This thesis aims to contribute to monetary policy studies by conducting fundamental research and gathering empirical evidence on the effectiveness of monetary policy in the U.S., U.K., Germany and Japan. The financial crisis in 2007/08 highlighted the weakness of using nominal interest rates as...

The three essays in this dissertation examine issues related to corporate governance, investment, and financing. In the first essay, I analyze the consequences of CEO succession on board composition. I show that existing independent directors with no social ties to an incoming CEO are more...

In recent time, technology applications in different fields, especially Business Intelligence (BI) have been developed rapidly and considered to be one of the most significant uses of information technology with special position reserved. The application of BI systems provides organizations with...

Purpose: More studies have investigated the relation between option measures and stock returns during scheduled corporate events. This study adds to the literature and investigates the informational role of options concerning stock returns following unscheduled corporate news events. The...

Using bank level measures of competition and co-dependence, the authors show a robust positive relationship between bank competition and systemic stability. Whereas much of the extant literature has focused on the relationship between competition and the absolute level of risk of individual...

Deposit insurance is widely offered in a number of countries as part of a financial system safety net to promote stability. An unintended consequence of deposit insurance is the reduction in the incentive of depositors to monitor banks, which leads to excessive risk-taking. This paper examines...