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Internal and External Discipline Following Securities Class Actions

Humphery-Jenner, M. - Tilburg University, Center for Economic Research - 2011

Companies are sometimes accused of misleading the market. The SEC can punish this with enforcement actions. Alternatively, shareholders can seek redress through a shareholder class action (SCA). While some literature has examined SEC actions, it has not examined SCAs, and has not examined...

Persistent link: https://www.econbiz.de/10011092569

MAcMap-HS6 2007, an exhaustive and consistent measure of applied protection in 2007

Guimbard, Houssein; Jean, Sébastien; Mimouni, Mondher; … - Centre d'études prospectives et d'informations … - 2012

, proposes an exhaustive and consistent measure of applied, preferential tariff protection in 2007. The methodology, similar to … computing ad valorem equivalents of tariff protection, and when computing averages at aggregate levels. The world average … applied protection level in 2007 is estimated to be 4.4%. Compared to 2004, this is a decline by nearly 0.7 percentage point …

Persistent link: https://www.econbiz.de/10010604044

High Frequency Trading, Information, and Takeovers

Humphery-Jenner, M. - Tilburg University, Center for Economic Research - 2011

This paper (1) proposes new variables to detect informed high-frequency trading (HFT), (2) shows that HFT can help to predict takeover targets, and (3) shows that HFT in uences target announcement announcement returns. Prior literature suggests that informed trade may occur before takeovers, but...

Persistent link: https://www.econbiz.de/10011091603