Cornell University
Library
Cornell UniversityLibrary

eCommons

Help
Log In(current)
  1. Home
  2. Cornell University Graduate School
  3. Cornell Theses and Dissertations
  4. Three Essay in Corporate Finance

Three Essay in Corporate Finance

File(s)
Volkova_cornellgrad_0058F_10261.pdf (4.99 MB)
Permanent Link(s)
https://doi.org/10.7298/X4N29V2H
https://hdl.handle.net/1813/51603
Collections
Cornell Theses and Dissertations
Author
Volkova, Ekaterina
Abstract

This dissertation explores three different aspects in corporate finance. My first essay explores governance from the side of blockholders. My second essay explores governance from the side of the Securities and Exchange Commission (SEC). And my third essay overview and summarizes recent literature in the IPO field. In Chapter 1, “Blockholder Diversity: Effect of Polyphony on the Power of Monitoring”, I investigate how the differences in skill, incentives and preferences between large shareholders in the company affect the power of their monitoring. My findings suggest that diversity between blockholder creates disagreement that have strong negative influence of the power of their governance. Such adverse influence is also reflected in the future dynamics of company value and performance. In Chapter 2 (joint with Michelle Lowry and Roni Michaely) “Information Revelation Through Regulatory Process: Interactions Between the SEC and Companies Ahead of the IPO”, we explore the main determinants of extensiveness and focus of SEC review of companies before they go public. In the second part of this chapter we explore what investors could learn from the information disclosed during this review process. In Chapter 3 (joint with Michelle Lowry and Roni Michaely) “Initial Public Offerings: a Synthesis of the Literature and Direction for Future Research” we provide a literature review of recent papers in the IPO field. In addition, we also explore how the main stylized facts behave of the large sample of IPOs between 1972 and 2015.

Date Issued
2017-05-30
Keywords
Blockholder
•
Corporate Governance
•
IPO
•
Finance
Committee Chair
Michaely, Roni
Committee Member
Lowry, Michelle
Yonker, Scott
Campello, Murillo
Degree Discipline
Management
Degree Name
Ph. D., Management
Degree Level
Doctor of Philosophy
Type
dissertation or thesis

Site Statistics | Help

About eCommons | Policies | Terms of use | Contact Us

copyright © 2002-2026 Cornell University Library | Privacy | Web Accessibility Assistance