Similar Search Results

TAMAÑO DE TRANSACCIONES, INTRODUCCIÓN DE ÓRDENES Y PREFERENCIAS POR PRECIOS EN LOS SPLITS DE ACCIONES

Sala, Juan Carlos Gómez; Yagüe, José - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2002

In this study we analyse the effect of stock splits on stocks¿ trading activity using intraday data from a sample of 46 stock splits from the Spanish stock market. In particular, we study changes to trading activity, trading composition, the information asymmetry of stocks, the distribution of...

Persistent link: https://www.econbiz.de/10005731106

FACTORES EXPLICATIVOS DEL REPARTO DE DIVIDENDOS A CUENTA EN LAS EMPRESAS ESPAÑOLAS

Guzmán, Isidoro - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2004

This paper analyzes the relationship between economic-financial ratios and thedecision of distributing interim dividends by Spanish firms. With that purpose, we takea sample of non-financial companies quoting in the Spanish Stock Market during theperiod from 1999 to 2001. We choose a...

Persistent link: https://www.econbiz.de/10005731170

- RENTABILIDAD Y LIQUIDEZ ALREDEDOR DE LOS SPLITS

Sala, Juan Carlos Gómez - Instituto Valenciano de Investigaciones Económicas (IVIE) - 1999

This paper examines the empirical behaviour of stock prices around the ex dates of stock splits in order to detect anomalous returns. Also, it is investigated the determinant factors of the split size, its effects on the liquidity and the influence of the market microstructure in the abnormal...

Persistent link: https://www.econbiz.de/10005731172

Pricing executive stock options under employment shocks

Valle, Ángel León; Vaello, Antonio; Carmona, Julio - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2009

We obtain explicit expressions for the subjective, objective and market value of perpetual executive stock options (ESOs) under exogenous employment shocks driven by an independent Poisson process. Within this setup,we obtain the executive's optimal exercise policy which allows us to analyze the...

Persistent link: https://www.econbiz.de/10008602637

EVIDENCIA ADICIONAL DEL EFECTO SOBRE-REACCIÓN EN EL MERCADO ESPAÑOL DE CAPITALES

Forner, Carlos; Marhuenda, Joaquín - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2002

In a previous work, Forner and Marhuenda (2001) find that the contrarian strategy, thatis, the forming of a zero-investment portfolio that buys the stocks that have performed poorly inthe past (losers) and sells those that have performed well (winners), does not yield abnormallypositive returns...

Persistent link: https://www.econbiz.de/10005515799

- RENDIMIENTOS BURSÁTILES Y EFICIENCIA PRODUCTIVA: EL CASO DE LA BANCA ESPAÑOLA

Villarroya, Joaquín Maudos; Muñoz, Manuel Illueca - Instituto Valenciano de Investigaciones Económicas (IVIE) - 1998

relate the efficiency with bank management quality, we first analysed the effect of efficiency on the systematic risk of …

Persistent link: https://www.econbiz.de/10005515872

- ¿EXISTE EN EL MERCADO ESPAÑOL UN EFECTO SOBRE-REACCIÓN?.

Forner, Carlos; Marhuenda, Joaquín - Instituto Valenciano de Investigaciones Económicas (IVIE) - 1999

Several studies have shown that the contrarian strategy, or the forming of a zeroinvestmentportfolio that buys the stocks that have performed poorly in the past (losers) andsells those that have performed well (winners), creates abnormally positive returns in thefuture. Many hypotheses have been...

Persistent link: https://www.econbiz.de/10005812843

POLÍTICA DE DIVIDENDOS, RIESGO, ENDEUDAMIENTO Y ESTRUCTURA DE PROPIEDAD: UN ANÁLISIS PARA EL MERCADO ESPAÑOL

Vera, Antonio Mínguez - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2006

This paper analyzes the relationship between the dividend and debt policies, firm risk and the director’s ownership …. Firstly, the results show that the payment of dividends reduces the risk and the leverage, and increases the ownership …. Secondly, the firm risk presents a negative effect on the debt ratio and on the payment of dividends and a positive …

Persistent link: https://www.econbiz.de/10005212513

LA INFLUENCIA DEL PODER DE LA DIRECCION EN EL RIESGO Y EN EL VALOR DE LA EMPRESA: EVIDENCIA PARA EL MERCADO ESPAÑOL

Mínguez, Antonio; Ugedo, Juan Francisco Martín - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2005

This paper analyzes the effect of the power of the chairman and CEO on firm risk. As proxies of power several variables … being founders, their tenure, their shareholding and the size of the board. Risk has been measured by the systematic and the … Spanish market. Results show that the fact of being founders and the accumulation of titles increases risk and the size of the …

Persistent link: https://www.econbiz.de/10005212539