Nothing Special   »   [go: up one dir, main page]
create a website
On the anticipation of IPO underpricing: Evidence from equity carve-outs. (2008). yu, xiaoyun ; Fu, Huijing ; Seguin, Paul J. ; Benveniste, Lawrence M..
In: Journal of Corporate Finance.
RePEc:eee:corfin:v:14:y:2008:i:5:p:614-629.

Full description at Econpapers || Download paper

Cited: 4

Citations received by this document

Cites: 29

References cited by this document

Cocites: 47

Documents which have cited the same bibliography

Coauthors: 0

Authors who have wrote about the same topic

Citations

Citations received by this document

  1. Learning the wealth effects from equity carve-outs. (2020). Aziz, Saqib ; Dowling, Michael ; Dereeper, Sebastien ; Mashwani, Asad Iqbal.
    In: Finance Research Letters.
    RePEc:eee:finlet:v:33:y:2020:i:c:s1544612319302788.

    Full description at Econpapers || Download paper

  2. Equity carve-outs, divergence of beliefs and analysts’ following. (2018). Dereeper, Sebastien ; Mashwani, Asad Iqbal.
    In: Research in International Business and Finance.
    RePEc:eee:riibaf:v:43:y:2018:i:c:p:58-67.

    Full description at Econpapers || Download paper

  3. The performance of European equity carve-outs. (2018). Dasilas, Apostolos ; Leventis, Stergios.
    In: Journal of Financial Stability.
    RePEc:eee:finsta:v:34:y:2018:i:c:p:121-135.

    Full description at Econpapers || Download paper

  4. The impacts of parent’s listing status on subsidiary’s financial constraint and cost of equity capital: the case of equity carve-outs. (2014). Tam, Lewis ; Lewis H. K. Tam, .
    In: Accounting and Finance.
    RePEc:bla:acctfi:v:54:y:2014:i:1:p:275-299.

    Full description at Econpapers || Download paper

References

References cited by this document

  1. Allen, J. ; McConnell, J. Equity carve-outs and managerial discretion. 1998 Journal of Finance. 53 163-186

  2. Aussenegg, W. ; Pichler, P. ; Stomper, A. IPO pricing with bookbuilding and a when-issued market. 2006 Journal of Financial and Quantitative Analysis. 43 829-862

  3. Benveniste, L. ; Ljungqvist, A. ; Wilhelm, W.J. ; Yu, X. Evidence of information spillovers in the production of investment banking services. 2003 Journal of Finance. 58 577-608

  4. Benveniste, L. ; Spindt, P. How investment bankers determine the offer price and allocation of initial public offerings. 1989 Journal of Financial Economics. 24 343-362

  5. Bradley, D. ; Jordan, B. Partial adjustment to public information and IPO underpricing. 2002 Journal of Financial and Quantitative Analysis. 37 595-616

  6. Busaba, W.Y. Bookbuilding, the option to withdraw, and the timing of IPOs. 2006 Journal of Corporate Finance. 12 159-186

  7. Carter, R.B. ; Manaster, B. Initial public offerings and underwriter reputation. 1990 Journal of Finance. 45 1045-1068

  8. Chang, C. ; Yu, X. Investment opportunities, liquidity premium, and conglomerate mergers. 2004 Journal of Business. 77 45-74

  9. Chemmanur, T. ; Paeglis, I. Why issue tracking stock? Insights from a comparison with spin-offs and carve-outs. 2001 Journal of Applied Corporate Finance. 14 102-114

  10. Clayton, M. ; Qian, Y. Wealth gains from tracking stocks: long-run performance and ex-date returns. 2004 Financial Management. 33 83-106

  11. Ellis, K. ; Michaely, R. ; O'Hara, M. When the underwriter is the market maker: an examination of trading in the IPO aftermarket. 2000 Journal of Finance. 55 1039-1074

