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with their announcement and no evidence of excessive leakage of information. Cross-sectional regressions show that the …
Persistent link: https://www.econbiz.de/10009437605
significant negative abnormal return associated with their announcement and no evidence of excessive leakage of information …
Persistent link: https://www.econbiz.de/10009438312
, especially in contract theory. After thoroughly summarizing the potential information asymmetries and negative incentives between …
Persistent link: https://www.econbiz.de/10009471827
The average investor reaction is neutral to primary offerings by firms with managerial incentives closely tied to the shareholder value. Investors react negatively (1) when there are insufficient managerial ownership stakes to deter misuse of SEO proceeds and (2) when there are negative signals...
Persistent link: https://www.econbiz.de/10009476931
This dissertation includes two essays on the economic aspects of information security. The first essay presents a … principal-agent model for assessing the value of information security audits. The issue of information security investments is … confounded by control problems arising from asymmetric information and conflicting managerial interests within the firm. By …
Persistent link: https://www.econbiz.de/10009450623
and activities can be explained by the reduction of information asymmetries and agency costs. The results confirm that … three aspects of information asymmetry investigated, research intensity, the use of R&D financing arrangements and the …
Persistent link: https://www.econbiz.de/10009437483
these practices. These resultsdemonstrate that a higher level of transparency, and consequently lower information asymmetry …
Persistent link: https://www.econbiz.de/10009446914
Mechanisms used to allocate licenses to newcomers differ in various respects, and one of them being the information … revealed by the regulator. The author analyzes the impact of information revelation on the market structure, the market outcome …
Persistent link: https://www.econbiz.de/10009467401
This thesis contributes to the literature by providing new insights into the patterns and market implications of insider trading. The inferences presented here are based on the insider trading reports filed with the Polish Securities and Exchange Commission and the New Zealand Exchange. First,...
Persistent link: https://www.econbiz.de/10009460738
Persistent link: https://www.econbiz.de/10009459153