... 2025 Anne-Marie Anderson and Benjamin Jansen Licensed re-use rights only Asset pricing Market efficiency Firm value G12 G14 G32 The Law of One Price (LOP) is central to financial economics. If two assets generate the same cash flows, then they should have the same price...

... to produce the results presented in this work are available upon request. All errors are our own. © 2024 Heitor Almeida et al. 2024 Heitor Almeida et al. Licensed re-use rights only Cash flow sensitivity of cash Financial constraints Cash policy Liquidity G31 G32 D23 D92...

... Joseph T. Halford, John J. McConnell, Valeriy Sibilkov, and Nataliya Zaiats Licensed re-use rights only Cash Cash policies Value of cash Corporate governance Financial constraints Dual-class firms CEO compensation G32 G34 To study whether cash holdings create or destroy value...

... Licensed re-use rights only Corporate propensity to dissave Negative cash flow Disinvestment inertia Cash flow identity q measurement error D25 G31 G32 The relation between saving and cash flow remains a topic of debate in the literature. Almeida et al. (2004...

... Method of payment Pooling of interest Misvaluation G32 G34 Overvalued acquirers have strong incentives to use their own mispriced shares as the method of payment in a merger or acquisition, and for more than a decade, academics and practitioners have widely accepted the fact...

... dilution G30 G32 G35 Option compensation may influence payout decisions through two non-mutually exclusive channels. First, options may incentivize managers to repurchase rather than pay dividends because dividends decrease the value of non-dividend-protected options (Fenn and Liang, 2001...

... remaining errors. © 2024 Nilanjan Basu, Imants Paeglis, and Melissa Toffanin 2024 Nilanjan Basu, Imants Paeglis, and Melissa Toffanin Licensed re-use rights only Ownership Sample selection Index listing Valuation G32 How does the ownership of insiders affect the value...

.... Hund, Donald Monk, and Sheri Tice 2024 John E. Hund, Donald Monk, and Sheri Tice Licensed re-use rights only Diversification discount Organizational structure Valuation Matching G32 G34 M41 The seminal works of Berger and Ofek (1995) and Lang and Stulz (1994) garnered...

... and Ahmet M. Tuncez Licensed re-use rights only Abnormal return Long-run event study Characteristic normalization Merger and acquisition IPO SEO Dividend initiation C10 G14 G32 G34 G35 Major controversy in the financial economics literature surrounds the question of whether...

.... Johnson Licensed re-use rights only Debt dynamics Uncertainty shocks Credit spreads Real effects of finance E21 E32 G12 G32 This paper addresses two important questions concerning the role of corporate debt in the macroeconomy. The first question is how well we understand...

... rights only Valuation Survey Sociological hypothesis Multiples DCF G31 G32 G24 G02 A11 A14 A20 “There seem to be lots of academics asking how analysts in the real world use CAPM or calculate the cost of capital. The answer is, people don’t waste time on this. No one ever...

... Productannouncements Insider trading Disclosure choice Financing innovation G30 O30 G32 O34 A substantial literature evaluates the returns to R&D by counting the number of patents a firm obtains, claiming firms with patents possess successful R&D programs. Atanassov (2013) contends...

... anonymous referees for their comments and suggestions. This paper is a revised version of Myers and Read (2012). © 2020 Stewart C. Myers and James A. Read, Jr. 2020 Stewart C. Myers and James A. Read, Jr. Licensed re-use rights only Real options Financing policy G31 G32...

... that this research is substantially supported by his previous affiliation, Georgetown University, USA. © 2020 Jun Kyung Auh and Suresh Sundaresan 2020 Jun Kyung Auh and Suresh Sundaresan Licensed re-use rights only Bankruptcy code Super seniority Maturity structure G33 G28 G32 “Safe...

... G32 G33 My role in advocating for data and code-sharing policies began in 2010 when I was editor of the Journal of Finance. Collaborating with the editors of the JFE and the RFS, I proposed a policy that could potentially be adopted across all of the top three...

... Market timing Staged finance Initial public offerings G32 In an influential paper, Baker and Wurgler (2002) (hereafter BW) suggest that corporate capital structures may largely reflect the accumulation of past attempts to time the equity market. The idea is that firms with a history...

... Chava, Dmitry Livdan and Amiyatosh Purnanandam Licensed re-use rights only Shareholder rights Takeover vulnerability Bank debt Governance G21 G32 G34 In our paper, Chava et al. (2008) , CLP from now on, we show that firms with lower takeover defenses (as proxied...

... and Ellie (Qie) Yin and for valuable research assistance. © 2018 Evan Dudley and Christopher James 2018 Evan Dudley and Christopher James Licensed re-use rights only Capital structure Preferred shares Market timing Staged finance Initial public offerings G32 How does capital...

... of the paper. © 2018 Lewis Gaul, Jonathan Jones and Pinar Uysal 2018 Lewis Gaul, Jonathan Jones and Pinar Uysal Licensed re-use rights only Corporate governance Corporate loans Asset volatility Instrumental variables G21 G32 G34 Recent research by Chava et al. (2009...

..., Marie Dutordoir, and Chris Veld Licensed re-use rights only Convertible debt Interviews Market misvaluation Investor demand Hedge funds Investment banks G32 G13 G24 Convertible bonds are an important security class. U.S. corporations raised $801 billion in convertibles from...