Non-Profit Organizations in a Down Economy: The Financial Performance of Higher Education Institutions in the New England Area

An economic recession affects an entire economy, including the non-profit sector. The impact could result from changes in government support, a decrease in donations, investment income, service fees or a combination. Many private universities and colleges, which rely on tuition and endowment, have been affected by a dip in enrollments, while their endowments shrink because of the recession and declining stock values. This study will examine how an economic recession can affect non-profit organizations, focusing on private, four-year higher education institutions in New England. Different types and sizes of schools will be affected differently. Since the large, well-known schools have more diverse income sources than small, less-recognized ones, the former will be less affected during an economic recession. This study will identify and define the main income sources for higher education institutions and conclude with some recommendations for ways these schools can weather the economic storm

The Impact of New Product Announcements on Quick Service Restaurant Companies’ Stock Returns

This study seeks to answer two main questions: 1) Do product announcements impact quick service restaurant stock returns? 2) Do economic conditions impact the degree which product announcements impact quick service restaurant stock returns? 159 total product announcements were collected for 6 quick service companies: McDonald’s Corp., YUM! Brands Inc., The Wendy’s Co., AFC Enterprises Inc., Jack in the Box Inc., and Sonic Corp. 84 of these announcements were from 2005-2007 (Labeled “Pre-Recession”), and 75 were from 2009-2011 (Labeled “Post-Recession”). Using historical stock price data, an analysis of the overall trends of the mean-adjusted excess returns was conducted to determine whether or not product announcements impact the stock returns. Further analysis was conducted to determine whether the “Pre-Recession” results had different results from the “Post-Recession” results, demonstrating a difference between two different economic periods. The results showed that on average, the day following the product announcement had negative excess returns. In addition, there was a noticeable difference between “Pre-Recession” and “Post-Recession” post-announcement returns behavior. “Pre-Recession” results, on average, had positive excess returns in the 10 days following the product announcement, while “Post-Recession” results had negative excess returns in the 10 days following the product announcement

Recession, taxes and economic growth.

The current economic situation forces the governments to find solution how to promote economic growth. Economic theory suggests that differences in taxation may play a role in explaining differences in economic performance. The paper summarizes common features tax related measures used to tackling the economic recession in the European Union and it also points out the effect of taxes on economic activity presented by empirical studies.recession; economic crisis; taxation; corporate income tax; personal income tax; value added tax

Innovative Management in Subcontracting Business in Growing and Stagnating Economies

The worldwide economic recession demonstrates: innovations are needed to increase productivity and competitivity of enterprises, especially of subcontracting companies. The paper compares the subcontracting business at a boom- and recession-phase, mainly in Japan and Germany. For Japan the components of subcontracting systems are exposed by a static and dynamic view. Changes of subcontracting firms from dependent, but stable suppliers of parts and services to extremely dependent subcontractors are shown for Japan. European subcontracting companies are found being less dependent, or even independent, networking suppliers. The worldwide dynamic view demonstrates: innovative management enables SMEs of former LDCs to compete with subcontracting companies of developed countries. The economic recession, yet, endangers the stability of the subcontracting systems worldwide.new combinations of economic resources – types of subcontracting systems – economic recession – pressure to innovate – new risks and opportunities of subcontracting business.

The Great Recession and Okun\u27s Law

Okun’s Law expresses a relationship between economic growth and changes in the unemployment rate. Recent work by Herzon (2012) and Duy (2012) provide evidence that the relationship between growth and changes in the unemployment rate may have changed as a result of the Great Recession. I test for this by estimating the growth-unemployment relationship using a panel model across fifty U.S. states from the years 1998 to 2011 controlling for the labor force participation rate. I find that the unemployment rate has indeed been more responsive to economic growth after the Great Recession than it was before the recession and hypothesize about some reasons for this change

THE ANALYSIS OF EQUITY-EFFICIENCY TRADE-OFF IN THE EUROPEAN UNION ECONOMY

The European Union’s economic evolution for the last sixty years is specific to the long term stages of the economic cycle, of Kondratieff type. The economic expansion period has been characterized by a higher efficiency level (growth in productivity, in the labour occupation degree) which favoured the reducing of the inequalities related to incomes through the redistribution process. The economic recession stage showed that, under the terms of an increased unemployment, of a low aggregate demand and of a less flexible aggregate supply, the economic efficiency level is relatively lower. On these conditions, the providing of social equity (of the cohesion) will affect negatively the efficiency degree, fact which will extend the period of economic recession within The European Union.economic growth, labour productivity, economic recession, total factor productivity

Unemployment in the Great Recession: single parents and men hit hard

This brief discusses the sweeping impact the Great Recession has had on Americans, particularly men, single parents, young adults, and people with less education. Using data from the 2007 and 2010 Annual Social and Economic Supplement of the Current Population Survey, the authors report that unemployment is highest among men and among unmarried adults, regardless of place or parenting status. Although this was also true before the recession, gaps between men and women, and the unmarried and married, have widened considerably during the recession. Also during the Great Recession, unemployment rose more in central cities and suburban places than in rural places, perhaps because rural unemployment was already high prior to the start of the recession

Liberalisation and political decay : Sri Lanka's journey from welfare state to a brutalised society

economic recession;economic liberalization;Sri Lanka;political conditions

The role of unemployment insurance during the economic and financial crisis

The aim of this paper is to discuss the role of unemployment insurance during recession. Firstly, it presents a brief literature review, according to which unemployment insurance works as a built-in stabilizer for the economy. Secondly, it highlights certain characteristics of these programs in developed and developing countries, in recession periods. Also, it analyzes the evolution of Romanian unemployment insurance indicators during 2004-2009 and finds that public expenditures had an opposite trend to that of GDP and budgetary revenues, decreasing during periods of economic growth and increasing during the current recession, which suggests an interaction with the economic cycle.iunemployment insurance, economic crisis, unemployment rate