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Papers by Jennifer Brodmann

Research paper thumbnail of Asset versus equity acquisitions by financial institutions

˜The œJournal of financial research/Journal of financial research, Jun 16, 2024

Research paper thumbnail of The Value of Shareholder Environmental Activism: Case Engine No. 1

Research paper thumbnail of Regulatory Repercussions in Finance

This Dissertation-Restricted is protected by copyright and/or related rights. It has been brought... more This Dissertation-Restricted is protected by copyright and/or related rights. It has been brought to you by ScholarWorks@UNO with permission from the rights-holder(s). You are free to use this Dissertation-Restricted in any way that is permitted by the copyright and related rights legislation that applies to your use. For other uses you need to obtain permission from the rights-holder(s) directly, unless additional rights are indicated by a Creative Commons license in the record and/or on the work itself.

Research paper thumbnail of Employee treatment and Securities Exchange Commission investigations

Managerial Finance, Jan 5, 2023

PurposeThe authors examine the impact of employee litigation on Securities Action Lawsuits. The a... more PurposeThe authors examine the impact of employee litigation on Securities Action Lawsuits. The authors study whether frequently sued firms are more likely to be investigated by Securities Exchange Commission (SEC). The authors study how labor relations are crucial to corporate governance.Design/methodology/approachThe authors use hand-collected datasets of employee violations, misconducts and lawsuits and test whether bad employee treatment increases the likelihood of SEC probe. The authors' methodology includes panel fixed effects, as well as alternative measures of employee mistreatment and SEC case.FindingsThe authors find that with each increase in employee dispute increases the likelihood of the firm being investigated by the SEC. The authors find that geographically dispersed firms are more likely to be investigated by the SEC when facing employee disputes and that more labor union coverage and a higher unemployment rate triggers more employee allegations and labor-related lawsuits.Originality/valueThe authors' study is the first to investigate how employee relations affect firms involving federal investigation. The authors aim to contribute to the literature by studying (i) the relation between employee mistreatment and legal challenges, (ii) how firm characteristics affect the path from employee disputes to securities class actions and (iii) the impact of employee mistreatment on the corporate governance.

Research paper thumbnail of Environmental performance and financial constraints in emerging markets

Research paper thumbnail of Bibliometric and Scientometric analysis on CSR practices in the banking sector

Review of Financial Economics

Research paper thumbnail of Foreign Ownership and Labor Investment Efficiency*

Research paper thumbnail of Banking with Millennials

SSRN Electronic Journal, 2015

Millennials are the ascendant generation that will soon be the controlling majority of businesses... more Millennials are the ascendant generation that will soon be the controlling majority of businesses, governments, and organizations, as well as the main contributors to new household creation. This paper looks at the characteristics of the Millennial generation and explores how these characteristics impact a Millennial’s choice to become a bank client. The findings reveal differences in the demographic characteristics of this generation, including income, number of dependents, and level of financial knowledge. Results from the probit model indicate a negative significant relationship between the number of dependents and the probability of a potential bank client to become a bank client.

Research paper thumbnail of Geographic strategies in mergers and acquisitions by financial institutions

Accounting & Finance, 2021

Research paper thumbnail of Political lobbying, insider trading, and CEO compensation

International Review of Economics & Finance, 2018

Research paper thumbnail of Dynamic Volatility and Shock Interactions between Oil and the U.S. Economic Sectors

Journal of Business Accounting and Finance Perspectives, 2018

his study examines (i) the dynamic shocks and volatility interactions between each of the eleven ... more his study examines (i) the dynamic shocks and volatility interactions between each of the eleven U.S. economic sectors and the oil market; (ii) riskminimizing optimal capital allocations between each sector and oil; and (iii) the hedging effectiveness resulting from the inclusion of oil in each sector portfolio. Using weekly data spanning the period June 1994 through February 2016, we document the following regularities: (i) the conditional correlation between each sector and the oil market is time-varying and slowly decaying; (ii) there is either volatility or shock transmission from oil to each sector but not the reverse; and (iii) investors can minimize and hedge risk by allocating a portion of their wealth to oil commodities and forming a portfolio consisting of sector stocks and oil commodities. however, they will need to overweight their investment in sector stocks. Our findings indicate that oil commodities offer diversification potential to U.S. investors holding sector port...

