Zobrazeno 1 - 10
of 11
pro vyhledávání: '"Ansley Chua"'
Publikováno v:
Journal of Marketing. :002224292211344
At the time of an initial public offering (IPO), firms seek to maximize their stock market value. The authors theorize and show that a firm's innovation potential—firm outputs and activities that contribute to the development of future new products
Publikováno v:
Review of Quantitative Finance and Accounting. 51:529-551
This study investigates odd lot trading, both trades and orders, around quarterly earnings announcements to determine whether odd lot traders are informed regarding the information contained in earnings announcements. We find pre-announcement odd lot
Autor:
Ansley Chua, Tareque Nasser
Publikováno v:
Journal of Corporate Finance. 39:1-17
We examine the causes and consequences of insiders' liquidity needs as a motivation for the secondary sales in an initial public offering (IPO). Four main findings resulted from our analysis: (1) lower levels of pre-IPO cash holdings lead to lower le
Publikováno v:
Journal of Futures Markets. 35:738-752
In May of 1997, in the midst of the Internet bubble, the average month end P/E ratio for the software industry was 44. However, the 5-year historical average was 31. In this study, we examine the effect of this industry value fluctuation on the effec
Publikováno v:
SSRN Electronic Journal.
This paper provides evidence consistent with retail investors experiencing choice overload when presented with an increasing number of IPOs to choose from. We find that both the average first day return and trading volume are lower in weeks with high
Autor:
Ansley Chua
Publikováno v:
Journal of Financial Markets. 19:131-153
In this study, I develop a model that describes underwriters' price-setting behavior during initial public offerings (IPOs). Because of reputational concerns during high valuation periods, top-tier underwriters adjust the initial offer price valuatio
Publikováno v:
International Real Estate Review. 16(1):48-67
We find that the 3-day window around funds from operations (FFO) announcements drives the momentum profits found in the literature, which deliver an average excess monthly return of 1.22% over the period of 1990-2008 and 1.59% during the post-2000 pe
Publikováno v:
SSRN Electronic Journal.
This study investigates odd lot trading, both odd lot trades and odd lot orders, around quarterly earnings announcements to determine whether or not odd lot traders are informed regarding the information contained in earnings announcements. We find t
Autor:
Ansley Chua
Publikováno v:
SSRN Electronic Journal.
This study examines executives and directors’ motivation to sell their holdings during the IPO process. We find that a strong motivating factor that drive insider selling is consistent with their liquidity needs: insiders sell their shares when the
Autor:
Ansley Chua
Publikováno v:
SSRN Electronic Journal.
This study develops a model that examines the relationship between the industry over/under-valuation and IPO underpricing. In this model top-tier underwriters have reputational concerns regarding the long run performance of the issue and therefore ad