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. Mit Hilfe einer Ereignisstudie werden die Marktreaktionen auf elf Ereignisse untersucht, die die Wahrscheinlichkeit der … Einführung der Regulierung beeinflusst haben. Die Ereignisstudie zeigt eine negative Gesamtmarktreaktion, die darauf schließen … shareholders is opposed to higher costs for obtaining information. This paper addresses the question of whether shareholders …
Persistent link: https://www.econbiz.de/10014528873
the cumulative abnormal return for a [-8, +4] window is negative and significant. These inconclusive results reinforce the … higher takeover prices, which is expected to increase shareholders' wealth. These two hypotheses have been widely tested in … the existence of a significant wealth effect, measured by an abnormal return of 0.5%, at the date of adoption, although …
Persistent link: https://www.econbiz.de/10010377524
Event studies represent an increasingly popular method to evaluate the welfare effects of economic policy decisions. The basic idea is that stock market reactions to the announcement of policy decisions contain superior information about the welfare effects of these decisions. This paper...
Persistent link: https://www.econbiz.de/10011307032
We document empirical evidence that the investment patterns of the two most relevant investor groups from regions with hierarchical structures in the German stock market, namely China (including Hong Kong) and the Gulf Cooperation Council, differ substantially. Chinese investors buy large shares...
Persistent link: https://www.econbiz.de/10014522918
We aim at answering whether it is more noteworthy for investors to attain or sustain corporate governance goals by examining how the market reacts towards announcements regarding corporate governance ratings (CGR) and corporate governance index (XCORP) including the firms listed in Borsa...
Persistent link: https://www.econbiz.de/10012873447
In this article, I use a unique dataset consisting of listed Indian firms that have been indicted for economic malpractice/default or have been non-compliant with laws/ regulations/ guidelines to estimate the stock price impact of regulatory actions against corporate irregularities. The sample...
Persistent link: https://www.econbiz.de/10015074074
When the German financial reporting enforcement was introduced in 2004, the legislator chose an innovative approach: He combined a private enforcement institution with a governmental agency while sanctioning was carried out solely by publicly announcing identified accounting errors....
Persistent link: https://www.econbiz.de/10015324739
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Persistent link: https://www.econbiz.de/10011695703
bootstrapping. Our results show significant abnormal returns for Japanese nuclear utility firms during the one-week event window and … the subsequent four-week post-event window. Furthermore, while French and German nuclear utility and alternative energy … stocks exhibit significant abnormal returns during the event window, we cannot confirm abnormal returns for U.S. stocks. …
Persistent link: https://www.econbiz.de/10010421368