PhD Dissertations - DO NOT EDIT: Recent submissions
Now showing items 1-20 of 41
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Three essays on leverage, informative trading, and option implied information
This study will take a three-prong approach to examine the role high-leveraged option trades have in determining the informational content of options market trading. First, I closely observe the structure of the volatility ... -
MANAGERS’ POLITICAL IDEOLOGY AND DEBT
(2022-08-12)**Please note that the full text is embargoed until 8/11/2024** ABSTRACT: This dissertation investigates the effect of managers’ political ideology and their level of managerial conservatism on their firms in the credit ... -
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, ... -
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 ... -
TWO ESSAYS ON HOW DO INVESTORS PERCEIVE THE OPTIMAL CAPITAL STRUCTURE AND AN ESSAY ON MUTUAL FUND VOLATILITY DECOMPOSITION AND MANAGER SKILL
(2021-08-02)This dissertation explores the rational investment hypothesis proposed by classical theories at the stock and portfolio (mutual fund) level. My first two essays focus on the risk associated with the composition of debt and ... -
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 ... -
Mutual Funds: Governance and Holdings
(2020-09-02)In this dissertation I examine the role of governance and holdings within the mutual funds industry to determine if active managed fund strategies are affecting fund flows and increasing returns. My first two essays focus ... -
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 ... -
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 ... -
Essays on product market dynamics and corporate cash holdings across countries
(2017-05-05)My dissertation is composed of two essays that investigate two related yet distinct dynamics of product market and their influence on corporate cash holdings, and both are concerned with these dynamics being determinants ... -
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 ... -
Merger Means of Payment and Analyst Biases around Merger Announcement Date
(2016-04-18)I find strong evidence that analysts report downward-biased earnings estimates on acquiring firms when the earnings announcement date is within a 60-day window prior to the merger and acquisition (M&A) announcement date. ... -
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 ... -
INSTITUTIONAL INVESTORS AND CROSS-BORDER MERGERS AND ACQUISITIONS: THE 2000-2012 PERIOD
(2017-05-12)Using mergers and acquisitions (M&As) from 26 countries between 2000 and 2012, I examine the role of foreign and domestic institutional investors in cross-border M&As. I have several findings. First, both foreign and ... -
In Times Of Financial Distress: Perspectives From Valuation, Information Asymmetry And Returns
The dissertation addresses unanswered questions in asset valuation through the lens of financial distress in three different asset markets namely equity market, residential property market and REITs market. The first two ... -
Executive Compensation And Idiosyncratic Risk
(Finance & Real Estate, 2014-09-17)Executive compensation is a very heavily researched area in finance, accounting and management over the last three decades. However, there are several inconclusive issues. One of them is the relationship between idiosyncratic ... -
Cointegration, Causality And Price Discovery In The NAFTA Markets: A Study Of Sector Indices And Trade Flow Data From The Perspective Of US Markets
(Finance & Real Estate, 2014-09-17)This dissertation examines the long-run linkage among the equity markets and sectors of the NAFTA economies by employing Cointegration and Vector Error Correction Model (VECM) framework. In addition, I also seek to identify ...