Jarrad Harford

University of Washington

Box 353226

Seattle, WA 98195-3226

United States

http://faculty.washington.edu/jarrad/

European Corporate Governance Institute (ECGI)

c/o the Royal Academies of Belgium

Rue Ducale 1 Hertogsstraat

1000 Brussels

Belgium

  • University of Washington

    • Email
    • Tel: 206-543-4796
    • Fax: 206-543-7472

  • European Corporate Governance Institute (ECGI)

SCHOLARLY PAPERS

62

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284

Scholarly Papers (62)

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1.

Corporate Governance and Firm Cash Holdings

Downloads 3,452 ( 5,907)
Citation 216

Corporate Governance and Firm Cash Holdings

AFA 2006 Boston Meetings Paper
Number of pages: 40 Posted: 24 Oct 2005
Jarrad Harford, Sattar Mansi and William F. Maxwell
University of Washington, Virginia Tech and Southern Methodist University (SMU) - Finance Department
Downloads 3,452 (5,795)
Citation 216

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Cash Holdings, Corporate Governance, Shareholder Rights

Corporate Governance and Firm Cash Holdings

Journal of Financial Economics, Forthcoming, AFA 2006 Boston Meetings Paper
Posted: 22 May 2007
Jarrad Harford, Sattar Mansi and William F. Maxwell
University of Washington, Virginia Tech and Southern Methodist University (SMU) - Finance Department

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Cash Holdings, Corporate Governance, Shareholder Rights

2.

Do Long-Term Investors Improve Corporate Decision Making?

Downloads 3,382 ( 6,129)
Citation 59

Do Long-Term Investors Improve Corporate Decision Making?

Finance Down Under 2015 Building on the Best from the Cellars of Finance Paper, Asian Finance Association 2015 Conference Paper
Number of pages: 81 Posted: 05 Oct 2014 Last Revised: 27 Nov 2017
Jarrad Harford, Ambrus Kecskes and Sattar Mansi
University of Washington, York University - Schulich School of Business and Virginia Tech
Downloads 2,240 (11,538)
Citation 26

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Agency problems; Monitoring; Managerial myopia; Investor horizons; Corporate governance; Managerial misbehavior; Investment; Innovation; Financing; Off balance sheet debt; Debt maturity; Payouts; Valuation; Profitability; Volatility; Credit events

Investor Horizons and Corporate Cash Holdings

Number of pages: 46 Posted: 06 Feb 2012 Last Revised: 05 Jul 2012
Jarrad Harford, Ambrus Kecskes and Sattar Mansi
University of Washington, York University - Schulich School of Business and Virginia Tech
Downloads 1,142 (32,318)
Citation 18

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Investor horizons, Institutional investors, Ownership structure, Investor heterogeneity, Corporate governance, Monitoring, Cash holdings

3.

The Importance of Industry Links in Merger Waves

Journal of Finance, 2014, vol. 69(2): 527-576.
Number of pages: 159 Posted: 14 Dec 2009 Last Revised: 30 Mar 2016
Kenneth R. Ahern and Jarrad Harford
University of Southern California - Marshall School of Business and University of Washington
Downloads 2,620 (9,111)
Citation 92

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Mergers & Acquisitions, Product Markets, Networks

4.

Corporate Cash Reserves and Acquisitions

Number of pages: 46 Posted: 07 Apr 1997
Jarrad Harford
University of Washington
Downloads 2,138 (12,663)
Citation 174

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5.

Operating Leverage, Profitability and Capital Structure

CICF 2013 Shanghai, China; EFA 2013, Cambridge UK; 24th CFEA (Kenan-Flagler Business School)
Number of pages: 41 Posted: 31 Jan 2013 Last Revised: 22 Oct 2017
Zhiyao Chen, Jarrad Harford and Avraham Kamara
Lingnan University - Department of Finance and Insurance, University of Washington and University of Washington - Michael G. Foster School of Business
Downloads 2,008 (13,970)
Citation 42

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operating leverage, capital structure, financial leverage, trade-off theory,profitability, default risk

6.

