Zobrazeno 1 - 10
of 43
pro vyhledávání: '"Paul A. Spindt"'
Publikováno v:
Journal of Applied Corporate Finance. 25:103-115
In this article, the authors update and confirm the findings of a 2005 article that was the first to view corporate underwriter choices as the outcome of a two-sided matching process in which issuers look to the abilities of the underwriters offering
Publikováno v:
Journal of Banking & Finance. 36:2175-2189
We study the mutual relationships between institutional ownership, analyst following and share prices. We show that the pressure on firms to set lower share prices to attract analysts is attenuated by institutional monitoring. Our theory refutes the
Publikováno v:
Journal of Corporate Finance. 15:179-195
This paper examines the financing decisions of firms in response to changes in investments and profits. We find that information frictions play important roles in firms' financing decisions. However, we find no evidence that asymmetric information ab
Publikováno v:
Journal of Financial and Quantitative Analysis. 42:369-397
We provide evidence of a link between firm dividend policy and stock market liquidity. In the cross section, owners of less (more) liquid common stock are more (less) likely to receive cash dividends. Predictions of the proportion of dividend payers
Publikováno v:
Journal of Financial Intermediation. 14:210-238
We examine the relation between stock price performance and the identity of the investors buying the shares in private placements of equity. We find that although the shareholders not participating in the placement experience post-issue negative long
Publikováno v:
Journal of Financial Markets. 7:377-403
Firms choose a share price level both when they split their seasoned shares and when they go public. The stock splits literature, which has examined whether this choice has any economic significance, remains divided on the question of whether firms s
Publikováno v:
Journal of Financial Economics. 60:487-528
In 1993 and 1994, FreeportMcMoRan Copper and Gold issued two series of gold-denominated depositary shares to finance the expansion of its mining capacity in Indonesia. The pricing of these securities reflected their enhanced credit quality, which aro
Publikováno v:
Journal of Financial Economics. 51:407-434
We empirically examine the impact of flotation costs, agency conflicts, regulation, and information asymmetries on a firm's mix between public and private debt. Results indicate that firms with larger issue sizes exploit the scale economies in flotat
Autor:
Paul A. Spindt, Carol Corrado
Publikováno v:
Journal of Economics and Business. 45:193-211
This paper explores linkages between the monetary payments mechanism and business activity. We introduce a new measure of the volume of transactions associated with output o utput p roduction (TOP) and analyze the empirical connections between TOP an
Publikováno v:
SSRN Electronic Journal.