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

100

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52,034

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851

CROSSREF CITATIONS

469

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

Scholarly Papers (100)

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 3,870 (4,575)
Citation 41

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 932 (41,654)
Citation 72

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 2,804 (7,932)
Citation 85

Abstract:

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anti-takeover provisions, innovation, firm value

3.

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 1,894 (14,792)
Citation 29

Abstract:

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venture capital, certification, screening, monitoring, market power

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 1,409 (22,885)
Citation 21

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 475 (100,091)
Citation 53

Abstract:

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5.

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 1,876 (15,041)
Citation 18

Abstract:

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Angels, Venture Capital, Contract Dynamics

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 - Alvarez College of Business and Boston College - Carroll School of Management
Downloads 1,761 (16,567)
Citation 18

Abstract:

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

7.

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 1,757 (16,625)
Citation 51

Abstract:

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Advertising, Stock returns, Attention

8.

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 1,531 (20,537)
Citation 2

Abstract:

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

9.
Downloads 1,325 (25,537)
Citation 55

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, Shan He and Debarshi K. Nandy
Boston College - Carroll School of Management, Louisiana State UniversityOregon State University and Brandeis University - International Business School
Downloads 1,058 (34,813)
Citation 4

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, Shan He and Debarshi K. Nandy
Boston College - Carroll School of Management, Louisiana State UniversityOregon State University and Brandeis University - International Business School
Downloads 267 (189,586)
Citation 12

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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 1,055 (35,475)
Citation 28

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11.

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 1,020 (37,207)
Citation 3

Abstract:

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

12.

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, Shan He and Gang Hu
Boston College - Carroll School of Management, Louisiana State UniversityOregon State University and Hong Kong Polytechnic University - School of Accounting and Finance
Downloads 1,006 (37,948)
Citation 12

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

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 698 (61,649)
Citation 8

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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 272 (186,073)
Citation 5

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Dual Class Shares, Voting Structure, Antitakeover Provisions, Recapitalizations

14.

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 906 (43,929)
Citation 12

Abstract:

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

15.

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, Shan He and Debarshi K. Nandy
Boston College - Carroll School of Management, University of Georgia - Department of Finance, Louisiana State UniversityOregon State University and Brandeis University - International Business School
Downloads 807 (51,516)
Citation 21

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

16.

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

Journal of Financial and Quantitative Analysis (JFQA), September 2020, 55(6), 1875-1914
Number of pages: 76 Posted: 10 Apr 2019 Last Revised: 11 Aug 2021
Onur Bayar, Thomas J. Chemmanur and Xuan Tian
University of Texas at San Antonio - Alvarez College of Business, Boston College - Carroll School of Management and Tsinghua University - PBC School of Finance
Downloads 766 (55,239)
Citation 13

Abstract:

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Peer Monitoring, Venture Capital, Syndication

17.

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 755 (56,294)
Citation 11

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mandatory convertibles, ordinary convertibles, financial innovation

18.

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 753 (56,506)
Citation 8

Abstract:

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Corporate venture capital, certification, monitoring, value creation

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 627 (70,777)
Citation 23

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 113 (401,550)
Citation 11

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20.

Trademarks and Entrepreneurial Firm Success: Theory and Evidence from Private Firm Exits and Initial Public Offerings

Number of pages: 89 Posted: 12 Jun 2018 Last Revised: 21 Aug 2021
Thomas J. Chemmanur, Harshit Rajaiya, Xuan Tian, Qianqian Yu and Onur Bayar
Boston College - Carroll School of Management, University of Ottawa - Telfer School of Management, Tsinghua University - PBC School of Finance, Lehigh University and University of Texas at San Antonio - Alvarez College of Business
Downloads 687 (63,822)
Citation 1

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Trademarks; Initial Public Offerings (IPOs); Valuation; Private Firm Exit; Post-IPO Operating Performance

21.

How does Online Employee Ratings Affect External Firm Financing? Evidence from Glassdoor

Number of pages: 81 Posted: 12 Jan 2020 Last Revised: 15 Sep 2020
Thomas J. Chemmanur, Harshit Rajaiya and Jinfei Sheng
Boston College - Carroll School of Management, University of Ottawa - Telfer School of Management and University of California, Irvine - Paul Merage School of Business
Downloads 678 (64,976)
Citation 7

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

22.

