Showing 1 - 10 of 6,256
Persistent link: https://www.econbiz.de/10013475276
Persistent link: https://www.econbiz.de/10014435464
Persistent link: https://www.econbiz.de/10011982922
This paper provides global evidence supporting the hypothesis that expected return models are enhanced by the inclusion of variables that describe the evolution of book-to-market-changes in book value, changes in price, and net share issues. This conclusion is supported using data representing...
Persistent link: https://www.econbiz.de/10012022063
Persistent link: https://www.econbiz.de/10011625715
Persistent link: https://www.econbiz.de/10011600499
Persistent link: https://www.econbiz.de/10011580869
Persistent link: https://www.econbiz.de/10010501244
initial returns of initial public offerings (IPOs). We find the smaller the analyst forecast bias/dispersion, the lower the … effect market-wide sentiment has on IPO initial returns. This finding indicates that information asymmetry is a basic reason …
Persistent link: https://www.econbiz.de/10011844492
We examine the post-IPO excess stock returns of hospitality firms from 1996 to 2012 and find underperformance relative … to the market on average. However, there are large differences in returns and some firms significantly outperform. We …
Persistent link: https://www.econbiz.de/10013032384