Current issue

College of Business E-Journal 

Spring 2021 Volume XVI, Issue I

ISSN  number 2158-303X

  

I.The Growth of the Native American Gaming Industry: An Update

 

ABSTRACT

In the late 1970s, several Indian tribes established bingo operations to raise revenues to fund tribal governments. In 1987, in California v. Cabazon Band of Mission Indians, the U.S. Supreme Court upheld one of the most signi?cant turning points for tribal governments: the legal right of Native American tribes to offer gaming on reservation lands, free of state interference.  By 2001, gaming had become one of the fastest-growing sectors of the U.S. tourism industry.  As of 2008, Indian gaming revenues topped $26.7 billion.

The last few years have seen tremendous growth in the gaming industry, both in the number of new facilities opening and in gross revenues those facilities are earning.  As of 2018, Indian gaming revenues topped $33.7 billion, with 252 tribal governments conducting multiple gaming operations, for an average revenue growth per year of 2.4 percent.  However, 2020, because of COVID 2019, has seen an overall economic downturn.

The tribal gaming industry will continue to lead the way on gaming technology and innovation.  Emerging platforms will allow tribes to increase their market base.  In fact, Native American gaming is considered one of the top industries in this country.

Indian gaming is no longer in its infancy.  As such, Indian tribes will face new competition and additional challenges as state-sanctioned casinos continue to spread.  Given that gambling is an accepted form of entertainment, it is likely that tribal gaming will continue to be an important part of the American economy. 

Key Words:  Compacts, Indian, Indian gaming, Indian tribes, Native American gaming, Native Americans, tribal gaming

 

by

James Ike Schaap, Ph.D.*
Adjunct (Associate) Professor

College of Business
California State University
Seaside, CA 93933

jjschaap@charter.net

(tel) 775-827-5709
(cell) 775-544-6562
(*-Corresponding Author)

  

  


II. Tax Management, Ownership Structure and Corporate Governance

 

ABSTRACT

We use 2010-2018 publicly listed Chinese company data to analyze how ownership structure and corporate governance affects tax management. Our results indicate that diverse ownership structure might lower a company’s tax rates, whereas traditional corporate governance measures, such as board size, independent board member percentage and duality of CEO serving as chair do not affect tax.

 

by

Ying Wang, DBA, CPA*
Professor

Accounting Department
College of Business
1500 University Dr.
Montana State University-Billings
Billings, MT 59101
E-mail: ywang@msubillings.edu
Phone: 406-657-2273 Fax: 406-657-2327

&

Scott Butterfield, Ph.D.
Associate Professor

Accounting Department
College of Business
1500 University Dr.
Montana State University-Billings
Billings, MT 59101
E-mail: scott.butterfield1@msubillings.edu
Phone: 406-657-1608
Fax: 406-657-2327

*Corresponding Author

  

  

 

 


III. The Role of Institution Based Trust in IoT Environment: A Theoretical Model

 

ABSTRACT

 

ABSTRACT

Internet of Things (IoT) is rapidly gaining popularity at the industrial as well as personal level. This rapid adoption of IoT has created privacy, security, and other relevant concerns. In this paper, we develop a theoretical model based on the Trust-based model that can help us understand a user's adoption of an IoT device.

 

by

Anupam K Nath, Ph.D.
Assistant Professor

cell: 404-938-3378
email: anath@ggc.edu

Georgia Gwinnett College
School of Business
W3127
1000 University Center Lane
Lawrenceville, GA 30043

www.ggc.edu

 

 


IV. Tesla vs. its Stock Price: “Herd Theory” at work?

 

ABSTRACT

Since its inception in 2003, Tesla, Inc. has striven to be more than simply an electric automobile manufacturer.  Since its first release in 2008 (the luxury Roadster), the company has introduced several additional high-end models as well as a much anticipated mid-priced model. Its vehicles consistently receive enthusiastic reviews from consumer analysts and industry publications alike. Perhaps as a reflection of its continued innovation and product-line expansion, as well as investor optimism regarding the company’s future prospects, its stock price has risen to extraordinary levels. However, despite all of this apparent success and highly-valued stock, Tesla has generated relatively little profit to date. This research paper analyzes some of the factors that have led to such a high stock valuation. It examines the background of the company from inception to the present, the impact that its charismatic CEO Elon Musk has had on the stock price, and whether or not “herd behavior” could be at play.

Key words: Investor optimism, herd theory, behavioral economics, social media

JEL Codes: Business Economics (M2), Financial Markets (O16), Behavior Economics (G02)

 

Key Takeaways:

  1. Tesla’s stock has grown at tremendous rates over the last ten years, remarkably outpacing its actual company growth.
  2. Elon Musk, the company’s charismatic CEO, has been very adept at using his own “larger-than-life” personality as well as such tools as social media to add to the company’s mystique and perhaps even to its meteoric stock price rise.

3. Herd behavior could also play a part, as investors see others buying the stock and assume either that they have a better perspective or know something that they do not and also purchase the stock based on this.

 

 

by

Yun Cheng, PhD*
Assistant Professor

Richards College of Business Administration,
Department of Accounting and Finance
University of West Georgia

1601 Maple St.
Carrollton, GA  30118 USA
ycheng@westga.edu
Tel. (678)602-1231

*Dr. Cheng is an Assistant Professor of Accounting at the University of West Georgia.

& 

Carroll Howard Griffin, PhD**
Assistant Professor

School of Business Administration
Georgia Gwinnett College

1000 University Center Lane
Lawrenceville, GA 30043 USA
cgriffin14@ggc.edu
Tel. (470)389-1372

*Dr. Griffin is an Assistant Professor of Global Business at Georgia Gwinnett College

**Corresponding Author

   

 


V. Are the Vision Statements of Fortune 50 Companies Convincing? You Can Make That Decision.

 

ABSTRACT

The purpose of the study is to provide a background for describing and explaining organizational vision statements.  The corporations selected were on the 2019 Fortune 500 list.  Of that list, the researchers specifically looked at all revenues, net profits (as percentages), and vision statement word counts for the Fortune 50 companies—for 2019.   The study also looked at the vision statement word counts for all Fortune 500 companies whose net profits were equal to or greater than the top performing Fortune 10 companies—for 2019.  The findings show that the top 10 of the Fortune 50 companies have, on average, lower vision statement word counts than the rest of the firms—except for one segment (31 – 40).  These same 10 companies, had, on average, lower vision statement word counts than the other 39 Fortune 500 companies studied (i.e., who had a net profit of equal to or greater than the top performing Fortune 10 companies—for 2019).  The researchers believe that a vision statement is an important tool for every organization, and it should play a significant role in the long-term operation of any business.    A well-crafted vision statement can provide the focus and motivation to take your business to the next level—it should be easy to remember and it should inspire and motivate everyone. 

 

Keywords:  Convincing, goals, objectives, purpose, strategic intent, vision, vision statement(s)

 

by

James Ike Schaap, Ph.D.*
Adjunct (Associate) Professor

College of Business
California State University, Monterey Bay
Seaside, CA 93955
775-827-5709
jschaap@csumb.edu

(*-Corresponding author)

&

Angel F. González, Ph.D.
Assistant Professor

College of Business
California State University, Monterey Bay
Seaside, CA 93955
angelgonzalez2@csumb.edu

   

 

 
 

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