Now showing items 31-40 of 60
Asset Pricing with Revealed Utility.
(2016)
This dissertation consists of two essays that interpret crime as revealed marginal utility of heterogeneous consumers, and investigates its implications for asset pricing.
The first chapter proposes crime as a revealed ...
Essays on Financial Crisis.
(2014)
My dissertation examines the effects of economic shocks on acquisition outcomes and the sources of housing market bubble. The first essay investigates how the combined effects of target firm- and industry-level distress ...
Essays on the Weather Derivatives Market.
(2014)
This dissertation consists of two essays examining the functioning and effects of a recent financial innovation: the weather derivatives market. The modern weather derivatives market originated in the late 1990s and allows ...
Asymptotics for small nonlinear price impact: A PDE approach to the multidimensional case
(Cambridge University PressWiley Periodicals, Inc., 2021-01)
We provide an asymptotic expansion of the value function of a multidimensional utility maximization problem from consumption with small nonlinear price impact. In our model, cross‐impacts between assets are allowed. In the ...
Cryptocurrencies: Stylized facts on a new investible instrument
(American Bar AssociationWiley Periodicals, Inc., 2019-12)
We present stylized facts on the asset pricing properties of cryptocurrencies: summary statistics on cryptocurrency return properties and measures of common variation for secondary market returns on 222 digital coins. In ...
Equilibrium concepts for time‐inconsistent stopping problems in continuous time
(University of British ColumbiaWiley Periodicals, Inc., 2021-01)
A new notion of equilibrium, which we call strong equilibrium, is introduced for time‐inconsistent stopping problems in continuous time. Compared to the existing notions introduced in Huang, Y.‐J., & Nguyen‐Huu, A. (2018, ...
Industry tournament incentives and corporate hedging policies
(Wiley Periodicals, Inc., 2022-06)
This paper examines how a tournament among CEOs to progress within the CEO labor market influences their corporate hedging policies. We employ a textual analysis of 10-Ks to generate corporate hedging proxies, finding that ...
Three Essays in Monetary Economics and Banking
(2018)
Banks play a major role in all the economic and financial activities in modern society. In this dissertation, I explore three separate, yet closely hinged topics in banking. In the first chapter, I investigate how banks ...
Essays on Property Rights and Financing
(2018)
This dissertation comprises of two essays on property rights and financing. The two essays have tight relationship under the broad theme of intellectual property rights of firms. The first essay focuses on property rights ...
Essays on Firm Dynamics
(2020)
Firm size distributions and firm dynamics have important implications for macroeconomic outcomes, particularly aggregate productivity through effects on allocation of human and physical capital. This dissertation evaluates ...