Matching Items (10)
Filtering by

Clear all filters

150729-Thumbnail Image.png
Description
This paper examines how equity analysts' roles as information intermediaries and monitors affect corporate liquidity policy and its associated value of cash, providing new evidence that analysts have a direct impact on corporate liquidity policy. Greater analyst coverage (1) reduces information asymmetry between a firm and outside shareholders and (2)

This paper examines how equity analysts' roles as information intermediaries and monitors affect corporate liquidity policy and its associated value of cash, providing new evidence that analysts have a direct impact on corporate liquidity policy. Greater analyst coverage (1) reduces information asymmetry between a firm and outside shareholders and (2) enhances the monitoring process. Consistent with these arguments, analyst coverage increases the value of cash, thereby allowing firms to hold more cash. The cash-to-assets ratio increases by 5.2 percentage points when moving from the bottom analyst-coverage decile to the top decile. The marginal value of $1 of corporate cash holdings is $0.93 for the bottom analyst-coverage decile and $1.83 for the top decile. The positive effects remain robust after a battery of endogeneity checks. I also perform tests employing a unique dataset that consists of public and private firms, as well as a dataset that consists of public firms that have gone private. A public firm with analyst coverage can hold approximately 8% more cash than its private counterpart. These findings constitute new evidence on the real effect of analyst coverage.
ContributorsChang, Ching-Hung (Author) / Bates, Thomas (Thesis advisor) / Bharath, Sreedhar (Committee member) / Lindsey, Laura (Committee member) / Arizona State University (Publisher)
Created2012
156514-Thumbnail Image.png
Description
By matching a CEO's place of residence in his or her formative years with U.S. Census survey data, I obtain an estimate of the CEO's family wealth and study the link between the CEO's endowed social status and firm performance. I find that, on average, CEOs born into poor families

By matching a CEO's place of residence in his or her formative years with U.S. Census survey data, I obtain an estimate of the CEO's family wealth and study the link between the CEO's endowed social status and firm performance. I find that, on average, CEOs born into poor families outperform those born into wealthy families, as measured by a variety of proxies for firm performance. There is no evidence of higher risk-taking by the CEOs from low social status backgrounds. Further, CEOs from less privileged families perform better in firms with high R&D spending but they underperform CEOs from wealthy families when firms operate in a more uncertain environment. Taken together, my results show that endowed family wealth of a CEO is useful in identifying his or her managerial ability.
ContributorsDu, Fangfang (Author) / Babenko, Ilona (Thesis advisor) / Bates, Thomas (Thesis advisor) / Tserlukevich, Yuri (Committee member) / Wang, Jessie (Committee member) / Arizona State University (Publisher)
Created2018
136642-Thumbnail Image.png
Description
The transition from high school to college is marked by many changes, one of the most significant being the increased accessibility of alcohol, putting college students at high risk for alcohol-related consequences. It is imperative to identify factors that can protect young adults against these risks during this critical period.

The transition from high school to college is marked by many changes, one of the most significant being the increased accessibility of alcohol, putting college students at high risk for alcohol-related consequences. It is imperative to identify factors that can protect young adults against these risks during this critical period. Although peers become increasingly influential in college, extant literature has shown that parents still have an impact on their children's behavior during this time. While parents spend less time with their children after college matriculation, they may indirectly protect against risky drinking behaviors by instilling certain values into their children before they make this transition. Using data from a large sample of students during their senior year of high school and their freshman year of college, the current study sought to examine interactive effects of parental communication and parental knowledge and caring on drinking behavior, and the extent to which internalization of personal drinking values mediate these effects. The primary study hypotheses were tested using path analysis conducted in Mplus 7.0. Full information maximum likelihood (FIML) estimation was utilized to estimate missing data and bootstrapping was used to address non-normality in the data. Results showed that, for those whose parents were high in knowledge and caring, higher levels of communication were associated with lower risk for alcohol use and problems at wave 3 through less permissive drinking values at wave 1. This finding has important implications for prevention approaches designed to reduce risk for heavy drinking and related problems during the transition to college.
ContributorsHartman, Jessica Danielle (Author) / Corbin, William (Thesis director) / Knight, George (Committee member) / Chassin, Laurie (Committee member) / Barrett, The Honors College (Contributor) / Department of Psychology (Contributor)
Created2015-05
136225-Thumbnail Image.png
Description
High concentrations of carbon monoxide and particulate matter can cause respiratory disease, illness, and death in high doses. Air pollution is a concern in many urban areas of emerging markets that rely on outdated technologies for transportation and electricity generation; rural air quality is also a concern when noting the

