Jan Bena

University of British Columbia - Sauder School of Business

Associate Professor

2053 Main Mall

Vancouver, BC V6T 1Z2

Canada

http://www.janbena.com

  • University of British Columbia - Sauder School of Business

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SCHOLARLY PAPERS

20

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13,030

TOTAL CITATIONS

499

Scholarly Papers (20)

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1.

Corporate Innovations and Mergers and Acquisitions

Downloads 2,703 (10,679)
Citation 239

Corporate Innovations and Mergers and Acquisitions

Journal of Finance, Forthcoming
Number of pages: 78 Posted: 26 Aug 2011 Last Revised: 06 Nov 2014
Jan Bena and Kai Li
University of British Columbia - Sauder School of Business and University of British Columbia (UBC) - Sauder School of Business
Downloads 1,414 (28,872)
Citation 45

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Innovation, mergers and acquisitions, R&D expenses, patents, synergies, technological overlap

Corporate Innovations and Mergers and Acquisitions

AFA 2012 Chicago Meetings Paper
Number of pages: 66 Posted: 18 Dec 2010 Last Revised: 29 Jul 2014
Jan Bena and Kai Li
University of British Columbia - Sauder School of Business and University of British Columbia (UBC) - Sauder School of Business
Downloads 1,289 (33,069)
Citation 194

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Asset complementarities, innovation, mergers and acquisitions, synergies, technological overlaps

2.

Machines could not compete with Chinese labor: Evidence from U.S. firms' innovation

Number of pages: 114 Posted: 02 Jun 2015 Last Revised: 19 Aug 2024
Jan Bena and Elena Simintzi
University of British Columbia - Sauder School of Business and University of North Carolina (UNC) at Chapel Hill - Kenan-Flagler Business School
Downloads 1,912 (18,592)
Citation 3

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JEL classification: O33, J31, L23 Process innovation, Technological change, Labor, China

3.

Are Foreign Investors Locusts? The Long-Term Effects of Foreign Institutional Ownership

Downloads 1,533 (26,050)
Citation 135

Are Foreign Investors Locusts? The Long-Term Effects of Foreign Institutional Ownership

Journal of Financial Economics (JFE), Forthcoming, Darden Business School Working Paper No. 2860849
Number of pages: 82 Posted: 29 Oct 2016
Jan Bena, Miguel A. Ferreira, Pedro Matos and Pedro A. Pires
University of British Columbia - Sauder School of Business, Nova School of Business and Economics, University of Virginia - Darden School of Business and Nova School of Business and Economics
Downloads 853 (59,406)
Citation 9

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Innovation, Institutional ownership, Investment, Monitoring, Patents

Are Foreign Investors Locusts? The Long-Term Effects of Foreign Institutional Ownership

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 468/2016, Darden Business School Working Paper No. 2640045
Number of pages: 81 Posted: 06 Aug 2015 Last Revised: 21 Dec 2016
Jan Bena, Miguel A. Ferreira, Pedro Matos and Pedro A. Pires
University of British Columbia - Sauder School of Business, Nova School of Business and Economics, University of Virginia - Darden School of Business and Nova School of Business and Economics
Downloads 680 (80,103)
Citation 126

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Corporate innovation, R&D, Patents, Institutional ownership, Financial globalization, Monitoring, Short-termism

4.

Shielding Firm Value: Employment Protection and Process Innovation

Number of pages: 82 Posted: 14 Aug 2018 Last Revised: 11 Aug 2021
Jan Bena, Hernan Ortiz-Molina and Elena Simintzi
University of British Columbia - Sauder School of Business, University of British Columbia (UBC) - Sauder School of Business and University of North Carolina (UNC) at Chapel Hill - Kenan-Flagler Business School
Downloads 1,068 (44,290)
Citation 72

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Process innovation, Knowledge capital, Labor market frictions, Wrongful discharge laws

5.

Competition and Ownership Structure of Closely-Held Firms

Review of Financial Studies (2017)
Number of pages: 86 Posted: 18 Nov 2013 Last Revised: 07 Feb 2018
Jan Bena and Ting Xu
University of British Columbia - Sauder School of Business and University of Toronto, Rotman School of Management
Downloads 893 (56,700)
Citation 2

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Ownership structure, closely-held firms, inside ownership, ownership concentration, product market competition, corporate governance

6.

