Tingting Liu

The University of Tennessee, Knoxville

TN

European Corporate Governance Institute (ECGI)

c/o the Royal Academies of Belgium

Rue Ducale 1 Hertogsstraat

1000 Brussels

Belgium

  • The University of Tennessee, Knoxville

  • European Corporate Governance Institute (ECGI)

SCHOLARLY PAPERS

30

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14,474

TOTAL CITATIONS
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Top 8,897

in Total Papers Citations

114

Scholarly Papers (30)

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1.

Peer Selection and Valuation in Mergers and Acquisitions

Journal of Financial Economics (JFE), Vol. 146, 2022, pp. 230-255
Number of pages: 78 Posted: 13 Apr 2021 Last Revised: 03 Nov 2022
Gregory W. Eaton, Feng Guo, Tingting Liu and Micah S. Officer
University of Georgia, Iowa State University - Department of Accounting and Finance, The University of Tennessee, Knoxville and Loyola Marymount University - Department of Finance
Downloads 1,192 (37,604)
Citation 23

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2.

Vote Avoidance and Shareholder Voting in Mergers and Acquisitions

Review of Financial Studies, Vol. 31, Issue 8, pp. 3176-3211, 2018, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 481/2016
Number of pages: 81 Posted: 01 Jul 2016 Last Revised: 23 Oct 2019
Kai Li, Tingting Liu and J. (Julie) Wu
University of British Columbia (UBC) - Sauder School of Business, The University of Tennessee, Knoxville and University of Nebraska - Lincoln
Downloads 1,186 (37,896)
Citation 6

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vote avoidance; shareholder voting; mergers and acquisitions; acquirer announcement returns; regression discontinuity design; agency problems; offer premium; institutional monitoring

3.

Risks in Mergers and Acquisitions: Evidence from Acquirers' Mandatory Risk Factor Disclosure *

Number of pages: 79 Posted: 19 Mar 2021 Last Revised: 08 Aug 2024
Feng Guo, Tingting Liu, Tao Shu and Xinyan Yan
Iowa State University - Department of Accounting and Finance, The University of Tennessee, Knoxville, The Chinese University of Hong Kong (CUHK) - CUHK Business School and University of South Florida - Department of Finance
Downloads 1,182 (38,015)
Citation 1

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risks in M&A, S-4 risk factor disclosure, product risk, valuation risk, accounting risk, dilution risk, post-merger outcomes, ChatGPT JEL Classification: G32, G34, G38

4.

Thirty Years of Change: The Evolution of Classified Boards

Journal of Finance, Forthcoming,
European Corporate Governance Institute – Finance Working Paper No. 929/2023
Number of pages: 92 Posted: 26 Apr 2022 Last Revised: 09 Dec 2024
Scott Guernsey, Feng Guo, Tingting Liu and Matthew Serfling
University of Tennessee, Iowa State University - Department of Accounting and Finance, The University of Tennessee, Knoxville and University of Tennessee
Downloads 1,022 (46,927)
Citation 4

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Takeover defenses, Classified (staggered) boards, Life cycle, Machine learning, IPO cohorts, Corporte governance

5.

Expectation Management in Mergers and Acquisitions

Management Science, Volume 66, Issue 3, Pages 1205-1226, 2020
Number of pages: 49 Posted: 15 Oct 2014 Last Revised: 24 May 2021
Jie He, Tingting Liu, Jeffry M. Netter and Tao Shu
University of Georgia - Department of Finance, The University of Tennessee, Knoxville, Department of Finance and The Chinese University of Hong Kong (CUHK) - CUHK Business School
Downloads 817 (64,073)
Citation 13

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Expectation management, stock-for-stock mergers, acquisition costs, conflicts of interest, earnings surprises

6.

The Role of External Regulators in Mergers and Acquisitions: Evidence from SEC Comment Letters

Number of pages: 60 Posted: 07 Oct 2019 Last Revised: 14 Feb 2022
Tingting Liu, Tao Shu, Erin Towery and Jasmine Wang
The University of Tennessee, Knoxville, The Chinese University of Hong Kong (CUHK) - CUHK Business School, University of Georgia and University of Virginia
Downloads 733 (73,747)
Citation 3

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Information asymmetry; M&A; SEC; Comment letters; Shareholder welfare; Corporate governance; Deal outcomes

7.

