P. Raghavendra Rau

University of Cambridge

Sir Evelyn de Rothschild Professor of Finance

Cambridge Judge Business School

Trumpington Street

Cambridge, Cambridgeshire CB21AG

United Kingdom

http://www.raghurau.com/

SCHOLARLY PAPERS

61

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Scholarly Papers (61)

1.

Performance for Pay? The Relation Between CEO Incentive Compensation and Future Stock Price Performance

Number of pages: 52 Posted: 19 Mar 2010 Last Revised: 02 Dec 2016
Michael J. Cooper, Huseyin Gulen and P. Raghavendra Rau
University of Utah - David Eccles School of Business, Mitchell E. Daniels, Jr School of Business, Purdue University and University of Cambridge
Downloads 11,304 (971)
Citation 13

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Executive compensation, Pay-performance relationship

What Doesn't Kill You Will Only Make You More Risk-Loving: Early-Life Disasters and CEO Behavior

Number of pages: 80 Posted: 11 Apr 2014 Last Revised: 01 Oct 2015
Gennaro (帅纳) Bernile, Vineet Bhagwat and P. Raghavendra Rau
University of Miami - Department of Finance, George Washington University - Department of Finance and University of Cambridge
Downloads 4,444 (4,625)
Citation 73

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CEO Formative Experiences, CEO Behavior, Risk-taking, Managerial Style

What Doesn't Kill You Will Only Make You More Risk-Loving: Early-Life Disasters and CEO Behavior

Journal of Finance 72, 167-206, 2017
Number of pages: 80 Posted: 14 Sep 2015 Last Revised: 06 Sep 2024
Gennaro (帅纳) Bernile, Vineet Bhagwat and P. Raghavendra Rau
University of Miami - Department of Finance, George Washington University - Department of Finance and University of Cambridge
Downloads 646 (84,293)
Citation 215

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CEO Formative Experiences, CEO Behavior, Risk-taking, Managerial Style

3.

Law, Trust, and the Development of Crowdfunding

Number of pages: 49 Posted: 20 Jun 2017 Last Revised: 11 Nov 2021
P. Raghavendra Rau
University of Cambridge
Downloads 3,131 (8,330)
Citation 34

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Industrial Organization, Alternative finance, Distributed finance, Crowdsourcing, Crowdfunding, Law and finance, Peer-to-Peer, P2P lending, Equity crowdfunding, Social Finance

4.
Downloads 2,561 (11,438)
Citation 6

A Rose.Com by Any Other Name

Number of pages: 23 Posted: 17 Sep 2000
Michael J. Cooper, Orlin Dimitrov and P. Raghavendra Rau
University of Utah - David Eccles School of Business, Purdue University - Krannert School of Management and University of Cambridge
Downloads 2,561 (11,229)
Citation 6

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A Rose.Com by Any Other Name

Posted: 16 Dec 2000
Michael J. Cooper, Orlin Dimitrov and P. Raghavendra Rau
University of Utah - David Eccles School of Business, Purdue University - Krannert School of Management and University of Cambridge

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Inefficient markets, Investor irrationality, name changes

5.
Downloads 2,516 (11,749)
Citation 6

Fintech and Big Tech Credit: A New Database

BIS Working Paper No. 887
Number of pages: 35 Posted: 23 Nov 2020
Bank for International Settlements (BIS), Bank for International Settlements, Bank for International Settlements (BIS), University of Cambridge, University of Cambridge - Cambridge Centre for Alternative Finance and University of Cambridge - Cambridge Centre for Alternative Finance
Downloads 2,512 (11,559)

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fintech, big tech, credit, data, technology, digital innovation.

Fintech and Big Tech Credit: A New Database

CEPR Discussion Paper No. DP15357
Number of pages: 35 Posted: 03 Nov 2020
Bank for International Settlements (BIS), Bank for International Settlements, Bank for International Settlements (BIS), University of Cambridge, University of Cambridge - Judge Business School and University of Cambridge - Cambridge Centre for Alternative Finance
Downloads 4 (1,315,007)
Citation 6
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big tech, credit, data, digital innovation, Fintech, technology

6.

Do Compensation Consultants Enable Higher CEO Pay? A Disclosure Rule Change As a Separating Device

Management Science 64 (10), 4471-4965
, Management Science, volume 64, issue 10, 2018 [10.1287/mnsc.2017.2845]
Number of pages: 49 Posted: 23 Sep 2014 Last Revised: 06 Sep 2024
Jenny Chu, Jonathan Faasse and P. Raghavendra Rau
University of Cambridge - Judge Business School, University of Cambridge - Judge Business School and University of Cambridge
Downloads 1,932 (17,978)
Citation 10

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Executive compensation, disclosure, governance, regulatory changes

Investor Reaction to Corporate Event Announcements: Under-Reaction or Over-Reaction?

Pace University Finance Research Paper No. 2000/01
Number of pages: 51 Posted: 15 Dec 2000
Padma Kadiyala and P. Raghavendra Rau
Pace University - Lubin School of Business and University of Cambridge
Downloads 1,909 (18,009)
Citation 3

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Anomalies, over-reaction, under-reaction, behavioral finance, long-horizon stock performance

Investor Reaction to Corporate Event Announcements: Under-Reaction or Over-Reaction?

Journal of Business, Vol. 77, pp. 357-386, 2004, Pace University Finance Research Paper No. 2002/03
Posted: 30 Jun 2002
Padma Kadiyala and P. Raghavendra Rau
Pace University - Lubin School of Business and University of Cambridge

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Anomalies, over-reaction, under-reaction, behavioral finance, long-horizon stock performance

8.

