Theses and Dissertations from UMD

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New submissions to the thesis/dissertation collections are added automatically as they are received from the Graduate School. Currently, the Graduate School deposits all theses and dissertations from a given semester after the official graduation date. This means that there may be up to a 4 month delay in the appearance of a give thesis/dissertation in DRUM

More information is available at Theses and Dissertations at University of Maryland Libraries.

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2004 - 200912010 - 20141

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    When do targets' past financial results matter most to acquirers? The role of disruption of targets' existing operations
    (2014) Rabier, MaryJane Raffaella; Kimbrough, Michael D; Business and Management: Accounting & Information Assurance; Digital Repository at the University of Maryland; University of Maryland (College Park, Md.)
    A target's past earnings and past earnings quality are informative about the performance of its stand-alone operations while its book value is informative about its adaptation value, which is the potential value from alternative uses of its resources. The information in past earnings and past earnings quality about a target's stand-alone operations is likely to be more important to acquirers that intend to keep the target's operations intact post-merger while the information in book value about its adaptation value is likely to be more important to acquirers that anticipate significant disruption of the target's operations. Using acquirer industry classification and a self-constructed index as alternative approaches to measuring anticipated disruption of target operations, I find evidence consistent with these predictions. Specifically, I find that acquirers assign greater discounts to targets' pre-merger earnings performance and pre-merger earnings quality in setting their bids as anticipated disruption of targets' operations increases. In addition, acquirers place greater weight on targets' pre-merger book values in setting their bids as anticipated disruption increases. These findings provide important insights into the conditions under which particular types of accounting information are most useful in the merger context.
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    Immigrant-Native Differentials in Multiple-Earner Strategies and Household Poverty
    (2004-08-12) Kennedy-Puthoff, Alexa Kjestine; Bianchi, Suzanne M.; Sociology; Digital Repository at the University of Maryland; University of Maryland (College Park, Md.)
    Using data from the U.S. Census Bureau's 2001 Supplementary Survey, this thesis addresses poverty at the household level and examines the role of secondary earners in alleviating household poverty. Descriptive analyses assess the extent of poverty among native- and foreign-born households as well as the prevalence of secondary earners in each household. Multivariate analyses follow Jensen's (1991) conceptualization of "amelioration," that is, the ability of secondary earners to raise household income above the poverty line. The analyses highlight the importance of considering household composition in studies of poverty. The central research question posed is: is the ameliorative effect of secondary earners greater in foreign-born than in native-born households? The results suggest that secondary earners are more important in alleviating poverty in low-income foreign-born households than in low-income native-born households (households that are below the poverty threshold on the basis of the primary earner's earnings alone).