Using a sample of 249 firms that went public over 1975-1984, I provide evidence on how and why ownership and board structures evolve over the subsequent 16 years. I find that changes in ownership and board structures are related to lifecycle changes that alter the relative cost/benefit of...

This dissertation explores the processes by which firms make capital investment decisions that are associated with developing organizational capabilities. It argues that there can be an investment in an organizational capability embedded in a capital investment in a physical asset, and asks if...

In today's world, salespeople must create value for their customers, providing knowledge, advice, and problem solving skills so that the salesperson is just as valuable to the customer as the product or service they are purchasing (Rackham, 2009). In an effort to meet this demand, companies...

The purpose of this study was to develop a hotel performance model using structural equation modeling. All hotel firms with a SIC code of 70, with available data for 1996, were used. A total of 106 hotel, hotel and gaming, and hotel conglomerates were included in this study. A model was proposed...

The first essay tests alternative theories about the effect of asset liquidity on capital structure and debt capacity. Using data from a broad sample of U.S. public companies, I find that leverage is positively related to asset liquidity. The relation is stronger following negative shocks to...

Leverage-reducing exchange offers are consistently associated with a reduction in shareholder wealth. This study examines the motivations behind these exchange offers in light of their negative impact on shareholders' wealth by characterizing a sample of 151 firms conducting leverage-decreasing...

This study tests two mutually exclusive hypotheses regarding the relationship between firm size and the effectiveness of the market for corporate control. With a sample of 7,921 attempted acquisitions over the period from 1980-1999, this paper examines whether an acquirer's size impacts the...