Michael J. Schill

University of Virginia - Darden School of Business

Professor

P.O. Box 6550

Charlottesville, VA 22906-6550

United States

http://www.darden.virginia.edu/faculty/schill.htm

SCHOLARLY PAPERS

89

DOWNLOADS
Rank 672

SSRN RANKINGS

Top 672

in Total Papers Downloads

58,142

SSRN CITATIONS
Rank 2,396

SSRN RANKINGS

Top 2,396

in Total Papers Citations

591

CROSSREF CITATIONS

133

Scholarly Papers (89)

Methods of Valuation for Mergers and Acquisitions

Darden Case No. UVA-F-1274
Number of pages: 18 Posted: 21 Oct 2008 Last Revised: 10 Nov 2021
Michael J. Schill, Susan Chaplinsky and Paul Doherty
University of Virginia - Darden School of Business, University of Virginia - Darden School of Business and affiliation not provided to SSRN
Downloads 6,549 (2,109)
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mergers and acquisitions, valuation

Methods of Valuation for Mergers and Acquisitions

Darden Case No. UVA-F-1274
Number of pages: 18 Posted: 21 Oct 2008 Last Revised: 10 Nov 2021
Michael J. Schill, Susan Chaplinsky and Paul Doherty
University of Virginia - Darden School of Business, University of Virginia - Darden School of Business and affiliation not provided to SSRN
Downloads 334 (165,349)
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mergers and acquisitions, valuation

2.

Jetblue Airways IPO Valuation

Darden Case No. UVA-F-1415
Number of pages: 19 Posted: 21 Oct 2008 Last Revised: 10 Nov 2021
Michael J. Schill, John M. Owen, Garth Monroe and Cheng Cui
University of Virginia - Darden School of Business, University of Virginia, University of Virginia - Darden School of Business and University of Virginia - Darden School of Business
Downloads 5,452 (2,911)
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corporate valuation, IPO underpricing

3.

Asset Growth and the Cross-Section of Stock Returns

AFA 2007 Chicago Meetings Paper
Number of pages: 54 Posted: 26 Jul 2005
Michael J. Cooper, Huseyin Gulen and Michael J. Schill
University of Utah - David Eccles School of Business, Mitchell E. Daniels, Jr School of Business, Purdue University and University of Virginia - Darden School of Business
Downloads 4,836 (3,601)
Citation 348

Abstract:

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Firm asset growth, stock returns, market efficiency

4.
Downloads 3,979 ( 4,986)
Citation 3

The Asset Growth Effect in Stock Returns

Darden Business School Working Paper No. 1335524
Number of pages: 22 Posted: 31 Jan 2009
Michael J. Cooper, Huseyin Gulen and Michael J. Schill
University of Utah - David Eccles School of Business, Mitchell E. Daniels, Jr School of Business, Purdue University and University of Virginia - Darden School of Business
Downloads 3,979 (4,889)
Citation 3

Abstract:

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Asset growth, Cross-section of stock returns

The Asset Growth Effect in Stock Returns

Journal of Investment Management, Third Quarter, 2010
Posted: 26 Oct 2010
Michael J. Cooper, Huseyin Gulen and Michael J. Schill
University of Utah - David Eccles School of Business, Mitchell E. Daniels, Jr School of Business, Purdue University and University of Virginia - Darden School of Business

Abstract:

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Balance sheet growth, investment, anomalies

5.

Rosetta Stone, Inc.: Pricing the 2009 IPO

Darden Business School Working Paper No. 2026599
Number of pages: 23 Posted: 22 Mar 2012
Michael J. Schill
University of Virginia - Darden School of Business
Downloads 3,946 (5,043)

Abstract:

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IPO Valuation Case

6.

The Illusory Nature of Momentum Profits

Number of pages: 48 Posted: 29 May 2003
David A. Lesmond, Michael J. Schill and Chunsheng Zhou
Tulane University - A.B. Freeman School of Business, University of Virginia - Darden School of Business and Peking University - Guanghua School of Management - Finance
Downloads 2,223 (12,747)
Citation 54

Abstract:

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Trading Strategies, Momentum, Transaction Costs

7.
Downloads 1,996 (15,123)

California Pizza Kitchen

Darden Business Publishing No. UVA-F-1553
Number of pages: 15 Posted: 12 Aug 2008
Michael J. Schill
University of Virginia - Darden School of Business
Downloads 1,330 (27,659)

Abstract:

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Business case, Capital structure, Debt policy, Tax shields

California Pizza Kitchen

Darden Case No. UVA-F-1553
Number of pages: 16 Posted: 14 Jun 2009 Last Revised: 10 Nov 2021
Michael J. Schill and Elizabeth Shumadine
University of Virginia - Darden School of Business and University of Virginia - Darden School of Business
Downloads 666 (72,378)
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capital structure, debt policy, tax shields

8.

