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Pages
- Title
- The Influence of Economics Knowledge on Students' Attitudes Toward Financial Literacy.
- Creator
-
Beckles, Lloyd, Russell, William, Hopp, Carolyn, Hewitt, Randall, Witta, Eleanor, University of Central Florida
- Abstract / Description
-
Financial literacy has developed in importance resulting from the growing intricacy of financial markets and the increased responsibility placed on consumers for their own financial security. During last decade, the necessity of financial literacy has been heightened due to increasingly complex products and services. Managing personal finances is important and people must learn to engage in prudent financial decisions required when planning for retirement, education, and home purchases. The...
Show moreFinancial literacy has developed in importance resulting from the growing intricacy of financial markets and the increased responsibility placed on consumers for their own financial security. During last decade, the necessity of financial literacy has been heightened due to increasingly complex products and services. Managing personal finances is important and people must learn to engage in prudent financial decisions required when planning for retirement, education, and home purchases. The ability to understand and manage personal finances is a skill critical to long-term financial security, additionally, there are significant consequences to financial illiteracy that can last for a life-time and many of these consequences occur while young adults are in college where financial independence begins. As young people progress through life, they are inundated with financial decisions which should be made based on prudent financial knowledge, however, many consumers are faced with a myriad of significant financial decisions very early in life and imprudent financial mistakes made by young people can have negative effects for many years. Because many consumers lack adequate financial literacy skills, they often make poor financial decisions in an increasingly complex economic environment. This purpose of this dissertation is to study how economics knowledge influences students' attitudes in an effort to refine current of knowledge of financial literacy levels and attitudes of students
Show less - Date Issued
- 2017
- Identifier
- CFE0006564, ucf:51329
- Format
- Document (PDF)
- PURL
- http://purl.flvc.org/ucf/fd/CFE0006564
- Title
- DETERMINANTS OF FINANCIAL CONDITION: A STUDY OF U.S. CITIES.
- Creator
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Dennis, Lynda, Wang, XiaoHu, University of Central Florida
- Abstract / Description
-
How well a local government is able to provide for the needs and preferences of its citizens generally depends on the financial resources available; and, how such resources are allocated, distributed, and managed. Demographics, size of local government, supply and age of infrastructure, financial position of the government, and the local economy represent a few of the factors affecting what public goods and services citizens prefer. Internal systems of accounting and control affect the...
Show moreHow well a local government is able to provide for the needs and preferences of its citizens generally depends on the financial resources available; and, how such resources are allocated, distributed, and managed. Demographics, size of local government, supply and age of infrastructure, financial position of the government, and the local economy represent a few of the factors affecting what public goods and services citizens prefer. Internal systems of accounting and control affect the allocation, distribution, and management of financial resources. As such, these internal systems significantly affect the provision of public goods and services. The research outlined in this study examined the relationship between a government's financial management capacity (independent variable) and its financial condition (dependent variable), while controlling for environmental factors related to governance and demographics. Financial condition was quantitatively measured using financial ratios calculated from a database of over 1,600 U.S. cities compiled by the Government Finance Officers Association. Financial management capacity and its relationship to financial condition were measured with a survey of the chief financial officers of almost 500 of the sample cities. This research was exploratory in nature as there is little empirical evidence with respect to financial management capacity or its relationship to overall financial condition. In this study certain statistically significant moderate correlations were found with respect to financial condition and financial management capacity. However, multiple regression analysis of financial condition and financial management capacity (controlling for governance and socio-economic factors), indicated no statistically significant relationship between them as conceptualized and operationalized for this study. When controlling for certain governance and socio-economic factors, annual limits on increases in assessed property valuations and population were found to be statistically significant with respect to financial condition. Additionally, these control variables increased and decreased financial condition, respectively. A major contribution made to the literature by this study lies in its attempt to establish an empirical relationship between financial management capacity and government performance as measured by financial condition. Based on existing literature as reviewed by this researcher, the testing of this relationship had not been done previously. This study defined and measured both financial management capacity and financial condition in dimensions and indicators that can be used in future research. Additionally, efforts were made to test the internal reliability of both measures. The results of this research indicated there are a number of other financial management capacity and environmental factors influencing financial condition beyond those identified in this study. This research also provided insight regarding the extent financial management capacity affects financial condition even though such relationships were not found to be statistically significant. Because no statistically significant relationships between financial condition and financial management capacity were found in this study, additional research is necessary to further explore this relationship as well as the correlation between the various indicators of these concepts.
Show less - Date Issued
- 2004
- Identifier
- CFE0000187, ucf:46162
- Format
- Document (PDF)
- PURL
- http://purl.flvc.org/ucf/fd/CFE0000187
- Title
- ANATOMY OF A FINANCIAL CENTER'S GLOBAL COMPETITIVENESS IN THE CONTEXT OF MICHAEL PORTER'S MODEL OF NATIONAL COMPETITIVE ADVANTAGE: A THEORETICAL ANALYSIS.