Financial Flexibility and Corporate Cash Policy

Downloads 909 (19,108)
Citation 8

Financial Flexibility and Corporate Cash Policy

Finance Down Under 2014 Building on the Best from the Cellars of Finance
Number of pages: 57 Posted: 27 Jul 2013 Last Revised: 31 Oct 2013
Tao Chen, Jarrad Harford and Chen Lin
Nanyang Business School, Nanyang Technological University, University of Washington and The University of Hong Kong - Faculty of Business and Economics
Downloads 909 (44,612)
Citation 3

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Cash policy, Debt capacity, Collateral, Real estate value, Cash holding, Marginal value of cash, Cash flow sensitivity of cash

7.

Precautionary Savings with Risky Assets: When Cash Is Not Cash

Journal of Finance, Forthcoming
Number of pages: 89 Posted: 03 Nov 2013 Last Revised: 28 May 2016
Ran Duchin, Thomas Gilbert, Jarrad Harford and Christopher M. Hrdlicka
Boston College - Carroll School of Management, University of Washington - Department of Finance and Business Economics, University of Washington and University of Washington - Michael G. Foster School of Business
Downloads 1,580 (20,291)
Citation 21

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Cash, Precautionary Savings, Investment Securities, Risk, Liquidity, SFAS 157, Fair Value, Taxes

8.

Do Analysts Matter for Governance? Evidence from Natural Experiments

Number of pages: 77 Posted: 16 Nov 2012 Last Revised: 05 Mar 2015
Tao Chen, Jarrad Harford and Chen Lin
Nanyang Business School, Nanyang Technological University, University of Washington and The University of Hong Kong - Faculty of Business and Economics
Downloads 1,470 (22,645)
Citation 121

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Financial analyst, Monitoring, Natural experiment, Analyst coverage, Value of cash holding, CEO excess compensation, Acquisition, Earnings management

9.

Refinancing Risk and Cash Holdings

Journal of Finance, Forthcoming
Number of pages: 55 Posted: 18 Apr 2011 Last Revised: 31 May 2013
Jarrad Harford, Sandy Klasa and William F. Maxwell
University of Washington, University of Arizona - Department of Finance and Southern Methodist University (SMU) - Finance Department
Downloads 1,432 (23,545)
Citation 90

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Cash Holdings, Refinancing Risk, Debt Maturity

10.

Do Firms Have Leverage Targets? Evidence from Acquisitions

Journal of Financial Economics, Forthcoming
Number of pages: 38 Posted: 15 Mar 2006 Last Revised: 28 May 2009
Jarrad Harford, Sandy Klasa and Nathan Walcott
University of Washington, University of Arizona - Department of Finance and Washington State University
Downloads 1,413 (24,034)
Citation 19

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Capital structure, target leverage, mergers, acquisitions

11.

The Sources of Value Destruction in Acquisitions by Entrenched Managers

Journal of Financial Economics (JFE), Vol. 106, No. 2, 2012
Number of pages: 43 Posted: 02 Mar 2010 Last Revised: 30 Aug 2012
Jarrad Harford, Mark Humphery-Jenner, Mark Humphery-Jenner and Ronan Powell
University of Washington, University of New South Wales (UNSW)UNSW Business School and University College Dublin (UCD) - Michael Smurfit Graduate School of Business
Downloads 1,312 (26,776)
Citation 80

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Corporate Governance, Mergers, Entrenchment, Overvalued Equity, Overpayment

12.

Who Benefits from Sustainability-linked Loans?

European Corporate Governance Institute – Finance Working Paper No. 917/2023
Number of pages: 60 Posted: 29 Oct 2022 Last Revised: 28 Jul 2023
Kai Du, Jarrad Harford and David (Dongheon) Shin
Pennsylvania State University, University of Washington and University of Oklahoma - Michael F. Price College of Business
Downloads 1,275 (27,977)
Citation 1

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ESG, sustainability-linked loans, loan spreads, bank deposits, relationship lending

13.