The Overseas Listing Decision: New Evidence of Proximity Preference

Review of Financial Studies, 2004, 17(3), 769-809, Darden Business School Working Paper No. 03-07
Number of pages: 57 Posted: 29 May 2003 Last Revised: 13 Nov 2012
Sergei Sarkissian and Michael J. Schill
McGill University and University of Virginia - Darden School of Business
Downloads 1,877 (16,619)
Citation 48

Abstract:

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Cross-listings, Familiarity Bias, Diversification

Pricing an Emerging Industry: Evidence from Internet Subsidiary Carve-Outs

Number of pages: 48 Posted: 02 Dec 1999
Michael J. Schill and Chunsheng Zhou
University of Virginia - Darden School of Business and Peking University - Guanghua School of Management - Finance
Downloads 1,791 (17,609)
Citation 13

Abstract:

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Pricing an Emerging Industry: Evidence from Internet Subsidiary Carve-Outs

Financial Management, Vol. 30, Iss. 3, Autumn 2001
Posted: 14 Feb 2002
Michael J. Schill and Chunsheng Zhou
University of Virginia - Darden School of Business and Peking University - Guanghua School of Management - Finance

Abstract:

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10.
Downloads 1,659 (20,183)
Citation 1

Roche Holding AG: Funding the Genentech Acquisition

Darden Business School Working Paper No. 2026615
Number of pages: 18 Posted: 22 Mar 2012
Michael J. Schill
University of Virginia - Darden School of Business
Downloads 1,652 (19,964)
Citation 1

Abstract:

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Cost of Debt, Risk Premium, Credit Risk, Bond Valuation

Roche Holding Ag: Funding the Genentech Acquisition

Darden Case No. UVA-F-1645
Number of pages: 16 Posted: 30 May 2017 Last Revised: 10 Nov 2021
Michael J. Schill, Brett Durick and Drew Chambers
University of Virginia - Darden School of Business, affiliation not provided to SSRN and affiliation not provided to SSRN
Downloads 7 (1,108,893)
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cost of debt, risk premium, bond math, credit ratings, default risk

Asset Pricing When Returns are Nonnormal: Fama-French Factors vs. Higher-Order Systematic Co-Moments

Number of pages: 27 Posted: 16 Feb 2004
Y. Peter Chung, Herb Johnson and Michael J. Schill
University of California at Riverside, University of California, Riverside (UCR) - Department of Finance and Management Science and University of Virginia - Darden School of Business
Downloads 960 (44,280)

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Asset Pricing When Returns are Nonnormal: Fama-French Factors vs. Higher-Order Systematic Co-Moments

Number of pages: 23 Posted: 17 May 2001
Y. Peter Chung, Herb Johnson and Michael J. Schill
University of California at Riverside, University of California, Riverside (UCR) - Department of Finance and Management Science and University of Virginia - Darden School of Business
Downloads 631 (77,503)
Citation 25

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12.
Downloads 1,407 (25,939)
Citation 26

On the Scope and Drivers of the Asset Growth Effect

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming, Darden Business School Working Paper No. 1341298
Number of pages: 68 Posted: 12 Feb 2009 Last Revised: 09 Jan 2020
Marc L. Lipson, Sandra Mortal and Michael J. Schill
University of Virginia - Darden School of Business, University of Alabama - Culverhouse College of Commerce & Business Administration and University of Virginia - Darden School of Business
Downloads 760 (60,935)
Citation 17

Abstract:

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Investment; Stock returns; Arbitrage costs; Market efficiency

What Explains the Asset Growth Effect in Stock Returns?

Number of pages: 46 Posted: 23 Mar 2009
Marc L. Lipson, Sandra Mortal and Michael J. Schill
University of Virginia - Darden School of Business, University of Alabama - Culverhouse College of Commerce & Business Administration and University of Virginia - Darden School of Business
Downloads 647 (75,103)
Citation 5

Abstract:

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Arbitrage risk, Asset Growth, Mispricing, Transaction costs, Holding costs

13.

Flinder Valves and Controls Inc

Darden Case No. UVA-F-1573
Number of pages: 18 Posted: 14 Jun 2009
Michael J. Schill
University of Virginia - Darden School of Business
Downloads 1,368 (27,027)
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merger valuation, negotiation exercise

14.

Value Line Publishing, October 2002

Darden Case No. UVA-F-1403
Number of pages: 14 Posted: 21 Oct 2008
Michael J. Schill and Robert F. Bruner
University of Virginia - Darden School of Business and University of Virginia - Darden School of Business
Downloads 1,324 (28,322)
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financial ratios, financial-statement analysis, forecasting, investment security analysis, sensitivity

15.

Ebay Inc.

Number of pages: 35 Posted: 30 Apr 1999
Jason Burnett and Michael J. Schill
University of California, Riverside (UCR) and University of Virginia - Darden School of Business
Downloads 1,302 (29,054)

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16.
Downloads 1,196 (32,910)

Ben & Jerry's Homemade

Darden Case No. UVA-F-1364
Number of pages: 14 Posted: 21 Oct 2008
Michael J. Schill
University of Virginia - Darden School of Business
Downloads 929 (46,318)
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takeovers, corporate objectives, asset control, corporate valuation, multiples

Ben & Jerry's Homemade

Darden Case No. UVA-F-1364
Number of pages: 14 Posted: 21 Oct 2008
Michael J. Schill
University of Virginia - Darden School of Business
Downloads 267 (209,169)
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takeovers, corporate objectives, asset control, corporate valuation, multiples

17.

Are There Permanent Valuation Gains to Overseas Listings?

