Narrow search
Showing 1 - 10 of 3,808
Cover Image
The impact of a takeover bid on the capital market efficiency
Knezovic, Anita; Culjak, Maria - In: UTMS journal of economics / University of Tourism and … 9 (2018) 2, pp. 109-120
The impact of the announcement of a takeover bid has been widely tested in foreign literature. Therefore, the main goal … of this paper is to research the impact of the announcement of a takeover bid on the share price movements in the … obligation to disclose information about takeovers to the public. It has been shown that disclosure of the intent to announce a …
Persistent link: https://www.econbiz.de/10012178422
Cover Image
The Effect of Mergers and Acquisitions on Companies’ Fundamental Values in Emerging Capital Markets (The Case of BRICS)
Luzina, Daria - 2015
The study is aimed at the assessment of the effect of mergers and acquisitions on the fundamental value of acquiring companies in BRICS countries. The approach based on the residual income model was applied. The pre-acquisition expected fundamental value of the acquiring company and its realized...
Persistent link: https://www.econbiz.de/10013012583
Cover Image
Going public in China : reverse mergers versus IPOs
Lee, Charles M. C.; Qu, Yuanyu; Shen, Tao - 2018 - This draft: July 17, 2018
We study firms that go public through reverse mergers (RMs) versus initial public offerings (IPOs) in China. Using a manually assembled data set, we show that pre-listing RM firms are larger, more profitable, and less politically connected than pre-listing IPO firms. Chinese RM firms also have...
Persistent link: https://www.econbiz.de/10011979947
Cover Image
Financial Markets and News about the Coronavirus
Mamaysky, Harry - 2020
I examine how financial markets interact with news about the COVID-19 pandemic. A twelve topic model optimizes the trade-off between number of topics and topic coherence. Using this model, I show that before mid-March 2020 markets react more to the same quantum of news when volatility is higher...
Persistent link: https://www.econbiz.de/10012838169
Cover Image
Volatility Spillovers Across NFTs News Attention and Financial Markets
Wang, Yizhi - 2022
The aim of this study is to investigate the volatility spillover connectedness between NFTs attention and financial markets. This paper firstly proposes a new direct proxy for the public's attention in the NFT market: the non-fungible tokens attention index (NFTsAI), based on 590m news stories...
Persistent link: https://www.econbiz.de/10013404368
Cover Image
Rumor Has It : Sensationalism in Financial Media
Ahern, Kenneth R. - 2016
coverage in the context of merger rumors. Using a novel dataset, we find that accuracy is predicted by a journalist …
Persistent link: https://www.econbiz.de/10013007517
Cover Image
The effects of mergers and acquisitions on the information production of financial markets
Bade, Marco - In: The quarterly review of economics and finance : journal … 65 (2017), pp. 240-248
Persistent link: https://www.econbiz.de/10011792488
Cover Image
On Booms That Never Bust : Ambiguity in Experimental Asset Markets with Bubbles
Corgnet, Brice - 2018
We study the effect of ambiguity on the formation of bubbles and on the occurrence of crashes in experimental asset markets à la Smith, Suchanek, and Williams (1988). We extend their framework to an environment where the fundamental value of the asset is ambiguous. We show that, when the...
Persistent link: https://www.econbiz.de/10012909268
Cover Image
The impact of investor sentiment on direction of stock price changes : evidence from the Polish stock market
Polak, Kamil - In: Journal of banking and financial economics 2 (2021) 16, pp. 72-90
The purpose of this research is to examine the impact of sentiment derived from news headlines on the direction of stock price changes. The study examines stocks listed on the WIG-banking sub-sector index on the Warsaw Stock Exchange. Two types of data were used: textual and market data. The...
Persistent link: https://www.econbiz.de/10012887921
Cover Image
An agent-based model of financial market efficiency dynamics
El Oubani, Ahmed; Lekhal, Mostafa - In: Borsa Istanbul Review 22 (2022) 4, pp. 699-710
We build a parsimonious agent-based model under the adaptive market hypothesis (AMH), which can explain the formation of equilibrium prices and market efficiency dynamics. Our model combines heterogeneous interacting agents, switching behavior, and investor feedback on past realized returns,...
Persistent link: https://www.econbiz.de/10013334820