Are mergers and acquisitions significant events which develop informativeness seen as the disclosure of private and specific information after a transaction? Is the informativeness process the same between countries? To answer to these questions we use the concept of informativeness, as first developed by Roll (1988). We consider a sample of mergers and acquisitions in the US and in Europe over the 2000-2011 period. We show that the disclosure process is not linked with acquirer’s abnormal returns at the announcement date. Informativeness improves over time. We show that the acquisition premium and the means of payment are particularly important in the disclosure process
This dissertation explores the disclosure on intangibles acquired in Mergers & Acquisitos. The relat...
How does an investor value the announcement of new business integration? The history of acquirer’s a...
An important focus of the research on mergers and acquisitions is the conditions under which acquisi...
Are mergers and acquisitions significant events which develop informativeness seen as the disclosure...
International audienceAre mergers and acquisitions significant events that develop informativeness? ...
We consolidate our understanding of the link between risk and quality of new around information inte...
We study the information production dynamics in financial markets in response to Mergers and Acquisi...
Based on a comprehensive sample of European mergers over the 1997-2011 period, we find that informat...
International audienceShare repurchases are transactions which are supposed to cause a market reacti...
The goal of this dissertation is to show how information asymmetries among market participants affec...
Share repurchases announcement are discretionary transactions that stimulate analyst's activity. We ...
We examine the association between voluntary corporate disclosure and the informativeness of stock p...
This paper analyzes a target firm’s decision to voluntarily disclose information during a takeover e...
I test the impact of information acquisition (proxied by SEC EDGAR web traffic) on market informativ...
We examine the association between voluntary corporate disclosure and the informativeness of stock p...
This dissertation explores the disclosure on intangibles acquired in Mergers & Acquisitos. The relat...
How does an investor value the announcement of new business integration? The history of acquirer’s a...
An important focus of the research on mergers and acquisitions is the conditions under which acquisi...
Are mergers and acquisitions significant events which develop informativeness seen as the disclosure...
International audienceAre mergers and acquisitions significant events that develop informativeness? ...
We consolidate our understanding of the link between risk and quality of new around information inte...
We study the information production dynamics in financial markets in response to Mergers and Acquisi...
Based on a comprehensive sample of European mergers over the 1997-2011 period, we find that informat...
International audienceShare repurchases are transactions which are supposed to cause a market reacti...
The goal of this dissertation is to show how information asymmetries among market participants affec...
Share repurchases announcement are discretionary transactions that stimulate analyst's activity. We ...
We examine the association between voluntary corporate disclosure and the informativeness of stock p...
This paper analyzes a target firm’s decision to voluntarily disclose information during a takeover e...
I test the impact of information acquisition (proxied by SEC EDGAR web traffic) on market informativ...
We examine the association between voluntary corporate disclosure and the informativeness of stock p...
This dissertation explores the disclosure on intangibles acquired in Mergers & Acquisitos. The relat...
How does an investor value the announcement of new business integration? The history of acquirer’s a...
An important focus of the research on mergers and acquisitions is the conditions under which acquisi...