Author: G. William Schwert Publisher: ISBN: Category : Languages : en Pages :
Book Description
This paper studies the premiums paid in successful tender offers and mergers involving NSE and Amex-listed target firms from 1975-91 in relation to pre-announcement stock price runups. It has been conventinoal to measure corporate control premiums including the price runups that occur prior to the initial formal bid. There has been little evidence on the relation between the pre-bid runup and the post- announcement markup (the increase in the stock price measured from the date of the first bid). Under what circumstances are runups associated with larger total premiums? The evidence in this paper shows that in most cases, the pre-bid runup and the post-announcement markup are uncorrelated (i.e., little or no substitution between the runup and the post-announcement markup), so the runup is an added cost to the bidder. This has important implications for assessing the costs of illegal insider trading based on private information about a potential bid.
Author: George William Schwert Publisher: ISBN: Category : Consolidation and merger of corporations Languages : en Pages : 68
Book Description
This paper studies the premiums paid in successful tender offers and mergers involving NYSE and Amex-listed target firms from 1975-91 in relation to pre-announcement stock price runups. It has been conventional to measure corporate control premiums including the price runups that occur before the initial formal bid. There has been little evidence on the relation between the pre-bid runup and the post-announcement premium (the premium paid to target stockholders measured from the date of the first bid). Under what circumstances are runups associated with larger total premiums? The evidence in this paper shows that in most cases, the pre-bid runup and the post- announcement premium are uncorrelated (i.e. little or no substitution between the runup and the post-announcement premium), so the runup is an added cost to the bidder. This has important implications for assessing the costs of illegal insider trading based on private information about a potential bid.
Author: Hsin-I. Chou Publisher: ISBN: Category : Languages : en Pages : 48
Book Description
Rumors can be classified into two types, according to whether they can credibly predict impending events or not. The analysis of takeover rumors of publicly traded US companies from 1990 to 2008 shows that these two types of rumors can be statistically distinguished by returns of rumored takeover targets before rumor publication. However, market responses to the rumors on the rumor day and the day after are statistically indifferent. Trading on such rumors can be profitable. Moreover, takeover premiums of sampled targets cannot be explained by markup pricing hypothesis although the hypothesis is supported by the view of efficient markets.
Author: Michael Stone Publisher: Craftsman Book Co ISBN: 9781572180710 Category : Technology & Engineering Languages : en Pages : 316
Book Description
In order to succeed in a construction business you have to be able to mark up the price of your jobs to cover overhead expenses and make a decent profit. The problem is how much to mark it up. You don't want to lose jobs because you charge too much, and you don't want to work for free because you've charged too little. If you know how much to mark up you can apply it to your job costs and arrive at the right sales price for your work. This book gives you the background and the calculations necessary to easily figure the markup that is right for your business. Includes a CD-ROM with forms and checklists for your use.
Author: Mitesh Maheshwari Publisher: Mindpop ISBN: Category : Business & Economics Languages : en Pages : 63
Book Description
Pricing Made Easy helps you understand What is pricing, Current market pricing scenario, Various pricing strategy, Pricing problem & mistakes in today’s business and Pricing objective. This book teaches you how to Price your product focusing on two main strategies Markup & Markdown with real-time examples and different ways to calculate them. Markdown strategy helps you price your product during a seasonal sale or create a plan before going to the next selling season to keep all products moving through the store as quickly as possible. This strategy is most effective for stores whose customers visit frequently because the store needs to maintain an image of always having exciting new products available. One more reason to use this strategy is Poor performance of the product or reduction of the price because of a product’s inability to sell at its original price. Markup strategy helps you save lots of time by pricing products quickly. If you do not keep up with the prices of your competitors though, you can end up losing lots of money. This will happen if your prices are over or underpriced. In one case you will lose your customers and in the other, you will have lower profit margins. It also helps the vendor to easily calculate profit and Fair price of the product can be easily found. This strategy is mainly used by manufacturers and retailers to calculate their selling price. This book helps you choose prices that maximize profits and shareholder value while considering consumer and market demand.
Author: Hans-Ulrich Krause Publisher: Walter de Gruyter GmbH & Co KG ISBN: 3110598094 Category : Business & Economics Languages : en Pages : 386
Book Description
Key Performance Indicators (KPIs) have become a regular and useful tool for measuring business performance everywhere. The KPIs not only help in strategic planning but also in managing operative business world over. The KPIs in the book are organized according to the Balanced Scorecard (BSC) approach, which emphasizes the importance of using both financial and non-financial information to remain competitive in the modern world. We proudly place on record the fact that our book is the first of its kind and provides for a complete analysis of KPIs under financial, customer, process and human resource/innovation perspectives. The book is a major contribution towards achieving sustainable growth as a competitive advantage. It also emphasizes the importance of social acceptance and environmental impact of the business activity. The compendium provides over 170 KPIs in a compact form. It delivers simple definitions, easy to calculate formulae, possible interpretations and useful suggestions towards an efficient and effective implementation of KPIs as controlling instruments.
Author: G. William Schwert
Author: George William Schwert
Author: G. William Schwert
Author: G. W. Schwert
Author: United States. Office of Price Administration
Author: Hsin-I. Chou
Author: Michael Stone
Author: Mitesh Maheshwari
Author: Hans-Ulrich Krause
Author: