Issuance of warrants in seasoned equity offerings: evidence from rights offerings

Paper

Balachandran, Balasingham, Kanapathipillai, Sutharson, Krishnamurti, Chandrasekhar, Theobald, Michael and Velayutham, Eswaran. 2010. "Issuance of warrants in seasoned equity offerings: evidence from rights offerings." Balachandran, Balasingham (ed.) Inaugural Finance and Corporate Governance Conference (FCGC 2010). Melbourne, Australia 07 - 09 Apr 2010 Melbourne, Australia.
Paper/Presentation Title

Issuance of warrants in seasoned equity offerings: evidence from rights offerings

Presentation TypePaper
AuthorsBalachandran, Balasingham (Author), Kanapathipillai, Sutharson (Author), Krishnamurti, Chandrasekhar (Author), Theobald, Michael (Author) and Velayutham, Eswaran (Author)
EditorsBalachandran, Balasingham
Journal or Proceedings TitleProceedings of the Inaugural Finance and Corporate Governance Conference (FCGC 2010)
Number of Pages39
Year2010
Place of PublicationMelbourne, Australia
Web Address (URL) of Paperhttp://ssrn.com/abstract=1645008
Conference/EventInaugural Finance and Corporate Governance Conference (FCGC 2010)
Event Details
Inaugural Finance and Corporate Governance Conference (FCGC 2010)
Parent
Finance and Corporate Governance Conference
Event Date
07 to end of 09 Apr 2010
Event Location
Melbourne, Australia
Abstract

The Australian financial market is unique in enabling firms to raise new capital via right offerings of standalone warrants in seasoned equity offerings. As such, it provides an ideal environment for examining the validity of the Chemmanur and Fulghieri's (1997) signaling model for warrant inclusion in seasoned equity offerings via rights offerings by analyzing across unit offerings, standalone warrants and standalone equity. We provide empirical evidence in support of their model's predictions regarding
the issuance of warrants to existing shareholders. The quality dimension contained in the signals is associated with a more favorable stock price reaction, ceteris paribus.

Keywordsissuance choice; rights offerings; unit offerings; standalone warrants; equity offerings; agency cost hypothesis; signaling theory; Australia
ANZSRC Field of Research 2020350208. Investment and risk management
350204. Financial institutions (incl. banking)
480602. Equity and trusts law
Public Notes

Copyright La Trobe University.

Byline AffiliationsLa Trobe University
Deakin University
School of Accounting, Economics and Finance
Institution of OriginUniversity of Southern Queensland
Permalink -

https://research.usq.edu.au/item/q0xvy/issuance-of-warrants-in-seasoned-equity-offerings-evidence-from-rights-offerings

Log in to edit

Download files

Other Documentation
2010-gsm-fcgc-program.pdf
File access level: Anyone

  • 1934
    total views
  • 206
    total downloads
  • 1
    views this month
  • 0
    downloads this month

