Financial Management articles from December 1992

Financial Management archives from December 1992

Order flow, trading costs and corporate acquisition announcements. (Market Microstructure and Corporate Finance Special Issue)
December 22, 1992... Jennifer Conrad is an Associate Professor of Finance at the Kenan-Flagler Business School, University of North Carolina, Chapel Hill, North Carolina. Cathy M. Niden is an Assistant Professor of Finance, College of Business Administration,...

A market microstructure explanation of ex-day abnormal returns. (Market Microstructure and Corporate Finance Special Issue)
December 22, 1992... David A. Dubofsky is an Associate Professor at Texas A&M University, College Station, Texas. Considerable evidence exists that "something unusual" occurs on the ex-distribution days of U.S. listed common stocks. For example, most empirical...

The effects of splitting on the ex: a microstructure reconciliation. (stock split execution date) (Market Microstructure and Corporate Finance Special Issue)
December 22, 1992... When-Issued Securities," Financial Review (May 1989), pp. 183-198. 32. R.C. Lease, R.M. Masulis, and J.R. Page, "An Investigation of Market Microstructure Impacts on Event Study Returns," Journal of Finance (September 1991), pp. 1523-1536....

AMEX-to-NYSE transfers, market microstructure, and shareholder wealth. (American Stock Exchange, New York Stock Exchange) (Market Microstructure and Corporate Finance Special Issue)
December 22, 1992... H. Kent Baker is a Professor of Finance and Chair of the Department of Finance and Real Estate, and Richard B. Edelman is a Professor of Finance, both at the Kogod College of Business Administration, The American University, Washington, D.C. *...

Explaining the NYSE listing choices of NASDAQ firms. (New York Stock Exchange, National Association of Securities Dealers Automated Quotations Systems) (Market Microstructure and Corporate Finance Special Issue)
December 22, 1992... Arnold R. Cowan and Ajai K. Singh are Assistant Professors, and Richard B. Carter and Frederick H. Dark are Associate Professors, all with the Department of Finance, College of Business, Iowa State University, Ames, Iowa. * Recent studies...

On the management of financial guarantees. (Market Microstructure and Corporate Finance Special Issue)
December 22, 1992... (iii) To facilitate recognition by the authorities regulating SubCo of PareCo's total equity investment. Suppose that SubCo is subject to price regulation, and is allowed only a "fair" rate of return on its invested capital. A "fair" rate of...

Sinking fund prepurchases and the designation option. (Market Microstructure and Corporate Finance Special Issue)
December 22, 1992... Andrew Kalotay is an Associate Professor of Finance at Fordham University, and President of Andrew Kalotay Associates, New York, New York. Bruce Tuckman is an Assistant Professor of Finance at the Stern School of Business, New York University,...

Wealth effects for buyers and sellers of the same divested assets. (Market Microstructure and Corporate Finance Special Issue)
December 22, 1992... Neil W. Sicherman is an Associate Professor of Finance at the University of South Carolina, Columbia, South Carolina, and Richard H. Pettway is Missouri Bankers Chair Professor of Finance at the University of Missouri-Columbia, Columbia,...