Search
Now showing items 1-10 of 97
Three essays in financial economics
(Massachusetts Institute of Technology, 2013)
In Chapter 1, I propose that abnormal returns generated by price momentum can be explained away within the framework of an existing risk factor model such as the Fama-French three-factor model. Two features of a systematic ...
Essays on corporate governance and investor disagreement
(Massachusetts Institute of Technology, 2013)
This thesis consists of two essays examining the roles of corporate governance and investor disagreement, respectively, in the performance and stock market valuations of firms. In the first chapter, I demonstrate that the ...
Three essays on entrepreneurial quality
(Massachusetts Institute of Technology, 2017)
This dissertation introduces a new method to measure entrepreneurial quality and applies it to three questions of theoretical interest in entrepreneurship. The dissertation is presented in five chapters. Chapter 1 is an ...
Essays on empirical asset pricing
(Massachusetts Institute of Technology, 2018)
This dissertation consists of three chapters. Chapter 1 shows that, for active mutual funds, historical in-sample alpha is a poor predictor of out-of-sample alpha. However, by focusing on a subset of skilled managers who ...
Essays on status recognition and its consequences for top-talent mobility and productivity
(Massachusetts Institute of Technology, 2020)
Organizations increasingly rely on status recognition to motivate members toward higher performance. Yet status recognition inevitably invites social comparisons. Although research in organization theory and strategy has ...
The effect of financial reporting on strategic investments : evidence from purchase obligations
(Massachusetts Institute of Technology, 2020)
I examine whether mandating the disclosure of investments influences firms' strategic interactions. I exploit an SEC regulation requiring firms to report off-balance sheet purchase obligations, such as commitments to ...
Essays in financial economics
(Massachusetts Institute of Technology, 2020)
Chapter 1 constructs a theoretical model of an ETF. Conventional wisdom warns that exchange-traded funds (ETFs) harm stock price discovery, either by ``stealing'' single-stock liquidity or forcing stock prices to co-move. ...
Entrepreneurial organizations and human capital
(Massachusetts Institute of Technology, 2020)
This dissertation investigates how human capital shapes both the creation a nd performance of entrepreneurial organizations. In three essays, I study the intricate linkage between startups and the individuals that embody ...
Institutional theory of naive money
(Massachusetts Institute of Technology, 2018)
In the first chapter, I propose a theoretical framework to elucidate how capital from unsophisticated investors (naive money) is associated with fund performance dynamics. In the framework, when naive money invested in a ...
Essays on the impact of digital information on innovation
(Massachusetts Institute of Technology, 2016)
The first essay describes how intellectual property (copyright law) might affect the diffusion of newly, digitized information. To evaluate this question, I focus on the digitization of a magazine as a part of the Google ...