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- Publications
- Influence
Glamour, value and the post-acquisition performance of acquiring firms 1 We would like to thank Euge
- P. R. Rau, Theo Vermaelen
- Economics
- 1 August 1998
Extant literature on the post acquisition performance of bidders in mergers and tender offers is divided as to whether or not the bidders underperform in the long-term after the acquisition. In… Expand
Investment bank market share, contingent fee payments, and the performance of acquiring firms
- P. R. Rau
- Business
- 1 May 2000
This paper investigates the determinants of the market share of investment banks acting as advisors in mergers and tender offers. In both mergers and tender offers, bank market share is positively… Expand
Regulation, Taxes, and Share Repurchases in the United Kingdom
- P. R. Rau, Theo Vermaelen
- Business
- 1 April 2002
We examine share repurchase activity in the United Kingdom over a period when the tax and regulatory environment changed drastically. We find that the form and intensity of repurchase activity in the… Expand
A Rose.com by Any Other Name
- M. J. Cooper, O. Dimitrov, P. R. Rau
- Economics
- 1 December 2001
We document a striking positive stock price reaction to the announcement of corporate name changes to Internet-related dotcom names. This "dotcom" effect produces cumulative abnormal returns on the… Expand
Tunneling, Propping, and Expropriation: Evidence from Connected Party Transactions in Hong Kong
- Y. Cheung, P. R. Rau, A. Stouraitis
- Economics
- 1 November 2006
We examine a sample of 328 filings of "connected transactions" between Hong Kong listed companies and their controlling shareholders during 1998-2000. We address three questions: What types of… Expand
What Doesn't Kill You Will Only Make You More Risk-Loving: Early-Life Disasters and CEO Behavior
- Gennaro Bernile, V. Bhagwat, P. R. Rau
- Business
- 14 September 2015
The literature on managerial style posits a linear relation between a CEO’s past experiences and firm risk. We show that there is a non-monotonic relation between the intensity of CEOs’ early-life… Expand
Changing Names with Style: Mutual Fund Name Changes and Their Effects on Fund Flows
- M. J. Cooper, H. Gulen, P. R. Rau
- Economics, Business
- 1 December 2005
We examine whether mutual funds change their names to take advantage of current hot investment styles, and what effects these name changes have on inflows to the funds, and to the funds’ subsequent… Expand
Buy High, Sell Low: How Listed Firms Price Asset Transfers in Related Party Transactions
- Y. Cheung, Yuehua Qi, P. R. Rau, A. Stouraitis
- Economics
- 20 September 2009
We examine a sample of 254 related party and arms' length acquisitions and sales of assets in Hong Kong during 1998-2000. Our analysis shows that publicly listed firms enter deals with related… Expand
Good Stewards, Cheap Talkers, or Family Men? The Impact of Mutual Fund Closures on Fund Managers, Flows, Fees, and Performance
- Arturo Bris, H. Gulen, Padmaja Kadiyala, P. R. Rau
- Business
- 1 May 2007
We examine a sample of 125 equity mutual funds that closed to new investment between 1993 and 2004. We find that funds close following a period of superior performance and abnormal fund inflows. Fund… Expand
How Do Ex-Ante Severance Pay Contracts Fit into Optimal Executive Incentive Schemes?
We analyze a sample of over 3,600 ex ante explicit severance pay agreements in place at 808 firms and show that firms set ex ante explicit severance pay agreements as one component in managing the… Expand