Arif Khurshed

University of Manchester - Manchester Business School, Division of Accounting Finance

Crawford House

Oxford Road

Manchester , M15 6PB

United Kingdom

SCHOLARLY PAPERS

33

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CITATIONS
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85

Scholarly Papers (33)

1.

On the Long-Run Performance of IPOs: The Effect of Pre-IPO Management Decisions

Number of pages: 41 Posted: 09 Nov 2001
Arif Khurshed, Marc Goergen and Ram Mudambi
University of Manchester - Manchester Business School, Division of Accounting Finance, Cardiff University - Cardiff Business School and Temple University - Department of Strategic Management
Downloads 1,296 (10,991)
Citation 1

Abstract:

IPOs, long-run performance, signals

2.

Explaining the Diversity in Shareholder Lockup Agreements

Journal of Financial Intermediation, Vol. 15, No. 2, pp. 254-280, April 2006, ECGI - Finance Working Paper No. 48/2004, EFA 2004 Maastricht Meetings Paper No. 1469
Number of pages: 38 Posted: 25 Jul 2004
Marc Goergen, Arif Khurshed and Luc Renneboog
Cardiff University - Cardiff Business School, University of Manchester - Manchester Business School, Division of Accounting Finance and Tilburg University - Department of Finance
Downloads 1,045 (13,685)
Citation 5

Abstract:

Initial public offerings, lockup agreements, underpricing, asymmetric informa-tion, agency costs, valuation

The Effects of Ownership and Stock Liquidity on the Timing of Repurchase Transactions

Number of pages: 59 Posted: 12 Jul 2011 Last Revised: 26 Aug 2012
University of Manchester - Alliance Manchester Business School - Finance & Accounting Group, University of Manchester - Manchester Business School, University of Manchester - Manchester Business School, Division of Accounting Finance and USC Gould School of Law
Downloads 923 (19,218)
Citation 4

Abstract:

open market repurchase, timing, ownership, liquidity

The Effects of Ownership and Stock Liquidity on the Timing of Repurchase Transactions

Journal of Corporate Finance, Vol. 18, 2012
Number of pages: 59 Posted: 01 Jul 2011 Last Revised: 26 Aug 2012
University of Manchester - Alliance Manchester Business School - Finance & Accounting Group, University of Manchester - Manchester Business School, University of Manchester - Manchester Business School, Division of Accounting Finance and USC Gould School of Law
Downloads 102 (222,601)
Citation 4

Abstract:

Open market repurchase, timing, ownership, liquidity

4.

The Rise and Fall of the European New Markets: On the Short and Long-run Performance of High-tech Initial Public Offerings

ECGI - Finance Working Paper No. 27/2003
Number of pages: 44 Posted: 17 Sep 2003
Cardiff University - Cardiff Business School, University of Manchester - Manchester Business School, Division of Accounting Finance, Tilburg University - School of Law; European Banking Center (EBC) and Tilburg University - Department of Finance
Downloads 765 (23,572)
Citation 7

Abstract:

initial public offerings, underpricing, long-term performance, stock exchange regulation, listing rules

5.

The Operating Performance of Initial Public Offerings: The UK Experience

Universita di Bergamo Working Paper
Number of pages: 29 Posted: 19 Nov 2003
Arif Khurshed, Stefano Paleari and Silvio Vismara
University of Manchester - Manchester Business School, Division of Accounting Finance, University of Bergamo - SIGE Sezione di Ingegneria Gestionale and University of Bergamo
Downloads 681 (25,825)
Citation 5

Abstract:

Initial Public, Going public, Operating Performance

6.

Lock-in Agreements in Venture Capital-backed UK IPOs

ECGI - Finance Working Paper No. 26/2003
Number of pages: 73 Posted: 17 Sep 2003
University of Manchester - Division of Accounting and Finance, Cardiff University - Cardiff Business School, University of Manchester - Manchester Business School, Division of Accounting Finance and Tilburg University - Department of Finance
Downloads 599 (34,213)
Citation 12

Abstract:

Initial public offerings, lock-in agreements, high-tech firms, venture capital

7.

The Operating and SharePrice Performance of Initial Public Offerings: The UK Experience

Number of pages: 29 Posted: 24 May 2005
Arif Khurshed, Stefano Paleari and Silvio Vismara
University of Manchester - Manchester Business School, Division of Accounting Finance, University of Bergamo - SIGE Sezione di Ingegneria Gestionale and University of Bergamo
Downloads 597 (31,083)
Citation 5

Abstract:

Initial Public Offerings (IPOs), going public, operating performance, long-run

8.

