Browsing by Subject "Finance"
Now showing items 1-20 of 79
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A Financial and Policy Analysis of Small Photovoltaic Ownership for Investor-Owned Utility Customers in North Carolina
(2013-04-24)As a source of clean distributed generation, small solar photovoltaic (PV) systems for residential investor-owned utility (IOU) customers can yield significant benefits to their owners along with a cleaner energy ... -
Aggregate Deferred Tax Asset Valuation Allowance and GDP Growth
(2022)This paper examines whether deferred tax asset valuation allowance growth, as a measure of expected future performance, aggregated at the macroeconomy level, conveys information about future GDP growth. Using hand-collected ... -
An Evaluation of Microgrid-Based Enterprise Viability
(2020-04-20)The global need to meet population housing needs through infrastructure development is at odds with the urgent necessity to mitigate the impacts of climate change. This investigation considers the relationships between ... -
Applications of Statistical and Economic Analysis in Finance and Health Industry
(2015)This paper intends to present my summary of internship and some academic individual and team projects, including a quantitative and statistical analysis of some important Macro factors and financial models, and a data analysis ... -
Applied Dynamic Factor Analysis for Macroeconomic Forecasting
(2018)The use of dynamic factor analysis in statistical modeling has broad utility across an array of applications. This paper presents a novel hierachical structure suited to a particular class of predictive problems - those ... -
Asymmetric Correlations in Financial Markets
(2013)This dissertation consists of three essays on asymmetric correlations in financial markets. In the first essay, I have two main contributions. First, I show that dividend growth rates have symmetric correlations. Second, ... -
Cash Flows: A Media Archeology of Financial Engineering, 1958-1987
(2023)The advent and generalization of digital computing machines in the twentieth century spelled a wholesale revolution in communication technologies. As with every technological revolution, this one came irreducibly co-involved ... -
Collateral Enforcement and the Secondary Market
(2023)This dissertation investigates the role of the secondary market in the enforcement of a creditor's security interest. In the first chapter, I examine how creditors respond to ex-post higher foreclosure costs. I find that ... -
Computation in Macroeconomic Asset Pricing
(2011)This dissertation investigates computational methods for macroeconomic asset pricing models. It demonstrates that advances in economic modeling often require advances in computation and highlights a particular case where ... -
Corporate Governance and Institutional Trading
(2014)This dissertation includes two parts. The first part examines the preventive effect of hedge fund activism against corporate policy deviations. Using stock liquidity and mutual fund fire sales as instruments, I find that ... -
Daily House Price Indexes: Volatility Dynamics and Longer-Run Predictions
(2014)This dissertation presents the construction procedure of “high-frequency” daily measure of changes in housing valuations, and analyzes its return dynamics, as well as investigates its relationship to capital ... -
Dynamic Capital Budgeting, Compensation, and Security Design
(2015)This thesis examines how various agency frictions affect corporate financing, capital budgeting, managerial compensation and investment in dynamic settings. In the internal capital budgeting process, the agency issues considered ... -
Dynamic Compensation and Investment with Limited Commitment
(2014)In this dissertation I study the role of limited commitment in dynamic models. In the first part, I consider firms that face uncertainty shocks in a principal-agent setting but have only limited ability to commit to long-term ... -
Dynamic modeling and Bayesian predictive synthesis
(2017)This dissertation discusses model and forecast comparison, calibration, and combination from a foundational perspective. For nearly five decades, the field of forecast combination has grown exponentially. Its practicality ... -
Economic Channels for Influence Over Governments
(2022)This dissertation focuses on how economic markets provide channels for influence over government policy. Specifically, I examine three levels of analysis: the household, the financial security, and the foreign state. Economic ... -
Embedding Climate Change in Strategic Investment Decision-Making: Developing a Global Timber Resource Constraint Under Climate Scenarios
(2020-04-24)Climate change is a growing risk to the private sector. Research has shown that today’s financial assets at risk from climate change total between US$2.5 trillion and $24.2 trillion by 2100 . To mitigate this, our client, ... -
Essays in Applied Financial Econometrics
(2015)This dissertation studies applied econometric problems in volatility estimation and CDS pricing. The first chapter studies estimation of loss given default from CDS spreads for U.S. corporates. This paper combines a term ... -
Essays in Asset Pricing
(2013)The three essays in this dissertation explore the role of fluctuations in aggregate volatility and global temperature as sources of systemic risk. The first essay proposes a production-based asset pricing model and provides ... -
Essays in Corporate Finance
(2012)I study the effect of human capital on firms' leverage decisions in a structural dynamic model. Firms produce using physical capital and labor. They pay a cost per employee they hire, thus investing in human capital. ...
