Richard L. Smith

University of California, Riverside - Anderson Graduate School of Management

Department Head, Finance and Managment Science

Riverside, CA 92521

United States

http://www.agsm.ucr.edu/

SCHOLARLY PAPERS

28

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CITATIONS
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108

Scholarly Papers (28)

1.

Opportunity Cost of Capital for Venture Capitalists and Entrepreneurs

EFMA 2001 Lugano Meetings
Number of pages: 52 Posted: 17 Jun 2001
Francis J. Kerins, Janet Kiholm Smith and Richard L. Smith
Montana State University - Bozeman - College of Business, Claremont McKenna College - Robert Day School of Economics and Finance and University of California, Riverside - Anderson Graduate School of Management
Downloads 1,142 (13,189)
Citation 16

Abstract:

2.

Insider Reputation and Selling Decisions: The Unwinding of Venture Capital Investments During Equity IPOs

Number of pages: 41 Posted: 01 Feb 1997
Timothy H. Lin and Richard L. Smith
National Chung Cheng University - Department of Finance and University of California, Riverside - Anderson Graduate School of Management
Downloads 1,070 (14,649)
Citation 37

Abstract:

3.

Opportunity Cost of Capital for Venture Capital Investors and Entrepreneurs

Claremont Graduate University Working Paper
Number of pages: 56 Posted: 21 Apr 2003
Francis J. Kerins, Janet Kiholm Smith and Richard L. Smith
Montana State University - Bozeman - College of Business, Claremont McKenna College - Robert Day School of Economics and Finance and University of California, Riverside - Anderson Graduate School of Management
Downloads 1,048 (14,587)
Citation 14

Abstract:

venture capital, cost of capital, diversification

4.

How IPO Pricing Method Affects Underpricing and Issue Cost: Evidence on Japan's Change from Auction Method Pricing to Book-Building

Number of pages: 40 Posted: 14 Dec 2000
Richard L. Smith and Kenji Kutsuna
University of California, Riverside - Anderson Graduate School of Management and Osaka City University
Downloads 996 (16,014)
Citation 1

Abstract:

5.

What's in Your 403(B)? Academic Retirement Plans and the Costs of Underdiversification

Number of pages: 36 Posted: 02 Jun 2005 Last Revised: 21 Oct 2009
Claremont Graduate University - School of Mathematical Sciences, University of North Carolina (UNC) at Greensboro, Claremont McKenna College - Robert Day School of Economics and Finance and University of California, Riverside - Anderson Graduate School of Management
Downloads 924 (17,168)
Citation 4

Abstract:

Pension policy, retirement savings, portfolio selection, diversificaiton, Tiaa-Cref, ERISA

6.

The SEC's 'Fair Value' Standard for Mutual Fund Investment in Restricted Shares and Other Illiquid Assets

Claremont Economics Working Paper No. 2000-39
Number of pages: 52 Posted: 27 Dec 2000
Janet Kiholm Smith, Richard L. Smith and Karyn Williams
Claremont McKenna College - Robert Day School of Economics and Finance, University of California, Riverside - Anderson Graduate School of Management and Farmers Group Inc
Downloads 756 (24,615)

Abstract:

Can VCs Time the Market? An Analysis of Exit Choice for Venture-Backed Firms

Number of pages: 44 Posted: 08 Feb 2009 Last Revised: 12 Apr 2011
Eric R. Ball, Hsin-Hui Chiu and Richard L. Smith
Claremont Graduate University Drucker-Ito School of Management, California State University, Northridge and University of California, Riverside - Anderson Graduate School of Management
Downloads 429 (52,896)
Citation 9

Abstract:

IPO, acquisition, market timing, pseudo market timing, venture capital

Exit Choices of Venture-Backed Firms: IPO v. Acquisition

Number of pages: 44 Posted: 16 Nov 2008 Last Revised: 28 Apr 2009
Eric R. Ball, Hsin-Hui Chiu and Richard L. Smith
Claremont Graduate University Drucker-Ito School of Management, California State University, Northridge and University of California, Riverside - Anderson Graduate School of Management
Downloads 272 (90,443)
Citation 9

Abstract:

venture capital, IPO, acquisition, exit choice, market timing

8.

Venture Capital Fund Performance: The Effects of Exits, Abandonment, Persistence, Experience, and Reputation

Number of pages: 51 Posted: 11 Jul 2009 Last Revised: 27 Sep 2010
Richard L. Smith, Roberto Pedace and Vijay Sathe
University of California, Riverside - Anderson Graduate School of Management, Claremont Colleges, Scripps College - Department of Economics and The Peter F. Drucker and Masatoshi Ito Graduate School of Management, Claremont Graduate University
Downloads 600 (31,039)

Abstract:

venture capital, persistence, reputation, IPO, acquisition, real options

9.

