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Date of Award
Doctor of Philosophy (PhD)
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.
Chair and Committee
Anjan V. Thakor
Taylor Begley, Jason Donaldson, Radhakrishnan Gopalan, Yaron Leitner,
Vuong, Thao Minh, "Essays in Corporate Finance and Banking" (2019). Arts & Sciences Electronic Theses and Dissertations. 1957.
Available for download on Wednesday, November 04, 2020