... Ahn, Panos N. Patatoukas, and Steven Davidoff Solomon Licensed re-use rights only Universal demand laws Corporate governance E-Index ISS database G34 G38 K22 K41 Research in corporate law and finance seeks to identify the relationship between litigation risk and corporate...

...-factor returns, and James Ng for excellent research assistance. © 2025 Tim Loughran 2025 Tim Loughran Licensed re-use rights only Fama–French 6-factor q5-factor q-factor Market efficiency Equity issuers G12 G14 G34 G40 In the last 30 years, myriad market anomalies have...

.... A previous version of this paper was titled: “Why does size matter so much for bidder announcement returns?” © 2025 Christoph Schneider and Oliver Spalt 2025 Christoph Schneider and Oliver Spalt Licensed re-use rights only Mergers and acquisitions Size effects Scaling G34 G14...

... Expected default risk Foreign competition Corporate governance G15 G33 G34 Only when the tide goes out do you discover who has been swimming naked. — Warren Buffet Are firms that have the luxury of operating in less competitive markets more likely to survive? Anecdotal...

... 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...

... 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...

.... 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...

... 2024 Ian R. Appel, Todd A. Gormley and Donald B. Keim 2024 Ian R. Appel, Todd A. Gormley and Donald B. Keim Licensed re-use rights only Instrumental estimation Regression discontinuity Russell indexes D22 G23 G30 G34 G35 Appel et al. (2016) [AGK (2016) hereafter...

... 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...

..., and M. G. Subrahmanyam Licensed re-use rights only Capital structure Derivatives Options SEC D82 G14 G34 K22 K41 While there is considerable evidence of informed trading ahead of a variety of corporate announcements in the academic and popular literature, there is no reported...

... Licensed re-use rights only Fund of Funds Performance Conflict of interest G11 G29 G34 There is a vast literature in Finance that shows that actively managed mutual funds post expenses underperform index funds. Thus fund investors that select active mutual funds on average...

... 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...

... 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...

... risk Currency exposure Cross-border investment F21 G34 We provide new evidence that helps us understand the role of currency risk in the equity valuations of US multinational corporations (MNCs). Currency risk, defined as the probability that the real domestic currency purchasing power...

... rights only Behavioral Corporate Finance Mergers and Acquisitions Gambling G34 G14 G39 Takeovers are among the largest and most important corporate investment decisions. From 1987 to 2008 the average transaction value in acquisitions of public US targets by US bidders was about $1...

... tests Corporate governance Identification C18 G34 G38 M48 Much corporate finance research is concerned with causation – does a change in some input cause a change in some output? ¹ Does corporate governance affect firm performance? Does capital structure affect...

... of this paper circulated under the title “Do Differences in Legal Protections Explain Differences in Ownership Concentration.” © 2016 C. G. Holderness 2016 C. G. Holderness Licensed re-use rights only Aggregation bias Law and finance Ownership concentration C18 G15 G32 G34 I thank...

..., and Yale. © 2016 C. G. Holderness 2016 C. G. Holderness Licensed re-use rights only Law and finance ownership concentration investors’ legal protections G15 G32 G34 One of the most influential findings from the law and finance literature is that large-percentage shareholders...

... CEO compensation rigging stock options repricing G34 G38 J31 J33 Smith and Swan (2013) , hereafter referred to as SS, question the robustness of the findings of Hartzell and Starks (2003) , referred to as HS, and by extension Almazan et al. (2005) , referred to as AHS...

... on more favorably performing measures. ^* We thank the editor (Ivo Welch) for helpful comments. © 2013 Emerald Publishing Limited 2013 Emerald Publishing Limited Licensed re-use rights only CEO compensation rigging corporate governance G34 J31 J33 In our...