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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

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

A Numerical Approach to Profile Investor Preferences from Option Prices

Marzetti, Marco - 2007

This paper introduces a behavioural model and an algorithm that allow define classes of investors and draw the size each of them from financial data. The nonparametric pricing kernel estimated from stocks and options quotes allows to derive an estimate of the market utility. At the micro level...

Persistent link: https://www.econbiz.de/10009467010

Der Wandel des Kapitalanlageverhaltens im Lebenszyklus : eine sozioökonomische Betrachtung

Schuster, Sylvia - 2010

Ziel der Diplomarbeit ist es, aufzuzeigen, welche Einflussfaktoren auf den Kapitalanleger aus ökonomischer, soziologischer und psychologischer einwirken. Unter diesen Gesichtspunkten wird der Wandel des Anlageverhaltens eines Individuums in seinem fortschreitenden Lebenszyklus betrachtet.Durch...

Persistent link: https://www.econbiz.de/10009434253

Die Persönlichkeit als Erklärungsansatz interindividueller Unterschiede im Anlegerverhalten an der Börse

Rothkopf, Birte - 2003

. Insgesamt war der Einfluß der Persönlichkeitseigenschaften auf das Anlageverhalten jedoch relativ gering, und dabei vor allem …

Persistent link: https://www.econbiz.de/10009467423

Anlagestrategie Behavioral Finance : die Bedeutung verhaltensorientierter Anlagestrategien in der amerikanischen und deutschen Fondsindustrie

Jaunich, Arthur Oliver - 2008

Die Dissertation befasst sich mit der praktischen Umsetzung der Behavioral-Finance-Theorie im Bereich des Asset Managements. Hierzu werden zunächst die wesentlichen verhaltensorientierten Anlagestrategien gemäß Fachliteratur identifiziert. Auf Basis von Regressionsansätzen wird anschließend...

Persistent link: https://www.econbiz.de/10009467430

Three Essays on High Frequency Financial Econometrics and Individual Trading Behavior

Nolte, Ingmar - 2008

In recent years high-frequency finance has become one of the most active research fields in finance and economics. The wide-spread availability of high-frequency datasets has particularly spurred research within this field and has, in turn, given birth to the rapidly expanding bridge between...

Persistent link: https://www.econbiz.de/10009471665