This study examines the role of activist investors in firms' decisions to conduct open market share repurchases. Compared with firms making ordinary share repurchases, firms making activist-involved repurchases have more cash holdings, are more undervalued, experience better subsequent stock...

We find that investors react more favorably to announcements of share repurchases, SEOs, earnings, dividend changes, and acquisitions if the announcement is made immediately prior to or on holidays. Preholiday corporate announcements are associated with more positive reactions for favorable...

This paper examines whether corporate managers follow the collective actions of arbitrageurs, measured by short interest, in deciding whether to conduct seasoned equity offers (SEOs). We find that short interest predicts future SEOs and has a marginal impact comparable to well-known predictors....

We study the effects of a direct high-speed rail (HSR) service between two cities on investors and firms in China. We find that, after an HSR introduction, investors make more cross-city searches and block purchases of firms in connected cities. An HSR introduction also leads to less co-movement...

Purpose – This paper aims to advance understanding of the conditions under which shared leadership would contribute to successful outcomes in projects and factors associated with its development. Design/methodology/approach – This is a conceptual paper that draws on existing research on...

Purpose – This editorial aims to introduce the special issue on leadership in projects and to highlight salient points from the background literature in this in order to place the articles contained in this special issue in context. Design/methodology/approach – A summary of key findings...