internal capital markets; equity carve-outs; corporate governance; investment efficiency; diversified firms; refocusing; divestment; propensity score matching; endogeneity, Heckman Bias Correction

Vitkova, Valeriya, Tian, Siyang and Sudarsanam, Sudi (2023) Allocative efficiency of internal capital markets: evidence from equity carve-outs by diversified firms. International Review of Financial Analysis, 86:102500. pp. 1-19. ISSN 1057-5219 (Print), 1873-8079 (Online) (doi:https://doi.org/10.1016/j.irfa.2023.102500)

takeovers; corruption; institutional quality; corporate investment; real economy

Huang, Chenghao, Jin, Zhi, Tian, Siyang and Wu, Eliza (2023) The real effects of corruption on M&A flows: evidence from China’s anti-corruption campaign. Journal of Banking and Finance, 150:106815. pp. 1-16. ISSN 0378-4266 (doi:https://doi.org/10.1016/j.jbankfin.2023.106815)