Does efficient internal investment generally translate into successful external investment activities? In this research we use the internal capital allocation efficiency as a proxy for the efficiency of internal investment, and study whether firms that are internally efficient also make...

As one of the most important regions selected for jatropha biodiesel industry in Southwest China, Panzhihua has received very high and optimistic expectations. However, current situation suggests that jatropha in Panzhihua has not changed local energy scenario and the industry has been...

This dissertation consists of two essays: one looks at the relation between firm focus and hedging in the REIT industry, and the other compares bank board structures in China and the US.The first essay presented in Chapter 2 examines the relation between corporate hedging and firm focus in the...

Consumer sentiment has the ability to provide researchers with many avenues to test existingFinance and Economic theories. Chapter 1 introduces the issues that I seek to explore within the area ofBehavioral Finance. Chapter 2 utilizes thirty years of consumer sentiment data to explore...

In the first chapter of this dissertation, I hypothesize that several non-tax-driven benefits of debt induce REITs managers to issue debt despite no apparent tax-driven benefit. Several methodologies and tests applied in capital structure literature are introduced to the literature of REITs...