The labor studies literature has for many years accepted the labor hording theory. That theory derives from Journal of Financial Transformation seminal work by Oi (1962), Miller (1971), and Fair (1985). These studies argue that as a result of the absolute cost of hiring and training certain...

When companies fail workers lose their jobs which raises the unemployment rate and some displaced workers with less financial wealth, larger financial obligations, and who are the sole bread winners in a family become likely candidates for a personal bankruptcy filing. The central role played by...

Early warning models are among the most utilized developments in finance. A good early warning model can predict with a high degree of accuracy the likelihood that a healthy company will either go bankrupt or become financially distressed. B2B companies supply products are now global. This paper...

Globalization has precipitated movement of output and employment between regions. How similar are companies in different regions following this dramatic shift in economic activity? Corporate comparisons to test global convergence could be made along numerous dimensions. We look at firms along...

We investigate the ratio of terminal value (TV) to present value (PV) for a variety of enterprises. Calculations are derived at different time periods and for various size deciles and industry. We document that when there are more years of data available that the TV/PV ratio decreases. We also...

For the most part, research purporting to address the issue of financial distress has actually studied samples of bankrupt companies. Financial distress and bankruptcy are different. In contrast, this paper starts with a sample of companies that are financially distressed but not yet bankrupt....

This article is about ethics, or more correctly questionable ethics. It is also about greed. When a commercial party’s consideration for its stakeholders is distorted by an opportunity for short-term gain, it creates a self-centric view of the world. This myopia creates a blurred vision of...

Class discussion is a frequently used pedagogy, and prior research indicates that preparation for and frequency of participation in class discussion are positively and statistically significantly related to students’ comfort participating, and comfort participating is positively related to...

Calling on a student whose hand is not raised is viewed by many instructors as punitive, fearing that a student who is cold-called will feel uncomfortable, or worse, humiliated (Dallimore et al. 2005). This study is designed to examine the impact of cold-calling on students’ participation in...

Class discussion, especially case discussion, is a frequently used active learning strategy in business and accounting education. Prior research suggests that students' self-reported comfort with class discussion is positively related to students' self-reported learning. Pre- and post-course...