Thomas J. Chemmanur

Boston College - Carroll School of Management

Professor of Finance and Hillenbrand Distinguished Fellow

Finance Department, 436 Fulton Hall

Carroll School of Management, Boston College

Chestnut Hill, MA 02467-3808

United States

http://https://www2.bc.edu/thomas-chemmanur/

SCHOLARLY PAPERS

81

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39,689

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280

CROSSREF CITATIONS

411

Ideas:
“  "How to Motivate Fundamental Innovation: Prizes versus Subsidies and the Role of Venture Capital"  ”

Scholarly Papers (81)

Corporate Venture Capital, Value Creation, and Innovation

Forthcoming, Review of Financial Studies
Number of pages: 49 Posted: 23 Mar 2009 Last Revised: 14 May 2014
Thomas J. Chemmanur, Elena Loutskina and Xuan Tian
Boston College - Carroll School of Management, University of Virginia - Darden School of Business and Tsinghua University - PBC School of Finance
Downloads 3,085 (3,543)
Citation 19

Abstract:

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Innovation, Corporate Venture Capital, Value Creation, Patents, Citations

Corporate Venture Capital, Value Creation, and Innovation

Forthcoming, Review of Financial Studies
Number of pages: 49 Posted: 25 Jan 2012 Last Revised: 28 Oct 2014
Thomas J. Chemmanur, Elena Loutskina and Xuan Tian
Boston College - Carroll School of Management, University of Virginia - Darden School of Business and Tsinghua University - PBC School of Finance
Downloads 646 (40,535)
Citation 26

Abstract:

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Innovation, Corporate Venture Capital, Value Creation, Patents, Citations

2.

Do Anti-Takeover Provisions Spur Corporate Innovation? A Regression Discontinuity Analysis

Journal of Financial and Quantitative Analysis, Forthcoming
Number of pages: 66 Posted: 17 Mar 2010 Last Revised: 12 Feb 2017
Thomas J. Chemmanur and Xuan Tian
Boston College - Carroll School of Management and Tsinghua University - PBC School of Finance
Downloads 2,419 (5,466)
Citation 41

Abstract:

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anti-takeover provisions, innovation, firm value

3.

Venture Capitalists Versus Angels: The Dynamics of Private Firm Financing Contracts

AFA 2003 Washington, DC Meetings
Number of pages: 55 Posted: 15 Nov 2002
Thomas J. Chemmanur and Zhaohui Chen
Boston College - Carroll School of Management and University of Pennsylvania - The Wharton School
Downloads 1,758 (9,319)
Citation 14

Abstract:

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Angels, Venture Capital, Contract Dynamics

How Does Venture Capital Financing Improve Efficiency in Private Firms? A Look Beneath the Surface

Review of Financial Studies (RFS), 2011
Number of pages: 66 Posted: 17 Mar 2008 Last Revised: 29 Oct 2014
Thomas J. Chemmanur, Karthik Krishnan and Debarshi K. Nandy
Boston College - Carroll School of Management, Northeastern University and Brandeis University - International Business School
Downloads 1,259 (15,573)
Citation 19

Abstract:

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VC financing, monitoring, screening, efficiency, TFP

How Does Venture Capital Financing Improve Efficiency in Private Firms? A Look Beneath the Surface

US Census Bureau Center for Economic Studies Paper No. CES-WP- 08-16
Number of pages: 60 Posted: 22 Jul 2009
Thomas J. Chemmanur, Karthik Krishnan and Debarshi K. Nandy
Boston College - Carroll School of Management, Northeastern University and Brandeis University - International Business School
Downloads 381 (78,760)
Citation 33

Abstract:

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5.

The Role of Venture Capital Backing in Initial Public Offerings: Certification, Screening, or Market Power?

EFA 2005 Moscow Meetings Paper
Number of pages: 58 Posted: 15 Oct 2004
Thomas J. Chemmanur and Elena Loutskina
Boston College - Carroll School of Management and University of Virginia - Darden School of Business
Downloads 1,632 (10,565)
Citation 25

Abstract:

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venture capital, certification, screening, monitoring, market power

6.

IPOs versus Acquisitions and the Valuation Premium Puzzle: A Theory of Exit Choice by Entrepreneurs and Venture Capitalists

Journal of Financial and Quantitative Analysis (JFQA), December 2011, 46 (6), 1755-1793
Number of pages: 71 Posted: 28 Feb 2007 Last Revised: 19 Jun 2015
Onur Bayar and Thomas J. Chemmanur
University of Texas at San Antonio, College of Business and Boston College - Carroll School of Management
Downloads 1,472 (12,414)
Citation 2

Abstract:

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IPOs, acquisitions, venture capital, entrepreneurial finance, exit strategy, product market competition

7.

Why Issue Tracking Stock? Insights from a Comparison with Spin-Offs and Carve-Outs

Number of pages: 48 Posted: 12 Dec 2000
Thomas J. Chemmanur and Imants Paeglis
Boston College - Carroll School of Management and Concordia University - John Molson School of Business
Downloads 1,450 (12,701)
Citation 1

Abstract:

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corporate governance, tracking stock, equity carve-outs, spin-offs, financial structure, corporate restructuring

8.

Advertising, Attention, and Stock Returns

Number of pages: 52 Posted: 11 Feb 2009 Last Revised: 16 Mar 2010
Thomas J. Chemmanur and An Yan
Boston College - Carroll School of Management and Fordham University - Gabelli School of Business
Downloads 1,391 (13,607)
Citation 34

Abstract:

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Advertising, Stock returns, Attention

9.
Downloads 1,195 ( 17,163)
Citation 27

The Going Public Decision and the Product Market

EFA 2005 Moscow Meetings, AFA 2007 Chicago Meetings Paper
Number of pages: 56 Posted: 25 Feb 2005 Last Revised: 20 Jul 2015
Thomas J. Chemmanur, Shan He and Debarshi K. Nandy
Boston College - Carroll School of Management, Oregon State University and Brandeis University - International Business School
Downloads 1,006 (21,795)
Citation 3

Abstract:

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Going public decision, product market

The Going Public Decision and the Product Market

Review of Financial Studies (RFS), forthcoming 2010, US Census Bureau Center for Economic Studies Paper No. CES-WP- 08-20 , American Finance Association Meetings 2008 Paper
Number of pages: 59 Posted: 29 Jul 2009 Last Revised: 14 Apr 2010
Thomas J. Chemmanur, Shan He and Debarshi K. Nandy
Boston College - Carroll School of Management, Oregon State University and Brandeis University - International Business School
Downloads 189 (164,736)
Citation 28

Abstract:

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10.

