Financial Return Risk and the Effect on Shareholder Wealth: How M&A Announcements and Banking Crisis Events Affect Stock Mean Returns and Stock Return by Schiereck, Dirk

Financial Return Risk and the Effect on Shareholder Wealth: How M&A Announcements and Banking Crisis Events Affect Stock Mean Returns and Stock Return (Hardcover) (ISBN-13: 9783631622490)

Vendor: Dirk Schiereck
Product type: Books
Format: Hardcover
$74.05
$74.05
$74.05
Subtotal: $74.05
Financial Return Risk and the Effect on Shareholder Wealth: How M&A Announcements and Banking Crisis Events Affect Stock Mean Returns and Stock Return by Schiereck, Dirk

Financial Return Risk and the Effect on Shareholder Wealth: How M&A Announcements and Banking Crisis Events Affect Stock Mean Returns and Stock Return

$74.05
Financial Return Risk and the Effect on Shareholder Wealth: How M&A Announcements and Banking Crisis Events Affect Stock Mean Returns and Stock Return by Schiereck, Dirk

Financial Return Risk and the Effect on Shareholder Wealth: How M&A Announcements and Banking Crisis Events Affect Stock Mean Returns and Stock Return

$74.05
Format: Hardcover
Description
Description
x
This dissertation comprises five studies analyzing daily stock returns of listed firms. Studies one and two shed light on corporate diversification through M&A and how related risk dynamics affect shareholder wealth. Carrying over the risk analysis methodology 'GARCH' to external events in studies three and four, the author individually scrutinizes the adverse implications of bank failures and bailouts in the 2007-2009 financial crisis. Finding opposing return shocks, he identifies the limits of the 'symmetric' GARCH. As observed of the behavior of stock return data, volatility reacts asymmetrically to positive and negative return shocks. The advanced EGARCH incorporates this so called 'leverage effect'. Applying the EGARCH in his final study, the author can simultaneously scrutinize the adverse bank events with an appropriate econometric foundation.

Author: Dirk Schiereck,Malte Raudszus
ISBN-10: 363162249X
ISBN-13: 9783631622490
Publisher: Peter Lang Gmbh, Internationaler Verlag Der W
Language: English
Published: 09/06/2012
Pages: 183
Format: Hardcover
Weight: 0.89lbs
Size: 8.27h x 5.83w x 0.50d
By Dirk Schiereck
By Dirk Schiereck
x
Malte Helmut Raudszus studied business administration and software engineering at the European Business School in Oestrich-Winkel, the Universidad de la Empresa in Buenos Aires and the BI Norwegian School of Management in Oslo. After working two years in strategy consulting, he pursued his PhD in Corporate Finance at the Technische Universität Darmstadt.

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