Using the staggered entry of foreign countries into the Multilateral Memorandum of Understanding (MMoU) as a shock to the cross-border regulatory cooperation and information exchange, we find that foreign firms cross-listed in the U.S. show more analyst following, and less analyst forecast error...

This dissertation addresses three important business and policy related issues regarding financial theories and their application in different markets. Chapter one extends option-pricing theory to value alternative asset-securitization structures. By decomposing each structure into fixed income...

The 1998 failure of Long-Term Capital Management (‘LTCM’), a very large and prominent Greenwich, Connecticut based hedge fund, is said to have nearly brought down the world financial system. Over the years, few financial debacles such as LTCM, have been so often written about or discussed...

Entrepreneurship is a hot topic both in academic and policy circles.1 There is a growingrecognition that entrepreneurship is a driving force in economic growth and development in bothestablished and emerging economies. There is also an increasing body of evidence suggestingentrepreneurship that...

We introduce a taxonomy that classifies industries using three criteria: net growth in thenumber of firms; the interrelationship between firm entry and firm exit; and the degree of urbanbiasin industry growth. We show that in 9 of 15 two-digit NAICS industries investigated, thereis evidence of...

This paper investigates entrepreneurship of migrants and their location choice in attempt to draw connections between migration and economic development, especially the role of business formation in rural development. Rural entrepreneurship is firstly attempted to be better understood form...