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determinants of short-run underpricing of 169 IPOs listed on the Athens Stock Exchange (ASE) over the period 1997-2002. The initial … evidence of significant underpricing. Furthermore, the cross sectional analysis on the determinants of the IPOs shows that both … the underwriters’ prestige and the times of oversubscription significantly affect the underpricing level of the IPOs over …
Persistent link: https://www.econbiz.de/10005561626
investment bank-differentiating factors (such as underwriter prestige, analyst coverage, industry expertise, under-pricing, price …
Persistent link: https://www.econbiz.de/10005561648
In recent years the number of going private transactions has sharply increased in emerging markets. The purpose of this study is to establish the financial characteristics of companies that have gone private using a dataset comprising of Polish companies. We use a probit model to distinguish the...
Persistent link: https://www.econbiz.de/10005077039
This paper examines the effect of ownership structure on the firm performance for an unbalanced panel of 2478 Indian corporate firms from 1994 to 2000. We examine the effect of interactions between corporate, foreign, institutional, and managerial ownership on firm performance. Using panel data...
Persistent link: https://www.econbiz.de/10005134786
This study investigates the firm financing patterns in India and the role of corporate governance mechanisms. We use firm-level time series data of nearly 2000 listed companies from 1994 through 2000, to analyze the firm’s corporate financing behavior in connection with its corporate...
Persistent link: https://www.econbiz.de/10005134838
This paper investigates the association between the corporate governance and the dividends payout policy for a panel of Indian corporate firms over the period 1994-2000. We explain the differences in the dividend payout behavior of the firms with the help of firm’s financial structure,...
Persistent link: https://www.econbiz.de/10005413214
This paper works with a broad data sample of Czech voucher-privatized firms during 1996 - 1999. It analyzes the development of ownership structure and consequently its effect on a firm's performance Ownership concentration had been quite high in 1996 and steadily increased. The single largest...
Persistent link: https://www.econbiz.de/10005556293
External agents are frequently characterized as necessary for efficiency in team production settings. At the same time, these agents must be constrained from opportunistically exercising their enforcement capabilities. I argue that collective action costs and formal institutions (e.g., golden...
Persistent link: https://www.econbiz.de/10005561787
This study is concerned with the components of the total seigniorage revenues that have been collected by the Turkish governments during the years 1970-1997. Traditionally, a government can increase the monetary base in order to finance its expenditures partially. This form of monetary finance...
Persistent link: https://www.econbiz.de/10005076728
Section of Cyprus are preparing their economy for a full-membership to the EU while Turkey, as an associate- member of the … Union since 1963 and as a part of customs union between Turkey and the EU since 1996, seems to be excluded from the next EU … Turkey different than the 11 membership candidate countries and the EU countries in terms of the ten selected macroeconomic …
Persistent link: https://www.econbiz.de/10005076843