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Fear and the Housing Market
(2016-05-11)
In this dissertation, I use Google search frequency to construct a new measure of housing market-level sentiment and analyze its relation with housing prices. I term this measure as the Home Price Fear Index, or Fear Index ...
COGNITIVE BIASES, STYLE INVESTING, AND STOCK RETURN PREDICTABILITY
(2017-04-28)
This dissertation consists of three distinct essays. In the first essay, “Does Credit risk explain market’s participants ‘cognitive biases - Evidence from Anchoring Bias in Analysts’ Earnings Forecasts”, using anchoring ...
Three essays on international mutual fund flows
(2022-06-13)
In this dissertation, I investigate the comprehensive relationship of international mutual fund flows among markets. While my first essay presents the unprecedent findings of commonality in mutual fund flows and global ...
Three Essays on Political Contributions and Firm Performance
(2022-08-12)
The interaction of politics with financial markets and the macroeconomy has received increasing attention in recent years. Extant literature identifies the significant impact of political connections on firm value. However, ...
BEHAVIORAL EXPLANATIONS OF INVESTORS’ TRADING IN FINANCIAL MARKETS
(2019-05-03)
In the first essay, I examine the effect of social media sentiment on the trading behavior of individual investors. I document a positive association between sentiment and retail order imbalances (i.e., individual investors ...
THE IMPACT OF FRESH EYES: HOW A CHANGE IN THE ENGAGEMENT TEAM IMPACTS THE REPORTING OF INTERNAL CONTROL MATERIAL WEAKNESSES
(2021-05-07)
Regulators have repeatedly debated mandatory auditor rotation. Proponents emphasize the benefits that a new auditor brings, specifically, improved independence and a fresh perspective, leading to higher quality audits. ...
INTERNATIONAL EVIDENCE ON THE EFFECT OF ECONOMIC POLICY UNCERTAINTY ON STOCK MARKET LIQUIDITY
(2021-05-12)
In this dissertation, I investigate the impact of economic policy uncertainty on stock market liquidity across a broad cross-section of countries. My dissertation is composed of three distinct yet related essays. My first ...
Rational Expectations or Behaviorally Inefficient Markets
(2020-06-05)
In this dissertation, I examine the rational investment hypothesis, postulated by classical theories, in mutual fund and portfolio management settings. My first two essays focus on mutual fund investors. I study whether ...
CORPORATE CASH HOLDINGS, FIRM PERFORMANCE, AND CEO COMPENSATION
(2020-07-17)
The dissertation consists of three essays. The first essay investigates the relationship between corporate cash holdings and firm performance in new and old economy firms. Results show that firm performance increases when ...
THE EFFECT OF INVESTOR SENTIMENT ON EARNINGS MANAGEMENT
(2020-08-10)
The association between investor sentiment and corporate reporting decisions/outcomes has been recently examined in the accounting and finance literature. As an important outcome of corporate reporting decisions, earnings ...