Ralph A. Walkling

Drexel University - Lebow College of Business

Ralph A. Walkling/Stratakis Chair in Corporate Governance

LeBow College of Business

Philadelphia, PA 19104

United States

  • Drexel University - Lebow College of Business

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SCHOLARLY PAPERS

41

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437

CROSSREF CITATIONS

1,215

Scholarly Papers (41)

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1.

Shareholders' Say on Pay: Does it Create Value?

Downloads 3,078 ( 5,665)
Citation 101

Shareholders' Say on Pay: Does it Create Value?

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming, Drexel College of Business Research Paper No. 2008-06
Number of pages: 65 Posted: 20 Nov 2007 Last Revised: 12 Nov 2009
Jie Cai and Ralph A. Walkling
Drexel University and Drexel University - Lebow College of Business
Downloads 2,339 (8,560)
Citation 6

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Say on Pay, Executive compensation, Shareholder Activism, Access to Proxy

Shareholders' Say on Pay: Does it Create Value?

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 65 Posted: 16 Feb 2009 Last Revised: 12 Nov 2009
Jie Cai and Ralph A. Walkling
Drexel University and Drexel University - Lebow College of Business
Downloads 455 (88,991)
Citation 21

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Say on Pay, Executive compensation, Shareholder Activism, Access to Proxy

Shareholders' Say on Pay: Does it Create Value?

AFA 2009 San Francisco Meetings Paper
Number of pages: 58 Posted: 25 Mar 2008 Last Revised: 28 Jul 2011
Jie Cai and Ralph A. Walkling
Drexel University and Drexel University - Lebow College of Business
Downloads 284 (150,299)
Citation 13

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Say on Pay, Executive compensation, Shareholder Activism, Access to Proxy

2.

A Test of the Free Cash Flow Hypothesis: The Case of Bidder Returns

Journal of Financial Economics, Vol. 29, pp. 315-335, 1991
Number of pages: 22 Posted: 29 Jul 2011
Larry H.P. Lang, Ralph A. Walkling and René M. Stulz
The Chinese University of Hong Kong (CUHK) - Department of Finance, Drexel University - Lebow College of Business and Ohio State University (OSU) - Department of Finance
Downloads 1,737 (14,176)
Citation 21

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3.

The Consequences of Managerial Indiscretions: Sex, Lies, and Firm Value

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 72 Posted: 17 Mar 2010 Last Revised: 30 Nov 2016
Brandon N. Cline, Ralph A. Walkling and Adam S. Yore
Mississippi State University, Drexel University - Lebow College of Business and University of Missouri at Columbia - Department of Finance
Downloads 1,397 (19,729)
Citation 7

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managerial indiscretions, management quality, integrity, class action lawsuits, fraud, earnings management, corporate governance, managerial labor markets, director elections, CEO turnover, poor monitoring index

4.

Electing Directors

Journal of Finance, Forthcoming
Number of pages: 76 Posted: 19 Mar 2008 Last Revised: 10 Nov 2008
Jie Cai, Jacqueline L. Garner and Ralph A. Walkling
Drexel University, Georgia Institute of Technology - Scheller College of Business and Drexel University - Lebow College of Business
Downloads 975 (33,375)
Citation 46

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Board of directors, election of directors

5.

Target Abnormal Returns Associated with Acquisition Announcements: Payment, Acquisition Form, and Managerial Resistance

Journal of Financial Economics, Vol. 19, pp. 329-349, 1987
Number of pages: 22 Posted: 23 Sep 2008 Last Revised: 29 Jul 2011
Yen-Sheng Huang and Ralph A. Walkling
National Taiwan University of Science and Technology and Drexel University - Lebow College of Business
Downloads 963 (33,931)
Citation 5

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6.

Private Class Action Litigation Risk of Chinese Firms Listed in the U.S.

Charles A. Dice Center Working Paper No. 2012-18, Fisher College of Business Working Paper No. 2012-03-018
Number of pages: 25 Posted: 14 Jul 2012 Last Revised: 26 Mar 2016
Jan Jindra, Torben Voetmann and Ralph A. Walkling
U.S. Securities and Exchange Commission - Division of Economic and Risk Analysis, The Brattle Group and Drexel University - Lebow College of Business
Downloads 914 (36,575)
Citation 16

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Cross-listing, China, reverse merger, initial public offering, securities class action lawsuits

7.

