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highly speculative rumors. We focus on merger rumors, where most do not materialize. We find that merger rumors accompanied … unrelated to the probability of merger realization. The price distortion associated with tweet volume persists weeks after a …
Persistent link: https://www.econbiz.de/10012854063
This paper studies the feedback effects of social media on corporate investment decisions. Using a comprehensive sample of millions of tweets from a popular social media network, I show that negative social media feedback around the announcement of a corporate acquisition increases the...
Persistent link: https://www.econbiz.de/10013216431
management to withdraw an announced merger. A standard deviation decline in abnormal social media sentiment following a merger … announcement predicts a 0.73 percentage point increase in the likelihood of merger withdrawal (18.9% of the baseline rate). The … informativeness of social media for merger withdrawals is not explained by abnormal price reactions or news sentiment, and in fact, it …
Persistent link: https://www.econbiz.de/10013291973
Investors use social media in order to access and exchange information regarding recent events in the business and financial domain. Social media support investors to reduce uncertainty about the implications and the evaluation of such business events. Companies benefit from these event-related...
Persistent link: https://www.econbiz.de/10012439323
Persistent link: https://www.econbiz.de/10012301671
internet are consistent with the conclusion that technologies that enhance the transmission of public information have an … study is distinct from existing literature due to its globally diverse M&A dataset, unique social media and internet data …
Persistent link: https://www.econbiz.de/10012520621
This research focused on the shareholder wealth effect of comScore, Inc.’s merger withRentrak Corp, and a sentiment … analysis data has explanatory power for abnormal return on the merger forcomScore and Rentrak …
Persistent link: https://www.econbiz.de/10014238313
acquisitions to ensure more merger reviews in the digital sector (art. 14 DMA). The regulation relies on the ability of the Member … States to refer to the Commission under article 22 EUMR a merger that does not meet the national merger thresholds. The …
Persistent link: https://www.econbiz.de/10014077760
internet are consistent with the conclusion that technologies that enhance the transmission of public information have an … study is distinct from existing literature due to its globally diverse M&A dataset, unique social media and internet data …
Persistent link: https://www.econbiz.de/10013299389
revolution in how we conduct merger control, it is likely to require some significant changes in competition guidelines and will …, which are explored in this study. This underlines the need for forward looking merger review and the possibility of using … required to derive broad principles as to how data should be considered in merger review. The study examines these issues …
Persistent link: https://www.econbiz.de/10013230842