This dissertation includes two essays on the economic aspects of information security. The first essay presents a principal-agent model for assessing the value of information security audits. The issue of information security investments is confounded by control problems arising from asymmetric...

This study investigates the long-run stock performance following dividend omissions and reductions, and looks for answers for three questions: 1) Does the market underreact to announcement of dividend omissions and reductions? 2) if the market does, how long does it take for the market to...

The merger wave that took place during the first phase of globalization, which lasted from 1895 to 1914, changed the industrial structure in Europe and the U.S. remarkably. Therefore, it is of great importance to assess whether mergers were successful during this period. Noteworthy, studies that...

The purpose of this dissertation thesis is to investigate how changes in the institutional setting have affected the payout policy of German firms. This dissertation thesis further contributes to the literature on event study methodology by analyzing the measurment of abnormal credit default...

Operations strategies, whether prompted by competitive or regulatory forces, can greatly impact firm performance. While operations strategies cover a wide spectrum of issues - supply chain management, technology choice, capacity allocation, etc. - this dissertation focuses on two such issues,...

In this Master‘s Thesis the Baltic Stock Exchange’s (Lithuanian, Latvian and Estonian) efficiency is valued for the period of 2004-2009. This thesis aims to evaluate the reaction of Baltic stock exchange to quarterly financial statement announcements. To reach this aim the concept of market...

Šiame darbe yra tiriamos Nasdaq OMX Baltic ir Nordic akcijų biržų susijungimo ir įsigijimo sandorių trumpalaikės ir ilgalaikės generuojamos vertės sąsajos 2000-2010 m. laikotarpiu. Pirmoje darbo dalyje yra analizuojama susijungimo ir įsigijimo sandorių samprata, klasifikacija,...

Šiame darbe analizuojamas prognozinės informacijos poveikis akcijų grąžai Lietuvos, Latvijos ir Estijos kapitalo rinkose laikotarpiu nuo 2004 m. iki 2008 m. balandžio. Darbą sudaro trys pagrindinės dalys. Pirmojoje dalyje analizuojami įmonių prognozinės informacijos įvertinimo...

The roots of the 2008 financial crisis are often traced back to the collapse of the housing bubble. The factors that precipitated the crisis, and propagated its effects on firms and consumers to produce an economic contraction, are still the subject of ongoing debate among academics, policy...

The introduction of single stock futures to a market presents the opportunity to assess an individualcompany's response to futures trading directly, in contrast to the market-wide impact obtainedfrom index futures studies. Thirty-eight South African companies were evaluated in terms of apossible...