Research paper thumbnail of The liquidity, performance and investor preference of socially responsible investments

Review of Behavioral Finance

PurposeThe purpose of the paper is to analyze socially responsible investment (SRI) asset perform... more PurposeThe purpose of the paper is to analyze socially responsible investment (SRI) asset performance compared to traditional assets using the MSCI KLD 400 Index. The authors examine the required return that investors expect to maintain their holdings in SRI stock and whether SRI stocks can be used for diversification during financial crises.Design/methodology/approachThe authors examine SRI stocks' liquidity from the MSCI KLD 400 index, encompassing all environmental, social and governance (ESG) factor investments over 25 years, from 1990 until 2019. The authors test whether sorting portfolios based on their excess return, liquidity and volatility can explain the difference in SRI and non-SRI stocks' returns and then examine the global financial crisis' (GFC) impact on excess returns for SRI and non-SRI assets.FindingsThe authors find a significant difference in liquidity and volatility between SRI and non-SRI stocks and that SRI stocks perform better during financial c...

Research paper thumbnail of Financial analysis for mobile and cloud applications

Expert Systems in Finance, 2019

Research paper thumbnail of Intelligent distributed applications in e-commerce and e-banking

Expert Systems in Finance, 2019

Research paper thumbnail of Customer Satisfaction in Microfinance Institutions: Insights from Ghana

Enterprise Development and Microfinance, 2020

With increased competition in the microfinance industry in most African markets, customer satisfa... more With increased competition in the microfinance industry in most African markets, customer satisfaction and retention are important issues for most microfinance institutions (MFIs) in the region. We rely on survey data from customers of MFIs in Ghana to examine the potential determinants of customer satisfaction in the microfinance sector. We find customer satisfaction to be significantly related to customers’ experiences and motivations such as the primary reason for associating with MFIs, and the size of credit they seek. We further find customers’ demographic factors such as educational attainment and household income levels to be related to customer satisfaction in the microfinance sector. Our results are largely consistent with the view that MFIs offer a valuable service by expanding access to small credits to poor households and microenterprises who are either denied credit by the formal banking sector or who are exploited by informal moneylenders. Further, our interviews with ...

Research paper thumbnail of Chief executive officer power and board gender diversity

Finance Research Letters, 2021

Research paper thumbnail of The value added by private equity in mergers and acquisitions by financial institutions

Research paper thumbnail of Corporate reputation and market reaction: evidence from FinTech industry

Applied Economics Letters

Research paper thumbnail of Chief Executive Officer power and Corporate Sexual Orientation Equality

Journal of Behavioral and Experimental Finance

Research paper thumbnail of Music Entrepreneurship and Access to Social and Cultural Capital: Your Network is Your Net Worth

Proceedings of the 2020 International Summit of the Music & Entertainment Industry Educators Association

Research paper thumbnail of Asset versus equity acquisitions by financial institutions

˜The œJournal of financial research/Journal of financial research, Jun 16, 2024

Research paper thumbnail of The Value of Shareholder Environmental Activism: Case Engine No. 1

Research paper thumbnail of Regulatory Repercussions in Finance

This Dissertation-Restricted is protected by copyright and/or related rights. It has been brought... more This Dissertation-Restricted is protected by copyright and/or related rights. It has been brought to you by ScholarWorks@UNO with permission from the rights-holder(s). You are free to use this Dissertation-Restricted in any way that is permitted by the copyright and related rights legislation that applies to your use. For other uses you need to obtain permission from the rights-holder(s) directly, unless additional rights are indicated by a Creative Commons license in the record and/or on the work itself.

Research paper thumbnail of Employee treatment and Securities Exchange Commission investigations

Managerial Finance, Jan 5, 2023

PurposeThe authors examine the impact of employee litigation on Securities Action Lawsuits. The a... more PurposeThe authors examine the impact of employee litigation on Securities Action Lawsuits. The authors study whether frequently sued firms are more likely to be investigated by Securities Exchange Commission (SEC). The authors study how labor relations are crucial to corporate governance.Design/methodology/approachThe authors use hand-collected datasets of employee violations, misconducts and lawsuits and test whether bad employee treatment increases the likelihood of SEC probe. The authors' methodology includes panel fixed effects, as well as alternative measures of employee mistreatment and SEC case.FindingsThe authors find that with each increase in employee dispute increases the likelihood of the firm being investigated by the SEC. The authors find that geographically dispersed firms are more likely to be investigated by the SEC when facing employee disputes and that more labor union coverage and a higher unemployment rate triggers more employee allegations and labor-related lawsuits.Originality/valueThe authors' study is the first to investigate how employee relations affect firms involving federal investigation. The authors aim to contribute to the literature by studying (i) the relation between employee mistreatment and legal challenges, (ii) how firm characteristics affect the path from employee disputes to securities class actions and (iii) the impact of employee mistreatment on the corporate governance.

