Acquisition announcements and stock market valuations of acquiring firms’ alliance partners: A transaction cost perspective

2020 ◽  
Vol 118 ◽  
pp. 129-140
Author(s):  
JaSeung Koo ◽  
Junichi Yamanoi ◽  
Tomoaki Sakano
Keyword(s):  
Stock Market ◽  
Transaction Cost ◽  
Acquiring Firms ◽  
Alliance Partners ◽  
Acquisition Announcements ◽  
Stock Market Valuations ◽  
Market Valuations

scholarly journals HOW DO THE ECB MEETINGS AFFECT THE STOCK VALUATIONS OF FOUR IBEX35 BANKS?

2021 ◽  
Vol 9 (3) ◽  
pp. 308-314
Author(s):  
Samer Ajour El Zain ◽  
Albert Montero ◽  
Reza Gheshmi ◽  
Cristina Tomas Perez
Keyword(s):  
Stock Market ◽  
Central Bank ◽  
European Central Bank ◽  
Data Sets ◽  
Important Data ◽  
European Central ◽  
Stock Market Valuations ◽  
Market Valuations ◽  
The Relationship ◽  
Correlation Table

Purpose: Analyze the data and draw there were any relevant conclusions between the meetings of the central bank and the movements of the banking corporations in the stock market. Methodology: To carry out this study, it was necessary to obtain two extremely important data sets (exact dates of the ECB meetings, stock market valuations of the four banking entities understudy). Both were obtained by searching on specialized websites. Then a comparison of the variations, a correlation table, which will allow us to mathematically affirm whether there is a linear relationship and proportionality between the variations of the banks or not, were analyzed. Main Findings: The results obtained indicate that such influence on the part of the European Central Bank on the financial entities listed on the IBEX35 does not exist, since the variations between bank shares are random and maybe would be better explained by other hypotheses or inputs. Application of Study: This work discards the hypothesis proposed by the student, although it manages to find other interesting relationships between banks because of the correlation analysis carried out in the analysis part of the work. Novelty/Originality: Establish the relationship between the meetings of the central bank and the movements of the banking corporations in the stock market.

Partisan Shocks and Financial Markets: Evidence from Close National Elections

2020 ◽  
Vol 12 (4) ◽  
pp. 224-252
Author(s):  
Daniele Girardi
Keyword(s):  
Stock Market ◽  
Developing Economies ◽  
Bond Markets ◽  
Left Wing ◽  
National Elections ◽  
Market Effects ◽  
Sovereign Bond ◽  
Stock Market Valuations ◽  
Market Valuations ◽  
Sovereign Bond Markets

This paper estimates the effect of partisan electoral victories on stock and bond markets. We employ a regression-discontinuity-based event study in a sample of 758 worldwide post-1945 national elections, using existing data on parliamentary elections and newly collected data on presidential elections. Left-wing electoral victories cause significant and substantial short-term decreases in stock market valuations, while the response of sovereign bond markets is mostly muted. Stock market effects are stronger and more persistent in elections in which the left’s proposed economic policy is more radical and in developing economies. (JEL D72, G14, N20, N40, O16, O17)

What became of the New Economy?

2001 ◽  
Vol 177 ◽  
pp. 56-69 ◽  
Author(s):  
John Kay
Keyword(s):  
Stock Market ◽  
Competitive Advantage ◽  
New Economy ◽  
Business Success ◽  
The Past ◽  
Economic Statistics ◽  
Stock Market Valuations ◽  
Market Valuations ◽  
Macroeconomic Management ◽  
Made In

Over the past five years, there have been widespread claims — not only that there is a ‘new economy’ but that a new economy requires new economics. This article reviews the claims of this kind which have been made in three principal areas — in the measurement of economic statistics and in macroeconomic management, in company and stock market valuations, and in the nature of competitive advantage and the origins of business success. In each of these areas, it finds little basis for believing that revolutionary, rather than evolutionary, change is required. Indeed the application of well established economic principles and concepts might have saved investors, commentators, and those whose job it is to manage the economy, from costly mistakes

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