scholarly journals Parental Resources and College Attendance: Evidence from Lottery Wins

2021 ◽  
Vol 111 (4) ◽  
pp. 1201-1240
Author(s):  
George Bulman ◽  
Robert Fairlie ◽  
Sarena Goodman ◽  
Adam Isen
Keyword(s):  
Financial Aid ◽  
Upper Bound ◽  
Financial Constraints ◽  
College Attendance ◽  
Financial Resources ◽  
Low Ses ◽  
Substantial Variation ◽  
College Costs ◽  
Us Children ◽  
The Relationship

We examine US children whose parents won the lottery to trace out the effect of financial resources on college attendance. The analysis leverages federal tax and financial aid records and substantial variation in win size and timing. While per-dollar effects are modest, the relationship is weakly concave, with a high upper bound for amounts greatly exceeding college costs. Effects are smaller among low-SES households, not sensitive to how early in adolescence the shock occurs, and not moderated by financial aid crowd-out. The results imply that households derive consumption value from college, and household financial constraints alone do not inhibit attendance. (JEL G51, I22, I23, I24, I26, I28, J24, J31)

The Relationship between Economic Status and Child Health: Evidence from the United States

2008 ◽  
Vol 98 (4) ◽  
pp. 1605-1618 ◽  
Author(s):  
Simon Condliffe ◽  
Charles R Link
Keyword(s):  
Positive Relationship ◽  
Economic Status ◽  
The United States ◽  
Low Ses ◽  
Health Shocks ◽  
Cross Sectional ◽  
Us Children ◽  
The Relationship ◽  
And Child Health ◽  
Specific Health

Anne Case et al. (2002), using cross-sectional data, found a positive relationship between children's health and income, with income's protective effect increasing with age. Janet Currie and Mark Stabile (2003), using a panel of Canadian children, found that low- and high-SES children respond similarly to health shocks, but the low-SES children are subject to more shocks as they age. Our study examines this relationship using panel data for US children. We find some support for the latter result of Currie and Stabile, but also evidence that low- and high-SES children respond differently to specific health shocks. (JEL D31, I12, J13)

High Costs, Low Resources, and Missing Information: Explaining Student Borrowing in the For-Profit Sector

2017 ◽  
Vol 671 (1) ◽  
pp. 92-112 ◽  
Author(s):  
Stephanie Riegg Cellini ◽  
Rajeev Darolia
Keyword(s):  
Postsecondary Education ◽  
Undergraduate Students ◽  
College Attendance ◽  
Financial Resources ◽  
Substantial Portion ◽  
Missing Information ◽  
College Costs ◽  
For Profit ◽  
Nationally Representative ◽  
Over Time

This article examines the borrowing behavior of students enrolled in for-profit colleges, asking how and why their borrowing differs relative to students pursuing postsecondary education in other sectors. We employ statistical decompositions to understand the extent to which variation in borrowing across sectors can be attributed to observed characteristics of students and of higher education institutions. Drawing on nationally representative data on undergraduate students, we show that college costs of attendance are the primary observed driver of the large differences in borrowing between students in for-profit institutions and those in other sectors. However, a substantial portion of borrowing differences remains unexplained by these high costs, low student financial resources, and variation in college attendance patterns. Further, there is little evidence that changes in these characteristics can explain the rise in student borrowing in the for-profit sector over time. We discuss how these findings present challenges to regulation of the for-profit sector, and the extent to which policymaking can encourage prudent borrowing and college choice decisions.

Association between the availability of financial resources and working capital management with stock surplus returns in Iran

2019 ◽  
Vol 14 (2) ◽  
pp. 343-361 ◽  
Author(s):  
Mahdi Salehi ◽  
Nadia Mahdavi ◽  
Saeed Zarif Agahi Dari ◽  
Hossein Tarighi
Keyword(s):  
Stock Returns ◽  
Firm Value ◽  
Financial Constraints ◽  
Cash Holdings ◽  
Financial Resources ◽  
Capital Management ◽  
Working Capital ◽  
Working Capital Management ◽  
Content Type ◽  
The Relationship

