Michael O'Connor Keefe

Victoria University of Wellington - Te Herenga Waka

Senior Lecturer

P.O. Box 600

Wellington, 6140

New Zealand

  • Victoria University of Wellington - Te Herenga Waka

SCHOLARLY PAPERS

20

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3,951

SSRN CITATIONS
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Top 36,948

in Total Papers Citations

15

CROSSREF CITATIONS

7

Scholarly Papers (20)

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1.

Cash Holdings and Corporate Investment: Evidence from COVID-19

Review of Corporate Finance, Forthcoming
Number of pages: 36 Posted: 20 Oct 2020 Last Revised: 30 Nov 2022
Bernard Tawiah and Michael O'Connor Keefe
Victoria University of Wellington and Victoria University of Wellington - Te Herenga Waka
Downloads 848 (46,251)
Citation 5

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Acquisition, Capital Expenditure, Cash Holdings, COVID-19

2.

Robust Determinants of IPO Underpricing and Their Implications for IPO Research

Number of pages: 49 Posted: 17 Mar 2009 Last Revised: 13 May 2016
Alexander W. Butler, Michael O'Connor Keefe and Robert L. Kieschnick
Rice University - Jesse H. Jones Graduate School of Business, Victoria University of Wellington - Te Herenga Waka and University of Texas at Dallas
Downloads 722 (57,533)
Citation 13

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IPO, initial returns, underpricing, underwriting, going public

3.

The Influence of Cash Flow Volatility on Capital Structure and the Use of Debt of Different Maturities

Journal of Corporate Finance, Vol. 38, 2016
Number of pages: 49 Posted: 23 Sep 2015 Last Revised: 14 May 2016
Michael O'Connor Keefe and Mona Yaghoubi
Victoria University of Wellington - Te Herenga Waka and University of Canterbury
Downloads 570 (77,865)
Citation 2

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Capital structure, cash flow volatility, zero leverage, debt maturity

4.

Does the Effect of Revealed Private Information on Initial Public Offering (IPO) First Trading Day Return Differ by IPO Market Heat?

Keefe, M.O.,‘Does the effect of revealed private information on initial public offering (IPO) first trading day return differ by IPO market heat?’, Accounting and Finance, Forthcoming
Number of pages: 50 Posted: 15 Jan 2009 Last Revised: 06 Mar 2014
Michael O'Connor Keefe
Victoria University of Wellington - Te Herenga Waka
Downloads 251 (195,568)
Citation 1

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Initial Public Offering, First Day Returns, Partial Adjustment, Valid Instruments

5.

Integrating Financial Crises into the Finance or Economics Curriculum

Number of pages: 17 Posted: 20 Apr 2009 Last Revised: 23 Apr 2009
Michael O'Connor Keefe
Victoria University of Wellington - Te Herenga Waka
Downloads 246 (199,514)
Citation 1

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Financial Crisis, Financial Institutions, Financial Markets, Financial Instability, Pedagogy, Manias, Panics

6.

Is the Relationship between Investment and Conditional Cash Flow Volatility Ambiguous, Asymmetric or Both?

Accounting & Finance, 53, 4 (2013), pp. 913-947.
Number of pages: 43 Posted: 14 Dec 2012 Last Revised: 06 Mar 2014
Michael O'Connor Keefe and James Tate
Victoria University of Wellington - Te Herenga Waka and Victoria University of Wellington
Downloads 200 (242,509)
Citation 1

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Cash Flow Volatility, Investment, Financial Flexibility, Real Options, Financial Constraints

7.

The Effect of Differences of Opinion and Market Conditions on the Pricing of IPOs by Investment Banks

Number of pages: 44 Posted: 23 Mar 2009 Last Revised: 31 Jul 2012
Michael O'Connor Keefe
Victoria University of Wellington - Te Herenga Waka
Downloads 154 (304,213)

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Initial Public Offering, Investment Bank, Underwriter, Offer Price, First Day Returns,Effort, Bubble, Bargaining Power

8.

Why Does the Marginal Value of Cash to Shareholders Vary Over Time?

Number of pages: 45 Posted: 31 Jul 2012 Last Revised: 24 Dec 2013
Michael O'Connor Keefe and Robert L. Kieschnick
Victoria University of Wellington - Te Herenga Waka and University of Texas at Dallas
Downloads 129 (349,966)

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Cash, Financial Flexibility, Agency Costs, Macroeconomic Conditions

9.

Rookie Directors and Firm Performance: Evidence From China

Journal of Corporate Finance, Forthcoming
Number of pages: 67 Posted: 24 Nov 2019
Zonghao Chen and Michael O'Connor Keefe
Guangdong University of Foreign Studies - School of Finance and Victoria University of Wellington - Te Herenga Waka
Downloads 109 (395,484)
Citation 1

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Rookie Directors, Firm Performance, China, Meeting Attendance, Tunneling

10.

The Influence of Moral Hazard on Investment in Financially Constrained and Unconstrained Firms

Finance Research Letters, Forthcoming
Number of pages: 17 Posted: 19 Oct 2013 Last Revised: 20 Feb 2014
Michael O'Connor Keefe and Robert L. Kieschnick
Victoria University of Wellington - Te Herenga Waka and University of Texas at Dallas
Downloads 100 (420,212)

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Investment, moral hazard, financial constraints, free cash flow

11.

