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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

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
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Description
The purpose of this paper is to review the effects of the Dodd-Frank Title VII Clearing Regulations on the Over-the-counter (OTC) derivatives market and to analyze if the benefits of the Title VII regulations have outweighed the costs in the OTC derivatives market by reducing systematic(market) risk and protecting market

The purpose of this paper is to review the effects of the Dodd-Frank Title VII Clearing Regulations on the Over-the-counter (OTC) derivatives market and to analyze if the benefits of the Title VII regulations have outweighed the costs in the OTC derivatives market by reducing systematic(market) risk and protecting market participants or if the Title VII regulations’ costs have made things worse by lessening opportunities in the OTC derivatives market and stifling economics benefits by over regulating the market. This paper strives to examine this issue by explaining how OTC are said to have played a part in the 2008 Financial crisis. Next, we give a general overview of financial securities, and what OTC are. Then we will give a general overview of what the Dodd-Frank Wall Street Reform and Consumer Protection Acts are, which are the regulations to come out of the 2008 Financial crisis. Then the paper will dive into Dodd-Frank Title VII Clearing Regulations and how they regulated OTC derivatives in the aftermath of the 2008 Financial crisis. Next, we discuss the Clearing House industry. Then the paper explores the major change of central clearing versus the previous bilateral clearing system. The paper will then cover how these rules have affected OTC derivatives market by examining the works of authors, who both support the regulations and others, who oppose the regulations by looking at logical arguments, historical evidence, and empirical evidence. Finally, we conclude that based on all the evidence how the Dodd-Frank Title VII Clearing Regulations effects on the OTC derivatives market are inconclusive at this time.
ContributorsCharette, John (Co-author) / Thacker, Harshit (Co-author) / Aragon, George (Thesis director) / Stein, Luke (Committee member) / Department of Finance (Contributor) / Department of Economics (Contributor) / Dean, W.P. Carey School of Business (Contributor) / Department of Information Systems (Contributor) / School of Accountancy (Contributor) / Barrett, The Honors College (Contributor)
Created2019-05
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Description
For the Supply Chain Management Alternative Thesis, I was required to attend 4 research seminars. After attending all four seminars, I wrote a summary for each one and then did my own research on a subject from one of the seminars. I selected the lecture from Mahyar Eftekhar to do

For the Supply Chain Management Alternative Thesis, I was required to attend 4 research seminars. After attending all four seminars, I wrote a summary for each one and then did my own research on a subject from one of the seminars. I selected the lecture from Mahyar Eftekhar to do more research on due to my passion of humanitarian work. The lecture delivered by Mahyar Eftekhar on September 27th, 2018 there was a question being asked, “How to improve service delivery, considering the peculiar characteristics of humanitarian supply chains?”. This question can either cost a company a lot of money or save it a lot of money. The problem is how do you reduce risk for a supply chain in humanitarian work? The objective of my research is to find different solutions on risk mitigation for humanitarian organizations and how to bring down costs for the supply chains that these organizations have. Risk mitigation can be difficult for events that happen randomly, but there are ways to help reduce risk. Reducing risk is key to humanitarian supply chains because it can save money for companies that have financial restrictions. Humanitarian supply chains are much different from typical supply chains, due to what is at stake. These supply chains cannot fail, because if they do lives will be put in danger. Disasters can happen at any moment and can range from all different types. Being prepared for the worst case scenario is important in humanitarian efforts in order to bring down costs and save lives.
ContributorsDominguez, Brady (Author) / Printezis, Antonios (Thesis director) / Oke, Adegoke (Committee member) / Dean, W.P. Carey School of Business (Contributor) / Department of Supply Chain Management (Contributor) / Barrett, The Honors College (Contributor)
Created2019-05
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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

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
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Description

This thesis looks at the digitalization process holistically. It recognizes that for a digitalization initiative to be successful, it takes input from multiple departments and experts from diverse backgrounds. This paper will be evaluating the interconnectivity needed between the supply chain and human resources departments to spearhead the creation of

