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 14 of 14 for “"rent extraction"”.
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CEO-to-worker Pay Disparity and the Cost of Debt
… CEO-to-worker pay disparity could suggest CEO rent extraction which increases credit risk or effective labor cost management that decreases credit risk. Overall results of this study indicate increased CEO-to-worker pay disparity is associated with a lower cost of debt (a higher probability of …
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The Role of Portfolio Disclosures in the Mutual Fund Industry
… in performance manipulation and managerial rent extraction, evidenced by decrease in risk shifting and management fees. The results are pronounced among funds that offer institutional share classes, suggesting that institutional investors benefit more from the new disclosures. I also show …
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Do executives get more pay prior to deteriorations of firm performance?
… behavior. This finding supports the managerial rent-extraction, rather than efficient contracting, explanation for the negative association between current pay and future performance. Consequently, such rent-seeking behavior is followed by even poorer long-term operating and stock performance in …
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Essays on intellectual property rights and product differentiation
… has been to show the possibility of full rent extraction by the patent holder when uncertainty in litigation is taken into consideration. The result of the theoretical model has practical policy implication regarding the design of an optimal patent system. The other highlight of this …
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Prometheus unbound: quality of government and institutionalised grand corruption in public procurement
… public resources available for corrupt rent extraction; second, they change the motivations for and controls of corruption. In Czech Republic, Hungary, and Slovakia, the first effect increases the value of particularistic resource allocation by up to 1.21% of GDP, while the second effect …
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Price of anarchy in supply chains, congested systems and joint ventures
… penetration, total profit, social welfare and rent extraction. We quantify the performance with tight upper and lower bounds. We show that with substitutes, while competition improves the efficiency of a decentralized supply chain, the asymmetry among the retailers deteriorates the performance. …
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“Canada in One City”: Austerity Urbanism and the Financialization of Ottawa's Private Rental Sector
… centres on the financialization of private rental housing in Canada, and Ottawa, Ontario in particular. With some exceptions (August and Walks, 2018; August, 2020; Crosby, 2020, Nethercote, 2020; August, 2021) there has been relatively little scholarly focus on the financialization of rental …
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Essays in dynamic political economy
… set of agents who want to become members, but current members decide policy in the next period. This generates feedback effects: an organization with a policy x may attract a population with a median-preferred policy higher than x, so a higher policy will be chosen in the next period; but the new …
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Essays on international corporate cash holdings
… is ascribed to financial reforms that eliminated rent-extraction opportunities by banks. While I document some commonality in the determinants of cash policies, some determinants are employed differently by the various countries indicating divergence in cash practices. </p> <p>The second chapter …
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Digitalization, Marketization and Authoritarianism in Ethiopia: Towards New Political Economy of Power [védés előtt]
… efforts to maintain economic stability and rent extraction by containing unrest through information control and coercion. Although physical force as a tool of repression is often justified by various political rationales such as law and order, the incumbent regime usually evades overt …
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Essays in International Trade and Macroeconomics
… of the Cremer and McLean (1988) information rent extraction result. In the third essay, I investigate the rationale behind East Asian countries' adoption of currency pegging strategies during periods of accelerated growth and explores the optimal peg level in the context of nominal wage …
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Essays on Executive Compensation and Managerial Entrenchment.
… we further examine if CEOs are rewarded differentially for shareholder wealth-generating (good) and shareholder wealth-destroying (bad) acquisitions. Controlling for firm size, our estimates suggest that CEOs are paid a 3.5-4% premium in post-acquisition pay, which increases the pay of the …
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Essays in financial economics
… in project choice to limit managerial rent-seeking behavior. Unlike in previous theories, a short-term bias in investment horizons maximizes firm value in the second-best case, whereas managers themselves prefer long-horizon projects. Short-termism benefits the firm in two ways: it …
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Essays on Communication and Signaling: Evidence, Inference, and Persuasion
… the implications of partial disclosure in a different context. As disclosures affect the beliefs of key actors in each scenario, optimal information design is an important consideration, and I try to characterize it and identify potential pitfalls in each case. Chapter 1 considers the disclosure …