Transforming Paradigms: A Global AI in Financial Services Survey

Number of pages: 128 Posted: 18 Mar 2020 Last Revised: 05 Jun 2024
University of Cambridge - Department of Engineering, World Economic Forum, Cambridge Centre for Alternative Finance, Cambridge Judge Business School, University of Cambridge, affiliation not provided to SSRN, University of Cambridge - Cambridge Centre for Alternative Finance, University of Cambridge - Cambridge Centre for Alternative Finance, University of Cambridge - Judge Business School, Uinversity of Twente, affiliation not provided to SSRN, University of Cambridge - Cambridge Centre for Alternative Finance, University of Cambridge, University of Cambridge, University of Cambridge - Cambridge Centre for Alternative Finance, affiliation not provided to SSRN, University of Cambridge - Cambridge Centre for Alternative Finance and University of Cambridge - Cambridge Centre for Alternative Finance
Downloads 1,749 (20,978)
Citation 1

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Artificial Intelligence, Financial Services, FinTech

How Much do Firms Pay as Bribes and What Benefits do They Get? Evidence from Corruption Cases Worldwide

24th Australasian Finance and Banking Conference 2011 Paper
Number of pages: 39 Posted: 28 Feb 2011 Last Revised: 14 Sep 2012
Stephen Yan-Leung Cheung, P. Raghavendra Rau and Aris Stouraitis
City University of Hong Kong (CityU) - Department of Economics & Finance, University of Cambridge and Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences
Downloads 1,472 (26,790)
Citation 1

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Corruption, bribes, firm performance, country characteristics

How Much Do Firms Pay as Bribes and What Benefits Do They Get? Evidence from Corruption Cases Worldwide

NBER Working Paper No. w17981
Number of pages: 71 Posted: 06 Apr 2012 Last Revised: 18 Feb 2023
Yan-Leung Cheung, P. Raghavendra Rau and Aris Stouraitis
The Education University of Hong Kong, University of Cambridge and Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences
Downloads 122 (476,759)
Citation 11

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Tunneling, Propping and Expropriation: Evidence from Connected Party Transactions in Hong Kong

Journal of Financial Economics, Vol. 82, pp. 343-386, 2006
Posted: 09 Aug 2004
Aris Stouraitis, Stephen Yan-Leung Cheung and P. Raghavendra Rau
Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences, City University of Hong Kong (CityU) - Department of Economics & Finance and University of Cambridge

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International corporate governance, legal systems, expropriation, connected transactions, pyramids, tunneling, propping

11.

Tunneling and Propping Up: An Analysis of Related Party Transactions by Chinese Listed Companies

Pacific-Basin Finance Journal, 17 (3), 372-393, 2009.
Number of pages: 52 Posted: 20 Oct 2008 Last Revised: 14 Sep 2012
City University of Hong Kong (CityU) - Department of Economics & Finance, affiliation not provided to SSRN, affiliation not provided to SSRN, University of Cambridge and Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences
Downloads 1,550 (25,224)
Citation 11

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International corporate governance, China, Related party transactions, Tunneling, Propping

Is There Life after the Complete Loss of Analyst Coverage?

Number of pages: 49 Posted: 22 Mar 2010 Last Revised: 30 Oct 2012
Simona Mola, Simona Mola, P. Raghavendra Rau and Ajay Khorana
U.S. Securities and Exchange CommissionArizona State University (ASU) - Finance Department, University of Cambridge and Georgia Institute of Technology - Finance Area
Downloads 1,210 (35,668)
Citation 8

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analyst coverage, delisting prediction, investor recognition

Is There Life after the Complete Loss of Analyst Coverage?

Number of pages: 49 Posted: 31 Oct 2012
Simona Mola, Simona Mola, P. Raghavendra Rau and Ajay Khorana
U.S. Securities and Exchange CommissionArizona State University (ASU) - Finance Department, University of Cambridge and Georgia Institute of Technology - Finance Area
Downloads 232 (270,583)
Citation 12

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analyst coverage, investor recognition, delisting prediction

Changing Names with Style: Mutual Fund Name Changes and Their Effects on Fund Flows

Number of pages: 52 Posted: 23 Jul 2003
Michael J. Cooper, Huseyin Gulen and P. Raghavendra Rau
University of Utah - David Eccles School of Business, Mitchell E. Daniels, Jr School of Business, Purdue University and University of Cambridge
Downloads 1,366 (29,925)
Citation 96

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Mutual funds, Fund flows, Behavioral finance, Name changes, Anomalies

Changing Names with Style: Mutual Fund Name Changes and Their Effects on Fund Flows

Journal of Finance, Vol. 60, No. 6, pp. 2825-2858, 2005
Posted: 01 Dec 2004
Michael J. Cooper, Huseyin Gulen and P. Raghavendra Rau
University of Utah - David Eccles School of Business, Mitchell E. Daniels, Jr School of Business, Purdue University and University of Cambridge

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Name changes, market efficiency, cosmetic effects, mutual fund flows

Helping Hand or Grabbing Hand? Central vs. Local Government Shareholders in Chinese Listed Firms

Number of pages: 29 Posted: 18 Mar 2005 Last Revised: 28 Jul 2009
Stephen Yan-Leung Cheung, P. Raghavendra Rau and Aris Stouraitis
City University of Hong Kong (CityU) - Department of Economics & Finance, University of Cambridge and Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences
Downloads 1,324 (31,330)
Citation 27