The Impact of Industry Classifications on Financial Research

Downloads 884 ( 38,306)

The Impact of Industry Classifications on Financial Research

THE CHARLES A. DICE CENTER FOR RESEARCH IN FINANCIAL ECONOMICS
Number of pages: 55 Posted: 04 Nov 1996
Kathleen M. Kahle and Ralph A. Walkling
University of Arizona - Department of Finance and Drexel University - Lebow College of Business
Downloads 884 (37,761)
Citation 14

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The Impact of Industry Classifications on Financial Research

J. OF FINANCIAL AND QUANTITATIVE ANALYSIS, September 1996
Posted: 16 Sep 1996
Kathleen M. Kahle and Ralph A. Walkling
University of Arizona - Department of Finance and Drexel University - Lebow College of Business

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8.

On the Importance of Golden Parachutes

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 55 Posted: 25 Jun 2009 Last Revised: 23 Jul 2015
Eliezer M. Fich, Anh L. Tran and Ralph A. Walkling
Drexel University - Department of Finance, Bayes Business School (formerly Cass Business School), City University of London and Drexel University - Lebow College of Business
Downloads 838 (41,252)
Citation 6

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Golden Parachutes, Acquisitions, Moral Hazard, Reservation Premium

9.

Speculation Spreads and the Market Pricing of Proposed Acquisitions

Journal of Corporate Finance, Vol. 10, 2004, Dice Working Paper No. 2000-18
Number of pages: 45 Posted: 19 May 2001 Last Revised: 11 Mar 2013
Jan Jindra and Ralph A. Walkling
U.S. Securities and Exchange Commission - Division of Economic and Risk Analysis and Drexel University - Lebow College of Business
Downloads 834 (41,500)
Citation 12

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10.

Corporate Governance and Shareholder Initiatives: Empirical Evidence

Journal of Financial Economics, Vol. 42, pp. 365-395, 1996
Number of pages: 31 Posted: 01 Jul 1996 Last Revised: 29 Jul 2011
Jonathan M. Karpoff, Paul H. Malatesta and Ralph A. Walkling
University of Washington - Michael G. Foster School of Business, University of Washington - Michael G. Foster School of Business and Drexel University - Lebow College of Business
Downloads 813 (42,968)
Citation 13

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11.

Director Appointments – It is Who You Know

28th Annual Conference on Financial Economics and Accounting
Number of pages: 64 Posted: 18 Mar 2017 Last Revised: 09 Nov 2020
Jie Cai, Tu Nguyen and Ralph A. Walkling
Drexel University, University of Waterloo - School of Accounting and Finance and Drexel University - Lebow College of Business
Downloads 784 (45,046)
Citation 15

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Director Appointments, Social Networks, Board Diversity, Coordination, Search Cost, Homophily, Agency, Shareholder Vote

12.

Anticipation, Acquisitions and Bidder Returns: Industry Shocks and the Transfer of Information Across Rivals

Downloads 773 ( 45,887)
Citation 46

Anticipation, Acquisitions and Bidder Returns: Industry Shocks and the Transfer of Information Across Rivals

LeBow College of Business Working Paper
Number of pages: 46 Posted: 20 Apr 2005 Last Revised: 25 Jul 2008
Moon H. Song and Ralph A. Walkling
San Diego State University - Finance Department and Drexel University - Lebow College of Business
Downloads 518 (76,039)
Citation 8

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Anticipation, Acquisitions and Bidder Returns: Industry Shocks and the Transfer of Information Across Rivals

The Review of Financial Studies, Forthcoming
Number of pages: 58 Posted: 25 Apr 2011 Last Revised: 24 May 2011
Jie Cai, Moon H. Song and Ralph A. Walkling
Drexel University, San Diego State University - Finance Department and Drexel University - Lebow College of Business
Downloads 255 (167,650)
Citation 12

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Mergers and Acquisitions, Anticipation, Information Transfer, Industry Shock, Wealth Effects

13.

The Price of Street Friends: Social Networks, Informed Trading, and Shareholder Costs

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 62 Posted: 15 Mar 2011 Last Revised: 08 Nov 2014
Jie Cai, Ralph A. Walkling and Ke Yang
Drexel University, Drexel University - Lebow College of Business and Lehigh University
Downloads 718 (50,638)
Citation 7

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Social Connections, Informed Trading, Inside Information, Trading Costs

14.

Agency Theory, Managerial Welfare, and Takeover Bid Resistance

Rand Journal of Economics, Vol. 15, No. 1, pp. 54-68, Spring 1984
Number of pages: 16 Posted: 10 Mar 2011 Last Revised: 30 Jul 2011
Michael S. Long and Ralph A. Walkling
Rutgers University at Newark and Drexel University - Lebow College of Business
Downloads 652 (57,429)
Citation 35

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agency theory, takeovers, resisted acquisitions

15.

