Essays about: "Bid characteristics"

Showing result 1 - 5 of 28 essays containing the words Bid characteristics.

  1. 1. The Relationship Between Beta and Arbitrage Spread in M&A Deals

    University essay from Göteborgs universitet/Graduate School

    Author : Daniel Granat; William Fredriksson; [2023-06-29]
    Keywords : ;

    Abstract : Risk arbitrage is an event-driven investment strategy where the risk arbitrageur aims to capture the arbitrage spread between the target’s stock price and the bid price by the acquiring firm in a merger and acquisition (M&A) deal. Previous research suggests that specific risks connected to the deal as completion or duration risks, as well as firm and bid characteristics, influence the arbitrage spread. READ MORE

  2. 2. Stock or Cash? Explaining the Payment Method Choice of M&As and the Effect on Performance on the European Developed Markets

    University essay from Göteborgs universitet/Graduate School

    Author : gustav kollberg; john skantze; [2022-06-29]
    Keywords : Payment Method; Stock Bid; Cash Bid; Determinants of the Payment Method; Cumulative Abnormal Return; Opportunistic Behaviour; Rational Payment Design; M A; Information Asymmetry; Adverse Selection;

    Abstract : We investigate what factors determine the choice of the payment method when choosing between payment of stocks or cash during an acquisition or merger. Furthermore, we examine how that choice of payment method affects the bidder’s performance in the short term by examining the changes in the cumulative abnormal return. READ MORE

  3. 3. Predicting Liquidity In The Cryptocurrency Market: Testing The Invariance Theory On A New Market Structure And Asset Class

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Charles Gyllhamn; Jacob Winberg; [2022]
    Keywords : Market microstructure; invariance; bid-ask spread; liquidity; Cryptocurrencies;

    Abstract : By integrating dimensional analysis and principles of market microstructure invariance, this study documents a nearly invariant relationship between relative bid-ask spreads and illiquidity for the cryptocurrency market. The relationship is found by studying cryptocurrency trading data in two dimensions; Along a time series dimension, where data is aggregated on a daily level, and along an intraday dimension, where variables are aggregated at five-minute intervals across all trading days. READ MORE

  4. 4. The Nigerian Alternative Online Media and Political Misinformation: News producers’ perspective on the defining characteristics, tensions and mitigation strategies

    University essay from Lunds universitet/Medie- och kommunikationsvetenskap; Lunds universitet/Institutionen för kommunikation och medier

    Author : Bolaji Omotayo Daramola; [2022]
    Keywords : Afrikology; Nigerian Alternative Online Media; Political Misinformation; News Production Studies; African Digital Journalism; Fake News; Nigerian digital public sphere; Social Sciences;

    Abstract : This thesis investigates the characteristics of the Nigerian alternative online media as an effective tool for political discourse with the intent to influence governance despite claims that the form of media is awash with political misinformation - which is mostly termed “fake news” in the local parlance. This thesis takes an Afrikology stance in defining the role of the Nigerian alternative online media as a digital public sphere placing the people’s lived and cultural experiences at the centre of the discourse from the content producer’s perspective. READ MORE

  5. 5. Monte-Carlo Based Pricing of American Options Using Known Characteristics of the Expected Continuation Value Function

    University essay from Lunds universitet/Matematisk statistik

    Author : Olle Ottander; Fredrik Lindstedt; [2022]
    Keywords : Option; American Option; Monte-Carlo; Least-Square; Black-Scholes; Merton; Finite Moment Log Stable; FMLS; Heston; Expected Continuation Value; Mathematics and Statistics;

    Abstract : The problem of pricing American stock options is far more complex than pricing European options due to the possibility of early execution. This feature means that the decision to either hold on to the option or exercising it early must be continually evaluated, leading to closed form solutions such as the Black-Scholes Formula to not be applicable on American options written on dividend paying assets. READ MORE