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 17 of 17 for “"information costs"”.
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Which version of the equity market timing affects capital structure, perceived mispricing or adverse selection?
… The first two measures use estimates of adverse information costs based on the bid and ask prices, and the third measure is based on the close-to-offer returns. Based on received theory, a dynamic adverse selection model implies that higher adverse information costs lead to higher leverage. On …
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Variation in the Dynamic Response of Housing Markets
… then interacted with the hypothesized effects of information costs, supply costs, and expectations of future price behavior to uncover variation in the dynamic response of housing. The results suggest that fluctuations in home sale transactions volume, construction costs, and expectations of …
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Mobile phones and market participation among smallholder farmers in the Bolivian altiplano
… to market (or with higher transportation costs) are more self-sufficient than households closer to the market (or with lower transportation costs). One promising theory on why self-sufficiency increases faster than transportation costs is that the markets are volatile and information about …
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Switch: A Case Study of Voter Turnout following Electoral Change in a School Board Election
… that some unseen intervening variable such as information costs may be influencing the relationship and significance between voter turnout and election structure.
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An analysis of the cost-effectiveness of selected government- supported training programs
In certain situations, information costs and training related externalities may lead to under investment in human capital, i.e., a non-Pareto equilibrium in which marginal social return to human capital investment exceeds its marginal social cost. When this situation occurs, it may be economically …
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Firm access to capital markets in Europe
… in the banking sector creates fewer information costs than low concentration, suggesting the structural intensity in the banking sector creates more the external finance premium for small firms which have high reliance on banks to finance their investment. However, the measures of …
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New Methods and Perspectives on the Administration of American Elections
… I find that convenience in the form of lowered information costs has a significant impact on usage of vote by mail. Then, I find that detected rates of tabulation errors in post-election audits varies dramatically across states, likely due to administrative differences in how re-tabulation is …
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Decentralization: a case study in state wastewater discharge permit programming
… from 39 states. Key intervening variables -- information costs, innovation, and strategic planning -- characteristic of the theoretical effects of decentralization received special attention. Case studies based on interviews and document studies in five states illustrate key points. The large …
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Articles on the impact of diversification on real estate firms
… volatility, positively impacting its capital costs and overall value. However, diversification can also increase agency and information costs, exacerbating issues such as overinvestment and inefficient capital allocation. Therefore, the net effect of diversification on a real estate firm …
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Three Essays On Merger Outcomes: Corporate Strategy, Bargaining Power, And Valuation Waves
… is preferable to an auction in the presence of information costs. Subsequently, I test the bargaining power hypothesis; which states that the strength of the acquiring and target managers’ bargaining positions drives the distribution of wealth. In mergers that start as auctions, the winning …
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Permanent misperceptions and the public sector: the median voter model
… impact of individual misperceptions about the costs and benefits of public activities on the size of the public sector. In chapters 2 and 3, the literature on misperceptions and deceptive practices in competitive markets and in the public sector was reviewed. It was demonstrated that because …
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Investment Cash Flow Sensitivity: International Evidence
… developed countries, indicating higher costs of information problems and lower availability of external capital in such countries. The results are robust to six different measures of financial development. We also find a strong negative relationship between investment cash-flow …
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Essays On Ipo Cycles And Windows Of Opportunity
… pointed out that time-varying characteristics of information asymmetry might induce windows of opportunity in capital market when information asymmetry is relatively low. During windows of opportunity, private firms can issue public equity with lower information costs and more favorable terms. …
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Immigrant Communities, Human Capital Externalities And Labor Market Outcomes
… self-employed, for example by affecting certain costs, such as transaction and information costs, associated with entrepreneurship. I find that immigrants with low levels of human capital are more likely to enter into self-employment if their ethnic communities have higher levels of human capital …
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Inter-relationship between the capital structure and distribution policies of companies listed on the JSE
Previous studies have invoked information costs, the trade-off theory and the pecking-order theory as well as agency problems to explain capital structure and distribution strategies independently. However, the theories of the signalling, pecking-order, trade-off and agency cost suggest that a …
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The determinants of political behavior : evidence from three randomized field experiments
… following questions: 1) What factors, including costs, information, and attitudes explain people's failure to register and vote, as well as their choice to vote for an extremist party, and 2) How do institutions and political campaigns affect these factors? In many countries (including the US) …
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Essays in Applied Microeconomics
… suggest that consumers do not always value more information about the product, and they sometimes even try to avoid receiving new information. This might be due to self-image or social image concerns. However, little has been said in the literature on how such tendencies manifest themselves in a …