Darden School of Business Working Paper No. 03-03
Number of pages: 51 Posted: 02 Aug 2004 Last Revised: 10 Oct 2007
Sergei Sarkissian and Michael J. Schill
McGill University and University of Virginia - Darden School of Business
Downloads 1,167 (34,075)
Citation 9

Abstract:

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Overseas Listing, International Cost of Capital, Cross Listing

18.
Downloads 1,117 (36,217)

Carrefour S.A

Darden Case No. UVA-F-1470
Number of pages: 12 Posted: 21 Oct 2008
Michael J. Schill
University of Virginia - Darden School of Business
Downloads 774 (59,501)
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debt policy, interest rates, international finance

Carrefour S.A

Darden Case No. UVA-F-1470
Number of pages: 12 Posted: 21 Oct 2008
Michael J. Schill
University of Virginia - Darden School of Business
Downloads 343 (160,657)
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debt policy, interest rates, international finance

19.

Cross-Listing Waves

Journal of Financial and Quantitative Analysis, 2016, 51(1), 259-306.
Number of pages: 70 Posted: 22 Aug 2008 Last Revised: 05 Jun 2017
Sergei Sarkissian and Michael J. Schill
McGill University and University of Virginia - Darden School of Business
Downloads 1,073 (38,392)
Citation 22

Abstract:

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Firm valuation; Market competitiveness; Stock exchanges; Trade flows

Darden Capital Management—The Monticello Fund

Darden Case No. UVA-F-1464
Number of pages: 10 Posted: 21 Oct 2008
Michael J. Schill
University of Virginia - Darden School of Business
Downloads 571 (88,000)
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Capital asset pricing model (CAPM), portfolio allocation, cost of capital, investments, risk and return

Darden Capital Management—The Monticello Fund

Darden Case No. UVA-F-1464
Number of pages: 10 Posted: 21 Oct 2008
Michael J. Schill
University of Virginia - Darden School of Business
Downloads 278 (200,797)
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Capital asset pricing model (CAPM), portfolio allocation, cost of capital, investments, risk and return

21.

An Introduction to Technical Analysis

Darden Case No. UVA-F-1547
Number of pages: 10 Posted: 14 Jun 2009
Michael J. Schill and Yosuke Wada
University of Virginia - Darden School of Business and University of Virginia - Darden School of Business
Downloads 811 (56,647)
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Technical trading, charting

22.

Long-Run Seasoned Equity Offering Returns: Data Snooping, Model Misspecification, or Mispricing? A Costly Arbitrage Approach

Number of pages: 34 Posted: 10 Jul 2002
Jeffrey Pontiff and Michael J. Schill
Boston College - Department of Finance and University of Virginia - Darden School of Business
Downloads 734 (64,843)
Citation 19

Abstract:

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Seaoned equity offerings, arbitrage costs

23.
Downloads 723 (66,068)
Citation 11

Do Firms Believe in Interest Rate Parity?

AFA 2006 Boston Meetings Paper
Number of pages: 33 Posted: 24 Feb 2005 Last Revised: 09 Jun 2011
Matthew R. McBrady, Sandra Mortal and Michael J. Schill
University of Virginia - Darden School of Business, University of Alabama - Culverhouse College of Commerce & Business Administration and University of Virginia - Darden School of Business
Downloads 451 (117,454)
Citation 2

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Interest rate parity, international bonds, currency timing, opportunistic financing

Do Firms Believe in Interest Rate Parity?

Review of Finance, Forthcoming
Number of pages: 45 Posted: 08 Mar 2008 Last Revised: 18 Aug 2010
Matthew R. McBrady, Sandra Mortal and Michael J. Schill
University of Virginia - Darden School of Business, University of Alabama - Culverhouse College of Commerce & Business Administration and University of Virginia - Darden School of Business
Downloads 272 (205,325)
Citation 1

Abstract:

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Corporate borrowing, interest rate parity

24.

Business Performance Evaluation: Approaches for Thoughtful Forecasting

Darden Case No. UVA-F-1490
Number of pages: 18 Posted: 21 Oct 2008
Michael J. Schill
University of Virginia - Darden School of Business
Downloads 659 (74,352)
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financial forecasting, financial ratios, financial modeling, optimism, overconfidence

25.

Bob's Baloney

Darden Case No. UVA-F-1942
Number of pages: 4 Posted: 03 Sep 2020
Michael J. Schill
University of Virginia - Darden School of Business
Downloads 617 (80,764)
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stakeholder, financial analysis, financial ratio, financial performance evaluation, DuPont return decomposition, return on assets, ROA, profit margin, asset turnover, forecasting, weighted average cost of capital, WACC, brand, corporate governance, investor, asset investment, net working capital

26.

Nelson Nurseries

Darden Case No. UVA-F-1944
Number of pages: 4 Posted: 09 Sep 2020
Michael J. Schill
University of Virginia - Darden School of Business
Downloads 548 (93,784)
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cash flow, working capital, free cash flow, financial analysis, cash cycle, financial modeling, forecasting, firm growth

27.

Emi Group Plc

Darden Case No. UVA-F-1552
Number of pages: 19 Posted: 14 Jun 2009
Michael J. Schill and Elizabeth Shumadine
University of Virginia - Darden School of Business and University of Virginia - Darden School of Business
Downloads 516 (101,060)
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Abstract:

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dividend policy

28.