Corporate Focusing and Internal Capital Markets

Downloads 540 ( 72,958)

Corporate Focusing and Internal Capital Markets

Dice Center Working Paper No. 99-5
Number of pages: 46 Posted: 30 Jun 1999
Frederik P. Schlingemann, Ralph A. Walkling and René M. Stulz
University of Pittsburgh - Finance Group, Drexel University - Lebow College of Business and Ohio State University (OSU) - Department of Finance
Downloads 492 (81,047)

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Corporate Focusing and Internal Capital Markets

NBER Working Paper No. w7175
Number of pages: 47 Posted: 13 Jul 2000 Last Revised: 11 Aug 2022
Frederik P. Schlingemann, Ralph A. Walkling and René M. Stulz
University of Pittsburgh - Finance Group, Drexel University - Lebow College of Business and Ohio State University (OSU) - Department of Finance
Downloads 48 (543,696)

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16.

Asset Liquidity and Segment Divestitures

Downloads 533 ( 74,175)
Citation 1

Asset Liquidity and Segment Divestitures

Dice Center Working Paper No. 2000-12
Number of pages: 36 Posted: 26 Sep 2000
Frederik P. Schlingemann, Ralph A. Walkling and René M. Stulz
University of Pittsburgh - Finance Group, Drexel University - Lebow College of Business and Ohio State University (OSU) - Department of Finance
Downloads 482 (83,058)
Citation 1

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Asset Liquidity and Segment Divestitures

NBER Working Paper No. w7873
Number of pages: 36 Posted: 01 Sep 2000 Last Revised: 08 Jul 2022
Frederik P. Schlingemann, Ralph A. Walkling and René M. Stulz
University of Pittsburgh - Finance Group, Drexel University - Lebow College of Business and Ohio State University (OSU) - Department of Finance
Downloads 51 (529,575)

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17.

Determinants and Implications of Arbitrage Holdings in Acquisitions

Number of pages: 59 Posted: 03 Aug 2004
Jim Hsieh and Ralph A. Walkling
George Mason University and Drexel University - Lebow College of Business
Downloads 532 (74,350)
Citation 13

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mergers, arbitrage, market for corporate control

18.

Understanding the Motives for Director Selection

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 498/2017
Number of pages: 72 Posted: 03 Jul 2015 Last Revised: 01 Aug 2019
David Becher, Ralph A. Walkling and Jared I. Wilson
Drexel University, Drexel University - Lebow College of Business and Indiana University - Kelley School of Business
Downloads 509 (78,475)
Citation 1

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Director selection; Boards of directors; Director labor market

19.

Managerial Performance, Tobin's Q, and the Gains from Successful Tender Offers

Journal of Finance, Vol. 24, pp. 137-154, 1989
Number of pages: 18 Posted: 24 Sep 2008 Last Revised: 30 Jul 2011
Larry H.P. Lang, Ralph A. Walkling and René M. Stulz
The Chinese University of Hong Kong (CUHK) - Department of Finance, Drexel University - Lebow College of Business and Ohio State University (OSU) - Department of Finance
Downloads 504 (79,459)
Citation 18

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20.

Video: Pioneers in Finance: An Interview with Michael C. Jensen - Part 1 Video 1

Journal of Applied Finance, No. 2, 2010, Barbados Group Working Paper No. 10-12, Harvard Business School NOM Unit Working Paper No. 11-045
Number of pages: 8 Posted: 29 Oct 2020
Michael C. Jensen and Ralph A. Walkling
Harvard Business School and Drexel University - Lebow College of Business
Downloads 488 (82,583)
Citation 1

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Agency Theory, Market for Corporate Control, Private Equity




21.

Determinants of Tender Offer Premiums

Financial Analysts Journal, pp. 27-37, 1985
Number of pages: 9 Posted: 29 Jul 2011
Robert O. Edmister and Ralph A. Walkling
Bowling Green State University - Department of Finance and Drexel University - Lebow College of Business
Downloads 469 (86,623)
Citation 2

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22.

Share Repurchase, Executive Options and Wealth Changes to Stockholders and Bondholders

Number of pages: 44 Posted: 21 Mar 2006 Last Revised: 22 Jul 2008
Sang-Gyung Jun, Mookwon Jung and Ralph A. Walkling
Hanyang University, Kookmin University and Drexel University - Lebow College of Business
Downloads 404 (103,006)
Citation 3

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Repurchase, wealth transfer, signaling

23.