Determinants of Corporate Cash Policy: Insights from Private Firms

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 43 Posted: 18 Mar 2012 Last Revised: 21 Feb 2013
Huasheng Gao, Jarrad Harford and Kai Li
Fanhai International School of Finance, Fudan University, University of Washington and University of British Columbia (UBC) - Sauder School of Business
Downloads 1,254 (28,695)
Citation 88

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cash holdings, financing frictions, agency conflicts, private firms, excess cash, speed of adjustment

14.

Monitoring: Which Institutions Matter?

Journal of Financial Economics, Forthcoming
Number of pages: 46 Posted: 17 Sep 2006
Kai Li, Jarrad Harford and Xia Chen
University of British Columbia (UBC) - Sauder School of Business, University of Washington and Singapore Management University - School of Accountancy
Downloads 1,230 (29,461)
Citation 328

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corporate governance, institutional investors, mergers & acquisitions, monitoring, trading

15.

The Cash Flow Permanence and Information Content of Dividend Increases vs. Repurchases

Number of pages: 41 Posted: 24 Jan 1999
Wayne R. Guay and Jarrad Harford
University of Pennsylvania - Accounting Department and University of Washington
Downloads 1,163 (31,987)
Citation 4

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16.

Efficient and Distortional Components to Industry Merger Waves

Number of pages: 39 Posted: 26 Jun 2003
Jarrad Harford
University of Washington
Downloads 1,072 (35,881)
Citation 15

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Mergers and Acquisitions, Merger Waves, Agency, Hubris, Herding

17.

Do Private Equity Sponsor Returns Result from Wealth Transfers and Short-Termism? Evidence from a Comprehensive Sample of Large Buyouts and Exit Outcomes

Management Science 60 (April, 2014), 888-902
Number of pages: 45 Posted: 15 Mar 2011 Last Revised: 02 Aug 2017
Jarrad Harford and Adam C. Kolasinski
University of Washington and Texas A&M University - Department of Finance
Downloads 1,056 (36,683)
Citation 16

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private equity, leveraged buyouts, disclosure policy, investment policy

18.

Foreign Cash: Taxes, Internal Capital Markets, and Agency Problems

The Review of Financial Studies, Forthcoming
Number of pages: 73 Posted: 04 Aug 2014 Last Revised: 28 Sep 2016
Jarrad Harford, Cong Wang and Kuo Zhang
University of Washington, The Chinese University of Hong Kong, Shenzhen and Shanghai Jiao Tong University (SJTU) - Antai College of Economics and Management
Downloads 1,007 (39,238)
Citation 21

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Cash trapped overseas, Value of foreign cash, Repatriation cost, Domestic investment-cash flow sensitivity

19.

Financial Flexibility, Risk Management, and Payout Choice

Review of Financial Studies, Forthcoming
Number of pages: 51 Posted: 25 Jan 2011 Last Revised: 08 Jul 2013
Alice A. Bonaime, Kristine Watson Hankins and Jarrad Harford
University of Arizona, University of Kentucky and University of Washington
Downloads 989 (40,263)
Citation 14

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Payout policy, risk management, financial flexibility, hedging, repurchases, dividends

20.

The Economic Effects of Political Polarization: Evidence from the Real Asset Market

Number of pages: 62 Posted: 16 Dec 2019 Last Revised: 03 Apr 2023
Ran Duchin, Abed El Karim Farroukh, Jarrad Harford and Tarun Patel
Boston College - Carroll School of Management, Indiana University - Kelley School of Business, University of Washington and Southern Methodist University - Cox School of Business
Downloads 782 (55,768)
Citation 1

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political polarization, campaign contributions, mergers and acquisitions

21.

Determinants of Corporate Cash Policy: A Comparison of Public and Private Firms

Number of pages: 43 Posted: 11 Dec 2010 Last Revised: 03 Apr 2012
Huasheng Gao, Jarrad Harford and Kai Li
Fanhai International School of Finance, Fudan University, University of Washington and University of British Columbia (UBC) - Sauder School of Business
Downloads 768 (56,943)
Citation 8

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Cash Holdings, Cash-to-Cash Flow Sensitivity, Agency Conflicts, Financing Frictions, Private Firms

22.

