Research in finance.: Volume 22 /
This volume contains contributions on important topics in current finance research. Topics include the impact of recent reform in corporate governance, the stock price reactions to the joint venture announcements, the temperature, and the financial signals, the pricing of SPARQs, the incentive effec...
Gespeichert in:
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Amsterdam ; Oxford :
Elsevier JAI, .,
2005.
|
| Schriftenreihe: | Research in finance.
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | This volume contains contributions on important topics in current finance research. Topics include the impact of recent reform in corporate governance, the stock price reactions to the joint venture announcements, the temperature, and the financial signals, the pricing of SPARQs, the incentive effects in project finance with government financial guarantees, the option pricing models with price limits and market illiquidity, the benefits of financial competition and regulation, the banking theories on the required reserves and the impact of mid-loan bank lending, and the new tests PPP and the c. |
| Beschreibung: | 1 online resource (1 volume) |
| ISBN: | 0080462421 9780080462424 0762312777 9780762312771 |
| ISSN: | 0196-3821 ; |
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| 505 | 0 | |a Cover -- Research in Finance -- Contents -- List of contributors -- Introduction -- Corporate Ownership is not Always the Best Policy -- Introduction -- The Sarbanes-Oxley Act Accelerates Privatization -- Is Sarbanes-Oxley Fighting the Last War? -- The Higher Cost of Being a Public Company -- Track Record so Far -- Executive Stock Options in the Sarbanes-Oxley ERA -- Pension Controversies -- An Entity Separate and Apart -- Separate Entity Status Brings Loss of Accountability -- Duty of Care is Difficult to Enforce -- Duty of Loyalty is Also Difficult to Enforce -- Other Difficulties of Legal Challenge -- Legal Barriers to Challenge via Proxy Ballot -- Legal Barriers to Contests for Control -- Investors Prize Accountability -- Direct Investment and ''Downsizing'' Offer Solutions -- Tax Advantages of Direct Investment -- Control Advantages of Direct Investment -- Conclusion -- Notes -- Acknowledgment -- References -- The Information Content of Corporate Investment Announcements: The Case of Joint Ventures -- Introduction -- Assessing the Information in Joint Venture Announcements -- Event Study Data, Methods, and Results -- Data -- Event Study Empirical Methods -- Event Study Results -- Explanations of Cross-Partner Differences in Stock Price Reactions Using Joint Venture Characteristics -- Explanations for Cross-Partner Differences in Stock Price Reactions using Partner Characteristics -- An Explanation for the Relative Size Effect -- Free Cash Flow and Extra Project Information -- Could Partners' Stock-Price Reaction Differences be Due to Signaling -- Conclusion -- Notes -- Acknowledgments -- References -- Z-Statistics for Testing Hypotheses about Contributions -- A?ø Test Statistic for Unordered Differences in Partner's Contributions -- An Expanded Study on the Stock Market Temperature Anomaly -- Data -- Empirical Results of Bin Tests and Regression Analysis -- Bin Tests -- Regression Analysis -- Controlling for Known Anomalies -- Alternative Tests and Robustness Check -- Nonparametric Tests -- Tests Based on Temperature Deviations -- Aggregating Temperature Impacts Across Regions -- Sub-Sample Results -- Conclusion -- Notes -- Acknowledgments -- References -- Value and Growth Investing in Asian Stock Markets 1991-2002 -- Introduction -- Review of the Literature -- Aim of the Study -- Data and Methodology -- Data -- Methodology -- Empirical Findings -- Robustness to Firm Size, BTM Ratio, Market Conditions, and other Effects -- Summary and Conclusions -- Notes -- Acknowledgments -- References -- An Analysis of Stock Participation Accreting Redemption Quarterly-Pay Securities -- Overview of the SPARQS -- Specifications -- Tax and Hedging Issues -- The Demand for the SPARQS -- Valuation of SPARQS -- Application of The SPARQS Valuation Model -- Concluding Remarks -- Acknowledgment -- References -- Investment Incentives in Project Finance in the Presence of Partial Loan Guarantees -- Introduction -- The model -- All Equity Financed Project -- Equity-Debt Financing Mix with Government Loan Guarantee -- Numerical Results and General Discussion -- Risk Shifting, Moral Hazard, and Investment Incentives -- Loan Guarantees and Investment Incentives -- The Impact of Loan | |
