The Balance Between Values: Cultural Tensions Surrounding Thai Comedy

This journal has been published at different time periods under the following titles: Explorations: A Graduate Student Journal of Southeast Asian Studies, Explorations in Southeast Asian Studies, and The Journal of the Southeast Asian Studies Association

Personality Dimensions And Measures Of Risk Tolerance: Variance/Skew And Scenario Response Assessment

In this paper, we explore the relationship between dimensions of the Myers-Briggs Type Indicator (MBTI) and individual investor ex-ante risk tolerance. Ex-ante risk tolerance is measured using ex-ante variance and skew tolerance measures as well as industry-like Scenario Response Assessment (SRA). Our study uses survey results to relate these measures of ex-ante risk tolerance to MBTI measures. Our results indicate that personality dimensions do explain many SRA measures of individual ex-ante risk tolerance and further suggest that the relationship between personality dimensions and the industry-like individual ex-ante risk tolerance measures are generally complex and non-linear in form. Finally, our results find fewer, but still complex and non-linear, relationships between variance/skew ex-ante risk tolerance measures.&nbsp

Employee Rewards And The Likelihood Of A Successful Initial Public Offering

In this paper, we survey employees about human resources practices regarding employee stock ownership plans (ESOPs) and profit sharing plans of firms that have registered for an IPO offering.  We find that firms that had ESOPs in place prior to the registration of an IPO have a greater likelihood of eventually launching an IPO than those registered firms who do not.  Our results broaden the existing finance literature of IPO analysis as we survey registered companies prior to their attempted IPO launch to determine whether their employee-based compensation structure impacts the likelihood of a successful IPO launch

Evaluating the performance of the Motley Fool’s Stock Advisor™

Since March 2002, The Motley Fool’s founders, David Gardner and Tom Gardner, have published monthly stock recommendations under Motley Fool’s premium Stock Advisor service. In this paper, the authors investigate whether analysts’ recommendations can add value for investors by examining the performance of portfolios constructed based on Motley Fool’s recommendations. They evaluate the announcement effect on share price corresponding to the publication of stock recommendations. Additionally, the researchers examine holding period returns for a portfolio imitating the actions of Stock Advisor. They find portfolios composed of recommendations through Stock Advisor added value initially upon recommendation and across extended holding periods. Additionally, the authors find that the Stock Advisor sample outperforms other sample portfolios on a risk-adjusted basis and over several subperiods. The findings contribute to the literature on the usefulness of analysts’ recommendations in adding value to investors’ portfolios