Lock-In Agreements in the UK: Is There a Fourth IPO Anomaly?

EFMA 2001 Lugano Meetings
Number of pages: 34 Posted: 16 Apr 2001
Susanne Espenlaub, Marc Goergen and Arif Khurshed
University of Manchester - Division of Accounting and Finance, Cardiff University - Cardiff Business School and University of Manchester - Manchester Business School, Division of Accounting Finance
Downloads 535 (38,839)
Citation 14

Abstract:

Initial public offerings, lock-in, high-tech

9.

Why are the French so Different from the Germans? Underpricing of IPOs on the Euro New Markets

International Review of Law and Economics, Forthcoming, TILEC Discussion Paper No. 2009-022
Number of pages: 41 Posted: 02 May 2006 Last Revised: 06 Jul 2009
Arif Khurshed, Marc Goergen and Luc Renneboog
University of Manchester - Manchester Business School, Division of Accounting Finance, Cardiff University - Cardiff Business School and Tilburg University - Department of Finance
Downloads 476 (45,843)
Citation 1

Abstract:

IPOs, underpricing, venture capital, high technology, European New Markets, lock-up agreements

10.

Institutional Block-Holdings of UK Firms: Do Corporate Governance Mechanisms Matter?

Number of pages: 36 Posted: 23 Feb 2007 Last Revised: 20 Dec 2009
Arif Khurshed, Steve W. J. Lin and Mingzhu Wang
University of Manchester - Manchester Business School, Division of Accounting Finance, Florida International University (FIU) - School of Accounting and University of Manchester
Downloads 393 (58,019)
Citation 1

Abstract:

institutional ownership, directors’ ownership, board structure, corporate governance

A Dissection of Bookbuilt IPOs: Subscriptions, Underpricing, and Initial Returns

Number of pages: 48 Posted: 18 Mar 2009
Arif Khurshed, Alok Pande and Ajai K. Singh
University of Manchester - Manchester Business School, Division of Accounting Finance, Government of India and Department of Finance, University of Central Florida
Downloads 192 (131,992)
Citation 3

Abstract:

IPOs, bookbuilding, underpricing, winner's curse, sentiment traders

A Dissection of Bookbuilt IPOs: Subscriptions, Underpricing and Initial Returns

Number of pages: 47 Posted: 25 Feb 2010
Arif Khurshed, Alok Pande and Ajai K. Singh
University of Manchester - Manchester Business School, Division of Accounting Finance, Government of India and Department of Finance, University of Central Florida
Downloads 146 (168,666)
Citation 3

Abstract:

IPOs, Bookbuilding, Underpricing, Winner’s Curse, Sentiment Traders

12.

The Effects of Ownership and Stock Liquidity on the Timing of Repurchase Transactions

5th Annual Conference on Empirical Legal Studies Paper
Number of pages: 52 Posted: 27 May 2009 Last Revised: 26 Aug 2012
University of Manchester - Alliance Manchester Business School - Finance & Accounting Group, University of Manchester - Manchester Business School, University of Manchester - Manchester Business School, Division of Accounting Finance and USC Gould School of Law
Downloads 280 (87,227)
Citation 5

Abstract:

repurchase, timing, insider ownership, institutional ownership

13.

Trading by Directors Around the Expiry of Lock-In Agreements in UK IPOs

Number of pages: 37 Posted: 22 Mar 2002
University of Manchester - Division of Accounting and Finance, Cardiff University - Cardiff Business School, University of Manchester - Manchester Business School, Division of Accounting Finance and Zagrebacka Banka
Downloads 273 (91,077)
Citation 9

Abstract:

initial public offerings, lock-in, lock-up

The Short-Run Price Performance of Investment Trust IPOs on the UK Main Market

Number of pages: 32 Posted: 22 Aug 2001
Ram Mudambi and Arif Khurshed
Temple University - Department of Strategic Management and University of Manchester - Manchester Business School, Division of Accounting Finance
Downloads 246 (103,181)
Citation 2

Abstract:

Initial public offerings, investment trusts, short-run underpricing

The Short-Run Price Performance of Investment Trust IPOs on the UK Main Market

Applied Financial Economics, Vol. 12, No. 10, pp. 697-706, 2002
Posted: 02 Nov 2001
Ram Mudambi and Arif Khurshed
Temple University - Department of Strategic Management and University of Manchester - Manchester Business School, Division of Accounting Finance

Abstract:

Initial public offerings, investment trusts, short-run underpricing

15.

