Despite the growing importance of funds through corporate bonds, most investigations on the short-term effects of certain events on firm value are only conducted for stocks. Thus, research provides an incomplete view on how firm value is truly affected. The author fills this gap and focuses his research on corporate debt. The first section of the book provides a comprehensive overview of existing methodologies to calculate abnormal bond returns. Subsequently, two frameworks are selected to investigate the importance of corporate debt when empirically assessing major corporate events: Synergy disclosure at M&A announcements and debt offerings through reopenings. Both provide evidence for the necessity to regard corporate debt to fully assess changes in firm value.
New Polities and New Men
Marcelo Caruso and Daniel Maul
New polities emerged during the processes of decolonization. The break with the colonial past was not only political, but also more general. While conventional wisdom defines education as a field of action reproducing society in time, decolo-nization placed broader and more radical demands on the field: to produce a new society. For this purpose, new forms of education and schooling were required, although the importance of inherited institutions and practices in education were still significant. This collection of chapters offers scholarly insights into this problem by covering different processes of decolonization and the challenges of education in the last two hundred years.