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.
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Showing 1 to 20 of 24 for “"Information Frictions"”.
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Information frictions and the integration of international capital markets
… studies examining factors associated with information frictions in the international capital market. Study I examines the impact of loosening disclosure requirements initiated by Rule 12h-6 on firm innovation. Using a difference-in-differences (DID) research design, I predict and find that …
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Information frictions and the integration of international capital markets
… studies examining factors associated with information frictions in the international capital market. Study I examines the impact of loosening disclosure requirements initiated by Rule 12h-6 on firm innovation. Using a difference-in-differences (DID) research design, I predict and find that …
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Learning from Financial Markets and Misallocation
I quantify how information frictions and learning from financial markets affect resource misallocation. I develop a dynamic model that features financial markets guiding managers in large investment decisions – mergers and acquisitions. Due to information frictions, mis-valuation of own firms and …
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Essays in Experimental and Development Economics
This dissertation examines information transmission using online experiments with jobseekers and recruiters in India, as well as survey participants in the U.S. The first chapter is based on joint work with Ronak Shah, the Head of Technology at Apna, and studies information frictions in one aspect …
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Essays in Labor Economics
… These essays provide insights into the information frictions in the labor market and the cost of providing job amenities.</p>
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Essays in Health Economics and Applied Econometrics
… induced them to increase investments in quality: information frictions. I start by showing that there is huge variation in nursing home quality in California: value-added estimates (validated using a distance-based IV strategy) indicate that one standard deviation higher quality is associated with …
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Essays in Financial Economics: Empirical Corporate Finance
… to CEO turnover announcements in the presence of information frictions. We find that the market reaction to forced CEO turnover announcements is negatively related to the level of asymmetric information between a firm and its investors. No such relation exists for voluntary turnovers. We also find …
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Contracting in Direct Asset Sales
… how contracting mechanisms are used to mitigate information frictions in these important transactions. The conflict of interests is unique because the scarcity of asset-specific financial information makes target assets difficult to value and monitor, especially when such transactions are usually …
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Great Ideas (Don't) Sell Themselves: The Disclosure Paradox in Digital Startups Auctions
… are used by high-quality inventors to assuage information frictions, sell their ideas more easily and to capture more value. Surprisingly, confidentiality agreements discourage many potential buyers and are less effective than revenue verification. I estimate that the disclosure paradox leads …
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Can a proxy for international investor sentiment towards emerging markets be identified?
… the assumption that it is too costly to acquire information. Investors thus remain uninformed in the countries in which they invest. Investors try to infer future movements in one market based on how the rest of the market is reacting. The uniformed investors follow the supposedly informed …
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Essays in Financial Economics
… is believed to suffer from search costs and information frictions. New technologies have been invented to overcome these issues. Online platforms such as Product Hunt maintain user-generated profiles of and comments on a portfolio of start-ups. Venture capital investors has been increasingly …
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Essays on Human Capital and Inequality
… correlation, consumption value of investment, information frictions, and credit constraints. We evaluate whether these mechanisms are consistent with other stylized facts related to the marginal returns on investments and the effects of parental income on child investments and skills. In …
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Media Coverage and the Cross Section of Stock Returns A Probe into the JSE
… of stocks markets can alleviate financial information frictions and consequently affect the valuation of securities even when it does not present genuine news. The empirical objective of this research is to investigate this hypothesis by studying media reporting and changes in average stock …
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Essays on international macroeconomics
… price shock. However, I also find that these information frictions reduce the magnitude of business cycle fluctuations, contrary to popular belief. In the second chapter I describe optimal monetary policy in an environment where agents cannot directly observe whether commodity price shocks are …
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ESSAYS ON CORPORATE INNOVATION
… Specifically, it investigates how innovation information disclosure affects firms’ decisions on mergers and acquisitions and cost stickiness, as well as how gender disparity affects innovation outcomes by female inventors.The first chapter (with Connie X. Mao, Xuan Tian, Chi Zhang) studies the …
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ESSAYS ON EDUCATION INVESTMENT DECISIONS
… students in China. I document two types of information frictions that result in systematic biases in parents' beliefs about children's ability: overconfidence in future performance and underestimating college admission requirements. I then introduce two interventions to correct parents' …
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Essays on Strategic Behavior and Economic Decision-Making: Evidence from Retirement Saving, Insurance, and Intergenerational Contexts
… how individuals make economic decisions under information frictions, focusing on strategic behavior, behavioral responses to interventions, and the formation of economic preferences. Essay 1 examines whether economic behavior can be improved through short-term workplace educational …
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Short-run subsidies, take-up, and long-run demand for off-grid solar for the poor: Evidence from large-scale randomized trials in Rwanda
More than a billion people lack access to modern electricity and instead rely on kerosene and other dirty lighting sources, grid expansion is not expected to keep pace with population growth, and both contribute to climate change. Moreover, pneumonia is the leading cause of death for under-fives in …
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Essays on monetary policy and financial markets in heterogeneous economies
… it examines how distributional effects, information asymmetries, and financial frictions influence the transmission and effects of economic shocks. Each chapter contributes to a deeper understanding of macroeconomic dynamics by developing theoretical frameworks and conducting quantitative …
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Essays in Public and Behavioral Economics
… an administrative survey, we find evidence that information frictions, rather than stigma, drive the new take-up. To interpret our findings, we develop a general model of the optimal eligibility threshold for welfare programs with incomplete take-up. Given our empirical results and certain …
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