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We perform an event study to investigate stock returns associated to the announcement of equity issues by Brazilian firms between 1992 and 2003 aiming to determine the market reaction before, during, and after the issue announcement. After measuring abnormal returns by OLS, we used ARCH and...
Persistent link: https://www.econbiz.de/10005134785
Any attempt to measure the impact of the 9/11 attacks is faced with the difficulty of separating the effects of the attacks from the impact of a wider economic recession and other simultaneous events. This study attempts to isolate the effect on New York office rental and vacancy rates by...
Persistent link: https://www.econbiz.de/10005561660
Past researches have revealed significant abnormal returns for bonus issues even though the bonus issue date is known in advance and the distribution contains no new information. This study examines the stock price reaction to the information content of bonus issues with a view of examining the...
Persistent link: https://www.econbiz.de/10005134827
Past researches have revealed significant abnormal returns for bonus issues even though the bonus issue date is known in advance and the distribution contains no new information. This study examines the stock price reaction to the information content of bonus issues with a view of examining the...
Persistent link: https://www.econbiz.de/10005413084
finance. Kroszner focuses on key areas for reform, including credit rating agencies and the mortgage securitization market … finance to bear on managing risk, for example—and should acknowledge the reality of human nature. After brief discussions by …
Persistent link: https://www.econbiz.de/10008919678
; global trade; transnational corporations; and multilateral and private finance. …
Persistent link: https://www.econbiz.de/10008919680
Tirole offer an original, unified perspective on these questions drawing on insights from modern corporate finance. In a … slight, but important departure from the standard theory of finance, they show how imperfect pledgeability of corporate …
Persistent link: https://www.econbiz.de/10008919689
The financial crisis of 2008 raised crucial questions regarding the effectiveness of the way the United States regulates financial markets. What caused the crisis? What regulatory changes are most needed and desirable? What regulatory structure will best implement the desired changes? This...
Persistent link: https://www.econbiz.de/10008919692
Stephen Axilrod is the ultimate Federal Reserve insider. He worked at the Fed’s Board of Governors for more than thirty years and after that in private markets and as a consultant on monetary policy. With Inside the Fed, he offers his unique perspective on the inner workings of the Federal...
Persistent link: https://www.econbiz.de/10008919694
For ten boom-powered years at the turn of the twenty-first century, some of America’s most prominent law and accounting firms created and marketed products that enabled the very rich--including newly minted dot-com millionaires--to avoid paying their fair share of taxes by claiming benefits...
Persistent link: https://www.econbiz.de/10010770390