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You are looking at 1-20 of 47 items for:

Social Sciences x Financial Institutions and Services x Mergers and Acquisitions x clear all

Active Ownership

Elroy Dimson, Oğuzhan Karakaş and Xi Li.

in The Review of Financial Studies

December 2015; p ublished online August 2015 .

Journal Article. Subjects: Mergers and Acquisitions; Financial Institutions and Services; International Financial Markets. 20795 words.

We analyze an extensive proprietary database of corporate social responsibility engagements with U.S. public companies from 1999–2009. Engagements address environmental, social, and...

Are Mutual Funds Active Voters?

Peter Iliev and Michelle Lowry.

in The Review of Financial Studies

February 2015; p ublished online September 2014 .

Journal Article. Subjects: Financial Institutions and Services; Mergers and Acquisitions; Corporate Regulation. 18130 words.

Mutual funds vary greatly in their reliance on proxy advisory recommendations. Over 25% of funds rely almost entirely on Institutional Shareholder Services (ISS) recommendations, while...

Bank Capital and Value in the Cross-Section

Hamid Mehran and Anjan Thakor.

in The Review of Financial Studies

April 2011; p ublished online April 2011 .

Journal Article. Subjects: Banking; Financial Regulation; Corporate Governance; Mergers and Acquisitions. 24295 words.

We develop a dynamic model of bank capital structure in an acquisitions context which predicts: (i) total bank value and the bank’s equity capital are positively correlated in the...

Bank Debt and Corporate Governance

Victoria Ivashina, Vinay B. Nair, Anthony Saunders, Nadia Massoud and Roger Stover.

in The Review of Financial Studies

January 2009; p ublished online June 2008 .

Journal Article. Subjects: Economics; Financial Institutions and Services; Banking; Mergers and Acquisitions. 16856 words.

In this paper, we investigate the disciplining role of banks and bank debt in the market for corporate control. We find that relationship bank lending intensity and bank client network have...

Bank size or distance: what hampers innovation adoption by SMEs?

Pietro Alessandrini, Andrea F. Presbitero and Alberto Zazzaro.

in Journal of Economic Geography

November 2010; p ublished online December 2009 .

Journal Article. Subjects: Technological Change; Research and Development; Mergers and Acquisitions; Regional Government Analysis; Banking. 17437 words.

A growing body of research is focusing on banking organizational issues, emphasizing the difficulties encountered by the hierarchically organized banks in lending informationally opaque...

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Can VCs Time the Market? An Analysis of Exit Choice for Venture-backed Firms

Eric Ball, Hsin Hui Chiu and Richard Smith.

in The Review of Financial Studies

September 2011; p ublished online July 2011 .

Journal Article. Subjects: Economics; Investment Banking; Corporate Governance; Mergers and Acquisitions. 16225 words.

We use a sample of 8,163 venture-backed companies over three decades to test the competing hypotheses that levels and relative shares of IPO (initial public offering) and M&A (mergers and...

Competition and Bank Opacity

Liangliang Jiang, Ross Levine and Chen Lin.

in The Review of Financial Studies

July 2016; p ublished online April 2016 .

Journal Article. Subjects: Banking; Financial Regulation; Mergers and Acquisitions; Corporate Regulation. 14454 words.

Did regulatory reforms that lowered barriers to competition increase or decrease the quality of information that banks disclose to the public? By integrating the gravity model of investment...

Contracts and Exits in Venture Capital Finance

Douglas Cumming.

in The Review of Financial Studies

September 2008; p ublished online August 2008 .

Journal Article. Subjects: Investment Banking; Corporate Governance; Bankruptcy; Mergers and Acquisitions. 17069 words.

Using a sample of European venture capital (VC) investments, I study the relation between VC contracts and exits. The data indicate that ex ante, stronger VC control rights increase the...

Corporate Governance and Value Creation: Evidence from Private Equity

Viral V. Acharya, Oliver F. Gottschalg, Moritz Hahn and Conor Kehoe.

in The Review of Financial Studies

February 2013; p ublished online December 2012 .

Journal Article. Subjects: Corporate Governance; Mergers and Acquisitions; Financial Institutions and Services; Investment Banking. 17755 words.

Using deal-level data from transactions initiated by large private equity houses, we find that the abnormal performance of deals is positive on average, after controlling for leverage and...

Creditor Control Rights, Corporate Governance, and Firm Value

Greg Nini, David C. Smith and Amir Sufi.

in The Review of Financial Studies

June 2012; p ublished online March 2012 .

Journal Article. Subjects: Banking; Corporate Governance; Mergers and Acquisitions. 19929 words.

