William L. Megginson

University of Oklahoma

Professor & Price Chair in Finance

307 W Brooks, 205A Adams Hall

Norman, OK 73019

United States

http://faculty-staff.ou.edu/M/William.L.Megginson-

College of Industrial Management

Saudi Aramco Chair Professor in Finance

Dhahran, 31261

Saudi Arabia

King Fahd University of Petroleum & Minerals (KFUPM)

Dhahran, 31261

Saudi Arabia

SCHOLARLY PAPERS

80

DOWNLOADS
Rank 197

SSRN RANKINGS

Top 197

in Total Papers Downloads

60,314

CITATIONS
Rank 581

SSRN RANKINGS

Top 581

in Total Papers Citations

850

Scholarly Papers (80)

1.

From State to Market: A Survey of Empirical Studies on Privatization

Journal of Economic Literature, Vol. 39, No. 2, June 2001
Number of pages: 88 Posted: 04 Apr 2001
Jeffry M. Netter and William L. Megginson
Department of Finance and University of Oklahoma
Downloads 9,642 (425)
Citation 432

Abstract:

Loading...

Privatization, Transitional Economics, Equity Offering, International Finance, Corporate Governance, State Owned Enterprises, Public Ownership, Performance

2.

The Sovereign Wealth Fund Discount: Evidence from Public Equity Investments

Baffi Center Research Paper No. 2013-140, FEEM Working Paper No. 22.2009
Number of pages: 57 Posted: 09 Sep 2013 Last Revised: 11 Apr 2015
Bernardo Bortolotti, Veljko Fotak and William L. Megginson
Bocconi University, State of New York (SUNY) at Buffalo and University of Oklahoma
Downloads 5,003 (1,365)
Citation 1

Abstract:

Loading...

Sovereign wealth funds, International financial markets, Government policy and regulation

3.

Determinants of Performance Improvements in Privatized Firms: The Role of Restructuring and Corporate Governance

AFA 2001 New Orleans
Number of pages: 40 Posted: 29 Oct 2000
Juliet D'Souza, Robert C. Nash and William L. Megginson
Clayton State University - Department of Finance & Economics, Wake Forest University and University of Oklahoma
Downloads 3,666 (2,385)
Citation 2

Abstract:

Loading...

4.

An Empirical Analysis of Limited Recourse Project Finance

University of Oklahoma, Michel F. Price College of Business Working Paper Series
Number of pages: 48 Posted: 24 Sep 2001
Stefanie Kleimeier and William L. Megginson
Maastricht University - Department of Finance and University of Oklahoma
Downloads 2,905 (3,546)
Citation 10

Abstract:

Loading...

project finance, limited recourse

5.
Downloads 2,748 ( 3,902)
Citation 11

Corporate Governance in India

Journal of Applied Corporate Finance, Forthcoming
Number of pages: 24 Posted: 11 Sep 2007
Rajesh Chakrabarti, Pradeep K. Yadav and William L. Megginson
OP Jindal Global University, University of Oklahoma Price College of Business and University of Oklahoma
Downloads 2,735 (3,854)
Citation 11

Abstract:

Loading...

Corporate Governance, International Financial Markets, Government Policy and Regulation

Corporate Governance in India

Journal of Applied Corporate Finance, Vol. 20, Issue 1, pp. 59-72, Winter 2008
Number of pages: 16 Posted: 02 Apr 2008
Rajesh Chakrabarti, William L. Megginson and Pradeep K. Yadav
OP Jindal Global University, University of Oklahoma and University of Oklahoma Price College of Business
Downloads 13 (553,457)
Citation 11
  • Add to Cart

Abstract:

Loading...

6.

Creditor Rights, Enforcement, and Debt Ownership Structure: Evidence from the Global Syndicated Loan Market

Tuck-JQFA Contemporary Corporate Governance Issues II Conference
Number of pages: 33 Posted: 30 Jul 2002
Benjamin Esty and William L. Megginson
Harvard Business School and University of Oklahoma
Downloads 2,685 (4,059)
Citation 79

Abstract:

Loading...

creditor rights, international corporate governance, bank lending, project finance, syndication

7.

Sources of Performance Improvements in Privatized Firms: A Clinical Study of the Global Telecommunications Industry

University of Oklahoma Department of Finance Working Paper, FEEM Working Paper No. 26.2001
Number of pages: 50 Posted: 27 Mar 2001
Bocconi University, Clayton State University - Department of Finance & Economics, National Economic Research Associates Inc. (NERA) and University of Oklahoma
Downloads 2,609 (4,264)
Citation 12

Abstract:

Loading...

Privatisation, regulation, corporate governance, telecommunications

8.

Legal Risk as a Determinant of Syndicate Structure in the Project Finance Loan Market

HBS Finance Working Paper No. 02-067
Number of pages: 41 Posted: 25 Mar 2001
Benjamin Esty and William L. Megginson
Harvard Business School and University of Oklahoma
Downloads 2,054 (6,352)
Citation 1

Abstract:

Loading...

9.

Changes in Corporate Focus, Ownership Structure, and Long-Run Merger Returns

Number of pages: 53 Posted: 29 Jan 2001
Angela Morgan, Lance A. Nail and William L. Megginson
Clemson University - Department of Finance, University of Alabama at Birmingham - Department of Finance, Economics, and Quantitative Methods and University of Oklahoma
Downloads 1,843 (7,688)
Citation 9

Abstract:

Loading...

10.

The Determinants of Positive Long-Term Performance in Strategic Mergers: Corporate Focus and Cash

Number of pages: 44 Posted: 03 Oct 2002
Angela Morgan, Lance A. Nail and William L. Megginson
Clemson University - Department of Finance, University of Alabama at Birmingham - Department of Finance, Economics, and Quantitative Methods and University of Oklahoma
Downloads 1,610 (9,592)
Citation 14

Abstract:

Loading...

Corporate focus, Corporate diversification, Mergers, Acquisitions, Post-merger performance

11.

