Browsing by Author "Fehr, David"
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ItemThe adoption of specialized high school level financial literacy curriculum modules(Southern New Hampshire University, 2007) Fehr, DavidThe purpose of this research paper is to explore issues in the implementation, at the high school level, of sophisticated financial literacy teaching materials developed specifically for delivery in a high technology environment for a high school audience. Considerable research has been devoted to both understanding generally why innovation does or does not get adopted by the target population and, specifically, aspects in the implementation of new curriculum materials at the high school level. This paper looks at recent work evaluating the successes and failures in the implementation of new curriculum for foreign languages, mathematics, physics and general science. Can inferences be drawn from this work to assist in an implementation program for the financial literacy modules? Questions of the following types are addressed: Are there risks to the teacher in adopting novel curricula? Does extensive professional development need to accompany new curriculum adoption? Are there psychological hurdles that teachers need to address before adoption? Could there be institutional impediments present? How does the teacher work environment affect adoption? A revised version of this paper has since been published in the Journal for Economic Educators. Please use this version in your citations. ItemDominated assets, the expected utility maxim, and mean-variance portfolio selection(Southern New Hampshire University, 2006) Fehr, DavidThe purpose of this paper is to consider optimal portfolio selection when a dominated asset is included in the menu of investment opportunities. We will explore whether mean-variance portfolio selection (MV) and expected utility of terminal wealth maximization maxim (EU) make compatible portfolio selection decisions in the presence of a dominating asset. A three asset, three state model is presented to highlight the inconsistency between MV and EU when a dominated asset is present. (Library-derived description) ItemFinance certification preparation and "teaching to the test" - the NASAD Series 7 General Securities Registered Representative examination(Southern New Hampshire University, 2007) Fehr, DavidThis paper addresses two aspects of offering finance certification training programs at the university level. During the spring term 2006, Southern New Hampshire University offered (in conjunction with a large, diversified financial services company) a finance elective course to prepare students to sit for the NASD Series 7 General Securities Registered Representative Examination. Firstly, the paper provides the background on developing a specialized academic course working in cooperation with a corporate entity. Secondly, the paper explores the academic ramifications of delivering the course in a “teaching to the test” format instead of a more typical academic course delivery. A revised version of this paper has since been published in the Journal of Economics and Finance Education. Please use this version in your citations. ItemFinancial literacy training in an academic trading room : expanding practical education in finance(Southern New Hampshire University, 2003) Bristol, Kristin; Fehr, David; Johnson, R. LarryA nationwide awareness of the need to raise students’ financial literacy levels has surfaced recently as a result of a number of studies throughout the United States focusing on financial literacy. The need to examine this issue in more detail is evidenced by the widespread lack of parental personal finance instruction, limited personal finance instruction in both primary and secondary schools and the overall difficulty experienced by many individuals in grasping and applying the basic concepts of personal finance (Mandell, 1998, 2001; American Institutes for Research, National Council on Economic Education, and Council of Chief State School Officers, 2002; Carvahal, 2002). The purpose of this paper is to provide an overview of the development and implementation of a financial literacy program at Southern New Hampshire University (SNHU) including: (1) A brief overview of the literature in financial literacy; (2) The pedagogical opportunities made available to both SNHU and the community by the development of the “Center for Financial Studies” and its high technology trading room; (3) A brief outline of the SNHU mission and how financial literacy is integrated; and (4) The development and administration of financial literacy curriculum modules as a part of the Freshman Experience Course (FEX) at SNHU. Both the challenges and results are explored in this paper. A revised version of this paper has since been published in the journal Advances in Financial Education. Please use this version in your citations. ItemHiccups in the adoption of innovation for complex financial models(Southern New Hampshire University, 2004) Fehr, David; Bristol, KristinThere exists a vast and growing body of literature that describes the mechanisms by which innovations diffuse through a