Many of the model's comparative statics results are novel, empirically testable, and consistent with the existing empirical evidence on new issues. In particular, the degree of underpricing, which can be inferred from observable variables, is positively related to the firm's post-issue share price...
Signalling and the pricing of new issues. J. Finance 44 (2), 393-420.Grinblatt M,Hwang C Y.Signalling and the pricing of new issues. Journal of Finance, The . 1989Grinblatt, M. and C. Y. Hwang. 1989. "Signalling and the Pricing of New Issues". Journal of Finance 44, 393-420....
Signalling and Price Discovery in Initial Public Offerings: Evidence From the Alteration of Pricing Mechanism in China The purpose of this study is to investigate whether the market-driven reform in pricing mechanism of IPOs has improve the price discovery efficiency in Chi... B Zou,X Xia - IEE...
This chapter was originally published inThe New Palgrave: A Dictionary of Economics, 1st edition, 1987. Edited by John Eatwell, Murray Milgate and Peter Newman Author information Authors and Affiliations http://link.springer.com/referencework/10.1007/978-1-349-95121-5 John G. Riley Editor informa...
I characterize the relation between buyers and a new service seller when the former are uncertain about the latter's business model. I derive a "natural" signalling equilibrium where the seller plays a "lock-in-and-switch" strategy, while buyers play a "wait-and-see" strategy. I show the...
摘要: Game theory has now been applied to all kind of disciplines in view of its powerful predicting power based on human behaviours. Certainly, Game theory has a great impact on the ways that we think about informational issues in Economics and Finance. In this paper, I attempt...
It has been proposed that hypoxia may underlie the inflammatory response in adipose tissue and evidence that the tissue is hypoxic in obesity has been obtained in animal models. Cell culture studies have demonstrated that the expression and secretion of key adipokines, including leptin, IL-6 and ...
Online access to entire books, special/themed/supplement journal issues or Karger ActiveBooks is not covered. 8. Your are entitled to purchasing online items at a special reduced rate as long as your account is active and the balance shown is more than or equals the reduced price of the ...
["Binomial options pricing model", 13719], ["Corruption Perceptions Index", 57343], ["Montgomery\u2013\u00c5sberg Depression Rating Scale", -1], ["Symbolic computation", 3663], ["Polypodium vulgare", 1138], ["Mind", 22731], ["Corannulene", 787], ["Portmanteau inhibitor", 235], ["...
Establishing pricing that appropriately reflects the locational value (costs and benefits) of generation and load within the electric power system network is a complex electricity market design challenge. Climate change policy and energy security concerns have resulted in the increased ...