  12. Habib, M.D. ; Johnson, B. ; Naik, N.Y. Spinoffs and information. 1997 Journal of Financial Intermediation. 6 153-176

  13. Hand, J., Skantz, T., 1998, Noise traders in event studies? The case of equity carve-outs. Working Paper, University of North Carolina at Chapel Hill and Florida Atlantic University.
    Paper not yet in RePEc: Add citation now
  14. Hand, J., Skantz, T., 1999, Tax planning in initial public offerings: The case of equity carve-outs. Working Paper, University of North Carolina at Chapel Hill and Florida Atlantic University.
    Paper not yet in RePEc: Add citation now

  15. Hanley, K. Underpricing of initial public offerings and the partial adjustment phenomenon. 1993 Journal of Financial Economics. 34 231-250

  16. Ibbotson, R. ; Sindelar, J. ; Ritter, J. The market's problems with the pricing of initial public offerings. 1994 Journal of Applied Corporate Finance. 7 66-74

  17. Jenkinson, T., Ljungqvist, A., 1996, Going public: the theory and evidence on how companies raise equity finance. Clarendon Press and Oxford University Press.
    Paper not yet in RePEc: Add citation now

  18. Löffler, G. ; Panther, P. ; Theissen, E. Who knows what when? The information content of pre-IPO market prices. 2005 Journal of Financial Intermediation. 14 466-484

  19. Lamont, O. ; Thaler, R. Can the market add and subtract? Mispricing in tech stock carve-outs. 2003 Journal of Political Economy. 111 227-268

  20. Leite, T. Adverse selection, public information, and underpricing in IPOs. 2007 Journal of Corporate Finance. 13 813-828

  21. Ljungqvist, A. ; Wilhelm, W.J. IPO allocations: discriminatory or discretionary?. 2002 Journal of Financial Economics. 65 167-201

  22. Ljungqvist, A. ; Wilhelm, W.J. IPO pricing in the dot-com bubble. 2003 Journal of Finance. 58 723-752

  23. Loughran, T. ; Ritter, J. Why don't issuers get upset about leaving money on the table in IPOs?. 2002 Review of Financial Studies. 15 413-443

  24. Loughran, T. ; Ritter, J. Why has IPO underpricing changed over time?. 2004 Financial Management. 33 5-37

  25. Lowry, M. ; Schwert, G.W. Is the IPO pricing process efficient?. 2004 Journal of Financial Economics. 71 3-26

  26. Ofek, E. ; Richardson, M. DotCom mania: the rise and fall of internet stock prices. 2003 Journal of Finance. 58 1113-1137

  27. Ritter, J. ; Welch, I. A review of IPO activity, pricing, and allocations. 2002 Journal of Finance. 57 1795-1828

  28. Schipper, K. ; Smith, A. A comparison of equity carve-outs and seasoned equity offerings: share price effects and corporate restructuring. 1986 Journal of Financial Economics. 15 153-186

  29. Slovin, M.B. ; Sushka, M.E. ; Ferraro, S.R. A comparison of the information conveyed by equity carve-outs, spin-offs and asset sell-offs. 1995 Journal of Financial Economics. 37 89-104

Cocites

Documents in RePEc which have cited the same bibliography

  1. Do shareholders really matter for firm performance? Evidence from the ownership characteristics of Italian listed companies. (2023). Negri, Giulia ; Gigante, Gimede ; Chiarella, Carlo ; Gatti, Stefano ; Caselli, Stefano.
    In: International Review of Financial Analysis.
    RePEc:eee:finana:v:86:y:2023:i:c:s1057521923000601.

    Full description at Econpapers || Download paper

  2. .

    Full description at Econpapers || Download paper

  3. .

    Full description at Econpapers || Download paper

  4. .

    Full description at Econpapers || Download paper

  5. .

    Full description at Econpapers || Download paper

  6. Ex-date variables and DIPO parent returns. (2022). Thompson, Thomas H.
    In: Journal of Economics and Finance.
    RePEc:spr:jecfin:v:46:y:2022:i:3:d:10.1007_s12197-022-09585-9.

    Full description at Econpapers || Download paper

  7. Like father, like son: Who creates listed subsidiaries?. (2022). Uchida, Konari ; Boulifa, Hichem.
    In: Journal of the Japanese and International Economies.
    RePEc:eee:jjieco:v:64:y:2022:i:c:s0889158322000156.

