Antonio J. Macias

Baylor University

Assistant Professor of FInance

Waco, TX 76798

United States

SCHOLARLY PAPERS

13

DOWNLOADS
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CITATIONS
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SSRN RANKINGS

Top 33,198

in Total Papers Citations

6

Scholarly Papers (13)

1.

Broken Promises: The Role of Reputation in Private Equity Contracting and Strategic Default

AFA 2012 Chicago Meetings
Number of pages: 51 Posted: 23 Jan 2010 Last Revised: 11 Sep 2012
Matthew D. Cain, Steven Davidoff Solomon and Antonio J. Macias
U.S. Securities and Exchange Commission, University of California, Berkeley - School of Law and Baylor University
Downloads 628 (30,123)
Citation 1

Abstract:

private equity, reputation, contracting, termination

2.

Risk Allocation and Flexibility in Acquisitions: The Economic Impact of Material-Adverse-Change (MACs) Clauses

AFA 2009 San Francisco Meetings Paper
Number of pages: 61 Posted: 26 Mar 2008 Last Revised: 21 Apr 2009
Antonio J. Macias
Baylor University
Downloads 516 (39,705)
Citation 3

Abstract:

Mergers and Acquisitions (M&A), Deal-protection mechanisms, Material-Adverse-Change clause (MACs), Material-Adverse Event (MAE) exclusions, merger agreement, risk allocation, flexibility

3.

Material Adverse Change Clauses and Acquisition Dynamics

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 48 Posted: 17 May 2010 Last Revised: 02 Feb 2012
David J. Denis and Antonio J. Macias
University of Pittsburgh and Baylor University
Downloads 460 (43,289)
Citation 2

Abstract:

Acquisitions, Contractual mechanisms, Material-Adverse-Change clause (MACs)

4.

Changing Direction: Cross Border Acquisitions by Emerging Market Firms

Number of pages: 40 Posted: 23 Jan 2010 Last Revised: 11 Oct 2011
Lucy Chernykh, Ivonne A. Liebenberg and Antonio J. Macias
Clemson University, University of Mississippi - School of Business Administration and Baylor University
Downloads 391 (53,054)

Abstract:

Acquisitions, Cross-Border, Emerging markets, Developed Markets

5.

Risk Allocation in Acquisitions: The Uses and Value of MAE-Exclusions.

Number of pages: 56 Posted: 22 Apr 2009 Last Revised: 04 Oct 2011
Antonio J. Macias
Baylor University
Downloads 278 (83,522)

Abstract:

merger, acquisition, risk allocation, information asymmetry, moral hazard, material adverse event,Acquisitions, Contractual mechanisms, Material-Adverse-Change clause (MACs), Material-Adverse Event (MAE) exclusions, merger agreement, adverse selection, material adverse change clause, MAC

6.

Buyer Beware: The Mediating Effects of Deal Initiation and Method of Sale in Acquisitions

Number of pages: 67 Posted: 09 Feb 2009 Last Revised: 10 Nov 2016
Carol Anilowski Cain, Antonio J. Macias and Juan Manuel Sanchez
Winston-Salem State University, Baylor University and Texas Tech University
Downloads 254 (87,507)

Abstract:

Acquisitions, Auction, Negotiation, Information-Asymmetries, Adverse Selection

7.

Intangible Assets and Capital Structure

Paris December 2016 Finance Meeting EUROFIDAI - AFFI
Number of pages: 45 Posted: 25 Oct 2014 Last Revised: 28 Jun 2016
Steve C. Lim, Antonio J. Macias and Thomas Moeller
Texas Christian University - M.J. Neeley School of Business, Baylor University and Texas Christian University - Neeley School of Business
Downloads 207 (46,838)

Abstract:

Capital structure, leverage, intangible assets, purchase price allocation

8.

Employees and the Market for Corporate Control

Journal of Corporate Finance, Forthcoming
Number of pages: 49 Posted: 19 Mar 2012 Last Revised: 18 Apr 2015
Antonio J. Macias and Christo A. Pirinsky
Baylor University and US Securities & Exchange Commission
Downloads 16 (411,295)

Abstract:

employee policy, mergers and acquisitions

9.

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 0 (426,095)

Abstract:

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

10.

Motivations for Material Adverse Change Clauses in Merger Agreements

Number of pages: 51 Posted: 15 Jun 2016
Antonio J. Macias and Thomas Moeller
Baylor University and Texas Christian University - Neeley School of Business
Downloads 0 (356,057)

Abstract:

Mergers, Acquisitions, Signaling, Material Adverse Change Clauses

11.

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 0 (122,011)

Abstract:

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

12.

Shareholder Decision Rights in Acquisitions: Evidence from Tender Offers

Indiana Legal Studies Research Paper No. 331
Number of pages: 57 Posted: 11 Jul 2015 Last Revised: 24 May 2017
Audra L. Boone, Brian J. Broughman and Antonio J. Macias
Texas Christian University - M.J. Neeley School of Business, Indiana University Maurer School of Law and Baylor University
Downloads 0 (68,130)

Abstract:

Merger, Tender Offer, Acquisitions, M&A, Supermajority, Shareholder Voting, Shareholder Approval, Delaware Law

13.

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 0 (373,600)

Abstract:

Serial acquirers; Methods of payment; Firm characteristics; Overvaluation