• Accruals and Cash Flows Anomalies: evidence from the New Zealand Stock Market

      Koerniadi, H; Tourani-Rad, A (AUT Faculty of Business, 2005)
      This paper investigates the presence of accruals and cash flows anomalies in the New Zealand stock market for the period of 1987 to 2003. There is insignificant evidence of accruals anomaly. We find, however, that the poor ...
    • Corporate governance, financing patterns, and the cost of capital

      Tourani Rad, A; Koerniadi, H (Center for Applied Social Sciences and Research (CASSR), 2013)
      In this paper, we examine the effects of corporate governance mechanisms on financing policies in a research setting where agency problems and external financing constraints are expected to be high and restrictive. Using ...
    • Cross border mergers and acquisitions and default risk

      Koerniadi, H; Krishnamurti, C; Tourani Rad, A (The Indonesian Financial Management Association (IFMA), 2013)
      Using a cross-country sample of mergers and acquisitions, we examine the role of cultural, institutional, geographic and managerial factors on post-merger default risk. We find that cultural factors, especially the relative ...
    • Cross-border mergers and acquisitions and default risk

      Koerniadi, H; Krishnamurti, C; Tourani-Rad, A (Elsevier, 2015)
      We examine the impact of cross-border mergers on acquirers' post-merger default risk using a sample of 375 US acquiring firms from 1997 to 2011. After controlling for cultural, institutional, geographic and managerial ...
    • Net Buying Pressure and Informed Trading in the Options Market: Evidence From Earnings Announcements

      Badshah, I; Koerniadi, H (MDPI AG, 2022)
      By employing the modified net buying pressure as a measure of informed option trading, this study tested whether option trading around quarterly earnings announcements is either directionally motivated and/or volatility ...
    • What Drives the Declining Wealth Effect of Subsequent Share Repurchase Announcements?

      Ding, D; Koerniadi, H; Krishnamurti, C (MDPI, 2017)
      Recent academic studies document that open market share repurchase announcements in the United States generate significantly lower returns than those reported in earlier studies. We find that the lower announcement return ...