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Law and finance, Government ownership, China, State-Owned Enterprises (SOE), Related party transactions, Political connections, Expropriation, Tunneling

Helping Hand or Grabbing Hand? Central Vs. Local Government Shareholders in Chinese Listed Firms

Review of Finance, 14(4), 669-694, 2010
Posted: 03 Aug 2009 Last Revised: 14 Sep 2012
Stephen Yan-Leung Cheung, P. Raghavendra Rau and Aris Stouraitis
City University of Hong Kong (CityU) - Department of Economics & Finance, University of Cambridge and Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences

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Law and finance; Government ownership, China, State-Owned Enterprises (SOE), Related party transactions, Political connections, Expropriation

15.
Downloads 1,187 (37,321)
Citation 7

IPO Price Formation and Board Gender Diversity

INSEAD Working Paper No. 2024/47/FIN, European Corporate Governance Institute – Finance Working Paper No. 756/2021
Number of pages: 62 Posted: 12 Feb 2021 Last Revised: 02 Oct 2024
P. Raghavendra Rau, Jason Sandvik and Theo Vermaelen
University of Cambridge, Eller College of Management, University of Arizona and INSEAD - Finance
Downloads 854 (58,419)
Citation 5

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Initial Public Offerings, Going Public Process, Board Gender Diversity, Underpricing, Investment Banks, Corporate Governance

IPO Price Formation and Board Gender Diversity

Number of pages: 53 Posted: 18 Feb 2021 Last Revised: 19 Jul 2024
P. Raghavendra Rau, Jason Sandvik and Theo Vermaelen
University of Cambridge, Eller College of Management, University of Arizona and INSEAD - Finance
Downloads 280 (223,877)

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Initial Public Offerings, Going Public Process, Board Gender Diversity, Underpricing, Investment Banks, Corporate Governance

IPO Price Formation and Board Gender Diversity

Journal of Corporate Finance, volume 88, 2024 [10.1016/j.jcorpfin.2024.102629]
Number of pages: 53 Posted: 25 Jul 2024
P. Raghavendra Rau, Jason Sandvik and Theo Vermaelen
University of Cambridge, Eller College of Management, University of Arizona and INSEAD - Finance
Downloads 53 (791,078)
Citation 2

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Initial Public Offerings, Going Public Process, Board Gender Diversity, Underpricing, Investment Banks, Corporate Governance

16.
Downloads 1,169 (38,131)
Citation 5

Why Do Firms Go Public through Debt Instead of Equity?

Number of pages: 30 Posted: 20 Mar 2012 Last Revised: 27 May 2018
Denys Glushkov, Ajay Khorana, P. Raghavendra Rau and Jingxuan Zhang
University of Pennsylvania - The Wharton School, Wharton Research Data Services (WRDS), Georgia Institute of Technology - Finance Area, University of Cambridge and University of Cambridge - Finance
Downloads 941 (51,133)

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Initial public debt offerings, information asymmetry, going public decision, financial statement informativeness

Why Do Firms Go Public Through Debt Instead of Equity?

Critical Finance Review, Critical Finance Review, volume 7, issue 1, 2018 [10.1561/104.00000057]
Number of pages: 30 Posted: 21 Jun 2018
Denys Glushkov, Ajay Khorana, P. Raghavendra Rau and Jingxuan Zhang
University of Pennsylvania - The Wharton School, Wharton Research Data Services (WRDS), Georgia Institute of Technology - Finance Area, University of Cambridge and University of Cambridge - Finance
Downloads 228 (275,219)
Citation 5

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initial public debt offerings, information asymmetry, going public decision, financial statement informativeness

How do Ex-Ante Severance Pay Contracts Fit into Optimal Executive Incentive Schemes?

Third Singapore International Conference on Finance 2009
Number of pages: 54 Posted: 16 Mar 2010 Last Revised: 27 Nov 2012
P. Raghavendra Rau and Jin Xu
University of Cambridge and Virginia Tech - Pamplin College of Business
Downloads 578 (97,231)
Citation 3

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Managerial compensation, Severance pay, Optimal contracting

How Do Ex-Ante Severance Pay Contracts Fit into Optimal Executive Incentive Schemes?

Journal of Accounting Research 51(3), June 2013, pages 631-671
Number of pages: 54 Posted: 27 Nov 2012 Last Revised: 21 Apr 2013
P. Raghavendra Rau and Jin Xu
University of Cambridge and Virginia Tech - Pamplin College of Business
Downloads 315 (197,510)
Citation 14

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Managerial compensation, Severance pay, Optimal contracting

How Do Ex-Ante Severance Pay Contracts Fit into Optimal Executive Incentive Schemes?

AFA 2012 Chicago Meetings Paper
Number of pages: 54 Posted: 16 Mar 2011 Last Revised: 27 Nov 2012
P. Raghavendra Rau and Jin Xu
University of Cambridge and Virginia Tech - Pamplin College of Business
Downloads 179 (345,770)

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Managerial compensation, Severance pay, Optimal contracting

18.

