Zobrazeno 1 - 10
of 30
pro vyhledávání: '"Larry Fauver"'
Publikováno v:
SSRN Electronic Journal.
Publikováno v:
Journal of Financial and Quantitative Analysis. 54:1025-1050
We show that initial public offerings (IPOs) have nontrivial positive spillover effects on local labor markets, business environments, consumer spending, real estate, and migration. We mitigate endogeneity concerns about unobserved heterogeneity with
Publikováno v:
SSRN Electronic Journal.
Using board reforms in 41 countries and staggered difference-in-differences (DiD) estimates, Fauver, Hung, Li, and Taboada (2017, FHLT) find that firm value increases following the reforms. In a study that reviews the recent econometric theory on sta
Publikováno v:
SSRN Electronic Journal.
Publikováno v:
SSRN Electronic Journal.
Using supervisory data on operational losses from large U.S. bank holding companies (BHCs), we show that BHCs with socially responsible workforce policies suffer lower operational losses per dollar of total assets. The association significantly varie
Publikováno v:
Journal of Corporate Finance. 50:84-108
We examine the valuation impact of an employee-friendly (EF) culture. Using a sample of 3446 firms from 43 countries for the period 2003 to 2014, we show that firms with a more EF culture are valued higher and perform better (ROA, ROE). Consistent wi
Publikováno v:
Journal of Financial Economics. 125:120-142
We examine the impact of corporate board reforms on firm value in 41 countries. Using a difference-in-differences design, we find that firm value increases after enactment of the reforms. The valuation increase is associated with both the intensity a
Publikováno v:
Journal of Corporate Finance. 44:73-98
We examine the impact of the enactment of the Market Abuse Directive (MAD) and the Prospectus Directive (PD) across 18 EU countries on seasoned equity offerings (SEOs). Using a difference-in-differences methodology, we document a significant reductio
Autor:
Larry Fauver, Michael B. McDonald
Publikováno v:
Pacific-Basin Finance Journal. 34:1-23
We examine social characteristics (individualism and risk aversion) and their interaction with firm governance and capital structure across the G20 countries from 1995 to 2009 using roughly 13,000 firms. We show that higher levels of individualism ar
Publikováno v:
SSRN Electronic Journal.
We examine the valuation impact of employee-friendly (EF) culture. Using a sample of 3,457 firms from 43 countries for the period 2003 to 2014, we show that firms with a more EF culture have higher valuations (Tobin’s q). The impact on valuation st