{"product_id":"financial-return-risk-and-the-dirk-schiereck-9783631622490","title":"Financial Return Risk and the Effect on Shareholder Wealth: How M\u0026A Announcements and Banking Crisis Events Affect Stock Mean Returns and Stock Return","description":"This dissertation comprises five studies analyzing daily stock returns of listed firms. Studies one and two shed light on corporate diversification through M\u0026amp;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.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Dirk Schiereck,Malte Raudszus\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 363162249X\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9783631622490\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Peter Lang Gmbh, Internationaler Verlag Der W\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 09\/06\/2012\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 183\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.89lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 8.27h x 5.83w x 0.50d","brand":"Dirk Schiereck","offers":[{"title":"Hardcover","offer_id":48446260052223,"sku":"9783631622490","price":74.05,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_9e14e366-2a4b-4a9b-9008-97a551bf71ef.jpg?v=1777223613","url":"https:\/\/www.whiterainbookhouse.com\/products\/financial-return-risk-and-the-dirk-schiereck-9783631622490","provider":"WR Book House","version":"1.0","type":"link"}