Export as

Related outputs

Target firm’s integrity culture and M&A performance
Balachandran, Balasingham, Faff, Robert W., Mishra, Sagarika and Shams, Syed. 2024. "Target firm’s integrity culture and M&A performance." Journal of Business Finance and Accounting. https://doi.org/10.1111/jbfa.12818
Does Clean Energy Reduce Environmental Pollution under the Environmental Kuznets Curve Hypothesis in Sri Lanka?
Velayutham, Eswaran. 2023. "Does Clean Energy Reduce Environmental Pollution under the Environmental Kuznets Curve Hypothesis in Sri Lanka?" Sustainability. 15 (14). https://doi.org/10.3390/su151410983
Are environmental damage and export concentration the major threats for the long-run economic growth in Bangladesh?
Rahman, Mohammad Mafizur, Velayutham, Eswaran and Kashem, Mohammad Abul. 2023. "Are environmental damage and export concentration the major threats for the long-run economic growth in Bangladesh? " PLoS One. 18 (4), pp. 1-18. https://doi.org/https://doi.org/10.1371/journal.pone.0284620
Impact of ICTs on Innovation and Performance of Firms: Do Start-ups, Regional Proximity and Skills Matter?
Alam, Khorshed, Ali, Mohammad Afshar, Erdiaw-Kwasie, Michael, Shahiduzzaman, Md, Velayutham, Eswaran, Murray, Peter A. and Wiesner, Retha. 2022. "Impact of ICTs on Innovation and Performance of Firms: Do Start-ups, Regional Proximity and Skills Matter?" Sustainability. 14 (10), pp. 1-18. https://doi.org/10.3390/su14105801
Does tourism contribute towards zero-carbon in Australia? Evidence from ARDL modelling approach
Khanal, Avishek, Rahman, Mohammad Mafizur, Khanam, Rasheda and Velayutham, Eswaran. 2022. "Does tourism contribute towards zero-carbon in Australia? Evidence from ARDL modelling approach." Energy Strategy Reviews. 43, pp. 1-12. https://doi.org/10.1016/j.esr.2022.100907
The role of tourism in service sector employment: Do market capital, financial development and trade also play a role?
Khanal, Avishek, Rahman, Mohammad Mafizur, Khanam, Rasheda and Velayutham, Eswaran. 2022. "The role of tourism in service sector employment: Do market capital, financial development and trade also play a role?" PLoS One. 17 (8), pp. 1-18. https://doi.org/10.1371/journal.pone.0270772
Reduction of CO2 emissions: the role of renewable energy, technological innovation and export quality
Rahman, Mohammad Mafizur, Alam, Khosrul and Velayutham, Eswaran. 2022. "Reduction of CO2 emissions: the role of renewable energy, technological innovation and export quality." Energy Reports. 8, pp. 2793-2805. https://doi.org/10.1016/j.egyr.2022.01.200
Exploring the Impact of Air Transport on Economic Growth: New Evidence from Australia
Khanal, Avishek, Rahman, Mohammad Mafizur, Khanam, Rasheda and Velayutham, Eswaran. 2022. "Exploring the Impact of Air Transport on Economic Growth: New Evidence from Australia." Sustainability. 14 (18), pp. 1-17. https://doi.org/10.3390/su141811351
Economic policy uncertainty and acquisition performance: Australian evidence
Shams, Syed, Gunaskerage, Abey and Velayutham, Eswaran. 2022. "Economic policy uncertainty and acquisition performance: Australian evidence." International Review of Economics and Finance. 78, pp. 286-308. https://doi.org/10.1016/j.iref.2021.12.004
Renewable energy, energy intensity and carbon reduction: Experience of large emerging economies
Rahman, Mohammad Mafizur, Sultana, Nahid and Velayutham, Eswaran. 2022. "Renewable energy, energy intensity and carbon reduction: Experience of large emerging economies." Renewable Energy. 184, pp. 252-265. https://doi.org/10.1016/j.renene.2021.11.068
Corporate social responsibility, business group affiliation and shareholder wealth: evidence from an emerging market
Velayutham, Eswaran and Ratnam, Vijayakumaran. 2022. "Corporate social responsibility, business group affiliation and shareholder wealth: evidence from an emerging market." Social Responsibility Journal. 18 (4), pp. 723-743. https://doi.org/10.1108/SRJ-08-2020-0337
Socioeconomic inequalities in teenage pregnancy in Nigeria: evidence from Demographic Health Survey
Okoli, Chijioke Ifeanyi, Hajizadeh, Mohammad, Rahman, Mohammad Mafizur, Velayutham, Eswaran and Khanam, Rasheda. 2022. "Socioeconomic inequalities in teenage pregnancy in Nigeria: evidence from Demographic Health Survey." BMC Public Health. 22, pp. 1-11. https://doi.org/10.1186/s12889-022-14146-0
Corruption risk and stock market effects: evidence from the defence industry
Krishnamurti, Chandrasekhar, Pensiero, Domenico and Velayutham, Eswaran. 2021. "Corruption risk and stock market effects: evidence from the defence industry." Pacific-Basin Finance Journal. 70, pp. 1-19. https://doi.org/10.1016/j.pacfin.2021.101681
