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- Publications
- Influence
Stock Return Predictability: A Bayesian Model Selection Perspective
- K. Cremers
- Economics, Computer Science
- 1 July 2002
TLDR
Takeovers and the Cross-Section of Returns
- K. Cremers, V. Nair, K. John
- Economics
- 1 April 2009
This paper considers the impact of takeover (or acquisition) likelihood on firm valuation. If firms are more likely to acquire during times when they have free cash and/or when the required rate of… Expand
Explaining the Level of Credit Spreads: Option-Implied Jump Risk Premia in a Firm Value Model
- K. Cremers, J. Driessen, Pascal J. Maenhout
- Economics
- 1 September 2008
Prices of equity index put options contain information on the price of systematic downward jump risk. We use a structural jump-diffusion firm value model to assess the level of credit spreads that is… Expand
Does the Market for CEO Talent Explain Controversial CEO Pay Practices
- K. Cremers, Yaniv Grinstein
- Business
- 1 July 2014
Benchmarking, pay for luck, and the large compensation packages given to CEOs in recent years are three major controversial compensation practices. We examine the extent to which variation in the… Expand
Takeover Defenses and Competition: The Role of Stakeholders
- K. Cremers, V. Nair, U. Peyer
- Business
- 1 December 2008
This article studies the interaction between takeover defenses and competition. We find that firms in more competitive industries have more takeover defenses. This suggests that product market… Expand
Determinants of Patent Litigation in Germany
- K. Cremers
- Business
- 2004
This paper presents an empirical analysis of the determinants of patent litigation in Germany, based on information from suits filed during the period from 1993 to 1995 at two of the three most… Expand
Internal Capital Markets and Corporate Politics in a Banking Group
- K. Cremers, R. Huang, Z. Sautner
- Economics
- 1 October 2009
This study looks inside a large retail-banking group to understand how influence within the group affects internal capital allocations and lending behavior at the member bank level. The group… Expand
Institutional Investors and Proxy Voting on Compensation Plans: The Impact of the 2003 Mutual Fund Voting Disclosure Regulation
- K. Cremers, R. Romano
- Business
- 1 March 2011
This paper examines the impact on shareholder voting of the mutual fund voting disclosure regulation adopted by the SEC in 2003, using a paired sample of management proposals on executive equity… Expand
Incidence, Settlement and Resolution of Patent Litigation Suits in Germany
- K. Cremers
- Engineering
- 2006
Patents are government grants of an entitlement to enforce a legal right. This means that, although the safeguarding and enforcement of property rights are essential for investment, trade and… Expand
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- PDF
1 STAGGERED BOARDS AND FIRM VALUE , REVISITED
This paper revisits the association between firm value and staggered boards. We document that firms adopting a staggered board increase in value, while de-staggering is associated with a decrease in… Expand
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