Abhinav Goyal

University of Birmingham

Edgbaston Park Road

Birmingham, B15 2TY

United Kingdom

University College Cork

O'Rahilly Building

College Road

Cork

Ireland

SCHOLARLY PAPERS

37

DOWNLOADS
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Top 20,300

in Total Papers Downloads

4,792

SSRN CITATIONS
Rank 9,887

SSRN RANKINGS

Top 9,887

in Total Papers Citations

169

CROSSREF CITATIONS

4

Scholarly Papers (37)

1.

Media Coverage and IPO Pricing Around the World

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 60 Posted: 24 Oct 2017 Last Revised: 18 Jan 2019
City University of Hong Kong (CityU) - Department of Accountancy, University of Birmingham, T.A. PAI Management Institute, Finance Area and University of Melbourne - Melbourne Business School
Downloads 528 (101,648)
Citation 33

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Media coverage, IPO pricing, information asymmetry

2.

Societal Secrecy and IPO Underpricing

Journal of Corporate Finance, Forthcoming
Number of pages: 58 Posted: 03 Aug 2022
City University of Hong Kong (CityU) - Department of Accountancy, Hong Kong Polytechnic University, University of Birmingham and T.A. PAI Management Institute, Finance Area
Downloads 506 (107,088)
Citation 6

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Initial public offerings, Cross-border investments, Societal secrecy

3.
Downloads 359 (159,256)
Citation 5

Why Do Privatized Firms Pay Higher Dividends?

Number of pages: 50 Posted: 30 Jul 2014 Last Revised: 24 Sep 2016
University of Birmingham, SIUE, University of Oklahoma and University College Dublin
Downloads 242 (238,536)
Citation 2

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

Why Do Privatized Firms Pay Higher Dividends?

Michael J. Brennan Irish Finance Working Paper Series Research Paper No. 18-10, Journal of Corporate Finance, Vol. 60, No. 101493, 2020
Number of pages: 52 Posted: 19 Sep 2018 Last Revised: 19 Aug 2021
University of Birmingham, SIUE and University College Dublin
Downloads 117 (448,514)
Citation 4

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Privatization, State ownership, Payout policy, Dividends, Minority shareholders, State income, State reputation

4.

Global Board Reforms and the Pricing of IPOs

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 63 Posted: 30 Jul 2020 Last Revised: 21 Jan 2021
Yangyang Chen, Abhinav Goyal and Leon Zolotoy
City University of Hong Kong (CityU) - Department of Accountancy, University of Birmingham and University of Melbourne - Melbourne Business School
Downloads 327 (176,094)

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Global board reforms; IPO underpricing; Corporate governance

Social Capital and the Pricing of Initial Public Offerings

Number of pages: 55 Posted: 05 Oct 2021
City University of Hong Kong (CityU) - Department of Accountancy, Monash University - Department of Banking and Finance, University of Birmingham and T.A. PAI Management Institute, Finance Area
Downloads 173 (326,027)

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Social capital, IPO underpricing, informal contracting mechanisms

Social Capital and the Pricing of Initial Public Offerings

Number of pages: 59 Posted: 29 Aug 2022
City University of Hong Kong (CityU) - Department of Accountancy, Monash University - Department of Banking and Finance, University of Birmingham and T A Pai Management Institute
Downloads 80 (582,449)

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Social capital, IPO underpricing, earnings management, informal contracting mechanisms

6.

Democracy and the Pricing of Initial Public Offerings around the World

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 52 Posted: 08 Jul 2021 Last Revised: 12 Jul 2021
Monash University - Department of Banking and Finance, University of Birmingham, University of Liverpool - Management School (ULMS) and T.A. PAI Management Institute, Finance Area
Downloads 237 (244,553)
Citation 26

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Democracy, IPO underpricing, Information asymmetry, Corporate governance

7.