Ebay, Inc. (A)

Darden Case No. UVA-F-1357
Number of pages: 15 Posted: 21 Oct 2008
Michael J. Schill and Jason Burnett
University of Virginia - Darden School of Business and University of Virginia - Darden School of Business
Downloads 434 (124,265)
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internet, valuation, initial public offering

29.

Cross-Listings and the Dynamics between Credit and Equity Returns

Darden Business School Working Paper No. 2660829
Number of pages: 92 Posted: 16 Sep 2015 Last Revised: 26 Sep 2019
McGill UniversityMcGill University, Desautels Faculty of Management, University of Lethbridge - Dhillon School of Business, McGill University and University of Virginia - Darden School of Business
Downloads 433 (124,613)
Citation 11

Abstract:

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Investor recognition, Limits to arbitrage, Return co-movement, Risk premium

Are Acquisitions Unique? Evidence of the Pedestrian Nature of Post-Merger Returns

Number of pages: 41 Posted: 15 Mar 2010 Last Revised: 09 Jan 2020
Sandra Mortal and Michael J. Schill
University of Alabama - Culverhouse College of Commerce & Business Administration and University of Virginia - Darden School of Business
Downloads 244 (228,941)
Citation 5

Abstract:

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takeover returns, asset growth, long-run returns

The Post-Deal Returns of Acquiring Firms: Evidence of an Investment-based Explanation

Number of pages: 43 Posted: 16 Mar 2011 Last Revised: 07 Jun 2013
Sandra Mortal and Michael J. Schill
University of Alabama - Culverhouse College of Commerce & Business Administration and University of Virginia - Darden School of Business
Downloads 152 (352,693)

Abstract:

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Takeovers, firm valuation, market efficiency, asset growth

31.

Asset Price Bubbles

Darden Case No. UVA-F-1919
Number of pages: 15 Posted: 03 Sep 2020
Robert F. Bruner and Michael J. Schill
University of Virginia - Darden School of Business and University of Virginia - Darden School of Business
Downloads 395 (138,466)
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asset price bubble, Bitcoin, fundamental value, efficient market, investment, stock market, 2008, crash, hot market, speculation, backward induction, short sale, bias, arbitrage, trading

32.

Sailing in Rough Water: Market Volatility and Corporate Finance

Number of pages: 37 Posted: 28 May 2003
Michael J. Schill
University of Virginia - Darden School of Business
Downloads 393 (139,263)
Citation 11

Abstract:

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Equity Offerings, Market Volatility, Underwriting, Underpricing

33.

Calabash Community Hospital

Darden Case No. UVA-F-1946
Number of pages: 6 Posted: 13 Sep 2020 Last Revised: 21 Oct 2021
Michael J. Schill
University of Virginia - Darden School of Business
Downloads 372 (148,098)
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discounted cash flow, DCF, investment analysis, capital investment, incremental analysis, cash flow, scenario analysis, estimation uncertainty, nonprofit, not-for-profit, health care, hospital, DCF model, net present value, NPV

34.

The Nature of the Foreign Listing Premium: A Cross-Country Examination

Darden Business School Working Paper No. 1639848
Number of pages: 51 Posted: 16 Jul 2010 Last Revised: 04 Feb 2012
Sergei Sarkissian and Michael J. Schill
McGill University and University of Virginia - Darden School of Business
Downloads 371 (148,547)
Citation 4

Abstract:

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Cross listings, Firm valuation, Rule of law, Stock exchanges, Tobin’s Q

35.

Market and Regional Segmentation and Risk Premia in the First Era of Financial Globalization

Darden Business School Working Paper No. 2179088
Number of pages: 56 Posted: 23 Nov 2012 Last Revised: 21 Dec 2017
David Chambers, Sergei Sarkissian and Michael J. Schill
University of Cambridge - Judge Business School, McGill University and University of Virginia - Darden School of Business
Downloads 357 (155,008)
Citation 4

Abstract:

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Cross-listing; Economic geography; Market integration; Stock exchanges

36.
Downloads 357 (155,008)

Ebay, Inc. (B)

UVA-F-1358
Number of pages: 2 Posted: 21 Oct 2008
Michael J. Schill
University of Virginia - Darden School of Business
Downloads 258 (216,531)

Abstract:

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internet, valuation, initial public offering

Ebay, Inc. (B)

Darden Case No. UVA-F-1358
Number of pages: 2 Posted: 21 Oct 2008
Jason Burnett and Michael J. Schill
affiliation not provided to SSRN and University of Virginia - Darden School of Business
Downloads 99 (490,381)

Abstract:

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internet, valuation, initial public offering

37.

Ferrari: The 2015 Initial Public Offering

Darden Case No. UVA-F-1775
Number of pages: 20 Posted: 30 May 2017
Michael J. Schill and Jenny Craddock
University of Virginia - Darden School of Business and University of Virginia - Darden School of Business
Downloads 329 (169,318)
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firm valuation, market-multiples, discounted cash flow, IPO

38.

