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Questions tagged [corporate-actions]

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0answers
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Headquarter Relocation and Stock Return - Influence of Universities

Scott Galloway states in chapter 8, The T Algorithm, in his book The Four: The Hidden DNA of Amazon, Apple, Facebook, and Google, that a successful strategy to become a "trillion dollar company" must ...
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2answers
180 views

Identify stock split from historical price data

I have price series data with open, high, low, close and adjusted close for different companies. I am not sure whether this data is adjusted for stock splits or not and would like to know how to check ...
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1answer
79 views

Buy firm, leverage and sell, seems like arbitrage strategy. What's wrong with this argument?

I recently came across with someone valuing a firm with different D/E ratios. My question is that this looks a bit spurious in that its mechanical. For instance if one wants to buy an unlevered firm ...
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0answers
75 views

Valuation of a company

Alpha Corp purchases Beta Sub. Alpha Corp finances the purchase price of € 100 million by raising € 50 million in debt and € 50 million in equity issued by Alpha. The debt is risk free and the ...
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0answers
132 views

What does it mean for an instrument to be delisted and have it's common id changed on the same day?

I am building a program that tracks securities over time and I am using Bloomberg Back Office as my raw data input. I have run into the case, several times now, where a given security will have the "...
3
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0answers
32 views

How to calculate which companies moved their earnings dates?

Are there ways to quantify which percentage of companies make a change to their quarterly earnings dates? For example company X was scheduled to report results on February 8 and the date is moved to ...
2
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0answers
76 views

Capital increase: which stock price to use as input to Black-Scholes formula?

For an exercise we have to calculate the theoretical value of a scrip / preferential right on its issue day (23 April) in the context of a capital increase. The scrips are issued on 23 April. The ...
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0answers
26 views

Can one company pays more corporate income tax then it earns?

PWC has made an interactive table (include 189 countries), about the the number of payments what the companies have to pay in one country. The table shows that how many percentage of their profit have ...
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2answers
317 views

Handling upcoming corporate actions for equity portfolio

I have an equity statarb strategy developed using CRSP daily data. The strategy is always invested (long or short) in around 400 stocks. The ...
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2answers
83 views

Why aren't there any single owner companies over a billion dollars? [closed]

The biggest companies have multiple owners which dilute the authority and finances of the company. They are either publicly traded companies via selling shares through stock markets, or privatly owned ...
2
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0answers
47 views

What is the the correct treatment while short for the cash in lieu of a reverse split?

Long case: Assume I am Long 50 shares and there is a 2 for 3 reverse split. Let's denote the quantity of stock by x Prior to the split Portfolio is $-cash_0$ $+50x$ I am then at $-cash_0 +33x +\...
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0answers
126 views

forward- and backward adjusting stockprices

Do you guys know if a paper has been published that discusses forward- and backward adjusted stockprices, and the look ahead bias coming from backward adjusted data?
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0answers
204 views

How companies choose earnings release dates, & effect on Implied Volatility

A company's earnings release date significantly affects weekly or monthly option prices/implied volatility. For companies that typically release earnings on the cusp of monthly options expiration, ...
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3answers
2k views

How do strategies deal with corporate actions?

There are many corporate actions that will affect the stock price, like dividend, stock split and rights. Given a large series of historical price data, how do we adjust the data to filter out the ...