Are tourism and energy consumption linked? Evidence from Australia
Khanal, Avishek, Rahman, Mohammad Mafizur, Khanam, Rasheda and Velayutham, Eswaran. 2021. "Are tourism and energy consumption linked? Evidence from Australia." Sustainability. 13 (19), pp. 1-21. https://doi.org/10.3390/su131910800
Is industrial pollution detrimental to public health? Evidence from the world’s most industrialised countries
Rahman, Mohammad Mafizur, Alam, Khosrul and Velayutham, Eswaran. 2021. "Is industrial pollution detrimental to public health? Evidence from the world’s most industrialised countries." BMC Public Health. 21, pp. 1-11. https://doi.org/10.1186/s12889-021-11217-6
Evidence on the trade-off between corporate social responsibility and mergers and acquisitions investment
Krishnamurti, Chandrasekhar, Shams, Syed and Chowdhury, Hasibul. 2021. "Evidence on the trade-off between corporate social responsibility and mergers and acquisitions investment." Australian Journal of Management. 46 (3), pp. 466-498. https://doi.org/10.1177/0312896220950394
Sustainability disclosure and earnings management
Velayutham, Eswaran. 2018. "Sustainability disclosure and earnings management." Boubaker, Sabri, Cumming, Douglas and Nguyen, Duc Khuong (ed.) Research Handbook of Finance and Sustainability. Cheltenham, United Kingdom. Edward Elgar Publishing. pp. 532-549
A case study on Incitec Pivot's acquisition strategy of dyno nobel
Balachandran, Balasingham, Fazzino, James and Shams, Syed. 2020. "A case study on Incitec Pivot's acquisition strategy of dyno nobel." Pacific-Basin Finance Journal. 63, pp. 1-10. https://doi.org/10.1016/j.pacfin.2020.101386
Corporate social responsibility, overconfident CEOs and empire building: Agency and stakeholder theoretic perspectives
Gul, Ferdinand A., Krishnamurti, Chandrasekhar, Shams, Syed and Chowdhury, Hasibul. 2020. "Corporate social responsibility, overconfident CEOs and empire building: Agency and stakeholder theoretic perspectives." Journal of Business Research. 111, pp. 52-68. https://doi.org/10.1016/j.jbusres.2020.01.035
Renewable and non-renewable energy consumption-economic growth nexus: new evidence from South Asia
Rahman, Mohammad Mafizur and Velayutham, Eswaran. 2020. "Renewable and non-renewable energy consumption-economic growth nexus: new evidence from South Asia." Renewable Energy. 147 (Part 1), pp. 399-408. https://doi.org/10.1016/j.renene.2019.09.007
Drivers of corruption risk and stock market effects: evidence from the defence industry
Pensiero, Domenico, Velayutham, Eswaran and Krishnamurti, Chandrasekhar. 2017. "Drivers of corruption risk and stock market effects: evidence from the defence industry." 8th Conference on Financial Markets and Corporate Governance (FMCG)2017. Wellington, New Zealand 19 - 21 Apr 2017 United States. https://doi.org/10.2139/ssrn.2903053
Socially responsible firms and mergers and acquisitions performance: Australian evidence
Krishnamurti, Chandrasekhar, Shams, Syed, Pensiero, Domenico and Velayutham, Eswaran. 2019. "Socially responsible firms and mergers and acquisitions performance: Australian evidence." Pacific-Basin Finance Journal. 57, pp. 1-16. https://doi.org/10.1016/j.pacfin.2019.101193
The issuance of warrants in rights offerings: agency costs and signaling effects
Balachandran, Balasingham, Kanapathippillai, Sutharson, Krishnamurti, Chandrasekhar, Theobald, Michael and Velayutham, Eswaran. 2017. "The issuance of warrants in rights offerings: agency costs and signaling effects." Australian Journal of Management. 42 (4), pp. 608-636. https://doi.org/10.1177/0312896216682062
The influence of board committee structures on voluntary disclosure of greenhouse gas emissions: Australian evidence
Krishnamurti, Chandrasekhar and Velayutham, Eswaran. 2018. "The influence of board committee structures on voluntary disclosure of greenhouse gas emissions: Australian evidence." Pacific-Basin Finance Journal. 50 (S1), pp. 65-81. https://doi.org/10.1016/j.pacfin.2017.09.003
Drought climate adaptation program: producing enhanced agricultural crop insurance systems: summary report
Mushtaq, Shabaz, Marcussen, Torben, Kath, Jarrod, Reardon-Smith, Kathryn, Kouadio, Louis, Krishnamurti, Chandrasekhar, Stone, Roger, Roberts, Julian, Mehmet, Russell, Pilling, Debbie and Henry, Ross. 2018. Drought climate adaptation program: producing enhanced agricultural crop insurance systems: summary report. University of Southern Queensland.
Drought climate adaptation program: producing enhanced agricultural crop insurance systems: final report
