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Routledge Revivals: The Efficiency of New Issue Markets (1992)
Engelsk
Bogcover for Routledge Revivals: The Efficiency of New Issue Markets (1992) af Kyran McStay, 9781138574908
Specifikationer
Sprog:
Engelsk
Sider:
144
ISBN-13:
9781138574908
Indbinding:
Hardback
ISBN-10:
1138574902
Udg. Dato:
15 dec 2017
Størrelse i cm:
23,4 x 15,6
Oplagsdato:
15 dec 2017
Forfatter(e):

Routledge Revivals: The Efficiency of New Issue Markets (1992)

Engelsk
Hardback 2017
Format:

Bog beskrivelse

First published in 1992, The Efficiency of New Issue Markets provides a theoretical discussion of the adverse selection model of the new issue market. It addresses the hypothesis that the method of distribution of new issues has an important bearing on the efficiency of these markets. In doing this, the book tests the efficiency of the Offer for Sale new issue market, which demonstrates the validity of the adverse selection model and contradicts the monopsony power hypothesis. This examines the relative efficiency of the new issue markets and in turn demonstrates the importance of distribution in determining relative efficiency. The book provides a comprehensive overview of under-pricing and through this assesses the efficiency of new issue markets.

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Specifikationer
Sprog:
Engelsk
Sider:
144
ISBN-13:
9781138574908
Indbinding:
Hardback
ISBN-10:
1138574902
Udg. Dato:
15 dec 2017
Størrelse i cm:
23,4 x 15,6
Oplagsdato:
15 dec 2017
Forfatter(e):
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