Are publicly held firms less efficient? Evidence from the US property-liability insurance industry
暂无分享,去创建一个
[1] W. Cooper,et al. Data Envelopment Analysis: A Comprehensive Text with Models, Applications, References and DEA-Solver Software , 1999 .
[2] Oved Yosha. Information Disclosure Costs and the Choice of Financing Source , 1995 .
[3] J. Cummins,et al. Optimal Capital Utilization by Financial Firms: Evidence from the Property-Liability Insurance Industry , 2002 .
[4] F. Chaddad,et al. The Economics of Organization Structure Changes: A Us Perspective on Demutualization , 2004 .
[5] Peter K. Pham,et al. Pre-IPO ownership structure and its impact on the IPO process ☆ , 2008 .
[6] Deborah J. Lucas,et al. Equity Issues and Stock Price Dynamics , 1989 .
[7] John J. McGowan,et al. On the Misuse of Accounting Rates of Return to Infer Monopoly Profits , 1983 .
[8] Geoffrey C. Friesen,et al. Overreaction in the thrift IPO aftermarket , 2009 .
[9] David Stolin,et al. Returns to Acquirers of Listed and Unlisted Targets , 2004, Journal of Financial and Quantitative Analysis.
[10] Saeyoung Chang,et al. Takeovers of Privately Held Targets, Methods of Payment, and Bidder Returns , 1998 .
[11] Xiaoying Xie,et al. The United States Insurance Market: Characteristics and Trends , 2007 .
[12] Chris J. Muscarella,et al. Efficiency and Organizational Structure: A Study of Reverse LBOs , 1990 .
[13] Mary A. Weiss,et al. Organizational Form and Efficiency: The Coexistence of Stock and Mutual Property-Liability Insurers , 1999 .
[14] K. Viswanathan. The Pricing of Insurer Demutualization Initial Public Offerings , 2006 .
[15] Mary A. Weiss,et al. Analyzing Firm Performance in the Insurance Industry Using Frontier Efficiency and Productivity Methods , 2011 .
[16] Randolph P. Beatty,et al. Earnings management and the underperformance of seasoned equity offerings , 1998 .
[17] W. Mikkelson,et al. Ownership and operating performance of companies that go public , 1997 .
[18] David F. Larcker,et al. The financial performance of reverse leveraged buyouts , 1996 .
[19] Mary A. Weiss,et al. Consolidation and Efficiency in the U.S. Life Insurance Industry , 1998 .
[20] Scott E. Harrington,et al. Capital Structure Decisions in the Insurance Industry: Stocks versus Mutuals , 2002 .
[21] Q. Drechsler,et al. Returns Post Catastrophe Induced Seasoned Equity Offerings of Property and Casualty Insurance Companies , 2009 .
[22] Bharat A. Jain,et al. The Post-Issue Operating Performance of IPO Firms , 1994 .
[23] Randolph P. Beatty,et al. INVESTMENT BANKING, REPUTATION, AND THE UNDERPRICING OF INITIAL PUBLIC OFFERINGS* , 1986 .
[24] Rajiv D. Banker,et al. Evaluating Contextual Variables Affecting Productivity Using Data Envelopment Analysis , 2008, Oper. Res..
[25] Katherine Schipper,et al. A comparison of equity carve-outs and seasoned equity offerings: Share price effects and corporate restructuring , 1986 .
[26] Mary A. Weiss,et al. Analyzing Firm Performance in the Insurance Industry Using Frontier Efficiency Methods , 1998 .
[27] Luigi Zingales. Insider Ownership and the Decision to Go Public , 1995 .
[28] J. Cummins,et al. Mergers & Acquisitions in the U.S. Property-Liability Insurance Industry: Productivity and Efficiency Effects , 2007 .
[29] Sharon Tennyson,et al. Capital Shocks and Merger Activity in the Property-Liability Insurance Industry , 1998 .
[30] Vojislav Maksimovic,et al. Technological Innovation and Initial Public Offerings , 1998 .
[31] J. Cummins,et al. Ownership Structure Changes in the Insurance Industry: An Analysis of Demutualization , 2003 .
[32] Adlai J. Fisher,et al. Corporate Investment and Asset Price Dynamics: Implications for SEO Event Studies and Long-Run Performance , 2004 .
[33] Thomas J. Chemmanur,et al. A Theory of the Going-Public Decision , 1999 .
[34] J. Ritter. The Long-Run Performance of Initial Public Offerings , 1991 .
[35] Jay R. Ritter,et al. The costs of going public , 1987 .
[36] Rachel M. Hayes,et al. The Sarbanes-Oxley Act and Firms' Going-Private Decisions , 2004 .
[37] James C. Brau,et al. The Choice of IPO versus Takeover: Empirical Evidence* , 2003 .
[38] Clifford W. Smith,et al. Ownership Structure across Lines of Property-Casualty Insurance , 1988, The Journal of Law and Economics.
