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S. 488, H.R. 1343, and Section 406 of H.R. 10: Encouraging Employee Ownership

Description: This report provides background and a policy discussion of similar legislation, S. 488, H.R. 1343 (which passed the House on April 4, 2017), and Section 406 in H.R. 10, the Financial CHOICE Act, which passed the House on June 8, 2017. According to H.R. 1343's sponsor, Representative Randy Hultgren, the legislation is aimed at "eas[ing] the ability of companies to offer ownership to their ... employees."
Date: August 22, 2017
Creator: Shorter, Gary
Partner: UNT Libraries Government Documents Department

Newspaper Ownership Structure and the Quality of Local Political News Coverage

Description: This research sought to ascertain how newspaper ownership structures influence the quality of local political news coverage. More specifically, do independently owned newspapers tend to produce larger quantities of quality local political reporting than do corporately owned and publicly traded newspapers? In the thesis, I develop an understanding of "quality" news coverage as being coverage that is thematic, or providing interpretive analysis and supplying contextual information. Additionally, I tackle the question of quality news coverage from three angles: whether or not independently owned newspapers provide more quality local political news stories per edition than corporately owned papers; whether or not the percentage of quality local political news stories of total political news stories within an edition is higher for independently owned or corporately owned newspapers; and whether or not the percentage of total political news stories of total news stories is higher for independently owned or corporately owned newspapers.
Date: May 2012
Creator: Clark, Karla Christine Marie
Partner: UNT Libraries

A Comparative Study of the Experiences of both Companies and Unions with Stock Ownership Plans for Employees

Description: The purpose of this study is to gain answers an opinions from both companies offering stock ownership plans for their employees and from unions who participate or have members that participate in plans. In order to obtain answers from both companies and unions concerning plans, this study describes broadly the types of plans that are now in existence. An attempt was made to determine the most popular features of stock plans from both company and union viewpoint, and where possible, to gain recommendations leading to the formulation of more efficient and more popular plans.
Date: January 1954
Creator: McClain, Frank W.
Partner: UNT Libraries

Changes to the Residential Mortgage Market: Legislation, Demographics, and Other Drivers

Description: This report provides an overview of the changing residential mortgage market, focusing on trends in housing prices, homeownership, mortgage characteristics, and financing. It also examines legislation and regulations designed to promote the efficient functioning of the mortgage market.
Date: April 16, 2013
Creator: Weiss, N. Eric
Partner: UNT Libraries Government Documents Department

Selected Legislative Proposals to Reform the Housing Finance System

Description: The 113th Congress has seen several developments in the effort to reform the housing finance system. In the House, the Protecting American Taxpayers and Homeowners Act of 2013 (PATH Act; H.R. 2767) was ordered to be reported out of the House Financial Services Committee on July 24, 2013. This report will briefly explain the different approaches to housing finance reform offered by these legislative proposals, focusing on efforts to replace Fannie Mae and Freddie Mac and reform FHA. The report does not describe every provision of the proposals but discusses major concepts and themes.
Date: June 11, 2014
Creator: Hoskins, Sean M.; Weiss, N. E. & Jones, Katie
Partner: UNT Libraries Government Documents Department

EUV actinic defect inspection and defect printability at the sub-32 nm half pitch

Description: Extreme ultraviolet (EUV) mask blanks with embedded phase defects were inspected with a reticle actinic inspection tool (AIT) and the Lasertec M7360. The Lasertec M7360, operated at SEMA TECH's Mask Blank Development Center (MBDC) in Albany, NY, has a sensitivity to multilayer defects down to 40-45 nm, which is not likely sufficient for mask blank development below the 32 nm half-pitch node. Phase defect printability was simulated to calculate the required defect sensitivity for a next generation blank inspection tool to support reticle development for the sub-32 nm half-pitch technology node. Defect mitigation technology is proposed to take advantage of mask blanks with some defects. This technology will reduce the cost of ownership of EUV mask blanks. This paper will also discuss the kind of infrastructure that will be required for the development and mass production stages.
Date: August 1, 2009
Creator: Huh, Sungmin; Kearney, Patrick; Wurm, Stefan; Goodwin, Frank; Han, Hakseung; Goldberg, Kenneth et al.
Partner: UNT Libraries Government Documents Department

An Economic Analysis of the Homebuyer Tax Credit

Description: This report provides an economic analysis of the homebuyer tax credit. Data suggest that home prices in general may be stabilizing and that the home inventory is beginning to return to a more normal level. Given the close proximity of these improvements to when the homebuyer tax credit was enacted by the Housing and Economic Recovery Act of 2008 and first modified by the American Recovery and Reinvestment Act of 2009, one could argue that the tax credit was the cause of these improvements.
Date: December 1, 2009
Creator: Keightley, Mark P.
Partner: UNT Libraries Government Documents Department

Institutional ownership and dividend policy: A framework based on tax clientele, information signaling and agency costs.

