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Measurement error in the returns/earnings association: Diagnosis and remedies
Machuga, Susan Marie - 1996
A primary focus of empirical earnings research is whether accounting earnings contain meaningful and timely information … that can be used by market participants to value securities. Empirically, accounting earnings numbers are considered to be …
Persistent link: https://www.econbiz.de/10009467814
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Entrepreneurial activity in markets with imperfections
Silveira, Rafael - 2007
This dissertation consists of three essays concerning entrepreneurship, venture capital and monetary economics. It takes time for a venture capitalist to find a project in which to invest, to implement projects and to cash out. Further, capitalists and entrepreneurs are uncertain about whom they...
Persistent link: https://www.econbiz.de/10009438446
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Essays on corporate finance and financial institutions
Yan, Jinghua - 2007
The dissertation consists of four chapters. The first chapter presents a model that incorporates product market competition into the standard neoclassical framework. The model explains why value-maximizing firms conduct mergers that appear to lower shareholder value. In a Cournot setting, the...
Persistent link: https://www.econbiz.de/10009438450
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Essays in discrete time asset pricing
Polimenis, Vassilis - 2001
Most discrete time literature uses the beta that results from a regression of an asset's simple returns on various factors to quantify risk. The departing point for this thesis is the consistent use of log-returns. When log-returns are considered, the relevant measure of systematic risk becomes...
Persistent link: https://www.econbiz.de/10009438502
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Essays on internal capital markets
Mon, Myat - 2011
My dissertation investigates the internal capital allocation decision of a multidivision firm by building a model and testing the theoretical predictions using segment level investment data. It contains three chapters. The first chapter studies how distortions in internal capital allocations can...
Persistent link: https://www.econbiz.de/10009438725
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Essays on financial and monetary economics
Licari, Juan Manuel - 2007
the properties of the so-called law of motion, we provide sufficient conditions to guarantee existence, determinacy, and …
Persistent link: https://www.econbiz.de/10009438808
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Essays on asset pricing and financial econometrics
Kang, Qiang - 2002
The dissertation is focused on studying the behavior of aggregate asset market and its relationship to real economic activity. Chapter 1 offers a new empirical perspective on the relationship between the conditional mean and volatility of stock returns. Chapter 2 builds a general equilibrium...
Persistent link: https://www.econbiz.de/10009438918
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Some financial implications of United States pension actuarial methods and assumptions
Gold, Jeremy - 2000
extensions of actuarial principles to pension accounting and law influenced all aspects of corporate pension plan financial … management while ignoring and contradicting contemporaneous developments in finance. This has distorted the accounting, tax and … finance lessons of Black (1980) and Tepper (1981) to "cash balance" pension plans, concluding that these plans can best serve …
Persistent link: https://www.econbiz.de/10009439129
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Structural incentives to overborrow and overlend: The international debt crisis in perspective
Sader, Frank - 1995
The emergence of the international debt crisis in the 1980s is typically explained through exogenous shocks to the global economic system, first generating excess liquidity and then creating conditions which render previously attractive lending operations unprofitable. Thus, the international...
Persistent link: https://www.econbiz.de/10009467834
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Three essays on emerging capital markets
Ismailescu, Iuliana - 2008
With recent trends toward globalization and capital market integration, emerging markets have increasingly become the target of many investors in search for higher returns. Before placing their money abroad, however, investors need to bear considerable challenges in mind. While investments in...
Persistent link: https://www.econbiz.de/10009467962