Browsing by Subject "Business enterprises -- Finance"
Now showing 1 - 4 of 4
Results Per Page
Sort Options
Item A critical analysis of the enterprise theory to determine its implications in accounting(Texas Tech University, 1973-05) Parmer, Jerold LNot availableItem Characteristics and influence of advisory committees on program planning in Texas scondary agricultural programs(2010-08) Barbour, Joseph C.; Burris, Scott; Ulmer, Jonathan; Fraze, Steven; Kieth, LanceTo be in accordance with state and federal law, secondary agricultural programs must involve parents, academic career and technical (CTE) teachers, administrators, and local business and industry representatives in an annual evaluation of CTE programs. This group is often referred to as an advisory committee. Little in Texas is known as to what extent Texas secondary agricultural programs are currently utilizing advisory committees to annually evaluate CTE programs. In order to determine what extent advisory committees are being used by secondary agricultural programs, a descriptive study was performed. Data collection took place during the months of January and February 2010 using an online questionnaire developed by researchers at Texas Tech University. The questionnaire was completed by 162 agricultural science teachers in Texas who represent the programs in which they are employed. Findings of this study concluded that agricultural science teachers in Texas believed that the most important functions of an advisory committee was creating a communication link between the program and the community and evaluating the agricultural program. Agricultural teachers who did report utilizing an advisory committee had similar views in regard to the perceived functions of advisory committees on program planning. Overall, most programs in Texas do not currently utilize an advisory committee. The findings of this study have been generalized to include all secondary agricultural programs in Texas.Item Pricing treasury inflation protected securities(2012-05) Fairbanks, Josh; Hein, Scott E.; Mercer, Jeffrey M.; Whitby, Ryan; Winters, Drew B.; Westfall, Peter H.Essay 1: Academics and practitioners perceive Treasury Inflation-Protected Securities (TIPS) to be tax disadvantaged relative to their nominal counterparts because the tax code requires investors to pay annual income taxes on the inflation adjustments made to the principal. The only caveat is if the investor holds the inflation-protected security in a nontaxable account. This paper investigates the price of TIPS for a positive income tax rate to see if the marginal investor considers the tax consequences of owning the security. From 2002 to 2004, I find some evidence of a positive marginal tax rate in the price of TIPS. From 2005 to 2010, I show that the price of TIPS and nominal Treasury notes and bonds do not include economically meaningful marginal tax rates. Although differences may exist in the tax code, the findings suggest the marginal investor does not price the unique tax treatment. Essay 2: Treasury Inflation-Protected Securities (TIPS) are distinctive assets that compensate investors for inflation by adjusting the principal value, and subsequently interest payments, for changes in the non-seasonally adjusted urban Consumer Price Index. In this essay, I propose the addition of a constant term, “alpha,” to the theoretical bond pricing equation. The objective is to test for a significant alpha in the monthly cross-section of TIPS prices from January 2002 to December 2010. The results suggest a significant alpha exists in the price of TIPS. For comparison, I also investigate the price of nominal Treasury notes and bonds for a significant alpha. I find evidence of a significant alpha in the price of nominal securities, but the parameter estimates are not economically meaningful. The empirical findings suggest that the inclusion of an alpha is necessary when modeling TIPS prices.Item The temporal dynamics of entrepreneurial growth: an event structure analysis in an entrepreneurial firm(Texas Tech University, 1998-05) Morse, Eric A.In the interest of advancing our understanding of entrepreneurial growth, this research has analyzed the five-stage growth model of Churchill and Lewis (1983). The goal of this analysis has been to add to our stock of knowledge about the Churchill and Lewis Model. To achieve this goal, event structure analysis (Heise, 1988, 1989) is applied to a large ethnographic data base on the life of National Software Corporation (NSC). Event structure analysis is a methodology for finding logical structure in qualitative data. Such logical structure can be used to theorize about temporal ordering of events leading to some conclusion, such as the events leading to the end of a particular crisis, or to the beginning of a new stage of growth. The ability to theorize, about events leading to outcomes, will help us to understand how these outcomes come about. This study found that the Churchill and Lewis (1983) Model does a good job of specifying the sequence of events that occur as the firm moves between stages of growth. However, the Model is not satisfactory in explaining how an owner can assess current patterns of events or why one event flows logically from the last or on to the next. This study also found the Churchill and Lewis (1983) Model lacking in contextual development in two areas. First, the Churchill and Lewis Model does not take outside influences such as alliances, boards, and other stakeholders into account. Second, the Churchill and Lewis Model does not account well for those firms whose intent is an entrepreneurial harvest. This study is also significant for the introduction of event structure analysis (Heise, 1988, 1989). An extensive literature review shows this study to be the first application of event structure analysis in the management literature.