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Investment performance and market share: A study of the German mutual fund industry
Krahnen, Jan Pieter; Schmid, Frank A.; Theissen, Erik - 2006
We study a set of German open-end mutual funds for a time period during which this industry emerged from its infancy. In those years, the distribution channel for mutual funds was dominated by the brick-and-mortar retail networks of the large universal banks. Using monthly observations from...
Persistent link: https://www.econbiz.de/10010298320
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Investment performance and market share: A study of the German mutual fund industry
Krahnen, Jan P.; Schmid, Frank A.; Theissen, Erik - 2006
We study a set of German open-end mutual funds for a time period during which this industry emerged from its infancy. In those years, the distribution channel for mutual funds was dominated by the brick-and-mortar retail networks of the large universal banks. Using monthly observations from...
Persistent link: https://www.econbiz.de/10010308684
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La privatización de bancos públicos provinciales en Argentina en 1993-2001
González Padilla, Héctor Gustavo - 2009
En este artículo se estudia la privatización de un grupo de bancos públicos provinciales en Argentina en 1993-2001. En … eficiencia económica, este estudio se enfoca en dos cuestioness: i) evaluar si la privatización de los bancos públicos … provinciales produjo un incremento en el uso del poder de mercado por parte de aquellos bancos públicos provinciales privatizados y …
Persistent link: https://www.econbiz.de/10010323250
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Malaysian finance sector weak-form efficiency: Heterogeneity, structural breaks, and cross-sectional dependence
Ching Kok, Sook; Munir, Qaiser - In: Journal of Economics, Finance and Administrative Science 20 (2015) 39, pp. 105-117
This study examines the weak-form efficient market hypothesis (EMH) for the Finance Sector in Malaysian Stock Exchange, by exploring and scrutinizing the firm-level efficiency over for the period from 1st January 1997 to 31st December 2014. For this purpose, we apply panel nonlinear unit root...
Persistent link: https://www.econbiz.de/10011859379
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Corporate campaign contributions as a predictor for abnormal stock returns after presidential elections
Huber, Jürgen; Kirchler, Michael - 2008
Contributions by investor-owned companies play major roles in financing the campaigns of candidates for elective office in the United States. We look at the presidential level and analyze contributions by companies before an election and their stock market performance following US presidential...
Persistent link: https://www.econbiz.de/10010293413
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Quantifying high-frequency market reactions to real-time news sentiment announcements
Groß-Klußmann, Axel; Hautsch, Nikolaus - 2009
We examine intra-day market reactions to news in stock-specific sentiment disclosures. Using pre-processed data from an automated news analytics tool based on linguistic pattern recognition we extract information on the relevance as well as the direction of company-specific news....
Persistent link: https://www.econbiz.de/10010303687
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The abnormal returns of UK privatisations: From underpricing to outperformance
Florio, Massimo; Manzoni, Katiuscia - 2002
This paper offers a review and discussion of the evidence concerning the underpricing and long run performance of British PIPOs (Privatisation Initial Public Offerings) between 1977-1996, i.e. from the first privatisation under a Labour Government (British Petroleum), until the last ones by a...
Persistent link: https://www.econbiz.de/10011335748
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Language As Key Factor Of Long-Term Value Creation In Mergers And Acquisitions In The Telecommunications Sector
Navio-Marco, J; Solorzano-Garcia, M; Urueña, A. - 2015
This article analyzes long-term value creation or destruction in mergers and acquisitions in the telecommunications sector. After characterizing the market targeted by the analysis (telecommunications) and discussing and selecting the most suitable long-term methodology, we will make an...
Persistent link: https://www.econbiz.de/10011421640
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Do smoking bans always hurt the gaming industry? Differentiated impacts on the market value of casino firms in Macao
Zhang, Jing Hua; Tam, Kwo Ping; Zhou, Nan - In: Economics: The Open-Access, Open-Assessment E-Journal 10 (2016) 2016-28, pp. 1-32
The gaming economy has expanded rapidly in East Asia over the past decade. Despite the known public health hazards of secondhand smoking, smoking bans in casinos remain controversial due to concerns over the potential economic harm to casino firms. Applying an event study, the authors examine...
Persistent link: https://www.econbiz.de/10011557753
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Have the anomalies following share buybacks disappeared?
Dutta, Anupam - In: Cogent Economics & Finance 3 (2015) 1, pp. 1-5
Although several empirical studies report significant positive long-run abnormal stock returns following share buybacks, a recent event study paper claims that such anomalies have disappeared in the most recent decade and this disappearance of abnormal performance is not sensitive to the methods...
Persistent link: https://www.econbiz.de/10011559187