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 625 (72,001)
Citation 5

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

23.

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 - Alvarez College of Business and Boston College - Carroll School of Management
Downloads 611 (74,065)
Citation 8

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

24.

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 608 (74,536)
Citation 2

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Heterogeneous beliefs, Security Issuance, Price Impact, Capital Structure

25.

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 605 (74,988)
Citation 18

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Accelerated share repurchase, signalling, undervaluation

26.

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 595 (76,587)
Citation 19

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

27.

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 594 (76,755)
Citation 20

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28.

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 589 (77,573)
Citation 7

Abstract:

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spin-offs, corporate control

29.

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 584 (78,443)
Citation 22

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human capital, investment banks, M&A

30.

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 570 (80,770)
Citation 4

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Stock Splits, Brokerage Commissions, Information Production, Institutional Investors

31.

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 569 (80,959)
Citation 15

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Underwriter Centrality, Initial Public Offerings, Underwriter Networks

32.

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 555 (83,558)
Citation 6

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Initial public offerings, advertising

33.

Recent Developments in the FinTech Industry

Forthcoming, Journal of Financial Management, Markets and Institutions
Number of pages: 36 Posted: 15 Apr 2020 Last Revised: 29 Apr 2020
Thomas J. Chemmanur, Michael B. Imerman, Harshit Rajaiya and Qianqian Yu
Boston College - Carroll School of Management, University of California, Irvine - Paul Merage School of Business, University of Ottawa - Telfer School of Management and Lehigh University
Downloads 553 (83,962)

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FinTech; Financial Innovation; Banking the Unbanked; Venture Capital Finance

34.

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 535 (87,412)
Citation 1

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35.

'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 531 (88,231)
Citation 4

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Market Preparation, Dividend Cuts, Asymetric Information

36.

The Disappearing IPO Puzzle: New Insights from Proprietary U.S. Census Data on Private Firms

Number of pages: 63 Posted: 26 Mar 2020 Last Revised: 13 Aug 2023
Thomas J. Chemmanur, Jie He, Xiao Ren and Tao Shu
Boston College - Carroll School of Management, University of Georgia - Department of Finance, The Chinese University of Hong Kong, Shenzhen and The Chinese University of Hong Kong (CUHK) - CUHK Business School
Downloads 510 (92,746)
Citation 1

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Exit Choices, Disappearing IPOs, Private Equity, Weak Economy, Product Market Competition

37.

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 509 (93,007)
Citation 5

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

38.

Innovation beyond Firm Boundaries: Strategic Alliances and Corporate Innovation

Journal of Corporate Finance, Vol. 60, 2023
Number of pages: 58 Posted: 01 Oct 2015 Last Revised: 08 Jun 2023
Thomas J. Chemmanur, Yao Shen and Jing Xie
Boston College - Carroll School of Management, City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance and University of Macau, Faculty of Business Administration, Department of Finance and Business Economics
Downloads 491 (97,105)
Citation 14

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Corporate Innovation; Patents; Strategic Alliances; Co-patenting

39.

Underwriter Networks, Information Asymmetry, and Seasoned Equity Offerings

Number of pages: 54 Posted: 25 Feb 2020
Thomas J. Chemmanur, Karen Simonyan and Xiang Zheng
Boston College - Carroll School of Management, Suffolk University - Department of Finance and University of Connecticut - Department of Finance
Downloads 468 (102,832)

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Seasoned Equity Offerings, Equity Issues, Announcement Effect, Information Asymmetry, Investment Banking Networks

40.

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 461 (104,753)
Citation 18

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

41.

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 449 (108,015)
Citation 16

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Investment banks, Underwriter reputation, IPOs

42.

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 447 (108,598)
Citation 3

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Equity Issues, Announcement Effects, Financing Policy

43.

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 436 (111,824)
Citation 6

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

44.

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 430 (113,640)
Citation 6

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

45.

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 422 (116,129)
Citation 22

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Venture Capital, International Finance, Emerging markets

46.