Managerial Opportunism? Evidence from Directors' and Officers' Insurance Purchases

Downloads 760 (57,747)

Managerial Opportunism? Evidence from Directors' and Officers' Insurance Purchases

Number of pages: 38 Posted: 11 Sep 2000
John Chalmers, Larry Dann and Jarrad Harford
University of Oregon, University of Oregon - Department of Finance and University of Washington
Downloads 760 (56,920)
Citation 10

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Managerial Opportunism? Evidence from Directors' and Officers' Insurance Purchases

Posted: 19 Nov 2002
John Chalmers, Larry Dann and Jarrad Harford
University of Oregon, University of Oregon - Department of Finance and University of Washington

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23.

How Much Do Directors Influence Firm Value?

Forthcoming in: Review of Financial Studies
Number of pages: 43 Posted: 05 Jun 2015 Last Revised: 11 Jan 2019
Aaron Burt, Christopher M. Hrdlicka and Jarrad Harford
University of Oklahoma - Division of Finance, University of Washington - Michael G. Foster School of Business and University of Washington
Downloads 748 (59,001)
Citation 13

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director influence, connected boards, price discovery, economic links, return predictability, information diffusion, market efficiency, investor inattention, limits to arbitrage, lead-lag effect, networks, boards of directors

24.

The Real Effects of Uncertainty on Merger Activity

Number of pages: 69 Posted: 22 Nov 2014 Last Revised: 04 Aug 2016
Vineet Bhagwat, Robert A. Dam, Robert A. Dam and Jarrad Harford
George Washington University - Department of Finance, Northwestern University - Kellogg School of ManagementUniversity of Colorado at Boulder - Department of Finance and University of Washington
Downloads 738 (60,078)
Citation 38

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uncertainty, investment, merger, acquisition, VIX

25.

Takeover Bids and Target Directors' Incentives: Retention, Experience and Settling-Up

Number of pages: 48 Posted: 24 Jul 2000
Jarrad Harford
University of Washington
Downloads 726 (61,393)
Citation 2

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26.

Corporate Boards and the Leverage and Debt Maturity Choices

Number of pages: 36 Posted: 16 Mar 2006
Jarrad Harford, Kai Li and Xinlei Shelly Zhao
University of Washington, University of British Columbia (UBC) - Sauder School of Business and Government of the United States of America - Office of the Comptroller of the Currency (OCC) - Risk Analysis Division
Downloads 721 (61,963)
Citation 17

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leverage, debt maturity, board effectiveness, incentive alignment, director power, governance

27.

CEO Turnover-Performance Sensitivities in Private Firms

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 60 Posted: 11 Jan 2014 Last Revised: 03 Oct 2015
Huasheng Gao, Jarrad Harford and Kai Li
Fanhai International School of Finance, Fudan University, University of Washington and University of British Columbia (UBC) - Sauder School of Business
Downloads 703 (64,043)
Citation 16

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agency problems; CEO turnover; CEO turnover-performance sensitivity; investor horizon; investor myopia; private firms

28.

Mergers Under the Microscope: Analysing Conference Call Transcripts

Number of pages: 65 Posted: 27 Feb 2020 Last Revised: 12 May 2020
Sudipto Dasgupta, Jarrad Harford, Fangyuan Ma, Daisy Wang and Haojun Xie
Chinese University of Hong Kong, ABFER, CEPR, and ECGI, University of Washington, Chinese University of Hong Kong (CUHK) - Department of Finance, Ohio State University (OSU) - Department of Finance and the Chinese University of Hong Kong
Downloads 697 (65,078)
Citation 2

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Mergers; Acquisitions; Conference Call; Machine Learning; Probabilistic Topic Modelling

29.

Motivated Monitors: The Importance of Institutional Investors’ Portfolio Weights

Journal of Financial Economics (JFE), 2015, Forthcoming
Number of pages: 62 Posted: 09 Jul 2014 Last Revised: 16 Feb 2015
Eliezer M. Fich, Jarrad Harford and Anh L. Tran
Drexel University - Department of Finance, University of Washington and Bayes Business School (formerly Cass Business School), City University of London
Downloads 672 (67,857)
Citation 45

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Monitoring, Institutional investors, Mergers and acquisitions, Takeover premiums

30.

