Full Citation
Title: Essays in Entrepreneurship and Financial Economics
Citation Type: Dissertation/Thesis
Publication Year: 2018
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Abstract: The chapters in this dissertation study entrepreneurship activity and capital market behavior. In Chapter 1, I ask whether the opportunity cost of marriage affects female entrepreneurship. I use World War II casualties as exogenous shocks to local marriage markets across the US and test whether women in high-casualty regions were more active in starting new businesses than women in low-casualty regions. In Chapter 2, I examine hedge funds’ strategic behaviors at investment conferences. I evaluate performances of their stock pitches through event studies and analyze the behaviors and motives of various types of investors. In Chapter 3, my coauthors and I compare two asset pricing tests, the Fama-MacBeth cross-section test versus the Jensen’s alpha time-series test. We study their relevance to a risk-averse investor facing transaction costs as well as their statistical power of detecting anomalies in capital markets.
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Authors: Luo, Cheng
Institution: Harvard University
Department: Economics
Advisor: Lauren H. Cohen and Christopher J. Malloy
Degree: Doctor of Philosophy
Publisher Location:
Pages: 157
Data Collections: IPUMS USA
Topics: Family and Marriage, Other
Countries: United States