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| contents | Cover -- Research in Finance -- Contents -- List of contributors -- Introduction -- Corporate Ownership is not Always the Best Policy -- Introduction -- The Sarbanes-Oxley Act Accelerates Privatization -- Is Sarbanes-Oxley Fighting the Last War? -- The Higher Cost of Being a Public Company -- Track Record so Far -- Executive Stock Options in the Sarbanes-Oxley ERA -- Pension Controversies -- An Entity Separate and Apart -- Separate Entity Status Brings Loss of Accountability -- Duty of Care is Difficult to Enforce -- Duty of Loyalty is Also Difficult to Enforce -- Other Difficulties of Legal Challenge -- Legal Barriers to Challenge via Proxy Ballot -- Legal Barriers to Contests for Control -- Investors Prize Accountability -- Direct Investment and ''Downsizing'' Offer Solutions -- Tax Advantages of Direct Investment -- Control Advantages of Direct Investment -- Conclusion -- Notes -- Acknowledgment -- References -- The Information Content of Corporate Investment Announcements: The Case of Joint Ventures -- Introduction -- Assessing the Information in Joint Venture Announcements -- Event Study Data, Methods, and Results -- Data -- Event Study Empirical Methods -- Event Study Results -- Explanations of Cross-Partner Differences in Stock Price Reactions Using Joint Venture Characteristics -- Explanations for Cross-Partner Differences in Stock Price Reactions using Partner Characteristics -- An Explanation for the Relative Size Effect -- Free Cash Flow and Extra Project Information -- Could Partners' Stock-Price Reaction Differences be Due to Signaling -- Conclusion -- Notes -- Acknowledgments -- References -- Z-Statistics for Testing Hypotheses about Contributions -- A?ø Test Statistic for Unordered Differences in Partner's Contributions -- An Expanded Study on the Stock Market Temperature Anomaly -- Data -- Empirical Results of Bin Tests and Regression Analysis -- Bin Tests -- Regression Analysis -- Controlling for Known Anomalies -- Alternative Tests and Robustness Check -- Nonparametric Tests -- Tests Based on Temperature Deviations -- Aggregating Temperature Impacts Across Regions -- Sub-Sample Results -- Conclusion -- Notes -- Acknowledgments -- References -- Value and Growth Investing in Asian Stock Markets 1991-2002 -- Introduction -- Review of the Literature -- Aim of the Study -- Data and Methodology -- Data -- Methodology -- Empirical Findings -- Robustness to Firm Size, BTM Ratio, Market Conditions, and other Effects -- Summary and Conclusions -- Notes -- Acknowledgments -- References -- An Analysis of Stock Participation Accreting Redemption Quarterly-Pay Securities -- Overview of the SPARQS -- Specifications -- Tax and Hedging Issues -- The Demand for the SPARQS -- Valuation of SPARQS -- Application of The SPARQS Valuation Model -- Concluding Remarks -- Acknowledgment -- References -- Investment Incentives in Project Finance in the Presence of Partial Loan Guarantees -- Introduction -- The model -- All Equity Financed Project -- Equity-Debt Financing Mix with Government Loan Guarantee -- Numerical Results and General Discussion -- Risk Shifting, Moral Hazard, and Investment Incentives -- Loan Guarantees and Investment Incentives -- The Impact of Loan |
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| indexdate | 2024-11-27T13:15:59Z |
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| series2 | Research in finance, |
