Managerial Finance


Accounting and Finance

Table Of Contents: Volume 37 Issue 12

Does merger structure matter?

Grace Qing Hao, John S. Howe

A friendly merger can be structured as a one‐step transaction or a two‐step transaction. For a variety of reasons, such as the fast speed with which two‐step mergers are…

Financial constraints, real options and corporate cash holdings

Cyrus A. Ramezani

A large body of empirical literature has identified the key drivers of corporate cash holdings. The extant literature posits that the existence of real options…

Systemic risk and competition in OTC derivatives dealing: evidence from client failures

Ekaterina E. Emm, Ufuk Ince

The purpose of this paper is to examine the extent of systemic risk and competition in over‐the‐counter (OTC) derivatives dealing. Using derivatives‐related failures…

Does local news matter to investors?

Shreesh Deshpande, Marko Svetina

Recent research on local bias provides evidence that investors' portfolios include a non‐negligible allocation to stocks in firms that are geographically proximate to the…

Investor sentiment and the market reaction to dividend news: European evidence

Elisabete Simões Vieira

The purpose of this paper is to examine the effect of investor sentiment (ISENT) on the market reaction to dividend change announcements.



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  • Professor Don Johnson