THE JOURNAL OF FINANCE • VOL. LIX‚ NO. 1 • FEBRUARY 2004 Bondholder Wealth Effects in Mergers and Acquisitions: New Evidence from the 1980s and 1990s MATTHEW T. BILLETT‚ TAO-HSIEN DOLLY KING‚ and DAVID C. MAUER∗ ABSTRACT We examine the wealth effects of mergers and acquisitions on target and acquiring firm bondholders in the 1980s and 1990s. Consistent with a coinsurance effect‚ below investment grade target bonds earn significantly positive announcement period returns. By contrast‚ acquiring firm
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Social Justice: Distribution of Wealth Ever since an early human decided to give intrinsic value to a bushel of wheat for trade‚ money has been a quintessential part of human culture. As time has gone on‚ a flaw in this system has become apparent: some people have lots of money while others have very little. Today‚ this very flaw is the basis of a large portion of today’s issues‚ like corruption or poverty. Monetary Inequalities Wealth is distributed unequally amongst the world’s people. This issue
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French words 1. voilà! - literally "see there"; in French it can mean simply "there it is"; in English it is generally restricted to a triumphant revelation. 2. vis-à-vis- "face to face [with]": in comparison with or in relation to; opposed to. From "vis" (conjugated form of "viser‚" to see). In French‚ it’s also a real estate vocabulary word meaning that your windows and your neighbours’ are within sighting distance (more precisely‚ that you can see inside of their home) 3 .tête-à-tête - "head to
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So Much Media‚ So little News The Elusive Big Idea So little comments So little attention So much information‚ so little Idea The disease of new media has greatly shrink human minds that rub off on more and more people in this technology-accelerating world at present. Daily life nowadays has significant changed compare to ten years ago that office workers used to waiting for subway by reading a daily newspaper‚ housewives seating at balcony and reading a newspaper in the morning. But now
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People make promises that they fail to keep. Loved ones know that words alone are insufficient to keep and achieve our promises. Words are convincing‚ powerful‚ and provide essential explanations. However‚ they do not guarrantee that what has been said will be fulfilled. As the saying goes‚ "It’s easier said than done." A man can say he will get a better paying job‚ buy a new house for his family‚ and pay off the mortgage‚ but chances of those events happening are slim without having determination
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Argumentative Phrases PHRASES TO SHOW DIFFERENT PERSPECTIVES Looking through the lens of … Adopting a more macro perspective … In the larger scheme of things … In the long run/short term … In the political realm… Looking at the (economic) aspect of … PHRASES TO INTRODUCE ALTERNATIVE VIEWS One may argue that … Critics claim that … Naysayers decry… (E.g. Naysayers decry the loss of culture in society) Ultra pragmatists / conservatives / radicals / luddites may assert that … While [Subject/Example]
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Luis Hernandez English 3A Period 5 9/28/12 When someone describes their selves they usually say a ton of words that best fit them. Although many words help describe a person sometimes just one word is enough. The word that would best describe me I think would be pursuer. One thing that makes me a pursuer is my family‚ they raised me to never give up on my dreams and I want to do achieve my goals to give back to them. Along with that another reason is I am a pursuer because I try hard for
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the twenty first century. Companies use clever tactics‚ such as weasel words and psychological tactics to differentiate them from other companies. Words like better‚ improved‚ new‚ fast and so forth play a deciding factor when buying a product‚ and it is up to the consumer to analyze the truth behind these words. In the article “With These Words I Can Sell You Anything” by William Luts‚ he states that “Advertisers use weasel words to appear to be making a claim for a product when in fact they are making
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sterotyping when it happens is the reason it is so openly used. Let’s begin at birth‚ as soon as we are born we hear it’s a boy or it’s a girl. Then they throw either a pink or blue outfit on us. Then we are given toys that pertain to a certain gender. For example‚ girls get baby dolls and tea sets as to where boys get building blocks and tools. Dividing us into two groups‚ girls on this side and
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my ideas and thoughts to others. If I go out somewhere‚ i think I’m the one who seems to get the PARTY started‚ having fun is my things so thats pretty much why im out there. Second‚ I chose creative because I have always liked to draw and make up stories and characters. I even went to art institute almost 3years. And finally‚ I am a reliable person as well. I take pride in doing the things I say I am going to do and I hate to let people down. I am always there for my friends and family whenever
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