Now showing items 1-3 of 3

    • Golden Parachutes and the Wealth of Shareholders 

      Bebchuk, Lucian Arye; Cohen, Alma; Wang, Changyi Chang-Yi (2014)
      Golden parachutes (GPs) have attracted substantial attention from investors and public officials for more than two decades. We find that GPs are associated with higher expected acquisition premiums and that this association ...
    • Governments as Owners: State-Owned Multinational Companies 

      Cuervo-Cazurra, Alvaro; Inkpen, Andrew; Musacchio, Aldo; Ramaswamy, Kannan (Palgrave Macmillan, 2014)
      The globalization of state-owned multinational companies (SOMNCs) has become an important phenomenon in international business (IB), yet it has received scant attention in the literature. We explain how the analysis of ...
    • Mutual Fund Trading Pressure: Firm-Level Stock Price Impact and Timing of SEOs 

      Khan, Mozaffar; Kogan, Leonid; Serafeim, Georgios (Wiley-Blackwell, 2012)
      In tests of the equity market timing theory of external finance, the prior literature has used overvaluation identifiers such as high market-to-book and high prior returns that are likely correlated with other determinants ...