Zobrazeno 1 - 10
of 16
pro vyhledávání: '"Neal Galpin"'
Publikováno v:
Journal of Financial Economics. 139:502-521
We examine listing applications by firms to the London Stock Exchange between 1891 and 1911. The exchange rejected 82 (13.1%) of the 628 applicants to its main board. Accepted applicants were twice as likely to pay dividends (and to pay twice as much
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::4ded2d9449b49108f23bc550648b6c02
https://doi.org/10.1016/j.jfineco.2020.08.005
https://doi.org/10.1016/j.jfineco.2020.08.005
Publikováno v:
Business History
Company directors in Victorian Britain have a somewhat dubious reputation. There are claims that directors had little business experience with the directorships obtained mainly via social connections. However, a little experience goes a long way, and
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::fa9abcc1c98bfd55cb4b370cf11c27c9
https://doi.org/10.1080/00076791.2019.1569629
https://doi.org/10.1080/00076791.2019.1569629
Publikováno v:
Journal of Corporate Finance. 72:102127
We study the emergence of blockholders as an important mechanism that corrects deviations from target CEO relative debt-to-equity incentive ratios. We find that a new active blockholder more likely emerges when a firm deviates from target; deviations
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::8a0102b94dc446d5f3d227d85ae9a7dd
https://doi.org/10.1016/j.jcorpfin.2021.102127
https://doi.org/10.1016/j.jcorpfin.2021.102127
Autor:
Neal Galpin
Publikováno v:
Accounting & Finance. 60:1149-1174
I add cash holdings into an investment‐based model of stock returns. I motivate cash holdings via costly outside financing. The model shows a relation between stock returns and cash holdings and provides a structural foundation for estimating the v
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::ec9025bf6f81afb9842ddc78a175c394
https://doi.org/10.1111/acfi.12406
https://doi.org/10.1111/acfi.12406
Publikováno v:
The Economic History Review
There have been claims that British capital was not well deployed in Victorian Britain. There was, allegedly, a lack of support for new and dynamic companies in comparison to the situation in Germany and the United States. We find no evidence to supp
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::4039b4279689930c3792bfcf8225aa55
https://hdl.handle.net/10642/8607
https://hdl.handle.net/10642/8607
Publikováno v:
SSRN Electronic Journal.
CEOs (chief executive officers) are paid more if they outperform other firms in their blockholders’ portfolios. For every percentage point by which their own firm's return exceeds the return of the largest blockholder's basket of investments in a y
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::335d33bd4eae77c7f07b22704140a0e1
https://doi.org/10.2139/ssrn.3014572
https://doi.org/10.2139/ssrn.3014572
Publikováno v:
Journal of Banking & Finance. 29:3075-3098
We examine the components of displayed (quoted) liquidity and the amount of non-displayed liquidity on the NYSE for a sample of non-US stocks. Consistently with prior work, non-US stocks have less displayed liquidity than similar US stocks. Extending
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::d99a24f607c0980d0725e0a9929aba17
https://doi.org/10.1016/j.jbankfin.2004.11.006
https://doi.org/10.1016/j.jbankfin.2004.11.006
Publikováno v:
SSRN Electronic Journal.
We study the effect of changes in CEO inside debt on equity and debt values during the period in which firms’ disclosure of inside debt increased. We predict optimal CEO relative debt-equity incentive ratios based on firm and CEO characteristics, a
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::de8bb0e045e9d992f6b916d56d631727
https://doi.org/10.2139/ssrn.2362480
https://doi.org/10.2139/ssrn.2362480
Autor:
Neal Galpin
Publikováno v:
SSRN Electronic Journal.
In a neoclassical investment model, returns and investment are linked. We show that the timing of investment and returns are also linked. Conditional on total investment, firms investing earlier in the year have lower returns than firms investing lat
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::de1c5df545048655a83779d928e00347
https://doi.org/10.2139/ssrn.1962953
https://doi.org/10.2139/ssrn.1962953
Publikováno v:
SSRN Electronic Journal.
We read all news items that came out between 1996 and 2000 on 458 Internet initial public offerings (IPOs) and a matching sample of 458 non-Internet IPOs (a total of 171,488 news items) and classify each news item as good news, neutral news, or bad n
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::91aa482570c68ce6254e2132f634598d
https://doi.org/10.2139/ssrn.606264
https://doi.org/10.2139/ssrn.606264