An important focus of the research on mergers and acquisitions is the conditions under which acquisitions create value for the acquiring firm's shareholders. Given that the acquisition process is plagued by serious issues of information asymmetry, which are exacerbated in the context of...

Using a two period model with moral hazard and uninsured risk, we argue that the decline in equity premium from its historically high level is due to a gradual elimination of barriers to universal banking. The loan contracts set up by financial intermediaries became more complete in nature with...

University of Minnesota Ph.D. dissertation. December 2011. Major: Business Administration. Advisor: Chandra Kanodia. 1 computer file (PDF); vi, 94 pages, appendices A-C.