This paper studies short-selling prior to the release of analyst downgrades in a sample of 670
downgrades of Nasdaq stocks between 2000 and 2001. We find abnormal levels of short-…

We propose a model that links a firm’s decision to go public with its subsequent takeover
strategy. A private bidder does not know a firm’s true valuation, which affects its gain from a …

We find evidence of passive and active roles for arbitrageurs in the acquisition process.
Using a simultaneous-equation framework to recognize endogeneity, we analyze 608 …

This paper investigates whether corporate payout policy is associated with insiders' share
holdings and their tax preferences. We find that insider ownership and the implied tax …

This article surveys the theoretical and empirical studies on share repurchases. Share
repurchases have surpassed cash dividends and become the dominant form of corporate payouts …

Fast long-term dynamic simulation of power converters is discussed. Because of switching
actions, the converter can operate in different configurations and, therefore, it can be …

This study investigates the performance of firms with extremely high levels of market to sales
value (“concept stocks”). To many observers, these stocks appear overvalued. However, …

This article studies the effect of short selling in the equity market on corporate bond returns.
We show that firms with heavily shorted shares or large short-trade sizes experience …

Recent research on blockholders focuses on activist hedge funds and documents positive
stock but negative bond returns. This study investigates the role of blockholder heterogeneity …

Firms typically disclose partial earnings-related information before their eventual earnings
announcement (EA) dates. This paper employs a novel approach to decompose short selling …