Mushtaq, Shahbaz, Marcussen, Torben, Kath, Jarrod, Reardon-Smith, Kathryn, Kouadio, Louis, Krishnamurti, Chandrasekhar, Stone, Roger, Roberts, Julian, Mehmet, Russell, Pilling, Debbie and Henry, Ross. 2017. Drought climate adaptation program: producing enhanced agricultural crop insurance systems: final report. University of Southern Queensland.
Corporate social responsibility and corruption risk: a global perspective
Krishnamurti, Chandrasekhar, Shams, Syed and Velayutham, Eswaran. 2018. "Corporate social responsibility and corruption risk: a global perspective." Journal of Contemporary Accounting and Economics. 14 (1), pp. 1-21. https://doi.org/10.1016/j.jcae.2018.02.002
Determinants of defence industry corruption risk: firm level empirical evidence using transparency international‘s anti-corruption index
Krishnamurti, Chandrasekhar, Pensiero, Domenico and Velayutham, Eswaran. 2019. "Determinants of defence industry corruption risk: firm level empirical evidence using transparency international‘s anti-corruption index." Singapore Economic Review. 64 (3), pp. 675-708. https://doi.org/10.1142/S0217590816500053
Can unexpected liquidity changes explain the lockup expiration effect in stock returns?
Krishnamurti, Chandrasekhar and Thong, Tiong Yang. 2008. "Can unexpected liquidity changes explain the lockup expiration effect in stock returns?" 2nd Annual Microstructure Meeting. Sydney, Australia 14 Mar 2008
Viability of weather index insurance in managing drought risk in Australia
Adeyinka, A. A., Krishnamurti, C., Maraseni, T. and Chantarat, S.. 2013. "Viability of weather index insurance in managing drought risk in Australia." Actuaries Summit 2013. Sydney, Australia 20 - 21 May 2013
Natural disasters: blessings in disguise?
Koerniadi, Hardjo, Krishnamurti, Chandrasekhar and Tourani-Rad, Alireza. 2011. "Natural disasters: blessings in disguise?" Chervonsky, Liza (ed.) 24th Australasian Finance and Banking Conference: Never Stand Still (AFBC 2011) . Sydney, Australia 14 - 16 Dec 2011 Sydney, Australia. https://doi.org/10.2139/ssrn.1913664
Financial development, corporate governance and cost of equity capital
Gupta, Kartick, Krishnamurti, Chandrasekhar and Tourani-Rad, Alireza. 2011. "Financial development, corporate governance and cost of equity capital." Marshall, Ben, Triantis, Alex and Young, Martin (ed.) 3rd Annual Asian Conference of the Financial Management Association International (FMA 2011) . Queenstown, New Zealand 06 - 08 Apr 2011 Melbourne, Australia.
Financial development, corporate governance and cost of equity capital
Gupta, Kartick, Krishnamurti, Chandrasekhar and Tourani-Rad, Alireza. 2010. "Financial development, corporate governance and cost of equity capital." Balachandran, Balasingham (ed.) Inaugural Finance and Corporate Governance Conference (FCGC 2010). Melbourne, Australia 07 - 09 Apr 2010 Melbourne, Australia.
No news is not good news: evidence from the intraday return volatility-volume relationship in Shanghai Stock Exchange
Krishnamurti, Chandrasekhar, Tian, Gary, Guo, Mingyuan and Ellis, Craig. 2008. "No news is not good news: evidence from the intraday return volatility-volume relationship in Shanghai Stock Exchange." Time Varying Correlation and Volatility Symposium (2008). Sydney, Australia 28 Nov 2008 Sydney, Australia.
The role of internal and external certification mechanisms in seasoned equity offerings
Koerniadi, Hardjo, Krishnamurti, Chandrasekhar, Lau, Sie Ting, Tourani-Rad, Alireza and Yang, Ting. 2015. "The role of internal and external certification mechanisms in seasoned equity offerings ." Journal of Multinational Financial Management. 30, pp. 110-127. https://doi.org/10.1016/j.mulfin.2015.04.001
Does CIA occur during financial turbulence?
Hoque, Ariful, Hassan, Kamrul and Krishnamurti, Chandrasekhar. 2015. "Does CIA occur during financial turbulence?" Academy of Taiwan Business Management Review. 11 (1), pp. 18-20.
Cross-border mergers and acquisitions and default risk
Koerniadi, Hardjo, Krishnamurti, Chandrasekhar and Tourani-Rad, Alireza. 2015. "Cross-border mergers and acquisitions and default risk ." International Review of Financial Analysis. 42, pp. 336-348. https://doi.org/10.1016/j.irfa.2015.08.009
Corporate governance and the variability of stock returns
Koerniadi, Hardjo, Krishnamurti, Chandrasekhar and Tourani-Rad, Alireza. 2014. "Corporate governance and the variability of stock returns." International Journal of Managerial Finance. 10 (4), pp. 494-510. https://doi.org/10.1108/IJMF-08-2012-0090
Corporate governance and risk-taking in New Zealand
Koerniadi, Hardjo, Krishnamurti, Chandrasekhar and Tourani-Rad, Alireza. 2014. "Corporate governance and risk-taking in New Zealand." Australian Journal of Management. 39 (2), pp. 227-245. https://doi.org/10.1177/0312896213478332