Research paper thumbnail of Environmental performance and financial constraints in emerging markets

Research paper thumbnail of Bibliometric and Scientometric analysis on CSR practices in the banking sector

Review of Financial Economics

Research paper thumbnail of Foreign Ownership and Labor Investment Efficiency*

Research paper thumbnail of Banking with Millennials

SSRN Electronic Journal, 2015

Millennials are the ascendant generation that will soon be the controlling majority of businesses... more Millennials are the ascendant generation that will soon be the controlling majority of businesses, governments, and organizations, as well as the main contributors to new household creation. This paper looks at the characteristics of the Millennial generation and explores how these characteristics impact a Millennial’s choice to become a bank client. The findings reveal differences in the demographic characteristics of this generation, including income, number of dependents, and level of financial knowledge. Results from the probit model indicate a negative significant relationship between the number of dependents and the probability of a potential bank client to become a bank client.

Research paper thumbnail of Geographic strategies in mergers and acquisitions by financial institutions

Accounting & Finance, 2021

Research paper thumbnail of Political lobbying, insider trading, and CEO compensation

International Review of Economics & Finance, 2018

Research paper thumbnail of Dynamic Volatility and Shock Interactions between Oil and the U.S. Economic Sectors

Journal of Business Accounting and Finance Perspectives, 2018

his study examines (i) the dynamic shocks and volatility interactions between each of the eleven ... more his study examines (i) the dynamic shocks and volatility interactions between each of the eleven U.S. economic sectors and the oil market; (ii) riskminimizing optimal capital allocations between each sector and oil; and (iii) the hedging effectiveness resulting from the inclusion of oil in each sector portfolio. Using weekly data spanning the period June 1994 through February 2016, we document the following regularities: (i) the conditional correlation between each sector and the oil market is time-varying and slowly decaying; (ii) there is either volatility or shock transmission from oil to each sector but not the reverse; and (iii) investors can minimize and hedge risk by allocating a portion of their wealth to oil commodities and forming a portfolio consisting of sector stocks and oil commodities. however, they will need to overweight their investment in sector stocks. Our findings indicate that oil commodities offer diversification potential to U.S. investors holding sector port...

Research paper thumbnail of The liquidity, performance and investor preference of socially responsible investments

Review of Behavioral Finance

PurposeThe purpose of the paper is to analyze socially responsible investment (SRI) asset perform... more PurposeThe purpose of the paper is to analyze socially responsible investment (SRI) asset performance compared to traditional assets using the MSCI KLD 400 Index. The authors examine the required return that investors expect to maintain their holdings in SRI stock and whether SRI stocks can be used for diversification during financial crises.Design/methodology/approachThe authors examine SRI stocks' liquidity from the MSCI KLD 400 index, encompassing all environmental, social and governance (ESG) factor investments over 25 years, from 1990 until 2019. The authors test whether sorting portfolios based on their excess return, liquidity and volatility can explain the difference in SRI and non-SRI stocks' returns and then examine the global financial crisis' (GFC) impact on excess returns for SRI and non-SRI assets.FindingsThe authors find a significant difference in liquidity and volatility between SRI and non-SRI stocks and that SRI stocks perform better during financial c...

Research paper thumbnail of Financial analysis for mobile and cloud applications

Expert Systems in Finance, 2019

Research paper thumbnail of Intelligent distributed applications in e-commerce and e-banking

Expert Systems in Finance, 2019

Research paper thumbnail of Customer Satisfaction in Microfinance Institutions: Insights from Ghana

Enterprise Development and Microfinance, 2020

With increased competition in the microfinance industry in most African markets, customer satisfa... more With increased competition in the microfinance industry in most African markets, customer satisfaction and retention are important issues for most microfinance institutions (MFIs) in the region. We rely on survey data from customers of MFIs in Ghana to examine the potential determinants of customer satisfaction in the microfinance sector. We find customer satisfaction to be significantly related to customers’ experiences and motivations such as the primary reason for associating with MFIs, and the size of credit they seek. We further find customers’ demographic factors such as educational attainment and household income levels to be related to customer satisfaction in the microfinance sector. Our results are largely consistent with the view that MFIs offer a valuable service by expanding access to small credits to poor households and microenterprises who are either denied credit by the formal banking sector or who are exploited by informal moneylenders. Further, our interviews with ...

Research paper thumbnail of Chief executive officer power and board gender diversity

Finance Research Letters, 2021

Research paper thumbnail of The value added by private equity in mergers and acquisitions by financial institutions

Research paper thumbnail of Corporate reputation and market reaction: evidence from FinTech industry

Applied Economics Letters

Research paper thumbnail of Chief Executive Officer power and Corporate Sexual Orientation Equality

Journal of Behavioral and Experimental Finance

Research paper thumbnail of Music Entrepreneurship and Access to Social and Cultural Capital: Your Network is Your Net Worth

Proceedings of the 2020 International Summit of the Music & Entertainment Industry Educators Association