This paper examines the link between equity and credit markets for major financial institutions during times of heightened stress and increased default risk. We focus on sizeable US firms, which either failed or required substantial government support during 2008. Our examination of daily...

This paper analyzes approaches investigating success drivers of mergers and acquisitions (M&A) in the software industry. The literature review covers a classification of research pa-pers in the generic and software industry-specific M&A research discipline. The results ac-centuate that the...

A number of studies suggests the availability of information as a possible explanation for the home bias in international stock portfolios. They argue that competence effects play a prominent role in the evaluation of domestic stocks and consequently lead to a bias in stock return expectations....

We look at the wealth generated for shareholders of energy assets in Central and Eastern Europe (CEE) by the announcement of cross-border mergers or acquisitions involving a bidder from a Western industrialized country between 1995 and 2005. The impact on both the performance improvements at the...

Der "Effecten-Spiegel" ist mit einer wöchentlichen Auflage von über 100.000 Exemplaren der größte europäische Börsendienst. In jeder Ausgabe erscheint auf Seite 8 die Anlagekolumne "Aktien im Blickpunkt: Börsenfavoriten". Diese Kolumne steht im Mittelpunkt der Untersuchung. Es wird...

The following analysis presents empirical evidence on the investor demanded risk premium at the bond issuance. The sample consists of bonds issued by alter native energy firms in Germany between 2008 and 2012. Our results show that besides the well-known influence of ratings, other factors may...

In the course of the European sovereign debt crisis, the question has arisen as to whether the soundness of the US banking and financial system could be harmed by contagion effects. Considering the numerous downgradings of European countries in recent years, the current paper examines price...