The Role of Firm Investment in Momentum and Reversal

Darden Business School Working Paper No. 2348316
Number of pages: 73 Posted: 04 Nov 2013 Last Revised: 10 Jul 2018
Sandra Mortal and Michael J. Schill
University of Alabama - Culverhouse College of Commerce & Business Administration and University of Virginia - Darden School of Business
Downloads 313 (178,443)
Citation 3

Abstract:

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Momentum, Return reversal, Asset Growth

39.

Foreign Currency Denominated Borrowing in the Absence of Operating Incentives

Darden Business School Working Paper No. 07-03
Number of pages: 56 Posted: 23 Aug 2006
Matthew R. McBrady and Michael J. Schill
University of Virginia - Darden School of Business and University of Virginia - Darden School of Business
Downloads 308 (181,500)
Citation 15

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Foreign debt, Interest rate parity, Timing, Foreign currency

40.

The Post-Acquisition Returns of Stock Deals: Evidence of the Pervasiveness of the Asset Growth Effect

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming, Darden Business School Working Paper No. 2189038
Number of pages: 64 Posted: 13 Dec 2012 Last Revised: 09 Jan 2020
Sandra Mortal and Michael J. Schill
University of Alabama - Culverhouse College of Commerce & Business Administration and University of Virginia - Darden School of Business
Downloads 290 (193,451)
Citation 5

Abstract:

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Takeovers, glamour deals, market efficiency, asset growth

41.

Financial Policies and Hedging

Number of pages: 57 Posted: 11 Jan 2011
George (Yiorgos) Allayannis and Michael J. Schill
University of Virginia - Darden School of Business and University of Virginia - Darden School of Business
Downloads 255 (220,196)
Citation 2

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Risk Management, Financial Policies, Hedging

A Primer on Valuing Simple Risk-Free Bonds

Darden Case No. UVA-F-1443
Number of pages: 6 Posted: 26 Feb 2020 Last Revised: 10 Nov 2021
Michael J. Schill
University of Virginia - Darden School of Business
Downloads 187 (294,141)
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futures, stock index, currency, valuation

A Primer on Valuing Simple Risk-Free Bonds

Darden Case No. UVA-F-1443
Number of pages: 6 Posted: 21 Oct 2008 Last Revised: 10 Nov 2021
Michael J. Schill
University of Virginia - Darden School of Business
Downloads 46 (748,698)
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futures, stock index, currency, valuation

43.

Credit Analysis Basics

Darden Case No. UVA-F-1898
Number of pages: 11 Posted: 01 Sep 2020
Michael J. Schill
University of Virginia - Darden School of Business
Downloads 216 (258,382)
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capital market, interest rates, credit risk, risk premium, credit analysis, Iceland, fishing, financial statement, income statement, financial modeling, loan, financing, five Cs, coverage ratio, debt-to-EBITDA ratio, bank loan, corporate bond, bond rating, investment bank, coupon rate, credit rating

44.

Bank of Tokyo

Darden Case No. UVA-F-1018
Number of pages: 24 Posted: 21 Oct 2008
Robert F. Bruner and Michael J. Schill
University of Virginia - Darden School of Business and University of Virginia - Darden School of Business
Downloads 195 (283,730)
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bank management bonds capital markets commercial banking diverse protagonist, Asian, option pricing, international case, diversity case, valuation, international

45.

Financial Theory Foundations

Darden Case No. UVA-F-1548
Number of pages: 4 Posted: 14 Jun 2009
Michael J. Schill
University of Virginia - Darden School of Business
Downloads 104 (470,631)
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Financial theory, agent rationality

46.

Conditional Market Timing with Benchmark Investors

NBER Working Paper No. w6434
Number of pages: 53 Posted: 01 Aug 2000 Last Revised: 01 Aug 2022
affiliation not provided to SSRN, University of Southern California, Northeastern Universityaffiliation not provided to SSRN and University of Virginia - Darden School of Business
Downloads 98 (490,123)
Citation 2

Abstract:

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47.

Business Valuation in Mergers and Acquisitions

Darden Case No. UVA-F-1699
Number of pages: 13 Posted: 30 May 2017
Michael J. Schill and Elena Loutskina
University of Virginia - Darden School of Business and University of Virginia - Darden School of Business
Downloads 96 (496,743)
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mergers and acquisitions, business valuation, discounted cash flow, comparable firm multiples

48.

Trade Credit

Darden Case No. UVA-F-1941
Number of pages: 8 Posted: 03 Sep 2020 Last Revised: 21 Oct 2021
Michael J. Schill
University of Virginia - Darden School of Business
Downloads 93 (507,024)
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accounts receivable, accounts payable, trade financing, working capital, diversity, female protagonist, Canada

Nonlinearities and a Pecking Order in Cross-border Investment

Number of pages: 48 Posted: 18 Nov 2021
University of Oklahoma - Michael F. Price College of Business, McGill University, University of Virginia - Darden School of Business and University of Virginia - Darden Business School
Downloads 32 (858,033)

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Capital flows, Capital controls, International investments, Market integration

Nonlinearities and a Pecking Order in Cross-Border Investment

Number of pages: 55 Posted: 30 Jul 2022
University of Virginia - Darden Business School, University of Oklahoma - Michael F. Price College of Business, McGill University and University of Virginia - Darden School of Business
Downloads 21 (962,522)

Abstract:

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international portfolio allocation

Nonlinearities and a Pecking Order in Cross-Border Investment

NBER Working Paper No. w29432
Number of pages: 71 Posted: 01 Nov 2021 Last Revised: 03 Jun 2023
University of Oklahoma - Michael F. Price College of Business, McGill University, University of Virginia - Darden School of Business and University of Virginia - Darden Business School
Downloads 8 (1,099,460)

Abstract:

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50.

