Aris Stouraitis

Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences

Professor

Hong Kong

  • Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences

SCHOLARLY PAPERS

21

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Top 7,802

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170

CROSSREF CITATIONS

58

Scholarly Papers (21)

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1.

How Much do Firms Pay as Bribes and What Benefits do They Get? Evidence from Corruption Cases Worldwide

Downloads 1,580 (22,932)
Citation 21

How Much do Firms Pay as Bribes and What Benefits do They Get? Evidence from Corruption Cases Worldwide

24th Australasian Finance and Banking Conference 2011 Paper
Number of pages: 39 Posted: 28 Feb 2011 Last Revised: 14 Sep 2012
Stephen Yan-Leung Cheung, P. Raghavendra Rau and Aris Stouraitis
City University of Hong Kong (CityU) - Department of Economics & Finance, University of Cambridge and Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences
Downloads 1,460 (25,350)
Citation 1

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Corruption, bribes, firm performance, country characteristics

How Much Do Firms Pay as Bribes and What Benefits Do They Get? Evidence from Corruption Cases Worldwide

NBER Working Paper No. w17981
Number of pages: 71 Posted: 06 Apr 2012 Last Revised: 18 Feb 2023
Yan-Leung Cheung, P. Raghavendra Rau and Aris Stouraitis
The Education University of Hong Kong, University of Cambridge and Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences
Downloads 120 (446,161)
Citation 11

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2.

Tunneling, Propping, and Expropriation: Evidence from Connected Party Transactions in Hong Kong

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Citation 26

Tunneling, Propping and Expropriation: Evidence from Connected Party Transactions in Hong Kong

Journal of Financial Economics, Vol. 82, pp. 343-386, 2006
Posted: 09 Aug 2004
Aris Stouraitis, Stephen Yan-Leung Cheung and P. Raghavendra Rau
Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences, City University of Hong Kong (CityU) - Department of Economics & Finance and University of Cambridge

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International corporate governance, legal systems, expropriation, connected transactions, pyramids, tunneling, propping

3.

Tunneling and Propping Up: An Analysis of Related Party Transactions by Chinese Listed Companies

Pacific-Basin Finance Journal, 17 (3), 372-393, 2009.
Number of pages: 52 Posted: 20 Oct 2008 Last Revised: 14 Sep 2012
Stephen Yan-Leung Cheung, Lihua Jing, Tong Lu, P. Raghavendra Rau and Aris Stouraitis
City University of Hong Kong (CityU) - Department of Economics & Finance, affiliation not provided to SSRN, affiliation not provided to SSRN, University of Cambridge and Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences
Downloads 1,518 (24,361)
Citation 11

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International corporate governance, China, Related party transactions, Tunneling, Propping

4.

Helping Hand or Grabbing Hand? Central vs. Local Government Shareholders in Chinese Listed Firms

Downloads 1,297 (30,777)
Citation 27

Helping Hand or Grabbing Hand? Central vs. Local Government Shareholders in Chinese Listed Firms

Number of pages: 29 Posted: 18 Mar 2005 Last Revised: 28 Jul 2009
Stephen Yan-Leung Cheung, P. Raghavendra Rau and Aris Stouraitis
City University of Hong Kong (CityU) - Department of Economics & Finance, University of Cambridge and Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences
Downloads 1,297 (30,263)
Citation 27

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Law and finance, Government ownership, China, State-Owned Enterprises (SOE), Related party transactions, Political connections, Expropriation, Tunneling

Helping Hand or Grabbing Hand? Central Vs. Local Government Shareholders in Chinese Listed Firms

Review of Finance, 14(4), 669-694, 2010
Posted: 03 Aug 2009 Last Revised: 14 Sep 2012
Stephen Yan-Leung Cheung, P. Raghavendra Rau and Aris Stouraitis
City University of Hong Kong (CityU) - Department of Economics & Finance, University of Cambridge and Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences

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Law and finance; Government ownership, China, State-Owned Enterprises (SOE), Related party transactions, Political connections, Expropriation

5.

Patterns in the Timing of Corporate Event Waves

Downloads 879 (53,315)
Citation 21

Patterns in the Timing of Corporate Event Waves

Number of pages: 46 Posted: 08 Mar 2007 Last Revised: 10 Jun 2009
P. Raghavendra Rau and Aris Stouraitis
University of Cambridge and Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences
Downloads 879 (52,533)
Citation 21

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merger waves, new issue waves, corporate event cycles, over-reaction, Repurchase waves

Patterns in the Timing of Corporate Event Waves

Journal of Financial and Quantitative Analysis (JFQA), 46(1), 209-246, 2011
Posted: 28 Jul 2009 Last Revised: 14 Sep 2012
P. Raghavendra Rau and Aris Stouraitis
University of Cambridge and Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences

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Merger waves, New issue waves, Repurchase waves, Corporate event cycles

6.

