Showing 1 - 10 of 236,903
Persistent link: https://www.econbiz.de/10011376109
investors believe in gains through the exploitation of market power by the post-merger entity. In a multinomial logistic model …
Persistent link: https://www.econbiz.de/10003893085
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
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
Central banks across the globe introduced large-scale asset purchase programs to address the unprecedented circumstances experienced during the pandemic. Many of these programs were announced as open-ended to shock-and-awe market participants and restore confidence in financial markets. This...
Persistent link: https://www.econbiz.de/10014486207
, we contrast a measure of the merger's profitability based on event studies with one based on accounting data. We find …
Persistent link: https://www.econbiz.de/10010365892
underlying sentiment during its real-time impact on the world and on global financial markets, in particular. In an age where …
Persistent link: https://www.econbiz.de/10012310023
This paper presents selected case studies of mergers and acquisitions in the entertainment sector that took place in the 21st century. The analysis carried out allows us to conclude that M&A processes in the entertainment sector are as complex as M&A processes in technology industries and...
Persistent link: https://www.econbiz.de/10013290275
Persistent link: https://www.econbiz.de/10011308669
The UBS- Credit Suisse (CS) merger in March 2023, one of the biggest banking unions in history, was an emergency rescue … deal engineered by Swiss authorities to avoid more market-shaking turmoil in global banking. The merger resulted in a … around the merger announcement through abnormal returns to UBS stockholders (7.95%) and CS bondholders (34.74%), equivalent …
Persistent link: https://www.econbiz.de/10014349670