Showing 1 - 10 of 2,876
Purpose This paper aims to empirically analyze the success of European bank mergers and acquisitions (M&As) by an analysis of the shareholder value implications of stock market reactions to announced and canceled M&As in the period from 1999 to 2015. Design/methodology/approach The analysis of a...
Persistent link: https://www.econbiz.de/10014901958
Estate Investment Trusts (A-REITs) on existing shareholders. The study examines 96 A-REIT private placements from January … existing shareholders wealth by measuring the abnormal returns (AR) around the placement announcement. The authors extend the …
Persistent link: https://www.econbiz.de/10014898830
Summary We study the response of the German stock market index DAX to the announcement of macroeconomic business cycle forecasts. Returns are computed using high-frequency data observed for 15-second intervals. Publications of macroeconomic US indicators at 2:30 p.m. (CET) have temporary and...
Persistent link: https://www.econbiz.de/10014609130
Purpose The purpose of this study is to study the impact of new product announcements on the shareholder value in India … companies in India have got significant positive returns during the announcement of the new product. The value stands at 0 …
Persistent link: https://www.econbiz.de/10014838553
's shareholders in India. Furthermore, announcement returns have been assessed and compared across FMCG versus pharmaceutical brand … border effect has been computed to assess and compare the shareholders' wealth gains of pharmaceutical versus FMCG brand … shareholders have gained positive and significant returns on the announcement of a brand acquisition as it offers instant access to …
Persistent link: https://www.econbiz.de/10014896308
, stockbrokers, M&A advisory and regulatory bodies while designing takeover and open offer policies. Originality/value – This is an …
Persistent link: https://www.econbiz.de/10014954257
society at large, but solely for the short‐term financial benefit of its shareholders. The lack of long‐term vision and …
Persistent link: https://www.econbiz.de/10015012472
Purpose The purpose of this paper is to examine the effect of political connections in the value of companies listed on the Spanish stock market. Design/methodology/approach The authors study two issues on this topic: the impact on the company value of the appointment as director of an...
Persistent link: https://www.econbiz.de/10014677156
Logistics researchers often want to understand how particular management changes or external factors influence a firm. While this can be accomplished using operational or survey data, the authors outline an alternative approach using the event study method where inferences are made with the...
Persistent link: https://www.econbiz.de/10012042899
In this article, the authors examine the distribution of the stock returns for the acquiring firm and the corresponding market index. They find that significant non-normal distributions exist in a large number of acquiring firms. The authors use two robust regressions to examine the reliability...
Persistent link: https://www.econbiz.de/10012045777