Craig Santicola - Academia.edu (original) (raw)
Uploads
Papers by Craig Santicola
Journal of Business & Economics Research (JBER), 2011
There has been a shift in payout policy over the last 15 years with firms opting to conduct stock... more There has been a shift in payout policy over the last 15 years with firms opting to conduct stock repurchases over paying dividends. As repurchases have grown so has the corresponding research. Of particular note are findings that identify factors contributing to a firms buyback decision and as well as those that support the existence of long-run return anomalies. While several notable researchers have reported the prevalence and persistence of stock repurchase anomalies, this paper examines the history of repurchase theory and presents a theoretical repurchase prediction model. Using variables shown in the literature to have influence on the decision to repurchase stock, a probit estimation model is developed as a means to identify firms likely to conduct repurchase programs.
American Journal of Business Education (AJBE), 2011
American Journal of Business Education (AJBE), 2015
The literature indicates that there is a lack of learning outcomes in economics that can be attri... more The literature indicates that there is a lack of learning outcomes in economics that can be attributed to the reliance on traditional lecture and the failure to adopt innovative instructional techniques. This study sought to investigate the student learning effects of academic controversy, a cooperative learning technique that shows promise in the area of economics instruction. A quasi-experimental pre-test, posttest design was used to compare a control group which received traditional lecture to a treatment group which received academic controversy lessons. Analysis of the data from the Test of Understanding in College Economics post-test suggests that the use of academic controversy had a positive impact on student learning. Implications of the study include providing a framework for academic controversy which shows promise for improving student learning in post-secondary macroeconomics.
Journal of Business & Economics Research (JBER), 2011
There has been a shift in payout policy over the last 15 years with firms opting to conduct stock... more There has been a shift in payout policy over the last 15 years with firms opting to conduct stock repurchases over paying dividends. As repurchases have grown so has the corresponding research. Of particular note are findings that identify factors contributing to a firms buyback decision and as well as those that support the existence of long-run return anomalies. While several notable researchers have reported the prevalence and persistence of stock repurchase anomalies, this paper examines the history of repurchase theory and presents a theoretical repurchase prediction model. Using variables shown in the literature to have influence on the decision to repurchase stock, a probit estimation model is developed as a means to identify firms likely to conduct repurchase programs.
American Journal of Business Education (AJBE), 2011
American Journal of Business Education (AJBE), 2015
The literature indicates that there is a lack of learning outcomes in economics that can be attri... more The literature indicates that there is a lack of learning outcomes in economics that can be attributed to the reliance on traditional lecture and the failure to adopt innovative instructional techniques. This study sought to investigate the student learning effects of academic controversy, a cooperative learning technique that shows promise in the area of economics instruction. A quasi-experimental pre-test, posttest design was used to compare a control group which received traditional lecture to a treatment group which received academic controversy lessons. Analysis of the data from the Test of Understanding in College Economics post-test suggests that the use of academic controversy had a positive impact on student learning. Implications of the study include providing a framework for academic controversy which shows promise for improving student learning in post-secondary macroeconomics.