We examine the role of bilateral political relations in sovereign wealth fund (SWF) investment
decisions. Our empirical results suggest that political relations play a role in SWF decision …

This paper examines the investments of 19 sovereign wealth funds (SWFs) in 424 firms (both
public and private) around the world from 1991 through 2010. The data indicate that SWFs, …

This paper examines the daily abnormal stock price returns of a sample of 154 publicly-traded
hospitality firms from 23 different countries representing over $400 billion in combined …

We examine the determinants of foreign real estate investment relative to the domestic case
using the portfolios of a large sample of publicly traded real estate investment companies; …

This paper examines the impact of the COVID-19 pandemic on the dividend payouts of publicly
traded firms in the US Out of nearly 1,400 dividend paying firms, 213 cut dividends and …

This paper investigates the relationship between sovereign wealth fund (SWF) investment
and the return-to-risk performance of target firms. Specifically, we find that target firm raw …

We examine three aspects of the relation between dividend initiation and increase announcements
and idiosyncratic volatility. First, consistent with dividend signaling, we find that firms …

We provide empirical evidence on the conjecture that in economic crises, firms could be
forced to sell at deep discounts, or fire sale prices. Using the conventional stock price near the …

This paper examines the relation between government-affiliated ownership, bilateral
political relations, and cross-border mergers. Using a sample of 219 cross-border mergers …

Retiring business owners are expected to sell or bequeath $10T worth of assets over the
next twenty years. Small businesses will drive this coming wave of succession. While …