- Creator
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Magpantay, Josef, Ajayi, Richard, University of Central Florida
- Abstract / Description
-
Throughout history, a number of financial centers have risen and fallen. While the significance of some centers have deteriorated, a small number of centers have emerged as today's leading financial centers by meeting a specific set of necessary conditions needed to successfully address the growing financial needs of the regions they are located. Furthermore, an even smaller number of financial centers have been able to sustain and expand their initial dominance in the financial industry by...
Show moreThroughout history, a number of financial centers have risen and fallen. While the significance of some centers have deteriorated, a small number of centers have emerged as today's leading financial centers by meeting a specific set of necessary conditions needed to successfully address the growing financial needs of the regions they are located. Furthermore, an even smaller number of financial centers have been able to sustain and expand their initial dominance in the financial industry by continuously satisfying a more focused set of conditions and factors. This thesis focuses on adapting Michael Porter's Diamond Model in determining, clustering, and expanding key factors that have historically given cities such as London, New York, Hong Kong, Singapore, and Tokyo their current status at the pinnacle of the financial centers of the world. This thesis begins by taking Porter's model that addresses national competitive advantage nations from a macroeconomic point of view, and adapting it to the development of financial centers at a microeconomic level. It utilizes Michael Porter's established grouping corners for identifying a vast array of macroeconomic and microeconomic factors that have historically played critical roles in increasing productivity and efficiency within a center's financial industry. Additionally, this thesis categorizes these factors into parameters that form a theoretical model designed to showcase the path to global financial dominance for an aspiring financial center. With the adaptation of Porter's model outlined in this thesis, financial centers are given a figurative blueprint of what constitutes a successful financial center. The theoretical model analyzes the necessary conditions and environments that a center needs to recreate within itself, or are endowed with, in order to be a globally competitive financial center.
Show less - Date Issued
- 2011
- Identifier
- CFH0004062, ucf:44806
- Format
- Document (PDF)
- PURL
- http://purl.flvc.org/ucf/fd/CFH0004062
- Title
- INFORMATIONAL EFFICIENCY AND THE REACTION TO TERRORISM: A FINANCIAL PERSPECTIVE.
- Creator
-
Roland, Nicholas, Sturm, Ray, University of Central Florida
- Abstract / Description
-
The purpose of this study is to measure the message terror organizations hope to convey using the financial markets as a proxy of measurement to determine patterns within the marketplace and the effects on the terrorists' ability to deliver a desired message due to the increased use of digital devices and access to instantaneous news, seen over the past decade. Using death count, geographic location, and event type, this study identified 109 attacks between 1985 and 2015 to be analyzed...
Show moreThe purpose of this study is to measure the message terror organizations hope to convey using the financial markets as a proxy of measurement to determine patterns within the marketplace and the effects on the terrorists' ability to deliver a desired message due to the increased use of digital devices and access to instantaneous news, seen over the past decade. Using death count, geographic location, and event type, this study identified 109 attacks between 1985 and 2015 to be analyzed against 5 market indices and 5 securities. Measuring the effects within a 10-day sample window from the time of the attack (+ or - 5 days) using average abnormal returns, standard deviation, Sharpe Ratio and the initial reactions in the market place as a percentage of total attacks, the effects on average abnormal returns on the market proxies were measured on three levels; The entire sample period from 1985 to 2015; the first half of the sample period 1985-1999; and the second half of the sample period 2000-2015. Analyzing trends in abnormal returns and standard deviation, the results of the study were inconclusive.
Show less - Date Issued
- 2016
- Identifier
- CFH0000232, ucf:44672
- Format
- Document (PDF)
- PURL
- http://purl.flvc.org/ucf/fd/CFH0000232
- Title
- The Design Plan for a Comprehensive Financial Literacy Program.
- Creator
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Manselle, Karemah, Hopp, Carolyn, Owens, J. Thomas, Ortiz, Enrique, Vitale, Thomas, University of Central Florida
- Abstract / Description
-
The need for financial literacy among Americans has become a national topic of interest. Economists, financial professionals, educators, and government officials recognize there is an overall deficit of financial knowledge. More specifically, higher education administrators have become increasingly concerned with ensuring that financial literacy tools are available to college students. Students of today face higher tuition and education-related costs, are less likely to receive grant funding...
Show moreThe need for financial literacy among Americans has become a national topic of interest. Economists, financial professionals, educators, and government officials recognize there is an overall deficit of financial knowledge. More specifically, higher education administrators have become increasingly concerned with ensuring that financial literacy tools are available to college students. Students of today face higher tuition and education-related costs, are less likely to receive grant funding to assist with their educational expenses, and are more likely to be in debt, carrying higher student debt loads than previous generations. Further, students lack the financial knowledge needed to make sound financial decisions. Hence, there is a need for effective financial literacy programs at post-secondary institutions. The purpose of this dissertation in practice (DIP) is to design a comprehensive financial literacy program model for students attending large diverse higher education institutions similar to the University of Central Florida.
Show less - Date Issued
- 2015
- Identifier
- CFE0005837, ucf:50921
- Format
- Document (PDF)
- PURL
- http://purl.flvc.org/ucf/fd/CFE0005837
- Title
- Design and Implementation Plan for the "I Am Potential" Financial Literacy Education Program.
