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Academic Journal
Management

“Family socioeconomic status and job search: Pathways to job quality improvement for young adults without college degrees”

Improving job quality through job transitions is crucial in early adulthood. However, young adults without college degrees, particularly those from lower socioeconomic status (SES) families, can struggle to break out of lower quality jobs. Integrating socioeconomic and psychological perspectives, this research examines how family SES impacts job quality improvement through job search among young adults without college degrees when they transition from one job to another. We develop and test a model that explicates how family SES influences job quality improvement through constraints and resources for job search and self-regulated job search processes. Partnering with a Midwest state government agency, we collected data from young job seekers without college degrees through four longitudinal surveys over 6 months. Our findings revealed that job seekers from lower (vs. higher) SES families faced more basic needs constraints and had fewer college degree holders in their job search networks. These factors, in turn, influenced job seekers’ wage increase goals and their job search metacognition. We also found that job seekers with higher wage increase goals achieved larger wage improvement between their previous and new jobs, and those who engaged in more job search metacognition were more likely to secure improvements in benefits, find new jobs with promotion opportunities, and perceive improvements in working conditions. These findings extend the literature on job quality, job search, socioeconomic mobility, and inequality and provide practical implications for multiple stakeholder groups.
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Conference
BIS

“Fear Appeals Versus Priming in Ransomware Training”

Employee non-compliance is at the heart of many of today’s security incidents. Training programs often employ fear appeals to motivate individuals to follow policy and take action to reduce security risks. While the literature shows that fear appeals drive intent to comply, there is much less evidence of their impact after intention is formed. Building on IPAM – a process nuanced model for compliance training and assessment – this study contrasts the impact of fear appeals vs. self-efficacy priming on ransomware training. In our proposed study, a pool of students will participate in a three-step series of training events. Some participants will encounter enhanced fear appeals at each step while others will be presented with materials that include
priming signals intended to foster development of increased self-efficacy. Previously identified
drivers of behavior (intent, processed-nuanced forms of self-efficacy, and outcome expectations)
are measured so that the effect of the treatments can be contrasted. A scenario agreement
methodology is used to indicate behavior as a dependent variable. We expect to show that while
fear appeals are useful and help build intent to comply at the motivational stage, process-nuanced
self-efficacy treatments are expected have a stronger effect on behavior post-intentional.
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Academic Journal
Finance

“Finance, Control and Profitability: An Evaluation of German Bank Influence”

Bank intermediated finance has been cited frequently as the preferred means for channeling funds from savers to firms. Germany is the prototypical economy where powerful universal banks allegedly exert substantial influence over firms. Despite frequent assertions about the advantages of a bank relation, empirical support is mixed. With a unique dataset and a focus on the fragility/sturdiness of inferences, this paper evaluates German bank influence in terms of three hypotheses: (1) do bank influenced firms enjoy lower finance costs? (No); (2) is bank influence a solution to control problems? (Yes); (3) do bank influenced firms have higher profitability? (No).
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Academic Journal
Finance

“Financial Factors and Investment in Belgium, France, Germany, and the United Kingdom: A Comparison Using Company Panel Data”

We construct company panel data sets for manufacturing firms in Belgium, France, Germany, and the United Kingdom, covering the period 1978-1989. These data sets are used to estimate empirical investment equations, and to investigate the role played by financial factors in each country. A robust finding is that cash flow and profits terms appear to be both statistically and quantitatively more significant in the United Kingdom than in the three continental European countries. This is consistent with the suggestion that financial constraints on investment may be relatively severe in the more market-oriented U.K. financial system.
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Academic Journal
Finance

“Financial turbulence and Beta estimation”

I use Mahalanobis distance based on investment opportunity variables to define turbulent periods within financial markets. The distance measure identifies periods of event-driven stress, and not necessarily low returns. CAPM betas estimated from normal sample periods explain vary little variation in cross-sectional returns. However, betas estimated from turbulent subperiods explain a large proportion of full-sample returns. Market betas for small and value portfolios increase during turbulent periods, indicating that the risk of these portfolios is greater than indicated by standard betas, and suggesting an explanation for these anomalies.
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