Webb1 maj 2007 · Request PDF The PIN anomaly around M&A announcements The probability of information-based trading (PIN) introduced by Easley and O’Hara (1987) … Webb30 mars 2012 · It was also found that all four spread measures are significantly linked to acquiring firms’ post‐merger daily returns., – Further study can be done on mechanisms through which M&A characteristics impact trading costs., – This study suggests that M&A characteristics affect firms’ spreads and that changes in spreads need to be accounted …
The PIN anomaly around M&A announcements - EconBiz
Webb"The PIN anomaly around M&A announcements," LIDAM Reprints CORE 1965, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE). Boubakri, Narjess & El Ghoul, Sadok & Saffar, Walid, 2014. "Political rights and equity pricing," Journal of Corporate Finance, Elsevier, vol. 27(C), pages 326-344. WebbTo study the trading strategies of institutional investors around M&A deals, we analyze a sample of 7,184 M&A announcements from 1990 through 2015. Our main results show that 1As noted by Jensen and Ruback (1983), Holmstr om and Kaplan (2001), Betton, Eckbo, and Thorburn (2008), and many others, M&A deals are among the main events of … highscope approach early years
The PIN anomaly around M&A announcements - infona.pl
Webb1 nov. 2024 · The PIN anomaly around M&a announcements. Journal of Financial Markets (2007) Aitken M. et al. Execution costs associated with institutional trades on the Australian Stock Exchange. Pacific-Basin Finance Journal (1996) Amihud Y. et al. Liquidity and stock returns. Financial Analysts Journal Webb"The PIN anomaly around M&A announcements," Journal of Financial Markets, Elsevier, vol. 10(2), pages 169-191, May. AKTAS, Nihat & DE BODT, Eric & DECLERCK, Fany & VAN OPPENS, Hervé, 2007. "The PIN anomaly around M&A announcements," LIDAM Reprints CORE 1965, Université catholique de Louvain, Center for Operations Research and … Webb1 juli 2012 · The probability of information-based trading (PIN) is a measure of the information asymmetry between informed and uninformed trades that builds on the theoretical work of Easley and O’Hara, 1987, Easley and O’Hara, 1992. The original PIN model was introduced by Easley et al. (1996). Since then, various empirical papers have … highster mobile phone tracker