- Creator
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Louis, Tureka, Hopp, Carolyn, Robinson, Edward, Vitale, Thomas, Hayes, Burnice, University of Central Florida
- Abstract / Description
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ABSTRACTThis Financial Literacy Program Model is a proposed solution to the problem of financial illiteracy among the working poor. Over 80 percent of adults in America are not financially literate, yet more than half believe themselves to be (OECD, 2005). No community is more adversely affected by this fallacy than the working poor. Earning income, yet living below the poverty line, this group is as deceived as any other by the misconception that increased income is their sole remedy rather...
Show moreABSTRACTThis Financial Literacy Program Model is a proposed solution to the problem of financial illiteracy among the working poor. Over 80 percent of adults in America are not financially literate, yet more than half believe themselves to be (OECD, 2005). No community is more adversely affected by this fallacy than the working poor. Earning income, yet living below the poverty line, this group is as deceived as any other by the misconception that increased income is their sole remedy rather than a small part of the complex equation greatly influenced by financial literacy. Drawing upon a review of related literature, observation of a successful program, and interviews, three barriers to financial literacy education are presented and addressed in this program's design. 1) Overblown financial self-efficacy spawns the popular belief held by most financially illiterate individuals that they are financially literate (OECD, 2005). 2) Lack of differentiation is prevalent. Existing programs cover basic financial topics with a one size fits all approach. 3) Although attrition rates are high, there are few motivational interventions in place within currently existing programs. These obstacles combined with the unique set of circumstances faced by the working poor exacerbate financial illiteracy and its related issues. This program was designed as part of the I Am Potential, Inc initiative (IAP) (-) an effort to assist individuals who desire to enhance their lives. In particular, IAP targets underserved communities. The (")I Am Potential(") Financial Literacy Program Model and Implementation Plan addresses these issues through instructional design with pre- and post-treatment financial self efficacy and motivation assessments along with differential instructional delivery methods, including a variety of modes and durations available for a distinctive learner population. Themodel accommodates the subsequent addition of coursework for enhancement in other life domains.
Show less - Date Issued
- 2014
- Identifier
- CFE0005203, ucf:50620
- Format
- Document (PDF)
- PURL
- http://purl.flvc.org/ucf/fd/CFE0005203
- Title
- HOW BEHAVIORAL FACTORS ARE BEING IMPLEMENTED INTO TODAY'S FINANCIAL EDUCATION PROGRAMS.
- Creator
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Perez, Esperanza, Gilkeson, Jim, University of Central Florida
- Abstract / Description
-
This research examined 50 financial education programs within the state of Florida. The purpose of the research was to survey financial education program providers to see how they are evolving to meet the sociological, psychological and behavioral factors that affect individual's financial decision making. In constructing the survey I referenced articles, journals and publications regarding how certain factors can affect an individual and their ability to apply financial education to their...
Show moreThis research examined 50 financial education programs within the state of Florida. The purpose of the research was to survey financial education program providers to see how they are evolving to meet the sociological, psychological and behavioral factors that affect individual's financial decision making. In constructing the survey I referenced articles, journals and publications regarding how certain factors can affect an individual and their ability to apply financial education to their daily life. This review of previous research showed that tailored education, to determine a participant's means, ability and goals, is the best way to help participants achieve financial independence. In this literature review no specific details were found on how programs are evolving or how existing program offerings are filling the need for tailored financial education. This topic is important because financial decisions that people make will not only affect current generations but also future generations. I contacted 50 agencies with a 27 question survey regarding their basic organizational structure, funding, program details, success determinants, primary program goals and focus, and marketing strategies. 36% of those contacted, or 18 organizations, responded. All responses were compiled and compared to determine relationships among program structures, offerings, and goals. The primary findings were that most organizations opened after 2000, have budgets under $100,000 funded primarily by two main sources, and their main goals are to provide basic knowledge and education to help participants improve financial decisions. In addition, most programs conduct a pre-post survey or get participant feedback to evaluate programs and use the number of participants at meetings as their main success factor. The majority of programs do not collect financial information, however they provide one-on-one counseling to focus on tailoring education to 501+ participants per year. Recommendations for future research are to increase the number of respondents, look deeper into funding requirements, the program lifecycle, marketing strategies employed and their effectiveness, and what specific financial education topics programs are addressing. This will add to existing research by providing a broader view of the financial education landscape and help programs to evolve to meet the need for tailored education.
Show less - Date Issued
- 2015
- Identifier
- CFH0004729, ucf:45374
- Format
- Document (PDF)
- PURL
- http://purl.flvc.org/ucf/fd/CFH0004729
- Title
- Simulations for Financial Literacy.
- Creator
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Hamilton, Angela, Jones, Daniel, Flammia, Madelyn, Metcalf, David, University of Central Florida
- Abstract / Description
-
Financially literate consumers are empowered with the knowledge and skills necessary to make sound financial decisions that ensure their long-term economic well-being. Within the context of the range of cognitive, psychological, and social factors that influence consumer behavior, simulations enhance financial literacy by developing consumers' mental models for decision-making. Technical communicators leverage plain language and visual language techniques to communicate complex financial...