The Effects of Changes in Corporate Governance and Restructurings on Operating Performance: Evidence from Privatizations

Number of pages: 42 Posted: 25 May 2006
Juliet D'Souza, Robert C. Nash and William L. Megginson
Clayton State University - Department of Finance & Economics, Wake Forest University and University of Oklahoma
Downloads 1,556 (10,140)

Abstract:

Loading...

International financial markets, performance, privatization

12.
Downloads 1,547 ( 10,240)
Citation 9

Dividend Policy in the European Union

Number of pages: 41 Posted: 04 Mar 2007
J. Henk von Eije and William L. Megginson
University of Groningen - Faculty of Economics and Business and University of Oklahoma
Downloads 855 (24,922)
Citation 9

Abstract:

Loading...

Payout policy, economic integration, international financial markets, corporation and securities law

Dividend Policy in the European Union

Number of pages: 42 Posted: 15 Mar 2006
J. Henk von Eije and William L. Megginson
University of Groningen - Faculty of Economics and Business and University of Oklahoma
Downloads 692 (33,456)
Citation 8

Abstract:

Loading...

Payout policy, economic integration, international financial markets, corporation and securities law

13.

Towards a Global Model of Venture Capital?

Journal of Applied Corporate Finance, Vol. 16, No 1, Winter 2004
Number of pages: 45 Posted: 25 Nov 2002
William L. Megginson
University of Oklahoma
Downloads 1,507 (10,684)
Citation 40

Abstract:

Loading...

venture capital

14.

FDI Perspectives: Issues in International Investment

FDI PERSPECTIVES: ISSUES IN INTERNATIONAL INVESTMENT, K. Sauvant, L. Sachs, K. Davies, R. Zandvliet, eds., Vale Columbia Center, 2011
Number of pages: 122 Posted: 23 Jan 2012 Last Revised: 20 Aug 2018
Columbia University - Columbia Center on Sustainable Investment, Columbia University - Columbia Center on Sustainable Investment, Columbia University, Grotius Centre for International Legal Studies, Leiden Law School, Peter G. Peterson Institute for International Economics, Independent, Washington University in St. Louis - Department of Political Science, Duke University, Political Science, University of Michigan Law School, Autonomous University of Madrid, Independent, WU, Vienna University of Economics and BA, Vienna University of Economics and Business Administration, East-West Center, Drylands Research, United Nations, Independent, Berlin School of Economics and Law, University of Hamburg, Law School, University of Melbourne - Law School, Investment Division, OECD, Organization for Economic Co-Operation and Development (OECD) - Investment Division, State of New York (SUNY) at Buffalo, University of Oklahoma, affiliation not provided to SSRN, affiliation not provided to SSRN, Independent, Heenan Blaikie LLP, McGill University - Faculty of Law, USC Gould School of Law, Boston University, University College London, American University - Washington College of Law, Columbia University - Law School, Milbank, Tweed, Hadley & McCloy, Washburn University - School of Law, affiliation not provided to SSRN, York University - Osgoode Hall Law School and Independent
Downloads 1,368 (12,495)

Abstract:

Loading...

International investment treaties and arbitration, national investment policies, emerging market investors

15.

Extreme Underpricing: Determinants of Chinese Ipo Initial Returns

Number of pages: 31 Posted: 21 Mar 2006
Lihui Tian and William L. Megginson
Nankai University and University of Oklahoma
Downloads 1,315 (13,302)
Citation 16

Abstract:

Loading...

IPO Underpricing, Regulation, Investment Risks, Privatizations, Corporate Governance

16.

Privatization and the Rise of Global Capital Markets

FEEM Working Paper No. 53.2000
Number of pages: 58 Posted: 17 Aug 2000
Maria Boutchkova and William L. Megginson
University of Edinburgh and University of Oklahoma
Downloads 1,150 (16,368)
Citation 37

Abstract:

Loading...

17.

Dividends and Share Repurchases in the European Union

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 50 Posted: 04 Dec 2007
J. Henk von Eije and William L. Megginson
University of Groningen - Faculty of Economics and Business and University of Oklahoma
Downloads 1,136 (16,648)
Citation 26

Abstract:

Loading...

Payout policy, international financial markets, economic integration

18.

The Economics of Bank Privatization

Number of pages: 51 Posted: 02 Feb 2004
William L. Megginson
University of Oklahoma
Downloads 979 (20,820)
Citation 35

Abstract:

Loading...

Bank, privatization, state owned, ownership

19.

The Value of Investment Banking Relationships: Evidence from the Collapse of Lehman Brothers

Journal of Finance, Forthcoming, AFA 2011 Denver Meetings Paper
Number of pages: 63 Posted: 19 Mar 2010 Last Revised: 04 May 2011
Chitru S. Fernando, Anthony D. May and William L. Megginson
University of Oklahoma - Michael F. Price College of Business, Wichita State University - W. Frank Barton School of Business and University of Oklahoma
Downloads 829 (26,512)
Citation 9

Abstract:

Loading...

Firm-underwriter relationship, public security offerings, investment banking

20.
Downloads 822 ( 26,841)
Citation 15

Arranger Certification in Project Finance

Number of pages: 33 Posted: 05 Mar 2007 Last Revised: 15 Jul 2008
Bocconi University - Department of Finance, Maastricht University - Department of Finance, University of Oklahoma and Interbanca S.P.A. - ABN AMRO Group
Downloads 487 (53,046)
Citation 15

Abstract:

Loading...

International corporate governance, bank lending, project finance, syndication

Arranger Certification in Project Finance

EFA 2008 Athens Meetings Paper
Number of pages: 47 Posted: 05 Mar 2008 Last Revised: 09 Jun 2008
Bocconi University - Department of Finance, Maastricht University - Department of Finance, University of Oklahoma and Interbanca S.P.A. - ABN AMRO Group
Downloads 335 (83,330)
Citation 15

Abstract:

Loading...

international corporate governance, bank lending, project finance, syndication

21.

