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- Publications
- Influence
Endogeneity and the Dynamics of Internal Corporate Governance
- M. B. Wintoki, James S. Linck, J. Netter
- Economics
- 1 September 2012
We use a well-developed dynamic panel generalized method of moments (GMM) estimator to alleviate endogeneity concerns in two aspects of corporate governance research: the effect of board structure on… Expand
Implications of Data Screens on Merger and Acquisition Analysis: A Large Sample Study of Mergers and Acquisitions from 1992-2009
- J. Netter, M. Stegemoller, M. B. Wintoki
- Business
- 2 November 2010
We analyze a comprehensive set of mergers and acquisitions from SDC data from 1992 through 2009. We do not impose common restrictions such as excluding private bidders, small targets, or deals… Expand
Forecasting Abnormal Stock Returns and Trading Volume Using Investor Sentiment: Evidence from Online Search ?
- K. Joseph, M. B. Wintoki, Z. Zhang
- Economics
- 1 October 2011
We examine the ability of online ticker searches (e.g. XOM for Exxon Mobil) to forecast abnormal stock returns and trading volumes. Specifically, we argue that online ticker searches serve as a valid… Expand
Corporate boards and regulation: The effect of the Sarbanes–Oxley Act and the exchange listing requirements on firm value
- M. B. Wintoki
- Business
- 28 February 2007
The Sarbanes-Oxley Act of 2002 and recently modified exchange listing requirements impose uniformly high levels of outside director monitoring on all firms. However, recent research in finance… Expand
Forecasting Residential Real Estate Price Changes from Online Search Activity
- Eli Beracha, M. B. Wintoki
- Economics
- 13 January 2014
The intention of buying a home is revealed by many potential home buyers when they turn to the Internet to search for their future residence. This paper examines the extent to which future… Expand
The size, concentration and evolution of corporate R&D spending in U.S. firms from 1976 to 2010: Evidence and implications☆
- M. Hirschey, H. Skiba, M. B. Wintoki
- Economics
- 1 June 2012
The use of research and development (R&D) spending as an empirical proxy for managerial discretion, information asymmetry and growth opportunities, is pervasive in empirical corporate finance… Expand
Director Networks and Informed Traders
- F. Akbas, F. Meschke, M. B. Wintoki
- Business
- 5 April 2016
We provide evidence that sophisticated investors like short sellers, option traders, and financial institutions are more informed when trading stocks of companies with more connected board members.… Expand
The Cost of Innovation: R&D and High Cash Holdings in U.S. Firms
- Zhaozhao He, M. B. Wintoki
- Economics
- 9 October 2016
We show that R&D investment explains a significant portion of the increase in the average cash-to-assets ratio of U.S. firms, which more than doubled between 1980 and 2012. In 1980, an average firm… Expand
The Role of Corporate Board Structure in Attracting Foreign Investors
- Mihail K. Miletkov, A. Poulsen, M. B. Wintoki
- Business
- 27 March 2014
A long-recognized phenomenon in capital markets is the underinvestment in foreign equity securities, known as equity home bias. Our study examines the effect of board independence on the firm's… Expand
How Do Public Companies Adjust Their Board Structures?
- David C. Cicero, M. B. Wintoki, Tina C. Yang
- Business
- 10 February 2010
We show that public companies frequently changed their board structures before implementation of the Sarbanes–Oxley Act, with two-thirds of firms changing board size or independence during an average… Expand