T. K. Mukherjee

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This study provides insights on the motives for acquisitions and divestitures and the practices used to value acquisitions during 1990-2001. Based on survey evidence, we find that the primary motivation for mergers and acquisitions is to achieve operating synergies while the top-ranked reason for divestitures is to increase focus. The results also show that(More)
We explore the sharp uptrend in trading activity during recent years. Higher turnover has been associated with more frequent smaller trades, which have progressively formed a larger fraction of trading volume over time. Evidence indicates that secular decreases in trading costs have influenced the turnover trend. Turnover has increased the most for stocks(More)
BACKGROUND Junior doctors often have concerns about quality and safety but show low levels of engagement with incident reporting systems. We aimed to develop and pilot a web-based reporting tool for junior doctors to proactively report concerns about quality and safety of care, and optimise it for future use. METHODS We developed the gripes tool with(More)
Two Essays: " Does Corporate Governance Affect the Adjustment Speed towards Target Capital Structure? " and " Do Option Traders on REITs and Non-REITs React Differently to New Information? " " (2012). University of New Orleans Theses and Dissertations. Paper 1458. Dedication For my parents, Fu-Cheng Liao and Chu-Man Chen, who entirely support me to pursue(More)
Investors can receive cash distributions from corporations through share repurchases, regular cash dividends, and specially designated dividends (SDDs). Understanding why firms choose one method over another to distribute excess cash has important implications for investors. We find that the primary motive for repurchasing shares is to take advantage of(More)
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