The Profitability Index

Darden Case No. UVA-F-1945
Number of pages: 2 Posted: 12 Sep 2020 Last Revised: 10 Nov 2021
Michael J. Schill
University of Virginia - Darden School of Business
Downloads 54 (682,066)
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net present value, NPV, budget constraint, financial decision analysis, capital budgeting, profitability index

51.

Whole Foods Market: The Deutsche Bank Report

Darden Case No. UVA-F-1776
Number of pages: 13 Posted: 30 May 2017 Last Revised: 10 Nov 2021
Michael J. Schill and Chris Blankenship
University of Virginia - Darden School of Business and University of Virginia - Darden School of Business
Downloads 47 (724,909)
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Whole Foods, John Mackey, firm valuation, financial forecasting

52.

Tiffany & Co.: The LVMH Proposal

Darden Case No. UVA-F-2012
Number of pages: 26 Posted: 04 May 2022
Michael J. Schill and Caroline Saine
University of Virginia - Darden School of Business and Independent
Downloads 33 (825,919)
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negotiation, merger, M&A, merger negotiation, Tiffany, LVMH, pro forma, forecasting, uncertainty, valuation, ambiguity, multimedia application, discounted cash flow, DCF, comparable multiples, zone of potential agreement, ZOPA, discount rate, market multiple, luxury goods, cost of capital, financial model, synergy

53.

The Battle for Value, 2016: FedEx Corp. versus United Parcel Service, Inc.

Darden Case No. UVA-F-1773
Number of pages: 17 Posted: 12 Feb 2018
Michael J. Schill and Jenny Craddock
University of Virginia - Darden School of Business and University of Virginia - Darden School of Business
Downloads 23 (913,266)
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financial analysis, market performance, economic profit analysis, corporate strategy, competitive dynamics

54.

The Procter & Gamble Company: Investment in Crest Whitestrips Advanced Seal

Darden Case No. UVA-F-1670
Number of pages: 12 Posted: 30 May 2017 Last Revised: 10 Nov 2021
Michael J. Schill and Daniel Lentz
University of Virginia - Darden School of Business and University of Virginia - Darden School of Business
Downloads 21 (932,344)
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brand extension, trade margins, forecasting

55.

Horniman Horticulture

Darden Case No. UVA-F-1512
Number of pages: 4 Posted: 30 May 2017
Michael J. Schill
University of Virginia - Darden School of Business
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financial forecasting and modeling, working-capital management, trade credit, cash flow, growth

56.

Fonderia Del Piemonte S.P.A

Darden Case No. UVA-F-1764
Number of pages: 3 Posted: 30 May 2017
Robert F. Bruner and Michael J. Schill
University of Virginia - Darden School of Business and University of Virginia - Darden School of Business
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discounted cash flow (DCF) analysis, capital budgeting, real investment decisions, Italy, labor union, investment, hurdle rate, automation

57.

Royal Mail Plc: Cost of Capital

Darden Case No. UVA-F-1774
Number of pages: 12 Posted: 30 May 2017 Last Revised: 10 Nov 2021
Michael J. Schill
University of Virginia - Darden School of Business
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cost of capital, royal mail, weighted average cost of capital, WACC, cost of debt

58.

Business Valuation: Standard Approaches and Applications

Darden Case No. UVA-F-1684
Number of pages: 14 Posted: 30 May 2017 Last Revised: 10 Nov 2021
Michael J. Schill
University of Virginia - Darden School of Business
Downloads 18 (962,184)
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free cash flow, cost of capital, WACC, terminal value

59.

Carter International

Darden Case No. UVA-F-1771
Number of pages: 11 Posted: 30 May 2017
Michael J. Schill
University of Virginia - Darden School of Business
Downloads 14 (1,002,627)
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gaming industry, company acquisition

60.

Rosetta Stone: Pricing the 2009 IPO

Darden Case No. UVA-F-1613
Number of pages: 21 Posted: 30 May 2017
Michael J. Schill, Suprajj Papireddy, Tom Adams and Phil Clough
University of Virginia - Darden School of Business, University of Virginia - Darden School of Business, Rosetta Stone and University of Virginia - Darden School of Business
Downloads 14 (1,002,627)
Citation 1
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Initial public offering, corporate valuation, multiples

61.

M&M Pizza

Darden Case No. UVA-F-1691
Number of pages: 3 Posted: 30 May 2017
Michael J. Schill
University of Virginia - Darden School of Business
Downloads 11 (1,031,938)
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WACC, present value, capital structure, levered, cost of equity

62.

Chestnut Foods (a)

Darden Case No. UVA-F-1736
Number of pages: 9 Posted: 30 May 2017 Last Revised: 27 Dec 2021
Michael J. Schill and Donald Stevenson
University of Virginia - Darden School of Business and Gist Learning LLC
Downloads 9 (1,050,547)
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cost of capital, divisional hurdle rates, capital markets, WACC, weighted average cost of capital, CAPM, capital asset pricing model, capital budgeting

63.

