Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
Results
Showing 1 to 8 of 8 for “"Asset Substitution"”.
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Essays on banking
… relationship banking and price banking under the asset substitution problem. The bank-customer relationship is assumed to provide a credible commitment for a borrower to refrain from transacting with other banks. The outcome under relation-ship banking is second-best since underinvestment results …
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Investment behaviour analysis of oil and gas exploration and production: evidence from the United Kingdom continental shelf.
… which negates the MERUK objectives of effective asset stewardship. Furthermore, the study explored the extent to which UKCS E&P firms may have explored asset substitution (i.e. choosing to develop either crude oil or natural gas discoveries), when the pricing of the other hydrocarbon is volatile, …
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Agency conflicts in financial contracting with applications to venture capital and CDO markets
… behavior and quantify under-investment and asset substitution problems, calibrating to market parameters.
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Two Essays on Convertible Debt
… not found for managers take into consideration asset substitution concerns when setting the equity value in a convertible debt issue. The second essay examines why are abnormal returns negative for the equity during the convertible debt's issuance period. This has been documented by Dann and …
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Essays on Macroeconomic Implications of International Capital Flow and Fiscal Uncertainty
… general equilibrium(DSGE) model with imperfect asset substitution between short and long-term government bonds, I find that shocks to long-term U.S debt held by foreign official institutions have expansionary effects on the economy--they lower the long-term interest rate and increase output, …
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Fair Value Pension Accounting, Corporate Risk and Investment
… to scheme-specific characteristics, such as asset allocation and pension scheme solvency. Consequently, the chapter argues that the observed inconsistency in reporting across firms brings into question the efficacy of fair value accounting for assessing corporate risk. The second research …
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Momentum, Nonlinear Price Discovery and Asymmetric Spillover: Sovereign Credit Risk and Equity Markets of Emerging Countries and
… relationships between any two cointegrated assets may change. To capture this phenomenon, this study tests for nonlinearities that may characterize the regimes, how cointegration relationships, short term dynamic interaction and price discovery (speed of adjustment to new information between …
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Essays in corporate finance and investments
This dissertation studies the interplay of asset and liability sides of balance sheets, and considers both the level and the risk attributions of investments and financing sources. The first chapter links financing frictions on the liability side to investment risk on the asset side. It studies the …