haku: @author Sepe, J. F. / yhteensä: 3
viite: 2 / 3
| Tekijä: | Statman, M. Sepe, J. F. |
| Otsikko: | Project termination announcements and the market value of the firm |
| Lehti: | Financial Management
1989 : WINTER, VOL. 18:4, p. 74-81 |
| Asiasana: | SHARE PRICES MERGERS SHAREHOLDERS |
| Kieli: | eng |
| Tiivistelmä: | Review of how on average shareholders consider project termination announcements as good news. Normative and behavioural hypotheses. Change in the price of stock. Takeovers. Analysis of the reaction of stock prices to project termination announcements. Daily stock returns. Market-adjust returns. The sample. Hypothesis about sell-outs. Conclusion reached. An Exhibit outlines the mean two-day abnormal returns for the pre-announcement period. |
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