Why are Shareholders Not Paid to Give Up Their Voting Privileges? Unique Evidence from Italy

Journal of Corporate Finance, 17(5), 1619-1635, 2011, ECGI - Finance Working Paper No. 180/2007
Number of pages: 45 Posted: 03 Sep 2011 Last Revised: 15 Jun 2016
Marco Bigelli, Vikas Mehrotra and P. Raghavendra Rau
University of Bologna - Department of Management, University of Alberta - Department of Finance and Statistical Analysis and University of Cambridge
Downloads 955 (50,927)

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dual class shares, unification, corporate governance, expropriation, insider trading, equity structure

19.
Downloads 889 (56,211)
Citation 21

Patterns in the Timing of Corporate Event Waves

Number of pages: 46 Posted: 08 Mar 2007 Last Revised: 10 Jun 2009
P. Raghavendra Rau and Aris Stouraitis
University of Cambridge and Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences
Downloads 889 (55,336)
Citation 21

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merger waves, new issue waves, corporate event cycles, over-reaction, Repurchase waves

Patterns in the Timing of Corporate Event Waves

Journal of Financial and Quantitative Analysis (JFQA), 46(1), 209-246, 2011
Posted: 28 Jul 2009 Last Revised: 14 Sep 2012
P. Raghavendra Rau and Aris Stouraitis
University of Cambridge and Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences

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Merger waves, New issue waves, Repurchase waves, Corporate event cycles

20.

Local boy does good: The effect of CSR activities on firm value

Number of pages: 95 Posted: 09 Jan 2021 Last Revised: 30 Jan 2025
Zicheng Lei, Dimitris Petmezas, P. Raghavendra Rau and Chen Yang
King's College London, Durham University Business School, University of Cambridge and University of Glasgow
Downloads 846 (60,098)
Citation 2

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Corporate Social Responsibility (CSR); CEOs; Home Bias, Trust; Social Identity; Firm Value

The Impact of All-Star Analyst Job Changes on Their Coverage Choices and Investment Banking Deal Flow

Journal of Financial Economics (JFE), Forthcoming, Utah Winter Finance Conference
Number of pages: 34 Posted: 30 Aug 2003 Last Revised: 26 May 2010
Ajay Khorana, Ajay Patel, P. Raghavendra Rau and Jonathan Clarke
Georgia Institute of Technology - Finance Area, Wake Forest University, School of Business, University of Cambridge and Georgia Institute of Technology - Scheller College of Business
Downloads 831 (60,664)
Citation 65

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All-star analysts, analyst coverage, market share, investment bank relationships, conflicts of interests

The Impact of All-Star Analyst Job Changes on Their Coverage Choices and Investment Banking Deal Flow

Journal of Financial Economics, Vol. 84, pp. 713-737, 2007
Posted: 18 Dec 2005 Last Revised: 26 Oct 2015
Ajay Khorana, Jonathan Clarke, P. Raghavendra Rau and Ajay Patel
Georgia Institute of Technology - Finance Area, Georgia Institute of Technology - Scheller College of Business, University of Cambridge and Wake Forest University, School of Business

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All-star analyst, analyst coverage, market share, investment banking relationships, conflicts of interests

22.
Downloads 813 (63,429)
Citation 45

An Ill Wind? Terrorist Attacks and CEO Compensation

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 51 Posted: 30 Oct 2018
Huazhong University of Science and Technology, University of Cambridge, Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences and Education University of Hong KongThe Education University of Hong Kong
Downloads 497 (117,271)
Citation 44

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Terrorist Attacks, Executive Compensation, Compensation Structure, CEO Labor Market, Non-Monetary Compensation

An Ill Wind? Terrorist Attacks and CEO Compensation

Number of pages: 51 Posted: 07 Sep 2017 Last Revised: 09 Oct 2018
Huazhong University of Science and Technology, University of Cambridge, Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences and Education University of Hong KongThe Education University of Hong Kong
Downloads 316 (196,832)
Citation 1

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Terrorist attacks, Executive compensation, Compensation structure, CEO labor market

Independents' Day? Analyst Behavior Surrounding the Global Settlement

Number of pages: 27 Posted: 07 Jul 2004 Last Revised: 21 Aug 2009
Jonathan Clarke, Ajay Khorana, P. Raghavendra Rau and Ajay Patel
Georgia Institute of Technology - Scheller College of Business, Georgia Institute of Technology - Finance Area, University of Cambridge and Wake Forest University, School of Business
Downloads 813 (62,456)
Citation 13

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Analysts, Investment banks, Independent Research institutions, Conflicts of interest, Analyst recommendations, Global Settlement

Independents' Day? Analyst Behavior Surrounding the Global Settlement

Annals of Finance, 7(4) 529-547, 2011
Posted: 25 Aug 2009 Last Revised: 26 Oct 2015
Jonathan Clarke, Ajay Khorana, Ajay Patel and P. Raghavendra Rau
Georgia Institute of Technology - Scheller College of Business, Georgia Institute of Technology - Finance Area, Wake Forest University, School of Business and University of Cambridge

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Analyst Recommendations, Investment banks, Independent research institutions, Conflicts of interest, Global Settlement

24.

Past Performance May Be an Illusion: Performance, Flows, and Fees in Mutual Funds

Critical Finance Review
, Critical Finance Review, volume 5, issue 2, 2016 [10.1561/104.00000032]
Number of pages: 56 Posted: 30 Oct 2012 Last Revised: 06 Sep 2024
Blake Phillips, Kuntara Pukthuanthong and P. Raghavendra Rau
University of Waterloo, University of Missouri, Columbia and University of Cambridge
Downloads 804 (64,410)
Citation 26

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Limited attention; Behavioral finance; Investor psychology; Capital markets; Horizon effects; Mutual fund fee-setting

Managerial Actions in Response to a Market Downturn: Valuation Effects of Name Changes in the Dot.Com Decline

Purdue University Working Paper
Number of pages: 28 Posted: 28 Mar 2003
Georgia Institute of Technology - Finance Area, University of Utah - David Eccles School of Business, Wake Forest University, School of Business, University of Cambridge and Michigan State University - Eli Broad College of Business
Downloads 772 (66,912)
Citation 19

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Behavioral Finance, Dotcom bubble, Managerial Timing, Gaming Behavior, Market Efficiency, Anomalies, Name Changes

Managerial Actions in Response to a Market Downturn: Valuation Effects of Name Changes in the Dot.Com Decline

Journal of Corporate Finance, Vol. 11, Nos. 1-2, pp. 319-335, 2005
Posted: 09 Apr 2004
Georgia Institute of Technology - Finance Area, University of Utah - David Eccles School of Business, Wake Forest University, School of Business, University of Cambridge and Michigan State University - Eli Broad College of Business

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Behavioral finance, market efficiency, dotcom firms

26.

