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M&A Rumors about Unlisted Firms : Online Appendix

Alperovych, Yan; Cumming, Douglas J.; Czellar, Veronika; … - 2021

We examine an international sample of 68,044 completed, or envisaged but abandoned, M&A transactions involving unlisted targets to determine the effect of rumors on deal-closing propensity and transaction value. Our focus on non-listed targets leaves only two reasons for the emergence of M&A...

Persistent link: https://www.econbiz.de/10013229919

High Frequency Trading, Information, and Takeovers

Humphery-Jenner, M. - Tilburg University, Center for Economic Research - 2011

This paper (1) proposes new variables to detect informed high-frequency trading (HFT), (2) shows that HFT can help to predict takeover targets, and (3) shows that HFT in uences target announcement announcement returns. Prior literature suggests that informed trade may occur before takeovers, but...

Persistent link: https://www.econbiz.de/10011091603

Shareholders and Stakeholders around the World: The Role of Values, Culture, and Law in Directors' Decisions

Licht, Amir N.; Adams, Renee B. - 2020

We present evidence on the way personal and institutional factors could together guide public company directors in decision-making concerning shareholders and stakeholders. In a sample comprising more than nine hundred directors originating from over fifty countries and serving in firms from...

Persistent link: https://www.econbiz.de/10012655967

Shareholders and stakeholders around the world: the role of values, culture, and law in directors' decisions

Licht, Amir N.; Adams, Renée - 2020 - This version: 5 November 2020

Persistent link: https://www.econbiz.de/10012668240

Compliance – some thoughts about reaching the next level

Baxter, Thomas C. - Federal Reserve Bank of New York - 2015

Remarks at the Fordham Journal of Corporate Counsel & Financial Law Symposium, Fordham Law School, New York City. …

Persistent link: https://www.econbiz.de/10011165182

Law and Finance.

LaPorta, R.; Lopez-de-Silanes, F.; Shleifer, A.; … - Harvard Institute of Economic Research (HIER), … - 1996

, and the quality of their enforcement in 49 countries. The results show that common law countries generally have the best …, and French civil law countries the worst, legal protections of investors, with German and Scandinavian civil law countries …

Persistent link: https://www.econbiz.de/10005245679

Insider Trading and Strategic Disclosure

Mitts, Joshua - 2020

I show that public companies disproportionately disclose positive news on days when corporate executives sell shares under predetermined Rule 10b5-1 plans. I find that the likelihood, share volume and dollar volume of insider sales under 10b5-1 plans are higher when good news is disclosed, and...

Persistent link: https://www.econbiz.de/10014351999

Innovation and Corporate Governance : The Impact of Sarbanes-Oxley

Shadab, Houman B. - 2013

This Article shows that innovation is a process that has specific characteristics, that these characteristics give rise … tradeoff to the detriment of innovation. Innovation is a process that results in new goods, services, methods of production …, and forms of business organization. Innovation can vastly improve the welfare of consumers, investors, firms, and the …

Persistent link: https://www.econbiz.de/10014223663

Fostering Innovation Growth through Regulatory Reform

Park, Jung-Soo - 2023

design, implementation, and monitoring of the many issues surrounding regulatory reform that stand in the way of innovation … innovation growth …

Persistent link: https://www.econbiz.de/10014263111

Transforming financial OTC Markets. Struggles around categories

Huault, Isabelle; Rainelli, Hélène - Université Paris-Dauphine (Paris IX) - 2011

We take advantage of the regulatory change planned to transform financial OTC markets into organized markets to study the processes and the means by which powerful actors resist categorization and contest a certain vision of the market. Specifically analyzing the documents produced by the MiFID...

Persistent link: https://www.econbiz.de/10011072943