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Wealth transfer effects between stockholders and bondholders
Imbierowicz, Björn; Wahrenburg, Mark - In: The quarterly review of economics and finance : journal … 53 (2013) 1, pp. 23-43
Persistent link: https://www.econbiz.de/10009721379
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Wealth Transfer Effects between Stockholders and Bondholders
Imbierowicz, Björn - 2013
Prior research has addressed the question of whether certain events cause a transfer of wealth between stockholders and bondholders but does not control for the events' impacts on firms' credit risk. This may explain why many studies fail to identify wealth transfers. By employing announcements...
Persistent link: https://www.econbiz.de/10013093714
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Consolidation in Light of Solvency II – The Impact of Mergers and Acquisitions on Insurers’ Default Risk
Lange, Marc - 2019
risk on average. This effect is particularly pronounced for pre-merger low-risk insurers and reinsurers. As Solvency II … generally aims to enhance the soundness of the insurance sector and its firms, policymakers should be aware of this merger … study reveals that merger-related default risk changes are mostly driven by acquirer characteristics and to a limited extent …
Persistent link: https://www.econbiz.de/10012890549
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The relationship between announcements of complete mergers and acquisitions and acquirers' abnormal CDS spread changes
Hippert, Benjamin - 2021
Persistent link: https://www.econbiz.de/10012872864
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Do Announced Credit Rating Revisions Create Wealth Transfer Effects between Stockholders and Bondholders of European Firms?
Hundt, Steffen - 2016
Wealth transfer effects between stockholders and bondholders on the announcement date of changes in a firm's credit rating have primarily been examined a) for one type of security; b) on US capital markets; and c) by applying standard event study methods. In contrast to these investigations, we...
Persistent link: https://www.econbiz.de/10012984791
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Are credit rating disagreements priced in the M&A market?
Hasan, Iftekar; Huang, He; To, Thomas Y. - In: Journal of international financial markets, … 72 (2021), pp. 1-17
Persistent link: https://www.econbiz.de/10012801473
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Financial risk and acquirers' stockholder wealth in mergers and acquisitions
Chen, An-sing; Chu, Hsiang-Hui; Hung, Pi-Hsia; Cheng, … - In: The North American journal of economics and finance : a … 54 (2020), pp. 1-17
Persistent link: https://www.econbiz.de/10012665788
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Cross-border mergers and acquisitions and default risk
Koerniadi, Hardjo; Krishnamurti, Chandrasekhar; Tourani … - In: International review of financial analysis 42 (2015), pp. 336-348
Persistent link: https://www.econbiz.de/10011573521
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The impact of mergers & acquisitions on credit default swap spreads
Lleshaj, Denisa - In: Corporate finance : Finanzierung, Kapitalmarkt, … 7 (2016) 6, pp. 219-225
Persistent link: https://www.econbiz.de/10011581346
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The risk effects of acquiring distressed firms
Bruyland, Evy; De Maeseneire, Wouter - In: Journal of business finance & accounting : JBFA 43 (2016) 9/10, pp. 1297-1324
Persistent link: https://www.econbiz.de/10011643937