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).
KeywordsStock Return Abnormal Return Initial Public Offering Parent Firm Earning Surprise
Unable to display preview. Download preview PDF.