Search Results - subject:"New issues"

Impact of post-IPO investments on the long-term financial market performance of Japanese IPOs : a preregistered report

Southam, Colette; Jiang, Guoliang Frank; Todd, James; … - In: Pacific-Basin finance journal 86 (2024), pp. 1-13

Persistent link: https://www.econbiz.de/10015097396

Stock liquidity and issuing activity

Barinov, Alexander - In: The Quarterly Journal of Finance : QJF 12 (2022) 3, pp. 1-43

Persistent link: https://www.econbiz.de/10014234570

Issuance overpricing of China's corporate debt securities

Ding, Yi; Xiong, Wei; Zhang, Jinfan - In: Journal of financial economics 144 (2022) 1, pp. 328-346

Persistent link: https://www.econbiz.de/10013407094

Abnormal accruals in newly public companies : opportunistic misreporting or economic activity?

Armstrong, Christopher; Foster, George; Taylor, Daniel J. - In: Management science : journal of the Institute for … 62 (2016) 5, pp. 1316-1338

Persistent link: https://www.econbiz.de/10011487470

Macroeconomic implications of financialization

Skott, Peter; Ryoo, Soon - Department of Economics, University of Massachusetts-Amherst - 2007

to new equity issues shows a clearer picture. Whether measured in terms of the value of new issues divided by the market …), there has been a signi�cant decline in new issues. In the 1950s-1970s a small positive fraction of gross investment - on … average about 5 percent - was �nanced by new issues. Since 1980, however, the rate of net issues has been negative in most 4 …

Persistent link: https://www.econbiz.de/10005342592

A Financing-Based Misvaluation Factor and the Cross Section of Expected Returns

Hirshleifer, David; Jiang, Danling - Volkswirtschaftliche Fakultät, … - 2007

Behavioral theories suggest that investor misperceptions and market mispricing will be correlated across firms. We use equity and debt financing to identify common misvaluation across firms. A zero-investment portfolio (UMO, Undervalued Minus Overvalued) built from repurchase and new issue firms...

Persistent link: https://www.econbiz.de/10008636467

Dealer Intermediation and Price Behavior in the Aftermarket for New Bond Issues

Green, Richard C.; Hollifield, Burton; Schürhoff, Norman - 2006

We study trading and prices in newly issued municipal bonds. Municipals, which trade in decentralized, broker-dealer markets, are underpriced when issued, but unlike equities the average price rises slowly over a period of several days. We document high levels of price dispersion in newly issued...

Persistent link: https://www.econbiz.de/10009441272

The new issues puzzle : evidence from non-US firms

Bali, Turan G.; Cakici, Nusret; Fabozzi, Frank J. - In: Applied economics letters 20 (2013) 16/18, pp. 1586-1591

Persistent link: https://www.econbiz.de/10010222105

May foreign benefits plans invest in new issues under FINRA Rules 5130 and 5131

Francis, Samuel - In: Journal of Investment Compliance 13 (2012) 3, pp. 13-20

Purpose – The purpose of this article is to analyze whether and how employee benefits plans established in foreign jurisdictions may participate in initial equity public offerings in the USA in compliance with the Financial Industry Regulatory Authority's rules restricting the sale and...

Persistent link: https://www.econbiz.de/10014893429

Aggregate volatility risk: Explaining the small growth anomaly and the new issues puzzle

Barinov, Alexander - In: Journal of Corporate Finance 18 (2012) 4, pp. 763-781

The paper shows that new issues earn low expected returns because they are a hedge against increases in expected … aggregate volatility. Consistent with that, the ICAPM with the aggregate volatility risk factor can explain the new issues …

Persistent link: https://www.econbiz.de/10010599415