Empirical Issues in Raising Equity CapitalMario Levis Hardbound. This volume covers issues of interest to corporate financiers, investment bankers, fund managers and investors involved in the process of raising long-term capital. The papers, which represent original contributions in their specific subject areas, cover a wide range of issues. These include initial public offerings, privatisation issues, seasoned issues and international equity offerings, with empirical evidence from more than eight countries in Europe, the Far East and the Americas. The volume makes a significant contribution to bridging the gap between modern finance theory and corporate financing practice. It is a vital book for postgraduate and Phd finance courses. |
Contents
THE UK EXPERIENCE | 22 |
EVIDENCE ON THE FLOTATION | 49 |
EVIDENCE | 81 |
Copyright | |
12 other sections not shown
Common terms and phrases
abnormal returns adjusted ADRs analysis assets auction average bank capital coefficient companies consistent corporate costs countries debt decisions demand dual-class effect empirical equity estimated evidence expected Financial Economics firms flotation funds going public higher holding hypothesis included increase indicates industries initial public offerings initial returns institutional interest investment investors issues Italy Journal of Financial lead less leverage listed long-run long-term lower major Management mean measure mechanism month NASDAQ negative observed operating ownership percent performance period positive presented privatisation procedures raised ratio reduce regression relatively reported retained risk Ritter sample seasoned sector securities shareholders shares signal significant significantly spreads standard statistically strategy structure suggests Table theory trading types underpricing underwriters United University variable venture capital volume voting