Ranjan D'Mello
Wayne State University
35 Papers
202 Citations
Ranjan D'Mello is an academic researcher from Wayne State University. The author has contributed to research in topics: Equity (finance) & Debt ratio. The author has an hindex of 16, co-authored 32 publications. Previous affiliations of Ranjan D'Mello include Penn State Harrisburg & University of New Orleans.
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Papers
Equity Undervaluation and Decisions Related to Repurchase Tender Offers: An Empirical Investigation
Ranjan D'Mello,Pervin K. Shroff +1 more
TL;DR: In this article, the authors test whether firms that repurchase shares via fixed-price tender offers are in fact undervalued relative to their "economic value" (EV) using an earnings-based valuation model.
284
Determinants of corporate cash holdings: Evidence from spin-offs.
TL;DR: In this paper, the authors study the factors that influence the cash allocation decision around a spin-off, using variables suggested by the trade-off theory, and controlling for the possible endogeneity of leverage and cash ratios.
181
Long-term debt and overinvestment agency problem
Ranjan D'Mello,Mercedes Miranda +1 more
TL;DR: This paper investigated the role of long-term debt in influencing overinvestments by analyzing the pattern of abnormal investments around a new debt offering by unlevered firms and found that the introduction of debt leads to a dramatic decline in cash ratios and the relation is stronger for firms classified as having poor investment opportunities.
138
Are There Monitoring Benefits to Institutional Ownership? Evidence from Seasoned Equity Offerings
TL;DR: This article analyzed the impact of institutional ownership on stock price and operating performance following seasoned equity offerings, and found that announcement returns are positively and significantly related to total and active institutional ownership levels and concentration.
124
Are there monitoring benefits to institutional ownership? Evidence from seasoned equity offerings
Ilhan Demiralp,Ranjan D'Mello,Frederik P. Schlingemann,Frederik P. Schlingemann,Venkat Subramaniam +4 more
TL;DR: This paper analyzed the impact of institutional ownership on stock price and operating performance following seasoned equity offerings, and found that announcement returns are positively and significantly related to total and active institutional ownership levels and concentration, and empirically eliminated the possibility that institutional investors have an informational advantage that enables them to identify and invest in subsequently better performing firms.
116