| Author: | Copeland, T.E. Lee, W.H. |
| Title: | Exchange offers and stock swaps - new evidence |
| Journal: | Financial Management
1991 : AUTUMN, VOL. 20:3, p. 34-48 |
| Index terms: | CASH FLOW SHARES GEARING |
| Language: | eng |
| Abstract: | A comparison of 6 explanations for exchange offers and swaps. Tax-savings, free cash flow, dynamic capital structure and signalling hypotheses. Daily rates of return. Times series tests of changes in systematic risk. Insider trading prior to the announcement. Cross-sectional explanations. 11 Exhibits illustrate the study. |
SCIMA