Mergers and takeovers in Spain: empirical evidence on abnormal returns and insider trading

Ocaña Pérez de Tudela, Oscar; Peña, Juan Ignacio; Robles, Dolores

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Mergers and takeovers in Spain: empirical evidence on abnormal returns and insider trading

Autor(es): Ocaña Pérez de Tudela, Oscar; Peña, Juan Ignacio; Robles, Dolores

Editor: Universidad Carlos III de Madrid. Departamento de Economía de la Empresa

Fecha de edición: 1994-07

Serie/Num.: UC3M Working papers. Business Economics
94-28-04

Palabras clave: Takeovers , Abnormal residuals , Market model

URI: http://hdl.handle.net/10016/7079

Derechos: Atribución-NoComercial-SinDerivadas 3.0 España

Resumen:

This paper aims to the measurement of returns on takeovers on firms listed in the Spanish stock market in the period 1990 to 1993. Using several estimation and testing methods, abnormal positive returns are found for the targets. Some evidence of insider tradi [+]

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