This paper examines the performance of bidders with a hubris management during a takeover bid. Data for the study comprises of successful bids in the UK during the 1990s, which have been identified as having a hubris management. Valuation ratios and bid premium sizes are the measures used to...

This paper investigates the efficiency of the New Zealand and the Hongkong Index and Index Futures markets. A cointegration and error correction based approach is used to test the efficiency of the markets. The data for the study consists of the spot and futures prices for the NZSE40 andthe...

The recent evidence has shown that IPO uncertainty continues in aftermarket until a normal market is established. Evidence also indicates that aftermarket risk measured by stock's beta is related to the degree of underpricing in the US market. This may imply that additional underpricing may be...

Strategies and structure of financial institutions -- Regulatory environment of financial institutions -- Risks inherent in financial institutions -- Money markets, bond markets and mortgage markets -- Stock markets, derivative markets and foreign exchange markets -- Strategies of depository...