Effect of Institutional and Firm-Specific Characteristics on Post-Privatization Performance: Evidence from Developed Countries

Number of pages: 29 Posted: 22 Nov 2004
Juliet D'Souza, William L. Megginson and Robert C. Nash
Clayton State University - Department of Finance & Economics, University of Oklahoma and Wake Forest University
Downloads 821 (26,894)

Abstract:

Loading...

Privatization, corporate governance

22.

The Choice of Private Versus Public Capital Markets: Evidence from Privatizations

EFMA 2002 London Meetings; University of Oklahoma, Michael F. Price College of Business Working Paper
Number of pages: 35 Posted: 10 Nov 2001
Wake Forest University, Department of Finance, University of Oklahoma and University of Georgia - Department of Banking and Finance
Downloads 716 (32,439)
Citation 36

Abstract:

Loading...

Employee Ownership, Board Representation, and Corporate Financial Policies

21st Australasian Finance and Banking Conference 2008 Paper
Number of pages: 43 Posted: 27 Aug 2008 Last Revised: 17 Jun 2015
William L. Megginson, Edith Ginglinger and Timothée Waxin
University of Oklahoma, Université Paris Dauphine and Fédération Bancaire Française
Downloads 423 (63,224)
Citation 2

Abstract:

Loading...

Employee Ownership, Payout Policy, Privatization, Corporate Boards

Employee Ownership, Board Representation, and Corporate Financial Policies

Journal of Corporate Finance, 2011, 17, 868-887
Number of pages: 44 Posted: 02 Apr 2009 Last Revised: 17 Jun 2015
Edith Ginglinger, William L. Megginson and Timothée Waxin
Université Paris Dauphine, University of Oklahoma and Fédération Bancaire Française
Downloads 281 (101,366)
Citation 2

Abstract:

Loading...

Employee Ownership, Payout Policy, Privatization, Corporate Boards

One Half-Billion Shareholders and Counting-Determinants of Individual Share Ownership Around the World

Number of pages: 45 Posted: 22 Mar 2009 Last Revised: 01 Dec 2009
Paul A. Grout, William L. Megginson and Anna Zalewska
University of Bristol - Leverhulme Centre for Market and Public Organisation (CMPO), University of Oklahoma and University of Bath - Centre for Governance and Regulation; School of Management
Downloads 447 (59,103)
Citation 6

Abstract:

Loading...

Government policy and regulation, Capital and ownership structure, Property rights, Legal origin, International finance, Emerging markets

One Half-Billion Shareholders and Counting - Determinants of Individual Share Ownership Around the World

22nd Australasian Finance and Banking Conference 2009
Number of pages: 45 Posted: 25 Aug 2009
Paul A. Grout, William L. Megginson and Anna Zalewska
University of Bristol - Leverhulme Centre for Market and Public Organisation (CMPO), University of Oklahoma and University of Bath - Centre for Governance and Regulation; School of Management
Downloads 192 (148,576)
Citation 6

Abstract:

Loading...

government policy and regulation, capital and ownership structure, property rights

25.
Downloads 606 ( 40,562)
Citation 3

Privatization and Finance

Number of pages: 36 Posted: 30 Jan 2010
William L. Megginson
University of Oklahoma
Downloads 606 (39,977)
Citation 3

Abstract:

Loading...

Cross-listing, Privatization, ADR

Privatization and Finance

Annual Review of Financial Economics, Vol. 2, pp. 145-174, 2010
Posted: 12 Nov 2010
William L. Megginson
University of Oklahoma

Abstract:

Loading...

Rise of the Fiduciary State: A Survey of Sovereign Wealth Fund Research

Number of pages: 70 Posted: 05 May 2014
William L. Megginson and Veljko Fotak
University of Oklahoma and State of New York (SUNY) at Buffalo
Downloads 592 (41,264)

Abstract:

Loading...

Sovereign wealth funds, International financial markets, Government policy and regulation

Rise of the Fiduciary State: A Survey of Sovereign Wealth Fund Research

Journal of Economic Surveys, Vol. 29, Issue 4, pp. 733-778, 2015
Number of pages: 46 Posted: 19 Aug 2015
William L. Megginson and Veljko Fotak
University of Oklahoma and State of New York (SUNY) at Buffalo
Downloads 0
  • Add to Cart

Abstract:

Loading...

Government policy and regulation, International financial markets, Sovereign wealth funds

27.

Privatization, State Capitalism, and State Ownership of Business in the 21st Century

Foundations and Trends in Finance, Forthcoming
Number of pages: 82 Posted: 04 Oct 2016
William L. Megginson
University of Oklahoma
Downloads 574 (43,552)

Abstract:

Loading...

Sovereign Wealth Funds, International Financial Markets, Government Policy and Regulation

28.
Downloads 556 ( 45,372)
Citation 18

The Rise of Accelerated Seasoned Equity Underwritings

AFA 2007 Chicago Meetings Paper
Number of pages: 33 Posted: 14 Mar 2006
Bernardo Bortolotti, Scott Smart and William L. Megginson
Bocconi University, Indiana University - Kelley School of Business - Department of Finance and University of Oklahoma
Downloads 326 (85,918)
Citation 18

Abstract:

Loading...

Investment banking, government policy and regulation, financial policy

The Rise of Accelerated Seasoned Equity Underwritings

FEEM Working Paper No. 5.2007, EFA 2007 Ljubljana Meetings Paper
Number of pages: 46 Posted: 18 Jan 2007
Bernardo Bortolotti, William L. Megginson and Scott Smart
Bocconi University, University of Oklahoma and Indiana University - Kelley School of Business - Department of Finance
Downloads 230 (124,756)
Citation 18

Abstract:

Loading...

Equity offerings, underwriting, investment banking

29.

The Rise of Sovereign Wealth Funds: Definition, Organization, and Governance

Baffi Center Research Paper No. 2014-163
Number of pages: 26 Posted: 17 Dec 2014
Bernardo Bortolotti, Veljko Fotak and William L. Megginson
Bocconi University, State of New York (SUNY) at Buffalo and University of Oklahoma
Downloads 502 (51,644)

Abstract:

Loading...