How Should a Firm Go Public? A Dynamic Model of the Choice between Fixed-Price Offerings and Auctions in Ipos and Privatizations

EFA 2003 Annual Conference Paper No. 366
Number of pages: 49 Posted: 20 Jul 2003
Thomas J. Chemmanur and Mark H. Liu
Boston College - Carroll School of Management and University of Kentucky - Gatton College of Business and Economics
Downloads 976 (23,199)
Citation 27

Abstract:

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11.

The Role of Institutional Investors in Seasoned Equity Offerings

Journal of Financial Economics (JFE), Vol. 94, No. 3, pp. 384-411, 2009, AFA 2006 Boston Meetings Paper, NBER 2007 Market Microstructure Meetings Paper, EFA 2007 Ljubljana Meetings Paper
Number of pages: 57 Posted: 25 Mar 2005 Last Revised: 14 Apr 2010
Thomas J. Chemmanur, Shan He and Gang Hu
Boston College - Carroll School of Management, Oregon State University and Hong Kong Polytechnic University - School of Accounting and Finance
Downloads 939 (24,529)
Citation 6

Abstract:

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Seasoned Equity Offerings, Institutional investors, Manipulative trading, Information production, SEO discount, Underpricing

12.

The Role of Institutional Investors in Initial Public Offerings

Review of Financial Studies, Vol. 23, pp. 4496-4540, 2010, WFA 2007 Big Sky Meetings Paper, EFA 2006 Zurich Meetings Paper
Number of pages: 58 Posted: 17 Jun 2006 Last Revised: 23 Nov 2010
Thomas J. Chemmanur, Gang Hu and Jiekun Huang
Boston College - Carroll School of Management, Hong Kong Polytechnic University - School of Accounting and Finance and University of Illinois at Urbana-Champaign - Department of Finance
Downloads 836 (28,958)
Citation 4

Abstract:

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Initial public offerings, Institutional investors, Trading, IPO allocations, Flipping

Dual Class IPOs, Share Recapitalizations, and Unifications: A Theoretical Analysis

European Corporate Governance Institute (ECGI) - Finance Research Paper Series, Forthcoming
Number of pages: 63 Posted: 24 Aug 2006
Thomas J. Chemmanur and Yawen Jiao
Boston College - Carroll School of Management and University of California, Riverside
Downloads 615 (43,318)
Citation 13

Abstract:

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Dual Class Shares, Voting Structure, Antitakeover Provisions, Recapitalizations, Unifications

Dual Class IPOs, Share Recapitalizations, and Unifications: A Theoretical Analysis

Number of pages: 56 Posted: 25 Mar 2008
Thomas J. Chemmanur and Yawen Jiao
Boston College - Carroll School of Management and University of California, Riverside
Downloads 199 (157,056)
Citation 4

Abstract:

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Dual Class Shares, Voting Structure, Antitakeover Provisions, Recapitalizations

14.

Human Capital, Top Management Quality, and Firm Performance

Northeastern U. D’Amore-McKim School of Business Research Paper No. 2014-01
Number of pages: 74 Posted: 20 Mar 2014 Last Revised: 02 Jan 2020
Thomas J. Chemmanur, Lei Kong, Karthik Krishnan and Qianqian Yu
Boston College - Carroll School of Management, University of Alabama - Department of Economics, Finance and Legal Studies, Northeastern University and Lehigh University
Downloads 813 (30,097)
Citation 2

Abstract:

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Human Capital; Management Quality; Operating Performance; Market Valuation; Stock Return

15.

Why Issue Mandatory Convertibles? Theory and Empirical Evidence

EFA 2003 Glasgow
Number of pages: 54 Posted: 19 Jul 2003
Thomas J. Chemmanur, Debarshi K. Nandy and An Yan
Boston College - Carroll School of Management, Brandeis University - International Business School and Fordham University - Gabelli School of Business
Downloads 722 (35,436)
Citation 11

Abstract:

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mandatory convertibles, ordinary convertibles, financial innovation

16.

Product Market Characteristics and the Choice between IPOs and Acquisitions

Journal of Financial and Quantitative Analysis (JFQA), April 2018, 53(2), 681-721
Number of pages: 73 Posted: 13 Jan 2010 Last Revised: 10 May 2018
Thomas J. Chemmanur, Jie He, Shan He and Debarshi K. Nandy
Boston College - Carroll School of Management, University of Georgia - Department of Finance, Oregon State University and Brandeis University - International Business School
Downloads 666 (39,473)
Citation 9

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Initial Public Offerings, Merger and Acquisitions, Product market, exit decisions, venture capital

IPO Waves, Product Market Competition, and the Going Public Decision: Theory and Evidence

Journal of Financial Economics (JFE), Volume 101, Issue 2, August 2011, Pages 382–412
Number of pages: 73 Posted: 22 Sep 2008 Last Revised: 27 Nov 2012
Thomas J. Chemmanur and Jie He
Boston College - Carroll School of Management and University of Georgia - Department of Finance
Downloads 527 (52,993)
Citation 2

Abstract:

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IPO waves, going public, product market competition

IPO Waves, Product Market Competition, and the Going Public Decision: Theory and Evidence

US Census Bureau Center for Economic Studies Paper No. CES-WP- 12-07
Number of pages: 72 Posted: 28 Mar 2012
Thomas J. Chemmanur and Jie He
Boston College - Carroll School of Management and University of Georgia - Department of Finance
Downloads 85 (305,501)
Citation 7

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18.

