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Der Rückkauf eigener Anteile im deutschen Finanzsystem

Wettberg, Stefanie C. - 2003

In der vorliegenden Dissertation wird der Rückkauf eigener Anteile vor dem Hintergrund der Informations- und Anreizkonflikte in den Beziehungen zwischen den Eigenkapitalgebern, den Fremdkapitalgebern sowie dem Management eines Unternehmens diskutiert. Um die Richtung der Anreiz- und...

Persistent link: https://www.econbiz.de/10009476261

Determinanten der Ausschüttungspolitik – Theoretische Fundierung und Analyse der Relevanz aus der Perspektive von Unternehmen und Investment Professionals

Trost, Stefanie - 2009

Die Analyse von Determinanten der Ausschüttungspolitik hat in den vergangenen 50 Jahren sowohl aus der Perspektive der betriebswirtschaftlichen Forschung als auch aus Sicht der unternehmerischen Praxis zunehmend an Bedeutung gewonnen. Die bisher publizierten Beiträge basieren vorwiegend auf...

Persistent link: https://www.econbiz.de/10009451163

Share repurchases as a potential tool to mislead investors

Chan, K; Ikenberry, DL; Lee, I; Wang, Y - 2010

A rich literature argues that stock repurchases often serve as positive economic signals beneficial to investors. Yet due to their inherent flexibility, open-market repurchase programs have long been criticized as weak signals lacking commitment. We evaluate whether some managers potentially use...

Persistent link: https://www.econbiz.de/10009471443

Corporate Governance and Investor Reactions to Seasoned Equity Offerings

Huang, Rongbing; Tompkins, James G - 2009

We study the role of corporate governance in abnormal returns around announcements of seasoned equity offerings (SEOs) by publicly traded U. S. firms from 2001 - 2004. We find that investors react more positively for firms in which different people hold the CEO and board chairman positions. We...

Persistent link: https://www.econbiz.de/10009458997

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

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

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

Analisis Pengaruh Price Earning Ratio Dan Dividen Tunai Terhadap Harga Saham Perusahaan Di Bursa Efek Indonesia

Indriati, Dwi - 2011

Capital market represent the market transactions between the company and investor. For investors who invest their funds in shares of a company aims to earn revenue namely dividends. Many factors affect the stock price on the stock exchange, such as price earnings ratio (PER) and cash dividends....

Persistent link: https://www.econbiz.de/10009464527