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The Impact of the Sarbanes-Oxley Act on the Cost of Going Public
Kaserer, Christoph; Mettler, Alfred; Obernberger, Stefan - In: BuR - Business Research 4 (2011) 2, pp. 125-147
, but decrease the underpricing because of reduced asymmetric information. Our main results corroborate these hypotheses … underpricing of 6 pp, which is related to a reduced offer price adjustment. This supports our hypothesis that SOX represents a …
Persistent link: https://www.econbiz.de/10010421362
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Does family involvement matter in initial public offering underpricing? Evidence from Saudi Arabia
Alrubaishi, Dalal; Alarifi, Ghadah - In: International Journal of Management, Economics and … 8 (2019) 3, pp. 157-168
The phenomenon of initial public offering (IPO) underpricing has been extensively researched in the literature, however …, the underpricing of family firms has received little attention. This is even more prevalent when it comes to underpricing … of family firms in an emerging market such as the Saudi Arabian market. This study explores the IPO underpricing …
Persistent link: https://www.econbiz.de/10012112827
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Performance and capital structure of IPOs in Pakistan from 2000 to 2015
Javid, Attiya Yasmin; Malik, Henna - In: Financial Innovation 2 (2016) 14, pp. 1-19
first time to general public, is known as initial public offering (IPO). The underpricing phenomenon and ownership structure … structor and initial underpricing for both group of IPOs. Methods: Event study methodology is used to compares short- and long … for investigating the relationship betwen underpricing and ownership structure for both group of IPOs. Results: We find …
Persistent link: https://www.econbiz.de/10011808220
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Oferta pública inicial y underpricing en el mercado de capitales mexicano
Villarreal, Cuauthemoc - In: Journal of Economics, Finance and Administrative Science 18 (2013) 35, pp. 97-107
bajo el término underpricing. El grado de underpricing varía en los mercados. En estudios realizados en Estados Unidos, se … han encontrado rendimientos del 36%, mientras que en China se ha tenido un underpricing del 298% y en Alemania del 46%. En … en el mercado mexicano existe una situación de underpricing en las IPO. …
Persistent link: https://www.econbiz.de/10011859350
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Ownership structure and voluntary disclosure in annual reports of Bangladesh
Rouf, Md. Abdur; Al-Harun, Abdullah - In: Pakistan Journal of Commerce and Social Sciences (PJCSS) 5 (2011) 1, pp. 129-139
This study examines the association between ownership structure and voluntary disclosure levels in the 2007 annual report of 94 samples of Bangladeshi listed companies. Ownership structure is provided by management ownership and institutional ownership. Using agency theory, it is argued that...
Persistent link: https://www.econbiz.de/10011938277
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The New Keynesian Phillips Curve in an Inflation Targeting Country: The Case of Turkey
Gozgor, Giray - In: International Journal of Economic Sciences and Applied … 6 (2013) 1, pp. 7-18
The possible short-run trade-off between the inflation (gap) and the output (gap) remains a critical policy issue for any emerging economy; particularly when an implicit or an explicit inflation targeting monetary policy is considered. The New Keynesian Phillips Curve (NKPC) has recently set up...
Persistent link: https://www.econbiz.de/10011310240
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The External Finance Premium and the Financial Accelerator: The Case of Turkey
Cambazoğlu, Birgül; Karaalp, Hacer Simay - In: International Journal of Economic Sciences and Applied … 6 (2013) 1, pp. 103-121
premium and thus the effect of the increase in the external finance premium which diminishes output for Turkey over the period …
Persistent link: https://www.econbiz.de/10011310246
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The impact of Syrian refugees on natives' labor market outcomes in Turkey: Evidence from a quasi-experimental design
Ceritoglu, Evren; Yunculer, H. Burcu Gurcihan; Torun, … - In: IZA Journal of Labor Policy 6 (2017) 5, pp. 1-28
Southeastern regions of Turkey, which later had serious economic/political repercussions on the MENA region and most of Europe … natives in Turkey. Using a difference-in-differences strategy, we find that immigration has considerably affected the …
Persistent link: https://www.econbiz.de/10011986224
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Die Metaphorik des Neuen Autoritarismus
Yildiz, Taylan Özgür - In: Politische Vierteljahresschrift 62 (2021) 2, pp. 253-279
Die Untersuchung leistet einen Beitrag zur metaphorologischen Analyse des Neuen Autoritarismus. Ausgangspunkt ist die Annahme, dass Autokratisierungsprozesse unter der Schwelle rationaler Bewegungsmomente durch die Erneuerung politischer Verkörperungsmythen gekennzeichnet sind. Am Beispiel der...
Persistent link: https://www.econbiz.de/10014501334
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An examination of short-run performance of IPOs using Extreme Bounds Analysis
Mumtaz, Muhammad Zubair; Smith, Zachary A.; Ahmed, … - In: Estudios de Economía 43 (2016) 1, pp. 71-95
study extends the existing literature concentrating on the degree of underpricing over a 3-month period lasting from the … listing date to the 3-month anniversary showing significant evidence of IPO underpricing. The analyses support the investors … explanatory variables of IPO underpricing. The study finds that the aftermarket risk level of the IPO, the oversubscription ratio …
Persistent link: https://www.econbiz.de/10011538777