Now showing items 1-5 of 5
A Treatise on Downside Risk
(Virginia Tech, 2013-04-24)
This dissertation is comprised of two papers. The first paper (Chapter 1) provides the theoretical foundation for the estimation of systematic downside risk. Using a new approach, I derive a measure of downside systematic ...
Essays in Corporate Finance
(Virginia Tech, 2015-10-26)
This dissertation comprises two essays in financial economics. They study how firms finance and invest in innovative and intangible assets. The first essay examines the impact of technology spillovers on corporate financing ...
Three essays on mispricing and market efficiency
(Virginia Tech, 2014-07-23)
This dissertation consists of three essays. The first essay studies the impact of indexing on stock price efficiency. Indexing has experienced substantial growth over the last two decades because it is an effective way of ...
Two Essays in Finance: Momentum Loses its Momentum, and Venture Capital Liquidity Pressure
(Virginia Tech, 2014-04-01)
My dissertation consists of two papers, one in the area of investment and the second in the area of corporate finance. The first paper examines robustness of momentum returns in the US stock market over the period 1965 to ...
Three Essays on Market Efficiency and Limits to Arbitrage
(Virginia Tech, 2016-03-28)
This dissertation consists of three essays. The first essay focuses on idiosyncratic volatility as a primary arbitrage cost for short sellers. Previous studies document (i) negative abnormal returns for high relative short ...