The Global Preference for Dividends in Declining Markets

Financial Review, 2015, Forthcoming
Number of pages: 43 Posted: 10 Nov 2014 Last Revised: 01 Sep 2015
Babson College - Finance Division, University of Birmingham, Trinity Business School, Trinity College Dublin and University College Dublin
Downloads 222 (260,389)

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Dividend policy, market movement, G-7, BRICS

8.

Terrorist Attacks, Investor Sentiment, and the Pricing of Initial Public Offerings

Journal of Corporate Finance, Forthcoming
Number of pages: 62 Posted: 30 Jul 2019 Last Revised: 03 Nov 2020
City University of Hong Kong (CityU) - Department of Accountancy, University of Birmingham, T.A. PAI Management Institute, Finance Area and University of Melbourne - Melbourne Business School
Downloads 215 (268,255)
Citation 3

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terrorist attacks, investor sentiment, IPO pricing

Litigation Risk and IPO Underpricing: Evidence from Federal Judge Ideology

Number of pages: 57 Posted: 04 Oct 2022 Last Revised: 01 May 2023
City University of Hong Kong (CityU) - Department of Accountancy, University of Birmingham, T.A. PAI Management Institute, Finance Area and University of Melbourne - Melbourne Business School
Downloads 162 (345,468)

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Litigation risk, IPO underpricing, federal judge ideology

Litigation Risk and IPO Underpricing: Evidence from Federal Judge Ideology

Number of pages: 55 Posted: 07 Jul 2023 Last Revised: 05 Oct 2023
City University of Hong Kong (CityU) - Department of Accountancy, University of Birmingham, T A Pai Management Institute and University of Melbourne - Melbourne Business School
Downloads 33 (876,493)

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Litigation risk, IPO underpricing, federal judge ideology

10.

Market Manipulation Rules and IPO Underpricing

Journal of Corporate Finance, Forthcoming
Number of pages: 54 Posted: 11 Sep 2020 Last Revised: 20 Dec 2020
Monash University - Department of Banking and Finance, University of Birmingham, University of Liverpool - Management School (ULMS) and T.A. PAI Management Institute, Finance Area
Downloads 176 (321,454)
Citation 9

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Exchange trading rules; market manipulation; IPO pricing; information asymmetry

11.

Investment and Deleveraging Financed by Dividends: Evidence from Japanese Business Groups

Michael J. Brennan Irish Finance Working Paper Series Research Paper No. 18-2
Number of pages: 54 Posted: 09 May 2018 Last Revised: 24 Mar 2022
University of Birmingham, University College Dublin, Fudan University - International School of Finance (FISF) and Boston College - Department of Finance
Downloads 147 (374,463)

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Japan, business group, cross-holding, dividend, investment, leverage

12.

Impact of Legal Institutions on IPO Survival: A Global Perspective

Journal of Financial Stability, Forthcoming
Number of pages: 42 Posted: 11 Jun 2016
The University of Manchester - Manchester Business School, University of Birmingham and Cranfield University - School of ManagementCranfield School of Management
Downloads 145 (378,585)
Citation 9

Abstract:

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G15, G3, F3, K4

13.

The Impact of Shareholders and Creditors Rights on IPO Performance: An International Study

British Accounting Review, Forthcoming
Number of pages: 46 Posted: 30 Jul 2018 Last Revised: 18 Aug 2021
The University of Manchester - Manchester Business School, University of Birmingham and Cranfield University - School of ManagementCranfield School of Management
Downloads 135 (400,360)

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investor protection; shareholder rights; creditor rights; IPO delisting; long-term performance

14.

Anti-Collusion Leniency Legislations and IPO Activity: Worldwide Evidence

Number of pages: 60 Posted: 08 Jun 2023 Last Revised: 26 Dec 2023
Huu Nhan Duong, Abhinav Goyal and Leon Zolotoy
Monash University - Department of Banking and Finance, University of Birmingham and University of Melbourne - Melbourne Business School
Downloads 118 (443,627)

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Leniency legislations; IPO activity; Product market competition

15.

