We show that ownership by institutional investors with increased incentives to monitor
decreases the cost of both public and private debt in the REIT industry. Our study focuses on …

This work uses long-term operating accruals, rather than current, as an accounting measure
to identify major anomalies. Past and abundant accounting and financial literature …

Capital Asset Pricing Model (CAPM) is an asset pricing model that is often used by investors.
In CAPM risk comes from two factors, systematic risk and unsystematic risk (idiosyncratic …

The objective of this work is to study the accrual anomaly in Europe and America by sector
and use the accrual anomaly as a trading strategy. This work uses five types of accruals to …

This work uses long-term operating accruals, rather than current, as an accounting measure
to identify major anomalies. Past and abundant accounting and financial literature …

English The objective of this work is to study the accrual anomaly in Europe and America by
sector and use the accrual anomaly as a trading strategy. This work uses five types of …

Bank attention plays an important role in the pricing of corporate debt. Prior studies show
that bank loans serve as certification and monitoring mechanisms that signal firm quality to …

This thesis comprises three essays in empirical asset pricing. My first essay entitled” Are
stock and corporate bond markets integrated? A Big Data Approach” I document the …

This study is carried out with an objective to investigate which component of earnings ie
accruals or cash flows attributed more to explain future earnings of the companies in …