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Low leverage policy: a boon or bane for Indian shareholders
Soumya Guha Deb,Pradip Banerjee +1 more
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In this paper, the authors investigate whether following an apparently sub-optimal almost zero leverage (AZL) policy by some Indian firms actually creates incremental value for their shareholders or is detrimental for them.Citations
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Performance of VC/PE-backed IPOs: New Insights from India:
Soumya Guha Deb,Pradip Banerjee +1 more
TL;DR: In this article, the authors explore long-term equity and operating performance of Indian firms issuing initial public offerings (IPOs) backed by VC/PE funding. Using data for 173 Indian firms, they find that the average revenue per share of the companies was
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Do words reveal the latent truth? Identifying communication patterns of corporate losers
TL;DR: This article explored the communication patterns through various channels of loser firms which have witnessed prolonged underperformance and compare the same w.r.t their peers from the same industry, and found that loser firms have a negative mood while conveying earnings vis-a-vis their comparable firms.
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Corporate Social Responsibility and Zero Leverage
TL;DR: In this paper , the authors investigate the link between Corporate Social Responsibility (CSR) and Zero Leverage (ZL) policy of firms and find that CSR and ZL policy complement each other, adding to the firm's financial and social sustainability.
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The phenomenon of zero-leverage policy: Literature review
TL;DR: A review of the literature on zero-debt policy can be found in this article , where the authors provide unique conceptual and methodological knowledge contributions, by critically analyzing prior works and paving the way for the advancement of new paradigms.
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Limited Effectiveness of IT/IS Investments in an Emerging Economy
Rahul Thakurta,Soumya Guha Deb +1 more
TL;DR: In this paper , the impact of IT/IS investments on the firm's performance in India based on data of around 6500 IT and IS investments during 2000-2016 is analyzed.
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Theory of the firm: Managerial behavior, agency costs and ownership structure
TL;DR: In this article, the authors draw on recent progress in the theory of property rights, agency, and finance to develop a theory of ownership structure for the firm, which casts new light on and has implications for a variety of issues in the professional and popular literature.
Journal Article
The Cost of Capital, Corporation Finance and the Theory of Investment
TL;DR: In this article, the effect of financial structure on market valuations has been investigated and a theory of investment of the firm under conditions of uncertainty has been developed for the cost-of-capital problem.
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Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers
TL;DR: In this paper, the benefits of debt in reducing agency costs of free cash flows, how debt can substitute for dividends, why diversification programs are more likely to generate losses than takeovers or expansion in the same line of business or liquidationmotivated takeovers, and why the factors generating takeover activity in such diverse activities as broadcasting and tobacco are similar to those in oil.
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Corporate financing and investment decisions when firms have information that investors do not have
TL;DR: In this paper, a firm that must issue common stock to raise cash to undertake a valuable investment opportunity is considered, and an equilibrium model of the issue-invest decision is developed under these assumptions.
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On Persistence in Mutual Fund Performance
TL;DR: Using a sample free of survivor bias, this paper showed that common factors in stock returns and investment expenses almost completely explain persistence in equity mutual fund's mean and risk-adjusted returns.