Sovereign wealth funds, International financial markets, Government policy and regulation

30.

IPOs and Other Nontraditional Fund-Raising Methods of Private Equity Firms

PRIVATE EQUITY: FUND TYPES, RISKS AND RETURNS, AND REGULATION, pp. 31-51, D. Cumming, ed., Wiley Kolb Series in Finance, 2010
Number of pages: 30 Posted: 19 Mar 2009 Last Revised: 04 May 2010
Sridhar Gogineni and William L. Megginson
The University of Tampa - John H. Sykes College of Business and University of Oklahoma
Downloads 502 (51,644)

Abstract:

Loading...

IPO, Private Equity, Sovereign Wealth Funds

31.

Do Privatization IPO Firms Outperform in the Long-Run?

Number of pages: 38 Posted: 28 Feb 2005
Seung-Doo Choi, Inmoo Lee and William L. Megginson
Dongeui University - School of Business, KAIST College of Business and University of Oklahoma
Downloads 499 (52,057)
Citation 4

Abstract:

Loading...

Privatization, IPO, CAR, BHAR, Matched firm

32.

Government Ownership and the Cost of Debt: Evidence from Government Investments in Publicly Traded Firms

Paolo Baffi Centre Research Paper No. 2012-112
Number of pages: 52 Posted: 27 Apr 2012 Last Revised: 23 Sep 2013
Ginka Borisova, Veljko Fotak, Kateryna V. Holland and William L. Megginson
Iowa State University - Department of Finance, State of New York (SUNY) at Buffalo, Purdue University - Division of Finance and University of Oklahoma
Downloads 441 (60,847)
Citation 2

Abstract:

Loading...

Privatization, Government Ownership, Bonds, Cost of Debt

33.

State Ownership, Soft-Budget Constraint and Cash Holdings: Evidence from China’s Privatized Firms

23rd Australasian Finance and Banking Conference 2010 Paper
Number of pages: 48 Posted: 03 Aug 2010 Last Revised: 14 Nov 2012
William L. Megginson and Zuobao Wei
University of Oklahoma and University of Texas at El Paso
Downloads 428 (62,944)

Abstract:

Loading...

Privatization, State Ownership, Soft Budget Constraint, Cash Holdings, China

34.

Signal Power of Technological and Financial Variables in Venture Capital

Number of pages: 44 Posted: 13 Apr 2001
Kangmao Wang, Weenian Chua and William L. Megginson
Zhejiang University - School of Business Administration, affiliation not provided to SSRN and University of Oklahoma
Downloads 416 (65,118)
Citation 4

Abstract:

Loading...

Venture capital, signaling

Does Government Ownership Affect the Cost of Debt? Evidence from Privatization

Number of pages: 42 Posted: 25 Jun 2007 Last Revised: 08 Mar 2011
Ginka Borisova and William L. Megginson
Iowa State University - Department of Finance and University of Oklahoma
Downloads 393 (69,082)
Citation 4

Abstract:

Loading...

Privatization, Government Ownership, Bonds, Cost of Debt

Does Government Ownership Affect the Cost of Debt? Evidence from Privatization

Review of Financial Studies, Vol. 24, pp. 2693-2737, 2011
Posted: 08 Mar 2011 Last Revised: 04 Dec 2011
Ginka Borisova and William L. Megginson
Iowa State University - Department of Finance and University of Oklahoma

Abstract:

Loading...

Government Ownership, Privatization, Cost of Debt, Bonds

36.

Finance as Worship: A Survey of Islamic Finance Research

CEIF Discussion Paper (4/2017)
Number of pages: 89 Posted: 15 May 2017
Mohammed Alzahrani and William L. Megginson
King Fahd University of Petroleum & Minerals and University of Oklahoma
Downloads 349 (80,012)

Abstract:

Loading...

Islamic finance, Islamic economics, Islamic banking, Sharia-compliance, Sukuk, Islamic bonds, Sharia boards

37.

Do Privatization IPOs Outperform in the Long-Run?

Number of pages: 40 Posted: 18 Jan 2007 Last Revised: 15 Jul 2008
Seung-Doo Choi, Inmoo Lee and William L. Megginson
Dongeui University - School of Business, KAIST College of Business and University of Oklahoma
Downloads 286 (99,996)
Citation 5

Abstract:

Loading...

Privatization, International financial markets, Government policy and regulation

38.

A Financial Force to Be Reckoned with? An Overview of Sovereign Wealth Funds

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 476/2016
Number of pages: 54 Posted: 04 Sep 2016
Veljko Fotak, Xuechen Gao and William L. Megginson
State of New York (SUNY) at Buffalo, University of Oklahoma - Michael F. Price College of Business and University of Oklahoma
Downloads 270 (106,195)

Abstract:

Loading...

Sovereign wealth funds, International financial markets, Government policy and regulation

Flexibility of Dividend Policies and Shareholders' Returns in the European Union

Number of pages: 30 Posted: 13 Feb 2009 Last Revised: 18 Mar 2009
J. Henk von Eije and William L. Megginson
University of Groningen - Faculty of Economics and Business and University of Oklahoma
Downloads 253 (113,184)

Abstract:

Loading...

payout flexibility, shareholder returns, cash dividends, repurchases, European Union

Flexibility of Dividend Policies and Shareholders' Returns in the European Union

Posted: 19 Mar 2009
J. Henk von Eije and William L. Megginson
University of Groningen - Faculty of Economics and Business and University of Oklahoma

Abstract:

Loading...

Dividend policy, flexibility, abnormal returns, European Union

40.

It's All in the Name: Evidence of Founder-Firm Endowment Effects

Number of pages: 44 Posted: 20 Mar 2017
Paul Brockman, Hye Seung Lee, William L. Megginson and Jesus M. Salas
Lehigh University - College of Business & Economics, Fordham University - Accounting Area, University of Oklahoma and Lehigh University
Downloads 245 (117,974)

Abstract:

Loading...

