SEARCH

SEARCH BY CITATION

REFERENCES

  • Al-Horani, A., P. F. Pope and A.W. Stark (2003), ‘Research and Development Activity and Expected Returns in the U.K.’, European Finance Review, Vol. 7, pp. 2746.
  • Allison, P. D. (2000), ‘Survival Analysis Using the SAS System: A Practical Guide’ (SAS Institute Publishing).
  • Alvarez, S. and V. M. Gonzalez (2005), ‘Signaling and the Long-Run Performance of Spanish Initial Public Offerings (IPOs)’, Journal of Business Finance & Accounting, Vol. 32, pp. 32550.
  • Amir, E., Y. L. Guan and G. Livne (2007), ‘The Association of R&D and Capital Expenditures with Subsequent Earnings Variability’, Journal of Business Finance & Accounting, Vol. 34, pp. 22246.
  • Anagnostopoulou, S. and M. Levis. (2006), ‘R&D and Performance Persistence: Evidence from the UK’, Working Paper ( Cass Business School ).
  • Bandopadhyaya, A. (1994), ‘An Estimation of the Hazard Rate of Firms Under Chapter 11 Protection’, Review of Economics and Statistics, Vol. 76, pp. 34650.
  • Barber, B. M. and J. D. Lyon (1996), ‘Detecting Abnormal Operating Performance: The Empirical Power and Application of Test Statistics’, Journal of Financial Economics, Vol. 41, pp. 35999.
  • Barnes, E. and G. Hardie-Brown (2006), ‘The Diversification Puzzle: Revisiting the Value Impact of Diversification for U.K. Firms’, Journal of Business Finance & Accounting, Vol. 33, pp. 150834.
  • Berger, P. G. and E. Ofek (1995), ‘Diversification's Effect on Firm Value’, Journal of Financial Economics, Vol. 37, pp. 3965.
  • Blose, L. E. and J. C. P. Shieh (1997), ‘Tobin's Q and Market Reaction to Capital Investment Announcements’, Financial Review, Vol. 32, pp. 44976.
  • Bolton, P. and D. Scharfstein (1990), ‘A Theory of Predation Based on Agency Problem in Financial Contracting’, American Economic Review, Vol. 80, pp. 93106.
  • Bottazzi, L. and M. Da Rin (2004), ‘Financing Entrepreneurial Firms in Europe: Facts, Issues, and Research Agenda’, in C.Keuschnigg and V.Kanniainen (eds.), Venture Capital, Entrepreneurship, and Public Policy ( Cambridge , MA , MIT Press), pp. 332.
  • Cabral, L. and J. Mata (2003), ‘On the Evolution of the Firm Size Distribution: Facts and Theory’, American Economic Review, Vol. 93, pp. 107590.
  • Capozza, D. R. and P. J. Seguin (2001), ‘Why Focus Matters? Real Estate Finance, Vol. 17, pp. 715.
  • Carter, R. B., F. H. Dark and A.K. Singh (1998), ‘Underwriter Reputation, Initial Returns, and the Long-run Performance of IPO Stocks’, Journal of Finance, Vol. 53, pp. 285311.
  • Caves, R. (1998), ‘Industrial Organization and New Findings on the Turnover and Mobility of Firms’, Journal of Economic Literature, Vol. 36, pp. 194782.
  • Chan, S. H., J. D. Martin and J.W. Kensinger (1990), ‘Corporate Research and Development Expenditures and Share Value’, Journal of Financial Economics, Vol. 26, pp. 25576.
  • Chatterjee, S. and B. Wernerfelt (1991), ‘The Link between Resources and Type of Diversification: Theory and Evidence’, Strategic Management Journal, Vol. 12, pp. 3348.
  • Christensen, C. M. (1993), ‘The Rigid Disk Drive Industry: A History of Commercial and Technological Turbulence’, Business History Review, Vol. 67, pp. 53188.
  • Christensen, H. K. and C. A. Montgomery (1981), ‘Corporate Economic Performance: Diversification Strategy versus Market Structure’, Strategic Management Journal, Vol. 2, pp. 32743.
  • Chung, K. H., P. Wright and C. Charoenwong (1998), ‘Investment Opportunities and Market Reaction to Capital Expenditure Decisions’, Journal of Banking and Finance, Vol. 22, pp. 4160.
  • Comment, R. and G. A. Jarrell (1995), ‘Corporate Focus and Stock Returns’, Journal of Financial Economics, Vol. 37, pp. 6787.
  • Cooley, T. and V. Quadrini (2001), ‘Financial Markets and Firm Dynamics’, American Economic Review, Vol. 91, pp. 1286310.
  • Cox, D. R. (1972), ‘Regression Models and Life Tables’, Journal of the Royal Statistical Society, Vol. 34, pp. 187220.
