This paper examines the effect of concurrent capital expenditure on the market reaction to corporate alliance announcements. Based on a large sample of announcements made in the UK between 1993 and 1995, the evidence suggests that the market response is most favourable when new investment does...

This article explores the relationship between the level and identity of the largest equity blockholding and the proportion of outside directors on the boards of New Zealand corporations between 2002 and 2007, using models that allow for nonlinearity in the relationship as well as interaction...

Using weekly share return data from a sample of five Pacific Rim and the UK and US stock markets over the period 1 January 1988-14 October 1994, this paper examines the relationship between conditional return volatility, market performance and news arrival at the market-place. Our results...