New ANCHORS For Business Schools In The New Economy

In this article we illustrate changes taking place in the context, economy and environment in which business schools currently operate.  These changes point out the continuous need to devise new business school models to survive and prosper.  Further, we elaborate a contextual perspective obtained from the current best practices of business schools to spring forth new strategies in a changing world.  After decades of unprecedented growth, business schools are facing an outlook that is suddenly looking much less sunny. Increasing pressure to globalize, declining enrollments, criticism from corporate America, and changes in both business and society are forcing business schools to face the fact that they must adapt or die.  As the economy continues to move toward an information-based system, and corporations more heavily favor active learning over theoretical studies, business schools are facing an intensifying crisis. The schools’ best hope is to systematically analyze their own strategies and integrate the concepts of the new economy with their own core values. To devise a strategy for succeeding in these turbulent times, we suggest schools base their strategies in the ANCHORS plan. This helps school officials build from a base that identifies their missions and core competencies, leads them to organizational effectiveness, and helps them create a sustainable advantage in their marketplace. The ANCHORS plan provides a multidimensional basis for coping with changing times and also helps schools identify the markets they will serve

Forecasting daily cash receipts and disbursements : a general statistical approach

Includes bibliographical references (p. 21-22)

Information Technology and Sales & Operations Planning (S&OP) – An Event Study

IT has lost its magical power to provide competitive advantages and that corporations would be better off focusing on the risk of IT rather than looking at IT as a strategic asset – such was the conclusion of Carr (Carr, 2003). However, IT champion, Metcalfe, views IT investment as a source of competitive advantage that determines a path of sustainable excellence for a corporation. This paper explores the weight of evidence for both camps using event study and proposes that there is an optimal level investment in IT as a strategic asset beyond which it will cease to be a strategic asset in Sales and operations planning (S&OP)

Capital market equilibrium under market imperfections and incompleteness: The dividend signalling approach

Includes bibliographical references (p. 26-27)

A simultaneous equation approach to financial planning using cash flow components

Includes bibliographical references (p. 22-23)

Essays on Free Banking

119 p.Thesis (Ph.D.)--University of Illinois at Urbana-Champaign, 1987.The banking industry is undergoing far-reaching changes in recent years. Everybody is moving into the banking business, and banks are moving into everything else. The deregulatory acts of 1980 and 1982 recognized the competitive forces and removed some Depression-born regulations. The deregulatory environment is stimulating discussions on various regulatory features of the banking industry. In this dissertation we focus on the issue of free note banking, a feature which is regulated in the United States as well as elsewhere. The free banking has important implications for inflation, international finance, and federal deficits.Free banking refers to competitive issue of brand name convertible notes by unprivileged private banks. Two distinct features of free banking stand out. The first feature is free entry which ensures that there is no privileged banking, and the second one is convertibility of distinguishable notes which afford a vent through which noteholders' demands find expression. The proponents of free banking claims that if banks are left unregulated, good money will drive out the bad money, and thus inflation will be eliminated.For the second essay we attempt to demonstrate that in the United States there never was free banking in the correct sense of the term. The form of true free banking was altered due to the presence of two hostile camps, viz., hard money Jacksonians and pro-U.S. bank groups, and the influence of the Currency School, among others. In the third essay we analyze the efficiency of markets for free bank notes to see whether noteholders used the information regarding the banks correctly. The proponents of free banking relies on market efficiency for monetary discipline.The fourth essay provides a general framework for analyzing the free bank failures in the United States. It also demonstrates that it was regulation that prevented avoidance of failure, not the lack of it.In the fifth essay, we observe that money is a special consumer durable and that is why free banking will lead to the appearance of Gresham's contrary to the belief of free banking proponents. To make the system of free banking work, we need to impose a compulsory unlimited shareholders' liability. This also enables the price to act as a signal when we allow for merger.U of I OnlyRestricted to the U of I community idenfinitely during batch ingest of legacy ETD