... and liquidity creation for only small banks. Byeongyong Paul Choi can be contacted at: bchoi@howard.edu © Emerald Group Publishing Limited 2016 Equity capital Liquidity risk Life insurer Liquidity creation Liquidity creation or transformation is an important function that is performed...

...]/Book Value of Equity (Data60), Price=[High (Data197)+ Low (Data198)]/2, and ε = error term [3] . Share issues Equity capital Seasoned equity offerings Use of issue proceeds Research and development United States of America Why do firms issue seasoned equity? A definitive answer...

..., ω(ROE). © Emerald Group Publishing Limited 2013 Dividends Returns Equity capital Value premium Value versus growth stocks Dividend paying firms The value‐premium is the empirical observation (Fama and French, 1998) that “value” stocks (low market/book) have higher returns...

... included in the prestigious indices, such as S&P 500 LargeCap, S&P 400 MidCap, or S&P 600 SmallCap? The current literature provides no answer to this question. Yet, such an analysis can be insightful. Initial public offerings S&P 400 S&P 500 S&P 600 Equity capital...

... pricing model Equity capital International capital asset pricing model Global capital asset pricing model Domestic capital asset pricing model Cost of equity Currency exposure Previous empirical research found that the single‐factor domestic CAPM yields cost of equity estimates for US firms...

...). Cash flow Equity capital Share values Earnings management Seasoned equity offerings Earnings per share dilution Graham and Harvey (2001) report that the dilution of earnings per share (EPS) is the strongest concern of CFOs when considering equity issues. Since the capital raised through...

... of the variation. Carve‐outs Spin‐offs Divestitures Equity capital Corporate ownership Economic returns We cross‐check all carve‐outs with Lexis‐Nexis, Investment Dealer's Digest, Standard and Poor's Dividend Record, Mergent Dividend Record (formerly Moody's), Mergent Industrial...

... by R_g. Sam Agyei‐Ampomah can be contacted at: s.agyei‐ampomah@surrey.ac.uk © Emerald Group Publishing Limited 2011 Africa Stock markets Globalization Equity capital Emerging markets The issue of equity market integration has generated a lot of interest among investors...

... when computing long‐run returns. The most recent long‐run SEO research (Panagiotis, 2009 ; Lyandres et al., 2009) attempts to explain the post‐offering underperformance for new equity offerings. © Emerald Group Publishing Limited 2010 Equity capital Shareholders Share values...

... Publishing Limited 2010 Stock prices Equity capital Financial Markets Investments A widespread belief among academic researchers, many industry practitioners, and others is that opening and closing stock prices accurately reflect the fundamental values of the stocks being traded. Our...

... with stronger corporate governance mechanisms that reduce adverse selection or agency problems. Practical implications This paper's findings are evidence that stronger boards can reduce a firm's cost of raising additional equity capital. Originality/value – There is not believed to be any other published...

... between IPO initial returns and underwriter reputation. It also furthers the existing research on IPO anomalies and notes characteristics in this field of financial markets that may be important to both issuers and investment banks. Investments Equity capital Underwriting Flotation Initial...

...Marcus Ingram; Speros Margetis Purpose The purpose of this paper is to propose and test a method for selecting a portfolio of public firms which can be used for computing the cost of equity capital for a non‐public firm or division of a firm. Design/methodology/approach This method relies...

..., indicating that over the period examined Chinese firms did not produce an adequate return relative to their book value of equity investment. China Gearing Investments Debts Equity capital Since the seminal work of Modigliani and Miller (1958) , financial economists have strived to determine...

...) conservatism. It is argued that the two dimensions of conservatism convey different information to the market about the quality of accounting numbers and have different associations with equity investors' required rates of return. Design/methodology/approach The cost of equity capital estimates are based...

... be important to both issuers and investors. Travis L. Jones can be contacted at: tljones@fgcu.edu © Emerald Group Publishing Limited 2009 Equity capital Discounts Chronological periods Financial markets The finance literature notes many anomalies relating to the issuance of new...

... examines data from two Islamic banks in Pakistan to evaluate the practice and performance of Islamic banks and the conclusion in section 4 summarizes the findings with some policy implications. Islam Banking Financing Equity capital Partnership Moral hazards Over the last decade...

... of stock returns. Melissa A. Williams can be contacted at: williamsmeli@cl.uh.edu © Emerald Group Publishing Limited 2008 Compensation Stock options Banking Acquisitions and mergers Equity capital Risk analysis Agency problems that arise in a publicly held corporation have...

... month. However, when K = 12 the difference is −0.56 per cent per month. Thus, we are of the view that the magnitude of momentum premium not only depends on the portfolio formation period, but also on the holding period. Momentum Stock returns Equity capital Investments Australia...

.... Investments Macroeconomics Equity capital Over the past three decades, researchers have been attempting to search for a parsimonious theory or model that can explain the cross‐section of expected stock returns. Of special interest to the academics is the search of theories to explain the existence...