EPS-Sensitivity and Mergers

Number of pages: 76 Posted: 01 Feb 2019 Last Revised: 30 Jan 2020
Sudipto Dasgupta, Jarrad Harford and Fangyuan Ma
Chinese University of Hong Kong, ABFER, CEPR, and ECGI, University of Washington and Chinese University of Hong Kong (CUHK) - Department of Finance
Downloads 658 (69,680)
Citation 6

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mergers, acquisitions, EPS, short-termism, method-of-payment

31.

Payout Policy Tradeoffs and the Rise of 10b5-1 Preset Repurchase Plans

Number of pages: 81 Posted: 29 Jan 2015 Last Revised: 03 Mar 2019
Alice A. Bonaime, Jarrad Harford and David Moore
University of Arizona, University of Washington and Loyola Marymount University
Downloads 655 (70,234)

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Share repurchase; share buyback; Rule 10b5-1; preset trading plan; accelerated share repurchase; payout policy; financial crisis; repurchase plan completion rates; announcement returns; financial flexibility; blackout windows

32.

How Does an LBO Impact the Target's Industry?

Number of pages: 58 Posted: 31 Aug 2014 Last Revised: 17 Jan 2018
Jarrad Harford, Jared R. Stanfield and Feng Zhang
University of Washington, University of Oklahoma and Southern Methodist University (SMU) - Finance Department
Downloads 638 (72,535)
Citation 1

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leverage buyouts, mergers and acquisitions, industry peers

33.

Analyst Career Concerns, Effort Allocation, and Firms’ Information Environment

Review of Financial Studies, Forthcoming
Number of pages: 65 Posted: 06 Apr 2017 Last Revised: 24 Aug 2018
Jarrad Harford, Feng Jiang, Rong Wang and Fei Xie
University of Washington, University at Buffalo - School of Management, Singapore Management University and University of Delaware - Lerner College of Business and Economics
Downloads 628 (73,967)
Citation 19

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Sell-side analysts; Effort allocation; Limited attention; Career concerns; Earnings forecast; Stock recommendation; Firm information environment; Labor market outcomes

34.

Financial Buyers vs. Strategic Buyers

AFA 2012 Chicago Meetings Paper
Number of pages: 56 Posted: 15 Dec 2010 Last Revised: 01 Apr 2013
Marc Martos-Vila, Matthew Rhodes-Kropf and Jarrad Harford
London Business School - Department of Finance, Harvard Business School - Entrepreneurial Management Unit and University of Washington
Downloads 621 (74,988)

Abstract:

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private equity, buyout, acquisitions, moral hazard, governance, misvaluation

35.

International Trade and Propagation of Merger Waves

Number of pages: 71 Posted: 20 Apr 2017 Last Revised: 14 Aug 2020
Muhammad Farooq Ahmad, Eric de Bodt and Jarrad Harford
SKEMA Business School – Université Côte d'Azur, NHH and University of Washington
Downloads 612 (76,333)
Citation 6

Abstract:

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International Trade Merger Waves

36.

Conflicts of Interests Among Shareholders: The Case of Corporate Acquisitions

Downloads 601 (78,036)

Conflicts of Interests Among Shareholders: The Case of Corporate Acquisitions

MIT Sloan Research Paper No. 4653-07, Rock Center for Corporate Governance Working Paper No. 35
Number of pages: 50 Posted: 01 Dec 2006 Last Revised: 29 Sep 2009
Kai Li, Jarrad Harford and Dirk Jenter
University of British Columbia (UBC) - Sauder School of Business, University of Washington and London School of Economics & Political Science (LSE) - Department of Finance
Downloads 538 (88,650)

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cross-holdings, shareholder heterogeneity, target selection, mergers and acquisitions, toeholds, synergies, agency

Conflicts of Interests Among Shareholders: The Case of Corporate Acquisitions

NBER Working Paper No. w13274
Number of pages: 49 Posted: 23 Jul 2007 Last Revised: 10 Apr 2022
Jarrad Harford, Kai Li and Dirk Jenter
University of Washington, University of British Columbia (UBC) - Sauder School of Business and London School of Economics & Political Science (LSE) - Department of Finance
Downloads 63 (597,844)

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37.