Description: This study is an empirical examination of a new theory that links dividends to institutional ownership in a framework of both information signaling and agency costs. Under this theory put forth by Allen, Bernardo and Welch in 2000, dividends are paid out to attract tax-favored institutional investors, thereby signaling good firm quality and/or more efficient monitoring. This is based on the premise that institutions are considered sophisticated investors with superior ability and stronger incentive to be informed about the firm quality compared to retail investors. On the agency level, institutional investors display monitoring capabilities, and can detect and correct managerial pitfalls, thus their presence serves as an assurance that the firm will remain well run. The study provides a comprehensive analysis of the implications of the theory by testing various aspects of the relationship between dividends and institutional holdings. Unlike the prevalent literature on this topic, I give specific attention to the different types of institutional investors and their incentives to invest in dividend paying stocks. Moreover, I analyze the signaling and the agency effects on the market reaction to dividend initiations within the framework proposed by the theory. Finally, I test the smoothing effect institutions have on dividends by examining the firm's propensity to increase dividends given the level of institutional ownership. I find institutional holders to respond positively to dividend initiation announcements as they adjust their portfolios by buying or increasing their holdings of the dividend paying stock following the announcement. I also find that this response is displayed more strongly among tax-favored institutions. My test results also reveal that positive abnormal returns to dividend initiation announcements are a decreasing function of institutional holdings in the dividend initiating firm, and that this mitigating effect of institutional ownership on the market reaction to dividend initiations is stronger for firms ...
Date: August 2008
Creator: Zaghloul Bichara, Lina
Partner: UNT Libraries

Employee Stock Ownership Plans and the Publicly Held Corporation, a Study of Their Accounting, Financial and Economic Implications

Description: The purpose of this study is twofold. First, the results of the study are used to isolate the impact of ESOP financing on actual firms as closely as possible. This is simply to point out many of the advantages and disadvantages of ESOP financing. Second, the results of the study are used to compare the relative costs of ESOP's with other deferred employee compensation. In general, the findings indicate that ESOP's have little to offer as a means of financing for publicly held corporations, However, they may have certain advantages when used as a part of a firm's total employee compensation package. The findings indicate that accounting rules for certain types of ESOP's tend to distort per share calculation in the early years of the plan. To correct this, ESOP shares should be considered outstanding only as they become unencumbered. The study found that a definite need exists for empirical data relating to ESOP's motivational effects. This is a key factor in determining how the ESOP will affect a firm's financial structure. Further study of this aspect would provide valuable information regarding the ESOP's effect on the firm's productivity.
Date: August 1977
Creator: Hennessee, Patrick A.
Partner: UNT Libraries

Making european-style community wind power development work in theUnited States

Description: Once primarily a European phenomenon, community wind power development--defined here as one or more locally owned, utility-scale wind turbines interconnected on either the customer or utility side of the meter--is gaining a foothold in an increasing number of states throughout the United States. This article describes the various policies and incentives that Minnesota, Wisconsin, Iowa, and Massachusetts are using to support community wind power development, and how state and federal support influences the types of projects and ownership structures that are being developed. Experience in these states demonstrates that, with an array of incentives and creative financing schemes targeted at community-scale projects, there are opportunities to make community wind work in the United States.
Date: April 26, 2004
Creator: Bolinger, Mark A.
Partner: UNT Libraries Government Documents Department

The 50,000 Watt Blowtorch of the Great Southwest: The History of WBAP

Description: This paper looks at the history of WBAP while examining how programming has changed from 1922-2014 and how WBAPs audience helped shape programming at the station. This paper reveals four formatting changes throughout the stations history and provides in-depth statistical analysis of how WBAPs audience changed during the stations 90 plus years of existence.
Date: December 2016
Creator: Dixon, Chad M
Partner: UNT Libraries

An Exploration of Altruistic Behavior of Substance-Abuse Facilities According to Their Ownership Status

