The effects of equity issues on ownership structure and stock liquidity: a comparison of rights and public offerings

Article Abstract:

The findings from the comparison of rights and public offerings will help resolve the question of public underwritten offerings, specifically bigger companies with additional diffuse ownership frameworks and repeatedly exchanged stocks. For large companies, the weakening in company value because of decreased liquidity is markedly greater than for companies with somewhat illiquid stocks. Rights offerings are related with a statistically notable hike in proportionate bid-ask spreads, while public underwritten offerings are succeeded by a marked drop in proportionate bid-ask spreads.

Portfolio Management, Management, Going public (Securities), Initial public offerings, Stock rights, Stockholders' preemptive rights

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Comparing asset pricing models: An investment perspective

Article Abstract:

Research into two different models (risk based and characteristic based) shows that the best investment strategies suggested by the models can be significantly different, unless some uncertainty, and realistic constraints, are introduced.

Investments, Pricing

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Predictive regressions

Article Abstract:

Bayesian analysis is used for predictive regressions assessing the allocation of assets.

Economics, Research and Development in the Social Sciences and Humanities, Usage, Economic aspects, Regression analysis

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