Vicentiu Covrig
California State University, Northridge
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Publication
Featured researches published by Vicentiu Covrig.
Journal of Accounting Research | 2007
Vicentiu Covrig; Mark L. DeFond; Mingyi Hung
We test the assertion that a consequence of voluntarily adopting International Accounting Standards (IAS) is the enhanced ability to attract foreign capital. Using a unique database that reports firm-level holdings of over 25,000 mutual funds from around the world, our multivariate tests find that average foreign mutual fund ownership is significantly higher among IAS adopters. We also find that IAS adopters in poorer information environments and with lower visibility have higher levels of foreign investment, consistent with firms using IAS adoption to provide more information and/or information in a more familiar form to foreign investors. Taken together, our findings are consistent with voluntary IAS adoption reducing home bias among foreign investors and thereby improving capital allocation efficiency.
Journal of Business Valuation and Economic Loss Analysis | 2015
Vicentiu Covrig; Daniel L. McConaughy
Abstract This study examines the impact of the market participant on prices paid for private companies in the Pratt’s Stats database. We examine approximately 4,200 transactions over the period of 2000–2011 for companies with sales of
Business Valuation Review | 2010
Daniel L. McConaughy; Vicentiu Covrig; Donald Bleich
1 million or more. We find that public buyers pay more after controlling for the target’s size, industry, age, estimated growth rate, and profitability, as well as the time of the transaction. We also find that smaller companies and C-corporations sell at higher multiples. Our results are consistent with the hypothesis that the price paid for a company is related to whether the market participant is private or public. Further, our results provide additional insights to users of the Pratt’s Stats database regarding the characteristics of the transactions in this well-known and often-used database.
Journal of Finance | 2005
Kalok Chan; Vicentiu Covrig; Lilian K. Ng
Abstract The relative illiquidity of private firms is a fundamental characteristic differentiating them from publicly traded firms. This article fills a void in the business valuation literature by...
Journal of International Business Studies | 2006
Vicentiu Covrig; Sie Ting Lau; Lilian K. Ng
Journal of Empirical Finance | 2002
Vicentiu Covrig; Michael Melvin
Journal of Banking and Finance | 2004
Vicentiu Covrig; Lilian K. Ng
Journal of Futures Markets | 2004
Vicentiu Covrig; David K. Ding; Buen Sin Low
Journal of International Economics | 2009
Kalok Chan; Vicentiu Covrig; Lilian K. Ng
Archive | 2004
Vicentiu Covrig; Lilian K. Ng; Kalok Chan