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Fall 2014
The overall purpose of this thesis is to extend and apply the Markov Switching Multifractal (MSM) model to various economic problems. To this extent, Chapter 1 lays the ground work for the next chapters by reviewing the MSM model, discussing its properties and outlining its estimation procedures....
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Fall 2016
This study examines innovative activities of firms under environmental regulation and import competition. In particular, the first and the second chapters discuss the Porter Hypothesis, which suggests a positive link between stringent environmental regulation and firm innovation, from a...
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Fall 2024
The integration of distributed energy resources (DERs) such as solar panels and batteries is crucial for the modernization and sustainability of the electricity grid. These technologies can significantly enhance grid resilience and flexibility by diversifying energy sources and reducing reliance...
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Spring 2010
The first essay provides evidence on the origins of the size and value premiums by examining how order flow in the SMB and HML portfolios relates to economic conditions and investor sentiment. We find that buying pressure for SMB and HML is lower (increases) when economic conditions are expected...