The Effects of Corporate Spin-offs on Productivity

Journal of Corporate Finance, Forthcoming
Number of pages: 70 Posted: 17 Mar 2006 Last Revised: 15 Apr 2016
Thomas J. Chemmanur, Karthik Krishnan and Debarshi K. Nandy
Boston College - Carroll School of Management, Northeastern University and Brandeis University - International Business School
Downloads 571 (48,449)
Citation 3

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Spin-offs, Restructuring, Total Factor Productivity (TFP), Employment, Wages

19.

Competition and Co-Operation Among Exchanges: A Theory of Cross Listing and Endogenous Listing Standards

Number of pages: 50 Posted: 07 Feb 2004
Thomas J. Chemmanur and Paolo Fulghieri
Boston College - Carroll School of Management and University of North Carolina Kenan-Flagler Business School
Downloads 570 (48,554)
Citation 19

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20.

Corporate Control Contests and the Disciplining Effect of Spin-Offs: A Theory of Performance and Value Improvements in Spin-Offs

Number of pages: 51 Posted: 15 Jan 2002
Thomas J. Chemmanur and An Yan
Boston College - Carroll School of Management and Fordham University - Gabelli School of Business
Downloads 565 (49,100)
Citation 5

Abstract:

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spin-offs, corporate control

21.

Capital Structure and Security Issuance Under Heterogeneous Beliefs

EFA 2008 Athens Meetings Paper, AFA 2009 San Francisco Meetings Paper
Number of pages: 49 Posted: 19 Mar 2008 Last Revised: 15 Dec 2010
Thomas J. Chemmanur, Jean-Sebastien Michel, Debarshi K. Nandy and An Yan
Boston College - Carroll School of Management, HEC Montreal, Brandeis University - International Business School and Fordham University - Gabelli School of Business
Downloads 550 (50,745)
Citation 1

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Heterogeneous beliefs, Security Issuance, Price Impact, Capital Structure

22.

Peer Monitoring, Syndication, and the Dynamics of Venture Capital Interactions: Theory and Evidence

Forthcoming, Journal of Financial and Quantitative Analysis
Number of pages: 76 Posted: 10 Apr 2019 Last Revised: 26 Jun 2019
Onur Bayar, Thomas J. Chemmanur and Xuan Tian
University of Texas at San Antonio, College of Business, Boston College - Carroll School of Management and Tsinghua University - PBC School of Finance
Downloads 543 (51,569)
Citation 12

Abstract:

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Peer Monitoring, Venture Capital, Syndication

23.

Institutional Investors and the Information Production Theory of Stock Splits

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 74 Posted: 17 Mar 2008 Last Revised: 28 Apr 2015
Thomas J. Chemmanur, Gang Hu and Jiekun Huang
Boston College - Carroll School of Management, Hong Kong Polytechnic University - School of Accounting and Finance and University of Illinois at Urbana-Champaign - Department of Finance
Downloads 524 (54,008)
Citation 1

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Stock Splits, Brokerage Commissions, Information Production, Institutional Investors

24.

Product Market Advertising and Initial Public Offerings: Theory and Empirical Evidence

EFA 2004 Maastricht Meetings Paper No. 3121
Number of pages: 49 Posted: 25 Jan 2004
Thomas J. Chemmanur and An Yan
Boston College - Carroll School of Management and Fordham University - Gabelli School of Business
Downloads 520 (54,512)
Citation 4

Abstract:

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Initial public offerings, advertising

25.

How Do Corporate Venture Capitalists Create Value for Entrepreneurial Firms?

Number of pages: 51 Posted: 19 Feb 2009 Last Revised: 19 Sep 2017
Thomas J. Chemmanur and Elena Loutskina
Boston College - Carroll School of Management and University of Virginia - Darden School of Business
Downloads 500 (57,303)
Citation 8

Abstract:

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Corporate venture capital, certification, monitoring, value creation

26.

Is It the Investment Bank or the Investment Banker? A Study of the Role of Investment Banker Human Capital in Acquisitions

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 79 Posted: 18 Dec 2012 Last Revised: 13 Jun 2017
Thomas J. Chemmanur, Mine Ertugrul and Karthik Krishnan
Boston College - Carroll School of Management, University of Massachusetts Boston and Northeastern University
Downloads 498 (57,584)
Citation 10

Abstract:

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human capital, investment banks, M&A

27.

Equilibrium Leasing Contracts Under Double-Sided Asymmetric Information

Number of pages: 41 Posted: 29 Jun 2000
Thomas J. Chemmanur and An Yan
Boston College - Carroll School of Management and Fordham University - Gabelli School of Business
Downloads 495 (58,054)
Citation 1

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28.

Why Do Firms Undertake Accelerated Share Repurchase Programs?

Number of pages: 57 Posted: 15 Mar 2010
Thomas J. Chemmanur, Yingmei Cheng and Tianming Zhang
Boston College - Carroll School of Management, Florida State University - College of Business and Florida State University - Department of Accounting
Downloads 493 (58,348)
Citation 12

Abstract:

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Accelerated share repurchase, signalling, undervaluation

Institutional Trading, Information Production, and the SEO Discount: a Model of Seasoned Equity Offerings

EFA 2007 Ljubljana Meetings Paper
Number of pages: 52 Posted: 16 Mar 2006
Yawen Jiao and Thomas J. Chemmanur
University of California, Riverside and Boston College - Carroll School of Management
Downloads 471 (61,056)
Citation 1

Abstract:

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Seasoned Equity Offerings, SEO discount, SEO underpricing, Information production, Institutional investors

Institutional Trading, Information Production, and the SEO Discount: A Model of Seasoned Equity Offerings

Journal of Economics & Management Strategy, Vol. 20, Issue 1, pp. 299-338, 2011
Number of pages: 40 Posted: 16 Mar 2011
Thomas J. Chemmanur and Yawen Jiao
Boston College - Carroll School of Management and University of California, Riverside
Downloads 1 (702,892)
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Abstract:

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30.

