Browsing by Department "Finance"
Now showing items 21-23 of 23
Three Essays on Exchanged-traded funds and Institutional ownership
(2023-03-16)
The first essay examines the replacement effect of smart beta ETFs on closet-factor active mutual funds. The results show that smart beta ETFs offer factor exposures at lower fees and, therefore, higher risk-adjusted returns ...
Three Essays on Financial Institutions and Markets
(2019-04-26)
In chapter 1, given the financial troubles facing state pension plans in recent years, we examine determinants of the ratio of assets to liabilities, or the funded ratio, based on data for 153 pension plans from 2001 to ...
Three Essays on Market Efficiency and Corporate Payout Policy
(2019-04-29)
Chapters 1 and 2 of this dissertation discuss a special form of regulation, soft intervention, in China. Securities Laws in China are administered by the Chinese Securities Regulatory Commission (CSRC). The CSRC has great ...