Kurt Frank
Professor Robert M. Kiss
Company and Stock Analysis: Efficient Market Theory and Anomalies
The researcher did a regression analysis on a series 25 random stocks based on a fundamental analysis and price/book ratio divided by the industrial average. Other goals and areas of concentration for selecting the stocks in the selected companies are the following: finding anomalies, judging the management, evaluating the price, industry potentials (R&D, expanding market segments, under-served markets), trends in stock price and net contribution, quality of stock, capitalization, and finance. The procedures and methodology are to focus on an economic analysis, industrial analysis, and a company analysis. The researcher has calculated the intrinsic values in combination with the ratio rankings to test the efficient market theory and to find anomalies. Based on this information, the researcher will make a recommendation to Buy, Sell, or Hold the stock from the selected companies.
Room 350, 3:55 p.m.
Ruth Naebeck
Professor Zafar Khan Mortgage Foreclosure and Renegotiation: Tax Implications
Under section 108 of the internal revenue code, a person who is forgiven for all or a portion of their mortgage debt must pay federal income taxes on the forgiven debt unless they are filing for bankruptcy. This forgiven debt is known as discharge of indebtedness (DOI) income. Due to the current condition of the real estate market, foreclosures and renegotiations without bankruptcy are increasingly common with high interest adjustable rate mortgages. Congress sought to change section 108 to exclude mortgage indebtedness on a taxpayer's principal residence for up to $2,000,000. On December 20, 2007, President Bush signed HR 3648 (Mortgage Forgiveness Debt Relief Bill of 2007) into law. This bill will remain in effect until January 1, 2010. The focus of this paper is the impact under the old and new legislation on different classes of taxpayers in different income brackets.
Room 304, 10:00 a.m.
Jingjing Zhou
Professor D. Robert Okopny
Identification of Perceived Common Success Attributes in the Internal Audit and Music Professions: A Survey of Professionals
The researcher developed a survey instrument based on the literature regarding the disciplines of internal audit and music concerning attributes identified for successful careers. This survey will be administered to professionals in southeast Michigan in both disciplines. Additionally, the surveys will be administered to two upper level EMU classes, one in internal auditing and one in music. The results of these four surveys will be analyzed using nonparametric statistics. The primary question is whether success attributes in music mirror those in internal auditing. In answering that question, the survey results from internal audit and music will be compared. Also, the students' results will be compared to their respective professionals to examine whether there is a common understanding of these success attributes.
Room 330, 3:15 p.m.
DEPARTMENT OF MANAGEMENT
Kasia Czajka
Carrie Fontana
Emily Sutherland
Kim Thomas
Professor Sanjib Chowdhury Job Satisfaction, Organizational Commitment, and Intention to Quit in a Contemporary Organization
For several decades, the research on job satisfaction, organizational commitment and intention to quit has resulted in a variety of results. This report provides a theoretical model based on research conducted in previous studies and additional hypotheses formed by the research group, which in turn provides a theoretical model. The implications of the study for today's workforce managers suggests that an employee's level of commitment to the organization and job satisfaction can be positively impacted by the employee's perception of the fairness of rewards distributed within the organization (i.e., bonuses, compensation, etc.). Improving this perception can have a significant impact on organizational success. The results of the study also indicate that enhancing certain job characteristics such a friendship and the level of feedback received by employees can also positively impact job satisfaction and commitment to the organization.
Room 320, 9:20 a.m.
Rebecca Clark de Castillo
Professors Eric Schulz and Megan Endres Averting the Retirement Savings Crisis in the U.S.: Determinants of Pension Allocation and Investment Strategies
It is estimated that only 36 percent of those eligible to participate in an employer's pension and savings plan actually participate in these plans. It is virtually certain that today's young workers will face tough retirements without substantial savings in private retirement plans. Understanding employee characteristics that may impede organizational efforts to encourage participation in private pension plans takes on greater poignancy with the impending retirement of the baby boomer generation. This study presents the results of an examination of the determinants of pension allocation and investment choices. A laboratory study of undergraduate and graduate business students was utilized to collect data for this investigation. Demographic information, financial experience, and attitudinal/dispositional characteristics of subjects were examined to assess their independent and interactive effect on investment strategies and deferred income allocation decisions. The implications for organizations assisting in the financial planning of their employees are discussed.
Room 300, 2:45 p.m.
Nicole Johnson
Amber Gwynn-Powell
Professor Sanjib Chowdhury Individuals' Positive Perception of Diversity, Task Interdependence, and Goal Interdependence and its Effect on Developing and Implementing Innovative Behavior
This study was designed to test whether individual positive perception of diversity has a positive effect on developing and implementing innovative behavior. The study also tests the relationship between perceived goal interdependence and developing and implementing innovative behavior and the relationship between perceived task interdependence and developing and implementing innovative behavior. The focus of this research was on ABC International, Inc.*, one of the world's largest U.S.-based Japanese-owned automotive suppliers of advanced technology, systems, and components. Their goal is to gain market share and exceed customer expectations. To that end, they have defined principles that guide their corporate actions, one of which is supporting individual spirit and innovation.
Room 320, 9:00 a.m.
