Now showing items 1-5 of 5
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 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 ...
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 ...
Three Essays on Frictions in Financial Markets
(2019)
In the first chapter, I develop and estimate a novel dynamic model of the secondary market trading of intangible assets in an environment where financial market frictions interfere with firm investment. Intangible asset ...
Accounting Policy Similarity and Active vs. Passive Institutional Investors
(2018)
I examine the differential effects of similarity in accounting policy disclosures by firms on investment by active and passive institutional investors. I develop a novel measure of accounting similarity based on the textual ...