We study the long-term performance of 267 Canadian mergers and acquisitions that take
place between 1980 and 2000, using different calendar-time approaches with and without …

The purpose of this article is to examine empirically the impact of environmental certification
on firm financial performance (FP). The main question is whether there is a “green premium” …

This paper attempts to fulfil the great need for the Canadian evidence on long-run performance
of initial public offerings (IPOs). We examine the performance for up to 5 years after …

This paper examines whether merger and acquisition (M&A) exits have the same effect on
venture capital (VC) reputation than initial public offering (IPO) exits? Using a large sample of …

We hand collected data from the IPO prospectus on the primary use of proceeds of IPO firms
and examine whether it contains useful information about the firm's future performance and …

Determining the appropriate discount for lack of marketability (DLM) is one of the most
challenging questions in valuing private firms, and one that has only recently begun to be deeply …

This paper provides out‐of‐sample evidence on the payout policy in Canada during the
1985–2003 period. First, we show that the proportion of nonfinancial firms paying dividends has …

… MAHER KOOLI AND SIHAM MEKNASSI MAHER KOOLI IS a professor of finance at [he School
of Business and Managenieiic ac the University' of Quebec in Moncrea!, Quebec, Canada …

This study measures the skill of hedge fund (HF) managers by calculating the value added
that they extract from capital markets. Applying bootstrapping to control for luck, we find that …

Purpose The purpose of the study is to examine the zero-leverage (ZL) phenomenon in
family and non-family firms. Design/methodology/approach The authors consider three …