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Alaska Native Corporations, The Long...

Snigaroff, Robert G.

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Alaska Native Corporations, The Long Run.

Record Type:	Electronic resources : Monograph/item
Title/Author:	Alaska Native Corporations, The Long Run./
Author:	Snigaroff, Robert G.
Published:	Ann Arbor : ProQuest Dissertations & Theses, : 2019,
Description:	170 p.
Notes:	Source: Dissertations Abstracts International, Volume: 81-04, Section: A.
Contained By:	Dissertations Abstracts International81-04A.
Subject:	Economics. -
Online resource:	https://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=22617333
ISBN:	9781687907585

Alaska Native Corporations, The Long Run.
Snigaroff, Robert G.

Alaska Native Corporations, The Long Run. - Ann Arbor : ProQuest Dissertations & Theses, 2019 - 170 p.

Source: Dissertations Abstracts International, Volume: 81-04, Section: A.

Thesis (Ph.D.)--University of Alaska Fairbanks, 2019.

.

Alaska Native Corporations as formed by the Alaska Native Claims Settlement Act (ANCSA) have existed for almost fifty years. As with all businesses, their results are mixed. Alaska Native Corporations (ANCs) are unique. After a brief overview of ANCs' results, I study several issues that pertain to them in a manuscript format with several chapters. Business stability and longevity are crucial for ANCs, and I discuss that, given a common mission of ANCs for cultural continuation. While most of the following is a positive analysis, I also make a normative strategy argument: ANCs should make larger portions of their economic activity in the form of endowment models. A separate matter is many ANCs have portfolios of diversified operating businesses. I review other investors' results in private equity investments opportunities. The average investor has done fairly poorly. This provides a cautionary warning to the pursuit of such strategies for ANCs and other institutional investors. Another business model alternative for ANCs are endowment models with marketable securities, hence, I study stock return characteristics. Interestingly, the way stocks can be broken out into their core return components allows study of an ANC issue. Alaska Native shareholders have made a trade-off between cultural continuation and higher monetary value realization if they did sell their shares. Of the approximately one hundred fifty ANCs, none has done so. Marketable security returns partly consist of a liquidity component. That has applicability to ANCs as they have willingly ceded the liquidity value of their shares for their goal of cultural continuation.

ISBN: 9781687907585Subjects--Topical Terms:

517137
Economics.
Subjects--Index Terms:

Alaska native companies

Alaska Native Corporations, The Long Run.
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245 1 0 $a Alaska Native Corporations, The Long Run.
260 1 $a Ann Arbor : $b ProQuest Dissertations & Theses, $c 2019
300 $a 170 p.
500 $a Source: Dissertations Abstracts International, Volume: 81-04, Section: A.
500 $a Advisor: Little, Joseph;Koskey, Michael.
502 $a Thesis (Ph.D.)--University of Alaska Fairbanks, 2019.
506 $a .
520 $a Alaska Native Corporations as formed by the Alaska Native Claims Settlement Act (ANCSA) have existed for almost fifty years. As with all businesses, their results are mixed. Alaska Native Corporations (ANCs) are unique. After a brief overview of ANCs' results, I study several issues that pertain to them in a manuscript format with several chapters. Business stability and longevity are crucial for ANCs, and I discuss that, given a common mission of ANCs for cultural continuation. While most of the following is a positive analysis, I also make a normative strategy argument: ANCs should make larger portions of their economic activity in the form of endowment models. A separate matter is many ANCs have portfolios of diversified operating businesses. I review other investors' results in private equity investments opportunities. The average investor has done fairly poorly. This provides a cautionary warning to the pursuit of such strategies for ANCs and other institutional investors. Another business model alternative for ANCs are endowment models with marketable securities, hence, I study stock return characteristics. Interestingly, the way stocks can be broken out into their core return components allows study of an ANC issue. Alaska Native shareholders have made a trade-off between cultural continuation and higher monetary value realization if they did sell their shares. Of the approximately one hundred fifty ANCs, none has done so. Marketable security returns partly consist of a liquidity component. That has applicability to ANCs as they have willingly ceded the liquidity value of their shares for their goal of cultural continuation.
590 $a School code: 0006.
650 4 $a Economics. $3 517137
650 4 $a Sociology. $3 516174
650 4 $a American studies. $3 2122720
650 4 $a Native American studies. $3 2122730
653 $a Alaska native companies
653 $a Earnings
653 $a Endowments
653 $a Liquidity
653 $a Private equity
690 $a 0501
690 $a 0626
690 $a 0323
690 $a 0740
710 2 $a University of Alaska Fairbanks. $b Economics. $3 3189086
773 0 $t Dissertations Abstracts International $g 81-04A.
790 $a 0006
791 $a Ph.D.
792 $a 2019
793 $a English
856 4 0 $u https://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=22617333