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 Fall 2004 _______________________________________________


Front Section
Letter from The Dean, Letter from The Editor, Call for Articles, Contents
 

"An Index of Leading Economic Indicators for the Fargo-Moorhead Statistical Area"
Oscar Flores
The goal in this paper is to develop and test a Leading Economic Indicators Index (LEI) to forecast the short-term behavior of the economy in the Fargo, ND-Moorhead, MN Metropolitan Statistical Area (FM)…All together [the] tests indicate that the index of local economic indicators for the FM MSA performs a respectable job at predicting changes in local employment conditions.
 

"NASPAA Accreditation: Does Membership Have Privileges?"
Charles E. Menifield and Cal Clark
Overall, employers as well as MPA program faculty were not confident that the benefits of NASPAA accreditation outweighed the efforts needed to secure it.
 

"The Impact of the USA PATRIOT Act on Business"
Dan Davidson
The USA PATRIOT Act is an extremely controversial statute.
 

"The Stock Price Reaction to Environmentally- Related Company News"
Greg Filbeck, CFA and Raymond F. Gorman
Our results indicate that announcement of an environmental award tends to produce the most consistent positive abnormal return, regardless of the type of media outlet.
 

"Diversification, Financing Decisions and Performance: An Empirical Evaluation"
Lateef A.M. Syed and Narendar V. Rao
Though the study could not find any strong evidence of a positive relationship between diversification strategy and the performance, it is observed that diversified firms are relatively better performers than their counterparts in the focused group.
 

"A Note on the Financing of Infrastructure Projects"
Narendar V. Rao
This note discussed the importance of getting an investment grade rating and the ways in which an investment grade rating could be obtained.
 

"Effects of English Grammar, Usage, Mechanics, and Spelling Instruction in College Business Communication Classes"
Brenda Sheets
Regardless of students’ gender, college ranking, or college grade point average, it may be concluded from this study that the written grammar exercises contributed no significant increase to students’ knowledge as measured by the English Grammar, Usage, Mechanics, and Spelling Test.
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