The Dark Side of Market Feedback: Evidence on CEOs’ Tone Manipulation

Number of pages: 67 Posted: 04 Mar 2021 Last Revised: 28 Nov 2023
Hua Cheng, Tingting Liu and K.C. John Wei
University of Texas at Austin, The University of Tennessee, Knoxville and Hong Kong Polytechnic University
Downloads 563 (103,190)

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Compensation convexity; Tone management; Financial markets; Managerial opportunistic behavior; Industry return; Feedback effect

8.

Rethinking Measures of Mergers & Acquisitions Deal Premiums

Journal of Financial and Quantitative Analysis (JFQA), Vol. 56, 2021, pp. 1097-1126
Number of pages: 76 Posted: 08 Mar 2018 Last Revised: 22 Apr 2021
Gregory W. Eaton, Tingting Liu and Micah S. Officer
University of Georgia, The University of Tennessee, Knoxville and Loyola Marymount University - Department of Finance
Downloads 545 (107,429)
Citation 3

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measure takeover premiums, deal initiation, CEO career preferences, anchoring bias, target price runup

9.

The cost of equity: Evidence from investment banking valuations

Number of pages: 66 Posted: 15 Nov 2022 Last Revised: 16 Mar 2025
Gregory W. Eaton, Feng Guo, Tingting Liu and Danni Tu
University of Georgia, Iowa State University - Department of Accounting and Finance, The University of Tennessee, Knoxville and Southern Illinois University at Carbondale
Downloads 542 (108,153)

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10.

Analysts' forecast dispersion and stock market anomalies: The role of forecast bias

Number of pages: 45 Posted: 01 Oct 2017 Last Revised: 10 Nov 2020
Tingting Liu and Paul J. Irvine
The University of Tennessee, Knoxville and Neeley School of Business
Downloads 529 (111,482)
Citation 1

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11.

Merger Arbitrage Short Selling and Price Pressure

Journal of Corporate Finance 27, 36-54, 2014
Number of pages: 42 Posted: 09 Mar 2013 Last Revised: 24 May 2021
Tingting Liu and J. (Julie) Wu
The University of Tennessee, Knoxville and University of Nebraska - Lincoln
Downloads 509 (116,872)
Citation 8

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Merger arbitrage, short selling, mergers and acquisitions

12.

Measuring Institutional Trading Costs and the Implications for Finance Research: The Case of Tick Size Reductions

Journal of Financial Economics (JFE), Vol. 139, 2021, pp. 832-851
Number of pages: 63 Posted: 17 Oct 2018 Last Revised: 22 Apr 2021
Gregory W. Eaton, Paul J. Irvine and Tingting Liu
University of Georgia, Neeley School of Business and The University of Tennessee, Knoxville
Downloads 460 (131,975)

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13.

Unique Bidder-Target Relatedness and Synergies Creation in Mergers and Acquisitions

Number of pages: 68 Posted: 01 Oct 2018 Last Revised: 13 Oct 2021
Tingting Liu, Zhongjin Lu, Tao Shu and Fengrong Wei
The University of Tennessee, Knoxville, University of Georgia - C. Herman and Mary Virginia Terry College of Business, The Chinese University of Hong Kong (CUHK) - CUHK Business School and Georgia Institute of Technology
Downloads 445 (137,403)
Citation 4

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Distinct Relatedness, Synergies, Mergers and Acquisitions, Conditional Dependence, Lasso, Stock return comovement

14.

Public news, stock-market reactions, and bidding behavior in private merger negotiations

Number of pages: 60 Posted: 30 May 2019 Last Revised: 10 Jun 2021
Tingting Liu and Micah S. Officer
The University of Tennessee, Knoxville and Loyola Marymount University - Department of Finance
Downloads 436 (140,721)
Citation 5

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Private merger negotiations; market reactions to public news releases; bidding strategies; target initiation; takeover premiums

15.

