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CONDITIONAL COVARIANCE MODELING AND APPLICATIONS IN MUTUAL FUND PERFORMANCE EVALUATION
This dissertation contains two essays. The first essay proposes a new model for conditional covariances based on predetermined information instruments. The model is based on a restricted Cholesky-like decomposition and ...
Two Essays on Leverage, Mergers and Acquisitions, and Institutional Investors
In the first essay of my dissertation, I study how bidders' appetite for financial and operating (expected and unexpected) leverage of targets affects merger activities, and whether this appetite varies through the business ...
INVESTMENT RISK TAKING OF U.S. LIFE INSURERS
This dissertation consists of two manuscripts. In the first manuscript, we investigate the extent to which a life insurer's characteristics and the characteristics of bonds it owns affect the probability of selling downgraded ...
Essays on the Monitoring Role of Corporate Boards
This dissertation contains two essays that study the monitoring role played by corporate boards. The first essay provides a new perspective to the multiple directorships literature, which focuses on outside directors. ...