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The objective of this study is to analyse investors' perceptions of sponsorship's ability to increase brand equity …, through the impact of sponsorship announcement on stock market value. An event study method, based on a unique sample of 293 … worldwide sponsorship announcements from 2010, shows substantial negative abnormal returns following announcement dates. In …
Persistent link: https://www.econbiz.de/10013062492
The period of 2010-2012 was characterized by information uncertainty and market volatility. Information uncertainty is a critical characteristic of financial market behavior. The ability to absorb and distribute information is central to financial market efficiency. Uncertain corporate earnings...
Persistent link: https://www.econbiz.de/10013013687
Persistent link: https://www.econbiz.de/10014447372
I collect 1,186 reported estimates of long-run value creation from 49 studies and present the first meta-analysis of the literature on shareholder activism and its effect on firm value in the longrun. This synthesis is necessary because shareholder activism is increasing over time and across...
Persistent link: https://www.econbiz.de/10014505919
This study analyses 268 cross-border acquisitions of Indian acquirer companies to capture the returns to shareholders as a result of the acquisition announcements during the period January 2003 to December 2008 using the event study methodology. We focus on cross border acquisitions, stake-wise...
Persistent link: https://www.econbiz.de/10013014556
This study analyzes the effect of changes in corporate control on the way shareholders benefit from the announcements of selling and buying airlines, thus contributing to the literature on mergers and acquisitions (M&As) in emerging markets. Using a methodology of event study, including GARCH...
Persistent link: https://www.econbiz.de/10013029644
Mergers and Acquisitions (M&A) are considered to be on the fast track for increasing the size, expanding branch network, and enlarging business operations. The evolution of M&A has been long drawn. In this paper, an attempt has been made to determine the shareholder value addition consequent to...
Persistent link: https://www.econbiz.de/10013099344
This paper analyses lawsuits against shareholders' resolutions according to the German Stock Corporation Act (AktG) and the German Reorganisation Act (UmwG). A merger passed at the General Annual Meeting will not move forward as long as any lawsuit is pending with a court. In particular, mergers...
Persistent link: https://www.econbiz.de/10013058808
payment to finance mergers as issuance of shares is bad news. The management may acquire the target firm as a subsidiary and …
Persistent link: https://www.econbiz.de/10013016529
The major objective of this study is to test if an Olympic Games sponsorship program can influence investors' behavior …: stock returns, stock volatility and transaction volumes. The paper deals with stock market reaction on Olympic sponsorship … transaction volumes, in order investigate the potent influence between the announcement of a grand sport sponsorship program and …
Persistent link: https://www.econbiz.de/10014027028