How Does Venture Capital Experience Affect Portfolio Firm's Long-Run Performance?

31st Australasian Finance and Banking Conference 2018
Number of pages: 39 Posted: 26 Jul 2018
Qiong Ji, Xiaoming Ding and Abhinav Goyal
Xi'an Jiaotong-Liverpool University, Xi'an Jiaotong-Liverpool University - Business School and University of Birmingham
Downloads 117 (446,487)

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Venture Capital, Post-IPO performance, Experience, Corporate Governance

16.

Private Firm Disclosure Transparency and International IPO Underpricing

Number of pages: 56 Posted: 27 Nov 2023 Last Revised: 27 Feb 2024
City University of Hong Kong (CityU) - Department of Accountancy, University of Birmingham, Hong Kong Polytechnic University - School of Accounting and Finance and University of Melbourne - Melbourne Business School
Downloads 110 (467,473)

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Private firm disclosures, IPO underpricing, investor attention, crowding out effect

17.

Does Tenure Matter: Role of the Corporate Secretary in Chinese Listed Firms

Accounting Horizons, Forthcoming
Number of pages: 37 Posted: 02 Aug 2018
Chen Wang, Qing Ye and Abhinav Goyal
Xi'an Jiaotong University (XJTU) - Cardiovascular Department, Xi'an Jiaotong-Liverpool University (XJTLU) - International Business School Suzhou and University of Birmingham
Downloads 99 (503,515)
Citation 1

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corporate secretary, tenure, fraud, lawsuit, outside directors, corporate governance

18.

Uncertainty of Uncertainty and Firm Cash Holdings

Journal of Financial Stability, Forthcoming
Number of pages: 35 Posted: 12 Feb 2021
John W. Goodell, Abhinav Goyal and Andrew Urquhart
University of Akron - Department of Finance, College of Business Administration, University of Birmingham and University of Reading - ICMA Centre
Downloads 92 (528,008)
Citation 11

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Economic policy uncertainty, Uncertainty of uncertainty, Cash holdings, Real options, Transaction costs

19.

IPOs and SEOs, Real Investments, and Market Timing: Emerging Market Evidence

Journal of International Financial Markets, Institutions and Money, Forthcoming
Number of pages: 47 Posted: 11 Jun 2016
Institute of Chartered Financial Analysts of India (ICFAI) - IBS - Hyderabad, Institute of Chartered Financial Analysts of India (ICFAI) - The Icfai University (IFHE), Hyderabad, University of Birmingham and Cranfield University - School of ManagementCranfield School of Management
Downloads 76 (592,243)
Citation 2

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IPOs, SEOs, market-timing, investment funding, market-to-book ratio, residual income model, long-run performance

20.

Does the Information Content of Payout Initiations and Omissions Influence Firm Risks?

Journal of Econometrics, No. 183, 2014, 222-229
Number of pages: 30 Posted: 07 Mar 2016 Last Revised: 23 Jun 2016
J. Henk von Eije, Abhinav Goyal and Cal B. Muckley
University of Groningen - Faculty of Economics and Business, University of Birmingham and University College Dublin
Downloads 75 (596,613)
Citation 3

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dividends, repurchases, initiations, omissions, total risk, idiosyncratic risk, systematic firm risks, self-selection

21.

What Determines Debt Structure in Emerging Markets: Transaction Costs or Public Monitoring?

International Review of Financial Analysis, Forthcoming
Number of pages: 33 Posted: 19 Jul 2016 Last Revised: 25 Jul 2018
John W. Goodell and Abhinav Goyal
University of Akron - Department of Finance, College of Business Administration and University of Birmingham
Downloads 74 (601,086)
Citation 3

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Emerging markets; Public monitoring; Transaction costs; Corporate bonds; Relationship financing; Debt structure; National culture; Institutions

22.

