Asset pricing and expected inflation

Article Abstract:

There is a negative relation between the expected return rates on investments in assets and (1) inflation, (2) changes in inflation, and (3) unexpected inflationary factors. An equilibrium model shows that the expected real rate of return and the rate of interest are, in effect, negatively related to an increase in inflation rates, of any type. The model also demonstrates that this rate falls less when the inflation is caused by growth in the money supply, than when it is the result of a deteriorating economy.

User Contributions:

Comment about this article or add new information about this topic:

Comment:  (50-4000 characters)

Name:

E-mail:

Security Code:

Display my email:

The distribution of target ownership and the division of gains in successful takeovers

Article Abstract:

This paper presents evidence that the distribution of target ownership is related to the division of the takeover gain between the target and the bidder for a sample of successful tender offers. In the whole sample, the target's gain is negatively related to bidder and institutional ownership. In the sample of multiple-bidder contests, the target's gain increases with managerial ownership and falls with institutional ownership. (Reprinted by permission of the publisher.)

User Contributions:

Comment about this article or add new information about this topic:

Comment:  (50-4000 characters)

Name:

E-mail:

Security Code:

Display my email:

Wealth destruction on a massive scale? A study on acquiring-firm returns in the recent merger wave

Article Abstract:

A study is conducted to find out the effect of acquisitions on the returns of acquiring-firm shareholders.

User Contributions:

Comment about this article or add new information about this topic:

Comment:  (50-4000 characters)

Name:

E-mail:

Security Code:

Display my email: