We provide the first empirical investigation into the impact of Internet Stock Message Board takeover rumors on the price discovery process in the United States equity market. Our investigation involves using an innovative five-stage filtering process, that employs computational linguistics...

This study analyses daily and intra-day abnormal returns associated with rights issue announcements in the Australian equity market over the period 2000 to 2013. We find significant abnormal returns of -2.59% and -2.50% on the announcement day under the 0/1 market model and a matched control...