Disloyal Managers and Shareholders’ Wealth

Number of pages: 59 Posted: 11 Jun 2021
Eliezer M. Fich, Jarrad Harford and Anh L. Tran
Drexel University - Department of Finance, University of Washington and Bayes Business School (formerly Cass Business School), City University of London
Downloads 572 (83,031)
Citation 6

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Corporate opportunities waiver; Innovation; Marginal value of cash; Acquisitions; Firm value

38.

The Effect of Takeover Protection in Quiet Life and Bonding Firms

Number of pages: 57 Posted: 16 Mar 2016 Last Revised: 15 Feb 2022
Eliezer M. Fich, Jarrad Harford and Adam S. Yore
Drexel University - Department of Finance, University of Washington and University of Missouri at Columbia - Department of Finance
Downloads 566 (84,150)
Citation 2

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Business combination laws; Poison pills; Quiet life; Bonding hypothesis; Cash value

39.

Decoupling CEO Wealth and Firm Performance: The Case of Acquiring CEOS

Sauder School of Business Working Paper
Number of pages: 50 Posted: 17 Mar 2005
Kai Li and Jarrad Harford
University of British Columbia (UBC) - Sauder School of Business and University of Washington
Downloads 558 (85,705)
Citation 62

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acquisitions, capital expenditures, corporate governance, equity incentives, pay-performance sensitivity

40.

CEO Pay Cuts and Forced Turnover: Their Causes and Consequences

Journal of Corporate Finance, Forthcoming
Number of pages: 48 Posted: 19 Mar 2009 Last Revised: 02 Jan 2012
Huasheng Gao, Jarrad Harford and Kai Li
Fanhai International School of Finance, Fudan University, University of Washington and University of British Columbia (UBC) - Sauder School of Business
Downloads 527 (92,032)
Citation 4

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CEO turnover, corporate governance, executive compensation, pay cuts, pay-for-performance sensitivity

41.

Anticompetitive Effects of Horizontal Acquisitions: The Impact of Within-Industry Product Similarity

Number of pages: 112 Posted: 12 Sep 2018 Last Revised: 18 Apr 2021
Maryam Fathollahi, Jarrad Harford and Sandy Klasa
University of Oklahoma- Division of Finance, University of Washington and University of Arizona - Department of Finance
Downloads 523 (92,878)
Citation 17

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Horizontal acquisitions, Industry competition, Product similarity

42.

The Innovation Arms Race

Number of pages: 92 Posted: 01 Oct 2020 Last Revised: 18 Nov 2022
Muhammad Farooq Ahmad, Eric de Bodt and Jarrad Harford
SKEMA Business School – Université Côte d'Azur, NHH and University of Washington
Downloads 505 (96,920)
Citation 2

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Innovative Acquisitions, Innovation, Competition

43.

Trade Relationships, Indirect Economic Links, and Mergers

26th Australasian Finance and Banking Conference 2013
Number of pages: 73 Posted: 18 Nov 2012 Last Revised: 03 Dec 2019
Jarrad Harford, Robert J. Schonlau and Jared R. Stanfield
University of Washington, Colorado State University, Fort Collins - Department of Finance & Real Estate and University of Oklahoma
Downloads 472 (105,105)
Citation 16

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Mergers & Acquisitions, Product Market, Horizontal, Vertical, Supply Chain, Rivals

44.

Information Asymmetry, Information Dissemination and the Effect of Regulation FD on the Cost of Capital

Journal of Financial Economics, Forthcoming
Number of pages: 48 Posted: 29 Mar 2007
Jefferson Duarte, Xi Han, Jarrad Harford and Lance A. Young
Rice University, University of Washington - Department of Finance and Business Economics, University of Washington and University of Washington - Department of Finance and Business Economics
Downloads 416 (121,938)
Citation 6

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Regulation FD, Cost of Capital, Information Asymmetry

45.

