Similar Search Results

S&P 500 index inclusion announcements: does the S&P committee tell us something new

Hrazdil, Karel - In: Managerial Finance 36 (2010) May, pp. 368-393

Purpose – The purpose of this paper is to directly examine the information hypothesis of S&P 500 index inclusion announcements by investigating the degree to which information beyond Standard & Poor's eight stated criteria enters the inclusion decision. Design/methodology/approach –...

Persistent link: https://www.econbiz.de/10009319832

Analysis of the effects of ESOP adoption on the company cost of capital

Ivanov, Stoyu I.; Zaima, Janis K. - In: Managerial Finance 37 (2011) February, pp. 173-188

from a new perspective by examining the relation of the adoption of ESOP and the company cost of capital. Design …/methodology/approach – The capital asset pricing model is used to estimate the company's cost of equity capital, and the cost of debt is … estimated using bond yield spreads. The weighted average cost of capital (WACC) is calculated as the weighted percentage of the …

Persistent link: https://www.econbiz.de/10009275359

Forecasting volatility and capturing downside risk of the Taiwanese futures markets under the financial tsunami

Liu, Hung-Chun; Hung, Jui-Cheng - In: Managerial Finance 36 (2010) October, pp. 860-875

asymmetric loss functions, while back-testing and two utility-based loss functions are employed for further VaR assessment with …

Persistent link: https://www.econbiz.de/10009275389

The price, liquidity and information asymmetry changes associated with new S&P 500 additions

Hrazdil, Karel - In: Managerial Finance 35 (2009), pp. 579-605

liquidity/information cost explanation, but the temporary return and large trading increases at the ED can best be attributed to … liquidity/information cost explanation, and by extending the previously analyzed index additions with an additional five …

Persistent link: https://www.econbiz.de/10010814844

Connecting the dots: the accruals quality premium vs the value premium

Chichernea, Doina C.; Holder, Anthony D.; Jie (Diana) Wei - In: Managerial Finance 38 (2012), pp. 1106-1133

conditioning on up and down markets. Findings – Value (growth) stocks are more likely to be associated with high (low) accrual … quality. Value stocks earn higher returns mainly in down markets, while poor accrual quality firms have significantly higher … between accrual quality and the value premium, which only exhibits in the down markets (i.e. stocks with poor accrual quality …

Persistent link: https://www.econbiz.de/10010814847

IPO characteristics of index firms

Colak, Gonul - In: Managerial Finance 38 (2012), pp. 1134-1159

Purpose – The purpose of this paper is to investigate the initial public offerings (IPOs) of the firms that are eventually included in one of the S&P 400, the S&P 500, or the S&P 600 Indices. Do these firms have very different IPO features than the rest of the IPOs? Design/methodology/approach...

Persistent link: https://www.econbiz.de/10010814886

The choice between publicly issued and privately placed preferred stocks

Wang, Qian - In: Managerial Finance 38 (2012), pp. 689-701

public offering firms. The non Rule 144A market and rule 144A market for preferred stocks are significantly different …

Persistent link: https://www.econbiz.de/10010814905

Exchange ratio determination in a market equilibrium

Moretto, Enrico; Rossi, Stefano - In: Managerial Finance 34 (2008), pp. 262-270

applicable only to companies whose stocks are traded on a financial market. Empirical test of the exchange ratio formula (using …

Persistent link: https://www.econbiz.de/10010757356

Exchange ratio determination in a market equilibrium

Moretto, Enrico; Rossi, Stefano - In: Managerial Finance 34 (2008), pp. 262-270

applicable only to companies whose stocks are traded on a financial market. Empirical test of the exchange ratio formula (using …

Persistent link: https://www.econbiz.de/10010757780

Calendar anomalies in Russian stocks and bonds

Compton, William; Kunkel, Robert A.; Kuhlemeyer, Gregory - In: Managerial Finance 39 (2013), pp. 1138-1154

Purpose - The paper aims to examine the Russian stock and bond markets for evidence of calendar anomalies in the first decade of the twenty-first century including a monthly seasonality, weekday seasonality, and a turn-of-the-month (TOM) seasonality. The study is motivated by interest in the...

Persistent link: https://www.econbiz.de/10010709763