• Publications
  • Influence
Pricing of Private Placements of Equity
Building on the models of Benveniste & Spindt (1989) and Maksimovic & Pichler (2006), the present paper examines the optimal pricing and allocation mechanism for private placements of equity. Our
Dynamics of General Purpose Technologies in an Open Economy
While the Helpman-Trajtenberg model is successful in explaining the macroeconomic cycle generated by GPT in the context of a closed economy, open-economy implications regarding GPT have received
We empirically decompose private benefits into benefits accruing from ownership and benefits accruing from control. We document that private benefits increase slowly with respect to the ownership
Corporate social responsibility, market competition, and shareholder wealth
ABSTRACT This paper examines the association between corporate social responsibility (CSR), product market competition (PMC) and shareholder wealth by analysing CSR and market data from January 2006
Corporate governance, product-market competition, and stock returns: evidence from the Korean market
This study examines the relationship among market competition, corporate governance, and stock returns in Korea, a representative emerging market. We find that the relation between product-market
Pneumonectomy Case in a Newborn with Congenital Pulmonary Lymphangiectasia
Pneumonectomy can be considered for treating respiratory symptoms for improving chances of survival in cases with unilateral CPL, reports a case of pneumonectomy in a newborn.
Directors’ and Officers’ Liability Insurance and Firm Value
This study examines the effect of directors' and officers' liability (D&O) insurance on firm value. Previous studies are divided on the value implication of D&O insurance: some argue for various