High concentrations of carbon monoxide and particulate matter can cause respiratory disease, illness, and death in high doses. Air pollution is a concern in many urban areas of emerging markets that rely on outdated technologies for transportation and electricity generation; rural air quality is also a concern when noting the high prevalence of products of incomplete combustion resulting from open fires for cooking and heating. Monitoring air quality is an essential step to identifying these and other factors that affect air quality, and thereafter informing engineering and policy decisions to improve the quality of air. This study seeks to measure changes in air quality across spatial and temporal domains, with a specific focus on microclimates within an urban area. A prototype, low-cost air quality monitoring device has been developed to measure the concentrations of particulate matter, ozone, and carbon monoxide multiple times per minute. The device communicates data wirelessly via cell towers, and can run off-grid using a solar PV-battery system. The device can be replicated and deployed across urban regions for high-fidelity emissions monitoring to explore the effect of anthropogenic and environmental factors on intra-hour air quality. Hardware and software used in the device is described, and the wireless data communication protocols and capabilities are discussed.
ContributorsReilly, Kyle (Co-author) / Birner, Michael (Co-author) / Johnson, Nathan (Thesis director) / Gary, Kevin (Committee member) / Barrett, The Honors College (Contributor)
Created2015-05
134788-Thumbnail Image.png
Description
Concussions and traumatic brain injuries are mechanical events which can derive from no specific activity or event. However, these injuries occur often during athletic and sporting events but many athletes experiencing these symptoms go undiagnosed and continue playing without proper medical attention. The current gold standard for diagnosing athletes with

Concussions and traumatic brain injuries are mechanical events which can derive from no specific activity or event. However, these injuries occur often during athletic and sporting events but many athletes experiencing these symptoms go undiagnosed and continue playing without proper medical attention. The current gold standard for diagnosing athletes with concussions is to have medical professionals on the sidelines of events to perform qualitative standardized assessments which may not be performed frequently enough and are not specialized for each athlete. The purpose of this report is to discuss a study sanctioned by Arizona State University's Project HoneyBee and additional affiliations to validate a third-party mouth guard device product to recognize and detect force impacts blown to an athlete's head during athletic activity. Current technology in health monitoring medical devices can allow users to apply this device as an additional safety mechanism for early concussion awareness and diagnosis. This report includes the materials and methods used for experimentation, the discussion of its results, and the complications which occurred and areas for improvement during the preliminary efforts of this project. Participants in the study were five non-varsity ASU Wrestling athletes who volunteered to wear a third-party mouth guard device during sparring contact at practice. Following a needed calibration period for the devices, results were recorded both through visual observation and with the mouth guard devices using an accelerometer and gyroscope. This study provided a sound understanding for the operation and functionality of the mouth guard devices. The mouth guard devices have the capability to provide fundamental avenues of research for future investigations.
ContributorsTielke, Austin Wyatt (Author) / Ross, Heather (Thesis director) / LaBelle, Jeffrey (Committee member) / Harrington Bioengineering Program (Contributor) / Barrett, The Honors College (Contributor)
Created2016-12
Description

