Tingting Liu

Iowa State University

2330 Gerdin Business Building

Ames, IA 50011

United States

European Corporate Governance Institute (ECGI)

c/o the Royal Academies of Belgium

Rue Ducale 1 Hertogsstraat

1000 Brussels

Belgium

SCHOLARLY PAPERS

30

DOWNLOADS
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SSRN RANKINGS

Top 6,586

in Total Papers Downloads

12,412

SSRN CITATIONS
Rank 9,650

SSRN RANKINGS

Top 9,650

in Total Papers Citations

161

CROSSREF CITATIONS

13

Scholarly Papers (30)

1.

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, Iowa State University and University of Nebraska - Lincoln
Downloads 1,124 (36,743)
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

2.

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
University of Georgia, Iowa State University - Department of Accounting and Finance, Iowa State University and Loyola Marymount University - Department of Finance
Downloads 994 (43,865)
Citation 17

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3.

Risks in Mergers and Acquisitions

Number of pages: 73 Posted: 19 Mar 2021 Last Revised: 01 Dec 2022
Feng Guo, Tingting Liu, Tao Shu and Xinyan Yan
Iowa State University - Department of Accounting and Finance, Iowa State University, The Chinese University of Hong Kong (CUHK) - CUHK Business School and University of South Florida
Downloads 942 (47,188)
Citation 1

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Mergers and Acquisitions, Risk-factor disclosure, Risks in M&As, Technology and product, Valuation and fairness, Accounting information, Ownership and dilution, Merger outcomes

4.

Thirty Years of Change: The Evolution of Classified Boards

European Corporate Governance Institute – Finance Working Paper No. 929/2023
Number of pages: 79 Posted: 26 Apr 2022 Last Revised: 31 May 2024
University of Tennessee, Iowa State University - Department of Accounting and Finance, Iowa State University and University of Tennessee
Downloads 839 (55,398)

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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, Iowa State University, Department of Finance and The Chinese University of Hong Kong (CUHK) - CUHK Business School
Downloads 750 (64,651)
Citation 11

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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
Iowa State University, The Chinese University of Hong Kong (CUHK) - CUHK Business School, University of Georgia and University of Virginia
Downloads 602 (85,122)
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, Iowa State University and Hong Kong Polytechnic University
Downloads 530 (99,906)

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

8.

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
Iowa State University and University of Nebraska - Lincoln
Downloads 471 (115,153)
Citation 7

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Merger arbitrage, short selling, mergers and acquisitions

9.

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
Iowa State University and Neeley School of Business
Downloads 442 (124,216)
Citation 1

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10.

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
University of Georgia, Iowa State University and Loyola Marymount University - Department of Finance
Downloads 424 (130,354)
Citation 3

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

11.

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
Iowa State University and Loyola Marymount University - Department of Finance
Downloads 409 (135,841)
Citation 5

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

12.

The Cost of Equity: Evidence from Investment Banking Valuations

Number of pages: 55 Posted: 15 Nov 2022 Last Revised: 07 Aug 2023
Gregory W. Eaton, Feng Guo, Tingting Liu and Danni Tu
University of Georgia, Iowa State University - Department of Accounting and Finance, Iowa State University and Southern Illinois University at Carbondale
Downloads 404 (137,790)

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13.

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 Iowa State University
Downloads 388 (144,260)

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14.

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
Iowa State University, University of Georgia - Department of Finance, The Chinese University of Hong Kong (CUHK) - CUHK Business School and Georgia Institute of Technology
Downloads 380 (147,615)
Citation 3

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

15.

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
Iowa State University and University of Georgia - Department of Banking and Finance
Downloads 361 (156,276)
Citation 2

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Takeover Impediments, Takeover Competition, Underground Auctions, Target Premiums

16.

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 Iowa State University
Downloads 341 (166,186)

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

17.

Neglected Peers in Merger Valuations

forthcoming, Review of Financial Studies
Number of pages: 99 Posted: 13 Sep 2021 Last Revised: 06 Dec 2022
Feng Guo, Tingting Liu and Danni Tu
Iowa State University - Department of Accounting and Finance, Iowa State University and Southern Illinois University at Carbondale
Downloads 333 (170,489)
Citation 7

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

18.

Winner’s Curse in Takeovers? Evidence from Investment Bank Valuation Disagreement

Number of pages: 59 Posted: 02 Nov 2021 Last Revised: 12 Oct 2023
Tingting Liu, Tao Shu and Jasmine Wang
Iowa State University, The Chinese University of Hong Kong (CUHK) - CUHK Business School and University of Virginia
Downloads 329 (172,717)

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Mergers and acquisitions, winner’s curse, valuation disagreement, acquisition premiums, bidder returns, merger synergies, CEO overconfidence

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
Iowa State University
Downloads 328 (173,305)
Citation 15

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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
Iowa State University, University of Texas Rio Grande Valley, Morgan State University, University of Texas at El Paso and Cheung Kong Graduate School of Business
Downloads 320 (177,876)
Citation 3

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audited financial statements; transparency; private firms; corruption obstacles

21.

When Does Shareholder Communication Matter? Evidence from Proxy Exempt Solicitations

Number of pages: 67 Posted: 18 Oct 2022 Last Revised: 14 Sep 2023
University of Tennessee, Knoxville - Department of Finance, Mississippi State University, Iowa State University, U.S. Securities and Exchange Commission and University of Tennessee, Haslam College of Business
Downloads 319 (178,459)

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

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
Iowa State University and Southern Illinois University at Carbondale
Downloads 285 (200,868)
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
Iowa State University, Morgan State University, University of Texas at El Paso and Cheung Kong Graduate School of Business
Downloads 226 (252,542)

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Private Sector Economics, Private Sector Development Law, Marketing

24.

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
Iowa State University, University of Georgia - Department of Banking and Finance and University of North Carolina (UNC) at Greensboro
Downloads 189 (297,560)
Citation 5

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Takeover auction, property rights, underground auction, target premiums

25.

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, Iowa State University and Loyola Marymount University - Department of Finance
Downloads 170 (326,668)
Citation 1

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

26.

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 Iowa State University
Downloads 133 (399,362)

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

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
Iowa State University, Loyola Marymount University - Department of Finance and Southern Illinois University at Carbondale
Downloads 130 (406,518)

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28.

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 Iowa State University
Downloads 110 (460,693)

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

29.

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
Iowa State University and Southern Illinois University at Carbondale
Downloads 84 (550,221)

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

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 Iowa State University
Downloads 55 (688,580)
Citation 1

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Institutional Trading, SEO underwriter choice, SEO underpricing