Show moreFinancially literate consumers are empowered with the knowledge and skills necessary to make sound financial decisions that ensure their long-term economic well-being. Within the context of the range of cognitive, psychological, and social factors that influence consumer behavior, simulations enhance financial literacy by developing consumers' mental models for decision-making. Technical communicators leverage plain language and visual language techniques to communicate complex financial concepts in ways that consumers can relate to and understand.Simulations for financial education and decision support illustrate abstract financial concepts, provide a means of safe experimentation, and allow consumers to make informed choices based on a longitudinal comparison of decision outcomes. Technical communicators develop content based on best practices and conduct evaluations to ensure that simulations present information that is accessible, usable, and focused on the end-user. Potential simulation formats range from low- to high-fidelity. Low-fidelity simulations present static data in print or digital formats. Mid-fidelity simulations provide digital interactive decision support tools with dynamic user inputs. More complex high-fidelity simulations use narrative and dramatic elements to situate learning in applied contexts.
Show less - Date Issued
- 2012
- Identifier
- CFE0004318, ucf:49489
- Format
- Document (PDF)
- PURL
- http://purl.flvc.org/ucf/fd/CFE0004318
- Title
- The Missing Middle: Understanding the Effects of Social Enterprise on Nonprofit Performance.
- Creator
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White-Jones, Angela, Feder, Lynette, Stevenson, Robyne, Norris Tirrell, Dorothy, Nobles, Matt, University of Central Florida
- Abstract / Description
-
The 2008 financial recession has seen increased poverty, job loss, and homelessness as well as decreased spending in health care, education, sanitation, and housing. These factors can lead to tensions across a number of sectors and underscore the need for innovation in for-profit, nonprofit and government organizations. One area of innovation in the nonprofit sector to supplement revenues is by adding social enterprise activity. Social enterprise is the pursuit of earned income activities for...
Show moreThe 2008 financial recession has seen increased poverty, job loss, and homelessness as well as decreased spending in health care, education, sanitation, and housing. These factors can lead to tensions across a number of sectors and underscore the need for innovation in for-profit, nonprofit and government organizations. One area of innovation in the nonprofit sector to supplement revenues is by adding social enterprise activity. Social enterprise is the pursuit of earned income activities for an organization that is driven by a community mission or value.Because financial and social problems are becoming increasingly intertwined, this study seeks to understand the impacts of social enterprises on nonprofit organizations. The research uses existing data from Guidestar based on nonprofit IRS Form 990 as well as responses to an original survey administered to nonprofit organizations throughout Florida. This study will indicate if there are financial and social impacts on nonprofit organizations that have a social enterprise.Multiple regression analysis is used to estimate the impact of social enterprises on their respective nonprofits. Examining financial and social outcomes, the study determines the impact of social enterprises on a nonprofit's finances and mission.
Show less - Date Issued
- 2016
- Identifier
- CFE0006419, ucf:51456
- Format
- Document (PDF)
- PURL
- http://purl.flvc.org/ucf/fd/CFE0006419
- Title
- A STUDY ON THE IMPACT OF TECHNOLOGICAL ADVANCEMENT ON COMMUNITY BANK PERFORMANCE.
- Creator
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Ong, Andre, Kullu, A. Melih, University of Central Florida
- Abstract / Description
-
This study investigates the impact of technological advancement in community bank lending, more specifically, how online financial product and service offerings affect community banks' performance. Community banks, institutions with assets under $1 billion are praised as relationship banking specialists, are important source of credit to individuals and businesses. Their productive performance is highly beneficial for the economic development of the communities and customers that they serve,...
Show moreThis study investigates the impact of technological advancement in community bank lending, more specifically, how online financial product and service offerings affect community banks' performance. Community banks, institutions with assets under $1 billion are praised as relationship banking specialists, are important source of credit to individuals and businesses. Their productive performance is highly beneficial for the economic development of the communities and customers that they serve, yet community banks' competitive power against large banks has become increasingly more challenging. Technological advancements radically shift all production and service based industries, including the banking industry and its institutions' offerings. The increasing use of online products and services provides convenience for bank customers, and eventually creates more demand, and boosts up the industry competition. Regarding the impact of technological advancements in the banking industry and the specific position that community banks carries, the question arises of "How does a changing technological landscape affect community banks' performance?". This study aims to contribute to the understanding of how these institutions can better utilize their limited resources to improve their performances.
Show less - Date Issued
- 2018
- Identifier
- CFH2000348, ucf:45788
- Format
- Document (PDF)
- PURL
- http://purl.flvc.org/ucf/fd/CFH2000348
- Title
- WILL LEASING LOSE ITS LUSTER: AN ANALYSIS OF LEASE REPORTING UNDER FAS 13.
- Creator
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Gates, Casey, Pamela Roush, Dr., University of Central Florida
- Abstract / Description
-
When standards for financial reporting are amended, potential for change in the appearance of financial position for companies reporting under those standards arises. Currently standards set forth by the Financial Accounting Standards Board (FASB) allow for two methods of reporting lease obligations on the financial statements. The first of these methods is the operating method, which allows lease payments to be expensed within the period they are incurred and only a decrease in cash or an...