Description: Using the 2009 National Survey of Substance Abuse Treatment Services (N-SSATS), this paper uses logistic regressions to explore the effect of facility ownership on a facility’s show of altruism. Facility’s show of altruism is operationalized as a facility offering free treatment to all its clients, free treatment to some of its clients, or a facility offering a sliding fee scale to its client base in order to absorb some of the cost of treatment based on a potential client's income. Region, receipt of public funds, and religious affiliation are added as covariates in order to gauge whether the potential relationship between facility ownership and a facility’s show of altruism is genuine. Results indicate that private, for-profit ownership status of a facility is associated with a lower likelihood that a substance-abuse treatment facility would engage in altruistic behavior. However, receipt of public funds acts as a mediating variable, in that, its inclusion raises the likelihood that a private, for-profit facility would engage in shows of altruism. Furthermore, it appears that religious-affiliation increases the likelihood that a facility would display altruism by providing free treatment, to some of its clients, or to all, but less likely to display altruism by employing a sliding fee scale. Overall, inclusion of region, receipt of public funds, and religious affiliation all produce statistically significant results, along with facility ownership. This suggests that there are a variety of variables, apart from facility ownership alone, that might be influential over a facility's show of altruism.
Date: December 2011
Creator: Galanova, Yekaterina (Katherine) Yur'Yevna
Partner: UNT Libraries

Protocol for Appraisal of Petroleum Producing Properties on Native American Tribal Lands

Description: Petroleum is currently produced on Native American Tribal Lands and has been produced on some of these lands for approximately 100 years. As these properties are abandoned at a production level that is considered the economic limit by the operator, Native American Tribes are considering this an opportunity to assume operator status to keep the properties producing. In addition to operating properties as they are abandoned, Native American Tribes also are assuming liabilities of the former operator(s) and ownership of equipment left upon abandonment. Often, operators are assumed by Native American Tribes without consideration of the liabilities left by the former operators. The purpose of this report is to provide protocols for the appraisal of petroleum producing properties and analysis of the petroleum resource to be produced after assuming operations. The appraisal protocols provide a spreadsheet for analysis of the producing property and a checklist of items to bring along before entering the property for onsite appraisal of the property. The report will provide examples of some environmental flags that may indicate potential liabilities remaining on the property left unaddressed by previous operators. It provides a starting point for appraisal and analysis of a property with a basis to make the decision to assume operations or to pursue remediation and/or closure of the liabilities of previous operators.
Date: April 27, 1999
Partner: UNT Libraries Government Documents Department

The Rise of Federally Funded Research and Development Centers

Description: Federally funded research and development centers (FFRDCS) area unique class of research and development (R and D) facilities that share aspects of private and public ownership. Some FFRDCS have been praised as national treasures, but FFRDCS have also been the focus of much criticism through the years. This paper traces the history of FFRDCS through four periods: (1) the World War II era, which saw the birth of federal R and D centers that would eventually become FFRDCS; (2) the early Cold War period, which exhibited a proliferation of FFRDCS despite their unclear legislative status and growing tension with an increasingly capable and assertive defense industry, (3) there-evaluation and retrenchment of FFRDCS in the 1960s and early 1970s, which resulted in a dramatic decline in the number of FFRDCS; and (4) the definition and codification of the FFRDC entity in the late 1970s and 1980s, when Congress and the executive branch worked together to formalize regulations to control FFRDCS. The paper concludes with observations on the status of FFRDCS at the end of the twentieth century.
Date: September 1, 2000
Creator: DALE,BRUCE C. & MOY,TIMOTHY D.
Partner: UNT Libraries Government Documents Department

Government Assistance for GMAC/Ally Financial: Unwinding the Government Stake

Description: This report explains the governments relationship with Ally Financial (formerly known as General Motors Acceptance Corporation, or GMAC). Under the Troubled Assets Relief Program (TARP) the government purchased preferred shares in Ally Financial, acquiring a 73.8% ownership state. This report discusses the reasoning behind this assistance to Ally and the ultimate costs.
Date: September 3, 2014
Creator: Webel, Baird & Canis, Bill
Partner: UNT Libraries Government Documents Department

Personality Characteristics Associated with Pet Ownership: Validating the Theoretical Propositions of Boris Levinson

