In Chapter 1, we set up an equilibrium model which emphasizes cost of corporate governance. The model indicates that better corporate governance increases the likelihood [...]

This dissertation contains three chapters. In the first chapter, we empirically examine how diversification influences the relation between corporate governance and capit[...]

In Chapter 1, we use a large sample of new debt to examine the determinants of corporate debt mix and to test the substitute/complement effects among debt sources. We fin[...]