Show moreWhen standards for financial reporting are amended, potential for change in the appearance of financial position for companies reporting under those standards arises. Currently standards set forth by the Financial Accounting Standards Board (FASB) allow for two methods of reporting lease obligations on the financial statements. The first of these methods is the operating method, which allows lease payments to be expensed within the period they are incurred and only a decrease in cash or an increase in an account payable is recognized on the balance sheet. The second method is the capital method, which requires the present value of the future lease payments to be recognized on the balance sheet as an asset and a corresponding liability. Both are reduced annually through depreciation and lease payments respectively. The FASB has recently proposed discontinuing the operating method of reporting a lease obligation and allowing only for the capital method to be used. The objective of this study is to examine some of the changes in appearance of financial position that might be brought on by this potential change in reporting standards. The airline industry has been selected to illustrate the effects of capitalizing future operating lease payments on the balance sheet. These future payments under operating leases for companies within the industry are capitalized using two different methods of depreciation. The companies are then ranked in order of proximity to an industry average for eight well known financial ratios. The rankings for each treatment on a given ratio are compared and differences between the expensed ranking and each capitalized ranking are measured and discussed.
Show less - Date Issued
- 2013
- Identifier
- CFH0004366, ucf:45011
- Format
- Document (PDF)
- PURL
- http://purl.flvc.org/ucf/fd/CFH0004366
- Title
- NONPROFIT BOARD EFFECTIVENESS, FUNDING SOURCE,AND FINANCIAL VULNERABILITY.
- Creator
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Hodge, Matthew, Martin, Lawrence, University of Central Florida
- Abstract / Description
-
Nonprofit organizations rely heavily on their governing board of directors to provide leadership, strategic guidance, and financial oversight. The nonprofit community continues to grow, and the services provided by these organizations have become a critical part of our society, providing a wide variety of services targeting a diverse population. In this context, how the role of the board of directors impacts the financial position of the nonprofit organization is of great interest to both the...
Show moreNonprofit organizations rely heavily on their governing board of directors to provide leadership, strategic guidance, and financial oversight. The nonprofit community continues to grow, and the services provided by these organizations have become a critical part of our society, providing a wide variety of services targeting a diverse population. In this context, how the role of the board of directors impacts the financial position of the nonprofit organization is of great interest to both the academic community and the practitioner. This study examined three areas of interest: board effectiveness, funding source, and financial vulnerability. First, the association between board effectiveness and financial vulnerability was tested. Second, specific board behaviors associated with strategic planning and stakeholder management were tested to determine if they were greater predictors of financial vulnerability. Finally, the role of funding source (specifically privately funded organizations) as a moderating variable for board effectiveness and financial vulnerability was explored. The sample was composed of 112 participants, consisting of board member/executive director survey responses and financial information for the participating organizations. The sample was drawn from six counties in the Central Florida area. Data were collected from a series of mailings, and surveys were distributed at nonprofit lecture series. The Financial Vulnerability Index (FVI) was used as a measure of the financial condition of the nonprofit organization and represented the dependent variable in this study. The Board Self-Assessment Questionnaire (BSAQ) was used to assess board effectiveness and represented the independent variable in this study. Primary funding source was identified as a moderating variable, while board size, age of the organization, CEO tenure, service area, United Way affiliation, national affiliation were included as control variables. Board effectiveness as measured by the BSAQ was a significant predictor of financial vulnerability as measured by the FVI. The strategic and stakeholder behaviors associated with board effectiveness were not found to be significant predictors of financial vulnerability, beyond other behaviors associated with board effectiveness. Funding source was shown to moderate the observed relationship between board effectiveness and financial vulnerability, as the association between effectiveness and financial condition was significant in privately funded nonprofit organizations (no such significance was identified in government funded or commercially funded organizations).
Show less - Date Issued
- 2006
- Identifier
- CFE0000974, ucf:46690
- Format
- Document (PDF)
- PURL
- http://purl.flvc.org/ucf/fd/CFE0000974
- Title
- Currency in Transition: An Ethnographic Inquiry of Bitcoin Adherents.
- Creator
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Fletcher, Justin, Matejowsky, Ty, Reyes-Foster, Beatriz, Sinelli, Peter, University of Central Florida
- Abstract / Description
-
The Internet and other telecommunications systems have reshaped the means by which markets are accessed, generated, and transformed. Recent innovations in computer science have led to the development of a virtually bound, decentralized, encrypted currency system known as bitcoin. Unlike conventional currency systems, the Bitcoin protocol is cryptologically defined with a virtual structure that allows it to simultaneously operate as currency, commodity, and market shaping socio-political force...