We provide evidence that creditors play an active role in the governance of corporations well outside of payment default states. By examining the Securities and Exchange Commission's...

Do Investment Banks Matter for M&A Returns?

Jack Bao and Alex Edmans.

in The Review of Financial Studies

July 2011; p ublished online May 2011 .

Journal Article. Subjects: Investment Banking; Mergers and Acquisitions. 13771 words.

We document a significant investment bank fixed effect in the announcement returns of M&A deals. The interquartile range of bank fixed effects is 1.26%, compared with a full-sample average...

Do Shareholder Rights Affect the Cost of Bank Loans?

Sudheer Chava, Dmitry Livdan and Amiyatosh Purnanandam.

in The Review of Financial Studies

August 2009; p ublished online December 2008 .

Journal Article. Subjects: Banking; Corporate Governance; Mergers and Acquisitions. 16394 words.

Using a large sample of bank loans issued to U.S. firms between 1990 and 2004, we find that lower takeover defenses (as proxied by the lower G-index of Gompers, Ishii, and Metrick 2003)...

The Dynamics of Venture Capital Contracts

Carsten Bienz and Julia Hirsch.

in Review of Finance

January 2012; p ublished online March 2011 .

Journal Article. Subjects: Information, Knowledge, and Uncertainy; Mergers and Acquisitions; Investment Banking; Corporate Governance. 14624 words.

Using a detailed German data set on venture capital contracts, the authors document that contracts between venture capitalists (VC) and their portfolio firms specify more complete...

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The Effect of Bank Mergers on Loan Prices: Evidence from the United States

Isil Erel.

in The Review of Financial Studies

April 2011; p ublished online April 2011 .

Journal Article. Subjects: Banking; Financial Regulation; Mergers and Acquisitions. 17311 words.

Bank mergers can increase or decrease loan spreads, depending on whether the increased market power outweighs efficiency gains. Using proprietary loan-level data for U.S. commercial banks,...

The Effect of Institutional Ownership on Payout Policy: Evidence from Index Thresholds

Alan D. Crane, Sébastien Michenaud and James P. Weston.

in The Review of Financial Studies

June 2016; p ublished online March 2016 .

Journal Article. Subjects: Financial Institutions and Services; Corporate Governance; Mergers and Acquisitions. 13782 words.

We show that higher institutional ownership causes firms to pay more dividends. Our identification relies on a discontinuity in ownership around Russell index thresholds. Our estimates...

The Effect of Liquidity on Governance

Alex Edmans, Vivian W. Fang and Emanuel Zur.

in The Review of Financial Studies

June 2013; p ublished online April 2013 .

Journal Article. Subjects: Economics; Financial Institutions and Services; Mergers and Acquisitions; Corporate Regulation. 19516 words.

This paper demonstrates a positive effect of stock liquidity on blockholder governance. Liquidity increases the likelihood of block formation. Conditional upon acquiring a stake, liquidity...

The Effects of Investment Bank Rankings: Evidence from M&A League Tables

François Derrien and Olivier Dessaint.

in Review of Finance

July 2018; p ublished online January 2018 .

Journal Article. Subjects: Investment Banking; Mergers and Acquisitions. 17787 words.

Abstract

This paper explores how league tables, which are rankings based on market shares, influence the mergers and acquisitions market. A bank’s league table...

Executive Compensation and Risk Taking

Patrick Bolton, Hamid Mehran and Joel Shapiro.

in Review of Finance

October 2015; p ublished online January 2015 .

Journal Article. Subjects: Mergers and Acquisitions; Banking. 12061 words.

This article studies the connection between risk taking and executive compensation in financial institutions. A model of shareholders, debtholders, depositors, and an executive demonstrates...

The fat years: the structure and profitability of the US banking sector in the pre-crisis period

Fiona Tregenna.

in Cambridge Journal of Economics

July 2009; p ublished online July 2009 .

Journal Article. Subjects: Mergers and Acquisitions; Economic Development; Banking; Market Structure, Firm Strategy, and Market Performance; Market Structure and Pricing. 10012 words.

Bank profitability in the USA was extremely high in the pre-crisis period, yet this did not prevent the current crisis. It has become clear that these profits were on shaky grounds and also...

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Finance and politics: the wealth effects of special interest group influence during the nationalisation and privatisation of Conrail

James Ang and Carol Boyer.

in Cambridge Journal of Economics

March 2007; p ublished online June 2006 .

Journal Article. Subjects: Financial Regulation; Mergers and Acquisitions. 9801 words.

Conrail, nationalised in 1976 and privatised in 1987, was the most significant nationalisation and privatisation by the US government in recent years. It was created from six bankrupt...

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