Finance and Financial Management Commons^™

Empirical Essays On Corporate Financing Behaviors, Joonsung Won

Dissertations, Theses, and Capstone Projects

This dissertation provides an investigation into how external factors influence corporate financing decisions and examines the nature and extent of their impact. To address this, I explore three key external factors: the financial market, financial institutions, and regulatory environment. The chapters explore how the financial market risk perception, financial institutions, and regulatory environment affect corporate financing decisions such as capital structure, bank borrowing, and regulatory capital issuance.

Chapter 1. This chapter presents the motivation and structure of the dissertation.

Chapter 2. Using a recently developed measure of financial market risk perceptions, I show that risk perceptions affect firm-level corporate financing …

Essays In Corporate Responsibility And Finance, Mert Demir

Dissertations, Theses, and Capstone Projects

This dissertation consists of three chapters:

Chapter 1: The Effects of Corporate Social Performance and Social Norms on Market Valuation of Nonfinancial Disclosures Using a novel measure of the quality of corporate social responsibility (CSR) disclosures by global companies, this paper analyzes how CSR report quality affects firm value when mediating roles of social pressure and CSR performance are considered. I find that firms operating in socially controversial industries enjoy higher valuations when they issue high-quality CSR reports. I also find that for firms with poor CSR performance, higher-quality CSR disclosure is associated with a decline in firm value, while …