Financial Return Risk and the Effect on Shareholder Wealth | How M&A Announcements and Banking Crisis Events Affect Stock Mean Returns and Stock Return Risk- A Compendium of Five Empirical Studies across Selective Industries

Malte Raudszus

ISBN 10: 363162249X / ISBN 13: 9783631622490

Published by Peter Lang, 2012

About this Item

Financial Return Risk and the Effect on Shareholder Wealth | How M&A Announcements and Banking Crisis Events Affect Stock Mean Returns and Stock Return Risk- A Compendium of Five Empirical Studies across Selective Industries | Malte Raudszus | Buch | Gebunden | Englisch | 2012 | Peter Lang | EAN 9783631622490 | Verantwortliche Person für die EU: Lang, Peter GmbH, Gontardstr. 11, 10178 Berlin, r[dot]boehm-korff[at]peterlang[dot]com | Anbieter: preigu Print on Demand.

Seller Inventory # 103993404

Bibliographic Details

• Title: Financial Return Risk and the Effect on Shareholder Wealth | How M&A Announcements and Banking Crisis Events Affect Stock Mean Returns and Stock Return Risk- A Compendium of Five Empirical Studies across Selective Industries
• Publisher: Peter Lang
• Publication Date: 2012
• Language: English
• ISBN 10: 363162249X
• ISBN 13: 9783631622490
• Binding: Buch
• Condition: Neu
• Dimensions: 216W x 153H x 15D millimeters 216 millimeters width by 153 millimeters height by 15 millimeters depth
• Weight: 390 grams
• Seller catalogs:
  • Bücher

About this title

Synopsis

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.

About the Author

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.