... service. All of these costs can be exacerbated through active trading or by holding an ETF for short periods, or both. Bid offer spreads Share prices Share values Investment funds Stock exchanges Corporations issuing stocks and investment companies trading stocks face the challenge...

... and Warner was employed to examine the share price reaction to initial dividend announcements across different information environments. Findings Results show that dividend initiations bring about significant positive abnormal returns in the announcement period. The price response to dividend initiations...

... on the index effect by providing Australian evidence. John Pinfold can be contacted at: j.f.pinfold@massey.ac.nz © Emerald Group Publishing Limited 2008 Australia Shares Share prices Stock exchanges The index effect, first studied by Shleifer (1986) , is now a source of considerable...

...George Karathanassis; Nikolaos Philippas; Efthymios G. Tsionas; Demosthenes Hevas In this paper we investigate the influence of institutional investors on share prices using data from companies quoted on the Athens Stock Exchange. For finance theorists the value of an investment, real or financial...

... ' !$ "! # #% $" % %& &# ' '' % $ " © Emerald Group Publishing Limited 2004 Accounting research Acquisitions and mergers Banking Share prices Volatility Malaysia ...

...Xiaowu Huang This paper examines empirically Chinese stock price reactions to financial announcements for 2002. We find that B share prices react more strongly to negative financial announcements than A shares. The announcements can lead to excess returns. One explanation is that the markets...

... by oil and currency prices. Accounting research Share prices Economic fluctuations Egypt Israel Jordan Saudi Arabia Correlation analysis Stock markets Volume 30 Number 3 2004 3 Oil and Currency Factors in Middle East Equity Returns by Kofi A. Amoateng, and Javad Kargar, School of Business...

... reconstructions, seasoned issues and issues where the prospectus was not registered were similarly excluded.4. Furthermore, mining and oil IPOs are excluded as all government IPO were industrial companies. Share prices were obtained from the Equinet and IRESS databases.5 Where share prices were not available...

... 8. Rock, K., 1986, Why new issues are underpriced?, Journal of Financial Economics, pp. 186-212. Welch, I., 1989, Seasoned Offerings, Imitation Costs, and the Underpricing of Initial Public Offerings, Journal of Finance, Vol 44, pp 421-449. Accounting research Flotation of companies Share...

... were used in the analysis. The resulting sample comprised stock prices for 125 companies. To examine the extent of underpricing, and thus the efficiency, with which IPO initial prices are set the magnitude of share price movements are determined. To establish the magnitude of initial share price...

... investment markets Flotation of companies Share prices Liquidity Germany Managerial Finance 92 An Examination of Underperformance and Liquidity of Initial Public Offerings by High Growth Stocks on the German Neuer Markt by Ashley Burrowes, College of Business, University of Wisconsin-La Crosse, USA...

...James C. Brau; David A. Carter; Stephen E. Christophe; Kimberly G. Key Initial public offering (IPO) lockup agreements prevent insider sale of shares for specified periods of time (often 180 days). This study investigates share price reactions at and around the time the lockup agreements expire...

... of evaluation Electronic commerce R&D Marketing Share prices ...

...’ borrowing costs. © MCB UP Limited 2003 Accounting research Share prices Credit rating Information Costs USA Volume 29 Number 11 2003 93 Why Do Stock Prices React to Bond Rating Downgrades? by Yongtae Kim, Assistant Professor of Accounting, Santa Clara University, Leavey School of Business...

... equity issues in this study are traded as American Depository Receipts (ADRs) except the Canadian stocks. Accounting research Foreign investment Banking Flotation Share prices USA © MCB UP Limited 2003 Volume 29 Number 11 2003 49 The Early Performance of Non-US Banking Equities...

... and for the success, or otherwise, of investment strategies based on the existence of a value premium. © MCB UP Limited 2003 Accounting research Share prices Intangible assets Portfolio investment Theory USA Volume 29 Number 10 2003 57 The Value Premium: Rational, Irrational or Random by Angela J...

... Share prices Time series analysis Asia Latin America ...

... COMPUSTAT. Any missing data result in deletion from the sample. Also, the firm needs to exist continuously for at least two years the first year of data to compute the intangibles, which provide information in forming portfolios, the second year to be the holding period of the asset. Shares, price, long...

... 2003 Accounting research Share prices Volatility Theory Australia Managerial Finance 76 Excess Volatility? The Australian Stock Market from 1883 to 1999 by Richard Heaney, School of Economics and Finance, RMIT Business, RMIT University, Melbourne VIC 3001, Australia Abstract Are share...

... investment strategies that exploit mean reversion outperform buy‐and‐hold and standard contrarian strategies. © MCB UP Limited 2003 Accounting research Share prices Time series analysis Portfolio investment USA Volume 29 Number 10 2003 5 Mean Reversion of Size-Sorted Portfolios...