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Three Essays in Asset Pricing and Investment
(State University of New York at Buffalo, 2018)
The first essay documents that when Treasury securities go “off the run,” search frictions heighten and matching trades becomes more difficult. This event allows us to isolate the effects of search frictions on market ...
THREE ESSAYS ON LENDING AND CORPORATE DEBT STRUCTURE
(State University of New York at Buffalo, 2018)
This dissertation explores bank lending and corporate debt structure. The first essay tests the impact of government expropriation risk on the terms of cross-border syndicated loans. By comparing loans by foreign lenders ...
ESSAYS ON RETURN PREDICTABILITY IN EQUITY MARKET AND CORPORATE BOND MARKET
(State University of New York at Buffalo, 2018)
Whether asset returns are predictable is among the most enduring issues in finance.
Institutional Investors and the Beta Anomaly
(State University of New York at Buffalo, 2018)
I investigate the impact of institutional ownership on the beta anomaly and find that the beta anomaly is concentrated in stocks with high institutional ownership. Further examination shows that only ownership from short-term ...