Results 51 to 60 of about 17,176 (202)
E-Jurnal Manajemen, 2017 Underpricing ialah harga saham perdana dibawah harga pasar atau harga saham pada pasar sekunder lebih tinggi daripada harga saham pada pasar perdana dimana investor tertarik untuk membeli.
I Putu Eddy Pratama Putra +1 more
doaj
Decoding the impact of political uncertainty on IPO underpricing in China
China Accounting and Finance ReviewPolitical factors play a crucial role in China's initial public offering (IPO) market due to its distinctive institutional context (i.e. “economic decentralization” and “political centralization”). Given the significant level of IPO underpricing in China,
Yamin Xie +3 more
doaj +1 more source
Risk Perceptions and Corporate Financing Behavior
Financial Management, EarlyView.ABSTRACT Using a recently developed measure of financial market risk perceptions, we show that risk perceptions affect firm‐level corporate financing behavior. Firms tend to adjust their capital structures to cater to investors' appetite for risk. When perceived risks are low, firms tend to choose more leveraged capital structures to take advantage of ...
Youngmin Choi +2 more
wiley +1 more source
Bank IPOs and Regulations: Cross‐Country Evidence
Financial Review, EarlyView.ABSTRACT The present paper investigates the effect of banking industry regulations on bank initial public offering (IPO) underpricing. We approach this question from both a micro‐level and macro‐level regulatory perspective. First, we conduct our analysis within a micro framework, focusing on the effect of disclosure rules on IPO underpricing.
Maria‐Eleni K. Agoraki +2 more
wiley +1 more source
Specification Tests for Jump‐Diffusion Models Based on the Characteristic Function
International Statistical Review, EarlyView.Summary Goodness‐of‐fit tests are suggested for several popular jump‐diffusion processes. The suggested test statistics utilise the marginal characteristic function of the model and its L2‐type discrepancy from an empirical counterpart. Model parameters are estimated either by minimising the aforementioned L2‐type discrepancy or by maximum likelihood ...
Gerrit Lodewicus Grobler +3 more
wiley +1 more source
Climate‐Neutrality Transition and Banks' Loan Pricing
Journal of Financial Research, EarlyView.Abstract In this paper, we propose a novel methodology to quantify firms' climate‐change transition risk (CCTR) and its implications for credit markets. We utilize the regulatory framework of the European Green Deal's 2050 carbon neutrality roadmap, focusing on large Eurozone firms and their banking relationships.
Evangelos Salachas +2 more
wiley +1 more source
A Comprehensive Revisit to the Safe‐Haven Assets Literature
Journal of Economic Surveys, EarlyView.ABSTRACT A large number of studies examine the safe‐haven characteristics of different asset classes. However, this paper addresses a lack of systematic literature reviews and bibliometric analyses with a sound theoretical viewpoint the safe‐haven assets literature by focusing on 1305 studies published in top‐tier journals during 2013–2026 from the ...
Javed Bin Kamal +3 more
wiley +1 more source
Factors Influencing IPO Underpricing in Poland
Acta Universitatis Lodziensis. Folia Oeconomica, 2020 We review the theory and evidence on IPO activity and underpricing focusing on the Warsaw Stock Exchange. Although the topic has been under investigation in the past, we believe that the recent decade of low interest rates deserves inquiry.
Przemysław Pomykalski, Piotr Filipiak
doaj +1 more source
Leader‐Follower Dynamics in Shareholder Activism
The Journal of Finance, EarlyView.ABSTRACT We propose a theory of coordination and influence among blockholders. Privately informed activists time their trades in sequence to lower acquisition costs, prompting a strategic use of order flows: leader activists create trading gains for their followers, ultimately influencing their willingness to bear greater value‐enhancing intervention ...
DORUK CETEMEN +3 more
wiley +1 more source
It’s All About Me (Or Is It Us?): The Narrative Antecedents of the Locus of Celebrity
Journal of Management Studies, EarlyView.Abstract For two decades, research on individual and organizational celebrity has flourished. However, the literature remains limited in several ways. First, despite recent gains regarding the antecedents of celebrity, current theory does not fully explain why celebrity resides at a specific locus (i.e., at the individual‐ and/or organizational level).
Laura D’Oria +3 more
wiley +1 more source