Information Risk and Long-Run Performance of Initial Public Offerings

Lingua: inglese

Editore: Gabler Verlag, 2008

383491259X / 9783834912596

Da: Buchpark, Trebbin, GermaniaBuchpark

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Venditore AbeBooks dal 30 settembre 2021

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Zustand: Sehr gut | Sprache: Englisch | Produktart: Bücher | Exactly forty years after Eugene Famäs (1965) article ¿The Behavior of Stock Market Prices¿ (Journal of Business), the play ¿E?cient Capital Markets¿ is still going strong. With his thesis, Frank Ecker is adding a new act to the play: His work is a combination of several new developments on the analytical and empirical capital market research front. Capital market e?ciency is based on two aspects. First, the ability of investors to identify a situation in which asset prices are out of the capital market equilibrium. Second, on the possibility of the market to make arbitrage pro?ts by driving the prices back to the equilibrium value. Both aspects are conditional on the set of ¿relevant¿ information. As a result, the basic question is: What is relevant information and how is it processed by investors? This work is building on the concept of information quality, information uncertainty or information risk. Famäs e?cient market hypothesis is just a special case based on the assumption that new information is absolutely correct and completely credible to all investors. In contrast, this work makes use of the more general assumption that new information can be characterized by very di?erent degrees of credibility, or qu- ity. The setting of initial public o?erings is chosen as one of the few capital market transactions arguably characterized by high information asymmetry between the ?rm¿s insiders (management) and outsiders (investors).…

Codice articolo 4503890/2

Titolo
Information Risk and Long-Run Performance of Initial Public Offerings
Autore
Ecker, Frank
Editore
Gabler Verlag
Anno di pubblicazione
2008
Condizione
Sehr gut
Rilegatura
Brossura
Lingua
inglese
ISBN 10
383491259X
ISBN 13
9783834912596
Cataloghi dei venditori
Bücher

Buchpark

Trebbin, Germania

Venditore con 5 stelle

Venditore AbeBooks dal 30 settembre 2021

Tariffe di spedizione da Germania a U.S.A.

ArticoloDa 60 a 60 giorni lavorativiDa 60 a 60 giorni lavorativi
Primo articoloEUR 105,00EUR 130,00
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