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The Effect of Accounting-Based Debt Covenant Disclosures on Shareholder Wealth

Wang, Ping - 2019

This study examines whether disclosures of the terms of accounting-based debt covenants affect shareholder wealth. Specifically, I focus on market reaction at the time of the announcement of technical default. I find that firms that disclosed the terms of the covenants in prior Securities and...

Persistent link: https://www.econbiz.de/10012900990

The impact of divestitures on shareholder wealth : the DACH case

Teschner, Nils; Paul, Herbert - In: European journal of management and business economics : … 30 (2021) 1, pp. 55-71

Purpose - The purpose of this research is to study the impact of divestitures on shareholder wealth. This study covers selloffs of publicly traded companies in Germany, Austria and Switzerland (DACH region) during the period 2002-2018. It aims to understand the overall effect of selloffs on...

Persistent link: https://www.econbiz.de/10012822022

Law Firm Expertise and Shareholder Wealth

Schweizer, Denis - 2019

, we find that top-tier law firms increase the wealth of bidder shareholders by an average of 0.98% ($15.09 million), but … not that of target firm shareholders. Interestingly, we also find no evidence that the reputation of the investment bank …

Persistent link: https://www.econbiz.de/10012858454

Value Relevance of Mergers Blocked by Shareholder Lawsuits According to the German Stock Corporation Act : An Event Study

Labrenz, Helfried - 2014

This paper analyses lawsuits against shareholders' resolutions according to the German Stock Corporation Act (AktG) and … lawsuit is pending with a court. In particular, mergers have to be implemented without any delay. The minority shareholders … voting power of minority shareholders and create incentives to use the real option inefficiently. Therefore, the majority …

Persistent link: https://www.econbiz.de/10013058808

Impact of Mergers and Acquisitions on Shareholders' Wealth in Short-Run : An Event Study Approach

Rani, Neelam - 2015

Globalization and liberalization have led firms from emerging markets like India to become more aggressive and opt for mergers and acquisitions (M&A) to fight the competitive battle. The present study attempts to evaluate the impact of mergers and acquisitions on the returns in the short run...

Persistent link: https://www.econbiz.de/10013016529

Impact of open offer announcements on shareholders' wealth : evidence from India

Vemula, Vinay Kumar; Gupta, Juhi; Kashiramka, Smita - In: International journal of financial services management … 10 (2020) 4, pp. 350-367

Persistent link: https://www.econbiz.de/10012510386

Supermajority provisions and shareholders wealth : evidence from South Korea's natural experiment

Kim, Hyeong Joon; Han, Seung Hun - In: Corporate governance : an international review 30 (2022) 3, pp. 311-334

Persistent link: https://www.econbiz.de/10013185412

Czy Podział Akcji Maksymalizuje Bogactwo Akcjonariuszy? (Do Stock Splits Maximize Shareholders’ Wealth?)

Rudnicki, Józef - 2015

Persistent link: https://www.econbiz.de/10013035185

The Effects of the Reporting of Off-Balance-Sheet Investments on EPS Uncertainty, Leverage and Shareholders’ Wealth

Mantecon, Tomas - 2015

The degree of control over operations affects the quality of information provided to investors. Uncertainty about operating performance increases following the first equity method (EM) reporting of off-balance-sheet investments, but only when the investments are joint ventures (JVs). Partners in...

Persistent link: https://www.econbiz.de/10013035245

Bragging rights : does corporate boasting imply value creation?

Kothari, Pratik; Chance, Don M.; Ferris, Stephen P. - In: The journal of corporate finance : contracting, … 67 (2021), pp. 1-23

Persistent link: https://www.econbiz.de/10013209767