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This paper examines voluntary disclosure of profit forecasts by bidding companies during takeovers. Disclosure is …
Persistent link: https://www.econbiz.de/10009475646
Profit forecasts are rarely disclosed in the UK except in prospectuses, circulars and during takeover bids. There are few regulations governing the content of profit forecasts. Under stock exchange rules these forecasts must be reported on by both reporting accountants and the merchant bankers...
Persistent link: https://www.econbiz.de/10009475654
-swap takeovers. We argue that this can beexplained by both bidder and target reflecting the likelihood of success of the takeover …
Persistent link: https://www.econbiz.de/10009475707
We examine the announcement and post‐acquisition share returns of UK acquirers in over 4,000 acquisitions of domestic, cross‐border, public and private targets. Domestic public acquisitions result in negative announcement and post‐acquisition returns, whilst cross‐border public...
Persistent link: https://www.econbiz.de/10009448807
Employee Share Option Plans (ESOPs) are widely applied in the South African context to disseminate wealth to Historically Disadvantaged South Africans (HDSAs). This opinion is affirmed by an increased application of the concept on a number of Broad Based Black Economic Empowerment (BBBEE)...
Persistent link: https://www.econbiz.de/10009447793
A generous amount of research on payout policies has reported that the trends of payout policieshave changed overtime. The common pattern in most of these studies is that fifty years ago cashdividend was the most dominant and favourable form of payout, but this pattern was notmaintained and saw...
Persistent link: https://www.econbiz.de/10009481279
sell shares (trading signals) of stock market indices. Most commonly used classification techniques are not successful in …
Persistent link: https://www.econbiz.de/10009484609
"panic selling" specific to group mentality, on the other hand. The price of shares on the stock exchange is getting formed … demand, the higher the price is, namely those who want to buy shares are more than those who want to sell them, and inversely … background. The price of shares can be influenced by the general market sentiment and investors' psychology. This is difficult to …
Persistent link: https://www.econbiz.de/10011716422
transfer of shares within a limited liability company. Until recently, the transactions having as object the selling-buying of … shares were structured in such a manner that they would respond, in the best way possible, to the common interests of the … buyer and the seller, while the registration of the transfer of shares in the Trade Register would, in most cases, appear as …
Persistent link: https://www.econbiz.de/10011861322
As part of a larger literature focused on identifying and relating the antecedents and consequences of diffusing organizational practices/ideas, recent research has debated the international adoption of a shareholder-value-orientation (SVO). The debate has financial economists characterizing the...
Persistent link: https://www.econbiz.de/10009438054