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The effects of profit-sharing on employment, wages, stock returns and productivity : evidence from UK micro-data
Wadhwani, Sushil B. - In: The economic journal : the journal of the Royal … 100 (1990) 399, pp. 1-17
Persistent link: https://www.econbiz.de/10001092785
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Does speculative news hurt productivity? : evidence from takeover rumors
Andres, Christian; Bazhutov, Dmitry; Cumming, Douglas J.; … - 2021
Takeover speculation may hurt productivity because uncertainty and threat of job loss cause anxiety, distraction, and … productivity temporarily declines after announcements of speculative takeover rumors that do not materialize. This productivity dip …
Persistent link: https://www.econbiz.de/10012816126
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Does speculative news hurt productivity? : evidence from takeover rumors
Andres, Christian; Bazhutov, Dmitry; Cumming, Douglas J.; … - 2021 - [Vers. 04/2024]
We show that productivity at both the firm and employee (i.e., analyst and inventor) level temporarily declines upon … announcements of takeover rumors that do not materialize. Such speculative news may hurt productivity because uncertainty and threat … more pronounced productivity dip for rumored targets and when the likelihood of job loss is higher. Firm performance …
Persistent link: https://www.econbiz.de/10014540304
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Does speculative news hurt productivity? : evidence from takeover rumors
Andres, Christian; Bazhutov, Dmitry; Cumming, Douglas J.; … - 2023
Speculative news on corporate takeovers may hurt productivity because uncertainty and threat of job loss cause anxiety … that firm productivity temporarily declines upon announcements of speculative takeover rumors that do not materialize. This … productivity dip is more pronounced for targets and for firms in countries with weaker employee rights and less long …
Persistent link: https://www.econbiz.de/10014234328
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Do stock markets value efficiency?
Amess, Kevin; Girma, Sourafel - In: Scottish journal of political economy : the journal of … 56 (2009) 3, pp. 321-331
Persistent link: https://www.econbiz.de/10003846813
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An Asset Pricing Theory of Volatility Tail Behavior
Bakshi, Gurdip - 2012
We contrast two different asset pricing models, where the pricing kernel either (i) increases in the volatility dimension, reflecting investors' aversion to volatility, or (ii) could be non-monotonic in volatility, reflecting heterogeneity in investors' beliefs. The two models yield opposite...
Persistent link: https://www.econbiz.de/10013115088
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Measuring Marginal q
Gala, Vito - 2020
Using asset prices I estimate the marginal value of capital in a dynamic stochastic economy under general assumptions about technology and preferences. The state-space measure of marginal q relies on the joint measurability of the value function, i.e. firm market value, and its underlying firm...
Persistent link: https://www.econbiz.de/10012838995
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Product Market Power, Corporate Governance and the Information Content of Stock Price
Zhang, Yiming - 2016
Based on the data of companies listed on A-share market from the year 2001 to 2009, this paper measures product market power and the information content of stock price by using an event study method. Then I explore the relationship between product market power, corporate governance and the...
Persistent link: https://www.econbiz.de/10013004778
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The Product Market Power and Trade Volume of Stock Market : An Explanation Based on Heterogeneous Beliefs
Zhang, Yiming - 2016
Based on the data of companies listed on A-share market during the year 2001 to 2009, this paper explores the relationship between product market power and trade volume in the view of heterogeneous beliefs. It's found that the improvement of product market power significantly promotes trading,...
Persistent link: https://www.econbiz.de/10013004779
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The impact of Dieselgate on the required rate of return on equity of VW, BMW and DAIMLER
Čižinská, Romana; Matějková, Pavlína; Neset, Pavel - In: Financial internet quarterly 17 (2021) 1, pp. 8-18
Our paper studies the impacts of the Dieselgate scandal on the required rate of return on equity investments into VW, Daimler, and BMW. The object of investigation is the beta coefficient that determines the risk premium in the Capital Asset Pricing Model (CAPM). Our research takes a deep dive...
Persistent link: https://www.econbiz.de/10012588920