Ownership structures, underpricing and market liquidity of new equity issues
Article Abstract:
The initial underpricing varies directly with the ex post trading costs in the secondary market. Initial underpricing is related positively to the concentration of institutional shareholdings and negatively to the proportional equity ownership retained by the founding shareholders.
Publication Name: Studies in Economics and Finance
Subject: Economics
ISSN: 1086-7376
Year: 2003
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Bilateral and multilateral cointegration properties between the German and Central European equity markets
Article Abstract:
The bilateral and multilateral cointegration properties of German stock market and the three most credible Central European candidates for membership in the European Union is examined. The cointegration tests covers the time period of July 5, 1995, to March 27, 2002.
Publication Name: Studies in Economics and Finance
Subject: Economics
ISSN: 1086-7376
Year: 2003
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Why German banks should merge
Article Abstract:
A study on profit-structure relationships of German banks to identify the potentiality of takeover activities, based on economic models, is presented.
Publication Name: Studies in Economics and Finance
Subject: Economics
ISSN: 1086-7376
Year: 2007
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