This article presents the trading behaviours of individual and institutional investors in Korean mergers and acquisitions market. Based on Chen <italic>et al.</italic> (2007), we consider a bidder's negative abnormal announcement-period return as a measure for bad merger. To investigate the investor trading...

This article examines the abnormal trading patterns by investor types around corporate mergers in the Korean financial market. Extending Han and Chung (2013), I investigate standardized abnormal net buy (SANB) of institutional and individual investors around both good and bad merger...

We examine the dynamic relations between institutional ownership and a firm's capital structure. We find that a firm's leverage decreases when institutional ownership increases. This result implies that a firm reduces its debt level as institutional investors substitute for the monitoring role...

This study investigates the relationship between managerial entrenchment and how firms meet or beat earnings forecasts. It further examines whether this relationship changes before and after the Sarbanes–Oxley Act (SOX). We find that, in the pre-SOX era, entrenched managers meet or exceed...

Porous NiTi shape memory alloy (SMA) with 48% porosity and an average pore size of 50–800 μm was synthesized by capsule-free hot isostatic pressing (CF-HIP). To enhance the surface bioactivity, the porous NiTi SMA was subjected to H2O2 and subsequent NaOH treatment. Scanning electron...

This article studies a sample of 225 Chinese A-share Seasoned Equity Offerings (SEOs) from 1999 to 2007. We compare a novel underpricing measure with a Stochastic Frontier Approach (SFA) as in Koop and Li (2001) to the conventional measure based on the difference between primary market price and...