We assume an entrepreneur (borrower) must borrow money from a lender (bank) to start a project in a single-period model. The debt is secured by an insurer who takes the project and pays the lender all the outstanding principal and interest in case of default. The borrower grants the insurer a...

We compare two competitive financing schemes, loan guarantees and security token offerings (STOs), for a risk-averse entrepreneur to start a project. We show that, if information is symmetric, STOs are better than loan guarantees. Under asymmetric information, we derive the highest equity price...

I study the relation between venture capitalists' (VCs) presence and real activities manipulation (RM). I find that compared to non-venture-backed companies, venture-backed companies show significantly less RM in the first post-IPO fiscal year. The results are robust after controlling for the VC...

Hospital readmissions are burdensome and costly to healthcare systems. To incentivize the reduction of unnecessary readmissions, penalty programs and payment models have been created. These models typically define a period of time, a.k.a. an episode of care (EOC), within which hospitals are...

With the prevalence of digital devices and internet access, telemedicine (visiting physicians through real-time telecommunication) is becoming an important mode of service. In this work, we study whether the adoption of telemedicine has an impact on physicians' behavior in terms of scheduling...