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Author : Kamalam Unninayar
Publisher :
ISBN 13 :
Total Pages : 158 pages
Book Rating : 4.:/5 (369 download)
Download or read book Initial Returns and Financial Performance of Mutual-to-stock Thrift Conversions written by Kamalam Unninayar and published by . This book was released on 1996 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Bradford D. Jordan
Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.3/5 ( download)
Download or read book Returns to Initial Shareholders in Savings and Loan Conversions written by Bradford D. Jordan and published by . This book was released on 1986 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines that stock price performance of savings institutions that have converted to the stock form of organization. Using event-study methodology, the study focuses on the returns to initial shareholders in the period immediately following initial trading. The results of the study indicate that there are significant positive returns in savings institution conversions in the first several trading days, indicating a one-time wealth transfer from depositors not extracting their rights to the initial shareholders. The results also attest to the efficiency of the market as the market price adjusts quickly in the first two days of trading after the public offering.
Author : Julie A.B. Cagle
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (129 download)
Download or read book Conversions of Mutual Savings Institutions written by Julie A.B. Cagle and published by . This book was released on 1998 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: We examine initial returns of fully underwritten IPOs of converting thrifts for evidence that managers and depositors of conversion-related offers earn significantly greater returns than investors in IPOs of other financial institutions. Regulators have suggested that new guidelines for conversion from a mutual to a stock thrift are designed to curb quot;windfall profitsquot; earned by insiders investing in conversion-related IPOs. While there are reports of average initial returns of more than 20% for conversion-related IPOs, our results suggest that investors earn average initial returns of about 7%, which is not significantly different than returns from IPOs of other thrifts and commercial banks.
Author : Daniel E. Page
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (129 download)
Download or read book Thrift Conversions and Windfall Profits written by Daniel E. Page and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The thrift industry has been studied extensively in recent years due to the enormous costs to resolve failed thrifts during the late 1980s and early 1990s. Almost all of the studies have focused on the causes of these failures. Yet, an important but relatively neglected development that merits further study is the conversion of mutual institutions to the stock form of ownership. Such conversions raise questions regarding the appropriate price for the shares in initial offerings, particularly in view of reports that windfall profits have been realized by the initial investors in numerous cases and who should receive the shares. The purpose of this paper is to examine mutual thrifts that converted to stock ownership form during 1992 and 1993 to determine whether excess returns were indeed realized and, if so, to identify the determinants of those excess returns. The empirical results indicate the initial investors do indeed benefit from significantly positive abnormal returns during the first few days of trading after conversion. Additional empirical results indicate that both the pro-forma price-to-book ratio and the dollar amount of shares management intends to purchase are significant factors in explaining the variation in the abnormal returns.
Author : Navi Tej Singh
Publisher :
ISBN 13 :
Total Pages : 228 pages
Book Rating : 4.:/5 (364 download)
Download or read book Conversions of Thrifts from Mutual to Stock Companies written by Navi Tej Singh and published by . This book was released on 1996 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : United States. Congressional Budget Office
Publisher :
ISBN 13 :
Total Pages : 9 pages
Book Rating : 4.:/5 (3 download)
Download or read book Analyzing Claims to the Financial Benefits of Mutual Thrift Conversions written by United States. Congressional Budget Office and published by . This book was released on 1994 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs
Publisher :
ISBN 13 :
Total Pages : 120 pages
Book Rating : 4.0/5 ( download)
Download or read book Mutual-to-stock Conversions--S. 1801 written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and published by . This book was released on 1994 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Elijah Brewer
Publisher :
ISBN 13 :
Total Pages : 57 pages
Book Rating : 4.:/5 (492 download)
Download or read book Pricing IPOs of Mutual Thrift Conversions written by Elijah Brewer and published by . This book was released on 2001 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book FDIC Banking Review written by and published by . This book was released on 1996 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Financial Institutions Supervision, Regulation and Insurance
Publisher :
ISBN 13 :
Total Pages : 860 pages
Book Rating : 4.3/5 (91 download)
Download or read book Financial condition of the bank and thrift industries written by United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Financial Institutions Supervision, Regulation and Insurance and published by . This book was released on 1986 with total page 860 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Joseph Aharony
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (129 download)
Download or read book Changes in Ownership Structure and the Value of the Firm written by Joseph Aharony and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines some economic and organizational changes which result from the conversion of Mutual Thrift Institutions to publicly traded stock charter corporations. We focus on the relation between the initial value of the converted firm and subscription decisions by management and by regular depositors, and the employment of a prestigious underwriter or auditor. Whereas the proportion of managerial subscriptions displays a convex relationship with the firm's initial value, the relation between the regular depositor subscription and the converted firm's value is linear and positive. The status of the underwriter or auditor is unrelated to the value of the converted firm. These findings are attributed to the particular regulatory setting that governs the MTI conversion process, to constraints on ownership holdings and to the oversight function of the regulator.
