File Download

There are no files associated with this item.

Supplementary

Conference Paper: Slow-Moving Real Information in Merger Arbitrage

TitleSlow-Moving Real Information in Merger Arbitrage
Authors
Buehlmaier, MZechner, J
Issue Date2014
PublisherThe European Finance Association (EFA).
Citation
The 41st Annual Meeting of the European Finance Association (EFA), Lugano, Switzerland, 27-30 August 2014 How to Cite?
AbstractWe analyze a large sample of merger announcements to characterize information flows in merger arbitrage. Despite attempts to manipulate information, it is possible for merger arbitrageurs to extract fundamental information from the financial media. This information moves slowly and it takes several days to become fully absorbed in stock prices. A simple merger arbitrage strategy based on media content increases risk-adjusted returns by more than 12 percentage points.
DescriptionParallel Session: Text Analysis
The Abstract and the Content of the conference paper can be viewed at: https://www.conftool.com/efa2014/index.php?page=browseSessions&search=Slow-Moving+Information+in+Merger+Arbitrage
Persistent Identifierhttp://hdl.handle.net/10722/201724

 

DC FieldValueLanguage
dc.contributor.authorBuehlmaier, Men_US
dc.contributor.authorZechner, Jen_US
dc.date.accessioned2014-08-21T07:38:43Z-
dc.date.available2014-08-21T07:38:43Z-
dc.date.issued2014en_US
dc.identifier.citationThe 41st Annual Meeting of the European Finance Association (EFA), Lugano, Switzerland, 27-30 August 2014en_US
dc.identifier.urihttp://hdl.handle.net/10722/201724-
dc.descriptionParallel Session: Text Analysis-
dc.descriptionThe Abstract and the Content of the conference paper can be viewed at: https://www.conftool.com/efa2014/index.php?page=browseSessions&search=Slow-Moving+Information+in+Merger+Arbitrage-
dc.description.abstractWe analyze a large sample of merger announcements to characterize information flows in merger arbitrage. Despite attempts to manipulate information, it is possible for merger arbitrageurs to extract fundamental information from the financial media. This information moves slowly and it takes several days to become fully absorbed in stock prices. A simple merger arbitrage strategy based on media content increases risk-adjusted returns by more than 12 percentage points.-
dc.languageengen_US
dc.publisherThe European Finance Association (EFA).-
dc.relation.ispartofAnnual Meeting of the European Finance Association (EFA)en_US
dc.titleSlow-Moving Real Information in Merger Arbitrageen_US
dc.typeConference_Paperen_US
dc.identifier.emailBuehlmaier, M: buehl@hku.hken_US
dc.identifier.authorityBuehlmaier, M=rp01305en_US
dc.identifier.hkuros234694en_US

Export via OAI-PMH Interface in XML Formats

OR

Export to Other Non-XML Formats