Stein, JeremyMa, Angela2024-06-0120242024-05-072024Ma, Angela. 2024. Empirical Analyses on Non-Bank Financial Intermediaries. Doctoral dissertation, Harvard University Graduate School of Arts and Sciences.31293074https://nrs.harvard.edu/URN-3:HUL.INSTREPOS:37378794This thesis examines the economics of non-bank financial intermediaries and aims to address two questions. First, why do non-bank intermediaries arise alongside banks in a given market? Second, what are the real effects of non-bank financial intermediation? In the following essays, I study these questions in three different settings: the business lending market, the consumer lending market, and the corporate going-public market.application/pdfenBankBusinessConsumerCorporateFinancial intermediaryNon-bankEconomicsFinanceThesis or Dissertation2024-06-010009-0002-7639-8708