Founder firms, Family firms, Endowment effect

Employment Protection Laws and Privatization

Journal of Law and Economics, Forthcoming
Number of pages: 35 Posted: 18 Mar 2012 Last Revised: 27 Dec 2017
Krishnamurthy Subramanian and William L. Megginson
Indian School of Business (ISB), Hyderabad and University of Oklahoma
Downloads 133 (203,890)

Abstract:

Loading...

Employment protection, labor laws, privatization

Employment Protection Laws and Privatization

Number of pages: 44 Posted: 26 Jan 2011
Krishnamurthy Subramanian and William L. Megginson
Indian School of Business (ISB), Hyderabad and University of Oklahoma
Downloads 98 (255,706)

Abstract:

Loading...

Employment protection, labor laws, privatization

42.

A Comparative Analysis of Ex Ante Credit Spreads: Structured Finance versus Straight Debt Finance

Number of pages: 49 Posted: 30 Nov 2013 Last Revised: 20 Jun 2017
João Pinto, Manuel O. Marques and William L. Megginson
Catholic University of Portugal - Porto, Católica Porto Business School, Universidade do Porto - Faculdade de Economia (FEP) and University of Oklahoma
Downloads 228 (126,312)

Abstract:

Loading...

Debt pricing; structured finance; project finance; corporate bonds; financial crisis; term structure

Prestige without Purpose? Reputation, Differentiation, and Pricing in U.S. Equity Underwriting

Journal of Corporate Finance, Vol. 32, 2015
Number of pages: 64 Posted: 02 Oct 2013 Last Revised: 09 Mar 2016
University of Oklahoma - Michael F. Price College of Business, University of Central Florida - Department of Finance, Wichita State University - W. Frank Barton School of Business and University of Oklahoma
Downloads 151 (183,743)

Abstract:

Loading...

Equity underwriting; underwriter reputation; vertical differentiation; underwriting spreads; investment banking; firm-underwriter matching; underwriting syndicates; analyst coverage

Prestige Without Purpose? Reputation, Differentiation, and Pricing in U.S. Equity Underwriting

Number of pages: 50 Posted: 30 Jul 2014
University of Oklahoma - Michael F. Price College of Business, University of Central Florida - Department of Finance, Wichita State University - W. Frank Barton School of Business and University of Oklahoma
Downloads 56 (353,732)

Abstract:

Loading...

Equity underwriting; underwriter reputation; vertical differentiation; underwriting spreads; investment banking; firm-underwriter matching; underwriting syndicates; analyst coverage

44.

Financial Distress Risk in Initial Public Offerings: How Much Do Venture Capitalists Matter?

Journal of Corporate Finance, Forthcoming
Number of pages: 47 Posted: 27 Jan 2016 Last Revised: 23 Sep 2016
University of Oklahoma, Second University of Naples (SUN), University of Naples Parthenope and University of Naples Parthenope
Downloads 206 (139,181)

Abstract:

Loading...

Venture capital; Financial distress risk; Bankruptcy; IPOs; Reputation

45.

The Evolution of Equity Financing: A Comparison of Dual-Class and Single-Class SEOs

Number of pages: 29 Posted: 14 Jan 2008
Scott Smart, Chad J. Zutter and William L. Megginson
Indiana University - Kelley School of Business - Department of Finance, University of Pittsburgh - Finance Group and University of Oklahoma
Downloads 197 (145,099)
Citation 1

Abstract:

Loading...

Seasoned equity offerings (SEOs), Announcement Effects, Dual class, Reduced monitoring, Governance

46.

Privatization Trends and Major Deals in 2010

Number of pages: 17 Posted: 18 Jul 2011
William L. Megginson
University of Oklahoma
Downloads 176 (160,808)

Abstract:

Loading...

Privatization, Government Ownership

47.

Are Investment Banks Special Too? Evidence on Relationship-Specific Capital in Investment Bank Services

Number of pages: 31 Posted: 27 Feb 2012 Last Revised: 28 Feb 2012
Chitru S. Fernando, Anthony D. May and William L. Megginson
University of Oklahoma - Michael F. Price College of Business, Wichita State University - W. Frank Barton School of Business and University of Oklahoma
Downloads 172 (164,127)

Abstract:

Loading...

Firm-investment bank relationship, bank specialness, investment bank services, public security offerings

Do Share Issue Privatizations Really Improve Firm Performance in China?

Number of pages: 36 Posted: 17 Aug 2015 Last Revised: 08 Nov 2015
Bo Li, William L. Megginson, Zhe Shen and Qian Sun
Shantou University, University of Oklahoma, Xiamen University and Fudan University
Downloads 86 (278,314)

Abstract:

Loading...

Privatization, International financial markets, Government policy and regulation

Why Don’t Share Issue Privatizations Improve Profitability in China?

Asian Finance Association (AsianFA) 2017 Conference
Number of pages: 60 Posted: 27 Jan 2017 Last Revised: 27 Nov 2017
Bo Li, William L. Megginson, Zhe Shen and Qian Sun
Shantou University, University of Oklahoma, Xiamen University and Fudan University
Downloads 48 (380,080)

Abstract:

Loading...

Privatization, Listing, Difference-in-differences, Government policy and regulation

Do Share Issue Privatizations Really Improve Firm Performance in China?

Number of pages: 36 Posted: 02 Nov 2015
Bo Li, William L. Megginson, Zhe Shen and Qian Sun
Shantou University, University of Oklahoma, Xiamen University and Fudan University
Downloads 33 (439,138)

Abstract:

Loading...

Privatization, International financial markets, Government policy and regulation

49.

Privatization Trends and Major Deals in 2012 and 1H2013

Number of pages: 21 Posted: 17 Aug 2013
William L. Megginson
University of Oklahoma
Downloads 165 (170,216)

Abstract:

Loading...

Privatization, Government Ownership

50.

