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.K., Japan, France, Germany, Canada, Italy, Spain, Switzerland, Australia, the Netherlands, Sweden, Belgium, Ireland, Denmark …
Persistent link: https://www.econbiz.de/10014488074
find that only those firms without bank monitors exhibit significant stock price declines upon the announcement of SHO. SHO …-affected firms with a bank loan experience a 21 basis point reduction in loan spreads. Regulation SHO, however, does not appear to … earnings management does not depend on whether the firm has a bank relationship. Our evidence suggests bi …
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Merton-type credit model, provide evidence of a structural break in the valuation of U.S. bank debt in the course of the 2007 …
Persistent link: https://www.econbiz.de/10013113869
We focus on the stock price reaction to convertible bond offering made by financial institutions and find that the cumulative abnormal return over the three day interval around convertible bond issuance is 1.41 percentage higher than that for non-financial institutions. This result supports our...
Persistent link: https://www.econbiz.de/10013058339
Der Europäischen Zentralbank (EZB) steht mit Zinsoperationen sowie diversen Offenmarktgeschäften eine breite Palette an geldpolitischen Maßnahmen zur Verfügung. Die vorliegende Arbeit untersucht die Auswir-kungen dieser Maßnahmen auf ausgewählte europäische Aktien- und Anleihemärkte...
Persistent link: https://www.econbiz.de/10003923463
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The past decade has been a time of drastic developments, both in financial markets and in related academic research. Among the most striking developments are the expanded stockholder base, the increased popularity of mutual funds among households, and the growing importance of private pension...
Persistent link: https://www.econbiz.de/10012054010
bank is, the higher are the abnormal returns, both in 'crisis countries' and 'non-crisis countries'. Moreover, abnormal … contrast, abnormal returns are not robustly related to bank risk. These findings reveal market expectations consistent with the …
Persistent link: https://www.econbiz.de/10015051532
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