Managerial Finance: Volume 39 Issue 4

Warrants, ownership concentration, and market liquidity

Paul Brockman, Brett C. Olsen

Firms issuing equity securities for capital must recognize that this issuance may alter the ownership concentration of the firm. Through this change in ownership structure, the…

The FX exposure puzzle: insights from SEC disclosures

Stephen Makar, Stephen Huffman

Using firm‐specific SEC currency risk disclosures, this paper aims to provide insight into the puzzling absence of significant returns‐based foreign exchange exposure (FXE). Such…

Product market advertising effects on the method of payment in M&A

Erik Devos, William B. Elliott, Mohammad A. Karim

Prior literature suggests that managers have an incentive to increase stock prices prior to stock‐based acquisitions. This article aims to examine if there is any relationship…

A story on SPACs

Milan Lakicevic, Milos Vulanovic

This paper aims to study characteristics of specified purpose acquisition companies (SPACs) and examine the performance of their securities over time.

Ownership structure, capital structure, and performance of group affiliation: Evidence from Taiwanese group‐affiliated firms

Jonchi Shyu

This study seeks to examine how agency problems and internal capital markets in group‐affiliated firms are mutually influenced by the ownership structure, capital structure, and…