absence of debt and a perfect equity pricing model. We examine here an approach relaxing these two assumptions. The proposed …

Instalment warrants are very popular in Australia and these instruments have been listed by Nedbank and Standard Bank …

between stockholders and warrant holders. This “risk-shifting effect” has significant implications on warrant pricing, since … with a specific elasticity parameter properly models the stochastic volatility of stock returns for a firm with warrants …

Old National Bancorp was the first publicly traded bank to buy back its Capital Purchase Program (CPP) warrants. It … paid $1.2 million, which is below the low-end of this paper's estimates of the fair market value of the warrants. This … paper estimates the warrants are worth between $1.9 and $6.9 million. This low negotiated price from the perspective of …

We examine the issuance choice across rights issues of equity, unit offerings, and standalone warrants and investigate … underpricing, underwriting status, and the proportion of funds raised by exercising warrants in determining the features of the … warrant issue. Furthermore, we document that the market reacts more favorably to standalone warrants issues than units and …