Cavalier Hospital

Darden Case No. UVA-F-1696
Number of pages: 14 Posted: 30 May 2017
Michael J. Schill and Kenan Yount
University of Virginia - Darden School of Business and University of Virginia - Darden School of Business
Downloads 9 (1,050,547)
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financial analysis, health care finance

64.

Discounted Cash Flow Analysis

Darden Case No. UVA-F-1728
Number of pages: 1 Posted: 30 May 2017 Last Revised: 10 Nov 2021
Michael J. Schill
University of Virginia - Darden School of Business
Downloads 8 (1,059,372)
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discounted cash flow, investment analysis, net present value, free cash flow

65.

Guna Fibres, Ltd

Darden Case No. UVA-F-1687
Number of pages: 11 Posted: 30 May 2017
Michael J. Schill, Robert F. Bruner and Thien T. Pham
University of Virginia - Darden School of Business, University of Virginia - Darden School of Business and Independent
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cash flow, forecasting, inventory management

66.

Tiffany & Co.: The LVMH Proposal and LVMH: The Tiffany Acquisition Merger Negotiation Application (Simulation)

Darden Case No. UVA-F-2015
Number of pages: 1 Posted: 04 May 2022
Michael J. Schill
University of Virginia - Darden School of Business
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negotiation, merger, M&A, merger negotiation, Tiffany, LVMH, pro forma, forecasting, uncertainty, valuation, ambiguity, multimedia application, discounted cash flow, DCF, comparable multiples, zone of potential agreement, ZOPA, discount rate, market multiple, luxury goods, cost of capital, financial model, synergy

67.

American Greetings

Darden Case No. UVA-F-1693
Number of pages: 14 Posted: 30 May 2017
Michael J. Schill
University of Virginia - Darden School of Business
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firm valuation, discounted cash flow, market multiples[RETURN]

68.

Euroland Foods 2021

Darden Case No. UVA-F-2016
Number of pages: 11 Posted: 31 May 2022
Michael J. Schill, Robert F. Bruner and Casey Opitz
University of Virginia - Darden School of Business, University of Virginia - Darden School of Business and University of Virginia - Darden School of Business
Downloads 6 (1,076,172)
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resource allocation, company management, capital budgeting, capital rationing, capital investment, investment analysis, net present value, NPV, internal rate of return, IRR, risk-adjusted discount rate, profitability index, financial decision-making, company politics, payback criterion, equivalent annuity, cash flow, time value of money, risk assessment, strategy, role play

69.

Chestnut Foods (B)

Darden Case No. UVA-F-1974
Number of pages: 13 Posted: 20 Oct 2021
Michael J. Schill, Frank Briceno and Donald Stevenson
University of Virginia - Darden School of Business, Independent and Gist Learning LLC
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activist investor, risk-adjusted performance evaluation, cost of capital, hurdle rate, ratio analysis, forecasting, financial analysis, benchmarks, weighted average cost of capital, WACC

70.

Britannia Chemicals PLC (A): The Merseyside Project

Darden Case No. UVA-F-1906
Number of pages: 8 Posted: 23 Feb 2021 Last Revised: 04 May 2022
Robert F. Bruner and Michael J. Schill
University of Virginia - Darden School of Business and University of Virginia - Darden School of Business
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discounted cash flow, capital project, internal rate of return, earnings per share, activist investor, payback period, cannibalization, sunk costs, corporate overhead, terminal value, inflation, conflict of interest, DCF

71.

Mary Washington Pediatrics

Darden Case No. UVA-F-1877
Number of pages: 5 Posted: 31 Mar 2019
Michael J. Schill
University of Virginia - Darden School of Business
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firm valuation, discounted cash flow analysis, multiples, debt policy, health care management

72.

A Primer on Risk-Free Bonds

Darden Case No. UVA-F-1861
Number of pages: 13 Posted: 11 Feb 2019
Michael J. Schill and Ting Xu
University of Virginia - Darden School of Business and University of Toronto, Rotman School of Management
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law of one price, zero-coupon bonds, yield curve, effective annual rate, financial contracts

73.

Blackhawk Urology

Darden Case No. UVA-F-1507
Number of pages: 2 Posted: 30 May 2017
Michael J. Schill
University of Virginia - Darden School of Business
Downloads 5 (1,083,952)
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financial forecasting, cash flow, medical practice

74.

Carly's Car Clinic

Darden Case No. UVA-F-2007
Number of pages: 3 Posted: 08 Feb 2022
Michael J. Schill
University of Virginia - Darden School of Business
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optionality, option values, investment, capital budgeting decisions, net present value, NPV, decision tree

75.

Financial Management: An Introduction

Darden Case No. UVA-F-1742
Number of pages: 5 Posted: 30 May 2017
Michael J. Schill
University of Virginia - Darden School of Business
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corporate finance introduction, financial management, orientation, first-principles

76.

