- Filter By
-
Topic (${ Topics.length })
-
-
Type (${ ContentTypes.length })
-
Contributor (${ Contributors.length })
- Relevance
- Newest
- Oldest
Journal Article
Arbitrage Crashes and the Speed of Capital
May 27, 2011
Modern finance theory rests on the ability of arbitrageurs to ensure that substantially similar assets trade at substantially similar prices.
Journal Article
The Interdependent and Intertemporal Nature of Financial Decisions
February 15, 2009
Typically, corporate investment, distribution and financing polices are examined in isolation using a static single-equation methodology.
Journal Article
Slow-Moving Capital
May 1, 2007
Unlike textbook arbitrageurs who instantaneously trade when prices deviate from fundamental values, real-world arbitrageurs must overcome various frictions.
Journal Article
Price Pressure Around Mergers
February 1, 2004
It has been well documented that when companies use stock as the currency in a takeover, the acquiring company’s share price tends to fall between –2% and –3% around the time a deal is announced.
Journal Article
Characteristics of Risk and Return in Risk Arbitrage
December 1, 2001
After the announcement of a merger or acquisition, the target company’s stock typically trades at a discount to the price offered by the acquiring company.
Journal Article
Effects of Bankruptcy Court Protection on Asset Sales
November 26, 1996
This paper uses a sample of commercial aircraft transactions to examine the effectiveness of bankruptcy court protection in mitigating costs of financial distress associated with asset sales. The evidence suggests that neither protection under Chapter 11 of the bankruptcy code nor court-supervised liquidation under Chapter 7 of the code are effective at mitigating price discounts.