RECENT HEADLINE

Dr. John K. Paglia, lead research for the Pepperdine Private Capital Markets Project and an associate professor of finance at the Graziadio School of Business and Management, was awarded the third annual Middle Market Thought Leader Award. The recognition honors “individuals who have made a meaningful contribution to middle market M&A” and was given by the Alliance of Merger & Acquisition Advisors (R) (AM&AA), the leading association and credentialing body for middle market M&A professionals in partnership with Grant Thornton LLP, one of the six global audit, tax and advisory organizations.

Paglia tied for the award with investment banker Robert Slee, author of the text Private Capital Markets, who collaborate with the Pepperdine professor in 2007 on a model to map the movements of both lenders and businesses that comprise the ever-changing private capital market system.

This became the Pepperdine Private Capital Markets Project, the first simultaneous, comprehensive, and on-going investigation of the major private capital market segments. The research has resulted in 11 reports since its inception in 2009. Most recently, collaborating in part on surveys with Dun & Bradstreet Credibility Corp., Paglia issued a 2012 U.S. Economic Forecast, State of Small Business Report, Capital Markets Report and California State of Small Business Supplement. continue

RESEARCH

Insights from Small and Mid-Sized Private Businesses

For the second year, the Pepperdine Private Capital Markets Project and Graziadio School of Business and Management asked private business owners for their projections on how well the U.S. economy will perform. With over 99% of companies being privately-held, the American economy is dependent upon the success of these businesses. Lead researcher and associate professor of finance Dr. John Paglia queried business owners on such topics as confidence in their business growth prospects, hiring, job creation, impediments to U.S. gross domestic product, and government economic policies and their impact on business health in 2012.

The PDF report is now available. continue

PRESS RELEASES

Pepperdine Private Capital Market Project Research Conducted in Partnership with Dun & Bradstreet Credibility Corp. Release Findings from Survey of 3,118 Private Businesses

LOS ANGELES–Only 33% of privately-held businesses owners support raising the debt ceiling this year, while 45% say the government should never raise the limit, according to survey results released in the 2012 Economic Forecast conducted by Pepperdine University’s Private Capital Markets Project and Graziadio School of Business and Management in partnership with Dun & Bradstreet Credibility Corp. The report comes as the nation’s legislators grapple with the President’s request to increase the debt ceiling by an additional $1.2 trillion and today’s vote in the House.

Download forecast: http://bschool.pepperdine.edu/2012economicforecast

In the survey conducted over the first two weeks of the New Year, 23% of the 3,118 small and medium privately-held businesses that responded support a debt limit increase in the first half of 2012 and 10% support an increase in the second half of 2012. Looking further in the future, 9% of respondents favored 2013, 4% indicated 2014, only 2% 2015 and 7% favored 2016 as the earliest they could support an increase to the debt ceiling. continue

PRESS RELEASES

Pepperdine’s Graziadio School of Business and Management and Dun & Bradstreet Credibility Corp. to Collaborate on Research Regarding Access to Capital for Private Businesses and National Economic Forecasts

LOS ANGELES–Pepperdine University’s Private Capital Markets Project and Graziadio School of Business and Management announces a national partnership with Dun & Bradstreet Credibility Corp. focused on the development of research on the national economy as well as private capital access for small and medium sized businesses.

The first part of the partnership between both organizations will involve a national annual economic forecast. This represents the continuation of ongoing research by Dr. John K. Paglia, lead researcher for the Pepperdine Private Capital Markets Project and an associate professor of finance at the Graziadio School. Dr. Paglia’s previous economic forecast analysis has predicted GDP and employment trends with greater accuracy than research from the U.S. Federal Reserve, the Congressional Budget Office and the White House.

“We expect to give small and medium size business owners in every community in the country an opportunity to share their challenges and successes in finding capital from a variety of sources and then benefit from the aggregate data,” added Pepperdine’s John Paglia. continue

RESEARCH

A “make-up call” is a particularly enigmatic type of potential referee bias in sports. Such a call could take many forms such as a wrong call to balance a prior wrong call or a questionable call to balance a prior questionable call. Motivation for a referee’s make-up call may derive from the rationalization that “two wrongs make a right,” from crowd or team pressures, or from a league’s explicit or implicit incentives.

In an award-winning paper, Dr. Paul Gift investigates whether elite, highly-trained, and highly-monitored NBA referees may consciously or subconsciously be affected by such factors using play-by-play data of over 1.2 million possessions from 6,538 games played during five seasons from 2006-2011.

The study won Best Paper in its session at the recent Academy of Business Research 2011 Winter Conference in Las Vegas. The Academy of Business Research is an international society of scholars and practitioners who exchange ideas and collaborate in a conference setting. continue