Zobrazeno 1 - 9 of 9 pro vyhledávání: '"Erdal Gunay"'
1
Underwriter competition in accelerated seasoned equity offerings: Evidence from Canada
Autor: Nancy D. Ursel, Erdal Gunay
Publikováno v: Journal of International Financial Markets, Institutions and Money. 34:94-110
Accelerated seasoned equity offerings (SEOs) are now the most common form of SEO in the United States, Canada and Europe. Canadian accelerated SEOs do not feature competitive bidding for underwriting mandates. Using field study data from both issuers
Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::81139536dcb6c8af415bd1a8365b2f9b
https://doi.org/10.1016/j.intfin.2014.11.006
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3
Underwriter Competition in Accelerated Seasoned Equity Offerings
Autor: Erdal Gunay, Nancy D. Ursel
Publikováno v: SSRN Electronic Journal.
We show competition between underwriters even when fees are clustered. We study accelerated seasoned equity offerings (SEOs), which are now the predominant form of public SEO in the U.S., Canada, and Europe. Underwriters compete by establishing capac
Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::d5db3332ee5be5392e40d5b05bce1106
https://doi.org/10.2139/ssrn.2138215
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4
Competition in the Underwriting of Seasoned Equity Offerings
Autor: Erdal Gunay, Nancy D. Ursel
Publikováno v: SSRN Electronic Journal.
We show that competition in equity underwriting exists, even though fees or spreads are clustered. Our findings differ from those of studies that conclude that clustered fees are evidence of collusion. Applying an economic model of firms' strategic c
Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::d39296ce03449a384084d525b39f9dfe
https://doi.org/10.2139/ssrn.2022602
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5
Accelerated Seasoned Equity Offerings: Motives and Issuer-Underwriter Interactions
Autor: Nancy D. Ursel, Erdal Gunay
Publikováno v: SSRN Electronic Journal.
We examine interactions between firms issuing seasoned equity and their underwriters. Our approach contrasts with many studies which assume the interests of issuing firms and their underwriters are aligned, thus rendering distinctions between the two
Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::9f54c4934fdf36d5bd55a0b982c33800
https://doi.org/10.2139/ssrn.1777252
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6
Management buyouts and anticipated gains to shareholders—theory and testing
Autor: Erdal Gunay, George M. Frankfurter
Publikováno v: International Review of Financial Analysis. 2:33-50
The purpose of this study is to derive and empirically test a model that may explain anticipated gains from management buyouts (MBO's). In a partial equilibrium, asymmetric information milieu, the model shows that the maximum level of premium incumbe
Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::87e5ac3b927ab546d5d95c1da5df8257
https://doi.org/10.1016/1057-5219(93)90005-3
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7
A Portfolio Approach to Estimating the Average Correlation Coefficient for the Constant Correlation Model
Autor: Yash P. Aneja, Ramesh Chandra, Erdal Gunay
Publikováno v: The Journal of Finance. 44:1435-1438
This paper presents a portfolio approach to estimating the average correlation coefficient of a group of stocks which are considered for portfolio analysis. The average correlation coefficient has been shown to produce a better estimate of the future
Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::8bfe150a3a792e58dd47a5ee9020e1b0
https://doi.org/10.1111/j.1540-6261.1989.tb02664.x
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