Numerous studies have documented the existence of nonlinearity within various financial time series. But how important of a finding is this? This dissertation examines this issue from a number of perspectives. First, is the nonlinearity that has been found a statistical anomaly that is isolated...

The Industrial Organization literature investigates the product market decisions of a firm while the corporate finance literature explores the financing decisions of the firm. But the truth is both the financing decisions and the product market decisions are interdependent and should be modeled...

The Nonlinear Behavior of Stock Prices:The Impact of Firm Size, Seasonality, and Trading FrequencyDebra Ann Skaradzinski(ABSTRACT)Statistically significant prediction of stock price changes requires security returns correlation with, or dependence upon, some variable(s) across time. Since a...

The dissertation consists of two essays. In the first essay, we measure herding by institutional investors in the new economy (internet) stocks during 1998-2001 by examining the changes in the quarterly institutional holdings of internet stocks relative to an average stock. More than 95% of the...

This dissertation comprises three essays on theoretical and empirical issues in industrial organization. Chapter 1 outlines the issues explored in the subsequent chapters and briefly describes their conclusions.Chapter 2 explores how product differentiation impacts the incentive compatibility...

Rational Corporate Risk Management Policy: An Extension of Traditional Risk Management Theory to Incorporate Observed Managerial BehaviorRussell Paul RoselleABSTRACTThere is qualitative and anecdotal evidence that corporate management deviates from received risk management theory. These...