The estimation of dynamic stochastic general equilibrium (DSGE) models is the subject of a rapidly growing literature. This dissertation contributes to the existing body of work by focusing on issues related to parameter identification.In the first essay I show that DSGE models are characterized...

This dissertation examines institutional investors' trading behavior in a sample of322 firms alleged in Accounting, Auditing, and Enforcement Releases to havemanipulated their accounting earnings (hereafter fraud firms). Over the course ofthe fraud period, I find that institutions increase their...

I explore the effect of accounting complexity on misreporting using a setting of revenue restatements. I measure revenue recognition complexity using a factor score based on the number of words and revenue recognition methods from the revenue recognition disclosure in the 10-K just prior to the...

In this dissertation, I examine how political environments influence industry structure and entrepreneurial opportunities following deregulation. Though deregulation implies a removal of government control, I propose that deregulation remains a political process that is shaped by previous...

How do changes in competitive intensity affect trade patterns? In this paper, we exploit a quasi-natural experiment associated with increased anti-trust enforcement activity over the last two decades. A large number of international markets underwent a change in competitive intensity as they...

The first essay considers a service center with two stations in accordance with independent Poisson processes. Service times at either station follow the same general distribution, are independent of each other and are independent of the arrival process. The system is charged station-dependent...

This work consists of three essays that investigate the effect of investor behavior on asset prices. In the first essay, titled “Transaction Costs and Investment Decisions of Individual Investors,” I study the liquidity decisions of 66,000 households from a large discount brokerage. My paper...

This dissertation examines global groups at work through an intensive study of cross-national student teams and case studies of exemplar companies that work across boundaries. We consider the role of transactive memory systems (TMS) as a way to create effective team processes. A TMS is a...

This dissertation examines how investments in information technology (IT) influence the value that firms derive from merging or collaborating with other firms. The dissertation is organized as follows. The first chapter, entitled Towards a Theoretical Framework of Information Technology in...

Actors often leave in pursuit of new ventures, even though entrepreneurial opportunities may exist inside the firm. While a bulk of work has focused on understanding the determinants of entrepreneurial transition (e.g., Aldrich and Ruef, 2006; Dobrev and Barnett, 2005; Robinson and Sexton, 1994; Sørensen,...