Financing the Global Shift to Electric Mobility

Jacobs Levy Equity Management Center for Quantitative Financial Research Paper , The Wharton School Research Paper Forthcoming
Number of pages: 83 Posted: 02 Aug 2023 Last Revised: 15 Oct 2024
Jan Bena, Bo Bian and Huan Tang
University of British Columbia - Sauder School of Business, University of British Columbia and University of Pennsylvania - The Wharton School
Downloads 785 (67,759)

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Green financing, Car loans, Electric vehicle, Electric vehicle battery, Carbon-transition risk, Technological risk, Technological obsolescence, Collateral

7.

The International Propagation of Economic Downturns Through Multinational Companies: The Real Economy Channel

Downloads 666 (83,463)
Citation 27

The International Propagation of Economic Downturns Through Multinational Companies: The Real Economy Channel

Fisher College of Business Working Paper No. 2017-03-011, Charles A. Dice Center Working Paper No. 2017-11, Journal of Financial Economics (JFE), Forthcoming
Number of pages: 82 Posted: 03 May 2017 Last Revised: 03 Nov 2021
Jan Bena, Serdar Dinc and Isil Erel
University of British Columbia - Sauder School of Business, Rutgers University and Ohio State University (OSU) - Department of Finance
Downloads 641 (86,473)
Citation 1

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Propagation, Contagion, Real Economy Channel, Investment, MNC

The International Propagation of Economic Downturns Through Multinational Companies: The Real Economy Channel

NBER Working Paper No. w27873
Number of pages: 105 Posted: 28 Sep 2020 Last Revised: 10 Jul 2023
Jan Bena, Serdar Dinc and Isil Erel
University of British Columbia - Sauder School of Business, Rutgers University and Ohio State University (OSU) - Department of Finance
Downloads 25 (1,076,124)
Citation 26

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8.

Patent Intensity, Firm Life Cycle, and the Long-Run Return and Risk Dynamics of Technological Innovators

Proceedings of the EUROFIDAI-ESSEC Paris December Finance Meeting 2023
Number of pages: 60 Posted: 27 Sep 2022 Last Revised: 07 Dec 2024
Jan Bena, Adlai J. Fisher, Jiri Knesl and Julian Vahl
University of British Columbia - Sauder School of Business, University of British Columbia (UBC) - Sauder School of Business, Said Business School, University of Oxford and University of British Columbia (UBC) - Sauder School of Business
Downloads 599 (95,631)

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Technological innovation, patent intensity, stock returns, firm life-cycle, risk dynamics, long-run stock returns, fundamentals-based factor models

9.

Owner Culture and Pay Inequality within Firms

Number of pages: 79 Posted: 08 Apr 2022 Last Revised: 18 Oct 2024
Iris Wang, Jan Bena and Guangli Lu
McMaster University, University of British Columbia - Sauder School of Business and The Chinese University of Hong Kong, Shenzhen
Downloads 505 (118,203)

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Inequality, Individualism, Immigrant-owned firms JEL Classification: J31, J15, Z10

10.

Token-based Decentralized Governance, Data Economy and Platform Business Model

Number of pages: 52 Posted: 19 Oct 2022 Last Revised: 21 Feb 2025
Jan Bena and Shiqi Zhang
University of British Columbia - Sauder School of Business and University of British Columbia (UBC) - Sauder School of Business
Downloads 396 (157,434)
Citation 2

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Decentralized governance, Governance token, Tokenomics, DAO, Data economy, Personal data, Privacy concerns, Platform business model

11.

Relationship-Specific Investments and Firms’ Boundaries: Evidence from Textual Analysis of Patents

Fisher College of Business Working Paper No. 2023-03-027, Charles A. Dice Center Working Paper No. 2023-27, HKU Jockey Club Enterprise Sustainability Global Research Institute - Archive
Number of pages: 81 Posted: 13 Dec 2023 Last Revised: 16 Dec 2024
Jan Bena, Isil Erel, Daisy Wang and Michael S. Weisbach
University of British Columbia - Sauder School of Business, Ohio State University (OSU) - Department of Finance, Ohio State University (OSU) - Department of Finance and Ohio State University (OSU) - Department of Finance
Downloads 351 (179,932)
Citation 1

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Textual Analysis, Patents, Investment Specificity, M&A, Mergers and Acquisitions

12.

