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 4 of 4 for “"shadow cost"”.
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Informal debt contract and consumption : evidence from the vehicle scrappage program/
… This suggests that informal finance can have shadow cost due to informal debt's potential recall risk, and non-pecuniary costs in the forms of social sanction. Moreover, I exploit a unique rebate mechanism of the VSP in China to show that the program design and household liquidity together …
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Essays on Bank Spatial Competition, Stability and Resolution
… focus is on bank performance, regional finance, shadow prices of equity capital, and cost efficiency. The first chapter presents a new competition measure based on two spatial variables: physical distances and Thiessen polygon market boundaries. The results show that spatial competition …
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Relational contracts, incentives and information
… Optimal multilateral contracts equalize the shadow cost of incentive constraints on each relationship, something bilateral contracts will generally fail to do. I derive some novel implications for asset ownership and ex ante investment, and consider ways in which firms might be able to use …
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Three Essays on Market Efficiency and Limits to Arbitrage
… idiosyncratic volatility as a primary arbitrage cost for short sellers. Previous studies document (i) negative abnormal returns for high relative short interest (RSI) stocks, and (ii) positive abnormal returns for low RSI stocks. We examine whether these market inefficiencies can be explained by …