In this study, we use some relatively unique characteristics of the Brazilian stock market to test corporate governance, capital structure, and payout decisions hypotheses. In Chapter One, we find that a composite index (NM6) that proxy for the main governance practices targeted by Bovespas...

Since the formulation by Black, Scholes, and Merton in 1973 of the first rational option pricing formula which depended only on observable values, the volume of options traded daily on the Chicago Board of Exchange has grown rapidly. In fact, over the past three decades, options have undergone a...

This dissertation consists of two essays investigating the labor market for CEOs who have developed a reputation for being a turnaround specialist. Turnaround specialists are managers who have developed reputations for having skills and experience in reversing the fortunes of financially...

This dissertation has three essays. In the first essay, I investigate whether the decision to repurchase stock is driven by investor demand for repurchases. Specifically, I hypothesize that firms cater to investor demand for repurchases by initiating repurchases when investors place premiums on...

Family firms are an important part of the U.S. economy. Using a comprehensive sample of publicly traded family firms in the U.S. this dissertation looks into various aspects of their corporate structure. Specifically, this dissertation studies the industry distribution, capital structure...