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Page 1. LONG-RUN PERFORMANCE OF INITIAL PUBLIC OFFERINGS (IPOs) IN THE SPANISH CAPITAL MARKET * Susana Álvarez Víctor M. González Department of Business Administration University of Oviedo Avda. del ...
Research Interests: Economics, Financial management, Stochastic dominance, Initial public offering, Applied Economics, and 21 moreInvestment Banking, Managerial Finance, Mathematical Sciences, Event Study, Design Methodology, Cost of Capital, Economic Reform, First-Order Logic, IPO Initial Public Offering, Market efficiency, Financial Market, STOCK EXCHANGE, Initial Public Offerings, Business Finance, Economic transition, Secondary Mortgage Market, Indexation, Earnings Per Share, Market Value, Capital Market, and Cumulative distribution function
Page 1. LONG-RUN PERFORMANCE OF INITIAL PUBLIC OFFERINGS (IPOs) IN THE SPANISH CAPITAL MARKET * Susana Álvarez Víctor M. González Department of Business Administration University of Oviedo Avda. del ...
Research Interests: Economics, Financial management, Stochastic dominance, Initial public offering, Applied Economics, and 21 moreInvestment Banking, Managerial Finance, Mathematical Sciences, Event Study, Design Methodology, Cost of Capital, Economic Reform, First-Order Logic, IPO Initial Public Offering, Market efficiency, Financial Market, STOCK EXCHANGE, Initial Public Offerings, Business Finance, Economic transition, Secondary Mortgage Market, Indexation, Earnings Per Share, Market Value, Capital Market, and Cumulative distribution function
Summarizes the regulatory environment and practices for providing a property company with a public listing. Furthermore, reports evidence of the direct and implied costs of undertaking a property initial public offering. The results... more
Summarizes the regulatory environment and practices for providing a property company with a public listing. Furthermore, reports evidence of the direct and implied costs of undertaking a property initial public offering. The results indicate that choice of issue method and timing are key decisions to be made by property company financial managers.
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In contrast to the well-documented underperformance of equity issuers, property investment firms undertaking initial public offerings and rights issues have performed indistinguishably from similar nonissuing firms. Property development... more
In contrast to the well-documented underperformance of equity issuers, property investment firms undertaking initial public offerings and rights issues have performed indistinguishably from similar nonissuing firms. Property development companies that issued equity over the same period performed significantly worse than nonissuing firms. The major difference between property development and property investment firms is that property investment firms hold portfolios of
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ABSTRACT This paper examines the predictive ability of alternative Unconditional methodologies. Another objective that is explored is the sensitivity of results to different grouping techniques, of size; PE ratio and dividend yield... more
ABSTRACT This paper examines the predictive ability of alternative Unconditional methodologies. Another objective that is explored is the sensitivity of results to different grouping techniques, of size; PE ratio and dividend yield portfolio groupings. The third issue examined entails the identification of priced factors in the UK market, over a twenty year of period, (1976-1996), and for a data-set (approximately 6000 companies), which provides a complete history of firms traded on the London Stock exchange, inclusive of Unlisted securities market. We find that that the choice of one methodology over another has important implications and that there is a sensitivity of results to different portfolio groupings.
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Research Interests:
Research Interests:
Research Interests:
Page 1. LONG-RUN PERFORMANCE OF INITIAL PUBLIC OFFERINGS (IPOs) IN THE SPANISH CAPITAL MARKET * Susana Álvarez Víctor M. González Department of Business Administration University of Oviedo Avda. del ...