Neglected Peers in Merger Valuations

forthcoming, Review of Financial Studies
Number of pages: 99 Posted: 13 Sep 2021 Last Revised: 01 Nov 2024
Feng Guo, Tingting Liu and Danni Tu
Iowa State University - Department of Accounting and Finance, The University of Tennessee, Knoxville and Southern Illinois University at Carbondale
Downloads 404 (153,620)
Citation 8

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M&A valuations, Predicting takeover targets, Comparable peers, Investor attention, Portfolio returns, Market inefficiency

16.

Valuation Disagreement in Mergers and Acquisitions

Number of pages: 62 Posted: 02 Nov 2021 Last Revised: 18 Oct 2024
Tingting Liu, Tao Shu and Jasmine Wang
The University of Tennessee, Knoxville, The Chinese University of Hong Kong (CUHK) - CUHK Business School and University of Virginia
Downloads 393 (158,455)

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valuation disagreement, mergers and acquisitions, fairness opinion, bidder performance, winner’s curse, managerial irrationality

17.

How Has Takeover Competition Changed Over Time?

Journal of Corporate Finance, Forthcoming
Number of pages: 46 Posted: 21 Jan 2017 Last Revised: 29 Jan 2018
Tingting Liu and J. Harold Mulherin
The University of Tennessee, Knoxville and University of Georgia - Department of Banking and Finance
Downloads 376 (166,505)
Citation 2

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Takeover Impediments, Takeover Competition, Underground Auctions, Target Premiums

18.

When Does Shareholder Communication Matter? Evidence from Proxy Exempt Solicitations

Number of pages: 67 Posted: 18 Oct 2022 Last Revised: 14 Sep 2023
Dipesh Bhattarai, Brian Blank, Tingting Liu, Kathryn M. Schumann and Tracie Woidtke
University of Tennessee, Knoxville - Department of Finance, Mississippi State University, The University of Tennessee, Knoxville, U.S. Securities and Exchange Commission and University of Tennessee, Haslam College of Business
Downloads 375 (166,976)

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Corporate Governance, Shareholder Communication, Shareholder Engagement, Information Dissemination, Shareholder Activism, Shareholder Voting, Mergers, Proxy Process

19.

The Information Provision in the Corporate Acquisition Process: Why Target Firms Obtain Multiple Fairness Opinions

The Accounting Review, Vol. 95 (1), pp. 287–310, 2020
Number of pages: 63 Posted: 02 Apr 2019 Last Revised: 24 May 2021
Tingting Liu
The University of Tennessee, Knoxville
Downloads 374 (167,436)
Citation 17

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Mergers and acquisitions (M&As), Fairness opinions, Target returns, Buyouts, Stapled financing, Earnings quality

20.

The Dark Side of Transparency in Developing Countries: The Link between Financial Reporting Practices and Corruption

Journal of Corporate Finance, Vol. 66, 101829, 2021
Number of pages: 59 Posted: 25 Jan 2017 Last Revised: 24 May 2021
Tingting Liu, Yu Liu, Barkat Ullah, Zuobao Wei and Lixin Colin Xu
The University of Tennessee, Knoxville, University of Texas Rio Grande Valley, Morgan State University, University of Texas at El Paso and Cheung Kong Graduate School of Business
Downloads 367 (171,082)
Citation 6

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audited financial statements; transparency; private firms; corruption obstacles

21.

Analyst Forecast Momentum

Number of pages: 59 Posted: 07 Dec 2016 Last Revised: 24 Mar 2017
Paul J. Irvine and Tingting Liu
Neeley School of Business and The University of Tennessee, Knoxville
Downloads 350 (180,150)

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Analysts' earnings forecasts, forecast bias, stock returns, earnings momentum

22.

Earnings growth and acquisition returns: Do investors gamble in the takeover market?

