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020 ▼a 9781085783484
035 ▼a (MiAaPQ)AAI13881517
040 ▼a MiAaPQ ▼c MiAaPQ ▼d 247004
0820 ▼a 330
1001 ▼a Chen, Alvin.
24510 ▼a Essays on Information Structure and Corporate Policies.
260 ▼a [S.l.]: ▼b University of Washington., ▼c 2019.
260 1 ▼a Ann Arbor: ▼b ProQuest Dissertations & Theses, ▼c 2019.
300 ▼a 107 p.
500 ▼a Source: Dissertations Abstracts International, Volume: 81-04, Section: A.
500 ▼a Advisor: Bond, Philip.
5021 ▼a Thesis (Ph.D.)--University of Washington, 2019.
506 ▼a This item must not be sold to any third party vendors.
506 ▼a This item must not be added to any third party search indexes.
520 ▼a These essays explore the connection between the structure of information and corporate policies. The first essay, "Firm Performance Pay as Insurance for Workers," studies a setting in which non-executive workers compete against each other for promotions into higher level positions. I show that when workers prefer early resolution of uncertainty, information about firm output generates promotion risk, against which firm performance pay insures. The second essay, "Fighting Fire with Fire: Mitigating Information Asymmetry with Open-Market Repurchase Program," analyzes the effects of open-market repurchase programs on liquidity. I find that in the presence of other informed traders, share repurchases generate two competing effects on liquidity trading costs. I provide conditions under which repurchase programs mitigate the adverse selection problem, rather than exacerbate it.
590 ▼a School code: 0250.
650 4 ▼a Finance.
650 4 ▼a Economics.
650 4 ▼a Economic theory.
690 ▼a 0508
690 ▼a 0501
690 ▼a 0511
71020 ▼a University of Washington. ▼b Business - Foster School of.
7730 ▼t Dissertations Abstracts International ▼g 81-04A.
773 ▼t Dissertation Abstract International
790 ▼a 0250
791 ▼a Ph.D.
792 ▼a 2019
793 ▼a English
85640 ▼u http://www.riss.kr/pdu/ddodLink.do?id=T15491192 ▼n KERIS ▼z 이 자료의 원문은 한국교육학술정보원에서 제공합니다.
980 ▼a 202002 ▼f 2020
990 ▼a ***1816162
991 ▼a E-BOOK