SZodixStudyAcademic Library
ShelvesOpen access
Study · an open academic library·Metadata from OpenAlex (CC0)·Shelves·OpenAlex metadata, de-duplicated
Partially anticipated events: A model of stock price reactions with an application to corporate acquisitions
6 references·16 citing·45 second hop
Partially anticipated events: A model of stock price reactions with an application to corporate acquisitions (1985)Partially anticipated events: A model of …The Hubris Hypothesis of Corporate Takeovers (1986)The Hubris Hypothesis of Corp…The market for corporate control (1983)The market for corporate cont…The gains to bidding firms from merger (1983)The gains to bidding firms fr…Evidence on the capitalized value of merger activity for acquiring firms (1983)Evidence on the capitalized v…Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…Capital Market Equilibrium with Restricted Borrowing (1972)Capital Market Equilibrium wi…Politics and Local Economic Growth: Evidence from India (2016)Politics and Local Economic G…How effective is European merger control? (2011)How effective is European mer…Friends or foes? Target selection decisions of sovereign wealth funds and their consequences (2011)Friends or foes? Target selec…Anticipation, Acquisitions, and Bidder Returns: Industry Shocks and the Transfer of Information across Rivals (2011)Anticipation, Acquisitions, a…Negotiations under the threat of an auction (2010)Negotiations under the threat…Learning, hubris and corporate serial acquisitions (2009)Learning, hubris and corporat…Corporate Takeovers**Surveying the vast area of corporate takeovers is a daunting task, and we have undoubtedly missed many interesting contributions. We apologize to those who feel their research has been left out or improperly characterized, and welcome reactions and comments. Some of the material in Section 3 is also found in Eckbo (2008). (2008)Corporate Takeovers**Surveyin…Terrorism-induced structural shifts in financial risk: airline stocks in the aftermath of the September 11th terror attacks (2004)Terrorism-induced structural …Conditional Methods in Event Studies and an Equilibrium Justification for Standard Event-Study Procedures (1997)Conditional Methods in Event …Antecedents and Outcomes of Corporate Refocusing (1996)Antecedents and Outcomes of C…Insider Trading as a Signal of Private Information (1993)Insider Trading as a Signal o…Mergers and the Value of Antitrust Deterrence (1992)Mergers and the Value of Anti…Problems and Solutions in Conducting Event Studies (1990)Problems and Solutions in Con…Consistent Estimation of Cross-Sectional Models in Event Studies (1990)Consistent Estimation of Cros…An Approach to Statistical Inference in Cross-Sectional Models with Security Abnormal Returns As Dependent Variable (1986)An Approach to Statistical In…Conditioning the Return-Generating Process on Firm-Specific Events: A Discussion of Event Study Methods (1985)Conditioning the Return-Gener…Merger bids, uncertainty, and stockholder returns (1983)The Market for Corporate Control: The Scientific Evidence (2002)Taking Stock of What We Know About Mergers and Acquisitions: A Review and Research Agenda (2009)The costs of intense board monitoring (2011)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)Testing for a four‐dimensional structure of occupational commitment (2003)Firm performance, rent appropriation, and the strategic resource divestment capability (2007)Learning how to restructure: absorptive capacity and improvisational views of restructuring actions and performance (2008)Academy of Management Journal (2013)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)The political economy of terrorism (2006)CALCULATING TRAGEDY: ASSESSING THE COSTS OF TERRORISM (2007)The Political Economy of Terrorism (2011)Judgment under Uncertainty: Heuristics and Biases (1975)The Framing of Decisions and the Psychology of Choice (1981)Efficient Capital Markets: II (1991)A Survey of Corporate Governance (1997)CEO Overconfidence and Corporate Investment (2005)A critique of the asset pricing theory's tests Part I: On past and potential testability of the theory (1977)RISK, UNCERTAINTY, AND DIVERGENCE OF OPINION (1977)Measuring security price performance (1980)Horizontal mergers, collusion, and stockholder wealth (1983)The Effect of Corporate Multinationalism on Shareholders' Wealth: Evidence from International Acquisitions (1988)The Handbook of Organizational Economics (2013)The Behavior of Stock-Market Prices (1965)Common risk factors in the returns on stocks and bonds (1993)On Persistence in Mutual Fund Performance (1997)An Empirical Evaluation of Accounting Income Numbers (1968)The Market Response to Environmental Incidents in Canada: A Theoretical and Empirical Analysis (1994)Can capital markets create incentives for pollution control? (1998)Collaborating During Coronavirus: The Impact of COVID-19 on the Nature of Work (2020)Special Information and Insider Trading (1974)The theory and practice of econometrics (1986)The Asian flu and Russian virus: the international transmission of crises in firm-level data (2003)The Corporate Value of (Corrupt) Lobbying (2015)Markets and Hierarchies: Analysis and Antitrust Implications. (1976)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Separation of Ownership and Control (1983)Management ownership and market valuation (1988)Agency Theory: An Assessment and Review (1989)The arbitrage theory of capital asset pricing (1976)The Cross-Section of Expected Stock Returns (1992)
this work references cited by second hop

References

  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 1983The market for corporate control4,145 cited
  • 1986The Hubris Hypothesis of Corporate Takeovers3,764 cited
  • 1972Capital Market Equilibrium with Restricted Borrowing3,097 cited
  • 1983The gains to bidding firms from merger983 cited
  • 1983Evidence on the capitalized value of merger activity for acquiring firms388 cited

Cited by

  • 1996Antecedents and Outcomes of Corporate Refocusing263 cited
  • 2004Terrorism-induced structural shifts in financial risk: airline stocks in the aftermath of the September 11th terror attacks249 cited
  • 1986An Approach to Statistical Inference in Cross-Sectional Models with Security Abnormal Returns As Dependent Variable249 cited
  • 1990Problems and Solutions in Conducting Event Studies227 cited
  • 2010Negotiations under the threat of an auction222 cited
  • 2008Corporate Takeovers**Surveying the vast area of corporate takeovers is a daunting task, and we have undoubtedly missed many interesting contributions. We apologize to those who feel their research has been left out or improperly characterized, and welcome reactions and comments. Some of the material in Section 3 is also found in Eckbo (2008).220 cited
  • 2011Friends or foes? Target selection decisions of sovereign wealth funds and their consequences219 cited

Only edges whose both ends are imported exist here. Widen the year window, or show the whole map. Back to the work

1992
Mergers and the Value of Antitrust Deterrence
215 cited
  • 1990Consistent Estimation of Cross-Sectional Models in Event Studies199 cited
  • 1993Insider Trading as a Signal of Private Information198 cited
  • 1997Conditional Methods in Event Studies and an Equilibrium Justification for Standard Event-Study Procedures193 cited
  • 2011Anticipation, Acquisitions, and Bidder Returns: Industry Shocks and the Transfer of Information across Rivals189 cited
  • 2016Politics and Local Economic Growth: Evidence from India186 cited
  • 2009Learning, hubris and corporate serial acquisitions183 cited
  • 2011How effective is European merger control?180 cited
  • 1985Conditioning the Return-Generating Process on Firm-Specific Events: A Discussion of Event Study Methods179 cited