Ownership structures, underpricing and market liquidity of new equity issues

Article Abstract:

The initial underpricing varies directly with the ex post trading costs in the secondary market. Initial underpricing is related positively to the concentration of institutional shareholdings and negatively to the proportional equity ownership retained by the founding shareholders.

United States, Commodity & service prices, Capital funds & cash flow, Prices and rates, Valuation, Securities trading, Company pricing policy, Secondary market

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Bilateral and multilateral cointegration properties between the German and Central European equity markets

Article Abstract:

The bilateral and multilateral cointegration properties of German stock market and the three most credible Central European candidates for membership in the European Union is examined. The cointegration tests covers the time period of July 5, 1995, to March 27, 2002.

Europe, Foreign exchange market

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Why German banks should merge

Article Abstract:

A study on profit-structure relationships of German banks to identify the potentiality of takeover activities, based on economic models, is presented.

Commercial Banks, Acquisitions & mergers, Corporate Profits, Banking industry, Analysis, Usage, Mergers, acquisitions and divestments, Company acquisition/merger, Acquisitions and mergers, Profit, Profits, Economics, Economic methods

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