This paper provides new evidence regarding the bidder shareholder wealth effects of takeover announcements by utilizing a robust method not previously employed in the area, namely Barber and Lyon's (1997) control firm approach. Thereafter, the study offers the first Australian evidence of the...

We provide the first high-frequency investigation of price discovery within the physical and financial layers of Europe's natural gas markets.Testing not only looks at short-term return dynamics, but also considers each security's contribution to price equilibrium in the longer-term.Results show...

We use high‐frequency data to better characterize price dynamics in global crude oil markets. Initially, we provide much‐needed quantitative evidence on interactions between physical and financial layers of the Brent market, highlighting the ICE Brent futures contract as the overwhelming...

We examine the influence of corporate governance mechanisms, namely blockholdings and board structure, on CEO pay-performance sensitivity in listed Australian firms. Results highlight blockholders' role in shaping observed pay-performance associations and their impact varying with their...

In this paper we explore the possibility that the presence of uncertain growth opportunities contribute to the use of PIPE financing. We conjecture that the existence of information asymmetry induces the firm to undertake a private placement and that the characteristics of the firm's investment...