Essays about: "Abnormal Liquidity"
Showing result 1 - 5 of 28 essays containing the words Abnormal Liquidity.
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1. Payment Method and Public Acquiror Returns: Evidence from the U.S. Market for Corporate Control
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : This thesis examines the relationship between method of payment, financial stress, and acquiror abnormal returns using a sample of 676 acquisitions by NYSE, NYSE American, and Nasdaq listed non-financial, non-utility firms. In normal market conditions the results are generally consistent with previous findings, with stock acquisitions of private targets generating the highest abnormal returns. READ MORE
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2. The Effects of qualitative Attributes of Sustainability Reports on Investors Trading Behavior
University essay from Göteborgs universitet/Graduate SchoolAbstract : The importance of adopting sustainable measures in running businesses under different sectors is becoming more important. Many companies care more about sustainability these days, while they were considering only their financial goals previously. Companies become aware of their social and environmental impacts and responsibilities. READ MORE
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3. Stock price reactions to analysts’ recommendations. Do analysts make a valuable contribution to price discovery?
University essay from Lunds universitet/Nationalekonomiska institutionenAbstract : The aim of this thesis was to investigate if stock recommendations published by financial analysts make a valuable contribution to price discovery on the Swedish stock market. This was achieved by examining the abnormal returns for two time windows, the surrounding days of published recommendations and the next two weeks after publication. READ MORE
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4. The Impact of Coverage Initiations: Do Swedish Small Cap Firms Benefit From Analyst Coverage?
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : This study analyzes the value impact of coverage initiations on Swedish small cap firms by looking at stock price reactions and change in liquidity for firms where a commission-based analyst coverage is initiated during the period 2015-2019. The study is a partial replication and extension of Dhiensiri and Sayrak's (2010) paper ''The Value Impact of Analyst Coverage'' and has been performed using an event study methodology, including ordinary least square regressions, to calculate normal returns and estimate abnormal returns during a period around the publication of the coverage initiation. READ MORE
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5. An Analysis of M&A Activity in the European SME Market and Value Drivers of Post-Merger Performance
University essay from Lunds universitet/Nationalekonomiska institutionenAbstract : Abstract This thesis investigates the impacts pre-merger characteristics play in long-term post-merger performance from a sample of small and medium sized enterprises whom conducted M&A activity within the European Union between the time period of 2011-2013. Using data collected, a quantitative analysis was performed to measure the impact of six separate factors on post-merger performance analyzing the abnormal ROA through the inclusion of pre-merger performance as a control variable. READ MORE