population, as well as factors that affect the speed of adoption of an innovation. This body of literature tends to focus on incidences of successful innovations. However, study of innovations that fail to diffuse widely may be equally valuable. Furthermore, major diffusion research has not addressed financial innovation in a meaningful way (Rogers, 2003). This paper focuses on complex state-of-the-art financial innovations, developed and proposed by academicians as solutions to real-world problems. This paper (1) discusses a novel financial strategy based on the use of sophisticated financial engineering products; (2) the adoption (or lack thereof) of complicated real option evaluation models to augment capital budgeting decisions; and (3) a case study to highlight implementation issues for a highly complex fixed income option model. A revised version of this paper has since been published in the journal Advances in Financial Education. Please use this version in your citations. ItemLicensing intellectual property : computer software in the bioinformatics industry - a case study(Southern New Hampshire University, 2009) Fehr, DavidThis entrepreneurial case is a disguised, real world case. It is appropriate for use in executive training, for graduate students and/or for undergraduates in small business, entrepreneurship, finance, marketing, management, or strategy courses. A revised version of this paper has since been published in the Journal for Journal of Business Cases and Applications. Please use this version in your citations. ItemOptimal management of research projects in the not-for-profit sector(Southern New Hampshire University, 2003) Fehr, DavidAs stated in the working paper: "In recent years, most not-for-profits have set up an office of technology transfer to handle those R&D projects which may potentially have commercial value. In fact, in the current environment in which medical reimbursement rates to hospitals have fallen and traditional sources of research grants have dried up, most not-for-profits view the technology transfer office as a potential “profit” center for the institution. As a consequence, the objective function of the technology transfer office is to monetize its R&D projects in an optimal way. We would like to study questions of the following sort. What is the appropriate level of funding by the hospital? Does it make sense for the hospital to partially develop the technology and then sell it? If so, at what point in the development process is it "optimal" to sell the technology?" (Library-derived description) ItemRaising capital for microfinance : sources of funding and opportunities for equity financing(Southern New Hampshire University, 2004) Fehr, David; Hishigsuren, GaamaaMicrofinance has been spread around the world as a popular poverty reduction strategy. This paper examines how microfinance institutions can communicate their prospects to investors, examines typical sources of financing, and reviews classic finance techniques that could be use to approach mainstream equity investors. (Library-derived description) ItemSelecting a strategic partner : a value maximization approach(Southern New Hampshire University, 2008) Fehr, DavidThe purpose of this paper is to explore strategic partnership opportunities using an economic value maximizing approach. This paper was inspired by the symposium "Nonprofit Marketing and Distribution Strategies for Investor Education," held in Hanover, New Hampshire, in May 2007. (Library-derived description) ItemUsing an academic training room to enhance economics literacy training(Southern New Hampshire University, 2003) Bristol, Kristin; Fehr, David; Tripp, GaryThe focus of this paper is to assess the current status of basic economics literacy primarily, though not exclusively, among high-school age students. Although the primary focus of the authors was directed to the secondary-level student population within the State of New Hampshire, considerable evidence indicates that similar proficiency levels exist on a nationwide basis. Indeed, student performance on the economics component of standardized social studies examinations in New Hampshire tend to parallel the results reported in nationwide studies. In general, a majority of students lack an understanding of basic economic concepts. The authors intend to demonstrate that a number of factors, many of which are systemic in nature, conspire to limit satisfactory student performance on such assessments. In the end, and on a practical level, we will discuss the attributes which a stateof-the-art, technology-based venue can offer to both students and teachers with respect to improving basic economics literacy among high school students. The paper will be developed as follows: Part I will frame the nature of the problem; Part II contains a survey of literature germane to this topic; Part III summarizes current national legislative trends; Part IV addresses curriculum frameworks, standards and assessments currently in force in New Hampshire; and Part V outlines the opportunities to use the assets of The Center for Financial Studies at Southern New Hampshire University (SNHU) to enhance economics literacy.