Download or read book Three Essays on Agency Theory written by Ying Li and published by . This book was released on 2011 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Three Essays on the Agency Problem written by Gary Todd Moskowitz and published by . This book was released on 1999 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Essays on Agency Problems and Corporate Governance written by Mine Ertugrul and published by . This book was released on 2005 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Toward a More Robust Theory of Agency written by Robert Ensign White and published by . This book was released on 2000 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Three Essays in Agency Related Issues written by Xinyan Yan and published by . This book was released on 2016 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation explores three types of agency related issues. The first essay is related to the CEO-shareholder relation. We examine how the legal background of affects the corporate policy and shareholder wealth. We empirically analyze whether law CEOs manage their firm differently. We find that law CEOs take less risk and perform better in the short-run. Law CEOs are especially valuable to firms involved in litigation. Specifically, when firms experience litigation, those with law CEOs experience less volatile market returns, maintain better operating performance and face lower litigation settlement costs. However, our evidence also suggests law CEOs tend to be more myopic. Firms with law CEOs invest less in R & D and have lower R & D growth rates. The second essay examine the relationship between acquirers and M & A advisors. Using a sample of serial takeover sequences, we examine the cost-benefit tradeoffs associated with an acquirer willingness of selecting suitable advisors for each deal during a sequence of acquisitions. We find that acquirers are willing to do so experience more favorable announcement reactions from shareholders, pay lower acquisition premiums and advisory fees, and complete transactions faster. We also use propensity score matching to address possible endogeneity concerns and find our results are robust. These findings suggest that acquirers benefit from selecting the right advisor for each acquisition rather than staying with one advisor throughout the sequence of acquisitions. The third essay focus on buyer-agent relationship. This essay studies the role of buyer brokers in the home-buying process under different market conditions by examining the effects of brokerage representation on home prices and search duration. Using data from 2006 and 2012 NAR annual surveys, we find that buyer brokers have no effect on prices in a seller market while they do have a statistically significant positive effect in a buyer market. We find that buyer brokers do not affect search duration in either a buyer or seller market. To address the endogeneity problem, we use the propensity score matching methodology, which find our results are robust. We also find that Internet search frequency has a significant effect on purchases prices and search duration.
Download or read book Collusion Reputation and Communication Three Essays in Economic Theory written by Alfredo Marcos Kofman and published by . This book was released on 1990 with total page 470 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Three Essays on the Principal agent Model written by Anil Arya and published by . This book was released on 1991 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Three Essays in Financial Markets The Bright Side of Financial Derivatives Options Trading and Firm Innovation written by Iván Blanco and published by Ed. Universidad de Cantabria. This book was released on 2019-02-15 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt: Do financial derivatives enhance or impede innovation? We aim to answer this question by examining the relationship between equity options markets and standard measures of firm innovation. Our baseline results show that firms with more options trading activity generate more patents and patent citations per dollar of R&D invested. We then investigate how more active options markets affect firms' innovation strategy. Our results suggest that firms with greater trading activity pursue a more creative, diverse and risky innovation strategy. We discuss potential underlying mechanisms and show that options appear to mitigate managerial career concerns that would induce managers to take actions that boost short-term performance measures. Finally, using several econometric specifications that try to account for the potential endogeneity of options trading, we argue that the positive effect of options trading on firm innovation is causal.
Download or read book Three Essays on the Theory of the Firm written by Namhoon Kwon and published by . This book was released on 1997 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Professionals and Agents written by Heather Elms and published by . This book was released on 1998 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Four Essays on Agency Problems written by Son Ku Kim and published by . This book was released on 1991 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Three Essays on the Theory of the Firm written by Felix Höffler and published by . This book was released on 1999 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Three Essays in Financial Economics written by Alper Odabaşıoğlu and published by . This book was released on 2015 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Three Essays in Managerial Career Concern and Organization Theory written by Yasunari Tamada and published by . This book was released on 2002 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Structures of Agency written by Michael E. Bratman and published by Oxford University Press. This book was released on 2007-01-04 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a collection of published and unpublished essays by distinguished philosopher Michael E. Bratman of Stanford University. They revolve around his influential theory, know as the "planning theory of intention and agency." Bratman's primary concern is with what he calls "strong" forms of human agency--including forms of human agency that are the target of our talk about self-determination, self-government, and autonomy. These essays are unified and cohesive in theme, and will be of interest to philosophers in ethics and metaphysics.
Download or read book Three Essays on Information Asymmetry and Principal agent Problems written by and published by . This book was released on 2004 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In this dissertation, we investigate three different questions that are related to information asymmetry and principal-agent problems. The first question is whether principal-agent conflicts lead executives to influence the design of their own employment contracts to exploit the shareholders; the second is the question whether conflicts of interest hamper the effectiveness of affiliated analysts in detecting and curbing earnings management; and the third is whether small investors are at an informational disadvantage. The three studies provide evidence on the existence of information asymmetry and principal-agent problems in various contexts. In particular, we find that the benchmarking process of executive compensation observed is a remedy of the agency costs incurred; that analysts from independent research firms monitor firms they cover more effectively than analysts affiliated with investment banks; and, strikingly, that small investors actually may have better information regarding firms financials even when compared to professional equity analysts. Together, these studies provide new insights into the cornerstone problems of the finance literature.
Download or read book Three Essays in Contract Theory written by Kyoungwon Rhee and published by . This book was released on 2000 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt:
