Previous research on the dynamic linkages between international financial markets focused on bivariate inter-equity or inter-currency relationships and do not allow a specific role for the currency or equity market, respectively. In this paper, we hypothesize that there are important, yet not...

Directors from academia served on the boards of around 40% of S&P 1,500 firms over the 1998-2011 period. This paper investigates the effects of academic directors on corporate governance and firm performance. We find that companies with directors from academia are associated with higher...

This study examines the performance impact of the relative quality of a CEO's compensation peers (peers selected to determine a CEO's overall compensation) and bonus peers (peers selected to determine a CEO's relative-performance-based bonus). We use the fraction of peers with greater managerial...

This paper examines the effects of strategic alliances on non-financial firms' bank loan financing. We construct several measures to capture firms' alliance activities using the frequency of alliance activities, the prominence of the alliance partner and the relative networking position in the...

This paper investigates the role of corporate boards in bank loan contracting. We find that when corporate boards are more independent, both price and non-price loan terms - e.g., interest rates, collateral, covenants and performance pricing- are more favorable and syndicated loans comprise more...

In the presence of high uncertainty and limited experience, can observing the actions of other acquiring predecessors help firms make better acquisition decisions? Using a sample of cross-border M&As conducted by US acquirers in developing countries, we document a positive and significant...

In the presence of high uncertainty and limited experience, can observing the actions of other acquiring predecessors help firms make better acquisition decisions? Using a sample of cross-border M&As conducted by US acquirers in developing countries, we document a positive and significant...

In the presence of high uncertainty and limited experience, can observing the actions of other acquiring predecessors help firms make better acquisition decisions? Using a sample of cross-border M&As conducted by US acquirers in developing countries, we document a positive and significant...