Thomas W. Bates

Arizona State University - Department of Finance

Associate Professor

W. P. Carey School of Business

PO Box 873906

Tempe, AZ 85287-3906

United States

  • Arizona State University - Department of Finance

SCHOLARLY PAPERS

14

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15,006

SSRN CITATIONS
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SSRN RANKINGS

Top 916

in Total Papers Citations

715

CROSSREF CITATIONS

841

Scholarly Papers (14)

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1.

Corporate Governance and Firm Diversification

Number of pages: 39 Posted: 03 Sep 1998
Ronald C. Anderson, John M. Bizjak, Michael L. Lemmon and Thomas W. Bates
Temple University - Department of Finance, Texas Christian University, University of Utah - Department of Finance and Arizona State University - Department of Finance
Downloads 3,543 (5,687)
Citation 18

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2.

Why Do U.S. Firms Hold so Much More Cash than They Used to?

Downloads 3,209 ( 6,717)
Citation 657

Why Do U.S. Firms Hold so Much More Cash than They Used to?

Fisher College of Business Working Paper No. 2007-03-006, Charles A. Dice Center Working Paper No. 2006-17
Number of pages: 50 Posted: 04 Sep 2006 Last Revised: 16 May 2008
Thomas W. Bates, Kathleen M. Kahle and René M. Stulz
Arizona State University - Department of Finance, University of Arizona - Department of Finance and Ohio State University (OSU) - Department of Finance
Downloads 2,984 (7,390)
Citation 8

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Why Do U.S. Firms Hold so Much More Cash than They Used to?

NBER Working Paper No. w12534
Number of pages: 32 Posted: 29 Sep 2006 Last Revised: 02 Oct 2022
Thomas W. Bates, Kathleen M. Kahle and René M. Stulz
Arizona State University - Department of Finance, University of Arizona - Department of Finance and Ohio State University (OSU) - Department of Finance
Downloads 225 (232,381)
Citation 108

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3.

Board Classification and Managerial Entrenchment: Evidence from the Market for Corporate Control

HKUST Business School Research Paper No. 07-05
Number of pages: 45 Posted: 10 Aug 2006 Last Revised: 22 Oct 2007
David Becher, Thomas W. Bates and Michael L. Lemmon
Drexel University, Arizona State University - Department of Finance and University of Utah - Department of Finance
Downloads 1,382 (24,937)
Citation 27

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Classified Board, Staggered Board, Merger, Acquisition, Managerial Entrenchment

4.

Why Has the Value of Cash Increased Over Time?

Journal of Financial and Quantitative Analysis (JFQA), 2018, Volume 53, Issue 2, 749-787.
Number of pages: 58 Posted: 23 Dec 2011 Last Revised: 25 Apr 2018
Thomas W. Bates, Chinghung (Henry) Chang and J. Daniel Chi
Arizona State University - Department of Finance, National Taiwan University - College of Management and University of Nevada, Las Vegas (UNLV) - Department of Finance
Downloads 1,164 (32,067)
Citation 19

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Cash Holdings; Value of Cash; Financing Frictions; Speed of Adjustment; Agency Conflicts

5.

Shareholder Wealth Effects and Bid Negotiation in Freeze-Out Deals: Are Minority Shareholders Left Out in the Cold?

Journal of Financial Economics (JFE), Vol. 81, No. 3, 2006
Number of pages: 44 Posted: 24 Aug 2004 Last Revised: 04 Mar 2018
Thomas W. Bates, Michael L. Lemmon and James S. Linck
Arizona State University - Department of Finance, University of Utah - Department of Finance and Southern Methodist University (SMU) - Finance Department
Downloads 1,007 (39,409)
Citation 15

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Merger, tender offer, acquisition, minority shareholder, squeeze-out, freeze-out

6.

Breaking Up is Hard to Do? An Analysis of Termination Fee Provisions and Merger Outcomes

Downloads 987 (40,528)

Breaking Up is Hard to Do? An Analysis of Termination Fee Provisions and Merger Outcomes

Univ. of Delaware Coll. of Bus. and Econ. Ctr. for Corp. Governance Working Paper No. 2002-005
Number of pages: 51 Posted: 19 Feb 2003
Thomas W. Bates and Michael L. Lemmon
Arizona State University - Department of Finance and University of Utah - Department of Finance
Downloads 987 (39,926)
Citation 49

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merger, acquisition, termination fee, breakup fee

Breaking Up is Hard to Do? An Analysis of Termination Fee Provisions and Merger Outcomes

Posted: 19 Feb 2003
Thomas W. Bates and Michael L. Lemmon
Arizona State University - Department of Finance and University of Utah - Department of Finance

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merger, acquisition, termination fee, breakup fee

7.

