Definitions and theoretical foundations

Abstract

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).

Keywords

Stock Return Abnormal Return Initial Public Offering Parent Firm Earning Surprise 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Deutscher Universitäts-Verlag | GWV Fachverlage GmbH, Wiesbaden 2006

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