This study examines the (Cumulative) Average Abnormal Returns ((CAR) ̅ / (AR) ̅) of 171 NASDAQ Composite Index listed takeover targets in the period 2009-2018 to investigate whether abnormal returns are being made prior ...

Disposition Effect Under American And European Insider Traders By YOURI MARKINK (1009987) While most studies agree about the existence of the disposition effect under ordinary investors, it is fairly unknown whether or ...

This study examines the effect of stock-based M&A deals during a hot market period on the performance of the acquiring firm, compared to stock-based M&A deals that did not occur in a hot market period. The performance of ...

In the past decades, the interest in environmental, social, and corporate governance has grown immensely. An increasing part of investors is interested in the ESG performance of a company before investing in it through ...

This thesis empirically analyses the effect of institutional ownership on the abnormal returns of an M&A-announcement. Literature stipulates that institutional activism as a corporate governance mechanism decreases wasteful ...

This study shows the effects of firms’ debt ratios on their financial performance and compares them between the bank- and market-based financial system. Based on two theories and some empirical studies, a negative relationship ...

This thesis is testing the forecasting performance of the heterogeneous autoregressive model for realized volatility (HAR-RV), against the generalized autoregressive conditionally heteroskedastic model (GARCH (1, 1)), and ...

Due to the possible implementation of a new ATM in the Netherlands, it is, again, a hot topic whether Dutch ATMs lead to a Dutch discount. This hypothesized Dutch discount would be a result of the supposedly entrenching ...

Mergers and acquisitions activity has increased drastically during the last decades. Nowadays, M&A is a multi-trillion dollar industry, accounting for the biggest part of FDI. However, many M&A’s turn out to be unsuccessful, ...