'Preparing' the Equity Market for Adverse Corporate Events: A Theoretical Analysis of Firms Cutting Dividends

Journal of Financial and Quantitative Analysis, 47(5), 933-972
Number of pages: 51 Posted: 17 Mar 2008 Last Revised: 29 Nov 2017
Thomas J. Chemmanur and Xuan Tian
Boston College - Carroll School of Management and Tsinghua University - PBC School of Finance
Downloads 466 (62,540)
Citation 3

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Market Preparation, Dividend Cuts, Asymetric Information

31.

What Drives the Valuation Premium in IPOs versus Acquisitions? An Empirical Analysis

Journal of Corporate Finance, June 2012, 18 (3), 451-475
Number of pages: 61 Posted: 27 Oct 2009 Last Revised: 19 Jun 2015
Onur Bayar and Thomas J. Chemmanur
University of Texas at San Antonio, College of Business and Boston College - Carroll School of Management
Downloads 465 (62,689)
Citation 4

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IPOs, Acquisitions, Valuation premium, Private firms, Exit mechanisms, Going public

32.

Underwriter Networks, Investor Attention, and Initial Public Offerings

Journal of Financial Economics 122, no. 2 (2016): 376-408
Number of pages: 65 Posted: 19 Jun 2014 Last Revised: 16 Dec 2017
Emanuele Bajo, Thomas J. Chemmanur, Karen Simonyan and Hassan Tehranian
University of Bologna - Department of Economics, Boston College - Carroll School of Management, Suffolk University - Department of Finance and Boston College - Department of Finance
Downloads 453 (64,741)
Citation 4

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Underwriter Centrality, Initial Public Offerings, Underwriter Networks

33.

A Theory of Corporate Boards and Forced CEO Turnover

Forthcoming in Management Science
Number of pages: 87 Posted: 23 Jul 2010 Last Revised: 21 Dec 2016
Thomas J. Chemmanur and Viktar Fedaseyeu
Boston College - Carroll School of Management and China Europe International Business School (CEIBS)
Downloads 410 (73,089)
Citation 12

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CEO turnover; board of directors; board member discussions; corporate governance

34.

Heterogeneous Beliefs, Short Sale Constraints, and the Economic Role of the Underwriter in IPOs

Financial Management, 41: 769-811, 2012, EFA 2008 Athens Meetings Paper
Number of pages: 64 Posted: 17 Mar 2008 Last Revised: 16 Dec 2017
Thomas J. Chemmanur and Karthik Krishnan
Boston College - Carroll School of Management and Northeastern University
Downloads 409 (73,318)
Citation 12

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Investment banks, Underwriter reputation, IPOs

35.

Management Quality and Anti-Takeover Provisions

The Journal of Law and Economics 54, no. 3 (2011): 651-692, EFA 2009 Bergen Meetings Paper
Number of pages: 56 Posted: 13 Mar 2008 Last Revised: 16 Dec 2017
Thomas J. Chemmanur, Imants Paeglis and Karen Simonyan
Boston College - Carroll School of Management, Concordia University - John Molson School of Business and Suffolk University - Department of Finance
Downloads 407 (73,705)
Citation 4

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Management Quality, Anti-Takeover Provisions, Initial Public Offerings, Operating Performance, Stock Return Performance

36.

Top Management Human Capital, Inventor Mobility, and Corporate Innovation

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming, AFA 2016 San Francisco Meetings Paper
Number of pages: 88 Posted: 03 Sep 2015 Last Revised: 16 Sep 2018
Thomas J. Chemmanur, Lei Kong, Karthik Krishnan and Qianqian Yu
Boston College - Carroll School of Management, University of Alabama - Department of Economics, Finance and Legal Studies, Northeastern University and Lehigh University
Downloads 402 (74,738)
Citation 10

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Corporate Innovation; Top Management Human Capital; Innovation Strategy; Inventor Mobility

37.

Seasoned Equity Issues With 'Soft' Information: Theory and Empirical Evidence

Number of pages: 56 Posted: 25 Feb 2005
Yawen Jiao and Thomas J. Chemmanur
University of California, Riverside and Boston College - Carroll School of Management
Downloads 402 (74,738)
Citation 3

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Equity Issues, Announcement Effects, Financing Policy

38.

Management Quality, Financial and Investment Policies, and Asymmetric Information

AFA 2005 Philadelphia Meetings Paper, Journal of Financial and Quantitative Analysis (JFQA), Vol. 44, No. 5, 2009
Number of pages: 54 Posted: 16 Jan 2005 Last Revised: 12 Jan 2016
Thomas J. Chemmanur, Imants Paeglis and Karen Simonyan
Boston College - Carroll School of Management, Concordia University - John Molson School of Business and Suffolk University - Department of Finance
Downloads 375 (80,918)
Citation 3

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Management Quality, Capital Structure, Dividend Policy, Investment Policy, Asymmetric Information

39.

Do Local and International Venture Capitalists Play Well Together? The Complementarity of Local and International Venture Capitalists

Journal of Business Venturing, 2016, Volume 31, Issue 5, 573-594, AFA 2012 Chicago Meetings Paper
Number of pages: 47 Posted: 03 Sep 2010 Last Revised: 02 Sep 2016
Thomas J. Chemmanur, Tyler Hull and Karthik Krishnan
Boston College - Carroll School of Management, University of Massachusetts Boston and Northeastern University
Downloads 358 (85,435)
Citation 15

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Venture Capital, International Finance, Emerging markets

40.

The Medium of Exchange in Acquisitions: Does the Private Information of Both Acquirer and Target Matter?

Journal of Corporate Finance 15, no. 5 (2009): 523-542
Number of pages: 43 Posted: 12 Jan 2004 Last Revised: 16 Dec 2017
Thomas J. Chemmanur, Imants Paeglis and Karen Simonyan
Boston College - Carroll School of Management, Concordia University - John Molson School of Business and Suffolk University - Department of Finance
Downloads 346 (88,879)
Citation 3

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Mergers and acquisitions, Medium of exchange, Asymmetric information

41.

