This dissertation includes two essays. The first essay investigates whether money illusion misleads investors in the stock market. To the extent that anomalies

This dissertation comprises two essays. In the first essay we show that accruals management, sales manipulation, and reckless growth in operating capacity are u

The essays in this volume explain the key structural features of financial inflation that give rise to financial crisis. These features include excessive relian

The second and third chapters show that patterns in local firms' demand for bank finance influence the behavior of individual banks and the structure of the ban