Zobrazeno 1 - 10
of 32
pro vyhledávání: '"Marc L. Lipson"'
Publikováno v:
Journal of Financial and Quantitative Analysis. :1-33
In a sample of non-U.S. regulatory regime shifts, we find that expanded short selling is associated with stock price declines, reductions in capital expenditure, and lower asset growth. In a reversal of results found for U.S. stocks in a study of Reg
Autor:
Marc L. Lipson, Irene Mastelli
Publikováno v:
Darden Business Publishing Cases. :1-14
A growing folding carton company is contemplating the replacement of an old machine with a new one. The case challenge is to develop a cash flow forecast and determine the proper discount rate for the machine replacement. In addition to increased cap
Publikováno v:
Darden Business Publishing Cases. :1-14
In early 2006, the anticipated expansion of package delivery services in China provided a great opportunity for the two package delivery giants FedEx and UPS. It was unclear which of these firms would make the most of this opportunity. An analysis of
Publikováno v:
SSRN Electronic Journal.
We examine the changes in performance of mutual fund managers that result from changes in the scope of their duties. While confirming that the scope of manager responsibilities is expanded in response to positive past performance, we demonstrate that
Autor:
Shane A. Corwin, Marc L. Lipson
Publikováno v:
Journal of Financial Markets. 14:47-81
Using electronic order flow data for a sample of NYSE-listed stocks, we examine the relative importance of program traders, institutional traders, retail traders, and exchange members in driving commonality in order flow, returns, and liquidity. Usin
Publikováno v:
Journal of Corporate Finance. 16:443-455
We find that the likelihood and severity of financial misreporting is positively related to aggregate institutional ownership and this effect can be largely attributed to ownership by institutions with short investment horizons — those with little
Autor:
Sandra Mortal, Marc L. Lipson
Publikováno v:
Journal of Financial Markets. 12:611-644
We examine the relation between equity market liquidity and capital structure. We find that firms with more liquid equity have lower leverage and prefer equity financing when raising capital. For example, after sorting firms into size quintiles and t
Publikováno v:
Journal of Financial Economics. 88:425-429
Publikováno v:
The Journal of Finance. 59:2339-2374
For NYSE-listed IPOs, limit order submissions and depth relative to volume are unusually low on the first trading day. Initial buy-side liquidity is higher for IPOs with high-quality underwriters, large syndicates, low insider sales, and high premark
Autor:
Marc L. Lipson
Publikováno v:
Journal of Corporate Finance. 9:377-384
This article provides a brief overview of the importance of market microstructure research and identifies existing areas of research that focus on links between microstructure and corporate finance. Each of the special issue articles is then summariz