Fiscal foresight has recently received much attention in the literature. In this context, this study examines whether stock returns of the construction industry can forecast public investment in Japan. In the forecasting exercise, the VAR model with mixed-frequency data sampling regression is...

Using the event study methodology introduced by Brown and Warner (1985) for six Greek industrial and construction firms, we attempt to measure the abnormal returns on stock prices on the day of the acquisition announcement. Estimation period and event period in our market model is -211 -11 -10,...