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 33 for “"Product Market Competition"”.
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International Evidence on Product Market Competition and Firm Value
Economic theory and empirical research suggests product market competition can result in both positive and negative capital market effects. Specifically, research suggests competition reduces agency costs, but also reduces profitability. I examine the relation between product market competition and …
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Capital structure and product market competition: evidence from the EU life insurance industry.
University of Minnesota Ph.D. dissertation. July 2012. Major: Business Administration. Advisor: Prof. Stephen Parente. 1 computer file (PDF); v, 47 pages, appendices A-C.
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Capital structure and product market competition : an empirical analysis of the supermarket industry
Thesis (Ph. D.)--Massachusetts Institute of Technology, Dept. of Economics, 1993.
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Unraveling the Impact of Product Market Competition and Earnings Volatility on Zero Leverage Policies
This thesis investigates the relationship between product market competition and zero leverage behavior within firms, aiming to uncover how these dynamics interact. Additionally, it explores whether firms characterized by higher earnings volatility exhibit a more pronounced positive relationship …
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Essays in Financial Economics: Empirical Corporate Finance
… firm events and their interactions with the market. Chapter 1 is a joint work with Kose John, Xu Tian, and Yihan Liu. In this chapter, we analyze the market reaction to CEO turnover announcements in the presence of information frictions. We find that the market reaction to forced CEO turnover …
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Innovation & competition in a memory process
Does innovation increase or decrease with more competition when innovation follows a memory process? This thesis provides a theoretical model which analyzes the innovation and competition relationship assuming that innovation follows a memory process, i.e. the current probability of innovation …
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Three Essays on Dynamic Corporate Finance in Continuous Time
… of individual firms' leverage dynamics and product market competition. Equity holders are unable to commit to a future debt level and determine the firms' financing, production, entry and exit decisions. Non-commitment makes debt financing more expensive as debt holders foresee a ratchet up …
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Three essays on financial economics
My first essay, Product Market Competition, R&D Investment and Stock Returns, considers the interaction between product market competition and investment in research and development (R&D) to tackle two asset pricing puzzles: the positive R&D-return relation and the positive competition-return …
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Taxes and Product Market Outcomes: Asymmetric Effects of Tax Cuts on Winners v. Losers
… versus loss-making firms affects their product prices and market share. Using data that allow for direct pricing and product tests - airline route and pricing data - I find evidence consistent with differential consequences of tax rate cuts for profitable versus loss firms. Specifically, …
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Human Capital Specificity and Corporate Capital Structure
… incumbent workers in a local labor market. My results indicate that the opening of a new manufacturing plant in a given county leads to a 2.6-3.9% increase in the leverage of existing manufacturing firms in the county, relative to the leverage of manufacturing firms in an otherwise …
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Silence is Golden? Evidence from Social Disclosure Gap
… gap. I also show that customer awareness and product market competition are channels that link the social disclosure gap to the cost of equity capital. My findings contribute to the debate around the challenges hindering the widespread adoption of sustainability, including the absence of a …
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Is there a case for an augmented Tobin’s Q model of R&D investment? Investigating the role of market structure, knowledge spillovers and corporate governance quality
… Tobin’s Q theory, or more precisely, the role of market returns adjusted for replacement cost of capital and its implications for expectations formation. To do this, I propose using the one-period-ahead growth rate of Tobin’s average Q instead of average Q itself as a measure of expected …
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Private Equity and Product Quality in Healthcare
… the effects of private equity (PE) investment on product quality among healthcare providers. In the first essay, I study the determinants of PE manager behavior, focusing on the role of product market competition. Using the nursing home setting as a backdrop, I consider the broader question of …
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Contagion of a Crisis, Corporate Governance, and Credit Rating
… scheme -- to maximize their utility in the product market competition. That is, we assess the effects of the competitive structure of a product market on a firm's corporate governance structure. We show that shareholders determine the corporate governance structure, including the manager's …
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The role of venture capitalists in financing and developing high-technology start-ups
… financing from VCs, I empirically evaluate a market for affiliation with prominent partners. I hypothesize that the price for association is increasing in the prominence of the affiliation partner. By assembling a novel sample of start-ups with multiple financing offers, I analyze offers made …
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Three Essays on the Impact of Foreign Direct Investment on Productivity
… inward foreign direct investment (FDI) and the productivity relationship by providing both a theoretical and empirical contribution to the existing literature. Chapter 2 studies how inward FDI can affect economic growth. We extend a leader-follower endogenous growth model and highlight …
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Imperfect competition in product markets and labor markets, general equilibrium and unemployment
In this thesis it is analyzed if promoting product market competition can help to to fight unemployment in Europe. We have used a general equilibrium model in order to study how reducing mark-ups and increasing productivity in one sector affect aggregate unemployment for an exogenously given …
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Three essays in macroeconomics
… beyond the profit-maximizing size. When goods markets are imperfectly competitive, firms are too small relative to the social optimum. In such circumstances, insiders' tendency to increase investment, employment and output are at once costly for shareholders and beneficial for the economy. …
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Real options and strategic interactions in imperfectly competitive markets
… considered from the perspective of competitive market structures. The models in this thesis show the synergies obtainable when real options ideas are embedded in industrial organisation-type frameworks. The results are insights that neither field, thus far, has captured independently.Firstly, we …
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Essays on the Theory of Investment Subsidy
… firm's investment timing decision and choice of market entry mode under uncertainty and irreversibility. We investigate how a host country can affect the firm's investment decisions through providing investment incentives. The real options approach to valuation is applied, and three main …
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