Financial Return Risk and the Effect on Shareholder Wealth : How M&A Announcements and Banking Crisis Events Affect Stock Mean Returns and Stock Return Risk- A Compendium of Five Empirical Studies across Selective Industries

Language: English

Published by Peter Lang, 2012

363162249X / 9783631622490

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Druck auf Anfrage Neuware - Printed after ordering - This dissertation comprises five studies analyzing daily stock returns of listed firms. Studies one and two shed light on corporate diversification through M&A and how related risk dynamics affect shareholder wealth. Carrying over the risk analysis methodology 'GARCH' to external events in studies three and four, the author individually scrutinizes the adverse implications of bank failures and bailouts in the 2007-2009 financial crisis. Finding opposing return shocks, he identifies the limits of the 'symmetric' GARCH. As observed of the behavior of stock return data, volatility reacts asymmetrically to positive and negative return shocks. The advanced EGARCH incorporates this so called 'leverage effect'. Applying the EGARCH in his final study, the author can simultaneously scrutinize the adverse bank events with an appropriate econometric foundation.; Dissertationsschrift.

Seller Inventory # 9783631622490

Title
Financial Return Risk and the Effect on Shareholder Wealth : How M&A Announcements and Banking Crisis Events Affect Stock Mean Returns and Stock Return Risk- A Compendium of Five Empirical Studies across Selective Industries
Author
Malte Raudszus
Publisher
Peter Lang
Publication year
2012
Condition
Neu
Binding
Buch
Language
English
ISBN 10
363162249X
ISBN 13
9783631622490
Item weight
351 grams
Dimensions
216x153x15 mm

AHA-BUCH GmbH

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