Browsing by Subject "Stocks--Prices"

Now showing items 1-4 of 4

Takeover bids, share prices, and the expected value hypothesis

Hutson, Elaine ; Partington, Graham (University of Technology Sydney, School of Finance and Economics, 1994-04)

This paper examines the relationship between the price bid for a takeover target, the probability of the bid succeeding and the target's price over the course of the bid. We test and reject Samuelson and Rosenthal's (1986) ...
Takeover targets and the probability of bid success : evidence from the Australian market

Hutson, Elaine (Elsevier, 2000)

The excess returns earned by takeover targets raises questions of efficiency in the market for corporate control. Brown and Raymond and Samuelson and Rosenthal explain the target share pricing process as a function of ...
Volatility in stocks subject to takeover bids : Australian evidence using daily data

Hutson, Elaine ; Kearney, Colm (Elsevier, 2001-07)

Using daily price and volume data on 112 of the largest takeover targets in Australia during the period from 1985 to 1993, we find that conditional price volatility declines after the takeover announcement. This decline ...
Volume and skewness in international equity markets

Hutson, Elaine ; Kearney, Colm ; Lynch, Margaret (Elsevier, 2008)

We examine the relation between trading volume and skewness in 11 international stock markets using daily and monthly data from January 1980 to August 2004. We construct single equation and VAR models of the relation ...