Board of Director Compensation in China: To Pay or Not to Pay? How Much to Pay?

Number of pages: 46 Posted: 01 Dec 2017 Last Revised: 20 May 2018
Zonghao Chen and Michael O'Connor Keefe
Guangdong University of Foreign Studies - School of Finance and Victoria University of Wellington - Te Herenga Waka
Downloads 84 (469,201)

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Director Compensation, Director Characteristics, Ownership Structure

12.

The Influence of Investment Volatility on Capital Structure and Cash Holdings

Number of pages: 32 Posted: 21 Nov 2019
Mona Yaghoubi and Michael O'Connor Keefe
University of Canterbury and Victoria University of Wellington - Te Herenga Waka
Downloads 79 (486,486)

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capital structure, cash holding and investment volatility

13.

Peer Effects in Corporate Diversification

Number of pages: 64 Posted: 09 Dec 2022 Last Revised: 09 Jan 2023
Pengfei Liu, Zonghao Chen, Mouhammed Tahir Suleman and Michael O'Connor Keefe
China Jiliang University, Guangdong University of Foreign Studies - School of Finance, Department of Accounting and Finance, University of Otago and Victoria University of Wellington - Te Herenga Waka
Downloads 70 (520,557)

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Corporate diversification; Peer effects; Product market competition; Capital reallocation.

14.

The Seasonal Affective Disorder: The Seasons versus the Length of Night

The Empirical Economic Letters, 12, 12 (2013), pp. 1355-1369.
Number of pages: 11 Posted: 24 Oct 2013 Last Revised: 07 Mar 2014
Mohammed Khaled, Michael O'Connor Keefe and Stephen P. Keef
Victoria University of Wellington - Te Herenga Waka - School of Economics & Finance, Victoria University of Wellington - Te Herenga Waka and Victoria University of Wellington - Te Herenga Waka - School of Accounting and Commercial Law
Downloads 68 (528,621)

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Seasonal affective disorder, Seasons, Mood, Asset Pricing

15.

The influence of cash flow volatility on firm use of debt of different maturities or zero-debt: International evidence

Number of pages: 56 Posted: 09 Feb 2022
Michael O'Connor Keefe and Phoebe (Huyen) Nguyen
Victoria University of Wellington - Te Herenga Waka and Victoria University of Wellington - Te Herenga Waka - Victoria Business School
Downloads 63 (554,362)

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Debt Maturity, Zero Debt, Cash Flow Volatility, Emerging Markets, Developing Economies, Advanced Economies

16.

The Cash Flow Sensitivity of Cash Dividends in Different Dividend Taxation Systems

Number of pages: 46 Posted: 12 Dec 2017
Michael O'Connor Keefe and Ratheshan Manickaratnam
Victoria University of Wellington - Te Herenga Waka and Victoria University of Wellington - Te Herenga Waka
Downloads 63 (550,022)

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Dividends, Imputation, Cash Flow

17.

A Theory of Political Connections Through Lender Compensation, Enforcement, and Social Objectives on Interest Rates, Access to Credit, and Investment

8th Conference on Financial Markets and Corporate Governance (FMCG) 2017
Number of pages: 44 Posted: 15 May 2016 Last Revised: 14 Jan 2017
Michael O'Connor Keefe
Victoria University of Wellington - Te Herenga Waka
Downloads 59 (568,088)

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political connections, lending decisions, social objectives

18.

Financing a Corporate Venture Capital Program

Journal of Banking and Finance, Vol. 135, No. 106364, 2022
Number of pages: 39 Posted: 05 May 2022
Bernard Tawiah and Michael O'Connor Keefe
Victoria University of Wellington and Victoria University of Wellington - Te Herenga Waka
Downloads 46 (634,138)

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Corporate Venture Capital, Capital Structure, Cash Holdings

19.

Seasonal Affective Disorder and IPO Underpricing: Updated Evidence

Journal of Neuroscience, Psychology, and Economics, 8, 2(2015), pp. 78–99.
Number of pages: 43 Posted: 24 Oct 2013 Last Revised: 28 Jun 2015
Stephen P. Keef, Michael O'Connor Keefe and Mohammed Khaled
Victoria University of Wellington - Te Herenga Waka - School of Accounting and Commercial Law, Victoria University of Wellington - Te Herenga Waka and Victoria University of Wellington - Te Herenga Waka - School of Economics & Finance
Downloads 46 (634,138)

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Seasonal Affective Disorder, Seasons, Mood, IPO, Underpricing

20.

Venture Capital and Private Equity-backed Firms at the Beginning: Effect on Firm Financial Policies

Number of pages: 41 Posted: 09 Feb 2022
Phoebe (Huyen) Nguyen and Michael O'Connor Keefe
Victoria University of Wellington - Te Herenga Waka - Victoria Business School and Victoria University of Wellington - Te Herenga Waka
Downloads 44 (645,626)

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Venture Capital, Cash Flow Volatility, Leverage, Zero Leverage

Other Papers (1)

Total Downloads: 0
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1.

Data Breaches and Corporate Liquidity Management

Posted: 20 Jun 2018 Last Revised: 08 Oct 2020
Kwabena Boasiako and Michael O'Connor Keefe
Manchester Metropolitan University and Victoria University of Wellington - Te Herenga Waka

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data breach, disclosure laws, cash holdings, industry spill over