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Implementierung effizienter Marktstrukturen bei asymmetrischen Informationen : die Rolle des Informationstransfers
Paust, Michael - 2010
Allokationsverfahren zur Vergabe von Zutrittslizenzen an Marktneulinge differieren hinsichtlich mehrerer Aspekte. Einer davon ist die Veröffentlichung der vom Regulierer im Lizenzvergabeverfahren gesammelten Informationen. Der Autor untersucht den Einfluss der Informationsweitergabe auf die...
Persistent link: https://www.econbiz.de/10009467401
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Internationale Verschuldungskrisen, die Kreditvergabepolitik des IWF und Schuldner-Moral-Hazard : eine Analyse aus vertragstheoretischer Sicht
Frech, Tim - 2005
Als zentralem Bestandteil der internationalen Finanzarchitektur kommt dem Internationalen Währungsfonds (IWF) heutzutage immer öfter die Aufgabe zu, bei Verschuldungskrisen souveräner Staaten, insbesondere weit fortgeschrittener Schwellen- und Transformationsländer, als multilateraler...
Persistent link: https://www.econbiz.de/10009471827
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Empirical Evidence on Economic and Financial Aspects of Intensive Insider Trading
Wisniewski, Tomasz Piotr - 2004
This thesis contributes to the literature by providing new insights into the patterns and market implications of insider trading. The inferences presented here are based on the insider trading reports filed with the Polish Securities and Exchange Commission and the New Zealand Exchange. First,...
Persistent link: https://www.econbiz.de/10009460738
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Strategic advantage and the optimal exercise of entry options
Perotti, E.C.; Rossetto, S. - 2001
We investigate the timing and the valuation of strategic investment aimed at enhancing entry opportunities in related market segments. As demand is uncertain, entry options should be exercised at the optimal time, trading off the market share gain against the option to wait until more...
Persistent link: https://www.econbiz.de/10009460051
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Dividend policy choice : do earnings or investment opportunities matter?
Ali Ahmed, Huson Joher; Shaikh, Junaid M. - 2008
The aim of this paper is to analyse the influence of a company's level of earnings and growth opportunities in determining the dividend policy choice of Malaysian-listed firms. The analysis is based on a sample of 136 firms listed on the Bursa Malaysia Index over a period of six years, from 1990...
Persistent link: https://www.econbiz.de/10009484059
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Modelling the Behaviour of the New Issue Market
Brailsford, Tim; Heaney, R.A; Shi, Jing - 2001
and supply for IPOs. The model produces testable equations examining the relationship between the number of new issues and …
Persistent link: https://www.econbiz.de/10009451608
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The pricing of infrastructure initial public offerings : evidence from Australia
Dimovski, William - 2011
This paper explores first-day returns on infrastructure entity initial public offerings (IPOs) in Australia from 1996 … to 2007. While a good deal has been written on the first-day returns of industrial and mining company IPOs and Real … Estate Investment Trust IPOs, first-day returns of infrastructure entity IPOs have yet to be reported in the literature. The …
Persistent link: https://www.econbiz.de/10009483921
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The underpricing of US REIT IPOs : 1996?2010
Bairagi, Ranajit Kumar; Dimovski, William - 2011
This study examines the underpricing cost of 123 US REIT IPOs over the period 1996 until June 2010, including the … REIT IPOs. The study finds offer size is positively related to underpricing. A value weighted approach finds that …
Persistent link: https://www.econbiz.de/10009483975
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Do banks extract informational rents through collateral?
Xu, Bing; Rixtel, Adrian van; Wang, Honglin - 2016
El uso de colateral es una de las características definitorias de los contratos de préstamos. En este trabajo se investiga si la intensidad de la relación entre bancos y prestatarios y la concentración del mercado de los préstamos permiten la extracción de rentas de información a través...
Persistent link: https://www.econbiz.de/10012530517
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Cooperation between Competitors - Subcontracting and the influence of information, production and capacity on market structure and competition
Schenk, Christoph - 1999
werden erstens Signalling via Querlieferungen und zweitens die Auswirkungen auf Produktvielfalt und Kapazitätsentscheidungen … Wettbewerbern die Wohlfahrt erhöht oder reduziert. Der Markt ist in der Lage, Mechanismen wie z.B. Signalling via Querlieferungen zu … subcontracting model first signalling via subcontracting and secondly the effects on product variety and capacity decisions are being …
Persistent link: https://www.econbiz.de/10009467017