This thesis presents two essays in Corporate Finance. In the first essay, I use the August 2007 crisis episode to gauge the effect of financial contracting on real firm behavior. I identify heterogeneity in financial contracting at the onset of the crisis by exploiting ex-ante variation in...

This paper reports on the trading behavior of major participants, investment trust companies, banks, and foreigners in South Korea in the period after the currency markets were liberalized and the limits on foreign investments were lifted. It was found that trading in the spot currency market...

Self management of natural resources has started to gain increasing attention as an alternative tool to command-and-control and market-based tools, but the fundamental question remains: is self management economically beneficial such that it should be promoted in the first place? This article...

In recent years, the Center for Energy and EnvironmentalPolicy (CEEP), working with affiliated academic andresearch institutions in the U.S. and East Asia, hasinvestigated the technical and economic feasibility of usingdispatchable photovoltaic (DPV) systems in distributedpeak-shaving (PS)...

Streamlining the supplier base is a common approach in many US and UKmanufacturing companies. However, is this approach being adopted in Germany asfast as it has in the UK? This paper describes research that answers thisquestion and investigates how German companies are managing contacts with...

The economic performances of North and South Korea over the past decade have differed significantly. This is largely due to the government policies of the two countries, which affect business in conflicting ways. Despite the differences in economic growth, there are a number of similarities...

StarLink disrupted the U.S. corn market during the 2000/01 marketing year as a result of inadvertent commingling. The potential, upper-bound volume of marketed StarLink-commingled corn from the 2000 crop located near wet and dry millers prior to October 1, 2000, is estimated at 124 million...