Matches in SemOpenAlex for { <https://semopenalex.org/work/W2004256804> ?p ?o ?g. }
- W2004256804 endingPage "188" @default.
- W2004256804 startingPage "161" @default.
- W2004256804 abstract "Using several microstructure variables, this study provides an intra-day examination of aggressive trading around Australian takeover announcements. We conduct this analysis for both target and bidding firms. We examine aggressive trading (i.e. by those who initiate the trade) using the abnormal behaviour of returns, trading volume, volatility and time-weighted spreads and depth. In addition, we develop a novel profit/loss measure (PLM) based on trade initiation and provide new evidence using the recently developed volume-synchronised probability of informed trading (VPIN) metric. In a univariate setting, these measures provide evidence of increased aggressive trading in Australian target firms. Further, after controlling for several microstructure variables, multivariate analysis reveals the presence of abnormally elevated time-weighted spreads prior to the announcement date for target firms. We show that VPIN is significantly elevated for target firms, especially in the four days prior to the takeover announcement." @default.
- W2004256804 created "2016-06-24" @default.
- W2004256804 creator A5019848877 @default.
- W2004256804 creator A5058699081 @default.
- W2004256804 creator A5070580715 @default.
- W2004256804 date "2014-02-19" @default.
- W2004256804 modified "2023-09-25" @default.
- W2004256804 title "The microstructure of Australian takeover announcements" @default.
- W2004256804 cites W1966977762 @default.
- W2004256804 cites W1976382092 @default.
- W2004256804 cites W1979986072 @default.
- W2004256804 cites W1981992805 @default.
- W2004256804 cites W1986761114 @default.
- W2004256804 cites W1992342363 @default.
- W2004256804 cites W1995527410 @default.
- W2004256804 cites W1998369860 @default.
- W2004256804 cites W2007324021 @default.
- W2004256804 cites W2022231495 @default.
- W2004256804 cites W2029471586 @default.
- W2004256804 cites W2034903818 @default.
- W2004256804 cites W2035606631 @default.
- W2004256804 cites W2053417923 @default.
- W2004256804 cites W2058740981 @default.
- W2004256804 cites W2086796026 @default.
- W2004256804 cites W2087582955 @default.
- W2004256804 cites W2088503847 @default.
- W2004256804 cites W2090486135 @default.
- W2004256804 cites W2095008219 @default.
- W2004256804 cites W2095989483 @default.
- W2004256804 cites W2100746131 @default.
- W2004256804 cites W2104786852 @default.
- W2004256804 cites W2112439978 @default.
- W2004256804 cites W2114233347 @default.
- W2004256804 cites W2118549680 @default.
- W2004256804 cites W2134653421 @default.
- W2004256804 cites W2134839190 @default.
- W2004256804 cites W2150232907 @default.
- W2004256804 cites W2166942361 @default.
- W2004256804 cites W2747531703 @default.
- W2004256804 cites W3121361302 @default.
- W2004256804 cites W3122015128 @default.
- W2004256804 cites W3123071367 @default.
- W2004256804 cites W3124760153 @default.
- W2004256804 cites W3125043070 @default.
- W2004256804 cites W3125390821 @default.
- W2004256804 cites W3125791077 @default.
- W2004256804 cites W4376849534 @default.
- W2004256804 doi "https://doi.org/10.1177/0312896213517247" @default.
- W2004256804 hasPublicationYear "2014" @default.
- W2004256804 type Work @default.
- W2004256804 sameAs 2004256804 @default.
- W2004256804 citedByCount "10" @default.
- W2004256804 countsByYear W20042568042015 @default.
- W2004256804 countsByYear W20042568042016 @default.
- W2004256804 countsByYear W20042568042018 @default.
- W2004256804 countsByYear W20042568042019 @default.
- W2004256804 countsByYear W20042568042020 @default.
- W2004256804 countsByYear W20042568042022 @default.
- W2004256804 crossrefType "journal-article" @default.
- W2004256804 hasAuthorship W2004256804A5019848877 @default.
- W2004256804 hasAuthorship W2004256804A5058699081 @default.
- W2004256804 hasAuthorship W2004256804A5070580715 @default.
- W2004256804 hasBestOaLocation W20042568042 @default.
- W2004256804 hasConcept C10138342 @default.
- W2004256804 hasConcept C105795698 @default.
- W2004256804 hasConcept C106159729 @default.
- W2004256804 hasConcept C119857082 @default.
- W2004256804 hasConcept C131562839 @default.
- W2004256804 hasConcept C144133560 @default.
- W2004256804 hasConcept C149782125 @default.
- W2004256804 hasConcept C161584116 @default.
- W2004256804 hasConcept C162324750 @default.
- W2004256804 hasConcept C162853370 @default.
- W2004256804 hasConcept C182306322 @default.
- W2004256804 hasConcept C199163554 @default.
- W2004256804 hasConcept C24683644 @default.
- W2004256804 hasConcept C2780148112 @default.
- W2004256804 hasConcept C33923547 @default.
- W2004256804 hasConcept C41008148 @default.
- W2004256804 hasConcept C51926234 @default.
- W2004256804 hasConcept C556758197 @default.
- W2004256804 hasConcept C78508483 @default.
- W2004256804 hasConcept C91602232 @default.
- W2004256804 hasConcept C9233905 @default.
- W2004256804 hasConceptScore W2004256804C10138342 @default.
- W2004256804 hasConceptScore W2004256804C105795698 @default.
- W2004256804 hasConceptScore W2004256804C106159729 @default.
- W2004256804 hasConceptScore W2004256804C119857082 @default.
- W2004256804 hasConceptScore W2004256804C131562839 @default.
- W2004256804 hasConceptScore W2004256804C144133560 @default.
- W2004256804 hasConceptScore W2004256804C149782125 @default.
- W2004256804 hasConceptScore W2004256804C161584116 @default.
- W2004256804 hasConceptScore W2004256804C162324750 @default.
- W2004256804 hasConceptScore W2004256804C162853370 @default.
- W2004256804 hasConceptScore W2004256804C182306322 @default.
- W2004256804 hasConceptScore W2004256804C199163554 @default.
- W2004256804 hasConceptScore W2004256804C24683644 @default.
- W2004256804 hasConceptScore W2004256804C2780148112 @default.