Arif Khurshed

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

Crawford House

Oxford Road

Manchester , M15 6PB

United Kingdom

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

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SCHOLARLY PAPERS

39

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79

Scholarly Papers (39)

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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, IE Business School, IE University and Temple University - Department of Strategic Management
Downloads 1,418 (14,076)

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IPOs, long-run performance, signals

2.

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

Downloads 1,279 ( 16,488)
Citation 5

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
Amedeo De Cesari, Susanne Espenlaub, Arif Khurshed and Michael Simkovic
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 University of Southern California Gould School of Law
Downloads 1,166 (18,620)
Citation 3

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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
Amedeo De Cesari, Susanne Espenlaub, Arif Khurshed and Michael Simkovic
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 University of Southern California Gould School of Law
Downloads 113 (264,894)
Citation 2

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Open market repurchase, timing, ownership, liquidity

3.

Explaining the Diversity in Shareholder Lockup Agreements

Journal of Financial Intermediation, Vol. 15, No. 2, pp. 254-280, April 2006
Number of pages: 38 Posted: 25 Jul 2004
Marc Goergen, Arif Khurshed and Luc Renneboog
IE Business School, IE University, University of Manchester - Manchester Business School, Division of Accounting Finance and Tilburg University - Department of Finance
Downloads 1,270 (16,669)
Citation 3

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

4.

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 889 (28,229)
Citation 5

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Initial Public, Going public, Operating Performance

5.

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
Marc Goergen, Arif Khurshed, Joseph A. McCahery and Luc Renneboog
IE Business School, IE University, 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 872 (28,947)
Citation 7

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

6.

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 706 (38,766)
Citation 8

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

7.

Lock-In Agreements in Venture Capital-Backed UK Ipos

ECGI - Finance Working Paper No. 26/2003
Number of pages: 73 Posted: 17 Sep 2003
Susanne Espenlaub, Marc Goergen, Arif Khurshed and Luc Renneboog
University of Manchester - Division of Accounting and Finance, IE Business School, IE University, University of Manchester - Manchester Business School, Division of Accounting Finance and Tilburg University - Department of Finance
Downloads 657 (42,725)
Citation 7

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

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, IE Business School, IE University and University of Manchester - Manchester Business School, Division of Accounting Finance
Downloads 579 (50,462)
Citation 1

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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
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, IE Business School, IE University and Tilburg University - Department of Finance
Downloads 519 (57,921)

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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 418 (75,534)
Citation 1

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

11.

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

Downloads 359 ( 90,086)
Citation 2

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 202 (163,191)
Citation 2

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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 157 (204,369)
Citation 1

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

12.

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 305 (107,978)
Citation 3

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

13.

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
Amedeo De Cesari, Susanne Espenlaub, Arif Khurshed and Michael Simkovic
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 University of Southern California Gould School of Law
Downloads 299 (110,345)

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repurchase, timing, insider ownership, institutional ownership

14.

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

Number of pages: 37 Posted: 22 Mar 2002
Susanne Espenlaub, Marc Goergen, Arif Khurshed and Marko Remenar
University of Manchester - Division of Accounting and Finance, IE Business School, IE University, University of Manchester - Manchester Business School, Division of Accounting Finance and Zagrebacka Banka
Downloads 294 (112,354)

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initial public offerings, lock-in, lock-up

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 277 (119,734)
Citation 4

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IPOs, bookbuilding, underpricing, winner's curse

16.

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

Downloads 253 (131,563)

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 253 (131,008)

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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

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Initial public offerings, investment trusts, short-run underpricing

17.

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
Susanne Espenlaub, Marc Goergen, Arif Khurshed and Marko Remenar
University of Manchester - Division of Accounting and Finance, IE Business School, IE University, University of Manchester - Manchester Business School, Division of Accounting Finance and Zagrebacka Banka
Downloads 194 (169,641)

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Initial Public Offerings, Lock-in, High-Tech

18.

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 157 (204,041)
Citation 1

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

19.

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 147 (215,513)

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

20.

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
Nida Abdioglu, Arif Khurshed and Konstantinos Stathopoulos
Bandirma Onyedi Eylul University/ 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 146 (216,710)

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

21.

The Role of Cornerstone and Strategic Investors in IPO Survival

Number of pages: 37 Posted: 20 Aug 2015
Susanne Espenlaub, Arif Khurshed, Abdul Mohamed and Brahim Saadouni
University of Manchester - Manchester Business School, University of Manchester - Manchester Business School, Division of Accounting Finance, Cranfield University - School of Management and Alliance Manchester Business School, The University of Manchester
Downloads 139 (225,443)

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

22.

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
Nida Abdioglu, Arif Khurshed and Konstantinos Stathopoulos
Bandirma Onyedi Eylul University/ 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 132 (234,883)
Citation 4

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

23.