What Do Questions Reveal? Skill Acquisition, Detection, and Recognition in the Capital Markets

Number of pages: 79 Posted: 08 Jan 2021 Last Revised: 03 Oct 2022
Ling Cen, Yanru Han and Jarrad Harford
The Chinese University of Hong Kong, Stevens Institute of Technology - School of Business and University of Washington
Downloads 377 (136,393)

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Topic-Specific Skills; Information Processing; Supply Chain

46.

Ex-post Bargaining, Corporate Cash Holdings, and Executive Compensation

Number of pages: 46 Posted: 30 Jul 2015 Last Revised: 18 Apr 2016
Yingmei Cheng, Jarrad Harford, Irena Hutton and Stephan Shipe
Florida State University - College of Business, University of Washington, Florida State University - College of Business and Wake Forest University
Downloads 359 (143,977)
Citation 4

Abstract:

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corporate cash holdings, executive compensation

47.

Firm-Level Labor-Shortage Exposure

Number of pages: 89 Posted: 18 Apr 2023 Last Revised: 30 Aug 2023
Jarrad Harford, Qiyang He and Buhui Qiu
University of Washington, The University of Sydney - Discipline of Finance and University of Sydney Business School
Downloads 354 (146,181)

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Labor-shortage Exposure, Machine Learning, FinBERT, Stock Returns, Operating Performance, Corporate Investment, Process Patent, COVID-19 Crisis

48.

Does the Director Labor Market Offer Ex Post Settling-Up for CEOs? The Case of Acquisitions

AFA 2013 San Diego Meetings Paper
Number of pages: 49 Posted: 15 Mar 2012 Last Revised: 03 Dec 2012
Jarrad Harford and Robert J. Schonlau
University of Washington and Colorado State University, Fort Collins - Department of Finance & Real Estate
Downloads 325 (160,242)
Citation 29

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boards, directors, mergers and acquisitions, CEOs, director labor market, ex post settling-up, career concerns

49.

Correlated Order Flow: Pervasiveness, Sources, and Pricing Effects

Number of pages: 43 Posted: 23 Jun 2003
Jarrad Harford and Aditya Kaul
University of Washington and University of Alberta - Department of Finance and Statistical Analysis
Downloads 317 (164,507)
Citation 4

Abstract:

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50.

Do Concentrated Trading Equilibria Exist? The Migration of Informed Trading Following Index Addition

Number of pages: 39 Posted: 30 Nov 1998
Jarrad Harford and Aditya Kaul
University of Washington and University of Alberta - Department of Finance and Statistical Analysis
Downloads 313 (166,719)
Citation 3

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51.

Do Insiders Time Management Buyouts and Freezeouts to Buy Undervalued Targets?

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 79 Posted: 05 Jun 2016 Last Revised: 10 Sep 2018
Jarrad Harford, Jared R. Stanfield and Feng Zhang
University of Washington, University of Oklahoma and Southern Methodist University (SMU) - Finance Department
Downloads 310 (168,432)
Citation 3

Abstract:

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management buyouts, freezeout acquisitions, market timing, conflicts of interest

52.

Better Kept in the Dark? Portfolio Disclosure and Agency Problems in Mutual Funds

Journal of Financial and Quantitative Analysis, Forthcoming
Number of pages: 74 Posted: 05 Apr 2017 Last Revised: 17 Sep 2020
Teodor Dyakov, Jarrad Harford and Buhui Qiu
EDHEC Business School, University of Washington and University of Sydney Business School
Downloads 308 (169,597)

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Portfolio Disclosure, Agency Problems, Mutual Funds

53.

Merger Waves: A Survey of the Literature

Number of pages: 51 Posted: 18 Oct 2022
Jarrad Harford
University of Washington
Downloads 271 (194,949)

Abstract:

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mergers, acquisitions, merger waves

54.