CSR and Firm Survival: Evidence from the Climate and Pandemic Crises

Number of pages: 89 Posted: 23 Sep 2021 Last Revised: 05 May 2022
Boston College - Carroll School of Management, University of Bath - School of Management, Queen Mary University London and University College Dublin
Downloads 419 (117,143)
Citation 4

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Corporate Social Responsibility, Climate Change, Pandemic Uncertainty, Firm Survival, Corporate Governance

47.

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 389 (127,547)
Citation 5

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Mergers and acquisitions, Medium of exchange, Asymmetric information

48.

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

Review of Corporate Finance Studies (RCFS), September 2021, 10(3), 578-632
Number of pages: 81 Posted: 30 Jun 2013 Last Revised: 16 Sep 2021
Onur Bayar, Thomas J. Chemmanur and Mark H. Liu
University of Texas at San Antonio - Alvarez College of Business, Boston College - Carroll School of Management and University of Kentucky - Gatton College of Business and Economics
Downloads 367 (136,181)
Citation 1

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

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 330 (151,759)
Citation 4

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

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

Number of pages: 63 Posted: 02 Sep 2022 Last Revised: 05 Sep 2023
Thomas J. Chemmanur, Andrea Signori and Silvio Vismara
Boston College - Carroll School of Management, Catholic University of Milan and University of Bergamo
Downloads 35 (749,393)

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IPO versus Acquisitions, Dynamics of Private Firm Exit, Post-IPO Acquisition, Post-IPO Delisting, European Private Firms

50.

Measuring the Economic Value of an Innovation When Some Investors Are Inattentive: Theory and Evidence

Number of pages: 66 Posted: 08 Jan 2020 Last Revised: 28 Aug 2022
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, The Chinese University of Hong Kong (CUHK) - CUHK Business School and University of Arkansas - Department of Finance
Downloads 364 (137,453)
Citation 1

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

51.

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 360 (139,164)
Citation 5

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

52.

The Relationship between Venture Capital Backing and the Top Management Team Quality of Firms Going Public and Implications for Initial Public Offerings

Journal of Business Venturing, Forthcoming
Number of pages: 54 Posted: 13 Mar 2012 Last Revised: 18 Aug 2021
Thomas J. Chemmanur, Manish Gupta, Karen Simonyan and Hassan Tehranian
Boston College - Carroll School of Management, Nottingham University Business School, Suffolk University - Department of Finance and Boston College - Department of Finance
Downloads 351 (143,049)
Citation 10

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

53.

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: 62 Posted: 29 Dec 2014 Last Revised: 11 Apr 2022
Thomas J. Chemmanur, Yingzhen Li, Jing Xie and Anthony Zhu
Boston College - Carroll School of Management, The Brattle Group, University of Macau, Faculty of Business Administration, Department of Finance and Business Economics and Quantitative Equity, T. Rowe Price
Downloads 336 (149,903)
Citation 2

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Open-Market Repurchases, Institutional Trading, Information Production

54.

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 326 (155,320)

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Putable Convertibles, Convertible Bonds, Issuing Convertible Debt, Performance

55.

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 324 (155,880)
Citation 3

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Initial Public Offerings, Investor Attention, Venture Capital

56.

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 304 (166,703)
Citation 2

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

57.

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

Entrepreneurship Theory and Practice, forthcoming
Number of pages: 61 Posted: 21 Jun 2016 Last Revised: 24 Apr 2020
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 294 (172,643)
Citation 2

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

58.

Anti-Takeover Provisions in Corporate Spin-Offs

Journal of Banking and Finance, Forthcoming
Number of pages: 50 Posted: 16 Mar 2007 Last Revised: 02 Feb 2022
Thomas J. Chemmanur, Bradford D. Jordan, Mark H. Liu and Qun Wu
Boston College - Carroll School of Management, University of Florida, University of Kentucky - Gatton College of Business and Economics and U of Nevada, Reno
Downloads 280 (181,630)
Citation 2

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

59.

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 277 (183,675)
Citation 2

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

60.

