Strategic Disclosure of Disruptions and Firm Stock Performance – An Event Study

2021 ◽  
Vol 2021 (1) ◽  
pp. 12023
Author(s):  
Tony N.K. Lynch ◽  
William Luse ◽  
Joo Jung
Author(s):  
Matiur Rahman ◽  
Daryl V. Burckel ◽  
Muhammad Mustafa

<span style="font-size: 10pt;"><span style="font-family: Times New Roman;"><p class="MsoNormalCxSpFirst" style="text-align: justify; margin: 0in 0.5in 0pt; mso-add-space: auto;"><span style="font-size: 10pt;">This paper studies the effects of earnings restatements of selected ten U. S. companies by implementing the event study methodology. The effects are asymmetric across these companies as they are heterogenous in terms of industry classifications. The effects are also conditional upon the fraud and coming-out-clean perceptions about them. Additionally, the effects are dependent on the demand prospects for their products and services. </span></p></span></span>


2011 ◽  
Vol 20 (8) ◽  
pp. 485-497 ◽  
Author(s):  
Denise M. Keele ◽  
Susan DeHart

Author(s):  
Gerhard J. Barone ◽  
Kevin E. Henrickson ◽  
Annie Voy

In response to increasing fuel costs, airlines began introducing baggage fees as a new source of revenue, fees which have since been increased. In this study, an event study methodology is used to examine the impact of these announcements on airline stock prices. The results indicate that the initial announcements led to negative abnormal returns for the announcing firm and other competing airlines, as they were interpreted as a sign of industry weakness. However, the results also show that subsequent increases in baggage fees, which had been shown to positively impact the airline’s financial performance, are associated with positive abnormal returns.


2010 ◽  
pp. 33-36
Author(s):  
Leszek Czerwonka
Keyword(s):  

Przedsiębiorstwa jako drogę wzrostu często wybierają transakcje połączeń z innymi podmiotami rynkowymi. Transakcje te wpływają na przyszłe zyski przedsiębiorstw, a przez to na cenę spółek. Celem opracowania jest analiza wpływu transakcji połączeń na wartość spółek przejmujących, notowanych na warszawskiej Giełdzie Papierów Wartościowych, w okresie 3 lat po ogłoszeniu transakcji. Badania dokonano metodą analizy zdarzeń (event study), w ramach której dokonano oceny wpływu ogłoszenia fuzji na nadzwyczajne stopy zwrotu z akcji BHAR. (abstrakt oryginalny)


2015 ◽  
pp. 89-110 ◽  
Author(s):  
Thuy Nguyen Thu ◽  
Giang Dao Thi Thu ◽  
Hoang Truong Huy

This paper examines the abnormal returns in merger withdrawals in Australia, especially distinguishing the market response between private and public targets. We also study the determinants of those abnormal returns, including the method of payment and the impact of financial crisis periods. Using the event study method, we document that in the Australian context, the announced withdrawal of mergers involving private targets creates significantly negative valuation effects in comparison with the valuation effects in withdrawal of mergers involving public targets. We also find that a financial crisis period strongly affects abnormal returns of merger withdrawals. However, the method of payment does not have any impact on the abnormal returns.


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