Zobrazeno 1 - 10
of 14
pro vyhledávání: '"William B. Elliott"'
Publikováno v:
SSRN Electronic Journal.
Bechtel National (Reston, VA) have undertaken a FEED study for retrofitting a 2x2x1 natural gas-fired gas turbine combined cycle power plant with post-combustion carbon capture (PCC) for CO2 storage/utilization. The comprehensive programme of work co
Autor:
William B. Elliott, Hilmi Songur
Publikováno v:
Finance Research Letters. 19:165-172
We examine the elasticity of demand curves using a recent sample of 100% secondary equity offerings (i.e., a large block of shares held by current shareholders; the proceeds of the sale go to the selling shareholders, not the issuing company) and emp
Publikováno v:
Journal of Accounting and Economics. 60:18-35
Decades of research confirm that, on average, stock split announcements generate positive abnormal returns. In our sample, 80% of CEO stock option grants are timed to occur on or before the split announcement date. With the average market-adjusted an
Publikováno v:
Managerial Finance. 39:362-383
PurposePrior literature suggests that managers have an incentive to increase stock prices prior to stock‐based acquisitions. This article aims to examine if there is any relationship between product market advertising and method of payments in merg
Publikováno v:
Warr, R S, Elliott, W B, Koeter-Kant, J & Oztekin, O 2012, ' Equity Mispricing and Leverage Adjustment Costs ', Journal of Financial and Quantitative Analysis, vol. 47, no. 3, pp. 589-616 . https://doi.org/10.1017/S0022109012000051
Journal of Financial and Quantitative Analysis, 47(3), 589-616. Cambridge University Press
Journal of Financial and Quantitative Analysis, 47(3), 589-616. Cambridge University Press
We find that equity mispricing impacts the speed at which firms adjust to their target leverage (TL) and does so in predictable ways depending on whether the firm is over- or underlevered. For example, firms that are above their TL and should therefo
Publikováno v:
Journal of Banking & Finance. 33:1472-1480
Previous studies document a negative return to equity on the announcement of an SEO. However, the effects of SEO announcements on bonds have received little attention. We find that bondholders experience a significant positive return on the announcem
Publikováno v:
Elliot, W B, Koeter-Kant, J & Warr, R S 2008, ' Market timing and the debt-equity choice ', Journal of Financial Intermediation, vol. 17, pp. 175-197 . https://doi.org/10.1016/j.jfi.2007.05.002
Journal of Financial Intermediation, 17, 175-197. Academic Press Inc.
Journal of Financial Intermediation, 17, 175-197. Academic Press Inc.
We test the market timing theory of capital structure using an earnings-based valuation model that allows us to separate equity mispricing from growth options and time-varying adverse selection; thus avoiding the multiple interpretations of book-to-m
Autor:
William B. Elliott, Edward A. Dyl
Publikováno v:
Journal of Business. 79(4):2045-2066
We document substantial variation in the prices of common stocks in U.S. markets due to firms selecting particular price ranges for their shares. Cross‐sectional evidence indicates that variables consistent with Merton’s model of capital market e
Publikováno v:
Accounting & Finance. 42:225-237
This paper examines whether the cross sectional variation in Australian share prices is partially explained by measures of firm size and ownership characteristics in a manner that is consistent with firms behaving in accordance with Merton's (1987) m
Publikováno v:
SSRN Electronic Journal.
We provide evidence that the decision to split a firms’ stock is related to CEO compensation. Previous works document that, on average, stock splits lead to price increases and increased price volatility in the year following the split. We use the