排序方式: 共有32条查询结果,搜索用时 156 毫秒
1.
With time-varying adverse selection in the market for new equityissues, firms will prefer to issue equity when the market ismost informed about the quality of the firm. This implies thatequity issues tend to follow credible information releases.In addition, if the asymmetric in information increases overtime between information releases, the price drop at the announcementof an equity issue should increase in the time since the lastinformation release. Using earning releases as a proxy for informativeevents, we find evidence supporting these propositions. 相似文献
2.
3.
4.
5.
6.
7.
8.
Helen M. Bowers Rodney L. Roenfeldt Jack W. Trifts 《Review of Quantitative Finance and Accounting》1991,1(4):399-407
Uncertainty concerning the ultimate outcome of tender offers may affect the measurement of changes in shareholder wealth.
The uncertainty regarding the outcome of tender offers is measured by estimating the probability of acceptance of tender offers
during the period when the tender offers are outstanding. The estimated probability of acceptance of tender offers implies
that the amount of uncertainty prior to knowledge of the ultimate outcome is substantial and affects the measurement of expected
equity gains. The uncertainty-adjusted measure of the change in shareholder wealth indicates that previous studies may have
underestimated the gains expected to result from tender offers. 相似文献
9.
10.