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The Effect of Trade Credit on Operational Policies and on the Relationship Between Banks, Suppliers, and Manufacturers.
Brunet, Pierre-Yves - 2010
Companies in a broad range of industries and economies rely heavily on external sources to finance their operations … focus on cash-constrained manufacturers that rely on external sources to finance their operations. More specifically, I …-constrained manufacturers should only use trade-credit to finance their operations when borrowing from suppliers is cheap or when they are …
Persistent link: https://www.econbiz.de/10009477491
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11.432J / 15.427J Real Estate Finance & Investments II: Macro-Level Analysis & Advanced Topics, Spring 2003
Geltner, David; Mcgrath, William Tod - 2003
presents some of the major concepts, principles, analytical methods and tools useful for making investment and finance … estate terminology presented in the earlier course if they are not already familiar with basic real estate finance and …
Persistent link: https://www.econbiz.de/10009432644
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Two Essays on Asset Pricing
Hur, Jungshik - 2007
This dissertation consists of two chapters. The first chapter shows that the measurement errors in betas for stocks induce corresponding measurement errors in alphas and a spurious negative covariance between the estimated betas and alphas across stocks. This negative covariance between the...
Persistent link: https://www.econbiz.de/10009433962
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Return Predictability Conditional on the Characteristics of Information Signals
Pritamani, Mahesh - 1999
This dissertation examines whether simultaneously conditioning on themultidimensional characteristics of information signals can help predict returnsthat are of economic significance. We use large price changes, publicannouncements, and large volume increases to proxy for the...
Persistent link: https://www.econbiz.de/10009434028
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Two Essays on Ownership and Market Characteristics
Chen, Honghui - 1999
Theoretical models suggest that ownership structure may be an important determinant of securities' market characteristics. For example, the presence of informed traders leads to greater bid-ask spreads (Copeland and Galai (1983), and Glosten and Milgrom (1985)), and strategic trading of informed...
Persistent link: https://www.econbiz.de/10009434106
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Internal Control Mechanisms and Forced CEO Turnover: An Empirical Investigation
Jagannathan, Murali - 1996
The dissertation empiricallyexamines the efficacy of internalcontrol mechanisms by analyzing 94forced turnovers of chief executiveofficers (CEOs). It seeks to answertwo primary questions: One, dogovernance-related characteristicsinfluence the promptness with whichpoorly-performing CEOs...
Persistent link: https://www.econbiz.de/10009434130
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OPTIMAL BOND REFUNDING: EVIDENCE FROM THE MUNICIPAL BOND MARKET
Priyadarshi, Samaresh - 1997
<HTML><HEAD><META HTTP-EQUIV="Content-Type" CONTENT="text/html; charset=windows-1252"></HEAD><BODY><FONT FACE="Book Antiqua"><P ALIGN="JUSTIFY">This dissertation empirically examines refunding decisions employed by issuers of tax-exempt bonds. Callable bonds contain embedded call options by virtue of provisions in bond indentures that permit the issuing firm to buy back the bond at a predetermined strike price. Such an embedded American...</p></font></body></head></html>
Persistent link: https://www.econbiz.de/10009434140
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LDC DEBT PROBLEMS AND DEBT RESCHEDULINGS (LOGIT, DISEQUILIBRIUM)
MORGAN, JOHN BLISS; MORGAN, JOHN BLISS - 1985
The first wave of debt reschedulings started in the early 1980s, when a number of African and small Latin American countries began to experience liquidity problems. The number of countries rescheduling their debt suddenly jumped from 2 or 3 per year to 8 in 1980 and 11 in 1981. In 1983, 29...
Persistent link: https://www.econbiz.de/10009441844
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Equilibrium, efficient-markets, and liquidity in the cash-in-advance model
Arroyo, Cristino Rodriguez; Arroyo, Cristino Rodriguez - 1991
The existence of equilibrium is a test of the internal consistency of an economic model. In any model with domestic moneys and dividend-yielding assets, the first question is: will money be dominated by assets in equilibrium? In cash-in-advance models domestic moneys always have positive...
Persistent link: https://www.econbiz.de/10009441845
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Essays on financial analysis: Capital structure, dynamic dependence and extreme loss modeling
Wang, Xin; Wang, Xin - 2008
This dissertation contains three essays concerning two broad areas, namely, optimal capital structure and risky assets modeling. In the first paper, we study corporate debt values, capital structure, and the term structure of interest rates in a unified framework. We employ numerical techniques...
Persistent link: https://www.econbiz.de/10009441848