Zobrazeno 1 - 10
of 78
pro vyhledávání: '"Jay R. Ritter"'
Publikováno v:
The Review of Financial Studies.
Going public by merging with a Special Purpose Acquisition Company (SPAC) is much more expensive than conducting a traditional IPO. We rationalize why some companies merge with a SPAC by listing the potential benefits. We analyze the agency problems
Publikováno v:
SSRN Electronic Journal.
Publikováno v:
SSRN Electronic Journal.
Autor:
Jay R. Ritter, Rongbing Huang
Publikováno v:
Journal of Financial and Quantitative Analysis. 57:170-206
More frequent, larger, and more recent debt and equity issues in the prior 3 fiscal years are followed by lower stock returns in the subsequent year. The intercept of a q-factor calendar-time regression for the value-weighted (VW) portfolio of firms
Autor:
Jay R. Ritter, Qie Ellie Yin
Publikováno v:
Journal of Financial and Quantitative Analysis. 55:1946-1977
In the capital structure literature, speed of adjustment (SOA) estimates are similar whether book or market leverage is used. This robustness is suspect, given the survey evidence that firms target their book leverage and the empirical evidence that
Publikováno v:
SSRN Electronic Journal.
Autor:
Phillip Wool, Jay R. Ritter
Publikováno v:
SSRN Electronic Journal.
This brief article gives some background on the development of CUSIP numbers and discusses the disadvantages of fragmentation if an alternative identification system is introduced.
Autor:
Jay R. Ritter
Publikováno v:
SSRN Electronic Journal.
Publikováno v:
SSRN Electronic Journal.
This paper provides a survey of China’s IPO market. We examine the following key aspects of IPOs—the policy history, IPO pricing, bids and allocation, and aftermarket trading. We show that heavy-handed regulations result in suppressed IPO offer p
Autor:
Diana Shao, Jay R. Ritter
Publikováno v:
Critical Finance Review. 7:201-240
Closed-end fund (CEF) initial public offerings (IPOs) are priced above their net asset value due to the sales load paid to the underwriters. Within five months of the IPO, the CEFs start trading at a discount. By six months post-IPO, the average raw