Purpose The purpose of this paper is to investigate the relationship between access to financial resources, working capital with surplus stock returns and value of the company in Iran. Design/methodology/approach The study population consists of 728 observations and 91 firms listed on the Tehran stock exchange during an eight-year period between 2009 and 2016. The statistical model used in this study is a multivariate regression model; further, the statistical technique used to test the hypotheses is panel data. Findings The results saw a negative and significant linkage between changes in cash and stock’ excess returns, whereas no meaningful association between changes in working capital and stock surplus returns was seen. In other words, an Iranian rial (Iran’s currency) invested in working capital worth less on average than a rial held in cash. Furthermore, the authors realized that in an inflationary economy, firms mainly pay more dividends so as to illustrate better their financial position and also to attract more investors’ trust. The results also indicated that the final value of working capital in the companies that are faced with financial constraints is more than companies that are not faced with financial constraints. Subsequently, after the elimination of the effects of inflation on stock returns, it was found there is not any significant association between the stock’s real return and firm value. Practical implications This is one of the most comprehensive research works in Iran that simultaneously surveys the impacts of access to finance and working capital on firm value. This research warns corporate managers to pay more attention to the importance of keeping cash to finance and manage working capital for profitability and sustainability of their company’s operations. Surely, by understanding the relationship between cash holdings, working capital management and stock surplus return, investors will be able to make appropriate decisions about the optimal choice of funds. Originality/value What really will fascinate other scholars about this paper is the time period of the study because there were unprecedented sanctions against Iran market and many manufacturing industries were in financial strain. Without hesitation, the paper will make aware investors and stakeholders of this fact that cash holdings will be a good way in reducing the corporate financial problems in emerging markets, particularly those markets face financial sanctions like Iran.

scholarly journals Preparedness of Young People for a Sustainable Lifestyle: Awareness and Willingness

2021 ◽  
Vol 13 (13) ◽  
pp. 7204
Author(s):  
Anastazija Dimitrova ◽  
Antonín Vaishar ◽  
Milada Šťastná
Keyword(s):  
Young People ◽  
Environmental Issues ◽  
Financial Resources ◽  
Specific Information ◽  
Public And Private ◽  
The Public ◽  
Global Problem ◽  
Sustainable Lifestyle ◽  
Local Companies ◽  
The Relationship

This article discusses the relationship between a consumer lifestyle and the environment. The willingness to adapt to a sustainable lifestyle was tested through a questionnaire among students of Mendel University in Brno, who are theoretically well-informed people. Overall, 417 students answered, i.e., 19% of the respondents. The students generally recognised the need to address environmental issues, and 90.6% intended to change their lifestyle in this direction. Among the barriers, they mentioned in particular lack of time, lack of financial resources, lack of specific information and insufficient conditions. Addressing this issue requires close co-operation in education between governmental and non-governmental organisations in both the public and private sectors. The COVID-19 pandemic has affected the situation in that it has drawn attention to the response of local companies to the global problem.

Do Financially Constrained Firms Earn Higher Returns than the Unconstrained Firms? A Comprehensive Evidence from Pakistan Stock Exchange

2020 ◽  
Keyword(s):  
Time Series ◽  
Asset Pricing ◽  
Capital Structure ◽  
Stock Returns ◽  
Financial Constraints ◽  
Stock Exchange ◽  
Cash Flows ◽  
Total Asset ◽  
Cash Holding ◽  
The Relationship

This paper examines the relationship between financial constraints and the stock returns explaining the pricing of stock through financially constrained and unconstrained firms in Pakistan. Three proxies; total assets, tangible to total assets and cash holding to total assets ratios) have been used for financial constraints and the study tried to investigate that either the investors are compensated for taking the extra risk or not in Pakistan Stock Exchange (PSX). We find that the financially constrained firms don’t earn higher returns when their capital structure is heavy with liquid assets and their cash flows are more than the unconstrained firms in PSX. Moreover, the time series results showed that the risk-adjusted returns of the most constrained firms give the mix and somewhat negative and significant and insignificant results for the Pakistani firms listed in PSX sorted based on tangible to total assets and Cash holding to total asset ratios. Keywords: Asset Pricing, Financial constraints, risk-adjusted performance of portfolios

The model of State financial aid to business during the COVID-19 pandemic in Russia: A framework, tools, and practices

2021 ◽  
Vol 14 (2) ◽  
pp. 124-140
Author(s):  
Tat'yana Yu. KISELEVA ◽  
Lola D. SANGINOVA
Keyword(s):  
Financial Aid ◽  
Market Competition ◽  
The State ◽  
Financial Resources ◽  
Single Model ◽  
Force Majeure ◽  
Business Support ◽  
Analysis And Synthesis ◽  
National Model ◽  
Official Data