Journal of Financial and Quantitative Analysis (JFQA), forthcoming
Number of pages: 72 Posted: 25 Oct 2021
Tingting Liu and Danni Tu
The University of Tennessee, Knoxville and Southern Illinois University at Carbondale
Downloads 313 (203,130)
Citation 1

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mergers and acquisitions, acquirer announcement returns, retail investors, gambling, overreaction, reversals

23.

The Dark Side of Disclosure: Evidence of Government Expropriation from Worldwide Firms

World Bank Policy Research Working Paper No. 7254
Number of pages: 50 Posted: 20 Apr 2016
Tingting Liu, Barkat Ullah, Zuobao Wei and Lixin Colin Xu
The University of Tennessee, Knoxville, Morgan State University, University of Texas at El Paso and Cheung Kong Graduate School of Business
Downloads 246 (260,403)

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Private Sector Economics, Private Sector Development Law, Marketing

24.

Does EDGAR implementation affect disclosure?

Number of pages: 70 Posted: 01 Dec 2023
Feng Guo, Tyler Jensen and Tingting Liu
Iowa State University - Department of Accounting and Finance, Iowa State University and The University of Tennessee, Knoxville
Downloads 234 (273,399)

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Firm disclosure behavior; EDGAR adoption; Information technology; MD&A; Investor underreaction; Market efficiency

25.

The Development of the Takeover Auction Process: The Evolution of Property Rights in the Modern Wild West

Journal of Law and Economics, forthcoming
Number of pages: 72 Posted: 13 Feb 2018 Last Revised: 23 Mar 2022
Tingting Liu, J. Harold Mulherin and William O. Brown
The University of Tennessee, Knoxville, University of Georgia - Department of Banking and Finance and University of North Carolina (UNC) at Greensboro
Downloads 213 (299,123)
Citation 5

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Takeover auction, property rights, underground auction, target premiums

26.

How Do Equity Analysts Impact Takeovers?

Number of pages: 45 Posted: 15 Apr 2020
Eliezer M. Fich, Tingting Liu and Micah S. Officer
Drexel University - Department of Finance, The University of Tennessee, Knoxville and Loyola Marymount University - Department of Finance
Downloads 198 (320,343)
Citation 1

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Mergers and acquisitions; Private merger negotiations; Analyst coverage; Analyst price forecasts

27.

Negotiation, Auction, or Negotiauction?! Evidence from the Field

Number of pages: 62 Posted: 11 May 2023 Last Revised: 22 Dec 2023
Tingting Liu, Micah S. Officer and Danni Tu
The University of Tennessee, Knoxville, Loyola Marymount University - Department of Finance and Southern Illinois University at Carbondale
Downloads 160 (387,164)
Citation 1

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28.

The Real Effects of Reference-dependent Preferences: Evidence from Mergers and Acquisitions

Number of pages: 66 Posted: 27 Aug 2023
Tingting Liu and Danni Tu
The University of Tennessee, Knoxville and Southern Illinois University at Carbondale
Downloads 127 (466,582)
Citation 1

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Prospect theory; Reference-dependent preferences; Catering; Mergers and acquisitions; Acquirer announcement returns; Market inefficiency; Analysts’ forecasts

29.

Acquisitions and Funding Conditions

Journal of Corporate Finance, Volume 65, 101760, 2020
Number of pages: 58 Posted: 12 Aug 2019 Last Revised: 24 May 2021
David Becher, Tyler Jensen and Tingting Liu
Drexel University, Iowa State University - Ivy College of Business - Department of Finance and The University of Tennessee, Knoxville
Downloads 122 (481,463)

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Mergers and acquisitions, Bidder announcement returns, Funding conditions, Capital liquidity

30.

Does Institutional Trading Affect Underwriting

Journal of Corporate Finance, Volume 58,101495, 2019
Number of pages: 53 Posted: 12 Aug 2019 Last Revised: 24 May 2021
Amber Anand, Paul J. Irvine and Tingting Liu
Syracuse University - Whitman School of Management, Neeley School of Business and The University of Tennessee, Knoxville
Downloads 61 (737,814)
Citation 1

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Institutional Trading, SEO underwriter choice, SEO underpricing