Show moreThe Internet and other telecommunications systems have reshaped the means by which markets are accessed, generated, and transformed. Recent innovations in computer science have led to the development of a virtually bound, decentralized, encrypted currency system known as bitcoin. Unlike conventional currency systems, the Bitcoin protocol is cryptologically defined with a virtual structure that allows it to simultaneously operate as currency, commodity, and market shaping socio-political force. Its decentralized design permits it to function as a free-market response to fiat currencies vulnerable to inflation, regulation, and manipulation. Given the cultural significance anthropologists and other social scientists have assigned to various modes and mediums of exchange over the years, the socio-economic impact of this novel currency system warrants particular consideration. This research describes the Bitcoin community that has emerged alongside the currency, including the entrepreneurs, developers, and consumers who are dedicated to bitcoin's perpetuation and acceptance as an internationally recognized medium of exchange. Ethnographic interviews and participant observation were utilized to collect information from users in the Central Florida area, detailing their experiences and interactions with the Bitcoin protocol and its associated community. This research provides new levels of anthropological insight into currency development, market interaction, and economically embodied social commentary. Moreover, its exploratory nature helps create a viable framework around which qualitative inquiry of virtual crypto-currencies may be designed in future studies.
Show less - Date Issued
- 2013
- Identifier
- CFE0004997, ucf:49550
- Format
- Document (PDF)
- PURL
- http://purl.flvc.org/ucf/fd/CFE0004997
- Title
- An Examination of Issues Related to Professional Skepticism in Auditing.
- Creator
-
Nickell, Erin, Trompeter, Gregory, Arnold, Vicky, Roberts, Robin, Cohen, Jeffrey, University of Central Florida
- Abstract / Description
-
The third general standard of fieldwork requires auditors to maintain a skeptical mindset with regards to the collection and critical assessment of audit evidence. While professional skepticism is frequently referenced by professional standards, a lack of precision in defining the concept presumably leads to variation in how skepticism is exercised in practice. Drawing on theories from the fields of psychology, economics and organizational justice, this dissertation considers different...
Show moreThe third general standard of fieldwork requires auditors to maintain a skeptical mindset with regards to the collection and critical assessment of audit evidence. While professional skepticism is frequently referenced by professional standards, a lack of precision in defining the concept presumably leads to variation in how skepticism is exercised in practice. Drawing on theories from the fields of psychology, economics and organizational justice, this dissertation considers different perspectives of what constitutes sufficient professional skepticism and examines how those perspectives differ between audit practitioners and regulators.First, I consider competing perspectives of professional skepticism (-) neutral versus presumptive doubt (-) and whether asking auditors to adopt alternative perspectives of skepticism may have implications for audit efficiency and effectiveness. While, too little skepticism may endanger audit effectiveness and lead to audit failure or enforcement action, too much skepticism may arguably lead to unnecessary costs and inefficiency.Second, I consider whether the nature of the auditor-client relationship threatens an auditor's ability to maintain an attitude of professional skepticism. For example, theoretical perspectives from the fields of psychology and economics suggest that auditors may, consciously or unconsciously, be less skeptical of clients with whom they have developed close, positive working relationships or financial dependencies. More specifically, I consider whether skeptical behavior is impeded by management who display low-risk attitudes towards fraud or by client's who are considered to be highly important to the profitability of the local office.Finally, I examine how professional skepticism is defined from a regulator's perspective. When a public company is accused of fraudulent financial reporting, regulators may determinethat the audit performed on the fraudulent financial statements was deficient. Prior research has suggested that in such cases, insufficient skepticism is often a leading cause of alleged audit failure. Within a fairness theory framework, this study examines enforcement actions against auditors between 1999 and 2009, and identifies certain factors that are associated with a citation for a lack of professional skepticism. Overall, results suggest that regulators approach the issue by determining whether auditors should have been more skeptical. Factors found to affect this determination include whether the auditor was perceived as having been aware of an elevated risk of fraud or whether the client was accused of having provided the auditor with false or misleading information during the course of their investigation.
Show less - Date Issued
- 2012
- Identifier
- CFE0004417, ucf:49385
- Format
- Document (PDF)
- PURL
- http://purl.flvc.org/ucf/fd/CFE0004417
- Title
- THE IMPACT OF CONTINUING EDUCATION MODULES ON THE MORAL OBLIGATIONS AND RESPONSIBILITIES OF FINANCIAL ADVISORS.
- Creator
-
Modell, Sandy, Stanlick, Nancy, University of Central Florida
- Abstract / Description
-
Increased life expectancies and a significant reduction in the number of corporate pension plans nationwide have made the prospects of retirement a challenge for many of us. The burden of funding retirement will move from the corporation or government to the individual. Those individuals with limited financial experience will most likely need the guidance of a financial advisor. Can we trust and rely upon them? Following the 2004 late trading scandal and the 2008 financial meltdown, the...
Show moreIncreased life expectancies and a significant reduction in the number of corporate pension plans nationwide have made the prospects of retirement a challenge for many of us. The burden of funding retirement will move from the corporation or government to the individual. Those individuals with limited financial experience will most likely need the guidance of a financial advisor. Can we trust and rely upon them? Following the 2004 late trading scandal and the 2008 financial meltdown, the Financial Industry Regulatory Authority ("FINRA") implemented Continuing Education requirements at the advisor level. The intent was to improve the quality and integrity of advisors' interaction with clients. I have interviewed forty-one advisors at four separate financial services firms to examine the impact of this training on the moral obligations and responsibilities of financial advisors
Show less - Date Issued
- 2011
- Identifier
- CFE0003907, ucf:48715
- Format
- Document (PDF)
- PURL
- http://purl.flvc.org/ucf/fd/CFE0003907
- Title
- Interactive Data Visualization in Accounting Contexts: Impact on User Attitudes, Information Processing, and Decision Outcomes.
