Zobrazeno 1 - 10
of 10
pro vyhledávání: '"Tilan Tang"'
Publikováno v:
Review of Pacific Basin Financial Markets and Policies. 24:2150009
Firms with higher book equity relative to market capitalization earn a premium, leading to sorting into value and growth. This sorting implies that any balance sheet additions are risky. This paper provides evidence that what a firm holds on its bala
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::907c61aab946915bca20f608a8b1a338
https://doi.org/10.1142/s0219091521500090
https://doi.org/10.1142/s0219091521500090
Autor:
Tilan Tang
Publikováno v:
International Review of Finance. 15:457-487
In most cases, bidder's stock returns around merger announcement convey more information than the synergy created from the acquisition. To overcome the interpretation problem, I study the bidder's return from the perspective of deal termination. Usin
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::8621a9c8fd7698e96b680559df7cd348
https://doi.org/10.1111/irfi.12059
https://doi.org/10.1111/irfi.12059
Publikováno v:
International Journal of Industrial Organization. 68:102548
We empirically examine horizontal mergers amongst Part D insurers with the aim of assessing how market power, cost efficiencies, and bargaining power affect premiums and coverage characteristics, including drug access and out-of-pocket (OOP) cost. Ou
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::de75a8aba58d0c212052068558b17662
https://doi.org/10.1016/j.ijindorg.2019.102548
https://doi.org/10.1016/j.ijindorg.2019.102548
We find that companies dramatically raise their incumbent executives’ pay, especially equity-based pay, after losing executives to other firms. The pay raise is larger when incumbent executives have greater employment mobility in the labor market,
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::0271477cf7e12ad4cb1c16583957b621
http://hdl.handle.net/10220/25371
http://hdl.handle.net/10220/25371
Publikováno v:
SSRN Electronic Journal.
We examine horizontal mergers amongst Part D insurers with the aim of decomposing market power, cost efficiency, and bargaining power effects. We apply a differences-in-differences identification strategy to panel data on plans offered between 2006 a
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::f413827a2f3e182f6512f38b672c6883
https://doi.org/10.2139/ssrn.2503022
https://doi.org/10.2139/ssrn.2503022
Autor:
Tilan Tang
Publikováno v:
SSRN Electronic Journal.
In most cases market returns around merger announcements are difficult to interpret as the announcement of a bid usually conveys more information than the synergy from combination. Using a unique, hand-collected dataset on terminated merger proposals
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::d48d7eabc05d8eecde5c7e573cc35798
https://doi.org/10.2139/ssrn.2503023
https://doi.org/10.2139/ssrn.2503023
Autor:
Tilan Tang
Publikováno v:
SSRN Electronic Journal.
Using a tax-induced negative shock to expected cash flows in the tobacco industry as a natural experiment, I find significant positive returns to rivals who compete with non-tobacco segments in tobacco firms and a significant change in output behavio
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::5544c0d52e379a4370b8e2cec8cf35d5
https://doi.org/10.2139/ssrn.2503034
https://doi.org/10.2139/ssrn.2503034
Publikováno v:
SSRN Electronic Journal.
We find that companies dramatically raise their incumbent executives’ pay, especially equity-based pay, after losing executives to other firms. The pay raise is larger when incumbent executives have greater employment mobility in the labor market,
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::b38e47e397b61c7aabd146981f357f4b
https://doi.org/10.2139/ssrn.2262604
https://doi.org/10.2139/ssrn.2262604
Autor:
Tilan Tang
Publikováno v:
SSRN Electronic Journal.
Using a tax-induced negative shock to expected cash flows in the tobacco industry as a natural experiment, I find significant positive returns to rivals who compete with non-tobacco segments in tobacco firms and a significant change in output behavio
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::f7579bfc839f369ee1cf2bf9989d7db9
https://doi.org/10.2139/ssrn.1743074
https://doi.org/10.2139/ssrn.1743074
Autor:
Tilan Tang
Publikováno v:
SSRN Electronic Journal.
It is problematic to use announcement returns to assess the gains to acquiring-firm shareholders since the announcement of a bid usually conveys more information than the synergy from combination. Using a unique, hand-collected dataset on exogenous f
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::d3de5b01cff6f65c4a4662fcd3dae681
https://doi.org/10.2139/ssrn.1108807
https://doi.org/10.2139/ssrn.1108807