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IWIM - Institut für Weltwirtschaft und Internationales Management IWIM - Institute for World Economics and … US corporations into the most highly capitalized companies in the world. Today, even the largest international banks … corporate affairs. The “Anglo-Saxon model” of corporate governance however has not been universally accepted world-wide. The …
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Using rich data on hourly physical productivity and thousands of ownership changes from US power plants, we study the effects of acquisitions on efficiency and underlying mechanisms. We find a 2% average increase in efficiency for acquired plants, beginning five months after acquisitions....
Persistent link: https://www.econbiz.de/10014635690
We study how negative sentiment around an industry impacts beliefs and behaviors, focusing on demands for racial justice after the murder of George Floyd and the salience of the "defund the police" movement. We assess stakeholder beliefs on the impact of protests on the stock prices of...
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This paper relates jumps in high frequency stock prices to firm-level, industry and macroeconomic news, in the form of machine-readable releases from Thomson Reuters News Analytics. We find that most relevant news, both idiosyncratic and systematic, lead quickly to price jumps, as market...
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