An Event Study Measures Economic Effect Of Corporate Event On Security Price

groundwork for this study. I am greatly indebted to Dr Kevin Campbell, my principal supervisor for his continuous support and guidance throughout the period of study. I would to thank the Faculty of Management and the Department of Accounting and

supplement corporate renewal. Research in M&A has been done taking into consideration a multitude of disciplines, e.g. finance, economics, law, business, strategy formulation, organization theory, human resource management and sociology. M&A becomes a real time phenomenon due to the attention it receives from different walk of life. The victory of firms and the

Short sale Short sale is a sale of securities in which investors does not own the securities, they simply borrow the securities, usually from the broker in expectation that the securities price will decline and allow them to make profit by buy back the securities at a lower price. Short selling often used by investors to either hedge or speculate and can be classified as speculative activity. The benefit of short sale is that it allows investors to add value to their portfolio even when there’s

felt it was important to unite the European nations to form a union for the economic and social benefits. However, the dream of a “Common European Union” is still quite far from reality. The EU is the England’s largest business partner. Almost fifty percent of Britain’s trade is with the EU. Now, Britain’s decision to leave the EU is a death blow to the EU. Today, the Brexit is viewed as the next big financial event since 2008 subprime crisis causing denton the global economy. History has exhibited

conduct their study by analysing the demand of the bidders and auction results in Swedish Treasury auctions during uncertainty at the time of when the bidding occurs. They find that bidders respond to uncertainty in three separate ways; as uncertainty increases, bidders reduce the price levels at which they want to bid, they reduce quantity demanded and bidders also increase bidding dispersion amongst the same bond. Nyborg et al also deem auction size to be a less important factor than price uncertainty

and Acquisitions Shareholder wealth effects of domestic, cross-border, and cross-continental mergers and acquisitions 26 November 2009 Abstract This study analyses the differences in short-term shareholder wealth effects of domestic, cross-border and cross-continental mergers and acquisitions (M&As). Differences between wealth effects of domestic and cross-border M&As are expected since companies in crossborder M&As face differences in the economic environment. Furthermore, larger differences

accounting practices, though the companies listed above were prosecuted on laws that were already in place before SOX. Many studies have examined the effects of SOX on corporations in the past eleven years. The benefits are hard to quantify and the cost are rather hard to estimate including the

Vibha Dua Satija, vibha.dua.satija@gmail.com, Reader, Delhi Institute of Advanced Studies, Affiliated to G.G.S.I.P University, Delhi Dr. Harsh Purohit , iic@banasthali.in, Associate Professor & Chair- ICICI Bank CBFSI , WISDOM, Faculty of Management Studies, Banasthali University, Banasthali Vidyapith Haritika Sabharwal Chhatwal , haritika@rediffmail.com, Senior Lecturer , Delhi Institute of Advanced Studies, Affiliated to G.G.S.I.P University, Delhi Abstract Volatility and uncertainty persists

reported in Section VII shows that pension funds have had a material and significantly positive effect on the development of bond and stock markets in Latin America’s largest economies. Even though there are country-specific circumstances that may influence the magnitude of pension funds’ impact on domestic capital markets, the positive trend holds after controlling for these variables using entity fixed effects. Such positive influence on the depth of capital markets translates into greater overall financial

STUDY SESSION 1 ETHICAL AND PROFESSIONAL STANDARDS T he readings in this study session present a framework for ethical conduct in the investment profession by focusing on the CFA Institute Code of Ethics and Standards of Professional Conduct as well as the Global Investment Performance Standards (GIPS®). The principles and guidance presented in the CFA Institute Standards of Practice Handbook (SOPH) form the basis for the CFA Institute self-regulatory program to maintain the highest professional