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 ...

Due to the rapid economic development, the magnitude of M&A activity is increasing and so is the influence of large investment banks. A growing research body has investigated whether these so-called high-quality advisors ...

This paper investigates whether the fraction of females in corporate boards of listed companies has a positive relationship with dividend pay-outs. Evidence was found that firms located in Europe and the United States with ...

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 study focuses on the impact of firm specific factors into the relationship between capital structure and firm performance. Since previous studies found mixed and contradicting results of the effect of leverage on firm ...

This paper studies how R&D, patents and patent value indicators affect the market valuation of European firms. The information on individual patents from these firms is used to create portfolio averages, so called patent ...

Testing a mutual equity fund’s performance, using the traditional CAPM and four-factor model is considered to have one major downside; the stationary beta. In these unconditional models, the risk loadings are assumed to ...