This study investigates the impact of oil price uncertainty on the cash holdings of firms. Using
a sample of the Chinese stock market for the period from 2007 to 2016, our empirical results …

This study examines whether and how chairperson facial masculinity, a personality trait that
signifies dominant power, influences firm value of mergers and acquisitions (M&As) over the …

Abstract Research Summary In this paper, we study how variations in debt and equity
ownership and the institutions that govern interactions between different types of principals …

This study reexamines the impact of institutional development on corporate cash holdings.
Our findings confirm that institutional development has a negative effect on corporate cash …

This study examines the relationship between institutional development, political
uncertainty, and corporate cash holding decisions. We show that the impact of institutional …

This research explores the effect of Buddhism on mergers & acquisitions (M&As)
performance, using 4622 M&A transactions of Chinese public firms from 2004 to 2018 …

Acquisitions constitute substantial corporate investments, often leading to changes in
ownership and top management giving rise to possible conflicts of interest. The impacts of …

Studies on corporate takeovers are voluminous but typically assume that acquirers are not
financially constrained. We show that acquirers' free cash flow (FCF) levels have significant …

Using foreign investors' shareholding to proxy for foreign investors' monitoring effect in the
Chinese stock market, we find that those acquirers exhibit higher announcement returns with …

Exploiting a unique setting of overlapping insiders between acquirers and targets in India,
we examine how information asymmetry between the transacting parties influences the …