The Impact of Expropriations on the Stock Prices of the Parent Companies: Sell on the rumor, buy on the news?

We measure the impact of warnings of expropriation and of forced divestments of pri- vate property on the stock prices of the parent company. We use a unique database of 116 events in 12 countries from 2005 to 2013. Our results show signi cant negative effects on the stock prices of different kinds...

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Autores:

Restrepo, Diana
Peña, Juan Ignacio

Tipo de recurso:

Fecha de publicación:

2016

Institución:

Universidad EAFIT

Repositorio:

Repositorio EAFIT

Idioma:

eng

OAI Identifier:

oai:repository.eafit.edu.co:10784/9014

Acceso en línea:

http://hdl.handle.net/10784/9014

Palabra clave:

Expropriation risk
Nationalization
Event study
Stock Market

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