Size Doesn't Matter: Diseconomies of Scale in the Mutual Fund Industry Revisited

Journal of Banking and Finance, Forthcoming
Number of pages: 30 Posted: 11 Feb 2018
Blake Phillips, Kuntara Pukthuanthong and P. Raghavendra Rau
University of Waterloo, University of Missouri, Columbia and University of Cambridge
Downloads 712 (75,590)
Citation 15

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Mutual Fund Performance, Size-Performance Relation, Instrumental Variables, Diseconomies of Scale

Till Death (or Divorce) Do Us Part: Early-Life Family Disruption and Investment Behavior

Number of pages: 71 Posted: 09 Apr 2019 Last Revised: 12 Jan 2021
André Betzer, Peter Limbach, P. Raghavendra Rau and Henrik Schürmann
University of Wuppertal - Schumpeter School of Business and Economics, University of Bielefeld, University of Cambridge and BUW - Schumpeter School of Business and Economics
Downloads 594 (93,955)

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Disposition effect, Family disruption, Formative experience, Investor behavior, Risk-taking, Social finance

Till Death (or Divorce) Do Us Part: Early-Life Family Disruption and Investment Behavior

Journal of Banking and Finance, Forthcoming
Number of pages: 71 Posted: 08 Mar 2021
André Betzer, Peter Limbach, P. Raghavendra Rau and Henrik Schürmann
University of Wuppertal - Schumpeter School of Business and Economics, University of Bielefeld, University of Cambridge and BUW - Schumpeter School of Business and Economics
Downloads 109 (520,083)
Citation 6

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Disposition Effect, Family Disruption, Feelings, Formative Experience, Investor Behavior, Risk-Taking, Social Finance

28.

Do Bidders Hire Top-Tier Investment Banks to Certify Value?

Number of pages: 36 Posted: 28 Jan 2002
Kimberly Cornaggia and P. Raghavendra Rau
Pennsylvania State University - Department of Finance and University of Cambridge
Downloads 656 (83,811)
Citation 11

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Tender offers, investment bank incentive fee structure, pay-performance relationship, board composition, ownership structure, insiders

29.

What Determines the Return to Bribery? Evidence From Corruption Cases Worldwide

Management Science, Management Science, volume 67, issue 10, 2021 [10.1287/mnsc.2020.3763]
Number of pages: 76 Posted: 20 Jul 2020
Yan-Leung Cheung, P. Raghavendra Rau and Aris Stouraitis
The Education University of Hong Kong, University of Cambridge and Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences
Downloads 633 (87,741)
Citation 7

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Corruption, bribes, firm performance, country characteristics

30.

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 632 (87,898)
Citation 2

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

Good Stewards, Cheap Talkers, or Family Men? The Impact of Mutual Fund Closures on Fund Managers, Flows, Fees, and Performance

EFA 2005 Moscow Meetings, Yale SOM Working Paper No. 03-30, Pace University Finance Research Paper No. 2005/03
Number of pages: 34 Posted: 10 Jul 2005
Arturo Bris, Huseyin Gulen, Padma Kadiyala and P. Raghavendra Rau
IMD International, Mitchell E. Daniels, Jr School of Business, Purdue University, Pace University - Lubin School of Business and University of Cambridge
Downloads 599 (92,932)
Citation 11

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Mutual funds, Fund flows, Fund size, Fund returns, Fund manager performance

Good Stewards, Cheap Talkers, or Family Men? The Impact of Mutual Fund Closures on Fund Managers, Flows, Fees, and Performance

Review of Financial Studies, Vol. 20, No. 3, pp. 953-982, 2007, Pace University Finance Research Paper No. 2006/05
Posted: 10 May 2006 Last Revised: 04 Sep 2019
Huseyin Gulen, P. Raghavendra Rau, Arturo Bris and Padma Kadiyala
Mitchell E. Daniels, Jr School of Business, Purdue University, University of Cambridge, IMD International and Pace University - Lubin School of Business

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Mutual funds, Fund flows, Fund size, Fund returns, Fund manager performance

Do Board Interlocks Increase Innovation? Evidence from a Corporate Governance Reform in India

Number of pages: 71 Posted: 13 Aug 2013 Last Revised: 03 Apr 2017
Charles III University of MadridSanta Clara University - Leavey School of Business, CREST (ENSAE) and University of Cambridge
Downloads 447 (133,235)
Citation 5

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Patents, peer effects, director networks, innovation, India, natural experiments

Do Board Interlocks Increase Innovation? Evidence from a Corporate Governance Reform in India

Journal of Banking and Finance, Forthcoming
Number of pages: 71 Posted: 11 Apr 2017
Charles III University of MadridSanta Clara University - Leavey School of Business, CREST (ENSAE) and University of Cambridge
Downloads 136 (436,936)
Citation 1

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Patents, peer effects, director networks, innovation, India, natural experiments

33.

