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Why Johnny Can’t Choose: Economic Illiteracy in America

Ashok K. Gupta, Ohio University

Economic literacy is imperative for democracy to function effectively. Economically illiterate citizens are likely to feel left out of public debate and conversation, about what is happening in the economy, how economic forces and decisions are going to affect them, which way to vote, and what to do about them. What can economists do?
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Planning in a Lingering Economic Recession

Adrian "Ed" Edwards, Western Michigan University

This interim dean discusses the funding challenges created by a slow economy and reduced state support.
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New Century Challenges and Executive Success

Stefan Anderson, Chairman Emeritus, First Merchants Corporation

Integrity is the habit of making the moral choices daily and consistently, especially under difficult conditions.
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Current NASDAQ Corporation Methods of Reporting Comprehensive Income

Ganesh M. Pandit, Adelphi University
Allen Rubenfield, Clark Atlanta University
Jeffrey J. Phillips, Clark Atlanta University

The authors sample 100 annual reports of companies traded on the NASDAQ to find that the dominant method for reporting comprehensive income is to include it as part of the Statement of Stockholders’ Equity.
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Stock Market Reactions and Firm Performance Surrounding CEO Succession: Antecedents of Succession and Successor Origin

Jong C. Rhim, University of Southern Indiana
Joy V. Peluchette, University of Southern Indiana
Inam Song, Daejeon University

Using a market signaling framework, the authors study stock market response to the expected financial performance of the firm at the announcement of CEO succession. They also study the impact of hiring an inside vs. outside CEO and anticipated vs. unanticipated succession on financial performace.
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Adaptive Selling Behavior: Adding Depth and Specificity to the Range of Adaptive Outputs

James A. Eckert, Western Michigan University

The author expands the adaptive selling model to achieve two objectives. First, to make the model more suitable as an organizing framework and to make future theory testing easier. Second, to add specificity to the basic advice, “be adaptive,” by offering the range of options for being adaptive.
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Dual-Class Companies: Do Inferior Voting Shares Make Inferior Investments?

Judith Swisher, Western Michigan University

This article addresses the question that confronts investors with respect to dual-class firms (e.g. Google): “Are inferior voting shares inferior investments?” Results of the study show that investors in inferior-voting shares do not earn abnormally low risk-adjusted returns.
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