Multinationality and the Performance of IPOs

Number of pages: 36 Posted: 20 Sep 2011
Ram Mudambi, Susan M. Mudambi, Arif Khurshed and Marc Goergen
Temple University - Department of Strategic Management, Fox School of Business, Temple University, University of Manchester - Manchester Business School, Division of Accounting Finance and IE Business School, IE University
Downloads 101 (284,970)

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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
Nida Abdioglu, Vassiliki C. Bamiatzi, S. Tamer Cavusgil, Arif Khurshed and Konstantinos Stathopoulos
Bandirma Onyedi Eylul University/ Faculty of Economics and Administrative Sciences, Independent, Georgia State University, University of Manchester - Manchester Business School, Division of Accounting Finance and The University of Manchester - Alliance Manchester Business School
Downloads 93 (300,637)
Citation 1

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

25.

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

Downloads 0 (342,466)

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

Journal of Corporate Finance, Vol. 18, 2012
Posted: 18 Aug 2012
Amedeo De Cesari, Susanne Espenlaub, Arif Khurshed and Michael Simkovic
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 University of Southern California Gould School of Law

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Open market repurchase, timing, ownership, liquidity

26.

How Do Local Venture Capital Firms Benefit from Cross-Border Syndications with Foreign Partners?

Number of pages: 41 Posted: 10 Feb 2018
Arif Khurshed, Abdul Mohamed, Armin Schwienbacher and Fan Wang
University of Manchester - Manchester Business School, Division of Accounting Finance, Cranfield University - School of Management, SKEMA Business School and University of Manchester - Manchester Business School
Downloads 59 (388,448)

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VC exit, cross-border deals, syndication, local venture capital

27.

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

Number of pages: 38 Posted: 20 Aug 2015
Arif Khurshed, Dimitris Kostas, Abdul Mohamed and Brahim Saadouni
University of Manchester - Manchester Business School, Division of Accounting Finance, University of Manchester - Manchester Business School, Cranfield University - School of Management and Alliance Manchester Business School, The University of Manchester
Downloads 59 (388,448)

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IPOs, when-issued market

28.

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 49 (422,665)

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venture capital, investment behaviour

29.

Loan Price in Mergers and Acquisitions

Number of pages: 46 Posted: 02 Aug 2018 Last Revised: 15 Sep 2019
Ning Gao, Chen Hua and Arif Khurshed
Manchester Accounting and Finance Group, Alliance Manchester Business School, University of Manchester, The University of Manchester and University of Manchester - Manchester Business School, Division of Accounting Finance
Downloads 43 (445,787)

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loan price; mergers and acquisitions (M&As); relative deal size; post-acquisition performance

30.

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

Journal of Corporate Finance, Vol. 17, pp. 1558-1579, 2011
Number of pages: 64 Posted: 18 Aug 2008 Last Revised: 18 Nov 2017
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
Downloads 24 (538,327)

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

31.

Suppliers’ Listing Status and Trade Credit Provision

Journal of Corporate Finance, Forthcoming
Number of pages: 62 Posted: 11 Nov 2019
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 21 (556,797)

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trade credit, accounts receivable, public firms, private firms

32.

Initial Public Offerings on the UK When-Issued Market

Number of pages: 37 Posted: 19 Aug 2016
Arif Khurshed, Dimitris Kostas, Abdul Mohamed and Brahim Saadouni
University of Manchester - Manchester Business School, Division of Accounting Finance, University of Manchester - Manchester Business School, Cranfield University - School of Management and Alliance Manchester Business School, The University of Manchester
Downloads 19 (569,452)

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IPOs, when-issued market, grey market, rent, retail investors, London Stock Exchange

33.

IPO Survival and Institutional Investment

Number of pages: 32 Posted: 19 Aug 2014
Susanne Espenlaub, Arif Khurshed, Abdul Mohamed and Brahim Saadouni
University of Manchester - Manchester Business School, University of Manchester - Manchester Business School, Division of Accounting Finance, Cranfield University - School of Management and Alliance Manchester Business School, The University of Manchester
Downloads 17 (582,297)

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survival, IPO, new listings, institutional allocation, demand multiple, Hong Kong

34.

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
IE Business School, IE University, University of Manchester - Manchester Business School, Division of Accounting Finance and Temple University - Department of Strategic Management
Downloads 14 (601,818)
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35.

Cross-Border Venture Capital Investments: The Impact of Foreignness on Returns

Journal of International Business Studies, Vol. 49, Issue 5, 2017
Number of pages: 30 Posted: 13 Jun 2018
Axel Buchner, Susanne Espenlaub, Arif Khurshed and Abdul Mohamed
University of Passau, University of Manchester - Manchester Business School, University of Manchester - Manchester Business School, Division of Accounting Finance and Cranfield University - School of Management
Downloads 3 (679,914)
Citation 2
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venture capital, cross-border, return, IRR, PME, foreignness, distance

36.

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 (702,158)
Citation 2
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IPO, new list(ing), survival, delisting, Alternative Investment Market, AIM, nominated advisor, Nomad

37.

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, IE Business School, IE University and Temple University - Department of Strategic Management

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Company performance, Share values, Strategic management, Decision making

38.

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

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

39.

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

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Initial Public Offerings, Lock-in, High-Tech