essay on corporate finance

Essays in Banking and Corporate Finance Abstract This dissertation studies the role of different types of frictions in preventing optimal resource allocation in the economy. In chapter 1, I focus on financial frictions and consider the distorted incentives of banks to lend to zombie firms. I show that bank supervision, in

Essays in Corporate Finance Abstract Written in the wake of the 2007-08 financial crisis, the following essays explore the nature and implications of firm-level financial distress. The first essay examines the external effects of financial distress, while the second and third essays examine its internal consequences. The first essay

Three Essays in Corporate Finance by Min Zhu A dissertation submitted in partial fulfillment of the requirements for the degree of Doctor of Philosophy (Business Administration) in The University of Michigan 2011 Doctoral Committee: Professor E. Kan Kim, Chair Professor Jeffrey Andrew Smith Professor James D. Westphal

Essays in Corporate Finance December 12, 2018 This thesis presents three essays related to corporate nance. The rst essay focuses on a rm's going public decision, the second essay examines the value of CEOs' innovation leadership, and the third essay studies the impact of a CEO's social performance on her reputation and career.

This thesis consists of two essays that examine several problems in corporate finance and mechanism design. The central theme is endogenous agency conflicts and their impact on dynamic investment decisions. The first essay features auctions of assets and projects with embedded real options, and subsequent exercises of these investment ...

This thesis consists of three essays covering topics in empirical corporate finance with an emphasis on banking relationships and its effect on liquidity constraints and business growth. In particular, it investigates the effect of monetary capital and human capital constraints and the role of banking relationships to relax both constraints.

the responses of corporate investment in emerging markets to U.S. monetary policy and financial-market volatility shocks. Specifically, we find that in response to external financial shocks, financially weaker firms reduce invest-ment by more than financially strong firms. We also demonstrate that firms ii

Chapter 1: Introduction- Essays in corporate finance 1.1 Introduction This dissertation contains two separate essays related to the impact of firms' geographic location and labor market friction on corporate policies (e.g., operating lease decisions and corporate tax policy).

The model accommodates both corporate finance and asset pricing evidence, renewing a fruitful connection between asset pricing and corporate finance research. 26 Nov 2001; Op-Ed; Why Corporate Budgeting Needs To Be Fixed. by Michael C. Jensen. Not to mince words, but corporate budgeting is a joke, argues HBS professor emeritus Michael C. Jensen ...

Essays in Corporate Finance Citation Mezzanotti, Filippo. 2016. Essays in Corporate Finance. Doctoral dissertation, Harvard University, Graduate School of Arts & Sciences. Permanent link ... The second chapter (with Shai Bernstein and Josh Lerner) studies how the corporate be-

This thesis consists of three chapters. Chapter 1 studies the informational role of trade credit and the accounts receivable financing market. I hand collect new data on the contracts of accounts receivable based loans and trade credit terms. I find that sellers experiencing payment delays are primarily financed through accounts receivable ...

July 28, 2020. This dissertation presents three essays in empirical corporate finance. The essays discuss how financial markets affect the real economy. The first essay studies how a change in credit supply affects firms' decisions to create new products or destroy the existing ones. It provides reduced form causal evidence that a reduction ...

Corporate Finance: Weighted Average Cost of Capital. Assets' beta is the average of the different sources of finance that a firm chooses. Fabozzi et al.discuss that the "asset market risk is the weighted average of the company's debt beta and equity beta […] Fundamental Principles of Corporate Finance.

ETD -- Doctoral Dissertations. Essays on Corporate Finance and Macroeconomics. Customize. In the first chapter, I introduce investment timing options into the long- standing discussion regarding the relationship between corporate investment sensitivity to cash flow (ISCF) and financial frictions. I develop a dynamic, stochastic model in which ...

The three essays collected in this PhD thesis are on topics of corporate finance and environmental, social, and governance (ESG). The first essay examines the effect of state ownership on the relationship between ESG and stock performance. Taking the COVID-19 market crash as an exogenous shock, this study suggests that the benefit of ESG ...

Finance plays a crucial role in the lives of individuals and the functioning of organizations. It encompasses a wide range of activities, from personal financial planning to international trade and investment. This essay will explore and analyze various aspects of finance and its impact on... Personal Finance Corporate Finance.

This dissertation presents two essays about corporate finance, product market, and corporate governance. The first essay shows that, depending on product market structure, firms adjust executive compensation differently in response to shocks to firm risk. Using a natural experiment that increases firm risk due to discoveries of carcinogens, I find that treated firms increase CEO risk-taking ...

Introduction/Overview. Finance is a field that dominates various aspects of society and plays a crucial role in the business process. The term finance is very broad and covers a vast amount of activities that support the business process every day.

Essays in Corporate Finance. Doctoral dissertation, Harvard University. Abstract Written in the wake of the 2007-08 financial crisis, the following essays explore the nature and implications of firm-level financial distress. The first essay examines the external effects of financial distress, while the second and third essays examine its ...

Fascinating Topics to Write About Corporate Finance. Corporate Finance, Optimal Contracting, and Valuation With Inalienable Human Capital. An Empirical Look at Banking, Corporate Finance, and Monetary Policy. Corporate Finance, Business Taxation, and Economic Performance. A Non-technical Review of Real Options Analysis and Corporate Finance ...

In chapter one, I examine the role of patent litigation in affecting companies' innovation. Studying a landmark Supreme Court decision, I show that an improvement in patent enforcement positively affects the innovation activity of corporations. In chapter two, I study the role of private equity in period of large financial turmoil. In the ...

We use a merged global data set of security-level corporate bond issuance and firm-level financial statement data to show that, in contrast to earlier periods of financial stress, during the COVID pandemic nonfinancial firms around the world were more likely to issue bonds, driven by a boom in local-currency-denominated issuance. We observe a ...

Essays in Corporate Finance. Doctoral dissertation, Harvard University, Graduate School of Arts & Sciences. Abstract This dissertation contains three chapters. In the first chapter, which is joint work with Paul Gompers and Steven Kaplan, we survey 79 private equity (PE) investors with combined assets under management of more than $750 billion ...