Three papers in empirical finance on information processing / submitted by Eike Oenschläger. Wuppertal, August 7th, 2024
Inhalt
- Common theoretical background
- Summary - Does financial report age matter to institutional investors in accelerated SEOs?
- Summary - Insider filings as trading signals
- Summary - Accuracy of research analyst estimates surrounding M&A-transactions
- 2 Does financial report age matter to institutional investors in accelerated SEOs? Evidence from SEO discounts in Germany
- Introduction
- Background and prior research
- Possible explanations for SEO discounts
- Prior research on sophistication of institutional investors
- Differences in institutional settings between markets and over time
- Data and Methodology
- Results
- Conclusion
- 3 Insider filings as trading signals - does it pay to be fast?
- Introduction and Literature
- Data and Methodology
- Results
- Conclusion
- 4 Accuracy of research analyst estimates surrounding M&A-transactions
- Introduction
- Background and prior research
- Importance of research estimates
- Complexity of research estimates
- Expected impact of M&A-transactions on research estimates
- Data and Methodology
- Results
- Appendix to Section 4
- Limitations and research outlook
- Conclusion
- References
- Appendices