Discipline: finance degree granting institution: university of illinois at urbana- champaign degree: phd genre: dissertation abstract: this dissertation contains three chapters below are the individual abstracts for each chapter chapter 1: the effect of corporate governance on debtholders: evidence. This dissertation presents three essays in corporate finance in the first essay, i study managerial incentives in internal capital markets in particular, i develop a two-tiered agency model to study division managers' incentives within internal capital markets division managers try to influence the external capital market's. Essays on corporate finance and governance key words: merger performance, founding firm, remaining founders, q theory, cumulative abnormal return, family firm, private firm, founder premium, ceo selection, chief operating officer, internal promotion, external recruitment, managerial ability, relative firm performance. Iilay summarythis thesis contains two essays in structural corporate finance the first essay shows that an assetredeployability measure —capturing firms' ability to sell assets —predicts higher leverage and lowercredit spreads at odds with traditional notions of asset redeployability, these predictions. Essays on corporate finance by hari p adhikari a dissertation submitted in partial fulfillment of the requirements for the degree of doctoral of philosophy department of finance college of business university of south florida major professor: ninon sutton, phd daniel bradley, phd christos.
Essays on banking and corporate finance chala, alemu tulu published: 2017- 11-13 document version publisher's pdf, also known as version of record link to publication citation for published version (apa): chala, a t (2017) essays on banking and corporate finance lund, sweden: printed in sweden by media. Corporate finance essay introduction most corporate financing decisions in practice reduce to a choice between debt and equity the finance manager wishing to fund a new project, but reluctant to cut dividends or to make a rights issue, which leads to the decision of borrowing options the issue with regards to. Essays in corporate finance by jonathan b cohn a dissertation submitted in partial fulfillment of the requirements for the degree of doctor of philosophy ( business administration) in the university of michigan 2008 doctoral committee : associate professor sugato bhattacharyya, chair professor james r hines, jr.
Three essays in empirical corporate finance dissertation of the university of st gallen school of management economics, law, social sciences and international affairs to obtain the title of doctor of philosophy in management submitted by philipp horsch from germany approved on the application of prof. Full-text (pdf) | the first essay provides evidence that banks are liquidity constrained and hold private information about borrowers that hinders substitution of financing sources using loan level data from a public credit bureau and exploiting an exogenous shock to bank liquidity, i show that a. This dissertation consists of three essays on corporate finance in the first chapter , i investigate how a liquidity cost associated with debt- `debt servicing cost' affects a firm's capital structure policy in contrast to the standard capital structure theory prediction that builds on a trade-off between interest tax shields and expected.
The her third essay yun tang examines how the ease of home equity-based borrowing affects corporate financing in 2005, major norwegian banks introduced “flexible credit” - a new type of credit line based on household home- equity, which significantly reduced the costs of home-equity borrowing. Each of the three chapters of this dissertation makes a unique contribution to the fields of public finance or corporate finance in chapter one i show that tax-price is increasing in workplace risk due to a positive wage-risk response that is observed in the labor supply price for hazardous industries this result implies that,.
This dissertation presents two essays in corporate finance in the first essay, i study how political institutions affect corporate investment through the policy uncertainty channel i examine investment response to changes in the ability of the governing party to implement its political agenda due to checks and balances. Taking a purely financial perspective the firm is required by fischer's separation theorem to return the maximum amount of wealth to shareholders (fischer, reprinted 1977) in the modern firm ownership is separated from control in the form of the capital of the company being held, traditionally at least by shareholders who. Essays in banking and corporate finance kotter, jason d kotter, jason d 2014 abstract: this dissertation consists of three essays in banking and corporate finance the first essay examines how changes in the composition of the human capital of the workforce impact the ceo over the last fifty years, technological.