This thesis looks at the digitalization process holistically. It recognizes that for a digitalization initiative to be successful, it takes input from multiple departments and experts from diverse backgrounds. This paper will be evaluating the interconnectivity needed between the supply chain and human resources departments to spearhead the creation of a digitalization team. Both sectors must have a firm understanding of the other’s needs, in order to acquire, train, and maintain people who will have the necessary hard and soft skills to develop the digital processes. After conducting extensive research around hiring and training, the researchers identified several best practices that companies can utilize to build a successful digital logistics team. Regarding hiring, companies can improve their current practices by collaborating with universities to create synergy between enterprise needs and college curriculum, as well as utilizing talent acquisition data analytics. They must also employ targeted recruiting strategies to attract high-quality talent and create explicit and attractive job postings. In addition to hiring, companies must also continuously improve their training initiatives to ensure their team’s success. In order to do so, firms should conduct training needs analysis, personalize training using technology, offer non-traditional learning modalities, provide holistic supply chain training, and create a learning culture.

ContributorsRogers, Morgan Leigh (Co-author) / Veverka, Madison (Co-author) / Byrne, Jared (Thesis director) / Locke, Sandy (Committee member) / School of International Letters and Cultures (Contributor) / Dean, W.P. Carey School of Business (Contributor) / Department of Information Systems (Contributor) / Barrett, The Honors College (Contributor)
Created2021-05
Description

The purpose of this thesis is to gain exposure to current supply chain research topics through attendance of four seminars. The first portion of this paper includes summaries of each of the four seminars that I attended. These summaries are followed by an analysis of sustainable Styrofoam alternatives with a

The purpose of this thesis is to gain exposure to current supply chain research topics through attendance of four seminars. The first portion of this paper includes summaries of each of the four seminars that I attended. These summaries are followed by an analysis of sustainable Styrofoam alternatives with a focus on factors deterring widespread use of these alternatives. This topic relates to the first seminar I attended, presented by Dr. Karen Donohue from the University of Minnesota. Specific areas of Donohue’s presentation — the shift toward e-commerce, and consolidated shipping with reduced packaging— sparked my interest in available alternatives for a popular, but unsustainable, packaging material: Styrofoam. I primarily considered journals and articles for the second portion of this thesis, but I also investigated these alternatives through visiting manufacturer websites discussing available products, production processes, and other available information.

ContributorsSchwartzott, Cassidy (Author) / Printezis, Antonios (Thesis director) / Oke, Adegoke (Committee member) / Barrett, The Honors College (Contributor) / Dean, W.P. Carey School of Business (Contributor) / Department of Supply Chain Management (Contributor)
Created2023-05
Description

New Leaf was founded with the mission to address the environmental, health, and sustainability consequences of paper production today. We explored the sourcing and foundations of paper needs, supporting our assumption that paper can be created from agricultural waste. We solidified a business plan using agricultural waste after considerable sourcing

New Leaf was founded with the mission to address the environmental, health, and sustainability consequences of paper production today. We explored the sourcing and foundations of paper needs, supporting our assumption that paper can be created from agricultural waste. We solidified a business plan using agricultural waste after considerable sourcing research and expert and consumerism input. We determined that using forest foliage that is a potential fire hazard from a national forest could be used as a source to make alternative paper as well as contribute to sustainability efforts.

ContributorsCoon, Chantel (Author) / Frechette, Joseph (Co-author) / Herzog, Tighe (Co-author) / Tryon, Matthew (Co-author) / Taylor, Kenzie (Co-author) / Byrne, Jared (Thesis director) / Larson, Wiley (Committee member) / Barrett, The Honors College (Contributor) / Department of Supply Chain Management (Contributor) / Dean, W.P. Carey School of Business (Contributor)
Created2023-05
Description

Ancient Roman society throughout the ages was highly successful at expansion and trade: this can be attributed to a vast and elaborate supply chain. They fueled their growth by implementing successful supply chain practices. Through these practices the average Roman citizen was able to buy items previously reserved as luxury

