Artikel
Capital acquisition attitudes: Gender and experience
We investigated the stock price behavior of public pharmaceutical and biotechnology companies upon approval of a drug by the Food and Drug Administration (FDA). Using event study methodology, we examine the reaction caused by the approval, separating it from the asset price movements caused by other factors such as market and industry effects. The results are then used to validate the model developed in this article as an alternative to the explanations given by Sharma and Lacey (2004). The results of this study support the Efficient Market Hypothesis, i.e. that the market reacts to the new information quickly and clearly.
- Sprache
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Englisch
- Erschienen in
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Journal: Journal of Entrepreneurial Finance, JEF ; ISSN: 1551-9570 ; Volume: 12 ; Year: 2007 ; Issue: 2 ; Pages: 55-73 ; Montrose, CA: The Academy of Entrepreneurial Finance (AEF)
- Klassifikation
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Management
- Ereignis
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Geistige Schöpfung
- (wer)
-
Carter, Richard B.
Van Auken, Howard
- Ereignis
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Veröffentlichung
- (wer)
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The Academy of Entrepreneurial Finance (AEF)
- (wo)
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Montrose, CA
- (wann)
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2007
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Carter, Richard B.
- Van Auken, Howard
- The Academy of Entrepreneurial Finance (AEF)
Entstanden
- 2007
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