Managerial Finance: Volume 39 Issue 10

IPO valuation and insider manipulation of R&D

Robert Hull, Rosemary Walker, Sungkyu Kwak

The purpose of this paper is to examine the effects of R&D manipulation on stock valuation for periods around IPOs. Insider manipulation is the difference in actual R&D change…

Does information production explain bidder liquidity after takeovers?

Adam Y.C. Lei, Huihua Li

The purpose of this paper is to determine whether information produced in the takeover process or changes in firm characteristics after takeovers affect bidder liquidity.

Liquidity creation or de‐creation: evidence from US property and liability insurance industry

Byeongyong Paul Choi, Jin Park, Chia‐Ling Ho

The purpose of this study is two‐fold. The first purpose is to properly measure the level of US property and liability (P/L) insurers liquidity creation, applying the liquidity…

Founding‐family firms and the creation of value: Swedish evidence

Mattias Hamberg, Egil Andre Fagerland, Kristoffer Kvamme Nilsen

The purpose of this paper is to investigate the extent to which founding‐family firms create value. In particular, the paper investigates how agency costs and monitoring…

Acquirer's earnings quality and the choice of payment method in mergers and acquisitions

Kenneth Yung, Qian Sun, Hamid Rahman

The purpose of this paper is to investigate the role of acquirer's earnings quality on the choice of payment method in mergers and acquisitions (M&A).