Subscription Patterns, Offer Prices and the Underpricing of IPOs

EFA 2009 Bergen Meetings Paper
Number of pages: 39 Posted: 14 Feb 2009
Arif Khurshed, Alok Pande and Ajai K. Singh
University of Manchester - Manchester Business School, Division of Accounting Finance, Government of India and Department of Finance, University of Central Florida
Downloads 199 (112,546)
Citation 1

Abstract:

IPOs, bookbuilding, underpricing, winner's curse

16.

The Expiry of Lock-in Agreements of UK IPOs: A Look at the Directors' Trading Activity

EFMA 2003 Helsinki Meetings
Number of pages: 39 Posted: 14 Jun 2003
University of Manchester - Division of Accounting and Finance, Cardiff University - Cardiff Business School, University of Manchester - Manchester Business School, Division of Accounting Finance and Zagrebacka Banka
Downloads 180 (136,868)

Abstract:

Initial Public Offerings, Lock-in, High-Tech

17.

Sentiment Traders & IPO Initial Returns

Number of pages: 54 Posted: 20 Mar 2011
Arif Khurshed, Alok Pande and Ajai K. Singh
University of Manchester - Manchester Business School, Division of Accounting Finance, Government of India and Department of Finance, University of Central Florida
Downloads 119 (175,217)

Abstract:

IPOs, bookbuilding, underpricing, winner’s curse, sentiment traders

18.

Foreign Institutional Investment: Is Governance Quality at Home Important?

Journal of International Money and Finance, Vol. 32, 2013
Number of pages: 48 Posted: 08 Mar 2011 Last Revised: 24 Jan 2013
Balikesir University - Bandirma Faculty of Economics and Administrative Sciences, University of Manchester - Manchester Business School, Division of Accounting Finance and The University of Manchester - Alliance Manchester Business School
Downloads 113 (194,217)

Abstract:

Foreign institutional investment, home country effect, flight to quality, familiarity argument

19.

Firm Innovation and Institutional Investment: The Role of the Sarbanes-Oxley Act

The European Journal of Finance, Forthcoming
Number of pages: 37 Posted: 23 Jan 2013
Balikesir University - Bandirma Faculty of Economics and Administrative Sciences, University of Manchester - Manchester Business School, Division of Accounting Finance and The University of Manchester - Alliance Manchester Business School
Downloads 102 (183,681)

Abstract:

Institutional investors; Sarbanes-Oxley Act; Firm Innovation; Information Asymmetry.

20.

Stock Market Listing and the Use of Trade Credit: Evidence from Public and Private Firms

Forthcoming, Journal of Corporate Finance
Number of pages: 62 Posted: 06 Dec 2014 Last Revised: 13 Aug 2017
Yomna Abdulla, Viet Anh Dang and Arif Khurshed
Manchester Business School, Alliance Manchester Business School and University of Manchester - Manchester Business School, Division of Accounting Finance
Downloads 92 (118,202)

Abstract:

Trade credit; Accounts payable; Public firms; Private firms; Speed of adjustment; Financial crisis

21.

Multinationality and the Performance of IPOs

Number of pages: 36 Posted: 20 Sep 2011
Temple University - Department of Strategic Management, Temple University - Department of Management Information Systems, University of Manchester - Manchester Business School, Division of Accounting Finance and Cardiff University - Cardiff Business School
Downloads 79 (238,869)

Abstract:

The Effects of Ownership and Stock Liquidity on the Timing of Repurchase Transactions

Journal of Corporate Finance, Vol. 18, 2012
Posted: 18 Aug 2012
University of Manchester - Alliance Manchester Business School - Finance & Accounting Group, University of Manchester - Manchester Business School, University of Manchester - Manchester Business School, Division of Accounting Finance and USC Gould School of Law

Abstract:

Open market repurchase, timing, ownership, liquidity

23.

Debt Maturity and Initial Public Offerings (IPOs)

Review of Quantitative Finance and Accounting, Forthcoming
Number of pages: 53 Posted: 15 Dec 2014 Last Revised: 21 Jul 2015
Yomna Abdulla, Viet Anh Dang and Arif Khurshed
Manchester Business School, Alliance Manchester Business School and University of Manchester - Manchester Business School, Division of Accounting Finance
Downloads 61 (221,346)

Abstract:

IPO, capital structure, debt maturity, short-term debt, asymmetric information, agency costs.

24.