Workplace Automation and Corporate Financial Policy

Number of pages: 70 Posted: 31 Mar 2020 Last Revised: 08 Feb 2021
Thomas W. Bates, Fangfang Du and Jessie Jiaxu Wang
Arizona State University - Department of Finance, California State University, Fullerton and Arizona State University (ASU) - W.P. Carey School of Business
Downloads 875 (47,848)
Citation 1

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Labor and finance; Corporate financial policy; Substitutability of labor with automated capital; Operating leverage; Artificial intelligence; Automation

8.

Bid Resistance by Takeover Targets: Managerial Bargaining or Bad Faith?

Downloads 670 (68,486)
Citation 9

Bid Resistance by Takeover Targets: Managerial Bargaining or Bad Faith?

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming, AFA 2012 Chicago Meetings Paper
Number of pages: 47 Posted: 19 Mar 2011 Last Revised: 18 Jun 2017
Thomas W. Bates and David Becher
Arizona State University - Department of Finance and Drexel University
Downloads 534 (90,067)

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Bid Resistance by Takeover Targets: Managerial Bargaining or Bad Faith?

Paris December 2012 Finance Meeting EUROFIDAI-AFFI Paper
Number of pages: 47 Posted: 05 Jun 2012 Last Revised: 04 Sep 2015
Thomas W. Bates and David Becher
Arizona State University - Department of Finance and Drexel University
Downloads 136 (361,167)
Citation 4

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classified boards, hostile bids, mergers and acquisitions, CEO turnover

9.

Pay-for-Performance and Firm Diversification

Number of pages: 37 Posted: 02 Jun 1997
Thomas W. Bates, Michael L. Lemmon and John M. Bizjak
Arizona State University - Department of Finance, University of Utah - Department of Finance and Texas Christian University
Downloads 503 (97,754)

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10.

Performance-Based Turnover on Corporate Boards

Downloads 474 (105,026)
Citation 6

Performance-Based Turnover on Corporate Boards

Number of pages: 51 Posted: 03 Sep 2015 Last Revised: 25 Oct 2017
Thomas W. Bates, David Becher and Jared I. Wilson
Arizona State University - Department of Finance, Drexel University and Indiana University - Kelley School of Business
Downloads 357 (144,366)
Citation 5

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Director turnover, firm performance, board seats, replacement directors

Performance-Based Turnover on Corporate Boards

Paris December 2018 Finance Meeting EUROFIDAI - AFFI
Number of pages: 52 Posted: 05 Jun 2018
Thomas W. Bates, David Becher and Jared I. Wilson
Arizona State University - Department of Finance, Drexel University and Indiana University - Kelley School of Business
Downloads 117 (405,131)
Citation 7

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director turnover, firm performance, board seats, replacement directors

11.

Asset Sales, Investment Opportunities, and the Use of Proceeds

Number of pages: 47 Posted: 06 Sep 2004
Thomas W. Bates
Arizona State University - Department of Finance
Downloads 447 (112,541)
Citation 6

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Asset Sale, Payout Policy

12.

Financing Acquisitions with Earnouts

Journal of Accounting & Economics (JAE), Forthcoming
Number of pages: 52 Posted: 09 Oct 2017 Last Revised: 03 Aug 2018
Thomas W. Bates, Jordan Neyland and Yolanda Yulong Wang
Arizona State University - Department of Finance, Antonin Scalia Law School - George Mason University and Shenzhen Audencia Financial Technology Institute
Downloads 311 (168,545)
Citation 11

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earnouts, corporate acquisitions, corporate finance, disclosure policy

13.

Who Are the Best Law Firms? Rankings from IPO Performance

Number of pages: 69 Posted: 24 Feb 2023
Thomas W. Bates, Jin Roc Lv and Jordan Neyland
Arizona State University - Department of Finance, Australian National University (ANU) and Antonin Scalia Law School - George Mason University
Downloads 277 (189,999)

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IPO, Lawyers, Rankings, Disclosure, Litigation, Securities Regulation

14.

Do Lawyers Matter in Initial Public Offerings?

Number of pages: 58 Posted: 08 Dec 2022
Thomas W. Bates, Jin Roc Lv and Jordan Neyland
Arizona State University - Department of Finance, Australian National University (ANU) and Antonin Scalia Law School - George Mason University
Downloads 157 (320,971)

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IPO, Lawyers, Disclosure, Underpricing, Litigation, Fixed Effects