Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 2 of 2
Full-Text Articles in Business
Essays On The Impact Of Institutional Investors On Firms' Liquidity And Payout Policy, Munira Ismail
Essays On The Impact Of Institutional Investors On Firms' Liquidity And Payout Policy, Munira Ismail
University of New Orleans Theses and Dissertations
This dissertation consists of 2 essays in the area of corporate finance. The title of my first essay is “Impact of Institutional Investors on Firms’ Financial Constraint and Liquidity”. We can find ample evidences in existing literature which show that institutional investors play a vital role in the corporate world. Many researchers have linked institutional investors to activism, monitoring benefits, mitigating the cost of debt using government bond, spin off activities and improving information asymmetry problem. In the first essay, I would like to add another dimension to institutional investors’ literature by examining institutional investors’ role in mitigating financial constraint …
Two Essays In Finance: Analyzing The Value Of Cash To U.S. And Non-U.S. Firms And Institutional Trading In Stock Index Futures, Li Xu
University of New Orleans Theses and Dissertations
In the first chapter, we analyze the role of market development, risk premium, and transparency as factors influencing the value of cash in firms listed as American Depository Receipts. Based on the method by Pinkowitz and Williamson (2002), our primary results are as follows. The market value of cash is greater on average for ADR firms than for U.S. firms, and within the ADR sample the value of cash is greater for firms based in less developed countries after 2007 financial crisis but not before. Together, the results suggest that the market development is especially important during more volatile periods. …