Determinants of Commonality in Liquidity: Evidence from an Order-Driven Emerging Market

North American Journal of Economics and Finance (Forthcoming)
Number of pages: 35 Posted: 14 Jul 2017
Institute of Chartered Financial Analysts of India (ICFAI) - IBS - Hyderabad, Institute of Chartered Financial Analysts of India (ICFAI) - IBS - Hyderabad and University of Birmingham
Downloads 68 (629,348)
Citation 1

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Microstructure; commonality; liquidity; emerging order–driven market

23.

Flexible Firm-Level Dividends in Latin America

Finance Research Letters, Forthcoming
Number of pages: 11 Posted: 16 Feb 2017
J. Henk von Eije, Abhinav Goyal and Cal B. Muckley
University of Groningen - Faculty of Economics and Business, University of Birmingham and University College Dublin
Downloads 67 (634,205)
Citation 2

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G15, G32, G35, O16

24.

Investment and Deleveraging Financed by Dividends: Evidence from Japanese Business Groups

Number of pages: 52 Posted: 04 May 2015 Last Revised: 06 Oct 2020
University of Birmingham, University College Dublin, Fudan University - International School of Finance (FISF) and Boston College - Department of Finance
Downloads 66 (639,192)

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Japan, business group, cross-holding, dividend, investment, debt

25.

Commonality in Liquidity: An Empirical Examination of Emerging Order–Driven Equity and Derivatives Market

Journal of International Financial Markets, Institutions and Money, Vol. 33, No. 317-334, 2014
Number of pages: 47 Posted: 10 Jun 2016
Sudhakar Reddy Syamala, V. N. Reddy and Abhinav Goyal
Institute of Chartered Financial Analysts of India (ICFAI) - IBS - Hyderabad, Institute of Chartered Financial Analysts of India (ICFAI) - The Icfai University (IFHE), Hyderabad and University of Birmingham
Downloads 62 (659,939)

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Microstructure, commonality, liquidity, emerging order–driven market

26.

Corporate governance, lifecycle and payout precommitment: An emerging market study

Journal of Financial Research - Forthcoming
Number of pages: 44 Posted: 13 Apr 2020 Last Revised: 28 Jan 2021
Thomas Flavin, Abhinav Goyal and Thomas O’Connor
National University of Ireland, Maynooth (NUI Maynooth) - Department of Economics, Finance and Accounting, University of Birmingham and National University of Ireland, Maynooth (NUI Maynooth) - Department of Economics, Finance and Accounting
Downloads 61 (665,208)

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Precommitment payout, corporate governance, lifecycle effects, emerging market

27.

Does Tenure Matter: Role of the Corporate Secretary in Chinese Listed Firms

Accounting Horizons, Forthcoming
Number of pages: 37 Posted: 30 Apr 2018 Last Revised: 07 Nov 2019
Chen Wang, Qing Ye and Abhinav Goyal
Xi'an Jiaotong-Liverpool University (XJTLU) - International Business School Suzhou, Xi'an Jiaotong-Liverpool University (XJTLU) and University of Birmingham
Downloads 60 (670,448)

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corporate secretary, tenure, fraud, lawsuit, outside directors, corporate governance

28.

Lead from the Front: Does Shareholder Interlock Board of Directors Create Value?

Number of pages: 43 Posted: 28 Feb 2023
Chen Wang, Wenxuan Hou, Abhinav Goyal and Qing Ye
affiliation not provided to SSRN, University of Edinburgh - Business School, University of Birmingham and Xi'an Jiaotong-Liverpool University (XJTLU) - International Business School Suzhou
Downloads 53 (710,180)

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Director interlock, corporate governance, firm performance

29.

In Times of Crisis Does Ownership Matter? Liquidity Extraction Through Dividends During the 2007–2009 Financial Crisis

Journal of International Financial Markets, Institutions and Money, 2021
Number of pages: 43 Posted: 19 Jul 2018 Last Revised: 30 Jun 2021
Wei Huang, John W. Goodell and Abhinav Goyal
University of Nottingham Ningbo China, University of Akron - Department of Finance, College of Business Administration and University of Birmingham
Downloads 50 (728,900)
Citation 1

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Keywords: Foreign equity ownership; foreign direct investment; dividends; financial liquidity; financial crises; Chinese capital markets

30.