| spelling | Research in finance. Volume 22 / edited by Andrew H. Chen. Amsterdam ; Oxford : Elsevier JAI, ., 2005. 1 online resource (1 volume) text txt rdacontent computer c rdamedia online resource cr rdacarrier Research in finance, 0196-3821 ; v. 22 This volume contains contributions on important topics in current finance research. Topics include the impact of recent reform in corporate governance, the stock price reactions to the joint venture announcements, the temperature, and the financial signals, the pricing of SPARQs, the incentive effects in project finance with government financial guarantees, the option pricing models with price limits and market illiquidity, the benefits of financial competition and regulation, the banking theories on the required reserves and the impact of mid-loan bank lending, and the new tests PPP and the c. Print version record. Cover -- Research in Finance -- Contents -- List of contributors -- Introduction -- Corporate Ownership is not Always the Best Policy -- Introduction -- The Sarbanes-Oxley Act Accelerates Privatization -- Is Sarbanes-Oxley Fighting the Last War? -- The Higher Cost of Being a Public Company -- Track Record so Far -- Executive Stock Options in the Sarbanes-Oxley ERA -- Pension Controversies -- An Entity Separate and Apart -- Separate Entity Status Brings Loss of Accountability -- Duty of Care is Difficult to Enforce -- Duty of Loyalty is Also Difficult to Enforce -- Other Difficulties of Legal Challenge -- Legal Barriers to Challenge via Proxy Ballot -- Legal Barriers to Contests for Control -- Investors Prize Accountability -- Direct Investment and ''Downsizing'' Offer Solutions -- Tax Advantages of Direct Investment -- Control Advantages of Direct Investment -- Conclusion -- Notes -- Acknowledgment -- References -- The Information Content of Corporate Investment Announcements: The Case of Joint Ventures -- Introduction -- Assessing the Information in Joint Venture Announcements -- Event Study Data, Methods, and Results -- Data -- Event Study Empirical Methods -- Event Study Results -- Explanations of Cross-Partner Differences in Stock Price Reactions Using Joint Venture Characteristics -- Explanations for Cross-Partner Differences in Stock Price Reactions using Partner Characteristics -- An Explanation for the Relative Size Effect -- Free Cash Flow and Extra Project Information -- Could Partners' Stock-Price Reaction Differences be Due to Signaling -- Conclusion -- Notes -- Acknowledgments -- References -- Z-Statistics for Testing Hypotheses about Contributions -- A?ø Test Statistic for Unordered Differences in Partner's Contributions -- An Expanded Study on the Stock Market Temperature Anomaly -- Data -- Empirical Results of Bin Tests and Regression Analysis -- Bin Tests -- Regression Analysis -- Controlling for Known Anomalies -- Alternative Tests and Robustness Check -- Nonparametric Tests -- Tests Based on Temperature Deviations -- Aggregating Temperature Impacts Across Regions -- Sub-Sample Results -- Conclusion -- Notes -- Acknowledgments -- References -- Value and Growth Investing in Asian Stock Markets 1991-2002 -- Introduction -- Review of the Literature -- Aim of the Study -- Data and Methodology -- Data -- Methodology -- Empirical Findings -- Robustness to Firm Size, BTM Ratio, Market Conditions, and other Effects -- Summary and Conclusions -- Notes -- Acknowledgments -- References -- An Analysis of Stock Participation Accreting Redemption Quarterly-Pay Securities -- Overview of the SPARQS -- Specifications -- Tax and Hedging Issues -- The Demand for the SPARQS -- Valuation of SPARQS -- Application of The SPARQS Valuation Model -- Concluding Remarks -- Acknowledgment -- References -- Investment Incentives in Project Finance in the Presence of Partial Loan Guarantees -- Introduction -- The model -- All Equity Financed Project -- Equity-Debt Financing Mix with Government Loan Guarantee -- Numerical Results and General Discussion -- Risk Shifting, Moral Hazard, and Investment Incentives -- Loan Guarantees and Investment Incentives -- The Impact of Loan Finance. http://id.loc.gov/authorities/subjects/sh85048256 Finances. finance. aat BUSINESS & ECONOMICS Finance. bisacsh Finance fast Chen, Andrew H. has work: Vol. 22 Research in Finance (Text) https://id.oclc.org/worldcat/entity/E39PD3MGhYPt9CpykGhmBfMxwy https://id.oclc.org/worldcat/ontology/hasWork Print version: Research in finance. Volume 22. Amsterdam ; Oxford : Elsevier JAI, ., 2005 0762312777 (OCoLC)62265935 Research in finance. FWS01 ZDB-4-EBA FWS_PDA_EBA https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=166944 Volltext |
