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The effect of industry restructuring on peer firms

Holcomb, Alex; Mason, Paul - In: Journal of risk and financial management : JRFM 14 (2021) 5, pp. 1-25

We study the bond price reaction of a merged firms peers, in order to better understand how the market responds to a restructuring. We argue that a merger announcement may signal the possibility of a merger wave to the industry, and in doing so, increase the conditional probability that peer...

Persistent link: https://www.econbiz.de/10012534527

Mergers and acquisitions (M&AS) by R&D intensive firms

Dutta, Shantanu; Kumar, Vinod - In: Journal of risk and financial management : JRFM 2 (2009) 1, pp. 1-37

In this study, we evaluate the impact of R&D intensity on acquiring firms’ abnormal returns by examining 925 Canadian completed deals between 1993 and 2002 that have information on R&D expenditures. While examining the returns to acquiring firm shareholders in the R&D intensive firms we...

Persistent link: https://www.econbiz.de/10011556072

Cross-border acquisitions and shareholders’ wealth : the case of the Indian pharmaceutical sector

Wajid, Abdul; Sabiha, Anjim; Akhtar, Shakeb; Tabash, … - In: Journal of risk and financial management : JRFM 15 (2022) 10, pp. 1-17

Cross-border acquisitions by Indian companies have increased tremendously, especially during the last two decades, and the pharmaceutical industry is one of the top acquiring industries. This study verifies the relationship between cross-border acquisitions and shareholders’ wealth in the...

Persistent link: https://www.econbiz.de/10013471449

Groups, pricing, and cost of debt : evidence from Turkey

Küllü, A. Melih; Raymar, Steven B. - In: Journal of risk and financial management : JRFM 11 (2018) 1, pp. 1-31

has not been studied in depth. Our results reveal that the extent of group affiliation, government ownership, and … loans. While foreign ownership is beneficial in terms of pricing, being affiliated with a foreign group is not. Being a …

Persistent link: https://www.econbiz.de/10011855158

Review of the literature on merger waves

Cho, Sangjun; Chung, Chune Young - In: Journal of risk and financial management : JRFM 15 (2022) 10, pp. 1-21

Over the past few decades, the rapid growth of mergers and acquisitions (M&As) has received interest from academics and practitioners. While M&As continue to be the subject of thorough investigation from a corporate governance standpoint, comparatively less effort has been made to organize and...

Persistent link: https://www.econbiz.de/10013471479

CSR and firm risk : is shareholder activism a double-edged sword?

Bozos, Konstantinos; King, Timothy; Koutmos, Dimitrios - In: Journal of risk and financial management : JRFM 15 (2022) 11, pp. 1-22

Few can argue with the notion that corporations should at least consider corporate social responsibility (CSR) to better understand the impact of their operations on society. However, recent empirical tests suggest CSR has an ambiguous impact on firm performance. To shed new light on this...

Persistent link: https://www.econbiz.de/10013474479

Institutional ownership and firm performance : evidence from an emerging economy

Abedin, Syeda Humayra; Haque, Humaira; Shahjahan, Tanjina; … - In: Journal of risk and financial management : JRFM 15 (2022) 12, pp. 1-17

, this study investigates the impact of institutional ownership on firm performance in the Bangladeshi setting. Consistent … ownership and firm performance. Our findings indicate that both board size and board independence have a significant positive … impact on the relationship between institutional ownership and firm performance. …

Persistent link: https://www.econbiz.de/10014284398

The Influence of information transparency and disclosure on the value of listed companies : evidence from Vietnam

Loc Dong Truong; Le, Thai Xuan; Friday, H. Swint - In: Journal of risk and financial management : JRFM 15 (2022) 8, pp. 1-14

This analysis examines the influence of information transparency and disclosure on the value of companies listed on the Vietnamese stock market. Data employed in this study were primarily gathered from the audited financial statements, management reports and other related documents of 430...

Persistent link: https://www.econbiz.de/10013380408

Positive liquidity spillovers from sovereign bond-backed securities

Dunne, Peter G. - In: Journal of risk and financial management : JRFM 12 (2019) 2/58, pp. 1-25

disappear if dealers are diversified in providing liquidity across country-specific secondary markets and SBBS tranches. Hedging …

Persistent link: https://www.econbiz.de/10012022215

Effects of IPO offer price ranges on initial subscription, initial turnover and ownership structure : evidence from Indian ipo market

Sandhu, Harsimran; Guhathakurta, Kousik - In: Journal of risk and financial management : JRFM 13 (2020) 11/279, pp. 1-19

subscription, initial trading, and post-IPO ownership structures. The primary market in India provides a unique setting for … among investors, measured by full IPO subscription/oversubscription, initial turnover (liquidity), and the post-IPO listing … ownership structure among investors (ownership). For the IPO pre-listing stage, this study uses firth logistic regression to …

Persistent link: https://www.econbiz.de/10012388745

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