Matches in SemOpenAlex for { <https://semopenalex.org/work/W2810708081> ?p ?o ?g. }
Showing items 1 to 83 of
83
with 100 items per page.
- W2810708081 abstract "SummaryThroughout my thesis, I elaborate on how real and financing frictions affect corporate decision making under uncertainty, and I explore how firms time their investment and financing decisions given such frictions.While the macroeconomics literature has focused on the impact of real frictions on investment decisions assuming all equity financed firms, the financial economics literature has mainly focused on the study of financing frictions. My thesis therefore assesses the join interaction of real and financing frictions in firms' dynamic investment and financing decisions. My work provides a rationale for the documented poor empirical performance of neoclassical investment models based on the joint effect of real and financing frictions on investment. A major observation relies in how the infrequency of corporate decisions may affect standard empirical tests. My thesis suggests that the book to market sorts commonly used in the empirical asset pricing literature have economic content, as they control for the lumpiness in firms' optimal investment policies.My work also elaborates on the effects of asymmetric information and strategic interaction on firms' investment and financing decisions. I study how firms time their decision to raise public equity when outside investors lack information about their future investment prospects. I derive areal-options model that predicts either cold or hot markets for new stock issues conditional on adverse selection, and I provide a rational approach to study jointly the market timing of corporate decisions and announcement effects in stock returns.My doctoral dissertation therefore contributes to our understanding of how under real and financing frictions may bias standard empirical tests, elaborates on how adverse selection may induce hot and cold markets in new issues' markets, and suggests how the underlying economic behaviour of firms may induce alternative patterns in stock prices." @default.
- W2810708081 created "2018-07-10" @default.
- W2810708081 creator A5006820224 @default.
- W2810708081 date "2009-01-01" @default.
- W2810708081 modified "2023-09-27" @default.
- W2810708081 title "Three essays in dynamic corporate finance" @default.
- W2810708081 hasPublicationYear "2009" @default.
- W2810708081 type Work @default.
- W2810708081 sameAs 2810708081 @default.
- W2810708081 citedByCount "0" @default.
- W2810708081 crossrefType "journal-article" @default.
- W2810708081 hasAuthorship W2810708081A5006820224 @default.
- W2810708081 hasConcept C10138342 @default.
- W2810708081 hasConcept C106159729 @default.
- W2810708081 hasConcept C109574028 @default.
- W2810708081 hasConcept C111472728 @default.
- W2810708081 hasConcept C119857082 @default.
- W2810708081 hasConcept C120527767 @default.
- W2810708081 hasConcept C127413603 @default.
- W2810708081 hasConcept C138885662 @default.
- W2810708081 hasConcept C153083717 @default.
- W2810708081 hasConcept C162324750 @default.
- W2810708081 hasConcept C166052673 @default.
- W2810708081 hasConcept C17744445 @default.
- W2810708081 hasConcept C199539241 @default.
- W2810708081 hasConcept C199728807 @default.
- W2810708081 hasConcept C204036174 @default.
- W2810708081 hasConcept C27548731 @default.
- W2810708081 hasConcept C2778776786 @default.
- W2810708081 hasConcept C2778865806 @default.
- W2810708081 hasConcept C41008148 @default.
- W2810708081 hasConcept C78519656 @default.
- W2810708081 hasConcept C80515813 @default.
- W2810708081 hasConcept C94625758 @default.
- W2810708081 hasConceptScore W2810708081C10138342 @default.
- W2810708081 hasConceptScore W2810708081C106159729 @default.
- W2810708081 hasConceptScore W2810708081C109574028 @default.
- W2810708081 hasConceptScore W2810708081C111472728 @default.
- W2810708081 hasConceptScore W2810708081C119857082 @default.
- W2810708081 hasConceptScore W2810708081C120527767 @default.
- W2810708081 hasConceptScore W2810708081C127413603 @default.
- W2810708081 hasConceptScore W2810708081C138885662 @default.
- W2810708081 hasConceptScore W2810708081C153083717 @default.
- W2810708081 hasConceptScore W2810708081C162324750 @default.
- W2810708081 hasConceptScore W2810708081C166052673 @default.
- W2810708081 hasConceptScore W2810708081C17744445 @default.
- W2810708081 hasConceptScore W2810708081C199539241 @default.
- W2810708081 hasConceptScore W2810708081C199728807 @default.
- W2810708081 hasConceptScore W2810708081C204036174 @default.
- W2810708081 hasConceptScore W2810708081C27548731 @default.
- W2810708081 hasConceptScore W2810708081C2778776786 @default.
- W2810708081 hasConceptScore W2810708081C2778865806 @default.
- W2810708081 hasConceptScore W2810708081C41008148 @default.
- W2810708081 hasConceptScore W2810708081C78519656 @default.
- W2810708081 hasConceptScore W2810708081C80515813 @default.
- W2810708081 hasConceptScore W2810708081C94625758 @default.
- W2810708081 hasLocation W28107080811 @default.
- W2810708081 hasOpenAccess W2810708081 @default.
- W2810708081 hasPrimaryLocation W28107080811 @default.
- W2810708081 hasRelatedWork W1495568408 @default.
- W2810708081 hasRelatedWork W1516702980 @default.
- W2810708081 hasRelatedWork W1571773846 @default.
- W2810708081 hasRelatedWork W1902347491 @default.
- W2810708081 hasRelatedWork W2030182674 @default.
- W2810708081 hasRelatedWork W2066348843 @default.
- W2810708081 hasRelatedWork W2194306004 @default.
- W2810708081 hasRelatedWork W2208853362 @default.
- W2810708081 hasRelatedWork W2329873388 @default.
- W2810708081 hasRelatedWork W2371231696 @default.
- W2810708081 hasRelatedWork W2390705586 @default.
- W2810708081 hasRelatedWork W2411818209 @default.
- W2810708081 hasRelatedWork W2482665105 @default.
- W2810708081 hasRelatedWork W3044593435 @default.
- W2810708081 hasRelatedWork W3095641826 @default.
- W2810708081 hasRelatedWork W3123935001 @default.
- W2810708081 hasRelatedWork W3125857244 @default.
- W2810708081 hasRelatedWork W3127366561 @default.
- W2810708081 hasRelatedWork W3202384198 @default.
- W2810708081 hasRelatedWork W3124526251 @default.
- W2810708081 isParatext "false" @default.
- W2810708081 isRetracted "false" @default.
- W2810708081 magId "2810708081" @default.
- W2810708081 workType "article" @default.