Essays about: "Investor reactions"

Showing result 11 - 15 of 15 essays containing the words Investor reactions.

1. 11. The relationship between media coverage and post-earnings announcement drift

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Johanna Edebert; Terese Ray; [2016]
   Keywords : Post-earnings announcement drift; Media; Limited investor attention;

   Abstract : We investigate empirically if there is a connection between media coverage and post- earnings announcement drift. We test and find support for both our hypotheses; media coverage is positively associated with both earnings surprises and the drift following earnings announcements. READ MORE

3. 12. Private placements and investor involvement

   University essay from Lunds universitet/Företagsekonomiska institutionen

   Author : Camilla Into; Magdalena Treyer; [2015]
   Keywords : Private placement; short-term abnormal return; discount; information asymmetry; information hypothesis; agency theory; monitoring hypothesis; managerial entrenchment hypothesis; Business and Economics;

   Abstract : The purpose of this study is to investigate if there is a difference in the short-term announcement effects of equity private placements depending on the relationship of the investor with the issuing firms in terms of information asymmetry and agency conflicts. An event study is conducted to study if there are abnormal returns. READ MORE

4. 13. Share repurchase announcements and abnormal returns for Swedish listed real estate companies

   University essay from KTH/Bygg- och fastighetsekonomi

   Author : Lars Axelsson; Philip Brissman; [2011]
   Keywords : Real Estate; Share repurchase; Signalling; Underreaction; Jensen’s alpha; Event study; Efficient Market; Principal-Agent; Modigliani-Miller; Swedish listed real estate companies;

   Abstract : Asymmetric information in the management-investor relationship implies that the management’s actions will give signals to investors. According to the signalling hypothesis, an announcement of a share repurchase program is interpreted by investors that the management is putting its money where its mouth is, i.e. READ MORE

5. 14. Asymmetric Information and Investor Reactions to SEOs: An Empirical Study of the Swedish Stock Market

   University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

   Author : Alexander Engel; Tom Thambert; [2010]
   Keywords : Seasoned Equity Offering; Asymmetric Information; Growth Opportunities;

   Abstract : We test to see if prior stock return and measures of growth opportunities can explain abnormal returns of firms announcing a seasoned equity offering, as indicated by theories of asymmetric information. Announcing the SEO in connection with an acquisition is found to have a significant positive impact on announcement day returns. READ MORE

6. 15. Firm’s Financial Health and its Impact on SEO Announcement Effects

   University essay from Lunds universitet/Nationalekonomiska institutionen

   Author : Tamar Bezhanishvili; Sara Henderson; [2009]
   Keywords : Altman’s Z-score; announcement effects; Economics; econometrics; economic theory; economic systems; economic policy; Nationalekonomi; ekonometri; ekonomisk teori; ekonomiska system; ekonomisk politik; Business and Economics;

   Abstract : This paper examines the influence of investors’ beliefs about a firm’s financial health on the size of announcement effects of seasoned equity offerings. Altman’s Z-score for non-manufacturing firms is used as a quantitative measure for company health, and abnormal returns are calculated using event study methodology. READ MORE