Showing 1 - 10 of 4,248
The paper analyzes the risk disclosure quality in the prospectus of IPOs in Germany between 2006 and 2008. Quality of risk information is measured as precision and comprehensibility. The relationship between risk disclosure quality and earnings power is tested.
Persistent link: https://www.econbiz.de/10008479034
Initial Public Offering (IPO) can be an expensive investment for the company, but under current conditions compared to bank loans it is the main source of replenishment of equity. The main purpose of an IPO is to obtain the so-called 'constituent profits' - profits derived by the founders of the...
Persistent link: https://www.econbiz.de/10010937916
This paper empirically analyses the determinants of an initial public offering (IPO) and the consequences of this decision on a company's investment and financial policy. We compare both the ex-ante and the ex-post characteristics of IPOs with those of a large sample of privately held companies...
Persistent link: https://www.econbiz.de/10005123719
Israel’s compliance with International Organization of Securities Commissions’ objectives and Principles of Securities Regulation has been assessed. The regulatory regime is well developed and in most respects is comparable with that of major jurisdictions. For the most part, it is...
Persistent link: https://www.econbiz.de/10011242660
We show that the sensitivity of corporate investment to stock price is higher for firms cross-listed in the U.S. than for firms that never cross-list. This difference is strong, does not exist prior to the cross-listing date, and does not vanish over time after this date. Moreover, the impact of...
Persistent link: https://www.econbiz.de/10009003378
government bonds and Short-term Bank Indonesia certificates (SBIs). The financial and corporate sectors were resilient to the …
Persistent link: https://www.econbiz.de/10011244867
Despite the dramatic increase in the flow of funds to emerging stock markets, relatively little is known about the cost of transacting on these markets. This paper estimates the execution costs of trading on a representative emerging market stock exchange, the Jakarta Stock Exchange (JSX). We...
Persistent link: https://www.econbiz.de/10005515061
This study examines, critically, the relationship between movements in stock prices of a sample of Indonesian telecommunications companies listed on the Indonesians Stock Exchange and the nature of their relationship, if any, to company financial performance. It analyses 23 financial reports...
Persistent link: https://www.econbiz.de/10009352557
In the case of Indonesia, family businesses have remained important during the country's years of fast economic growth … the most important (if not the most important) family business industries in Indonesia. This study attempts to enrich our … implications on performance of family firms within the batik industry in Indonesia. Data was gathered through interviews owner or …
Persistent link: https://www.econbiz.de/10010668596
India’s financial system compares favorably internationally, but rising credit risk and liquidity pressures are putting it under strain. The staff report for India’s 2008 Article IV Consultation discusses economic developments and policies. The authorities have already taken...
Persistent link: https://www.econbiz.de/10011244299