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.
Results
Showing 1 to 20 of 59 for “"event study methodology"”.
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The shareholder-wealth and trading volume effects of information technology infrastructure investments in a developing country
… this thesis, in a replication of a recent US study, poses the research question: Do South African stock market investors perceive significant value in IT infrastructure investments? The event study methodology was identified as an innovative method to answer this question. Application of the …
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Tort Liability Standards and the Firm's Response to Regulation
… firms. Increasingly, financial models using an event study methodology are used to measure the effects of regulation on firm value.
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Essays on securities fraud class actions
… that both the efficient market requirement and event study methodology—once the core of the fraud-on-the-market theory—have evolved in securities fraud class actions. It provides the first comprehensive analysis of fraud-on-the-market cases over the past fifty years and divides this evolution …
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Leaving California: The Price Impact of Announcing a Headquarters Relocation
… on a firm's stock price. Using traditional event study methodology, I analyze over 400 move announcements from 2004-2024 to find a positive abnormal return in the short run when firms announce that they are moving their headquarters. There is a pronounced impact on stock prices for firms …
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Effect of Monetary Policy Announcements on Stock Prices in South Africa
… macroeconomic announcements. The purpose of the study is to define the extent to which the monetary policy rate announcements influence the behaviour of stock prices for firms that are listed on the Johannesburg Stock Exchange (JSE). A general conclusion from studies done in developed countries …
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An empirical investigation of economic consequences of the Tax Reform Act of 1986
… effects of the Act across industries. Event study methodology is used. A model is created which links tax law provisions, firms’ cash flows, and securities returns. Hypotheses are developed for seven industries, based upon analysis of the provisions of the Act and upon reading of …
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THE WEALTH EFFECTS OF REITS PROPERTY DISPOSITIONS
This study seeks to examine the wealth effects of U.S. REITs property dispositions from 2001 to 2009 and to assess the factors that contribute to the wealth effects. To investigate the wealth effects of REITs property dispositions, this study employs the event study methodology. It finds that …
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Are South African directors able to earn abnormal returns by trading in their companies shares?
… by trading in their companies' shares. An event study methodology was used based on the Capital Asset Pricing Model for director's trades during the period 2009 to 20 12. The results suggest sales transactions are associated with a greater market reaction than purchases. A better market …
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An Integrative Approach for Examining the Determinants of Abnormal Returns: The Cases of Internet Security Breach and Ecommerce Initiative
… in various business disciplines use the event study methodology to assess the market value of firms through capital market reaction to news in the public media about the firm's activities. Capital market reaction is assessed based on cumulative abnormal return (sum of abnormal returns …
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Examining the introduction and expiration price effect of warrants on their underlying assets: evidence from the Johannesburg Stock Exchange
… and expiration days of the warrants. The study is based on the JSE for the period 2008-2012 and employs the event study methodology. The study assesses the effects generally and for puts and calls separately. Overall, it is found that the price effect depends on the type of warrant as well …
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Investors' reaction to the recommendations of analysts published in the Financial Post "Hot Stock" column
… are available to analysts' clients. Using an event-study methodology, this paper found that statistically significant abnormal returns could be earned in Canada by following analysts' recommendations published in the Financial Post "Hot Stock" column. Tests of economic significance proved …
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The impact of sovereign credit ratings on foreign exchange rate returns in Africa
This study investigates the impact of sovereign credit ratings on foreign exchange rate returns for a sample of 27 African countries over the period 2003–2018 to examine the response of the exchange rates around the time of sovereign rating announcements. The data consist of longterm foreign …
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Mobile App Releases And Firm Value: Reconciling Conflicting Literature
… application (app) releases on firm value. Prior event studies based on mobile app announcement dates show positive abnormal returns on average, and prior event studies based on mobile app release dates show negative abnormal returns on average. These conflicting results send mixed messages on the …
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Succession events : an empirical study of succession and leadership effects on shareholders expectations of future earnings moderated by the context and content of the event
… CEO compensation--three content variables. This study also investigates whether presuccession performance is an antecedent to origin. The findings in past research have been conflicting but basically supported either one of three theories of succession that the event has either positive, negative …
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The bank of Japan’s intervention in exchange-traded funds as an effective monetary policy tool
… purchase of exchange-traded funds. This research study evaluated the impact of the Bank of Japan’s exchange-traded fund purchase programme on market returns using an event study methodology. An investigation into a sample of 33 intervention events in the Nikkei 400 exchangetraded fund and 303 …
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Outsider trading: trading on twitter sentiment
This study aims to establish if a relationship between the investor sentiment generated from social media posts, such as Tweets, and the return on securities exists. If a relationship exists, one would be able to obtain an informational advantage from public information and outperform the market on …
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Why Do Banks Participate in a FDIC Failed Bank Auction? A study on both winning and non-winning bidders’ performance
… Financial Crisis provides a great opportunity to study banking mergers, especially ones with failed targets and government assistance. In our study, we adopt multiple approaches to study two main questions. First, we are interested to learn if mergers lead to real economic synergies for combined …
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Market response to corporate loan announcements in New Zealand
… in the New Zealand context. Standard event study methodology is employed to test the share price returns of the borrowing firms in response to the corporate announcements. Based on the market model, the average two-day announcement period abnormal returns are found to be positively …
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Market Reactions to Dual-class Share Creation and Unification: Evidence from Canada
This study examines the short-term market reactions to the creation of dual-class shares and the unification of dual-class shares in Canada from 1980 to2022. Specifically, we analyze abnormal returns, trading volume, liquidity, and institutional ownership changes surrounding these two events. We …
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Value creation in evolving information industries : the effects of U.S. mergers
This study investigates two main issues: (1) to what extent the level of relatedness among targets and bidders in the information industries affect the shareholder value of the bidders, and (2) what is the performance of related versus unrelated mergers in the information industries compared to …
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