Thèse de doctorat : Università della Svizzera italiana, 2015 ; 2015ECO007.
The interaction of capital and risk is of primary interest in the corporate governance of banks as it links operational profitability and strategic risk management. Senior executives understand that their organization's monitoring system strongly affects the behaviour of managers and employees. Typical instruments used by senior executives to focus on strategy are balanced scorecards with...
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Thèse de doctorat : Università della Svizzera italiana, 2012 ; 2012ECO003.
The focus of this doctoral thesis is on the determination of the implied cost of capital in the equity market. Three issues are investigated in detail: the relations between the cost of equity capital, the credit spread and the economic growth; the links between realized market returns and the cost of capital; and the forecasting power of the implied discount factor in predicting market...
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Thèse de doctorat : Università della Svizzera italiana, 2008 ; 2008ECO006.
The existence of asymmetric information amongst market’s agents determines consequences and behaviour that can impact investors’ decision processes. This thesis is an empirical analysis of some of this consequences. It is composed of three integrated essays. The first two investigate the impact on the firm’s cost of capital and on the firm’s trading liquidity from a reduction in the...
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