Similar Search Results

Foreign acquisition and credit risk : evidence from the U.S. CDS market

Yilmaz, Umit - 2016 - This draft: May 31, 2016

This paper empirically analyses the effect of foreign block acquisitions on the U.S. target firms' credit risk as captured by their CDS. The involvement of foreign investors leads to a significant increase in the target firms' CDS spreads. This effect is stronger when foreign owners are...

Persistent link: https://www.econbiz.de/10011519062

Chapter 15 Anomalies and market efficiency

Schwert, G. William - 2003

Anomalies are empirical results that seem to be inconsistent with maintained theories of asset-pricing behavior. They indicate either market inefficiency (profit opportunities) or inadequacies in the underlying asset-pricing model. After they are documented and analyzed in the academic...

Persistent link: https://www.econbiz.de/10014023856

Are firms in "boring" industries worth less?

Chen, Jia; Hou, Kewei; Stulz, René M. - 2015

Using theories from the behavioral finance literature to predict that investors are attracted to industries with more salient outcomes and that therefore firms in such industries have higher valuations, we find that firms in industries that have high industry-level dispersion of profitability...

Persistent link: https://www.econbiz.de/10010531875

So Many Jumps, So Few News

Aït-Sahalia, Yacine; Li, Chen Xu; Li, Chenxu - National Bureau of Economic Research - 2024

This paper relates jumps in high frequency stock prices to firm-level, industry and macroeconomic news, in the form of machine-readable releases from Thomson Reuters News Analytics. We find that most relevant news, both idiosyncratic and systematic, lead quickly to price jumps, as market...

Persistent link: https://www.econbiz.de/10014635709

Exploring the nexus between oil price shocks and sectoral stock returns : a new evidence from stock exchange in Malaysia

Al-hajj, Ekhlas; Al-Mulali, Usama; Solarin Sakiru Adebola - In: Economic change & restructuring 54 (2021) 1, pp. 199-217

Persistent link: https://www.econbiz.de/10012427689

The impact of Twitter-based sentiment on US sectoral returns

Zeitun, Rami; Ur Rehman, Mobeen; Ahmad, Nasir; Xuan Vinh Vo - In: The North American journal of economics and finance : a … 64 (2023), pp. 1-16

Persistent link: https://www.econbiz.de/10014246833

Tail-risk spillovers from China to G7 stock market returns during the COVID-19 outbreak : a market and sectoral analysis

Aloui, Riadh; Jabeur, Sami Ben; Mefteh-Wali, Salma - In: Research in international business and finance 62 (2022), pp. 1-22

Persistent link: https://www.econbiz.de/10014247870

Does mandatory shareholder voting prevent bad acquisitions?

Becht, Marco; Polo, Andrea; Rossi, Stefano - 2014

Shareholder voting on corporate acquisitions is controversial. In most countries acquisition decisions are delegated to boards and shareholder approval is discretionary, which makes existing empirical studies inconclusive. We study the U.K. setting where shareholder approval is imposed...

Persistent link: https://www.econbiz.de/10010387165

Corporate takeovers and economic efficiency

Eckbo, B. Espen - 2013

I review recent takeover research which advances our understanding of "who buys who" in the drive for productive … targets, the role of the supply chain and industrial networks in driving takeovers, target plant efficiency, and pre- and post-takeover … strongly averse to bidder toeholds, and the merger negotiation process strongly protects proprietary information. Takeover …

Persistent link: https://www.econbiz.de/10010254150

The effect of a target ownership structure on the takeover premium in owner-manager dominant acquisitions : evidence from Korean cases

Cho, Seong-ho (contributor) - 2007

This paper examines how the distribution of target ownership is related with takeover premium in owner-manager dominant …

Persistent link: https://www.econbiz.de/10011484755

1
2
3
4
5
6
7
8
9
10
Next
Last