Zobrazeno 1 - 10
of 12
pro vyhledávání: '"Janet D. Payne"'
Publikováno v:
Journal of Financial Research. 43:821-845
We exploit a change in criteria by Standard and Poor's to examine the real effects of an exogenous credit ratings change on corporate policies. We use a criteria recalibration by Standard and Poor's, unrelated to firms' fundamentals, as a quasi-natur
Publikováno v:
The Journal of Investing. 29:51-60
In the United States, retail investors rely heavily on the mutual fund industry to meet long-term objectives such as preparing for retirement. One segment of the mutual fund industry identifies as value stock funds, while another identifies as growth
Publikováno v:
The Quarterly Review of Economics and Finance. 69:134-143
In this paper, we study whether firms benefit from listing in multiple foreign markets. Employing a global sample of multiple-listed firms, we compare Tobin’s q for firms cross-listed in one versus two or more markets. Our univariate analysis does
Autor:
Janet D. Payne, Vance Lesseig
Publikováno v:
International Journal of Managerial Finance. 13:213-224
Purpose The capital asset pricing model has fundamentally changed the way finance is taught and practiced since its development in 1964. However, one problem with the use of the model is estimating the systematic risk of untraded assets. Academics an
Autor:
Janet D. Payne, Spencer A. Case
Publikováno v:
International Journal of Managerial Finance. 9:198-218
PurposeIn this paper, the authors aim to test the assertion that options act as a substitute for short sales by allowing investors an alternative way to act on bearish sentiment. An empirical test of this assertion requires a researcher to observe bo
Publikováno v:
Journal of Financial and Quantitative Analysis. 47:365-396
We track the dividend initiation (DI) decisions from a sample of 6,588 firms that went public during the period 1979–2005 and find that 873 of them initiated dividends. Our primary objective is to determine whether information signaling can explain
Publikováno v:
Financial Review. 45:205-216
Despite the increase in institutional ownership, decreased trading costs, and increased real personal savings, we find that the average stock price is lower today than it was in the 1920s. In the aggregate, the propensity to split is a function of re
Autor:
Janet D. Payne, Jann C. Howell
Publikováno v:
The Financial Review. 39:367-387
Management decisions and market reactions to those decisions do not occur in isolation. Despite this fact, little or no research has examined two events when they occur in a sequence, even when theory suggests that those two events convey opposite si
Publikováno v:
Review of Quantitative Finance and Accounting. 20:155-168
Analyst forecast information is collected for firms following their IPOs and is used in an examination of subsequent seasoned equity offerings (SEOs). Consistent with information asymmetry arguments, the analysis indicates that a larger percentage of
Publikováno v:
Journal of Financial Research. 22:29-45
We examine market efficiency and the price-volume relation in Class A and Class B shares on the Shanghai exchange relative to the U. S. equity market. Variance ratios and runs tests for market efficiency support the hypothesis that both Class A and C