  • Denis, D. J. and D.K. Denis (1993), ‘Managerial Discretion, Organization Structure, and Corporate Performance: A Study of Reverse Recapitalizations’, Journal of Accounting and Economics, Vol. 16, pp. 20936.
  • Eberhart, A. C., W. F. Maxwell and A.R. Siddique (2004), ‘An Examination of Long-Term Abnormal Stock Returns and Operating Performance Following R&D Increases’, Journal of Finance, Vol. 59, pp. 62350.
  • Espenlaub, S., A. Gregory and I. Tonks (2000), ‘Reassessing the Long-Term Underperformance of U.K. Initial Public Offerings’, European Financial Management, Vol. 6, pp. 31942.
  • Ghosh, A. (2001), ‘Does Operating Performance Really Improve Following Corporate Acquisitions?’, Journal of Corporate Finance, Vol. 7, pp. 15178.
  • Goergen, M. (2005), ‘Insider Retention and the Long-Run Performance in German and U.K. IPOs’, in I.Filatotchev and M.Wright (eds.), The Life Cycle of Corporate Governance ( Cheltenham , Edward Elgar Publishing), pp. 12343.
  • Goergen, M., A. Khurshed and R. Mudambi (2007), ‘The Long-run Underperformance of U.K. IPOs: Can it be Predicted?’, Managerial Finance, Vol. 33, pp. 40119.
  • Guo, R., B. Lev and C. Shi (2006), ‘Explaining the Short- and Long-Term IPO Anomalies in the US by R&D’, Journal of Business Finance & Accounting, Vol. 33, pp. 55079.
  • Healy, P. M., K. G. Palepu and R.S. Ruback (1992), ‘Does Corporate Performance Improve After Mergers?’, Journal of Financial Economics, Vol. 31, pp. 13575.
  • Hellman, T. and M. Puri (2002), ‘Venture Capital and the Professionalization of Start-Up Firms: Empirical Evidence’, Journal of Finance, Vol. 57, pp. 16997.
  • Hensler, D. A., R. C. Rutherford and T.M. Springer (1997), ‘The Survival of Initial Public Offerings in the Aftermarket’, Advances in Quantitative Analysis of Finance and Accounting, Vol. 4, pp. 77103.
  • Hirschey, M. and J. Weygandt (1985), ‘Amortization Policy for Advertising and Research and Development Expenditures’, Journal of Accounting Research, Vol. 23, pp. 32685.
  • Holmstrom, B. and R. Costa (1986), ‘Managerial Incentives and Capital Management’, Quarterly Journal of Economics, Vol. 101, pp. 83560.
  • Holthausen, R. and D. Larcker (1996), ‘The Financial Performance of Reverse Leveraged Buyouts’, Journal of Financial Economics, Vol. 42, pp. 293332.
  • Jain, B. A. and O. Kini (1994), ‘The Post-issue Operating Performance of IPO Firms’, Journal of Finance, Vol. 49, pp. 1699726.
  • Jain, B. A. and O. Kini (1999), ‘On Investment Bank Monitoring in the New Issues Market’, Journal of Banking and Finance, Vol. 23, pp. 4984.
  • Jain, B. A. and O. Kini (2000), ‘Does the Presence of Venture Capitalists Improve the Survival Profile of IPO Firms? Journal of Business Finance & Accounting, Vol. 26, pp. 113976.
  • Jenkinson, T. and A. P. Ljungqvist (2001), Going Public: The Theory and Evidence on How Companies Raise Equity Capital ( Oxford : Oxford University Press).
  • Kaplan, S. (1989), ‘The Effect of Management Buyouts on Operating Performance and Value’, Journal of Financial Economics, Vol. 24, pp. 21754.
  • Kanatas, G., G. Grullon and J. Weston (2004), ‘Advertising, Breadth of Ownership, and Liquidity’, Review of Financial Studies, Vol. 17, pp. 43961.
  • Keloharju, M. (1993), ‘The Winner's Curse, Legal Liability and the Long-Run Performance of Initial Public Offerings in Finland’, Journal of Financial Economics, Vol. 34, pp. 25177.
  • Khurshed, A., S. Paleari and S. Vismara (2005), ‘The Operating and Share Price Performance of Initial Public Offerings: The U.K. Experience’, Working Paper ( University of Manchester and University of Bergamo ).
  • Kothari, S. P., T.E. Laguerre and A.J. Leone (2002), ‘Capitalization versus Expensing: Evidence on the Uncertainty of Future Earnings from Current R&D Investments’, Review of Accounting Studies, Vol. 7, pp. 35582.
  • Lane, W. R., S.W. Looney and J.W. Wansley (1986), ‘An Application of the Cox Proportional Hazards Model to Bank Failure’, Journal of Banking and Finance, Vol. 10, pp. 51131.
  • Lang, L. H. and R. M. Stulz (1994), ‘Tobin's Q, Corporate Diversification, and Firm Performance’, Journal of Political Economy, Vol. 102, pp. 124880.
