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We investigate investor reactions to merger and acquisition rumors. Employing a large and comprehensive sample of …
Persistent link: https://www.econbiz.de/10012986351
This study examines foreign investors' trading behaviors around merger and acquisition (M&A) announcements in the …
Persistent link: https://www.econbiz.de/10012849355
This study examines whether the content of firms' Security Exchange Commission (SEC) filings submitted for their merger …
Persistent link: https://www.econbiz.de/10013312315
We document a strong positive initial market reaction to merger announcements from bidders with either large earnings …
Persistent link: https://www.econbiz.de/10013323516
' information processing even in the context of one of the largest and most important corporate events – merger announcements. More … reaction to Friday stock swap announcements is muted, as evidenced by lower acquirers' merger announcement abnormal trading … volumes and less pronounced acquirers' merger announcement abnormal stock returns …
Persistent link: https://www.econbiz.de/10013116126
' information processing even in the context of one of the largest and most important corporate events – merger announcements. More … reaction to Friday stock swap announcements is muted, as evidenced by lower acquirers' merger announcement abnormal trading … volumes and less pronounced acquirers' merger announcement abnormal stock returns …
Persistent link: https://www.econbiz.de/10013143523
We examine how using stock as the method of payment affects a bidder's investor base and investor recognition, and the bidder announcement return. We hypothesize that relative to a cash acquisition, a stock acquisition would increase the bidder's investor base and lower Merton's (1987) shadow...
Persistent link: https://www.econbiz.de/10012903756
We investigate investor behavior and firm performance related to corporate restructuring announcements using a database of Security Exchange Commission (SEC) filings by U.S. firms and web traffic on the SEC’s website. We find that abnormal investor attention positively predicts restructuring...
Persistent link: https://www.econbiz.de/10014349516
This study presents the results from a comprehensive out-of-sample test of long-run returns following mergers and acquisitions (M&As). Using a unique sample from 23 frontier markets of almost 800 transactions conducted during the years 1992 to 2016, we implement both cross-sectional tests and...
Persistent link: https://www.econbiz.de/10012174722
News on the stock market contains positive or negative sentiments depending on whether the information provided is favorable or unfavorable to the stock market. This study aims to discover news sentiments and classify news according to its sentiments with the application of PhoBERT, a Natural...
Persistent link: https://www.econbiz.de/10014419405