The post-listing return performance of unseasoned issues of common stock in Hong Kong

Article Abstract:

A study on the performance of post-listing returns of unseasoned offerings of common stocks inthe Hong Kong equity market from 1980 to 1990 is presented. A total of 92 Hong Kong unseasoned stock offerings are examined in the study. Results indicate that unseasoned stocks in the Hong Kong market exhibited favorable returns in the first months of listing, with this positive result giving way to unfavorable returns in the long run. Given these findings, investment in unseasoned Hong Kong common stocks is not recommended. Speculative effects on unfavorable returns in the long run are presented.

Hong Kong, Dual-class common stock, Dual class common stocks

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The integration of European stock markets: the case of the banks

Article Abstract:

A study was conducted to examine the level of integration defining European banks' stocks. The analysis applies data from the period covering Nov 30, 1987 to Oct 28, 1988 and evaluates banks from Germany, the Netherlands, Switzerland and the UK. It is shown that European banks exhibit a strong level of integration. The result implies accruing benefits from capital market deregulation.

Analysis

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An Investigation of the Impact of Interest Rates and Interest Rate Volatility on Australian Financial Sector Stock Return Distributions

Article Abstract:

A study is presented on the effects of interest rates on stock return distribution within the banking industry of Australia. Topics discussed include impact of industry deregulation, risk-return correlations, and increased competition between financial service companies.

Australia, Financial management, Science & research, Interest Rates, Securities issued, listed, Investor relations, Company securities, Return on investment, Rate of return

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