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Some of the material in is restricted to members of the community. By logging in, you may be able to gain additional access to certain collections or items. If you have questions about access or logging in, please use the form on the Contact Page.
My study combines the process of asset composition of REITs with the REITs' contribution in real estate mutual fund portfolios. I examine the relationship between property acquisition/disposition and equity REIT performance. I find...
Early in the history of secondary education, the school were considered as institutions devoted to the education of a selected few. As late as 1892 a national committee on education took the position that the main function of the high...
I examine two different types of market data. First, I examine how distress risk is priced. Previous literature finds mixed results when examining if distress risk is priced in the cross section of returns, depending on whether firm...
This dissertation explores the dark side of corporate political connections. Chapter One investigates the reputational spillover effect between scandal-tainted congresspersons and politically-connected firms. During the period 1992-2018, ...
The author has made this study of the actual receipts and expenditures in public education for Escambia County, Florida for two main reasons. First, to gain a clearer insight into the financing of education in this county, and to learn...
During my childhood, my family owned a small convenience store that served members of our community. However, our family business had to close because of customers who failed to pay. I find that small businesses tend to be more...
The first essay examines CEO pay cuts. Understanding CEO pay cuts allows for a better overall understanding of CEO compensation policies. I provide a comprehensive analysis of the board's design of the executive compensation contract...
The default threshold framework for credit risk modeling developed by Garreau and Kercheval [SIAM Journal on Financial Mathematics, 7:642-673, 2016] enjoys the advantages of both the structural form models and the reduced form models, ...
This dissertation is comprised of two essays that focus on the role of disposition effect to market reactions in seasoned equity offerings and the importance of considering the dynamics of reference price in disposition effect. The first...
This dissertation examines two underdeveloped topics in the field of corporate finance. In the first chapter, I detail the impact of expectations on the performance of firms under the leadership of new CEOs. I seek to answer the...
The goal of this dissertation was to advance understanding of family financial socialization in Black families by documenting specific content socialized, how (implicit or purposive) that content was socialized, and the relation of such...
Chapter one examines how weather conditions near a firm’s major institutional investors affect stock market reactions to firms’ earnings announcements. We find that unpleasant weather experienced by institutional investors leads to...
The overall purpose of this dissertation is to provide insight into the role surplus lines insurance companies play within the insurance industry. Surplus lines insurers are regulated quite differently than standard insurance companies, ...
Letter from Henry A. Kissinger to Dan Metts, Jr., November 15, 1954
Description:
Henry A. Kissinger regretfully denies Dan Metts, Jr. his request for Confluence vol. 2 No. 4, and explains Confluence's financial inabilities to send complimentary copies to the United States. There are pencil notes taken on this typed...
Motivated by understanding the devastating financial crisis in 2008 that was partially caused by underestimation of financial risk, we propose a class of time-varying mixture models for risk analysis and management. There are various...
The first chapter of my dissertation uses the financial crisis as a natural experiment to analyst the extent to which firms adjust financial policies on the margin in response to the credit supply shock of the financial crisis. We...
The purpose of this dissertation is to offer two complementary proposals to enhance our knowledge of security returns' behavior and analysis. The original assumption that this behavior is best described by a normal distribution underlies...
This dissertation examines the relationship between the presence of international investors and firm success. The first chapter of my dissertation examines the relationship between international venture capital investors and private firm...
This dissertation consists of two independent essays on corporate finance. The first essay explores the trend in the profitability of U.S. firms, why it occurs and how firms respond to it. We document that the return on assets (ROA) of U...
We examine the information content of derivative prices. In Chapter 1, we examine the information content of implied volatility for both future realized volatility and future returns. Previous studies have explored possible seasonal...
In this dissertation two distinct but complimentary topics are researched. The first chapter investigates the residual income and return on asset performance of 19, 444 different CEOs at non-financial firms spanning 53 years including 2...
Stock price reactions to reverse stock splits are examined in relation to various firm characteristics and market movements. It is found that the market reacts stronger on the ex-date than on the announcement date. The market reaction...
This dissertation consists of two related essays examining the consequences of corporate litigation for U.S. public firms. In the first essay, we use a comprehensive sample of 83, 260 cases filed and resolved in U.S. Federal District...
The main focus of this dissertation is to examine liquidity determinants of stock returns in a time-series asset-pricing model. The main questions I address are if the effects of liquidity on asset returns have significant time-variation...
College prices have risen at a dramatic pace, with tuition increasing over 200% since 1989. Federal and state aid programs have long provided support to students' efforts to cover the costs of college; however, some argue that aid...