Theoretical framework of foreign exchange exposure, competition and the market value of domestic corporations
Alssayah, Abubaker and Krishnamurti, Chandrasekhar. 2013. "Theoretical framework of foreign exchange exposure, competition and the market value of domestic corporations." International Journal of Economics and Finance. 5 (2), pp. 1-14. https://doi.org/10.5539/ijef.v5n2p1
Investor sentiment, profitability and offer price band: evidence from the Indian IPO market
Pensiero, Dom and Krishnamurti, Chandrasekhar. 2014. "Investor sentiment, profitability and offer price band: evidence from the Indian IPO market." Global Economy and Finance Journal. 7 (2), pp. 59-70.
Why do Australian firms issue standalone warrants?
Balachandran, Balasingham, Kanapathipillai, Sutharson, Krishnamurti, Chandrasekhar, Theobald, Michael and Velayutham, Eswaran. 2009. "Why do Australian firms issue standalone warrants?" Balachandran, Balasingham (ed.) Inaugural Finance and Corporate Governance Conference (FCGC 2010). Melbourne, Australia 07 - 09 Apr 2010 Melbourne, Australia.
Impact on the rankings of mutual funds due to choice of performance measure: An Asian perspective
Nagar, Vinu, Gupta, Rakesh and Krishnamurti, Chandrasekhar. 2013. "Impact on the rankings of mutual funds due to choice of performance measure: An Asian perspective." The European Journal of Economics, Finance and Administrative Sciences.
Is corporate governance relevant during the financial crisis?
Gupta, Kartick, Krishnamurti, Chandrasekhar and Tourani-Rad, Alireza. 2013. "Is corporate governance relevant during the financial crisis?" Journal of International Financial Markets, Institutions and Money. 23 (1), pp. 85-110. https://doi.org/10.1016/j.intfin.2012.10.002
No news is not good news: evidence from the intraday return volatility-volume relationship in Shanghai Stock Exchange
Krishnamurti, Chandrasekhar, Tian, Gary Gang, Xu, Min and Li, Guangchuan. 2013. "No news is not good news: evidence from the intraday return volatility-volume relationship in Shanghai Stock Exchange." Journal of the Asia Pacific Economy. 18 (1), pp. 149-167. https://doi.org/10.1080/13547860.2012.742709
A proposed solution for the chicken-egg dilemma in pricing currency options
Hoque, Ariful and Krishnamurti, Chandrasekhar. 2013. "A proposed solution for the chicken-egg dilemma in pricing currency options." Australasian Accounting Business and Finance Journal. 7 (2), pp. 71-86. https://doi.org/10.14453/aabfj.v7i2.6
Determinants of the strength of accounting and reporting standards: A cross-country study
Boolaky, Pran Kishansing, Krishnamurti, Chandrasekhar and Hoque, Ariful. 2013. "Determinants of the strength of accounting and reporting standards: A cross-country study." Australasian Accounting Business and Finance Journal. 7 (4), pp. 17-36. https://doi.org/10.14453/aabfj.v7i4.3
Voluntary disclosure of greenhouse gas emissions, corporate governance and earnings management: Australian evidence
Velayutham, Eswaran. 2014. Voluntary disclosure of greenhouse gas emissions, corporate governance and earnings management: Australian evidence. PhD Thesis Doctor of Philosophy. University of Southern Queensland.
Rainfall index insurance as an approach to manage climate change induced drought
Adeyinka, A., Krishnamurti, C., Maraseni, T. N. and Chantarat, S.. 2012. "Rainfall index insurance as an approach to manage climate change induced drought." Climate Adaptation in Action 2012: Sharing Knowledge to Adapt (NCCARF 2012). Melbourne, Australia 26 - 28 Jun 2012 Brisbane, Australia.
Modeling moneyness volatility in measuring exchange rate volatility
Hoque, Ariful and Krishnamurti, Chandrasekhar. 2012. "Modeling moneyness volatility in measuring exchange rate volatility ." International Journal of Managerial Finance. 8 (4), pp. 365-380. https://doi.org/10.1108/17439131211261279
Dividend reductions, the timing of dividend payments and information content
Balachandran, Balasingham, Krishnamurti, Chandrasekhar, Theobald, Michael and Vidanapathirana, Berty. 2012. "Dividend reductions, the timing of dividend payments and information content ." Journal of Corporate Finance. 18 (5), pp. 1232-1247. https://doi.org/10.1016/j.jcorpfin.2012.08.002
Board structure and survival of new economy IPO firms
Chancharat, Nongnit, Krishnamurti, Chandrasekhar and Tian, Gary. 2012. "Board structure and survival of new economy IPO firms." Corporate Governance (Oxford): an international review. 20 (2), pp. 144-163. https://doi.org/10.1111/j.1467-8683.2011.00906.x
Hedge funds