Author : James F Royal, PH D
Publisher :
ISBN 13 :
Total Pages : 284 pages
Book Rating : 4.6/5 (757 download)
Download or read book The Zen of Thrift Conversions written by James F Royal, PH D and published by . This book was released on 2020-10 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Though no one speaks about them, thrift conversions have been tremendously lucrative for savvy investors." If you dream of digging up hidden treasure in the stock market, you'll want to read this book. You're about to discover a niche that portfolio managers and top investment experts can't touch - even if they knew about it! It's an area you have a huge advantage on Wall Street. It's a place where the potential returns are high and the risks are low, and most of the stocks are acquired at a substantial premium. Here's your guide to these secret stocks: - Discover how to systematically uncover these hidden gems- Invest even before they go public- Find banks so cheap they're worth more dead than alive- Analyze how to buy them and what to look for - even let pro analysts value them for you- Get expert insight from investors who dominate this niche- Supercharge your returns by getting these top professionals to work for you - for free!This book provides step-by-step guidance for investors and offers case studies of current and past stocks. You'll have the tools to find attractive risk-adjusted returns in small banks. James F. Royal, Ph.D., got hooked on special situation investments after he discovered that the stock market sometimes gives away companies for free and occasionally even pays you to take them. He worked at The Motley Fool as an analyst managing a portfolio of spinoffs and thrift conversions. He has been investing in stocks for over 20 years and has a doctorate from the University of Florida.
Author : United States. Congress. House. Committee on Banking and Currency. Subcommittee on Bank Supervision and Insurance
Publisher :
ISBN 13 :
Total Pages : 236 pages
Book Rating : 4.0/5 (1 download)
Download or read book Conversions (mutual to Stock Institutions) written by United States. Congress. House. Committee on Banking and Currency. Subcommittee on Bank Supervision and Insurance and published by . This book was released on 1973 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : United States. Congress. House. Committee on Banking, Currency and Housing. Subcommittee on Financial Institutions Supervision, Regulation and Insurance
Publisher :
ISBN 13 :
Total Pages : 748 pages
Book Rating : 4.0/5 (13 download)
Download or read book Financial institutions and the Nation's economy (FINE) written by United States. Congress. House. Committee on Banking, Currency and Housing. Subcommittee on Financial Institutions Supervision, Regulation and Insurance and published by . This book was released on 1975 with total page 748 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : United States. Congress. House. Committee on Banking, Currency and Housing. Subcommittee on Financial Institutions Supervision, Regulation and Insurance
Publisher :
ISBN 13 :
Total Pages : 738 pages
Book Rating : 4.:/5 (327 download)
Download or read book Financial Institutions and the Nation's Economy (FINE): Appendixes "A" and "B" written by United States. Congress. House. Committee on Banking, Currency and Housing. Subcommittee on Financial Institutions Supervision, Regulation and Insurance and published by . This book was released on 1976 with total page 738 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : United States. Congress. House. Committee on Banking and Currency. Subcommittee on Bank Supervision and Insurance
Publisher :
ISBN 13 :
Total Pages : 968 pages
Book Rating : 4.3/5 (121 download)
Download or read book Proceedings of the Federal Home Loan Bank Board, Public Hearings on Conversion Regulations at Washington, D.C., March 12 and 13, 1973 written by United States. Congress. House. Committee on Banking and Currency. Subcommittee on Bank Supervision and Insurance and published by . This book was released on 1973 with total page 968 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Mona J. Gardner
Publisher :
ISBN 13 :
Total Pages : 824 pages
Book Rating : 4.3/5 (97 download)
Download or read book Managing Financial Institutions written by Mona J. Gardner and published by . This book was released on 1988 with total page 824 pages. Available in PDF, EPUB and Kindle. Book excerpt:
