Patterns in the Timing of Corporate Event Waves

Patterns in the Timing of Corporate Event Waves
Author: P. Raghavendra Rau
Publisher:
Total Pages: 46
Release: 2009
Genre:
ISBN:

Corporate events happen in waves. In this paper, we examine the timing patterns of five different types of corporate event waves (new stock and seasoned equity issues, stock and cash-financed acquisitions, and stock repurchases) using a comprehensive dataset of more than 151,000 corporate transactions over the 25-year period 1980-2004. We document a distinctive pattern, previously undocumented in the literature, in the way stock-related waves form. Corporate waves seem to start with new issue waves (SEO preceding IPO waves), followed by stock-financed merger waves, followed in turn by repurchase waves. Our results hold over separate decades and across industries. Our results seem consistent with both the neoclassical efficiency hypothesis and the misvaluation hypothesis, and there are distinct periods when one or the other appears dominant.

Handbook of Research on IPOs

Handbook of Research on IPOs
Author: Mario Levis
Publisher: Edward Elgar Publishing
Total Pages: 599
Release: 2013-11-29
Genre: Business & Economics
ISBN: 1781955379

The chapters offer some important new insights into issues that will be of interest not only to the academic community but also to professionals involved in the preparation, structure and execution of such transactions, market regulators, and private a

Handbook of Corporate Finance

Handbook of Corporate Finance
Author: David J. Denis
Publisher: Edward Elgar Publishing
Total Pages: 709
Release: 2024-02-12
Genre: Business & Economics
ISBN: 1800373899

Expertly surveying the realm of corporate finance, this adroitly-crafted Handbook offers a wealth of conceptual analysis and comprehensively outlines recent scholarly research and developments within the field. It not only delves into the theoretical dimensions of corporate finance, but also explores its practical implications, thereby bridging the gap between these distinct strands.

The Oxford Handbook of IPOs

The Oxford Handbook of IPOs
Author: Douglas Cumming
Publisher:
Total Pages: 841
Release: 2018
Genre: Business & Economics
ISBN: 0190614579

This book provides a comprehensive analysis of IPOs. The chapters cover the latest information on a range of fundamental questions, including: How are IPOs regulated? How are IPOs valued? How well does an IPO perform in the short and long run, and what are the drivers of performance?

Mergers, Acquisitions, and Corporate Restructurings

Mergers, Acquisitions, and Corporate Restructurings
Author: Patrick A. Gaughan
Publisher: John Wiley & Sons
Total Pages: 819
Release: 2017-11-27
Genre: Business & Economics
ISBN: 1119380731

The essential M&A primer, updated with the latest research and statistics Mergers, Acquisitions, and Corporate Restructurings provides a comprehensive look at the field's growth and development, and places M&As in realistic context amidst changing trends, legislation, and global perspectives. All-inclusive coverage merges expert discussion with extensive graphs, research, and case studies to show how M&As can be used successfully, how each form works, and how they are governed by the laws of major countries. Strategies and motives are carefully analyzed alongside legalities each step of the way, and specific techniques are dissected to provide deep insight into real-world operations. This new seventh edition has been revised to improve clarity and approachability, and features the latest research and data to provide the most accurate assessment of the current M&A landscape. Ancillary materials include PowerPoint slides, a sample syllabus, and a test bank to facilitate training and streamline comprehension. As the global economy slows, merger and acquisition activity is expected to increase. This book provides an M&A primer for business executives and financial managers seeking a deeper understanding of how corporate restructuring can work for their companies. Understand the many forms of M&As, and the laws that govern them Learn the offensive and defensive techniques used during hostile acquisitions Delve into the strategies and motives that inspire M&As Access the latest data, research, and case studies on private equity, ethics, corporate governance, and more From large megadeals to various forms of downsizing, a full range of restructuring practices are currently being used to revitalize and supercharge companies around the world. Mergers, Acquisitions, and Corporate Restructurings is an essential resource for executives needing to quickly get up to date to plan their own company's next moves.

An Analysis of the Characteristics of Firms Conducting Corporate Events Inside and Outside Waves

An Analysis of the Characteristics of Firms Conducting Corporate Events Inside and Outside Waves
Author: Antonio J. Macias
Publisher:
Total Pages: 46
Release: 2016
Genre:
ISBN:

We document how firms participating in corporate transactions, classified in four types of corporate events (seasoned equity offerings, stock and cash-financed mergers, and share repurchases) within waves differ in predictable patterns from firms that engage in event activity outside waves. Despite only small differences in the characteristics of firms that conduct transactions outside waves and during short single-quarter waves, there are very large differences in the characteristics of these firms and the firms that conduct transactions in the beginning of long multi-quarter waves. Waves seem driven by the availability of growth opportunities or the presence of misvaluation and end when these opportunities disappear, with the exception of repurchase waves which appear to be driven by undervalued firms. Firm characteristics appear to diverge more at different stages within the wave.

