• Publications
  • Influence
Management Quality, Certification, And Initial Public Offerings ♣
Abstract We empirically examine the relationship between the quality and reputation of a firm's management and various aspects of its IPO and post-IPO performance, a relationship that has so farExpand
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The medium of exchange in acquisitions: Does the private information of both acquirer and target matter?
We present a direct test of the choice of the medium of exchange in acquisitions when both acquirers and targets possess private information about their own intrinsic values. We test threeExpand
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Management Quality, Financial and Investment Policies, and Asymmetric Information
We develop measures of the management quality of firms and make use of a unique sample of hand-collected data to examine the relationship between the reputation and quality of a firm’s management andExpand
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Family control and dilution in mergers
We analyze the influence of the level as well as the change in family ownership on value creation in mergers involving newly public firms. Our findings suggest that acquirers with low levels ofExpand
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Management Quality and Antitakeover Provisions
Abstract We present the first empirical analysis of the relationship between a firm’s management quality and the prevalence of antitakeover provisions in its corporate charter and their influence onExpand
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Why Issue Tracking Stock? Insights from a Comparison with Spin-offs and Carve-outs
In recent years, tracking stocks, which amount to a new form of corporate restructuring, have been gaining in popularity. In 1999 alone, 17 companies announced new tracking stock issues, and byExpand
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Speed and consequences of venture capitalist post-IPO exit
Abstract We examine the determinants of the speed at which venture capitalists exit a firm after its IPO and the influence of their exit on firm value. We hypothesize that the speed of VC exit willExpand
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Multiple blockholders, power, and firm value
Using a comprehensive sample of US firms we show that most of them have multiple blockholders whose presence and ownership stakes lead to a significant difference between ownership and power. ThisExpand
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Why Issue Tracking Stock? Insights from a Comparison with Spin-offs and Carve-outs
Toxic heavy metal ions are removed from water by electrochemical replacement as the water flows through a tandem bed of (a) activated zinc and then (b) magnesium alloyed with a minor amount ofExpand
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Management Quality, Financial Policies, and Performance of Seasoned Equity Issuers
Using a unique sample of hand-collected data on the management quality of firms making seasoned equity offerings (SEO), we examine the relationship between the reputation and quality of a firm’sExpand
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