Angels and Venture Capitalists: Complementarity Versus Substitution, Financing Sequence, and Relative Value Addition to Entrepreneurial Firms

Number of pages: 1 Posted: 11 Jan 2022 Last Revised: 19 Jan 2022
Thomas J. Chemmanur, Harshit Rajaiya and Jiajie Xu
Boston College - Carroll School of Management, University of Ottawa - Telfer School of Management and University of Iowa - Henry B. Tippie College of Business
Downloads 270 (188,396)

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Angels; VCs; Successful Exit; Value Addition; Financing Sequence

61.

Transforming the Management and Governance of Private Family Firms Prior to Initial Public Offerings: The Role of Venture Capital

NBER 2015 Entrepreneurship Working Group Meeting Paper
Number of pages: 76 Posted: 21 Aug 2015 Last Revised: 29 Jan 2020
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 267 (190,522)

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Private Family Firms; Initial Public Offerings; Corporate Governance; Venture Capital; Top Management Changes

62.

Institutional Trading, Information Production, and Forced CEO Turnovers

Journal of Corporate Finance, 2021
Number of pages: 56 Posted: 15 Aug 2013 Last Revised: 09 Sep 2021
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 University of Macau, Faculty of Business Administration, Department of Finance and Business Economics
Downloads 267 (190,522)

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Corporate Governance; CEO Turnover; Institutional Trading; Information Production

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 - Alvarez College of Business, Boston College - Carroll School of Management and University of Kentucky - Gatton College of Business and Economics
Downloads 194 (257,803)
Citation 2

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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 - Alvarez College of Business and University of Kentucky - Gatton College of Business and Economics
Downloads 64 (575,098)

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heterogeneous beliefs, management of innovation, equity carve-outs

64.

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

Number of pages: 82 Posted: 23 Jun 2016 Last Revised: 19 Jun 2023
Onur Bayar, Thomas J. Chemmanur and Mark H. Liu
University of Texas at San Antonio - Alvarez College of Business, Boston College - Carroll School of Management and University of Kentucky - Gatton College of Business and Economics
Downloads 253 (201,061)
Citation 2

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

65.

Seasoned Equity Offerings, Limited Investor Attention, and Post-Announcement Drift: Theory and Evidence

Number of pages: 67 Posted: 12 Feb 2020 Last Revised: 02 Jan 2023
Thomas J. Chemmanur, Karen Simonyan, Yu (Yvonne) Wang and Xiang Zheng
Boston College - Carroll School of Management, Suffolk University - Department of Finance, University of Arkansas - Department of Finance and University of Connecticut - Department of Finance
Downloads 252 (201,866)
Citation 1

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Seasoned Equity Offerings, Limited Attention, Announcement Effect, Post-announcement Drift

66.

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 250 (203,460)
Citation 3

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International finance, LBO, private equity, open sky agreement

67.

The Role of Institutional Investors in Corporate and Entrepreneurial Finance

Journal of Corporate Finance, Forthcoming
Number of pages: 11 Posted: 20 Jan 2021
Thomas J. Chemmanur, Gang Hu and K.C. John Wei
Boston College - Carroll School of Management, Hong Kong Polytechnic University - School of Accounting and Finance and Hong Kong Polytechnic University
Downloads 228 (222,466)
Citation 2

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Institutional Investor, Corporate Finance, Trading, Abel Noser Data

68.

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 228 (223,396)
Citation 2

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Dividend Smoothing, Comparative Study, Hong Kong

69.

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 227 (223,396)

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Trade Credit; Analyst Coverage; Information Production; Asymmetric Information

70.

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

Number of pages: 68 Posted: 03 Dec 2018 Last Revised: 22 Aug 2022
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 University of Connecticut - Department of Finance
Downloads 220 (231,130)
Citation 1

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

71.

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 - Alvarez College of Business, Boston College - Carroll School of Management and University of Kentucky - Gatton College of Business and Economics
Downloads 212 (238,148)
Citation 2

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

72.

Implementing Infrastructure Projects using Public-Private Partnerships and Limited-Recourse Project Financing: An Analysis of Financial and Contractual Structure

Number of pages: 67 Posted: 17 Jun 2016 Last Revised: 21 Jul 2020
Sanjay Banerji, Onur Bayar and Thomas J. Chemmanur
University of Nottingham, University of Texas at San Antonio - Alvarez College of Business and Boston College - Carroll School of Management
Downloads 200 (251,332)
Citation 4

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Infrastructure finance, Capital structure, Ownership structure, Build-operate-transfer, Build-operate-own, Performance guarantees, Limited-recourse project financing.