Trademarks in Entrepreneurial Finance

Number of pages: 72 Posted: 12 Jun 2018 Last Revised: 21 Sep 2018
Thomas J. Chemmanur, Harshit Rajaiya, Xuan Tian and Qianqian Yu
Boston College - Carroll School of Management, Boston College, Carroll School of Management, Department of Finance, Tsinghua University - PBC School of Finance and Lehigh University
Downloads 316 (98,337)

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Trademarks; Initial Public Offerings (IPOs); Private Firm Exit; Innovation

42.

Options on Initial Public Offerings

Rotman School of Management Working Paper No. 2311317, Pace University Finance Research Paper No. 2013/05
Number of pages: 60 Posted: 18 Aug 2013 Last Revised: 27 Aug 2019
Thomas J. Chemmanur, Chayawat Ornthanalai and Padma Kadiyala
Boston College - Carroll School of Management, University of Toronto - Rotman School of Management and Pace University - Lubin School of Business
Downloads 311 (100,053)
Citation 2

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IPOs; Option listing; Long-run stock returns; short-sale constraint

43.

Communicating Private Information to the Equity Market before a Dividend Cut: An Empirical Analysis

Journal of Financial and Quantitative Analysis 49, no. 5-6 (2014): 1167-1199
Number of pages: 45 Posted: 17 Mar 2013 Last Revised: 16 Dec 2017
Thomas J. Chemmanur and Xuan Tian
Boston College - Carroll School of Management and Tsinghua University - PBC School of Finance
Downloads 298 (104,804)
Citation 4

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market preparation, dividend cut, announcement returns, stock return volatility

44.

What Drives the Issuance of Putable Convertibles: Risk-Shifting, Asymmetric Information, or Taxes?

Financial Management, March 2010, EFA 2006 Zurich Meetings
Number of pages: 66 Posted: 26 Mar 2008 Last Revised: 15 Apr 2010
Thomas J. Chemmanur and Karen Simonyan
Boston College - Carroll School of Management and Suffolk University - Department of Finance
Downloads 289 (108,334)

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Putable Convertibles, Convertible Bonds, Issuing Convertible Debt, Performance

45.

Noisy Signaling through Open Market Share Repurchase Programs and Information Production by Institutions

2018 Asian Finance Association (AsianFA) Conference, 2016 Financial Intermediation Research Society (FIRS) conference, 2015 European Finance Association (EFA) conference
Number of pages: 67 Posted: 29 Dec 2014 Last Revised: 30 Jul 2018
Thomas J. Chemmanur, Yingzhen Li, Jing Xie and Anthony Zhu
Boston College - Carroll School of Management, The Brattle Group, Hong Kong Polytechnic University - School of Accounting and Finance and Quantitative Equity, T. Rowe Price
Downloads 274 (114,624)
Citation 2

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Open-Market Repurchases, Institutional Trading, Information Production

46.

The Effect of Venture Capital Backing on the Top Management Quality of Entrepreneurial Firms and Implications for Initial Public Offerings

Number of pages: 63 Posted: 13 Mar 2012 Last Revised: 04 Sep 2017
Thomas J. Chemmanur, Karen Simonyan and Hassan Tehranian
Boston College - Carroll School of Management, Suffolk University - Department of Finance and Boston College - Department of Finance
Downloads 272 (115,489)
Citation 7

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Top Management Human Capital; Venture Capital Backing; Initial Public Offerings

47.

Anti-Takeover Provisions in Corporate Spin-Offs

Journal of Banking and Finance, Forthcoming
Number of pages: 50 Posted: 16 Mar 2007 Last Revised: 16 Apr 2010
Thomas J. Chemmanur, Bradford D. Jordan, Mark H. Liu and Qun Wu
Boston College - Carroll School of Management, University of Kentucky - Gatton College of Business and Economics, University of Kentucky - Gatton College of Business and Economics and U of Nevada, Reno
Downloads 256 (123,119)
Citation 2

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Spin-offs, anti-takeover provisions, managerial entrenchment, long-term value creation, announcement return, operating performance

48.

The Exit Choices of European Private Firms: A Dynamic Empirical Analysis

Number of pages: 76 Posted: 28 Nov 2014 Last Revised: 08 Mar 2019
Thomas J. Chemmanur, Andrea Signori and Silvio Vismara
Boston College - Carroll School of Management, Catholic University of Milan and University of Bergamo
Downloads 250 (126,106)
Citation 2

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Private firm exits; initial public offerings (IPOs); post-IPO acquisitions; delistings

49.

Institutional Trading, Information Production, and the Choice Between Spin-Offs, Carve-Outs, and Tracking Stock Issues

Journal of Corporate Finance, Forthcoming
Number of pages: 37 Posted: 17 Mar 2007 Last Revised: 19 Jul 2010
Thomas J. Chemmanur and Mark H. Liu
Boston College - Carroll School of Management and University of Kentucky - Gatton College of Business and Economics
Downloads 238 (132,500)
Citation 1

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restructuring, corporate spin-offs, equity carve-outs, tracking stock issues, institutional trading, information production

50.

Innovation Beyond Firm Boundaries: Common Blockholders, Strategic Alliances, and Corporate Innovation

American Economic Association 2017 Meetings Paper, Asian Finance Association (AsianFA) 2016 Conference Paper
Number of pages: 51 Posted: 01 Oct 2015 Last Revised: 09 Jan 2018
Thomas J. Chemmanur, Yao Shen and Jing Xie
Boston College - Carroll School of Management, Baruch College (CUNY) and Hong Kong Polytechnic University - School of Accounting and Finance
Downloads 225 (139,971)
Citation 5

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Blockholders, Strategic Alliances, Firm Boundaries, Innovation, R&D

51.

