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Risk information - normal markets and the COVID-19 pandemic period
(Indian Institute of Management Ahmedabad, 2022-10-06)
The paper investigates how the market infers changes in the firm-level discount rate
(risk information) in normal and turbulent times. The study focuses on two key sources
of risk information, earnings announcements of ...
Fishing in muddy waters: mergers and acquisitions during uncertainty
(Indian Institute of Management Ahmedabad, 2022-10-26)
Using the COVID-19 pandemic as an exogenous shock, we examine whether
firms engage in opportunistic mergers and acquisitions during uncertainty. Par-
ticularly, we analyze the inorganic growth strategies of acquiring ...