Narrow search
Showing 1 - 10 of 2,432
Cover Image
Liquidity, Volatility and Stock Price Adjustment: Evidence from Seasoned Equity Offerings in an Emerging Market
Ho, Chia-Cheng; Lee, Chin-Chuan; Lin, Chien-Ting; Wang, … - In: Review of Pacific Basin Financial Markets and Policies … 08 (2005) 01, pp. 31-51
volatility around seasoned equity offerings (SEOs). These findings are consistent with the uncertain signal hypothesis that … higher stock return volatility. We also provide direct evidence that changes in liquidity is positively associated with stock … price adjustment. However, the relations among liquidity, volatility and price movements appear to rely on how SEOs are …
Persistent link: https://www.econbiz.de/10005050747
Cover Image
Hedge fund attributes and volatility around equity offerings
Hull, Robert; Kwak, Sungkyu; Walker, Rosemary - In: Journal of Economics and Finance 38 (2014) 3, pp. 359-382
The purpose of this paper is to explore the potential influence of hedge fund attributes on idiosyncratic volatility … due to the pervasive concerns about the impact of hedge funds on volatility. We choose a time frame from 1999 to 2005 …
Persistent link: https://www.econbiz.de/10010794888
Cover Image
N ECONOMETRIC INVESTIGATION OF THE DAY-OF-THE-WEEK EFFECT AND RETURNS VOLATILITY IN FIFTEEN ASIA PACIFIC FINANCIAL MARKETS (1998-2003)
CHUKWUOGOR-NDU, Chiaku; FERIDUN, Mete - In: Applied Econometrics and International Development 6 (2006) 1
returns volatility in fifteen Asia Pacific Financial Markets in the post Asian financial crisis period. A set of parametric …-days-of-the-week. The results validate the presence of the-day-of-the- week and but indicate insignificant daily returns volatility in most …
Persistent link: https://www.econbiz.de/10005243531
Cover Image
Identification and Evaluation of Factors of Dividend Policy
Omerhodzic, Sead - In: Economic Analysis 47 (2014), pp. 42-58
Dividend policy determines the ratio between the earnings distributed to shareholders and the earnings retained in the company. Even though retained earnings are one of the most important funding sources used for financing corporate growth, the accrued dividends represent stakeholders' cash...
Persistent link: https://www.econbiz.de/10010790609
Cover Image
CEO turnover and shareholder wealth: Evidence from CEO power in Taiwan
Ting, Hsiu-I - In: Journal of Business Research 66 (2013) 12, pp. 2466-2472
This paper investigates the relationship between CEO turnovers and shareholder wealth and/or the volatility of firm … successors share a similar power level and a lower volatility for turnovers in which successors have less power. Volatility is …
Persistent link: https://www.econbiz.de/10010869851
Cover Image
Limited attention, share repurchases, and takeover risk
Lin, Ji-Chai; Stephens, Clifford P.; Wu, YiLin - In: Journal of Banking & Finance 42 (2014) C, pp. 283-301
We hypothesize that announcing open market share repurchases (OMRs) to counter negative valuation shocks reveals repurchasing firms’ lost growth opportunities or underperforming assets to potential bidders, making them more likely to become takeover targets. This also leads their investors to...
Persistent link: https://www.econbiz.de/10010753684
Cover Image
Small businesses, share buybacks, tax auditing and the use of valuation methods: An analysis of the Portuguese case
Martins, António - In: Journal of Applied Accounting Research 14 (2013), pp. 74-85
Purpose – The purpose of this paper is to analyze how share buybacks can be, in Portuguese small privately held firms, a source of tax-based conflicts between shareholders and tax administrations. Two issues are of particular relevance: the favored tax treatment of capital gains relative to...
Persistent link: https://www.econbiz.de/10010685383
Cover Image
Share repurchases, signaling effect and implications for corporate governance: Evidence from India
Reddy, Kotapati Srinivasa; Nangia, Vinay Kumar; … - Volkswirtschaftliche Fakultät, … - 2013
It is worth mentioning that a great deal of financial liberalization, privatization and internationalization policies in emerging economies have significantly increased the corporate restructuring activities like mergers, acquisitions, share repurchases, and stock splits, among others. Indeed,...
Persistent link: https://www.econbiz.de/10011110702
Cover Image
AN EMPIRICAL ANALYSIS OF SHARE BUYBACKS IN INDIA
mishra, asim - EconWPA - 2005
Share buybacks have become a common event in the financial markets worldwide. In a share buyback programme, the company distributes the excess cash flow among the shareholders by way of repurchasing its own shares, generally at a premium. Among the various reasons for doing so, the most...
Persistent link: https://www.econbiz.de/10005561728
Cover Image
Aborted stock repurchases and earnings quality
Sun, Qian; Yung, Kenneth; Rahman, Hamid - In: Managerial Finance 40 (2014), pp. 846-863
Purpose - The purpose of this paper is to try to identify the motivation of firms that announce share repurchase but do not follow it up with the actual purchase. The authors conjecture that the long-term earnings quality of such firms is low, which makes them poor candidates for actual stock...
Persistent link: https://www.econbiz.de/10010895037