Dividends versus Stock Repurchases and Long-Run Stock Returns under Heterogeneous Beliefs

Number of pages: 72 Posted: 30 Jun 2013 Last Revised: 14 Feb 2017
Onur Bayar, Thomas J. Chemmanur and Mark H. Liu
University of Texas at San Antonio, College of Business, Boston College - Carroll School of Management and University of Kentucky - Gatton College of Business and Economics
Downloads 222 (141,776)
Citation 1

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Dividends, Stock repurchases, Heterogeneous beliefs, Long-run stock returns, Payout policy

52.

Do Institutions Have the Information to Play a Significant Role in Corporate Governance? Direct Evidence from Institutional Trading Around CEO Turnovers

Number of pages: 54 Posted: 15 Aug 2013 Last Revised: 29 Jan 2018
Thomas J. Chemmanur, Gang Hu, Yingzhen Li and Jing Xie
Boston College - Carroll School of Management, Hong Kong Polytechnic University - School of Accounting and Finance, The Brattle Group and Hong Kong Polytechnic University - School of Accounting and Finance
Downloads 214 (146,828)

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Corporate Governance; CEO Turnover; Institutional Trading; Information Production

53.

Venture Capital Backing, Investor Attention, and Initial Public Offerings

Number of pages: 63 Posted: 14 Oct 2016 Last Revised: 04 Aug 2018
Thomas J. Chemmanur, Karthik Krishnan and Qianqian Yu
Boston College - Carroll School of Management, Northeastern University and Lehigh University
Downloads 205 (152,952)
Citation 4

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Initial Public Offerings, Investor Attention, Venture Capital

54.

Is Dividend Smoothing Universal? New Insights from a Comparative Study of Dividend Policies in Hong Kong and the U.S.

Journal of Corporate Finance, Vol. 16, pp. 413-430, 2010
Number of pages: 41 Posted: 23 Nov 2010
Thomas J. Chemmanur, Jie He, Gang Hu and Y. Helen Liu
Boston College - Carroll School of Management, University of Georgia - Department of Finance, Hong Kong Polytechnic University - School of Accounting and Finance and affiliation not provided to SSRN
Downloads 202 (155,022)
Citation 2

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Dividend Smoothing, Comparative Study, Hong Kong

55.

Management Quality and Innovation in Private Firms and the IPO Market Rewards to Innovative Activity

Number of pages: 61 Posted: 21 Jun 2016 Last Revised: 24 Sep 2018
Thomas J. Chemmanur, Manish Gupta and Karen Simonyan
Boston College - Carroll School of Management, Nottingham University Business School and Suffolk University - Department of Finance
Downloads 201 (155,734)
Citation 3

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Corporate Innovation; Private Firms; Initial Public Offerings (IPOs); Top Management Human Capital

A Theory of Equity Carve-Outs and Negative Stub Values under Heterogeneous Beliefs

Journal of Financial Economics (JFE), June 2011, 100 (3), 616-638
Number of pages: 53 Posted: 25 Mar 2008 Last Revised: 19 Jun 2015
Onur Bayar, Thomas J. Chemmanur and Mark H. Liu
University of Texas at San Antonio, College of Business, Boston College - Carroll School of Management and University of Kentucky - Gatton College of Business and Economics
Downloads 154 (197,437)

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heterogeneous beliefs, equity carve-outs, negative stub values

Management of Innovation, Equity Carve-Outs, and Negative Stub Values under Heterogeneous Beliefs

Number of pages: 47 Posted: 07 Mar 2008 Last Revised: 24 Nov 2018
Thomas J. Chemmanur, Onur Bayar and Mark H. Liu
Boston College - Carroll School of Management, University of Texas at San Antonio, College of Business and University of Kentucky - Gatton College of Business and Economics
Downloads 43 (433,609)

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heterogeneous beliefs, management of innovation, equity carve-outs

57.

A Theory of Capital Structure, Price Impact, and Long-Run Stock Returns under Heterogeneous Beliefs

Review of Corporate Finance Studies (RCFS), September 2015, 4 (2), 258-320
Number of pages: 68 Posted: 19 Mar 2010 Last Revised: 05 May 2016
Onur Bayar, Thomas J. Chemmanur and Mark H. Liu
University of Texas at San Antonio, College of Business, Boston College - Carroll School of Management and University of Kentucky - Gatton College of Business and Economics
Downloads 186 (167,242)
Citation 2

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Capital Structure, Heterogeneous Beliefs, Convertible Debt Issues, Security Tranching, Price Impact, Long-Run Stock Returns.

58.

Transforming the Management and Governance of Private Family Firms in East Asia: The Role of Financial Intermediaries

NBER 2015 Entrepreneurship Working Group Meeting Paper
Number of pages: 68 Posted: 21 Aug 2015 Last Revised: 21 Jun 2018
Thomas J. Chemmanur, Gang Hu and Wu Chaopeng
Boston College - Carroll School of Management, Hong Kong Polytechnic University - School of Accounting and Finance and Xiamen University - School of Management
Downloads 184 (168,900)

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Family Firms; Corporate Governance; Top Management Changes; Initial Public Offerings (IPOs)

59.

Rent Seeking, Brokerage Commissions, and Pricing and Share Allocation in Initial Public Offerings

PBCSF-NIFR Research Paper, Forthcoming
Number of pages: 61 Posted: 19 Apr 2017 Last Revised: 19 Oct 2017
Thomas J. Chemmanur, Bibo Liu and Xuan Tian
Boston College - Carroll School of Management, Tsinghua University - PBC School of Finance and Tsinghua University - PBC School of Finance
Downloads 171 (180,236)
Citation 1

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IPO Pricing, Rent Seeking, Mutual Funds, Underwriters, Brokerage Commissions

60.

Cross-Border LBOs, Human Capital, and Proximity: Value Addition through Monitoring in Private Equity Investments

Forthcoming, Journal of Financial and Quantitative Analysis
Number of pages: 88 Posted: 26 Apr 2014 Last Revised: 11 Nov 2019
Thomas J. Chemmanur, Tyler Hull and Karthik Krishnan
Boston College - Carroll School of Management, University of Massachusetts Boston and Northeastern University
Downloads 170 (181,167)
Citation 2

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International finance, LBO, private equity, open sky agreement

61.

