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Author : Janice C. Y. How
Publisher :
ISBN 13 : 9781863428620
Total Pages : 29 pages
Book Rating : 4.4/5 (286 download)
Download or read book Initial and Long-run Performance of Mining IPOs in Australia written by Janice C. Y. How and published by . This book was released on 2000 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Asjeet S. Lamba
Publisher :
ISBN 13 :
Total Pages : 34 pages
Book Rating : 4.:/5 (481 download)
Download or read book The Long-run Operating Performance of Initial Public Offerings written by Asjeet S. Lamba and published by . This book was released on 2001 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: The after-market and long-run price behavior of initial public offerings (IPOs) has generated considerable research interest. Previous studies have generally found that IPOs are underpriced at issue, but typically underperform benchmark portfolios in the long-run. Relatively less attention has been paid to why IPOs underperform benchmark portfolios in the long-run, particularly in IPO markets that are smaller than the US IPO market and where the institutional environment differs as well. In this paper, we provide the first comprehensive empirical analysis of the long-run operating performance of IPOs in Australia during 1991 94, and attempt to relate the level of underpricing to their pre- and post-issue operating performance and the long-run price behavior.
Author : Dr. Manjusha marthadr.b.k.suryaprakasharao
Publisher : Archers & Elevators Publishing House
ISBN 13 : 9388805321
Total Pages : pages
Book Rating : 4.3/5 (888 download)
Download or read book Performance Of Initial Public Offerings (Ipos) In India written by Dr. Manjusha marthadr.b.k.suryaprakasharao and published by Archers & Elevators Publishing House. This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Long Zhang
Publisher :
ISBN 13 :
Total Pages : 150 pages
Book Rating : 4.:/5 (1 download)
Download or read book Underpricing and Performance of Australian IPOs written by Long Zhang and published by . This book was released on 2016 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since 2010, on average over 70 initial public offerings (IPOs) are listed on the Australian Securities Exchange each year. These IPO firms have a wide range of performance in the short term and long term. The impact of founders on a firm's performance is a much debated topic and extant studies provide mixed evidence. Findings from other markets may not apply in Australian markets as different institutional and market settings may moderate and enhance the founder effect. This study assessed the effects of founders on IPO firms' performance in the short term and long term in Australia. By examining three founder variables of founder ownership, founder CEO and founder experience, we are able to identify founder effects on firm performance. With a dataset of 253 IPO firms from 2003 to 2013, we analysed the mean differences in IPO firms' performance among groups with different founder features. Our results indicate there are significant mean differences in underpricing between different levels of founder ownership. We conducted regression analysis for our whole sample and subsamples. Our results suggest a hump-shape curvilinear relationship between founder ownership and IPO underpricing in the short term. our findings show that IPO firms led by founder CEOs have poor performance in the long term. The analysis shows founder CEO firms are younger, smaller and have higher retained founder ownership compared to professional CEO firms.
Author : Wasantha Perera
Publisher :
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.:/5 (13 download)
Download or read book Do Australian IPOs Underperform in the Long-Run? Methodological Implications written by Wasantha Perera and published by . This book was released on 2018 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Much of the research on the long-run market performance of initial public offerings (IPOs) has found that the subsequent share prices are often lower than first day prices, which is documented as the under-performance phenomenon. We contribute to the literature by analyzing the performance of 249 Australian IPOs that listed during 2006 to 2011 by industry and issue year, using a number of performance metrics. We examine the long-run performance over periods varying from one to three years. We find that the appearance of under-or over-performance is sensitive to the performance metric applied. When full sample cumulative abnormal returns (CARs) are used IPOs over-perform but where buy-and-hold returns (BHRs), buy-and-hold abnormal returns (BHARs), and wealth relative index (WR) are used IPOs under-perform. Industry and issue year level analysis confirm the full sample results except in the case of CARs for the consumer discretionary & staples sector. The study concludes that the long-run performance of IPOs is sensitive to the performance measures used and whether an equal- and value-weighted scheme is applied to industry performance. This finding confirms that methodological issue is an important factor related to the long-run market performance of Australian IPOs. Finding suggests that management must be cautious when they play the role in evaluating the long-run performance of IPOs.
Author : André Dorsman
Publisher : Springer Science & Business Media
ISBN 13 : 3642306004
Total Pages : 249 pages
Book Rating : 4.6/5 (423 download)
Download or read book Energy Economics and Financial Markets written by André Dorsman and published by Springer Science & Business Media. This book was released on 2012-10-12 with total page 249 pages. Available in PDF, EPUB and Kindle. Book excerpt: Energy issues feature frequently in the economic and financial press. Specific examples of topical energy issues come from around the globe and often concern economics and finance. The importance of energy production, consumption and trade raises fundamental economic issues that impact the global economy and financial markets. This volume presents research on energy economics and financial markets related to the themes of supply and demand, environmental impact and renewables, energy derivatives trading, and finance and energy. The contributions by experts in their fields take a global perspective, as well as presenting cases from various countries and continents.
