This paper studies how the capital market perceives brand name adoption. I distinguish between brand adoption and radical type of corporate name change. A brand adoption name change occurs when the firm adopts one of its well-established brands as its new corporate name and a radical type occurs...

This study focuses on the labour cost competitiveness of the paper and pulp industry in China and Finland in particular, using the corresponding German, the US and Estonian industries as a point of comparison in the early 2000s. This study deepens the analysis of the earlier study of the cost...

This paper empirically examines the determinants of the choice between private and public offerings and expected price discounts by using a new database, which details the buyers and contracts of private placements in high-technology industries between 1986 and 1997. The estimates indicate that...

This paper attempts specifically to answer the question: whether there is any influence of shareholder activism on changes in board structure. I have used 8 years of directors data from 1988 through 1995 of the Forbes 500 corporations of 1987. I document that board sizes decreased during...

Extant research finds mixed empirical results regarding whether private placement firms are undervalued. Hertzel and Smith (1993) suggest that private placements are undervalued. On the other hand, Krishnamurthy et al. (2004) and Hertzel et al. (2002) show that, similar to public offering firms,...

This paper uses a simple approach to capture time-varying risks surrounding seasoned equity offerings to shed further light on SEO timing and post-issue underperformance. We find that a steady decline in issuing firms' cost of equity capital to its lowest point prompts them to file SEOs. The...

We analyze the nanotechnology patent applications filed in China from 1998 to 2008 and find that the extraordinary nanotechnology development in China has been primarily promoted by the public sector but not driven by industry and market force. This finding implies that developing countries such...