Browsing by Department "Finance"

Now showing items 21-40 of 53

    • Essays on Innovation in Corporate Finance 
      Driver, James (2022-06-13)
      This dissertation studies innovation within the context of corporate finance across three papers. The second section of this dissertation establishes empirical facts about how a firm’s equity ownership status affects firms’ ...
    • Essays on Intermediary Asset Pricing 
      Shin, Sang-Ook (2019-06-10)
      The dissertation studies intermediary asset pricing, including two chapters. The first chapter examines how heterogeneity in intermediary capital – the equity capital ratio of the largest financial intermediaries in the ...
    • Evidence to the contrary: extreme weekly returns are underreactions 
      Kelley, Eric Kyle (Texas A&M University, 2004-11-15)
      The finding of reversals in weekly returns has been attributed to a combination of microstructure issues and overreaction to information. I provide new evidence eliminating overreaction as a source of reversal. I show ...
    • Firm Policy in a Multipartite Economy: Sources of Strategic Investment, Risk Discovery, and Input Valuation 
      Nordlund, James Chandler (2017-06-26)
      This dissertation studies how the interconnectedness embedded in a firm’s economic environment shapes a variety of corporate policies, including (1) strategic investment, (2) discovery of sources of risk and its dissemination ...
    • Hedge Fund Ownership and Corporate Financial Misconduct 
      Zhao, Xin (2016-11-03)
      This dissertation studies whether hedge funds are proficient at avoiding investing in firms that conduct financial fraud. Using 13F quarterly holdings data from 1980 to 2012, we find that hedge funds have significantly ...
    • The Impact of the CEO's View of Risk on Turnover and the Value of Equity 
      Campbell, Timothy Colin (2011-10-21)
      Recent theory predicts that two factors influencing the CEO’s view of risk, overconfidence and debt-like compensation, have implications for CEO forced turnover and firm equity value, respectively. We test each of these ...
    • Insider trading at the turn of the century: two essays 
      Tartaroglu, Semih -. (2009-05-15)
      Insider trading may convey information to the market and promote accurate pricing of stocks. In this dissertation, I investigate insider trading at the turn of the century. In the first essay, I investigate insider trading ...
    • Institutional Investors, Managerial Incentives, and Firms' Risk Profiles 
      Celil, Hursit S (2013-04-11)
      In this dissertation, I study the influence of monitoring by institutional investors on corporate behavior within the context of CEO compensation-based incentives. I find that institutional investors provide an executive ...
    • Intrastate Access Constraints under the NGPA: Will Texans be Prohibited from Receiving Texas Natural Gas? 
      Taylor, Mark D. (1983)
      In response to a critical shortage in the interstate natural gas market, Congress passed the Natural Gas Policy Act in 1978. Rather than simply repairing the problems of the interstate pipeline system, however, the NGPA ...
    • Mispricing and Firm Investment 
      Horstman, Dora Li (2023-04-27)
      In my dissertation, I aim to study how stock mispricing causally affects firm investment. I first examine the association between mispricing and investment by combining 98 return anomalies into a mispricing score and show ...
    • Momentum Trading and Limits to Arbitrage 
      Armstrong, William (2012-07-16)
      An extensive body of research supports the momentum strategy's persistence but disagrees on the underlying source of its profitability. A key obstacle to distinguishing between behavioral and rational explanations of ...
    • A New Approach for Estimating the Capital Market Line 
      Simon, Leslie Ann (1985)
      The purpose of this study is to develop and empirically test a procedure to more effectively use the Capital Asset Pricing Model (CAPM) in the evaluation of securities. The CAPM is a conceptual tool used in estimating the ...
    • A New Asset Pricing Model based on the Zero-Beta CAPM: Theory and Evidence 
      Liu, Wei (2013-05-08)
      This work utilizes zero-beta CAPM to derive an alternative form dubbed the ZCAPM. The ZCAPM posits that asset prices are a function of market risk composed of two components: average market returns and cross-sectional ...
    • New Methods in Empirical Finance 
      Han, Yao (2021-02-01)
      This dissertation studies two new methods in empirical finance. Section 2 applies a rolling estimation window approach to adjust for time-varying risk parameters in asset pricing models when estimating long-run abnormal ...
    • The Savings And Loan Industry And Interstate Branching: An Event Study 
      Hooton, Jerry L. (1994)
      This study examines the impact on shareholder wealth of a rule announced by the Office of Thrift Supervision (OTS) on December 23, 1991, allowing federally chartered savings and loan associations (thrifts) to branch across ...
    • Savings And Loans: A Survey And Analysis Of The Industry's Response To Deregulation 
      Joffrion, Theresa (1985)
      This paper examines savings and loans in their recently-deregulated environment. The study involves a nationwide mail survey of S&Ls, statistical analysis of factors affecting S&L profitability and risk, and a series of ...
    • Statistical Analysis Of Bankruptcy Equity Securities 
      Hartfield, Michael Noel (1990)
      In my research, I propose to accomplish two things. First, to analyze the returns of the survivors of bankruptcy on a large time interval in terms of unique and diversifiable risk, abnormal and cumulative returns, and pre- ...
    • The Credit Quality Of Bank Debt In The Public Versus Private Market 
      Saylak, Thomas J. (1982)
      The current literature on this subject is sparce. One study by Peavy 18 centered on the building of a model for classifying the debt of bank holding companies into the catagories used by the major rating agencies. Peavy ...
    • Time-to-Produce, Inventory, and Asset Prices 
      Chen, Zhanhui (2012-10-19)
      In a production-based general equilibrium model, I study the impact of time-to-build and time-to-produce technology constraints and inventory on asset prices and macroeconomic quantity dynamics. A time-to-build constraint ...
    • Two Essays in Asset-Pricing 
      Petkevich, Alexey (2012-10-19)
      Past research documents a positive link between momentum and firm-level default risk, yet this anomaly is not connected to default risk at the macro level. Namely, there is no documented momentum during recessions, when ...