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Academic Journal
Business Law

“Teaching an Old Dog New Tricks: Adapting Public Utility Commissions to Meet Twenty-First Century Climate Challenges”

Climate change and efforts to address it have put the electric utility system under increasing pressure to adapt and evolve. Key to the success of these efforts will be the support of public utility commissions, the state agencies that oversee retail electric utilities. In an effort to determine how these commissions will make decisions, this article explores the history, enabling legislation, and jurisdiction of commissions. It concludes that the authority and purpose of commissions has been narrowly defined to focus almost exclusively on short-term rate impacts to current utility customers, and as a result, efforts to reduce greenhouse gas emissions, modernize or transform the electric grid, or expand the path for new technologies such as electric vehicles, will not come from commissions, and in fact may be blocked by the same. Accordingly, the article offers options for modernization, ultimately recommending a melding of economic and environmental goals through a long-term planning process that balances cost and risk, yet remains squarely within the jurisdiction and historical purpose of the regulatory commission.
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Academic Journal
Finance

“Teaching an Old Dog New Tricks: Using the Dividend Growth Model in Financial Planning”

The Dividend Growth Model is a standard pedagogical tool in pricing stocks where the dividend grows at a constant rate. However, few dividend policies conform to this restrictive pattern and therefore the model is often quickly discarded in finance classes. The constant growth assumption of a cash flow stream fits well with other financial problems such as saving for a college education or contributions to a pension plan. This paper presents a couple of applications for the Dividend Growth Model plus an extension to the model and belies the adage: you can’t teach an old dog new tricks.
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Conference
DSGN - Merchandising Management

“Ten of Your Friends Like This: Brand Related Word-of-Mouth on Facebook”

Social networking websites such as Facebook offer interesting opportunities for brand communications and brand related word-of-mouth, as well as the emulation of word-of-mouth by the brand. Surveys of 91 undergraduate students and 177 individuals recruited through Facebook were asked about their attitudes and behaviors with regards to their Facebook use. Facebook recruits are on average heavier users of Facebook than students, and are more likely to use various communication functions and assign higher importance to them. Word-of-mouth emulation by the brand fills a niche between traditional brand communication and word-of-mouth.
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Academic Journal
Accounting

“Tenure Consequences of Submit-to-Accept Delays in Accounting”

We use hand-collected data to examine the impact of lengthening submission-to-acceptance (STA) times in accounting journals on tenure outcomes for accounting faculty in their first post-doctoral academic appointment. We find that longer STA times for articles published in the latter portion of the probationary period are associated with a significant decrease in the likelihood of the academic being tenured at their first institution. In supplemental analysis, we find that the negative association between STA times and tenure outcomes is only descriptive of candidates not working at higher-ranked schools. There is no association between longer STA times and tenure outcomes for faculty working at institutions ranked in the top 15 of the Glover et al (2012) ranking. Finally, we find that female tenure candidates with longer STA times are less likely to be tenured than male candidates with longer STA times. Our results should be of interest to journal editors, reviewers, provosts, deans, tenure and promotion committees, and tenure-track academics.
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