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

11

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CITATIONS
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372

Scholarly Papers (11)

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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 3,397 (2,833)
Citation 46

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2.

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

Downloads 2,835 ( 3,873)
Citation 173

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 2,665 (4,213)
Citation 173

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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: 03 Oct 2010
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 170 (172,065)
Citation 173

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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 1,281 (14,447)
Citation 36

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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?

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 915 (23,950)
Citation 28

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

5.

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

Downloads 851 ( 26,634)

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 851 (26,215)
Citation 64

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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

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

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merger, acquisition, termination fee, breakup fee

6.

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 839 (27,164)
Citation 1

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

7.

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

Downloads 509 ( 52,816)

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 427 (65,048)

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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 82 (296,862)

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

8.

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 472 (58,136)

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9.

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 385 (74,318)
Citation 24

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Asset Sale, Payout Policy

10.

Performance-Based Turnover on Corporate Boards

Downloads 301 ( 98,111)

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 267 (111,040)

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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 34 (449,527)

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director turnover, firm performance, board seats, replacement directors

11.

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 Wang
Arizona State University - Department of Finance, Antonin Scalia Law School - George Mason University and University of Melbourne
Downloads 165 (176,460)

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earnouts, corporate acquisitions, corporate finance, disclosure policy