SelectedWorks - Atreya Chakraborty

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Selected Works of Atreya Chakraborty

Professor of Finance, Director of Partnerships and PhD Program, College of Management

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About Atreya Chakraborty

Present	Associate Professor of Finance, College of Management, University of Massachusetts Boston
Institution Organization Position Type Position Title Time Period to Options Current Position Affiliate my profile with this Institution

Corporate Finance and Finance and Financial Management

Telephone: 617-287-7673
Office Location: M-5-421

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Article

Antitakeover amendments and managerial entrenchment: New evidence from investment policy ...

Quarterly Journal of Finance and Accounting (2010)

Atreya Chakraborty and Shahbaz A Sheikh

We explore the relation between antitakeover amendments and firm investment in long-term assets. Empirical results indicate that an increase in ...

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Article

The relationship between incentive compensation and forced CEO turnover

Journal of Economics and Business (2009)

Atreya Chakraborty, Shahbaz A Sheikh and Narayanan Subramanian

We study the relationship between incentive compensation and performance related CEO turnover. Our theoretical model predicts that the slope of ...

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Contribution to Book

Corporate governance mechanisms and performance related CEO turnover

International Finance Review (2008)

Atreya Chakraborty and Shahbaz A Sheikh

This study investigates the impact of corporate governance mechanisms on performance related turnover. Our results indicate that smaller boards and ...

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Article

Termination risk and managerial risk taking

Journal of Corporate Finance (2007)

Atreya Chakraborty, Shahbaz A Sheikh and Narayanana Subramanian

We test the hypothesis that managers who face a high termination risk make less risky investments than the managers who ...

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Article

Repricing and executive turnover

The Financial Review (2007)

Narayanan Subramanian, Atreya Chakraborty and Shahbaz A Sheikh

We examine whether the threat of executive turnover faced by a firm affects its decision to reprice stock options held ...

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Article

Uncertainty in Executive Compensation and Capital Investment: A Panel Study

Financial Management (1999)

Atreya Chakraborty

We investigate whether uncertainty in CEO compensation influences the firm's investment decisions. We use panel data on compensation to estimate ...

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Article

Takeover defenses, golden parachutes, and bargaining over stochastic synergy gains ...

The European Journal of Finance (2008)

Atreya Chakraborty

We incorporate managerial risk aversion and stochasticity of takeover synergy gains into Harris’ (Harris, E.G. 1990. Antitakeover measures, golden parachutes, ...

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Article

Golden parachutes and shark repellents and shareholders' interests: Some new ...

Global Finance Journal (2008)

Atreya Chakraborty

In this paper we test for the motives for adopting golden parachutes and Anti-Takeover Amendments (ATAs). Firms that exhibited financial ...

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Article

Governance and Corporate Control: Compliments or Substitutes

College of Management Working Papers and Reports (2004)

Atreya Chakraborty

In this paper we test for the motives for adopting golden parachutes and Anti Takeover Amendments (ATAs). Firms that exhibited ...

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Article

Risk Sharing and the Market for Corporate Control: A Case ...

The International Journal of Finance (2004)

Atreya Chakraborty

The predictability of security returns has received considerable attention in the literature, and yet the predictability of bond returns beyond ...

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Article

Takeover Defenses and Dilution: A Welfare Analysis

Journal of Financial and Quantitative Analysis (2001)

Atreya Chakraborty

Existing theory suggests that, in an unregulated market for corporate control, the level of takeovers is suboptimal because shareholders do ...

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Article

Waves and persistence in merger and acquisition activity

Economics Letters (2001)

Atreya Chakraborty

Markov regime-switching and sine-wave models have been used to capture the apparent wave-like behavior in aggregate U.S. merger and acquisition ...

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Article

Poison Pills, Optimal Contracting, and the Market for Corporate Control ...

The International Journal of Finance (1999)

Atreya Chakraborty

The rationale for issuing poison pill securities remains unclear, despite the findings of a large body of prior research that ...

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Contribution to Book

Agency Costs, Charter Amendments and the Market for Corporate Control

New Directions in Finance (1994)

Atreya Chakraborty

The merger wave of the 1 980s, coupled with the sophistication of investment Banks' financial engineers, brought about a bewildering ...

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Contribution to Book

Intensity of Takeover Defenses: The Empirical Evidence

Computational Techniques for Econometrics and Economic Analysis (1994)

Atreya Chakraborty

This paper focuses on the construction of an index of the intensity of firms' antitakeover defenses. While many aspects of ...

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Article

The effects of uncertainty and corporate governance on firms’ demand ...

Applied Economics (2012)

Atreya Chakraborty

We find that US corporations’ demand for liquidity is sensitive to two important factors: uncertainty facing the firm and the ...

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Article

The Impact of Macroeconomic Uncertainty on Firms Changes in Financial ...

International Journal of Finance and Economics (2010)

Atreya Chakraborty

We investigate the relationship between a firm’s measures of corporate gov- ernance, macroeconomic uncertainty and changes in leverage. Recent research ...

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Article

Credit Gap in Small Businesses: Some New Evidence

INTERNATIONAL JOURNAL OF BUSINESS (2012)

Atreya Chakraborty

What is the magnitude of credit constraint affecting small businesses? This paper provides estimate of the credit gap – defined ...

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Article

The Importance of Being Known: Relationship Banking and Credit Limits

Quarterly Journal of Business /Finance and Accounting (2011)

Atreya Chakraborty

This paper measures the importance of bank-firm relationships in obtaining higher credit “limits.” We use data from a relatively unused ...

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Article

Lending relationships in line-of-credit and nonline-of-credit loans: Evidence from collateral ...

Journal of Financial Intermediation (2006)

Atreya Chakraborty

Lender–borrower relationships facilitate monitoring in small business loans. We investigate how the duration and scope of the bank–borrower relationship affect ...

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Article

Marketing Strategy and the Use of Information Technology: New Evidence ...

Research in Transportation Economics (2001)

Atreya Chakraborty

Since the mid-1980s, many authors have investigated the influence of information technology (IT) on productivity. Until recently there has been ...

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Contribution to Book

Persistent Dependence in Foreign Exchange Rates? A Reexamination

Global Financial Markets: Issues and Policies (2004)

Atreya Chakraborty

We test for stochastic long-memory behavior in the returns series of currency rates for eighteen industrial countries using a semiparametric ...

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Article

Forward premiums and market efficiency: Panel unit-root evidence from the ...

Journal of Macroeconomics (2003)

Atreya Chakraborty

A plausible explanation for cointegration among spot currency rates determined in efficient markets is the existence of a stationary, time-varying ...

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Article

Nearest-Neighbor Forecasts of U.S. Interest Rates

International Journal of Banking and Finance (2003)

Atreya Chakraborty

We employ a nonlinear, nonparametric method to model the stochastic behavior of changes in several short and long term U.S. ...

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About Atreya Chakraborty

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Corporate Governance, CEO Compensation and Firm Performance (6)

Corporate Governance and Mergers and Acquisitions (9)

Corporate Governance and Risk Management (2)

Small Business Finance (4)

Sloan Foundation/NBER Funded Research (1)

International Finance (5)