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Social Capital and Financial Performance in Nonprofits

Dell, Scott; Subedi, Meena; Hsu, Maxwell; Farazmand, Ali - 2022

Nonprofits provide services for the common good and are having an increasing influence on the economy over time. There is consensus among prior studies in for-profit settings that social capital positively influences corporate financial performance. In contrast, this study analyzes the...

Persistent link: https://www.econbiz.de/10014030733

Does Social Capital Foster Sustainable Investment?

Choy, Siu Kai; Koci, Iva; Wang, Mingzhu - 2022

How do country-level societal norms affect financial investments? We provide evidence that mutual funds managed in high social capital countries are inclined to consider environmental, social, and governance filters in their portfolios, especially when acquiring new stocks and investing abroad....

Persistent link: https://www.econbiz.de/10013403679

The intangibles song in takeover announcements : good tempo, hollow tune

Filipovic, Zoran M.; Wagner, Alexander F. - 2019

novel word list of intangibles and apply it to takeover announcements. Deals presented with more “intangibles talk” complete … overoptimism. Overall, takeover announcements can provide important information regarding the quality of deals …

Persistent link: https://www.econbiz.de/10011976989

The impact of a takeover bid on the capital market efficiency

Knezovic, Anita; Culjak, Maria - In: UTMS journal of economics / University of Tourism and … 9 (2018) 2, pp. 109-120

The impact of the announcement of a takeover bid has been widely tested in foreign literature. Therefore, the main goal … of this paper is to research the impact of the announcement of a takeover bid on the share price movements in the … takeover bid affects the share prices of the target company, which is consistent with the results of previous research …

Persistent link: https://www.econbiz.de/10012178422

Long-Term Value Creation in Cross-Border Mergers and Acquisitions : The Role of Trust

Cha, Yunju; Chung, Byung Hun; Kang, Jun-Koo - 2023

We examine whether trust between the citizens in an acquirer’s country and those in a target’s country improves long-term synergistic gains in cross-border M&As. We find that acquirers’ announcement returns increase as trust increases. The result is robust to using a historical war as an...

Persistent link: https://www.econbiz.de/10014351338

The Anchoring Effect in Mergers and Acquisitions : Evidence from an Emerging Market

Stepanova, Anastasia - 2018

This article examines the presence of the reference price effect in mergers and acquisitions in Russia, which can act as a distortion in investor perception of the influence a deal has on a company. In this study we use the Russian market as a laboratory for the investigation of behavioral...

Persistent link: https://www.econbiz.de/10012929156

Investor Inattention and Managerial Opportunism – Evidence from Mergers and Acquisitions

Ahmad, Muhammad Farooq - 2020

We use the unique setting of Malaysian mergers and acquisitions (M&A) activity to test the effect of market-wide investor inattention when managers are attentive. During Ramadan, mainly Muslim investors are likely to be distracted while mainly non-Muslim managers are likely to be attentive and...

Persistent link: https://www.econbiz.de/10012835460

The Cultural Origin of CEOs’ Attitudes Towards Uncertainty : Evidence from Corporate Acquisitions

Pan, Yihui - 2019

We examine the role of cultural heritage in shaping U.S. CEOs' attitudes toward uncertainty, in the context of their corporate acquisition decisions. We find that CEOs with a more uncertainty-avoiding cultural heritage are less likely to engage in acquisitions. Conditional on making an...

Persistent link: https://www.econbiz.de/10012901719

The Value of Employee Morale in Mergers and Acquisitions : Evidence from Glassdoor

Lalova, Kristina - 2023

-merger synergies, perform greater takeover restructurings, and exhibit a higher likelihood of completion and rate of completion. Firms …

Persistent link: https://www.econbiz.de/10014345222

The Impact of the Institutional Environment on Analysts’ Herding Behavior : Evidence from Broker Acquisitions

Fiechter, Peter; Mangeney, Louis - 2020

We examine the influence of institutional factors on herding behavior by exploring changes in security analysts’ institutional environments. Specifically, we identify analysts employed at privately held brokers subsequently acquired by a publicly listed institution (hereafter, “treated...

Persistent link: https://www.econbiz.de/10014361829

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