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Does CEO Duality Matter: An Integrative Approach

Kwok, Julia Shuk Ying II - 1998

Some firms allow their CEO to hold the position of Chair of the Board of Directors while other firms choose to split those two positions between two different individuals. This dissertation first examines whether agency control mechanisms, agency problems, and other firm characteristics are...

Persistent link: https://www.econbiz.de/10009433798

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

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

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

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