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Especially structured finance instruments were blamed as main reason for the financial crisis 2007, but the understanding for the motivation to originate securitization products is less discovered. Therefor this paper tries to identify main balance sheet characteristics of structured finance...
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Using recommendations and target prices on initial public offerings (IPOs), we examine the impact of regulations in the US and European Union (EU) markets that were aimed at curbing conflicts of interest in sell-side research. Conflicted analysts, proxied by whether their brokerage houses acted...
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Philip Radner analyzes equity financing phenomena and researches IPO underpricing and SEO announcement effects using … data sets for US REITs. Moreover, he discusses underpricing theories and their applicability in the REIT context and gives … a theoretical background on IPOs and on underpricing in particular. With this background at hand, the results out of …
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The litigation risk hypothesis of IPO underpricing posits that issuers underprice IPOs in an effort to avoid costly … litigation and that underpricing should be greater for issuers with ex-ante higher levels of litigation risk. This paper … underpricing does deter traditional IPO cases more compared to that effect in the pre-1995 period. In the period after that …
Persistent link: https://www.econbiz.de/10003864813