Private Equity Investments

Private Equity Investments
Author: Claudia Sommer
Publisher: Springer Science & Business Media
Total Pages: 320
Release: 2012-10-08
Genre: Business & Economics
ISBN: 3658002344

Private Equity experienced dramatic flutuations in investment activity in line with the turbulences of financial markets in recent years. Claudia Sommer develops a theoretical framework of factors driving private equity investment activity and the resulting performance implications. Using a data set of more than 40,000 European transations between 1990 and 2009 she applies a variety of econometrial approaches and shows how neoclassical aspects, information asymmetries, agency conflicts, and market timing contribute to the dynamics in the private equity market. In a performance analysis of more than 1,300 European private equity funds, she reveals how fund performance is linked to investment activity. ​

Cardiac Pacing, Defibrillation and Resynchronization

Cardiac Pacing, Defibrillation and Resynchronization
Author: David L. Hayes
Publisher: John Wiley & Sons
Total Pages: 642
Release: 2021-05-03
Genre: Medical
ISBN: 1119263964

A practical and up-to-date guide to pacemaker technology and its clinical implementation As the field of cardiology continues to advance and expand, so too does the technology and expertise behind today’s electrophysiological devices. Cardiac Pacing, Defibrillation and Resynchronization has been assembled by international specialists to give all those caring for patients with heart disorders a clear and informative guide to the pacemakers and clinical methods of today. Now in its fourth edition, this essential resource: Explains different methods of pacemaker implementation in a straightforward and easy-to-follow manner Explores the most common challenges faced by working clinicians Features more than 750 illustrative graphics Contains data on the efficacy and long-term outcomes of different device models Covers new technology and clinical trial data Written for cardiologists, cardiac pacing caregivers, and those preparing to take their electrophysiology board examinations, Cardiac Pacing, Defibrillation and Resynchronization offers a complete exploration of electrophysical devices and their vital role in modern-day cardiology.

Trading Systems and Methods, + Website

Trading Systems and Methods, + Website
Author: Perry J. Kaufman
Publisher: John Wiley & Sons
Total Pages: 1232
Release: 2013-01-29
Genre: Business & Economics
ISBN: 1118043561

The ultimate guide to trading systems, fully revised and updated For nearly thirty years, professional and individual traders have turned to Trading Systems and Methods for detailed information on indicators, programs, algorithms, and systems, and now this fully revised Fifth Edition updates coverage for today's markets. The definitive reference on trading systems, the book explains the tools and techniques of successful trading to help traders develop a program that meets their own unique needs. Presenting an analytical framework for comparing systematic methods and techniques, this new edition offers expanded coverage in nearly all areas, including trends, momentum, arbitrage, integration of fundamental statistics, and risk management. Comprehensive and in-depth, the book describes each technique and how it can be used to a trader's advantage, and shows similarities and variations that may serve as valuable alternatives. The book also walks readers through basic mathematical and statistical concepts of trading system design and methodology, such as how much data to use, how to create an index, risk measurements, and more. Packed with examples, this thoroughly revised and updated Fifth Edition covers more systems, more methods, and more risk analysis techniques than ever before. The ultimate guide to trading system design and methods, newly revised Includes expanded coverage of trading techniques, arbitrage, statistical tools, and risk management models Written by acclaimed expert Perry J. Kaufman Features spreadsheets and TradeStation programs for a more extensive and interactive learning experience Provides readers with access to a companion website loaded with supplemental materials Written by a global leader in the trading field, Trading Systems and Methods, Fifth Edition is the essential reference to trading system design and methods updated for a post-crisis trading environment.

Handbook of Research on Reading Comprehension

Handbook of Research on Reading Comprehension
Author: Susan E. Israel
Publisher: Routledge
Total Pages: 709
Release: 2014-06-03
Genre: Education
ISBN: 1317639677

Researchers of reading comprehension, literacy, educational psychology, psychology, and neuroscience are brought together for this handbook, to document and summarize the current body of research on theory, methods, instruction and assessment in reading comprehension.