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

dc.contributor.author	Ocaña Pérez de Tudela, Oscar
dc.contributor.author	Peña, Juan Ignacio
dc.contributor.author	Robles, Dolores
dc.contributor.editor	Universidad Carlos III de Madrid. Departamento de Economía de la Empresa
dc.date.accessioned	2010-03-01T10:47:20Z
dc.date.available	2010-03-01T10:47:20Z
dc.date.issued	1994-07
dc.identifier.uri	http://hdl.handle.net/10016/7079
dc.description.abstract	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 trading is presented and itsı implications for market regulation are addressed.
dc.format.mimetype	application/pdf
dc.language.iso	eng
dc.relation.ispartofseries	UC3M Working papers. Business Economics
dc.relation.ispartofseries	94-28-04
dc.rights	Atribución-NoComercial-SinDerivadas 3.0 España
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.subject.other	Takeovers
dc.subject.other	Abnormal residuals
dc.subject.other	Market model
dc.title	Mergers and takeovers in Spain: empirical evidence on abnormal returns and insider trading
dc.type	workingPaper
dc.subject.eciencia	Empresa
dc.rights.accessRights	openAccess
dc.affiliation.dpto	UC3M. Departamento de Economía de la Empresa