How to Motivate Fundamental Innovation: Optimal Interactions between Entrepreneurs, Venture Capitalists, and the Government

Number of pages: 74 Posted: 23 Jun 2016 Last Revised: 23 Dec 2019
Onur Bayar, Thomas J. Chemmanur and Mark H. Liu
University of Texas at San Antonio, College of Business, Boston College - Carroll School of Management and University of Kentucky - Gatton College of Business and Economics
Downloads 141 (211,842)
Citation 2

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Financing of innovations, Fundamental innovation, Venture capital financing, Innovation and the going public decision, Government subsidies, Innovation prizes.

62.

Information Production by Institutions and Information Extraction by Underwriters in Hybrid IPO Auctions

WFA 2018 Coronado Meetings Paper
Number of pages: 68 Posted: 27 Jul 2017 Last Revised: 02 Apr 2018
Thomas J. Chemmanur, Pengfei Ma, Chaopeng Wu and Qianqian Yu
Boston College - Carroll School of Management, Indiana University - Kelley School of Business, Xiamen University - School of Management and Lehigh University
Downloads 139 (214,327)
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Initial Public Offerings, Hybrid IPO Auctions, Information Production

Institutional Trading, Information Production, and Corporate Spin-Offs

Number of pages: 52 Posted: 25 Mar 2008
Thomas J. Chemmanur and Shan He
Boston College - Carroll School of Management and Oregon State University
Downloads 73 (334,795)
Citation 1

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Corporate Spin-offs, Institutional investors, Institutional trading, Information production.

Institutional Trading, Information Production, and Corporate Spin-Offs

Number of pages: 54 Posted: 13 Feb 2009
Thomas J. Chemmanur and Shan He
Boston College - Carroll School of Management and Oregon State University
Downloads 66 (354,279)

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Corporate Spin-offs, Institutional investors, Institutional trading, Information production

64.

Optimal Disclosure and Litigation Rules Around IPOs and SEOs

Kenan Institute of Private Enterprise Research Paper No. 19-19
Number of pages: 61 Posted: 28 Nov 2017 Last Revised: 15 May 2019
Onur Bayar, Thomas J. Chemmanur and Paolo Fulghieri
University of Texas at San Antonio, College of Business, Boston College - Carroll School of Management and University of North Carolina Kenan-Flagler Business School
Downloads 134 (220,734)

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Disclosure rules, initial public offerings (IPOs), seasoned equity offerings (SEOs), disclosure regulation, private securities litigation

65.

Optimal Contracts, Capital Structure, and Infrastructure Project Financing

Number of pages: 67 Posted: 17 Jun 2016 Last Revised: 23 Dec 2019
Sanjay Banerji, Onur Bayar and Thomas J. Chemmanur
University of Nottingham, University of Texas at San Antonio, College of Business and Boston College - Carroll School of Management
Downloads 110 (255,708)
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Infrastructure finance, Capital structure, Ownership structure, Build-operate-transfer, Build-operate-own, Performance guarantees, Limited-recourse project financing.

66.

Management Quality and Equity Issue Characteristics: A Comparison of SEOs and IPOs

Financial Management, Vol. 39, Issue 4, 2010
Number of pages: 51 Posted: 13 Apr 2010 Last Revised: 12 Jan 2016
Thomas J. Chemmanur, Imants Paeglis and Karen Simonyan
Boston College - Carroll School of Management, Concordia University - John Molson School of Business and Suffolk University - Department of Finance
Downloads 100 (273,077)

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Seasoned Equity Offerings, Management Quality, Asymmetric Information

67.

Management Quality, Financial Policies, and Asymmetric Information

Journal of Financial and Quantitative Analysis (JFQA), Vol. 44, No. 5, 2009
Number of pages: 54 Posted: 06 Mar 2007 Last Revised: 16 Dec 2017
Thomas J. Chemmanur, Imants Paeglis and Karen Simonyan
Boston College - Carroll School of Management, Concordia University - John Molson School of Business and Suffolk University - Department of Finance
Downloads 97 (278,583)
Citation 1

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Management Quality, Capital Structure, Dividend Policy, Investment Policy, Asymmetric Information

68.

How Does Greater Bank Competition Affect Borrower Screening? Evidence from a Natural Experiment Based on China's WTO Entry

Number of pages: 41 Posted: 17 Aug 2018 Last Revised: 21 Jun 2019
Thomas J. Chemmanur, Jiaqi Qin, Yan Sun, Qianqian Yu and Xiang Zheng
Boston College - Carroll School of Management, Nankai University-Business School, Saint Louis University, Lehigh University and Boston College - Department of Finance
Downloads 59 (370,366)

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Bank Competition, Borrower Screening; Financial Sector Development; State-owned Firms

69.

How Does Private Firm Innovation Affect Anti-Takeover Provisions in Corporate Charters? Evidence from Firms Going Public

Number of pages: 70 Posted: 03 Dec 2018 Last Revised: 30 Dec 2019
Thomas J. Chemmanur, Manish Gupta, Karen Simonyan and Xiang Zheng
Boston College - Carroll School of Management, Nottingham University Business School, Suffolk University - Department of Finance and Boston College - Department of Finance
Downloads 58 (373,413)

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Anti-Takeover Provisions (ATPs), Private Firms, Pre-IPO Innovation, Top Management Quality, Initial Public Offerings (IPOs)

70.

A Model of the Editorial Process in Scientific Journals

Number of pages: 69 Posted: 15 Mar 2012 Last Revised: 11 Jun 2014
Onur Bayar and Thomas J. Chemmanur
University of Texas at San Antonio, College of Business and Boston College - Carroll School of Management
Downloads 57 (376,638)
Citation 1

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Editorial process; Peer review; Scientific journals; Entrepreneurial finance.

71.