    Full description at Econpapers || Download paper

  8. An examination of the liquidity of equity carve-out parents. (2021). Thompson, Thomas H.
    In: Journal of Economics and Finance.
    RePEc:spr:jecfin:v:45:y:2021:i:3:d:10.1007_s12197-021-09546-8.

    Full description at Econpapers || Download paper

  9. Learning the wealth effects from equity carve-outs. (2020). Aziz, Saqib ; Dowling, Michael ; Dereeper, Sebastien ; Mashwani, Asad Iqbal.
    In: Finance Research Letters.
    RePEc:eee:finlet:v:33:y:2020:i:c:s1544612319302788.

    Full description at Econpapers || Download paper

  10. Corporate divestiture and performance: an institutional view. (2018). Zschoche, Miriam ; Flickinger, Miriam.
    In: Journal of Management & Governance.
    RePEc:kap:jmgtgv:v:22:y:2018:i:1:d:10.1007_s10997-017-9384-6.

    Full description at Econpapers || Download paper

  11. The performance of European equity carve-outs. (2018). Dasilas, Apostolos ; Leventis, Stergios.
    In: Journal of Financial Stability.
    RePEc:eee:finsta:v:34:y:2018:i:c:p:121-135.

    Full description at Econpapers || Download paper

  12. Do long-term investors improve corporate decision making?. (2018). Harford, Jarrad ; Mansi, Sattar ; Kecskes, Ambrus.
    In: Journal of Corporate Finance.
    RePEc:eee:corfin:v:50:y:2018:i:c:p:424-452.

    Full description at Econpapers || Download paper

  13. Refocusing through discontinued operations in response to acquisitions and diversification. (2017). Lord, Richard A ; Saito, Yoshie.
    In: Advances in accounting.
    RePEc:eee:advacc:v:37:y:2017:i:c:p:71-84.

    Full description at Econpapers || Download paper

  14. M&A operations: Further evidence of informed trading in the CDS market. (2015). Vieira, Carlos ; Silva, Paulo ; da Silva, Paulo Pereira .
    In: Journal of Multinational Financial Management.
    RePEc:eee:mulfin:v:32-33:y:2015:i::p:116-130.

    Full description at Econpapers || Download paper

  15. Media news and earnings management prior to equity offerings. (2015). Chahine, Salim ; Mazboudi, Mohamad ; Mansi, Sattar.
    In: Journal of Corporate Finance.
    RePEc:eee:corfin:v:35:y:2015:i:c:p:177-195.

    Full description at Econpapers || Download paper

  16. Corporate governance and market performance of parent firms following equity carve-out announcements. (2014). Chahine, Salim ; Zeidan, Mohamad .
    In: Journal of Management & Governance.
    RePEc:kap:jmgtgv:v:18:y:2014:i:2:p:471-503.

    Full description at Econpapers || Download paper

  17. The impacts of parent’s listing status on subsidiary’s financial constraint and cost of equity capital: the case of equity carve-outs. (2014). Tam, Lewis ; Lewis H. K. Tam, .
    In: Accounting and Finance.
    RePEc:bla:acctfi:v:54:y:2014:i:1:p:275-299.

    Full description at Econpapers || Download paper

  18. An examination of ex-ante factors and their influence on equity carve-out long-term performance. (2013). Thompson, Thomas .
    In: Journal of Economics and Finance.
    RePEc:spr:jecfin:v:37:y:2013:i:2:p:159-172.

    Full description at Econpapers || Download paper

  19. The value implications of restrictions on asset sales. (2013). Waller, Gregory H. ; Sibilkov, Valeriy ; Straska, Miroslava .
    In: Review of Financial Economics.
    RePEc:eee:revfin:v:22:y:2013:i:3:p:98-108.

    Full description at Econpapers || Download paper

  20. Value creation from financing in equity carve-outs: Evidence from Japan. (2013). Otsubo, Minoru .
    In: Journal of Economics and Business.
    RePEc:eee:jebusi:v:68:y:2013:i:c:p:52-69.

