The objective of this paper is to study empirically how post-acquisition decisions and learning from previous acquisition experience affect the long-term performance of acquiring firm. Using financial, accounting and questionnaire response data, we investigate the post-acquisition long-term...

How do ownership networks among business enterprises evolve over time? What roles do corporate governance reforms and privatization programs play in shaping the structural characteristics of these networks? This article addresses these questions by leveraging on small-world analysis techniques...

We examine the announcement returns of acquisitions made by Indian firms during the period 1995–2011. 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 acquirers...

We study the conflict of interests between the limited partners (LPs) and the general partner (GP) in a venture capital (VC) fund with a limited life span. LPs commit money, while the GP selects and monitors projects. Midway into the project, the GP privately observes the project’s quality and...

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...

We study the conflict of interests between the limited partners (LPs) and the general partner (GP) in a VC fund with a limited life span. LPs commit money to investments in risky projects, while the GP selects projects and provides unobservable monitoring effort. We assume that midway into the...

Faced with rising competition in their domestic markets and attracted to opportunities in foreign markets, smaller and medium-sized enterprises (SMEs) are increasingly looking towards internationalization as a means of creating and sustaining competitive advantage. This has heightened...