How does a “flat” world affect the global investment landscape? Historically, institutional equity managers have been separated into two groups: US and non-US. Managers with a US mandate typically only invest in stocks domiciled in the US, whereas managers with a non-US mandate only invest...

The costs and constraints to financing, and the factors that influence them, play critical roles in the determination of corporate capital structures. Chapter 1 estimates firm-specific marginal cost of debt functions for a large panel of companies between 1980 and 2007. The marginal cost curves...

The idea that integrates parts of this dissertation is that high-frequency data allow for more precise and robust methods for forecasting financial volatility and elucidating the role of volatility in forming asset prices. Thus, the first two chapters compare the performance of model-free...

The central puzzles in financial economics commonly include violations of the expectations hypotheses, predictability of excess returns, and the levels and volatilities of nominal bond yields, in addition to well-known equity premium and the risk-free rate puzzles. Equally surprising is the...

Organizational Capital Budgeting Model (OCBM) is a general theory of capital budgeting that incorporates traditional capital budgeting theories and the consideration about firm's information/ organization structure. The traditional financial capital budgeting model is a special case of OCBM....

In Chapter 1, I document a negative (positive) relationship between changes in large (small) blockholders' ownership and abnormal returns. The evidence in this paper suggests that an increase in the relatively large blockholders' ownership raises the consumption of private benefits while an...

The most attractive markets for renewable energy investment are shifting from the developed world to emerging economies. Among the most prominent emerging economies, China, India, and Brazil have become three of the most important global investment markets, and the role of renewable energy in...

Šiame magistro darbe analizuojami nacionalinio biudžeto finansinių išlaidų planavimo teoriniai aspektai. Pateikiamos klasikinės mokesčių teorijos, jų tipologija ir biudžeto formavimo svarba valstybėje. Darbe nagrinėjama valstybės finansinių išlaidų klasifikacija, jų paskirstymo...

SANTRAUKA Valdas Lipskis AB „Panevėžio statybos trestas“ veiklos finansinių ataskaitų optimizavimas. Magistro darbas. Moksliniame tyrime darbo autorius sukūrė įmonių veiklos finansinių ataskaitų pagrindinių straipsnių rodiklių optimizavimo modelį. Įmonės veiklos finansinių...

The analysis of innovation research reveals that it is known more about the role and impact of innovations than about how they are developed and implemented. In the dissertation, various innovation factors are analysed taking into account context and systemic nature of innovation. While...