Kathleen P. Fuller

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We study shareholder returns for firms that acquired five or more public, private, and0or subsidiary targets within a short time period. Since the same bidder chooses different types of targets and methods of payment, any variation in returns must be due to the characteristics of the target and the bid. Results indicate bidder shareholders gain when buying(More)
Newly released data on corporate governance and disclosure practices reveal wide within-country variation, with the variation increasing as legal environment gets less investor friendly. This paper examines why firms practice high-quality governance when law does not require it; firm attributes related to the quality of governance; how the attributes(More)
Dengue virus (DENV) is the predominant mosquito-borne viral pathogen that infects humans with an estimated 50 to 100 million infections per year worldwide. Over the past 50 years, the incidence of dengue disease has increased dramatically and the virus is now endemic in more than 100 countries. Moreover, multiple serotypes of DENV are now found in the same(More)
An increasingly diverse society requires physicians to be able to competently treat those with whom they do not share ancestry and/or culture. Therefore, medical school educators need to train physicians who are capable of interacting appropriately and effectively with individuals from a broad array of populations and cultures. Such education cannot be(More)
Preliminary. Please do not quote. Acknowledgements: We would like to thank seminar participants at the University of Delaware. ABSTRACT We develop a model of corporate dividend policy without agency or signaling considerations. The model is based on the idea that management will value operating flexibility when there is a possibility that shareholders may(More)
Existing literature has shown that periods of high merger activity are correlated with high market valuations: significantly more acquisitions occur when stock markets are booming than when markets are depressed. Since the market’s valuation impacts the number of acquisitions, this paper investigates whether the market’s valuation impacts the acquisition’s(More)
We test the split signaling hypothesis by studying sophisticated investors’ reaction to stock split announcements. Return-based tests of signaling used in earlier studies produce conflicting results and have been recently criticized as unreliable. We bypass this criticism by focusing on longterm post-split behavior of short sellers who are generally(More)
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