Definitions and theoretical foundations


This chapter has two objectives. First, it defines the research object (section 2.1) and analyses empirically identified and theoretical reasons of why firms engage in an ECO (section 2.2). Second, it presents the basic concepts of the efficient market hypothesis and reviews evidence for and against market efficiency (section 2.3).


Stock Return Abnormal Return Initial Public Offering Parent Firm Earning Surprise 
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© Deutscher Universitäts-Verlag | GWV Fachverlage GmbH, Wiesbaden 2006

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