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Cross-border acquisitions by Indian companies have increased tremendously, especially during the last two decades, and …-border acquisitions and shareholders’ wealth in the Indian pharmaceutical sector. For this purpose, the data related to acquisitions were … current research prescribe that cross-border acquisitions have a positive and significant impact on shareholders’ wealth …
Persistent link: https://www.econbiz.de/10013471449
returns. Our results cast doubt on the usefulness of announcement returns as a measure of the value created in acquisitions …
Persistent link: https://www.econbiz.de/10012263196
We examine the effects of the North Korea-U.S. summit and related events on the South Korean stock market over the period March 2018 to June 2018. Employing the event study methodology, we estimate sectoral abnormal returns following the events surrounding the summit and conduct several...
Persistent link: https://www.econbiz.de/10014232764
We assess the effect of the recent royal wedding of Prince Harry and Meghan Markle on various sectors of the UK stock market over the period between November 2017 and May 2018. For this purpose, the event study methodology is used to estimate abnormal returns and conduct several robustness tests...
Persistent link: https://www.econbiz.de/10013373011
This paper offers new evidence on informed trading around merger and acquisition announcements from the UK equity and options market. The analysis suggests that in about 25%-33% of events there is abnormal option trading volume during the month that precedes the announcement. Such evidence is...
Persistent link: https://www.econbiz.de/10013133655
This study investigates whether the voluntary disclosure of management earnings forecasts influences investors' assessment of firm risk and firm value. We find a significant negative relationship between the issuance of management earnings forecasts and a variety of measures of firm risk...
Persistent link: https://www.econbiz.de/10013088706
risk around official mergers and acquisitions (M&A) announce-ments. Related literature extensively documents wealth effects …
Persistent link: https://www.econbiz.de/10012843225
and performance consequences in block acquisitions …
Persistent link: https://www.econbiz.de/10012976187
to acquirers' announcement period abnormal returns. This relation is stronger for private targets acquisitions and for … stock-financed acquisitions, when the information asymmetry between directors and outside investors is more pronounced …
Persistent link: https://www.econbiz.de/10013005344