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Primary Market Design: Direct Mechanisms and Markets
Stomper, Alex; Pichler, Pegaret - 2004
We develop a model that allows for the coexistence of bookbuilding and when-issued trading. We show that, due to interactions between these two processes, allowing for when-issued trading is for the most part beneficial for issuers. When-issued trading may interfere with information gathering...
Persistent link: https://www.econbiz.de/10011324886
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Capital structure, information acquisition and investment decisions in an industry framework
Maksimovic, Vojislav; Stomper, Alex; Zechner, Josef - In: European finance review : the official journal of the … 2 (1998) 3, pp. 251-271
Persistent link: https://www.econbiz.de/10001400441
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Primary market design : direct mechanisms and markets
Pichler, Pegaret; Stomper, Alex - 2004
Persistent link: https://www.econbiz.de/10001976446
Cover Image
Primary market design : direct mechanisms and markets
Stomper, Alex; Pichler, Pegaret - 2004
We develop a model that allows for the coexistence of bookbuilding and when-issued trading. We show that, due to interactions between these two processes, allowing for when-issued trading is for the most part beneficial for issuers. When-issued trading may interfere with information gathering...
Persistent link: https://www.econbiz.de/10011599123