Narrow search
Showing 1 - 10 of 636
Cover Image
Terrorist Attacks and Financial Markets
Bonekamp, Bas - 2017
This paper investigates the magnitude and the duration of the effect of a terrorist attack on stock market indices. We investigate the impact of New York (2001), Madrid (2004), London (2005), Boston (2013), Paris (2015), Brussels (2016), Nice (2016) and Berlin (2016) on the stock indices of the...
Persistent link: https://www.econbiz.de/10012962114
Cover Image
Media, Fake News, and Debunking
Van Long, Ngo - 2018
We construct a Hotelling-type model of two media providers, each of whom can issue fake and/or real news and each of whom can invest in the debunking of their rival's fake news. The model assumes that consumers have an innate preference for one provider or the other and value real news. However,...
Persistent link: https://www.econbiz.de/10012919058
Cover Image
News Sources and Media Bias
Garcia Pires, Armando José; Kind, Hans Jarle; Sorgard, Lars - 2021
In this paper we investigate the relationship between news sources and media firms. Although empirically important, this channel for supply-driven media bias has not previously been analyzed in economics literature. We model the relationship as an informal contract based on trust and punishment,...
Persistent link: https://www.econbiz.de/10013315873
Cover Image
Mergers and Partial Ownership
Foros, Øystein - 2010
In this paper we compare the profitability of a merger to the profitability of a partial ownership arrangement and find …
Persistent link: https://www.econbiz.de/10013148773
Cover Image
A Simple Model of Mergers and Innovation
Federico, Giulio - 2017
We analyze the impact of a merger on firms' incentives to innovate. We show that the merging parties always decrease … their innovation efforts post-merger while the outsiders to the merger respond by increasing their effort. A merger tends to … reduce overall innovation. Consumers are always worse off after a merger. Our model calls into question the applicability of …
Persistent link: https://www.econbiz.de/10012951696
Cover Image
Driven by the Discount Factor : Impact of Mergers on Market Performance in the Semiconductor Industry
Harris, Jeremiah - 2015
This study investigates the impact of firm-specific discount factors on merger formation and market performance. We … explain merger formation and the impact on product market performance. More specifically, we find that acquiring firms …
Persistent link: https://www.econbiz.de/10013028530
Cover Image
Communications Technology and Terrorism
Mahmood, Rafat - 2020
By facilitating the flow of information in society, communications technology (CT; e.g., newspapers, radio, television, the internet) can help terrorists to (i) spread their message, (ii) recruit followers, and (iii) coordinate among group members. However, CT also facilitates monitoring and...
Persistent link: https://www.econbiz.de/10012852045
Cover Image
Sovereign Rating News and Financial Markets Spillovers : Evidence from the European Debt Crisis
Arezki, Rabah - 2011
This paper examines the spillover effects of sovereign rating news on European financial markets during the period 2007-2010. Our main finding is that sovereign rating downgrades have statistically and economically significant spillover effects both across countries and financial markets. The...
Persistent link: https://www.econbiz.de/10013127179
Cover Image
Double-Question Survey Measures for the Analysis of Financial Bubbles and Crashes
Pesaran, M. Hashem - 2017
This paper proposes a new double-question survey method that elicits information about how individuals subjective belief valuations are compared and related to their price expectations. An individual respondent is presented with two sets of questions, one that asks about his/her belief regarding...
Persistent link: https://www.econbiz.de/10012963776
Cover Image
Asset Auctions, Information, and Liquidity
Vives, Xavier - 2021
A model is presented of a uniform price auction where bidders compete in demand schedules; the model allows for common and private values in the absence of exogenous noise. It is shown how private information yields more market power than the levels seen with full information. Results obtained...
Persistent link: https://www.econbiz.de/10013316270