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Shantanu Dutta

Bio: Shantanu Dutta is an academic researcher from University of Ottawa. The author has contributed to research in topics: Dividend & Corporate governance. The author has an hindex of 20, co-authored 67 publications receiving 1243 citations. Previous affiliations of Shantanu Dutta include St. Francis Xavier University & University of Southern California.


Papers
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Journal ArticleDOI
TL;DR: In this paper, an empirical study was conducted among mobile banking service receivers in Bangladesh to investigate consumers' behavioral intentions to adopt mobile banking at the three distinct service stages, i.e., static, interaction, and transaction service.

158 citations

Journal ArticleDOI
TL;DR: In this paper, the authors investigated the long-term stock return performance of Canadian acquiring firms in the post event period by using 1300 M&A events between 1993-2002 period.
Abstract: In this paper, we investigate the long-term stock return performance of Canadian acquiring firms in the post event period by using 1300 M&A events between 1993-2002 period. We use both event-time and calendar-time approach and conduct robustness tests for benchmarks, methodological choices, statistical techniques and other related factors such as payment methods. We also assess the role of governance variables. Contrary to stylized facts reported in the U.S. studies, we do not find negative abnormal long-term abnormal returns for the acquirer following an acquisition event.

132 citations

Journal ArticleDOI
TL;DR: The most important factors influencing dividend policy are the level of current and expected future earnings, the stability of earnings, and the pattern of past dividends, according to survey results as mentioned in this paper.
Abstract: Purpose – The purpose of this research is to analyze survey results on the perception of dividends by managers of dividend‐paying firms listed on the Toronto Stock Exchange (TSX).Design/methodology/approach – Managers from a sample of 291 dividend‐paying TSX‐listed Canadian firms were surveyed about their views on dividends.Findings – The most important factors influencing dividend policy are the level of current and expected future earnings, the stability of earnings, and the pattern of past dividends. Despite dramatic differences in the level of ownership concentration between Canadian and US firms, their corresponding managers' views on the determinants of dividends are similar. Canadian managers believe that dividend policy affects firm value but express little agreement with the theory of a residual dividend policy. They express strong support for the signaling and lifecycle explanations for paying dividends, but not for the bird‐in‐the‐hand, tax‐preference and dividend clientele, agency cost, or cat...

115 citations

Journal ArticleDOI
TL;DR: In this paper, the authors investigated the long-term stock return performance of Canadian acquiring firms in the post-event period by using 1300 M&A events in the 1993-2002 period.
Abstract: In this paper, we investigate the long-term stock return performance of Canadian acquiring firms in the post-event period by using 1300 M&A events in the 1993–2002 period. We use both event-time and calendar-time approaches and conduct robustness tests for benchmarks, methodological choices, statistical techniques and other related factors such as payment methods. We also assess the role of governance variables. Contrary to stylized facts reported in US studies, neither do we find negative abnormal long-term abnormal stock market returns once we account for methodological discrepancies nor do we find negative long-term operating performance in the post-acquisition periods for the acquirer following an acquisition event. We also find that the Canadian market reacts positively to acquisition announcements but corrects for this reaction within a short period of time. Overall we find that Canadian acquisitions do not show value destruction or overpayment.

96 citations

Journal ArticleDOI
TL;DR: In this paper, the authors examined the effect of payment methods in the context of cross-border M&A deals and found that stock payment is viewed as a possible remedy for reducing information asymmetry and lowering corporate governance related risk.

82 citations


Cited by
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Book ChapterDOI
17 Jul 2002

1,123 citations

Journal ArticleDOI
TL;DR: In this paper, the authors present a risk management approach for value at risk and beyond in the context of risk management, which is based on the concept of Value at Risk and Beyond.
Abstract: (2003). Risk Management: Value at Risk and Beyond. Journal of the American Statistical Association: Vol. 98, No. 462, pp. 494-494.

612 citations

Journal ArticleDOI
TL;DR: In this article, the authors study the price adjustment practices and provide quantita- tive measurement of the managerial and customer costs of price adjust- ment using data from a large U.S. industrial manufacturer and its custom- ers.
Abstract: We study the price adjustment practices and provide quantita- tive measurement of the managerial and customer costs of price adjust- ment using data from a large U.S. industrial manufacturer and its custom- ers. We e nd that price adjustment costs are a much more complex construct than the existing industrial-organization or macroeconomics literature recognizes. In addition to physical costs ( menu costs), we identify and measure three types of managerial costs (information gath- ering, decision-making, and communication costs) and two types of customer costs (communication and negotiation costs). We e nd that the managerial costs are more than 6 times, and customer costs are more than 20 times, the menu costs. In total, the price adjustment costs comprise 1.22% of the company' s revenue and 20.03% of the company' s net margin. We show that many components of the managerial and customer costs are convex, whereas the menu costs are not. We also document the link between price adjustment costs and price rigidity. Finally, we provide evidence of managers' fear of antagonizing customers. I have no answer to the questionof how to measure these menu change costs, but these (menu cost) theories will never be taken seriously until an answer is provided. Edward Prescott (1987, p. 113)

574 citations