School of Business, University of Southern California; **Fisher College of Business, The Ohio State University. This …

. Webb Professor of Finance in the Fisher College of Business, Ohio State University, Columbus, Ohio 43210-1144, U … assistance. The Central Research Institute of Electric Power Industry in Japan and the Dice Center for Financial Economics … of studies that have been devoted to this question in the fields of economics, statistics, mathematics, and engineering …

at the McCombs School of Business, University of Texas at Austin. Nardari is an Assistant Professor of Finance at the … WP Carey School of Business, Arizona State University. Stulz is the Everett D. Reese Chair of Banking and Monetary … Economics, Ohio State University, and a Research Associate at the NBER. We are very grateful to Sriram Villupuram for superb …

G. Andrew Karolyi 1 Department of Finance Fisher College of Business The Ohio State University August 4, 2004 … Charles R. Webb Professor of Finance, Fisher College of Business, The Ohio State University, 2100 Neil Avenue, Columbus, OH … encouraging me to pursue this project and the NYSE and Dice Center for Financial Economics at Ohio State University for financial …

University, Faculty of Finance, College of Business, Columbus, Ohio, 43210 Phone: 614-292- 1580; e-mail: Walkling.1@osu …. Unpublished working paper. Stockholm School of Economics. Boone, A., Mulherin, J. H. 2002. Corporate Restrucutring and … rationale behind interfirm tender offers: Information or Synergy? Journal of Financial Economics 11, 183-206. Brown and Warner …

errors are my own. Financial support from the Dice Center for Research in Financial Economics is gratefully acknowledged ….1 REITs A REIT is a corporation or business trust that invests in large-scale, income-producing commercial real estate … also relatively young flrms, especially the UPREITs. By 2000, the median years in business is 12 years for REITs and 6 …

the University of Chicago. Andrew Karolyi is grateful to the Dice Center for Research in Financial Economics for … Business School, Ohio State, Northwestern, University of British Columbia, Virginia, Wilfred Laurier, and Yale, and to Lucian … it is affected by a country’s institutions and business conditions. As an alternative measure of growth opportunities …

University Fisher College of Business 606 Fisher Hall, 2100 Neil Ave Columbus, OH 43210 Tel: (614) 292-7562 Fax: (614) 292 …-2418 loh_26@cob.osu.edu & Singapore Management University Lee Kong Chian School of Business 469 Bukit Timah Road … NUS Business School 1 Business Link Singapore 117592 Tel: (65) 6874 3015 Fax: (65) 6779 2083 bizgmm …

* Yinglei Zhang* *Fisher College of Business, Ohio State University. Hirshleifer: hirshleifer_2@cob.osu.edu, http … Accounting and Economics 2003 Conference at the Kellogg School, Northwestern University; the 2004 National Bureau for Economic … indicators of good business conditions and growth opportunities, and may be associated with high accruals and investment. If …