Target insiders' preferences when trading before takeover announcements: Deal completion probability, premium and deal characteristics

Informed Options Trading prior to Takeover Announcements: Insider Trading?∗

We quantify the pervasiveness of informed trading activity in target companies’ equity options before M&A announcements. About 25% of takeovers have positive abnormal volumes, which are greater for short-dated out-of-the-money calls, consistent with bullish directional trading ahead of the announcement. Over half of this abnormal activity cannot be explained by speculation, news and rumors, tra...

Are the New Deal Target Groupings Well Founded? An Examination of Job Search Success Before the New Deal

This study examines the appropriateness of the New Deal in targeting specific groups of unemployed jobseekers. This is done using a survey of unemployed jobseekers carried out prior to the implementation of the New Deal framework in April 1998. A sample of 169 unemployed jobseekers in two Travel to Work Areas in central Scotland is divided into those who were successful and those who were unsuc...

Big Deal - good deal? Or is there a better deal?

Deal or No Deal? - Asessing the Daily Deal Shopper

We build upon previous work done in online shopping segmentation but follow a customer-revealed approach by using an explorative cluster analysis on a sample of 11,848 daily deal shoppers located in Switzerland. We identify six segments into which the daily deal shoppers can be categorized: recreational shoppers, mobile shoppers, traditionalists, bargain hunters, socializers, and convenience se...

When Bioterrorism Was No Big Deal

When Bioterrorism Was No Big Deal To better understand the potential economic repercussions of a bioterrorist attack, this paper explores the effects of several catastrophic epidemics that struck American cities between 1690 and 1880. The epidemics considered here killed between 10 and 25 percent of the urban population studied. A particular emphasis is placed on smallpox and yellow fever, both...