    Full description at Econpapers || Download paper

  21. Vertical divestitures through equity carve-outs and spin-offs: A product markets perspective. (2011). Jain, Bharat A. ; Kini, Omesh ; Shenoy, Jaideep.
    In: Journal of Financial Economics.
    RePEc:eee:jfinec:v:100:y:2011:i:3:p:594-615.

    Full description at Econpapers || Download paper

  22. On the acquisition of equity carve-outs. (2011). Desai, Chintal A. ; Mansi, Sattar A. ; Klock, Mark S..
    In: Journal of Banking & Finance.
    RePEc:eee:jbfina:v:35:y:2011:i:12:p:3432-3449.

    Full description at Econpapers || Download paper

  23. Institutional trading, information production, and the choice between spin-offs, carve-outs, and tracking stock issues. (2011). Chemmanur, Thomas ; Liu, Mark H..
    In: Journal of Corporate Finance.
    RePEc:eee:corfin:v:17:y:2011:i:1:p:62-82.

    Full description at Econpapers || Download paper

  24. On the causes of volatility effects of conglomerate breakups. (2010). Desai, Chintal A. ; Savickas, Robert .
    In: Journal of Corporate Finance.
    RePEc:eee:corfin:v:16:y:2010:i:4:p:554-571.

    Full description at Econpapers || Download paper

  25. Agency problems in tracking stock and minority carve-out decisions: Explaining the discrepancy in short- and long-term performances. (2009). He, Wei ; Mukherjee, Tarun ; Wei, Peihwang.
    In: Journal of Economics and Finance.
    RePEc:spr:jecfin:v:33:y:2009:i:1:p:27-42.

    Full description at Econpapers || Download paper

  26. An examination of the impact of equity carve-outs on stockholder and bondholder wealth. (2009). Thompson, Thomas H. ; Apilado, Vince .
    In: Journal of Economics and Business.
    RePEc:eee:jebusi:v:61:y::i:5:p:376-391.

    Full description at Econpapers || Download paper

  27. Gains from equity carve-outs and subsequent events. (2009). Otsubo, Minoru .
    In: Journal of Business Research.
    RePEc:eee:jbrese:v:62:y:2009:i:11:p:1207-1213.

    Full description at Econpapers || Download paper

  28. The profitability of asset sales as an explanation of asset divestitures. (2008). Shin, Hwan G..
    In: Pacific-Basin Finance Journal.
    RePEc:eee:pacfin:v:16:y:2008:i:5:p:555-571.

    Full description at Econpapers || Download paper

  29. On the anticipation of IPO underpricing: Evidence from equity carve-outs. (2008). yu, xiaoyun ; Fu, Huijing ; Seguin, Paul J. ; Benveniste, Lawrence M..
    In: Journal of Corporate Finance.
    RePEc:eee:corfin:v:14:y:2008:i:5:p:614-629.

    Full description at Econpapers || Download paper

  30. How Preussag Became TUI: A Clinical Study of Institutional Blockholders and Restructuring in Europe. (2008). Dittmann, Ingolf ; Schneider, Christoph ; Maug, Ernst.
    In: Financial Management.
    RePEc:bla:finmgt:v:37:y:2008:i:3:p:571-598.

    Full description at Econpapers || Download paper

  31. Unlocking value: Equity carve outs as strategic real options. (2007). rossetto, silvia ; Perotti, Enrico.
    In: Journal of Corporate Finance.
    RePEc:eee:corfin:v:13:y:2007:i:5:p:771-792.

    Full description at Econpapers || Download paper

  32. Unlocking Value: Equity Carve outs as Strategic Real Options. (2007). rossetto, silvia ; Perotti, Enrico.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:6268.

    Full description at Econpapers || Download paper

  33. On Corporate Divestiture. (2005). Guo, Re-Jin ; Chen, Hsiu-Lang.
    In: Review of Quantitative Finance and Accounting.
    RePEc:kap:rqfnac:v:24:y:2005:i:4:p:399-421.

    Full description at Econpapers || Download paper

  34. An empirical investigation of corporate asset downsizing. (2005). Denis, Diane K. ; Shome, Dilip K..
    In: Journal of Corporate Finance.
    RePEc:eee:corfin:v:11:y:2005:i:3:p:427-448.