Corporate Innovation and Returns

Number of pages: 59 Posted: 28 Oct 2019
Jan Bena and Lorenzo Garlappi
University of British Columbia - Sauder School of Business and University of British Columbia (UBC) - Sauder School of Business
Downloads 321 (198,033)
Citation 7

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Competition in innovation, Patent races, Cross section of returns, Cost of capital

13.

Mutual Fund Disagreement and Firm Value: Passive vs. Active Voice

Number of pages: 85 Posted: 23 Aug 2021 Last Revised: 14 Nov 2022
Jan Bena and Iris Wang
University of British Columbia - Sauder School of Business and McMaster University
Downloads 317 (200,731)

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Corporate governance, Voting, Disagreement

14.

Pyramidal Ownership and the Creation of New Firms

Number of pages: 69 Posted: 23 Sep 2010 Last Revised: 05 Sep 2012
Jan Bena and Hernan Ortiz-Molina
University of British Columbia - Sauder School of Business and University of British Columbia (UBC) - Sauder School of Business
Downloads 316 (201,421)
Citation 2

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Ownership pyramids, Parent companies, Startups, New firms, Access to capital

15.

The Impact of Private Money Creation: Asset Allocation and "Opacity Discount" in Bank Lending

Number of pages: 79 Posted: 31 Aug 2021 Last Revised: 10 Feb 2025
Isha Agarwal, Jan Bena and Joyce Xuejing Guan
University of British Columbia, University of British Columbia - Sauder School of Business and Antai College of Economics & Management, Shanghai Jiaotong University
Downloads 253 (253,696)

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Private money, Money-like liabilities, Moneyness, Cost of debt, Opacity, Bank lending, Money market funds JEL Codes: G21, G23

16.

Heterogeneous Innovations, Firm Creation and Destruction, and Asset Prices

Number of pages: 54 Posted: 12 Mar 2015 Last Revised: 25 Sep 2015
Jan Bena, Lorenzo Garlappi and Patrick Grüning
University of British Columbia - Sauder School of Business, University of British Columbia (UBC) - Sauder School of Business and Latvijas Banka
Downloads 241 (266,126)
Citation 6

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Economic uncertainty, Creative destruction, Innovation, Firm entry, Long-run risk

17.

The Effect of Credit Rationing on the Shape of the Competition-Innovation Relationship

EFA 2009 Bergen Meetings Paper
Number of pages: 65 Posted: 12 Feb 2009
Jan Bena
University of British Columbia - Sauder School of Business
Downloads 108 (528,411)
Citation 2

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Innovation, R&D, Competition, Financial constraints, Credit rationing

18.

Specialized Investments and Firms’ Boundaries: Evidence from Textual Analysis of Patents

NBER Working Paper No. w29174
Number of pages: 45 Posted: 23 Aug 2021 Last Revised: 20 Mar 2022
Jan Bena, Isil Erel, Daisy Wang and Michael S. Weisbach
University of British Columbia - Sauder School of Business, Ohio State University (OSU) - Department of Finance, Ohio State University (OSU) - Department of Finance and Ohio State University (OSU) - Department of Finance
Downloads 58 (757,580)
Citation 1

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19.

Which Firms Benefit More from Financial Development?

CEPR Discussion Paper No. DP6392
Number of pages: 54 Posted: 29 May 2008
Jan Bena and Stepan Jurajda
University of British Columbia - Sauder School of Business and CERGE-EI
Downloads 3 (1,289,168)
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Corporate growth, Financial development, Information Asymmetry

20.

Financial Development and Growth in Direct Firm-Level Comparisons

CEPR Discussion Paper No. DP6395
Number of pages: 40 Posted: 30 May 2008
Jan Bena and Stepan Jurajda
University of British Columbia - Sauder School of Business and CERGE-EI
Downloads 2 (1,294,946)
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Access to financial markets, Corporate growth, Financial development