Studies of the wealth effects of international joint ventures report mixed results. However, little work has been done to explain this enigma. We explain this riddle by identifying the factors which influence the wealth effects. Using a sample of 100 ventures that were announced between 1979 and...

We examine the impact of initial public offerings (IPOs) on rival firms and find that the valuation effects are insignificant. This insignificant reaction can be explained by offsetting information and competitive effects. Significant positive information effects are associated with IPOs in...

Finance journal quality is a critical issue for faculty annual evaluations, for the tenure and promotion process, and for the administration of faculty workload plans. Unlike other studies that use objective measures(such as citation frequencies) to rate journals, this study focuses on the...