Daniel Maul

Analyzing Wealth Effects for Bondholders (eBook, PDF)

New Insight on Major Corporate Events from the Debtholders' Perspective

• Format: PDF

Produktbeschreibung

Despite the growing importance of funds through corporate bonds, most investigations on the short-term effects of certain events on firm value are only conducted for stocks. Thus, research provides an incomplete view on how firm value is truly affected. The author fills this gap and focuses his research on corporate debt. The first section of the book provides a comprehensive overview of existing methodologies to calculate abnormal bond returns. Subsequently, two frameworks are selected to investigate the importance of corporate debt when empirically assessing major corporate events: Synergy disclosure at M&A announcements and debt offerings through reopenings. Both provide evidence for the necessity to regard corporate debt to fully assess changes in firm value.

---

Dieser Download kann aus rechtlichen Gründen nur mit Rechnungsadresse in A, B, BG, CY, CZ, D, DK, EW, E, FIN, F, GR, HR, H, IRL, I, LT, L, LR, M, NL, PL, P, R, S, SLO, SK ausgeliefert werden.

Produktdetails

• Verlag: Peter Lang GmbH, Internationaler Verlag der Wissenschaften
• Erscheinungstermin: 11. März 2016
• Englisch
• ISBN-13: 9783653064261
• Artikelnr.: 52977353

Autorenporträt

Daniel Maul studied Business Administration and Engineering (Wirtschaftsingenieurwesen) at Darmstadt University of Technology. He worked as a research and teaching assistant at the Chair of Corporate Finance.

Inhaltsangabe

Contents: Importance and economic relevance of corporate bonds - Review of event study procedures to detect wealth effects in bondholder research - Wealth effects of synergy disclosing M&A announcements in the US energy sector - Wealth effects of corporate bond reopenings.