Essays about: "Cumulative Abnormal Return"

Showing result 16 - 20 of 109 essays containing the words Cumulative Abnormal Return.

1. 16. The Performance of Serial Acquirers : Evidence from the Nordic market

   University essay from Uppsala universitet/Företagsekonomiska institutionen

   Author : Mattias Gionis; Jesper Stugemo; [2022]
   Keywords : mergers and acquisitions; Serial acquirers; short term and long term performance; hubris hypothesis; learning hypothesis; payment method;

   Abstract : This thesis examines the performance of serial acquirers in the Nordic market between 2006-2016. We investigate how serial acquirers perform in the short-term and long-term and if serial acquirers are affected by hubris, or if they learn by experience. READ MORE

3. 17. The Cushion-Effect of ESG: Evidence from domestic and cross-border deals between 2008 and 2020

   University essay from Lunds universitet/Företagsekonomiska institutionen

   Author : Tim Wasik; Filip Bolling; [2022]
   Keywords : Mergers and Acquisitions; ESG; CSR; Cross-border; Cumulative abnormal return.; Business and Economics;

   Abstract : Purpose: This study investigates the short-term return around the announcement of domestic and cross-border M&A deals, completed by US firms between 2008 and 2020 and how they are affected by the acquiring firm's CSR performance. Methodology: An event study is conducted to establish the short-term return, using the market model to calculate the cumulative abnormal return (CAR) in relation to a market index. READ MORE

4. 18. SPAC merger vs traditional IPO

   University essay from Lunds universitet/Nationalekonomiska institutionen

   Author : Philip Kellerman; [2022]
   Keywords : SPAC; Event Study; Abnormal Returns; CAR; BHAR; Business and Economics;

   Abstract : Special Purpose Acquisition Companies are surging in popularity as a way for companies to go public. As half of the initial public offerings on US stock exchanges were SPACs in 2021 there seems to be no indication of SPACs slowing down. READ MORE

5. 19. Does size matter? Analysis of stock price reaction to green bonds announcements

   University essay from

   Author : Yasmine Ben Rouha; Khaled Khouja; [2021-07-13]
   Keywords : Green Bonds; Sustainability; Efficient Market Hypothesis; Signaling Theory; Abnormal Return; Cumulative Abnormal Return; Amount Issued;

   Abstract : The recent large growth in the green bond market has been shown in previous studies to yield abnormal returns as the market value of the stock reacts to the announcement of green bond issuance. This study uses a sample of 90 observations, of which 61 are from the Swedish market and the remaining 29 from the American market. READ MORE

6. 20. Wealth effects associated with spin-offs: Empirical evidence from the Nordics

   University essay from Göteborgs universitet/Graduate School

   Author : Robin Abrahamsson; Gustav Berneblad; [2021-06-30]
   Keywords : Spin-offs; wealth effects; cumulative average abnormal return; announcement date; long-run performance; ; efficient market hypothesis;

   Abstract : This study focuses on the abnormal returns associated with spin-offs in the Nordics. The sample consists of 84 completed spin-offs between 2000 and 2020. Similar to the vast majority of previous studies, a significant three-day cumulative average abnormal return around the announcement date is documented, showing abnormal returns of 3.03%. READ MORE