Education for the Educated: An Administrative Perspective

This article will present some of the challenges and opportunities from the perspective of administrative leaders in executive education programs. Executive education encompasses degree programs as well as non-degree programs, and there are differences between the two types of programs both organizationally and operationally. The value of the programs may be viewed differently among the various constituencies of administrators, faculty, alumni, and students

The Neglected Firm Effect on Stockholder Returns

John S. Jahera,, Jr., is an Associate Professor of Finance at Auburn University. William P. Lloyd is Professor and Head of the Department of Finance at Auburn University. Daniel E. Page is an Associate Professor of Finance at Auburn University

The Role Of The Audit And Agency Theory

The audit function exists to monitor the activities of management and to attest to management’s performance.  The cost of the audit function is an example of an agency cost.  This article discusses the role of the audit function within the context of agency relationships.  Such relationships exist when one party is retained to act on behalf of and in the interest of another party.  Given the natural preference to maximize one’s own utility, conflicts are bound to arise.  Knowledge of such potential conflicts can serve to reduce the cost of the resolution of these conflicts

The Relationship Between The Effectiveness Of Risk Diversification and Corporate Performance

This research examines the relationship between corporate risk diversification and financial performance. Prior research is extended by the use of a risk-adjusted performance measure typically used in the finance literature and a market-based measure of risk diversification. The analysis also uses a larger sample size than prior work, and controls for both firm size and ownership differences. The results support the hypothesis of a significant relationship between corporate risk diversification and performance. These findings are relevant for managers evaluating diversification strategies, for shareholders selecting appropriate firms for investment, and for researchers seeking to explain performance differences