Institutional Trading, Information Production, and Corporate Spin-Offs

Number of pages: 52 Posted: 25 Mar 2008
Thomas J. Chemmanur, Shan He and Shan He
Boston College - Carroll School of Management and Louisiana State UniversityOregon State University
Downloads 95 (454,096)
Citation 3

Abstract:

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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, Shan He and Shan He
Boston College - Carroll School of Management and Louisiana State UniversityOregon State University
Downloads 82 (498,761)

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

74.

Trademarks in Entrepreneurial Firm Success: Empirical Evidence from Venture Backed Private Firms and Initial Public Offerings

PBCSF-NIFR Research Paper, Proceedings of Paris December 2020 Finance Meeting EUROFIDAI - ESSEC
Number of pages: 81 Posted: 14 Oct 2020
Thomas J. Chemmanur, Harshit Rajaiya, Xuan Tian and Qianqian Yu
Boston College - Carroll School of Management, University of Ottawa - Telfer School of Management, Tsinghua University - PBC School of Finance and Lehigh University
Downloads 176 (281,464)
Citation 1

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75.

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 - Alvarez College of Business, Boston College - Carroll School of Management and University of North Carolina Kenan-Flagler Business School
Downloads 174 (284,335)
Citation 1

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

76.

Can Mergers and Acquisitions Internalize Positive Externalities in Funding Innovation?

Number of pages: 43 Posted: 05 Mar 2020
Thomas J. Chemmanur, Ang Li and Mark H. Liu
Boston College - Carroll School of Management, Lingnan University and University of Kentucky - Gatton College of Business and Economics
Downloads 151 (320,461)

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patents, innovation, mergers and acquisitions, synergy, technological class

77.

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 134 (352,213)
Citation 1

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

78.

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

Journal of Corporate Finance, Forthcoming
Number of pages: 56 Posted: 17 Aug 2018 Last Revised: 18 Nov 2020
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 University of Connecticut - Department of Finance
Downloads 130 (360,417)
Citation 1

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

79.

Product Cannibalization, Corporate Restructuring, and Innovation: A Theory of How Existing Product Lines Affect Firms’ Innovation and Commercialization Incentives

Number of pages: 55 Posted: 11 Jan 2020 Last Revised: 04 Jan 2023
Onur Bayar, Thomas J. Chemmanur and Qing Ma
University of Texas at San Antonio - Alvarez College of Business, Boston College - Carroll School of Management and University of Nottingham-Nottingham University Business School
Downloads 125 (371,081)
Citation 3

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Innovation; Spin-offs; Asset sales; Product cannibalization; Commercialization

80.

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 125 (371,081)
Citation 2

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Seasoned Equity Offerings, Management Quality, Asymmetric Information

81.

A Model of the Editorial Process in Academic Journals

Research Policy, Vol. 50, No. 9, 2021
Number of pages: 65 Posted: 15 Mar 2012 Last Revised: 10 Aug 2021
Onur Bayar and Thomas J. Chemmanur
University of Texas at San Antonio - Alvarez College of Business and Boston College - Carroll School of Management
Downloads 105 (421,024)
Citation 1

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

82.

The Geography of Institutional Investors, Information Sharing among Institutions, and Initial Public Offerings

Number of pages: 64 Posted: 23 May 2022
Thomas J. Chemmanur, Jiekun Huang, Jing Xie and Yuyuan (Anthony) Zhu
Boston College - Carroll School of Management, University of Illinois at Urbana-Champaign - Department of Finance, University of Macau, Faculty of Business Administration, Department of Finance and Business Economics and T. Rowe Price
Downloads 84 (486,765)

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Initial Public Offerings, Institutional Investors, Information Production, Geography

83.

