東華大學圖書館 |

Language: English

Help

回圖書館首頁

手機版館藏查詢

Back

Switch To: Labeled | MARC Mode | ISBD

Essays on Information Structure and ...

Chen, Alvin.

Linked to FindBook

Google Book

Amazon

博客來

Essays on Information Structure and Corporate Policies.

Record Type:	Electronic resources : Monograph/item
Title/Author:	Essays on Information Structure and Corporate Policies./
Author:	Chen, Alvin.
Published:	Ann Arbor : ProQuest Dissertations & Theses, : 2019,
Description:	107 p.
Notes:	Source: Dissertations Abstracts International, Volume: 81-04, Section: A.
Contained By:	Dissertations Abstracts International81-04A.
Subject:	Finance. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=13881517
ISBN:	9781085783484

Essays on Information Structure and Corporate Policies.
Chen, Alvin.

Essays on Information Structure and Corporate Policies. - Ann Arbor : ProQuest Dissertations & Theses, 2019 - 107 p.

Source: Dissertations Abstracts International, Volume: 81-04, Section: A.

Thesis (Ph.D.)--University of Washington, 2019.

This item must not be sold to any third party vendors.

These essays explore the connection between the structure of information and corporate policies. The first essay, "Firm Performance Pay as Insurance for Workers," studies a setting in which non-executive workers compete against each other for promotions into higher level positions. I show that when workers prefer early resolution of uncertainty, information about firm output generates promotion risk, against which firm performance pay insures. The second essay, "Fighting Fire with Fire: Mitigating Information Asymmetry with Open-Market Repurchase Program," analyzes the effects of open-market repurchase programs on liquidity. I find that in the presence of other informed traders, share repurchases generate two competing effects on liquidity trading costs. I provide conditions under which repurchase programs mitigate the adverse selection problem, rather than exacerbate it.

ISBN: 9781085783484Subjects--Topical Terms:

542899
Finance.

Essays on Information Structure and Corporate Policies.
LDR:01939nmm a2200325 4500 001 2264169
005 20200423112740.5
008 220629s2019 ||||||||||||||||| ||eng d
020 $a 9781085783484
035 $a (MiAaPQ)AAI13881517
035 $a AAI13881517
040 $a MiAaPQ $c MiAaPQ
100 1 $a Chen, Alvin. $3 3541274
245 1 0 $a Essays on Information Structure and Corporate Policies.
260 1 $a Ann Arbor : $b ProQuest Dissertations & Theses, $c 2019
300 $a 107 p.
500 $a Source: Dissertations Abstracts International, Volume: 81-04, Section: A.
500 $a Advisor: Bond, Philip.
502 $a Thesis (Ph.D.)--University of Washington, 2019.
506 $a This item must not be sold to any third party vendors.
506 $a This item must not be added to any third party search indexes.
520 $a These essays explore the connection between the structure of information and corporate policies. The first essay, "Firm Performance Pay as Insurance for Workers," studies a setting in which non-executive workers compete against each other for promotions into higher level positions. I show that when workers prefer early resolution of uncertainty, information about firm output generates promotion risk, against which firm performance pay insures. The second essay, "Fighting Fire with Fire: Mitigating Information Asymmetry with Open-Market Repurchase Program," analyzes the effects of open-market repurchase programs on liquidity. I find that in the presence of other informed traders, share repurchases generate two competing effects on liquidity trading costs. I provide conditions under which repurchase programs mitigate the adverse selection problem, rather than exacerbate it.
590 $a School code: 0250.
650 4 $a Finance. $3 542899
650 4 $a Economics. $3 517137
650 4 $a Economic theory. $3 1556984
690 $a 0508
690 $a 0501
690 $a 0511
710 2 $a University of Washington. $b Business - Foster School of. $3 2122850
773 0 $t Dissertations Abstracts International $g 81-04A.
790 $a 0250
791 $a Ph.D.
792 $a 2019
793 $a English
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=13881517