I document strong empirical evidence showing that in the face of unexpected industry shocks a majority of acquirers may pursue takeovers to catch up with competitors. This overriding motive for takeover leads to an important selfselection problem that is largely overlooked in previous studies: acquirers are more likely to be the firms that have high potential to create value in takeovers, but m...

BACKGROUND Leafhoppers (HEmiptera: Cicadellidae) are plant-phloem feeders that are known for their ability to vector plant pathogens. The black-faced leafhopper (Graminella nigrifrons) has been identified as the only known vector for the Maize fine streak virus (MFSV), an emerging plant pathogen in the Rhabdoviridae. Within G. nigrifrons populations, individuals can be experimentally separated ...

This paper focuses on the effect of mergers and acquisitions (M&As) announcements stocks Latin American banks their rivals between 2000 2019. We evaluate two impacts M&A announcements: cumulative abnormal returns (CAR) event-induced variance (EIV). use GARCH-based event-study method, finding that acquirers target have a statistically significant CAR targets are not affected by announcements. ob...

Existing literature documents that large acquisitions destroy more value for acquiring shareholders than small acquisitions and attributes this to overpayment driven by managerial incentives and/or overconfidence. Nevertheless, the less intense competition, higher value at stake, lower managerial ownership and/or sizeable complexity of post-merger integration associated with large targets can r...

Karst aquifers are often classified as highly heterogeneous systems. Such systems are very complex to assess and model due to the presence of discontinuous porosity, large spatial variability of hydraulic parameters and the difficulties encountered in establishing the fundamental spatial properties of the system. In fact, karst aquifers have been studied and classified into groups based on seve...

Acquisition announcements generate predictable movements in the price of the acquirer’s stock. For example, post-announcement returns are typically negative for high Tobin’s q acquirers, stock transactions, and foreign targets, but positive for private equity-backed private targets. Pre-announcement trading of acquirer’s stock is more likely to be attributable to insider trading when the pre-an...

Rainfall-Runoff modeling is among the classical applications of hydrology. This paper examines results 3 hydrologic approaches, particularly Clark Model, Nash and Geomorphic Instantaneous Unit Hydrograph Model. Assumptions are forwarded for long run use Rawalpindi Division, Pakistan’s Small Dam Organization. The catchment Shahpur was an area under consideration study. Digital elevation model (D...