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Articles 1 - 4 of 4
Full-Text Articles in Business
Three Essays On Corporate Governance And Corporate Social Responsibility, He Wang
Three Essays On Corporate Governance And Corporate Social Responsibility, He Wang
Theses and Dissertations
In recent years, corporate social responsibility (CSR) activities, which are firms actions that go above and beyond the interests of the firm to further the social good, have become common practice. While extant literature on CSR largely investigates the consequences of CSR activities, only a few studies identify the determinants of CSR. This dissertation extends a growing literature on the determinants of CSR by exploring the impact of corporate governance on CSR activities in three related essays. The first essay investigates the impact of family control on CSR performance. Using newly collected data on the ultimate ownership structure of publicly …
Three Essays In Finance, Liying Wang
Three Essays In Finance, Liying Wang
Theses and Dissertations
This dissertation is composed of three essays on corporate credit markets and corpo- rate finance. The first essay examines the impact of unconventional monetary policies (UMPs), including Quantitative Easing (QE), Operation Twist (OT), and Forward Guidance (FG), on corporate credit markets. These policies were expected to reduce credit spreads by decreasing credit risk premium and/or liquidity premium, and to further lengthen borrowing maturity. During the crisis, Quantitative Easing (QE) 1 reduced these risk premia as expected. However, after the crisis, QE 2 and Oper- ation Twist announcements increased fears of a weaker economy and, consequently, widened credit spreads. In contrast, …
Three Essays In Banking: Corporate Governance, Internationalization, And Government Bailouts, Raluca A. Roman
Three Essays In Banking: Corporate Governance, Internationalization, And Government Bailouts, Raluca A. Roman
Theses and Dissertations
This dissertation extends a growing literature on banking and finance by investigating bank corporate governance, internationalization, and bailouts. The first essay conducts the first assessment of shareholder activism in banking and its effects on risk and performance. Activism can create value and be an effective monitoring mechanism for banks, but it may also be a destabilizing mechanism, as maximizing shareholder value may cause financial instability. We focus on the conflicts among bank shareholders, managers, and creditors (e.g., regulators, deposit insurers, taxpayers, depositors). We find activism may generally be a destabilizing force, increasing bank risk-taking, but creating market value for shareholders, …
Examining The Impact Of Offshoring And Level Of Preparer Judgment On The Audit Review Process, Kristen Kelli Saunders
Examining The Impact Of Offshoring And Level Of Preparer Judgment On The Audit Review Process, Kristen Kelli Saunders
Theses and Dissertations
Offshoring audit tasks is becoming common among international accounting firms. Although tasks currently performed offshore require preparers to exercise little or no professional judgment, firms are poised to expand the volume and scope of procedures performed offshore. While critics argue that offshoring results in reduced audit quality, advocates maintain that offshored procedures are reviewed and supervised by U.S. auditors, and that offshoring may actually improve audit quality. However, little is known about how offshoring impacts reviewers and the review process. This study explores how offshoring interacts with varying levels of preparer judgment to influence reviewers’ judgments. Because firms plan to …