This thesis consists of two chapters that study separate subjects in the area of corporate finance.The first chapter, titled â Economic Gains in Bank Mergers and Acquisitions â Evidence from Targetsâ , investigates economic gains in bank mergers and ...
We propose and analyze a novel Multi Index Monte Carlo (MIMC) method for weak approximation of stochastic models that are described in terms of differential equations either driven by random measures or with random coefficients. The MIMC method is both a s ...
We propose a novel Continuation Multi Level Monte Carlo (CMLMC) algorithm for weak approximation of stochastic models. The CMLMC algorithm solves the given approximation problem for a sequence of decreasing tolerances, ending when the required error tolera ...
This paper examines the financial consequences that inventory leanness has on firm performance. We conduct an econometric analysis using 4324 publicly traded US manufacturing companies for the period 1980-2008. Using an instrumental variable fixed effects ...
In the first chapter of this thesis, I empirically show that the time delay firms face in raising outside capital affects cash holdings. I exploit the 2005 US Securities Offering Reform (the Reform) as a quasi-natural experiment. For a subset of large publ ...
This paper measures the performance in terms of costs of Swiss drinking water utilities accounting for environmental factors. We estimate a translog stochastic variable cost frontier using two different techniques on an unbalanced panel of 141 water distri ...
This thesis analyses three distinct aspects of the economics of water distribution in Switzerland. Climate change and mounting pressure regarding the performance of network industries command an understanding of the drivers of cost and efficiency of water ...
In this study, the authors consider the class of anti-uniform Huffman (AUH) codes. The authors derived tight lower and upper bounds on the average codeword length, entropy and redundancy of finite and infinite AUH codes in terms of the alphabet size of the ...
In this paper we consider the class of anti-uniform Huffman codes and derive tight lower and upper hounds on the average length, entropy, and redundancy of such codes in terms of the alphabet size of the source. Also an upper bound on the entropy of AUH co ...
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