Based on mergers and acquisitions (M&As) from over 45 countries from 2003 to 2014, we
show that the presence of end‐of‐day (EOD) target price manipulation prior to M&As …

This study develops a continuous time model to examine a complete two-stage decision
process for venture capitals (VCs), including investment in the private market at Stage 1 and …

In this article we provide the optimal timing and equilibrium terms of a vertical merger with
two sources of uncertainty in the production chain, namely, marginal cost of raw material and …

We find that market reactions to earnings announcements can be predictable. Four-factor
abnormal returns to earnings announcements that follow buyback announcements are …

Abstract Traditional research on Mergers & Acquisitions using Real Options methodology
have been successful in explaining deal terms in a context in which there is no asymmetry of …

The general focus of my dissertation, which consists of two essays, is on how changes in the
financial and economic environment surrounding a firm affect managerial incentives and …

This survey provides a comprehensive review of the theories and empirical models of capital
structure and dividend payout policies. While different theories and empirical models take …