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Qian, Hong - 2006

This thesis explores two issues regarding corporate equity issuance. The first chapter studies the timing of seasoned equity offerings (SEOs) at the firm level. Descriptive statistics formulated using US data from 1975 to 2004 show that when firms return to the equity market, they tend to do so...

Persistent link: https://www.econbiz.de/10009450044

Return Predictability Conditional on the Characteristics of Information Signals

Pritamani, Mahesh - 1999

This dissertation examines whether simultaneously conditioning on themultidimensional characteristics of information signals can help predict returnsthat are of economic significance. We use large price changes, publicannouncements, and large volume increases to proxy for the...

Persistent link: https://www.econbiz.de/10009434028

Two Essays on Equity Mutual Funds

Jaiprakash, Puneet - 2011

Previous research has shown that expected market returns vary over time and that this variationcan be predicted by variables such as dividend yields and book-to-market ratios (Fama andFrench (1989); Campbell and Thompson (2008)). Further, macroeconomic variables affect assetreturns (Flannery and...

Persistent link: https://www.econbiz.de/10009434040

Essays in Corporate Finance: The Impact of Corporate Governance during Economic Stress and Tracking Stock in the United States

Miles, Linda L. - 2008

ABSTRACTChapter I Does Corporate Governance Make a Difference in Hard Times?Using data from proxy statements, I investigate the impact of various firm characteristics and corporate governance measures on firm performance during a period of an exogenous economic shock. The first sample...

Persistent link: https://www.econbiz.de/10009450150

Two Essays on Momentum and Reversals in Stock Returns

Bhootra, Ajay - 2008

This dissertation consists of two essays. In the first essay, I examine the source of momentum in stock returns. The reversal of momentum returns has been interpreted as evidence that momentum results from delayed overreaction to information. I examine momentum and reversals conditional on...

Persistent link: https://www.econbiz.de/10009433865

Two Essays on the Probability of Informed Trading

Popescu, Marius - 2007

This dissertation consists of two essays. The first essay develops a new methodology for estimating the probability of informed trading from the observed quotes and depths, by extending the Copeland and Galai (1983) model. This measure (PROBINF) can be computed for each quote and it represents...

Persistent link: https://www.econbiz.de/10009433963

Two Essays on Shelf-registered Corporate Equity Offerings

Autore, Don M - 2006

This dissertation consists of two essays. The first provides evidence that the recent revival of shelf equity offers is related to changes in how firms use shelf registration. During 1990-2003 firms that make shelf filings have no immediate intent and low probability of issuance, lower...

Persistent link: https://www.econbiz.de/10009434002

Two Essays on Ownership and Market Characteristics

Chen, Honghui - 1999

Theoretical models suggest that ownership structure may be an important determinant of securities' market characteristics. For example, the presence of informed traders leads to greater bid-ask spreads (Copeland and Galai (1983), and Glosten and Milgrom (1985)), and strategic trading of informed...

Persistent link: https://www.econbiz.de/10009434106

The Impact of Earnings Quality on Investors' and Analysts' Reactions to Restatement Announcements

Romanus, Robin Nicole - 2007

Despite countless efforts to elucidate market participantsâ understanding of the implications of earnings quality, empirical accounting research has rendered two distinct perspectives. The first perspective considers market participants naÃ¯ve users of accounting information who fail to grasp...

Persistent link: https://www.econbiz.de/10009434132

OPTIMAL BOND REFUNDING: EVIDENCE FROM THE MUNICIPAL BOND MARKET

Priyadarshi, Samaresh - 1997

<HTML><HEAD><META HTTP-EQUIV="Content-Type" CONTENT="text/html; charset=windows-1252"></HEAD><BODY><FONT FACE="Book Antiqua"><P ALIGN="JUSTIFY">This dissertation empirically examines refunding decisions employed by issuers of tax-exempt bonds. Callable bonds contain embedded call options by virtue of provisions in bond indentures that permit the issuing firm to buy back the bond at a predetermined strike price. Such an embedded American...</p></font></body></head></html>

Persistent link: https://www.econbiz.de/10009434140