This thesis studies the origins and consequences of financial crises, and computational techniques to solve continuous-time economic models that explain such crises.The first chapter shows that financial recessions are typically characterised by a large ...
This paper estimates the impact of stress-testing on lending spreads. We use firm-level data onsyndicated loans matched with bank holding company (BHC) data in our panel regressions.Using a difference-in-difference framework, we find: (1) BHCs that failed ...
This thesis addresses the question of a patent value from three different angles. It comprises three papers on the patent valuation methods. The patent valuation issues are well-known to the world of research and practice. However, the debates over what th ...
This thesis develops three models that study the motivation of various agents to take on debt,
and the impact that excessive financial leverage can have on social welfare.
In the chapter "Short-term Bank Leverage and the Value of Liquid Reserves", the ince ...
The policy response to the recent financial crisis has broadly focused on two themes: 1) Increasing the banking sectorsâ resilience to future financial shocks: 2) Improving credit availability to households and firms via lowering both short and long-term ...
In this paper we consider a multinational corporate structuring problem. This problem involves designing a corporate/organisational structure (across different countries) so as to remit profits from a number of subsidiaries to a single parent company, whil ...
Twitter is a popular micro-blogging service on theWeb, where people can enter short messages, which then become visible to some other users of the service. While the topics of these messages varies, there are a lot of messages where the users express their ...
The allocation of resources for research is increasingly based on so-called ‘bibliometrics’. Scientists arenow deemed to be successful on the sole condition that their work be abundantly cited. This world-wide trendappears to enjoy support not only by gran ...
Prior literature tells us VCs are responsible for ousting founders from their leadership positions and replacing them with professional management around IPO time. This argument assumes all founders are equally incapable of running a company beyond the ini ...
In this dissertation, I determine the strategic options of energy service companies active in urban areas. This work is developed considering the wider EU policy framework, namely a liberalised energy market, environmental protection and security of supply ...
The aim of this thesis is to understand the World as a full-fledged object, namely as the space of a society. This objective is at the same time necessary and problematic. It is necessary because the sudden end of the Cold War entailed the need of new conc ...