We analyze the relationship between corporate reliance on alternative work arrangements and stock returns by documenting that an equal-weighted portfolio of the “100 Best Companies for Remote Working Jobs” earned an annualized four-factor alpha of 7.44% over the period 2014 to 2019. Firms...

We analyze the relationship between corporate reliance on alternative work arrangements and stock returns by documenting that an equal-weighted portfolio of the “ 100 Best Companies for Remote Working Jobs ” earned an annualized four-factor alpha of 7.44% over the period 2014 to 2019. Firms...

There is no consensus in the literature regarding the financial consequences of megamergers in part due to the difficulty in establishing a good counterfactual. By comparing the performance of these deals to the performance of synthetic mergers constructed using a novel matching procedure, we...

The scope of privatization -- Why do countries privatize? -- How do countries privatize? -- Empirical evidence on privatization's effectiveness in non-transition economies -- Empirical evidence on privatization in transition economies -- The structure and investment performance of privatization...

This study surveys the academic and professional literature examining the privatisation of state-owned enterprises (SOEs), with a focus on empirical studies. Privatisation has been instrumental in reducing state ownership in many countries and had a transforming effect on global stock markets,...

This study has two objectives: to estimate the impact of share issue privatisations on the growth of world capital markets (especially stock markets), and to examine the effect privatisation has had on the pattern of share ownership by individuals and institutional investors. We begin by...