Vishwanath, S. R. and Krishnamurti, Chandrasekhar. 2009. "Hedge funds ." Vishwanath, S. R. and Krishnamurti, Chandrasekhar (ed.) Investment Management: A Modern Guide to Security Analysis and Stock Selection. Berlin / Heidelberg, Germany. Springer. pp. 589-609
An overview of mutual funds and exchange traded funds
Vishwanath, S. R. and Krishnamurti, Chandrasekhar. 2009. "An overview of mutual funds and exchange traded funds ." Vishwanath, S. R. and Krishnamurti, Chandrasekhar (ed.) Investment Management: A Modern Guide to Security Analysis and Stock Selection. Germany. Springer. pp. 517-538
Managing Fixed Income Portfolios
Krishnamurti, Chandrasekhar. 2009. "Managing Fixed Income Portfolios ." Vishwanath, S. R. and Krishnamurti, Chandrasekhar (ed.) Investment Management: A Modern Guide to Security Analysis and Stock Selection. Berlin / Heidelberg, Germany. Springer. pp. 439-451
Investing in Convertibles, Preferred Stocks and Warrants
Krishnamurti, Chandrasekhar and Vishwanath, S. R.. 2009. "Investing in Convertibles, Preferred Stocks and Warrants ." Vishwanath, S. R. and Krishnamurti, Chandrasekhar (ed.) Investment Management: A Modern Guide to Security Analysis and Stock Selection. Germany. Springer. pp. 405-438
The EVA Approach to Investing
Krishnamurti, Chandrasekhar. 2009. "The EVA Approach to Investing ." Vishwanath, S. R. and Krishnamurti, Chandrasekhar (ed.) Investment management: a modern guide to security analysis and stock selection. Germany. Springer. pp. 227-239
Introduction to Market Microstructure
Krishnamurti, Chandrasekhar. 2009. "Introduction to Market Microstructure ." Vishwanath, S. R. and Krishnamurti, Chandrasekhar (ed.) Investment Management: A Modern Guide to Security Analysis and Stock Selection. Germany. Springer. pp. 13-29
Accounting and Financial Analysis
Krishnamurti, Chandrasekhar and Vishwanath, S. R.. 2009. "Accounting and Financial Analysis ." Vishwanath, S. R. and Krishnamurti, Chandrasekhar (ed.) Investment Management: A Modern Guide to Security Analysis and Stock Selection. Germany. Springer. pp. 109-137
Dividend reductions and signalling in an imputation environment
Balachandran, Balasingham, Krishnamurti, Chandrasekhar, Theobald, Michael and Vidanapathirana, Berty. 2010. "Dividend reductions and signalling in an imputation environment." Balachandran, Balasingham (ed.) Inaugural Finance and Corporate Governance Conference (FCGC 2010). Melbourne, Australia 07 - 09 Apr 2010 Melbourne, Australia.
Grey market for Indian IPOs: investor sentiment and after-market performance
Krishnamurti, Chandrasekhar, Thong, Tiong Yang and Vishwanath, S. R.. 2010. "Grey market for Indian IPOs: investor sentiment and after-market performance." European Financial Management Symposium 2010: Asian Finance. Beijing, China 22 - 24 Apr 2010
Corporate governance and the variability of stock returns: evidence from New Zealand companies
Koerniadi, Hardjo, Krishnamurti, Chandrasekhar and Tourani-Rad, Alireza. 2010. "Corporate governance and the variability of stock returns: evidence from New Zealand companies." Balachandran, Balasingham (ed.) Inaugural Finance and Corporate Governance Conference (FCGC 2010). Melbourne, Australia 07 - 09 Apr 2010 Melbourne, Australia.
Order aggressiveness of institutional and individual investors
Krishnamurti, Chandrasekhar, Duong, Huu Nhan and Kalev, Petko. 2007. "Order aggressiveness of institutional and individual investors." 20th Annual Australasian Finance and Banking Conference (AFBC 2007). Sydney, Australia 12 - 14 Dec 2007 Sydney, Australia.
Can liquidity shifts explain the lockup expiration effect in stock returns?
Krishnamurti, Chandrasekhar, Subrahmanyam, Avanidhar and Thong, Tiong Yang. 2009. "Can liquidity shifts explain the lockup expiration effect in stock returns?" Miltersen, Kristian R. (ed.) EFA 2009: European Finance Association (Bergen Meeting). Bergen, Norway 19 - 27 Aug 2009 Bergen, Norway.
Behavioral Finance and Investment Strategy
Krishnamurti, Chandrasekhar. 2009. "Behavioral Finance and Investment Strategy ." Vishwanath, S. R. and Krishnamurti, Chandrasekhar (ed.) Investment Management: A Modern Guide to Security Analysis and Stock Selection. Germany. Springer. pp. 627-634
A survey of Singaporean Chinese investors in Mainland China and their knowledge of the Chinese language
Mathew, Mary, Krishnamurti, Chandrasekhar and Sevic, Zeljko. 2005. "A survey of Singaporean Chinese investors in Mainland China and their knowledge of the Chinese language." Cross Cultural Management: an international journal. 12 (1), pp. 46-59. https://doi.org/10.1108/13527600510797953
The impact of increased voluntary disclosure on market information asymmetry, informed trading and uninformed trading
