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Outputs (25)

Seller Competition by Mechanism Design (2012)
Journal Article
Damianov, D. (2012). Seller Competition by Mechanism Design. Economic Theory, 51(1), 105-137. https://doi.org/10.1007/s00199-010-0597-z

This paper analyzes a market game in which sellers offer trading mechanisms to buyers and buyers decide which seller to go to depending on the trading mechanisms offered. In a (subgame perfect) equilibrium of this market, sellers hold auctions with a... Read More about Seller Competition by Mechanism Design.

What are the Causes and Effects of the M&As? The UK Evidence (2012)
Journal Article
Guo, J. (., & Petmezas, D. (2012). What are the Causes and Effects of the M&As? The UK Evidence. Multinational finance journal, 16(1/2), 21-47. https://doi.org/10.17578/16-1/2-2

This paper examines the link between the causes and effects of mergers and acquisitions. By using a sample of UK acquisitions, which have the distinct characteristics of limited use of stock as means of payment and dominance of private acquisitions,... Read More about What are the Causes and Effects of the M&As? The UK Evidence.

Financial crisis, structure and reform (2012)
Journal Article
Allen, F., Gu, X., & Kowalewski, O. (2012). Financial crisis, structure and reform. Journal of Banking and Finance, 36(11), 2960-2973. https://doi.org/10.1016/j.jbankfin.2012.06.002

In this study, we examine the relationship between the structure of financial systems and financial crises. Using cross-country data on financial structures and crises, we find that there is a significant short-term reversal in development of the ban... Read More about Financial crisis, structure and reform.

Market Timing of Corporate Debt Issuance: Prediction or Reaction? (2012)
Journal Article
Zhou, B., Guo, M., Chen, X., & Yang, T. (2012). Market Timing of Corporate Debt Issuance: Prediction or Reaction?. Applied financial economics, 22(21), 1753-1769. https://doi.org/10.1080/09603107.2012.669460

This paper examines whether managers can successfully time the debt market when firms issue debt. The question arises from the debate about whether the empirical evidence that corporate debt issues are correlated to the debt market condition factors... Read More about Market Timing of Corporate Debt Issuance: Prediction or Reaction?.

How to Overcome Shareholder Apathy in Corporate Governance- The Role of Investor Associations in Germany (2012)
Journal Article
Stratling, R. (2012). How to Overcome Shareholder Apathy in Corporate Governance- The Role of Investor Associations in Germany. Annals of Public and Cooperative Economics, 83(2), 143-157. https://doi.org/10.1111/j.1467-8292.2012.00458.x

Investor apathy by private retail investors and highly diversified institutional investors is often blamed for poor managerial accountability and control of majority investors. Attempts to encourage shareholder activism tend to focus on large institu... Read More about How to Overcome Shareholder Apathy in Corporate Governance- The Role of Investor Associations in Germany.

The Impact of Asset-based versus Market Capitalization-based Shari'ah Screening on US and Japanese Equities: An Empirical Analysis (2012)
Journal Article
Marzban, S., & Asutay, M. (2012). The Impact of Asset-based versus Market Capitalization-based Shari'ah Screening on US and Japanese Equities: An Empirical Analysis

This paper focuses on Shari’ah-compliant investments, which are managed in a Shari’ah-compliant manner that goes beyond defi ning a set of rules or guidelines to generate a static list of automatically screened equities. Shari’ah screening is about i... Read More about The Impact of Asset-based versus Market Capitalization-based Shari'ah Screening on US and Japanese Equities: An Empirical Analysis.