Thinking Inside the Box
By Dr. Mark Turner—-When you think of the stereotypical accountant, does the word creativity come to mind? Are accountants as a group more or less creative than non-accountants? Drew Boyd and Jacob Goldenberg, authors of Inside the Box, A Proven System of Creativity for Breakthrough Results argue “creativity is a skill that can be learned…
Read MoreNegative Interest Rates: Unusual and a Difficult Phenomenon to Explain
With respect to interest rates, we live in a very interesting and indeed historical time. In some European countries, nominal interest rates are negative (while they are close to zero in the United States). A short while back this was thought to be impossible. Until it actually happened, it would have been difficult to imagine…
Read MoreFallacy of Composition in Economics
By Dr. Hassan Shirvani —-The fallacy of composition refers to the logically untenable position that what is true for a member of a group must necessarily also be true for the group as a whole. Perhaps a good example of this fallacy is the assertion that since an individual in a crowded room can obtain…
Read MoreA Real World Marketing Experience at UST
By Janelle Escayg — From the first day of Marketing Management class, we knew it would be challenging after Dr. Zhang told us of all the class requirements. The biggest challenge, yet the most exciting part of the class, was when we were told that for one of the assignments we had to create a…
Read MoreThe Role of Non-financial Information in Detecting Financial Statement Fraud
By Evgeniya Sukhova—- INTRODUCTION In order to detect material misstatements in the financial statements of a company, auditors perform numerous analytical procedures, including analysis of relationships between financial and nonfinancial information. Inconsistency between financial and nonfinancial information can be a symptom of financial statements fraud. This type of fraud is most often carried out by…
Read MoreThe Economics of Friedrich Hayek
By Dr. Hassan Shirvani— Conservatives tend to idolize the Austrian economist Friedrich Hayek (1899-1992) in the same way that liberals like to lionize the British economist John Maynard Keynes (1883-1946). Indeed, during the Great Depression of the 1930s, the debate between the supporters of Hayek and Keynes dominated much of the academic economic scene. The…
Read MoreFraud Prevention
By Cassandra Andrews— A company or individual can never be 100% protected from fraud, but there are certain measures that a company or individual can take to be as protected as possible. Everyone who works in a company can be dishonest. There are two essential aspects that are key to having a low-fraud environment. The…
Read MoreBETA GAMMA SIGMA
By Dr. Margaret L. Shelton—- Beta Gamma Sigma [BGS] is the premier Honor Society and highest recognition for business students world-wide who are pursuing degrees at AACSB accredited business schools, such as our own Cameron School of Business. Membership in BGS is permanent with no fees required other than the initial acceptance fee. The benefits…
Read MoreInvestment Banking Principles: An Inside Look at Leveraged Investing and Risk Parity
By Austin J. Matt– Forethought Leveraged investing encompasses a tier of strategies utilized by investment banks for many years. It is the “black powder” used in portfolios managed by individual investors and institutions alike. Investment Banks’ “Black Powder” The world of investment banking is home to a plethora of strategies that all aim…
Read MoreExpert Advice on Leadership: Words of Wisdom From UST President
By Denily Acosta Izzo—When you are studying business, you feel a certain inclination to develop leadership skills because it makes you a better candidate when applying for a job. Leadership may come easily for an extroverted, social, and passionate individual or it may be a hard target to achieve for an introverted, shy, and a…
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