Managerial Finance: Volume 42 Issue 6

Stock acquisitions, investor recognition, and announcement returns

Adam Y.C. Lei, Huihua Li

The purpose of this paper is to test the hypothesis that relative to a cash acquisition, a stock acquisition would increase the bidder’s investor base and lower Merton’s (1987…

Personality, risk tolerance and social network use: an exploratory study

Shaista Wasiuzzaman, Siavash Edalat

The vast amount of information available via online social networks (OSN) makes it a very good avenue for understanding human behavior. One of the human characteristics of…

Reducing asymmetric information in venture capital backed IPOs

Diego Escobari, Alejandro Serrano

The purpose of this paper is to model asymmetric information and study the profitability of venture capital (VC) backed initial public offerings (IPOs). The mixtures approach…

Institutional investors and the cost of bank loans

Huajing Hu, Yili Lian

– The purpose of this paper is to investigate the impact of institutional investors on the cost of bank loans using US bank loan data from 1995 to 2012.

Governance and performance in China’s real estate sector

Lei Xu, Ron P. McIver, Yuan George Shan, Xiaochen Wang

The purpose of this paper is to link literature on China’s real estate sector and the impact of governance, ownership and political connectedness on firm financial performance…

An appropriate risk addendum for risky projects

Pradip K. Bhaumik

Despite many troublesome aspects in its use, the risk-adjusted discount rate has survived and continues to be extensively used by practitioners. While the appropriate discount…