One simple question - why people buy houses - is perhaps one of the most recurring and intriguing themes on research surface in housing. In the US, nearly two-thirds of the population owns houses (Tracy and Schneider (2001)). Optimal decision-making entails efficient risk management or hedging...

If India were to participate in any international effort towards mitigating CO2 emissions, the power sector which is one of the largest emitters of CO2 in the country would be required to play a major role. In this context the study estimates the marginal abatement costs, which correspond to the...

An overwhelmingly large number of research studies in corporate Finance span the basis formed by chiefly three corporate policies - Financial policy (leverage), dividend policy, and investment policy. The two most oft-cited frictions, agency issues and asymmetric information, add complexities to...

Using data on anti-takeover provisions (ATPs) and top management characteristics hand-collected from IPO prospectuses, we analyze the effect of the pre-IPO innovativeness and the top management quality of private firms on the number and strength of ATPs in IPO firm charters. We test the...

Using hand-collected data on top management team human capital (“management quality”) of a large sample of private firms, we analyze the effect of top management quality on pre-IPO innovativeness and the innovation strategies of these firms. We also analyze how management quality and pre-IPO...

I examine the effect of mortgage debt on mobility. The Tax Reform Act, 1986 (TRA), which eliminated the tax deductibility of all personal loans except for mortgage interest payments, increased the after-tax cost of other personal loans, which presented homeowners with an incentive to increase...