Description: The purpose of the present study was to provide validation for Levinson's theory about pets and human personality development. Levinson (1978) proposed that the personality development of individuals who have pets to which they are attached differs from that of those who do not have pets and that pets play an important role in facilitating the development of certain adaptive personality traits. In the present study, specific areas that were addressed included differences in certain personality characteristics between life-long pet owners who were strongly attached to their pets, life-long pet owners who were less strongly attached to their pets, and people who had owned pets for only a limited period of time in their lives. One hundred undergraduates completed the Pet Attitude Scale, the Tennessee Self Concept Scale, the Personality Research Form - Form E, the Hogan Empathy Scale, the Fundamental Interpersonal Relations Orientation - Behavior (FIRO-B), and the IPAT Anxiety Scale Questionnaire. No significant differences were found between the three pet owner groups in levels of affiliation with other people, impulse control, nurturance, succorance, capacity for empathy, and anxiety levels. In addition, no significant differences were found between the three pet owner groups in interpersonal behavior characteristics or self-esteem. Concurrent validity was shown between membership in the different pet owner groups and positive attitudes toward pets as measured by the Pet Attitude Scale. As predicted, the most attached life-long pet owners reported more positive attitudes toward pets than the least attached life-long pet owners or the limited-time pet owners.
Date: August 1990
Creator: Esparza, Jana Scoville
Partner: UNT Libraries

Cuba’s Offshore Oil Development: Background and U.S. Policy Considerations

Description: This report first examines Cuba’s oil sector, including current production and consumption levels. It then looks at Cuba’s offshore development, including the Repsol project, other offshore projects involving state-owed foreign oil companies, and the outlook for Cuba’s offshore oil production. The report then analyzes considerations for the United States raised by Cuba’s offshore oil development, examining oil spill risks and environmental dangers if spilled oil reaches U.S. waters, the status of disaster coordination between the United States and Cuba, and potential approaches on the issue. The report then examines the debate over broader U.S. involvement in Cuba’s offshore oil development, and touches on two outstanding boundary issues related to Cuba’s offshore oil development. Finally, the report examines legislative initiatives that have been advanced to deal with Cuba’s offshore oil development.
Date: May 20, 2011
Creator: Nerurkar, Neelesh & Sullivan, Mark P.
Partner: UNT Libraries Government Documents Department

A comparative analysis of business structures suitable forfarmer-owned wind power projects in the United States

Description: For years, farmers in the United States have looked with envy on their European counterparts' ability to profitably farm the wind through ownership of distributed, utility-scale wind projects. Only within the past few years, however, has farmer- or community-owned wind power development become a reality in the United States. The primary hurdle to this type of development in the United States has been devising and implementing suitable business and legal structures that enable such projects to take advantage of tax-based federal incentives for wind power. This article discusses the limitations of such incentives in supporting farmer- or community-owned wind projects, describes four ownership structures that potentially overcome such limitations, and finally conducts comparative financial analysis on those four structures, using as an example a hypothetical 1.5 MW farmer-owned project located in the state of Oregon. We find that material differences in the competitiveness of each structure do exist, but that choosing the best structure for a given project will largely depend on the conditions at hand; e.g., the ability of the farmer(s) to utilize tax credits, preference for individual versus ''cooperative'' ownership, and the state and utility service territory in which the project will be located.
Date: November 11, 2004
Creator: Bolinger, Mark & Wiser, Ryan
Partner: UNT Libraries Government Documents Department

A Comparative Analysis of Community Wind Power DevelopmentModels

Description: For years, farmers in the United States have looked with envy on their European counterparts ability to profitably farm the wind through ownership of distributed, utility-scale wind projects. Only within the past few years, however, has farmer- or community-owned windpower development become a reality in the United States. The primary hurdle to this type of development in the United States has been devising and implementing suitable business and legal structures that enable such projects to take advantage of tax-based federal incentives for windpower. This article discusses the limitations of such incentives in supporting farmer- or community-owned wind projects, describes four ownership structures that potentially overcome such limitations, and finally conducts comparative financial analysis on those four structures, using as an example a hypothetical 1.5 MW farmer-owned project located in the state of Oregon. We find that material differences in the competitiveness of each structure do exist, but that choosing the best structure for a given project will largely depend on the conditions at hand; e.g., the ability of the farmer(s) to utilize tax credits, preference for individual versus cooperative ownership, and the state and utility service territory in which the project will be located.
Date: May 20, 2005
Creator: Bolinger, Mark; Wiser, Ryan; Wind, Tom; Juhl, Dan; Grace, Robert & West, Peter
Partner: UNT Libraries Government Documents Department