The first chapter explores the determinants of people's decisions to take 401(k) loans. We model factors that rationally would induce people to borrow from their pension plans, and we explain why people do not often use 401(k) loans to replace their more expensive credit card debt. Next we test...

Over the study period of 1995 to 2006, performance disparities are reported between mutual funds engaged in socially responsible investing (SRI funds) and non-SRI funds. After introducing a social factor and firm specific risk variables, an extension to the Fama-French-Carhart four-factor model...

Source: Dissertation Abstracts International, Volume: 58-02, Section: A, page: 0539.

Organizational Capital Budgeting Model (OCBM) is a general theory of capital budgeting that incorporates traditional capital budgeting theories and the consideration about firm's information/ organization structure. The traditional financial capital budgeting model is a special case of OCBM....

This dissertation bridges the gap of knowledge between communication and financial research in the area of corporate information dissemination. Mainstream financial research views corporate disclosure of earnings as an event. Earnings estimates are important to the valuation of a firm. It would...

This dissertation determines how well the Rubinstein-Leland (1981) synthetic option strategy replicates listed call options and theoretical Black-Scholes (BS) call premiums. Three rebalancing methods are implemented to trigger changes in the stock/debt mix: time--the portfolio is changed at...

Essay 1 extends the existing theoretical framework to incorporate a bank's charter value and analyze directly its effect on the pricing of deposit insurance. It derives values of deposit insurance with both deterministic and stochastic charter values. It is shown that significant charter value...

This study evaluates post-acquisition performance adjustments in banks that have been involved in bank acquisitions. Evaluation of post-acquisition changes in productive efficiency, leverage, and portfolio mix are the basis for the analysis. The magnitude and types of performance changes that...

This dissertation provides extensive empirical evidence--a large sample study over a long period--about the link between strategy and shareholder value. In contrast to the typical measure of shareholder value--stock price times the number of shares outstanding--this dissertation uses beta excess...