Sources of Gains in Corporate Mergers: Refined Tests from a Neglected Industry

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 55 Posted: 29 Oct 2010 Last Revised: 10 Aug 2011
David Becher, J. Harold Mulherin and Ralph A. Walkling
Drexel University, University of Georgia - Department of Banking and Finance and Drexel University - Lebow College of Business
Downloads 369 (114,264)
Citation 4

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mergers, synergy, collusion, shareholder wealth effects, product prices

24.

The History and Performance of Concept Stocks

Dice Center Working Paper No. 2001-8
Number of pages: 60 Posted: 29 Jul 2001
Jim Hsieh and Ralph A. Walkling
George Mason University and Drexel University - Lebow College of Business
Downloads 365 (115,637)
Citation 2

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25.

Video: Pioneers in Finance: An Interview with Michael C. Jensen - Part 2 Video 3

Journal of Applied Finance, No. 1, 2011, Harvard Business School NOM Unit Working Paper, Barbados Group Working Paper No. 11-05
Number of pages: 12 Posted: 13 Jun 2011 Last Revised: 06 Dec 2016
Michael C. Jensen and Ralph A. Walkling
Harvard Business School and Drexel University - Lebow College of Business
Downloads 363 (116,386)
Citation 3

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Epistomology, Ontology, Ontological Constraints, Context, Knowing vs. Being, Leadership, Agency Theory, SSRN, JFE, Integrity, Jensen's Alpha, Passion, Authenticity, Commitment




26.

A Paper Tiger? An Empirical Analysis of Majority Voting

Journal of Corporate Finance, Vol. 21, 2013
Number of pages: 48 Posted: 18 Apr 2010 Last Revised: 14 Oct 2013
Jie Cai, Jacqueline L. Garner and Ralph A. Walkling
Drexel University, Georgia Institute of Technology - Scheller College of Business and Drexel University - Lebow College of Business
Downloads 278 (154,239)
Citation 8

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Election of Directors, Majority Voting, Shareholder Proposals

27.

Abnormal Returns to Rivals of Acquisition Targets: A Test of the Acquisition Probability Hypothesis

Journal of Financial Economics, Vol. 55, pp. 143-171, 2000
Number of pages: 29 Posted: 29 Jul 2011
Moon H. Song and Ralph A. Walkling
San Diego State University - Finance Department and Drexel University - Lebow College of Business
Downloads 277 (154,796)
Citation 27

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28.

Arbitrage Spreads and the Market Pricing of Proposed Acquisitions

Working Paper No. 99-11
Number of pages: 44 Posted: 26 Aug 1999 Last Revised: 10 Mar 2013
Jan Jindra and Ralph A. Walkling
U.S. Securities and Exchange Commission - Division of Economic and Risk Analysis and Drexel University - Lebow College of Business
Downloads 267
Citation 5

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29.

An Application of Arbitrage Pricing Theory to Futures Markets: Tests of Normal Backwardation

The Journal of Futures Markets, Vol. 7, pp. 21-34, 1987
Number of pages: 14 Posted: 29 Jul 2011
Michael Ehrhardt, James V. Jordan and Ralph A. Walkling
University of Tennessee, Knoxville - Department of Finance, National Economic Research Associates and Drexel University - Lebow College of Business
Downloads 218 (195,535)
Citation 1

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30.

Predicting Tender Offer Success: A Logistic Analysis

The Journal of Financial and Quantitative Analysis, Vol. 20, pp. 461-478, 1985
Number of pages: 18 Posted: 23 Sep 2008 Last Revised: 30 Jul 2011
Ralph A. Walkling
Drexel University - Lebow College of Business
Downloads 212 (200,569)
Citation 9

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31.

Industry Shocks and Merger Activity: An Analysis of U.S. Public Utilities

Number of pages: 48 Posted: 21 Mar 2008
David Becher, J. Harold Mulherin and Ralph A. Walkling
Drexel University, University of Georgia - Department of Banking and Finance and Drexel University - Lebow College of Business
Downloads 158 (259,161)
Citation 3

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Industry shock, mergers, collusion, synergy

32.

The Impact of Managerial Ownership on Acquisition Attempts and Target Shareholder Wealth

The Journal of Financial and Quantitative Analysis, Vol. 28, No. 4, pp. 439-457, December 1993
Number of pages: 20 Posted: 23 Sep 2008 Last Revised: 30 Jul 2011
Moon H. Song and Ralph A. Walkling
San Diego State University - Finance Department and Drexel University - Lebow College of Business
Downloads 100 (362,709)
Citation 9

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33.

Dispersion of Expectations and Trading Volume

Journal of Business Finance & Accounting, Vol. 14, pp. 229-239, 1987
Number of pages: 12 Posted: 29 Jul 2011
Eugene E. Comiskey, Ralph A. Walkling and Michael Weeks
affiliation not provided to SSRN, Drexel University - Lebow College of Business and affiliation not provided to SSRN
Downloads 82 (409,737)

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34.