As a result of the increase of pollution related to industrialization in Vietnam, acid rain has become a prevalent issue for Vietnamese farmers who are forced to rinse their crops – risking damage due to overwatering and poor harvest. Thus, the team was motivated to develop a solution to harmful

As a result of the increase of pollution related to industrialization in Vietnam, acid rain has become a prevalent issue for Vietnamese farmers who are forced to rinse their crops – risking damage due to overwatering and poor harvest. Thus, the team was motivated to develop a solution to harmful impacts of acidic rainwater by creating a system with the ability to capture rainwater and determine its level of acidity in order to optimize the crop watering process, and promote productive crops. By conducting preliminary research on rainfall and tropical climate in Vietnam, existing products on the market, and pH sensors for monitoring and device material, the team was able to design a number of devices to collect, store, and measure the pH of rainwater. After developing a number of initial design requirements based on the needs of the farmers, a final prototype was developed using the best aspects of each initial design. Tests were conducted with varying structural and aqueous materials to represent a broad range of environmental conditions. While the scope of the project was ultimately limited to prototyping purposes, the principles explored throughout this thesis project can successfully be applied to a fully-functioning production model available for commercial use on Vietnamese farms. Given more time for development, improvements would be made in the extent of materials tested, and the configuration of electronics and data acquisition, in order to further optimize the process of determining rainwater acidity.

ContributorsMasterson, William (Author) / Borrel, Henri (Co-author) / Vargas, Vianney (Co-author) / Sweis, Hannah (Co-author) / Schoepf, Jared (Thesis director) / Grewal, Anoop (Committee member) / Barrett, The Honors College (Contributor) / Mechanical and Aerospace Engineering Program (Contributor)
Created2023-05
Description

As a result of the increase of pollution related to industrialization in Vietnam, acid rain has become a prevalent issue for Vietnamese farmers who are forced to rinse their crops – risking damage due to overwatering and poor harvest. Thus, the team was motivated to develop a solution to harmful

As a result of the increase of pollution related to industrialization in Vietnam, acid rain has become a prevalent issue for Vietnamese farmers who are forced to rinse their crops – risking damage due to overwatering and poor harvest. Thus, the team was motivated to develop a solution to harmful impacts of acidic rainwater by creating a system with the ability to capture rainwater and determine its level of acidity in order to optimize the crop watering process, and promote productive crops. By conducting preliminary research on rainfall and tropical climate in Vietnam, existing products on the market, and pH sensors for monitoring and device material, the team was able to design a number of devices to collect, store, and measure the pH of rainwater. After developing a number of initial design requirements based on the needs of the farmers, a final prototype was developed using the best aspects of each initial design. Tests were conducted with varying structural and aqueous materials to represent a broad range of environmental conditions. While the scope of the project was ultimately limited to prototyping purposes, the principles explored throughout this thesis project can successfully be applied to a fully-functioning production model available for commercial use on Vietnamese farms. Given more time for development, improvements would be made in the extent of materials tested, and the configuration of electronics and data acquisition, in order to further optimize the process of determining rainwater acidity.

ContributorsRuiz Vargas, Vianney (Author) / Borrel, Henri (Co-author) / Masterson, William (Co-author) / Sweis, Hannah (Co-author) / Schoepf, Jared (Thesis director) / Grewal, Anoop (Committee member) / Barrett, The Honors College (Contributor) / Mechanical and Aerospace Engineering Program (Contributor) / School of International Letters and Cultures (Contributor)
Created2023-05
Description

In the present study, I will focus on several aspects of parenting (monitoring, structure, positive parenting, harsh discipline) and the relations with social competence. The larger study, on which this paper is based, was intended to study multiple types of parenting behaviors and social competencies, and development of measures was

In the present study, I will focus on several aspects of parenting (monitoring, structure, positive parenting, harsh discipline) and the relations with social competence. The larger study, on which this paper is based, was intended to study multiple types of parenting behaviors and social competencies, and development of measures was culturally and developmentally informed (including focus groups and pilot collection). However, utilizing each dimension that emerged from analyses of the parenting behaviors and social competence measures would result in a study with too large a scope. I will include each aspect of parenting that emerged in analyses. However, I will focus on just one of the two factors of social competence that emerged in analyses for adolescents. This first factor includes prosocial behavior (helping and sharing; Eisenberg et al., 2006) and also is composed of general social competence items capturing adolescents’ use of manners and politeness. For the purposes of this paper, I will refer to this first factor as “social competence,” and I will draw on the general social competence literature and prosocial behavior literature.