In this dissertation, I look at the forecasting power of implied volatility. I decompose implied volatility into a risk component and a sentiment component, and examine the forecasting power of these components for future returns and...
This thesis directly deals with the developmental path and business aspects behind bringing a drug to market. The drug and science that is focused on pertains to concussion and treatment of this condition. If you are a scientist...
This dissertation studies the consequences of paying CEOs too much and paying CEOs too little. My first essay examines the effects of excess executive compensation on the future performance of S&P 1500 companies from 1992-2011. We...
Strategists at the largest financial institutions have, for years, offered asset allocation advice to their clients. Given the size of these firms and the trillions of investment dollars they influence, the value of this active asset...
This dissertation studies the role of cultural holidays in equity pricing. In the first essay, we study individual stock returns in eleven major international markets that celebrate six cultural New Year holidays not on January 1st. Our...
The first essay examines the real asset returns of investments of initial public offering funds. During an IPO, a firm receives a large influx of capital. The firm can invest these proceeds in three major categories: fixed asset capital...
This dissertation examines the post-earnings-announcement drift in two essays. In the first essay, computer aided content analysis is used to examine the incremental informativeness of quarterly earnings conference calls for earnings...
Describes his intention on moving to London the first Tuesday of February. Mentions an originally enclosed letter from a wealthy man who values something close to one-hundred and thirty-thousand pounds. Discusses the French-imported...
The intended use of proceeds variable is a publicly available data source provided by issuing firms via the proxy statement filed with the Securities and Exchange Commission. The first essay of this dissertation finds that firms stating...
My dissertation focuses on examining the role that sovereign wealth funds (SWFs) play in the economy. Research in the foreign investment literature generally finds positive impacts associated with foreign investment. However, the...
The first essay examines the motives behind why CEOs manipulate earnings and quantifies the gains accruing from each motive. Prior literature has identified that CEO manipulate earnings for personal gain; in this I estimate the direct...
In the first essay, I formulate an empirical model that lets me estimate what bidders pay for separate components of a target's sources of cash flows. Specifically, my model allows me to examine previously disparate threads in the...
We study how the decision by management to release or withhold signals about firm value in industries with only a few top competitors depends not only on the company's own financial attributes but also on the strategic relationship among...
We examine the relationship between the share of ‘non-traditional’ members, such as African-Americans and women, present on a firm’s board of directors and firm value. We also explore the implications of the presence of non-traditional...
Letter from Henry A. Kissinger to Ms. Louise Richardson, October 8, 1952
Description:
Henry A. Kissinger thanks Louise Richardson for her latest response and is sorry to hear that the Florida State University library will not subscribe to Confluence in the near future. Kissinger hopes that Richardson can reconsider at a...
I have composed a three essay dissertation. I examine mutual and/or exchange traded funds in an attempt to give a deeper understanding of the interplay between our financial markets and fund investors, in order to: 1) determine the...
The purpose of this dissertation is to determine whether potential trading rule profits are unique to specific strategies or whether they are associated with factors already known to impact stock returns. In the course of examining this...
The purpose of this study is to evaluate the effects of Florida's Best and Brightest Teacher Scholarship on the retention rates of "High-Quality" Teachers. In 2015, the state provided $44 million for recruitment and retention bonuses of ...
Chapter One examines the possibility of labor upgrading during the financial crisis of 2008-2009. We use granular information on the intended demand of foreign workers by publicly traded U.S. firms during 2005–2012 to examine firm-level...
My dissertation examines the impact that executive compensation has on external financing decisions. In my first essay I examine the long-run stock and operating performance of firms following seasoned equity offerings based on the level...
The first essay examines the extent to which individual demographic characteristics influence capital structure decisions. I estimate the joint effects of traditional capital structure determinants and manager age, gender, education, ...
We use increases and decreases in the ranking scores of Fortune’s Most Admired Companies to test the proposition that media shocks can increase (decrease) the value of a manager’s reputational capital and, thus, enhance (diminish) his...
The purpose of this dissertation is to examine financial market liquidity when investors and markets face financial crises. The investigation attempts to discern changes in investor behavior and if evidence exists to support the theory...
Chapter One examines how the exemption of short sale uptick tests due to the Regulation SHO pilot program affects managers' decisions to abandon value-reducing acquisition attempts. We find that when deciding whether to abandon value...
Some of the material in is restricted to members of the community. By logging in, you may be able to gain additional access to certain collections or items. If you have questions about access or logging in, please use the form on the Contact Page.
