P
P. Raghavendra Rau
Researcher at University of Cambridge
Publications - 92
Citations - 8180
P. Raghavendra Rau is an academic researcher from University of Cambridge. The author has contributed to research in topics: Shareholder & Investment banking. The author has an hindex of 35, co-authored 84 publications receiving 7078 citations. Previous affiliations of P. Raghavendra Rau include Saint Petersburg State University & Purdue University.
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Glamour, Value and the Post-Acquisition Performance of Acquiring Firms
TL;DR: In this article, the authors used a methodology robust to these criticisms to show that bidders in mergers underperform while bidder in tender offers overperform in the three years after the acquisition.
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Glamour, value and the post-acquisition performance of acquiring firms
TL;DR: In this article, the authors used a methodology robust to recent criticisms of standard long-horizon event study tests to show that bidders in mergers underperform while bidder in tender o¼ers overperform in the three years after the acquisition.
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Tunneling, propping, and expropriation: Evidence from connected party transactions in Hong Kong
TL;DR: In this paper, the authors examine a sample of connected transactions between Hong Kong listed companies and their controlling shareholders and find limited evidence that firms undertaking connected transactions trade at discounted valuations prior to the expropriation.
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Tunneling, Propping, and Expropriation: Evidence from Connected Party Transactions in Hong Kong
TL;DR: In this article, the authors examined a sample of 328 connected transactions between Hong Kong listed companies and their controlling shareholders during 1998-2000 and found that on average, firms earn significant negative excess returns both around the initial announcement of the connected transactions and during the 12-month period following the announcement, and limited evidence that the market anticipates the expropriation by discounting firms that undertake connected transactions.
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A Rose.com by Any Other Name
TL;DR: In this paper, the authors investigate the valuation effects of one particular form of corporate name change, those of companies who add ".com" to their names. But they find no evidence that the announcement of a name change results in a positive stock price reaction for the firm.