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11.432J / 15.427J Real Estate Finance & Investments II: Macro-Level Analysis & Advanced Topics, Spring 2003
Geltner, David; Mcgrath, William Tod - 2003
presents some of the major concepts, principles, analytical methods and tools useful for making investment and finance … estate terminology presented in the earlier course if they are not already familiar with basic real estate finance and …
Persistent link: https://www.econbiz.de/10009432644
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Two Essays on Asset Pricing
Hur, Jungshik - 2007
This dissertation consists of two chapters. The first chapter shows that the measurement errors in betas for stocks induce corresponding measurement errors in alphas and a spurious negative covariance between the estimated betas and alphas across stocks. This negative covariance between the...
Persistent link: https://www.econbiz.de/10009433962
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Return Predictability Conditional on the Characteristics of Information Signals
Pritamani, Mahesh - 1999
This dissertation examines whether simultaneously conditioning on themultidimensional characteristics of information signals can help predict returnsthat are of economic significance. We use large price changes, publicannouncements, and large volume increases to proxy for the...
Persistent link: https://www.econbiz.de/10009434028
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Two Essays on Ownership and Market Characteristics
Chen, Honghui - 1999
Theoretical models suggest that ownership structure may be an important determinant of securities' market characteristics. For example, the presence of informed traders leads to greater bid-ask spreads (Copeland and Galai (1983), and Glosten and Milgrom (1985)), and strategic trading of informed...
Persistent link: https://www.econbiz.de/10009434106
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Internal Control Mechanisms and Forced CEO Turnover: An Empirical Investigation
Jagannathan, Murali - 1996
The dissertation empiricallyexamines the efficacy of internalcontrol mechanisms by analyzing 94forced turnovers of chief executiveofficers (CEOs). It seeks to answertwo primary questions: One, dogovernance-related characteristicsinfluence the promptness with whichpoorly-performing CEOs...
Persistent link: https://www.econbiz.de/10009434130
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OPTIMAL BOND REFUNDING: EVIDENCE FROM THE MUNICIPAL BOND MARKET
Priyadarshi, Samaresh - 1997
<HTML><HEAD><META HTTP-EQUIV="Content-Type" CONTENT="text/html; charset=windows-1252"></HEAD><BODY><FONT FACE="Book Antiqua"><P ALIGN="JUSTIFY">This dissertation empirically examines refunding decisions employed by issuers of tax-exempt bonds. Callable bonds contain embedded call options by virtue of provisions in bond indentures that permit the issuing firm to buy back the bond at a predetermined strike price. Such an embedded American...</p></font></body></head></html>
Persistent link: https://www.econbiz.de/10009434140
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Bankruptcy and transaction costs in general financial models
Hoelle, Matthew - 2010
General financial models have become workhorse models in the fields of macroeconomics and finance. These models have … and finance is the well accepted fact that models with a representative agent and without financial frictions yield … fields of macroeconomics and finance in the future depends upon the frontier research in general equilibrium today. Over the …
Persistent link: https://www.econbiz.de/10009438435
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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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The relation between voluntary disclosure and financial reporting: Evidence from synthetic leases
Zechman, Sarah L Center - 2008
Managers must often trade off cash flow objectives with concerns about financial reporting when they structure economic activities. I examine whether managers consider voluntary disclosure, combined with the structuring decision, to alter this tradeoff by enhancing the transparency or...
Persistent link: https://www.econbiz.de/10009438464