Neighborhood Awareness and IPO Underpricing: Evidence from Satellite Nightlight

Number of pages: 62 Posted: 21 May 2024 Last Revised: 24 May 2024
Qingjie Du, Abhinav Goyal, Chen Meng and Haibing Shu
University of Birmingham - Birmingham Business School, University of Birmingham, Shanghai Jiao Tong University (SJTU) - Antai College of Economics and Management and Shanghai Jiao Tong University (SJTU) - Antai College of Economics and Management
Downloads 35 (835,575)

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Satellite nightlight; Neighborhood; Information asymmetry; IPO underpricing

31.

Cross-Border Exchanges and Volatility Forecasting

Forthcoming in Quantitative Finance, 2018
Number of pages: 30 Posted: 02 Aug 2018
University of Birmingham, University of Liverpool - Management School (ULMS), University of Stirling - Department of Accounting and Finance and University of Liverpool - Accounting and Finance Division
Downloads 30 (877,605)

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volatility forecasting; exchange groups; feedback trading; global financial crisis

32.

Internal Capital Market Mergers in Weak External Market Environment: An Emerging Market Evidence

international Journal of Finance and Economics
Number of pages: 33 Posted: 27 Mar 2017 Last Revised: 18 Aug 2021
Hong Zhang, Wei Huang and Abhinav Goyal
University of Nottingham, Ningbo, University of Nottingham Ningbo China and University of Birmingham
Downloads 21 (962,724)

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Internal capital markets,M&A,corporate governance, tunneling,China

33.

Folklore Narratives and IPO Outcomes

Number of pages: 59 Posted: 21 Jun 2024
Huu Nhan Duong, Abhinav Goyal and S. Ghon Rhee
Monash University - Department of Banking and Finance, University of Birmingham and University of Hawaii at Manoa - Shidler College of Business
Downloads 13 (1,046,472)

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Folklore, Accountability, IPOs, information disclosure, Social Trust, Antisocial Behavior

34.

Do Investors Feedback Trade in the Bitcoin—And Why?

Posted: 21 Aug 2021 Last Revised: 24 Aug 2021
University of Sousse-IHEC of Sousse, University of Dubai-DBS, University of Akron - Department of Finance, College of Business Administration, University of Birmingham and University of Liverpool - Management School (ULMS)
Downloads 0 (1,173,547)

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Bitcoin; feedback trading; sentiment; volume; liquidity

35.

Herding Dynamics in Exchange Groups: Evidence from Euronext

Journal of International Financial Markets, Institutions and Money, Vol. 34, No. 228-244, 2015
Posted: 10 Jun 2016
Independent, University of StirlingStirling Management School, University of Birmingham and University of Liverpool - Management School (ULMS)

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Herding; exchange groups; Euronext; euro-zone sovereign debt crisis; market states

36.

Block-Ownership Structure, Bank Nominee Director and Crash-Risk

Finance Research Letters, Vol. 14, pp. 20-28, 2015
Posted: 02 Sep 2015 Last Revised: 09 Jun 2016
University of Birmingham, Institute of Chartered Financial Analysts of India (ICFAI) - IBS - Hyderabad, The Icfai Business School and Institute of Chartered Financial Analysts of India (ICFAI) - IBS - Hyderabad

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Block-ownership, crash-risk, bank nominee, agency problem

37.

Cash Dividends and Investor Protection in Asia

International Review of Financial Analysis, 29 (2013), 31-43
Posted: 28 Mar 2013 Last Revised: 09 Sep 2014
Abhinav Goyal and Cal B. Muckley
University of Birmingham and University College Dublin

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Payout policy, dividends, share repurchases, international financial markets