Event studies examine stock price movements around corporate events. These events can
be voluntary firm announcements (eg, new product introduction, alliance formation, channel …

Published in 1997, this text focuses on the conundrum between the academics ability to
distinguish between failing and non-failing businesses with models of over 85.5 per cent …

Within just four years, the blockchain-based Decentralized Finance (DeFi) ecosystem has
accumulated a peak total value locked (TVL) of more than 253 billion USD. This surge in …

Stock exchange and interest rate are two crucial factors of economic growth of a country.
The impacts of interest rate on stock exchange provide important implications for monitory …

A number of recent studies have found a link between movements in crude oil prices and
equity values. However, the literature concentrates almost exclusively on North American …

This study examines a comprehensive data set of large domestic takeovers by UK listed
companies between 1984 and 1992. The contribution of this paper is to show, by using a …

Recent theoretical developments relating to investment under uncertainty have highlighted
the importance of irreversibility for the timing of investment expenditures and their expected …

This paper examines the magnitude and the sources of the expected shareholder gains in
UK public to private transactions (PTPs) in the second wave from 1997 to 2003. Pre …

BACKGROUND Income smoothing can result from either natural smoothing or intentional
smoothing. Natural smoothing implies that the income process inherently produces a …

This study extends the literature on the information content of stock message boards. To
better understand the effect of online postings on trading activities and reduce the error due …