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Share repurchases, signaling effect and implications for corporate governance: Evidence from India
Reddy, Kotapati Srinivasa; Nangia, Vinay Kumar; … - Volkswirtschaftliche Fakultät, … - 2013
It is worth mentioning that a great deal of financial liberalization, privatization and internationalization policies in emerging economies have significantly increased the corporate restructuring activities like mergers, acquisitions, share repurchases, and stock splits, among others. Indeed,...
Persistent link: https://www.econbiz.de/10011110702
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The aftermarket pricing performance of initial public offers: Insights from India
Reddy, K. Srinivasa - Volkswirtschaftliche Fakultät, … - 2011
Purpose: The purpose of this paper is to examine the underpricing of initial public offers (IPOs), which were announced by Indian firms for the period 2007 through 2009. It is motivated by the fact that a well-developed capital market is a function of economic growth and a reflection of the...
Persistent link: https://www.econbiz.de/10011210490
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Why Do Financial Intermediaries Buy Put Options from Companies?
Gyoshev, Stanley; Kaplan, Todd R.; Szewczyk, Samuel; … - Volkswirtschaftliche Fakultät, … - 2012
In the 1990s, companies collected billions in premiums from peculiarly structured put options written on their own stock while almost all of these puts expired worthless. Buyers of these options, primarily �nancial intermediaries, lost money as a result. Although these losses might seem...
Persistent link: https://www.econbiz.de/10011260748
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Profiting from Mimicking Strategies in Non-Anonymous Markets
Vasios, Michalis; Payne, Richard; Nolte, Ingmar - Volkswirtschaftliche Fakultät, … - 2015
We explore the information content of counterparty identities and how their disclosure can be exploited by other investors in a post-trade transparent market. Using data from the Helsinki Stock Exchange, we form dynamic mean-variance strategies with daily rebalancing which condition on the net...
Persistent link: https://www.econbiz.de/10011145367
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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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Restructuring the Banking System to Improve Safety and Soundness
Morris, Charles; Hoenig, Thomas - Volkswirtschaftliche Fakultät, … - 2011
bank loans to solvent but liquidity strained banks and federal deposit insurance, was developed in the early 1900s to … believe their bank is in financial trouble. • While the safety net solves the instability problem, it also creates incentives … adequately assess, monitor, and control bank risk taking. Current activities conducted by banks that would be prohibited for them …
Persistent link: https://www.econbiz.de/10011259288
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All Things Considered: The Interaction of the Reasons for the Financial Crisis
Rioja, Abdala; E, Yamile - Volkswirtschaftliche Fakultät, … - 2011
The present paper reviews the causes that led to the financial crisis. Unlike other interpretations, this paper does not place main significance on a single source or on a set of causes. I consider all major standpoints highlighted by research and media prior, during and after the financial...
Persistent link: https://www.econbiz.de/10009294924
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Does Misclassification of Equity Funds Exist? Evidence from Malaysia
Lau, Wee Yeap; Chan, Tze-Haw - Volkswirtschaftliche Fakultät, … - 2004
Applying the style analysis developed by Sharpe (1988, 1992), this paper investigates the classification of equity funds in Malaysia. A methodology for creating purified mutual fund style indexes is used to verify existing classifications. The paper concludes that an improper classification of...
Persistent link: https://www.econbiz.de/10005620133
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Bay Ponzi’den Bay Madoff’a Ponzi Finansman (Ponzi Finance from Mr. Ponzi to Mr. Madoff)
Coskun, Yener - Volkswirtschaftliche Fakultät, … - 2010
Ponzi finance is a type of financial fraud based on the principle of continuous fund rasing arising from the newcomers to the system. Ponzi scheme is inherently but necessarily tend to financial failure/bankruptcy. In Turkey, there were at least three well known ponzi schemes after 1980’s....
Persistent link: https://www.econbiz.de/10008804699
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An Economic Examination of Collateralization in Different Financial Markets
Xiao, Tim - Volkswirtschaftliche Fakultät, … - 2012
This paper attempts to assess the economic significance and implications of collateralization in different financial markets, which is essentially a matter of theoretical justification and empirical verification. We present a comprehensive theoretical framework that allows for collateralization...
Persistent link: https://www.econbiz.de/10011109791