  • LeClere, M. J. (2000), ‘The Occurrence and Timing of Events: Survival Analysis Applied to a Study of Financial Distress’, Journal of Accounting Literature, Vol. 19, pp. 15889.
  • Lerner, J. (1995), ‘Pricing and Financial Resources: An Analysis of the Disk Drive Industry, 1980–88’, Review of Economics and Statistics, Vol. 77, pp. 58598.
  • Levis, M. (1993), ‘The Long-Run Underperformance of Initial Public Offerings: The U.K. Experience’, Financial Management, Vol. 22, pp. 2841.
  • Ljungqvist, A. P. (1997), ‘Pricing Initial Public Offerings: Further Evidence from Germany’, European Economic Review, Vol. 41, pp. 130920.
  • Loughran, T., J. R. Ritter and K. Rydqvist (1994), ‘Initial Public Offerings: International Insights,’ Pacific-Basin Finance Journal, Vol. 2, pp. 16599.
  • Louwers, T. J., F. M. Messina and M.D. Richard (1999), ‘The Auditor's Going Concern Disclosure as a Self-Fulfilling Prophecy: A Discrete Time Survival Analysis’, Decision Sciences, Vol. 30, pp. 80524.
  • MacDonald, A. (2007), ‘Rivals Aim to Mimic AIM's Success’, Wall Street Journal (March 23), C-5.
  • Maksimovic, V. and P. Pichler (2001), ‘Technological Innovation and Initial Public Offerings’, Review of Financial Studies, Vol. 14, pp. 45994.
  • McConnell, J. J. and C.J. Muscarella (1985), ‘Corporate Capital Expenditure Decisions and the Market Value of the Firm’, Journal of Financial Economics, Vol. 14, pp. 39922.
  • Meulbroek, L., M. Mitchell, J. H. Mulherin, J. Netter and A.B. Poulsen (1990), ‘Shark Repellents and Managerial Myopia: An Empirical Test’, Journal of Political Economy, Vol. 98, pp. 110817.
  • Mikkelson, W., M. Partch and K. Shah (1997), ‘Ownership and Operating Performance of Companies that go Public’, Journal of Financial Economics, Vol. 44, pp. 297307.
  • Pagano, M., F. Panetta and L. Zingales (1998), ‘Why Do Companies Go Public? An Empirical Analysis’, Journal of Finance, Vol. 53, pp. 2764.
  • Rajan, R., H. Servaes and L. Zingales (2000), ‘The Cost of Diversity: The Diversification Discount and Inefficient Investment’, Journal of Finance, Vol. 55, pp. 3580.
  • Ravenscraft, D. and F. M. Scherer (1982), ‘The Lag Structure of Returns to Research and Development’, Applied Economics, Vol. 14, pp. 60320.
  • Ritter, J. R. (1984), ‘The Hot Issue Market of 1980’, Journal of Business, Vol. 57, pp. 21541.
  • Ritter, J. R. (1991), ‘The Long-Run Performance of Initial Public Offerings’, Journal of Finance, Vol. 46, pp. 327.
  • Ritter, J. R. (2003), ‘Differences between European and American IPO Markets’, European Financial Management, Vol. 9, pp. 42134.
  • Ritter, J. R. and I. Welch (2002), ‘A Review of IPO Activity,’ Journal of Finance, Vol. 57, pp. 1795828.
  • Powell, R. G. and A. W. Stark (2005), ‘Does Operating Performance Increase Post-Takeover for U.K. Takeovers? A Comparison of Performance Measures and Benchmarks’, Journal of Corporate Finance, Vol. 11, pp. 293317.
  • Scharfstein, D. S. and J. C. Stein (2000), ‘The Dark Side of Internal Capital Markets: Divisional Rent-Seeking and Inefficient Investment’, Journal of Finance, Vol. 55, pp. 253764.
  • Shumway, T. (2001), ‘Forecasting Bankruptcy More Accurately: A Simple Hazard Model’, Journal of Business, Vol. 74, pp. 10124.
  • Simpson, A. (2006), ‘Voluntary Disclosure of Advertising Expenditures’, Working Paper ( London School of Economics and Political Science ).
  • Somers, M. (1996), ‘Modeling Employee Withdrawal Behavior Over Time: A Study of Turnover Using Survival Analysis’, Journal of Occupational and Organizational Psychology, Vol. 69, pp. 31523.
  • Titman, S., K. C. J. Wei and F. Xie (2004), ‘Capital Investments and Stock Returns’, Journal of Financial and Quantitative Analysis, Vol. 39, pp. 21040.
  • Verrecchia, R. (1983), ‘Discretionary Disclosure’, Journal of Accounting and Economics, Vol. 5, pp. 17994.
  • Vogt, S. C. (1997), ‘Cash Flow and Capital Spending: Evidence from Capital Expenditure Announcement’, Financial Management, Vol. 26, pp. 4457.