Suppliers as Financiers of the Last Resort: The Effect of Exogenous Changes in Analyst Coverage on Trade Credit Use

Number of pages: 50 Posted: 13 Feb 2019
Thomas J. Chemmanur and Francesca Toscano
Boston College - Carroll School of Management and Wayne State University - Mike Ilitch School of Business
Downloads 45 (417,557)

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Trade Credit; Analyst Coverage; Information Production; Asymmetric Information

72.

What is the Value of an Innovation? Theory and Evidence on the Stock Market's Reaction to Innovation Announcements

Number of pages: 61 Posted: 08 Jan 2020
Thomas J. Chemmanur, Dongmei Li, Kevin Tseng and Yu (Yvonne) Wang
Boston College - Carroll School of Management, University of South Carolina - Darla Moore School of Business - Department of Finance, Federal Reserve Bank of Richmond and Boston College
Downloads 43 (425,134)

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Corporate Innovation, Investor Attention, Post-Announcement Stock Return Drift, Valuation of Innovation

73.

How Does Soft Information Affect External Firm Financing? Evidence from Online Employee Ratings

Number of pages: 72 Posted: 12 Jan 2020
Thomas J. Chemmanur, Harshit Rajaiya and Jinfei Sheng
Boston College - Carroll School of Management, Boston College, Carroll School of Management, Department of Finance and University of California, Irvine - Paul Merage School of Business
Downloads 18 (555,557)

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Seasoned Equity Offerings (SEOs); Soft Information; Online Employee Ratings; Information Environment; Big Data

74.

Corporate Spin-Offs, Product Market Competition, and Innovation

Number of pages: 58 Posted: 11 Jan 2020
Onur Bayar, Thomas J. Chemmanur and Qing Ma
University of Texas at San Antonio, College of Business, Boston College - Carroll School of Management and Southwestern University of Finance and Economics (SWUFE)
Downloads 7 (619,893)

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Innovation, Spin-offs, Acquisitions, Product market competition, Commercialization

75.

The Role of Investor Attention in Seasoned Equity Offerings: Theory and Evidence

Number of pages: 76
Thomas J. Chemmanur, Karen Simonyan, Yu (Yvonne) Wang and Xiang Zheng
Boston College - Carroll School of Management, Suffolk University - Department of Finance, Boston College and Boston College - Department of Finance
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Seasoned Equity Offerings, Limited Attention, Announcement Effect, Post-announcement Drift

76.

Reputation, Renegotiation, and the Choice between Bank Loans and Publicly Traded Debt

REVIEW OF FINANCIAL STUDIES Volume 7, Number 3, 1994
Posted: 10 May 2000
Thomas J. Chemmanur and Paolo Fulghieri
Boston College - Carroll School of Management and University of North Carolina Kenan-Flagler Business School

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77.

Asymmetric Information, Corporate Myopia, and Capital Gains Tax Rates: An Analysis of Policy Prescriptions

Journal of Financial Intermediation Vol. 8, No. 3, 1999
Posted: 08 Apr 1999
Thomas J. Chemmanur and S. Abraham Ravid
Boston College - Carroll School of Management and Yeshiva University - Syms School of Business

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78.

A Theory of the Going-Public Decision

Review of Financial Studies, Vol. 12, Issue 2
Posted: 06 Dec 1998
Thomas J. Chemmanur and Paolo Fulghieri
Boston College - Carroll School of Management and University of North Carolina Kenan-Flagler Business School

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79.

Asymmetric Information, Corporate Myopia, and Implications for Capital Gains Tax Rates

Posted: 10 Oct 1998
Thomas J. Chemmanur and S. Abraham Ravid
Boston College - Carroll School of Management and Yeshiva University - Syms School of Business

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80.

Why Include Warrants in New Equity Issues? A Theory of Unit Ipos

J. OF FINANCIAL AND QUANTITATIVE ANALYSIS, March 1997
Posted: 17 Feb 1997
Thomas J. Chemmanur and Paolo Fulghieri
Boston College - Carroll School of Management and University of North Carolina Kenan-Flagler Business School

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81.

Why Include Warrants in New Equity Issues? A Theory of Unit Ipo's

Posted: 04 Jul 1995
Thomas J. Chemmanur and Paolo Fulghieri
Boston College - Carroll School of Management and University of North Carolina Kenan-Flagler Business School

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Other Papers (4)

Total Downloads: 1,441
1.

Why do Firms Undertake Accelerated Share Repurchase Programs?

Number of pages: 57 Posted: 26 Mar 2008 Last Revised: 26 May 2010
Thomas J. Chemmanur, Yingmei Cheng and Tianming Zhang
Boston College - Carroll School of Management, Florida State University - College of Business and Florida State University - Department of Accounting
Downloads 699

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Accelerated Share Repurchase, Open Market Repurchase, Signalling

2.

Human Capital, Capital Structure, and Employee Pay: An Empirical Analysis

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 56 Posted: 17 Mar 2008 Last Revised: 28 Feb 2013
Thomas J. Chemmanur, Yingmei Cheng and Tianming Zhang
Boston College - Carroll School of Management, Florida State University - College of Business and Florida State University - Department of Accounting
Downloads 316 (7,012)

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Capital structure, Human capital, Labor costs

3.

Product Market Advertising, IPO Valuation, and Long-Run Stock Returns

Number of pages: 60 Posted: 19 Mar 2008 Last Revised: 16 Mar 2010
Thomas J. Chemmanur and An Yan
Boston College - Carroll School of Management and Fordham University - Gabelli School of Business
Downloads 250

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IPO, Advertising, IPO Long Run Return, IPO Valuation

4.

The Role of Management Quality in the IPOs of Venture-Backed Entrepreneurial Firms

Number of pages: 60 Posted: 04 Apr 2013
Thomas J. Chemmanur, Karen Simonyan and Hassan Tehranian
Boston College - Carroll School of Management, Suffolk University - Department of Finance and Boston College - Department of Finance
Downloads 176 (156,805)

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Management Quality, Initial Public Offerings, Venture Capital