Current issue

College of Business E-Journal 

Fall 2020 Volume XV, Issue III

ISSN  number 2158-303X


I. The Balance Sheet Healthcare Model for African American Communities



Appalled by the over-representation of the African-American community with diseases of the heart, lungs, blood, liver, kidneys, and intestines this paper presents an innovative model, Balance Sheet Healthcare Model, using an accounting framework as a way of thinking about the body and the effects of food consumption choices, to control and lower healthcare costs and increase individual’s wellbeing.


Winifred D. Scott, PhD, CPA
Associate Professor of Accounting

Department of Accounting & Finance
Jack H. Brown College of Business and Public Administration
CSU San Bernardino



II. Do Fortune 50 Companies Have Compelling Mission Statements?  We will let you decide!



The purpose of this study is to present a background that describes and explains organizational mission statements.  From a design standpoint, the corporations selected, via the Internet, were listed on the 2019 Fortune 500 list.  Of that list, we specifically looked at all the revenues, net profits (i.e., shown in percent), and mission statement word counts of the Fortune 50 companies—for 2019.   We also looked at the mission statement word counts for all Fortune 500 companies who had a net profit, shown in percent, of equal to or greater than the top performing Fortune 10 companies—for 2019.  Our findings showed that the top 10 of the Fortune 50 companies (i.e., as determined by net profit, shown in percent), have, on average, lower mission statement word counts than the rest of the Fortune 40 firms.  These same 10 companies, have, on average, lower mission statement word counts than the other 39 Fortune 500 companies (i.e., who had a net profit, shown in percent, of equal to or greater than the top performing Fortune 10 companies—for 2019).  We believe that the mission statement is an important tool for every organization.  It should play a significant role in the operation of any business.    A well-crafted mission statement can provide the focus and motivation you need to take your business to the next level.  It should be easy to remember and it should inspire and motivate everyone. 

Keywords:  Compelling, goals, mission, mission statement, objectives, purpose, strategic intent  



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

College of Business
California State University, Monterey Bay
Seaside, CA 93955
(*-Corresponding author)

Joshua Lawrence Schaap
Graduate Student

University of Texas, Dallas
Richardson, TX 75080









Key Words: Perception, Discourse, Measuring Leadership, Political, Leadership, Dangerous Behavior, Decision-making, Cognitive Judgment, Communication, Stimulate, Arousal

Abstract: In present-day, one of the most subtle means political leaders use to influence their base of supporters is through verbal communication. With this in mind, research shows that over the past two years, some political leaders have increasingly relied on “transferring their perception onto their base of followers, which often negatively stimulates, arouses and shapes an individual’s performance” (decision-making and behavior). In addition, to the detriment of our society, when political leaders transfer their perception onto their base of followers, they often misjudge the sensitive consequences of their prospective outcomes. Here for the first time, research now shows that a displaced thought process is attributed to the underlying stimulation used to arouse the transfer of one’s perception onto others. Therefore, because the “Dangerous behavior” following the transfer of one’s perception has become so prevalent in our society, such performance warrants immediate exploration.



Vincent Jemison Ph.D.*
Department of Management in Organizational Leadership,
University of Phoenix, Arizona






The Tax Cuts and Jobs Act of 1917 (TCJA) amended the Internal Revenue Code of 1986 and significantly lowered the corporate tax rate, in addition to providing other tax incentives to spur corporate investments. The TCJA has the potential to impact corporate cash flows and corporate investment and financing decisions. In response to the TCJA, firms could enhance their capital expenditure budgets, return excess capital to shareholders, and/or hold excess capital for better opportunities in the future. Using S&P 500 firms as a sample, this study finds no statistical difference in the actual corporate taxes paid in the post-and pre-TCJA periods, which may be due to many factors, including earnings management and a new tax on multinationals’ foreign income. Regardless, U.S. corporations significantly increased their capital expenditures following the tax cuts. Although this finding is consistent with the Act’s intent, higher capital expenditures coincided with higher borrowing and higher dividend payments and share repurchases, implying that both investments and repurchases were primarily debt financed. Overall, the study finds significant changes in corporate investment and financing behavior after the TCJA of 2017.




Rakesh Duggal
Professor of Finance

Southeastern Louisiana University
Hammond, LA 70403




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