Shareholder wealth effects of management changes

Article Abstract:

An analysis of the impact on stockholder wealth of management changes is presented. It is shown that instability which is generated by such organizational changes negatively affects firm performance. In addition, market forces exhibit an influence on corporate board formation. These forces generally define a need for management to be changed because of the impression that shareholder wealth is not fully maximized by retaining executives over long time periods.

Research, Analysis, Stockholders, Organizational change

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A Note on the Intraday Patterns of Initial Public Offerings: Evidence from Hong Kong

Article Abstract:

The Hong Kong market was found to be efficient in initial public offering under-pricing adjusting, tracking and mapping the volatility of IPOs. It is posited that only big investors applying for numerous shares benefit from this phenomenon due to the nation's share allotment method.

Commodity & service prices, Hong Kong, Models, Going public (Securities), Initial public offerings, Company public offering, Company pricing policy

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What Role Taxes and Regulation? A Second Look at Open Market Share Buyback Activity in the UK

Article Abstract:

Research indicates that United Kingdom open market buyback activity is understated by the Securities Data Corporation, and that more comprehensive data sets show instead that share repurchases are not primarily caused by pension fund tax considerations, but by underpricing.

United Kingdom, Capital Management-Stock Repurchase, Influence, Comparative analysis, Stock redemption, Open market operations

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