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Pages
- Title
- From socialism to communism in the Soviet Union: Report on the work of the Central Committee to the Eighteenth Congress of the C.P.S.U.(B.) delivered March 10, 1939.
- Creator
-
Stalin, Joseph, T︠S︡K KPSS
- Date Issued
- 1939
- Identifier
- 2180034, CFDT2180034, ucf:4933
- Format
- Document (PDF)
- PURL
- http://purl.flvc.org/FCLA/DT/2180034
- Title
- Problems of the development of the U. S. S. R: Draft of the thesis of the International left opposition on the Russian question.
- Creator
-
Trotsky, Leon, Lewitt, Morris, Shachtman, Max
- Date Issued
- 1931
- Identifier
- 367857, CFDT367857, ucf:5364
- Format
- Document (PDF)
- PURL
- http://purl.flvc.org/FCLA/DT/367857
- Title
- The New phase in the Soviet Union: Report to the enlarged Presidium of the Executive Committee of the Communist International, February 25, 1930.
- Creator
-
Molotov, Vyacheslav Mikhaylovich, Communist International Executive Committee
- Date Issued
- 1931
- Identifier
- 369422, CFDT369422, ucf:5445
- Format
- Document (PDF)
- PURL
- http://purl.flvc.org/FCLA/DT/369422
- Title
- THE INFLUENCE OF CAMPAIGN CONTRIBUTIONS ON PROPORTIONALITY OF REPRESENTATION IN THE UNITED STATES CONGRESS.
- Creator
-
Cox, Jamesha, Jewett , Aubrey, University of Central Florida
- Abstract / Description
-
There are proportionally fewer Hispanic Americans, African Americans and women in Congress than in the United States population. Existing literature prescribes a variety of explanations for this disparity including skewed nominations procedures, differing participation rates, racial gerrymandering, voting biases, and funding inequities. This study revisits one aspect of the underrepresentation issue: campaign contributions. Money has been an integral component of the electoral process since...
Show moreThere are proportionally fewer Hispanic Americans, African Americans and women in Congress than in the United States population. Existing literature prescribes a variety of explanations for this disparity including skewed nominations procedures, differing participation rates, racial gerrymandering, voting biases, and funding inequities. This study revisits one aspect of the underrepresentation issue: campaign contributions. Money has been an integral component of the electoral process since before the American Revolution and its impact on the current composition of Congress ought to be explored to a greater extent. Previous research shows that contributors rarely, if at all, discriminate on the basis of gender. This study intends to further investigate the congressional campaign funding of African Americans and provide some much needed insight regarding the campaign financing of Hispanic American candidates. Using financial and biographical data from each candidate within the 2004 and 2008 election cycles, a multiple regression model will be employed to evaluate the extent to which gender and minority status determine the distribution of congressional campaign funds independent of other electability traits considered influential by contributors (the percentage of vote received in the last election, incumbency, and the leadership position held are indications of candidate strength that affect campaign contributions). The magnitude and statistical significance of these coefficients provides further understanding into funding inequities.
Show less - Date Issued
- 2013
- Identifier
- CFH0004484, ucf:45076
- Format
- Document (PDF)
- PURL
- http://purl.flvc.org/ucf/fd/CFH0004484
- Title
- Essays on the Effect of Excess Compensation and Governance Changes on Firm Value.
- Creator
-
Dah, Mustafa, Frye, Melissa, Whyte, Ann, Gatchev, Vladimir, Schnitzlein, Charles, Campbell, Terry, University of Central Florida
- Abstract / Description
-
This dissertation consists of three essays on the effect of excess compensation and corporate governance changes on the firm's performance. The first paper utilizes a cost minimization stochastic frontier approach to investigate the efficiency of director total compensation. Our findings suggest that board members are over compensated. We show that, on average, the director actual compensation level is above the efficient compensation level by around 63%. Our results suggest that an increase...
Show moreThis dissertation consists of three essays on the effect of excess compensation and corporate governance changes on the firm's performance. The first paper utilizes a cost minimization stochastic frontier approach to investigate the efficiency of director total compensation. Our findings suggest that board members are over compensated. We show that, on average, the director actual compensation level is above the efficient compensation level by around 63%. Our results suggest that an increase in director excess compensation decreases the likelihood of CEO turnover, reduces the turnover-performance sensitivity, and increases managerial entrenchment. Thus, the surplus in director compensation is directly associated with managerial job security and entrenchment. Furthermore, although director excess compensation is not significantly inversely related to the firm's future performance, it has an indirect negative effect on future performance through its impact on the entrenchment-performance relationship. Therefore, this essay proposes that the overcompensation of directors is directly associated with a board culture predicated by mutual back-scratching and collusion between the CEO and the board members. The second essay tests the effect of an exogenous shock, the Sarbanes-Oxley Act (SOX) of 2002, on the structure of corporate boards and their efficiency as a monitoring mechanism. The results suggest an increase in the participation of independent directors at the expense of insiders. Consequently, we investigate the implications of board composition changes on CEO turnover and firm value. We document a noticeable reduction in CEO turnover in the post-SOX period. We also demonstrate that, after SOX, a board dominated by independent directors is less likely to remove a CEO due to poor performance. Finally, we highlight a negative association between the change in board composition and firm value. We propose that our findings are predicated on an off equilibrium result whereby firms were forced to modify their endogenously chosen board composition. Therefore, contrary to the legislators' objectives, we suggest that the change in board structure brought about inefficient monitoring and promoted an unfavorable tradeoff between independent directors and insiders. The third essay examines the relationship between the firm's governance structure and its value during different economic conditions. We show that both relative industry turnover and CEO entrenchment increase during economic downturns. We also find that relative industry turnover and managerial entrenchment have opposite impacts on the value of the firm throughout the recessionary period. While industry turnover leads to an appreciation in firm value, managerial entrenchment reduces shareholders' wealth. The negative impact of managerial entrenchment on firm value, however, outweighs the positive impact of industry turnover. Accordingly, we propose that a recession provides managers with a good opportunity to camouflage their behavior and extract more private benefits and, thus, blame the poor performance on bad economic conditions.
Show less - Date Issued
- 2012
- Identifier
- CFE0004202, ucf:49029
- Format
- Document (PDF)
- PURL
- http://purl.flvc.org/ucf/fd/CFE0004202