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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...
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We study the shareholder value implications of a shift in the corporate balance of power towards shareholders. We find … would become compulsory for Swiss public companies, the shareholders of a large majority of companies reacted strongly … to be rewarded in full when shareholders vote on compensation in the next annual meeting. As a result, shareholders may …
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We study the impact of news embedded in scheduled macroeconomic announcements on the government bond market in Poland and the Czech Republic. We conduct an event study on intraday data and time-series regressions using daily data over an eight-year period, distinguishing between effects under...
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The impact of U.S. bank loan announcements on the stock prices of the corporate borrowers has been decreasing during the two last decades with estimated two-day cumulative abnormal returns slipping from almost 200 basis points in the beginning of the 1980s to close to zero by the turn of the...
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cumulative abnormal returns over a two-week event window. This drop is more pronounced for events that last longer and for events …
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