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- Publications
- Influence
Acquirer-Target Social Ties and Merger Outcomes
- J. Ishii, Yuhai Xuan
- Business
- 1 June 2014
This article investigates the effect of social ties between acquirers and targets on merger performance. We find that the extent of cross-firm social connection between directors and senior… 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 Cost of Friendship
- Paul A. Gompers, Vladimir Mukharlyamov, Yuhai Xuan
- Economics, Business
- 1 June 2012
We investigate how personal characteristics affect people's desire to collaborate and whether this attraction enhances or detracts from performance in venture capital. We find that venture… 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
The Client Is King: Do Mutual Fund Relationships Bias Analyst Recommendations?
- M. Firth, Chen Lin, P. Liu, Yuhai Xuan
- Business
- 1 March 2013
This article investigates whether the business relations between mutual funds and brokerage firms influence sell-side analyst recommendations. Using a unique data set that discloses brokerage firms’… Expand
Empire-Building or Bridge-Building? Evidence from New CEOs' Internal Capital Allocation Decisions
- Yuhai Xuan
- Economics
- 1 December 2009
This article investigates how the job histories of CEOs influence their capital allocation decisions when they preside over multidivisional firms. I find that, after CEO turnover, divisions not… Expand
Corporate Ownership Structure and Bank Loan Syndicate Structure
- C. Lin, Y. Ma, Paul H. Malatesta, Yuhai Xuan
- Economics
- 1 April 2012
Using a novel data set on corporate ownership and control, we show that the divergence between the control rights and cash-flow rights of a borrowing firm's largest ultimate owner has a significant… Expand
Ownership Structure and Financial Constraints: Evidence from a Structural Estimation
- C. Lin, Y. Ma, Yuhai Xuan
- Economics
- 1 July 2010
This article examines the impact of the divergence between corporate insiders' control rights and cash-flow rights on firms' external finance constraints via generalized method of moments estimation… Expand
Bridge Building in Venture Capital-Backed Acquisitions
- Paul A. Gompers, Yuhai Xuan
- Business
- 1 February 2009
We study the role of common venture capital investors in alleviating asymmetric information between public acquirers and private venture capital-backed targets. We find that acquisition announcement… Expand
Gender Effects in Venture Capital
- Paul A. Gompers, Vladimir Mukharlyamov, Emily K. Weisburst, Yuhai Xuan
- Business
- 12 May 2014
We explore gender differences in performance in a comprehensive sample of venture capital investments in the United States. We find that female venture capitalists significantly underperform their… Expand