| spellingShingle | Research in finance. Research in finance. Cover -- Research in Finance -- Contents -- List of contributors -- Introduction -- Corporate Ownership is not Always the Best Policy -- Introduction -- The Sarbanes-Oxley Act Accelerates Privatization -- Is Sarbanes-Oxley Fighting the Last War? -- The Higher Cost of Being a Public Company -- Track Record so Far -- Executive Stock Options in the Sarbanes-Oxley ERA -- Pension Controversies -- An Entity Separate and Apart -- Separate Entity Status Brings Loss of Accountability -- Duty of Care is Difficult to Enforce -- Duty of Loyalty is Also Difficult to Enforce -- Other Difficulties of Legal Challenge -- Legal Barriers to Challenge via Proxy Ballot -- Legal Barriers to Contests for Control -- Investors Prize Accountability -- Direct Investment and ''Downsizing'' Offer Solutions -- Tax Advantages of Direct Investment -- Control Advantages of Direct Investment -- Conclusion -- Notes -- Acknowledgment -- References -- The Information Content of Corporate Investment Announcements: The Case of Joint Ventures -- Introduction -- Assessing the Information in Joint Venture Announcements -- Event Study Data, Methods, and Results -- Data -- Event Study Empirical Methods -- Event Study Results -- Explanations of Cross-Partner Differences in Stock Price Reactions Using Joint Venture Characteristics -- Explanations for Cross-Partner Differences in Stock Price Reactions using Partner Characteristics -- An Explanation for the Relative Size Effect -- Free Cash Flow and Extra Project Information -- Could Partners' Stock-Price Reaction Differences be Due to Signaling -- Conclusion -- Notes -- Acknowledgments -- References -- Z-Statistics for Testing Hypotheses about Contributions -- A?ø Test Statistic for Unordered Differences in Partner's Contributions -- An Expanded Study on the Stock Market Temperature Anomaly -- Data -- Empirical Results of Bin Tests and Regression Analysis -- Bin Tests -- Regression Analysis -- Controlling for Known Anomalies -- Alternative Tests and Robustness Check -- Nonparametric Tests -- Tests Based on Temperature Deviations -- Aggregating Temperature Impacts Across Regions -- Sub-Sample Results -- Conclusion -- Notes -- Acknowledgments -- References -- Value and Growth Investing in Asian Stock Markets 1991-2002 -- Introduction -- Review of the Literature -- Aim of the Study -- Data and Methodology -- Data -- Methodology -- Empirical Findings -- Robustness to Firm Size, BTM Ratio, Market Conditions, and other Effects -- Summary and Conclusions -- Notes -- Acknowledgments -- References -- An Analysis of Stock Participation Accreting Redemption Quarterly-Pay Securities -- Overview of the SPARQS -- Specifications -- Tax and Hedging Issues -- The Demand for the SPARQS -- Valuation of SPARQS -- Application of The SPARQS Valuation Model -- Concluding Remarks -- Acknowledgment -- References -- Investment Incentives in Project Finance in the Presence of Partial Loan Guarantees -- Introduction -- The model -- All Equity Financed Project -- Equity-Debt Financing Mix with Government Loan Guarantee -- Numerical Results and General Discussion -- Risk Shifting, Moral Hazard, and Investment Incentives -- Loan Guarantees and Investment Incentives -- The Impact of Loan Finance. http://id.loc.gov/authorities/subjects/sh85048256 Finances. finance. aat BUSINESS & ECONOMICS Finance. bisacsh Finance fast |
| subject_GND | http://id.loc.gov/authorities/subjects/sh85048256 |
| title | Research in finance. |
| title_auth | Research in finance. |
| title_exact_search | Research in finance. |
| title_full | Research in finance. Volume 22 / edited by Andrew H. Chen. |
| title_fullStr | Research in finance. Volume 22 / edited by Andrew H. Chen. |
| title_full_unstemmed | Research in finance. Volume 22 / edited by Andrew H. Chen. |
| title_short | Research in finance. |
| title_sort | research in finance |
| topic | Finance. http://id.loc.gov/authorities/subjects/sh85048256 Finances. finance. aat BUSINESS & ECONOMICS Finance. bisacsh Finance fast |
| topic_facet | Finance. Finances. finance. BUSINESS & ECONOMICS Finance. Finance |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=166944 |
| work_keys_str_mv | AT chenandrewh researchinfinancevolume22 |