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Market Reaction and Volatility in the Brazilian Stock Market
Medeiros, Otavio Ribeiro De; Matsumoto, Alberto Shigueru - EconWPA - 2004
We perform an event study to investigate stock returns associated to the announcement of equity issues by Brazilian firms between 1992 and 2003 aiming to determine the market reaction before, during, and after the issue announcement. After measuring abnormal returns by OLS, we used ARCH and...
Persistent link: https://www.econbiz.de/10005134785
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The choice between rights offerings and private equity placements
Cronqvist, Henrik; Nilsson, Mattias - Economics Institute for Research (SIR), … - 2001
We develop and test a nested logit model to examine how firms choose between a rights offering and a private equity placement. We find that family-controlled firms avoid issue methods that dilute control benefits or subject them to more monitoring, in particular when the family’s control...
Persistent link: https://www.econbiz.de/10005649130
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Shareholder gains from equity private placements: Evidence from the Stockholm Stock Exchange
Molin, Johan - Economics Institute for Research (SIR), … - 1996
This paper examines the stock price reactions to equity private placements and rights issues on the stockholm Stock Exchange and analyzes private placement discounts. The combined results reinforce the preliminary support for Wruck's (1989) monitoring hypothesis and the Hertzel and smith (1993)...
Persistent link: https://www.econbiz.de/10005649221
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An Empirical Analysis of Market Reaction Around the Bonus Issues in India
Mishra, Asim - EconWPA - 2005
Past researches have revealed significant abnormal returns for bonus issues even though the bonus issue date is known in advance and the distribution contains no new information. This study examines the stock price reaction to the information content of bonus issues with a view of examining the...
Persistent link: https://www.econbiz.de/10005134827
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An Empirical Analasis of Market reaction Around the Bonus Issues in India
Mishra, Asim - EconWPA - 2005
Past researches have revealed significant abnormal returns for bonus issues even though the bonus issue date is known in advance and the distribution contains no new information. This study examines the stock price reaction to the information content of bonus issues with a view of examining the...
Persistent link: https://www.econbiz.de/10005413084
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The Swedish Finance Company Crisis -- Could It Have Been Anticipated?
Jennergren, L. Peter - Economics Institute for Research (SIR), … - 2001
The Swedish finance company crisis was a kind of "run" that happened in September, 1990. It marked the beginning of the … Swedish banking crisis of the early 1990's. The crisis was initially focused on the finance company Nyckeln. The specific … authority and to the banks that were involved in lending to the finance companies. The paper then inquires whether there were …
Persistent link: https://www.econbiz.de/10005626797
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Exogenous shocks and real estate rental markets: An event study of the 9/11 attacks and their impact on the New York office market
Fuerst, Franz - EconWPA - 2005
Any attempt to measure the impact of the 9/11 attacks is faced with the difficulty of separating the effects of the attacks from the impact of a wider economic recession and other simultaneous events. This study attempts to isolate the effect on New York office rental and vacancy rates by...
Persistent link: https://www.econbiz.de/10005561660
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Intermediate Public Economics
Hindriks, Jean; Myles, Gareth D. - The MIT Press
but in its balance between public finance and public choice and its combination of theory and relevant empirical evidence …
Persistent link: https://www.econbiz.de/10010905536
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Economics After the Crisis: Objectives and Means
Turner, Adair - The MIT Press
The global economic crisis of 2008-2009 seemed a crisis not just of economic performance but also of the system’s underlying political ideology and economic theory. But a second Great Depression was averted, and the radical shift to New Deal-like economic policies predicted by some never took...
Persistent link: https://www.econbiz.de/10010905537
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Trade and Poverty: When the Third World Fell Behind
Williamson, Jeffrey G. - The MIT Press
Today's wide economic gap between the postindustrial countries of the West and the poorer countries of the third world is not new. Fifty years ago, the world economic order--two hundred years in the making--was already characterized by a vast difference in per capita income between rich and poor...
Persistent link: https://www.econbiz.de/10010905538