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Disciplinary Corporate Takeovers: Evidence for Australia
Dullard, Stuart; Hawtrey, Kim - In: Review of Pacific Basin Financial Markets and Policies … 15 (2012) 03, pp. 1250018-1
This paper tests the relationship between takeovers and poor management performance, known as the market discipline hypothesis. We create a proprietary new Australian dataset for this study by individually researching company reports for executive retention data. We assess takeover targets for...
Persistent link: https://www.econbiz.de/10010583648
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Measuring the performance of banks : theory, practice, evidence, and some policy implications
Hughes, Joseph P.; Mester, Loretta J. - 2013
relationship to size requires untangling cost and profit from decisions about risk versus expected-return because both cost and … episodes of financial distress and they also have an incentive to increase risk to exploit the cost-of-funds subsidy of … profit are functions of endogenous risk-taking. This chapter gives an overview of two general empirical approaches to …
Persistent link: https://www.econbiz.de/10009774419
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Inside the Black Box: What Explains Differences in the Efficiencies of Financial Institutions?
Berger, Allen N.; Mester, Loretta J. - Financial Institutions Center, Wharton School of Business - 1997
Over the past several years, substantial research effort has gone into measuring the efficiency of financial … measured efficiency. This paper examines several possible sources, including differences in efficiency concept, measurement …
Persistent link: https://www.econbiz.de/10005838135
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Measuring the performance of banks: Theory, practice, evidence, and some policy implications
2013
relationship to size requires untangling cost and profit from decisions about risk versus expected-return because both cost and … episodes of financial distress and they also have an incentive to increase risk to exploit the cost-of-funds subsidy of … profit are functions of endogenous risk-taking. This chapter gives an overview of two general empirical approaches to …
Persistent link: https://www.econbiz.de/10010334246
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Local versus Non-Local Effects of Chinese Media and Post-Earnings Announcement Drift
Kim, Jeong-Bon - 2019
as an indication that media independence plays a role in reducing PEAD or improving informational efficiency in the stock …
Persistent link: https://www.econbiz.de/10012870770
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The Impact of Privatization on State-Owned Enterprises Performance and Efficiency : Case Study of Sudan Airways
Mohamed, Issam A.W. - 2011
work to improve efficiency and generate profits. Sub-private companies performing on profit means that can be created to … enterprises with the public sector and reforming them as the course to those concerned with efficiency of government services …
Persistent link: https://www.econbiz.de/10013130174
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The random parameters stochastic frontier cost function and the effectiveness of public policy: Evidence from bank restructuring in Mexico
Barros, Carlos Pestana; Williams, Jonathan - In: International Review of Financial Analysis 30 (2013) C, pp. 98-108
We apply specifications of the random parameters stochastic frontier cost function model to estimate bank efficiency …, we employ the estimated efficiencies to determine the effect of foreign acquisitions on bank cost efficiency following …. This class of model appears to resolve the long standing problem of confounding inefficiency and heterogeneity. Mean cost …
Persistent link: https://www.econbiz.de/10010730290
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Is Technical Analysis Profitable on Athens Stock Exchange?
Rousis, Panagiotis - 2018
In this paper, we incorporate a technical analysis strategy of the Greek Stock Market. These are the strategies used by most professionals and significant players in the field of investment analysis on the Greek market. Data were collected from most of the investment companies in Greece. The...
Persistent link: https://www.econbiz.de/10012928879
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Efficiently Inefficient Markets for Assets and Asset Management
Garleanu, Nicolae - 2017
costly, and managers charge an endogenous fee. The efficiency of asset prices is linked to the efficiency of the asset …, but large and sophisticated investors benefit from searching for informed active managers since their search cost is low …
Persistent link: https://www.econbiz.de/10012971275
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Structural Change and the Efficiency of Banking In Turkey: Does Ownership Matter?
Aysan, Ahmet Faruk; Ceyhan, Sanli Pinar - Volkswirtschaftliche Fakultät, … - 2008
exclusive and exhaustive components of efficiency change and technological change. Additionally, we further decompose the … technical efficiency change into pure technical efficiency change and scale efficiency change. The DEA results guide us in …
Persistent link: https://www.econbiz.de/10008531710