A BIT of Investor Protection: How Bilateral Investment Treaties Impact the Terms of Syndicated Loans

29th Australasian Finance and Banking Conference 2016
Number of pages: 65 Posted: 17 Feb 2015 Last Revised: 14 Jan 2017
Veljko Fotak, Haekwon Lee and William L. Megginson
State of New York (SUNY) at Buffalo, State University of New York (SUNY) - Buffalo and University of Oklahoma
Downloads 164 (171,154)

Abstract:

Loading...

Property rights, political risk, government expropriation, syndicated loans

Why Do Privatized Firms Pay Higher Dividends?

Number of pages: 50 Posted: 30 Jul 2014 Last Revised: 24 Sep 2016
University of Liverpool - Management School (ULMS), Southern Illinois University at Edwardsville - Department of Economics, University of Oklahoma and University College Dublin
Downloads 134 (202,719)

Abstract:

Loading...

Dividends, dividend tax penalty, pay-out policy, privatization, agency costs

52.

State Ownership and Corporate Investment

Number of pages: 59 Posted: 22 Feb 2016 Last Revised: 24 Aug 2018
Patrick Jaslowitzer, William L. Megginson and Marc Steffen Rapp
University of Marburg - School of Business & Economics, University of Oklahoma and University of Marburg - School of Business & Economics
Downloads 162 (172,895)

Abstract:

Loading...

Government policy and regulation, state ownership, corporate investment

An Empirical Analysis of Cross-Listing Decisions in Share-Issue Privatizations: Evidence from Developed and Developing Countries

Number of pages: 34 Posted: 23 Aug 2010
Robert C. Nash, Juliet D'Souza and William L. Megginson
Wake Forest University, Georgia Gwinnett College and University of Oklahoma
Downloads 71 (312,346)

Abstract:

Loading...

Cross-listing, Privatization, ADR

An Empirical Analysis of Cross-Listing Decisions in Share-Issue Privatizations: Evidence from Developed and Developing Countries

Number of pages: 32 Posted: 25 Aug 2009
Juliet D'Souza, William L. Megginson and Robert C. Nash
Georgia Gwinnett College, University of Oklahoma and Wake Forest University
Downloads 66 (325,140)

Abstract:

Loading...

Cross-listing, Privatization, ADR

54.

Privatization Trends and Major Deals of 2011 and 1H2012

Number of pages: 17 Posted: 28 Aug 2012
William L. Megginson and Bernardo Bortolotti
University of Oklahoma and Bocconi University
Downloads 132 (204,524)

Abstract:

Loading...

privatization, government ownership

55.

The Market Value of Government Ownership

Number of pages: 47 Posted: 15 May 2017 Last Revised: 12 Dec 2017
Narjess Boubakri, Sadok El Ghoul, Omrane Guedhami and William L. Megginson
American University of Sharjah - School of Business and Management, University of Alberta - Campus Saint-Jean, University of South Carolina - Moore School of Business and University of Oklahoma
Downloads 122 (217,323)

Abstract:

Loading...

Government Control; Financial Crises; Corporate Valuation

56.

Privatization Trends and Major Deals in 2015 and 2016

Number of pages: 25 Posted: 03 Apr 2017
William L. Megginson
University of Oklahoma
Downloads 105 (242,202)

Abstract:

Loading...

Privatization, Government Ownership

57.

State Capitalism and State Ownership of Business in the 21st Century

Number of pages: 82 Posted: 04 Jan 2018
William L. Megginson
University of Oklahoma
Downloads 101 (248,859)

Abstract:

Loading...

Sovereign wealth funds, International financial markets, Government policy and regulation

58.

State Ownership, Soft-Budget Constraints, and Cash Holdings: Evidence from China's Privatized Firms

Journal of Banking and Finance, Vol. 48, 2014
Number of pages: 16 Posted: 19 Dec 2014 Last Revised: 16 Mar 2015
William L. Megginson, Barkat Ullah and Zuobao Wei
University of Oklahoma, Morgan State University and University of Texas at El Paso
Downloads 95 (259,135)

Abstract:

Loading...

Privatization, State ownership, Soft-budget constraints, Cash holdings, China

59.

Hedging Gone Wild: Was Delta Air Lines’ Purchase of Trainer Refinery a Sound Risk Management Strategy?

Number of pages: 45 Posted: 14 Nov 2016 Last Revised: 30 Aug 2018
Abdullah Almansour, William L. Megginson and Leonid Pugachev
King Fahd University of Petroleum & Minerals (KFUPM), University of Oklahoma and University of Oklahoma - Michael F. Price College of Business, Students
Downloads 94 (260,892)

Abstract:

Loading...

G32, G31, L1

60.

Privatization Trends and Major Deals in 2010 and 1H2011

Number of pages: 18 Posted: 28 Aug 2012
William L. Megginson and Bernardo Bortolotti
University of Oklahoma and Bocconi University
Downloads 94 (260,892)

Abstract:

Loading...

privatization, government ownership

61.

Political Economy of Privatized Economy

Number of pages: 44 Posted: 19 Mar 2010
William L. Megginson and Seung-Doo Choi
University of Oklahoma and Dongeui University - School of Business
Downloads 81 (286,219)
Citation 1

Abstract:

Loading...

privatization, operating performance, external governance, deregulation

62.

Bank Executives’ Outside Directorships and Career Outcomes

Number of pages: 46 Posted: 03 Jul 2016
Thomas K. Kick, William L. Megginson and Andrea Schertler
Deutsche Bundesbank, University of Oklahoma and Leuphana University of Lueneburg
Downloads 67 (318,648)

Abstract:

Loading...

executive directors, outside directorships, appointments, bank performance

63.

Why Don't Share Issue Privatizations Improve Profitability in China?

30th Australasian Finance and Banking Conference 2017
Number of pages: 60 Posted: 06 Apr 2017 Last Revised: 27 Nov 2017
Bo Li, William L. Megginson, Zhe Shen and Qian Sun
Shantou University, University of Oklahoma, Xiamen University and Fudan University
Downloads 58 (342,664)

Abstract:

Loading...

