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Kollusion in Auktionen
Menzel, Christoph - 2000
Persistent link: https://www.econbiz.de/10009449693
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Wettbewerbs- und kartellrechtliche Probleme von Ratings
Eggers, Sven Olaf - 2009
Die seit Sommer 2007 anhaltende Krise an den weltweiten Finanzmärkten, welche mittlerweile andere Wirtschaftszweige wie etwa den Automobilsektor infiziert hat, ist auch auf die Tätigkeit zumindest der großen US-Ratingagenturen zurückzuführen. Strukturierte Forderungen wurden zu positiv...
Persistent link: https://www.econbiz.de/10009459141
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The Competitive Effects of Passive Minority Equity Interests: Reply
Salop, Steven C.; O'Brien, Daniel P. - 2001
In a recent article published in this journal, Jon Dubrow examines the acquisitions of passive minority equity interests. The focus of his article is the treatment of these transactions by the courts and the federal antitrust agencies, including their treatment of the investment-only exemption...
Persistent link: https://www.econbiz.de/10009466422
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Essays on the Market for Corporate Control
Kim, Hwagyun (contributor) - 2009
This dissertation examines the relative importance of the information effect oncorporate takeover in total takeover …-offer. Overall, the corporatetakeover bid generates information gains up to 15 percent of total takeover gains.It also develops a … the sources of takeover gains? Dotakeovers create value? Why are stock offers more common? Who gains from suchtransactions …
Persistent link: https://www.econbiz.de/10009465227
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For The Many of The Few?
Wong, Wai Kin - 2011
Recent studies [Bebchuk and Fried (2002)] have shown that managerial power and negotiations play important roles in the design of executive pay arrangements, suggesting that some CEOs may extract greater economic rent from shareholders when provided with the opportunity. This paper seeks to...
Persistent link: https://www.econbiz.de/10009466153
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Divergence of investors? opinion and takeovers: the impact on announcement returns, bid success and merger arbitrage investment strategies
Whitehead, Marcela, Banking & Finance, Australian … - 2010
, we examine the effect of the market reaction to a takeover announcement in conjunction with divergence of opinion on deal … Australian acquirers and 584 targets and find some evidence that managers in takeover negotiations listen to the acquirer market … analysed this mpact. We find that by using divergence of opinion to predict takeover success, we can build a merger arbitrage …
Persistent link: https://www.econbiz.de/10009484192
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EU banks rating assignments: Is there heterogeneity between new and old member countries?
Caporale, GM; Matousek, R; Stewart, C - 2009
We model EU countries? bank ratings using financial variables and allowing for intercept and slope heterogeneity. We find that country-specific factors (in the form of heterogeneous intercepts) are a crucial determinant of ratings. Whilst ?new? EU countries typically have lower ratings than...
Persistent link: https://www.econbiz.de/10009481446