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How do investors respond to share buyback programs? Evidence from Brazil during 2008 crisis
(2013-05-10)
This paper provides empirical evidence of how effective share repurchase programs were as instruments to signal low prices during 2008 crisis in Brazil. Although we found that stock prices did not respond to buyback programs ...
Fusões e aquisições da indústria de petróleo e gás natural na América do Sul: um estudo qualitativo de 5 eventos
(2013-03-11)
Este trabalho tem como objetivo contextualizar as Fusões e Aquisições realizadas, na América do Sul, na indústria de petróleo, pela análise qualitativa de cinco eventos, utilizando a metodologia de estudo de eventos e a ...
The Role of Media in Share Repurchases
(School of Business and Economics, Universidad del Desarrollo, 2015-08)
I examine the impact that media coverage has on open market share repurchase outcomes. I find that media coverage around repurchase announcements are negatively related to firms’ actual repurchases following the announcements. ...
The Effect of Investor Attention on the Pricing of Seasoned Equity Offerings
(School of Business and Economics, Universidad del Desarrollo, 2015-08)
I examine the role of investor attention on seasoned equity offerings’ (SEOs) outcomes. I use an archive of Thomson Reuters’ news articles to proxy for investor attention. I find that the volumes of news articles prior to ...
The Stock Market Reaction to Mergers and Acquisitions: Evidence from the Banking Industry
(Universidad EAFITEscuela de Economía y Finanzas, 2020-02-19)
Mergers and acquisitions (M&As) are mainly a mechanism used in the Latin American banking industry to carry out business consolidation. This paper focuses on the effect of M&A announcements on stocks of Latin American banks ...
The Effect of Investor Attention on the Pricing of Seasoned Equity Offerings
(School of Business and Economics, Universidad del Desarrollo, 2015-08)
I examine the role of investor attention on seasoned equity offerings’ (SEOs) outcomes. I use an archive of Thomson Reuters’ news articles to proxy for investor attention. I find that the volumes of news articles prior to ...
The Role of Media in Share Repurchases
(School of Business and Economics, Universidad del Desarrollo, 2015-08)
I examine the impact that media coverage has on open market share repurchase outcomes. I find that media coverage around repurchase announcements are negatively related to firms’ actual repurchases following the announcements. ...
Reputational risk on corporate corruption scandals: evidence from Latin America
(Emerald Group Holdings Ltd.GB, 2022)
Purpose: This paper evaluates how corruption scandals effects corporate reputational risk in main representatives Latin America listed companies. Efficient market hypothesis (EMH) on Standard and Poor’s index is also tried ...
Does transparency pay off? Evidence from stock market segment switches
(2017-05-10)
Research on corporate governance has made a substantial effort to determine its impact on the stock market, albeit little attention has been given to testing the value of distinct listing segments of transparency. Building ...