Zobrazeno 1 - 10
of 14
pro vyhledávání: '"M. Mark Walker"'
Publikováno v:
Investment Analysts Journal. 50:77-98
We find that firms in the growth and maturity stage generally have higher levels of institutional ownership, higher Tobin’s Q ratios, and are more likely to remain in their life cycle stage over th...
Publikováno v:
International Review of Economics & Finance. 65:222-243
We examine the shareholder wealth effects of Taiwanese firms accused of corporate fraud, and we find evidence that shareholders benefited from the passage of Taiwan’s Securities Investor and Futures Trader Protection Act. We not only examine the sh
Autor:
M. Mark Walker, Stephen N. Jurich
Publikováno v:
The North American Journal of Economics and Finance. 48:757-775
Our study investigates the role that corporate strategy and negotiating procedure play in driving merger outcomes. The term merger outcome refers not only to how a merger announcement affects the combined wealth of the acquiring- and target-firm shar
Autor:
M. Mark Walker, Stephen N. Jurich
Publikováno v:
SN Business & Economics. 1
Our study tests the bargaining power hypothesis by examining how the operating, marketing, and financial deal motivations cited by the merging-firm managers in company filings with the Securities and Exchange Commission affect their relative bargaini
Autor:
Stephen N. Jurich, M. Mark Walker
Publikováno v:
Journal of Economics and Business. 119:106044
Publikováno v:
Journal of Economics and Finance. 32:176-194
This study examines the motivation for using a reverse merger (RM) rather than an IPO to take a private firm public and analyzes the survival of RMs and IPOs in the aftermarket. Private firms using the RM technique are smaller, younger, and have poor
Autor:
M. Mark Walker, Chi-Sheng Hsu
Publikováno v:
Applied Financial Economics. 17:1233-1244
An acquiring firm's strategic objective and post-acquisition stock price performance are determined, at least in part, by the industry's outlook and structure, and by the acquiring firm's market position. Acquiring-firm managers are more likely to ac
Autor:
M. Mark Walker, Yung-Jang Wang
Publikováno v:
Journal of Economics and Finance. 24:178-194
We examine the pattern of daily stock returns in Japan, Hong Kong, and Taiwan. Our results support the information-processing hypothesis: Average returns on Monday are lower than on other days of the week, particularly when the previous trading day
Autor:
M. Mark Walker
Publikováno v:
The Financial Review. 33:99-114
This research investigates the role that leveraged recapitalizations (recaps) play in disciplining inefficient managers. Accounting ratios are used to evaluate firm operating profitability and efficiency. Matched-firm-adjusted returns are used to ass
Autor:
M. Mark Walker
Publikováno v:
Managerial Finance. 22:53-70
Increases in stockholder wealth around leveraged recapitalization (recap) announcements are related more to reductions in the firm's financial slack than improvements in operating efficiency. Moreover, while recaps significantly reduce the firm's wor