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Author: Katherine M. Upton Publisher: ISBN: Category : Electronic dissertations Languages : en Pages : 118
Book Description
Finance is a social science with quantitative cornerstones. Therefore, the study of behavior and choice is particularly important in finance. This dissertation examines behavioral choices' impact on quantitative outcomes of firms and funds. The first essay investigates the career choices of fund managers and their impact on future fund performance. Using a unique sample of fund managers who began their career in the hedge fund industry and subsequently switched to manage mutual funds exclusively or entered into a side by side arrangement to simultaneously manage mutual funds along with their hedge fund, I examine factors that impact their career moves. The second essay focuses on a firm's choice regarding its public and private debt mix. Using a new comprehensive database that contains U.S. firm-level debt information, I examine models which address how the costs of monitoring and collecting information for the borrowers, the value of being able to renegotiate, project quality, firm ownership, and market externalities affect firms' public versus private debt mix. The final essay examines firms' choices regarding credit line usage. Bank lines of credit, or revolving credit facilities, are a crucial financing option available to corporations. This essay addresses why firms use credit lines, how much they draw on them, and what causes changes to the drawn amount.
Author: Katherine M. Upton Publisher: ISBN: Category : Electronic dissertations Languages : en Pages : 118
Book Description
Finance is a social science with quantitative cornerstones. Therefore, the study of behavior and choice is particularly important in finance. This dissertation examines behavioral choices' impact on quantitative outcomes of firms and funds. The first essay investigates the career choices of fund managers and their impact on future fund performance. Using a unique sample of fund managers who began their career in the hedge fund industry and subsequently switched to manage mutual funds exclusively or entered into a side by side arrangement to simultaneously manage mutual funds along with their hedge fund, I examine factors that impact their career moves. The second essay focuses on a firm's choice regarding its public and private debt mix. Using a new comprehensive database that contains U.S. firm-level debt information, I examine models which address how the costs of monitoring and collecting information for the borrowers, the value of being able to renegotiate, project quality, firm ownership, and market externalities affect firms' public versus private debt mix. The final essay examines firms' choices regarding credit line usage. Bank lines of credit, or revolving credit facilities, are a crucial financing option available to corporations. This essay addresses why firms use credit lines, how much they draw on them, and what causes changes to the drawn amount.
Author: Michael S. Finke Publisher: ISBN: Category : Electronic Dissertations Languages : en Pages : 110
Book Description
This dissertation examines household characteristics the impact financial decision making. The first essay explores the role of cognitive ability in numeracy, risk tolerance, credit decisions, wealth and retirement savings and asset allocation and finds that cognitive ability is an important predictor of financial decisions. The second essay develops a new instrument to measure time discounting and models asset accumulation and asset allocation and finds that a factor score of intertemporal behaviors is significantly related to both asset accumulation and asset allocation. The third essay documents the decline in basic financial knowledge among households over 60 using a new financial literacy instrument developed to more accurately capture a household's ability to make effective balance sheet, credit, investment, and insurance choices.
Author: Katherine M. Upton
Author: Katherine M. Upton
Author: Charl Kengchon
Author: Edward Glidewell
Author: Michael S. Finke
Author: Walter E. Pohl
Author: Christopher A. Parsons
Author: Da Eun Jung
Author: Peter Tufano
Author: Stephen M. Andoseh
Author: Gordon Eric Klein