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bankers underwriting their stocks. Similar to previous studies on well-developed stock markets, we find that the initial … return on the first day of trading is strongly positive for Chinese IPO stocks due to underpricing. This initial return is … trading day, we find that the cumulative return becomes negative but that stocks with more prestigious underwriters experience …
Persistent link: https://www.econbiz.de/10010790621
The article presents calculations that prove practical importance of the earlier derived theoretical relationship between the interest rate on the interbank credit market, volume of investment and the quantity of securities tradable on the stock exchange.
Persistent link: https://www.econbiz.de/10010859287
How do stock markets respond to extreme events? This paper analyzes the reaction ofstock markets in four industrialized economies (Italy, the Netherlands, Sweden, the US) to ten major international crises. We employ an event study to investigate whether the stock exchanges react differently with...
Persistent link: https://www.econbiz.de/10010854345
How do stock markets respond to extreme events? This paper analyzes the reaction ofstock markets in four industrialized economies (Italy, the Netherlands, Sweden, the US) to ten major international crises. We employ an event study to investigate whether the stock exchanges react differently with...
Persistent link: https://www.econbiz.de/10010752554
measures for single stocks and multiple assets. The proposed measures involve weighted durations, i.e. times necessary to sell … (buy) a predetermined volume or value of stocks. As such, they capture dependencies between intra-trade durations … of selected stocks. …
Persistent link: https://www.econbiz.de/10011074170
Persistent link: https://www.econbiz.de/10005526551
stocks sold short in Canada. Short interest is defined in relation to trading volume. The results strongly support the …. Excess returns are less negative for stocks with associated options and convertible bonds. Importantly, the evidence is … consistent with the proposition that informed traders short sell Canadian interlisted stocks in Canada, rather than the US, to …
Persistent link: https://www.econbiz.de/10009459116
Repurchase stock of piggly wiggly Call in 2640 shares and will pay owners rate of 120 plus dividend. Preferred shares of the Western Piggly Wiggly company have been called and will be bought back by the company at 120. The quarterly dividend for the period ending December 31, amounting to $2.5 a...
Persistent link: https://www.econbiz.de/10009460610
stocks, from Haroid T. White, former chairman of the finance committee of the Washington Water Power company, announces that …
Persistent link: https://www.econbiz.de/10009460611
Persistent link: https://www.econbiz.de/10008456389