Browsing UMBC Economics Department by Issue Date
Now showing items 1-20 of 28
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A Lapse of Concentration Omitted Variables, Board Structure and Firm Performance
(2004-10)Previous analyses of the relationship between board structure and firm performance have not considered how that relationship is affected by external ownership concentration. This paper illustrates how, as a result of this ... -
Trinko V. Baxter: The Demise of U.S. V. At&T
(Elsevier, 2005-11-04)The Supreme Court's decision in Verizon v. Trinko, especially in relying on regulation to justify limiting the scope of antitrust enforcement, contradicts both the outcome in U.S. v. AT&T twenty years ago and the theory ... -
Foreclosures of Subprime Mortgages in Chicago - Analyzing the Role of Predatory Lending Practices
(OCC, 2006-08)A dramatic rise in subprime foreclosures over the past several years has led to calls for restrictions of, or prohibitions against, a range of lending practices loosely termed "predatory." Several cities and states have ... -
Predatory lending practices and subprime foreclosures: Distinguishing impacts by loan category
(Elsevier, 2007-10-10)A recent dramatic rise in subprime foreclosures has led to calls for restrictions against a range of loan features loosely termed “predatory.” Several cities and states have enacted regulations to curb predatory practices, ... -
BUNDLED REBATES AS EXCLUSION RATHER THAN PREDATION
(Oxford University Press, 2008-03-19)Prevailing tests for whether bundled rebate programs are anticompetitive, including the recent Antitrust Modernization Commission Recommendation 17, are based on whether some incremental or total price in the rebate program ... -
Loan Loss Reserves, Accounting Constraints, and Bank Ownership Structure
(Federal Reserve Bank of Richmond, 2011-12) -
Origination Channel, Prepayment Penalties, and Default
(Wiley, 2012-01-18)This article presents evidence that nonbank‐originated subprime mortgages have a higher probability of default than bank‐originated subprime mortgages, but only for loans with prepayment penalties. Evidence also indicates ... -
Loan Loss Reserve Accounting and Bank Behavior
(Federal Reserve Bank of Richmond, 2012-03) -
Geographic Variation in Subprime Loan Features, Foreclosures, and Prepayments
(MIT Press, 2013-05-13)Using data on subprime mortgages from ten cities, I examine geographic variation in the effects of prepayment penalties, balloon loans, and reduced documentation on the probabilities of foreclosure and prepayment. Results ... -
Loan loss provisions, accounting constraints, and bank ownership structure
(Elsevier, 2014-12-31)We examine bank-level changes in the relationship between earnings and loan loss provisioning, a measure of earnings management, following the tightening of accounting constraints associated with the SEC's 1998 SunTrust ... -
Compliance with legal minimum wages Compliance with legal minimum wages and overtime pay regulations in China
(Springer Nature, 2015-10-13)We use a matched firm-employee data set to examine the extent of compliance with minimum wage and overtime pay regulations in Chinese formal sector firms. We find evidence that there is broad compliance with legal minimum ... -
Should Antitrust Go Beyond “Antitrust”?
(Sage, 2018)Numerous observers, from all sides of the political spectrum, have proposed alternatives to economic efficiency as objectives for antitrust enforcement and decisions. A list includes fairness, inequality, labor share of ... -
The Contributions of Robert Fogel to Cliometrics
(Springer-Verlag GmbH Germany, 2018-10-27)Robert Fogel was one of the earliest and most forceful advocates for the use of quantitative methods and economic theory in the study of economic history and long-term economic change. He demonstrated through his work on ... -
Are Public Sector Workers in Developing Countries Overpaid? Evidence from a New Global Data Set
(Elsevier Inc., 2019-02-25)This paper examines the public sector wage premium using nationally representative household surveys from 91 countries. The public sector generally pays a wage premium compared to all private sector salaried employees, but ... -
Earnings, risk-taking, and capital accumulation in small and large community banks
(Elsevier, 2019-03-09)We examine the relationships between ownership structure and both earnings and risk-taking among community banks before, during, and after the US financial crisis. We find that publicly-held small community banks had lower ... -
The Elementary Education Act of 1870: Landmark or Transition
(Palgrave Macmillan, Cham, 2019-04-11)The Education Act of 1870 was only one of several factors contributing to the onset of universal schooling and literacy in England. Much of the growth of state involvement in the provision of elementary schooling occurred ... -
Do Managers Matter : Evidence from E-sports
(Western Economic Association International, 2019-08-12)Growing importance of human resources places the role of managers at the core of company efficiency. However, there are studies that demonstrate the efficiency of teams without a manager, so-called self-managed teams, is ... -
Does Experience Matter? Salary Dispersion, Coaching, and Team Performance: the MLS case
(Western Economic Association International, 2019-09-12)Using Major League Soccer as a unique dataset, this study examines the direct and indirect role of coaches’ experience in determining team performance. Inspired by labour market studies, we applied traditional indicators ... -
Self-employment and labour market dynamics of men and women in El Salvador and Nicaragua
(United Nations University World Institute for Development Economics Research, 2019-12)We study the labour market dynamics of men and women in El Salvador and Nicaragua, focusing on the factors that help men and women move into an advantageous labour market state from an unfavourable state. We consider ... -
The Wisdom of Crowds and Transfer Market Values
(North American Association of Sports Economists, 2020)Crowd-sourcing of information has become popular in the years since James Surowiecki published The Wisdom of Crowds: why the many are smarter than the few and how collective wisdom shapes business, economies, societies, ...