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Analysis into IPO underpricing and clustering in Hong Kong equity market
Qiao, Yongyuan - Volkswirtschaftliche Fakultät, … - 2008
liquidity than industry specific risk characteristics. …
Persistent link: https://www.econbiz.de/10005789232
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Introducing contemporaneous open-outcry and e-trading at the Chicago Board of Trade
Ulibarri, Carlos A. - Volkswirtschaftliche Fakultät, … - 2004
This study uses a vector error correction (VEC) model to examine price-volume relationships between open outcry and e-trading at the Chicago Board of Trade. We test whether equilibrium price corrections on one system are independent of the other, and whether this price behavior is more sensitive...
Persistent link: https://www.econbiz.de/10005070463
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Collateral Optimization : Liquidity & Funding Value Adjustments, - Best Practices -
Genest, Benoit; Rego, David; Freon, Helene - Volkswirtschaftliche Fakultät, … - 2013
). • Considering Management of Liquidity Issues, banks should carefully consider Collateral Management in case of liquidity issues (e …
Persistent link: https://www.econbiz.de/10011201776
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Liquidity and Asset Prices
Amihud, Yakov; Mendelson, Haim; Pedersen, Lasse Heje - Volkswirtschaftliche Fakultät, … - 2005
We review the theories on how liquidity affects the required returns of capital assets and the empirical studies that … test these theories. The theory predicts that both the level of liquidity and liquidity risk are priced, and empirical … studies find the effects of liquidity on asset prices to be statistically significant and economically important, controlling …
Persistent link: https://www.econbiz.de/10008645110
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Evolution of security transaction tax in India
Sinha, Pankaj; Mathur, Kritika - Volkswirtschaftliche Fakultät, … - 2012
Securities Transaction Taxes have received much attention over the last few years with countries and global organizations trying to control the level of speculations, especially since the Global Financial Crisis. This study examines the impact of an increase in the level of securities...
Persistent link: https://www.econbiz.de/10011107269
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Exploring Determinant Factors of Bond Trading with Inventory Management Theory (Case Study of Indonesian Capital Market, January – March 2009)
Wahyudi, Imam; Robbi, Abdu - Volkswirtschaftliche Fakultät, … - 2009
more about bond liquidity. We find that some bonds are actively traded and most are rare. We also construct some …
Persistent link: https://www.econbiz.de/10011110423
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White-collar crime and stock return: Empirical study from announcement effect
Puah, Chin-Hong; Liew, Samuel Wei-Siew - Volkswirtschaftliche Fakultät, … - 2011
White-collar crime continues to hit the headlines across Malaysia and it remains a serious issue influencing organizations globally. A share price event study is thus conducted on a group of public listed companies in Malaysia to examine the announcement effect of white-collar crime. The period...
Persistent link: https://www.econbiz.de/10009147675
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¿Puede el gobierno corporativo aprender del gobierno público?
Jakob, Brugger; Immanuel, Samuel - Volkswirtschaftliche Fakultät, … - 2007
In view of recent corporate scandals, it is argued that corporate governance can learn from public governance. Institutions devised to control and discipline the behaviour of executives in the political sphere can give new insights into how to improve the governance of firms. Some proposal such...
Persistent link: https://www.econbiz.de/10005835562
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Optimal design and consequences of financial disclosure regulation: a real options approach
Waters, James - Volkswirtschaftliche Fakultät, … - 2015
This paper examines the optimal design and consequences of financial disclosure regulation. Our model represents the regulation as creating a real option for an investor to delay investment until information is disclosed. We find conditions on investment opportunities that ensure that regulation...
Persistent link: https://www.econbiz.de/10011234838
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Determinants of Capital Structure in Non-Financial Companies
Kühnhausen, Fabian; Stieber, Harald W. - Volkswirtschaftliche Fakultät, … - 2014
, while profitability and liquidity have negative impacts. Moreover, our model is an improvement over Rajan and Zingales …
Persistent link: https://www.econbiz.de/10011019340