• Publications
  • Influence
Information Asymmetry, Corporate Disclosure and the Capital Markets: A Review of the Empirical Disclosure Literature
Corporate disclosure is critical for the functioning of an efficient capital market. Firms provide disclosure through regulated financial reports, including the financial statements, footnotes,Expand
  • 5,162
  • 386
  • PDF
Is Group Affiliation Profitable in Emerging Markets? An Analysis of Diversified Indian Business Groups
Emerging markets like India have poorly functioning institutions, leading to severe agency and information problems. Business groups in these markets have the potential both to offer benefits toExpand
  • 1,992
  • 168
Why Focused Strategies May Be Wrong for Emerging Markets
  • 2,025
  • 142
Does Corporate Performance Improve after Mergers?
We examine the post-acquisition operating performance of merged firms using a sample of the 50 largest mergers between U.S. public industrial firms completed in the period 1979 to 1983. The resultsExpand
  • 1,487
  • 129
  • PDF
Predicting takeover targets: A methodological and empirical analysis
  • K. Palepu
  • Computer Science, Economics
  • 1 March 1986
TLDR
A fresh empirical study is carried out after correcting methodological flaws. Expand
  • 1,266
  • 124
The Future of Business Groups in Emerging Markets: Long Run Evidence from Chile
We demonstrate variation in the extent to which firms benefit from their affiliation with Chilean business groups in the 1988-1996 period. The net benefits of unrelated diversification are positiveExpand
  • 1,072
  • 120
Diversification strategy, profit performance and the entropy measure
Several industrial organization studies, using diversification index measures, examined corporate diversification and economic performance and failed to find any significant relationship betweenExpand
  • 1,394
  • 80
Stock Performance and Intermediation Changes Surrounding Sustained Increases in Disclosure
This paper investigates whether firms benefit from expanded voluntary disclosure by examining changes in capital market factors associated with increases in analyst disclosure ratings for 97 firms.Expand
  • 1,657
  • 68
Winning in Emerging Markets: A Road Map for Strategy and Execution
Table of contents Chapter One: Introduction Chapter Two: The Nature of Institutional Voids in Emerging Markets Chapter Three: Spotting and Responding to Institutional Voids Chapter Four: ExploitingExpand
  • 554
  • 53
  • PDF
Strategies that fit emerging markets.
It's no easy task to identify strategies for entering new international markets or to decide which countries to do business with. Many firms simply go with what they know-and fall far short of theirExpand
  • 763
  • 39