Incentives, Clienteles, and Information Production: New Evidence from Investor-paid and Issuer-Paid Agency Credit Ratings and Equity Analyst Recommendations

Number of pages: 42 Posted: 08 Feb 2020
Thomas J. Chemmanur, Igor Karagodsky and Francesca Toscano
Boston College - Carroll School of Management, Analysis Group, Inc. and Wayne State University - Mike Ilitch School of Business
Downloads 81 (497,357)

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Equity Analysts, Issuer-paid Credit Rating Agencies, Investor-paid Credit Rating Agencies

The Effect of Salience on the Equity Market Reaction to Innovation Announcements: Theory and Evidence from Patent Grants and FDA Drug Approvals

Number of pages: 57 Posted: 02 Aug 2023
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, The Chinese University of Hong Kong (CUHK) - CUHK Business School and University of Arkansas - Department of Finance
Downloads 34 (764,797)

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Salience, Investor Attention, Patent Grant Announcements, FDA Drug Approvals, Post-Announcement Stock Return Drift

The Effect of Salience on the Equity Market Reaction to Innovation Announcements: Theory and Evidence from Patent Grants and Fda Drug Approvals

Number of pages: 57 Posted: 17 Aug 2023
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, The Chinese University of Hong Kong (CUHK) - CUHK Business School and University of Arkansas - Department of Finance
Downloads 6 (1,044,659)

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Salience, Investor Attention, Patent Grant Announcements, FDA Drug Approvals, Post-Announcement Stock Return Drift

85.

Keeping up with the Joneses: Corporate Dividends and Common Institutional Blockholders

2022 FMA(US) Annual Conference
Number of pages: 55 Posted: 15 Aug 2022 Last Revised: 12 Sep 2023
Thomas J. Chemmanur, Zeyu Sun and Jing Xie
Boston College - Carroll School of Management, Capital University of Economics and Business and University of Macau, Faculty of Business Administration, Department of Finance and Business Economics
Downloads 40 (695,646)
Citation 1

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dividend policy, peer effects, common institutional blockholders, shareholder voting, dividend clienteles

86.

Credit Rating, Reputation Spill-Overs, and Debt Contract Structure: A New Rationale for Limited-Recourse Project Financing

Number of pages: 48 Posted: 06 Dec 2021
Onur Bayar, Thomas J. Chemmanur and Qing Ma
University of Texas at San Antonio - Alvarez College of Business, Boston College - Carroll School of Management and University of Nottingham-Nottingham University Business School
Downloads 40 (695,646)

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Debt structure, Limited-recourse project financing, Credit market reputation, Credit rating.

Unlocking Strategic Alliances: The Role of Common Institutional Blockholders in Promoting Collaboration and Trust

Number of pages: 58 Posted: 25 Jul 2023
Thomas J. Chemmanur, Yao Shen and Jing Xie
Boston College - Carroll School of Management, City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance and University of Macau, Faculty of Business Administration, Department of Finance and Business Economics
Downloads 15 (927,990)

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Common Institutional Blockholders, Strategic Alliances, corporate innovation

Unlocking Strategic Alliances: The Role of Common Institutional Blockholders in Promoting Collaboration and Trust

Number of pages: 52 Posted: 21 Jul 2023
Thomas J. Chemmanur, Yao Shen and Jing Xie
Boston College - Carroll School of Management, City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance and University of Macau, Faculty of Business Administration, Department of Finance and Business Economics
Downloads 9 (990,066)

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Common Institutional Blockholders, Strategic Alliances, Corporate Innovation

88.

How do Investors’ Capital Gains Tax Rates Affect Equity Offering Prices? Evidence from Private Investments in Public Equity

Number of pages: 50 Posted: 14 Sep 2023
Thomas J. Chemmanur, Agnes Cheng, Zhi Li and Jing Xie
Boston College - Carroll School of Management, Hong Kong Polytechnic University, Southwestern University of Finance and Economics and University of Macau, Faculty of Business Administration, Department of Finance and Business Economics
Downloads 16 (887,307)

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Tax capitalization; PIPEs; Equity offerings; Private Placements; Capital gains taxes

89.

The Dynamics of Entrepreneurial Firm Exit Choice and the IPO Valuation Premium: Theory and Evidence

Posted: 07 Jun 2023
University of Texas at San Antonio - Alvarez College of Business, Boston College - Carroll School of Management, University of Surrey - Surrey Business School and University of Glasgow

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Private firm exits, Initial public offerings (IPOs), Acquisitions, IPO valuation premium dynamics, Decline in IPOs

90.

