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dc.contributor.advisorKoski, Jenniferen_US
dc.contributor.authorKalodimos, Jonathan Anthonyen_US
dc.date.accessioned2014-10-13T19:54:10Z
dc.date.available2014-10-13T19:54:10Z
dc.date.submitted2014en_US
dc.identifier.otherKalodimos_washington_0250E_13101.pdfen_US
dc.identifier.urihttp://hdl.handle.net/1773/26230
dc.descriptionThesis (Ph.D.)--University of Washington, 2014en_US
dc.description.abstractThe first chapter of my thesis examines the effect of corporate governance on performance using nonprofit hospitals as an economic environment with muted external governance mechanisms and patient survival of a heart attack as an unambiguous measure of performance. I find that a one standard deviation increase in strength of governance reduces the probability of death by 0.86 percentage points after controlling for patient characteristics. The second chapter of my thesis examines why a stock's market exposure, beta, varies across return frequencies. We provide a risk-based explanation for this frequency dependence of beta by introducing uncertainty about the effect of systematic news on firm value (opacity) into a frictionless model. We document a robust relationship between the frequency dependence of betas and proxies for opacity.en_US
dc.format.mimetypeapplication/pdfen_US
dc.language.isoen_USen_US
dc.rightsCopyright is held by the individual authors.en_US
dc.subjectGovernance; Hospitals; Nonprofitsen_US
dc.subject.otherFinanceen_US
dc.subject.otherEconomicsen_US
dc.subject.otherHealth care managementen_US
dc.subject.otherbusiness administrationen_US
dc.titleEssays on Corporate Governance and Asset Pricingen_US
dc.typeThesisen_US
dc.embargo.termsOpen Accessen_US


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