Search Results - "Makhija, Anil K."

Career concerns and the busy life of the young CEO by Li, Xiaoyang, Low, Angie, Makhija, Anil K.

“…We examine how real investment decisions of firms are affected by their CEOs' career concerns. Relative to their older counterparts, younger CEOs are more…”
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Behavioral consistency in corporate finance: CEO personal and corporate leverage by Cronqvist, Henrik, Makhija, Anil K., Yonker, Scott E.

“…We find that firms behave consistently with how their CEOs behave personally in the context of leverage choices. Analyzing data on CEOs' leverage in their most…”
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The asymmetric relationship between national cultural distance and target premiums in cross-border M&A by Lim, Jongha, Makhija, Anil K., Shenkar, Oded

“…Prior literature routinely assumes symmetric cultural distance (CD) in a given country pair, suggesting an identical role for the home and host countries…”
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The role of social proximity in professional CEO appointments: Evidence from caste/religion-based hiring of CEOs in India by Damaraju, Naga Lakshmi, Makhija, Anil K.

“…Research summary: The role of homophily in CEO appointments at the largest corporations is an important subject in corporate governance. This subject is…”
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Real options in divestment alternatives by Damaraju, Naga Lakshmi, Barney, Jay B., Makhija, Anil K.

“…This paper examines the implications of real options theory for both the decision to divest a business unit and the mode of divestment. It is shown that the…”
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Can Diversification Create Value? Evidence from the Electric Utility Industry by Jandik, Tomas, Makhija, Anil K.

“…Despite SEC and state-level resistance, and contrary to the trend pursued by other firms, many electric utilities have diversified into non-electric and…”
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The Impact of Firm Ownership Structure on Voluntary Disclosure: Empirical Evidence from Czech Annual Reports by Makhija, Anil K., Patton, James M.

“…We investigate the impact of ownership structure on the extent of voluntary financial disclosure by examining the cross‐sectional variation in the extent of…”
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Debt, debt structure and corporate performance after unsuccessful takeovers: evidence from targets that remain independent by Jandik, Tomas, Makhija, Anil K.

“…Significant increases in the level of target leverage have been previously documented following unsuccessful takeover attempts. This increased leverage may…”
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Deregulation, disintermediation, and agency costs of debt: evidence from Japan by Anderson, Christopher W., K. Makhija, Anil

“…Many Japanese firms reduced dependence on banks following financial deregulation in the 1980s. The financial architecture of Japanese firms after…”
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One dollar CEOs by Loureiro, Gilberto, Makhija, Anil K., Zhang, Dan

“…•$1 CEO firms earn lower stock market returns after the adoption of $1 salaries.•Restructuring, CEO entrenchment, and CEO overconfidence aggravate…”
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Leverage and the Complexity of Takeovers by Jandik, Tomas, Makhija, Anil K.

“…There is scant empirical evidence on how the leverage of target firms affects gains to their shareholders, although there are several widely cited economic…”
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Ownership Structure as a Determinant of Firm Value: Evidence from Newly Privatized Czech Firms by Makhija, Anil K., Spiro, Michael

“…Using a sample of 988 newly privatized Czech firms, with part of the ownership structure exogenously determined prior to voucher privatization, we find that…”
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Investor behavior in mass privatization: The case of the Czech voucher scheme by Hingorani, Archana, Lehn, Kenneth, Makhija, Anil K.

“…In the first round of the Czech privatization scheme, the authorities set a uniform share price for all companies, creating a natural experiment for testing…”
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EVA & MVA as performance measures and signals for strategic change by Lehn, Kenneth, Makhija, Anil K.

“…The increasing frequency with which the business environment demands strategic change elevates the role played by performance measures in assessing alternative…”
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The response of competitors to announcements of bankruptcy: An empirical examination of contagion and competitive effects by Ferris, Stephen P., Jayaraman, Narayanan, Makhija, Anil K.

“…We find, like [Lang, L.H.P., Stulz, R.M., 1992. Contagion and competitive intra-industry effects of bankruptcy announcements: An empirical analysis, Journal of…”
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Predicting Contemporary Volume with Historic Volume at Differential Price Levels: Evidence Supporting the Disposition Effect by FERRIS, STEPHEN P., HAUGEN, ROBERT A., MAKHIJA, ANIL K.

“…This paper presents empirical evidence comparing two models of trading in equities--the well-known tax-loss-selling hypothesis and "the disposition effect."…”
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Determinants of Foreign Ownership in Newly Privatized Companies in Transition Economies by Anderson, Christopher W., Jandik, Tomas, Makhija, Anil K.

“…We investigate determinants of foreign ownership in newly privatized firms. We analyze data on privatized Czech firms to address two related general questions…”
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EVA, ACCOUNTING PROFITS, AND CEO TURNOVER: AN EMPIRICAL EXAMINATION, 1985-1994 by Lehn, Kenneth, Makhija, Anil K.

“…A growing number of companies use EVA or related measures of economic profits as metrics for corporate planning and executive compensation. Unlike traditional…”
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Valuing an East European Company by Ferris, Stephen P., Joshi, Yash P., Makhija, Anil K.

“…Investors in many parts of the world are considering opportunities in transitional economies, but such investments typically require analyses that are…”
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Managerial incentives for undertaking exchange offers by Joshi, Yash P., Makhija, Anil K.

“…This paper empirically examines management's motivation to convey information regarding firm value through exchange offers. We report a positive relation…”
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