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The Economics of Nuclear Power
Horst, Ronald L - 2006
We extend economic analysis of the nuclear power industry by developing and employing three tools. They are 1) compilation and unification of operating and accounting data sets for plants and sites, 2) an abstract industry model with major economic agents and features, and 3) a model of nuclear...
Persistent link: https://www.econbiz.de/10009450940
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Strategic advantage and the optimal exercise of entry options
Perotti, E.C.; Rossetto, S. - 2001
We investigate the timing and the valuation of strategic investment aimed at enhancing entry opportunities in related market segments. As demand is uncertain, entry options should be exercised at the optimal time, trading off the market share gain against the option to wait until more...
Persistent link: https://www.econbiz.de/10009460051
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Dividend policy choice : do earnings or investment opportunities matter?
Ali Ahmed, Huson Joher; Shaikh, Junaid M. - 2008
The aim of this paper is to analyse the influence of a company's level of earnings and growth opportunities in determining the dividend policy choice of Malaysian-listed firms. The analysis is based on a sample of 136 firms listed on the Bursa Malaysia Index over a period of six years, from 1990...
Persistent link: https://www.econbiz.de/10009484059
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A-REIT seasoned equity offerings : determinants and market reaction
Chikolwa, Bwembya - 2009
The paper examines the decision by Australian Real Estate Trusts (A-REITs) to issue seasoned equity offerings from 2000 - 2008 and stock market reaction to the offerings using panel data and event study methodologies, respectively. The global financial crisis has resulted in freezing of the...
Persistent link: https://www.econbiz.de/10009437605
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Determinants and market impact of seasoned equity offerings : the case of A-REITs
Chikolwa, Bwembya; Kim, Jinu - 2009
The paper examines the decision by Australian Real Estate Trusts (A-REITs) to issue seasoned equity offerings from 2000 - 2008 and stock market reaction to the offerings. The findings reveal that highly leveraged A-REITs with variable earnings are less likely to issue seasoned equity offerings....
Persistent link: https://www.econbiz.de/10009438312
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The Impact of Hedge Funds on the Volatility of Seasoned Equity Offerings
Hull, Robert M.; Kwak, Sungkyu; Walker, Rosemary - 2010
To what extent can hedge funds influence stock price volatility surrounding theannouncements of major corporate events? To answer this question, this paper examinesone of the more common major corporate events: seasoned equity offerings (SEOs). Wetest the impact of hedge fund variables on...
Persistent link: https://www.econbiz.de/10009462241
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Why Do Investors React Negatively to Seasoned Equity Offerings?
Kim, E. Han - 2006
The average investor reaction is neutral to primary offerings by firms with managerial incentives closely tied to the shareholder value. Investors react negatively (1) when there are insufficient managerial ownership stakes to deter misuse of SEO proceeds and (2) when there are negative signals...
Persistent link: https://www.econbiz.de/10009476931
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Does market misvaluation help explain share market long-run underperformance following a seasoned equity issue?
Brown, Philip S.; Gallery, Gerry T.; Goei, Olivia - 2006
We examine the relation between pre-SEO announcement date misvaluation and long-run post-SEO performance for a large sample of Australian seasoned equity offerings (SEO) made between 1993 and 2001. Our study is motivated by inconsistent findings across countries with respect to the SEO long-run...
Persistent link: https://www.econbiz.de/10009483438
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Seasoned equity offerings and market volatility
Eom, Chanyoung - 2011
options theory of equity issuance for investment. In this study, I examine in greater detail whether the pre- and post … reconciles the volatility finding of Carlson et al. with the real options theory of equity issuance for investment. I also … secondary SEOs, real options theory makes no predictions about risk changes around the events. I find that market volatility …
Persistent link: https://www.econbiz.de/10009447408
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Markov Model for Stock Market Buy and Sell Strategy
West, Donald Ray - 2004
Approximately 50% of the households in America invest in the stock market. In many cases the investor's buy and hold strategy leads to negative returns. Given the stock market fluctuates up and down as time progresses, analysts examine stock prices, volumes traded and ratios to recommend buy and...
Persistent link: https://www.econbiz.de/10009431244