Showing 101 - 110 of 167
Persistent link: https://www.econbiz.de/10006881134
Persistent link: https://www.econbiz.de/10006818716
Persistent link: https://www.econbiz.de/10005892938
Persistent link: https://www.econbiz.de/10006010715
Persistent link: https://www.econbiz.de/10005937559
There are two conflicting hypotheses regarding the effect of dual-class recapitalizations. One holds that the shareholders with voting rights improve the position of all shareholders because of their ability to negotiate a better takeover price. The other contends that the recapitalization can...
Persistent link: https://www.econbiz.de/10005764982
Recent financial economics literature has hypothesized that variations in market structure influence the distribution of gains from corporate restructuring between buyers and sellers. We test this hypothesis using data on restructuring involving real estate assets by isolating the effects...
Persistent link: https://www.econbiz.de/10005693381
This research studies the acquisition and disposition of real estate assets by non-real estate firms from 1981 through 1986. Contrary to previous studies of real estate assets, we find no abnormal performance associated with the buyers of real estate assets and only weak evidence of excess...
Persistent link: https://www.econbiz.de/10005258613
We test whether the conversion price (ratio) is viewed by the stock market as a credible signal of the firm's future earnings prospects (Kim (1990)) and, subsequently, whether convertible debt serves as backdoor equity financing (Stein (1992)). Examining the conversion price in relation to...
Persistent link: https://www.econbiz.de/10005139218
Previous studies show that co-managers mainly affect initial public offering (IPO) aftermarket activities. We investigate the role of co-managers in IPO pre-market activities. We argue that co-managers help reduce IPO placement risk and hypothesize that IPO issuers hire more co-managers when...
Persistent link: https://www.econbiz.de/10005164670