000 02471nam a22004215i 4500
001 978-3-8349-9814-9
003 DE-He213
005 20161121231008.0
007 cr nn 008mamaa
008 100301s2008 gw | s |||| 0|eng d
020 _a9783834998149
_9978-3-8349-9814-9
024 7 _a10.1007/978-3-8349-9814-9
_2doi
050 4 _aHJ9-9940
072 7 _aKFFD
_2bicssc
072 7 _aBUS051000
_2bisacsh
082 0 4 _a336
_223
100 1 _aFunke, Christian.
_eauthor.
245 1 0 _aSelected Essays in Empirical Asset Pricing
_h[electronic resource] :
_bInformation Incorporation at the Single-Firm, Industry, and Cross-Industry Level /
_cby Christian Funke.
264 1 _aWiesbaden :
_bGabler,
_c2008.
300 _aXVII, 109 p.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
505 0 _aInformation Signaling and Competitive Effects of M&A: Long-Term Performance of Rival Companies -- Predictability of Industry Returns After M&A Announcements -- Predictability of Supplier Returns After Large Customer Price Changes -- Conclusion.
520 _aFinancial researchers extensively discuss the efficiency of capital markets and the existence of possible misreactions in the information incorporation process. Christian Funke aims at developing a better understanding of a central asset pricing issue: the stock price discovery process in capital markets. He provides new evidence on the information incorporation process at the single-firm, industry, and cross-industry level. In three essays that display original empirical research using U.S. capital market data, he investigates the importance of mergers and acquisitions (M&A) for stock prices and examines economic links between customers and supplier firms. Return predictability at the single-firm, industry, and cross-industry level are documented which support the view of behavioral finance researchers that capital markets are not perfectly efficient.
650 0 _aFinance.
650 0 _aPublic finance.
650 1 4 _aEconomics.
650 2 4 _aPublic Economics.
650 2 4 _aFinance, general.
710 2 _aSpringerLink (Online service)
773 0 _tSpringer eBooks
776 0 8 _iPrinted edition:
_z9783834911421
856 4 0 _uhttp://dx.doi.org/10.1007/978-3-8349-9814-9
912 _aZDB-2-SBE
950 _aBusiness and Economics (Springer-11643)
999 _c507007
_d507007