- Creator
-
Osidipe, Oluwakemi, Sutton, Steven, Arnold, Vicky, Schmitt, Donna, Benford, Tanya, University of Central Florida
- Abstract / Description
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In 2009, The United States Securities and Exchange Commission (SEC) issued a mandate requiring public companies to provide financial information to the SEC and on their corporate Web sites in an interactive data format using the eXtensible Business Reporting Language (XBRL). This dissertation consists of three separate, but interrelated studies exploring issues related to interactive data visualization in financial reporting contexts. The first study employs theories in information systems ...
Show moreIn 2009, The United States Securities and Exchange Commission (SEC) issued a mandate requiring public companies to provide financial information to the SEC and on their corporate Web sites in an interactive data format using the eXtensible Business Reporting Language (XBRL). This dissertation consists of three separate, but interrelated studies exploring issues related to interactive data visualization in financial reporting contexts. The first study employs theories in information systems (task-technology fit and the technology-performance chain model) and cognitive psychology (cognitive load) to examine the link between characteristics of interactive data visualization and task requirements in a financial analysis context, and the impact of that link on task performance and user attitudes towards interactive data technology use. The second study extends the first by examining the effects of prior interactive data technology use on future choice to use an interactive technology. This study uses the IS continuance model to examine antecedents to continued interactive technology use based on previous assessments of task-technology fit and performance impacts from the first study. The third study employs an elaboration likelihood model (ELM) to understand the interactivity concept and its impact on information processing and belief/attitude formation. This study examines the impact of increasing interactivity on investor perceptions of forecast credibility and on a firm's attractiveness as a potential investment choice. Overall, these three studies provide insights on factors that impact decision-making in interactive financial reporting contexts, and how characteristics of interactive data visualization impact information processing, user perceptions, and task performance.
Show less - Date Issued
- 2014
- Identifier
- CFE0005225, ucf:50634
- Format
- Document (PDF)
- PURL
- http://purl.flvc.org/ucf/fd/CFE0005225
- Title
- A Survey of Investing and Retirement Knowledge and Preferences of Florida Preservice Teachers.
- Creator
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Thripp, Richard, Hartshorne, Richard, Hahs-Vaughn, Debbie, Hoffman, Bobby, Jahani, Shiva, Mottola, Gary, University of Central Florida
- Abstract / Description
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New teachers are facing lower pay and less generous retirement benefits than the prior generation, yet their financial and retirement knowledge, concerns, and preferences have received little attention. To investigate these areas, the author developed a 39-item survey instrument and administered it to 314 preservice teachers in undergraduate teacher education courses at the University of Central Florida, who were primarily female elementary and early childhood education juniors and seniors...
Show moreNew teachers are facing lower pay and less generous retirement benefits than the prior generation, yet their financial and retirement knowledge, concerns, and preferences have received little attention. To investigate these areas, the author developed a 39-item survey instrument and administered it to 314 preservice teachers in undergraduate teacher education courses at the University of Central Florida, who were primarily female elementary and early childhood education juniors and seniors ages 18(-)25. Florida public employees are offered an unusual choice between a traditional pension plan and a defined-contribution plan similar to a 401(k) in which they can select their own investments, and 54% of surveyed preservice teachers preferred the 401(k)-like plan structure. However, their preferences may be ill-advised, given that in a mock portfolio allocation exercise intended to assess retirement investing sophistication, preservice teachers directed more than half their retirement money to low-risk money market and bond funds, which will likely underperform stocks over several decades. Furthermore, they anticipated that low salaries will impede their ability to save for retirement. For comparison, the survey was also administered to 205 U.S. college students or graduates ages 18(-)25 on the Amazon Mechanical Turk platform for $1.00 each. Worrisomely, preservice teachers had significantly lower financial knowledge and retirement investing sophistication. These findings suggest a need for financial education targeting Florida preservice teachers, particularly given that the Florida Retirement System substantially cut its benefits in 2011.
Show less - Date Issued
- 2019
- Identifier
- CFE0007868, ucf:52793
- Format
- Document (PDF)
- PURL
- http://purl.flvc.org/ucf/fd/CFE0007868
- Title
- AN EVALUATION OF ENROLLMENT MANAGEMENT MODELS OF THE 28 FLORIDA COMMUNITY COLLEGES.
- Creator
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LoBasso, Thomas, Bozeman, William, University of Central Florida
- Abstract / Description
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ABSTRACT The purpose of this study was to determine the extent to which enrollment management models have been successfully implemented within the 28 Florida community colleges. The study also sought to determine when enrollment management structures began and whether expected benefits were achieved. Analysis of the data collected in this study indicated the following five major findings. First, enrollment management concepts and practices have been implemented at some level within the 23...
