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Decoupling by clienteles and by time in the financial markets: The case of two-stage stock-financed mergers

Ang, James S.; Ҫolak, Gӧnül; Zhang, Tai-Wei - In: Journal of Corporate Finance 25 (2014) C, pp. 360-375

A two-stage stock-financed merger occurs when an acquiring firm first issues shares, and then engages in a cash acquisition shortly afterward. Such deals allow us to test two important hypotheses derived from decoupling: by clienteles via segmentation and by time. The acquirer's value is...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10011052883

Autocorrelation, structural breaks and the predictive ability of dividend yield

Chen, An-Sing; Zhang, Tai-Wei - In: Applied Economics 39 (2007) 5, pp. 645-652

We study whether dividend yield (DY) can predict aggregate stock returns while controlling for the effects of structural breaks in the parameters and bias induced by autocorrelation in the predictor variable. To do so we apply the Bai and Perron (BP) (1998, 2000) methodology to test for...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10005505580

The asymmetric predictability of high-yield bonds

Zhang, Tai-Wei; Wu, Wei-Hwa - In: The North American Journal of Economics and Finance 29 (2014) C, pp. 146-155

This study examines the relationship between the high-yield bonds market and the stock market and indicates that stock returns lead high-yield bond returns. Specifically, this study further shows that this lead–lag relationship is more solid during bear market periods since a downward trend in...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10011056693

Personal bankruptcy costs: Their relevance and some estimates

Ang, James S.; Fatemi, Ali M. - In: Financial Services Review 6 (1997) 2, pp. 77-96

Persistent link: https://ebvufind01.dmz1.zbw.eu/10005444635

Concealing and confounding adverse signals: insider wealth-maximizing behavior in the IPO process

Ang, James S.; Brau, James C. - In: Journal of Financial Economics 67 (2003) 1, pp. 149-172

Persistent link: https://ebvufind01.dmz1.zbw.eu/10005376950

The portfolio behavior of Japanese corporations' stable shareholders

Ang, James S.; Constand, Richard - In: Journal of Multinational Financial Management 12 (2002) 2, pp. 89-106

Persistent link: https://ebvufind01.dmz1.zbw.eu/10005388846

Compensation and performance: the case of Japanese managers and directors

Ang, James S.; Constand, Richard L. - In: Journal of Multinational Financial Management 7 (1997) 4, pp. 275-304

Persistent link: https://ebvufind01.dmz1.zbw.eu/10005388854

Single stock futures: Listing selection and trading volume

Ang, James S.; Cheng, Yingmei - In: Finance Research Letters 2 (2005) 1, pp. 30-40

Persistent link: https://ebvufind01.dmz1.zbw.eu/10005397433

League table: a study of the competition to underwrite floating rate debt

Ang, James S.; Zhang, Shaojun - In: Journal of International Financial Markets, … 14 (2004) 4, pp. 329-349

Persistent link: https://ebvufind01.dmz1.zbw.eu/10005403376

Composite Measures for the Evaluation of Investment Performance

Ang, James S.; Chua, Jess H. - In: Journal of Financial and Quantitative Analysis 14 (1979) 02, pp. 361-384

Persistent link: https://ebvufind01.dmz1.zbw.eu/10005407055