An Ill Wind? Terrorist Attacks and CEO Compensation

Downloads 777 (63,041)
Citation 40

An Ill Wind? Terrorist Attacks and CEO Compensation

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 51 Posted: 30 Oct 2018
Yunhao Dai, P. Raghavendra Rau, Aris Stouraitis, Weiqiang Tan and Weiqiang Tan
Huazhong University of Science and Technology, University of Cambridge, Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences and Education University of Hong KongThe Education University of Hong Kong
Downloads 465 (118,701)
Citation 39

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Terrorist Attacks, Executive Compensation, Compensation Structure, CEO Labor Market, Non-Monetary Compensation

An Ill Wind? Terrorist Attacks and CEO Compensation

Number of pages: 51 Posted: 07 Sep 2017 Last Revised: 09 Oct 2018
Yunhao Dai, P. Raghavendra Rau, Aris Stouraitis, Weiqiang Tan and Weiqiang Tan
Huazhong University of Science and Technology, University of Cambridge, Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences and Education University of Hong KongThe Education University of Hong Kong
Downloads 312 (186,113)
Citation 1

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Terrorist attacks, Executive compensation, Compensation structure, CEO labor market

7.

Can Serial Acquirers Be Profiled?

Number of pages: 75 Posted: 01 Oct 2015 Last Revised: 16 Jul 2016
Antonio J. Macias, P. Raghavendra Rau and Aris Stouraitis
Baylor University, University of Cambridge and Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences
Downloads 603 (87,117)
Citation 2

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Serial acquirers; Mergers; Acquisitions; M&A; Firm characteristics; Overvaluation; Efficiency; Industry Effects; Path dependency; Learning

8.

What Determines the Return to Bribery? Evidence From Corruption Cases Worldwide

Management Science, Management Science, volume 67, issue 10, 2021 [10.1287/mnsc.2020.3763]
Number of pages: 76 Posted: 20 Jul 2020
Yan-Leung Cheung, P. Raghavendra Rau and Aris Stouraitis
The Education University of Hong Kong, University of Cambridge and Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences
Downloads 595 (88,623)
Citation 7

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Corruption, bribes, firm performance, country characteristics

9.

Buy High, Sell Low: How Listed Firms Price Asset Transfers in Related Party Transactions

Downloads 512 (106,910)
Citation 11

Buy High, Sell Low: How Listed Firms Price Asset Transfers in Related Party Transactions

Number of pages: 41 Posted: 20 Oct 2008 Last Revised: 10 Sep 2023
Stephen Yan-Leung Cheung, P. Raghavendra Rau, Aris Stouraitis and Yuehua Qi
City University of Hong Kong (CityU) - Department of Economics & Finance, University of Cambridge, Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences and affiliation not provided to SSRN
Downloads 512 (105,685)
Citation 11

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International corporate governance, Expropriation, Related party transactions, Tunneling

Buy High, Sell Low: How Listed Firms Price Asset Transfers in Related Party Transactions

Journal of Banking and Finance, 33 (5), 914-924, 2009
Posted: 10 Dec 2008 Last Revised: 10 Sep 2023
Stephen Yan-Leung Cheung, Yuehua Qi, P. Raghavendra Rau and Aris Stouraitis
City University of Hong Kong (CityU) - Department of Economics & Finance, affiliation not provided to SSRN, University of Cambridge and Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences

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International corporate governance, Expropriation, Related party transactions, Tunneling

10.

Index Options Trading and Sentiment

Number of pages: 38 Posted: 14 Dec 2021
Li Wang, Sophie Xiaoyan Ni and Aris Stouraitis
Case Western Reserve University, Hong Kong Baptist University (HKBU) and Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences
Downloads 368 (156,995)

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index option, investor sentiment, risk aversion, return prediction

11.

Does the market understand the ex ante risk of expropriation by controlling shareholders?

Downloads 272 (216,297)

Does the market understand the ex ante risk of expropriation by controlling shareholders?

Number of pages: 55 Posted: 18 Jan 2016 Last Revised: 02 Apr 2021
Yan-Leung Cheung, P. Raghavendra Rau, Aris Stouraitis, Weiqiang Tan and Weiqiang Tan
The Education University of Hong Kong, University of Cambridge, Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences and Education University of Hong KongThe Education University of Hong Kong
Downloads 193 (299,393)
Citation 2

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International corporate governance, Expropriation, Cash holdings, Intra-group loans, Pyramids, Tunneling

Does the Market Understand the Ex Ante Risk of Expropriation by Controlling Shareholders?

Journal of Corporate Finance, Forthcoming
Number of pages: 55 Posted: 06 Apr 2021
Yan-Leung Cheung, P. Raghavendra Rau, Aris Stouraitis, Weiqiang Tan and Weiqiang Tan
The Education University of Hong Kong, University of Cambridge, Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences and Education University of Hong KongThe Education University of Hong Kong
Downloads 79 (594,962)

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International corporate governance, Expropriation, Operating assets, Cash holdings, Intra-group loans, Pyramids, Tunneling

12.

