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Three Essays in Corporate Finance
(2022-05-13)
This dissertation comprises of three essays. The first essay (Chapter 1) examines the short- and long-term stock market reactions to the Made in China 2025 industrial policy both in China and the United States. The second ...
The informational content of financial information on the Internet.
(2002)
In summary, my results indicate there appears to be little new informational value available in the on-line financial information investigated in the following essays. While the Internet has a real impact on market efficiency ...
Intra- and inter-commodity price relationships in electricity and natural gas spot and futures markets.
(2001)
Essay 2 examines why electricity futures contracts are failing despite apparent need for hedging instruments. Consistent with my hypothesis, empirical results find that the hedging protection provided by electricity futures ...
Evaluation of GNMA pass-through securities /
(1984)
The equation derived is a step towards a general theory of security valuation.
Essays on implied volatility.
(1999)
This dissertation consists of three empirical essays regarding the estimate of future market volatility implied by an option price. According to the theory of market efficiency, this implied volatility should represent the ...
Essays in Market Microstructure and Information Networks
(2017-05-12)
This dissertation is a collection of three essays which study the impact of make-take fees on market efficiency, the relevance of three dimensions of liquidity on bond yields, and the value of information flow through the ...
The long-term consequences of debt issuance.
(1999)
In addition, the equity returns of debt issuers are significantly lower than those of non-issuing firms. The duration of the underperformance rivals that of new equity issuers although the magnitude is much less than that ...
Risky asset price expectation formation and emergent market behaviors.
(1998)
We find several interesting and intriguing results. First, results from our computer simulations reveal that market behaviors which are otherwise treated as anomalies in standard asset pricing models emerge naturally in ...
Hedging in the interest rate markets.
(1997)
The suitability of GARCH and EGARCH models in a cross-hedging framework is also examined whereby a T-bill spot position is hedged with Eurodollar futures. The naive and risk-minimization models are also included in this ...
Essays in Venture Capital and Entrepreneurship
(2024-05-10)
This dissertation comprises two essays that investigate the realms of venture capital (VC) and entrepreneurship. In the first essay (Chapter 1), an exploration unfolds to determine whether climate risk serves as a crucial ...