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- Creators: Samuelson, Melissa
- Creators: Department of Psychology
- Member of: Barrett, The Honors College Thesis/Creative Project Collection
- Member of: Theses and Dissertations
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
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
Education is a fundamental human right. However, when groups of people are subjugated to systematic violence and institutionalization, the importance of education often is often forgotten. A team of students and faculty at Arizona State University (ASU) currently teach an Introduction to Psychology course within a minimum-security unit in conjunction with both the Arizona Department of Corrections and the Prison Education Program at ASU. This course aims to enhance the current educational programs offered by the prison by fostering an environment where inmates can practice literacy skills and are introduced to standard classroom procedures for the typical university class. In addition, the course introduces students to an academic field previously unknown to them, specifically, psychology. However, the most important aspect of this educational endeavor is to provide an environment where people who have been deemed inhuman and outside of the human experience can come together and learn. By doing so, the curriculum sought to instill confidence in the students by demonstrating that they are in fact capable of learning and comprehending university level material. As of 2016, numerous studies have been conducted from across the nation that have reaffirmed the validity and efficacy of prison education on reducing recidivism levels of the previously incarcerated (ADC 2005, Kim & Clark 2013, Nuttal et al. 2003). Additionally, studies have determined that the benefits that students receive from education while incarcerated are, over time, shared with the family members (Erisman & Contardo, 2005). These benefits, while not strictly educational, are incredibly important within the realm of reduction in crime as they pertain to "reduction of costs, reduction of strain of offenders on their families, and an economic boost for society" (Erisman & Contardo, 2005). Teaching within any prison unit, regardless of the security level, provides a variety of unique challenges. Some of these include the lack of technological resources within most classrooms, prohibition of outside material unless vetted and approved by prison education staff, and rigid restrictions on student-teacher interactions. Also, because of the nature of psychology and the students within the class, certain sensitive topics must be either handled with extreme care or will not be covered at all. However, particular achievements were made in regards to increasing in class participation and encouraging the students to continue to pursue academics. Most importantly, it provides an environment where the humanity of the prisoner is restored, if but for only a few hours a week. It allows them to be seen as more than numbers, allows them to think and voice their opinions in a space that respects them for their beliefs. And the restoration of humanity to an inherently inhumane system is far more important than any other educational goal.
ContributorsLeith, Kaitlyn Lee (Author) / Amazeen, Eric (Thesis director) / Cavanaugh Toft, Carolyn (Committee member) / Department of Psychology (Contributor) / Department of English (Contributor) / Barrett, The Honors College (Contributor)
Created2016-12
Description
This thesis project utilizes Bolman & Deal’s (2017) four frames to analyze how the Internship experience at TigerMountain Foundation, a South Phoenix community garden nonprofit, can be optimized to help the organization more effectively reach its goals. A brief explanation of the organizational context and structure is given as well as an overview of the relationship between community gardening and decreasing recidivism, as well as TigerMountain’s position in a food desert. TigerMountain Foundation can ultimately be framed internally as a human resource and symbolic organization and externally as a political organization. The Internship program presents a political benefit to the organization and can benefit from some human resource and structural additions to the onboarding process and overall experience. The recommended additions include providing a thorough onboarding packet to Interns at orientation that includes a questionnaire, includes a brief overview of the organization in human resource framing, a contact sheet, and instruction sheets for commonly used systems. Other additions to the Internship experience include setting up a ratio of how many Internship hours can be earned at the gardens and farmers’ markets compared to working administratively, requesting that Interns send in their updated availability weekly for scheduling purposes, and the implementation of an “on-call” system for farmers’ market shifts.
ContributorsMason Johnston, Laurel Miranda (Author) / deLusé, Stephanie (Thesis director) / Gross, Jamesha (Committee member) / Department of Psychology (Contributor) / School of Politics and Global Studies (Contributor) / School of Human Evolution & Social Change (Contributor) / Barrett, The Honors College (Contributor)
Created2021-05
Description
Literature review of existing prison-based programs meant to reduce the post-release likelihood of recidivism. Upon completion of the literature, this paper leverages criminology theories to explore the potential causes of program correlations to recidivism.
ContributorsHostal, Katherine (Author) / Morken, Maya (Co-author) / Samuelson, Melissa (Thesis director) / Koretz, Lora (Committee member) / Barrett, The Honors College (Contributor) / School of Criminology and Criminal Justice (Contributor) / Department of Finance (Contributor) / Dean, W.P. Carey School of Business (Contributor)
Created2022-05
DescriptionDo existing programs offered during incarceration successfully reduce recidivism rates in the United States and if so, how can criminology theories be leveraged to understand why?
ContributorsMorken, Maya (Author) / Hostal, Katherine (Co-author) / Samuelson, Melissa (Thesis director) / Korets, Lora (Committee member) / Barrett, The Honors College (Contributor) / Department of Economics (Contributor) / School of Civic & Economic Thought and Leadership (Contributor) / Dean, W.P. Carey School of Business (Contributor)
Created2022-05