Ben & Jerry's Homemade: The Unilever Scoop

Darden Case No. UVA-F-1656
Number of pages: 6 Posted: 30 May 2017
Gerry Yemen, George (Yiorgos) Allayannis and Michael J. Schill
University of Virginia - Darden School of Business, University of Virginia - Darden School of Business and University of Virginia - Darden School of Business
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Stock price analysis, market reaction to corporate event, investment, investors, competitive position, value creation, capital allocation, corporate culture, post-merger integration

77.

An Introduction to Zero-Coupon Risk-Free Bonds

Darden Case No. UVA-F-1799
Number of pages: 3 Posted: 04 Aug 2017 Last Revised: 10 Nov 2021
Michael J. Schill
University of Virginia - Darden School of Business
Downloads 3 (1,098,756)
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bond math, time value of money, present value

78.

Management of Financial Policy Decisions: Capital Structure Policy

Darden Case No. UVA-F-1743
Number of pages: 17 Posted: 30 May 2017
Michael J. Schill
University of Virginia - Darden School of Business
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capital structure policy, debt financing, equity financing

79.

Understanding Risk: Systemic versus Idiosyncratic

Darden Case No. UVA-F-1973
Number of pages: 8 Posted: 22 Oct 2021
Michael J. Schill
University of Virginia - Darden School of Business
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systematic risk, idiosyncratic risk, portfolio theory, volatility, diversification, capital asset pricing model, CAPM

80.

Hilton: Tru to its Brand?

Darden Case No. UVA-F-1852
Number of pages: 10 Posted: 20 Oct 2018 Last Revised: 10 Nov 2021
Michael J. Schill and Gerry Yemen
University of Virginia - Darden School of Business and University of Virginia - Darden School of Business
Downloads 2 (1,105,998)
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hotel industry, branding, franchise, Hilton, consumer research, service industry, brand equity

81.

The Cost of Capital: Principles and Practice

Darden Case No. UVA-F-1710
Number of pages: 9 Posted: 30 May 2017 Last Revised: 10 Nov 2021
Michael J. Schill
University of Virginia - Darden School of Business
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weighted average cost of capital, WACC, cost of equity, discount rate, market risk premium

82.

The Misadventures of Daring Dave: Leverage and Investment Returns

Darden Case No. UVA-F-1686
Number of pages: 10 Posted: 30 May 2017
Michael J. Schill
University of Virginia - Darden School of Business
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leverage, margin, trading, liquidity

83.

Chestnut Foods (Russian)

Darden Case No. UVA-F-1999
Number of pages: 13 Posted: 21 Oct 2021 Last Revised: 10 Nov 2021
Michael J. Schill and Donald Stevenson
University of Virginia - Darden School of Business and Gist Learning LLC
Downloads 1 (1,113,708)
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cost of capital, divisional hurdle rates, capital markets, WACC, weighted average cost of capital, CAPM, capital asset pricing model, capital budgeting

84.

Guna Fibres, Ltd. (Russian)

Darden Case No. UVA-F-1998
Number of pages: 11 Posted: 21 Oct 2021 Last Revised: 10 Nov 2021
Michael J. Schill, Robert F. Bruner and Thien T. Pham
University of Virginia - Darden School of Business, University of Virginia - Darden School of Business and Independent
Downloads 1 (1,113,708)
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cash flow, forecasting, inventory management, international, India, working capital

85.

Gellibrand Partners

Darden Case No. UVA-F-1648
Number of pages: 1 Posted: 30 May 2017 Last Revised: 10 Nov 2021
Michael J. Schill
University of Virginia - Darden School of Business
Downloads 1 (1,113,708)
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bid-ask spread, market making, securities, informed traders, liquidity traders

86.

Braintree Momentum Equity Fund

Darden Case No. UVA-F-1619
Number of pages: 6 Posted: 30 May 2017
Michael J. Schill
University of Virginia - Darden School of Business
Downloads 1 (1,113,708)
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Momentum, Trading strategy, Weak form efficiency

87.

The Cost of Capital: Principles and Practice (Russian)

Darden Case No. UVA-F-2001
Number of pages: 12 Posted: 09 Mar 2022
Michael J. Schill
University of Virginia - Darden School of Business
Downloads 0 (1,122,226)
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weighted average cost of capital, WACC, cost of equity, discount rate, market risk premium

88.

Dazz Manufacturing Company

Darden Case No. UVA-OM-1503
Number of pages: 6 Posted: 01 Jun 2017
Elliott N. Weiss, Rebecca Goldberg and Michael J. Schill
University of Virginia - Darden School of Business, University of Virginia - Darden School of Business and University of Virginia - Darden School of Business
Downloads 0 (1,122,226)
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lean, setup reduction, production scheduling, discounted cash flow analysis

89.

Are There Permanent Valuation Gains to Overseas Listing?

The Review of Financial Studies, 2009, 22(1), 371-412
Posted: 03 Jan 2009 Last Revised: 29 Apr 2012
Sergei Sarkissian and Michael J. Schill
McGill University and University of Virginia - Darden School of Business

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G14, G15

Other Papers (1)

Total Downloads: 0
1.

Asset Growth and Stock Returns

Posted: 22 Mar 2005
Michael J. Cooper, Huseyin Gulen and Michael J. Schill
University of Utah - David Eccles School of Business, Mitchell E. Daniels, Jr School of Business, Purdue University and University of Virginia - Darden School of Business

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