Now showing items 1-10 of 14
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 ...
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 ...
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 ...
Three Essays on Information Economics and Delegated Portfolio Management
(2021)
This dissertation studies the implications of technological innovation in the financial markets to asset prices, market quality, and the delegated portfolio management sector. Three such developments are considered: index ...
Essays on Banking
(2022)
Financial system access is important, especially for disadvantaged groups. I study the ways in which people interact with the financial system at a local level.
In Chapter 1, I study the Freedman’s Savings and Trust Bank, ...
Financial Capital and Human Capital in American Corporations: How Ownership by Activist Hedge Funds and Index Investors Affects Employee Satisfaction
(2020)
Two major trends in the American capital market affect whether firms adopt a long-term or a short-term orientation. The first trend is the growing concentration of ownership of public companies by index investors, such as ...
Essays on Financial and Technological Innovations, Private Capital Markets, and Entrepreneurship
(2023)
Access to financing is one of the main barriers to entrepreneurial activities and economic growth. In my research, I investigate whether financial and technological innovations mitigate frictions in the market for early-stage ...
Computational Modeling and Design of Financial Markets: Towards Manipulation-Resistant and Expressive Markets
(2021)
Electronic trading platforms have transformed the financial market landscape, supporting automation of trading and dissemination of information. With high volumes of data streaming at high velocity, market participants use ...
Three Essays in Corporate Finance
(2023)
In my dissertation, I study how the structure of corporate ownership affects financial policies of firms.
In Chapter 1, I show that labor mobility affects the timing of a firm's decision to go public. Employees of private ...