Library: Best sellers

The collapse of Enron, WorldCom, and other large corporations in 2001 and 2002 motivated Congress to pass the Sarbanes-Oxley Act of 2002 (SOX). The purpose of this legislation was to restore investor confidence in the United States stock markets, and to prevent and detect fraud in financial statements as well. This dissertation examines the effectiveness of SOX for the latter purpose of preventing and detecting fraud, using statistical enforcement data presented by the Securities and Exchange Commission, and financial statement restatement numbers published by the Huron Corporation. The tw...

The core issue underlying the bulk of scholarly research into the Japanese political economy is the relationship between the bureaucracy and the politicians. My study investigates whether there has been a relative decline in bureaucratic influence and whether politicians are displaying more independence in the policy making process than they did during previous decades. My main hypothesis is that the loss of bureaucratic influence has largely been a function of the declining position of former bureaucrats within the ruling Liberal Democrat Party (LDP), and that it has largely been politicia...

Success Stories of African Americans in the Nonprofit Sector presents the stories of 6 executives whose stories define African-American business success. Thriving in spite of multiple obstacles, they have enjoyed extraordinary careers at (and helped build the fortunes of) nonprofit organizations. In remarkably candid interviews, these exemplary professionals reveal not only the secrets of their successes, but the sources of their fears, their most difficult challenges, and their hopes for the future. Their experiences are presented according to what they rev...

As the sun set on the 20th century, a new age dawned in Japan. This new era, symbolized by the postmodern city of Tokyo, has ushered in not only technological innovation and economic prowess, but changing attitudes and values among Japanese young people. This transformation is not an uncommon or even new phenomenon, but simply the result of modern life. And one of the symptoms of modernity is the prevalence of an “ethics of materialism,” the ever-increasing concern for the acquisition of wealth and commodity goods, sometimes at the expense of the concern for human life itself. Walter Benja...

In the field of antitrust, the freedoms to contract and compete can and do contradict. Profit-maximizing companies desire perfectly competitive input markets to minimize their costs, but want monopolistic markets for their outputs to maximize their profits. Consequently, they have strong incentives to undermine competition in their output markets. In a world without antitrust laws, many companies would thus eliminate competition by using their freedom to contract, either by entering into legally enforceable agreements which fix prices or divide up markets, or by merging and acquiring rivals to...

The famous Black-Scholes model was the starting point of a new financial industry and has been a very important pillar of all options trading since. One of its core assumptions is that the volatility of the underlying asset is constant. It was realised early that one has to specify a dynamic on the volatility itself to get closer to market behaviour. There are mainly two aspects making this fact apparent. Considering historical evolution of volatility by analysing time series data one observes erratic behaviour over time. Secondly, backing out implied volatility from daily traded plai...

The problem of automatic toponym resolution, or computing the mapping from occurrences of names for places as found in a text to an unambiguous spatial footprint of the location referred to, such as a geographic latitude/longitude centroid is difficult to automate due to insufficient and error-prone geographic databases, and a large degree of place name ambiguity: common words need to be distinguished from proper names (geo/non-geo ambiguity), and the mapping between names and locations is ambiguous (London can refer to the capital of the UK or to London, Ontario, Canada, or to about forty oth...

The topic of tourism development has been explored by a number of scholars and increasingly, over the past decade, more literature has become available on tourism development on small islands . For many of the small island territories or nations, they share a number of major issues in the area of tourism. These include vast distances from source markets, foreign investment and the resulting leakage of revenue, over-dependence on tourism (mono-structured economy), dependence on imports, and an overburdened infrastructure, just to name a few (Gössling 2003; Harrison, 2004; McElroy, 2006). Most ...

For millennia a patriarchal society has ruled to the exclusion of the feminine or the Goddess who was peacefully worshipped before being completely replaced by a warrior Father God. The Goddess and hence women have been relegated to second-class citizens. The concept of woman as defined by traditional patriarchal society has disempowered the female sex and deemed them inferior. This exclusion and denigration of the divine feminine has done serious damage to women and men both individually and collectively, not to mention the damage this masculine mindset has caused to the environment through w...

A significant volume of literature has been developed that seeks to provide an explanation for the growth of FDI and its impact on less developed countries. The literature is characterized by diversity and controversy. Based on it, a range of reasons for encouraging investment have been proposed including its favorable effects on employment levels, the balance of payments and balance of trade of the host country and also the potential for acquisition of technology and skills (Cave: 1982 and Dunning: 1993). Equally, the potentially negative effects of growing levels of foreign investment on dom...