Showing 1 - 10 of 80,359
We investigate the impact of mass layoff announcements on the equity value of industry rivals. When a layoff announcement conveys good (bad) news for the announcer, rivals on average witness a 0.44 percent increase (0.60 percent decrease) in cumulative abnormal stock returns. This effect is...
Persistent link: https://www.econbiz.de/10011900749
. Competitors' stock price reactions are positively correlated with the announcer's returns. This contagion effect is stronger for … competitors whose values depend on growth opportunities. When layoff announcements induce positive stock returns to announcers …, competitors with positive R&D see a 1.15% increase in their returns. Conversely, when announcements induce negative reactions to …
Persistent link: https://www.econbiz.de/10012990951
On theoretical grounds, monitoring of top executives by the (supervisory) board is expected to be value relevant. The empirical evidence is ambiguous and we analyze three non-competing explanations for this ambiguity: (i) The positive effect on firm value of board monitoring is hidden in stock...
Persistent link: https://www.econbiz.de/10011453242
Persistent link: https://www.econbiz.de/10003809923
Persistent link: https://www.econbiz.de/10003598221
; dismissal ; corporate governance ; internal monitoring ; value relevance …
Persistent link: https://www.econbiz.de/10003561623
Persistent link: https://www.econbiz.de/10003941918
Persistent link: https://www.econbiz.de/10003945613
Persistent link: https://www.econbiz.de/10003816123
Persistent link: https://www.econbiz.de/10011403887