Financial Policy and Ownership Stability

dc.contributor.advisorPrabhala, Nagpurnananden_US
dc.contributor.advisorWermers, Russellen_US
dc.contributor.authorKozora, Matthew Leeen_US
dc.contributor.departmentBusiness and Management: Financeen_US
dc.contributor.publisherDigital Repository at the University of Marylanden_US
dc.contributor.publisherUniversity of Maryland (College Park, Md.)en_US
dc.description.abstractI investigate the relationship between corporate financial policy and the ownership stability of a firm's institutional shareholders. In each chapter of my dissertation I empirically investigate this relationship in a different setting: the first chapter with respect to earnings management, the second chapter with respect to corporate spin-offs, and the third chapter with respect to payout policy. Unique to my research I utilize the complete ownership history of each institutional stock position to create measures of ownership stability including fund investment horizon and ownership length. Overall, I find significant relationships between each one of the three financial policies and measures of ownership stability.en_US
dc.subject.pqcontrolledEconomics, Financeen_US
dc.subject.pquncontrolledFinancial Institutionsen_US
dc.subject.pquncontrolledFinancial Policyen_US
dc.subject.pquncontrolledOwnership Stabilityen_US
dc.titleFinancial Policy and Ownership Stabilityen_US


Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
600.2 KB
Adobe Portable Document Format