Abstract

This dissertation examines the disciplining role of different types of investors and stakeholders of a firm and how that affects the firm's behaviors and characteristics. The first chapter studies the interaction of equity investors and debtholders in monitoring the firm and its effects on the efficiency of the firm's stock price. The second chapter studies how capital buffer requirements should be set by financial regulators in response to risk-shifting incentives by financial institutions. The third chapter first shows that the effect of a single large shock on a networked financial system might be different from that of a sequence of smaller shocks with the same cumulative magnitude and then analyzes optimal government intervention.

Committee Chair

Anjan V. Thakor

Committee Members

Taylor Begley, Jason Donaldson, Radhakrishnan Gopalan, Yaron Leitner,

Comments

Permanent URL: https://doi.org/10.7936/8x9a-8z54

Degree

Doctor of Philosophy (PhD)

Author's Department

Business Administration

Author's School

Graduate School of Arts and Sciences

Document Type

Dissertation

Date of Award

Summer 8-15-2019

Language

English (en)

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Available for download on Tuesday, July 27, 2100

Included in

Business Commons

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