Results 31 to 40 of about 7,091 (286)
Noise from online discussion forums: Evidence from IPOs in China
In this study, we use initial public offerings (IPOs) in China to investigate how online stock forums influence information asymmetry and IPO valuation. The empirical analysis isolates the underpricing and overvaluation components of initial returns. The
Qingqing Fei
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Overvalued Equity and Financing Decisions [PDF]
We test whether and how equity overvaluation affects corporate financing decisions using an ex ante misvaluation measure that filters firm scale and growth prospects from market price. We find that equity issuance and total financing increase with equity overvaluation; but only among overvalued stocks; and that equity issuance is more sensitive than ...
Ming Dong +2 more
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Importance of the Debt-Adjusted Real Exchange Rate in the Eurozone and V4
The purpose of this paper is to determine a potential overvaluation and undervaluation of currencies of selected eurozone countries and of the Visegrád Four.
Patrik Abrahámek
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Current account and real exchange rate equilibrium: the case of manufacturing in Mexico, 2001-2019
In this paper, we follow Bresser-Pereira et al. (2021) and estimate for Mexico a a series of the real exchange rate (RER) that balances the current account for Mexico for the period 2001q1-2019q4.
LORENZO NALIN, JUAN CARLOS MORENO BRID
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The impersonal essay, or Montage as memory of the world
The audiovisual essay has been conventionally associated with the subjective and the personal. On the other hand, this introduction makes a case for the adoption of an ‘impersonal’ voice or viewpoint as a tactical response to the overvaluation of the ...
Domietta Torlasco
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Optimal Learning, Overvaluation and Overinvestment [PDF]
Periods of technological revolution are usually associated with overvaluation of and overinvestment by innovating firms. This paper develops a model that explains this behavior in a frictionless rational setting. When fully rational innovating firms face
Barbosa, António
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BackgroundPeople tend to overestimate their expectations for weight loss relative to what is achievable in a typical evidence-based behavioral weight management program, which can impact treatment satisfaction and outcomes. We are
Claire Voss +8 more
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Stock-based compensation, financial analysts, and equity overvaluation [PDF]
This is an accepted manuscript published by Springer in the Review of Accounting Studies.Stock-based compensation (SBC) reduces the value of shareholder equity, ceteris paribus, and is a significant and growing expense for many firms.
Zhao, Wuyang +5 more
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Acquisitions Driven by Stock Overvaluation [PDF]
Overvaluation might drive a firm to use its stock to acquire another firm whose stock is not as overpriced. Though hypothetically desirable, these acquisitions create little, if any, value for acquirer shareholders.
LIN, Leming
core
IPO overvaluation and returns prior to lockup expiration
Purpose Conventional wisdom says that the price reduction stocks experience at expiration of the initial public offering (IPO) lockup period is due to relaxation of selling constraints. Findings from more recent literature question this explanation. The
Yaoyi Xi +3 more
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