Privatization, Listing, Difference-in-differences, Government policy and regulation

64.

Do Governments Time Their Stock Issues?

Number of pages: 20 Posted: 18 Mar 2010
Seung-Doo Choi and William L. Megginson
Dongeui University - School of Business and University of Oklahoma
Downloads 47 (376,897)

Abstract:

Loading...

underpricing, signaling, market-feedback, seasoned equity offering, market timing

65.

Privatization Trends and Major Deals in 2009

Number of pages: 16 Posted: 28 Aug 2012
William L. Megginson
University of Oklahoma
Downloads 46 (380,237)

Abstract:

Loading...

privatization, government ownership

66.

Can Restructuring Gains Be Sustained Without Ownership Changes? Evidence From Withdrawn Privatizations

Number of pages: 45 Posted: 04 Aug 2018
Gabriele Lattanzio and William L. Megginson
The University of Oklahoma and University of Oklahoma
Downloads 37 (412,808)

Abstract:

Loading...

Privatization, International Financial Markets, Government Policy and Regulation

67.

Privatisation in Developing Countries

Corporate Governance: An International Review, Vol. 14, No. 4, pp. 234-265, July 2006
Number of pages: 32 Posted: 05 Jul 2006
Natalie L. Sutter and William L. Megginson
University of Oklahoma - Division of Finance and University of Oklahoma
Downloads 36 (416,876)
Citation 2
  • Add to Cart

Abstract:

Loading...

68.

Growth and Growth Obstacles in Transition Economies: Privatized Versus De Novo Private Firms

Journal of Corporate Finance, Forthcoming
Number of pages: 44 Posted: 11 May 2015
Juliet D'Souza, William L. Megginson, Barkat Ullah and Zuobao Wei
Georgia Gwinnett College, University of Oklahoma, Morgan State University and University of Texas at El Paso
Downloads 35 (420,831)

Abstract:

Loading...

Privatization, Firm performance, Growth obstacle, Transition economy, World Bank Enterprise Survey

69.

The Financial and Economic Lessons of Italy's Privatization Program

Journal of Applied Corporate Finance, Vol. 18, No. 3, pp. 56-65, Summer 2006
Number of pages: 12 Posted: 05 Oct 2006
Dario Scannapieco and William L. Megginson
Ministry of Economy and Finance, Italy and University of Oklahoma
Downloads 33 (428,868)
Citation 3
  • Add to Cart

Abstract:

Loading...

70.

FDI Perspectives: Issues in International Investment, 2nd Edition

K. Sauvant and J. Reimer, eds., New York: Vale Columbia Center on Sustainable International Investment, 2012
Number of pages: 282 Posted: 16 Aug 2018 Last Revised: 11 Nov 2018
Karl P. Sauvant, Jennifer Reimer, Todd Allee, Ilan Alon, Alice H. Amsden, Tadahiro Asami, Reuven S. Avi-Yonah, Paul Barbour, Christian Bellak, Axel Berger, Sjoerd Beugelsdijk, Subrata Bhattacharjee, Harry G. Broadman, Elizabeth Broomfield, Gert Bruche, Matthias Busse, John A. Cantwell, Aleh Cherp, Lorenzo Cotula, Nandita Dasgupta, Kenneth Davies, Alexandre de Gramont, Armand Claude de Mestral, Kabir Duggal, Persephone Economou, John Evans, David N. Fagan, Mark Feldman, Hermann Ferré, Daniel M. Firger, Veljko Fotak, Susan D. Franck, Kevin P. Gallagher, Nilgun Gokgur, Kathryn Gordon, Jose Guimon, Thilo Hanemann, Torfinn Harding, Jean-François Hennart, Seev Hirsch, Wing (Xiaoying) Huo, Beata Smarzynska Javorcik, Nathan M. Jensen, Lise Johnson, Thomas Jost, George Kahale III, Kalman Kalotay, Laza Kekic, John M. Kline, Charles Kovacs, Jürgen Kurtz, Jo En Low, Miguel Pérez Ludeña, Edmund J. Malesky, Geraldine McAllister, William L. Megginson, Sophie Meunier-Aitsahalia, Michael Mortimore, Joel Moser, Michael D. Nolan, Peter Nunnenkamp, Terutomo Ozawa, Clint Peinhardt, Nicolás M. Perrone, Luke Eric Peterson, Mark Plotkin, Joachim Pohl, Lauge N. Skovgaard Poulsen, Carlos Razo, Daniel Rosen, Martin Roy, Giorgio Sacerdoti, Premila Nazareth Satyanand, Manfred Schekulin, Stephan Schill, Francisco Colman Sercovich, Arjen HL Slangen, Roger Smeets, Hans Smit, M. Sornarajah, Frederic G. Sourgens, Jonathan Strauss, Kenneth P. Thomas, Margo Thomas, Perrine Toledano, Julien Topal, Anne van Aaken, Gus Van Harten, Daniel Villar, Sandy Walker, Mira Wilkins, Jason W. Yackee and Chen Zhao
Columbia University - Columbia Center on Sustainable Investment, Independent, Independent, University of Agder - School of Management, Massachusetts Institute of Technology (MIT), Independent, University of Michigan Law School, Independent, WU, Vienna University of Economics and BA, German Development Institute / Deutsches Institut für Entwicklungspolitik (DIE), University of Groningen, Heenan Blaikie LLP, World Bank - Europe and Central Asia Region, Cleary Gottlieb Steen & Hamilton LLP, Berlin School of Economics and Law, Ruhr-University Bochum, Rutgers Business School - Newark and New Brunswick, Central European University, Independent, Independent, Columbia University, Independent, McGill University - Faculty of Law, Independent, World Bank Group, Independent, Independent, Peking University School of Transnational Law, Independent, Columbia Center for Climate Change Law, State of New York (SUNY) at Buffalo, American University - Washington College of Law, Boston University, Independent, Investment Division, OECD, Autonomous University of Madrid, Independent, University of Oxford, Tilburg University - Center and Faculty of Economics and Business Administration, Tel Aviv University - Faculty of Management, Independent, University of Oxford - Department of Economics, Washington University in St. Louis - Department of Political Science, Columbia Center on Sustainable Investment, University of Applied Sciences Aschaffenburg, Independent, United Nations Conference on Trade and Development (UNCTAD), Independent, Independent, Independent, University of Melbourne - Law School, Independent, Independent, Duke University, Political Science, Columbia University, University of Oklahoma, Princeton University - Woodrow Wilson School of Public and International Affairs, Independent, Independent, Milbank, Tweed, Hadley & McCloy, University of Kiel, East-West Center, University of Texas at Dallas, Durham Law School, Independent, Independent, Organization for Economic Co-Operation and Development (OECD) - Investment Division, University College London, United Nations, Independent, World Trade Organization (WTO) - Trade in Services Division, Bocconi University - Department of Law, Independent, Government of the Republic of Austria - Federal Ministry of Economics and Labour, Independent, Independent, University of Amsterdam Business School, Rutgers, The State University of New Jersey - Management & Global Business, Columbia University - Law School, National University of Singapore - Faculty of Law, Washburn University - School of Law, Independent, University of Missouri at Saint Louis, Independent, Columbia University - Vale Columbia Center on Sustainable International Investment, European University Institute - Department of Political and Social Sciences (SPS), University of Hamburg, Law School, York University - Osgoode Hall Law School, Columbia Business School - Economics Department, Independent, Florida International University (FIU) - Department of Economics, University of Wisconsin Law School and Independent
Downloads 16 (515,530)

