Several hypotheses have been proposed to explain the abnormal returns associated with the corporate stock dividend changes, including information signaling hypothesis and wealth transfer hypothesis. Related securities not subject to the immediate capitalization changes can be useful to shed some...

Several hypotheses have been proposed to explain the abnormal returns associated with the corporate stock dividend changes, including information signaling hypothesis and wealth transfer hypothesis. Related securities not subject to the immediate capitalization changes can be useful to shed some...

We analyze the market reaction to the announcement of takeover bids initiated by Australian public firms on private and public targets. The results show that acquirers of private targets benefit from a significantly higher share price reevaluation. This so-called listing effect is broad-based...

We analyze the market reaction to the announcement of takeover bids initiated by Australian public firms on private and public targets. The results show that acquirers of private targets benefit from a significantly higher share price reevaluation. This so-called listing effect is broad-based...