Zobrazeno 1 - 10
of 31
pro vyhledávání: '"Ajay Khorana"'
Publikováno v:
Journal of Applied Corporate Finance. 29:54-64
Corporate restructurings accomplished through spinoffs have long been a key tool for management to unlock shareholder value. In 2016, global spinoff volume reached $117 billion, and spinoff activity continues to unfold at a similar pace in 2017, with
Publikováno v:
Journal of Applied Corporate Finance. 29:8-17
Shareholder activists remain an important force in the boardroom. More than 60 activist campaigns were initiated against SP build an effective board; articulate your strategy clearly; consider the possibility of activist intervention when planning MA
We analyze a sample of private firms that go public through an initial public debt offering (IPDO) as an alternative to going public through equity (IPO). Firms that choose the IPDO route are larger, more likely to be backed by a financial sponsor su
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::e260b59836bb7b7dfba8875edda3f388
https://www.repository.cam.ac.uk/handle/1810/283481
https://www.repository.cam.ac.uk/handle/1810/283481
Publikováno v:
The Accounting Review. 88:667-705
This paper examines the value of sell-side analysts to covered firms by documenting the effects on firm performance and investor interest after a complete loss of analyst coverage for periods of at least one year. We find that analyst coverage adds v
Autor:
Ajay Khorana, Henri Servaes
Publikováno v:
Review of Finance. 16(1):81-113
This article examines competition and investor behavior in the mutual fund industry for the universe of US mutual funds during 1976--2009. Over this period, industry assets increased by a factor of 200, the number of active fund families quadrupled,
Autor:
Matt Perlman, Ajay Khorana
Publikováno v:
Journal of Applied Corporate Finance. 22:94-111
In the wake of the current financial crisis, there is a renewed focus on capital adequacy in the banking sector. A combination of impending regulatory changes, evolving views on both the level and composition of capital, the need to manage capital to
Publikováno v:
Annals of Finance. 7:529-547
In this paper, we examine the impact of NASD Rule 2711, NYSE Rule 472, and the Global Research Settlement on the recommendation performance of independent, affiliated, and unaffiliated analysts. We find that analysts from all three types of instituti
Publikováno v:
The Review of Financial Studies. 22:1279-1310
Using a new database, we study fees charged by 46,580 mutual fund classes offered for sale in 18 countries, which account for about 86% of the world fund industry in 2002. We examine management fees, total expense ratios, and total shareholder costs
Publikováno v:
Journal of Financial Economics. 85:179-204
This paper documents the level of portfolio manager ownership in the funds they manage and examines whether higher ownership is associated with improved future performance. Almost half of all managers have ownership stakes in their funds, though the
Publikováno v:
Journal of Financial Economics. 84:713-737
Using a sample of all-star analysts who switch investment banks, we examine (1) whether analyst behavior is influenced by banking relationships and (2) whether analyst behavior affects investment banking deal flow. Although the stock coverage decisio