Narrow search
Showing 81 - 87 of 87
Cover Image
Are Analysts’ Forecasts Informative to the General Public?
Altinkilic, Oya - 2013
Contrary to the common view that analysts are important information agents, intraday returns evidence shows that announcements of analysts' forecast revisions release little new information, on average. Further cross-sectional evidence from returns around the announcements confirms that...
Persistent link: https://www.econbiz.de/10012710703
Cover Image
Do Investment Banks Compete in Ipos? : The Advent of the '7% Plus Contract'
Hansen, Robert S. - 2011
In the 1990s, over 85% of all initial public offerings (IPOs) in the US paid a 7% spread. Two hypotheses that may explain this convergence to 7% are one, that investment bankers colluded to profit from 7% IPOs or two, that the quot;7% contractquot; is an efficient innovative response the...
Persistent link: https://www.econbiz.de/10012757340
Cover Image
What Is the Value of Sell-Side Analysts? Evidence from Coverage Changes : A Discussion for the Journal of Accounting and Economics
Hansen, Robert S. - 2015
Li and You (this volume) study public firms' common stock return reactions to two events: when analysts' initiate coverage of the firm and when they terminate coverage. They test the returns for evidence of three sources of value added by analysts: (1) more monitoring of the firm, (2) reduced...
Persistent link: https://www.econbiz.de/10013016040
Cover Image
On the Information Role of Stock Recommendation Revisions
Altinkilic, Oya - 2013
We examine the information transmission role of stock recommendation revisions by sell-side security analysts. Revisions are associated with economically insignificant mean price reactions and often piggyback on recent news, events, long-term momentum, and short-run contrarian return predictors,...
Persistent link: https://www.econbiz.de/10013095874
Cover Image
An Examination of Seasoned Equity Offer Placement Effort
ALTINKILIC, Oya - 2001
Altinkiliç and Hansen (2000) show that underwriter spreads in seasoned equity offerings (SEOs) overwhelmingly reflect variable costs. This research attempts to begin filling the gap created by this result, as to what are the important constituents of the variable costs. In particular, I...
Persistent link: https://www.econbiz.de/10009433796
Cover Image
Internal Control Mechanisms and Forced CEO Turnover: An Empirical Investigation
Jagannathan, Murali - 1996
The dissertation empiricallyexamines the efficacy of internalcontrol mechanisms by analyzing 94forced turnovers of chief executiveofficers (CEOs). It seeks to answertwo primary questions: One, dogovernance-related characteristicsinfluence the promptness with whichpoorly-performing CEOs...
Persistent link: https://www.econbiz.de/10009434130
Cover Image
OPTIMAL BOND REFUNDING: EVIDENCE FROM THE MUNICIPAL BOND MARKET
Priyadarshi, Samaresh - 1997
<HTML><HEAD><META HTTP-EQUIV="Content-Type" CONTENT="text/html; charset=windows-1252"></HEAD><BODY><FONT FACE="Book Antiqua"><P ALIGN="JUSTIFY">This dissertation empirically examines refunding decisions employed by issuers of tax-exempt bonds. Callable bonds contain embedded call options by virtue of provisions in bond indentures that permit the issuing firm to buy back the bond at a predetermined strike price. Such an embedded American...</p></font></body></head></html>
Persistent link: https://www.econbiz.de/10009434140