The goal of this research is to determine the importance of location factors influencing the spatial distribution of capital formation in U.S. manufacturing. The uneven distribution of manufacturing activity across space suggests that geographical location matters. In addition, factors...

This dissertation consists of three studies of the applications of financial hedging in the hospitality and tourism industry. In the first study presented in chapter 2, the author proposes a novel approach to mitigate the cash flow volatility arising from snowfall fluctuation in ski resorts:...

Restatements are made to correct material errors in companies' financial statements previously filed with SEC. Companies try to avoid restatements because a restatement itself would raise the question of whether the management has been playing the "Numbers Game". My dissertation is motivated by...

This thesis investigates the optimal ex-ante mix of self-protection and self-insurance technologies employed to reduce the risk of biological invaders in the presence of exogenous variables within the probability and damage functions. This is accomplished by using a theoretical endogenous risk...

This dissertation is a comprehensive study of convertible-preferred-stock pricing and performance following issuance. It is the first major academic study that identifies significant abnormal performance of corporate contingent claims following issuance. The research utilizes both option-based...

An objective of both economic structural and accounting time-series literature has been to understand the economic factors driving the systematic properties of corporate earnings. The purpose of this dissertation is twofold: (1) to help explain why these research areas are unable to find the...

This dissertation provides an investigation of the earnings surprise associated with the quarterly earnings announcement. The examination of a wide variety of forecast models allows insight into the ability of these models to capture the earnings expectations of the market.

The industrial learning curve has been widely recognized as an important cost planning tool. Limited empirical work has been done on factors affecting the learning curve parameters, and no study has examined simultaneously the effects of standard difficulty and compensation method. These factors...

This study develops five multinomial logit models to classify firms into one of four states of financial health: healthy, bonds downgraded to a "C" rating, bankruptcy protection under Chapter 11, and liquidation. The predictive variables are selected from fourteen accrual accounting ratios and...

The focus of this research is on management's communication of uncertainty (attested to by auditors) and the potential for miscommunication due to the communication mode used in accounting disclosures. The following two research questions are addressed: First, do users of financial statements...