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Recent Journal Publications by COB Faculty

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Academic Journal
Finance

“Reconsidering Price Limit Effectiveness”

Most stock exchanges around the world impose daily price limits on stock prices. However, China is the only market that has experienced trading with and without price limits. We study China’s experience with price limits by comparing a subperiod with price limits to a subperiod without price limits. We provide three major sets of findings. First, we find price limits moderate transitory volatility and mitigates abnormal trading activity. Second, for poor performing stocks, a tighter price limit also appears helpful in moderating volatility and not hurtful. Finally, we find some evidence that price limits can facilitate market recovery following crashes. Many prior studies criticize price limits. Our study shows benefits of price limits.
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Academic Journal
Business Law

“Redefining and Regulating the New Sharing Economy”

While proponents of regulating the sharing economy suggest a need to protect public health, workers, and incumbent businesses, to ensure localities are made whole for the use of public services, opponents of regulation argue that government intervention will stifle innovation and undermine economic and community benefits. The problem with both sides of this argument is that advocates and detractors alike often fail to address the wide differences among the practices and business entities that currently fall under the same umbrella. To address this inappropriate conflation and the resulting confusion among consumers and regulators alike, the goal of this article is to define the sharing economy as it now stands and to create a taxonomy that distinguishes and differentiates the various types of business entities that have been lumped into it. This article then proposes regulatory responses to the differing categories in the taxonomy based on the risks they present.
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Academic Journal
Business Law

“Redefining Corporate Social Responsibility in an Era of Globalization and Regulatory Hardening”

Through our analysis of corporate trends, regulations, and case law from the United States, European Union, China, and India, we argue that the process of legalization and redefinition of CSR through a shareholder primacy lens may, troublingly, undermine the very notion of corporate social responsibility. In the face of these trends, this article redefines CSR with a reference to a fresh commitment to corporations’ social and ethical responsibility to society.
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Other
DSGN - DIM

“Relational design for democracy and governance”

Design is increasingly recognized as a key agent in government innovation in the United States. Designers, as problem framers and catalysts for change, play a crucial role in transforming the functionality and accessibility of government systems and processes. However, this role is often narrowly defined, typically focusing on the improvement of digital services, especially through User Experience/User Interface (UX/UI) approaches within digital government spaces.While these contributions are valuable, they represent only a fraction of the potential for design methodologies to foster more participatory, accessible, and effective governance structures. As design becomes more embedded as a strategy for innovation at the national, state, and local levels, the broader contributions of designers, beyond digital services, require deeper articulation and categorization. This paper explores how design is reshaping governance systems in the U.S. at local, state, and national levels, with a focus on non-digital applications that leverage design strategies and methods to address systemic challenges within government structures.
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Conference
DSGN - DIM

“Relational Design for Sustainability in US Suburbs”

United States suburbs are often stereotyped for their ecologically invasive and socially inequitable design due to many factors, including redlining, urban renewal, auto-oriented development, and exclusionary single-family zoning (Hayden, 2003; Jackson, 1985; Rothstein, 2017). Entire suburban neighborhoods and strip malls are built on greenfield sites that were once thriving indigenous ecosystems (Nassaur, 1997). Sprawling neighborhoods can be built and decline within a single generation. This pattern of disposable suburban design has proliferated the landscape where, today, the majority of people in the U.S. reside (U.S. Census, 2020). Policymakers and urban planners are advancing ‘new urbanist’ interventions to combat the impacts of sprawl (Duany et al., 2000). Suburbia is being retrofitted through densification efforts, multi-modal transit options, and mixed-use developments (Williamson & Dunham-Jones, 2009). But the speed of traditional sprawl is outpacing sustainability agendas, and the question of sustainability in suburbia lacks an acknowledgment of the many systemic inequities beyond the built environment that also impact suburbia's sustainability. At the same time, suburban population growth continues to significantly outpace urban growth in the U.S. Not only are suburbs where most U.S. residents live, but they are also increasingly the most socioeconomically, culturally, ethnically, and racially diverse places in the U.S. (Frey, 2018; Lacy, 2016). Suburbs are emerging as complex middle grounds and misunderstood places where the debate on sustainability may be won or lost (Bosch & Polzin, 2022; Lung-Amam, 2017). As people flock to suburban areas for more affordable housing options, designing sustainable suburbs becomes imperative. In this article we explore the national conversation around suburban sustainability concerns, illuminating specific local actions in U.S. suburbs that leverage their decentralized design and increase sustainability. We believe that designers from diverse areas of the field can play a significant role in stewarding sustainability agendas in suburbs. We offer ideas for how designers can better facilitate relational, community-led change, while bringing their essential skills to bear on these often forgotten and misunderstood places.
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DSGN - DIM

“Relational Design for Transitions Within US Suburbs”

Suburbs in the United States are seedbeds for systemic change. But entrenched stigmas often obscure the rapid social and environmental changes within suburbs and their untapped potential to catalyze transitions toward more equitable and sustainable futures.
In the U.S.,more people live and work in suburbs than in urban and rural areas combined. Suburbs are also becoming some of the most demographically diverse places in the country, where most immigrants to the U.S. arrive and establish their lives. These in-between places grapple with numerous complex challenges related to uneven mobilities, including institutional racism, lack of affordable multi-family housing, inadequate public transportation, and insufficient civic infrastructure. If national and international agendas for systemic change seek to progress toward more just and sustainable futures, acknowledging U.S. suburbs as crucial sites for catalyzing transitions is imperative.
This dissertation, a culmination of 13 practice-oriented research projects, including the formation of a non-profit organization, Suburb Futures, operationalizes theories related to place, mobility, and relationality through the framework of Transition Design. The dissertation contends that designing for transitions requires transdisciplinary, community-led approaches that honor the primacy of motion and distributed and polycentric relationships to place. It concludes with a proposal for an “ecology of systems interventions” to design for transitions through relational practices that leverage the trajectory of the suburbanization of place toward more equitable and sustainable futures
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