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Essays in Macro-Finance and Asset Pricing / Amr Elsaify.
- Format:
- Book
- Thesis/Dissertation
- Author/Creator:
- Elsaify, Amr, author.
- Language:
- English
- Subjects (All):
- Finance.
- Economics.
- Finance--Penn dissertations.
- Penn dissertations--Finance.
- Local Subjects:
- Finance.
- Economics.
- Finance--Penn dissertations.
- Penn dissertations--Finance.
- Genre:
- Academic theses.
- Physical Description:
- 1 online resource (146 pages)
- Contained In:
- Dissertation Abstracts International 79-01A(E).
- Place of Publication:
- [Philadelphia, Pennsylvania]: University of Pennsylvania ; Ann Arbor : ProQuest Dissertations & Theses, 2017.
- Language Note:
- English
- System Details:
- Mode of access: World Wide Web.
- text file
- Summary:
- This dissertation consists of three parts. The first documents that more innovative firms earn higher risk-adjusted equity returns and proposes a model to explain this. Chapter two answers the question of why firms would choose to issue callable bonds with options that are always "out of the money" by proposing a refinancing-risk explanation. Lastly, chapter three uses the firm-level evidence on investment cyclicality to help resolve the aggregate puzzle of whether R&D should be procyclical or countercylical.
- Notes:
- Source: Dissertation Abstracts International, Volume: 79-01(E), Section: A.
- Advisors: Nikolai Roussanov; Committee members: Joao Gomes; Urban Jermann.
- Department: Finance.
- Ph.D. University of Pennsylvania 2017.
- Local Notes:
- School code: 0175
- ISBN:
- 9780355130003
- Access Restriction:
- Restricted for use by site license.
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