... can time both repurchases as well as resales. Firms repurchase (resell) at lower (higher) prices than those prevailing in the market. Moreover, market-timing ability proves to be higher after the bailout period and to be influenced by the own stock trading frequency. Trading on the open market allows...

...Venessa S. Tchamyou; Simplice A. Asongu; Jacinta C. Nwachukwu Purpose The purpose of this paper is to investigate the effects of information asymmetry (between the realized return and the expected return) on market timing in the mutual fund industry. Design/methodology/approach For the purpose...

... be contacted at: p.andrikopoulos@coventry.ac.uk 05 04 2017 06 04 2017 06 04 2017 © Emerald Publishing Limited 2017 Emerald Publishing Limited Licensed re-use rights only Market timing Ownership structure Seasoned equity offerings Issue method Furthermore, firms...

...Jarkko Peltomäki Purpose The purpose of this paper is to present and demonstrate how the use of a multifactor model in the analysis of market timing skill can be misleading because the use of a multifactor model does not suit all investment styles equally well. If the factors of the analysis model...

...Tatiana Albanez Purpose – The purpose of this paper is to examine the market timing behavior of listed Brazilian companies to verify the effects of the cost of capital on their financing decisions, and hence on their capital structure. Design/methodology/approach – The relation between...