Trading Responses to Negative Signals
Theoretical Economics Letters, ISSN: 2162-2078, Vol: 04, Issue: 06, Page: 378-385
2014
- 1Citations
- 18Usage
- 1Captures
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Example: if you select the 1-year option for an article published in 2019 and a metric category shows 90%, that means that the article or review is performing better than 90% of the other articles/reviews published in that journal in 2019. If you select the 3-year option for the same article published in 2019 and the metric category shows 90%, that means that the article or review is performing better than 90% of the other articles/reviews published in that journal in 2019, 2018 and 2017.
Citation Benchmarking is provided by Scopus and SciVal and is different from the metrics context provided by PlumX Metrics.
Metrics Details
- Citations1
- Citation Indexes1
- CrossRef1
- Usage18
- Downloads14
- Abstract Views4
- Captures1
- Readers1
Article Description
Mergers may be undertaken by giving shareholders of the target firm the right to exchange their stock for stock in the combined firm. Such stock mergers release the negative signal that the acquiring firm lacks cash. Informed traders seeking immediate gain may short sell acquirer stock or buy puts and sell calls. Liquidity traders, desiring longterm gain, may purchase stock or call options to benefit from lower stock prices, or sell stock or buy put options to maintain liquidity. This paper constructs a theoretical model in which option volume forms the bounds of the final stock price for informed traders while random stock purchase or sale volume establishes the final stock price for liquidity traders.
Bibliographic Details
http://www.scirp.org/journal/doi.aspx?DOI=10.4236/tel.2014.46049; http://www.scirp.org/journal/PaperDownload.aspx?DOI=10.4236/tel.2014.46049; http://dx.doi.org/10.4236/tel.2014.46049; https://nsuworks.nova.edu/hcbe_facarticles/805; https://nsuworks.nova.edu/cgi/viewcontent.cgi?article=1810&context=hcbe_facarticles; https://dx.doi.org/10.4236/tel.2014.46049; https://www.scirp.org/journal/paperinformation?paperid=46787
Scientific Research Publishing, Inc,
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