    Full description at Econpapers || Download paper

  35. Internal capital markets and investment policy: evidence from corporate spinoffs. (2004). Ahn, Seoungpil ; Denis, David J..
    In: Journal of Financial Economics.
    RePEc:eee:jfinec:v:71:y:2004:i:3:p:489-516.

    Full description at Econpapers || Download paper

  36. Can the Market Add and Subtract? Mispricing in Tech Stock Carve-outs. (2003). Thaler, Richard ; Lamont, Owen.
    In: Journal of Political Economy.
    RePEc:ucp:jpolec:v:111:y:2003:i:2:p:227-268.

    Full description at Econpapers || Download paper

  37. Frictions and Tax-Motivated Hedging: An Empirical Exploration of Publicly-Traded Exchangeable Securities. (2002). Gentry, William ; Schizer, David M..
    In: NBER Working Papers.
    RePEc:nbr:nberwo:9243.

    Full description at Econpapers || Download paper

  38. Divestitures and the liquidity of the market for corporate assets. (2002). Stulz, René ; Schlingemann, Frederik ; Walkling Ralph A., ; Schlingemann Frederik P., .
    In: Journal of Financial Economics.
    RePEc:eee:jfinec:v:64:y:2002:i:1:p:117-144.

    Full description at Econpapers || Download paper

  39. Can the Market Add and Subtract? Mispricing in Tech Stock Carve-Outs. (2001). Thaler, Richard ; Lamont, Owen.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:8302.

    Full description at Econpapers || Download paper

  40. Sub-debt Yield Spreads as Bank Risk Measures. (2001). Wall, Larry ; Evanoff, Douglas.
    In: Journal of Financial Services Research.
    RePEc:kap:jfsres:v:20:y:2001:i:2:p:121-145.

    Full description at Econpapers || Download paper

  41. Sub-debt yield spreads as bank risk measures. (2001). Wall, Larry ; Evanoff, Douglas.
    In: Working Paper Series.
    RePEc:fip:fedhwp:wp-01-03.

    Full description at Econpapers || Download paper

  42. Sub-debt yield spreads as bank risk measures. (2001). Wall, Larry ; Evanoff, Douglas.
    In: FRB Atlanta Working Paper.
    RePEc:fip:fedawp:2001-11.

    Full description at Econpapers || Download paper

  43. Why firms issue targeted stock. (2000). Julia, D'Souza ; John, Jacob .
    In: Journal of Financial Economics.
    RePEc:eee:jfinec:v:56:y:2000:i:3:p:459-483.

    Full description at Econpapers || Download paper

  44. Comparing acquisitions and divestitures. (2000). Boone, Audra L. ; Mulherin, Harold J..
    In: Journal of Corporate Finance.
    RePEc:eee:corfin:v:6:y:2000:i:2:p:117-139.

    Full description at Econpapers || Download paper

  45. Corporate Focusing and Internal Capital Markets. (1999). Stulz, René ; Schlingemann, Frederik ; Walkling, Ralph A..
    In: NBER Working Papers.
    RePEc:nbr:nberwo:7175.

    Full description at Econpapers || Download paper

  46. Capital markets and corporate structure: the equity carve-outs of Thermo Electron. (1998). Allen Jeffrey W., .
    In: Journal of Financial Economics.
    RePEc:eee:jfinec:v:48:y:1998:i:1:p:99-124.

    Full description at Econpapers || Download paper

  47. Can the Market Add and Subtract? Mispricing in Tech Stock Carve-outs. (). Thaler, Richard ; Lamont, Owen.
    In: CRSP working papers.
    RePEc:wop:chispw:528.

    Full description at Econpapers || Download paper

Coauthors

Authors registered in RePEc who have wrote about the same topic

Report date: 2025-01-15 08:11:14 || Missing content? Let us know

CitEc is a RePEc service, providing citation data for Economics since 2001. Sponsored by INOMICS. Last updated October, 6 2023. Contact: CitEc Team.