Zobrazeno 1 - 10
of 49
pro vyhledávání: '"Ralph A. Walkling"'
Publikováno v:
The Review of Financial Studies. 35:1933-1982
Using 9,801 director appointments during 2003–2014, we document the dramatic impact of connections. Sixty-nine percent of new directors have professional ties to incumbent boards, a group representing 13$\%$ of all potential candidates. Consistent
Publikováno v:
Journal of Financial Economics. 127:389-415
Personal managerial indiscretions are separate from a firm's business activities but provide information about the manager's integrity. Consequently, they could affect counterparties’ trust in the firm and the firm's value and operations. We find t
Publikováno v:
Journal of Corporate Finance. 21:119-135
Majority voting in board elections has emerged as a dominant theme in recent proxy seasons. Analysis of majority voting is important: first, the impact is controversial yet scant empirical evidence exists. Second, Congress is still considering mandat
Publikováno v:
Review of Financial Studies. 24:2242-2285
We document market anticipation of merger bids and show that less anticipated bids earn significantly higher announcement returns. Subsequent bidders in the industry experience significant and positive abnormal returns around the time of initial indu
Publikováno v:
Journal of Applied Corporate Finance. 22:58-74
This discussion explores a number of ways that more effective risk management, corporate governance, and communication with investors can help companies increase their effciency and long-run value. According to one of the panelists, recent surveys of
Publikováno v:
The Journal of Finance. 64:2389-2421
Publikováno v:
Journal of Corporate Finance. 15:212-229
We test the signaling and wealth transfer hypotheses around the announcement of share repurchases using a recent and larger sample of data than previously examined while employing a methodology designed to enhance the power of our tests. Disentanglin
Autor:
Ralph A. Walkling
Publikováno v:
Journal of Applied Corporate Finance. 20:28-46
Two of America's most prominent shareholder activists discuss three major issues surrounding the U.S. corporate governance system: (1) the case for increasing shareholder “democracy” by expanding investor access to the corporate proxy; (2) lesson
Publikováno v:
SSRN Electronic Journal.
We examine the stability and composition of acquirer boards around mergers and the director characteristics associated with selection for the post-merger board. Our results indicate that the post-merger board changes substantially and variation is si
Autor:
Ralph A. Walkling, Jim Hsieh
Publikováno v:
Journal of Financial Economics. 77:605-648
This study investigates arbitrage activities and their impact on acquisitions. The literature contains arguments for both passive and active roles of arbitrageurs during the takeover process. Larcker and Lys (1987) suggest that arbitrageurs are passi