[39] Ivo Welch,et al. Earnings Management and the Long-Run Market Performance of Initial Public Offerings , 1998 .
[40] Jean Helwege. The Decision to Go Public: Evidence from Mandatory SEC Filings of Private Firms , 2003 .
[41] Thomas J. Chemmanur,et al. The Going Public Decision and the Product Market , 2008 .
[42] S. Fawcett,et al. Initial Public Offerings: An Analysis of Theory and Practice , 2004 .
[43] Richard J. Zeckhauser,et al. The reverse LBO decision and firm performance: Theory and evidence , 1993 .
[44] Hayne E. Leland,et al. INFORMATIONAL ASYMMETRIES, FINANCIAL STRUCTURE, AND FINANCIAL INTERMEDIATION , 1977 .
[45] R. Banker. Maximum likelihood, consistency and data envelopment analysis: a statistical foundation , 1993 .
[46] Ross L. Watts,et al. Agency Problems, Auditing, and the Theory of the Firm: Some Evidence , 1983, The Journal of Law and Economics.
[47] Jean Tirole,et al. Market Liquidity and Performance Monitoring , 1993, Journal of Political Economy.
[48] Tim Loughran,et al. The New Issues Puzzle , 1995 .
[49] Alexander J. Triantis,et al. Why Do Firms Go Dark? Causes and Economic Consequences of Voluntary SEC Deregistrations , 2008 .
[50] J. Ritter,et al. The Seven Percent Solution , 2000 .
[51] J. Cummins,et al. Market values and efficiency in US insurer acquisitions and divestitures , 2009 .
[52] Gerald R. Faulhaber,et al. Signalling by underpricing in the IPO market , 1989 .
[53] J. Lerner,et al. VENTURE CAPITALISTS AND THE DECISION TO GO PUBLIC , 1994 .
[54] J. Cummins,et al. Comparison of Frontier Efficiency Methods: An Application to the U.S. Life Insurance Industry , 1998 .
[55] Hyuk Choe,et al. Common Stock Offerings Across the Business Cycle: Theory and Evidence , 1993 .
[56] Cláudia S. Sarrico,et al. Data Envelopment Analysis: A Comprehensive Text with Models, Applications, References and DEA-Solver Software , 2001, J. Oper. Res. Soc..
[57] Georges Dionne,et al. Handbook of insurance , 2000 .
[58] M. C. Jensen,et al. THEORY OF THE FIRM: MANAGERIAL BEHAVIOR, AGENCY COSTS AND OWNERSHIP STRUCTURE , 1976 .
[59] Rajiv D. Banker,et al. A simulation study of DEA and parametric frontier models in the presence of heteroscedasticity , 2004, Eur. J. Oper. Res..
[60] Ekkehart Boehmer,et al. On the Decision to Go Public: Evidence from Privately-Held Firms , 2004, SSRN Electronic Journal.
[61] M. Pagano,et al. Why Do Companies Go Public? An Empirical Analysis , 1995 .
[62] Kenneth A. Carow,et al. Earnings Management and Initial Public Offerings: The Case of the Depository Industry , 2009 .
[63] Abbie J. Smith. Corporate ownership structure and performance *1: The case of management buyouts , 1990 .
[64] John L. Teall,et al. IPOs, clustering, indirect learning and filing independently , 2009 .
[65] S. Benninga,et al. The Timing of Initial Public Offerings , 2003 .
[66] Michael J. McNamara,et al. The Wealth Effect of Demutualization: Evidence from the U.S. Property-Liability and Life Insurance Industries , 2008 .
[67] H. Servaes,et al. Analyst Following of Initial Public Offerings , 1997 .
[68] R. Shepherd. Theory of cost and production functions , 1970 .
[69] Kevin F. Rock. Why new issues are underpriced , 1986 .
[70] Richard D. Phillips,et al. Estimating the Cost of Equity Capital for Property-Liability Insurers , 2003 .
[71] Bradford D. Jordan,et al. The Quiet Period Goes out with a Bang , 2003 .
[72] Mark Grinblatt,et al. Signalling and the Pricing of New Issues , 1989 .
[73] Ivo Welch,et al. Seasoned Offerings, Imitation Costs, and the Underpricing of Initial Public Offerings , 1989 .
[74] Steven N. Kaplan,et al. The effects of management buyouts on operating performance and value , 1989 .
[75] Donghui Wu,et al. Regulations, Earnings Management, and Post-IPO Performance: The Chinese Evidence , 2007 .
[76] 篠原 正明,et al. William W.Cooper,Lawrence M.Seiford,Kaoru Tone 著, DATA ENVELOPMENT ANALYSIS : A Comprehensive Text with Models, Applications, References and DEA-Solver Software, Kluwer Academic Publishers, 2000年, 318頁 , 2002 .