Faculty Research

Search Publications

Recent Journal Publications by COB Faculty

Search Publications

Filter & Sort Results: 1256
[clear]
Publication Type Publication Type
Discipline Discipline
Year Published Year Published

Sort by

Apply
Cancel
Showing results for: ""
Results:
Academic Journal
Finance

“The Effects of Executive, Firm, and Board Characteristics on Executive Exit”

We estimate a hazard model of the probability of top corporate executives exiting their firms over the period 1996–2010. Our main findings are that: (1) female executives have greater likelihoods of exit than males, (2) the likelihood of exit increases with the independence of the board and decreases with the fraction of the board that is female and the average age of board members, and (3) a higher percentage of independent directors on the board lowers the probability of exit more for females than for males. Further, controlling for exit risk reduces the well-documented compensation differential between men and women.
Full Details

John Becker Blease "The Effects of Executive, Firm, and Board Characteristics on Executive Exit" Financial Review The Financial Review 527-557 pages 2016 View on: Google Scholar

Full Details
Academic Journal
Finance

“The Effects of Market Inefficiencies on Trading Strategies for Country Funds”

Economists disagree about how sensitive country fund prices are to U.S. market returns. We provide additional evidence on this issue through an examination of daily fund discounts. Fund shares provide significant average returns in the three days following large positive and negative discount changes. This finding suggests that large short-term changes in the relation between price and underlying value are not quickly mitigated in the market for country fund shares. Following large negative discount changes, the returns on fund shares and NAVs are of greater magnitude when the S&P 500 Index declines by more than 1%. This is consistent with negative changes in U.S. market sentiment affecting both country fund prices and NAVs in the short-term. Simple trading strategies that take advantage of large discount changes around big changes in the U.S. market appear generally profitable even after adjusting for transaction costs. The limited liquidity in country fund shares suggests that it may be difficult to implement such strategies.
Full Details

J. Hughen, Prem Mathew and Kent Ragan "The Effects of Market Inefficiencies on Trading Strategies for Country Funds" International Journal of Finance International Journal of Finance 2964-84 pages 2005

Full Details
Academic Journal
Strategy & Entrepreneurship

“The effects of venture capital syndicate diversity on earnings management and performance of IPOs in the US and UK: An institutional perspective”

Full Details

S. Chahine, Jonathan Arthurs, I. Filatotchev and R. Hoskisson "The effects of venture capital syndicate diversity on earnings management and performance of IPOs in the US and UK: An institutional perspective" Journal of Corporate Finance 179-192 pages 2012 View on: Google Scholar

Full Details
Academic Journal
Finance

“The efficiency of international information flow: Evidence from the ETF and CEF Prices”

While similar in their trading and organization, closed-end funds (CEFs) and exchange-traded funds (ETFs) differ in their liquidity and ease of arbitrage. We compare their price transmission dynamics using a sample of funds that invest in foreign securities and are most likely to show the deficiencies in the manner in which they process information. Our analysis shows that ETF returns are more closely related to their portfolio returns than CEF returns. However, both fund types underreact to portfolio returns but overreact to domestic stock market returns. A simple trading strategy using these results is profitable with roundtrip trading costs less than 1.38% for CEFs and 0.71% for ETFs.
Full Details

C. Hughen and Prem Mathew "The efficiency of international information flow: Evidence from the ETF and CEF Prices" International Review of Financial Analysis 40-49 pages 2009 View on: Google Scholar

Full Details
Academic Journal
Strategy & Entrepreneurship

“The evolution and internalization of international joint ventures in a transitioning economy”

Although international joint ventures (IJVs) may mature over time and develop competitive viability, they maintain some risk of instability owing to their shared ownership. Such instability can ultimately lead to their internalization by one of the partners. In this study, we consider factors that influence (1) whether IJVs evolve toward becoming a wholly owned subsidiary, and (2) which parent (foreign or local) gains ownership of the venture. We use a sample of Hungarian joint ventures, and find that only when there is both a power imbalance between the parents and high levels of conflict is the likelihood that the joint venture converts to a wholly owned subsidiary enhanced. The extent to which the joint venture has learned from the foreign parent indirectly determines which parent gains full ownership. Extensive knowledge transfer to a joint venture in a transitioning economy combined with high levels of conflict increases the likelihood of the foreign parent gaining full ownership. In contrast, when there is extensive knowledge transfer and low conflict between the parents, the local parent is more likely to internalize the venture. Our results suggest that the relationship between partner power and outcomes in ventures is more complex than originally believed, and is contingent upon the level of conflict between the parents of the IJV.
Full Details

K. Steensma, Jeffrey Barden, C. Dhanaraj, M Lyles and L Tihanyi "The evolution and internalization of international joint ventures in a transitioning economy" Journal of International Business Studies 491-507 pages 2008 View on: Google Scholar

Full Details
Academic Journal
Marketing

“The Evolving Family Assemblage: How Senior Families 'Do' Family”

Purpose
A growing stream of consumer research has examined the intersection of family dynamics, consumption practices, and the marketplace. The purpose of this research is to make sense of the complex nature of family for senior families (adult children and their elderly parents) who employ the use of elder care services and facilities.

Approach
This research analyzes data gathered from in-depth interviews with adult siblings and their elderly parents through the lens of assemblage theory.

Findings
This paper advances a conceptulisation of the family as an evolving assemblage of components, including individual members; material possessions and home(s); shared values, goals, memories, and practices; prominent familial attributes of love and care; and marketplace resources. Three features of the assemblage come to the fore in senior families: the fluid meaning of independence for the elderly parent, the evolution of shared family practices, and the trajectory of the assemblage that is a function of its history and future.

Originality/Value
This research 1) focuses on a stage of family life that has been undertheorised; 2) applies assemblage theory to the family collective, demonstrating that a family can be conceptualised as an ever-evolving assemblage of human and non-human components, and this is a useful lens for understanding how senior families ‘do’ family; and 3) argues for a broader notion of family – one that is not household-centric or focused on families with young children, that encompasses members and materiality, and that foregrounds the dynamic, evolving nature of family life.
Full Details

Aimee Dinnin Huff and June Cotte "The Evolving Family Assemblage: How Senior Families 'Do' Family" European Journal of Marketing 892-915 pages 2016 View on: Google Scholar

Full Details