Diese Studie analysiert die Spielergebnisse von 12 kontinentalen Fußballmeisterschaften (Europa-, Asien- und Südamerikameisterschaft) zwischen 1998 und 2012 und deren Auswirkungen auf die Aktienmärkte der teilnehmenden Länder. Im Ergebnis zeigen sich bemerkenswert gleichartige Reaktionen...

This review provides a comprehensive analysis of the literature on bank mergers and acquisitions with an emphasis on the last decade. The study identifies and analyzes more than 135 publications focusing on this subject. The publications are grouped along their regional focus and the three main...

We analyze the shareholder wealth implications of the financial sector consolidation in the Asia-Pacific region between 1995 and 2013. The results suggest that market power consideration play a prominent role when capital market participants value M&As between Asian financial institutions. Asian...

CDS spreads contain information about expected credit risk, but how accurate is this information when uncertainty about credit risk arises? We document that CDS spreads of firms on negative credit watch (review for downgrade) change systematically into the direction implied by the ex-ante...