Value
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Growing Up Under Mao and Deng: On the Ideological Determinants of Corporate Policies
Throughout history, economic activities have been fundamentally shaped by ideology.
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Does Bankruptcy Risk Increase Value? Puzzles and Diversification
We usually compare the market price of different companies thinking we are comparing their fundamental values.
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The Intangibles Song in Takeover Announcements: Good Tempo, Hollow Tune
Takeovers are major corporate actions; they significantly impact the future of the acquiring company.
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Shadow Pills and Long-Term Firm Value
Whether antitakeover defenses are beneficial or inimical to shareholder interests is the subject of a perennial debate in the corporate f
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Does Diversification of Share Classes Increase Firm Value?
In the absence of agency conflict and market frictions, it is beneficial to allow greater freedom to firms in their choice of corporate f
