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On the pricing of commonality across various liquidity proxies in the London stock exchange and the crisis

Lim, SungKyu; Giouvris, Evangelos - In: Handbook of investors' behavior during financial crises, (pp. 447-470). 2017

Persistent link: https://www.econbiz.de/10011743118

Death on the stock exchange : the fate of the 1948 population of large UK quoted companies, 1948-2018

Meeks, Geoffrey; Whittington, Geoffrey - In: Business history 65 (2023) 4, pp. 679-698

Persistent link: https://www.econbiz.de/10014305822

The Altman ‘Z’ is ‘50’ and Still Young : Bankruptcy Prediction and Stock Market Reaction Due to Sudden Exogenous Shock

Poudel, Rajeeb - 2019

This study is motivated by the continuing popularity of the Altman Z-score as a measure of distress risk. Altman first introduced the ‘Z' score in 1968 and 50 years later it is still going strong as a means to predicting bankruptcy. During these 50 years, academicians have studied the...

Persistent link: https://www.econbiz.de/10012893618

The Effect of Bid-Ask Spread, Firm Size, and Liquidity on Price Reversal Phenomenon

Pasaribu, Rowland Bismark - 2017

This study contains the effects of bid-ask spread, firm size and liquidity against price reversal phenomena at …

Persistent link: https://www.econbiz.de/10012942847

Mutual Fund Trading Pressure : Firm-Level Stock Price Impact and Timing of SEOs

Khan, Mozaffar - 2013

. This is a relatively exogenous overvaluation indicator as it is associated with who is buying, buyers with excess liquidity …

Persistent link: https://www.econbiz.de/10013092698

Creditor Rights, Claims Enforcement, and Bond Performance in Merger and Aqcuisitions

Renneboog, Luc - 2017

This paper shows that country-level differences in creditor protection affect bond performance around cross-border M&A announcements. Using Eurobonds and a global sample of 1,100 cross-border M&As, we find that the bondholders of bidding firms respond more positively to deals that expose their...

Persistent link: https://www.econbiz.de/10012961171

Creditor Rights, Claims Enforcement, and Bond Returns in Mergers and Acquisitions

Renneboog, Luc - 2016

By means of an international sample of cross-border mergers and acquisitions (M&As) involving firms with outstanding Eurobonds from the US, Europe, and other countries around the world, we show that bond performance around M&A announcements is sensitive to cross-country differences in creditor...

Persistent link: https://www.econbiz.de/10012996646

Foreign acquisition and credit risk : evidence from the U.S. CDS market

Yilmaz, Umit - 2016 - This draft: May 31, 2016

This paper empirically analyses the effect of foreign block acquisitions on the U.S. target firms' credit risk as captured by their CDS. The involvement of foreign investors leads to a significant increase in the target firms' CDS spreads. This effect is stronger when foreign owners are...

Persistent link: https://www.econbiz.de/10011519062

Post-merger returns in frontier markets, or how we learned to stop worrying and love the acquirers

Zaremba, Adam; Szyszka, Adam; Płotnicki, Michał; … - In: Journal of business economics and management 19 (2018) 1, pp. 96-109

This study presents the results from a comprehensive out-of-sample test of long-run returns following mergers and acquisitions (M&As). Using a unique sample from 23 frontier markets of almost 800 transactions conducted during the years 1992 to 2016, we implement both cross-sectional tests and...

Persistent link: https://www.econbiz.de/10012174722

Asset Liquidity and Stock Liquidity : International Evidence

Charoenwong, Charlie - 2013

This study examines the relation between asset liquidity and stock liquidity across 47 countries. In support of the … valuation uncertainty hypothesis, we find that firms with greater asset liquidity on average have higher stock liquidity. More … importantly, our study shows that asset liquidity plays a more significant role in resolving valuation uncertainty in countries …

Persistent link: https://www.econbiz.de/10013071686