Thesiss

Essay I investigates the behavior of research and development ( R&D) investment: how sensitive is R&D investment to available cash flow for financially constrained and unconstrained firms? One important distinction between R&D investment and investment in physical capital is tha…

Essay 1: Corporate Governance Mechanisms and Corporate Cash Holdings. The first essay of the dissertation examines the relationship between firm-level corporate governance mechanisms and cash holdings, and their combined effect on firm value for a sample of firms listed in Singa…

This dissertation explores three topics in economic development. Chapter 1 develops and tests a framework for identifying the effect of changes in individual incomes on aggregate migration. Using rich data from Indonesia and a novel two-step estimator suggested by the theory, I …