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An Empirical Analysis of Market Reaction Around the Bonus Issues in India

Mishra, Asim - EconWPA - 2005

Past researches have revealed significant abnormal returns for bonus issues even though the bonus issue date is known in advance and the distribution contains no new information. This study examines the stock price reaction to the information content of bonus issues with a view of examining the...

Persistent link: https://www.econbiz.de/10005134827

An Empirical Analasis of Market reaction Around the Bonus Issues in India

Mishra, Asim - EconWPA - 2005

Persistent link: https://www.econbiz.de/10005413084

Exogenous shocks and real estate rental markets: An event study of the 9/11 attacks and their impact on the New York office market

Fuerst, Franz - EconWPA - 2005

Any attempt to measure the impact of the 9/11 attacks is faced with the difficulty of separating the effects of the attacks from the impact of a wider economic recession and other simultaneous events. This study attempts to isolate the effect on New York office rental and vacancy rates by...

Persistent link: https://www.econbiz.de/10005561660

Third-party punishment and social norms

Fehr, Ernst; Fischbacher, Urs - EconWPA - 2004

We examine the characteristics and relative strength of third-party sanctions in a series of experiments. We hypothesize that egalitarian distribution norms and cooperation norms apply in our experiments, and that third parties, whose economic payoff is unaffected by the norm violation, may be...

Persistent link: https://www.econbiz.de/10005125599

A PUSH TO GEORGE ( IN ) BUSH

DR.VSR.SUBRAMANIAM - EconWPA - 2005

An imperative need has arisen to provide a Constructive push to the President Bush. American population, Corporate units, Expatriates and all nations with their currency related to US $, are not happy in the current $ dipping situation. Even the currencies of poor nations are galloping upward in...

Persistent link: https://www.econbiz.de/10005556940

MERGERS AND ACQUISITIONS IN THE PORTUGUESE BANKING INDUSTRY: IS IT THERE A PROCESS OF VALUE CREATION?

Silva, Jacinto Vidigal da; Diz, Miguel - EconWPA - 2005

This paper examines the valuation effects of mergers & acquisitions in the Portuguese banking industry from 1995 to 2003 over a 41-day (-20, +20) event window. Evidence shows some targets gains, but no gains for the bidders. The combined entity (target+bidder) shows no significant gains...

Persistent link: https://www.econbiz.de/10005561758

The Development and Implementation of IMF and World Bank Conditionality

Dreher, Axel - EconWPA - 2002

conditions seem to be influenced by contemporaneous World Bank activity. Moreover, the paper tries to explain compliance with … World Bank conditionality as well as interruptions of IMF programs in the recipient countries. Compliance with World Bank …. However, no other political factors seem to influence interruptions and compliance systematically. The paper describes the …

Persistent link: https://www.econbiz.de/10005556641

IMF and Economic Growth: The Effects of Programs, Loans, and Compliance with Conditionality

Dreher, Axel - EconWPA - 2004

endogeneity is accounted for. There is also evidence that compliance with conditionality mitigates this negative effect, while the …

Persistent link: https://www.econbiz.de/10005119451

Asymmetric Information and the Demand for Health Care - the Case of Double Moral Hazard

Schneider, Udo - EconWPA - 2004

by the patient’s compliance. A model of medical treatment is pre-sented in which both the actions of physician and …

Persistent link: https://www.econbiz.de/10005561533

Market Reaction and Volatility in the Brazilian Stock Market

Medeiros, Otavio Ribeiro De; Matsumoto, Alberto Shigueru - EconWPA - 2004

We perform an event study to investigate stock returns associated to the announcement of equity issues by Brazilian firms between 1992 and 2003 aiming to determine the market reaction before, during, and after the issue announcement. After measuring abnormal returns by OLS, we used ARCH and...

Persistent link: https://www.econbiz.de/10005134785