Why Does Book Building Drive Out Auction Methods of IPO Issuance? Evidence from Japan

Claremont Graduate University Working Paper
Number of pages: 50 Posted: 27 Apr 2003
Kenji Kutsuna and Richard L. Smith
Osaka City University and University of California, Riverside - Anderson Graduate School of Management
Downloads 534 (38,475)
Citation 11

Abstract:

IPO, public offering, book building, underpricing

10.

The Paradox of 'Fraud-on-the-Market Theory': Who Relies on the Efficiency of Market Prices?

Robert Day School of Economics and Finance Research Paper No. 2008-2
Number of pages: 52 Posted: 28 May 2008 Last Revised: 15 Aug 2009
Grigori Erenburg, Janet Kiholm Smith and Richard L. Smith
University of Western Ontario - King's University College, Claremont McKenna College - Robert Day School of Economics and Finance and University of California, Riverside - Anderson Graduate School of Management
Downloads 450 (48,643)
Citation 1

Abstract:

Fraud on the market, securities litigation, market efficiency

11.

How Important is Capital Structure Policy to Firm Survival?

Number of pages: 48 Posted: 02 Nov 2011 Last Revised: 01 Apr 2013
Y. Peter Chung, Hyun Seung Na and Richard L. Smith
University of California at Riverside, Korea University Business School (KUBS) and University of California, Riverside - Anderson Graduate School of Management
Downloads 446 (39,025)

Abstract:

Capital structure, Bankruptcy, Acquisition, Oil exploration and development

12.

Why are Ipos Underpriced? Evidence from Japan's Hybrid Auction-Method Offerings

Claremont Graduate University Working Paper
Number of pages: 45 Posted: 06 Aug 2003
Francis J. Kerins, Kenji Kutsuna and Richard L. Smith
Montana State University - Bozeman - College of Business, Osaka City University and University of California, Riverside - Anderson Graduate School of Management
Downloads 393 (57,653)
Citation 7

Abstract:

IPO, public offering, book building, underpricing, partial adjustment

13.

Banking Relationships and Access to Equity Capital Markets: Evidence from Japan's Main Bank System

Number of pages: 40 Posted: 22 Jul 2003
Kenji Kutsuna, Janet Kiholm Smith and Richard L. Smith
Osaka City University, Claremont McKenna College - Robert Day School of Economics and Finance and University of California, Riverside - Anderson Graduate School of Management
Downloads 362 (63,444)
Citation 2

Abstract:

14.

Public Information, IPO Price Formation, and Long-Run Returns: Japanese Evidence

Number of pages: 33 Posted: 17 May 2006
Kenji Kutsuna, Janet Kiholm Smith and Richard L. Smith
Osaka City University, Claremont McKenna College - Robert Day School of Economics and Finance and University of California, Riverside - Anderson Graduate School of Management
Downloads 313 (71,200)
Citation 6

Abstract:

IPO price formation, partial adjustment, underpricing, public information, long-run returns, over-allotment options

15.

Market Timing and Exit Choices: IPO v. Acquisition

Number of pages: 40 Posted: 22 Mar 2009 Last Revised: 02 Sep 2009
Eric R. Ball, Hsin-Hui Chiu and Richard L. Smith
Claremont Graduate University Drucker-Ito School of Management, California State University, Northridge and University of California, Riverside - Anderson Graduate School of Management
Downloads 283 (81,073)

Abstract:

IPO, acquisition, exit choice, market timing, pseudo market timing, venture capital

16.

Required Rates of Return and Financial Contracting for Entrepreneurial Ventures

Number of pages: 50 Posted: 26 Aug 2009
Richard L. Smith
University of California, Riverside - Anderson Graduate School of Management
Downloads 253 (80,769)

Abstract:

venture capital, cost of capital, entrepreneurial finance

Institutional Investors, Monitoring, and the Transformation of Underperforming Firms

Claremont McKenna College Robert Day School of Economics and Finance Research Paper
Number of pages: 56 Posted: 30 Aug 2011 Last Revised: 07 Jan 2012
Grigori Erenburg, Janet Kiholm Smith and Richard L. Smith
University of Western Ontario - King's University College, Claremont McKenna College - Robert Day School of Economics and Finance and University of California, Riverside - Anderson Graduate School of Management
Downloads 122 (189,658)

Abstract:

institutional investors, monitoring, corporate governance, underperforming firms, activist pension funds, hedge funds, blockholders, acquisition, failure

Does Institutional Ownership Promote the Transformation of Underperforming Firms?

Claremont McKenna College Robert Day School of Economics and Finance Research Paper No. 2012-02
Number of pages: 41 Posted: 05 Mar 2012 Last Revised: 11 Aug 2013
Grigori Erenburg, Janet Kiholm Smith and Richard L. Smith
University of Western Ontario - King's University College, Claremont McKenna College - Robert Day School of Economics and Finance and University of California, Riverside - Anderson Graduate School of Management
Downloads 98 (222,741)

Abstract:

institutional investors, monitoring, corporate governance, underperforming firms, acquisition, bankruptcy, distressed firms

18.

