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

SCHOLARLY PAPERS

10

DOWNLOADS
Rank 2,746

SSRN RANKINGS

Top 2,746

in Total Papers Downloads

10,882

CITATIONS
Rank 1,499

SSRN RANKINGS

Top 1,499

in Total Papers Citations

375

Scholarly Papers (10)

1.

Corporate Governance and Firm Diversification

Number of pages: 39 Posted: 03 Sep 1998
Temple University - Department of Finance, Texas Christian University, University of Utah - Department of Finance and Arizona State University - Department of Finance
Downloads 2,977 (2,368)
Citation 47

Abstract:

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 2,576 (3,566)
Citation 175

Abstract:

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
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 163 (153,423)
Citation 175

Abstract:

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 A. Becher, Thomas W. Bates and Michael L. Lemmon
Drexel University, Arizona State University - Department of Finance and University of Utah - Department of Finance
Downloads 1,136 (12,652)
Citation 37

Abstract:

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

4.

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

Number of pages: 44 Posted: 24 Aug 2004
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
Downloads 824 (21,423)
Citation 28

Abstract:

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

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 812 (23,269)
Citation 63

Abstract:

merger, acquisition, termination fee, breakup fee

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

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

Abstract:

merger, acquisition, termination fee, breakup fee

6.

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 451 (49,554)

Abstract:

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 A. Becher
Arizona State University - Department of Finance and Drexel University
Downloads 367 (65,786)

Abstract:

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 A. Becher
Arizona State University - Department of Finance and Drexel University
Downloads 72 (278,252)

Abstract:

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

8.

Asset Sales, Investment Opportunities, and the Use of Proceeds

Journal of Finance, Forthcoming
Number of pages: 47 Posted: 06 Sep 2004
Thomas W. Bates
Arizona State University - Department of Finance
Downloads 351 (65,180)
Citation 24

Abstract:

Asset Sale, Payout Policy

9.

Why Has the Value of Cash Increased Over Time?

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 58 Posted: 23 Dec 2011 Last Revised: 26 Jan 2017
Arizona State University - Department of Finance, National Taiwan University - College of Management and University of Nevada, Las Vegas (UNLV) - Department of Finance
Downloads 292 (44,943)
Citation 1

Abstract:

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

10.

Performance-Based Turnover on Corporate Boards

Number of pages: 48 Posted: 03 Sep 2015 Last Revised: 15 Dec 2016
Thomas W. Bates, David A. Becher and Jared I. Wilson
Arizona State University - Department of Finance, Drexel University and Indiana University - Kelley School of Business
Downloads 31 (152,506)

Abstract:

Director turnover, firm performance, board seats, replacement directors