Jon L. Mansfield
- Résumé
Education
- Georgia State University
- Degree: Doctor of Philosophy,
August 1992
- Major: Economics
- Fields: Monetary economics,
International Trade & Finance, Macroeconomics, Econometrics
- Dissertation: The
Effects of SFAS No. 8 & No. 52 on Multinational Company Stock
Returns: 1973-1982
-
- Georgia State University
- Degree: Bachelor of Business
Administration, June 1983
- Major: Finance
Employment
Assistant Professor, Andrew
Young School of Policy Studies, Georgia State University (1997 - present)
- Full responsibility and authority
for class structure, syllabus, examinations, lectures. and grading
in MBA Economics classes;
- Designed Economics for
Managers, combining micro and macro, for Regular and Executive
MBA classes in our transition from quarters to semesters;
- Designed and delivered Economics
for Managers over the Web;
- Designed both the graduate
and undergraduate levels of Economics and the Internet: Technology
in the Economy, Markets, and Firms for the Andrew Young School
and the Institute of E-Commerce in the Robinson College of Business;
- Currently designing MBA Economics
of Global Finance and delivery of Principles of Macroeconomics
courses over the Web.
Business Consultant, Intercon (1992 - present)
- Evaluation, recommendation,
and installation of computer systems (both hardware and software);
- Design and implementation
of a customized client information system with standardized templates
and appropriate databases;
- Research of appropriate marketing
materials and direction of graphic design process;
- Economic and financial analysis
of business operations;
- Management of accounting and
bookkeeping functions (including payroll and taxes);
- Preparation of regulatory
and financial materials for incorporation;
- Design of employee training
for transition to incorporation.
Instructor, College of Business
Administration, GSU
(1988-1996)
- Full responsibility and authority
for class structure, syllabus, examinations, lectures, and grading
in Principles of Macroeconomics, Intermediate Macroeconomics,
Money & Credit, International Trade & Finance,
and Monetary Economics classes.
Graduate Research Assistant,
Department of Economics, GSU
(1984-1988)
- Assisted Professors in funded
and non-funded research, gathering data and information for published
articles, textbooks, and presentations on a variety of topics.
Institutional Trader &
Analyst, Henderson Few
& Company (1982-1984)
- Account Executive, Research
and Corporate Trading; analyzed general market, portfolios, and
individual securities, maintained syndication records, and coordinated
trades for municipal and Treasury accounts; organized and implemented
Municipal Bond Fund Services; developed and presented prospectuses
for municipal bond offerings.
The
Effects of SFAS No. 8 & No. 52 on Multinational Company Stock
Returns: 1973-1982
This paper concerns the effects
of changes in foreign currency accounting standards on the returns
of multinational company stocks. The purpose of this study is
to detect the announcement effects based on the actual data available
from market returns. The main issue here is whether the announcements
of changes in accounting regimes had changed the market's perception
of the attractiveness of affected firms, thereby resulting in
changes in returns.
This study analyzes the daily
returns of 210 multinational companies, divided into 30 groups
by SIC code, to determine the effects from events relating to
foreign currency accounting standards, specifically, Statement
of Financial Accounting Standards No. 8 and No. 52. Using a Generalized
Least Squares estimation procedure, the average mean return and
the average systematic risk for each group were tested for a reaction
to six Financial Accounting Standards Board events and 14 events
from The Wall Street Journal.
The results of this study are
consistent with the previous literature and indicate that changes
in the accounting standard for foreign currency translation did
not have an impact on the returns of multinational companies as
a group. Also, after conducting a comparison of the same events
as reported by the Financial Accounting Standards Board and The
Wall Street Journal, the results indicate that neither had a more
significant effect on security returns than the other.
