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Legal Weakness, Investment Risks, and Distressed Acquisitions: Evidence from Russian Regions
This paper traces the survival status of 93,260 Russian business firms in the period of 2007–2019 and empirically examines the determinants of the...
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Determinants of partial versus full cross-border acquisitions for Sovereign Wealth Funds
In this paper, we investigate the determinants of equity shares purchased by Sovereign Wealth Funds (SWFs). Based on the literature of cross-border...
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The Discount to NAV of Distressed Open-End Real Estate Funds
This paper examines the discount to NAV in the context of distressed German open-end real estate funds. This is a unique setting to study NAV...
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Seeking Alpha in the Housing Market
We examine short term trades in the housing market over the period 2000–2013 using nationally representative data across multiple U.S. housing...
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Ex-date variables and DIPO parent returns
We examine the extent to which divestiture IPO (DIPO) parent announcement and ex-date market-adjusted returns reflect public information for 57 DIPO...
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Hedge Fund Activism in Japan under the Stewardship and Corporate Governance Codes
This study focuses on activist funds during the second wave of activism after the implementation of the Stewardship and Corporate Governance Codes in...
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Investment incentives attract foreign direct investment: evidence from the great recession
Do investment incentives influence private firms’ location decisions? Whereas prior research emphasizes tax incentives, we focus on incentives that...
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Does commercial court organisation affect firms’ bankruptcy rate? evidence from the french judicial reform
The aim of this paper is to evaluate the impact of the 2010 French judicial reform of commercial courts on firms’ financial bankruptcy rate at the...
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Leverage and SMEs financial stability: the role of banking competition
This work exploits a large panel dataset on Italian manufacturing SMEs to examine the relationship between leverage and firms’ financial stability....
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Reform, Survival and Recovery
By the late 1980s, while continuing to recruit large numbers of new members, Lloyd’s was mounting an increasingly desperate resistance against...
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An examination of the liquidity of equity carve-out parents
Although there have been other equity carve-out (ECO) studies, this is the first study to examine the liquidity of ECO parents. We investigate the...
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Explaining Banking Failures in Africa
Bank crises have recently caught the attention of researchers in Africa because of the growing number of cases and the potential for economic losses...
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Bank lending in the Great Recession and in the Great Depression
The effects of the Great Depression (GD, 1929–1936) on the Italian banking system were worse than those of the Great Recession (GR, 2007–2014), in...
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Measurement of media concentration: Empirical concepts, applications and challenges
Digitalization of content challenges legacy media products, such as newspapers, and contributes to market exit and consolidation across geographical...
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LARR 2013: What Does It Deliver?
In this chapter, we start by providing a few anecdotes in the context of various land acquisitions in the US and within India, where the outcomes...
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How Does China Avoid “Secular Stagnation?”
In my previous studies, I reiterated and scrutinized the fact that China’s pre-2010 high-speed economic growth derived from its demographic dividend;...
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Risk Management and Compliance in Banking in Africa
This chapter covers compliance and how it affects the banking sector in Africa. Compliance is a governance system that equips a bank to act in...
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The Long Shadow of Public Interventions in the Financial Sector
We take stock of the costs of government interventions in the financial sector over the period 2007–2017 and track the assets still under government...
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How Does Local Economy Affect Commercial Property Performance?
Local economy should be an important determinant of commercial real estate (CRE) performance. This paper empirically examines how the economic...
