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  • Influence
Electing Directors
Our research provides the first empirical analysis of uncontested director elections. Using a large sample of data recently available, we find that shareholder votes are significantly related to firmExpand
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Unit IPOs: What the Warrant Characteristics Reveal about the Issuing Firm*
In this paper, we test Chemmanur and Fulghieri's (1997) predictions regarding a unit IPO firm's choice of signaling mix as a function of firm riskiness. We find evidence that both the proportion ofExpand
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A Paper Tiger? An Empirical Analysis of Majority Voting
Majority voting in board elections has emerged as a dominant theme in recent proxy seasons. Analysis of majority voting is important: first, the impact is controversial yet scant empirical evidenceExpand
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The influence of underwriter reputation, keiretsu affiliation, and financial health on the underpricing of Japanese IPOs
Abstract This research examines initial public offering (IPO) underpricing in Japan between 1980 and 1998. Consistent with prior research, we find no evidence that underwriter reputation influencesExpand
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An Examination of Board Stability and the Long-Term Performance of Initial Public Offerings
We study the long-term stock performance of initial public offerings (IPOs). We examine how past performance affects the board of directors’ stability and how changes in boards affect subsequentExpand
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Boards, Executive Excess Compensation, and Shared Power: Evidence from Nonprofit Firms
We investigate how executives, the board, and excess compensation jointly affect the performance of nonprofits. Since the common measure of nonprofit performance often includes salaries, we also useExpand
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Determinants of corporate growth opportunities of emerging firms
Abstract Recently, several questions have been raised about how the market capitalization of young technology firms is determined, even as they continue to generate negative earnings. In this paperExpand
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Underwriter Compensation Structure: Can it Really Bond Underwriters?
Underwriter compensation can be structured as all cash or a combination of cash and warrants. Using a sample of small initial public offerings (IPOs), we find that underwriter compensation contractsExpand
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Boards of directors: a literature review
Purpose - The purpose of this paper is to present a literature review of research on board size, structure, and independence. The paper also reviews research on director voting, and discusses recentExpand
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Will Any "q" Do?
We find that the relative levels of computationally costly "q" estimators and simple "q" estimators, when used as continuous variables, are affected by variations in many firm financialExpand
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