The Effects Of Market Segmentation And Investor Recognition On Asset Prices
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The Effects Of Market Segmentation And Investor Recognition On Asset Prices
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Author : Stephen R. Foerster
language : en
Publisher:
Release Date : 2001
The Effects Of Market Segmentation And Investor Recognition On Asset Prices written by Stephen R. Foerster and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with categories.
Non-U.S. firms cross-listing shares on U.S. exchanges as American Depositary Receipts earn cumulative abnormal returns of 19 percent during the year before listing, an additional 1.20 percent during the listing week, but incur a loss of 14 percent during the year following listing. We show how these unusual share price changes are robust to changing market risk exposures and are related to an expansion of the shareholder base and to the amount of capital raised at the time of listing. Our tests provide support for the market segmentation hypothesis and Merton?s (1987) investor recognition hypothesis.
The Effects Of Market Segmentation And Investor Recognition On Asset Prices
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Author : Stephen R. Foerster
language : en
Publisher: London : Richard Ivey School of Business, University of Western Ontario
Release Date : 1997
The Effects Of Market Segmentation And Investor Recognition On Asset Prices written by Stephen R. Foerster and has been published by London : Richard Ivey School of Business, University of Western Ontario this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with categories.
The Effects Of Market Segmentation And Illiquidity On Asset Prices
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Author : Stephen R. Foerster
language : en
Publisher:
Release Date : 1998
The Effects Of Market Segmentation And Illiquidity On Asset Prices written by Stephen R. Foerster and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with categories.
New abstract and new pdf file Diane 10/22/98 DianeNon-U.S. firms cross-listing shares on U.S. exchanges as American Depositary Receipts earn cumulative abnormal returns of 19 percent during the year before listing, an additional 1.20 percent during the listing week, but incur a loss of 14 percent during the year following listing. We show how these unusual share price changes are robust to changing market risk exposures and are related to an expansion of the shareholder base and to the amount of capital raised at the time of listing. Our tests provide support for the market segmentation hypothesis and Merton?s (1987) investor recognition hypothesis.
The Effects Of Market Segmentation And Illiquidity On Asset Prices
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Author : Christopher Géczy
language : en
Publisher:
Release Date : 1996
The Effects Of Market Segmentation And Illiquidity On Asset Prices written by Christopher Géczy and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Corporations categories.
The Effects Of Market Segmentation And Illiquidity On Asset Prices Evidence From Foreign Stocks Listing In The Us
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Author : Stephen Robert Foerster
language : en
Publisher: London : Richard Ivey School of Business, University of Western Ontario
Release Date : 1996
The Effects Of Market Segmentation And Illiquidity On Asset Prices Evidence From Foreign Stocks Listing In The Us written by Stephen Robert Foerster and has been published by London : Richard Ivey School of Business, University of Western Ontario this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Market segmentation categories.
Market Segmentation And Stock Prices
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Author : Ian Domowitz
language : en
Publisher:
Release Date : 1998
Market Segmentation And Stock Prices written by Ian Domowitz and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with categories.
Restrictions on equity ownership are common in many countries, especially emerging markets. Yet, despite their importance, many basic empirical questions regarding the effects of such barriers to investment remain unanswered. This paper examines the relation between stock prices and market segmentation induced by ownership restrictions in Mexico. The Mexican market is of particular interest, because firms typically issue multiple classes of equity that differentiate between foreign and domestic traders, and in the case of financial firms, between domestic individuals and institutions. We document significant stock price premia for unrestricted stock, reflecting segmentation induced by ownership restrictions. Using panel data techniques, we analyze the determinants of segmentation across firms and over time. In addition to economy-wide factors, such as foreign perceptions of currency risk, segmentation also reflects the relative scarcity of unrestricted shares. Our results are consistent with theoretical models, in which firms adjust their outstanding shares to discriminate between investor groups with different demand elasticities.
The Evidence And Impact Of Financial Globalization
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Author :
language : en
Publisher: Academic Press
Release Date : 2012-12-31
The Evidence And Impact Of Financial Globalization written by and has been published by Academic Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-31 with Business & Economics categories.
The sharp realities of financial globalization become clear during crises, when winners and losers emerge. Crises usher in short- and long-term changes to the status quo, and everyone agrees that learning from crises is a top priority. The Evidence and Impact of Financial Globalization devotes separate articles to specific crises, the conditions that cause them, and the longstanding arrangements devised to address them. While other books and journal articles treat these subjects in isolation, this volume presents a wide-ranging, consistent, yet varied specificity. Substantial, authoritative, and useful, these articles provide material unavailable elsewhere. Substantial articles by top scholars sets this volume apart from other information sources Rapidly developing subjects will interest readers well into the future Reader demand and lack of competitors underline the high value of these reference works
Pricing Of Closed End Country Funds Microform Effect Of Investor Sentiment Market Segmentation And Local Market Factors
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Author : Angela R. Bansal
language : en
Publisher: Ann Arbor, Mich. : University Microfilms International
Release Date : 2000
Pricing Of Closed End Country Funds Microform Effect Of Investor Sentiment Market Segmentation And Local Market Factors written by Angela R. Bansal and has been published by Ann Arbor, Mich. : University Microfilms International this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with categories.
Icembda 2023
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Author : Jianguo Liu
language : en
Publisher: European Alliance for Innovation
Release Date : 2024-01-19
Icembda 2023 written by Jianguo Liu and has been published by European Alliance for Innovation this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-01-19 with Business & Economics categories.
The 4th International Conference on Economic Management and Big Data Applications was successfully held in Tianjin, China from October 27th to 29th, 2023. This conference served as a platform for researchers, scholars, and industry professionals to exchange knowledge and insights in the field of economic management and the application of big data. The conference held great significance in advancing the understanding and application of economic management and big data. By bringing together experts from around the globe, the conference facilitated the exchange of innovative ideas and research findings, contributing to the development of these fields. The topics covered during the conference showcased the latest advancements and trends in enterprise economic statistics, information evaluation, blockchain technology, industrial structure optimization, information retrieval, data regression analysis, intelligent Internet of Things platforms, and data encryption. The discussions and presentations during the conference allowed participants to explore new methodologies, strategies, and technologies that can enhance economic management practices and leverage the potential of big data. The conference provided a platform for scholars and practitioners to share their experiences, insights, and best practices, fostering collaboration and networking opportunities. Furthermore, the proceedings were published, ensuring the dissemination of valuable research findings to a wider audience. The collective knowledge and research presented at the conference will contribute to the academic community, industry professionals, and policymakers, enabling them to make informed decisions and develop effective strategies in the fields of economic management and big data applications. Overall, the 4th International Conference on Economic Management and Big Data Applications played a pivotal role in promoting knowledge exchange, fostering innovation, and shaping the future of economic management by harnessing the power of big data.
Handbook Of The Economics Of Finance
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Author : G. Constantinides
language : en
Publisher: Elsevier
Release Date : 2003-11-04
Handbook Of The Economics Of Finance written by G. Constantinides and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-11-04 with Business & Economics categories.
Volume 1B covers the economics of financial markets: the saving and investment decisions; the valuation of equities, derivatives, and fixed income securities; and market microstructure.