Solving Serial Acquirer Puzzles

Downloads 86 (236,971)

Solving Serial Acquirer Puzzles

Review of Corporate Finance Studies, Forthcoming
Number of pages: 62 Posted: 26 Jun 2023
Antonio J. Macias, P. Raghavendra Rau and Aris Stouraitis
Baylor University, University of Cambridge and Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences
Downloads 86 (564,666)

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Mergers; Acquisitions; M&A; Serial acquirers; Anticipation; Return Persistence; Misvaluation

13.

Anticipating Acquirers

Number of pages: 79 Posted: 11 Mar 2020 Last Revised: 03 Jun 2020
Antonio J. Macias, P. Raghavendra Rau and Aris Stouraitis
Baylor University, University of Cambridge and Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences
Downloads 201 (289,191)
Citation 3

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Serial acquirers, Mergers, Acquisitions, M&A, Anticipation, Persistence, Misvaluation

14.

Overvaluation, Bidder Returns, and the Method of Payment in Acquisitions: Evidence from Serial Acquirers

Number of pages: 49 Posted: 15 Mar 2012 Last Revised: 12 Nov 2016
Antonio J. Macias, P. Raghavendra Rau and Aris Stouraitis
Baylor University, University of Cambridge and Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences
Downloads 151 (371,334)

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Serial acquirers; Methods of payment; Firm characteristics; Overvaluation

15.

An Analysis of the Characteristics of Firms Conducting Corporate Events Inside and Outside Waves

Number of pages: 46 Posted: 11 Nov 2016
Antonio J. Macias, P. Raghavendra Rau and Aris Stouraitis
Baylor University, University of Cambridge and Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences
Downloads 88 (550,549)

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Merger waves; Seasoned equity issue waves; Repurchase waves; Firm characteristics

16.

The Information Content of Analyst Revisions, Stock Price Synchronicity and Ownership Structure: Updated Evidence From China

Downloads 61 (673,295)

The Information Content of Analyst Revisions, Stock Price Synchronicity and Ownership Structure: Updated Evidence From China

Number of pages: 48 Posted: 17 Apr 2024
Peter Wing Shing Jor and Aris Stouraitis
City University of Hong Kong (CityU) - Department of Economics and Finance and Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences
Downloads 36 (858,736)

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analyst recommendations, revisions, stock price synchronicity, ownership structure, corporate governance

The Information Content of Analyst Revisions, Stock Price Synchronicity and Ownership Structure: Updated Evidence from China

Number of pages: 48 Posted: 20 Apr 2024
Peter Wing Shing Jor and Aris Stouraitis
City University of Hong Kong (CityU) - Department of Economics and Finance and Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences
Downloads 25 (961,431)

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Analyst recommendations, revisions, stock price synchronicity, ownership structure, corporate governance

17.

Seeing is Believing: Annual Report Readability and Analyst Site Visits in China

Downloads 58 (689,555)

Seeing is Believing: Annual Report Readability and Analyst Site Visits in China

Number of pages: 54 Posted: 16 Apr 2024
Yaohua Qin, Aris Stouraitis, Nan Wang and He Xiao
Beijing Normal University-Hong Kong Baptist University United International College, Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences, Hong Kong Baptist University (HKBU) and BNU-HKBU United International College
Downloads 44 (795,666)

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analysts, company visit, annual report, readability, information asymmetry

Seeing is Believing: Annual Report Readability and Analyst Site Visits in China

Number of pages: 54 Posted: 16 Apr 2024
Yaohua Qin, Aris Stouraitis, Nan Wang and He Xiao
Beijing Normal University-Hong Kong Baptist University United International College, Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences, Hong Kong Baptist University and BNU-HKBU United International College
Downloads 14 (1,084,611)

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Analysts, company visit, annual report, readability, information asymmetry

18.

The Endogeneity of the Separation between Cash Flow and Control Rights: Evidence from Hong Kong

Number of pages: 54 Posted: 17 Apr 2024
Yaohua Qin and Aris Stouraitis
Beijing Normal University-Hong Kong Baptist University United International College and Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences
Downloads 11 (1,080,658)

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control rights, cash flow rights, expropriation, ownership concentration, wedge

19.

Is the Separation between Cash Flow and Control Rights a Good Proxy for Minority Shareholder Expropriation?

Number of pages: 20 Posted: 09 May 2024
Yaohua Qin and Aris Stouraitis
Beijing Normal University-Hong Kong Baptist University United International College and Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences
Downloads 9 (1,101,892)

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control rights, cash flow rights, expropriation, ownership concentration, wedge

20.

Reversing Corporate Diversification and the Use of the Proceeds from Asset Sales: The Case of Thorn Emi

Financial Management, Vol. 30, Iss. 4, Winter 2001
Posted: 08 Jan 2002
Aris Stouraitis, Kevin M.J. Kaiser and Kevin M.J. Kaiser
Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences and The Wharton SchoolINSEAD - Finance

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21.

Agency Costs and Strategic Considerations Behind Sell-Offs: The UK Evidence

Posted: 14 Sep 2000
Aris Stouraitis, Kevin M.J. Kaiser and Kevin M.J. Kaiser
Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences and The Wharton SchoolINSEAD - Finance

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Corporate Structuring, Sell-offs, Agency Costs, Refocusing