Showing 1 - 10 of 119
This paper uses a multivariate framework to extend the recent univariate seasoned equity offering (SEO) research by … of accounting for returns associated with SEO announcements. For short-run regression tests, the four major factors … associated with superior stock returns are: lower underpricing; greater profitability prior to SEO; lower inside ownership level …
Persistent link: https://www.econbiz.de/10009462240
than five times over the last decade: from $3.4 billion in 1997 to $18.9 billion in 2007. We argue that the shift in SEO … finds support for the pecking order hypothesis, trade-off theory, and market timing. This suggests that a firm's external …
Persistent link: https://www.econbiz.de/10009484176
This dissertation documents the positive relationship between financial distress and equity issuance and shows that dilution explains the low stock returns of distressed firms. When the cross-section of firms is sorted by degree of distress, the value-weighted mean of the monthly net issuance...
Persistent link: https://www.econbiz.de/10009438585
A variety of research projects have been done on some aspect of Search Engine Optimisation (SEO) and on website … usability. At the same time the literature has indicated that SEO is crucial as a marketing channel to exploit the Internet …'s commercial potential. In addition, it has been discovered that website stickiness is just as important as SEO. However, both …
Persistent link: https://www.econbiz.de/10009447183
We study the role of corporate governance in abnormal returns around announcements of seasoned equity offerings (SEOs) by publicly traded U. S. firms from 2001 - 2004. We find that investors react more positively for firms in which different people hold the CEO and board chairman positions. We...
Persistent link: https://www.econbiz.de/10009458997
Bedeutungzu. In diesem Beitrag wird untersucht, inwiefern das klassische Kapitalwertkriteriumund der Realoptionsansatz einen … Investitionstheorieund gemäß dem Realoptionsansatz bestimmt wurden. Bei der Bestimmung der normativenBenchmarks wird die individuelle … Risikoeinstellung der Teilnehmer berücksichtigt. DieErgebnisse zeigen, dass der Realoptionsansatz besser als das Kapitalwertkriterium …
Persistent link: https://www.econbiz.de/10009442716
The study of demographic trends in sub-Saharan Africa though crucial in the assessment of the impact of population size and growth on the overall socio-economic development in the region, has received the least attention due to lack of reliable data for most of the countries. This paper focuses...
Persistent link: https://www.econbiz.de/10009438868
Morocco and Tunisia have both achieved robust economic growth over the last 30 years by utilizing prudent economic … Morocco and Tunisia have transformed both from economically challenged debt-burdened nations into technologically advanced … Tunisia one of 5.1%. To put that in perspective, the World as-a-whole has grown at 2.0% per year and the United States at 1 …
Persistent link: https://www.econbiz.de/10009439124
manufacturing firms in Tunisia using a stochastic frontierproduction model applied to cross-section data. Results indicate that … maximum 99.5% with an average technical efficiency estimateof 86.5%. This implies olive oil manufacturing firms in Tunisia can … modernization programmeimplemented in Tunisia. The estimated coefficients in the technical inefficiency effectsmodel indicate that …
Persistent link: https://www.econbiz.de/10009443644
evidence of inefficient use of energy in Tunisia, since environmental pressure tends to rise faster than economic growth … mutual causality in the long-run implying that Tunisia is an energy dependent economy.From a policy perspective, policy … makers in Tunisia should be mindful that a persistent decline in environmental quality may exert negative externalities to …
Persistent link: https://www.econbiz.de/10009444799