Do Hedge Funds Dynamically Manage Systematic Risk?

Journal of Banking and Finance, Journal of Banking & Finance, volume 64, 2016 [10.1016/j.jbankfin.2015.11.014]
Number of pages: 47 Posted: 30 Oct 2012 Last Revised: 06 Sep 2024
University of California, Berkeley - Haas School of Business, University of Waterloo, University of Missouri, Columbia and University of Cambridge
Downloads 560 (102,499)
Citation 7

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Hedge Funds, Alternative Investments, Correlation Risk, Systematic Risk

Buy High, Sell Low: How Listed Firms Price Asset Transfers in Related Party Transactions

Number of pages: 41 Posted: 20 Oct 2008 Last Revised: 10 Sep 2023
City University of Hong Kong (CityU) - Department of Economics & Finance, University of Cambridge, Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences and affiliation not provided to SSRN
Downloads 526 (109,442)
Citation 11

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International corporate governance, Expropriation, Related party transactions, Tunneling

Buy High, Sell Low: How Listed Firms Price Asset Transfers in Related Party Transactions

Journal of Banking and Finance, 33 (5), 914-924, 2009
Posted: 10 Dec 2008 Last Revised: 10 Sep 2023
City University of Hong Kong (CityU) - Department of Economics & Finance, affiliation not provided to SSRN, University of Cambridge and Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences

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International corporate governance, Expropriation, Related party transactions, Tunneling

35.

Detecting Superior Mutual Fund Managers: Evidence from Copycats

Review of Asset Pricing Studies, Review of Asset Pricing Studies, volume 4, issue 2, 2014 [10.1093/rapstu/rau007]
Number of pages: 52 Posted: 19 Sep 2014 Last Revised: 06 Sep 2024
Blake Phillips, Kuntara Pukthuanthong and P. Raghavendra Rau
University of Waterloo, University of Missouri, Columbia and University of Cambridge
Downloads 504 (116,712)
Citation 7

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copycats, mutual fund, skill, performance

Sometimes, always, never: Regulatory clarity and the development of digital financing

Number of pages: 86 Posted: 05 Mar 2021 Last Revised: 12 Jun 2024
Zhenkai Ran, P. Raghavendra Rau and Tania Ziegler
University of Cambridge - Judge Business School, University of Cambridge and University of Cambridge - Cambridge Centre for Alternative Finance
Downloads 406 (149,302)
Citation 1

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Crowdfunding, Law, Innovation, Regulation, Difference-in-difference analysis, GPT, AI in regulation analysis

Sometimes, Always, Never: Regulatory Clarity and the Development of Digital Financing

Management Science, Forthcoming
Number of pages: 86 Posted: 17 Jul 2024
Zhenkai Ran, P. Raghavendra Rau and Tania Ziegler
University of Cambridge - Judge Business School, University of Cambridge and University of Cambridge - Cambridge Centre for Alternative Finance
Downloads 62 (732,973)

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Crowdfunding, Law, Innovation, Regulation, Difference-in-difference analysis, GPT, AI in regulation analysis

37.

The Five Stages of Analyst Careers: Coverage Choices and Changing Influence

Number of pages: 45 Posted: 24 Aug 2009 Last Revised: 13 Nov 2009
Yinghua Li, P. Raghavendra Rau and Jin Xu
Arizona State University (ASU) - School of Accountancy, University of Cambridge and Virginia Tech - Pamplin College of Business
Downloads 449 (134,085)
Citation 4

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Analyst monitoring, earnings management, analyst coverage, career concerns, all-star analysts

38.

Born to Behave: Home CEOs and Financial Misconduct

Number of pages: 81 Posted: 30 Jan 2022 Last Revised: 11 Jan 2025
Zicheng Lei, Dimitris Petmezas, P. Raghavendra Rau and Chen Yang
King's College London, Durham University Business School, University of Cambridge and University of Glasgow
Downloads 434 (139,602)
Citation 2

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JEL classification: G32, G41 CEO reputational capital, birthplace identity, financial misconduct, corporate governance, local investors

39.
Downloads 387 (159,079)
Citation 1

The Decline of Trust Across the U.S. Finance Industry

Journal of Economic Behavior and Organization, Forthcoming
Number of pages: 45 Posted: 10 Apr 2020 Last Revised: 26 Jul 2023
Peter Limbach, P. Raghavendra Rau and Henrik Schürmann
University of Bielefeld, University of Cambridge and BUW - Schumpeter School of Business and Economics
Downloads 311 (200,231)
Citation 1

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Finance industry, Generalized trust, Implicit incentives, Professional environment, Socialization

The Death of Trust Across the U.S. Finance Industry

Number of pages: 49 Posted: 20 Apr 2022
Peter Limbach, P. Raghavendra Rau and Henrik Schürmann
University of Bielefeld, University of Cambridge and BUW - Schumpeter School of Business and Economics
Downloads 76 (657,038)

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Finance industry, Generalized trust, Implicit incentives, Professional environment, Socialization

40.

Moving Mainstream: Benchmarking the European Alternative Finance Market

Journal of Financial Perspectives, Vol. 3, No. 3, 2015
Number of pages: 40 Posted: 08 Dec 2017 Last Revised: 10 Dec 2017
Bryan Zhang, Robert Wardrop, P. Raghavendra Rau and Mia Gray
University of Cambridge - Cambridge Centre for Alternative Finance, University of Cambridge - Cambridge Centre for Alternative Finance, University of Cambridge and University of Cambridge - Cambridge Centre for Alternative Finance
Downloads 303 (207,678)

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Does the market understand the ex ante risk of expropriation by controlling shareholders?

