Private equity (PE) funds are increasingly important to the economy and now serve as the
primary vehicle for raising new capital. However, a limited understanding of the unique PE …

The aim of general purpose financial reporting is to provide information that is useful to
investors, lenders, and other creditors. With this goal, regulators have tended to mandate …

Investors have a finite capacity to organize all information they receive from financial
disclosures. Under rational inattention, we show that investor processing capacity affects the …

We study the fundamental financial reporting choices–audit, auditor, and accounting
standard–of PE funds and evaluate whether these choices affect funds' capital formation. We …

Prior research provides little evidence about whether the information demands of private
lenders affect the information environment of borrowers' public shareholders. Using a …

Abstract Assessing the Paycheck Protection Program (PPP)—a financial rescue program
designed to cover firms' payroll expenses during the Covid-19 pandemic—I document that …

This study aims to examine the effect of voluntary disclosure on stock liquidity. The study
sample consists of 23 insurance companies listed on the (ASE), over 10 years (2010–2019) …

We develop a model of voluntary disclosure where firm managers care about debtholders'
payoff out of concerns for their reputation or lending relationship. We derive a novel double …

Essays on Corporate Finance Page 1 1 Essays on Corporate Finance Submitted by Jian Liu
to the University of Exeter as a thesis for the degree of Doctor of Philosophy in Finance …

One of the biggest economic issues facing businesses today is indebtedness, which has a
direct impact on an organizational performance. The best balance of equity and debt is the …