The Drucker Vision: Corporations, Managers, Markets, and Innovation

Number of pages: 27 Posted: 22 Aug 2009 Last Revised: 27 Aug 2009
Richard L. Smith
University of California, Riverside - Anderson Graduate School of Management
Downloads 180 (123,204)

Abstract:

Peter Drucker, the Austrian School, Schumpeter

19.

Why Do IPO Issuers Grant Overallotment Options to Underwriters?

Number of pages: 45 Posted: 17 Nov 2013 Last Revised: 11 Dec 2014
Yawen Jiao, Kenji Kutsuna and Richard L. Smith
University of California, Riverside, Kobe University - Graduate School of Business Administration and University of California, Riverside - Anderson Graduate School of Management
Downloads 149 (98,215)

Abstract:

Overallotment options; Initial public offering; IPO pricing; Underpricing

20.

On the Foundations of the Drucker Vision

Number of pages: 16 Posted: 22 Aug 2009 Last Revised: 27 Aug 2009
Richard L. Smith
University of California, Riverside - Anderson Graduate School of Management
Downloads 127 (167,584)

Abstract:

Peter Drucker, the Austrian School, Schumpeter

21.

Supply-Chain Spillover Effects of IPOs

Number of pages: 36 Posted: 24 Feb 2013 Last Revised: 17 Sep 2013
Kobe University - Graduate School of Business Administration, Claremont McKenna College - Robert Day School of Economics and Finance, University of California, Riverside - Anderson Graduate School of Management and Nagasaki University - Faculty of Economics
Downloads 96 (176,618)

Abstract:

supply chain, IPO, SME, Trade credit, Working capital

22.

Which Institutional Investors Matter for Firm Survival and Performance?

Number of pages: 51 Posted: 04 Nov 2012 Last Revised: 16 Sep 2013
Janet Kiholm Smith, Richard L. Smith and Grigori Erenburg
Claremont McKenna College - Robert Day School of Economics and Finance, University of California, Riverside - Anderson Graduate School of Management and University of Western Ontario - King's University College
Downloads 84 (205,375)

Abstract:

institutional investors, corporate governance, underperforming firms, activist pension funds, hedge funds, blockholders, acquisition, bankruptcy, distressed firms

23.

Universities and Colleges as Socially Responsible Investors

Number of pages: 59 Posted: 02 Oct 2014
Richard L. Smith and Janet Kiholm Smith
University of California, Riverside - Anderson Graduate School of Management and Claremont McKenna College - Robert Day School of Economics and Finance
Downloads 60 (190,135)

Abstract:

socially responsible investing (SRI), ESG investing, university endowments, agency cost, governance

24.

The Paradox of Fraud-on-The-Market Theory: Who Relies on the Efficiency of Market Prices?

Journal of Empirical Legal Studies, Vol. 8, Issue 2, pp. 260-303, 2011
Number of pages: 44 Posted: 20 May 2011
Grigori Erenburg, Janet Kiholm Smith and Richard L. Smith
University of Western Ontario - King's University College, affiliation not provided to SSRN and University of California, Riverside - Anderson Graduate School of Management
Downloads 2 (527,151)
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Abstract:

25.

Are Public Equity Markets Declining in Importance?

Journal of Applied Finance (Formerly Financial Practice and Education), Vol. 24, No. 1, 2014, pgs. 6-13
Number of pages: 8 Posted: 30 Jul 2014
Joshua G. Rosett and Richard L. Smith
Claremont McKenna College - Robert Day School of Economics and Finance and University of California, Riverside - Anderson Graduate School of Management
Downloads 0 (278,869)

Abstract:

26.

Public Information, IPO Price Formation, and Long-Run Returns: Japanese Evidence

The Journal of Finance, Vol. LXIV, No. 1, pp. 505-545, February 2009
Posted: 01 Nov 2009
Kenji Kutsuna, Janet Kiholm Smith and Richard L. Smith
Kobe University - Graduate School of Business Administration, Claremont McKenna College - Robert Day School of Economics and Finance and University of California, Riverside - Anderson Graduate School of Management

Abstract:

IPO price formation, partial adjustment, underpricing, public information, long-run returns, overallotment options

27.

Direct Equity Financing; A Resolution of a Paradox: A Comment

The Journal of Finance, Vol. 39, No. 5, pp. 1615-1618, December 1984
Posted: 01 Nov 2009
Richard L. Smith and Manjeet S. Dhatt
University of California, Riverside - Anderson Graduate School of Management and University of Minnesota - Duluth - Department of Finance and Management Information Sciences

Abstract:

direct equity financing, IPO

28.

Determinants of Contract Choice: The Use of Warrants to Compensate Underwriters of Seasoned Equity Issues

Journal of Finance, Vol. 51, No. 1, March 1996
Posted: 11 Mar 1996 Last Revised: 09 Oct 2008
Chee K. Ng and Richard L. Smith
Fairleigh-Dickinson University - Silberman College of Business and University of California, Riverside - Anderson Graduate School of Management

Abstract: