Almost all recent US firm commitment IPOs between $20 million and $80 million in proceeds have been charged an underwriting spread of exactly 7%, while in the early 1980s only 25% of IPOs faced such clustering at exactly 7% [Chen and Ritter (2000)]. Such clustering, or specifically, the apparent...

In the business-to-business (B2B) sector, new supply-chain models within electronic marketplaces (eMarketplaces) offer firms significantly lower procurement costs, increased operating efficiencies, and expanded market opportunities. Using event-study methodology to look at the period July...

At the time of initiation, interest rate swaps are of zero market value to the counterparties involved. However, as time passes, the market value of the swap position of each counterparty may become positive or negative. These value changes are stochastic in nature and are primarily driven by...

At the time of initiation, interest rate swaps are of zero market value to the counterparties involved. However, as time passes, the market value of the swap position of each counterpart may become positive or negative. These value changes are stochastic in nature and are primarily driven by...

In the business-to-business (B2B) sector, new supply-chain models within electronic marketplaces (eMarketplaces) offer firms significantly lower procurement costs, increased operating efficiencies, and expanded market opportunities. Using event-study methodology to look at the period July...