Corporate Financial Policies in Overvalued Debt Markets

Number of pages: 58 Posted: 13 Jan 2013 Last Revised: 21 Aug 2015
Jarrad Harford, Marc Martos-Vila and Matthew Rhodes-Kropf
University of Washington, London Business School - Department of Finance and Harvard Business School - Entrepreneurial Management Unit
Downloads 258 (204,073)
Citation 5

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Debt Misvaluation, Capital Structure, Cash Holdings, Credit Ratings, Debt Issuance, Financial Constraints, Investment, Mergers and Acquisitions, Moody's, Moral Hazard

55.

Does a VC’s Commitment Lead to Improved Investment Outcomes? Evidence From Climate Startups

UNSW Business School Research Paper
Number of pages: 61 Posted: 19 Sep 2022 Last Revised: 02 Aug 2023
Aaron Burt, Jarrad Harford, Jared R. Stanfield and Jason Zein
University of Oklahoma - Division of Finance, University of Washington, University of Oklahoma and UNSW Business School
Downloads 227 (230,250)
Citation 1

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Venture Capital, Private Equity, Impact Investing, Climate, Political, Performance

56.

What Does ESG Investing Mean and Does It Matter Yet?

Number of pages: 56 Posted: 26 Jun 2023
Abed El Karim Farroukh, Jarrad Harford and David (Dongheon) Shin
Indiana University - Kelley School of Business, University of Washington and University of Oklahoma - Michael F. Price College of Business
Downloads 196 (263,644)

Abstract:

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Mutual funds, sustainable investing

57.

Financial vs. Strategic Buyers

NBER Working Paper No. w19378
Number of pages: 52 Posted: 30 Aug 2013 Last Revised: 14 Jun 2023
Marc Martos-Vila, Matthew Rhodes-Kropf and Jarrad Harford
London Business School - Department of Finance, Harvard Business School - Entrepreneurial Management Unit and University of Washington
Downloads 179 (285,676)
Citation 4

Abstract:

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58.

Maturity Overhang: Evidence from M&A

Boston University Questrom School of Business Research Paper No. 4280419
Number of pages: 55 Posted: 22 Nov 2022 Last Revised: 27 Nov 2023
Zhiyao Chen, Dirk Hackbarth, Jarrad Harford and Yuxin Luo
Lingnan University - Department of Finance and Insurance, Boston University - Questrom School of Business, University of Washington and Boston University - Questrom School of Business
Downloads 174 (292,863)

Abstract:

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Mergers, Rollover risk, Debt maturity, Cash holding, Leverage

59.

Measuring the Effectiveness of Australia's Statutory-Backed Continuous Disclosure Policy on ‘Innovative’ Investment Disclosures

CIFR Paper No. 51/2015
Number of pages: 48 Posted: 15 Jan 2015
Jarrad Harford and Ronan Powell
University of Washington and University College Dublin (UCD) - Michael Smurfit Graduate School of Business
Downloads 110 (419,962)
Citation 1

Abstract:

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Continuous disclosure; Regulation change; Innovation; R&D; IT; Abnormal returns

60.

Geographic Overlap, Agglomeration Externalities and Post-Merger Restructuring

Number of pages: 50 Posted: 31 May 2023 Last Revised: 27 Nov 2023
Jarrad Harford, Samuel Piotrowski and Yiming Qian
University of Washington, Norwegian School of Economics and University of Connecticut - Department of Finance
Downloads 62 (597,975)

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Mergers and acquisitions, Geography, Agglomeration, Externalities, Restructuring

61.

What Drives Merger Waves?

Posted: 11 Nov 2004
Jarrad Harford
University of Washington

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Mergers and acquisitions, takeover, merger waves, behavioral, capital liquidity

62.

The Cash-Flow Permanence and Information Content of Dividend Increases Versus Repurchases

Posted: 10 Apr 2001
Wayne R. Guay and Jarrad Harford
University of Pennsylvania - Accounting Department and University of Washington

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Payout policy; Stock repurchase; Buy-back; Payout choice; Dividend signaling