|
Market reaction to large bank merger announcements in oligopolies
|
Abstract
This paper evaluates the individual and rival stock price reactions to large bank merger announcements and subsequent regulatory rejection in an oligopoly. The results show that the announcements produce significant positive abnormal returns for the merger candidates. Regulatory obstacles and denial of the proposed mergers produce significant negative returns. Analysis of the rivals' reactions doesn't produce consistent significant results. This suggests that the market react...
Related newspaper, magazine, and journal articles from HighBeam Research
|
Neurocomputational mechanisms of reinforcement-guided learning in humans: A review
Cognitive, Affective and Behavioral Neuroscience
; Adapting decision making according to dynamic and probabilistic changes in action-reward contingencies is critical for survival in a competitive and resource-limited world. Much research has focused on elucidating the neural systems and computations that underlie how the brain identifies whether
|
|
An examination of hypotheses concerning earnings forecast errors.
Quarterly Journal of Business and Economics
; ... research also tests an interactive effect. The quarter the forecast is made (as proxy for the amount of unanticipated economic news) may influence the effect of the hypothesized variable on the forecast error.(7) The first hypothesis examines whether the debt ...
|
|
|
Market reaction to large bank merger announcements in oligopolies
Journal of Economics and Finance
; ... Events In analyzing the investors' reaction to these events, the paper assumes that the information released on each event day is news. That is, it is a secret and is not leaked to the market. Therefore, the prediction errors reflect the investors' reactions to ...
|
|
Why behaviorism, to survive and triumph, must abandon its very name: An open letter
Behavior and Social Issues
; ... modulate or change behavior (e.g. whether you sulk in your dugout or cavort in your clubhouse with champagne). Because dopamine maps to as-if prediction errors, it essentially can influence behavior due to virtual as well as real events. The ability to feel ...
|
|
|
Extreme negative information and the market adjustment process: the case of corporate bankruptcy.
Quarterly Journal of Business and Economics
; ... sensitivity of the findings to potential bad news announcements made during the estimation ... disclosures that are interpreted as good news, prediction errors for the 19 sample firms where no Wall Street Journal news article appear for the three day postannouncement ...
|
|
Vertical correlation functions for temperature and relative humidity errors
Monthly Weather Review
; ABSTRACT This article gives the details and results of an investigation into the properties of the temperature and relative humidity errors from the Navy Operational Global Atmospheric Prediction System for a 4-month period from March to June 1998. The spatial covariance data for temperature errors
|
|
|
Plant closings for financially weak and financially strong firms.
Quarterly Journal of Business and Economics
; ... greater for firms that cannot afford more bad news, i.e., firms that are already in unfavorable ... announcement effects of one type of bad news for firms in unfavorable financial condition ... announcement effect of a different type of bad news: plant closings. It examines the broader ...
|
|
ERROR PROPAGATION IN A FOREST SUCCESSION MODEL: THE ROLE OF FINE-SCALE HETEROGENEITY IN LIGHT.(Statistical Data Included)
Ecology
; ... development: early, middle, and late succession. Maps containing the exact location, species ... Further analyses were performed on the maps of the simulated forest output at years ... and 1000. Data collected from these three maps represented repeated censusing of a single ...
|
|
Optimizing overlay sampling for higher yields.
Semiconductor International
; Shrinking design rules and increasing process complexity have imposed tighter tolerance on overlay control. As a result, accurate characterization and effective reduction of the variation components of overlay errors, especially spatial variation across a wafer, become essential to achieving
|
|
Accounting for Pregnancy Diagnosis in Predicting Days Open
Journal of Dairy Science
; ABSTRACT The system for estimating days open for cows with no subsequent lactation was examined to determine if estimates should vary depending on pregnancy diagnosis. Pregnancy diagnosis information was unavailable when the original prediction system was developed, but collection was begun in
|