Similar Search Results

Bidder cash reserve effect under the precautionary motive: Evidence from UK

Gao, Ning; Mohamed, Abdulkadir - 2011

Cash-rich bidders in UK have better announcement abnormal returns than cash-poor ones during 1984-2007, contrasting previous findings in the US. The positive cash reserve effect is mainly from bidders of high long-run growth or those with non-trivial institutional holdings. Moreover, cash-rich...

Persistent link: https://www.econbiz.de/10010409434

What drives bidder cash reserve effects in acquisitions: Agency conflicts or precautionary motive?

Gao, Ning - 2011

A cash-rich company is less likely to be a bidder during 1994-2008 in the US, contrasting the findings based on earlier sample period. This is mainly due to the companies with high residual market-to-book ratios (i.e. the residual of the actual market-to-book ratio regressed on measures of...

Persistent link: https://www.econbiz.de/10010409445

Return and Volatility Reactions to Monthly Announcements of Business Cycle Forecasts: An Event Study Based on High-Frequency Data

Steiner, Christian; Groß, Anne; Entorf, Horst - 2009

This article contributes to the literature on macroeconomic announcements and their impact on asset prices by investigating how the 15-second Xetra DAX returns reflect the monthly announcements of the two best known business cycle forecasts for Germany, i.e. the ifo Business Climate Index and...

Persistent link: https://www.econbiz.de/10010298727

Internal sources of finance and the great recession

Barnes, Michelle L.; Pancost, N. Aaron - 2010

The rising stockpile of cash as a share of total assets at U.S. firms has intrigued economists since at least the paper of Bates, Kahle, and Stulz (2006), yet there has been relatively little work on where this cash has come from and how it is related to investment performance. We exploit...

Persistent link: https://www.econbiz.de/10010280899

Strong hysteresis due to age effects

Chen, Yu-Fu - 2009

Persistent link: https://www.econbiz.de/10014306485

Unter welchen Bedingungen fördert die Riester-Förderung? Eine theoretische Analyse unter simultaner Einbeziehung von Kosten- und Steuereffekten

Stahl, Silvana; Stahl, Stefan; Kasch, Philipp - 2012

Vorteilhaftigkeit bezogen sich in der Regel auf Teilaspekte: entweder nur die Kosten- oder nur die Steuereffekte wurden untersucht … geben, wobei Kosten- und Steuereffekte gleichermaßen berücksichtigt werden. Dabei steht nicht die Frage im Vordergrund …

Persistent link: https://www.econbiz.de/10010319287

Monopolistic Competition and Costs in the Health Care Sector

Kumpmann, Ingmar - 2009

Competition among health insurers is widely considered to be a means of enhancing efficiency and containing costs in … is able to counterbalance the strong position of physicians and to achieve lower costs. … MonopolKrankenversicherung kann die starke Verhandlungsposition der Ärzte ausgleichen und niedrigere Kosten durchsetzen. …

Persistent link: https://www.econbiz.de/10010271400

Costs and quality of life in multiple sclerosis: A cross-sectional study in the USA

Kobelt, Gisela; Berg, Jenny; Atherley, Debbie; … - 2004

Persistent link: https://www.econbiz.de/10010281343

The cost of phasing out nuclear power: A quantitative assessment of alternative scenarios for Germany

Böhringer, Christoph; Hoffmann, Tim; Vögele, Stefan - 2000

Persistent link: https://www.econbiz.de/10010527505

Schooling for money: Swedish education reform and the role of the profit motive

Sahlgren, Gabriel H. - 2011

An analysis of how the profit motive drove competition and therefore improvements in the Swedish education systemThis IEA Discussion Paper looks at the role of for-profit schools in Sweden and for the first time provides quantitative evidence regarding how these schools perform. The competition...

Persistent link: https://www.econbiz.de/10015334065