Zobrazeno 1 - 10
of 118
pro vyhledávání: '"Lewis Tam"'
Autor:
Lewis Tam, Xiaolin Qian
Publikováno v:
Review of Accounting and Finance. 20:53-83
Purpose Proper empirical tests of the effect of blockholders’ monitoring incentives on corporate governance are scant in the literature because the relationship between ownership structure and enforcement of corporate governance mechanisms is bidir
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::05e58cdfa402a28c001e941a87ad0a61
https://doi.org/10.1108/raf-07-2020-0184
https://doi.org/10.1108/raf-07-2020-0184
Publikováno v:
Journal of Corporate Finance. 50:519-537
This paper investigates the impacts of defined-benefit (DB) pension plans on the corporate investment choices between diversifying and non-diversifying investments. We find a firm’s DB plan coverage is negatively associated with its propensity of m
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::df80f307fbb69a59e1e5b35dcb417626
https://doi.org/10.1016/j.jcorpfin.2017.10.005
https://doi.org/10.1016/j.jcorpfin.2017.10.005
Publikováno v:
Journal of Banking & Finance. 70:247-264
We examine the information role of financial advisors by focusing on mergers and acquisitions in which acquiring firms hire target firms’ ex-advisors. We document that by employing targets’ ex-advisors, acquirers pay lower takeover premiums and s
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::ba4903fb401ae050ee65c564bfa1dab9
https://doi.org/10.1016/j.jbankfin.2016.05.006
https://doi.org/10.1016/j.jbankfin.2016.05.006
Publikováno v:
The Quarterly Review of Economics and Finance. 60:149-161
This study presents a theoretical model and empirical analysis to examine how market microstructure affects Seasoned Equity Offering (SEO) decisions from the perspective of information production associated with market liquidity. We present two sets
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::0a5e855310e6b74178df79f00f3144b9
https://doi.org/10.1016/j.qref.2015.06.003
https://doi.org/10.1016/j.qref.2015.06.003
Publikováno v:
Journal of Business Finance & Accounting. 43:191-225
This paper examines the impacts of M&A advisors’ industry expertise on firms’ choice of advisors in mergers and acquisitions. We show that an investment bank's expertise in merger parties’ industries increases its likelihood of being chosen as
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::80ddc10ee670f3d24e2527554de40461
https://doi.org/10.1111/jbfa.12165
https://doi.org/10.1111/jbfa.12165
Publikováno v:
SSRN Electronic Journal.
We investigate the capital structure implications of corporate environmental liabilities, which are measured using the amount of toxic production-related waste produced by firms. We document that firms with higher environmental liabilities maintain l
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::b83c58fccaa33f2fad7039272e270461
https://doi.org/10.2139/ssrn.3200991
https://doi.org/10.2139/ssrn.3200991
Autor:
Lewis Tam
Publikováno v:
Accounting & Finance. 54:275-299
We find that listed parents’ carve‐outs have investment‐cash‐flow sensitivities 70 per cent lower than unlisted parents’ carve‐outs, on average. Such a finding is stronger when we consider only equity carve‐outs in technological industr
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::202ceacf482d0b5bebaa9f08dfacbaf1
https://doi.org/10.1111/j.1467-629x.2012.00503.x
https://doi.org/10.1111/j.1467-629x.2012.00503.x
Publikováno v:
Pacific-Basin Finance Journal. 20:459-482
We examine the impact of blockholding on shareholders' wealth in equity offerings in China. We find that investors generally react negatively to equity-offering announcements by firms with high blockholding. A one-standard-deviation (12%) increase in
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::f8903b464cd4a5a647370104157bfe24
https://doi.org/10.1016/j.pacfin.2011.12.002
https://doi.org/10.1016/j.pacfin.2011.12.002
Autor:
Keith S. K. Lam, Lewis Tam
Publikováno v:
Journal of Banking & Finance. 35:2217-2230
This study investigates the role of liquidity in pricing stock returns in the Hong Kong stock market. Our results show that liquidity is an important factor for pricing returns in Hong Kong after taking well-documented asset pricing factors into cons
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::8448c156396e5f4374d04a3d11913962
https://doi.org/10.1016/j.jbankfin.2011.01.015
https://doi.org/10.1016/j.jbankfin.2011.01.015
Autor:
Lewis Tam
Publikováno v:
Corporate Ownership and Control. 9:441-454
Equity carve-out transactions typically result in greater disclosure and more analysts following. Does this change in information environment affect the parent firm’s cost of capital? Having a sample of 142 equity carve-out transactions completed b
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::cd049a7b3be83be62392a26ef482c971
https://doi.org/10.22495/cocv9i1c4art3
https://doi.org/10.22495/cocv9i1c4art3