Download or read book PACIFIC-BASIN FINANCE JOURNAL written by and published by . This book was released on 2003 with total page 738 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Jonathon Berk
Publisher : Pearson Higher Education AU
ISBN 13 : 1442564644
Total Pages : 769 pages
Book Rating : 4.4/5 (425 download)
Download or read book Fundamentals of Corporate Finance written by Jonathon Berk and published by Pearson Higher Education AU. This book was released on 2013-12-02 with total page 769 pages. Available in PDF, EPUB and Kindle. Book excerpt: Core concepts. Contemporary ideas. Outstanding, innovative resources. To succeed in your business studies, you will need to master core finance concepts and learn to identify and solve many business problems. Learning to apply financial metrics and value creation as inputs to decision making is a critical skill in any kind of organisation. Fundamentals of Corporate Finance shows you how to do just that. Berk presents the fundamentals of business finance using the Valuation Principle as a clear, unifying framework. Throughout the text, its many applications use familiar Australian examples and makes consistent use of real-world data. This Australian adaptation of the highly successful US text Fundamentals of Corporate Finance features a high-calibre author team of respected academics. The second edition builds on the strengths of the first edition, and incorporates updated figures, tables and facts to reflect key developments in the field of finance. For corporate finance or financial management students, at undergraduate or post-graduate level.
Author : Wing-Keung Wong
Publisher : Mdpi AG
ISBN 13 : 9783036530802
Total Pages : 232 pages
Book Rating : 4.5/5 (38 download)
Download or read book Efficiency and Anomalies in Stock Markets written by Wing-Keung Wong and published by Mdpi AG. This book was released on 2022-02-17 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Efficient Market Hypothesis believes that it is impossible for an investor to outperform the market because all available information is already built into stock prices. However, some anomalies could persist in stock markets while some other anomalies could appear, disappear and re-appear again without any warning. A Special Issue on "Efficiency and Anomalies in Stock Markets" will be devoted to advancements in the theoretical development of market efficiency and anomaly in the Stock Market, as well as applications in Stock Market efficiency and anomalies.
Author : Marc Levinson
Publisher : The Economist
ISBN 13 : 1541742516
Total Pages : 250 pages
Book Rating : 4.5/5 (417 download)
Download or read book Guide to Financial Markets written by Marc Levinson and published by The Economist. This book was released on 2018-07-24 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: The revised and updated 7th edition of this highly regarded book brings the reader right up to speed with the latest financial market developments, and provides a clear and incisive guide to a complex world that even those who work in it often find hard to understand. In chapters on the markets that deal with money, foreign exchange, equities, bonds, commodities, financial futures, options and other derivatives, the book examines why these markets exist, how they work, and who trades in them, and gives a run-down of the factors that affect prices and rates. Business history is littered with disasters that occurred because people involved their firms with financial instruments they didn't properly understand. If they had had this book they might have avoided their mistakes. For anyone wishing to understand financial markets, there is no better guide.
Author : Victor Rudenno
Publisher : John Wiley & Sons
ISBN 13 : 0730381455
Total Pages : 629 pages
Book Rating : 4.7/5 (33 download)
Download or read book The Mining Valuation Handbook 4e written by Victor Rudenno and published by John Wiley & Sons. This book was released on 2019-09-10 with total page 629 pages. Available in PDF, EPUB and Kindle. Book excerpt: An essential, in-depth guide to mining investment analysis Written by a mining investment expert, The Mining Valuation Handbook: Mining and Energy Valuation for Investors and Management is a useful resource. It's designed to be utilized by executives, investors, and financial and mining analysts. The book guides those who need to assess the value and investment potential of mining opportunities. The fourth edition text has been fully updated in its coverage of a broad scope of topics, such as feasibility studies, commodity values, indicative capital and operating costs, valuation and pricing techniques, and exploration and expansion effects.
Author : Abhay Kumar Ray
Publisher : Authors Tree Publishing
ISBN 13 : 8197153841
Total Pages : 21 pages
Book Rating : 4.1/5 (971 download)
Download or read book The Entrepreneur's Journey written by Abhay Kumar Ray and published by Authors Tree Publishing. This book was released on 2024-05-28 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: Entrepreneurship is the act of creating, managing, and growing a business venture to make a profit while taking on financial risks. It involves identifying opportunities, innovating solutions, and bringing ideas to life. Entrepreneurs are visionaries who drive economic growth and societal progress.
