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Textual sentiment in finance: A survey of methods and models

Kearney, Colm; Liu, Sha - In: International Review of Financial Analysis 33 (2014) C, pp. 171-185

We survey the textual sentiment literature, comparing and contrasting the various information sources, content analysis methods, and empirical models that have been used to date. We summarize the important and influential findings about how textual sentiment impacts on individual, firm-level and...

Persistent link: https://www.econbiz.de/10010786518

Strategies on initial public offering of company equity at stock exchanges in imperfect highly volatile global capital markets with induced nonlinearities

Ledenyov, Dimitri O.; Ledenyov, Viktor O. - Volkswirtschaftliche Fakultät, … - 2014

This research considers the strategies on the initial public offering of company equity at the stock exchanges in the imperfect highly volatile global capital markets with the nonlinearities. We provide the IPO definition and compare the initial listing requirements on the various markets. We...

Persistent link: https://www.econbiz.de/10011258000

INFORMACIÓN ASIMÉTRICA ALREDEDOR DEL ANUNCIO DE UNA OPA

Ibáñez, Ana María; García, Constantino José; … - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2000

This paper analyses the existence of insider trading before a takeover announcement through the changes in spread … of trading with insiders is a reason why market makers increase the spread. The verified effect that takeover … market maker detects insiders in this sort of events. Our results do not show significant changes in spread before takeover …

Persistent link: https://www.econbiz.de/10005731189

Informed Trading Around Merger and Acquisition Announcements : Evidence from the UK Equity and Options Market

Siougle, Georgia - 2011

This paper offers new evidence on informed trading around merger and acquisition announcements from the UK equity and options market. The analysis suggests that in about 25%-33% of events there is abnormal option trading volume during the month that precedes the announcement. Such evidence is...

Persistent link: https://www.econbiz.de/10013133655

Information Content of Directors’ Trading Around Acquisition

Shams, Syed - 2016

This paper investigates the patterns of directors' trades and returns around takeover announcements. We find that the pre-announcement net value (the difference between buy value and sell value) of directors' trading is positively related to acquirers' announcement period abnormal returns. This...

Persistent link: https://www.econbiz.de/10013005344

Insider Trading and Credit Rating : Evidence from the US

Kiwia, Bill M. - 2016

In this paper I examine the relationship between credit rating and insider trading of 301 firms from 2000-2006 for S&P 500 Index firms. I argue that changes to the firm credit rating may increase (decrease) informed trading activities. This investigation is essential since insiders with private...

Persistent link: https://www.econbiz.de/10013007580

Insider trading, accrual abuse, and corporate governance in emerging markets — Evidence from Taiwan

Tang, Hui-wen; Chen, Anlin; Chang, Chong-Chuo - In: Pacific-Basin Finance Journal 24 (2013) C, pp. 132-155

This study investigates the endogenous relationship between abnormal insider trading and accrual abuse, and explores whether corporate governance affects this relationship. Our results suggest that insiders take advantage of private information on abnormal accruals to time their trading and...

Persistent link: https://www.econbiz.de/10011043164

Corporate Governance, Unternehmensbewertung und Wettbewerb - eine Untersuchung für die Schweiz

Beiner, Stefan; Drobetz, Wolfgang; Schmid, Markus M.; … - Wirtschaftswissenschaftliches Zentrum <Basel> - 2004

Einleitung: In der zweiten Hälfte der neunziger Jahre ist die Verbesserung der CorporateGovernance börsennotierter Gesellschaften zu einem intensiv diskutiertenThema geworden. Im Unterschied zu früheren Debatten, wie sie vor etwazwanzig Jahren anlässlich der Arbeit von Jensen/Meckling (1976)...

Persistent link: https://www.econbiz.de/10005862982

An analysis of intraday market behaviour before takeover announcements

Rodrigues, Bruno Dore; Souza, Reinaldo Castro; … - In: International Review of Financial Analysis 21 (2012) C, pp. 23-32

The objective of this study was to analyse the changes in the intraday market microstructure behaviour before a takeover announcement for a sample of target, bidder and control (non-target) companies. Under the hypothesis that agents with asymmetric information were operating in the market, the...

Persistent link: https://www.econbiz.de/10010582646

Price efficiency and trading behavior in limit order markets with competing insiders

Stöckl, Thomas - 2013

limit (market) orders if the asset's value is inside (outside) the bid-ask spread. (v) In situations where limit and market …

Persistent link: https://www.econbiz.de/10009744178