Ancient Roman society throughout the ages was highly successful at expansion and trade: this can be attributed to a vast and elaborate supply chain. They fueled their growth by implementing successful supply chain practices. Through these practices the average Roman citizen was able to buy items previously reserved as luxury items. The history behind these practices comes to light through historical documents and archaeological remains. Translations can be misconstrued due to modern contexts and other attempts at translations which contain typos. This can lead to variances in translations and understanding of the texts. Taking all these factors into account, this paper will examine the supply chain practices that made the Romans highly successful, what explicitly they traded, how certain items were transported, and the sea routes that were present that were able to transport such huge quantities of goods. Although Roman trade methods might be seen as antiquated, modern society can take away important supply chain lessons that we can apply today.

ContributorsHemmings, Abby (Author) / Simonton, Matt (Thesis director) / Eftekhar, Mahyar (Committee member) / Barrett, The Honors College (Contributor) / Department of Supply Chain Management (Contributor) / Dean, W.P. Carey School of Business (Contributor)
Created2023-05
Description
Supply chain sustainability has become an increasingly important topic for corporations due to consumer demands, regulatory requirements, and employee retention and productivity. Since more and more stakeholders are beginning to care about sustainability, companies are looking at how they can reduce their carbon footprint without it leading to higher costs. Although sustainable supply chain

Supply chain sustainability has become an increasingly important topic for corporations due to consumer demands, regulatory requirements, and employee retention and productivity. Since more and more stakeholders are beginning to care about sustainability, companies are looking at how they can reduce their carbon footprint without it leading to higher costs. Although sustainable supply chain operations are often associated with higher costs, new technology has surfaced within the last decade that makes this association come into question. This paper serves as an investigation on whether or not implementation of recent technology will not only make for more sustainable supply chains, but also bring cost savings to a company. For the sake of simplicity, this paper analyzes the topic within the context of the consumer packaged goods (CPG) industry. The three categories of technology that were evaluated are artificial intelligence, Internet of Things, and data integration systems. Internship projects and/or published case studies and articles were examined to explore the relationship between the technology, supply chain sustainability, and costs. The findings of this paper indicate that recent technology offers companies innovative sustainability solutions to supply chains without sacrificing cost. This calls for CPG companies to invest in and implement technology that allows for more sustainable supply chains. Shying away from this because of cost concerns is no longer necessary.
ContributorsDixon, Logan (Author) / Printezis, Antonios (Thesis director) / Macias, Jeff (Committee member) / Barrett, The Honors College (Contributor) / Department of Finance (Contributor) / Department of Supply Chain Management (Contributor) / Dean, W.P. Carey School of Business (Contributor)
Created2024-05
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Description
In this paper, I assess the current state of the opioid epidemic in the United States which has caused countless deaths since the 1990s. I analyze the current state of the pharmaceutical industry and how it is involved in perpetuating the opioid crisis in the United States through its supply

In this paper, I assess the current state of the opioid epidemic in the United States which has caused countless deaths since the 1990s. I analyze the current state of the pharmaceutical industry and how it is involved in perpetuating the opioid crisis in the United States through its supply chain. I identify four main issues which lead to the continuation of the opioid crisis: the shift to a continuous manufacturing model, the consolidation of pharmacy benefit managers, pharmaceutical companies' influence on medical professionals prescribing opioids to patients and the creation of an informal supply chain in which patients distribute their unused prescription pills. To address these issues and alleviate the problem of the opioid crisis caused by supply chains I propose that pharmacy benefit managers implement blockchain technology to increase supply chain visibility, increasing buyer power in the market and developing a reverse logistics system within the supply chain to dispose of unused prescriptions.
ContributorsHicks, Kyle (Author) / Keane, Katy (Thesis director) / Konopka, John (Committee member) / Department of Supply Chain Management (Contributor) / Dean, W.P. Carey School of Business (Contributor) / Barrett, The Honors College (Contributor)
Created2020-05