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Unawareness and Strategic Announcements in Games with Uncertainty
Unawareness games with uncertainty communication
2015/9/23
This paper studies games with uncertainty where players have different awareness
regarding a chance player’s moves (contingencies). An announcer, who is fully aware of
the contingencies, can announc...
Structural Closure and Exposure:Market Reactions to Announcements of Acquisitions and Divestitures
Acquisition Business Exit or Shutdown Market Entry and Exit
2015/5/12
Structural Closure and Exposure:Market Reactions to Announcements of Acquisitions and Divestitures.
Structural Closure and Exposure: Market Reactions to Announcements of Acquisitions and Divestitures
Saving Motivation and Incentives Programs Income Characteristics
2015/4/22
We review a wide variety of programs that support savings by families, in particular by low- and moderate-income families. These programs range from ones that literally compel families to save, to tho...
Capital Market Efficiency and the Effects of Dividend Announcements on Share Prices in Nigeria
efficient market price adjustments stock market available information
2011/9/12
An efficient market is one in which prices fully reflect available information. An implication of an efficient market is that no excess returns can be made from this information because current prices...
Market Reaction to Loan Announcements under the Risk of Expropriation
Market Reaction Loan Announcements
2014/11/28
When ownership is concentrated, the key agency problem is the expropriation of minority shareholders by controlling shareholders since CS may pursue their private benefits at the cost of MS (La Porta ...