Research in finance. Volume 27
The theme of this volume is Recovering from Financial Crisis. The lead chapter sets the theme by giving insight into the recent surge in going-private transactions (and the corresponding reduction of Initial Public Offerings). The author develops evidence (reaching back 25 years) that going-private...
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Format: | Electronic |
Language: | English |
Published: |
Bingley, U.K. :
Emerald,
2011.
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Series: | Research in finance,
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Subjects: | |
ISBN: | 9780857245427 (electronic bk.) : |
Physical Description: | 1 online resource (xi, 310 p.) : ill. |
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245 | 0 | 0 | |a Research in finance. |n Volume 27 |h [electronic resource] / |c edited by John W. Kensinger. |
260 | |a Bingley, U.K. : |b Emerald, |c 2011. | ||
300 | |a 1 online resource (xi, 310 p.) : |b ill. | ||
490 | 0 | |a Research in finance, |x 0196-3821 | |
505 | 0 | |a Introduction / John W. Kensinger -- Time-series analysis of going-private transactions / Jaehoon Kim -- On estimating the failure probability of hedge funds / Kajal Lahiri, Hany A. Shawky, Yongchen Zhao -- Private equity arrangements as real options / Andrew H. Chen, James A. Conover, John W. Kensinger -- The value effect of crude oil derivatives transactions by oil producers / Helen Xu, Eric C. Lin, John W. Kensinger -- IPO monitoring effectiveness of external investment banks and IPO insiders / Sean A.G. Gordon, James A. Conover -- A simple option-theoretic approach to the lease versus purchase decision / Wm. Steven Smith, Charles Harter -- Empirical performance of accounting measures of direct agency costs / Bassem M. Hijazi, James A. Conover -- Elasticity as a measure of project uncertainty / Steven A. Dennis, Wm. Steven Smith -- Correlation behavior of emerging markets / C. Sherman Cheung, Peter C. Miu. | |
520 | |a The theme of this volume is Recovering from Financial Crisis. The lead chapter sets the theme by giving insight into the recent surge in going-private transactions (and the corresponding reduction of Initial Public Offerings). The author develops evidence (reaching back 25 years) that going-private transactions tend to be inversely related with the return on diversified equity portfolios, suggesting that the recent upswing in going-private transactions in the United States is not simply the result of the Sarbanes Oxley Act of 2002. The second chapter offers insights into the recent round of hedge fund failures. Then, the third chapter offers new insights into some of the more controversial aspects of private equity arrangementswhen private equity arrangements are expressed as real options, the actions of the managing partners are more readily understandable. The fourth chapter offers insights into why commodity producers (such as oil companies) choose not to hedge, so that their stock can offer shareholders the opportunity to gain valuable diversification benefits using the stock as a pure play in the commodity. Remaining chapters offer further insights into recent trends in IPO activity, lease versus purchase decisions, agency costs, project risk, and emerging markets. | ||
588 | 0 | |a Print version record | |
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650 | 7 | |a Business & Economics |x Banks & Banking. |2 bisacsh | |
650 | 7 | |a Finance. |2 bicssc | |
650 | 7 | |a Banking. |2 bicssc | |
650 | 0 | |a Finance. | |
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655 | 9 | |a electronic books |2 eczenas | |
700 | 1 | |a Kensinger, John W. | |
776 | 1 | |z 9780857245410 | |
856 | 4 | 0 | |u https://proxy.k.utb.cz/login?url=https://doi.org/10.1108/S0196-3821(2011)27 |y Full text |