Showing 1 - 10 of 33
Persistent link: https://www.econbiz.de/10005519580
This paper examines the effects of mergers on bidding firms’ stock prices. We find evidence of merger momentum: bidder … stock prices are more likely to increase when a merger is announced if recent mergers by other firms have been received well …
Persistent link: https://www.econbiz.de/10005519993
-year Treasury notes, we find that the impact of trades on prices tends to become significantly stronger on stressful days …
Persistent link: https://www.econbiz.de/10005520011
We consider a standard cash in advance monetary model with flexible prices or prices set in advance and show that there …
Persistent link: https://www.econbiz.de/10005520027
Some recent empirical evidence suggests that stock prices are not properly modelled as the present discounted value of … show that the nonlinearity in the relationship between prices and dividends may arise from how managers choose dividend … payout. In particular, we propose a model of managed dividends which can explain observed long-term trends in stock prices …
Persistent link: https://www.econbiz.de/10005520046
Persistent link: https://www.econbiz.de/10005520048
restricted by federal and state laws from expanding across state lines. We examine whether bank merger prices were higher or … well as those that may provide some diversification benefits, are offered higher prices.> We find that changes in the … regulatory environment had a significant impact on bank merger activities in general, and bank merger prices in particular. For …
Persistent link: https://www.econbiz.de/10005419870
across the states for more timely evidence of a change in this relationship. We find some evidence that the elasticity of …
Persistent link: https://www.econbiz.de/10005419896
last price change. This reflects differences over time in the flexibility of prices charged by a single store for a given … substantially differs from the average of other stores. However, extreme prices typically reflect the selling store's recent nominal … adjustments rather than changes in other stores' prices. …
Persistent link: https://www.econbiz.de/10005419897
This paper shows that one of the defining features of Walrasian equilibrium---law of one price---characterizes equilibrium in a non-Walrasian environment of (1) random trade matching without double coincidence of wants, and (2) strategic, price-setting conduct. Money is modeled as perfectly...
Persistent link: https://www.econbiz.de/10005419927