Search Results - subject:"Event study analysis"

The effect on stockholder wealth of product recalls and government action: The case of Toyota's accelerator pedal recall

Gokhale, Jayendra; Brooks, Raymond M.; Tremblay, Victor J. - In: The Quarterly Review of Economics and Finance 54 (2014) 4, pp. 521-528

We analyze the effect of Toyota's faulty accelerator pedal on stockholder wealth. Using the event study methodology, we show that a major recall in January of 2010 is associated with a 19% fall in the company's cumulative abnormal returns. Continued concerns that Toyota was unable to identify...

Persistent link: https://www.econbiz.de/10011076313

Do Markets Care Who Chairs the Central Bank?

Kuttner, Kenneth N.; Posen, Adam S. - Peter G. Peterson Institute for International Economics … - 2007

event study analysis on exchange rates, bond yields, and stock prices. The analysis reveals a significant reaction of … appointment announcements from 15 countries and conduct an event-study analysis on exchange rates, bond yields, and stock prices … markets, Event study analysis Kenneth N. Kuttner is a professor of economics at Williams College, Williamstown, MA. Adam S …

Persistent link: https://www.econbiz.de/10005760869

The impact of central bank announcements on asset prices in real time: testing the efficiency of the Euribor futures market

Rosa, Carlo; Verga, Giovanni - London School of Economics (LSE) - 2006

This paper examines the effect of European Central Bank communication on the price discovery process in the Euribor futures market using a new tick-by-tick dataset. First, we show that two pieces of news systematically hit financial markets on Governing Council meeting days: the ECB policy rate...

Persistent link: https://www.econbiz.de/10010745786

The Impact of Central Bank Announcements on Asset Prices in Real Time: Testing the Efficiency of the Euribor Futures Market

Rosa, Carlo; Verga, Giovanni - Centre for Economic Performance, LSE - 2006

. Keywords: market efficiency, central bank communication, news shock, tickby-tick Euribor futures data, event-study analysis …, a clear advantage of using an event-study analysis is that it can attenuate or even eliminate the joint hypothesis …

Persistent link: https://www.econbiz.de/10005796153

The effect of merger and acquisition announcement on Greek bank stock returns

Athanasoglou, Panayiotis P.; Asimakopoulos, Ioannis G.; … - In: Economic Bulletin (2005) 24, pp. 27-44

This study examines the response of Greek bank stock prices to the announcement of intended mergers and acquisitions (M&As) during the period 1998-1999, applying a standard event study methodology. The results show that both the acquiring banks and, albeit to a lesser extent, the target banks...

Persistent link: https://www.econbiz.de/10005523467

The effect of M&A announcement on Greek bank stock returns

Asimakopoulos, Ioannis; Athanasoglou, Panayiotis; … - Volkswirtschaftliche Fakultät, … - 2005

This study examines the response of Greek bank stock prices to the announcement of intended mergers and acquisitions(M&As)during the period 1998-1999, applying a standard event study methodology. The results show that both the acquiring banks and, albeit to a lesser extent, the target banks...

Persistent link: https://www.econbiz.de/10009151590

Current account adjustments in OECD countries revisited: The role of the fiscal stance

Theofilakou, Nancy; Stournaras, Yannis - In: Journal of Policy Modeling 34 (2012) 5, pp. 719-734

This paper revisits the adjustment path of key economic and financial indicators during large current account adjustment episodes in OECD countries, after controlling for discretionary fiscal policy behavior. We find that the drivers of current account deficit reversals differ according to the...

Persistent link: https://www.econbiz.de/10010594841

A stakeholder approach to international and national sport sponsorship

Tsiotsou, Rodoula - In: Journal of Business & Industrial Marketing 26 (2011) 8, pp. 557-565

in sport organizations such as sport federations/associations. Design/methodology/approach – Event study analysis by …

Persistent link: https://www.econbiz.de/10014843092

Athlete Endorsement Contracts: The Impact of Conventional Stars

Fizel, John; McNeil, Chris; Smaby, Timothy - In: International Advances in Economic Research 14 (2008) 2, pp. 247-256

Persistent link: https://www.econbiz.de/10005705487

Feasible momentum strategies: Evidence from the Swiss stock market

Rey, David; Schmid, Markus - In: Financial Markets and Portfolio Management 21 (2007) 3, pp. 325-352

Persistent link: https://www.econbiz.de/10005722903