Information Asymmetry, Disclosure and Foreign Institutional Investment: An Empirical Investigation of the Impact of the Sarbanes-Oxley Act

Leeds University Business School Working Paper No. 15-06
Number of pages: 54 Posted: 08 Apr 2015 Last Revised: 28 Nov 2015
Balikesir University - Bandirma Faculty of Economics and Administrative Sciences, Leeds University Business School, Georgia State University, University of Manchester - Manchester Business School, Division of Accounting Finance and The University of Manchester - Alliance Manchester Business School
Downloads 37 (264,875)

Abstract:

Institutional Foreign Investors, Information Asymmetry, Active and Passive Institutional Investors, Sarbanes-Oxley Act

25.

The Strategy of Going Public: How UK Firms Choose their Listing Contracts

Journal of Business Finance & Accounting, Vol. 33, No. 1-2, pp. 79-101, January/March 2006
Number of pages: 23 Posted: 15 Apr 2006
Marc Goergen, Arif Khurshed and Ram Mudambi
Cardiff University - Cardiff Business School, University of Manchester - Manchester Business School, Division of Accounting Finance and Temple University - Department of Strategic Management
Downloads 14 (480,165)
Citation 8
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Abstract:

26.

Why Do IPO Firms Choose to Trade on the When-Issued Market?

Number of pages: 38 Posted: 20 Aug 2015
University of Manchester - Manchester Business School, Division of Accounting Finance, University of Manchester - Manchester Business School, Cranfield University - School of Management and Manchester Business School, The University of Manchester
Downloads 9 (365,810)

Abstract:

IPOs, when-issued market

27.

Performance-Chasing in Venture Capital Investments

Number of pages: 30 Posted: 20 Aug 2015 Last Revised: 30 Aug 2017
Imtiaz ul Haq and Arif Khurshed
Lahore University of Management Sciences (LUMS) and University of Manchester - Manchester Business School, Division of Accounting Finance
Downloads 9 (376,556)

Abstract:

venture capital, investment behaviour

28.

The Role of Cornerstone and Strategic Investors in IPO Survival

Number of pages: 37 Posted: 20 Aug 2015
University of Manchester - Manchester Business School, University of Manchester - Manchester Business School, Division of Accounting Finance, Cranfield University - School of Management and University of Manchester - Manchester Business School
Downloads 7 (229,011)

Abstract:

survival, IPO, new listings, share allocation, cornerstone investor, strategic investor, demand multiple, Hong Kong

29.

IPO Survival in a Reputational Market

Journal of Business Finance & Accounting, Vol. 39, Issue 3‐4, pp. 427-463, 2012,
Number of pages: 37 Posted: 21 Apr 2012
Susanne Espenlaub, Arif Khurshed and Abdul Mohamed
University of Manchester - Manchester Business School, University of Manchester - Manchester Business School, Division of Accounting Finance and Cranfield University - School of Management
Downloads 1 (550,592)
Citation 2
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Abstract:

IPO, new list(ing), survival, delisting, Alternative Investment Market, AIM, nominated advisor, Nomad

30.

Stock Repurchases and Treasury Share Sales: Do They Stabilize Price and Enhance Liquidity?

Journal of Corporate Finance, Vol. 17, pp. 1558-1579, 2011
Posted: 18 Aug 2008 Last Revised: 01 May 2012
Amedeo De Cesari, Susanne Espenlaub and Arif Khurshed
University of Manchester - Alliance Manchester Business School - Finance & Accounting Group, University of Manchester - Manchester Business School and University of Manchester - Manchester Business School, Division of Accounting Finance

Abstract:

Repurchase, liquidity, price stabilization, bid-ask spread, variance

31.

The Long Run Performance of U.K. IPOs: Can it Be Predicted?

Managerial Finance, Vol. 33, No. 6, pp. 401-419, 2007
Posted: 05 Nov 2007
Arif Khurshed, Marc Goergen and Ram Mudambi
University of Manchester - Manchester Business School, Division of Accounting Finance, Cardiff University - Cardiff Business School and Temple University - Department of Strategic Management

Abstract:

Company performance, Share values, Strategic management, Decision making

32.

Initial Public Offerings: Does Multinationality Matter?

Finance Letters, Vol. 1, No. 1, 2003
Posted: 06 Jun 2003
Arif Khurshed
University of Manchester - Manchester Business School, Division of Accounting Finance

Abstract:

IPOs, Multinationality, Short-Run Performance, Long-Run Performance

33.

IPO Lock-in Agreements in the UK

Journal of Business Finance & Accounting, Vol. 28, No. 9-10, November/December 2001
Posted: 19 Feb 2002
Susanne Espenlaub, Marc Goergen and Arif Khurshed
University of Manchester - Division of Accounting and Finance, Cardiff University - Cardiff Business School and University of Manchester - Manchester Business School, Division of Accounting Finance

Abstract:

Initial Public Offerings, Lock-in, High-Tech