Search results for "event studies"
showing 2 items of 2 documents
Can an unglamorous non-event affect prices? The role of newspapers
2016
AbstractOur paper offers evidence that the print media can affect stock prices by covering public information. After price-to-book value figures of Italian listed shares were first published on the major national financial newspaper, the prices of value stocks did, on average, show a positive reaction. The price reaction was limited to small caps stocks and disappeared within three weeks. Over the period of analysis, we could not find any abnormal behaviour of the returns of small and value stocks on other European markets. These findings support the view that newspapers play a role in disseminating information to small investors and grabbing their attention, even if news are continuously r…
Theorising about barriers to open e-learning systems in public administrations
2018
Abstract Barriers to the general use of e-learning technology are known across various contexts. Despite increasing efforts to clarify the range of these barriers, few efforts have been made to advance the theorising about them and, thus, to answer why and how they unfold. This study is motivated to overcome this unaddressed problem and develops a process model based on adaptive structuration theory (AST) and the punctuated socio-technical change model (PSIC). It represents how barriers unfold between actors, technology, and organisational properties in public administrations. The PaSIC model provides a new perspective on how critical incidents drive the emergence and progress of barriers t…