Date of Award

Summer 8-15-2019

Author's School

Graduate School of Arts and Sciences

Author's Department

Business Administration

Degree Name

Doctor of Philosophy (PhD)

Degree Type



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.


English (en)

Chair and Committee

Anjan V. Thakor

Committee Members

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


Permanent URL:

Available for download on Wednesday, August 04, 2100