The Distribution of Target Ownership and the Division of Gains in Successful Takeovers

The Journal of Finance, Vol. 45, No. 3, pp. 817-833, 1990
Number of pages: 18 Posted: 23 Sep 2008 Last Revised: 30 Jul 2011
René M. Stulz, Moon H. Song and Ralph A. Walkling
Ohio State University (OSU) - Department of Finance, San Diego State University - Finance Department and Drexel University - Lebow College of Business
Downloads 71 (444,034)
Citation 48

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35.

Executive Careers and Compensation Surrounding Takeover Bids

Journal of Finance, Vol. 49, No. 3, pp. 985- 1014, January 3-5, 1994
Number of pages: 31 Posted: 13 Mar 2008 Last Revised: 30 Jul 2011
Anup Agrawal and Ralph A. Walkling
University of Alabama - Culverhouse College of Commerce & Business Administration and Drexel University - Lebow College of Business
Downloads 64 (468,450)
Citation 32

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36.

Strategic Issues in Cash Tender Offers Predicting Bid Premiums, Probability Of Success, and Target Management's Response

Midland Corporate Finance Journal, pp. 57-65, 1986
Number of pages: 10 Posted: 23 Sep 2008 Last Revised: 30 Jul 2011
Michael S. Long and Ralph A. Walkling
Rutgers University at Newark and Drexel University - Lebow College of Business
Downloads 40 (572,932)

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37.

Trends in Institutional Commission Costs Following Deregulation: Evidence From the USA

Journal of Business Finance & Accounting, Vol.12, pp. 553-559, 1985
Number of pages: 7 Posted: 23 Sep 2008 Last Revised: 29 Jul 2011
Robert O. Edmister and Ralph A. Walkling
Bowling Green State University - Department of Finance and Drexel University - Lebow College of Business
Downloads 22 (686,902)

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38.

Are There Commission Cost Side-Effects from Portfolio Management Decisions?

Financial Analysts Journal, p. 3, 1983
Number of pages: 9 Posted: 29 Jul 2011
Robert O. Edmister and Ralph A. Walkling
Bowling Green State University - Department of Finance and Drexel University - Lebow College of Business
Downloads 13 (762,098)

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39.

Risk Management, Corporate Governance, and the Search for Long-Term Investors

Journal of Applied Corporate Finance, Vol. 22, Issue 4, pp. 58-74, 2010
Number of pages: 19 Posted: 03 Jan 2011
Ralph A. Walkling, Scott W. Bauguess, Jim Dunigan, Damien Park, Patrick McGurn and Don Chew
Drexel University - Lebow College of Business, University of Texas at Austin - Department of Finance, affiliation not provided to SSRN, Hedge Fund Solutions, LLC, affiliation not provided to SSRN and affiliation not provided to SSRN
Downloads 4 (852,743)

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40.

Video: Pioneers in Finance: An Interview with Michael C. Jensen - Part 2 Video 4

Posted: 11 Sep 2012 Last Revised: 12 Oct 2012
Michael C. Jensen and Ralph A. Walkling
Harvard Business School and Drexel University - Lebow College of Business

Abstract:

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Epistomology, Ontology, Ontological Constraints, Context, Knowing vs. Being, Leadership, Agency Theory, SSRN, JFE, Integrity, Jensen's Alpha, Passion, Authenticity, Commitment




41.

Video: Pioneers in Finance: An Interview with Michael C. Jensen - Part 1 Video 2

Posted: 18 Oct 2010 Last Revised: 12 Oct 2012
Michael C. Jensen and Ralph A. Walkling
Harvard Business School and Drexel University - Lebow College of Business

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Agency Theory, Market for Corporate Control, Private Equity




Other Papers (2)

Total Downloads: 292
Actions:
Email selected abstracts
1.

Anticipation, Acquisitions and Bidder Returns

AFA 2006 Boston Meetings Paper
Number of pages: 47 Posted: 18 Mar 2005
Moon H. Song and Ralph A. Walkling
San Diego State University - Finance Department and Drexel University - Lebow College of Business
Downloads 234

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Acquisitions, anticipation, bidding returns

2.

Democracy or Disruption: an Empirical Analysis of Majority Elections

Number of pages: 41 Posted: 17 Mar 2006
Jie Cai, Jacqueline L. Garner and Ralph A. Walkling
Drexel University, Georgia Institute of Technology - Scheller College of Business and Drexel University - Lebow College of Business
Downloads 58

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