Search Results - "Hege, Ulrich"

Extending Industry Specialization through Cross-Border Acquisitions by Frésard, Laurent, Hege, Ulrich, Phillips, Gordon

“…We investigate the role of industry specialization in horizontal cross-border mergers and acquisitions. We find that acquirers from more specialized industries…”
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Mandatory governance reform and corporate risk management by Hege, Ulrich, Hutson, Elaine, Laing, Elaine

“…Using the Sarbanes-Oxley Act of 2002 as a quasi-natural experiment to identify the impact of corporate governance reform on foreign exchange risk hedging, we…”
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The Financing of Innovation: Learning and Stopping by Bergemann, Dirk, Hege, Ulrich

“…We consider the financing of a research project under uncertainty about the time of completion and the probability of eventual success. We distinguish between…”
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Fund managers under pressure: Rationale and determinants of secondary buyouts by Arcot, Sridhar, Fluck, Zsuzsanna, Gaspar, José-Miguel, Hege, Ulrich

“…The fastest growing segment of private equity (PE) deals is secondary buyouts (SBOs)—sales from one PE fund to another. Using a comprehensive sample of…”
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The Basel Accord and the Value of Bank Differentiation by Feess, Eberhard, Hege, Ulrich

“…The authors investigate optimal capital requirements in a model in which banks decide on their investment in credit scoring systems. The main result is that…”
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Divisional buyouts by private equity and the market for divested assets by Hege, Ulrich, Lovo, Stefano, Slovin, Myron B., Sushka, Marie E.

“…We study the role and performance of private equity (PE) in corporate asset sales. Corporate sellers obtain significantly positive excess returns in PE deals,…”
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Are novice private equity funds risk-takers? Evidence from a comparison with established funds by Giot, Pierre, Hege, Ulrich, Schwienbacher, Armin

“…This paper explores whether private equity firms that are new to the industry take excessive risks relative to funds from established firms. We use differences…”
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Blockholder leverage and payout policy: Evidence from French holding companies by Anantavrasilp, Sereeparp, Jong, Abe, DeJong, Douglas V., Hege, Ulrich

“…This paper focuses on dominant owners’ use of leverage to finance their blockholdings and its relationship to dividend policy. We postulate that blockholder…”
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Venture capital financing, moral hazard, and learning by Bergemann, Dirk, Hege, Ulrich

“…We consider the provision of venture capital in a dynamic agency model. The value of the venture project is initially uncertain and more information arrives by…”
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Entrepreneurial Spawning and Firm Characteristics by Habib, Michel A., Hege, Ulrich, Mella-Barral, Pierre

“…We analyze the implications of the decision to spawn or to retain a new product for the nature and evolution of the firm. In our model, a new product is…”
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Acquisition Values and Optimal Financial (In)Flexibility by Hege, Ulrich, Hennessy, Christopher

“…This article analyzes optimal financial contracts for an incumbent and potential entrant accounting for prospective asset mergers. Exercising a first-mover…”
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Equity and Cash in Intercorporate Asset Sales: Theory and Evidence by Hege, Ulrich, Lovo, Stefano, Slovin, Myron B., Sushka, Marie E.

“…We develop a two-sided asymmetric information model of asset sales that incorporates the key differences from mergers and allows the information held by each…”
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Workouts, court-supervised reorganization and the choice between private and public debt by Hege, Ulrich

“…This paper investigates the interaction between creditor structure and reorganization law. Private debt offers the advantage of flexible renegotiation out of…”
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Effect of differentiated mineral fertilization and organic manuring on yield, product quality and N balances in the international permanent organic nitrogen experiment (IOSDV) Puch: Auswirkung differenzierter mineralischer und organischer Düngung auf Ertrag, Produktqualität und N-Bilanzen im internationalen organischen stickstoff-dauerversuch (IOSDV) Puch by Hege, Ulrich, Offenberger, Konrad

“…Eight variants of organic manuring in a three-fold crop rotation (silage maize or sugar beet, respectively - winter wheat - winter barley) with five mineral N…”
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L'évaluation et le financement des start-up Internet by Hege, Ulrich

“…[fre] L'évaluation et le financement des start-up Internet. . Cet article analyse quelques phénomènes de finance d'entreprise liés aux start-up Internet,…”
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Safety regulation and monitor liability by Feess, Eberhard, Hege, Ulrich

“…We propose a simple liability rule when several agents are jointly responsible for monitoring a risky economic activity or certifying its security. Examples…”
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Environmental Harm and Financial Responsibility by Feess, Eberhard, Hege, Ulrich

“…Firms will exert too little care due to a limited liability effect if damages are likely to exceed their equity. This is particularly important for…”
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THE LAW AND FINANCE OF VENTURE CAPITAL FINANCING IN EUROPE: FINDINGS FROM THE RICAFE RESEARCH PROJECT by Da Rin, Marco, Hege, Ulrich, Llobet, Gerard, Walz, Uwe

“…This survey article summarises the findings of four research projects on the venture capital industry in Europe and the role played by legal institutions and…”
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Repeated Dilution of Diffusely Held Debt by Hege, Ulrich, Mella‐Barral, Pierre

“…Debt with many creditors is analyzed in a continuous‐time pricing model of the levered firm with opportunistic renegotiation offers and default threats…”
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The Private Equity Secondaries Market During the Financial Crisis and the ″Valuation Gap by Hege, Ulrich, Nuti, Alessandro

“…The authors analyze the performance of the private equity secondaries market during the recent financial crisis. They show that the effective market liquidity…”
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