Similar Search Results

Factores determinantes de la salida a bolsa en España

Farinos, Joaquín; Sanchis, Vicente - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2009

Though the going public decision has been addressed by several theories, empirical research is particularly scarce to European countries. This is the first research in the Spanish market that investigates ex ante and ex post characteristics of IPO firms, using a large database of private held...

Persistent link: https://www.econbiz.de/10004992780

COMPORTAMIENTO DEL PRECIO Y VOLATILIDAD EN EL POOL ELÉCTRICO ESPAÑOL

León, Ángel; Rubia, Antonio - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2001

The aim of this paper consists of describing, analysing and modelling the dynamic of dailyprice series and its volatility in the Spanish Wholesale Electricity Market. The article describes themain characteristics of the sector after the deregulation process and the factors that establish...

Persistent link: https://www.econbiz.de/10005731102

CONCENTRACIÓN ACCIONARIAL Y LIQUIDEZ DE MERCADO: UN ANALISIS CON ECUACIONES SIMULTÁNEAS

Vera, Antonio Mínguez; Ugedo, Juan Francisco Martín - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2003

This paper analyzes the relationship between ownership concentration andshares liquidity for a sample of 115 listed firms that traded during the period from April2000 to December 2000. Results show a negative influence of ownership of directors,major shareholders and outside shareholders on...

Persistent link: https://www.econbiz.de/10005731121

- EVALUATION OF THE FIXING TRADING SYSTEM IN THE SPANISH MARKET

Abad, David; Rubia, Antonio - Instituto Valenciano de Investigaciones Económicas (IVIE) - 1999

In 1998 the Fixing trading system was implemented in the Spanish Stock Market. It is considered an alternative to the traditional system of continuous negotiation, applicable to those stocks that have a series of basic characteristics in common. It represents an important innovation, the...

Persistent link: https://www.econbiz.de/10005731151

Corporate governance and impression management in annual press releases

Osma, Beatriz García; Saorín, Encarna Guillamón - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2009

We study the association between corporate governance and impression management in annual results press releases (ARPRs). Press releases constitute a timely vehicle to communicate firm performance to third parties. However, oftentimes, managers provide self-serving disclosures that attempt to...

Persistent link: https://www.econbiz.de/10005731173

SINGLE FACTOR STOCHASTIC MODELS WITH SEASONALITY APPLIED TO UNDERLYING WEATHER DERIVATIVES VARIABLES

Valor, Enric; Torró, Hipòlit; Meneu, Vicente - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2001

This paper estimates single factor stochastic models describing daily air temperature behaviour. We modify classical financial models to reflect temperature seasonality and fit them to a time series representing temperatures in Spain. The estimated models are used in Montecarlo simulations to...

Persistent link: https://www.econbiz.de/10005812815

EL VALOR DE LAS RECOMENDACIONES DE CONSENSO DE LOS ANALISTAS FINANCIEROS EN EL MERCADO DE CAPITALES ESPAÑOL

Sala, Juan Carlos Gómez; Espinosa, Germán López - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2005

In this paper we examine the value of analysts’ stock recommendations in the Spanish capital market in the period 1994-2003, using data from JCF Quant. In every month of the sample period the assets have been classified into five portfolios first attending its consensus recommendations level...

Persistent link: https://www.econbiz.de/10005812840

Consumption, liquidity and the cross-sectional variation of expected returns

Márquez, Elena; Doménech, Belén Nieto; Irigoyen, … - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2010

Recent papers in asset pricing have added a market-wide liquidity factor to traditional portfolio-based or factor models. However, none of these papers has reported any evidence on how aggregate liquidity behaves together with consumption growth risk. This paper covers this gap by providing a...

Persistent link: https://www.econbiz.de/10008500660

THE DETERMINANTS OF THE GOING PUBLIC DECISION: EVIDENCE FROM THE U.K.

Albornoz, Belén Gill de; Pope, Peter F. - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2004

Several theoretical papers have addressed the question of why firms raise public equity. However, direct empirical evidence on the characteristics of firms going public is scarce and limited to non-Anglo-Saxon contexts. Our research combines the analysis of ex ante and ex post characteristics of...

Persistent link: https://www.econbiz.de/10005731332

- CAPITAL HUMANO Y CONVERGENCIA REGIONAL

Martínez, Lorenzo Serrano - Instituto Valenciano de Investigaciones Económicas (IVIE) - 1998

This paper analyzes the relationship between human capital and convergence with a model that takes into account the … different effects of human capital accumulation on regional convergence. As an input, human capital produces convergence due to … convergence rate has been relatively small. The results indicate the potential role of educational policy in order to achieve a …

Persistent link: https://www.econbiz.de/10005212521