Cheng, Eugene C. M., Courtenay, Stephen M. and Krishnamurti, Chandrasekhar. 2006. "The impact of increased voluntary disclosure on market information asymmetry, informed trading and uninformed trading." Journal of Contemporary Accounting and Economics. 2 (1), pp. 33-72. https://doi.org/10.1016/S1815-5669(10)70016-3
Market microstructure study on seven US stock exchanges: panel vs. VAR methodology
Krishnamurti, Chandrasekhar, Sevic, Aleksandar and Sevic, Zeljko. 2005. "Market microstructure study on seven US stock exchanges: panel vs. VAR methodology." Managerial Finance. 31 (12), pp. 79-108. https://doi.org/10.1108/03074350510770035
Legal environment, firm-level corporate governance and expropriation of minority shareholders
Krishnamurti, Chandrasekhar, Sevic, Aleksandar and Sevic, Zeljko. 2005. "Legal environment, firm-level corporate governance and expropriation of minority shareholders." Economic Change and Restructuring: an international journal devoted to the study of comparative economics, planning and development. 38 (1), pp. 85-111. https://doi.org/10.1007/s10644-005-4524-4
Voluntary disclosure, transparency, and market quality: Evidence from emerging market ADRs
Krishnamurti, Chandrasekhar, Sevic, Aleksandar and Sevic, Zeljko. 2005. "Voluntary disclosure, transparency, and market quality: Evidence from emerging market ADRs." Journal of Multinational Financial Management. 15 (4/5), pp. 435-454.
The dynamics of security trades, quote revisions and market depths for actively traded stocks: an empirical examination
Rahman, Shafiqur, Krishnamurti, Chandrasekhar and Lee, Alice C.. 2005. "The dynamics of security trades, quote revisions and market depths for actively traded stocks: an empirical examination." Review of Quantitative Finance and Accounting. 25 (2), pp. 91-124. https://doi.org/10.1007/s11156-005-4244-x
The impact of dividend reduction on shareholders wealth: evidence from Australia
Balachand, Bala, Krishnamurti, Chandrasekhar and Vidanapathirana, Berty. 2007. "The impact of dividend reduction on shareholders wealth: evidence from Australia." Moshirian, Fariborz (ed.) 20th Annual Australasian Finance and Banking Conference (AFBC 2007). Sydney, Australia 12 - 14 Dec 2007 Sydney, Australia.
Efficiency of European emissions markets: lessons and implications
Krishnamurti, Chandrasekhar and Hoque, Ariful. 2011. "Efficiency of European emissions markets: lessons and implications." Energy Policy. 39 (10), pp. 6575-6582. https://doi.org/10.1016/j.enpol.2011.07.062
Modeling moneyness volatility in measuring exchange rate volatility
Hoque, Ariful and Krishnamurti, Chandrasekhar. 2011. "Modeling moneyness volatility in measuring exchange rate volatility." CIFEr 2011: IEEE Symposium on Computational Intelligence for Financial Engineering and Economics . Paris, France 11 - 15 Apr 2011 Piscataway, NJ. United States. https://doi.org/10.1109/CIFER.2011.5953555
Public-private partnership arrangements: problems and prospects
Krishnamurti, Chandrasekhar and Tourani-Rad, Alireza. 2010. "Public-private partnership arrangements: problems and prospects." Tourani-Rad, Alireza and Ingley, Coral (ed.) Handbook on emerging issues in corporate governance. Singapore. World Scientific Publishing. pp. 197-215
The two sides of the governance coin: competition and regulation
Krishnamurti, Chandrasekhar. 2010. "The two sides of the governance coin: competition and regulation." Balasubramanian, N. and Satwalekar, D. M. (ed.) Corporate governance: an emerging scenario. India. National Stock Exchange of India Limited. pp. 35-59
Determinants of choice of depositary receipt programs: an exploratory study
Sevic, Aleksandar, Krishnamurti, Chandrasekhar and Sevic, Zeljko. 2010. "Determinants of choice of depositary receipt programs: an exploratory study." Managerial Finance. 36 (12), pp. 990-1006. https://doi.org/10.1108/03074351011088414
Dividend taxation, ownership structure and payout policy: evidence from India
Krishnamurti, Chandrasekhar and Narasimhan, M. S.. 2007. "Dividend taxation, ownership structure and payout policy: evidence from India." Corporate Ownership and Control. 4 (3), pp. 287-302.
Does certification work in emerging markets? evidence from the Indian IPO market
Krishnamurti, Chandrasekhar, Thong, Tiong Yang and Vishwanath, S. R.. 2009. "Does certification work in emerging markets? evidence from the Indian IPO market." 2009 JCF Conference on Emerging Market Corporate Finance. Beijing, China 24 - 25 Aug 2009
Bankruptcy and reorganization
