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We study trading and prices in newly issued municipal bonds. Municipals, which trade in decentralized, broker-dealer markets, are underpriced when issued, but unlike equities the average price rises slowly over a period of several days. We document high levels of price dispersion in newly issued...
Persistent link: https://www.econbiz.de/10009441272
the South African securities market. These phenomena are commonly referred to in the literature as security market …
Persistent link: https://www.econbiz.de/10009442175
The relative importance of the asset allocation decision versus the security selection decision in the investment process has been the subject of fierce debate over the last two decades. There is a common misconception that the asset allocation decision is the more important decision between the...
Persistent link: https://www.econbiz.de/10009447771
Typescript (photocopy).
Persistent link: https://www.econbiz.de/10009472143
knowledge, has investigated the reasons why higher rated securities recover more than lower rated securities in the event of … default. Specifically, this paper will empirically investigate why securities originally rated investment grade, fallen angels …, recover more than securities originally rated high yield in the event of default. …
Persistent link: https://www.econbiz.de/10009474969
medium companies, creation of new stock company transformed Lithuanian economy. The stock companies appeared, securities … role fell on securities under modern market economic conditions. The objective of this work is to clear up what is it the … securities, how they are divided and to evaluete the market of Lithuanian stock.The main tasks of this work are to explore what …
Persistent link: https://www.econbiz.de/10009478188
securities portfolio. Based on the optimization task reallocation stock portfolio weighting in greater profitability with little …
Persistent link: https://www.econbiz.de/10009478960
down by the situation prevailing in the financial markets at the moment – securities price fluctuations are enormous and ….Problem: Just very few scientific literature sources dealing with operation of the stock exchange and securities trade are available … securities trade as well as to assessment of return on investment. It shall be noted, however, that examination of changes in …
Persistent link: https://www.econbiz.de/10009479161
securities companies were the world’s largest; and its life and casualty insurance companies were likewise huge. Banks had ample … collapsed, as has one of the Big Four securities companies, and a mid-sized life insurance company. This is not only … Japanese banking industry, although the analysis applies in many respects to the securities and insurance industries as well …
Persistent link: https://www.econbiz.de/10009451446
Prior evidence suggests that stock price declines are the main driver for filing securities class action lawsuits and …
Persistent link: https://www.econbiz.de/10009462932