This paper analyses the motivations for inter-company investment on the Spanish stock market through the study of a sample of significant acquisitions reported to the CNMV by firms quoted on the continuous market. By analysing the sign of the cumulative abnormal returns (CAR) and of the...

This paper examines the reaction of the Spanish continuous market to the announcement of securitisation operations by listed banks in the period 1993-2003. Results indicate the existence of positive and significant abnormal returns on the day immediately following the announcement date. The...