Abstract:

Loading...

71.

The Effect of Property Rights on Capital Structure: Evidence from a Natural Experiment

Number of pages: 39
Yixin Liu, Yu Liu, William L. Megginson and Zuobao Wei
University of New Hampshire, University of Texas Rio Grande Valley, University of Oklahoma and University of Texas at El Paso
Downloads 2

Abstract:

Loading...

China,Property rights protection,Capital structure, Leverage

72.

Determinants of Sovereign Wealth Fund Cross‐Border Investments

Financial Review, Vol. 48, Issue 4, pp. 539-572, 2013
Number of pages: 34 Posted: 11 Oct 2013
William L. Megginson, Miao You and Liyan Han
University of Oklahoma, Party School of the Central Committee of the CPC and Beihang University (BUAA) - School of Economic and Management Science
Downloads 1 (608,921)
  • Add to Cart

Abstract:

Loading...

sovereign wealth funds, cross‐border investment, investment facilitation hypothesis, political influence hypothesis

73.

The Phenomenon of Privatization: A Comparative Analysis

Journal of Comparative Policy Analysis, Vol. 10, No. 4, 2008, pp. 445-462
Posted: 23 Aug 2013
Ginka Borisova, Matthew Ingram and William L. Megginson
Iowa State University - Department of Finance, Independent and University of Oklahoma

Abstract:

Loading...

74.

Are Investment Banks Special Too? Evidence on Relationship‐Specific Capital in Investment Bank Services

Journal of Applied Corporate Finance, Vol. 24, Issue 1, pp. 92-104, 2012
Number of pages: 15 Posted: 25 Mar 2012
Chitru S. Fernando, William L. Megginson and Anthony D. May
University of Oklahoma - Michael F. Price College of Business, University of Oklahoma and Wichita State University - W. Frank Barton School of Business
Downloads 0 (625,365)
  • Add to Cart

Abstract:

Loading...

Venture Capitalist Certification in Initial Public Offerings

Journal of Finance, Vol. 46, pp. 879-903, 1991
Posted: 12 Feb 2008
Kathleen Weiss Hanley and William L. Megginson
Lehigh University - College of Business & Economics and University of Oklahoma

Abstract:

Loading...

Venture Capitalist Certification in Initial Public Offerings

University of Illinois at Urbana-Champaign's Academy for Entrepreneurial Leadership Historical Research Reference in Entrepreneurship
Posted: 17 Nov 2009
William L. Megginson and Kathleen A. Weiss
University of Oklahoma and affiliation not provided to SSRN

Abstract:

Loading...

Auditors, Institutional shareholders, Valuation, Venture capitalists, Initial public offerings (IPO), Venture capital, Underwriting, Rates of return, Certification

76.

Why Do Public Companies Begin Paying Dividends?

Posted: 25 Sep 1999
Carlos P. Maquieira, Marc L. Lipson and William L. Megginson
University of Chile - Diagonal Paraguay, University of Virginia - Darden School of Business and University of Oklahoma

Abstract:

Loading...

77.

Share Issue Privatizations as Financial Means to Political and Economic Ends

Posted: 14 Sep 1999
Steven L. Jones, William L. Megginson, Robert C. Nash and Jeffry M. Netter
Indiana University - Kelley School of Business - Department of Finance, University of Oklahoma, Wake Forest University and Department of Finance

Abstract:

Loading...

78.

Loan Pricing in Project Finance

Posted: 03 Sep 1999
Stefanie Kleimeier and William L. Megginson
Maastricht University - Department of Finance and University of Oklahoma

Abstract:

Loading...

79.

How Stock-Swap Mergers Affect Shareholder (and) Bondholder Wealth: More Evidence of the Value of Corporate 'Focus'

Journal of Applied Corporate Finance, Vol. 11, No. 2, Summer 1998
Posted: 23 Feb 1999
Lance A. Nail, Carlos P. Maquieira and William L. Megginson
University of Alabama at Birmingham - Department of Finance, Economics, and Quantitative Methods, University of Chile - Diagonal Paraguay and University of Oklahoma

Abstract:

Loading...

80.

Dividend Initiations and Earnings Surprises

Financial Management, Vol. 27, No. 3, Autumn 1998, Special Issue: Dividends
Posted: 03 Feb 1999
Marc L. Lipson, Carlos P. Maquieira and William L. Megginson
University of Virginia - Darden School of Business, University of Chile - Diagonal Paraguay and University of Oklahoma

Abstract:

Loading...