Economy – Page 44 – Shamskm: A site to exchange knowledge and solutions

Better Ways to Hire, Announce a New CEO

By Guest PostSeptember 21, 2011Economybetter decisions, business professor, corporate jet, firm, information, management, new ceos, self image, steven boivie, strategic noise, university of arizona

*Two studies by a UA business professor examine the hiring of CEOs, finding that new CEOs make better decisions when their self image is tied to the firm and that “strategic noise” can soften market response to a new hire.*

Two new papers co-authored by assistant professor of management Steven Boivie at the University of Arizona uncover novel facets of CEO and firm performance.

The first of the papers, out now in the Academy of Management Journal, finds a new remedy to the CEO agency problem. Instead of trying to design incentives and controls to keep corporate leaders acting in the best interest of the company, Boivie and his co-authors demonstrate that boards should try to hire leaders who strongly identify with the company itself. (more…)

Bailed-out Banks Issued Riskier Loans

By Guest PostSeptember 18, 2011Economybailed-out, banks issued riskier loans, capital purchase program, denis sosyura, federal bailout money, federal program, loan-to-income ratio, ran duchin, risky investments, tarp banks increased 10 percent, troubled asset relief program

ANN ARBOR, Mich.—Banks that received federal bailout money ended up approving riskier loans and shifting capital toward risky investments after getting government help, say University of Michigan researchers.

In a new study on risk-taking by banks that received funds from the Troubled Asset Relief Program, finance professors Ran Duchin and Denis Sosyura of Michigan’s Ross School of Business found that the overall risk level of TARP banks increased 10 percent. Further, these banks were no more likely to issue loans, overall, than non-TARP banks, in contrast to the declared objective of the federal program to increase lending. (more…)

USGS Releases Resource Estimate for Afghanistan Rare Earth Prospect

By Guest PostSeptember 15, 2011Economyafghanistan, geologic assessment techniques, khanneshin carbonatite, mineral resource assessment, rare earth element, resource estimate

The U.S. Geological Survey (USGS) estimates at least 1 million metric tonnes of rare earth element resources within the Khanneshin carbonatite in Helmand Province, Afghanistan. This estimate comes from a 2009-2011 USGS study funded by the Department of Defense’s Task Force for Business and Stability Operations (TFBSO). (more…)

Two CEOs Can Be Better Than One

By Guest PostSeptember 3, 2011Economyceo, corporate cultures, corporate leaders, leadership structure, solitary ceo

MU study finds executives with shared responsibilities succeed and provide value to shareholders

COLUMBIA, Mo. – Many believe that two corporate heads are not better than one. However, a University of Missouri researcher has found that more companies have co-CEOs than previously though and that having two people in the senior leadership position is actually very successful for businesses. (more…)

USGS Releases New Assessment of Gas Resources in the Marcellus Shale, Appalachian Basin

By Guest PostAugust 24, 2011Economy, Environmentappalachian basin, geologic information, kentucky, lake erie, marcellus shale, maryland, middle devonian marcellus shale, natural gas, natural gas liquids, new york, ohio, ohio geological survey, oil and gas, onshore and offshore areas, Pennsylvania, pennsylvania geological survey, tennessee, united states, usgs, virginia, west virginia, west virginia geological and economic survey

The Marcellus Shale contains about 84 trillion cubic feet of undiscovered, technically recoverable natural gas and 3.4 billion barrels of undiscovered, technically recoverable natural gas liquids according to a new assessment by the U. S. Geological Survey (USGS).

These gas estimates are significantly more than the last USGS assessment of the Marcellus Shale in the Appalachian Basin in 2002, which estimated a mean of about 2 trillion cubic feet of gas (TCF) and 0.01 billion barrels of natural gas liquids. (more…)

‘Chinese Households Save More than American Households’

By Guest PostAugust 12, 2011Economy2008 survey of chinese consumer finance and investor education, american 2007 survey of consumer finances, american households, China, chinese and american households, chinese culture, chinese households, global economy, global households, households, recent chinese economic reforms, rui yao, saving money, savings habits of households, two countries, united states, university of missouri, world most powerful economies

*Saving motives a major factor in increased household savings*

COLUMBIA, Mo. – With the global economy in a state of unrest, saving money seems to be an obvious strategy for households to protect themselves. But are global households saving enough? Researchers at the University of Missouri have compared savings habits of households from two of the world’s most powerful economies: China and the United States. Rui Yao, an assistant professor in the personal financial planning department in the College of Human Environmental Sciences at the University of Missouri, found that urban Chinese households, on average, save much more than American households. She says the difference stems from saving motives.

“Saving is one of the critical tools that households utilize to achieve financial goals and to improve financial well-being,” Yao said. “By looking at saving motives for households in each country, we hope to explain the difference in saving rates across these two countries.” (more…)

Money isn’t Everything for Well-Being, Study Finds

By Guest PostAugust 6, 2011Economymeasures of prosperity, prosperity gap, wealth gap, well being gap

The Pew Research Center recently reported that the wealth gap between American whites and blacks is the widest since the United States began tracking the statistic in 1984 — with whites, on average, having 20 times the net worth of blacks. However, another recent study contends traditional measures of prosperity that only look at economic factors, while important, are not the best gauges of overall well-being. (more…)

Significant Natural Gas Resources Remain to Be Discovered in Cook Inlet, Alaska

By Guest PostJuly 1, 2011Economy, Environmentalaska, alaska division of oil and gas, brenda pierce, coalbed gas, cook inlet, cook inlet region, natural gas, oil and gas resources, petroleum potential, U.S. Geological Survey, usgs, usgs assessment

The Cook Inlet Region of Alaska contains an estimated mean of 19 trillion cubic feet of natural gas, about 600 million barrels of oil, and 46 million barrels of natural gas liquids, according to a new assessment by the U.S. Geological Survey (USGS). This estimate is of undiscovered, technically recoverable oil and gas resources, and includes both unconventional and conventional resources.

These gas estimates are significantly more than the last USGS assessment of southern Alaska in 1995, in which a mean of 2.14 trillion cubic feet of gas was estimated. This increase in the undiscovered resource is attributed to new geologic information and data. (more…)

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