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An analysis of intraday market behaviour before takeover announcements

Rodrigues, Bruno Dore; Souza, Reinaldo Castro; … - In: International Review of Financial Analysis 21 (2012) C, pp. 23-32

The objective of this study was to analyse the changes in the intraday market microstructure behaviour before a takeover announcement for a sample of target, bidder and control (non-target) companies. Under the hypothesis that agents with asymmetric information were operating in the market, the...

Persistent link: https://www.econbiz.de/10010582646

City Union Bank : residual income approach to valuation

Sriram, M. - In: Vision : the journal of business perspective 24 (2020) 3, pp. 371-375

Persistent link: https://www.econbiz.de/10012287455

Firm, Equity Asset, and Fixed Income Securities Valuation : Practical Examples and Case Studies for Accounting and Financial Analyst Students

Moyo, Vusani - 2024

Chapter 1: Introduction -- Chapter 2: The Basics Of Time Value Of Money -- Chapter 3: Valuation Of Cash Flows …, Annuities And Perpetuities -- Chapter 4: Sources And Cost Of Long-Term Capital -- Chapter 5: Valuation Of Fixed Income … Securities -- Chapter 6: Valuation Of Equities -- Chapter 7: Firm And Equity Valuation Using Free Cash Flow Models -- Chapter 8 …

Persistent link: https://www.econbiz.de/10015047882

Revisiting acquirer returns : evidence from unanticipated deals

Tunyi, Abongeh A. - In: The journal of corporate finance : contracting, … 66 (2021), pp. 1-25

Persistent link: https://www.econbiz.de/10012514618

AN INTRODUCTION TO ACCOUNTING AND MANAGERIAL FINANCE:A Merger of Equals

Bierman, Harold - World Scientific Publishing Co. Pte. Ltd.

This book introduces corporate financial management, based on the basic capital budgeting framework and the time value of money. It focuses on theoretical formulations and correct application of financial techniques that will help improve managerial and financial decisions. Based on fundamental...

Persistent link: https://www.econbiz.de/10010727650

Equity value as a function of (eps1, eps2, dps1, bvps, beta) : concepts and realities

Ohlson, James A.; Johannesson, Erik - In: Abacus : a journal of accounting, finance and business … 52 (2016) 1, pp. 70-99

Persistent link: https://www.econbiz.de/10011581785

Managers, Workers and Corporate Control

Pagano, Marco; Volpin, Paolo - C.E.P.R. Discussion Papers - 2002

incumbent managers: to protect their high wages, they resist hostile takeovers, by refusing to sell their shares to the raider …

Persistent link: https://www.econbiz.de/10005497936

Employees and the market for corporate control

Macias, Antonio; Pirinsky, Christo - In: Journal of Corporate Finance 31 (2015) C, pp. 33-53

We find that firms that treat their employees better are less likely to be acquired. The shareholders of employee-friendly targets also receive lower premiums and smaller share of the surplus created by the deal. We also show that bidders tend to improve their employee policy following the...

Persistent link: https://www.econbiz.de/10011264358

What premiums do target shareholders expect? Explaining negative returns upon offer announcements

Ang, James S.; Ismail, Ahmad K. - In: Journal of Corporate Finance 30 (2015) C, pp. 245-256

We find, in a sample of 7581 merger offer announcements from 1990 to 2013, shareholders of 1283 (or 17%) target firms responded to the offer with negative market returns. These investors were disappointed at the offer, despite the price premium. To explain their disappointment, one must...

Persistent link: https://www.econbiz.de/10011190854

Do firms that wish to be acquired manage their earnings? Evidence from major European countries

Anagnostopoulou, Seraina C.; Tsekrekos, Andrianos E. - In: International Review of Financial Analysis 30 (2013) C, pp. 57-68

In this paper, we examine whether findings on downward accrual-based earnings management for firms publicly ‘seeking a buyer’ from the US can be extrapolated outside of the US context, given that past research has indicated that the function of the Merger and Acquisition (M&A) markets is...

Persistent link: https://www.econbiz.de/10010730288