Proceedings

A.M. expirations abnormal returns acquisition alphas announcement antitakeover arbitrage stock trades autocorrelations average beta bid-ask spread bond business cycle capital cash flow coefficient companies component control Fridays corporate governance correlation currency debt defined contribution plans disclosures earnings effect equity estimates evidence expected returns expiration stocks Fama Financial Economics floating exchange rates glamour stocks growth rates hedge horizons hypothesis impact increase index arbitrage industry peer inflation rates interest rates investors IPOs Japan Journal of Financial lagged lawsuit firms leverage liquidity managers measured monthly NASDAQ negative Nikkei index NYSE Panel percent performance poison pill positive predict premium price changes proxy public pension funds R&D expenditures ratio real exchange rate regression relative reported risk sample period securities shareholders significant spot exchange rate statistics stock market stock price stock returns t-statistic Table takeover total assets U.S. dollar value stocks value strategies variance volatility voting