NO. 1 • FEBRUARY 2004 Bondholder Wealth Effects in Mergers and Acquisitions: New Evidence from the 1980s and 1990s MATTHEW T. BILLETT‚ TAO-HSIEN DOLLY KING‚ and DAVID C. MAUER∗ ABSTRACT We examine the wealth effects of mergers and acquisitions on target and acquiring firm bondholders in the 1980s and 1990s. Consistent with a coinsurance effect‚ below investment grade target bonds earn significantly positive announcement period returns. By contrast‚ acquiring firm bonds earn negative announcement
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Topic Proposals Social Problems: Spring 2014 Due Date: See course schedule Fill out the following form (see page 2) completely and turn in on or before the due date. Be as clear as possible: the primary purpose of this exercise is to make sure that you have a workable topic; I will not approve topics that I think are too broad‚ too narrow‚ are not sociological in focus‚ don’t address the assignment‚ etc. In other words‚ I’m trying to help you succeed on this project. In order to help
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Audit firm in Kedah:- AF No: 1020 (H) AHMAD RAZI & CO 124‚ TINGKAT 1‚ KOMPLEKS ALOR SETAR‚ LEBUHRAYA DARULAMAN 05100 ALOR SETAR Tel: 04-733 9782 Fax: 04-730 9353 Email: razi@khr.com.my | AF No: 1486 (H) BAQIR HUSSAIN & CO 126B‚ FIRST FLOOR‚ KOMPLEKS ALOR SETAR‚ LEBUHRAYA DARULAMAN 05100 ALOR SETAR Tel: 04-732 8900 Fax: 04-735 2862 Email: baqir@pc.jaring.my | AF NO: 001851 BJ CHAN & CO 36‚ TKT 1‚ LORONG 11/1A TAMAN BANDAR BARU 08000 SUNGAI PETANI Tel: 04- 442 2350
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Employees Duty to the Firm Harmony between employees and employers is only possible only when there is no selfishness in the relationship. There are a lot of employers or firms obligation to an employee. But for every employer’s obligation there is also a corresponding obligation or responsibility of employee to the employer. While employers give what is just and right‚ employees should also be obedient‚ because obedience counts a lot. An employee should be respectful while an employer should not
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the Goal of Sports Products‚ Inc. FIN/419: Finance for Decision Makers � Assessing the Goal of Sports Products‚ Inc. Many people believe that the primary objective of a firm is to maximize profits. Sports Products‚ Inc. is a firm who has followed this practice during its 20 year history. The management of Sports Products‚ Inc. has concentrated on maximizing profits while ignoring other critical factors. Management’s decision to maximize profits has created issues with its overriding goal‚ agency
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The Millennium Development Goals What is the goal? The Millennium Development Goals (MDG) are eight goals that all 191 members states have agreed to try to achieve by 2015. The United Nation Millennium Declaration‚ signed in September 2000 commits world leaders to achieve universal primary education‚ extreme proverty and hunger‚ universal primary education‚ promote gender equality and to empower women‚ to combat HIV/AIDS
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two firms with similar problems from different countries. It will conduct a comparative analysis of the two firms. In addition‚ it will discuss political‚ social‚ ethical‚ and legal differences facing both organizations and determine the impact these differences have on management making decisions. Also‚ it will provide a substantive conclusion and recommendations. Two Firms I will be analyzing two firms for comparison and contrast regarding management decisions. The two firms being
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Discussion Questions What is the capital market? How is the primary market different from the secondary market? In you opinion‚ are these markets efficient? Why? The capital market is the part of the financial system concerned with raising capital by dealing in stocks‚ bonds‚ and other long term investments. A primary market is a market where a company is issuing stocks or bonds to a potential interested buyer. After the primary market which is the initial public offering is the secondary market
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1. PRIMARY ANDSECONDARY DATA We explore the availability and use of data (primary and secondary) in the field of business research.Specifically‚ we examine an international sample of doctoral dissertations since 1998‚ categorizingresearch topics‚ data collection‚ and availability of data. Findings suggest that use of only primarydata pervades the discipline‚ despite strong methodological reasons to augment with secondary data. INTRODUCTION Data can be defined as the quantitative or qualitative
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PRIMARY AND SECONDARY SOURCES What is Primary Sources? * Primary sources are original materials. Generally‚ primary sources are not accounts written after the fact with the benefit of hindsight. * Information for which the writer has no personal knowledge is not primary‚ although it may be used by historians in the absence of a primary source. * Primary sources provide first-hand testimony or direct evidence concerning a topic under investigation. They are created by witnesses or recorders
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