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shareholders drive down their value by disposing their stocks following the announcement. …
Persistent link: https://www.econbiz.de/10009147675
shareholders returns in the Indian context. Design/Methodology/Approach: The study computes simple stock returns (R), market … takeover and open offer policies. Originality/Value: We compute SRV along with abnormal returns to find any correlation sets … during pre and post acquisition period. This is an original contribution undertake open offers and shareholders earnings in …
Persistent link: https://www.econbiz.de/10011107682
regulatory bodies while designing takeover and open offer policies. Originality/Value: This is an original contribution, which …
Persistent link: https://www.econbiz.de/10011108123
In an efficient stock market stock prices instantaneously and accurately adjust to new information. This paper conducts an event study analysis on an emerging market namely the Karachi Stock Exchange (KSE) by investigating the stock price reaction to public announcement of quarterly after tax...
Persistent link: https://www.econbiz.de/10009021699
The new methodology to study the impact of corporate events on bonds is comprised of a sampling technique and regression model. The method is different from standard approaches, motivated by the belief that event impact should be reflected in levels of yield premium. The regression tests for a...
Persistent link: https://www.econbiz.de/10008694014
This study examines the Eurozone stock markets’ reaction to a number of events associated with the post-implementation amendments of the IFRSs regarding financial instruments (IFRS 7, IFRS 9, IAS 32 and IAS 39). The adoption of these IFRSs is probably one of the most important recent changes...
Persistent link: https://www.econbiz.de/10008753055
This paper analyzes the response of the stock market returns to monetary policy decisions by the Central Bank of Chile. It adopts the event-study methodology in order to gauge the influence of anticipated and unanticipated changes in the Chilean monetary policy interest rate (TPM), decided in...
Persistent link: https://www.econbiz.de/10011108637
Many interdisciplinary studies of the 2007–2008 global financial crisis examine the causes of crisis, corporate governance and firm value, stock market efficiency, new firm registration, macroeconomic performance, and compare this crisis to previous crises. However, we do not find conceptual...
Persistent link: https://www.econbiz.de/10011111203
Using the multivariate regression methodology, we investigate the short-term effect of September 11, 2001 on US defense firms. Our findings suggest that the market differentiated among US defense firms based on the percentage of defense sales to total sales. In addition, the behaviour of the...
Persistent link: https://www.econbiz.de/10011112936
This study has examined the reaction of Pakistani stock market to earthquake of October 8, 2005 and its impact on the price, volume and volatility behavior of sixty firms listed on Karachi Stock Exchange (KSE) The event study methodology is adopted to assess the KSE response to this unforeseen...
Persistent link: https://www.econbiz.de/10011113933