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economic diversification research. Part 2 discusses whether or not the resource based theory can provide applicable guidance … medienökonomischer Diversifikationsforschung beleuchtet. Im Zweiten Teil wird untersucht, ob die ressourcenbasierte Theorie geeignete … zeigt, dass eine klare Trennung von Motiven für Diversifikation und Refokussierungsstrategien auf Basis individueller …
Persistent link: https://www.econbiz.de/10009461013
Die Bezeichnung 'Business Development' ist in modernen High-Tech-Industrien wie der Biotechnologie-Industrie mittlerweile sehr popul?r geworden. W?hrend bekannt ist, welche strategischen Entwicklungsoptionen f?r eine Unternehmensentwicklung potentiell zur Verf?gung stehen, wei? man jedoch nur...
Persistent link: https://www.econbiz.de/10009480999
This thesis presents two essays in Corporate Finance. In the first essay, I use the August 2007 crisis episode to gauge the effect of financial contracting on real firm behavior. I identify heterogeneity in financial contracting at the onset of the crisis by exploiting ex-ante variation in...
Persistent link: https://www.econbiz.de/10009477629
Die vorliegende Studie analysiert die Ergebnisse einer bundesweiten Unternehmensbefragung zum Finanzierungsverhalten deutscher KMU. Im Fokus stehen die Verf?gbarkeit konkreter Finanzierungsinstrumente f?r KMU und deren Akzeptanz im Mittelstand. Dies soll die derzeitigen M?glichkeiten und Grenzen...
Persistent link: https://www.econbiz.de/10009483677
The paper examines the decision by Australian Real Estate Trusts (A-REITs) to issue seasoned equity offerings from 2000 - 2008 and stock market reaction to the offerings using panel data and event study methodologies, respectively. The global financial crisis has resulted in freezing of the...
Persistent link: https://www.econbiz.de/10009437605
The paper examines the decision by Australian Real Estate Trusts (A-REITs) to issue seasoned equity offerings from 2000 - 2008 and stock market reaction to the offerings. The findings reveal that highly leveraged A-REITs with variable earnings are less likely to issue seasoned equity offerings....
Persistent link: https://www.econbiz.de/10009438312
To what extent can hedge funds influence stock price volatility surrounding theannouncements of major corporate events? To answer this question, this paper examinesone of the more common major corporate events: seasoned equity offerings (SEOs). Wetest the impact of hedge fund variables on...
Persistent link: https://www.econbiz.de/10009462241
to intense monitoring by institutional investors and the market for corporate control. Overall, our findings demonstrate …
Persistent link: https://www.econbiz.de/10009476931
We examine the relation between pre-SEO announcement date misvaluation and long-run post-SEO performance for a large sample of Australian seasoned equity offerings (SEO) made between 1993 and 2001. Our study is motivated by inconsistent findings across countries with respect to the SEO long-run...
Persistent link: https://www.econbiz.de/10009483438
options theory of equity issuance for investment. In this study, I examine in greater detail whether the pre- and post … reconciles the volatility finding of Carlson et al. with the real options theory of equity issuance for investment. I also … secondary SEOs, real options theory makes no predictions about risk changes around the events. I find that market volatility …
Persistent link: https://www.econbiz.de/10009447408