Three essays regarding choice in finance

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dc.contributor Underwood, Shane E.
dc.contributor Mobbs, Houston Shawn
dc.contributor Lee, Junsoo
dc.contributor Taylor, Gary
dc.contributor.advisor Cook, Douglas O. Upton, Katherine M. 2017-03-01T16:59:08Z 2017-03-01T16:59:08Z 2014
dc.identifier.other u0015_0000001_0001516
dc.identifier.other Upton_alatus_0004D_11936
dc.description Electronic Thesis or Dissertation
dc.description.abstract Finance is a social science with quantitative cornerstones. Therefore, the study of behavior and choice is particularly important in finance. This dissertation examines behavioral choices' impact on quantitative outcomes of firms and funds. The first essay investigates the career choices of fund managers and their impact on future fund performance. Using a unique sample of fund managers who began their career in the hedge fund industry and subsequently switched to manage mutual funds exclusively or entered into a side by side arrangement to simultaneously manage mutual funds along with their hedge fund, I examine factors that impact their career moves. The second essay focuses on a firm's choice regarding its public and private debt mix. Using a new comprehensive database that contains U.S. firm-level debt information, I examine models which address how the costs of monitoring and collecting information for the borrowers, the value of being able to renegotiate, project quality, firm ownership, and market externalities affect firms' public versus private debt mix. The final essay examines firms' choices regarding credit line usage. Bank lines of credit, or revolving credit facilities, are a crucial financing option available to corporations. This essay addresses why firms use credit lines, how much they draw on them, and what causes changes to the drawn amount.
dc.format.extent 118 p.
dc.format.medium electronic
dc.format.mimetype application/pdf
dc.language English
dc.language.iso en_US
dc.publisher University of Alabama Libraries
dc.relation.ispartof The University of Alabama Electronic Theses and Dissertations
dc.relation.ispartof The University of Alabama Libraries Digital Collections
dc.relation.hasversion born digital
dc.rights All rights reserved by the author unless otherwise indicated.
dc.subject.other Finance
dc.title Three essays regarding choice in finance
dc.type thesis
dc.type text University of Alabama. Dept. of Economics, Finance, and Legal Studies Finance The University of Alabama doctoral Ph.D.

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