Show moreABSTRACT The purpose of this study was to determine the extent to which enrollment management models have been successfully implemented within the 28 Florida community colleges. The study also sought to determine when enrollment management structures began and whether expected benefits were achieved. Analysis of the data collected in this study indicated the following five major findings. First, enrollment management concepts and practices have been implemented at some level within the 23 Florida community colleges surveyed. This was evident by the use of the word "enrollment" in the organizational titles as well as in the titles of the individuals who were responsible for the models. Second, enrollment management models reported were determined to be relatively new in comparison to four-year institutions. The literature on enrollment management demonstrated that four-year colleges began enrollment management practices in the early-to-mid 1970s. Much of the existing literature on enrollment management has been based on the experiences at four-year institutions. Third, some enrollment management divisions appeared to have key enrollment offices displaced. The key enrollment offices selected in this study were supported throughout the literature. Those offices represented were as follows: Admissions, Records and Registration, Financial aid, Orientation, and Advising. Fourth, increasing enrollment was the strongest reason for implementing the enrollment structure and subsequently was the strongest benefit realized. The anticipated decline in high school graduates, and the expectation of subsequent declining college enrollments during the 1970s, provided the impetus for the adoption of models of enrollment management. The fifth finding was that moving key enrollment offices such as financial aid into the enrollment management organizations would be an improvement to existing models. As enrollment management concepts are implemented into practice, the realignment of related offices may be necessary to effectively accomplish goals.
Show less - Date Issued
- 2005
- Identifier
- CFE0000371, ucf:46330
- Format
- Document (PDF)
- PURL
- http://purl.flvc.org/ucf/fd/CFE0000371
- Title
- RECESSION TO DEPRESSION: A CRITICAL DISAMBIGUATION OF THE 2007/2008 FINANCIAL CRISIS AND A MODEL FOR NEW AGE SECURITIES REGULATION.
- Creator
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Walters, Christian, Milon, Abby, University of Central Florida
- Abstract / Description
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During the late 2000s the United States economy was faced with the most traumatic event in United States financial history since the Great Depression. Large multibillion dollar corporations collapsed, families lost their life savings, and the United States economy stood on a precipice for total destruction. In the wake of the Financial Crisis, investment firms such as Merrill Lynch collapsed and their portfolios were sold to competitors for far lower than their estimated value (Sorkin). In...
Show moreDuring the late 2000s the United States economy was faced with the most traumatic event in United States financial history since the Great Depression. Large multibillion dollar corporations collapsed, families lost their life savings, and the United States economy stood on a precipice for total destruction. In the wake of the Financial Crisis, investment firms such as Merrill Lynch collapsed and their portfolios were sold to competitors for far lower than their estimated value (Sorkin). In 2008, the Financial Crisis impacted the working man the most. With foreclosures on the rise, an estimated 81.2% increase from the year before, average citizens lost their homes, savings and certainty in the United States Government to protect their best interests (Armour). One of the hardest hit states, Nevada, saw a total foreclosure rate of about 7.3% which was an increase from the previous year of a staggering 125.7% (Armour). All these foreclosures rippled throughout the U.S housing market and made it nigh impossible for the banks securing the loans to collect upon the principle amount loaned, yet alone the interest. The shock from the United States financial sector echoed throughout the world. Correlating with the Financial Crisis, United States and global suicide rates were on the rise. According to a 2009 Article published by the British Medical Journal, United States suicide rates in men age 45-64 increased by over 6.4% of the expected trend ("Male Suicide Rate Rose during 2008 Global Economic Crisis, Says Time-Trend Study"). The Financial Crisis made it so that average individuals felt increased economic strain and an ever looming sense of disparagement. This is an examination and evaluation of the perhaps one of the greatest schemes in the history of global financial markets; this is a critical analysis of how greed, power and a lack of moral decency reshaped the world. This is an examination of how, in an age of deregulation, the powerful seemingly take precedence over the masses. This is the Story of the 2007/2008 Recession, of what has been done, of what we need to do, and of moving forward to assign blame and punishment to those responsible for the pain and suffering incurred by so many.
Show less - Date Issued
- 2015
- Identifier
- CFH0004817, ucf:45474
- Format
- Document (PDF)
- PURL
- http://purl.flvc.org/ucf/fd/CFH0004817
- Title
- GDP GROWTH DIFFERENCES AND FINANCIAL CONTAGION: EVIDENCE FROM THE 2008-2009 SUBPRIME CRISIS.
- Creator
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Marquez, Jose, Aysun, Uluc, University of Central Florida
- Abstract / Description
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Trend and panel data analyses are used to determine the role of financial variables in GDP growth differences during the last global recession. Real variables are implemented in order to absorb real shocks and give a better (less biased) estimation of the effects of those nominal (financial) shocks. Results indicate an important role of Stock Market correlations.
- Date Issued
- 2013
- Identifier
- CFH0004462, ucf:45084
- Format
- Document (PDF)
- PURL
- http://purl.flvc.org/ucf/fd/CFH0004462
