Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 20 of 89 for “"Market reaction"”.
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Market Reaction to Corporate Social Performance
This dissertation investigated the general issue of investors' use of data on corporate social performance. The problem addressed was, do investors, in their role in forming security prices, use data on social performance in their investment decisions? To address this question, two basic approaches …
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Silence in Market Reaction to Annual Reports
… problem - The literature suggests that the market either does not react or reacts with a delay to the content of annual reports, concerning notion given their importance for investment decisions due to the value relevance of the information they convey. According to the Efficient Market …
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Saudi Stock Market reaction to Different Major Events
… study analyses to investigate participants’ reactions to nine different, important events impacting the Saudi Arabian stock market. It analyzes the dynamics of security prices in the Saudi Arabian stock market during the first five days surrounding the event dates. I tested the significance …
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Bank Efficiency Dynamics and Market Reaction around Merger Announcement
… profit efficiency dynamics and the short-run market reaction of nine pre-classified merger deals of merging and non-merging U.S. banks over the time period from 1992 to 2003. Our main results are as follows: First, merger deals that match least efficient acquirers with the least efficient …
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Canadian market reaction to dividend omission and resumption announcements
This study examines share price reaction and changes in beta and trading activity surrounding announcements of dividend omissions and resumptions made by Canadian corporations. Significant negative abnormal returns are identified for a three-day announcement period. No significant shift in beta is …
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Board structure and market reaction to corporate divestiture decisions
… investigated. This study examines the market reaction to divestiture decisions characterized by spin-offs and equity carve-outs. It further moves to analyze the determinants of such reaction by focusing on firm specific variables, as well as those characterized by the board structure of …
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Stock Market Reaction to Managements' Earnings-Per-Share Forecasts
Made available in DSpace on 2014-12-14T13:33:58Z (GMT). No. of bitstreams: 1 7709172.pdf: 3952248 bytes, checksum: 2a7ceea52c2e1823639e27f4fac193e4 (MD5) Previous issue date: 1976
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Market Reaction to the Class Action Fairness Act of 2005
… examine which side of the debate is reflected in market reactions to various events that either enhanced or reduced the chances of the passage of CAFA. We identify the firms that are most likely to be affected by CAFA and find that the overall market reaction for these firms is positive when the …
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An empirical study of equity repurchase decisions and market reaction
… behind corporate equity repurchases in the open market, via private repurchase, or through self tender offer. The hypotheses concerning motivations for stock repurchases investigated in this dissertation include (1) signalling undervaluation of stock prices; (2) free cash flows; and (3) …
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Implications of Sticky Cost Behavior for Earnings Surprise and Market Reaction
… sticky stickiness. Similarly, investors' under-reaction to sticky cost information relates to post-earnings announcement drifts. As a result, positive abnormal returns can be earned by a trading strategy that takes advantage of investors' lower awareness of sticky cost information.
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The short-term market reaction to U.S. bank M&As
This study examines the short-term shareholder wealth effects to U.S. bank mergers and acquisitions (M&As) that were announced and completed between 1989 and 2004. Using various event windows, the cumulative abnormal returns (CARs) to target firms are positive, bidder firm abnormal returns are …
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Commodity futures market reaction to anticipated public reports: Frozen pork bellies
This study investigates the reaction of the frozen pork bellies futures market to the release of inventory information. Knight-Ridder releases their analysts' forecasts of the USDA estimate two days prior to the estimate provided by the USDA. A rational expectations model is developed to study how …
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The Equity Market Reaction to Corporate Climate Action Bond Issue Announcements
… on SDG 13: Climate action, to investigate the market reaction to a global sample of 276 corporate climate action bond issue announcements between the inception of the green bond market in 2007 and 2022. Firstly, an event study is conducted to assess the equity market's reaction to corporate …
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Market reaction to announcements of dividend increases : is it weakening with time?
This study examines the market’s reaction to announcements of dividend increases. In particular, it considers the factors that affect the magnitude of abnormal returns during the days that surround announcements of dividend increases. The objective is to find whether the market reaction to dividend …
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Dividend policy and the stock market reaction to dividend announcements in Pakistan
… of why companies pay dividends and whether the market response to the announcements can be predicted. However, these endeavours have failed to achieve unanimity on either issue. Moreover, most of these studies have been conducted in countries with developed markets; relatively little research …
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Market reaction to announcements of rights offerings using daily and intraday data
… and intraday trade and quote data to examine the market reaction to announcements of 95 rights offerings of Canadian firms listed on the TSE over the period 1987-1994. In a rights offering, existing shareholders are offered rights entitling them to buy new shares usually at a discount from the …
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Disclosure Timing of Accounting Information and Stock Market Reaction Under Asymmetric Information
… a new aspect of timely reporting in a capital market where there is information asymmetry about firm quality between investors and managers. Timely reporting can be valuable to managers in that it can be used as a signal of firm quality. The study also offers a theoretical model which suggests …
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The South African Stock Market Reaction to Mergers and Acquisitions Transaction Attempts
This study investigates the reaction of the South African stock market to M&A transaction attempts. The aim is to understand, better, how unsuccessful M&A transactions are priced in a less-competitive market. By using a South African M&A dataset for companies listed on the JSE between 1997 and …
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