Subject. The article discusses the financial aid the State provides to business during the COVID-19 crisis. Objectives. We analyze the financial aid the State provides to the Russian businesses as a single model, considering the national specifics. Methods. The study involves methods of analysis and synthesis, comparative analysis, generalization, etc. The study is based on factual and official data for H1 2020. Results. There is a national model of the financial aid the State provides to businesses in Russia, which is intended to temporarily provide businesses with funds in force majeure and ensure their uninterrupted operation, protect small and medium-sized business and market competition. We analyze key tools of the State support and substantiate our suggestions how it should be maintained for certain types and areas of business in the post-crisis period. Conclusions and Relevance. The current situation with COVID-19 made the State organize business support, provide businesses with financial resources on certain terms or use business protection tools.

scholarly journals CSR Strategic Approach, Financial Resources and Corporate Social Performance: The Mediating Effect of Innovation

2018 ◽  
Vol 10 (10) ◽  
pp. 3611 ◽  
Author(s):  
Pasquale Ruggiero ◽  
Sebastiano Cupertino
Keyword(s):  
Corporate Social Performance ◽  
Social Performance ◽  
Critical Factor ◽  
Mediating Effect ◽  
Financial Resources ◽  
Innovation Activities ◽  
Strategic Approach ◽  
Social And Environmental Performance ◽  
Corporate Social ◽  
The Relationship

Given the current undefined relational effect between corporate financial performance (CFP) and corporate social performance (CSP) and the potentially myopic behavior of managers, this paper answers the call from some scholars to contribute towards a better understanding of the relationship between CFP and CSR. Different from other papers, it does so by analyzing the role of innovation activities as a mediator between CFP and CSR, applying a regression and mediation analysis between firms’ financial resources, innovation initiatives, and social and environmental performance. The results demonstrate that innovation is a critical factor in the relationship between CFP and corporate social performance (CSP) as it enables organizations to respond to new economic, social and environmental challenges faster and better than organizations that are not able to innovate. Therefore, the investment of financial resources in innovation initiatives is one of the most important levers to pursue and to increase CSP.

scholarly journals Financial capital, constraints, partners, and performance: An empirical analysis of Indonesia SMEs

2021 ◽  
Vol 18 (2) ◽  
pp. 210
Author(s):  
I Wayan Widnyana ◽  
I Made Dauh Wijana ◽  
Almuntasir Almuntasir
Keyword(s):  
Financial Performance ◽  
Financial Constraints ◽  
Small And Medium Enterprises ◽  
Value Added ◽  
Financial Capital ◽  
Moderation Effect ◽  
And Performance ◽  
Medium Enterprises ◽  
The Relationship

Indonesia's small and medium enterprises (SMEs) are considered the backbone of the national economy. However, the fact that SMEs still contribute less to the national gross domestic product (GDP) in terms of value-added, need to be addressed. While previous studies mainly focused on financial (access) constraints as one of the major constraints faced by small enterprises which affect their growth and performances, this study aims to extend the relationship between capital and financial performance of Indonesia SMEs with the moderating effect of financial constraints and partners. This study is different from others as it uses a bigger panel dataset which is about 4.36 million SMEs in Indonesia and is the first to explore the role of financial partners comprehensively. Moreover, the panel regression model with geographic analysis unit uses as a data analysis method. The results of the study show that financial capital has a positive and significant effect on the financial performance of SMEs. Furthermore, while the moderation role of financial partners on the relationship between financial capital and financial performance of Indonesia SMEs was failed to prove, the negative moderation effect of financial constraints was able to prove in this study.

Resource-Free Parenting: The Not So Curious Absence of Money in Policy Discourses of Good Parenting in the UK and Japan

2013 ◽  
Vol 13 (1) ◽  
pp. 129-141 ◽  
Author(s):  
Esther Dermott ◽  
Junko Yamashita
Keyword(s):  
Comparative Analysis ◽  
Parenting Practices ◽  
Positive Parenting ◽  
Financial Resources ◽  
Policy Recommendations ◽  
Material Resources ◽  
Poverty And Inequality ◽  
The Uk ◽  
The Relationship ◽  
Policy Discourses

This article examines recent Japanese and UK policy recommendations on parenting practices and highlights the absence of material resources in these discussions. Parenting has gained increased prominence in recent decades. In the realm of policy, there has been an expansive shift; from a narrowly focused concern with detecting neglect and abuse to the wider project of promoting ‘good’ parenting. Focusing on advice offered in relation to education and food, we note that in both Japan and the UK the relationship between money and the ability to perform idealised parenting practices is rarely mentioned. Our comparative analysis also highlights that this silence is handled differently in the two national contexts, and we suggest that this reflects different historical interests in poverty and inequality. In Japan, parents are encouraged to undertake activities that require financial resources, but the question of how poor parents should manage is left largely unanswered: in the UK, the parenting activities given greatest attention are those that do not rely on money, meaning that poverty can be left off the positive parenting agenda.

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