We examine the announcement returns of acquisitions made by Indian firms during the period 1995 to 2011. Our results confirm that the announcement returns to Indian acquirers are on average significantly positive. However, we are first to document that the announcement returns to Indian...

We study the operating, financial, and ownership structure characteristics of newly listed firms which become acquisition targets shortly after their initial public offerings. We examine whether such firms get acquired because of their successful performance or as an alternative to delisting. We...

Using a sample of venture capital-backed firms going public, we analyze the role played by perceived valuation changes on IPO underpricing. We consider the full trajectory of perceived valuation changes in a firm's value from its last VC round, to IPO filing, and ultimately to IPO price. We find...

Firms are often facing a dilemma - whether to develop several innovative projects in-house or finance them as independent entities (spin-offs). This paper provides additional insight which helps to resolve this dilemma. We show that for relatively independent projects, spinning them off...

This paper studies entrepreneurs' choice of investors, who must provide financial capital and effort for projects with externalities. Investors compete to finance the projects by offering monetary investment in return for share in the project. Investors' non-monetary contribution to the project...

This paper studies how strategic interaction between players can influence their decisions as to whether to acquire information and whether to reveal their private information to others. We show how a player can increase his utility by disclosing part of his private information, when such...

This paper studies how externalities between projects affect investment decisions and investor involvement with the companies they invest in. Entrepreneurs select investors for their projects, choosing between venture capitalists and individual quot;angelquot; investors. In industries with high...