Download or read book Handbook of Modern Finance written by and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Leonard Zacks
Publisher : John Wiley & Sons
ISBN 13 : 1118127765
Total Pages : 352 pages
Book Rating : 4.1/5 (181 download)
Download or read book The Handbook of Equity Market Anomalies written by Leonard Zacks and published by John Wiley & Sons. This book was released on 2011-08-24 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: Investment pioneer Len Zacks presents the latest academic research on how to beat the market using equity anomalies The Handbook of Equity Market Anomalies organizes and summarizes research carried out by hundreds of finance and accounting professors over the last twenty years to identify and measure equity market inefficiencies and provides self-directed individual investors with a framework for incorporating the results of this research into their own investment processes. Edited by Len Zacks, CEO of Zacks Investment Research, and written by leading professors who have performed groundbreaking research on specific anomalies, this book succinctly summarizes the most important anomalies that savvy investors have used for decades to beat the market. Some of the anomalies addressed include the accrual anomaly, net stock anomalies, fundamental anomalies, estimate revisions, changes in and levels of broker recommendations, earnings-per-share surprises, insider trading, price momentum and technical analysis, value and size anomalies, and several seasonal anomalies. This reliable resource also provides insights on how to best use the various anomalies in both market neutral and in long investor portfolios. A treasure trove of investment research and wisdom, the book will save you literally thousands of hours by distilling the essence of twenty years of academic research into eleven clear chapters and providing the framework and conviction to develop market-beating strategies. Strips the academic jargon from the research and highlights the actual returns generated by the anomalies, and documented in the academic literature Provides a theoretical framework within which to understand the concepts of risk adjusted returns and market inefficiencies Anomalies are selected by Len Zacks, a pioneer in the field of investing As the founder of Zacks Investment Research, Len Zacks pioneered the concept of the earnings-per-share surprise in 1982 and developed the Zacks Rank, one of the first anomaly-based stock selection tools. Today, his firm manages U.S. equities for individual and institutional investors and provides investment software and investment data to all types of investors. Now, with his new book, he shows you what it takes to build a quant process to outperform an index based on academically documented market inefficiencies and anomalies.
Author : Li Xing
Publisher : Springer
ISBN 13 : 3319922017
Total Pages : 303 pages
Book Rating : 4.3/5 (199 download)
Download or read book Mapping China’s ‘One Belt One Road’ Initiative written by Li Xing and published by Springer. This book was released on 2018-08-13 with total page 303 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book sets out to analyze how the OBOR initiative will influence the world’s geo-political and geo-economic environment, with specific regard to the ‘Belt and Road’ countries and regions. It evaluates what opportunities the OBOR can offer them in light of the constraints they face, paying particular attention to how security issues may keep some nations from fully participating. Questions are also asked about the tension and conflict along the ‘Belt’ and ‘Road’, which, after all takes in the Middle East’s most tumultuous regions, as well as the much disputed South China Sea. Finally, consideration is given as to how the world’s other economic powers will react when the OBOR inevitably brings about capital and resource competitions.
Author : Elisa Luciano
Publisher : MDPI
ISBN 13 : 3039216244
Total Pages : 224 pages
Book Rating : 4.0/5 (392 download)
Download or read book Risk Analysis and Portfolio Modelling written by Elisa Luciano and published by MDPI. This book was released on 2019-10-16 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial Risk Measurement is a challenging task, because both the types of risk and the techniques evolve very quickly. This book collects a number of novel contributions to the measurement of financial risk, which address either non-fully explored risks or risk takers, and does so in a wide variety of empirical contexts.
Author : Mario Levis
Publisher : Edward Elgar Pub
ISBN 13 : 9781781955369
Total Pages : 578 pages
Book Rating : 4.9/5 (553 download)
Download or read book Handbook of Research on IPOs written by Mario Levis and published by Edward Elgar Pub. This book was released on 2013 with total page 578 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Handbook of Research on IPOs provides a comprehensive review of the emerging trends and directions in the global initial public offerings (IPO) markets. The empirical evidence included in the book covers Europe, the US and the Far East, and presents a truly global perspective of IPO markets around the world and at the different stages of the entire IPO process.The Handbook is divided into six comprehensive parts:* why, when and where firms go public* preparation for the IPO* transaction structure and governance at the IPO* trading in the aftermarket* the aftermarket performance of IPOs* special types of IPOs. The chapters offer some important new insights into issues that will be of interest not only to the academic community but also to professionals involved in the preparation, structure and execution of such transactions, market regulators, and private and institutional investors.
