- We will send in 10–14 business days.
/images/books/13167074/9783631622490.jpg)
- Author: Malte Raudszus
- Publisher: Peter Lang D
- ISBN-10: 363162249X
- ISBN-13: 9783631622490
- Format: 14.8 x 21 x 1.3 cm, kieti viršeliai
- Language: English
- SAVE -10% with code: EXTRA
Financial Return Risk and the Effect on Shareholder Wealth; How M&A Announcements and Banking Crisis Events Affect Stock Mean Returns and Stock Return Risk- A Compendium of Five Empirical Studies across Selective Industries (e-book) (used book) | bookbook.eu
Reviews
Description
This dissertation comprises five studies analyzing daily stock returns of listed firms. Studies one and two shed light on corporate diversification through M&A and how related risk dynamics affect shareholder wealth. Carrying over the risk analysis methodology 'GARCH' to external events in studies three and four, the author individually scrutinizes the adverse implications of bank failures and bailouts in the 2007-2009 financial crisis. Finding opposing return shocks, he identifies the limits of the 'symmetric' GARCH. As observed of the behavior of stock return data, volatility reacts asymmetrically to positive and negative return shocks. The advanced EGARCH incorporates this so called 'leverage effect'. Applying the EGARCH in his final study, the author can simultaneously scrutinize the adverse bank events with an appropriate econometric foundation.
EXTRA 10 % discount with code: EXTRA
The promotion ends in 22d.15:55:53
The discount code is valid when purchasing from 10 €. Discounts do not stack.
- Author: Malte Raudszus
- Publisher: Peter Lang D
- ISBN-10: 363162249X
- ISBN-13: 9783631622490
- Format: 14.8 x 21 x 1.3 cm, kieti viršeliai
- Language: English English
This dissertation comprises five studies analyzing daily stock returns of listed firms. Studies one and two shed light on corporate diversification through M&A and how related risk dynamics affect shareholder wealth. Carrying over the risk analysis methodology 'GARCH' to external events in studies three and four, the author individually scrutinizes the adverse implications of bank failures and bailouts in the 2007-2009 financial crisis. Finding opposing return shocks, he identifies the limits of the 'symmetric' GARCH. As observed of the behavior of stock return data, volatility reacts asymmetrically to positive and negative return shocks. The advanced EGARCH incorporates this so called 'leverage effect'. Applying the EGARCH in his final study, the author can simultaneously scrutinize the adverse bank events with an appropriate econometric foundation.
Reviews