Number of pages: 55 Posted: 18 Jan 2016 Last Revised: 02 Apr 2021
The Education University of Hong Kong, University of Cambridge, Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences and Education University of Hong KongThe Education University of Hong Kong
Downloads 199 (313,450)
Citation 2

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International corporate governance, Expropriation, Cash holdings, Intra-group loans, Pyramids, Tunneling

Does the Market Understand the Ex Ante Risk of Expropriation by Controlling Shareholders?

Journal of Corporate Finance, Forthcoming
Number of pages: 55 Posted: 06 Apr 2021
The Education University of Hong Kong, University of Cambridge, Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences and Education University of Hong KongThe Education University of Hong Kong
Downloads 90 (593,924)

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International corporate governance, Expropriation, Operating assets, Cash holdings, Intra-group loans, Pyramids, Tunneling

42.
Downloads 103 (221,382)

Solving Serial Acquirer Puzzles

Review of Corporate Finance Studies, Forthcoming
Number of pages: 62 Posted: 26 Jun 2023
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 103 (542,467)

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Mergers; Acquisitions; M&A; Serial acquirers; Anticipation; Return Persistence; Misvaluation

43.

Tainted beginnings, risky endings: The effect of inadvertent prenatal pollution exposure on CEO risk-taking

Number of pages: 92 Posted: 17 Jul 2023 Last Revised: 06 Aug 2024
P. Raghavendra Rau, YiLin Wu and Richard Lok-Si Ieong
University of Cambridge, National Taiwan University - Department of Economics and City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance
Downloads 275 (229,633)

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Superfund, Environmental risk, Developmental toxicity, Fetal origins hypothesis, Risk-taking

44.

Animal Spirits: Superstitious Behavior by Mutual Fund Managers

Number of pages: 66 Posted: 03 Oct 2024
Shenglan Chen, Jing Li, P. Raghavendra Rau and Cheng Yan
Zhejiang University of Technology, Inner Mongolia University of Finance and Economics, University of Cambridge and University of Essex
Downloads 264 (239,258)

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Zodiac year, Risk-taking, Mutual funds, Behavioral finance, Asset management, Investment Strategies, Superstition

45.

Crowdfunding in East Africa: Regulation and Policy for Market Development

Number of pages: 76 Posted: 30 Jun 2020
University of Cambridge - Cambridge Centre for Alternative Finance, University of Cambridge - Cambridge Centre for Alternative Finance, Cambridge Centre for Alternative Finance, Cambridge Judge Business School, University of Cambridge, University of Cambridge - Cambridge Centre for Alternative Finance, University of Cambridge, University of Cambridge - Cambridge Centre for Alternative Finance and University of Cambridge - Cambridge Centre for Alternative Finance
Downloads 252 (250,866)
Citation 1

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FinTech, alternative finance, crowdfunding, P2P lending, microfinance, payments, regulation, policy, innovation, africa, Kenya, Uganda, Rwanda, Tanzania, India, UK, New Zealand, Malaysia, USA

46.

Regulating Alternative Finance: Results From A Global Regulator Survey

World Bank and CCAF (2019) Regulating Alternative Finance: Results from a Global Regulator Survey
Number of pages: 84 Posted: 10 Mar 2021
University of Cambridge - Cambridge Centre for Alternative Finance, World Bank, University of Cambridge - Cambridge Centre for Alternative Finance, Cambridge Centre for Alternative Finance, Cambridge Judge Business School, University of Cambridge, World Bank, University of Cambridge - Cambridge Centre for Alternative Finance, University of Cambridge - Cambridge Centre for Alternative Finance, University of Cambridge - Cambridge Centre for Alternative Finance, University of Cambridge, World Bank, University of Cambridge - Department of Medicine, University of Cambridge - Cambridge Centre for Alternative Finance, University of Cambridge - Cambridge Centre for Alternative Finance, University of Cambridge, Judge Business School, Cambridge Centre for Alternative Finance, Students, affiliation not provided to SSRN and University of Cambridge - Cambridge Centre for Alternative Finance
Downloads 243 (260,085)

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47.

Anticipating Acquirers

Number of pages: 79 Posted: 11 Mar 2020 Last Revised: 03 Jun 2020
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 238 (265,324)
Citation 3

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Serial acquirers, Mergers, Acquisitions, M&A, Anticipation, Persistence, Misvaluation

48.

When is Cheap Talk Valuable? The Case of the INSEAD Ball Ticket Market

Number of pages: 30 Posted: 02 Jul 2004
P. Raghavendra Rau
University of Cambridge
Downloads 234 (269,702)

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Price setting, cheap talk, genetic algorithms, common knowledge, bubbles, crashes

49.

Indexing and the Performance-Flow Relation of Actively Managed Mutual Funds

Number of pages: 43 Posted: 18 Mar 2022
University of Cologne - Centre for Financial Research (CFR), University of Bielefeld, University of Cambridge and University of Cologne - Centre for Financial Research (CFR)
Downloads 203 (308,768)

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Performance-flow relation, performance-liquidation sensitivity, mutual funds, active management, passive management, competition

50.

