We study the firm value determinants for domestic acquisitions within BRICS countries considering both acquirer and target shareholders. Targets earn significant positive announcement returns of 1.45 percent on average. Acquirers lose slightly. We employ a comprehensive set of explanatory...

This paper contributes to the equity premium prediction literature by studying the performance of rarely not researched predictors. To do so, we analyze the ability of state-of-the-art liquidity and uncertainty predictors to beat the historical average when forecasting the monthly U.S. equity...

We study share repurchase announcements for nine European countries between 2000 to 2017. In contrast to previous studies, we address the role of market uncertainty as a market-based determinant of positive average abnormal announcement returns, while including governance, liquidity risk and...

The degree of integration between energy and stock markets is critical for the diversification and risk management decisions of global corporations and investors alike. We investigate the integration relation between ten major Asian stock markets and a diversified energy portfolio that comprises...