Showing 1 - 10 of 43
Persistent link: https://www.econbiz.de/10011288916
Persistent link: https://www.econbiz.de/10003996501
Persistent link: https://www.econbiz.de/10010442839
We document a significant and robust connection between firm-level asset changes and return momentum. Momentum profits are large and significant for firms that have experienced large asset expansions or contractions, whereas they otherwise are small and often insignificant. The interaction...
Persistent link: https://www.econbiz.de/10013094257
Persistent link: https://www.econbiz.de/10009504833
Persistent link: https://www.econbiz.de/10001932450
Persistent link: https://www.econbiz.de/10002043125
We propose a rationale for why firms often return to the equity market shortly after their initial public offering (IPO). We argue that hard to value firms conduct smaller IPOs, and that they return to the equity market conditional on positive valuation signal from the stock market. Thus,...
Persistent link: https://www.econbiz.de/10013250483
We analyze preferences of foreign institutional investors in the Chinese stock market in a sample that covers 2003 to 2014. We find foreign investors changed their investment behavior during the sample period from generic patterns found in much of the world to China-specific patterns. The...
Persistent link: https://www.econbiz.de/10012907650
We study the value of innovation in a case study of one of the most visible innovative products in recent years, Apple's iPhone. The value effects of news announcements, patent publications, and trademarks relating to iPhone are taken into account. Our estimate of the lower bound on the value of...
Persistent link: https://www.econbiz.de/10013103677