Vishwanath, S. R. and Krishnamurti, Chandrasekhar. 2008. "Bankruptcy and reorganization." Krishnamurti, Chandrasekhar and Vishwanath, S. R. (ed.) Mergers, acquisitions and corporate restructuring. New Delhi, India. SAGE Publications Ltd. pp. 333-357
Spin-offs, equity carve-outs and targeted stocks
Vishwanath, S. R. and Krishnamurti, Chandrasekhar. 2008. "Spin-offs, equity carve-outs and targeted stocks." Krishnamurti, Chandrasekhar and Vishwanath, S. R. (ed.) Mergers, acquisitions and corporate restructuring. New Delhi, India. SAGE Publications Ltd. pp. 275-332
Cross-border acquisitions
Krishnamurti, Chandrasekhar and Vishwanath, S. R.. 2008. "Cross-border acquisitions." Krishnamurti, Chandrasekhar and Vishwanath, S. R. (ed.) Mergers, acquisitions and corporate restructuring. New Delhi, India. SAGE Publications Ltd. pp. 183-211
Design of consideration in acquisitions: cash and stock offers
Vishwanath, S. R. and Krishnamurti, Chandrasekhar. 2008. "Design of consideration in acquisitions: cash and stock offers." Krishnamurti, Chandrasekhar and Vishwanath, S. R. (ed.) Mergers, acquisitions and corporate restructuring. New Delhi, India. SAGE Publications Ltd. pp. 146-159
Real options analysis in mergers and acquisitions
Krishnamurti, Chandrasekhar and Vishwanath, S. R.. 2008. "Real options analysis in mergers and acquisitions." Krishnamurti, Chandrasekhar and Vishwanath, S. R. (ed.) Mergers, acquisitions and corporate restructuring. New Delhi, India. SAGE Publications Ltd. pp. 115-145
Value drivers and target valuation
Vishwanath, S. R. and Krishnamurti, Chandrasekhar. 2008. "Value drivers and target valuation." Krishnamurti, Chandrasekhar and Vishwanath, S. R. (ed.) Mergers, acquisitions and corporate restructuring. New Delhi, India. SAGE Publications Ltd. pp. 56-90
Overview of corporate restructuring
Krishnamurti, Chandrasekhar. 2009. "Overview of corporate restructuring." Krishnamurti, Chandrasekhar and Vishwanath, S. R. (ed.) Advanced corporate finance. New Delhi, india. Prentice Hall.
Financing a firm's growth
Krishnamurti, Chandrasekhar. 2009. "Financing a firm's growth." Krishnamurti, Chandrasekhar and Vishwanath, S. R. (ed.) Advanced corporate finance. New Delhi, India. Prentice Hall.
Dividend reductions and signaling in an imputation environment
Balachandran, Balasingham, Krishnamurti, Chandrasekhar, Theobald, Michael and Vidanapathirana, Berty. 2009. "Dividend reductions and signaling in an imputation environment ." Benson, Karen (ed.) AsianFA 2009: Asian Finance Association International Conference. Brisbane, Australia 30 Jun - 03 Jul 2009 Brisbane, Australia.
Foreign institutional investors and security returns: evidence from Indian stock exchanges
Ananthanarayanan, Sandhya, Krishnamurti, Chandrasekhar and Sen, Nilanjan. 2009. "Foreign institutional investors and security returns: evidence from Indian stock exchanges ." 7th INFINITI Conference on International Finance 2009 - Credit Markets, Credit Institutions and Macroeconomic Volatility. Dublin, Ireland 08 - 09 Jun 2009 Dublin, Ireland.
When the going gets tough: board capital and survival of new economy IPO firms
Chancharat, Nongnit, Krishnamurti, Chandrasekhar and Tian, Gary. 2009. "When the going gets tough: board capital and survival of new economy IPO firms." Benson, Karen and Ding, David K. (ed.) Asian FA 2009: New Knowledge...for Finance. Brisbane, Australia 30 Jun - 03 Jul 2009 Brisbane, Australia.
When is two really company?: the effects of competition and regulation on corporate governance
Udayasankar, Krishna, Das, Shobha S. and Krishnamurti, Chandrasekhar. 2008. "When is two really company?: the effects of competition and regulation on corporate governance." 12th New Zealand Finance Colloquium. Palmerston North, New Zealand 14 - 15 Feb 2008 Palmerston North, New Zealand.
Lockup expiration, insider selling and bid-ask spreads
Krishnamurti, Chandrasekhar and Thong, Tiong Yang. 2008. "Lockup expiration, insider selling and bid-ask spreads." International Review of Economics and Finance. 17 (2), pp. 230-244. https://doi.org/10.1016/j.iref.2007.06.005
Order aggressiveness of institutional and individual investors
Duong, Huu Nhan, Kalev, Petko and Krishnamurti, Chandrasekhar. 2009. "Order aggressiveness of institutional and individual investors." Pacific-Basin Finance Journal. 17 (5), pp. 533-546. https://doi.org/10.1016/j.pacfin.2009.05.001
Corporate governance and cost of equity: do financial development and legal origin matter?
Tourani-Rad, Alireza, Gupta, Kartick and Krishnamurti, Chandrasekar. 2010. "Corporate governance and cost of equity: do financial development and legal origin matter?" IGIDR 2010: 1st Emerging Markets Finance Conference. Bombay, India 15 - 16 Dec 2010 Mumbai, India.