. According to the Bureau of Labor Statistics, volunteer rates are lowest among 20-24-year-olds. Since most college students encompass the 18-24 age range, understanding the factors that motivate and influence them could indicate why there is a low number of hospital volunteers in this age group. ASU students were surveyed regarding their volunteer history, volunteer motivations, and volunteer constraints. Their responses were compared to survey results from local hospital volunteers to look for significant differences or similarities which are highlighted in this study. A total of 183 ASU students between the ages of 18 and 24 completed the survey, and 58 of those students identified as a prior or current hospital volunteer. Three ASU students participated in a focus group. Out of the five Arizona nonprofit hospitals contacted, only one participated in the study. Banner Thunderbird Medical Center (BTMC) had 34 active hospital volunteers complete the survey. The BTMC volunteers who participated in the study were between 14 and 83 years old with the most common age being 69 years old.
ContributorsFasani, Sophia Maria (Author) / Wang, Lili (Thesis director) / Lyons-Mayer, Michelle (Committee member) / School of Community Resources and Development (Contributor) / School of Life Sciences (Contributor) / Barrett, The Honors College (Contributor)
Created2019-05
Description
Given its impact on the accounting profession and public corporations, Sarbanes-Oxley Act of 2002(SOX) is a widely researched regulation among accounting scholars. Research typically focuses on the impact it has had on corporations, executives and auditors, however, there is limited research that illustrates the impact SOX may have on average Americans. There were several US criminal code sections that resulted from the passing of SOX. Statute 1519, which is often referred to as the "anti-shredding provision", penalizes anyone who "knowingly alters, destroys, mutilates, conceals, covers up, falsifies, or makes a false entry in any record, document, or tangible object with the intent to" obstruct a current or foreseeable federal investigation. This statute, although intended to punish behavior similar to that which occurred in the early 2000s by corporations and auditors, has been used to charge people beyond its original intent. Several issues with the crafting of the statute cause its broad application and some litigation even reached the Supreme Court due to its vague wording. Not only is the statute being applied beyond the intent, there are other issues that legal scholars have critiqued it for. This statute is far from being the only law facing these issues as the same issues and critiques are found in the 14th amendment. Rewriting the statute seems to be the most effective way to address the concerns of judges, lawyers and defendants regarding the statute. In addition, Congress could have passed this statute outside of SOX to avoid being seen as overreaching if obstruction of justice related to documents was actually an issue outside of corporate fraud.
ContributorsGonzalez, Joana (Author) / Samuelson, Melissa (Thesis director) / Lowe, Jordan (Committee member) / School of Accountancy (Contributor) / Barrett, The Honors College (Contributor)
Created2016-12
Description
South Sudan is the world’s newest nation, having gained its independence in 2011. Despite significant promise, South Sudan faces many serious internal issues. Among the most pressing is the treatment and status of women and, in particular, their lack of involvement in the economy and in academia.
Women’s Education (WE) is our proposed nonprofit designed to address these problems by providing business education, financial assistance, and academic services to women business owners operating in South Sudan. We believe our targeted intervention in these areas will result in improved social and economic standing for women, the natural byproduct of which is an improved country with increased stability.
In the first half of this paper, we explore the social and historical context of South Sudan to illustrate both the need for (and viability of) of our organization. We outline what we will do to achieve our goal of equality within the business and academic sectors for women, and the effects such equality will have upon society.
In the second half of the paper, we address the logistics behind our operations, including our mission and vision, client needs, budget, management strategies, and other internal and external factors that need to be considered.
KEY WORDS: South Sudan, Gender, Business Education, Academic Intervention, Economy, Societal Infrastructure
Women’s Education (WE) is our proposed nonprofit designed to address these problems by providing business education, financial assistance, and academic services to women business owners operating in South Sudan. We believe our targeted intervention in these areas will result in improved social and economic standing for women, the natural byproduct of which is an improved country with increased stability.
In the first half of this paper, we explore the social and historical context of South Sudan to illustrate both the need for (and viability of) of our organization. We outline what we will do to achieve our goal of equality within the business and academic sectors for women, and the effects such equality will have upon society.
In the second half of the paper, we address the logistics behind our operations, including our mission and vision, client needs, budget, management strategies, and other internal and external factors that need to be considered.
KEY WORDS: South Sudan, Gender, Business Education, Academic Intervention, Economy, Societal Infrastructure
ContributorsPeter, Achirin (Co-author) / Castillo, Gemma (Co-author) / Goldman, Alan (Thesis director) / Samuelson, Melissa (Committee member) / Dean, W.P. Carey School of Business (Contributor) / School of Humanities, Arts, and Cultural Studies (Contributor) / Thunderbird School of Global Management (Contributor) / Barrett, The Honors College (Contributor)
Created2019-05
Description
The purpose of this creative project was to spread awareness about the work of various non-profit organizations in the Phoenix community while allowing the public to immediately get involved in their missions. This project was manifested through Give Back Phoenix, which was held on February 2nd, 2019. Give Back Phoenix had three goals: to serve non-profit organizations in the community, to allow community members to experience giving back in a fun and hands-on way, and to help community members connect with organizations for future volunteer opportunities and long-term volunteering commitments.
ContributorsMartin, Mary Caitlin Alice (Author) / Hultsman, Wendy (Thesis director) / Holland Malcom, Jan (Committee member) / School of Community Resources and Development (Contributor) / Department of Management and Entrepreneurship (Contributor) / Barrett, The Honors College (Contributor)
Created2019-05
Description
The events industry provides an integral service to society but fails to understand and incorporate the three pillars of sustainability. The purpose of this paper is to identify the cause of the lack of awareness and motivation from event managers to make their events more sustainable. Utilizing both dated and recent research papers to understand the gap of awareness, the data demonstrated that there is not a clear understanding of sustainability from a holistic perspective. The most notable issue was the focus on environmental sustainability and the lack of awareness of social and economic sustainability. This paper analyzes one specific event, the Boys & Girls Clubs of Greater Scottsdale, Celebrate Youth Gala, and dives deeper into how the event can be made more sustainable. The findings demonstrated that event managers often are unaware of the sustainable options available to them and the costs associated with them. This paper offered recommendations for event managers and started the necessary conversation to create change within the industry.
ContributorsMertz, Carly (Author) / Goodman, Rebekka (Thesis director) / Schneiderman, Erin (Committee member) / Barrett, The Honors College (Contributor) / Department of Marketing (Contributor) / Dean, W.P. Carey School of Business (Contributor) / School of Community Resources and Development (Contributor)
Created2024-05