Managing the risk associated with unexpected changes in interest rates is a problem facing borrowers, lenders and fixed income security dealers. Financial instrument futures contracts were created to provide a mechanism ...

The application of four theories of regulatory behavior are tested on the property-liability insurance industry through the use of a simultaneous equations system. Insurance profitability and regulation are the endogenous ...

Traditional finance theory assumes separation of the financing and operating decisions in a firm. Any decision to issue more policies by an insurance firm is an operating decision. It also changes the liability side of the ...

The Government National Mortgage Association (GNMA) pass-through security is a secondary mortgage market instrument whose Federally-guaranteed cash flows mirror the payments on an underlying pool of government-insured ...

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 ...

This thesis presents two essays in Corporate Finance. In the first essay, I use the August 2007 crisis episode to gauge the effect of financial contracting on real firm behavior. I identify heterogeneity in financial ...

This dissertation studies the interplay of asset and liability sides of balance sheets, and considers both the level and the risk attributions of investments and financing sources. The first chapter links financing ...

This dissertation contains two chapters that are related with corporate finance and law. Below are the individual abstracts for each chapter. Chapter 1: Do Patent Lawsuits Cause M&A? An Experiment Using Uncertain Lawsuits I ...