Author pages are created from data sourced from our academic publisher partnerships and public sources.
- Publications
- Influence
Managerial Succession and Firm Performance
- M. Huson, Paul H. Malatesta, R. Parrino
- Business
- 1 November 2004
We examine CEO turnover and firm financial performance. Accounting measures of performance relative to other firms deteriorate prior to CEO turnover and improve thereafter. The degree of improvement… Expand
State-Owned and Privately Owned Firms: An Empirical Analysis of Profitability, Leverage, and Labor Intensity
- Kathryn L. Dewenter, Paul H. Malatesta
- Business, Economics
- 1 March 2001
We present empirical evidence on the relative profitability, leverage, and labor intensity of government-owned and privately-owned firms. Cross-sectional analysis of a sample of very large firms… Expand
Ownership Structure and the Cost of Corporate Borrowing
- C. Lin, Y. Ma, Paul H. Malatesta, Yuhai Xuan
- Economics
- 1 April 2011
This article identifies an important channel through which excess control rights affect firm value. Using a new, hand-collected data set on corporate ownership and control of 3,468 firms in 22… Expand
The wealth effect of merger activity and the objective functions of merging firms
- Paul H. Malatesta
- Economics
- 1 April 1983
Abstract This paper studies the net effects of the long-run sequence of events leading to merger, and of merger per se, on shareholder wealth. The appropriate measure of the wealth effect is shown to… Expand
Public Offerings of State‐Owned And Privately‐Owned Enterprises: An International Comparison
- Kathryn L. Dewenter, Paul H. Malatesta
- Business, Economics
- 1 September 1997
The authors compare initial offer prices in privatizations to initial prices in public offerings of private companies. The evidence indicates that government officials in the United Kingdom… Expand
Corporate Governance and Shareholder Initiatives: Empirical Evidence
- J. Karpoff, Paul H. Malatesta, Ralph A. Walkling
- Business
- 1 November 1996
Shareholder-initiated proxy proposals on corporate governance issues became popular in the late 1980s as corporate takeover activity declined. We find firms attracting governance proposals have poor… Expand
Earnings Management: IPO Valuation and Subsequent Performance
- Larry L. DuCharme, Paul H. Malatesta, Stephan E. Sefcik
- Business
- 1 October 2001
We examine the role of earnings management by issuers prior to making initial public offerings (IPOs). Our results indicate that pre-IPO abnormal accruals are positively related to initial firm… Expand
The wealth effects of second-generation state takeover legislation
- J. Karpoff, Paul H. Malatesta
- Business
- 1 December 1989
Abstract We examine the stock-price effects of all second-generation state takeover laws introduced from 1982 through 1987 for which we find press announcements. On average, the announcements are… Expand
Earnings management, stock issues, and shareholder lawsuits
- Larry L. DuCharme, Paul H. Malatesta, Stephan E. Sefcik
- Business
- 2004
Abstract Abnormal accounting accruals are unusually high around stock offers, especially high for firms whose offers subsequently attract lawsuits. Accruals tend to reverse after stock offers and are… Expand
Corporate Ownership Structure and the Choice Between Bank Debt and Public Debt
- C. Lin, Yue Ma, Paul H. Malatesta, Yuhai Xuan
- Economics
- 1 August 2013
This article examines the relation between a borrowing firm's ownership structure and its choice of debt source using a novel data set on corporate ownership, control, and debt structures for 9,831… Expand