Browsing by Author "Filatotchev, Igor"

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    Dispersed ownership and asset pricing: An unpriced premium associated with free float
    (Elsevier, 2022-05-09) Hearn, Bruce; Filatotchev, Igor; Goergen, Marc; https://ror.org/02jjdwm75
    We explore differences in the levels of dispersed ownership that lead to a returns-based free float hedging factor in addition to size, which augments the capital asset pricing model (CAPM) in explaining the cross-section of stock returns. Using the S&P 1500 stocks in the US between 1985 and 2023, the results support the advantages of free float within a three-factor CAPM including size over alternative models based on liquidity, book-to-market value, and momentum. We argue that this yields a useful means for hedging effectively against the risks associated with the fundamental underlying likelihood of expropriation in a specific firm based on its ownership structure.
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    Publication
    Integrating contemporary accounting and international business research: progress so far and opportunities for the future
    (Routledge, 2024) Filatotchev, Igor ; Fisch, Jan Hendrik; Livne, Gilad; Carmona, Salvador; https://ror.org/02jjdwm75
    To date,the accounting and international business (IB) research fields have been developing rather independently,although some cross-discipline fertilisation is emerging. This paper aims to illustrate the conceptual and empirical bridges between the two disciplines. Specifically,we highlight how contributions originating in either field have influenced theory and research in such diverse areas as corporate governance,risk management,taxation and strategic decision making in multinational enterprises (MNEs). Further,we identify examples where attention by accounting researchers to the IB literature has resulted in innovative research,including studies focusing on control systems and financial reporting in MNEs. Based on our discussion of the state of mutual contributions between the disciplines,we highlight various areas where future research could benefit from further integration of the accounting and IB literatures. © 2023 The Author(s). Published by Informa UK Limited,trading as Taylor & Francis Group.