Guide to Promoting Financial & Regulatory Innovation: Insights from the UK

Number of pages: 55 Posted: 30 Jun 2020
University of Cambridge - Cambridge Centre for Alternative Finance, Zhejiang University, Zhejiang University, Cambridge Centre for Alternative Finance, Cambridge Judge Business School, University of Cambridge, University of Cambridge - Cambridge Centre for Alternative Finance, University of Cambridge - Cambridge Centre for Alternative Finance, University of Cambridge, University of Cambridge - Cambridge Centre for Alternative Finance and University of Cambridge - Cambridge Centre for Alternative Finance
Downloads 189 (329,714)

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FinTech, Regulatory Sandboxes, RegTech, Innovation Office, Innovation Offices, UK, China, FCA, FCO,

51.

The Effect of Supply Chain Power on Bank Financing

Journal of Banking & Finance, 114 (May 2020) 105801.
Number of pages: 61 Posted: 04 Dec 2013 Last Revised: 01 Jul 2022
Saint Mary's University - Sobey School of Business, University of Cambridge and Sobey School of Business, St. Mary's University, CanadaSaint Mary's University, Canada - Sobey School of Business
Downloads 186 (334,550)

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Supply Chain; Cost of Debt; Bank financing; Product-market Competitiveness; Inventory Control

52.

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 165 (371,943)

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Serial acquirers; Methods of payment; Firm characteristics; Overvaluation

53.

Africa and Middle East Alternative Finance Benchmarking Report

Number of pages: 64 Posted: 30 Jun 2020
Cambridge Centre for Alternative Finance, Cambridge Judge Business School, University of Cambridge, University of Cambridge - Cambridge Centre for Alternative Finance, University of Cambridge - Cambridge Centre for Alternative Finance, affiliation not provided to SSRN, University of Cambridge - Cambridge Centre for Alternative Finance, affiliation not provided to SSRN, University of Cambridge, Independent, University of Cambridge - Cambridge Centre for Alternative Finance, Cambridge Centre for Alternative Finance, affiliation not provided to SSRN and affiliation not provided to SSRN
Downloads 162 (377,807)
Citation 3

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FinTech, alternative finance, crowdfunding, P2P lending, Africa, Middle East

54.

Sugar and Spice and Everything Nice: What Are Independent Directors Made Of?

Number of pages: 48 Posted: 16 Mar 2012 Last Revised: 05 May 2015
Quoc-Anh Do, Bang Dang Nguyen and P. Raghavendra Rau
Monash University - Department of Economics, University of Cambridge Judge Business School and University of Cambridge
Downloads 139 (428,376)
Citation 1

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Board of directors, non-executive directors, corporate governance, career concerns, board composition

55.

Born to Behave: Home CEOs and Financial Misconduct 

Review of Accounting Studies, Forthcoming
Number of pages: 81 Posted: 25 Oct 2024 Last Revised: 11 Jan 2025
Zicheng Lei, Dimitris Petmezas, P. Raghavendra Rau and Chen Yang
King's College London, Durham University Business School, University of Cambridge and University of Glasgow
Downloads 128 (457,215)

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reputational capital, birthplace identity, financial misconduct, corporate governance, local investors

56.

Funding the sun: New Paradigms for Financing Off-Grid Solar Companies

Number of pages: 106 Posted: 18 Feb 2021
Cambridge Centre for Alternative Finance, World Bank, Cambridge Centre for Alternative Finance, World Bank, World Bank, University of Cambridge - Cambridge Centre for Alternative Finance, World Bank - International Finance Corporation (IFC), University of Cambridge - Cambridge Centre for Alternative Finance, Cambridge Centre for Alternative Finance, Cambridge Judge Business School, University of Cambridge, University of Cambridge - Cambridge Centre for Alternative Finance, University of Cambridge - Cambridge Centre for Alternative Finance, University of Cambridge, University of Cambridge - Cambridge Centre for Alternative Finance and University of Cambridge - Cambridge Centre for Alternative Finance
Downloads 105 (530,525)

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finance, alternative finance, economic development, off-grid solar, capital, receivables, financial instruments, financial channels, capital raising, access to energy, fintech, solar power,

57.

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 96 (563,990)

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

58.

Local Boy Does Good: The Effect Of CSR Activities On Firm Value

Journal of Banking and Finance, Forthcoming
Number of pages: 95 Posted: 31 Jan 2025
Zicheng Lei, Dimitris Petmezas, P. Raghavendra Rau and Chen Yang
King's College London, Durham University Business School, University of Cambridge and University of Glasgow
Downloads 32 (943,055)

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Corporate Social Responsibility (CSR), CEOs, Birthplace Identity, Trust, Firm Value

59.

Regulation, Taxes, and Share Repurchases in the United Kingdom

Posted: 16 Mar 2001
Theo Vermaelen and P. Raghavendra Rau
INSEAD - Finance and University of Cambridge

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60.

Investment Bank Market Share, Contingent Fee Payments, and the Performance of Acquiring Firms

Journal of Financial Economics, Vol. 56, No. 2, pp. 293-324, 2005
Posted: 08 Mar 2001
P. Raghavendra Rau
University of Cambridge

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Mergers, tender offers, investment bank market share, incentive fee structure, pay-performance relationship

Glamour, Value and the Post-Acquisition Performance of Acquiring Firms

Posted: 18 Nov 1996
Theo Vermaelen and P. Raghavendra Rau
INSEAD - Finance and University of Cambridge

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Glamour, Value and the Post-Acquisition Performance of Acquiring Firms

Posted: 18 Apr 2001
Theo Vermaelen and P. Raghavendra Rau
INSEAD - Finance and University of Cambridge

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