The Entrepreneurial Finance of Fintech Firms and the Effect of Investments in Fintech Startups on the Performance of Corporate Investors

Posted: 08 May 2023
Thomas J. Chemmanur, Michael B. Imerman, Harshit Rajaiya and Qianqian Yu
Boston College - Carroll School of Management, University of California, Irvine - Paul Merage School of Business, University of Ottawa - Telfer School of Management and Lehigh University

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FinTech startups; Corporate Investors; Synergy; Performance

91.

Product Market Competition, Import Penetration, and Local U.S. Banks: Evidence from the Natural Experiment of China’s WTO Entry

Posted: 28 Dec 2022 Last Revised: 14 Aug 2023
Samar Ashour, Thomas J. Chemmanur, Xi Li and Jiajie Xu
University of Arkansas, Boston College - Carroll School of Management, University of Arkansas - Department of Finance and University of Iowa - Henry B. Tippie College of Business

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Product market competition; China’s WTO entry; Local bank performance; Local bank market structure; Loan growth and pricing; Local U.S. banks

92.

The Effect of Student Loans on Entrepreneurial Firm Risk-taking, Performance, and Access to Venture Capital with Implications for the Biden Administration’s Student Loan Forgiveness Program

Posted: 14 Nov 2022 Last Revised: 30 Jan 2023
Thomas J. Chemmanur, Karthik Krishnan, Harshit Rajaiya and Pinshuo Wang
Boston College - Carroll School of Management, Northeastern University, University of Ottawa - Telfer School of Management and University of South Florida
Downloads 0 (1,028,065)
Citation 1

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no-loan Financial Aid Policy; Entrepreneurial Risk-Taking; Student Entrepreneurship; Venture Capital Access

93.

Environmental Regulation, State Ownership, and Corporate Green Investment: Evidence from China’s 2015 Environmental Protection Law Revisions

Posted: 20 Jan 2021
Thomas J. Chemmanur, Bo Cheng, Zi-Tian Wang and Qianqian Yu
Boston College - Carroll School of Management, Nanjing Audit University, Southwestern University of Finance and Economics and Lehigh University

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private versus public ownership; green investment; environmental regulation; market valuation; air quality

94.

Stock Market Liberalization and Corporate Social Responsibility: Evidence From a Quasi-Natural Experiment in China

Posted: 20 Jan 2021 Last Revised: 31 May 2022
Boston College - Carroll School of Management, Wuhan University, Sun Yat-sen University, Memorial University and Southwestern University of Finance and Economics

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stock market liberalization; corporate social responsibility (CSR); firm value; labor productivity; environmental effects

95.

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

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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96.

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

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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97.

A Theory of the Going-Public Decision

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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98.

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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99.

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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100.

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 (5)

Total Downloads: 1,769
1.

Why do Firms Undertake Accelerated Share Repurchase Programs?

Forthcoming, Review of Corporate Finance
Number of pages: 52 Posted: 26 Mar 2008 Last Revised: 02 Mar 2022
Thomas J. Chemmanur, Yingmei Cheng, Yuxin Wu and Tianming Zhang
Boston College - Carroll School of Management, Florida State University - College of Business, Boston College and Florida State University - Department of Accounting
Downloads 836

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Accelerated Stock Repurchase (ASR), Open Market Stock Repurchase (OMR), Signalling, Undervaluation, EPS Manipulation

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 407 (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 304

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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 213 (156,805)

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Management Quality, Initial Public Offerings, Venture Capital

5.

Investor Capital Gains Tax Rates and Equity Offering Prices: Evidence from Private Investments in Public Equity

2017 Asian Finance Association (AsianFA) Conference; 2017 Financial Management Association Conference
Number of pages: 50 Posted: 31 Jan 2017 Last Revised: 21 Aug 2023
Thomas J. Chemmanur, Agnes Cheng, Zhi Li and Jing Xie
Boston College - Carroll School of Management, Hong Kong Polytechnic University, Southwestern University of Finance and Economics and University of Macau, Faculty of Business Administration, Department of Finance and Business Economics
Downloads 9 (865,599)

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Tax capitalization; PIPEs; Equity offerings; Private Placements; Capital gains taxes