ContributorsMahajan, Ananyaa (Author) / Eggum, Natalie (Thesis director) / Spinrad, Tracy (Committee member) / Barrett, The Honors College (Contributor) / Department of Psychology (Contributor) / Sanford School of Social and Family Dynamics (Contributor)
Created2023-05
Description
Girard Training Stables is a horse-based nonprofit organization that offers riding lessons, mental health support, and physical therapy. A scheduling tool was recently built for them to assist in managing as many as 90 volunteers across many different events. Our goal was to add observability to this scheduling tool, as

Girard Training Stables is a horse-based nonprofit organization that offers riding lessons, mental health support, and physical therapy. A scheduling tool was recently built for them to assist in managing as many as 90 volunteers across many different events. Our goal was to add observability to this scheduling tool, as being able to better observe the tool’s internal state would make fixing any problems easier. To add this observability we added both frontend and backend monitoring to track metrics such as how many users sign up for new accounts, when users start and finish creating an event, how much the server running the website is using its resources, and how many errors are caught while the server is running. Using these metrics, we were able to gain much insight into the internal state of the website and its users. We found that the frontend metrics were useful to non-technical users, with 70% of the users surveyed being able to correctly understand the data generated and theorize about parts of the website UI that could be improved based on said data. We were also able to correctly catch and log 100% of the test errors that were generated, and send alerts to administrators if these errors led to system failure. Overall, we were able to significantly improve the observability of the Girard Training Stables scheduling tool by adding monitoring, making it more robust, scalable, and easy to improve for the future.
ContributorsMoore, Peter (Author) / Ross, Michael (Co-author) / Chavez, Helen (Thesis director) / Vannoni, Greg (Committee member) / Barrett, The Honors College (Contributor) / Computer Science and Engineering Program (Contributor)
Created2022-12
Description
Girard Training Stables is a horse-based nonprofit organization that offers riding lessons, mental health support, and physical therapy. A scheduling tool was recently built for them to assist in managing as many as 90 volunteers across many different events. Our goal was to add observability to this scheduling tool, as

Girard Training Stables is a horse-based nonprofit organization that offers riding lessons, mental health support, and physical therapy. A scheduling tool was recently built for them to assist in managing as many as 90 volunteers across many different events. Our goal was to add observability to this scheduling tool, as being able to better observe the tool’s internal state would make fixing any problems easier. To add this observability we added both frontend and backend monitoring to track metrics such as how many users sign up for new accounts, when users start and finish creating an event, how much the server running the website is using its resources, and how many errors are caught while the server is running. Using these metrics, we were able to gain much insight into the internal state of the website and its users. We found that the frontend metrics were useful to non-technical users, with 70% of the users surveyed being able to correctly understand the data generated and theorize about parts of the website UI that could be improved based on said data. We were also able to correctly catch and log 100% of the test errors that were generated, and send alerts to administrators if these errors led to system failure. Overall, we were able to significantly improve the observability of the Girard Training Stables scheduling tool by adding monitoring, making it more robust, scalable, and easy to improve for the future.
ContributorsRoss, Michael (Author) / Moore, Peter (Co-author) / Chavez, Helen (Thesis director) / Vannoni , Greg (Committee member) / Barrett, The Honors College (Contributor) / Computer Science and Engineering Program (Contributor)
Created2022-12