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Agency costs of free cash flow and the effect of shareholder rights on the implied cost of equity capital

Chen, Kevin C. W.; Chen, Zhihong; Wei, K. C. John - In: Journal of financial and quantitative analysis : JFQA 46 (2011) 1, pp. 171-207

Persistent link: https://www.econbiz.de/10008991259

Regulation fair disclosure and the cost of equity capital

Chen, Zhihong; Dhaliwal, Dan S.; Xie, Hong - In: Review of accounting studies 15 (2010) 1, pp. 106-144

Persistent link: https://www.econbiz.de/10003966355

Forecasting the probability of US recessions : a Probit and dynamic factor modelling approach

Chen, Zhihong; Iqbal, Azhar; Lai, Huiwen - In: The Canadian journal of economics 44 (2011) 2, pp. 651-672

Persistent link: https://www.econbiz.de/10009384069

Executive pay disparity and the cost of equity capital

Chen, Zhihong; Huang, Yuan; Wei, K. C. John - In: Journal of financial and quantitative analysis : JFQA 48 (2013) 3, pp. 849-885

Persistent link: https://www.econbiz.de/10010201230

The role of accounting information in security exchange delisting

Chen, Kevin C. W.; Schoderbek, Michael P. - In: Journal of accounting and public policy 18 (1999) 1, pp. 31-57

Persistent link: https://www.econbiz.de/10001365416

Do Global Stocks Outperform US Treasury Bills?

Bessembinder, Hendrik - 2020

We study compound returns to nearly 62,000 global common stocks during the 1990 to 2018 period, documenting that the majority, 56% of US stocks and 61% of non-US stocks, under perform one-month US Treasury bills over the full sample. Focusing on aggregate shareholder wealth creation measured in...

Persistent link: https://www.econbiz.de/10012848696

Chinese and Global ADRs : The U.S. Investor Experience

Bessembinder, Hendrik; Chen, Te-Feng; Choi, Goeun; Wei, … - 2021

We study outcomes to ADR investments between August 1954 and September 2020, with attention to ADRs associated with Chinese firms. Overall, ADRs improved investors’ wealth by $1.03 trillion, with more than a third of this amount attributable to ADRs associated with Chinese firms. A...

Persistent link: https://www.econbiz.de/10013234522

American Depository Receipts : The Long-Term U.S. Investor Experience

Bessembinder, Hendrik; Chen, Te-Feng; Choi, Goeun; Wei, … - 2021

We study long-run outcomes to those who invested in non-U.S. stocks through American Depository Receipts (ADRs) between August 1954 and September 2020, with particular attention to ADRs associated with Chinese firms. Overall, ADRs improved their investors’ wealth by $1.03 trillion, as compared...

Persistent link: https://www.econbiz.de/10013251048