Dept. of Finance
Studies continually rank the Department of Finance at the University of Illinois as among the world's most productive finance research units. The Department is also home to outstanding teachers who deliver high-quality, challenging courses. Practice and learning converge to give Illinois finance students an active, engaging educational experience - in our pioneering Master of Science in Finance program, our top-tier PhD program, and in our nationally-ranked undergraduate curriculum.
Browse Collections of Items
(2015-01-21)This dissertation contains two chapters: one on CDS and the firm’s behaviour towards risk assumption and the other one corporate liquidity management in emerging markets. The abstracts for each chapter are as follows. Chapter ...
Three Essays on Property: The Microeconomic Foundations of Locational Obsolescence; Holdouts and Cartel Formations in the Land Assembly Process; Compensation for Land Use Regulation: The Lucas Case (1993)Chapter I. The microeconomic foundations of locational obsolescence. Conventional wisdom holds that locational obsolescence is caused by externalities, yet this view implies that externalities fall primarily on building, ...
(1993)This dissertation documents the poor long-run performance of new equity issues during 1970-90. The poor long-run performance of initial public offerings (IPOs) result in lower returns on NASDAQ than on the New York Stock ...
(1993)This paper models bank behavior with respect to capital and risk decisions under capital regulation using an option theoretic approach. We assume that regulatory costs are imposed on equity holders if the bank fails to ...
(1992)This research examines several financial models that have been developed for rate regulation and ratemaking of property-liability insurers over the past fifteen to twenty years. Empirical model estimates of underwriting ...